Company Valuation: Renesas Electronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,866,244 2,764,012 2,118,920 4,510,709 3,667,244 4,757,284 4,757,284 -
Change - 48.11% -23.34% 112.88% -18.7% 29.72% 0% -
Enterprise Value (EV) 1 2,347,256 3,356,176 2,538,595 4,726,976 4,852,369 4,750,299 5,455,747 5,149,154
Change - 42.98% -24.36% 86.2% 2.65% -2.1% -6.3% -5.62%
P/E ratio 40.7x 20.6x 8.6x 13.4x 16.9x -74.7x 18.3x 16.5x
PBR 3.03x 2.39x 1.39x 2.31x 1.45x 1.59x 1.78x 1.63x
PEG - 0x 0.1x 0.4x -0.5x 1x -0x 1.5x
Capitalization / Revenue 2.61x 2.78x 1.41x 3.07x 2.72x 2.94x 3.15x 2.98x
EV / Revenue 3.28x 3.38x 1.69x 3.22x 3.6x 3.6x 3.62x 3.22x
EV / EBITDA 11.4x 10.5x 3.97x 8.12x 9.98x 10.2x 9.28x 8.37x
EV / EBIT 36x 18.3x 4.54x 9.42x 12.2x 12.3x 11.1x 9.9x
EV / FCF 12.8x -9.43x 6.65x 20.6x 23x 14.5x 13.8x 14.1x
FCF Yield 7.83% -10.6% 15% 4.85% 4.34% 6.91% 7.22% 7.09%
Dividend per Share 2 - - - - 28 28 31.54 37.37
Rate of return - - - - 1.37% 1.31% 1.2% 1.42%
EPS 2 26.54 68.96 137.7 189.8 120.8 -28.65 143.4 159.1
Distribution rate - - - - 23.2% -97.7% 22% 23.5%
Net sales 1 715,673 994,418 1,500,900 1,469,415 1,348,479 1,321,200 1,508,686 1,596,674
EBITDA 1 206,669 320,097 639,200 581,900 486,200 464,100 587,661 614,837
EBIT 1 65,142 183,601 559,400 501,600 397,900 386,900 489,648 520,229
Net income 1 45,626 127,261 256,632 337,086 219,084 -51,800 254,584 283,730
Net Debt 1 481,012 592,164 419,675 216,267 1,185,125 872,069 698,463 391,871
Reference price 2 1,079.00 1,423.00 1,183.50 2,549.00 2,046.50 2,623.50 2,623.50 2,623.50
Nbr of stocks (in thousands) 1,729,605 1,942,383 1,790,384 1,769,599 1,791,959 1,813,335 1,813,335 -
Announcement Date 2/10/21 2/9/22 2/9/23 2/8/24 2/6/25 2/5/26 - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-107.73x4.44x12.44x1.1% 30.15B
22.66x11.64x17.42x0.02% 4,454B
39.55x15.19x22.61x0.79% 1,576B
11.84x5.55x7.97x0.12% 447B
16.71x6.72x10.8x0.2% 437B
44.62x6.74x28.53x-.--% 325B
-297.82x4.55x15.02x-.--% 230B
30.84x9.62x19.9x2.89% 180B
38.71x11.78x19.33x1.3% 161B
15.86x3.43x9.65x2.62% 146B
Average -18.47x 7.97x 16.37x 0.9% 798.62B
Weighted average by Cap. 16.64x 11.11x 17.87x 0.33%

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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