Company Valuation: Adeka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 278,533 231,588 329,268 273,567 354,519 448,611 - -
Change - -16.85% 42.18% -16.92% 29.59% 26.54% - -
Enterprise Value (EV) 1 247,842 201,823 301,376 221,994 311,436 404,211 392,878 380,878
Change - -18.57% 49.33% -26.34% 40.29% 29.79% -2.8% -3.05%
P/E 11.7x 13.8x 14.3x 11x 13x 14.6x 14.1x 12.7x
PBR 1.11x 0.89x 1.15x 0.92x 1.13x 1.38x 1.32x 1.23x
PEG - -0.5x 0.4x 1.2x 1x 1x 4.66x 1.2x
Capitalization / Revenue 0.77x 0.57x 0.82x 0.67x 0.85x 0.99x 0.96x 0.92x
EV / Revenue 0.68x 0.5x 0.75x 0.55x 0.75x 0.89x 0.84x 0.78x
EV / EBITDA 4.9x 4.17x 5.74x 3.79x 5.15x 5.88x 5.53x 4.92x
EV / EBIT 7.1x 6.24x 8.51x 5.41x 7.49x 8.74x 7.91x 7.05x
EV / FCF 24.7x -89x 16x 8.06x 16.4x 28.1x 14.1x 11.6x
FCF Yield 4.05% -1.12% 6.27% 12.4% 6.08% 3.56% 7.11% 8.65%
Dividend per Share 2 70 70 90 100 112 126.6 130 143.4
Rate of return 2.59% 3.1% 2.79% 3.72% 3.1% 2.74% 2.81% 3.1%
EPS 2 230.2 163.3 224.9 245.6 278 317.8 327.4 363.1
Distribution rate 30.4% 42.9% 40% 40.7% 40.3% 39.8% 39.7% 39.5%
Net sales 1 363,034 403,343 399,770 407,100 416,500 452,853 468,403 485,600
EBITDA 1 50,547 48,372 52,493 58,565 60,449 68,733 71,088 77,367
EBIT 1 34,927 32,369 35,428 41,000 41,600 46,271 49,686 54,040
Net income 1 23,744 16,778 22,977 25,019 27,866 30,880 32,667 35,320
Net Debt 1 -30,691 -29,765 -27,892 -51,573 -43,083 -44,400 -55,733 -67,733
Reference price 2 2,704.00 2,258.00 3,224.00 2,689.00 3,610.00 4,626.00 4,626.00 4,626.00
Nbr of stocks (in thousands) 103,008 102,564 102,130 101,736 98,205 96,976 - -
Announcement Date 13/05/22 12/05/23 14/05/24 14/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.57x0.89x5.89x2.73% 2.83B
27.83x4.31x13.84x2.08% 127B
17.68x6.36x34.58x2.72% 59.3B
58.23x1.35x9.51x5.96% 39.55B
12.24x1.24x6.71x2.76% 35.02B
10.01x3.24x7.61x4.34% 26.2B
9.1x0.9x5.52x4.15% 21.5B
19.51x0.86x6.56x1.19% 20.45B
10.95x1x8.05x3.83% 19.26B
72.62x13.18x47.94x0.07% 19.73B
Average 25.27x 3.33x 14.62x 2.98% 37.11B
Weighted average by Cap. 26.58x 3.84x 16.15x 2.88%

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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