FANUC CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,528 JPY | +1.64% |
|
+6.17% | +9.19% |
| 25/04 | Tech shares drag Japan's Nikkei lower | RE |
| 24/04 | Fanuc Corporation announces an Equity Buyback for 12,500,000 shares, representing 1.32% for ¥50,000 million. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 36,59,550 | 28,12,301 | 50,22,747 | 41,51,942 | 45,35,956 | 42,81,894 | - | - |
| Enterprise Value (EV) 1 | 30,37,395 | 22,79,740 | 44,35,963 | 35,50,727 | 40,06,728 | 34,50,672 | 36,72,535 | 35,97,848 |
| P/E ratio | 23.7 x | 38.4 x | 53.4 x | 26.7 x | 26.7 x | 29.8 x | 31.2 x | 25.8 x |
| Yield | 5.31% | 2.05% | 1.12% | 2.24% | 2.25% | 2.01% | 2.06% | 2.44% |
| Capitalization / Revenue | 5.76 x | 5.53 x | 9.11 x | 5.66 x | 5.32 x | 4.98 x | 5.38 x | 4.88 x |
| EV / Revenue | 4.78 x | 4.49 x | 8.05 x | 4.84 x | 4.7 x | 4.34 x | 4.61 x | 4.1 x |
| EV / EBITDA | 15 x | 17 x | 28.1 x | 15.4 x | 16.7 x | 18.1 x | 18.6 x | 14.9 x |
| EV / FCF | 58 x | 32.8 x | 46.1 x | 49.6 x | 186 x | 21.8 x | 23.8 x | 25.2 x |
| FCF Yield | 1.73% | 3.05% | 2.17% | 2.02% | 0.54% | 4.58% | 4.21% | 3.97% |
| Price to Book | 2.55 x | 2.07 x | 3.52 x | 2.7 x | 2.81 x | 2.32 x | 2.51 x | 2.43 x |
| Nbr of stocks (in thousands) | 9,69,160 | 9,59,502 | 9,59,089 | 9,59,100 | 9,52,932 | 9,45,648 | - | - |
| Reference price 2 | 3,776 | 2,931 | 5,237 | 4,329 | 4,760 | 4,528 | 4,528 | 4,528 |
| Announcement Date | 24/04/19 | 24/04/20 | 27/04/21 | 26/04/22 | 26/04/23 | 24/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,35,568 | 5,08,252 | 5,51,287 | 7,33,008 | 8,51,956 | 7,95,274 | 7,96,490 | 8,77,162 |
| EBITDA 1 | 2,03,006 | 1,34,263 | 1,57,616 | 2,30,317 | 2,40,548 | 1,90,920 | 1,97,338 | 2,42,242 |
| EBIT 1 | 1,63,297 | 88,350 | 1,12,514 | 1,83,240 | 1,91,359 | 1,41,919 | 1,47,370 | 1,90,962 |
| Operating Margin | 25.69% | 17.38% | 20.41% | 25% | 22.46% | 17.85% | 18.5% | 21.77% |
| Earnings before Tax (EBT) 1 | 2,08,540 | 1,00,843 | 1,28,744 | 2,12,917 | 2,30,103 | 1,81,755 | 1,84,781 | 2,31,057 |
| Net income 1 | 1,54,163 | 73,371 | 94,012 | 1,55,273 | 1,70,587 | 1,33,159 | 1,36,475 | 1,66,521 |
| Net margin | 24.26% | 14.44% | 17.05% | 21.18% | 20.02% | 16.74% | 17.13% | 18.98% |
| EPS 2 | 159.1 | 76.38 | 98.02 | 161.9 | 178.6 | 140.2 | 145.2 | 175.8 |
| Free Cash Flow 1 | 52,414 | 69,443 | 96,228 | 71,652 | 21,507 | 1,58,201 | 1,54,553 | 1,42,715 |
| FCF margin | 8.25% | 13.66% | 17.46% | 9.78% | 2.52% | 19.89% | 19.4% | 16.27% |
| FCF Conversion (EBITDA) | 25.82% | 51.72% | 61.05% | 31.11% | 8.94% | 82.86% | 78.32% | 58.91% |
| FCF Conversion (Net income) | 34% | 94.65% | 102.36% | 46.15% | 12.61% | 118.81% | 113.25% | 85.7% |
| Dividend per Share 2 | 200.6 | 60.00 | 58.81 | 97.14 | 107.1 | 84.14 | 93.16 | 110.4 |
| Announcement Date | 24/04/19 | 24/04/20 | 27/04/21 | 26/04/22 | 26/04/23 | 24/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,60,953 | 2,30,411 | 1,66,197 | 3,51,490 | 1,88,760 | 1,92,758 | 2,11,563 | 2,04,565 | 4,16,128 | 2,19,985 | 2,15,843 | - | 2,01,771 | 1,96,924 | 3,98,695 | 1,97,830 | 1,98,749 | 3,96,579 | 1,84,800 | 1,97,200 | - | 2,15,300 | 2,18,300 | - | - | - |
| EBITDA | - | - | 53,352 | - | 57,898 | 55,664 | 61,500 | 57,226 | - | 64,809 | 57,061 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 49,024 | 32,321 | 41,852 | 93,922 | 46,024 | 43,294 | 49,757 | 44,914 | 94,671 | 52,487 | 44,201 | - | 32,594 | 33,942 | 66,536 | 40,887 | 34,496 | 75,383 | 28,300 | 33,700 | - | 46,300 | 46,800 | - | - | - |
| Operating Margin | 18.79% | 14.03% | 25.18% | 26.72% | 24.38% | 22.46% | 23.52% | 21.96% | 22.75% | 23.86% | 20.48% | - | 16.15% | 17.24% | 16.69% | 20.67% | 17.36% | 19.01% | 15.31% | 17.09% | - | 21.5% | 21.44% | - | - | - |
| Earnings before Tax (EBT) 1 | 55,117 | 38,220 | 49,865 | 1,07,284 | 53,713 | 51,920 | 59,538 | 56,009 | 1,15,547 | 62,248 | 52,308 | - | 41,675 | 44,478 | 86,153 | 48,993 | 46,609 | - | 36,800 | 42,200 | - | 55,800 | 56,800 | - | - | - |
| Net income 1 | 40,185 | 28,112 | 38,354 | 78,649 | 40,123 | 36,501 | 42,122 | 42,092 | 84,214 | 45,593 | 40,780 | - | 30,324 | 33,613 | 63,937 | 34,403 | 34,819 | - | 27,400 | 31,250 | - | 41,650 | 36,230 | - | - | - |
| Net margin | 15.4% | 12.2% | 23.08% | 22.38% | 21.26% | 18.94% | 19.91% | 20.58% | 20.24% | 20.73% | 18.89% | - | 15.03% | 17.07% | 16.04% | 17.39% | 17.52% | - | 14.83% | 15.85% | - | 19.35% | 16.6% | - | - | - |
| EPS 2 | 41.78 | 29.31 | 39.99 | 82.01 | 41.83 | 38.06 | 44.00 | 44.00 | 88.00 | 47.75 | 42.80 | - | 31.82 | 35.28 | 67.10 | 36.33 | 36.80 | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 25.07 | 17.59 | 49.20 | 49.20 | - | 47.94 | - | 52.80 | 52.80 | - | 54.33 | 54.33 | - | 40.26 | 40.26 | - | - | 43.88 | - | - | 35.70 | - | - | 47.20 | 44.20 | 63.40 |
| Announcement Date | 28/10/19 | 29/10/20 | 27/10/21 | 27/10/21 | 26/01/22 | 26/04/22 | 27/07/22 | 27/10/22 | 27/10/22 | 27/01/23 | 26/04/23 | 26/04/23 | 28/07/23 | 31/10/23 | 31/10/23 | 26/01/24 | 24/04/24 | 24/04/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 6,22,155 | 5,32,561 | 5,86,784 | 6,01,215 | 5,29,228 | 5,06,879 | 6,12,940 | 6,91,122 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 52,414 | 69,443 | 96,228 | 71,652 | 21,507 | 1,58,201 | 1,54,553 | 1,42,715 |
| ROE (net income / shareholders' equity) | 10.6% | 5.3% | 6.8% | 10.5% | 10.8% | 8% | 8.22% | 9.82% |
| ROA (Net income/ Total Assets) | 10.9% | 6.55% | 8.21% | 12.5% | 12.6% | 9.57% | 6.93% | 8.01% |
| Assets 1 | 14,09,382 | 11,19,604 | 11,45,609 | 12,40,305 | 13,48,571 | 13,91,839 | 19,70,710 | 20,77,580 |
| Book Value Per Share 2 | 1,484 | 1,413 | 1,486 | 1,601 | 1,695 | 1,804 | 1,805 | 1,866 |
| Cash Flow per Share 2 | 200.0 | 124.0 | 145.0 | 211.0 | 230.0 | 192.0 | 225.0 | 276.0 |
| Capex 1 | 1,25,324 | 75,429 | 21,768 | 34,363 | 47,066 | 53,884 | 51,663 | 61,927 |
| Capex / Sales | 19.72% | 14.84% | 3.95% | 4.69% | 5.52% | 6.78% | 6.48% | 7.06% |
| Announcement Date | 24/04/19 | 24/04/20 | 27/04/21 | 26/04/22 | 26/04/23 | 24/04/24 | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
4,528
JPY
Average target price
4,762
JPY
Spread / Average Target
+5.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.19% | 27.2B | |
| +11.73% | 82.35B | |
| +20.17% | 71.09B | |
| +20.89% | 37.72B | |
| +15.77% | 32.01B | |
| +3.18% | 26.74B | |
| +4.22% | 26B | |
| +16.93% | 25.5B | |
| +17.14% | 24.76B | |
| +17.30% | 17.84B |
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- Financials Fanuc Corporation
