Company Valuation: Daicel Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 241,595 285,636 417,587 344,009 314,941 372,236 - -
Change - 18.23% 46.2% -17.62% -8.45% 18.19% - -
Enterprise Value (EV) 1 431,569 509,628 644,194 559,786 550,381 619,196 634,437 639,787
Change - 18.09% 26.4% -13.1% -1.68% 12.5% 2.46% 0.84%
P/E 7.85x 7.2x 7.66x 7.15x 31.6x 11.4x 10.1x 8.4x
PBR 0.89x 0.97x 1.16x 0.96x 0.88x 0.99x 0.95x 0.89x
PEG - 0.2x 0.2x -0.88x -0.4x 0x 0.8x 0.4x
Capitalization / Revenue 0.52x 0.53x 0.75x 0.59x 0.54x 0.61x 0.59x 0.56x
EV / Revenue 0.92x 0.95x 1.15x 0.95x 0.95x 1.01x 1x 0.96x
EV / EBITDA 5.47x 6.44x 6.71x 5.47x 6.44x 6.78x 6.55x 5.88x
EV / EBIT 8.51x 10.7x 10.3x 9.18x 13.1x 14.2x 13.2x 11.5x
EV / FCF -122x -17.3x -884x 23.4x 27.3x 24.2x 21.6x 23.9x
FCF Yield -0.82% -5.78% -0.11% 4.28% 3.66% 4.14% 4.63% 4.18%
Dividend per Share 2 34 38 50 60 60 69.5 75.75 81.57
Rate of return 4.16% 3.8% 3.3% 4.62% 4.9% 4.77% 5.2% 5.6%
EPS 2 104.1 138.9 197.6 181.4 38.75 128.1 144.7 173.6
Distribution rate 32.6% 27.4% 25.3% 33.1% 155% 54.3% 52.4% 47%
Net sales 1 467,937 538,026 558,056 586,531 579,629 610,062 631,650 665,186
EBITDA 1 78,892 79,083 96,037 102,400 85,412 91,375 96,888 108,733
EBIT 1 50,697 47,508 62,393 61,011 42,069 43,757 47,975 55,786
Net income 1 31,254 40,682 55,834 49,480 10,180 32,425 36,112 42,400
Net Debt 1 189,974 223,992 226,607 215,777 235,440 246,960 262,201 267,552
Reference price 2 817.00 1,000.00 1,514.00 1,297.50 1,225.50 1,457.50 1,457.50 1,457.50
Nbr of stocks (in thousands) 295,709 285,636 275,817 265,132 256,990 255,393 - -
Announcement Date 5/11/22 5/11/23 5/9/24 5/13/25 5/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.39x1.02x6.78x4.77% 2.34B
26.74x4.22x13.56x2.17% 125B
15.24x6.53x36.76x2.43% 51.52B
59.23x1.38x9.68x5.86% 40.23B
12.22x1.24x6.73x2.74% 34.68B
9.56x3.11x7.29x4.54% 25B
9.08x0.87x5.39x4.41% 20.23B
29.09x2.69x13.96x0.41% 19.04B
10.89x1.02x8.03x3.85% 19.15B
19x0.81x6.45x1.32% 19.59B
Average 20.24x 2.29x 11.46x 3.25% 35.69B
Weighted average by Cap. 23.88x 3.21x 14.20x 2.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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