Company Valuation: TOKAI Corp.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 60,694 69,713 77,103 70,684 75,946 76,686 - -
Change - 14.86% 10.6% -8.33% 7.44% 0.98% - -
Enterprise Value (EV) 1 27,258 35,015 47,242 45,942 54,043 53,586 50,758 47,860
Change - 28.46% 34.92% -2.75% 17.63% -0.84% -5.28% -5.71%
P/E 10.5x 11.4x 13.3x 15x 13.2x 12.2x 11.4x 10.6x
PBR 0.79x 0.85x 0.89x 0.83x 0.91x 0.84x 0.8x 0.77x
PEG - 2.09x -2.77x -1x 0.4x 1.23x 1.62x 1.48x
Capitalization / Revenue 0.49x 0.54x 0.56x 0.47x 0.48x 0.46x 0.45x 0.43x
EV / Revenue 0.22x 0.27x 0.34x 0.31x 0.34x 0.32x 0.3x 0.27x
EV / EBITDA 2.23x 2.88x 3.7x 3.46x 3.72x 3.8x 3.44x 3.09x
EV / EBIT 3.3x 4.46x 5.85x 5.6x 5.76x 5.93x 5.31x 4.74x
EV / FCF 8.03x 14.9x -38.7x 8.1x 7.5x 6.6x 7.84x 7.04x
FCF Yield 12.5% 6.73% -2.58% 12.3% 13.3% 15.2% 12.7% 14.2%
Dividend per Share 2 42 60 58 58 68 82 86.5 92
Rate of return 2.44% 3.03% 2.65% 2.78% 2.77% 3.3% 3.48% 3.71%
EPS 2 164.4 173.4 165 139.1 185.6 204 218.4 234
Distribution rate 25.5% 34.6% 35.1% 41.7% 36.6% 40.2% 39.6% 39.3%
Net sales 1 123,484 130,184 138,222 149,542 159,664 165,900 171,250 176,885
EBITDA 1 12,205 12,144 12,762 13,297 14,522 14,108 14,774 15,468
EBIT 1 8,252 7,855 8,082 8,205 9,382 9,038 9,552 10,098
Net income 1 5,806 6,106 5,810 4,733 6,069 6,212 6,546 6,902
Net Debt 1 -33,436 -34,698 -29,861 -24,742 -21,903 -23,100 -25,928 -28,826
Reference price 2 1,724.00 1,979.00 2,190.00 2,090.00 2,459.00 2,483.00 2,483.00 2,483.00
Nbr of stocks (in thousands) 35,206 35,227 35,207 33,820 30,885 30,885 - -
Announcement Date 09/05/22 11/05/23 10/05/24 09/05/25 12/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.17x0.32x3.8x3.3% 469M
43.16x7.71x27.84x0.83% 84.42B
41.08x4.79x15.62x1.11% 21.68B
31.1x1.29x12.94x1.04% 15.97B
18.97x2.04x10.1x3.69% 13.66B
25.21x2.84x12.17x2.97% 11.92B
24.05x3.35x12.91x2.41% 7.55B
15.26x0.67x9.52x1.37% 6.95B
45.25x2.05x15.95x0.45% 5.38B
9.07x1.04x5.49x2.33% 5.45B
Average 26.53x 2.61x 12.64x 1.95% 17.34B
Weighted average by Cap. 35.61x 5.10x 19.95x 1.39%

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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