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 3,56,225 - -
Change - 14.14% 40.33% -32.97% 111.53% 24.85% - -
Enterprise Value (EV) 1 1,09,006 1,33,444 2,10,439 1,35,349 2,77,075 3,40,762 3,34,972 3,23,913
Change - 22.42% 57.7% -35.68% 104.71% 22.99% -1.7% -3.3%
P/E 10x 9.7x 24.1x 9.98x 21x 18x 14.9x 13.1x
PBR 1.15x 1.2x 1.56x 0.99x 1.86x 2.18x 2x 1.85x
PEG - 0.6x -0.6x 0.2x 56.69x 0.4x 0.7x 1x
Capitalization / Revenue 0.88x 0.9x 1.5x 0.87x 1.81x 1.81x 1.64x 1.56x
EV / Revenue 0.77x 0.84x 1.57x 0.87x 1.75x 1.73x 1.54x 1.42x
EV / EBITDA 4.58x 4.8x 10.6x 5.29x 10.4x 9.06x 7.88x 7.2x
EV / EBIT 6.1x 6.3x 16x 7.12x 14.1x 11.2x 9.28x 8.3x
EV / FCF 28.6x -76.6x -16.7x 10.3x 23.1x 29.5x 20.2x 18.8x
FCF Yield 3.49% -1.31% -6% 9.69% 4.33% 3.39% 4.94% 5.33%
Dividend per Share 2 67 89 50 80 81 116.7 139.9 155.4
Rate of return 3.55% 4.14% 1.66% 3.96% 1.9% 2.19% 2.63% 2.92%
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% 39.4% 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 5,330.00 5,330.00 5,330.00
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.($)
17.99x1.73x9.06x2.19% 222.53Cr
30.69x6.26x19.61x1.07% 1.75TCr
15.51x1.71x9.71x0.88% 1.81TCr
83.49x7.44x42.65x0.34% 857.84Cr
22.43x2.61x16.07x1.26% 800.49Cr
47.12x4.9x19.21x - 604.55Cr
16.09x1.22x9.13x4.52% 609.98Cr
11.71x0.56x5.1x2.62% 435.84Cr
15.93x2.41x8.86x2.51% 386.08Cr
7.73x1.11x4.74x4.64% 369.44Cr
Average 26.87x 3.00x 14.41x 2.23% 784.99Cr
Weighted average by Cap. 29.03x 3.59x 16.30x 1.63%

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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