Company Valuation: Renesas Electronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,64,012 21,18,920 45,10,709 36,67,244 38,78,230 65,33,274 - -
Change - -23.34% 112.88% -18.7% 5.75% 68.46% - -
Enterprise Value (EV) 1 33,56,176 25,38,595 47,26,976 48,52,369 47,50,299 71,07,793 67,44,699 62,60,198
Change - -24.36% 86.2% 2.65% -2.1% 49.63% -5.11% -7.18%
P/E 20.6x 8.6x 13.4x 16.9x -74.7x 21.4x 18.3x 16x
PBR 2.39x 1.39x 2.31x 1.45x 1.59x 2.17x 1.96x 1.75x
PEG - 0.1x 0.4x -0.5x 1x -0x 1.1x 1.1x
Capitalization / Revenue 2.78x 1.41x 3.07x 2.72x 2.94x 3.94x 3.6x 3.27x
EV / Revenue 3.38x 1.69x 3.22x 3.6x 3.6x 4.29x 3.72x 3.13x
EV / EBITDA 10.5x 3.97x 8.12x 9.98x 10.2x 11.3x 9.3x 7.65x
EV / EBIT 18.3x 4.54x 9.42x 12.2x 12.3x 12.9x 10.7x 8.69x
EV / FCF -9.43x 6.65x 20.6x 23x 14.5x 20.4x 16x 13x
FCF Yield -10.6% 15% 4.85% 4.34% 6.91% 4.91% 6.27% 7.67%
Dividend per Share 2 - - - 28 28 32.1 33.21 37.33
Rate of return - - - 1.37% 1.31% 0.9% 0.93% 1.04%
EPS 2 68.96 137.7 189.8 120.8 -28.65 167.1 195.5 223.1
Distribution rate - - - 23.2% -97.7% 19.2% 17% 16.7%
Net sales 1 9,94,418 15,00,900 14,69,415 13,48,479 13,21,200 16,58,346 18,13,387 19,99,289
EBITDA 1 3,20,097 6,39,200 5,81,900 4,86,200 4,64,100 6,30,714 7,25,182 8,18,854
EBIT 1 1,83,601 5,59,400 5,01,600 3,97,900 3,86,900 5,51,984 6,31,967 7,20,166
Net income 1 1,27,261 2,56,632 3,37,086 2,19,084 -51,800 3,02,982 3,61,854 4,19,280
Net Debt 1 5,92,164 4,19,675 2,16,267 11,85,125 8,72,069 5,74,519 2,11,425 -2,73,076
Reference price 2 1,423.00 1,183.50 2,549.00 2,046.50 2,140.00 3,575.00 3,575.00 3,575.00
Nbr of stocks (in thousands) 19,42,383 17,90,384 17,69,599 17,91,959 18,12,257 18,27,489 - -
Announcement Date 09/02/22 09/02/23 08/02/24 06/02/25 05/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.4x4.29x11.27x0.9% 4.14TCr
23.43x13.34x20.12x0.32% 5,64900Cr
23.23x11.42x15.48x1.08% 2,03500Cr
38.4x16.23x23.84x0.73% 1,69500Cr
14.63x8.98x10.8x0.05% 1,21400Cr
110.59x20.07x76.37x-.--% 1,03500Cr
5.22x3.39x4.09x0.19% 1LCr
-51.7x10.3x28.67x-.--% 63TCr
243.9x53.58x109.14x-.--% 33TCr
Average 47.68x 15.73x 33.31x 0.36% 1,51400Cr
Weighted average by Cap. 31.62x 13.61x 24.67x 0.41%

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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