Company Valuation: NOF Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 413,070 499,336 498,345 474,805 702,176 565,535 - -
Change - 20.88% -0.2% -4.72% 47.89% -19.46% - -
Enterprise Value (EV) 1 333,269 411,659 411,766 392,055 618,951 508,433 510,876 490,774
Change - 23.52% 0.03% -4.79% 57.87% -17.86% 0.48% -3.93%
P/E 15.5x 14.8x 14.8x 13.1x 17.6x 13.8x 12.5x 12x
PBR 1.87x 2.08x 1.88x 1.69x 2.38x 1.84x 1.71x 1.64x
PEG - 0.5x 9.51x 1.46x 1.2x 3.09x 1.2x 3.02x
Capitalization / Revenue 2.14x 2.29x 2.24x 1.99x 2.72x 1.79x 1.72x 1.85x
EV / Revenue 1.73x 1.89x 1.85x 1.65x 2.4x 1.61x 1.56x 1.61x
EV / EBITDA 8.03x 8.76x 8.39x 7.36x 8.9x 4.3x 4.15x 5.82x
EV / EBIT 9.36x 10.1x 9.77x 8.65x 13.1x 9.61x 8.83x 8.53x
EV / FCF 17.9x 18.2x 36.5x 37x - 116x 24.8x 11.2x
FCF Yield 5.59% 5.5% 2.74% 2.7% - 0.87% 4.03% 8.97%
Dividend per Share 2 30 36 38 45 61 71.2 75.83 86
Rate of return 1.79% 1.75% 1.82% 2.23% 1.97% 2.81% 2.99% 3.39%
EPS 2 107.9 139 141.2 153.9 176.3 184.2 203.3 211.3
Distribution rate 27.8% 25.9% 26.9% 29.2% 34.6% 38.6% 37.3% 40.7%
Net sales 1 192,642 217,709 222,252 238,310 257,967 316,380 328,233 305,167
EBITDA 1 41,504 46,983 49,081 53,273 69,527 118,250 123,025 84,350
EBIT 1 35,595 40,624 42,142 45,308 47,411 52,917 57,867 57,533
Net income 1 26,690 33,973 33,990 36,497 40,550 41,383 44,900 45,100
Net Debt 1 -79,801 -87,677 -86,579 -82,750 -83,225 -57,102 -54,659 -74,761
Reference price 2 1,673.33 2,056.67 2,085.50 2,020.00 3,101.00 2,537.00 2,537.00 2,537.00
Nbr of stocks (in thousands) 246,855 242,789 238,957 235,052 226,435 222,915 - -
Announcement Date 5/11/22 5/11/23 5/9/24 5/9/25 5/11/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.56x1.58x4.47x2.78% 3.51B
28.9x6.64x16.98x1.36% 218B
27.29x4.24x13.66x2.12% 122B
29.59x3.6x18.45x0.97% 79.75B
82.4x6.21x14.44x2.59% 62.17B
18.11x5.84x29.01x3.79% 61.47B
62.51x1.28x8.53x6.36% 37.07B
10.79x1.15x6.26x3.07% 31.56B
9.02x3.02x7.09x4.68% 24.29B
44.34x5.63x30.14x1.29% 24.14B
Average 32.65x 3.92x 14.90x 2.9% 66.4B
Weighted average by Cap. 33.47x 4.97x 16.49x 2.28%

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

  1. Stock Market
  2. Stocks
  3. 4403 Stock
  4. Valuation NOF Corporation