Company Valuation: NOF Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 413,070 499,336 498,345 474,805 702,176 623,076 - -
Change - 20.88% -0.2% -4.72% 47.89% -11.26% - -
Enterprise Value (EV) 1 333,269 411,659 411,766 392,055 618,951 560,079 544,930 527,634
Change - 23.52% 0.03% -4.79% 57.87% -9.51% -2.7% -3.17%
P/E 15.5x 14.8x 14.8x 13.1x 17.6x 15.3x 13.2x 12.5x
PBR 1.87x 2.08x 1.88x 1.69x 2.38x 2.03x 1.86x 1.75x
PEG - 0.5x 9.51x 1.46x 1.2x 5x 0.9x 2.23x
Capitalization / Revenue 2.14x 2.29x 2.24x 1.99x 2.72x 2.03x 1.91x 2.02x
EV / Revenue 1.73x 1.89x 1.85x 1.65x 2.4x 1.83x 1.67x 1.71x
EV / EBITDA 8.03x 8.76x 8.39x 7.36x 8.9x 5.83x 4.62x 6.3x
EV / EBIT 9.36x 10.1x 9.77x 8.65x 13.1x 10.7x 9.06x 8.91x
EV / FCF 17.9x 18.2x 36.5x 37x - 40.3x 23.9x 12.2x
FCF Yield 5.59% 5.5% 2.74% 2.7% - 2.48% 4.19% 8.17%
Dividend per Share 2 30 36 38 45 61 67.75 72 77.5
Rate of return 1.79% 1.75% 1.82% 2.23% 1.97% 2.44% 2.6% 2.8%
EPS 2 107.9 139 141.2 153.9 176.3 181.7 209.6 221.4
Distribution rate 27.8% 25.9% 26.9% 29.2% 34.6% 37.3% 34.3% 35%
Net sales 1 192,642 217,709 222,252 238,310 257,967 306,400 326,083 309,000
EBITDA 1 41,504 46,983 49,081 53,273 69,527 96,150 117,975 83,700
EBIT 1 35,595 40,624 42,142 45,308 47,411 52,500 60,150 59,250
Net income 1 26,690 33,973 33,990 36,497 40,550 41,143 46,567 46,600
Net Debt 1 -79,801 -87,677 -86,579 -82,750 -83,225 -62,998 -78,146 -95,442
Reference price 2 1,673.33 2,056.67 2,085.50 2,020.00 3,101.00 2,772.50 2,772.50 2,772.50
Nbr of stocks (in thousands) 246,855 242,789 238,957 235,052 226,435 224,734 - -
Announcement Date 11/05/22 11/05/23 09/05/24 09/05/25 11/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.26x1.83x5.83x2.44% 3.91B
26.59x4.2x13.49x2.18% 125B
13.88x5.97x33.61x2.67% 46.86B
59.17x1.38x9.67x5.87% 40.19B
11.61x1.21x6.66x2.79% 33.94B
9.61x3.12x7.33x4.52% 25.15B
9.07x0.87x5.38x4.41% 20.21B
10.9x1.02x8.03x3.84% 19.17B
18.26x0.79x6.33x1.37% 18.83B
69.8x12.67x46.09x0.07% 18.79B
Average 24.41x 3.30x 14.24x 3.02% 35.17B
Weighted average by Cap. 25.83x 3.62x 15.15x 2.96%

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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