Company Valuation: Nidec Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 5,656,393 3,929,237 3,522,295 2,861,883 2,253,645 2,498,952 - -
Change - -30.53% -10.36% -18.75% -21.25% 10.88% - -
Enterprise Value (EV) 1 6,052,448 4,448,488 3,906,189 3,251,690 2,514,845 2,715,511 2,577,866 2,540,419
Change - -26.5% -12.19% -16.76% -22.66% 7.98% -5.07% -1.45%
P/E 41.6x 87.5x 28.1x 17.1x -3.99x 14.3x 12.7x 13.2x
PBR 4.37x 2.9x 2.16x 1.66x 2.84x 1.27x 1.16x 1.07x
PEG - -1.3x 0x 0.5x 0x -0x 1x -3.57x
Capitalization / Revenue 2.95x 1.75x 1.5x 1.1x 0.83x 0.93x 0.89x 0.86x
EV / Revenue 3.16x 1.98x 1.66x 1.25x 0.93x 1.01x 0.92x 0.87x
EV / EBITDA 21.9x 20.3x 13.3x 8.6x -6.04x 7.98x 7.09x 8.04x
EV / EBIT 35.3x 44.4x 23.9x 13.5x -4.85x 11.3x 9.71x 9.65x
EV / FCF -344x -207x 23.3x 23.7x 25.7x 17.1x 15.4x 12.9x
FCF Yield -0.29% -0.48% 4.3% 4.22% 3.9% 5.83% 6.48% 7.78%
Dividend per Share 2 32.5 35 37.5 40 - 47.5 40 45
Rate of return 0.67% 1.02% 1.22% 1.61% - 2.18% 1.83% 2.06%
EPS 2 117.2 39.1 109.1 146 -492.6 152.3 171.2 164.8
Distribution rate 27.7% 89.5% 34.4% 27.4% - 31.2% 23.4% 27.3%
Net sales 1 1,918,174 2,242,824 2,348,202 2,607,100 2,708,705 2,697,900 2,815,349 2,922,000
EBITDA 1 276,411 219,550 294,696 378,268 -416,096 340,445 363,803 316,000
EBIT 1 171,487 100,081 163,106 240,200 -518,978 239,461 265,376 263,333
Net income 1 136,870 45,003 125,387 167,700 -564,624 173,908 194,934 183,494
Net Debt 1 396,055 519,251 383,894 389,807 261,200 216,558 78,914 41,466
Reference price 2 4,874.00 3,422.50 3,065.00 2,492.00 1,966.00 2,180.00 2,180.00 2,180.00
Nbr of stocks (in thousands) 1,160,524 1,148,061 1,149,199 1,148,428 1,146,310 1,146,308 - -
Announcement Date 4/21/22 4/24/23 4/23/24 4/24/25 9/30/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.5x3.02x16.49x2.03% 239B
14.05x1.73x7.84x3.64% 203B
31.75x4.07x18.74x1.54% 192B
38.88x5.73x24.04x1.01% 169B
46x6.17x27.61x1.08% 154B
30.69x4.41x21.61x0.88% 102B
41.78x6.87x27.57x0.1% 97.09B
93.76x11.62x66.36x0.33% 96.97B
32.65x4.05x21.73x1.03% 94.64B
Average 39.45x 5.30x 25.78x 1.29% 149.75B
Weighted average by Cap. 35.66x 4.75x 22.86x 1.55%

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