Company Valuation: Adeka Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 278,533 231,588 329,268 273,567 354,519 401,093 - -
Change - -16.85% 42.18% -16.92% 29.59% 13.14% - -
Enterprise Value (EV) 1 247,842 201,823 301,376 221,994 311,436 356,159 342,726 330,759
Change - -18.57% 49.33% -26.34% 40.29% 14.36% -3.77% -3.49%
P/E 11.7x 13.8x 14.3x 11x 13x 14x 13x 12.2x
PBR 1.11x 0.89x 1.15x 0.92x 1.13x 1.24x 1.18x 1.11x
PEG - -0.5x 0.4x 1.2x 1x 2.13x 1.79x 1.77x
Capitalization / Revenue 0.77x 0.57x 0.82x 0.67x 0.85x 0.9x 0.87x 0.84x
EV / Revenue 0.68x 0.5x 0.75x 0.55x 0.75x 0.8x 0.74x 0.69x
EV / EBITDA 4.9x 4.17x 5.74x 3.79x 5.15x 5.27x 4.89x 4.39x
EV / EBIT 7.1x 6.24x 8.51x 5.41x 7.49x 7.81x 7.04x 6.42x
EV / FCF 24.7x -89x 16x 8.06x 16.4x 18.3x 12.5x 10.2x
FCF Yield 4.05% -1.12% 6.27% 12.4% 6.08% 5.48% 7.98% 9.79%
Dividend per Share 2 70 70 90 100 112 122.2 127.7 135.5
Rate of return 2.59% 3.1% 2.79% 3.72% 3.1% 2.95% 3.09% 3.28%
EPS 2 230.2 163.3 224.9 245.6 278 296.2 317.8 339.7
Distribution rate 30.4% 42.9% 40% 40.7% 40.3% 41.2% 40.2% 39.9%
Net sales 1 363,034 403,343 399,770 407,100 416,500 446,891 460,133 476,375
EBITDA 1 50,547 48,372 52,493 58,565 60,449 67,533 70,020 75,333
EBIT 1 34,927 32,369 35,428 41,000 41,600 45,580 48,667 51,525
Net income 1 23,744 16,778 22,977 25,019 27,866 29,320 31,400 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 4,136.00 4,136.00 4,136.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.96x0.8x5.27x2.95% 2.45B
28.21x4.34x13.99x2.04% 127B
17.96x5.29x36.51x2.2% 48.25B
52.89x1.41x8.94x5.94% 42.27B
12.81x1.23x7.02x2.39% 34.89B
10.98x3.22x7.98x4.03% 26.08B
6.64x0.86x5.72x4.47% 19.92B
16.37x - - - 18.4B
69.2x12.3x45.58x0.08% 17.4B
28.86x2.48x14.04x0.43% 17.62B
Average 25.79x 3.55x 16.12x 2.72% 35.4B
Weighted average by Cap. 27.09x 3.78x 16.48x 2.71%

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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