DAICEL CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,529 JPY | -0.71% |
|
-0.39% | +11.93% |
| Jul. 05 | Daicel Plans 233 Million Yen Treasury Stock Disposal for Executive Compensation | MT |
| Jul. 05 | Daicel Plans Stock Disposal for Employee Incentives | MT |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 247,353 | 256,736 | 241,595 | 285,636 | 417,587 | 421,723 | - | - |
| Enterprise Value (EV) 1 | 255,411 | 432,798 | 431,569 | 509,628 | 644,194 | 632,541 | 605,482 | 574,798 |
| P/E ratio | 50.9 x | 13.1 x | 7.85 x | 7.2 x | 7.66 x | 7.23 x | 6.88 x | 5.79 x |
| Yield | 4.31% | 3.76% | 4.16% | 3.8% | 3.3% | 3.58% | 3.98% | 4.57% |
| Capitalization / Revenue | 0.6 x | 0.65 x | 0.52 x | 0.53 x | 0.75 x | 0.69 x | 0.66 x | 0.62 x |
| EV / Revenue | 0.62 x | 1.1 x | 0.92 x | 0.95 x | 1.15 x | 1.04 x | 0.94 x | 0.84 x |
| EV / EBITDA | 4.33 x | 7.38 x | 5.47 x | 6.44 x | 6.71 x | 5.5 x | 4.8 x | 4.21 x |
| EV / FCF | 26.5 x | 18.3 x | -122 x | -17.3 x | -884 x | 20.6 x | 12.9 x | 12.6 x |
| FCF Yield | 3.77% | 5.46% | -0.82% | -5.78% | -0.11% | 4.85% | 7.76% | 7.96% |
| Price to Book | 0.68 x | 1.08 x | 0.89 x | 0.97 x | 1.16 x | 1.05 x | 0.94 x | 0.85 x |
| Nbr of stocks (in thousands) | 313,502 | 301,333 | 295,709 | 285,636 | 275,817 | 275,816 | - | - |
| Reference price 2 | 789.0 | 852.0 | 817.0 | 1,000 | 1,514 | 1,529 | 1,529 | 1,529 |
| Announcement Date | 5/27/20 | 5/12/21 | 5/11/22 | 5/11/23 | 5/9/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 412,826 | 393,568 | 467,937 | 538,026 | 558,056 | 609,925 | 643,238 | 681,120 |
| EBITDA 1 | 59,040 | 58,634 | 78,892 | 79,083 | 96,037 | 115,112 | 126,045 | 136,525 |
| EBIT 1 | 29,644 | 31,723 | 50,697 | 47,508 | 62,393 | 67,862 | 75,788 | 88,380 |
| Operating Margin | 7.18% | 8.06% | 10.83% | 8.83% | 11.18% | 11.13% | 11.78% | 12.98% |
| Earnings before Tax (EBT) 1 | 16,656 | 33,040 | 46,283 | 54,967 | 76,032 | 83,400 | 89,533 | 95,667 |
| Net income 1 | 4,978 | 19,713 | 31,254 | 40,682 | 55,834 | 57,529 | 59,400 | 68,200 |
| Net margin | 1.21% | 5.01% | 6.68% | 7.56% | 10.01% | 9.43% | 9.23% | 10.01% |
| EPS 2 | 15.49 | 65.18 | 104.1 | 138.9 | 197.6 | 211.4 | 222.2 | 263.9 |
| Free Cash Flow 1 | 9,625 | 23,649 | -3,535 | -29,461 | -729 | 30,654 | 47,000 | 45,750 |
| FCF margin | 2.33% | 6.01% | -0.76% | -5.48% | -0.13% | 5.03% | 7.31% | 6.72% |
| FCF Conversion (EBITDA) | 16.3% | 40.33% | - | - | - | 26.63% | 37.29% | 33.51% |
| FCF Conversion (Net income) | 193.35% | 119.97% | - | - | - | 53.28% | 79.12% | 67.08% |
| Dividend per Share 2 | 34.00 | 32.00 | 34.00 | 38.00 | 50.00 | 54.75 | 60.88 | 69.80 |
| Announcement Date | 5/27/20 | 5/12/21 | 5/11/22 | 5/11/23 | 5/9/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 202,145 | 175,346 | 218,222 | 224,817 | 118,162 | 124,958 | 243,120 | 127,981 | 138,219 | 266,200 | 138,281 | 133,513 | 271,794 | 130,800 | 140,200 | 271,000 | 143,300 | 143,756 | 287,056 | 147,575 | 154,475 | 300,000 | 157,700 | 158,525 | 320,000 | 159,300 |
| EBITDA | - | - | - | - | - | - | - | - | - | 40,300 | - | - | - | - | - | 41,900 | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 11,786 | 9,107 | 22,616 | 27,259 | 12,022 | 11,416 | 23,438 | 12,989 | 13,011 | 26,000 | 10,540 | 10,942 | 21,482 | 9,100 | 17,500 | 26,600 | 17,900 | 17,893 | 35,793 | 16,100 | 18,025 | 33,500 | 17,200 | 17,400 | 36,500 | 17,500 |
| Operating Margin | 5.83% | 5.19% | 10.36% | 12.12% | 10.17% | 9.14% | 9.64% | 10.15% | 9.41% | 9.77% | 7.62% | 8.2% | 7.9% | 6.96% | 12.48% | 9.82% | 12.49% | 12.45% | 12.47% | 10.91% | 11.67% | 11.17% | 10.91% | 10.98% | 11.41% | 10.99% |
| Earnings before Tax (EBT) | - | 8,397 | 24,643 | 29,592 | 3,634 | - | - | 14,603 | - | 32,471 | 9,637 | 12,859 | 22,496 | 20,438 | - | 40,070 | 18,742 | - | - | - | - | - | - | - | - | - |
| Net income 1 | -6,705 | 3,273 | 16,440 | 22,046 | 1,456 | 7,752 | 9,208 | 8,903 | 13,297 | 22,200 | 7,338 | 11,134 | 18,472 | 15,000 | 14,800 | 29,800 | 14,400 | 11,634 | 26,034 | 12,400 | 12,950 | 25,400 | 12,900 | 17,000 | 34,900 | 13,100 |
| Net margin | -3.32% | 1.87% | 7.53% | 9.81% | 1.23% | 6.2% | 3.79% | 6.96% | 9.62% | 8.34% | 5.31% | 8.34% | 6.8% | 11.47% | 10.56% | 11% | 10.05% | 8.09% | 9.07% | 8.4% | 8.38% | 8.47% | 8.18% | 10.72% | 10.91% | 8.22% |
| EPS 2 | - | 10.78 | - | 73.15 | 4.870 | 26.12 | - | 30.11 | 44.97 | 75.08 | 25.10 | 38.69 | - | 52.46 | 51.67 | 104.1 | 51.29 | 42.14 | - | 53.09 | 53.73 | - | 52.56 | 49.57 | - | 48.73 |
| Dividend per Share 2 | - | 16.00 | - | 16.00 | - | - | - | - | - | 18.00 | - | - | - | - | - | 25.00 | - | 25.00 | - | - | 25.00 | - | - | 25.00 | - | - |
| Announcement Date | 5/27/20 | 11/6/20 | 5/12/21 | 11/5/21 | 2/2/22 | 5/11/22 | 5/11/22 | 8/4/22 | 11/2/22 | 11/2/22 | 2/2/23 | 5/11/23 | 5/11/23 | 8/3/23 | 11/2/23 | 11/2/23 | 2/6/24 | 5/9/24 | 5/9/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,058 | 176,062 | 189,974 | 223,992 | 226,607 | 210,818 | 183,759 | 153,075 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.1365 x | 3.003 x | 2.408 x | 2.832 x | 2.36 x | 1.831 x | 1.458 x | 1.121 x |
| Free Cash Flow 1 | 9,625 | 23,649 | -3,535 | -29,461 | -729 | 30,654 | 47,000 | 45,750 |
| ROE (net income / shareholders' equity) | 1.3% | 6.6% | 12.3% | 14.3% | 17.1% | 15.2% | 14.4% | 14.3% |
| ROA (Net income/ Total Assets) | 5.07% | 5.6% | 8.56% | 7.11% | 8.52% | 8.37% | 8.09% | 8.63% |
| Assets 1 | 98,115 | 351,932 | 365,293 | 572,465 | 655,017 | 687,319 | 734,240 | 790,267 |
| Book Value Per Share 2 | 1,167 | 789.0 | 920.0 | 1,034 | 1,301 | 1,458 | 1,624 | 1,806 |
| Cash Flow per Share 2 | 107.0 | 152.0 | 196.0 | 246.0 | 317.0 | 359.0 | 317.0 | - |
| Capex 1 | 47,568 | 39,555 | 40,840 | 56,308 | 77,458 | 57,525 | 53,925 | 57,867 |
| Capex / Sales | 11.52% | 10.05% | 8.73% | 10.47% | 13.88% | 9.43% | 8.38% | 8.5% |
| Announcement Date | 5/27/20 | 5/12/21 | 5/11/22 | 5/11/23 | 5/9/24 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
1,529
JPY
Average target price
1,912
JPY
Spread / Average Target
+25.08%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.93% | 2.67B | |
| -3.57% | 37.21B | |
| -26.35% | 20.28B | |
| -26.89% | 11.33B | |
| +4.02% | 11.3B | |
| +28.48% | 8.81B | |
| -21.91% | 8.75B | |
| -12.15% | 5.47B | |
| -46.00% | 4.09B | |
| -29.31% | 3.35B |
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