The Price Is Right For Asahi Kasei Corporation (TSE:3407)
Nov 20
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Japanese (NIKKEI) Materials Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies290
- 7D-1.1%
- 3M-2.7%
- 1Y1.6%
- YTD-0.4%
Over the last 7 days, the Materials industry has dropped 2.3%, driven by a pullback from Nippon Paint Holdings of 6.6%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the Japanese Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | JP¥50.9t | JP¥81.8t | JP¥3.4t | 11.1x | 14.8x | 0.6x |
| Sat, 19 Oct 2024 | JP¥52.4t | JP¥81.1t | JP¥3.6t | 10.8x | 14.4x | 0.6x |
| Mon, 16 Sep 2024 | JP¥50.3t | JP¥81.1t | JP¥3.6t | 10.5x | 13.8x | 0.6x |
| Wed, 14 Aug 2024 | JP¥50.7t | JP¥80.8t | JP¥3.6t | 10.4x | 14.2x | 0.6x |
| Fri, 12 Jul 2024 | JP¥56.6t | JP¥80.0t | JP¥3.5t | 11.8x | 16.3x | 0.7x |
| Sun, 09 Jun 2024 | JP¥54.9t | JP¥80.4t | JP¥3.5t | 11.3x | 15.8x | 0.7x |
| Tue, 07 May 2024 | JP¥55.1t | JP¥80.0t | JP¥3.3t | 12.1x | 16.5x | 0.7x |
| Thu, 04 Apr 2024 | JP¥55.8t | JP¥80.1t | JP¥3.3t | 12.3x | 16.7x | 0.7x |
| Sat, 02 Mar 2024 | JP¥56.2t | JP¥80.0t | JP¥3.3t | 12.2x | 16.9x | 0.7x |
| Mon, 29 Jan 2024 | JP¥53.7t | JP¥81.7t | JP¥3.1t | 12.6x | 17.3x | 0.7x |
| Wed, 27 Dec 2023 | JP¥52.0t | JP¥81.8t | JP¥3.2t | 12x | 16.4x | 0.6x |
| Fri, 24 Nov 2023 | JP¥52.2t | JP¥81.8t | JP¥3.2t | 12.2x | 16.4x | 0.6x |
| Sun, 22 Oct 2023 | JP¥47.9t | JP¥82.2t | JP¥3.3t | 11.9x | 14.6x | 0.6x |
| Tue, 19 Sep 2023 | JP¥51.8t | JP¥82.2t | JP¥3.3t | 12.3x | 15.7x | 0.6x |
| Thu, 17 Aug 2023 | JP¥48.7t | JP¥82.2t | JP¥3.3t | 11.4x | 14.8x | 0.6x |
| Sat, 15 Jul 2023 | JP¥48.1t | JP¥82.3t | JP¥3.7t | 11.1x | 12.9x | 0.6x |
| Mon, 12 Jun 2023 | JP¥47.3t | JP¥82.3t | JP¥3.7t | 10.7x | 12.7x | 0.6x |
| Wed, 10 May 2023 | JP¥45.8t | JP¥81.6t | JP¥4.2t | 10.2x | 11x | 0.6x |
| Fri, 07 Apr 2023 | JP¥43.7t | JP¥81.3t | JP¥4.3t | 9.8x | 10.2x | 0.5x |
| Sun, 05 Mar 2023 | JP¥45.5t | JP¥81.3t | JP¥4.3t | 9.9x | 10.6x | 0.6x |
| Tue, 31 Jan 2023 | JP¥43.2t | JP¥79.3t | JP¥4.9t | 9.1x | 8.8x | 0.5x |
| Thu, 29 Dec 2022 | JP¥40.1t | JP¥79.0t | JP¥4.8t | 8.7x | 8.3x | 0.5x |
| Sat, 26 Nov 2022 | JP¥42.5t | JP¥79.0t | JP¥4.8t | 9.1x | 8.8x | 0.5x |
| Mon, 24 Oct 2022 | JP¥38.8t | JP¥76.0t | JP¥5.0t | 8.6x | 7.7x | 0.5x |
| Wed, 21 Sep 2022 | JP¥41.4t | JP¥75.9t | JP¥5.0t | 9x | 8.3x | 0.5x |
| Fri, 19 Aug 2022 | JP¥42.4t | JP¥75.9t | JP¥5.0t | 8.8x | 8.5x | 0.6x |
| Sun, 17 Jul 2022 | JP¥39.8t | JP¥72.8t | JP¥4.7t | 8.8x | 8.5x | 0.5x |
| Tue, 14 Jun 2022 | JP¥42.0t | JP¥72.8t | JP¥4.7t | 8.9x | 9x | 0.6x |
| Thu, 12 May 2022 | JP¥41.6t | JP¥71.4t | JP¥4.7t | 8.7x | 8.8x | 0.6x |
| Sat, 09 Apr 2022 | JP¥41.9t | JP¥69.8t | JP¥4.4t | 8.6x | 9.5x | 0.6x |
| Mon, 07 Mar 2022 | JP¥41.4t | JP¥69.7t | JP¥4.4t | 8.8x | 9.4x | 0.6x |
| Wed, 02 Feb 2022 | JP¥42.3t | JP¥67.0t | JP¥4.0t | 9.3x | 10.6x | 0.6x |
| Fri, 31 Dec 2021 | JP¥44.3t | JP¥66.7t | JP¥3.9t | 9.6x | 11.3x | 0.7x |
| Sun, 28 Nov 2021 | JP¥43.7t | JP¥66.7t | JP¥3.9t | 9.5x | 11.2x | 0.7x |
Price to Earnings Ratio
11.2x
Current Industry PE
- Investors are optimistic on the Japanese Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.9x which is higher than its 3-year average PE of 12.4x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 4.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Japanese Materials sector?
| JP Market | -0.44% | |
| Materials | -1.08% | |
| Paper and Forestry Products | 1.24% | |
| Basic Materials | 1.17% | |
| Metals and Mining | 0.27% | |
| Packaging | -1.12% | |
| Chemicals | -1.58% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 16.5x.
- Analysts are expecting annual earnings growth of 13.2%, which is lower than the prior year's growth of 16.1% per year.
- Investors are most pessimistic about the Metals and Mining industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.6x.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Packaging industry is expected to see its earnings grow by 7.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 5401 Nippon Steel | JP¥3.11k | 1.5% +JP¥47.0b | -9.7% | PE6.6x | |
| 5713 Sumitomo Metal Mining | JP¥3.86k | 4.2% +JP¥42.9b | -13.9% | PE15.8x | |
| 3402 Toray Industries | JP¥922.00 | 2.2% +JP¥31.6b | 18.8% | PE30.4x | |
| 5233 Taiheiyo Cement | JP¥3.58k | 7.7% +JP¥29.7b | 30.3% | PE6.9x | |
| 4182 Mitsubishi Gas Chemical Company | JP¥2.86k | 3.9% +JP¥21.5b | 26.2% | PE17.7x |
