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Unitika Ltd.3103.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Discretionary›Textiles
Momentum laggard 11
Mkt cap
$362M
US dollars, full cap
Free float
89%
of shares outstanding
$/day
$20.3M
20-day average traded
Fwd P/E
11.8×
forward earnings
ROIC−WACC
+0.6 pp
WACC 11.6%
Hurdle
-0 pp
Req g minus delivered
Next earnings
4 days
10 Nov 2026
Close · JPY¥990
1D-6.1%
1W-21.2%
1M-32.7%
3M+18.1%
6M-59.4%
YTD+242.6%
1Y+380.6%
ATR %9.2%
52w lowhigh77.4% off high

What Unitika does

Employees: 1,692

Unitika at a glance

Size Unitika (3103.T) is a Japan Consumer Discretionary company (Textiles) with a market value of $362M, the 1241st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥990 on 6 Nov 2026.

Performance Over six months the shares fell 59.4%, against -24.1% for the median peer and +1.8% for the Japan market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue fell 11.8% over the last twelve months (peer median +7.1%); the operating margin is 10.6% (peer median 5.9%).

Valuation It trades at 11.8× forward earnings against a peer median of 17.8× (4th cheapest of 11).

Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -0 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.6 points above its cost of capital (11.6% WACC).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

507510011 May 202611 Aug 20266 Nov 2026Peer median 763103.T 42
Six months, rebased to 100: Unitika against the median of its 20 peers (local-currency closes).

Unitika financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥112B¥119B¥126B¥118B¥118B
Revenue growth—-6%+7%0%—
Gross profit¥29.5B¥29.1B¥25.3B¥18.4B¥23.3B
EBITDA¥15.2B¥13.9B¥11.3B¥3.66B¥6.75B
Net income¥20.9B¥18.2B-¥24.3B-¥5.44B¥103M
Free cash flown/a¥3.03B¥2.23B¥1.05B-¥8.01B
Capital expendituren/a¥2.58B¥4.06B¥7.12B¥8.52B
Total debt¥54.7B¥57.3B¥93.5B¥94.0B¥93.8B

Quarterly statements and history in the cockpit →

Unitika competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%0029981307001530605003LBW300321603332300163300993002394600156MAGN002404781829805053403103.T6-month return →1-month return →
Up and to the right = strong over both horizons. Unitika is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%20×40×60×0029981307001530605003300993MAGN6050552980503103.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Unitika is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%002998605003LBW300321603332300993600232002394MAGN002404781860505568872253403103.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Unitika is the large dot.

Unitika competitors and peer comparison

How Unitika compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Unitika against its 20 peers (data as of 6 Nov 2026)
Measure3103.TPeer medianRank in peer set
1-month return-32.7%-8.0%lowest of 21
6-month return-59.4%-24.1%lowest of 21
Distance from 52-week high-77.4%-37.9%lowest of 21
Revenue growth (TTM)-11.8%+7.1%3rd lowest of 21
Operating margin10.6%5.9%8th highest of 21
Forward P/E11.8×17.8×4th cheapest of 11
Growth the price implies (Req g, 7 yrs)1.1%5.1%7th least demanding of 15
Growth delivered (Del g)+1.4%+13.3%3rd lowest of 15
Hurdle (Req g minus delivered)-0.4 pp-13.9 pp5th most demanding of 15
ROIC minus cost of capital+0.6 pp+1.6 pp9th lowest of 21
EV / EBITDA4.4×9.1×cheapest of 7
Net debt / EBITDA0.6×-0.6×3rd most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Unitika 3103.TJapan$362M-59%-12%11%11.8×1.1%+1.4%
Elite Color Environmental Resources Science & Technology 002998.SZChina$362M-27%+9%5%14.8×-5.0%+14.8%
San Fang Chemical Industry 1307.TWTaiwan$359M-5%0%13%9.4×n/an/a
DI DONG-IL 001530.KSSouth Korea$358M-22%0%0%26.4×n/an/a
Zhongwang Fabric 605003.SSChina$375M-24%+7%12%25.2×13.1%+1.7%
Lubawa LBW.WAPoland$381M+14%-9%23%n/a-9.8%+21.0%
Shandong Tongda Island New Materials 300321.SZChina$341M-32%-10%1%n/a44.2%-0.5%
Suzhou Longjie Special Fiber 603332.SSChina$391M-16%+33%7%n/a-7.3%+13.5%
Ningbo Xianfeng New Material 300163.SZChina$394M+27%-23%-35%n/an/an/a
Shandong Yuma Sun-shading Technology 300993.SZChina$403M-29%+7%17%20.8×6.8%+14.4%
Hangzhou Wensli Silk Culture 301066.SZChina$322M-24%+10%2%n/an/an/a
Zhejiang Golden Eagle 600232.SSChina$311M-32%+32%6%n/a7.9%+6.7%
Jiangsu Lianfa Textile 002394.SZChina$424M-36%+1%7%n/a-11.5%+0.7%
Hunan Huasheng 600156.SSChina$426M-35%-40%-14%n/an/an/a
Magnera MAGNUnited States$442M+2%+151%4%9.8×3.4%+28.1%
Zhejiang Jiaxin Silk 002404.SZChina$449M-22%+12%5%n/a-8.2%+12.9%
Transaction 7818.TJapan$453M+10%+15%20%14.3×-2.6%+13.0%
Zhejiang Yingfeng Technology 605055.SSChina$472M-34%+12%-4%56.8×7.4%+15.3%
Beijing Tongyizhong New Material Technology 688722.SSChina$474M-22%+7%11%22.4×10.2%+28.0%
Hs Hyosung Advanced 298050.KSSouth Korea$483M-46%+5%6%9.3×n/an/a
Baotek Industrial Materials 5340.TWOTaiwan$498M-33%+15%16%n/a23.1%+9.5%

Questions

Which companies are Unitika's closest peers?
The cockpit's peer set: Elite Color Environmental Resources Science & Technology (002998.SZ), San Fang Chemical Industry (1307.TW), DI DONG-IL (001530.KS), Zhongwang Fabric (605003.SS), Lubawa (LBW.WA), Shandong Tongda Island New Materials (300321.SZ), Suzhou Longjie Special Fiber (603332.SS), Ningbo Xianfeng New Material (300163.SZ).
Is Unitika expensive compared with its peers?
On forward p/e it trades at 11.8× against a peer median of 17.8×, 4th cheapest of 11 in its peer set. For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -0 pp: the price already allows for a slowdown.
How has Unitika stock performed?
Over six months to 6 Nov 2026 the shares returned -59.4% against -24.1% for the median peer; over one year +380.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.