Company Valuation: SMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,249,298 4,498,029 4,504,091 5,444,322 3,382,361 4,785,941 - -
Change - 5.85% 0.13% 20.88% -37.87% 41.5% - -
Enterprise Value (EV) 1 3,619,539 3,812,519 3,892,781 4,946,102 2,731,623 3,121,362 4,111,621 4,076,245
Change - 5.33% 2.11% 27.06% -44.77% 14.27% -1.34% -0.86%
P/E 35.1x 23.5x 20.3x 30.7x 21.7x 22.7x 26.3x 24.1x
PBR 3.09x 2.89x 2.65x 2.89x 1.75x 1.79x 2.24x 2.14x
PEG - 0.4x 1.1x -1.6x -1.9x 2.84x 1.9x 2.6x
Capitalization / Revenue 7.7x 6.18x 5.46x 7.01x 4.27x 4.49x 4.85x 4.48x
EV / Revenue 6.56x 5.24x 4.72x 6.37x 3.45x 3.7x 4.17x 3.82x
EV / EBITDA 21.1x 15.3x 13.7x 21.5x 12.2x 13.3x 14x 12.8x
EV / EBIT 23.6x 16.7x 15.1x 25.2x 14.4x 16.4x 17.9x 16.1x
EV / FCF 18.7x 95.6x 268x -147x 11.8x 38.3x 34.5x 26.2x
FCF Yield 5.36% 1.05% 0.37% -0.68% 8.49% 2.61% 2.9% 3.81%
Dividend per Share 2 500 750 900 950 1,000 1,000 1,068 1,178
Rate of return 0.78% 1.09% 1.29% 1.12% 1.88% 1.67% 1.41% 1.55%
EPS 2 1,832 2,924 3,445 2,767 2,445 2,640 2,880 3,148
Distribution rate 27.3% 25.7% 26.1% 34.3% 40.9% 37.9% 37.1% 37.4%
Net sales 1 552,100 727,397 824,772 776,873 792,108 842,500 986,235 1,067,324
EBITDA 1 171,800 248,414 283,967 229,581 224,552 235,300 293,946 317,598
EBIT 1 153,300 227,857 258,200 196,226 190,244 190,500 229,893 253,052
Net income 1 121,700 192,991 224,609 178,321 156,344 167,300 182,371 198,955
Net Debt 1 -629,759 -685,510 -611,310 -498,220 -650,738 -658,778 -674,320 -709,696
Reference price 2 64,310.00 68,840.00 69,830.00 84,830.00 53,070.00 75,800.00 75,800.00 75,800.00
Nbr of stocks (in thousands) 66,075 65,340 64,501 64,179 63,734 63,139 - -
Announcement Date 14/05/21 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.($)
29.98x4.99x17.84x1.33% 29.67B
35.38x6.07x22.6x0.76% 121B
34.89x6.54x22.43x1.73% 43.04B
33.36x4.3x15.88x0.11% 31.54B
21.17x1.75x12.91x2.3% 30B
23.63x3.45x14.88x1% 28.78B
25.92x3.11x13.54x1.45% 28.08B
113.27x7.7x40.51x - 27.71B
27.36x3.53x16.82x1.66% 25.23B
48.14x11.44x36.06x0.77% 24.03B
Average 39.31x 5.29x 21.35x 1.24% 38.95B
Weighted average by Cap. 37.92x 5.44x 21.43x 1.13%

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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