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 4,577,851 - -
Change - -7.1% 52.74% -38.69% 0.44% -12.68% - -
Enterprise Value (EV) 1 6,105,662 5,783,278 8,574,530 4,932,543 4,864,722 4,311,971 4,244,314 4,186,099
Change - -5.28% 48.26% -42.47% -1.37% -11.36% -1.57% -1.37%
P/E 22.9x 17.9x 27.5x 12.7x 12x 11.7x 10.1x 8.97x
PBR 1.4x 1.27x 1.52x 1.04x 0.95x 0.85x 0.81x 0.77x
PEG - 0.8x 29.56x 0.3x 1x -2.79x 0.6x 0.7x
Capitalization / Revenue 1.09x 0.87x 1.19x 0.73x 0.7x 0.59x 0.57x 0.55x
EV / Revenue 1.11x 0.9x 1.2x 0.69x 0.65x 0.55x 0.52x 0.5x
EV / EBITDA 8.88x 7.31x 11.4x 5.51x 5.23x 4.85x 4.18x 3.98x
EV / EBIT 17.9x 13.6x 22.5x 9.5x 8.8x 8.2x 7.14x 6.52x
EV / FCF 64.9x 24.2x 18x 7.75x 9.84x 10x 9.11x 8.96x
FCF Yield 1.54% 4.13% 5.55% 12.9% 10.2% 9.96% 11% 11.2%
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% 4.02% 4.32% 4.66%
EPS 2 85.69 104 105 145 163 156.1 180.8 203.6
Distribution rate 48.1% 44.5% 52.4% 44.1% 41.1% 47% 43.6% 41.8%
Net sales 1 5,515,512 6,401,320 7,144,733 7,161,777 7,539,975 7,810,622 8,091,400 8,376,129
EBITDA 1 687,705 790,734 754,868 895,546 930,612 888,618 1,014,788 1,052,829
EBIT 1 341,179 426,099 380,599 518,953 552,538 525,587 594,680 641,655
Net income 1 263,901 314,633 312,791 419,081 443,755 401,796 451,605 489,905
Net Debt 1 105,897 209,791 61,331 -287,147 -377,844 -265,880 -333,537 -391,752
Reference price 2 1,965.00 1,860.75 2,883.00 1,844.00 1,947.50 1,826.00 1,826.00 1,826.00
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.($)
11.7x0.55x4.85x4.02% 28.91B
18.31x2.01x11x1.6% 72.05B
20.41x1.4x10.75x1.82% 46.51B
14.05x0.63x4.54x4.11% 31.37B
7.76x0.46x5.87x1.95% 23.67B
14.5x2.63x9.04x4.2% 20.44B
19.83x0.87x10.47x3.34% 17.51B
10.29x0.48x4.73x3.1% 16.97B
28.28x1.12x11.9x0.65% 16.64B
12.98x1.35x6.96x4.22% 15.48B
Average 15.81x 1.15x 8.01x 2.9% 28.96B
Weighted average by Cap. 16.30x 1.29x 8.52x 2.64%

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
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