Company Valuation: Nippon Steel Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,998,946 2,873,054 3,377,556 3,339,413 3,009,828 2,966,444 - -
Change - 43.73% 17.56% -1.13% -9.87% -1.44% - -
Enterprise Value (EV) 1 4,101,246 4,901,994 5,640,307 5,174,379 7,722,819 7,660,983 7,778,997 8,550,487
Change - 19.52% 15.06% -8.26% 49.25% -0.8% 1.54% 9.92%
P/E 3.14x 4.14x 6.15x 9.1x 176x 10.3x 7.88x 7.65x
PBR 0.58x 0.69x 0.71x 0.62x 0.54x 0.54x 0.51x 0.49x
PEG - 0.47x -0.3x -0.2x -1.8x 0x 0.3x 2.56x
Capitalization / Revenue 0.29x 0.36x 0.38x 0.38x 0.3x 0.26x 0.25x 0.27x
EV / Revenue 0.6x 0.61x 0.64x 0.6x 0.77x 0.67x 0.65x 0.77x
EV / EBITDA 3.18x 4.01x 4.94x 4.84x 9.45x 6.28x 5.61x 6.16x
EV / EBIT 4.88x 5.55x 7.24x 9.44x 31.8x 13.2x 10.9x 11.9x
EV / FCF 17.3x 25.6x 18.8x 10x -3.64x -14.9x -28.3x -31.1x
FCF Yield 5.77% 3.9% 5.31% 9.98% -27.5% -6.72% -3.53% -3.22%
Dividend per Share 2 32 36 32 32 24 24.11 25.12 25.83
Rate of return 7.37% 5.77% 4.36% 5.01% 4.17% 4.25% 4.43% 4.55%
EPS 2 138.4 150.7 119.3 70.18 3.28 55.31 72.02 74.18
Distribution rate 23.1% 23.9% 26.8% 45.6% 732% 43.6% 34.9% 34.8%
Net sales 1 6,808,890 7,975,586 8,868,097 8,695,526 10,063,216 11,367,724 11,974,461 11,171,354
EBITDA 1 1,290,200 1,223,817 1,141,664 1,068,400 816,819 1,219,371 1,386,379 1,387,602
EBIT 1 840,901 883,646 778,662 547,960 242,903 578,933 716,296 719,151
Net income 1 637,321 694,016 549,372 350,227 17,158 299,736 389,097 396,129
Net Debt 1 2,102,300 2,028,940 2,262,751 1,834,966 4,712,991 4,694,539 4,812,552 5,584,042
Reference price 2 434.20 624.00 733.60 639.00 575.90 567.60 567.60 567.60
Nbr of stocks (in thousands) 4,603,744 4,604,254 4,604,085 5,225,998 5,226,303 5,226,294 - -
Announcement Date 5/10/22 5/10/23 5/9/24 5/9/25 5/13/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.12x0.67x6.25x4.31% 18.03B
13.55x1.46x8.03x0.96% 53.06B
14.45x0.87x7.01x0.95% 50.37B
14.38x1.62x9.37x0.91% 33.77B
54.28x9.07x33.47x0.14% 28.16B
12.52x1.19x7x2.25% 24.41B
13.08x0.54x5.19x3.18% 15.52B
14.52x4.21x10.96x0.06% 10.74B
13.55x0.88x6.67x2.87% 10.11B
Average 17.83x 2.28x 10.44x 1.74% 27.13B
Weighted average by Cap. 18.20x 2.19x 10.60x 1.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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