Company Valuation: Keyence Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 13,290,446 14,612,193 17,289,660 14,777,076 14,328,389 18,519,204 - -
Change - 9.95% 18.32% -14.53% -3.04% 29.25% - -
Enterprise Value (EV) 1 12,285,874 13,671,735 16,156,884 13,557,842 12,834,500 16,817,535 16,608,826 16,341,996
Change - 11.28% 18.18% -16.09% -5.34% 31.03% -1.24% -1.61%
P/E 43.8x 40.3x 46.8x 37.1x 32.2x 30.4x 28.8x 26.2x
PBR 6.11x 5.86x 6.16x 4.75x 4.13x 4.75x 4.29x 3.85x
PEG - 2.1x 25.43x 4.73x 2.8x 0.8x 5.21x 2.6x
Capitalization / Revenue 17.6x 15.8x 17.9x 14x 12.3x 12.2x 11.3x 10.3x
EV / Revenue 16.3x 14.8x 16.7x 12.8x 11x 11.1x 10.1x 9.1x
EV / EBITDA 28.8x 26.8x 31.8x 24x 20.9x 19.4x 18.4x 16.5x
EV / EBIT 29.4x 27.4x 32.6x 24.7x 21.5x 19.8x 18.9x 16.9x
EV / FCF 47.2x 95x 111x 34.3x 108x 53.9x 38x 31.9x
FCF Yield 2.12% 1.05% 0.9% 2.91% 0.92% 1.86% 2.63% 3.14%
Dividend per Share 2 200 300 300 350 550 686.7 758 842.3
Rate of return 0.36% 0.5% 0.42% 0.57% 0.93% 0.9% 0.99% 1.1%
EPS 2 1,251 1,497 1,524 1,644 1,836 2,508 2,647 2,913
Distribution rate 16% 20% 19.7% 21.3% 30% 27.4% 28.6% 28.9%
Net sales 1 755,174 922,422 967,288 1,059,145 1,169,289 1,521,408 1,636,537 1,795,743
EBITDA 1 426,666 510,437 508,781 564,968 612,986 867,946 901,202 987,454
EBIT 1 418,045 498,914 495,014 549,775 595,759 847,743 880,630 965,971
Net income 1 303,360 362,963 369,642 398,656 445,185 610,900 640,314 702,956
Net Debt 1 -1,004,572 -940,458 -1,132,776 -1,219,234 -1,493,889 -1,701,668 -1,910,378 -2,177,207
Reference price 2 54,800.00 60,250.00 71,290.00 60,930.00 59,080.00 76,360.00 76,360.00 76,360.00
Nbr of stocks (in thousands) 242,526 242,526 242,526 242,525 242,525 242,525 - -
Announcement Date 27/04/22 27/04/23 25/04/24 25/04/25 24/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.6x5.87x17.38x0.63% 202B
30.44x11.05x19.38x0.9% 117B
47.46x6x20.27x0.89% 111B
13.31x0.3x6.7x3.78% 107B
33.48x5.49x18.04x1.02% 79.45B
57.69x6.68x28.48x0.22% 71.05B
20.48x3.42x13.09x1.31% 64.04B
17.26x1.02x11.5x0.72% 58.08B
14.87x5.23x10.62x0.85% 47.78B
Average 29.51x 5.01x 16.16x 1.15% 95.32B
Weighted average by Cap. 30.58x 5.39x 16.58x 1.16%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Keyence Corporation

Historical PBR trend

Valuation ratios - PBR - Keyence Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Keyence Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Keyence Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Keyence Corporation