Company Valuation: DIC Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 274,123 220,164 262,350 320,406 345,867 430,257 - -
Change - -19.68% 19.16% 22.13% 7.95% 24.4% - -
Enterprise Value (EV) 1 614,881 666,113 703,775 742,869 735,231 813,584 761,443 747,247
Change - 8.33% 5.65% 5.55% -1.03% 10.66% -6.41% -1.86%
P/E 62.8x 12.5x -6.58x 15x 10.7x 11.3x 12.3x 10.6x
PBR 0.79x 0.57x 0.72x 0.8x 0.73x 0.9x 0.84x 0.75x
PEG - 0x 0x -0x 0.2x 0.6x -1.42x 0.6x
Capitalization / Revenue 0.32x 0.21x 0.25x 0.3x 0.33x 0.38x 0.38x 0.37x
EV / Revenue 0.72x 0.63x 0.68x 0.69x 0.7x 0.72x 0.66x 0.64x
EV / EBITDA 7.59x 7.53x 9.91x 7.55x 6.86x 6.92x 6.37x 5.89x
EV / EBIT 14.3x 16.8x 39.2x 16.7x 14.1x 13x 12x 10.8x
EV / FCF -5.98x -16x 21.5x 787x 22.8x 31.6x 9.72x 17.7x
FCF Yield -16.7% -6.24% 4.65% 0.13% 4.38% 3.16% 10.3% 5.65%
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% 3.89% 4.77% 3.96%
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 4,544.00 4,544.00 4,544.00
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.($)
11.27x0.72x6.92x3.89% 2.63B
13.54x - - 4.68% 6.36B
14.32x - - 2.35% 2.15B
10.4x0.63x6.56x2.69% 1.3B
678.9x - - 0.45% 827M
11.43x0.48x6.95x4.03% 739M
Average 123.31x 0.61x 6.81x 3.02% 2.33B
Weighted average by Cap. 52.12x 0.66x 6.83x 3.71%

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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