Toray Industries, Inc.'s (TSE:3402) P/E Is On The Mark
Jun 14
Japanese (NIKKEI) Chemicals Industry Analysis
UpdatedJun 14, 2024
DataAggregated Company Financials
Companies162
- 7D0.6%
- 3M-2.2%
- 1Y14.9%
- YTD6.0%
In the last week, the Chemicals industry is up 2.0%, with Shin-Etsu Chemical up 2.5%. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Japanese Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Jun 2024 | JP¥39.6t | JP¥41.2t | JP¥1.7t | 12.8x | 22.9x | 1x |
| Sun, 12 May 2024 | JP¥39.5t | JP¥41.0t | JP¥1.8t | 14.2x | 21.5x | 1x |
| Tue, 09 Apr 2024 | JP¥40.2t | JP¥41.0t | JP¥1.7t | 14.3x | 23.9x | 1x |
| Thu, 07 Mar 2024 | JP¥41.1t | JP¥41.0t | JP¥1.7t | 14x | 24.4x | 1x |
| Sat, 03 Feb 2024 | JP¥38.7t | JP¥41.2t | JP¥1.6t | 14.1x | 24.4x | 0.9x |
| Mon, 01 Jan 2024 | JP¥37.8t | JP¥41.4t | JP¥1.7t | 14.1x | 22.8x | 0.9x |
| Wed, 29 Nov 2023 | JP¥36.7t | JP¥41.4t | JP¥1.7t | 14x | 22.1x | 0.9x |
| Fri, 27 Oct 2023 | JP¥32.7t | JP¥42.0t | JP¥1.8t | 13.2x | 17.9x | 0.8x |
| Sun, 24 Sep 2023 | JP¥35.0t | JP¥42.0t | JP¥1.8t | 13.6x | 19.2x | 0.8x |
| Tue, 22 Aug 2023 | JP¥33.8t | JP¥42.0t | JP¥1.8t | 13x | 18.5x | 0.8x |
| Thu, 20 Jul 2023 | JP¥34.7t | JP¥42.5t | JP¥2.1t | 13x | 16.6x | 0.8x |
| Sat, 17 Jun 2023 | JP¥35.2t | JP¥42.5t | JP¥2.1t | 12.8x | 16.8x | 0.8x |
| Mon, 15 May 2023 | JP¥32.0t | JP¥42.3t | JP¥2.2t | 12x | 14.4x | 0.8x |
| Wed, 12 Apr 2023 | JP¥31.1t | JP¥42.0t | JP¥2.5t | 10.7x | 12.5x | 0.7x |
| Fri, 10 Mar 2023 | JP¥32.3t | JP¥42.0t | JP¥2.5t | 11.4x | 13x | 0.8x |
| Sun, 05 Feb 2023 | JP¥29.9t | JP¥41.3t | JP¥2.7t | 9.8x | 11.1x | 0.7x |
| Tue, 03 Jan 2023 | JP¥27.8t | JP¥40.8t | JP¥2.7t | 9.5x | 10.1x | 0.7x |
| Thu, 01 Dec 2022 | JP¥30.0t | JP¥40.8t | JP¥2.7t | 9.9x | 10.9x | 0.7x |
| Sat, 29 Oct 2022 | JP¥27.9t | JP¥39.4t | JP¥2.8t | 9.4x | 9.8x | 0.7x |
| Mon, 26 Sep 2022 | JP¥29.1t | JP¥39.1t | JP¥2.7t | 9.6x | 10.6x | 0.7x |
| Wed, 24 Aug 2022 | JP¥30.3t | JP¥39.1t | JP¥2.7t | 9.8x | 11.1x | 0.8x |
| Fri, 22 Jul 2022 | JP¥29.9t | JP¥37.5t | JP¥2.6t | 9.9x | 11.7x | 0.8x |
| Sun, 19 Jun 2022 | JP¥29.1t | JP¥37.5t | JP¥2.6t | 9.6x | 11.4x | 0.8x |
| Tue, 17 May 2022 | JP¥29.9t | JP¥37.3t | JP¥2.6t | 9.6x | 11.7x | 0.8x |
| Thu, 14 Apr 2022 | JP¥29.7t | JP¥36.2t | JP¥2.4t | 9.2x | 12.6x | 0.8x |
| Sat, 12 Mar 2022 | JP¥28.5t | JP¥36.2t | JP¥2.4t | 9.4x | 12.1x | 0.8x |
| Mon, 07 Feb 2022 | JP¥31.4t | JP¥35.7t | JP¥2.3t | 10.3x | 13.8x | 0.9x |
| Wed, 05 Jan 2022 | JP¥33.4t | JP¥34.9t | JP¥2.2t | 10.3x | 15.5x | 1x |
| Fri, 03 Dec 2021 | JP¥31.4t | JP¥34.9t | JP¥2.2t | 9.9x | 14.6x | 0.9x |
| Sun, 31 Oct 2021 | JP¥33.7t | JP¥33.9t | JP¥1.8t | 11.8x | 18.3x | 1x |
| Tue, 28 Sep 2021 | JP¥34.8t | JP¥33.5t | JP¥1.7t | 12.8x | 20.2x | 1x |
| Thu, 26 Aug 2021 | JP¥32.3t | JP¥33.6t | JP¥1.7t | 12x | 18.8x | 1x |
| Fri, 02 Jul 2021 | JP¥33.0t | JP¥33.6t | JP¥1.7t | 11.7x | 19.2x | 1x |
Price to Earnings Ratio
19.2x
Current Industry PE
- Investors are optimistic on the Japanese Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.1x which is higher than its 3-year average PE of 16.2x.
- The industry is trading close to its 3-year average PS ratio of 0.85x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have remained mostly flat 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Japanese Materials industry?
| JP Market | -0.80% | |
| Materials | 0.0024% | |
| Chemicals | 0.59% | |
| Specialty Chemicals | 1.84% | |
| Fertilizers and Agricultural Chemicals | 0.74% | |
| Industrial Gases | -0.066% | |
| Commodity Chemicals | -1.02% | |
| Diversified Chemicals | -1.73% | |
Industry PE
- Investors are most optimistic about the Diversified Chemicals industry which is trading above its 3-year average PE ratio of 18.4x.
- Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings growth of 11.9% per year.
- Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average of 10.3x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Industrial Gases industry is expected to see its earnings grow by 4.7% 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 | |
|---|---|---|---|---|---|
| 4063 Shin-Etsu Chemical | JP¥6.15k | 0.6% +JP¥67.8b | 25.5% | PE23.6x | |
| 4107 ISE Chemicals | JP¥39.50k | 46.8% +JP¥64.2b | 304.3% | PE52x | |
| 4186 Tokyo Ohka Kogyo | JP¥4.49k | 11.9% +JP¥58.0b | 58.1% | PE38.4x | |
| 4182 Mitsubishi Gas Chemical Company | JP¥3.09k | 5.7% +JP¥33.2b | 46.9% | PE15.9x | |
| 4004 Resonac Holdings | JP¥3.58k | 5.2% +JP¥32.2b | 55.2% | PE31.9x |
