Company Valuation: NEC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 14,03,157 13,58,384 29,28,366 41,91,365 51,09,408 56,23,697 - -
Change - -3.19% 115.58% 43.13% 21.9% 10.07% - -
Enterprise Value (EV) 1 15,52,201 14,84,571 29,84,791 42,73,109 49,39,589 53,19,544 51,91,139 49,02,610
Change - -4.36% 101.05% 43.16% 15.6% 7.69% -2.41% -5.56%
P/E 9.93x 12x 19.6x 23.9x 19x 19.6x 17.1x 15.5x
PBR 0.93x 0.84x 1.53x 2.15x 2.32x 2.32x 2.11x 1.89x
PEG - -0.7x 0.6x 1.4x 0.3x 2.9x 1.2x 1.4x
Capitalization / Revenue 0.47x 0.41x 0.84x 1.22x 1.43x 1.53x 1.45x 1.4x
EV / Revenue 0.51x 0.45x 0.86x 1.25x 1.38x 1.45x 1.34x 1.22x
EV / EBITDA 4.96x 4.2x 7.94x 9.68x 9.6x 9.17x 8.04x 7.11x
EV / EBIT 11.7x 8.71x 15.9x 16.7x 13.7x 12.6x 10.8x 9.32x
EV / FCF 18.4x 14.5x 17.1x 20x 12.2x 17.6x 16.5x 14x
FCF Yield 5.42% 6.91% 5.85% 4.99% 8.19% 5.69% 6.04% 7.13%
Dividend per Share 2 20 22 24 28 38 42.74 47.71 52.52
Rate of return 1.94% 2.16% 1.09% 0.89% 0.99% 1.01% 1.13% 1.24%
EPS 2 103.7 84.9 112.2 131.5 203 216.7 247.4 274.4
Distribution rate 19.3% 25.9% 21.4% 21.3% 18.7% 19.7% 19.3% 19.1%
Net sales 1 30,14,095 33,13,018 34,77,262 34,23,400 35,82,733 36,81,345 38,71,073 40,26,472
EBITDA 1 3,13,064 3,53,745 3,75,712 4,41,600 5,14,415 5,79,958 6,45,706 6,89,497
EBIT 1 1,32,525 1,70,447 1,88,012 2,56,500 3,59,913 4,22,007 4,79,978 5,25,847
Net income 1 1,41,277 1,14,500 1,49,521 1,75,183 2,70,228 2,88,853 3,29,142 3,64,182
Net Debt 1 1,49,044 1,26,187 56,425 81,744 -1,69,819 -3,04,152 -4,32,558 -7,21,087
Reference price 2 1,030.00 1,020.00 2,198.00 3,145.00 3,846.00 4,240.00 4,240.00 4,240.00
Nbr of stocks (in thousands) 13,62,288 13,31,749 13,32,286 13,32,707 13,28,499 13,26,344 - -
Announcement Date 28/04/22 28/04/23 26/04/24 28/04/25 28/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.07x3.42x11.89x3.27% 19TCr
-92.86x14.68x84.97x-.--% 9.19TCr
10.27x1.13x5.93x4.68% 8.49TCr
14.54x2.65x10.01x5.65% 8.38TCr
19.18x5.09x12.52x2.95% 5.7TCr
13.66x1.98x8.37x5.76% 4.38TCr
18.54x1.49x9.37x1.6% 3.43TCr
16.96x2.19x10.16x5.1% 3.48TCr
21.13x2.45x16.03x2.84% 2.87TCr
Average 4.61x 3.90x 18.81x 3.54% 7.26TCr
Weighted average by Cap. 1.50x 4.45x 20.93x 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