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 3,685,986 - -
Change - -1% 23.31% 36.25% -16.45% -9.45% - -
Enterprise Value (EV) 1 2,749,080 2,944,208 3,588,005 4,889,024 4,430,852 4,010,353 3,959,534 3,832,300
Change - 7.1% 21.87% 36.26% -9.37% -9.49% -1.27% -3.21%
P/E 13.6x 12.1x 13.7x 31.2x 12.6x 12x 10.7x 9.99x
PBR 1.02x 0.93x 1.07x 1.48x 1.17x 1.05x 1x 0.95x
PEG - 0.8x 1.2x -0.8x 0x -7.64x 0.9x 1.49x
Capitalization / Revenue 0.83x 0.72x 0.86x 1.08x 0.88x 0.77x 0.75x 0.74x
EV / Revenue 0.78x 0.73x 0.86x 1.08x 0.96x 0.84x 0.81x 0.77x
EV / EBITDA 5.46x 5.08x 5.84x 9.49x 6.38x 5.89x 5.43x 5.01x
EV / EBIT 9.75x 8.33x 9.56x 17.5x 9.73x 9x 8x 7.32x
EV / FCF 10x 36x 20.4x 13.9x 19.6x 14.5x 13.1x 11.8x
FCF Yield 9.96% 2.78% 4.9% 7.17% 5.11% 6.89% 7.63% 8.47%
Dividend per Share 2 100 120 140 155 160 162.6 171.8 179.1
Rate of return 3.57% 4.2% 3.87% 3% 3.45% 3.75% 3.96% 4.13%
EPS 2 205.4 236.7 264.2 165.5 367.5 361.7 407.1 434.3
Distribution rate 48.7% 50.7% 53% 93.6% 43.5% 44.9% 42.2% 41.2%
Net sales 1 3,513,357 4,031,414 4,180,972 4,509,821 4,624,727 4,772,063 4,901,529 5,001,317
EBITDA 1 503,164 579,891 614,042 515,219 694,626 680,699 729,159 764,200
EBIT 1 281,918 353,399 375,366 279,754 455,390 445,760 494,857 523,311
Net income 1 214,718 243,961 264,513 160,025 332,053 313,858 346,220 364,056
Net Debt 1 -180,131 44,407 12,169 17,065 360,178 324,367 273,548 146,314
Reference price 2 2,801.00 2,855.50 3,620.00 5,161.00 4,633.00 4,340.00 4,340.00 4,340.00
Nbr of stocks (in thousands) 1,045,773 1,015,514 987,800 943,995 878,626 849,306 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.76x - - 2.74% 5.75B
12.66x0.44x5.27x2.95% 5.25B
12.1x2.31x7.59x1.94% 2.48B
16.41x0.78x9.22x2% 1.81B
9.85x0.39x4.06x2.64% 1.79B
14.46x - - 1.82% 975M
10.3x - - 3.47% 481M
27.88x0.61x5.88x2.01% 350M
Average 14.80x 0.91x 6.41x 2.45% 2.36B
Weighted average by Cap. 13.63x 0.89x 6.21x 2.57%

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