Company Valuation: Adeka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 2,78,533 2,31,588 3,29,268 2,73,567 3,54,519 3,91,977 - -
Change - -16.85% 42.18% -16.92% 29.59% 10.57% - -
Enterprise Value (EV) 1 2,47,842 2,01,823 3,01,376 2,21,994 3,11,436 3,47,044 3,33,610 3,21,644
Change - -18.57% 49.33% -26.34% 40.29% 11.43% -3.87% -3.59%
P/E 11.7x 13.8x 14.3x 11x 13x 13.6x 12.7x 11.9x
PBR 1.11x 0.89x 1.15x 0.92x 1.13x 1.21x 1.16x 1.08x
PEG - -0.5x 0.4x 1.2x 1x 2.07x 1.75x 1.72x
Capitalization / Revenue 0.77x 0.57x 0.82x 0.67x 0.85x 0.88x 0.85x 0.82x
EV / Revenue 0.68x 0.5x 0.75x 0.55x 0.75x 0.78x 0.73x 0.68x
EV / EBITDA 4.9x 4.17x 5.74x 3.79x 5.15x 5.14x 4.76x 4.27x
EV / EBIT 7.1x 6.24x 8.51x 5.41x 7.49x 7.61x 6.86x 6.24x
EV / FCF 24.7x -89x 16x 8.06x 16.4x 17.8x 12.2x 9.94x
FCF Yield 4.05% -1.12% 6.27% 12.4% 6.08% 5.62% 8.2% 10.1%
Dividend per Share 2 70 70 90 100 112 122.2 127.7 135.5
Rate of return 2.59% 3.1% 2.79% 3.72% 3.1% 3.02% 3.16% 3.35%
EPS 2 230.2 163.3 224.9 245.6 278 296.2 317.8 339.7
Distribution rate 30.4% 42.9% 40% 40.7% 40.3% 41.2% 40.2% 39.9%
Net sales 1 3,63,034 4,03,343 3,99,770 4,07,100 4,16,500 4,46,891 4,60,133 4,76,375
EBITDA 1 50,547 48,372 52,493 58,565 60,449 67,533 70,020 75,333
EBIT 1 34,927 32,369 35,428 41,000 41,600 45,580 48,667 51,525
Net income 1 23,744 16,778 22,977 25,019 27,866 29,320 31,400 33,075
Net Debt 1 -30,691 -29,765 -27,892 -51,573 -43,083 -44,933 -58,367 -70,333
Reference price 2 2,704.00 2,258.00 3,224.00 2,689.00 3,610.00 4,042.00 4,042.00 4,042.00
Nbr of stocks (in thousands) 1,03,008 1,02,564 1,02,130 1,01,736 98,205 96,976 - -
Announcement Date 13/05/22 12/05/23 14/05/24 14/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.96x0.8x5.27x2.95% 244.76Cr
28.21x4.34x13.99x2.04% 13TCr
17.96x5.29x36.51x2.2% 4.83TCr
52.89x1.41x8.94x5.94% 4.23TCr
12.81x1.23x7.02x2.39% 3.49TCr
10.98x3.22x7.98x4.03% 2.61TCr
6.64x0.86x5.72x4.47% 1.99TCr
16.37x - - - 1.84TCr
69.2x12.3x45.58x0.08% 1.74TCr
28.86x2.48x14.04x0.43% 1.76TCr
Average 25.79x 3.55x 16.12x 2.72% 3.54TCr
Weighted average by Cap. 27.09x 3.78x 16.48x 2.71%

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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