Company Valuation: DIC Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 274,123 220,164 262,350 320,406 345,867 450,361 - -
Change - -19.68% 19.16% 22.13% 7.95% 30.21% - -
Enterprise Value (EV) 1 614,881 666,113 703,775 742,869 735,231 835,632 784,647 768,450
Change - 8.33% 5.65% 5.55% -1.03% 13.66% -6.1% -2.06%
P/E 62.8x 12.5x -6.58x 15x 10.7x 10.2x 12.9x 9.79x
PBR 0.79x 0.57x 0.72x 0.8x 0.73x 0.95x 0.87x 0.77x
PEG - 0x 0x -0x 0.2x 0.3x -0.6x 0.3x
Capitalization / Revenue 0.32x 0.21x 0.25x 0.3x 0.33x 0.4x 0.39x 0.38x
EV / Revenue 0.72x 0.63x 0.68x 0.69x 0.7x 0.74x 0.68x 0.66x
EV / EBITDA 7.59x 7.53x 9.91x 7.55x 6.86x 6.93x 6.42x 5.85x
EV / EBIT 14.3x 16.8x 39.2x 16.7x 14.1x 12.7x 11.9x 10.5x
EV / FCF -5.98x -16x 21.5x 787x 22.8x 29.6x 9.7x 15.5x
FCF Yield -16.7% -6.24% 4.65% 0.13% 4.38% 3.38% 10.3% 6.45%
Dividend per Share 2 100 100 80 100 200 175 173.3 175
Rate of return 3.45% 4.3% 2.89% 2.96% 5.47% 3.68% 3.65% 3.68%
EPS 2 46.12 186 -421.1 225.1 341.7 464.7 368.1 485.8
Distribution rate 217% 53.7% -19% 44.4% 58.5% 37.7% 47.1% 36%
Net sales 1 855,400 1,054,201 1,038,736 1,071,127 1,052,194 1,133,133 1,149,200 1,172,650
EBITDA 1 81,000 88,474 71,040 98,452 107,158 120,658 122,258 131,250
EBIT 1 42,900 39,682 17,943 44,521 52,192 65,800 66,133 73,400
Net income 1 4,400 17,610 -39,857 21,313 32,353 43,800 34,850 44,600
Net Debt 1 340,758 445,949 441,425 422,463 389,364 385,271 334,286 318,090
Reference price 2 2,896.00 2,326.00 2,771.50 3,384.00 3,653.00 4,755.00 4,755.00 4,755.00
Nbr of stocks (in thousands) 94,656 94,653 94,660 94,683 94,680 94,713 - -
Announcement Date 18/2/22 14/2/23 13/2/24 12/2/25 16/2/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.31x - - 5.74% 6.13B
10.23x0.74x6.93x3.68% 2.86B
13.01x - - 2.4% 2.14B
10.94x0.7x7.12x2.48% 1.53B
33.22x - - 0.6% 1.03B
11.01x0.49x6.58x3.77% 821M
Average 15.29x 0.64x 6.88x 3.11% 2.42B
Weighted average by Cap. 13.69x 0.69x 6.93x 4.02%

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