Company Valuation: Nissan Motor Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,410,105 2,144,255 1,962,180 2,275,136 1,322,533 1,293,423 - -
Change - -11.03% -8.49% 15.95% -41.87% -2.2% - -
Enterprise Value (EV) 1 7,975,311 5,708,666 6,986,856 7,954,383 7,224,881 7,204,151 7,640,077 7,749,650
Change - -28.42% 22.39% 13.85% -9.17% -0.29% 6.05% 1.43%
P/E ratio -5.37x 9.95x 8.84x 5.51x -2.02x -2.23x 27.3x 7.59x
PBR 0.61x 0.47x 0.38x 0.38x 0.27x 0.29x 0.29x 0.28x
PEG - -0x 3.04x 0.1x 0x 0.2x -0x 0x
Capitalization / Revenue 0.31x 0.25x 0.19x 0.18x 0.1x 0.11x 0.1x 0.1x
EV / Revenue 1.01x 0.68x 0.66x 0.63x 0.57x 0.6x 0.61x 0.6x
EV / EBITDA 74x 10.6x 9.81x 8.64x 16.5x 30.1x 19.1x 14.6x
EV / EBIT -52.9x 23.1x 18.5x 14x 104x -190x 58.7x 34.2x
EV / FCF 8.36x 8.15x 9.03x 53.7x -33.2x -11.7x -35x 49x
FCF Yield 12% 12.3% 11.1% 1.86% -3.01% -8.52% -2.86% 2.04%
Dividend per Share 2 - 5 10 20 - - 1 5.901
Rate of return - 0.91% 2% 3.29% - - 0.27% 1.59%
EPS 2 -114.7 55.07 56.67 110.5 -187.1 -166.3 13.58 48.75
Distribution rate - 9.08% 17.6% 18.1% - - 7.37% 12.1%
Net sales 1 7,862,572 8,424,600 10,596,700 12,685,716 12,633,214 12,054,771 12,479,448 12,848,606
EBITDA 1 107,763 536,700 712,342 920,402 437,744 239,400 400,612 529,089
EBIT 1 -150,651 247,300 377,100 568,718 69,798 -38,014 130,202 226,583
Net income 1 -448,697 215,500 221,900 426,649 -670,898 -585,003 47,784 173,557
Net Debt 1 5,565,206 3,564,411 5,024,676 5,679,247 5,902,348 5,910,728 6,346,655 6,456,227
Reference price 2 615.90 547.80 501.10 608.30 378.70 370.00 370.00 370.00
Nbr of stocks (in thousands) 3,913,143 3,914,302 3,915,745 3,740,155 3,492,298 3,495,737 - -
Announcement Date 11/05/21 12/05/22 11/05/23 09/05/24 13/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-2.23x0.6x30.09x-.--% 8.11B
11.3x1.44x13.33x2.92% 268B
11.9x1.34x14.4x2.11% 85.38B
6.56x0.32x2.44x0.92% 71.28B
8.05x0.03x0.21x4.81% 59.58B
8.83x0.15x1.4x6.36% 57.01B
4.43x0.03x0.3x6.77% 53.67B
19.37x0.27x3.76x4.72% 51.26B
25.21x2.36x16.27x0.9% 38.75B
-16.9x0.59x9.98x5.24% 32.77B
Average 7.65x 0.71x 9.22x 3.47% 72.6B
Weighted average by Cap. 9.82x 0.92x 8.93x 3.43%

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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