Company Valuation: Canon Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,29,211 28,99,801 35,75,836 48,71,959 40,70,674 36,84,287 - -
Change - -1% 23.31% 36.25% -16.45% -9.49% - -
Enterprise Value (EV) 1 27,49,080 29,44,208 35,88,005 48,89,024 44,30,852 40,08,655 39,57,836 38,30,601
Change - 7.1% 21.87% 36.26% -9.37% -9.53% -1.27% -3.21%
P/E 13.6x 12.1x 13.7x 31.2x 12.6x 12x 10.7x 10x
PBR 1.02x 0.93x 1.07x 1.48x 1.17x 1.05x 1x 0.95x
PEG - 0.8x 1.2x -0.8x 0x -6.84x 0.8x 1.51x
Capitalization / Revenue 0.83x 0.72x 0.86x 1.08x 0.88x 0.77x 0.75x 0.74x
EV / Revenue 0.78x 0.73x 0.86x 1.08x 0.96x 0.84x 0.81x 0.77x
EV / EBITDA 5.46x 5.08x 5.84x 9.49x 6.38x 5.9x 5.43x 5.02x
EV / EBIT 9.75x 8.33x 9.56x 17.5x 9.73x 9.01x 8x 7.33x
EV / FCF 10x 36x 20.4x 13.9x 19.6x 14.5x 13.1x 11.8x
FCF Yield 9.96% 2.78% 4.9% 7.17% 5.11% 6.89% 7.63% 8.47%
Dividend per Share 2 100 120 140 155 160 162.6 171.8 179.1
Rate of return 3.57% 4.2% 3.87% 3% 3.45% 3.75% 3.96% 4.13%
EPS 2 205.4 236.7 264.2 165.5 367.5 361 406.8 433.7
Distribution rate 48.7% 50.7% 53% 93.6% 43.5% 45% 42.2% 41.3%
Net sales 1 35,13,357 40,31,414 41,80,972 45,09,821 46,24,727 47,71,982 49,03,992 50,00,128
EBITDA 1 5,03,164 5,79,891 6,14,042 5,15,219 6,94,626 6,79,366 7,28,588 7,63,200
EBIT 1 2,81,918 3,53,399 3,75,366 2,79,754 4,55,390 4,44,960 4,94,493 5,22,644
Net income 1 2,14,718 2,43,961 2,64,513 1,60,025 3,32,053 3,13,268 3,45,947 3,63,556
Net Debt 1 -1,80,131 44,407 12,169 17,065 3,60,178 3,24,367 2,73,548 1,46,314
Reference price 2 2,801.00 2,855.50 3,620.00 5,161.00 4,633.00 4,338.00 4,338.00 4,338.00
Nbr of stocks (in thousands) 10,45,773 10,15,514 9,87,800 9,43,995 8,78,626 8,49,306 - -
Announcement Date 27/01/22 30/01/23 30/01/24 30/01/25 29/01/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.94x - - 2.71% 582.68Cr
12.19x0.43x5.13x3.14% 507.28Cr
11.1x2.2x7.23x2.11% 227.81Cr
16.65x0.79x9.34x1.97% 184.22Cr
9.67x0.39x4.01x2.68% 175.79Cr
13.96x - - 1.88% 94Cr
10.03x - - 3.56% 47Cr
27.93x0.61x5.89x2.01% 35Cr
Average 14.56x 0.88x 6.32x 2.51% 231.75Cr
Weighted average by Cap. 13.46x 0.84x 6.09x 2.65%

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