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 4,034,359 - -
Change - -1% 23.31% 36.25% -16.45% -0.89% - -
Enterprise Value (EV) 1 2,749,080 2,944,208 3,588,005 4,889,024 4,430,852 4,341,593 4,256,127 4,170,646
Change - 7.1% 21.87% 36.26% -9.37% -2.01% -1.97% -2.01%
P/E 13.6x 12.1x 13.7x 31.2x 12.6x 12.7x 11.9x 11.1x
PBR 1.02x 0.93x 1.07x 1.48x 1.17x 1.15x 1.1x 1.03x
PEG - 0.8x 1.2x -0.8x 0x 6.19x 1.77x 1.64x
Capitalization / Revenue 0.83x 0.72x 0.86x 1.08x 0.88x 0.84x 0.82x 0.8x
EV / Revenue 0.78x 0.73x 0.86x 1.08x 0.96x 0.91x 0.86x 0.83x
EV / EBITDA 5.46x 5.08x 5.84x 9.49x 6.38x 6.23x 5.9x 5.5x
EV / EBIT 9.75x 8.33x 9.56x 17.5x 9.73x 9.51x 8.76x 8.09x
EV / FCF 10x 36x 20.4x 13.9x 19.6x 15.7x 14.4x 13.2x
FCF Yield 9.96% 2.78% 4.9% 7.17% 5.11% 6.38% 6.92% 7.58%
Dividend per Share 2 100 120 140 155 160 162.3 170.3 177.8
Rate of return 3.57% 4.2% 3.87% 3% 3.45% 3.42% 3.58% 3.74%
EPS 2 205.4 236.7 264.2 165.5 367.5 375 400.2 427.3
Distribution rate 48.7% 50.7% 53% 93.6% 43.5% 43.3% 42.5% 41.6%
Net sales 1 3,513,357 4,031,414 4,180,972 4,509,821 4,624,727 4,781,835 4,940,656 5,043,128
EBITDA 1 503,164 579,891 614,042 515,219 694,626 696,423 721,458 757,817
EBIT 1 281,918 353,399 375,366 279,754 455,390 456,517 485,608 515,567
Net income 1 214,718 243,961 264,513 160,025 332,053 329,153 339,060 356,727
Net Debt 1 -180,131 44,407 12,169 17,065 360,178 307,234 221,768 136,287
Reference price 2 2,801.00 2,855.50 3,620.00 5,161.00 4,633.00 4,750.00 4,750.00 4,750.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
Average
Weighted average by Cap.

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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  4. Valuation Canon Inc.