Company Valuation: Adeka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,24,316 2,78,533 2,31,588 3,29,268 2,73,567 3,84,025 - -
Change - 24.17% -16.85% 42.18% -16.92% 40.38% - -
Enterprise Value (EV) 1 1,95,536 2,47,842 2,01,823 3,01,376 2,21,994 3,44,125 3,39,925 3,27,375
Change - 26.75% -18.57% 49.33% -26.34% 55.02% -1.22% -3.69%
P/E Ratio 13.7x 11.7x 13.8x 14.3x 11x 13x 13.2x 12.2x
PBR 0.98x 1.11x 0.89x 1.15x 0.92x 1.13x 1.2x 1.14x
PEG - 0.3x -0.5x 0.4x 1.2x 1x 0.9x 1.49x
Capitalization / Revenue 0.69x 0.77x 0.57x 0.82x 0.67x 0.85x 0.86x 0.83x
EV / Revenue 0.6x 0.68x 0.5x 0.75x 0.55x 0.82x 0.76x 0.71x
EV / EBITDA 4.44x 4.9x 4.17x 5.74x 3.79x 5.67x 5.09x 4.67x
EV / EBIT 6.75x 7.1x 6.24x 8.51x 5.41x 8.21x 7.26x 6.53x
EV / FCF 8.67x 24.7x -89x 16x 8.06x 14.5x 20x 12.5x
FCF Yield 11.5% 4.05% -1.12% 6.27% 12.4% 5.34% 5% 8%
Dividend per Share 2 48 70 70 90 100 112 123.8 130.3
Rate of return 2.21% 2.59% 3.1% 2.79% 3.72% 3.1% 3.13% 3.29%
EPS 2 159 230.2 163.3 224.9 245.6 278 299.2 323.8
Distribution rate 30.2% 30.4% 42.9% 40% 40.7% 40.3% 41.4% 40.3%
Net sales 1 3,27,080 3,63,034 4,03,343 3,99,770 4,07,100 4,16,500 4,47,929 4,61,800
EBITDA 1 44,048 50,547 48,372 52,493 58,565 60,733 66,800 70,040
EBIT 1 28,979 34,927 32,369 35,428 41,000 41,600 46,825 50,100
Net income 1 16,419 23,744 16,778 22,977 25,019 27,866 29,260 31,940
Net Debt 1 -28,780 -30,691 -29,765 -27,892 -51,573 -39,900 -44,100 -56,650
Reference price 2 2,172.00 2,704.00 2,258.00 3,224.00 2,689.00 3,960.00 3,960.00 3,960.00
Nbr of stocks (in thousands) 1,03,276 1,03,008 1,02,564 1,02,130 1,01,736 96,976 - -
Announcement Date 13/05/21 13/05/22 12/05/23 14/05/24 14/05/25 14/05/26 - -
1JPY in Million2JPY
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.27x0.82x5.67x2.64% 239.73Cr
27.08x4.18x13.49x2.08% 12TCr
39.36x1.4x8.55x5.68% 4.42TCr
12.11x1.2x6.69x2.53% 3.32TCr
12.23x3.05x17.93x4.11% 2.67TCr
10.75x3.1x7.69x4.16% 2.48TCr
6.43x0.86x5.32x4.28% 2.08TCr
21.23x3.11x12.54x0.56% 2.06TCr
32.74x2.59x14.73x0.39% 1.92TCr
16.37x - - - 1.84TCr
Average 19.36x 2.26x 10.29x 2.94% 3.34TCr
Weighted average by Cap. 22.82x 2.88x 11.42x 2.91%

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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