Company Valuation: Nidec Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 78,69,322 56,56,393 39,29,237 35,22,295 28,61,883 32,34,886 - -
Change - -28.12% -30.53% -10.36% -18.75% 13.03% - -
Enterprise Value (EV) 1 81,81,271 60,52,448 44,48,488 39,06,189 32,51,690 35,38,434 33,73,122 31,98,393
Change - -26.02% -26.5% -12.19% -16.76% 8.82% -4.67% -5.18%
P/E 64.5x 41.6x 87.5x 28.1x 17.1x 23.3x 17.7x 15.4x
PBR 7.18x 4.37x 2.9x 2.16x 1.66x 1.81x 1.65x 1.51x
PEG - 3.3x -1.3x 0x 0.5x -1.5x 0.6x 1x
Capitalization / Revenue 4.86x 2.95x 1.75x 1.5x 1.1x 1.23x 1.19x 1.14x
EV / Revenue 5.06x 3.16x 1.98x 1.66x 1.25x 1.34x 1.24x 1.13x
EV / EBITDA 32.1x 21.9x 20.3x 13.3x 8.6x 11.2x 8.61x 7.56x
EV / EBIT 51.1x 35.3x 44.4x 23.9x 13.5x 26.2x 13.7x 11.4x
EV / FCF 69x -344x -207x 23.3x 23.7x 30.9x 19.7x 16.7x
FCF Yield 1.45% -0.29% -0.48% 4.3% 4.22% 3.24% 5.08% 5.99%
Dividend per Share 2 30 32.5 35 37.5 40 43.33 45.62 48.75
Rate of return 0.45% 0.67% 1.02% 1.22% 1.61% 1.52% 1.6% 1.71%
EPS 2 104.1 117.2 39.1 109.1 146 122.7 161.5 185.4
Distribution rate 28.8% 27.7% 89.5% 34.4% 27.4% 35.3% 28.3% 26.3%
Net sales 1 16,18,064 19,18,174 22,42,824 23,48,202 26,07,100 26,37,692 27,17,725 28,35,453
EBITDA 1 2,55,011 2,76,411 2,19,550 2,94,696 3,78,268 3,16,220 3,91,864 4,22,822
EBIT 1 1,60,011 1,71,487 1,00,081 1,63,106 2,40,200 1,35,237 2,46,743 2,81,251
Net income 1 1,21,977 1,36,870 45,003 1,25,387 1,67,700 1,40,209 1,84,565 2,11,299
Net Debt 1 3,11,949 3,96,055 5,19,251 3,83,894 3,89,807 3,03,548 1,38,235 -36,493
Reference price 2 6,717.50 4,874.00 3,422.50 3,065.00 2,492.00 2,856.00 2,856.00 2,856.00
Nbr of stocks (in thousands) 11,71,466 11,60,524 11,48,061 11,49,199 11,48,428 11,46,310 - -
Announcement Date 22/04/21 21/04/22 24/04/23 23/04/24 24/04/25 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
25.14x3.01x16.45x2.05% 24TCr
14.53x1.81x8.21x3.52% 21TCr
30.85x3.95x18.26x1.58% 19TCr
38.87x5.78x24.33x1.01% 17TCr
46.37x6.22x27.89x1.07% 16TCr
41.18x6.77x27.22x0.1% 9.58TCr
92.07x11.47x65.37x0.34% 9.56TCr
31.64x5.12x17.81x1.43% 8.62TCr
33.6x7.27x22.82x0.55% 5.65TCr
Average 39.36x 5.71x 25.37x 1.3% 14.42TCr
Weighted average by Cap. 35.50x 4.92x 22.54x 1.59%

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

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  5. Valuation Nidec Corporation