Company Valuation: Adeka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 278,533 231,588 329,268 273,567 354,519 375,879 - -
Change - -16.85% 42.18% -16.92% 29.59% 6.03% - -
Enterprise Value (EV) 1 247,842 201,823 301,376 221,994 311,436 330,946 317,512 305,546
Change - -18.57% 49.33% -26.34% 40.29% 6.26% -4.06% -3.77%
P/E 11.7x 13.8x 14.3x 11x 13x 13.2x 12.2x 11.4x
PBR 1.11x 0.89x 1.15x 0.92x 1.13x 1.16x 1.11x 1.04x
PEG - -0.5x 0.4x 1.2x 1x 2.31x 1.54x 1.6x
Capitalization / Revenue 0.77x 0.57x 0.82x 0.67x 0.85x 0.84x 0.81x 0.79x
EV / Revenue 0.68x 0.5x 0.75x 0.55x 0.75x 0.74x 0.69x 0.64x
EV / EBITDA 4.9x 4.17x 5.74x 3.79x 5.15x 4.95x 4.53x 4.06x
EV / EBIT 7.1x 6.24x 8.51x 5.41x 7.49x 7.3x 6.54x 5.93x
EV / FCF 24.7x -89x 16x 8.06x 16.4x 17x 11.6x 9.44x
FCF Yield 4.05% -1.12% 6.27% 12.4% 6.08% 5.89% 8.61% 10.6%
Dividend per Share 2 70 70 90 100 112 121 127.3 135.5
Rate of return 2.59% 3.1% 2.79% 3.72% 3.1% 3.12% 3.28% 3.5%
EPS 2 230.2 163.3 224.9 245.6 278 293.9 317.1 339.7
Distribution rate 30.4% 42.9% 40% 40.7% 40.3% 41.2% 40.1% 39.9%
Net sales 1 363,034 403,343 399,770 407,100 416,500 447,795 461,546 476,375
EBITDA 1 50,547 48,372 52,493 58,565 60,449 66,810 70,040 75,333
EBIT 1 34,927 32,369 35,428 41,000 41,600 45,333 48,586 51,525
Net income 1 23,744 16,778 22,977 25,019 27,866 29,350 31,583 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 3,876.00 3,876.00 3,876.00
Nbr of stocks (in thousands) 103,008 102,564 102,130 101,736 98,205 96,976 - -
Announcement Date 13/5/22 12/5/23 14/5/24 14/5/25 14/5/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.19x0.74x4.95x3.12% 2.3B
27.3x4.28x13.81x2.09% 126B
51.29x1.37x8.67x6.12% 40.99B
14.32x4.29x29.6x2.76% 38.46B
12.59x1.22x6.92x2.43% 34.32B
10.37x3.06x7.57x4.27% 24.65B
6.26x0.83x5.5x4.74% 18.79B
16.36x - - - 18.4B
67.8x12.06x44.66x0.08% 17.28B
10.15x0.89x7.91x3.46% 17B
Average 22.96x 3.19x 14.40x 3.23% 33.77B
Weighted average by Cap. 25.35x 3.49x 14.63x 3.02%

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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