Company Valuation: Tokuyama Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 123,613 151,457 195,345 200,654 268,933 334,689 - -
Change - 22.52% 28.98% 2.72% 34.03% 24.45% - -
Enterprise Value (EV) 1 149,713 225,823 252,443 235,799 430,953 400,933 422,013 407,017
Change - 50.84% 11.79% -6.59% 82.76% -6.97% 5.26% -3.55%
P/E 4.42x 16.2x 11x 8.58x 12.1x 7.86x 9.39x 9.96x
PBR 0.55x 0.66x 0.78x 0.77x 0.95x 1.06x 1x 0.91x
PEG - -0.2x 0.1x 0.3x -2.39x 0.1x -0.6x -1.74x
Capitalization / Revenue 0.42x 0.43x 0.57x 0.58x 0.77x 0.86x 0.82x 0.84x
EV / Revenue 0.51x 0.64x 0.74x 0.69x 1.23x 1.03x 1.03x 1.02x
EV / EBITDA 3.38x 6.43x 5.83x 4.75x 7.43x 5.95x 5.6x 5.58x
EV / EBIT 6.1x 15.8x 9.85x 7.87x 11.6x 9.21x 8.38x 8.81x
EV / FCF -19.2x -4.96x 10.1x 8.16x -5.99x 47.9x 24.2x -
FCF Yield -5.22% -20.2% 9.92% 12.3% -16.7% 2.09% 4.13% -
Dividend per Share 2 70 70 80 100 120 130 160 180
Rate of return 4.07% 3.33% 2.95% 3.59% 3.21% 2.79% 3.44% 3.87%
EPS 2 389.1 130.2 246.7 325.1 308.6 592.1 495.3 467
Distribution rate 18% 53.8% 32.4% 30.8% 38.9% 22% 32.3% 38.5%
Net sales 1 293,830 351,790 341,990 343,073 349,476 389,650 408,433 399,000
EBITDA 1 44,255 35,109 43,327 49,656 57,965 67,400 75,300 73,000
EBIT 1 24,539 14,336 25,637 29,968 37,017 43,550 50,333 46,200
Net income 1 28,000 9,364 17,751 23,388 22,205 42,600 35,633 33,600
Net Debt 1 26,100 74,366 57,098 35,145 162,020 66,244 87,324 72,328
Reference price 2 1,718.00 2,105.00 2,715.00 2,789.00 3,738.00 4,652.00 4,652.00 4,652.00
Nbr of stocks (in thousands) 71,952 71,951 71,950 71,945 71,946 71,945 - -
Announcement Date 4/28/22 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.($)
7.86x1.03x5.95x2.79% 2.07B
27.95x4.31x13.9x2.04% 126B
19.11x5.18x35.38x1.94% 44.85B
51.54x1.33x8.38x6.14% 41.19B
11.66x1.15x6.52x2.62% 31.72B
9.41x2.76x6.85x4.73% 21.8B
6.06x0.78x5.14x4.9% 18.19B
31.05x2.5x14.13x0.41% 18.14B
98.07x16.99x63.9x0.06% 17.3B
20.03x - - 1.98% 17.29B
Average 28.27x 4.00x 17.79x 2.76% 33.9B
Weighted average by Cap. 28.97x 3.99x 17.14x 2.72%

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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  4. Valuation Tokuyama Corporation