Company Valuation: SMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,498,029 4,504,091 5,444,322 3,382,361 3,780,140 4,352,411 - -
Change - 0.13% 20.88% -37.87% 11.76% 15.14% - -
Enterprise Value (EV) 1 3,812,519 3,892,781 4,946,102 2,731,623 3,121,362 3,678,091 3,642,715 3,574,754
Change - 2.11% 27.06% -44.77% 14.27% 17.84% -0.96% -1.87%
P/E 23.5x 20.3x 30.7x 21.7x 22.7x 23.9x 21.8x 20.5x
PBR 2.89x 2.65x 2.89x 1.75x 1.79x 2.03x 1.93x 1.82x
PEG - 1.1x -1.6x -1.9x 2.84x 2.46x 2.3x 3.04x
Capitalization / Revenue 6.18x 5.46x 7.01x 4.27x 4.49x 4.41x 4.05x 3.86x
EV / Revenue 5.24x 4.72x 6.37x 3.45x 3.7x 3.72x 3.39x 3.17x
EV / EBITDA 15.3x 13.7x 21.5x 12.2x 13.3x 12.5x 11.4x 10.6x
EV / EBIT 16.7x 15.1x 25.2x 14.4x 16.4x 16x 14.3x 13.4x
EV / FCF 95.6x 268x -147x 11.8x 38.3x 30.9x 23.5x 21.7x
FCF Yield 1.05% 0.37% -0.68% 8.49% 2.61% 3.24% 4.26% 4.6%
Dividend per Share 2 750 900 950 1,000 1,000 1,056 1,157 1,210
Rate of return 1.09% 1.29% 1.12% 1.88% 1.67% 1.52% 1.67% 1.75%
EPS 2 2,924 3,445 2,767 2,445 2,640 2,896 3,171 3,385
Distribution rate 25.7% 26.1% 34.3% 40.9% 37.9% 36.5% 36.5% 35.7%
Net sales 1 727,397 824,772 776,873 792,108 842,500 987,779 1,075,518 1,126,808
EBITDA 1 248,414 283,967 229,581 224,552 235,300 294,293 319,005 336,826
EBIT 1 227,857 258,200 196,226 190,244 190,500 230,421 254,194 266,615
Net income 1 192,991 224,609 178,321 156,344 167,300 183,378 200,441 210,860
Net Debt 1 -685,510 -611,310 -498,220 -650,738 -658,778 -674,320 -709,696 -777,657
Reference price 2 68,840.00 69,830.00 84,830.00 53,070.00 59,870.00 69,230.00 69,230.00 69,230.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.9x3.72x12.5x1.52% 26.81B
35.01x6.02x22.33x0.77% 120B
31.02x5.73x19.81x1.95% 38.15B
34.34x4.39x16.19x0.1% 32.18B
21.04x1.74x12.77x2.31% 29.91B
26.85x3.23x14.07x1.42% 29.18B
23.62x3.46x14.93x1% 28.84B
112.3x38.8x90.97x0.34% 26.36B
25.9x3.35x16.01x1.75% 24B
20.69x4.22x14.63x2.42% 21.29B
Average 35.47x 7.46x 23.42x 1.36% 37.69B
Weighted average by Cap. 35.16x 6.95x 22.85x 1.2%

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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