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 6,419,557 - -
Change - 6.01% 58.36% 3.36% 27.23% 72.03% - -
Enterprise Value (EV) 1 1,835,571 2,037,933 2,873,510 2,844,081 3,504,939 6,138,415 6,024,484 5,889,982
Change - 11.02% 41% -1.02% 23.24% 75.14% -1.86% -2.23%
P/E 9.52x 15.7x 22.8x 17.5x 19.1x 28.2x 23.5x 19.4x
PBR 1.26x 1.23x 1.66x 1.63x 1.71x 2.81x 2.56x 2.3x
PEG - -0.4x 2.5x 0.5x 1.1x 1.7x 1.2x 0.9x
Capitalization / Revenue 0.89x 0.82x 1.35x 1.33x 1.49x 2.39x 2.23x 2.04x
EV / Revenue 0.97x 0.93x 1.37x 1.29x 1.4x 2.29x 2.1x 1.87x
EV / EBITDA 1.18x 5.43x 7.91x 6.76x 7.35x 11x 9.43x 8.23x
EV / EBIT 11x 12.1x 16.6x 12.7x 12.9x 19.6x 16.3x 13.2x
EV / FCF -17.9x -158x 12.6x 12.9x 16.8x 49.9x 36x 31.7x
FCF Yield -5.59% -0.63% 7.95% 7.75% 5.97% 2% 2.78% 3.15%
Dividend per Share 2 15.67 21.2 23.2 30 36 40.06 46.41 52.83
Rate of return 1.76% 2.24% 1.55% 1.94% 1.83% 1.18% 1.37% 1.56%
EPS 2 93.67 60.24 65.74 88.1 103.1 120.1 144.1 174.6
Distribution rate 16.7% 35.2% 35.3% 34.1% 34.9% 33.3% 32.2% 30.3%
Net sales 1 1,902,124 2,180,817 2,103,876 2,204,806 2,504,820 2,683,337 2,874,562 3,147,241
EBITDA 1 1,549,796 375,112 363,439 420,420 476,607 559,327 638,659 715,509
EBIT 1 166,665 168,827 172,893 224,192 272,415 313,649 369,461 446,820
Net income 1 177,506 114,187 124,687 167,161 195,663 230,493 272,829 330,601
Net Debt 1 145,255 245,973 35,738 -88,907 -226,805 -281,142 -395,073 -529,575
Reference price 2 892.00 945.00 1,496.20 1,546.00 1,966.00 3,382.00 3,382.00 3,382.00
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.($)
27.45x2.23x10.69x1.21% 38.49B
35.19x12.08x22.53x0.81% 111B
60.45x8.84x42.52x1.24% 51.94B
32.48x1.53x17.44x-.--% 48.86B
34.94x2.21x15.8x1.52% 29.37B
31.58x4.78x19.08x-.--% 29.63B
8.89x5.14x9.91x2.18% 21.78B
30.93x4.78x19.17x0.74% 18.05B
33.97x1.9x16.59x0.46% 16.88B
20.94x0.77x8.57x0.36% 11.95B
Average 31.68x 4.43x 18.23x 0.85% 37.83B
Weighted average by Cap. 35.00x 6.37x 21.03x 0.84%

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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