Company Valuation: Nidec Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,869,322 5,656,393 3,929,237 3,522,295 2,861,883 2,991,869 - -
Change - -28.12% -30.53% -10.36% -18.75% 4.54% - -
Enterprise Value (EV) 1 8,181,271 6,052,448 4,448,488 3,906,189 3,251,690 3,295,417 3,130,104 2,955,376
Change - -26.02% -26.5% -12.19% -16.76% 1.34% -5.02% -5.58%
P/E 64.5x 41.6x 87.5x 28.1x 17.1x 20.1x 15.9x 13.9x
PBR 7.18x 4.37x 2.9x 2.16x 1.66x 1.64x 1.5x 1.38x
PEG - 3.3x -1.3x 0x 0.5x -1.8x 0.6x 1x
Capitalization / Revenue 4.86x 2.95x 1.75x 1.5x 1.1x 1.13x 1.11x 1.06x
EV / Revenue 5.06x 3.16x 1.98x 1.66x 1.25x 1.24x 1.16x 1.05x
EV / EBITDA 32.1x 21.9x 20.3x 13.3x 8.6x 10.4x 7.99x 6.99x
EV / EBIT 51.1x 35.3x 44.4x 23.9x 13.5x 24.4x 12.5x 10.3x
EV / FCF 69x -344x -207x 23.3x 23.7x 28.7x 17.6x 15x
FCF Yield 1.45% -0.29% -0.48% 4.3% 4.22% 3.48% 5.68% 6.68%
Dividend per Share 2 30 32.5 35 37.5 40 43 47.08 52.5
Rate of return 0.45% 0.67% 1.02% 1.22% 1.61% 1.65% 1.8% 2.01%
EPS 2 104.1 117.2 39.1 109.1 146 129.9 164.6 188.3
Distribution rate 28.8% 27.7% 89.5% 34.4% 27.4% 33.1% 28.6% 27.9%
Net sales 1 1,618,064 1,918,174 2,242,824 2,348,202 2,607,100 2,652,637 2,707,353 2,822,625
EBITDA 1 255,011 276,411 219,550 294,696 378,268 316,220 391,864 422,822
EBIT 1 160,011 171,487 100,081 163,106 240,200 135,237 251,069 285,556
Net income 1 121,977 136,870 45,003 125,387 167,700 148,608 188,208 214,821
Net Debt 1 311,949 396,055 519,251 383,894 389,807 303,548 138,235 -36,493
Reference price 2 6,717.50 4,874.00 3,422.50 3,065.00 2,492.00 2,610.00 2,610.00 2,610.00
Nbr of stocks (in thousands) 1,171,466 1,160,524 1,148,061 1,149,199 1,148,428 1,146,310 - -
Announcement Date 4/22/21 4/21/22 4/24/23 4/23/24 4/24/25 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.74x2.59x11.4x2.72% 272B
24.91x2.98x16.21x2.09% 237B
29.98x3.86x17.8x1.66% 178B
35.32x5.43x23.12x1.06% 159B
46.7x6.24x26.87x0.93% 155B
52.68x8.44x34.34x0.08% 118B
105.58x14.83x76.51x0.28% 122B
29.31x4.8x16.78x1.55% 79.99B
40.97x6.45x27.42x0.98% 60.17B
Average 42.69x 6.18x 27.83x 1.26% 153.42B
Weighted average by Cap. 38.44x 5.43x 24.85x 1.5%

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