Company Valuation: NEC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,403,157 1,358,384 2,928,366 4,191,365 5,109,408 6,083,932 - -
Change - -3.19% 115.58% 43.13% 21.9% 19.07% - -
Enterprise Value (EV) 1 1,552,201 1,484,571 2,984,791 4,273,109 4,939,589 5,823,085 5,613,125 5,403,890
Change - -4.36% 101.05% 43.16% 15.6% 17.89% -3.61% -3.73%
P/E 9.93x 12x 19.6x 23.9x 19x 20.2x 17.7x 16x
PBR 0.93x 0.84x 1.53x 2.15x 2.32x 2.5x 2.28x 2.03x
PEG - -0.7x 0.6x 1.4x 0.3x 1.7x 1.3x 1.4x
Capitalization / Revenue 0.47x 0.41x 0.84x 1.22x 1.43x 1.59x 1.52x 1.46x
EV / Revenue 0.51x 0.45x 0.86x 1.25x 1.38x 1.52x 1.4x 1.3x
EV / EBITDA 4.96x 4.2x 7.94x 9.68x 9.6x 9.78x 8.43x 7.57x
EV / EBIT 11.7x 8.71x 15.9x 16.7x 13.7x 13.4x 11.2x 9.81x
EV / FCF 18.4x 14.5x 17.1x 20x 12.2x 27x 17.7x 15.7x
FCF Yield 5.42% 6.91% 5.85% 4.99% 8.19% 3.71% 5.64% 6.38%
Dividend per Share 2 20 22 24 28 38 43.03 48.55 54.38
Rate of return 1.94% 2.16% 1.09% 0.89% 0.99% 0.94% 1.06% 1.19%
EPS 2 103.7 84.9 112.2 131.5 203 227.2 258.8 287.4
Distribution rate 19.3% 25.9% 21.4% 21.3% 18.7% 18.9% 18.8% 18.9%
Net sales 1 3,014,095 3,313,018 3,477,262 3,423,400 3,582,733 3,818,478 4,006,488 4,168,550
EBITDA 1 313,064 353,745 375,712 441,600 514,415 595,656 666,111 714,043
EBIT 1 132,525 170,447 188,012 256,500 359,913 435,628 502,247 550,941
Net income 1 141,277 114,500 149,521 175,183 270,228 303,140 344,282 381,480
Net Debt 1 149,044 126,187 56,425 81,744 -169,819 -260,847 -470,806 -680,041
Reference price 2 1,030.00 1,020.00 2,198.00 3,145.00 3,846.00 4,587.00 4,587.00 4,587.00
Nbr of stocks (in thousands) 1,362,288 1,331,749 1,332,286 1,332,707 1,328,499 1,326,342 - -
Announcement Date 28/04/22 28/04/23 26/04/24 28/04/25 28/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.56x3.83x13.37x2.82% 226B
-129.34x18.11x98.55x-.--% 117B
13.06x1.44x7.55x3.67% 108B
14.29x2.61x9.84x5.75% 83.95B
19.69x5.19x12.76x2.89% 59.51B
13.57x1.96x8.31x5.74% 44.05B
21.08x1.72x10.71x1.39% 42.3B
19.82x1.5x9.59x0.96% 38.89B
16.98x2.13x10.12x5.15% 34.97B
Average 1.41x 4.28x 20.09x 3.15% 83.79B
Weighted average by Cap. -4.18x 5.24x 24.50x 2.94%

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

40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!