Obermatt

Adeka

TYO:4401 · JP3114800000
ChemicalsLarge

360

90
EV / EBIT86
Price / Owner Earnings41
Owner Earnings Yield94
Dividend Yield83
Price/Sales34
EV / Gross Profit91
Price/Book36
Return on Capital70
Cash Return on Capital77
Return on Equity69
EBIT Margin74
Gross Profitability68
Cash Conversion28
Accruals25
Owner Earnings Margin82
Sales growth43
Profit Growth59
Long-Term EPS Growth75
Reinvestment87
Price momentum74
Debt load86
Refinancing55
Debt Payback100
Liquidity79
Analyst ratings59
Opinion Changes95
Price Target Upside57
Market mood75
Value Creation7/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Adeka clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryJapan
IndustryChemicals
SizeLarge
TypePublic Company
ExchangeTSE
Founded1917
Employees21
ISINJP3114800000
Last UpdateApr 2, 2026
Index & Theme
Environmental ConsultingEnvironment, Health and Safety (EH&S)ChemicalFood and BeverageManufacturing

Description

Analysis

Bargain bin

Adeka Corporation is priced cheaply, and that invites the natural question of why, since the underlying business scores below average. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 13.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 1% a year, against analyst forecasts of 8%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 7/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
98
2023202420252026

All-time high

98

Jun 2026

All-time low

65

Jan 2023

Average rank

86

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
34
56
56
63
Price/Earnings
76
70
76
56
Price/Book
36
43
48
58
Dividend Yield
83
63
52
38
Value (overall)
57
67
59
53

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →