Company Valuation: SMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,249,298 4,498,029 4,504,091 5,444,322 3,382,361 4,416,582 - -
Change - 5.85% 0.13% 20.88% -37.87% 30.58% - -
Enterprise Value (EV) 1 3,619,539 3,812,519 3,892,781 4,946,102 2,731,623 3,795,942 3,811,492 3,779,797
Change - 5.33% 2.11% 27.06% -44.77% 38.96% 0.41% -0.83%
P/E ratio 35.1x 23.5x 20.3x 30.7x 21.7x 28x 25.9x 23.4x
PBR 3.09x 2.89x 2.65x 2.89x 1.75x 2.23x 2.13x 2.02x
PEG - 0.4x 1.1x -1.6x -1.9x 12.15x 3.32x 2.1x
Capitalization / Revenue 7.7x 6.18x 5.46x 7.01x 4.27x 5.32x 4.88x 4.62x
EV / Revenue 6.56x 5.24x 4.72x 6.37x 3.45x 4.57x 4.21x 3.96x
EV / EBITDA 21.1x 15.3x 13.7x 21.5x 12.2x 16.3x 13.8x 12.7x
EV / EBIT 23.6x 16.7x 15.1x 25.2x 14.4x 19.9x 17.7x 15.7x
EV / FCF 18.7x 95.6x 268x -147x 11.8x 64.4x 33.8x 25.5x
FCF Yield 5.36% 1.05% 0.37% -0.68% 8.49% 1.55% 2.96% 3.92%
Dividend per Share 2 500 750 900 950 1,000 1,007 1,115 1,201
Rate of return 0.78% 1.09% 1.29% 1.12% 1.88% 1.44% 1.59% 1.72%
EPS 2 1,832 2,924 3,445 2,767 2,445 2,501 2,696 2,994
Distribution rate 27.3% 25.7% 26.1% 34.3% 40.9% 40.3% 41.3% 40.1%
Net sales 1 552,100 727,397 824,772 776,873 792,108 829,932 905,183 955,224
EBITDA 1 171,800 248,414 283,967 229,581 224,552 232,331 276,345 298,616
EBIT 1 153,300 227,857 258,200 196,226 190,244 191,064 215,632 240,484
Net income 1 121,700 192,991 224,609 178,321 156,344 158,735 171,609 189,872
Net Debt 1 -629,759 -685,510 -611,310 -498,220 -650,738 -620,641 -605,091 -636,785
Reference price 2 64,310.00 68,840.00 69,830.00 84,830.00 53,070.00 69,950.00 69,950.00 69,950.00
Nbr of stocks (in thousands) 66,075 65,340 64,501 64,179 63,734 63,139 - -
Announcement Date 5/14/21 5/13/22 5/15/23 5/14/24 5/14/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.56x4.5x16.06x1.46% 27.58B
35.84x6.14x22.64x0.75% 122B
36.09x6.14x23x1.7% 36.98B
33.95x4.77x17.45x0.09% 35.45B
27.67x3.32x14.34x1.35% 30.68B
23.54x3.51x15.1x1.01% 29.07B
23.07x1.81x14.68x1.98% 28.43B
25.21x3.27x15.77x1.78% 23.29B
29.34x2.55x16.52x1.81% 22.84B
49.77x12.54x38.67x0.76% 20.7B
Average 31.20x 4.86x 19.42x 1.27% 37.69B
Weighted average by Cap. 32.22x 5.09x 19.93x 1.12%

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

  1. Stock Market
  2. Equities
  3. 6273 Stock
  4. Valuation SMC Corporation