Company Valuation: CKD Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,25,624 1,43,387 2,01,213 1,34,881 2,85,312 3,32,499 - -
Change - 14.14% 40.33% -32.97% 111.53% 16.54% - -
Enterprise Value (EV) 1 1,09,006 1,33,444 2,10,439 1,35,349 2,77,075 3,17,036 3,11,246 3,00,187
Change - 22.42% 57.7% -35.68% 104.71% 14.42% -1.83% -3.55%
P/E 10x 9.7x 24.1x 9.98x 21x 16.8x 13.9x 12.3x
PBR 1.15x 1.2x 1.56x 0.99x 1.86x 2.03x 1.86x 1.73x
PEG - 0.6x -0.6x 0.2x 56.69x 0.4x 0.7x 0.9x
Capitalization / Revenue 0.88x 0.9x 1.5x 0.87x 1.81x 1.69x 1.53x 1.46x
EV / Revenue 0.77x 0.84x 1.57x 0.87x 1.75x 1.61x 1.43x 1.32x
EV / EBITDA 4.58x 4.8x 10.6x 5.29x 10.4x 8.43x 7.32x 6.67x
EV / EBIT 6.1x 6.3x 16x 7.12x 14.1x 10.4x 8.62x 7.69x
EV / FCF 28.6x -76.6x -16.7x 10.3x 23.1x 27.4x 18.8x 17.4x
FCF Yield 3.49% -1.31% -6% 9.69% 4.33% 3.65% 5.32% 5.75%
Dividend per Share 2 67 89 50 80 81 120.9 139.9 155.4
Rate of return 3.55% 4.14% 1.66% 3.96% 1.9% 2.43% 2.81% 3.12%
EPS 2 188.6 221.8 124.9 202.5 203.2 296.3 357.5 405.7
Distribution rate 35.5% 40.1% 40% 39.5% 39.9% 40.8% 39.1% 38.3%
Net sales 1 1,42,199 1,59,457 1,34,425 1,55,634 1,57,886 1,97,077 2,17,813 2,28,012
EBITDA 1 23,789 27,796 19,928 25,586 26,633 37,603 42,493 45,016
EBIT 1 17,879 21,170 13,113 19,018 19,640 30,463 36,103 39,012
Net income 1 12,567 14,788 8,338 13,520 13,578 21,088 24,690 26,776
Net Debt 1 -16,618 -9,943 9,226 468 -8,237 -15,463 -21,253 -32,312
Reference price 2 1,885.00 2,150.00 3,015.00 2,020.00 4,270.00 4,975.00 4,975.00 4,975.00
Nbr of stocks (in thousands) 66,644 66,692 66,737 66,773 66,818 66,834 - -
Announcement Date 13/05/22 12/05/23 10/05/24 13/05/25 15/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.72x1.6x8.4x2.44% 214.24Cr
15.38x1.7x9.5x0.89% 1.87TCr
30.1x6.15x19.26x1.15% 1.72TCr
75.78x6.51x38.01x0.36% 773.17Cr
20.61x2.36x14.63x1.39% 729.21Cr
46.46x4.84x18.96x - 596.11Cr
15.64x1.2x9.03x4.65% 591.08Cr
10.88x0.51x4.68x2.82% 403.25Cr
15.17x2.29x8.4x2.63% 380.7Cr
7.35x1.04x4.46x4.88% 352.02Cr
Average 25.41x 2.82x 13.53x 2.36% 762.46Cr
Weighted average by Cap. 27.19x 3.39x 15.21x 1.71%

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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