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 3,578,725 - -
Change - -1% 23.31% 36.25% -16.45% -12.09% - -
Enterprise Value (EV) 1 2,749,080 2,944,208 3,588,005 4,889,024 4,430,852 3,867,792 3,812,673 3,683,339
Change - 7.1% 21.87% 36.26% -9.37% -12.71% -1.43% -3.39%
P/E 13.6x 12.1x 13.7x 31.2x 12.6x 11.4x 10.2x 9.5x
PBR 1.02x 0.93x 1.07x 1.48x 1.17x 1x 0.96x 0.9x
PEG - 0.8x 1.2x -0.8x 0x -12.09x 0.8x 1.37x
Capitalization / Revenue 0.83x 0.72x 0.86x 1.08x 0.88x 0.75x 0.73x 0.72x
EV / Revenue 0.78x 0.73x 0.86x 1.08x 0.96x 0.81x 0.78x 0.74x
EV / EBITDA 5.46x 5.08x 5.84x 9.49x 6.38x 5.64x 5.21x 4.8x
EV / EBIT 9.75x 8.33x 9.56x 17.5x 9.73x 8.62x 7.68x 7.01x
EV / FCF 10x 36x 20.4x 13.9x 19.6x 14x 12.1x 10.2x
FCF Yield 9.96% 2.78% 4.9% 7.17% 5.11% 7.14% 8.23% 9.82%
Dividend per Share 2 100 120 140 155 160 162.6 172.3 179.7
Rate of return 3.57% 4.2% 3.87% 3% 3.45% 3.92% 4.15% 4.33%
EPS 2 205.4 236.7 264.2 165.5 367.5 364 408.3 436.6
Distribution rate 48.7% 50.7% 53% 93.6% 43.5% 44.7% 42.2% 41.2%
Net sales 1 3,513,357 4,031,414 4,180,972 4,509,821 4,624,727 4,760,045 4,893,056 4,989,761
EBITDA 1 503,164 579,891 614,042 515,219 694,626 685,432 731,188 767,700
EBIT 1 281,918 353,399 375,366 279,754 455,390 448,603 496,148 525,644
Net income 1 214,718 243,961 264,513 160,025 332,053 315,808 347,165 365,756
Net Debt 1 -180,131 44,407 12,169 17,065 360,178 289,067 233,948 104,614
Reference price 2 2,801.00 2,855.50 3,620.00 5,161.00 4,633.00 4,147.00 4,147.00 4,147.00
Nbr of stocks (in thousands) 1,045,773 1,015,514 987,800 943,995 878,626 862,967 - -
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.($)
11.39x0.81x5.64x3.92% 22.02B
14.51x - - 2.79% 5.62B
11.89x0.42x5.04x3.22% 4.91B
11.45x2.25x7.42x1.83% 2.37B
16.1x0.82x9.89x1.86% 1.87B
9.26x0.37x3.9x2.8% 1.67B
-101.5x - - 0.7% 925M
10.22x - - 3.49% 475M
27.88x0.61x5.88x2.01% 349M
Average 1.24x 0.88x 6.30x 2.52% 4.47B
Weighted average by Cap. 9.55x 0.83x 5.83x 3.32%

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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