Company Valuation: UBE Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 193,256 199,381 264,658 211,145 236,150 345,835 - -
Change - 3.17% 32.74% -20.22% 11.84% 46.45% - -
Enterprise Value (EV) 1 355,576 386,349 441,731 425,712 538,488 699,685 703,435 656,685
Change - 8.65% 14.33% -3.63% 26.49% 29.94% 0.54% -6.65%
P/E 8.01x -28.4x 9.13x -43.8x 9.89x 14.5x 12.1x 11x
PBR 0.52x 0.55x 0.65x 0.53x 0.54x 0.77x 0.75x 0.73x
PEG - 0x -0x 0x -0x 70.33x 0.6x 1.1x
Capitalization / Revenue 0.29x 0.4x 0.57x 0.43x 0.51x 0.71x 0.72x 0.75x
EV / Revenue 0.54x 0.78x 0.94x 0.87x 1.16x 1.44x 1.47x 1.43x
EV / EBITDA 4.41x 9.26x 9.01x 9.42x 11.6x 11.8x 10x 8.89x
EV / EBIT 8.07x 23.7x 19.7x 23.6x 28.4x 34.4x 26.1x 23.8x
EV / FCF -33.3x -49x 22.5x -17.2x -6.71x -17.6x 54.7x 10.2x
FCF Yield -3% -2.04% 4.45% -5.83% -14.9% -5.7% 1.83% 9.79%
Dividend per Share 2 95 95 105 110 110 160 166.7 173.3
Rate of return 4.76% 4.62% 3.85% 5.06% 4.52% 4.49% 4.68% 4.87%
EPS 2 249.3 -72.25 298.6 -49.6 245.8 246.3 295 325
Distribution rate 38.1% -131% 35.2% -222% 44.8% 65% 56.5% 53.3%
Net sales 1 655,265 494,738 468,237 486,802 462,343 485,433 478,933 458,233
EBITDA 1 80,544 41,700 49,028 45,216 46,400 59,350 70,250 73,850
EBIT 1 44,038 16,290 22,456 18,045 18,941 20,333 27,000 27,633
Net income 1 24,500 -7,006 28,981 -4,816 23,872 23,933 28,667 31,567
Net Debt 1 162,320 186,968 177,073 214,567 302,338 353,850 357,600 310,850
Reference price 2 1,997.00 2,055.00 2,726.50 2,174.50 2,431.00 3,560.00 3,560.00 3,560.00
Nbr of stocks (in thousands) 96,773 97,022 97,069 97,101 97,141 97,145 - -
Announcement Date 5/12/22 5/12/23 5/13/24 5/12/25 5/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.38x1.44x11.76x4.52% 2.16B
19.64x3.5x9.9x2.02% 69.63B
12.27x0.93x7.75x4.4% 51.94B
58.8x9.44x40.2x0.93% 17.61B
13.18x0.87x6.15x2.78% 13.73B
15.78x0.71x7.74x3.13% 10.19B
12.72x0.73x5.03x2.83% 9.65B
37.51x1.7x9x2.05% 9.5B
32.21x4.4x18.82x0.36% 8.04B
5.17x0.67x3.17x-.--% 7.2B
Average 22.17x 2.44x 11.95x 2.3% 19.97B
Weighted average by Cap. 20.98x 2.72x 11.50x 2.58%

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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