Company Valuation: Keyence Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 13,290,446 14,612,193 17,289,660 14,777,076 14,328,389 19,586,326 - -
Change - 9.95% 18.32% -14.53% -3.04% 36.7% - -
Enterprise Value (EV) 1 12,285,874 13,671,735 16,156,884 13,557,842 12,834,500 17,856,647 17,639,362 17,360,460
Change - 11.28% 18.18% -16.09% -5.34% 39.13% -1.22% -1.58%
P/E 43.8x 40.3x 46.8x 37.1x 32.2x 34.6x 30.9x 27.9x
PBR 6.11x 5.86x 6.16x 4.75x 4.13x 5.05x 4.54x 4.08x
PEG - 2.1x 25.43x 4.73x 2.8x 1.3x 2.6x 2.6x
Capitalization / Revenue 17.6x 15.8x 17.9x 14x 12.3x 13.5x 12x 10.9x
EV / Revenue 16.3x 14.8x 16.7x 12.8x 11x 12.3x 10.8x 9.67x
EV / EBITDA 28.8x 26.8x 31.8x 24x 20.9x 22.5x 19.8x 17.7x
EV / EBIT 29.4x 27.4x 32.6x 24.7x 21.5x 23x 20.3x 18.1x
EV / FCF 47.2x 95x 111x 34.3x 108x 55.1x 39.4x 32.8x
FCF Yield 2.12% 1.05% 0.9% 2.91% 0.92% 1.81% 2.54% 3.05%
Dividend per Share 2 200 300 300 350 550 641.4 738.6 837.5
Rate of return 0.36% 0.5% 0.42% 0.57% 0.93% 0.79% 0.91% 1.04%
EPS 2 1,251 1,497 1,524 1,644 1,836 2,337 2,613 2,898
Distribution rate 16% 20% 19.7% 21.3% 30% 27.4% 28.3% 28.9%
Net sales 1 755,174 922,422 967,288 1,059,145 1,169,289 1,450,220 1,626,031 1,795,013
EBITDA 1 426,666 510,437 508,781 564,968 612,986 795,256 889,125 981,262
EBIT 1 418,045 498,914 495,014 549,775 595,759 775,325 868,674 960,045
Net income 1 303,360 362,963 369,642 398,656 445,185 566,222 632,040 699,126
Net Debt 1 -1,004,572 -940,458 -1,132,776 -1,219,234 -1,493,889 -1,729,679 -1,946,964 -2,225,866
Reference price 2 54,800.00 60,250.00 71,290.00 60,930.00 59,080.00 80,760.00 80,760.00 80,760.00
Nbr of stocks (in thousands) 242,526 242,526 242,526 242,525 242,525 242,525 - -
Announcement Date 4/27/22 4/27/23 4/25/24 4/25/25 4/24/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.56x12.31x22.45x0.79% 124B
30.98x5.8x17.65x0.64% 196B
49.11x6.18x21.15x0.86% 114B
13.1x0.3x6.58x3.84% 105B
34.04x5.55x18.18x1.02% 79.55B
56.2x6.08x27.82x0.24% 65.65B
19.98x7.12x14.45x0.63% 63.95B
16.09x0.96x10.77x0.79% 53.9B
31.46x4.47x16.86x0.02% 45.87B
36.13x6.22x26.23x1.9% 41.6B
Average 32.16x 5.50x 18.21x 1.07% 88.94B
Weighted average by Cap. 32.38x 5.86x 17.97x 1.11%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Keyence Corporation

Historical PBR trend

Valuation ratios - PBR - Keyence Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Keyence Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Keyence Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Keyence Corporation
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