Company Valuation: NGK Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 546,259 536,587 607,763 537,966 1,143,525 1,566,352 - -
Change - -1.77% 13.26% -11.48% 112.56% 36.98% - -
Enterprise Value (EV) 1 612,967 575,236 624,387 526,338 1,065,239 1,438,919 1,378,158 1,314,129
Change - -6.16% 8.54% -15.7% 102.39% 35.08% -4.22% -4.65%
P/E 7.74x 9.87x 15.3x 9.87x 19.3x 17.3x 16.4x 15.1x
PBR 0.94x 0.84x 0.87x 0.75x 1.41x 1.87x 1.75x 1.64x
PEG - -0.5x -0.6x 0.3x 1.8x 0.3x 2.9x 1.84x
Capitalization / Revenue 1.07x 0.96x 1.05x 0.87x 1.71x 2.15x 2.04x 1.95x
EV / Revenue 1.2x 1.03x 1.08x 0.85x 1.59x 1.97x 1.79x 1.63x
EV / EBITDA 4.62x 4.77x 5.07x 3.8x 6.99x 7.94x 7.11x 6.32x
EV / EBIT 7.34x 8.62x 9.4x 6.48x 11.2x 12.1x 10.7x 9.47x
EV / FCF 12.6x 12.5x 12x 11x 17.5x 21.1x 21.8x 18.4x
FCF Yield 7.92% 7.99% 8.31% 9.09% 5.71% 4.73% 4.59% 5.43%
Dividend per Share 2 63 66 50 60 80 107.7 112 119.7
Rate of return 3.59% 3.77% 2.45% 3.27% 2.01% 1.93% 2.01% 2.15%
EPS 2 226.6 177.5 133.6 186 206.3 321.5 339.7 367.6
Distribution rate 27.8% 37.2% 37.4% 32.3% 38.8% 33.5% 33% 32.6%
Net sales 1 510,439 559,240 578,913 619,513 670,125 728,613 769,643 804,750
EBITDA 1 132,797 120,490 123,203 138,494 152,484 181,212 193,840 207,950
EBIT 1 83,527 66,761 66,397 81,241 94,997 119,052 128,900 138,833
Net income 1 70,851 55,048 40,562 54,933 59,936 91,573 96,282 103,217
Net Debt 1 66,708 38,649 16,624 -11,628 -78,286 -127,433 -188,194 -252,223
Reference price 2 1,753.00 1,752.00 2,040.00 1,835.50 3,977.00 5,567.00 5,567.00 5,567.00
Nbr of stocks (in thousands) 311,614 306,271 297,923 293,090 287,534 281,364 - -
Announcement Date 28/04/22 28/04/23 26/04/24 28/04/25 30/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.14x1.95x7.85x1.95% 9.78B
37.6x6.43x23.87x0.72% 129B
27.6x5.09x17.73x2.18% 35.7B
22.2x1.9x13.62x2.11% 32.28B
32.02x4.25x16.06x0.11% 31.48B
22.25x3.67x11.62x1.51% 28.13B
108.39x38.98x89.15x0.33% 26.82B
22.35x3.24x13.96x1.05% 27.26B
25.38x3.09x13.31x1.49% 27.13B
25.51x3.21x15.68x1.77% 23.96B
Average 34.04x 7.18x 22.28x 1.32% 37.16B
Weighted average by Cap. 35.45x 7.06x 23.06x 1.14%

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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