Company Valuation: Kaneka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 231,272 224,812 247,581 239,651 288,782 367,011 - -
Change - -2.79% 10.13% -3.2% 20.5% 27.09% - -
Enterprise Value (EV) 1 317,939 358,887 398,707 417,070 469,122 574,956 571,189 592,568
Change - 12.88% 11.1% 4.61% 12.48% 22.56% -0.66% 3.74%
P/E 8.73x 9.87x 10.7x 9.5x 9.57x 13x 12.1x 10.9x
PBR 0.6x 0.54x 0.54x 0.51x 0.58x 0.71x 0.7x 0.66x
PEG - -0.7x 4.5x 0.8x 0.4x -2.12x 1.69x 1x
Capitalization / Revenue 0.33x 0.3x 0.32x 0.3x 0.36x 0.43x 0.42x 0.4x
EV / Revenue 0.46x 0.47x 0.52x 0.52x 0.58x 0.67x 0.65x 0.65x
EV / EBITDA 3.9x 4.81x 5.44x 4.97x 5.84x 6.57x 6.12x 5.88x
EV / EBIT 7.3x 10.2x 12.2x 10.4x 14.3x 14.6x 13x 11.7x
EV / FCF -57.9x -27.1x 127x - 19.5x 57.8x 46.2x 80.6x
FCF Yield -1.73% -3.69% 0.79% - 5.12% 1.73% 2.17% 1.24%
Dividend per Share 2 110 110 110 130 160 190 195 216.7
Rate of return 3.1% 3.19% 2.88% 3.41% 3.34% 3.12% 3.2% 3.55%
EPS 2 406 349.6 357.9 400.9 501.3 470.5 504.2 558.4
Distribution rate 27.1% 31.5% 30.7% 32.4% 31.9% 40.4% 38.7% 38.8%
Net sales 1 691,530 755,821 762,302 807,200 811,638 855,467 875,317 912,500
EBITDA 1 81,515 74,543 73,358 83,987 80,321 87,517 93,300 100,767
EBIT 1 43,562 35,087 32,579 40,050 32,894 39,450 43,883 50,500
Net income 1 26,487 23,008 23,220 25,309 30,977 28,014 29,358 31,167
Net Debt 1 86,667 134,075 151,126 177,419 180,340 207,945 204,178 225,557
Reference price 2 3,545.00 3,450.00 3,814.00 3,808.00 4,795.00 6,099.00 6,099.00 6,099.00
Nbr of stocks (in thousands) 65,239 65,163 64,914 62,934 60,226 60,176 - -
Announcement Date 5/12/22 5/12/23 5/14/24 5/14/25 5/14/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.85x0.67x6.53x3.14% 2.29B
20.6x3.7x10.47x1.92% 73.4B
13.09x0.92x7.76x4.44% 50.93B
59.5x9.62x40.79x0.92% 17.99B
13.74x0.9x6.48x2.69% 14.21B
14.22x0.76x5.22x2.6% 10.51B
17.3x0.74x8.35x2.97% 10.41B
37.56x1.75x9.28x2% 9.61B
32.05x4.38x18.73x0.36% 8B
5.38x0.69x3.19x-.--% 7.38B
Average 22.63x 2.41x 11.68x 2.1% 20.47B
Weighted average by Cap. 21.78x 2.83x 11.77x 2.49%

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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