Company Valuation: TDK Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,690,316 1,791,960 2,837,772 2,932,988 3,731,744 6,074,093 - -
Change - 6.01% 58.36% 3.36% 27.23% 62.77% - -
Enterprise Value (EV) 1 1,835,571 2,037,933 2,873,510 2,844,081 3,504,939 5,824,992 5,690,010 5,566,398
Change - 11.02% 41% -1.02% 23.24% 66.19% -2.32% -2.17%
P/E 9.52x 15.7x 22.8x 17.5x 19.1x 23.2x 19.9x 17x
PBR 1.26x 1.23x 1.66x 1.63x 1.71x 2.56x 2.35x 2.13x
PEG - -0.4x 2.5x 0.5x 1.1x 0.7x 1.2x 1x
Capitalization / Revenue 0.89x 0.82x 1.35x 1.33x 1.49x 2.07x 1.92x 1.77x
EV / Revenue 0.97x 0.93x 1.37x 1.29x 1.4x 1.98x 1.8x 1.62x
EV / EBITDA 1.18x 5.43x 7.91x 6.76x 7.35x 9.76x 8.34x 7.28x
EV / EBIT 11x 12.1x 16.6x 12.7x 12.9x 16.9x 14x 11.7x
EV / FCF -17.9x -158x 12.6x 12.9x 16.8x 102x 33.2x 26.2x
FCF Yield -5.59% -0.63% 7.95% 7.75% 5.97% 0.98% 3.02% 3.82%
Dividend per Share 2 15.67 21.2 23.2 30 36 41.35 48.29 54.6
Rate of return 1.76% 2.24% 1.55% 1.94% 1.83% 1.29% 1.51% 1.71%
EPS 2 93.67 60.24 65.74 88.1 103.1 138.1 160.8 188.7
Distribution rate 16.7% 35.2% 35.3% 34.1% 34.9% 29.9% 30% 28.9%
Net sales 1 1,902,124 2,180,817 2,103,876 2,204,806 2,504,820 2,939,122 3,159,578 3,427,295
EBITDA 1 1,549,796 375,112 363,439 420,420 476,607 597,016 682,064 764,855
EBIT 1 166,665 168,827 172,893 224,192 272,415 344,779 405,533 475,331
Net income 1 177,506 114,187 124,687 167,161 195,663 261,452 303,065 356,584
Net Debt 1 145,255 245,973 35,738 -88,907 -226,805 -249,101 -384,083 -507,695
Reference price 2 892.00 945.00 1,496.20 1,546.00 1,966.00 3,200.00 3,200.00 3,200.00
Nbr of stocks (in thousands) 1,894,974 1,896,254 1,896,653 1,897,146 1,898,141 1,898,154 - -
Announcement Date 11/05/22 28/04/23 26/04/24 28/04/25 28/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.58x1.84x9.06x1.39% 36.01B
33.08x6.16x18.8x0.68% 208B
57.26x7.16x24.55x0.76% 132B
34.5x12.27x22.4x0.8% 124B
13.5x0.31x6.8x3.72% 111B
38.91x6.37x20.82x0.9% 90.94B
72.23x7.74x35.81x0.19% 82.3B
25.33x9.09x18.46x0.5% 80.86B
19.41x3.27x12.52x1.38% 61.11B
17.64x1.05x11.79x0.73% 59.59B
Average 33.34x 5.52x 18.10x 1.1% 98.6B
Weighted average by Cap. 35.28x 6.15x 19.09x 1.08%

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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