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 5,400,248 - -
Change - 6.01% 58.36% 3.36% 27.23% 44.71% - -
Enterprise Value (EV) 1 1,835,571 2,037,933 2,873,510 2,844,081 3,504,939 5,183,122 5,048,565 4,926,586
Change - 11.02% 41% -1.02% 23.24% 47.88% -2.6% -2.42%
P/E 9.52x 15.7x 22.8x 17.5x 19.1x 20.8x 17.8x 15.2x
PBR 1.26x 1.23x 1.66x 1.63x 1.71x 2.28x 2.1x 1.9x
PEG - -0.4x 2.5x 0.5x 1.1x 0.6x 1.1x 0.9x
Capitalization / Revenue 0.89x 0.82x 1.35x 1.33x 1.49x 1.84x 1.72x 1.58x
EV / Revenue 0.97x 0.93x 1.37x 1.29x 1.4x 1.77x 1.6x 1.45x
EV / EBITDA 1.18x 5.43x 7.91x 6.76x 7.35x 8.69x 7.44x 6.48x
EV / EBIT 11x 12.1x 16.6x 12.7x 12.9x 15.1x 12.6x 10.4x
EV / FCF -17.9x -158x 12.6x 12.9x 16.8x 91.1x 29.4x 23.2x
FCF Yield -5.59% -0.63% 7.95% 7.75% 5.97% 1.1% 3.4% 4.31%
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% 1.45% 1.7% 1.92%
EPS 2 93.67 60.24 65.74 88.1 103.1 136.7 159.6 187.4
Distribution rate 16.7% 35.2% 35.3% 34.1% 34.9% 30.3% 30.3% 29.1%
Net sales 1 1,902,124 2,180,817 2,103,876 2,204,806 2,504,820 2,927,696 3,146,706 3,407,922
EBITDA 1 1,549,796 375,112 363,439 420,420 476,607 596,766 678,512 760,170
EBIT 1 166,665 168,827 172,893 224,192 272,415 342,411 402,149 471,695
Net income 1 177,506 114,187 124,687 167,161 195,663 258,628 300,631 353,970
Net Debt 1 145,255 245,973 35,738 -88,907 -226,805 -217,126 -351,683 -473,662
Reference price 2 892.00 945.00 1,496.20 1,546.00 1,966.00 2,845.00 2,845.00 2,845.00
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 5/11/22 A 4/28/23 A 4/26/24 A 4/28/25 A 4/28/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.81x1.77x8.69x1.45% 34.4B
32.83x11.62x21.21x0.84% 118B
46.21x7.76x33.49x1.59% 52.17B
26.37x1.22x13.92x-.--% 40.08B
29.7x2.14x14.23x1.54% 30.08B
28.84x4.4x17.58x-.--% 27.97B
10.45x5.86x16.25x1.43% 26.01B
30x4.66x18.53x0.76% 17.63B
23.4x2.98x12.49x-.--% 16.4B
32.86x1.69x15.14x0.48% 14.27B
Average 28.15x 4.41x 17.15x 0.81% 37.73B
Weighted average by Cap. 30.27x 6.32x 19.09x 0.89%

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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