Company Valuation: SMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 44,98,029 45,04,091 54,44,322 33,82,361 37,80,140 42,53,702 - -
Change - 0.13% 20.88% -37.87% 11.76% 12.53% - -
Enterprise Value (EV) 1 38,12,519 38,92,781 49,46,102 27,31,623 31,21,362 35,58,561 34,94,499 33,99,179
Change - 2.11% 27.06% -44.77% 14.27% 14.01% -1.8% -2.73%
P/E 23.5x 20.3x 30.7x 21.7x 22.7x 19.4x 18.3x 17.4x
PBR 2.89x 2.65x 2.89x 1.75x 1.79x 1.93x 1.81x 1.7x
PEG - 1.1x -1.6x -1.9x 2.84x 0.6x 2.92x 3.63x
Capitalization / Revenue 6.18x 5.46x 7.01x 4.27x 4.49x 3.96x 3.63x 3.48x
EV / Revenue 5.24x 4.72x 6.37x 3.45x 3.7x 3.31x 2.98x 2.78x
EV / EBITDA 15.3x 13.7x 21.5x 12.2x 13.3x 10.6x 9.6x 8.9x
EV / EBIT 16.7x 15.1x 25.2x 14.4x 16.4x 13.2x 11.8x 11.1x
EV / FCF 95.6x 268x -147x 11.8x 38.3x 21.1x 18x 15.1x
FCF Yield 1.05% 0.37% -0.68% 8.49% 2.61% 4.73% 5.56% 6.64%
Dividend per Share 2 750 900 950 1,000 1,000 1,059 1,169 1,238
Rate of return 1.09% 1.29% 1.12% 1.88% 1.67% 1.57% 1.73% 1.83%
EPS 2 2,924 3,445 2,767 2,445 2,640 3,487 3,705 3,883
Distribution rate 25.7% 26.1% 34.3% 40.9% 37.9% 30.4% 31.5% 31.9%
Net sales 1 7,27,397 8,24,772 7,76,873 7,92,108 8,42,500 10,74,458 11,70,829 12,22,383
EBITDA 1 2,48,414 2,83,967 2,29,581 2,24,552 2,35,300 3,35,607 3,64,092 3,81,864
EBIT 1 2,27,857 2,58,200 1,96,226 1,90,244 1,90,500 2,70,011 2,95,185 3,06,116
Net income 1 1,92,991 2,24,609 1,78,321 1,56,344 1,67,300 2,19,176 2,32,105 2,41,930
Net Debt 1 -6,85,510 -6,11,310 -4,98,220 -6,50,738 -6,58,778 -6,95,140 -7,59,203 -8,54,523
Reference price 2 68,840.00 69,830.00 84,830.00 53,070.00 59,870.00 67,660.00 67,660.00 67,660.00
Nbr of stocks (in thousands) 65,340 64,501 64,179 63,734 63,139 62,869 - -
Announcement Date 13/05/22 15/05/23 14/05/24 14/05/25 14/05/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.41x3.31x10.6x1.57% 2.69TCr
31.11x5.52x20.13x0.84% 12TCr
33.43x5.29x20.06x1.6% 9.56TCr
28.62x3.27x18.89x0.73% 6.27TCr
38.8x7.86x23x-.--% 5.64TCr
40.2x6.27x27.65x1.9% 5.85TCr
27.11x4.99x17.47x2.22% 3.54TCr
31.31x4.1x15.45x0.11% 3.02TCr
20.93x1.79x12.9x2.24% 3.05TCr
21.57x3.13x13.5x1.08% 2.64TCr
Average 29.25x 4.55x 17.97x 1.23% 5.44TCr
Weighted average by Cap. 31.15x 5.00x 19.45x 1.16%

Y-o-Y evolution of P/E

Valuation ratios - P/E - SMC Corporation

Historical PBR trend

Valuation ratios - PBR - SMC Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - SMC Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - SMC Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - SMC Corporation
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