Stock 6723 RENESAS ELECTRONICS CORPORATION
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Financials Renesas Electronics Corporation

Equities

6723

JP3164720009

Semiconductors

Market Closed - Japan Exchange
Other stock markets
 02:00:00 2024-04-26 am EDT 		5-day change 1st Jan Change
2,540 JPY +0.22% Intraday chart for Renesas Electronics Corporation +5.97% -0.37%
Apr. 25 Tech shares drag Japan's Nikkei lower RE
Apr. 25 Transcript : Renesas Electronics Corporation, Q1 2024 Earnings Call, Apr 25, 2024

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,281,587 1,866,244 2,764,012 2,118,920 4,510,709 4,519,622 - -
Enterprise Value (EV) 1 1,906,878 2,347,256 3,356,176 2,538,595 4,726,976 4,627,759 4,137,013 3,931,853
P/E ratio -215 x 40.7 x 20.6 x 8.6 x 13.4 x 13.7 x 11.9 x 10.3 x
Yield - - - - - 1.12% 1.34% 1.45%
Capitalization / Revenue 1.78 x 2.61 x 2.78 x 1.41 x 3.07 x 2.98 x 2.71 x 2.53 x
EV / Revenue 2.65 x 3.28 x 3.38 x 1.69 x 3.22 x 3.05 x 2.48 x 2.2 x
EV / EBITDA 12.3 x 11.4 x 10.5 x 3.97 x 8.12 x 7.71 x 6 x 5.1 x
EV / FCF -3.53 x 12.8 x -9.43 x 6.65 x 20.6 x 13.3 x 9.95 x 8.58 x
FCF Yield -28.3% 7.83% -10.6% 15% 4.85% 7.51% 10.1% 11.7%
Price to Book 2.07 x 3.03 x 2.39 x 1.39 x 2.31 x 1.96 x 1.8 x 1.61 x
Nbr of stocks (in thousands) 1,708,782 1,729,605 1,942,383 1,790,384 1,769,599 1,779,729 - -
Reference price 2 750.0 1,079 1,423 1,184 2,549 2,540 2,540 2,540
Announcement Date 2/12/20 2/10/21 2/9/22 2/9/23 2/8/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 718,243 715,673 994,418 1,500,900 1,469,415 1,515,188 1,666,253 1,785,131
EBITDA 1 154,871 206,669 320,097 639,200 581,900 600,432 689,011 771,216
EBIT 1 6,845 65,142 183,601 559,400 501,600 500,736 585,288 645,677
Operating Margin 0.95% 9.1% 18.46% 37.27% 34.14% 33.05% 35.13% 36.17%
Earnings before Tax (EBT) 1 257 65,216 152,463 362,299 422,173 413,797 486,811 547,733
Net income 1 -5,914 45,626 127,261 256,632 337,086 327,017 376,444 423,828
Net margin -0.82% 6.38% 12.8% 17.1% 22.94% 21.58% 22.59% 23.74%
EPS 2 -3.490 26.54 68.96 137.7 189.8 185.6 213.3 247.0
Free Cash Flow 1 -540,202 183,700 -355,742 381,802 229,135 347,600 415,771 458,100
FCF margin -75.21% 25.67% -35.77% 25.44% 15.59% 22.94% 24.95% 25.66%
FCF Conversion (EBITDA) - 88.89% - 59.73% 39.38% 57.89% 60.34% 59.4%
FCF Conversion (Net income) - 402.62% - 148.77% 67.98% 106.29% 110.45% 108.09%
Dividend per Share 2 - - - - - 28.44 34.08 36.75
Announcement Date 2/12/20 2/10/21 2/9/22 2/9/23 2/8/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1
Net sales 1 345,415 370,258 421,553 258,400 314,432 572,865 346,696 376,620 722,908 387,100 390,860 777,990 359,374 368,717 728,091 379,391 361,933 741,324 351,790 359,867 - 380,135 400,214 780,005 408,582
EBITDA 1 - - - 88,200 100,436 - 155,200 165,147 - 163,400 155,500 - 144,300 149,000 - 152,600 136,000 - 133,800 124,985 - 152,736 160,516 - 154,981
EBIT 1 30,569 35,216 65,661 53,800 64,116 117,940 135,500 145,319 210,005 142,800 135,700 278,600 123,265 97,257 220,522 98,006 115,500 247,800 113,500 116,542 - 128,267 141,337 - -
Operating Margin 8.85% 9.51% 15.58% 20.82% 20.39% 20.59% 39.08% 38.59% 29.05% 36.89% 34.72% 35.81% 34.3% 26.38% 30.29% 25.83% 31.91% 33.43% 32.26% 32.38% - 33.74% 35.32% - -
Earnings before Tax (EBT) 1 29,769 35,447 50,736 50,045 51,682 101,727 78,996 68,681 147,423 95,679 119,197 214,876 127,762 112,849 240,611 103,020 78,542 181,562 91,752 112,058 186,659 127,650 147,860 224,664 -
Net income 1 23,212 22,414 37,705 37,800 51,804 89,556 59,784 50,554 110,437 74,700 71,479 146,195 105,211 90,594 195,805 75,329 65,952 141,281 79,866 75,877 141,214 85,926 94,066 165,102 84,566
Net margin 6.72% 6.05% 8.94% 14.63% 16.48% 15.63% 17.24% 13.42% 15.28% 19.3% 18.29% 18.79% 29.28% 24.57% 26.89% 19.86% 18.22% 19.06% 22.7% 21.08% - 22.6% 23.5% 21.17% 20.7%
EPS 2 13.55 - 21.53 20.08 27.35 - 30.74 26.15 56.96 41.11 39.60 80.71 58.50 51.46 110.0 42.64 37.17 79.81 44.90 42.95 - 51.91 57.01 - 49.97
Dividend per Share 2 - - - - - - - - - - - - - - - - - - - 13.99 - - 13.99 - -
Announcement Date 7/30/20 2/10/21 7/29/21 10/28/21 2/9/22 2/9/22 4/27/22 7/28/22 7/28/22 10/26/22 2/9/23 2/9/23 4/27/23 7/27/23 7/27/23 10/26/23 2/8/24 2/8/24 4/25/24 - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 625,291 481,012 592,164 419,675 216,267 108,138 - -
Net Cash position 1 - - - - - - 382,609 587,769
Leverage (Debt/EBITDA) 4.037 x 2.327 x 1.85 x 0.6566 x 0.3717 x 0.1801 x - -
Free Cash Flow 1 -540,202 183,700 -355,742 381,802 229,135 347,600 415,771 458,100
ROE (net income / shareholders' equity) -1% 7.4% 14.3% 19.1% 19.1% 15.8% 17.1% 17%
ROA (Net income/ Total Assets) 0.64% 3.98% 7.59% 13.9% 11.3% 11.9% 12.7% -
Assets 1 -925,364 1,146,088 1,675,759 1,848,251 2,989,748 2,748,042 2,964,123 -
Book Value Per Share 2 363.0 356.0 596.0 854.0 1,105 1,298 1,410 1,577
Cash Flow per Share 2 83.90 109.0 143.0 237.0 274.0 245.0 287.0 -
Capex 1 10,800 22,261 88,000 216,400 88,223 84,925 90,525 92,500
Capex / Sales 1.5% 3.11% 8.85% 14.42% 6% 5.6% 5.43% 5.18%
Announcement Date 2/12/20 2/10/21 2/9/22 2/9/23 2/8/24 - - -
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Renesas Electronics Corporation

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
2,540 JPY
Average target price
3,348 JPY
Spread / Average Target
+31.85%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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