Company Valuation: Tokuyama Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 123,613 151,457 195,345 200,654 268,933 288,234 - -
Change - 22.52% 28.98% 2.72% 34.03% 7.18% - -
Enterprise Value (EV) 1 149,713 225,823 252,443 235,799 430,953 325,683 375,558 360,562
Change - 50.84% 11.79% -6.59% 82.76% -24.43% 15.31% -3.99%
P/E 4.42x 16.2x 11x 8.58x 12.1x 9.75x 8.09x 8.58x
PBR 0.55x 0.66x 0.78x 0.77x 0.95x 0.94x 0.86x 0.78x
PEG - -0.2x 0.1x 0.3x -2.39x 0.3x 0.4x -1.5x
Capitalization / Revenue 0.42x 0.43x 0.57x 0.58x 0.77x 0.74x 0.71x 0.72x
EV / Revenue 0.51x 0.64x 0.74x 0.69x 1.23x 0.84x 0.92x 0.9x
EV / EBITDA 3.38x 6.43x 5.83x 4.75x 7.43x 4.71x 4.99x 4.94x
EV / EBIT 6.1x 15.8x 9.85x 7.87x 11.6x 7.86x 7.46x 7.8x
EV / FCF -19.2x -4.96x 10.1x 8.16x -5.99x 38.9x 21.5x -
FCF Yield -5.22% -20.2% 9.92% 12.3% -16.7% 2.57% 4.64% -
Dividend per Share 2 70 70 80 100 120 140 160 180
Rate of return 4.07% 3.33% 2.95% 3.59% 3.21% 3.49% 3.99% 4.49%
EPS 2 389.1 130.2 246.7 325.1 308.6 410.7 495.3 467
Distribution rate 18% 53.8% 32.4% 30.8% 38.9% 34.1% 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 69,100 75,300 73,000
EBIT 1 24,539 14,336 25,637 29,968 37,017 41,433 50,333 46,200
Net income 1 28,000 9,364 17,751 23,388 22,205 29,550 35,633 33,600
Net Debt 1 26,100 74,366 57,098 35,145 162,020 37,449 87,324 72,328
Reference price 2 1,718.00 2,105.00 2,715.00 2,789.00 3,738.00 4,006.00 4,006.00 4,006.00
Nbr of stocks (in thousands) 71,952 71,951 71,950 71,945 71,946 71,951 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.83x0.84x4.75x3.47% 1.83B
26.48x4.18x13.45x2.19% 124B
14.14x6.07x34.21x2.62% 47.82B
58.99x1.37x9.64x5.88% 40.07B
12.55x1.21x6.91x2.44% 34.45B
9.95x3.22x7.56x4.36% 26.03B
9.79x0.92x5.68x4.09% 21.81B
11.24x1.14x8.44x3.59% 19.76B
19.38x0.81x6.45x1.13% 19.59B
29.48x2.62x14.23x0.4% 19.16B
Average 20.18x 2.24x 11.13x 3.02% 35.47B
Weighted average by Cap. 23.73x 3.10x 13.60x 2.89%

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