Company Valuation: Keyence Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 13,290,446 14,612,193 17,289,660 14,777,076 14,328,389 20,119,881 - -
Change - 9.95% 18.32% -14.53% -3.04% 40.42% - -
Enterprise Value (EV) 1 12,285,874 13,671,735 16,156,884 13,557,842 12,834,500 18,391,530 18,176,368 17,897,202
Change - 11.28% 18.18% -16.09% -5.34% 43.3% -1.17% -1.54%
P/E 43.8x 40.3x 46.8x 37.1x 32.2x 35.6x 31.8x 28.7x
PBR 6.11x 5.86x 6.16x 4.75x 4.13x 5.19x 4.67x 4.2x
PEG - 2.1x 25.43x 4.73x 2.8x 1.3x 2.7x 2.7x
Capitalization / Revenue 17.6x 15.8x 17.9x 14x 12.3x 13.9x 12.4x 11.2x
EV / Revenue 16.3x 14.8x 16.7x 12.8x 11x 12.7x 11.2x 10x
EV / EBITDA 28.8x 26.8x 31.8x 24x 20.9x 23.2x 20.5x 18.3x
EV / EBIT 29.4x 27.4x 32.6x 24.7x 21.5x 23.8x 21x 18.7x
EV / FCF 47.2x 95x 111x 34.3x 108x 57x 40.6x 33.8x
FCF Yield 2.12% 1.05% 0.9% 2.91% 0.92% 1.76% 2.46% 2.95%
Dividend per Share 2 200 300 300 350 550 641.4 738.6 837.5
Rate of return 0.36% 0.5% 0.42% 0.57% 0.93% 0.77% 0.89% 1.01%
EPS 2 1,251 1,497 1,524 1,644 1,836 2,329 2,606 2,888
Distribution rate 16% 20% 19.7% 21.3% 30% 27.5% 28.3% 29%
Net sales 1 755,174 922,422 967,288 1,059,145 1,169,289 1,448,044 1,624,004 1,790,116
EBITDA 1 426,666 510,437 508,781 564,968 612,986 792,795 886,825 978,099
EBIT 1 418,045 498,914 495,014 549,775 595,759 772,864 866,378 956,892
Net income 1 303,360 362,963 369,642 398,656 445,185 564,506 630,407 696,837
Net Debt 1 -1,004,572 -940,458 -1,132,776 -1,219,234 -1,493,889 -1,728,351 -1,943,513 -2,222,679
Reference price 2 54,800.00 60,250.00 71,290.00 60,930.00 59,080.00 82,960.00 82,960.00 82,960.00
Nbr of stocks (in thousands) 242,526 242,526 242,526 242,525 242,525 242,525 - -
Announcement Date 27/04/22 27/04/23 25/04/24 25/04/25 24/04/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.62x12.7x23.2x0.77% 126B
47.05x7.82x34.1x1.7% 52.58B
26.85x1.25x14.27x-.--% 40.82B
23.81x2.01x9.68x1.29% 36.93B
30.63x2.15x14.91x1.54% 29.42B
29.76x4.53x18.07x-.--% 28.83B
11.19x6.22x17.35x1.35% 28.13B
31.58x4.85x19.37x0.73% 18.6B
23.94x3.06x12.81x-.--% 16.86B
32.17x1.6x14.64x0.44% 14.14B
Average 29.26x 4.62x 17.84x 0.78% 39.21B
Weighted average by Cap. 31.75x 6.80x 20.10x 0.86%

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

  1. Stock Market
  2. Stocks
  3. 6861 Stock
  4. Valuation Keyence Corporation