Company Valuation: Kureha Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 191,467 164,923 149,524 137,189 150,774 170,074 - -
Change - -13.86% -9.34% -8.25% 9.9% 12.8% - -
Enterprise Value (EV) 1 187,006 154,712 177,414 196,220 240,704 282,274 278,452 280,366
Change - -17.27% 14.67% 10.6% 22.67% 17.27% -1.35% 0.69%
P/E 13.5x 9.78x 15.7x 18.4x -14.8x 19x 16.9x 15x
PBR 0.96x 0.77x 0.68x 0.66x 0.91x 0.98x 1x 1.02x
PEG - 0.5x -0.4x -1.4x 0x -0x 1.4x 1.2x
Capitalization / Revenue 1.14x 0.86x 0.84x 0.85x 0.93x 1x 0.96x 0.95x
EV / Revenue 1.11x 0.81x 1x 1.21x 1.49x 1.66x 1.57x 1.57x
EV / EBITDA 5.9x 4.56x 7.25x 8.87x -38.5x 10.4x 9.3x 9.43x
EV / EBIT 9.28x 6.92x 13.9x 20.8x -12.9x 21.9x 19x 17.5x
EV / FCF 10.6x 13.3x -8.41x -13.7x 50.7x 123x 48.4x 33.4x
FCF Yield 9.41% 7.5% -11.9% -7.29% 1.97% 0.81% 2.06% 3%
Dividend per Share 2 70 90 86.67 86.7 214 219 198 219
Rate of return 2.14% 3.2% 3.19% 3.14% 5.42% 4.92% 4.45% 4.92%
EPS 2 241.9 288.1 173 149.7 -267.1 234.6 263 296.4
Distribution rate 28.9% 31.2% 50.1% 57.9% -80.1% 93.4% 75.3% 73.9%
Net sales 1 168,341 191,277 177,973 162,015 161,688 170,500 177,000 179,000
EBITDA 1 31,700 33,965 24,460 22,112 -6,253 27,100 29,940 29,733
EBIT 1 20,142 22,350 12,800 9,428 -18,592 12,875 14,660 16,000
Net income 1 14,164 16,868 9,734 7,800 -10,693 9,225 10,612 11,400
Net Debt 1 -4,461 -10,211 27,890 59,031 89,930 112,200 108,378 110,292
Reference price 2 3,270.00 2,816.67 2,717.00 2,758.00 3,945.00 4,450.00 4,450.00 4,450.00
Nbr of stocks (in thousands) 58,552 58,553 55,033 49,742 38,219 38,219 - -
Announcement Date 5/12/22 5/12/23 5/13/24 5/12/25 5/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.43x4.17x13.39x2.17% 124B
13.81x4.93x32.36x2.96% 46.63B
119.64x1.35x9.52x6.47% 39.55B
12.54x1.21x6.9x2.44% 34.36B
10.02x3.23x7.45x4.44% 25.56B
9.58x0.91x5.59x4.18% 21.34B
29.19x2.58x13.97x0.41% 18.81B
69.52x12.62x45.91x0.07% 18.67B
12.21x0.99x7.11x3.08% 19.72B
Average 33.66x 3.55x 15.80x 2.91% 38.71B
Weighted average by Cap. 33.37x 3.58x 15.36x 2.92%

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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  5. Valuation Kureha Corporation