Company Valuation: Canon Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,929,211 2,899,801 3,575,836 4,871,959 4,070,674 3,760,872 - -
Change - -1% 23.31% 36.25% -16.45% -7.61% - -
Enterprise Value (EV) 1 2,749,080 2,944,208 3,588,005 4,889,024 4,430,852 4,068,106 3,982,640 3,897,159
Change - 7.1% 21.87% 36.26% -9.37% -8.19% -2.1% -2.15%
P/E 13.6x 12.1x 13.7x 31.2x 12.6x 11.9x 10.9x 10.2x
PBR 1.02x 0.93x 1.07x 1.48x 1.17x 1.1x 1.02x 0.96x
PEG - 0.8x 1.2x -0.8x 0x 11.17x 1.21x 1.5x
Capitalization / Revenue 0.83x 0.72x 0.86x 1.08x 0.88x 0.79x 0.76x 0.75x
EV / Revenue 0.78x 0.73x 0.86x 1.08x 0.96x 0.85x 0.81x 0.78x
EV / EBITDA 5.46x 5.08x 5.84x 9.49x 6.38x 5.9x 5.51x 5.13x
EV / EBIT 9.75x 8.33x 9.56x 17.5x 9.73x 8.97x 8.08x 7.48x
EV / FCF 10x 36x 20.4x 13.9x 19.6x 14.9x 13.1x 11.8x
FCF Yield 9.96% 2.78% 4.9% 7.17% 5.11% 6.71% 7.66% 8.45%
Dividend per Share 2 100 120 140 155 160 162.3 171.6 179.1
Rate of return 3.57% 4.2% 3.87% 3% 3.45% 3.67% 3.88% 4.04%
EPS 2 205.4 236.7 264.2 165.5 367.5 371.4 404.8 432.2
Distribution rate 48.7% 50.7% 53% 93.6% 43.5% 43.7% 42.4% 41.4%
Net sales 1 3,513,357 4,031,414 4,180,972 4,509,821 4,624,727 4,766,870 4,921,232 5,021,406
EBITDA 1 503,164 579,891 614,042 515,219 694,626 689,832 722,786 759,483
EBIT 1 281,918 353,399 375,366 279,754 455,390 453,580 493,003 520,900
Net income 1 214,718 243,961 264,513 160,025 332,053 324,614 343,302 361,327
Net Debt 1 -180,131 44,407 12,169 17,065 360,178 307,234 221,768 136,287
Reference price 2 2,801.00 2,855.50 3,620.00 5,161.00 4,633.00 4,428.00 4,428.00 4,428.00
Nbr of stocks (in thousands) 1,045,773 1,015,514 987,800 943,995 878,626 849,339 - -
Announcement Date 27/01/22 30/01/23 30/01/24 30/01/25 29/01/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.51x - - 2.64% 6.26B
13.43x0.45x5.47x2.8% 5.62B
11.42x2.24x7.29x2.07% 2.4B
9.78x0.44x4.42x2.81% 1.83B
13.37x0.66x7.76x2.45% 1.5B
15.41x - - 1.71% 1.05B
10.62x - - 3.27% 499M
28.42x0.6x5.85x1.77% 342M
Average 14.49x 0.88x 6.16x 2.44% 2.44B
Weighted average by Cap. 13.16x 0.84x 5.98x 2.57%

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