Company Valuation: DIC Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 274,123 220,164 262,350 320,406 345,867 440,294 - -
Change - -19.68% 19.16% 22.13% 7.95% 27.3% - -
Enterprise Value (EV) 1 614,881 666,113 703,775 742,869 735,231 823,621 771,480 757,284
Change - 8.33% 5.65% 5.55% -1.03% 12.02% -6.33% -1.84%
P/E 62.8x 12.5x -6.58x 15x 10.7x 11.5x 12.6x 10.9x
PBR 0.79x 0.57x 0.72x 0.8x 0.73x 0.92x 0.86x 0.77x
PEG - 0x 0x -0x 0.2x 0.6x -1.45x 0.7x
Capitalization / Revenue 0.32x 0.21x 0.25x 0.3x 0.33x 0.39x 0.38x 0.38x
EV / Revenue 0.72x 0.63x 0.68x 0.69x 0.7x 0.73x 0.67x 0.65x
EV / EBITDA 7.59x 7.53x 9.91x 7.55x 6.86x 7.01x 6.46x 5.97x
EV / EBIT 14.3x 16.8x 39.2x 16.7x 14.1x 13.1x 12.2x 11x
EV / FCF -5.98x -16x 21.5x 787x 22.8x 32x 9.85x 17.9x
FCF Yield -16.7% -6.24% 4.65% 0.13% 4.38% 3.13% 10.2% 5.57%
Dividend per Share 2 100 100 80 100 200 176.7 216.7 180
Rate of return 3.45% 4.3% 2.89% 2.96% 5.47% 3.8% 4.66% 3.87%
EPS 2 46.12 186 -421.1 225.1 341.7 403.1 368.1 428.3
Distribution rate 217% 53.7% -19% 44.4% 58.5% 43.8% 58.9% 42%
Net sales 1 855,400 1,054,201 1,038,736 1,071,127 1,052,194 1,128,167 1,147,033 1,169,400
EBITDA 1 81,000 88,474 71,040 98,452 107,158 117,525 119,492 126,900
EBIT 1 42,900 39,682 17,943 44,521 52,192 62,667 63,367 69,050
Net income 1 4,400 17,610 -39,857 21,313 32,353 38,167 34,850 40,550
Net Debt 1 340,758 445,949 441,425 422,463 389,364 383,327 331,186 316,990
Reference price 2 2,896.00 2,326.00 2,771.50 3,384.00 3,653.00 4,650.00 4,650.00 4,650.00
Nbr of stocks (in thousands) 94,656 94,653 94,660 94,683 94,680 94,687 - -
Announcement Date 2/18/22 A 2/14/23 A 2/13/24 A 2/12/25 A 2/16/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.36x0.72x6.95x3.86% 2.68B
12.56x - - 5.05% 5.9B
11.63x - - 2.9% 1.75B
10.15x0.61x6.41x2.76% 1.29B
711.53x - - 0.43% 874M
11.17x0.47x6.81x4.12% 731M
Average 128.07x 0.60x 6.73x 3.19% 2.2B
Weighted average by Cap. 58.10x 0.65x 6.78x 3.94%

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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