Company Valuation: SMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,498,029 4,504,091 5,444,322 3,382,361 3,780,140 4,805,061 - -
Change - 0.13% 20.88% -37.87% 11.76% 27.11% - -
Enterprise Value (EV) 1 3,812,519 3,892,781 4,946,102 2,731,623 3,121,362 4,116,680 4,067,981 3,991,640
Change - 2.11% 27.06% -44.77% 14.27% 31.89% -1.18% -1.88%
P/E 23.5x 20.3x 30.7x 21.7x 22.7x 24x 22.5x 21.6x
PBR 2.89x 2.65x 2.89x 1.75x 1.79x 2.22x 2.1x 1.97x
PEG - 1.1x -1.6x -1.9x 2.84x 1.2x 3.41x 4.95x
Capitalization / Revenue 6.18x 5.46x 7.01x 4.27x 4.49x 4.67x 4.29x 4.14x
EV / Revenue 5.24x 4.72x 6.37x 3.45x 3.7x 4x 3.63x 3.44x
EV / EBITDA 15.3x 13.7x 21.5x 12.2x 13.3x 12.7x 12x 11.4x
EV / EBIT 16.7x 15.1x 25.2x 14.4x 16.4x 16.4x 15x 14.3x
EV / FCF 95.6x 268x -147x 11.8x 38.3x 40.2x 26.1x 25.2x
FCF Yield 1.05% 0.37% -0.68% 8.49% 2.61% 2.49% 3.84% 3.97%
Dividend per Share 2 750 900 950 1,000 1,000 1,072 1,179 1,241
Rate of return 1.09% 1.29% 1.12% 1.88% 1.67% 1.4% 1.54% 1.62%
EPS 2 2,924 3,445 2,767 2,445 2,640 3,188 3,398 3,546
Distribution rate 25.7% 26.1% 34.3% 40.9% 37.9% 33.6% 34.7% 35%
Net sales 1 727,397 824,772 776,873 792,108 842,500 1,028,045 1,120,309 1,160,605
EBITDA 1 248,414 283,967 229,581 224,552 235,300 324,513 338,195 349,639
EBIT 1 227,857 258,200 196,226 190,244 190,500 251,757 271,871 280,059
Net income 1 192,991 224,609 178,321 156,344 167,300 200,754 213,499 221,503
Net Debt 1 -685,510 -611,310 -498,220 -650,738 -658,778 -688,380 -737,079 -813,421
Reference price 2 68,840.00 69,830.00 84,830.00 53,070.00 59,870.00 76,430.00 76,430.00 76,430.00
Nbr of stocks (in thousands) 65,340 64,501 64,179 63,734 63,139 62,869 - -
Announcement Date 5/13/22 5/15/23 5/14/24 5/14/25 5/14/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.79x6.62x24.59x0.69% 133B
29.27x5.46x18.94x2.06% 37.74B
22.8x1.95x14.01x2.05% 33.16B
32.89x4.35x16.45x0.1% 32.34B
23.98x4x12.69x1.4% 30.2B
26.14x3.18x13.68x1.44% 27.94B
112.9x40.63x92.94x0.32% 27.91B
22.87x3.31x14.28x1.02% 27.89B
25.94x3.26x15.94x1.74% 24.22B
Average 37.29x 8.09x 24.83x 1.2% 41.61B
Weighted average by Cap. 37.27x 7.50x 24.37x 1.08%

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