Company Valuation: Kureha Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 191,467 164,923 149,524 137,189 150,774 157,462 - -
Change - -13.86% -9.34% -8.25% 9.9% 4.44% - -
Enterprise Value (EV) 1 187,006 154,712 177,414 196,220 240,704 262,143 265,840 267,754
Change - -17.27% 14.67% 10.6% 22.67% 8.91% 1.41% 0.72%
P/E 13.5x 9.78x 15.7x 18.4x -14.8x 17.9x 15.1x 13.9x
PBR 0.96x 0.77x 0.68x 0.66x 0.91x 0.95x 0.93x 0.94x
PEG - 0.5x -0.4x -1.4x 0x -0x 0.8x 1.64x
Capitalization / Revenue 1.14x 0.86x 0.84x 0.85x 0.93x 0.92x 0.89x 0.88x
EV / Revenue 1.11x 0.81x 1x 1.21x 1.49x 1.54x 1.5x 1.5x
EV / EBITDA 5.9x 4.56x 7.25x 8.87x -38.5x 10.3x 9.03x 9.01x
EV / EBIT 9.28x 6.92x 13.9x 20.8x -12.9x 20.4x 18.1x 16.7x
EV / FCF 10.6x 13.3x -8.41x -13.7x 50.7x 114x 46.2x 31.9x
FCF Yield 9.41% 7.5% -11.9% -7.29% 1.97% 0.88% 2.16% 3.14%
Dividend per Share 2 70 90 86.67 86.7 214 217.8 218 219
Rate of return 2.14% 3.2% 3.19% 3.14% 5.42% 5.29% 5.29% 5.32%
EPS 2 241.9 288.1 173 149.7 -267.1 230.5 273.2 296.4
Distribution rate 28.9% 31.2% 50.1% 57.9% -80.1% 94.5% 79.8% 73.9%
Net sales 1 168,341 191,277 177,973 162,015 161,688 170,500 177,500 179,000
EBITDA 1 31,700 33,965 24,460 22,112 -6,253 25,367 29,425 29,733
EBIT 1 20,142 22,350 12,800 9,428 -18,592 12,833 14,700 16,000
Net income 1 14,164 16,868 9,734 7,800 -10,693 9,000 10,490 11,400
Net Debt 1 -4,461 -10,211 27,890 59,031 89,930 104,681 108,378 110,292
Reference price 2 3,270.00 2,816.67 2,717.00 2,758.00 3,945.00 4,120.00 4,120.00 4,120.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.95x4.31x13.9x2.04% 126B
19.11x5.18x35.38x1.94% 44.85B
51.54x1.33x8.38x6.14% 41.19B
11.66x1.15x6.52x2.62% 31.72B
9.41x2.76x6.85x4.73% 21.8B
6.06x0.78x5.14x4.9% 18.19B
31.05x2.5x14.13x0.41% 18.14B
98.07x16.99x63.9x0.06% 17.3B
20.03x - - 1.98% 17.29B
Average 30.54x 4.37x 19.27x 2.76% 37.44B
Weighted average by Cap. 29.10x 4.01x 17.21x 2.72%

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