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 65,16,319 - -
Change - -3.19% 115.58% 43.13% 21.9% 27.54% - -
Enterprise Value (EV) 1 15,52,201 14,84,571 29,84,791 42,73,109 49,39,589 62,55,472 60,45,513 58,83,202
Change - -4.36% 101.05% 43.16% 15.6% 26.64% -3.36% -2.68%
P/E 9.93x 12x 19.6x 23.9x 19x 21.3x 18.6x 16.6x
PBR 0.93x 0.84x 1.53x 2.15x 2.32x 2.67x 2.42x 2.15x
PEG - -0.7x 0.6x 1.4x 0.3x 1.5x 1.3x 1.3x
Capitalization / Revenue 0.47x 0.41x 0.84x 1.22x 1.43x 1.69x 1.61x 1.54x
EV / Revenue 0.51x 0.45x 0.86x 1.25x 1.38x 1.62x 1.49x 1.39x
EV / EBITDA 4.96x 4.2x 7.94x 9.68x 9.6x 10.2x 8.9x 7.99x
EV / EBIT 11.7x 8.71x 15.9x 16.7x 13.7x 13.9x 11.8x 10.3x
EV / FCF 18.4x 14.5x 17.1x 20x 12.2x 29x 19.1x 17.1x
FCF Yield 5.42% 6.91% 5.85% 4.99% 8.19% 3.45% 5.23% 5.86%
Dividend per Share 2 20 22 24 28 38 43.01 48.55 54.38
Rate of return 1.94% 2.16% 1.09% 0.89% 0.99% 0.88% 0.99% 1.11%
EPS 2 103.7 84.9 112.2 131.5 203 231.2 263.5 296
Distribution rate 19.3% 25.9% 21.4% 21.3% 18.7% 18.6% 18.4% 18.4%
Net sales 1 30,14,095 33,13,018 34,77,262 34,23,400 35,82,733 38,54,719 40,52,573 42,43,311
EBITDA 1 3,13,064 3,53,745 3,75,712 4,41,600 5,14,415 6,12,638 6,79,439 7,36,776
EBIT 1 1,32,525 1,70,447 1,88,012 2,56,500 3,59,913 4,50,584 5,13,777 5,71,392
Net income 1 1,41,277 1,14,500 1,49,521 1,75,183 2,70,228 3,06,364 3,53,248 3,95,989
Net Debt 1 1,49,044 1,26,187 56,425 81,744 -1,69,819 -2,60,847 -4,70,806 -6,33,117
Reference price 2 1,030.00 1,020.00 2,198.00 3,145.00 3,846.00 4,913.00 4,913.00 4,913.00
Nbr of stocks (in thousands) 13,62,288 13,31,749 13,32,286 13,32,707 13,28,499 13,26,342 - -
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.($)
20.85x1.59x10.01x0.89% 4.13TCr
22.16x3.64x12.7x3% 21TCr
22.65x4.76x11.69x0.73% 19TCr
15.77x1.72x9.01x3.04% 12TCr
-605.52x43.07x176.95x-.--% 12TCr
-134.54x18.71x103.57x-.--% 12TCr
13.44x2.44x9.19x6.11% 7.81TCr
19.32x5.16x12.67x2.9% 5.82TCr
-17.32x7.37x12.54x-.--% 4.94TCr
22.4x1.85x11.73x1.39% 4.48TCr
Average -62.08x 9.03x 37.01x 1.81% 10.38TCr
Weighted average by Cap. -74.55x 10.11x 41.87x 1.81%

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

  1. Stock Market
  2. Stocks
  3. 6701 Stock
  4. Valuation NEC Corporation