Company Valuation: NGK Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 546,259 536,587 607,763 537,966 1,143,525 1,556,504 - -
Change - -1.77% 13.26% -11.48% 112.56% 36.11% - -
Enterprise Value (EV) 1 612,967 575,236 624,387 526,338 1,065,239 1,429,071 1,368,310 1,304,281
Change - -6.16% 8.54% -15.7% 102.39% 34.16% -4.25% -4.68%
P/E 7.74x 9.87x 15.3x 9.87x 19.3x 18.2x 17x 15.6x
PBR 0.94x 0.84x 0.87x 0.75x 1.41x 1.87x 1.76x 1.64x
PEG - -0.5x -0.6x 0.3x 1.8x 0.4x 2.41x 1.75x
Capitalization / Revenue 1.07x 0.96x 1.05x 0.87x 1.71x 2.16x 2.04x 1.95x
EV / Revenue 1.2x 1.03x 1.08x 0.85x 1.59x 1.98x 1.8x 1.63x
EV / EBITDA 4.62x 4.77x 5.07x 3.8x 6.99x 8.07x 7.29x 6.45x
EV / EBIT 7.34x 8.62x 9.4x 6.48x 11.2x 12.5x 11x 9.7x
EV / FCF 12.6x 12.5x 12x 11x 17.5x 22.4x 23x 19.4x
FCF Yield 7.92% 7.99% 8.31% 9.09% 5.71% 4.46% 4.34% 5.15%
Dividend per Share 2 63 66 50 60 80 106.2 109.1 116.2
Rate of return 3.59% 3.77% 2.45% 3.27% 2.01% 1.92% 1.97% 2.1%
EPS 2 226.6 177.5 133.6 186 206.3 304.2 325.7 354.7
Distribution rate 27.8% 37.2% 37.4% 32.3% 38.8% 34.9% 33.5% 32.7%
Net sales 1 510,439 559,240 578,913 619,513 670,125 721,429 762,014 797,900
EBITDA 1 132,797 120,490 123,203 138,494 152,484 177,167 187,680 202,250
EBIT 1 83,527 66,761 66,397 81,241 94,997 113,900 124,043 134,467
Net income 1 70,851 55,048 40,562 54,933 59,936 86,921 92,611 99,950
Net Debt 1 66,708 38,649 16,624 -11,628 -78,286 -127,433 -188,194 -252,223
Reference price 2 1,753.00 1,752.00 2,040.00 1,835.50 3,977.00 5,532.00 5,532.00 5,532.00
Nbr of stocks (in thousands) 311,614 306,271 297,923 293,090 287,534 281,364 - -
Announcement Date 4/28/22 4/28/23 4/26/24 4/28/25 4/30/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.87x6.15x22.84x0.75% 123B
32.85x6.16x21.34x1.87% 41.78B
33.57x4.38x16.45x0.1% 32.35B
21.67x1.79x13.17x2.24% 30.77B
24.33x3.8x12.77x1.5% 27.81B
22.6x3.28x14.14x1.04% 27.56B
25.73x3.11x13.38x1.46% 27.31B
26.24x3.3x16.12x1.73% 24.42B
Average 27.86x 4.00x 16.28x 1.33% 41.89B
Weighted average by Cap. 30.39x 4.70x 18.34x 1.18%

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