Company Valuation: Kao Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,852,283 2,442,686 2,696,205 2,967,136 2,831,960 3,418,176 - -
Change - -14.36% 10.38% 10.05% -4.56% 20.7% - -
Enterprise Value (EV) 1 2,643,951 2,302,274 2,543,022 2,740,482 2,751,820 3,228,975 3,192,002 3,146,280
Change - -12.92% 10.46% 7.76% 0.41% 17.34% -1.15% -1.43%
P/E 26.1x 28.7x 61.5x 27.5x 24.1x 24.4x 22.6x 20.8x
PBR 2.96x 2.51x 2.74x 2.78x 2.66x 3.03x 2.87x 2.69x
PEG - -1.4x -1.3x 0x 2x 1.3x 2.76x 2.38x
Capitalization / Revenue 2.01x 1.57x 1.76x 1.82x 1.68x 1.89x 1.83x 1.76x
EV / Revenue 1.86x 1.48x 1.66x 1.68x 1.63x 1.79x 1.71x 1.62x
EV / EBITDA 11.5x 11.5x 17x 11.7x 11x 11.4x 10.7x 9.97x
EV / EBIT 18.4x 20.9x 42.4x 18.7x 16.8x 16.8x 15.5x 14.1x
EV / FCF 24.4x - 23.3x 25.4x 27.9x 24.6x 22.3x 20.3x
FCF Yield 4.1% - 4.3% 3.94% 3.58% 4.06% 4.49% 4.93%
Dividend per Share 2 72 74 75 76 77 78.12 79.73 81.88
Rate of return 2.39% 2.82% 2.59% 2.38% 2.46% 2.07% 2.11% 2.17%
EPS 2 115.3 91.64 47.18 116 130.2 154.6 167.3 181.9
Distribution rate 62.4% 80.8% 159% 65.5% 59.2% 50.5% 47.7% 45%
Net sales 1 1,418,768 1,551,059 1,532,579 1,628,448 1,688,633 1,805,641 1,870,221 1,938,297
EBITDA 1 230,851 199,809 149,630 235,066 249,910 283,522 297,696 315,658
EBIT 1 143,510 110,071 60,035 146,644 164,069 192,238 206,131 223,541
Net income 1 109,636 86,038 43,870 107,767 120,081 138,523 148,789 160,709
Net Debt 1 -208,332 -140,412 -153,183 -226,654 -80,140 -189,201 -226,174 -271,896
Reference price 2 3,009.50 2,627.50 2,900.00 3,194.00 3,130.50 3,778.00 3,778.00 3,778.00
Nbr of stocks (in thousands) 947,760 929,661 929,726 928,972 904,635 904,758 - -
Announcement Date 2/3/22 2/2/23 2/7/24 2/6/25 2/5/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.44x1.79x11.39x2.07% 21.8B
23.64x4.45x16.34x2.74% 374B
33.1x5.05x20.93x1.77% 260B
19.65x2.92x12.86x3.21% 142B
25.93x3.81x16.03x2.29% 74.97B
60.09x8.55x33.13x0.25% 54B
37.63x6.06x26.34x2.48% 44.92B
37.25x2.78x15.46x1.42% 39.32B
20.62x2.87x11.95x4.31% 37.59B
18.78x2.51x11.63x4.68% 36.63B
Average 30.11x 4.08x 17.60x 2.52% 108.55B
Weighted average by Cap. 28.18x 4.38x 17.77x 2.46%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Kao Corporation

Historical PBR trend

Valuation ratios - PBR - Kao Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Kao Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Kao Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Kao Corporation
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