Company Valuation: Kurita Water Industries Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 533,062 510,772 678,903 707,996 516,284 785,684 - -
Change - -4.18% 32.92% 4.29% -27.08% 52.18% - -
Enterprise Value (EV) 1 502,486 504,175 728,501 755,175 546,803 794,384 755,634 728,684
Change - 0.34% 44.49% 3.66% -27.59% 45.28% -4.88% -3.57%
P/E ratio 27.9x 27.6x 33.7x 24.3x 25.4x 20.9x 19.3x 17.6x
PBR 2.11x 1.88x 2.31x 2.14x 1.53x 2.23x 2.07x 1.92x
PEG - -8.44x 3.75x 0.5x -0.8x 0.2x 2.24x 1.87x
Capitalization / Revenue 1.99x 1.77x 1.97x 1.84x 1.26x 1.86x 1.76x 1.71x
EV / Revenue 1.88x 1.75x 2.11x 1.96x 1.34x 1.88x 1.7x 1.59x
EV / EBITDA 9.61x 8.52x 11x 10.2x 6.36x 8.97x 8.11x 7.38x
EV / EBIT 15.9x 14.1x 25.1x 18.3x 17.5x 14.6x 12.7x 11.2x
EV / FCF 92.5x -45x 309x 85.3x 17.3x 17.3x 17.4x 15.9x
FCF Yield 1.08% -2.22% 0.32% 1.17% 5.78% 5.77% 5.75% 6.3%
Dividend per Share 2 66 72 78 84 92 112 124.6 136.4
Rate of return 1.39% 1.58% 1.29% 1.33% 2% 1.56% 1.73% 1.9%
EPS 2 169.9 164.4 179.1 259.7 180.7 343 372.7 407.8
Distribution rate 38.8% 43.8% 43.5% 32.3% 50.9% 32.6% 33.4% 33.5%
Net sales 1 267,749 288,207 344,608 384,825 408,888 423,507 445,314 459,317
EBITDA 1 52,268 59,146 66,334 73,869 85,964 88,540 93,140 98,700
EBIT 1 31,529 35,734 29,058 41,232 31,275 54,383 59,550 65,100
Net income 1 19,088 18,471 20,134 29,189 20,305 37,303 40,672 44,348
Net Debt 1 -30,576 -6,597 49,598 47,179 30,519 8,700 -30,050 -57,000
Reference price 2 4,745.00 4,545.00 6,040.00 6,301.00 4,590.00 7,180.00 7,180.00 7,180.00
Nbr of stocks (in thousands) 112,342 112,381 112,401 112,363 112,480 109,427 - -
Announcement Date 5/6/21 5/6/22 5/11/23 5/9/24 5/8/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.93x1.88x8.97x1.56% 4.97B
33.1x4.5x15.11x1.44% 91.25B
31.86x4.76x14.97x1.13% 66.34B
27.58x4.71x18.87x0.43% 25.3B
36.1x2.64x13.57x-.--% 13.97B
24.92x - - 0.63% 9.59B
14.77x0.88x5.48x5.45% 6.08B
34.9x - - 3% 3.33B
17.1x - - - 2.86B
26.87x4.78x13.57x1.19% 2.56B
Average 26.82x 3.45x 12.94x 1.65% 22.63B
Weighted average by Cap. 30.95x 4.32x 14.98x 1.24%
See all sector valuations

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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