Company Valuation: Canon Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,929,211 2,899,801 3,575,836 4,871,959 4,070,674 4,082,771 - -
Change - -1% 23.31% 36.25% -16.45% 0.3% - -
Enterprise Value (EV) 1 2,749,080 2,944,208 3,588,005 4,889,024 4,430,852 4,386,538 4,351,206 4,215,258
Change - 7.1% 21.87% 36.26% -9.37% -1% -0.81% -3.12%
P/E 13.6x 12.1x 13.7x 31.2x 12.6x 12.6x 12.1x 11.4x
PBR 1.02x 0.93x 1.07x 1.48x 1.17x 1.16x 1.11x 1.04x
PEG - 0.8x 1.2x -0.8x 0x 3.69x 2.88x 1.71x
Capitalization / Revenue 0.83x 0.72x 0.86x 1.08x 0.88x 0.85x 0.83x 0.81x
EV / Revenue 0.78x 0.73x 0.86x 1.08x 0.96x 0.92x 0.88x 0.84x
EV / EBITDA 5.46x 5.08x 5.84x 9.49x 6.38x 6.29x 6.06x 5.59x
EV / EBIT 9.75x 8.33x 9.56x 17.5x 9.73x 9.53x 9.12x 8.34x
EV / FCF 10x 36x 20.4x 13.9x 19.6x 15.9x 15.2x 13.3x
FCF Yield 9.96% 2.78% 4.9% 7.17% 5.11% 6.3% 6.6% 7.5%
Dividend per Share 2 100 120 140 155 160 160.5 166.6 172.2
Rate of return 3.57% 4.2% 3.87% 3% 3.45% 3.34% 3.47% 3.58%
EPS 2 205.4 236.7 264.2 165.5 367.5 380 396 422.5
Distribution rate 48.7% 50.7% 53% 93.6% 43.5% 42.2% 42.1% 40.8%
Net sales 1 3,513,357 4,031,414 4,180,972 4,509,821 4,624,727 4,777,194 4,920,452 5,019,794
EBITDA 1 503,164 579,891 614,042 515,219 694,626 697,334 717,864 753,733
EBIT 1 281,918 353,399 375,366 279,754 455,390 460,323 477,263 505,200
Net income 1 214,718 243,961 264,513 160,025 332,053 327,560 333,722 350,304
Net Debt 1 -180,131 44,407 12,169 17,065 360,178 303,767 268,434 132,487
Reference price 2 2,801.00 2,855.50 3,620.00 5,161.00 4,633.00 4,807.00 4,807.00 4,807.00
Nbr of stocks (in thousands) 1,045,773 1,015,514 987,800 943,995 878,626 849,339 - -
Announcement Date 27/01/22 30/01/23 30/01/24 30/01/25 29/01/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.65x0.92x6.29x3.34% 25.82B
35.2x8.2x25.97x-.--% 32.74B
20.4x1.9x11.1x1.64% 7.93B
12.11x1x5.66x2.45% 7.44B
14.52x0.48x5.85x2.47% 6.35B
18.26x - - 2.3% 5.21B
51.78x3.31x20.09x1.23% 3.64B
28.43x8.36x19.76x1.05% 3.06B
215.59x - - - 2.77B
16.05x1.83x9.26x1.95% 2.12B
Average 42.50x 3.25x 13.00x 1.83% 9.71B
Weighted average by Cap. 29.11x 4.03x 14.96x 1.66%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Canon Inc.

Historical PBR trend

Valuation ratios - PBR - Canon Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Canon Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Canon Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Canon Inc.
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