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 3,843,957 - -
Change - -1% 23.31% 36.25% -16.45% -5.57% - -
Enterprise Value (EV) 1 2,749,080 2,944,208 3,588,005 4,889,024 4,430,852 4,168,324 4,117,505 3,990,271
Change - 7.1% 21.87% 36.26% -9.37% -5.93% -1.22% -3.09%
P/E 13.6x 12.1x 13.7x 31.2x 12.6x 12.4x 11.2x 10.5x
PBR 1.02x 0.93x 1.07x 1.48x 1.17x 1.09x 1.04x 0.99x
PEG - 0.8x 1.2x -0.8x 0x -12.33x 1x 1.6x
Capitalization / Revenue 0.83x 0.72x 0.86x 1.08x 0.88x 0.8x 0.78x 0.77x
EV / Revenue 0.78x 0.73x 0.86x 1.08x 0.96x 0.87x 0.84x 0.8x
EV / EBITDA 5.46x 5.08x 5.84x 9.49x 6.38x 6.1x 5.68x 5.25x
EV / EBIT 9.75x 8.33x 9.56x 17.5x 9.73x 9.3x 8.34x 7.66x
EV / FCF 10x 36x 20.4x 13.9x 19.6x 15.1x 13.6x 12.3x
FCF Yield 9.96% 2.78% 4.9% 7.17% 5.11% 6.63% 7.34% 8.13%
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% 3.59% 3.79% 3.96%
EPS 2 205.4 236.7 264.2 165.5 367.5 363.8 405.8 432.5
Distribution rate 48.7% 50.7% 53% 93.6% 43.5% 44.6% 42.3% 41.4%
Net sales 1 3,513,357 4,031,414 4,180,972 4,509,821 4,624,727 4,784,227 4,915,083 5,016,928
EBITDA 1 503,164 579,891 614,042 515,219 694,626 682,956 724,488 759,350
EBIT 1 281,918 353,399 375,366 279,754 455,390 448,270 493,611 521,144
Net income 1 214,718 243,961 264,513 160,025 332,053 315,650 344,625 361,601
Net Debt 1 -180,131 44,407 12,169 17,065 360,178 324,367 273,548 146,314
Reference price 2 2,801.00 2,855.50 3,620.00 5,161.00 4,633.00 4,526.00 4,526.00 4,526.00
Nbr of stocks (in thousands) 1,045,773 1,015,514 987,800 943,995 878,626 849,306 - -
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.($)
12.44x0.87x6.13x3.58% 23.47B
13.3x - - 2.68% 5.99B
13.09x0.45x5.44x2.83% 5.4B
11.78x2.27x7.48x1.99% 2.42B
10.57x0.41x4.31x2.42% 1.92B
16.29x0.78x9.16x2.01% 1.77B
15.36x - - 1.71% 1.02B
10.61x - - 3.27% 485M
27.91x0.6x5.77x2.02% 341M
Average 14.59x 0.90x 6.38x 2.5% 4.76B
Weighted average by Cap. 12.85x 0.87x 6.17x 3.1%

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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