Company Valuation: Nichias Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 167,623 176,510 267,404 296,880 545,808 643,602 - -
Change - 5.3% 51.5% 11.02% 83.85% 17.92% - -
Enterprise Value (EV) 1 137,557 141,585 233,795 248,243 497,835 573,002 569,202 565,302
Change - 2.93% 65.13% 6.18% 100.54% 15.1% -0.66% -0.69%
P/E 7.61x 8.25x 10x 9.39x 17.4x 18.4x 16.7x 16x
PBR 1.09x 1.02x 1.34x 1.38x 2.29x 2.6x 2.38x 2.21x
PEG - -2.86x 0.4x 0.5x 15.8x 1.5x 1.6x 3.66x
Capitalization / Revenue 0.78x 0.74x 1.07x 1.16x 2.17x 2.32x 2.19x 2.14x
EV / Revenue 0.64x 0.59x 0.94x 0.97x 1.98x 2.06x 1.94x 1.88x
EV / EBITDA 4.18x 3.78x 5.46x 5.24x 11.2x 9.76x 9.04x 8.71x
EV / EBIT 5.24x 4.73x 6.64x 6.25x 13.4x 12x 10.7x 10.2x
EV / FCF 7.04x 14.2x 29x 8.18x 38.6x 19.1x 18.8x 18.1x
FCF Yield 14.2% 7.06% 3.44% 12.2% 2.59% 5.24% 5.31% 5.52%
Dividend per Share 2 28.67 30.67 32.67 36 54.67 65 72 80
Rate of return 3.4% 3.46% 2.41% 2.34% 1.89% 1.9% 2.11% 2.34%
EPS 2 110.7 107.5 135.5 163.8 165.6 185.5 204.8 213.7
Distribution rate 25.9% 28.5% 24.1% 22% 33% 35% 35.2% 37.4%
Net sales 1 216,236 238,116 249,391 256,512 251,910 277,881 293,987 300,916
EBITDA 1 32,880 37,408 42,801 47,358 44,328 58,736 62,950 64,900
EBIT 1 26,264 29,954 35,208 39,732 37,014 47,948 53,148 55,224
Net income 1 22,034 21,398 26,961 32,073 31,634 34,796 38,209 39,918
Net Debt 1 -30,066 -34,925 -33,609 -48,637 -47,973 -70,600 -74,400 -78,300
Reference price 2 842.33 887.00 1,356.67 1,538.33 2,886.50 3,415.00 3,415.00 3,415.00
Nbr of stocks (in thousands) 198,999 198,996 197,103 192,988 189,090 188,463 - -
Announcement Date 5/9/22 5/8/23 5/7/24 5/12/25 5/11/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.77x0.13x2.35x2.99% 6.88B
12.55x0.6x6.07x1.82% 6.82B
13.65x0.49x6.63x5% 4.66B
18.14x2.03x9.6x1.93% 3.98B
12.73x0.5x5.42x3.03% 1.56B
18.58x0.42x14.84x1.36% 921M
Average 13.74x 0.69x 7.48x 2.69% 4.14B
Weighted average by Cap. 12.29x 0.66x 5.99x 2.82%

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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  3. 5393 Stock
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  5. Valuation Nichias Corporation