Valuation NEC Corporation

Equities

6701

JP3733000008

IT Services & Consulting

Market Closed - Japan Exchange Other stock markets 06:30:00 15/01/2026 GMT			5-day change	1st Jan Change
5,922.00 ^JPY	-0.27%		+4.96%	+11.53%

12-29	NEC Exits 4G and 5G Base Station Market Amid Financial Struggles	MT
12-16	NEC Corporation - Analyst/Investor Day

Company Valuation: NEC Corporation

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	1,776,673	1,403,157	1,358,384	2,928,366	4,191,365	7,894,889	-	-
Change	-	-21.02%	-3.19%	115.58%	43.13%	88.36%	-	-
Enterprise Value (EV) ¹	1,956,184	1,552,201	1,484,571	2,984,791	4,273,109	7,757,899	7,535,886	7,288,478
Change	-	-20.65%	-4.36%	101.05%	43.16%	81.55%	-2.86%	-3.28%
P/E ratio	11.7x	9.93x	12x	19.6x	23.9x	32x	27.1x	23.6x
PBR	1.36x	0.93x	0.84x	1.53x	2.15x	3.67x	3.28x	2.97x
PEG	-	-1.43x	-0.7x	0.6x	1.4x	0.8x	1.5x	1.6x
Capitalization / Revenue	0.59x	0.47x	0.41x	0.84x	1.22x	2.22x	2.11x	2x
EV / Revenue	0.65x	0.51x	0.45x	0.86x	1.25x	2.18x	2.01x	1.85x
EV / EBITDA	6.09x	4.96x	4.2x	7.94x	9.68x	15.1x	12.9x	11.5x
EV / EBIT	12.7x	11.7x	8.71x	15.9x	16.7x	22.1x	18.1x	15.6x
EV / FCF	12.8x	18.4x	14.5x	17.1x	20x	31.4x	24x	22x
FCF Yield	7.79%	5.42%	6.91%	5.85%	4.99%	3.18%	4.17%	4.54%
Dividend per Share ²	18	20	22	24	28	33.73	40.63	46.05
Rate of return	1.38%	1.94%	2.16%	1.09%	0.89%	0.57%	0.69%	0.78%
EPS ²	111.4	103.7	84.9	112.2	131.5	184.9	218.5	250.9
Distribution rate	16.2%	19.3%	25.9%	21.4%	21.3%	18.2%	18.6%	18.4%
Net sales ¹	2,994,023	3,014,095	3,313,018	3,477,262	3,423,400	3,554,636	3,746,354	3,941,526
EBITDA ¹	321,372	313,064	353,745	375,712	441,600	514,902	581,954	635,163
EBIT ¹	153,759	132,525	170,447	188,012	256,500	350,720	415,500	467,100
Net income ¹	149,606	141,277	114,500	149,521	175,183	246,962	292,431	334,198
Net Debt ¹	179,511	149,044	126,187	56,425	81,744	-136,990	-359,003	-606,411
Reference price ²	1,304.00	1,030.00	1,020.00	2,198.00	3,145.00	5,922.00	5,922.00	5,922.00
Nbr of stocks (in thousands)	1,362,479	1,362,288	1,331,749	1,332,286	1,332,707	1,333,146	-	-
Announcement Date	12/05/21	28/04/22	28/04/23	26/04/24	28/04/25	-	-	-

¹JPY in Million²JPY

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
NEC CORPORATION	32.11x	2.19x	15.11x	0.57%	50.03B
IBM	34.54x	4.95x	17.67x	2.17%	289B
ACCENTURE PLC	21.43x	2.32x	12.42x	2.26%	178B
TATA CONSULTANCY SERVICES LTD.	22.92x	4.22x	15.52x	3.83%	128B
AUTOMATIC DATA PROCESSING, INC.	23.66x	4.78x	16.36x	2.47%	105B
RELX PLC	27.37x	6.54x	16.38x	2.15%	75.52B
SNOWFLAKE INC.	-51.94x	14.61x	107.21x	-.--%	70.55B
INFOSYS LIMITED	22.88x	3.45x	14.55x	3.15%	71.69B
FUJITSU LIMITED	19.06x	2.23x	15.19x	0.65%	51.43B
HCL TECHNOLOGIES LIMITED	26.38x	3.28x	15.7x	3.44%	50.01B
Average	17.84x	4.86x	24.61x	2.07%	106.81B
Weighted average by Cap.	21.66x	4.72x	21.69x	2.25%