Company Valuation: CKD Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 125,624 143,387 201,213 134,881 285,312 340,853 - -
Change - 14.14% 40.33% -32.97% 111.53% 19.47% - -
Enterprise Value (EV) 1 109,006 133,444 210,439 135,349 277,075 325,390 319,600 308,541
Change - 22.42% 57.7% -35.68% 104.71% 17.44% -1.78% -3.46%
P/E 10x 9.7x 24.1x 9.98x 21x 17.2x 14.3x 12.6x
PBR 1.15x 1.2x 1.56x 0.99x 1.86x 2.08x 1.91x 1.77x
PEG - 0.6x -0.6x 0.2x 56.69x 0.4x 0.7x 0.9x
Capitalization / Revenue 0.88x 0.9x 1.5x 0.87x 1.81x 1.73x 1.56x 1.49x
EV / Revenue 0.77x 0.84x 1.57x 0.87x 1.75x 1.65x 1.47x 1.35x
EV / EBITDA 4.58x 4.8x 10.6x 5.29x 10.4x 8.65x 7.52x 6.85x
EV / EBIT 6.1x 6.3x 16x 7.12x 14.1x 10.7x 8.85x 7.91x
EV / FCF 28.6x -76.6x -16.7x 10.3x 23.1x 28.1x 19.3x 17.9x
FCF Yield 3.49% -1.31% -6% 9.69% 4.33% 3.55% 5.18% 5.6%
Dividend per Share 2 67 89 50 80 81 120.9 139.9 155.4
Rate of return 3.55% 4.14% 1.66% 3.96% 1.9% 2.37% 2.74% 3.05%
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% 40.8% 39.1% 38.3%
Net sales 1 142,199 159,457 134,425 155,634 157,886 197,077 217,813 228,012
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 5,100.00 5,100.00 5,100.00
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.($)
17.21x1.65x8.65x2.37% 2.17B
16.12x1.78x9.86x0.85% 19.27B
30.42x6.19x19.44x1.14% 17.35B
82.64x7.16x41.8x0.33% 8.45B
22.44x2.59x16.02x1.28% 7.94B
47.87x4.97x19.49x - 6.14B
15.92x1.21x9.16x4.56% 5.98B
10.84x0.51x4.66x2.83% 3.99B
16.27x2.47x9.06x2.46% 4.02B
7.24x1.02x4.38x4.95% 3.47B
Average 26.70x 2.95x 14.25x 2.31% 7.88B
Weighted average by Cap. 28.88x 3.55x 16.14x 1.65%

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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