Company Valuation: DENSO Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,999,765 5,573,487 8,513,199 5,219,690 5,242,566 4,691,921 - -
Change - -7.1% 52.74% -38.69% 0.44% -10.5% - -
Enterprise Value (EV) 1 6,105,662 5,783,278 8,574,530 4,932,543 4,864,722 4,426,045 4,358,384 4,300,169
Change - -5.28% 48.26% -42.47% -1.37% -9.02% -1.53% -1.34%
P/E 22.9x 17.9x 27.5x 12.7x 12x 12x 10.4x 9.21x
PBR 1.4x 1.27x 1.52x 1.04x 0.95x 0.87x 0.83x 0.78x
PEG - 0.8x 29.56x 0.3x 1x -2.6x 0.6x 0.7x
Capitalization / Revenue 1.09x 0.87x 1.19x 0.73x 0.7x 0.6x 0.58x 0.56x
EV / Revenue 1.11x 0.9x 1.2x 0.69x 0.65x 0.57x 0.54x 0.51x
EV / EBITDA 8.88x 7.31x 11.4x 5.51x 5.23x 4.98x 4.46x 4.1x
EV / EBIT 17.9x 13.6x 22.5x 9.5x 8.8x 8.46x 7.36x 6.73x
EV / FCF 64.9x 24.2x 18x 7.75x 9.84x 10.3x 9.36x 9.21x
FCF Yield 1.54% 4.13% 5.55% 12.9% 10.2% 9.71% 10.7% 10.9%
Dividend per Share 2 41.25 46.25 55 64 67 73.44 78.81 85.1
Rate of return 2.1% 2.49% 1.91% 3.47% 3.44% 3.92% 4.21% 4.55%
EPS 2 85.69 104 105 145 163 155.4 180.4 203.3
Distribution rate 48.1% 44.5% 52.4% 44.1% 41.1% 47.2% 43.7% 41.9%
Net sales 1 5,515,512 6,401,320 7,144,733 7,161,777 7,539,975 7,773,190 8,091,527 8,376,160
EBITDA 1 687,705 790,734 754,868 895,546 930,612 888,201 977,786 1,049,246
EBIT 1 341,179 426,099 380,599 518,953 552,538 523,266 592,501 638,742
Net income 1 263,901 314,633 312,791 419,081 443,755 399,900 449,996 487,756
Net Debt 1 105,897 209,791 61,331 -287,147 -377,844 -265,876 -333,537 -391,752
Reference price 2 1,965.00 1,860.75 2,883.00 1,844.00 1,947.50 1,871.50 1,871.50 1,871.50
Nbr of stocks (in thousands) 3,053,316 2,995,290 2,952,896 2,830,635 2,691,947 2,507,038 - -
Announcement Date 4/28/22 4/27/23 4/26/24 4/25/25 4/28/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.67x2.03x11.16x1.57% 73.15B
18.22x1.25x9.64x2.05% 41.91B
12.04x0.57x4.98x3.92% 29.72B
12.75x0.54x3.91x4.52% 28.08B
7.68x0.45x5.78x1.97% 23.38B
14.71x2.66x9.15x4.14% 20.7B
19.94x0.91x10.92x3.17% 18.47B
29.55x1.17x12.42x0.62% 17.75B
10.6x0.5x4.85x3% 17.49B
Average 16.02x 1.12x 8.09x 2.77% 30.07B
Weighted average by Cap. 16.29x 1.28x 8.53x 2.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - DENSO Corporation

Historical PBR trend

Valuation ratios - PBR - DENSO Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - DENSO Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - DENSO Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - DENSO Corporation