Company Valuation: TDK Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,690,316 1,791,960 2,837,772 2,932,988 3,731,744 5,652,703 - -
Change - 6.01% 58.36% 3.36% 27.23% 51.48% - -
Enterprise Value (EV) 1 1,835,571 2,037,933 2,873,510 2,844,081 3,504,939 5,403,601 5,268,620 5,145,007
Change - 11.02% 41% -1.02% 23.24% 54.17% -2.5% -2.35%
P/E 9.52x 15.7x 22.8x 17.5x 19.1x 21.6x 18.5x 15.8x
PBR 1.26x 1.23x 1.66x 1.63x 1.71x 2.39x 2.19x 1.98x
PEG - -0.4x 2.5x 0.5x 1.1x 0.6x 1.1x 0.9x
Capitalization / Revenue 0.89x 0.82x 1.35x 1.33x 1.49x 1.92x 1.79x 1.65x
EV / Revenue 0.97x 0.93x 1.37x 1.29x 1.4x 1.84x 1.67x 1.5x
EV / EBITDA 1.18x 5.43x 7.91x 6.76x 7.35x 9.05x 7.72x 6.73x
EV / EBIT 11x 12.1x 16.6x 12.7x 12.9x 15.7x 13x 10.8x
EV / FCF -17.9x -158x 12.6x 12.9x 16.8x 94.9x 30.7x 24.2x
FCF Yield -5.59% -0.63% 7.95% 7.75% 5.97% 1.05% 3.26% 4.13%
Dividend per Share 2 15.67 21.2 23.2 30 36 41.35 48.29 54.6
Rate of return 1.76% 2.24% 1.55% 1.94% 1.83% 1.39% 1.62% 1.83%
EPS 2 93.67 60.24 65.74 88.1 103.1 138 160.8 188.7
Distribution rate 16.7% 35.2% 35.3% 34.1% 34.9% 30% 30% 28.9%
Net sales 1 1,902,124 2,180,817 2,103,876 2,204,806 2,504,820 2,940,543 3,162,906 3,427,295
EBITDA 1 1,549,796 375,112 363,439 420,420 476,607 596,861 682,440 764,855
EBIT 1 166,665 168,827 172,893 224,192 272,415 344,530 405,586 475,331
Net income 1 177,506 114,187 124,687 167,161 195,663 261,266 303,106 356,584
Net Debt 1 145,255 245,973 35,738 -88,907 -226,805 -249,101 -384,083 -507,695
Reference price 2 892.00 945.00 1,496.20 1,546.00 1,966.00 2,978.00 2,978.00 2,978.00
Nbr of stocks (in thousands) 1,894,974 1,896,254 1,896,653 1,897,146 1,898,141 1,898,154 - -
Announcement Date 5/11/22 4/28/23 4/26/24 4/28/25 4/28/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.58x1.84x9.05x1.39% 35.92B
34.12x12.12x22.13x0.81% 123B
44.09x7.41x31.97x1.66% 49.69B
27.87x1.29x14.67x-.--% 42.36B
30.74x2.21x14.75x1.49% 31.05B
29.35x4.48x17.88x-.--% 28.47B
10.77x6.04x16.71x1.38% 26.63B
24.98x3.16x13.24x-.--% 17.51B
29.67x4.65x18.22x0.76% 17.42B
33.12x1.67x16.29x0.48% 13.81B
Average 28.63x 4.49x 17.49x 0.8% 38.56B
Weighted average by Cap. 30.66x 6.46x 19.29x 0.87%

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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