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 4,500,552 - -
Change - 5.85% 0.13% 20.88% -37.87% 33.06% - -
Enterprise Value (EV) 1 3,619,539 3,812,519 3,892,781 4,946,102 2,731,623 3,121,362 3,825,921 3,788,468
Change - 5.33% 2.11% 27.06% -44.77% 14.27% -1.44% -0.98%
P/E 35.1x 23.5x 20.3x 30.7x 21.7x 22.7x 24.8x 22.7x
PBR 3.09x 2.89x 2.65x 2.89x 1.75x 1.79x 2.11x 2.01x
PEG - 0.4x 1.1x -1.6x -1.9x 2.84x 1.8x 2.49x
Capitalization / Revenue 7.7x 6.18x 5.46x 7.01x 4.27x 4.49x 4.57x 4.24x
EV / Revenue 6.56x 5.24x 4.72x 6.37x 3.45x 3.7x 3.88x 3.57x
EV / EBITDA 21.1x 15.3x 13.7x 21.5x 12.2x 13.3x 13.1x 12x
EV / EBIT 23.6x 16.7x 15.1x 25.2x 14.4x 16.4x 16.7x 15x
EV / FCF 18.7x 95.6x 268x -147x 11.8x 38.3x 32.1x 24x
FCF Yield 5.36% 1.05% 0.37% -0.68% 8.49% 2.61% 3.11% 4.17%
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% 1.5% 1.65%
EPS 2 1,832 2,924 3,445 2,767 2,445 2,640 2,873 3,135
Distribution rate 27.3% 25.7% 26.1% 34.3% 40.9% 37.9% 37.2% 37.6%
Net sales 1 552,100 727,397 824,772 776,873 792,108 842,500 985,164 1,062,324
EBITDA 1 171,800 248,414 283,967 229,581 224,552 235,300 293,038 316,367
EBIT 1 153,300 227,857 258,200 196,226 190,244 190,500 229,285 252,052
Net income 1 121,700 192,991 224,609 178,321 156,344 167,300 181,950 198,212
Net Debt 1 -629,759 -685,510 -611,310 -498,220 -650,738 -658,778 -674,631 -712,085
Reference price 2 64,310.00 68,840.00 69,830.00 84,830.00 53,070.00 71,280.00 71,280.00 71,280.00
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.($)
27.86x4.58x16.4x1.43% 27.47B
35.41x6.08x22.62x0.76% 122B
40.92x7x26.2x1.49% 40.63B
33.59x4.32x15.94x0.11% 31.69B
24.77x3.61x15.57x0.95% 30.16B
21.01x1.73x12.8x2.31% 29.77B
115.15x7.86x41.32x - 28.74B
25.62x3.07x13.38x1.47% 27.75B
26.39x3.4x16.2x1.73% 24.04B
29.3x2.54x16.17x1.86% 21.84B
Average 38.00x 4.42x 19.66x 1.35% 38.36B
Weighted average by Cap. 37.70x 4.94x 20.65x 1.17%

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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