Company Valuation: Renesas Electronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,764,012 2,118,920 4,510,709 3,667,244 3,878,230 6,319,458 - -
Change - -23.34% 112.88% -18.7% 5.75% 62.95% - -
Enterprise Value (EV) 1 3,356,176 2,538,595 4,726,976 4,852,369 4,750,299 6,893,977 6,530,882 6,046,382
Change - -24.36% 86.2% 2.65% -2.1% 45.13% -5.27% -7.42%
P/E 20.6x 8.6x 13.4x 16.9x -74.7x 20.7x 17.7x 15.5x
PBR 2.39x 1.39x 2.31x 1.45x 1.59x 2.1x 1.9x 1.69x
PEG - 0.1x 0.4x -0.5x 1x -0x 1x 1.1x
Capitalization / Revenue 2.78x 1.41x 3.07x 2.72x 2.94x 3.81x 3.5x 3.17x
EV / Revenue 3.38x 1.69x 3.22x 3.6x 3.6x 4.16x 3.61x 3.03x
EV / EBITDA 10.5x 3.97x 8.12x 9.98x 10.2x 11x 9.08x 7.46x
EV / EBIT 18.3x 4.54x 9.42x 12.2x 12.3x 12.5x 10.4x 8.47x
EV / FCF -9.43x 6.65x 20.6x 23x 14.5x 19.7x 15.4x 12.6x
FCF Yield -10.6% 15% 4.85% 4.34% 6.91% 5.07% 6.47% 7.94%
Dividend per Share 2 - - - 28 28 32.1 33.21 37.33
Rate of return - - - 1.37% 1.31% 0.93% 0.96% 1.08%
EPS 2 68.96 137.7 189.8 120.8 -28.65 167.1 195.5 223.1
Distribution rate - - - 23.2% -97.7% 19.2% 17% 16.7%
Net sales 1 994,418 1,500,900 1,469,415 1,348,479 1,321,200 1,658,273 1,808,101 1,993,289
EBITDA 1 320,097 639,200 581,900 486,200 464,100 626,981 718,960 810,711
EBIT 1 183,601 559,400 501,600 397,900 386,900 552,553 626,367 713,832
Net income 1 127,261 256,632 337,086 219,084 -51,800 302,982 356,854 413,655
Net Debt 1 592,164 419,675 216,267 1,185,125 872,069 574,519 211,425 -273,076
Reference price 2 1,423.00 1,183.50 2,549.00 2,046.50 2,140.00 3,458.00 3,458.00 3,458.00
Nbr of stocks (in thousands) 1,942,383 1,790,384 1,769,599 1,791,959 1,812,257 1,827,489 - -
Announcement Date 09/02/22 09/02/23 08/02/24 06/02/25 05/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.79x12.95x19.62x0.33% 5,486B
23.01x11.3x15.32x1.09% 2,014B
38.52x16.23x23.84x0.73% 1,695B
14.5x8.9x10.7x0.05% 1,203B
106.29x19.25x73.16x-.--% 992B
5x3.22x3.89x0.2% 949B
-50.23x10.02x27.88x-.--% 609B
232.94x51.14x104.16x-.--% 314B
Average 49.10x 16.63x 34.82x 0.3% 1,658B
Weighted average by Cap. 30.67x 13.29x 23.96x 0.42%

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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