Company Valuation: DENSO Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,999,765 5,573,487 8,513,199 5,219,690 5,242,566 4,649,301 - -
Change - -7.1% 52.74% -38.69% 0.44% -11.32% - -
Enterprise Value (EV) 1 6,105,662 5,783,278 8,574,530 4,932,543 4,864,722 4,383,426 4,315,764 4,257,549
Change - -5.28% 48.26% -42.47% -1.37% -9.89% -1.54% -1.35%
P/E 22.9x 17.9x 27.5x 12.7x 12x 11.9x 10.2x 9.12x
PBR 1.4x 1.27x 1.52x 1.04x 0.95x 0.86x 0.82x 0.78x
PEG - 0.8x 29.56x 0.3x 1x -2.58x 0.6x 0.8x
Capitalization / Revenue 1.09x 0.87x 1.19x 0.73x 0.7x 0.6x 0.57x 0.56x
EV / Revenue 1.11x 0.9x 1.2x 0.69x 0.65x 0.56x 0.53x 0.51x
EV / EBITDA 8.88x 7.31x 11.4x 5.51x 5.23x 4.94x 4.43x 4.06x
EV / EBIT 17.9x 13.6x 22.5x 9.5x 8.8x 8.45x 7.32x 6.67x
EV / FCF 64.9x 24.2x 18x 7.75x 9.84x 10.2x 9.27x 9.12x
FCF Yield 1.54% 4.13% 5.55% 12.9% 10.2% 9.8% 10.8% 11%
Dividend per Share 2 41.25 46.25 55 64 67 73.65 79.33 85.1
Rate of return 2.1% 2.49% 1.91% 3.47% 3.44% 3.97% 4.28% 4.59%
EPS 2 85.69 104 105 145 163 155.4 181.5 203.3
Distribution rate 48.1% 44.5% 52.4% 44.1% 41.1% 47.4% 43.7% 41.9%
Net sales 1 5,515,512 6,401,320 7,144,733 7,161,777 7,539,975 7,788,671 8,117,167 8,376,160
EBITDA 1 687,705 790,734 754,868 895,546 930,612 888,201 975,308 1,049,246
EBIT 1 341,179 426,099 380,599 518,953 552,538 518,447 589,307 638,742
Net income 1 263,901 314,633 312,791 419,081 443,755 398,423 450,407 487,756
Net Debt 1 105,897 209,791 61,331 -287,147 -377,844 -265,876 -333,537 -391,752
Reference price 2 1,965.00 1,860.75 2,883.00 1,844.00 1,947.50 1,854.50 1,854.50 1,854.50
Nbr of stocks (in thousands) 3,053,316 2,995,290 2,952,896 2,830,635 2,691,947 2,507,038 - -
Announcement Date 28/04/22 27/04/23 26/04/24 25/04/25 28/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.93x0.56x4.94x3.97% 29.51B
18.35x2x10.98x1.6% 71.88B
15.19x1.05x8.1x2.46% 35.01B
12.15x0.52x3.7x4.83% 27.28B
7.12x0.41x5.31x2.13% 21.73B
15.56x2.64x9.38x3.89% 19.79B
10.28x0.48x4.73x3.1% 16.96B
20.64x0.84x10.2x3.44% 16.99B
28.41x1.14x11.97x0.64% 17.02B
12.73x1.33x6.91x4.26% 15.08B
Average 15.24x 1.10x 7.62x 3.03% 27.12B
Weighted average by Cap. 15.47x 1.23x 8.04x 2.8%

Y-o-Y evolution of P/E

Valuation ratios - P/E - DENSO Corporation

Historical PBR trend

Valuation ratios - PBR - DENSO Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - DENSO Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - DENSO Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - DENSO Corporation
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