Company Valuation: Keyence Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,32,90,446 1,46,12,193 1,72,89,660 1,47,77,076 1,43,28,389 1,85,19,215 - -
Change - 9.95% 18.32% -14.53% -3.04% 29.25% - -
Enterprise Value (EV) 1 1,22,85,874 1,36,71,735 1,61,56,884 1,35,57,842 1,28,34,500 1,68,19,451 1,66,13,529 1,63,48,411
Change - 11.28% 18.18% -16.09% -5.34% 31.05% -1.22% -1.6%
P/E 43.8x 40.3x 46.8x 37.1x 32.2x 33.9x 30.3x 27.4x
PBR 6.11x 5.86x 6.16x 4.75x 4.13x 4.96x 4.46x 4x
PEG - 2.1x 25.43x 4.73x 2.8x 1.2x 2.6x 2.6x
Capitalization / Revenue 17.6x 15.8x 17.9x 14x 12.3x 12.8x 11.4x 10.3x
EV / Revenue 16.3x 14.8x 16.7x 12.8x 11x 11.6x 10.2x 9.14x
EV / EBITDA 28.8x 26.8x 31.8x 24x 20.9x 21.1x 18.7x 16.7x
EV / EBIT 29.4x 27.4x 32.6x 24.7x 21.5x 21.7x 19.1x 17.1x
EV / FCF 47.2x 95x 111x 34.3x 108x 54.2x 38.7x 32.5x
FCF Yield 2.12% 1.05% 0.9% 2.91% 0.92% 1.84% 2.58% 3.08%
Dividend per Share 2 200 300 300 350 550 645.3 741.3 837.7
Rate of return 0.36% 0.5% 0.42% 0.57% 0.93% 0.81% 0.94% 1.06%
EPS 2 1,251 1,497 1,524 1,644 1,836 2,336 2,613 2,890
Distribution rate 16% 20% 19.7% 21.3% 30% 27.6% 28.4% 29%
Net sales 1 7,55,174 9,22,422 9,67,288 10,59,145 11,69,289 14,49,919 16,24,910 17,89,547
EBITDA 1 4,26,666 5,10,437 5,08,781 5,64,968 6,12,986 7,95,771 8,89,679 9,79,365
EBIT 1 4,18,045 4,98,914 4,95,014 5,49,775 5,95,759 7,75,761 8,69,269 9,58,327
Net income 1 3,03,360 3,62,963 3,69,642 3,98,656 4,45,185 5,66,158 6,32,169 6,97,410
Net Debt 1 -10,04,572 -9,40,458 -11,32,776 -12,19,234 -14,93,889 -16,99,765 -19,05,686 -21,70,804
Reference price 2 54,800.00 60,250.00 71,290.00 60,930.00 59,080.00 79,190.00 79,190.00 79,190.00
Nbr of stocks (in thousands) 2,42,526 2,42,526 2,42,526 2,42,525 2,42,525 2,42,525 - -
Announcement Date 27/04/22 27/04/23 25/04/24 25/04/25 24/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.89x12.07x22x0.81% 12TCr
31.61x5.92x17.63x0.63% 20TCr
48.31x6.1x20.62x0.88% 11TCr
13.5x0.31x6.8x3.73% 11TCr
32.63x5.34x17.54x1.05% 7.71TCr
58.14x6.79x29.66x0.2% 7.16TCr
20.34x3.4x13x1.32% 6.36TCr
17.85x1.05x11.86x0.7% 6.01TCr
16.72x5.91x12.01x0.76% 5.37TCr
33.01x4.6x17.43x0.02% 4.72TCr
Average 30.60x 5.15x 16.86x 1.01% 9.16TCr
Weighted average by Cap. 31.50x 5.55x 17.19x 1.08%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Keyence Corporation

Historical PBR trend

Valuation ratios - PBR - Keyence Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Keyence Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Keyence Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Keyence Corporation
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