Company Valuation: Daicel Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 241,595 285,636 417,587 344,009 314,941 368,660 - -
Change - 18.23% 46.2% -17.62% -8.45% 17.06% - -
Enterprise Value (EV) 1 431,569 509,628 644,194 559,786 550,381 624,828 630,378 634,429
Change - 18.09% 26.4% -13.1% -1.68% 13.53% 0.89% 0.64%
P/E 7.85x 7.2x 7.66x 7.15x 31.6x 11.3x 10x 8.4x
PBR 0.89x 0.97x 1.16x 0.96x 0.88x 0.99x 0.94x 0.88x
PEG - 0.2x 0.2x -0.88x -0.4x 0x 0.8x 0.4x
Capitalization / Revenue 0.52x 0.53x 0.75x 0.59x 0.54x 0.6x 0.58x 0.55x
EV / Revenue 0.92x 0.95x 1.15x 0.95x 0.95x 1.02x 1x 0.95x
EV / EBITDA 5.47x 6.44x 6.71x 5.47x 6.44x 7.13x 6.49x 5.78x
EV / EBIT 8.51x 10.7x 10.3x 9.18x 13.1x 14.3x 13.2x 11.5x
EV / FCF -122x -17.3x -884x 23.4x 27.3x 24.4x 17.9x 21.5x
FCF Yield -0.82% -5.78% -0.11% 4.28% 3.66% 4.1% 5.58% 4.65%
Dividend per Share 2 34 38 50 60 60 69.5 76 81.86
Rate of return 4.16% 3.8% 3.3% 4.62% 4.9% 4.81% 5.26% 5.67%
EPS 2 104.1 138.9 197.6 181.4 38.75 128.2 144.1 171.8
Distribution rate 32.6% 27.4% 25.3% 33.1% 155% 54.2% 52.8% 47.6%
Net sales 1 467,937 538,026 558,056 586,531 579,629 612,738 631,412 664,457
EBITDA 1 78,892 79,083 96,037 102,400 85,412 87,574 97,202 109,733
EBIT 1 50,697 47,508 62,393 61,011 42,069 43,800 47,700 55,229
Net income 1 31,254 40,682 55,834 49,480 10,180 32,462 35,962 41,986
Net Debt 1 189,974 223,992 226,607 215,777 235,440 256,168 261,717 265,768
Reference price 2 817.00 1,000.00 1,514.00 1,297.50 1,225.50 1,443.50 1,443.50 1,443.50
Nbr of stocks (in thousands) 295,709 285,636 275,817 265,132 256,990 255,393 - -
Announcement Date 5/11/22 A 5/11/23 A 5/9/24 A 5/13/25 A 5/12/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.26x1.02x7.13x4.81% 2.32B
27.17x4.21x13.56x2.13% 122B
17.47x5.62x27.94x3.94% 59.28B
62.79x1.29x8.48x6.15% 37.71B
11.07x1.18x6.38x2.99% 32.37B
9.23x3.01x7.07x4.7% 24.18B
8.28x0.84x5.18x4.59% 19.44B
15.89x0.77x5.73x1.94% 18.68B
69.23x12.52x45.52x0.07% 18.36B
9.46x0.98x7.57x4.51% 16.93B
Average 24.19x 3.14x 13.46x 3.58% 35.09B
Weighted average by Cap. 26.23x 3.66x 14.79x 3.28%

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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