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 3,901,013 - -
Change - -1% 23.31% 36.25% -16.45% -4.17% - -
Enterprise Value (EV) 1 2,749,080 2,944,208 3,588,005 4,889,024 4,430,852 4,208,247 4,122,781 4,037,300
Change - 7.1% 21.87% 36.26% -9.37% -5.02% -2.03% -2.07%
P/E 13.6x 12.1x 13.7x 31.2x 12.6x 12.2x 11.4x 10.6x
PBR 1.02x 0.93x 1.07x 1.48x 1.17x 1.12x 1.06x 1x
PEG - 0.8x 1.2x -0.8x 0x 5.71x 1.52x 1.52x
Capitalization / Revenue 0.83x 0.72x 0.86x 1.08x 0.88x 0.82x 0.79x 0.77x
EV / Revenue 0.78x 0.73x 0.86x 1.08x 0.96x 0.88x 0.83x 0.8x
EV / EBITDA 5.46x 5.08x 5.84x 9.49x 6.38x 6.04x 5.71x 5.33x
EV / EBIT 9.75x 8.33x 9.56x 17.5x 9.73x 9.2x 8.38x 7.76x
EV / FCF 10x 36x 20.4x 13.9x 19.6x 15.2x 13.9x 12.4x
FCF Yield 9.96% 2.78% 4.9% 7.17% 5.11% 6.58% 7.2% 8.04%
Dividend per Share 2 100 120 140 155 160 162.3 172.1 179.1
Rate of return 3.57% 4.2% 3.87% 3% 3.45% 3.53% 3.75% 3.9%
EPS 2 205.4 236.7 264.2 165.5 367.5 375.3 403.4 431.7
Distribution rate 48.7% 50.7% 53% 93.6% 43.5% 43.3% 42.7% 41.5%
Net sales 1 3,513,357 4,031,414 4,180,972 4,509,821 4,624,727 4,774,665 4,941,942 5,039,461
EBITDA 1 503,164 579,891 614,042 515,219 694,626 696,423 721,458 757,817
EBIT 1 281,918 353,399 375,366 279,754 455,390 457,617 492,169 520,567
Net income 1 214,718 243,961 264,513 160,025 332,053 330,391 342,360 360,838
Net Debt 1 -180,131 44,407 12,169 17,065 360,178 307,234 221,768 136,287
Reference price 2 2,801.00 2,855.50 3,620.00 5,161.00 4,633.00 4,593.00 4,593.00 4,593.00
Nbr of stocks (in thousands) 1,045,773 1,015,514 987,800 943,995 878,626 849,339 - -
Announcement Date 1/27/22 1/30/23 1/30/24 1/30/25 1/29/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.24x0.88x6.04x3.53% 24.54B
14.38x - - 2.39% 7.21B
13.58x0.47x5.64x2.69% 5.83B
10.74x2.14x6.97x2.21% 2.26B
10.65x0.46x4.93x2.78% 2.02B
13.06x0.65x7.61x2.51% 1.47B
14.65x - - 1.79% 1B
11.97x - - 2.9% 563M
28.47x0.6x5.86x1.77% 348M
Average 14.41x 0.87x 6.18x 2.51% 5.03B
Weighted average by Cap. 12.81x 0.86x 6.04x 3.05%

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