Company Valuation: Nippon Steel Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,737,026 1,998,946 2,873,054 3,377,556 3,339,413 2,825,857 - -
Change - 15.08% 43.73% 17.56% -1.13% -15.38% - -
Enterprise Value (EV) 1 3,936,792 4,101,246 4,901,994 5,640,307 5,174,379 7,550,664 8,410,403 7,157,128
Change - 4.18% 19.52% 15.06% -8.26% 45.92% 11.39% -14.9%
P/E ratio -53.6x 3.14x 4.14x 6.15x 9.1x 176x 8.88x 7.2x
PBR 0.63x 0.58x 0.69x 0.71x 0.62x 0.54x 0.51x 0.49x
PEG - -0x 0.47x -0.3x -0.2x -1.8x -0x 0.3x
Capitalization / Revenue 0.36x 0.29x 0.36x 0.38x 0.38x 0.3x 0.26x 0.24x
EV / Revenue 0.82x 0.6x 0.61x 0.64x 0.6x 0.75x 0.76x 0.61x
EV / EBITDA 9.82x 3.18x 4.01x 4.94x 4.84x 7.55x 7.49x 5.22x
EV / EBIT 346x 4.88x 5.55x 7.24x 9.44x 39.5x 12.2x 9.93x
EV / FCF 278x 17.3x 25.6x 18.8x 10x -2.95x -42.8x -80.9x
FCF Yield 0.36% 5.77% 3.9% 5.31% 9.98% -33.9% -2.34% -1.24%
Dividend per Share 2 2 32 36 32 32 24 24 25.22
Rate of return 0.53% 7.37% 5.77% 4.36% 5.01% 4.44% 4.44% 4.66%
EPS 2 -7.044 138.4 150.7 119.3 70.18 3.28 60.91 75.06
Distribution rate -28.4% 23.1% 23.9% 26.8% 45.6% -293% 39.4% 33.6%
Net sales 1 4,829,272 6,808,890 7,975,586 8,868,097 8,695,526 10,063,216 11,065,684 11,696,772
EBITDA 1 400,900 1,290,200 1,223,817 1,141,664 1,068,400 816,819 1,123,407 1,370,053
EBIT 1 11,381 840,901 883,646 778,662 547,960 242,903 686,900 720,780
Net income 1 -32,432 637,321 694,016 549,372 350,227 17,158 328,144 402,576
Net Debt 1 2,199,766 2,102,300 2,028,940 2,262,751 1,834,966 4,724,807 5,584,546 4,331,271
Reference price 2 377.30 434.20 624.00 733.60 639.00 540.70 540.70 540.70
Nbr of stocks (in thousands) 4,603,833 4,603,744 4,604,254 4,604,085 5,225,998 5,226,294 - -
Announcement Date 5/7/21 5/10/22 5/10/23 5/9/24 5/9/25 5/13/26 - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-65.91x0.75x7.55x4.44% 17.79B
15.11x1.44x8.48x0.99% 51.39B
13.58x0.83x6.55x1% 47.62B
15.59x1.62x10.06x0.93% 32.92B
21.85x1.46x9.91x1.77% 26.76B
16.35x0.65x6.04x2.38% 20.96B
40.53x6.78x25.01x0.19% 20.97B
22.05x5.31x16.33x0.09% 9.63B
12.04x0.79x5.91x3.13% 9.39B
59.94x - - - 9.38B
Average 15.11x 2.18x 10.65x 1.66% 24.68B
Weighted average by Cap. 13.89x 1.83x 9.86x 1.43%

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

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