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 4,307,140 - -
Change - 0.13% 20.88% -37.87% 11.76% 13.94% - -
Enterprise Value (EV) 1 3,812,519 3,892,781 4,946,102 2,731,623 3,121,362 3,604,265 3,532,948 3,430,374
Change - 2.11% 27.06% -44.77% 14.27% 15.47% -1.98% -2.9%
P/E 23.5x 20.3x 30.7x 21.7x 22.7x 19.6x 18.4x 17.7x
PBR 2.89x 2.65x 2.89x 1.75x 1.79x 1.95x 1.84x 1.72x
PEG - 1.1x -1.6x -1.9x 2.84x 0.6x 2.88x 3.95x
Capitalization / Revenue 6.18x 5.46x 7.01x 4.27x 4.49x 4.01x 3.68x 3.53x
EV / Revenue 5.24x 4.72x 6.37x 3.45x 3.7x 3.36x 3.02x 2.81x
EV / EBITDA 15.3x 13.7x 21.5x 12.2x 13.3x 10.7x 9.7x 8.98x
EV / EBIT 16.7x 15.1x 25.2x 14.4x 16.4x 13.3x 11.9x 11.2x
EV / FCF 95.6x 268x -147x 11.8x 38.3x 21.4x 17.2x 14.5x
FCF Yield 1.05% 0.37% -0.68% 8.49% 2.61% 4.67% 5.8% 6.9%
Dividend per Share 2 750 900 950 1,000 1,000 1,064 1,174 1,241
Rate of return 1.09% 1.29% 1.12% 1.88% 1.67% 1.55% 1.71% 1.81%
EPS 2 2,924 3,445 2,767 2,445 2,640 3,490 3,713 3,880
Distribution rate 25.7% 26.1% 34.3% 40.9% 37.9% 30.5% 31.6% 32%
Net sales 1 727,397 824,772 776,873 792,108 842,500 1,073,447 1,170,046 1,219,518
EBITDA 1 248,414 283,967 229,581 224,552 235,300 335,607 364,092 381,864
EBIT 1 227,857 258,200 196,226 190,244 190,500 270,811 296,207 306,418
Net income 1 192,991 224,609 178,321 156,344 167,300 219,466 232,890 242,333
Net Debt 1 -685,510 -611,310 -498,220 -650,738 -658,778 -702,875 -774,192 -876,766
Reference price 2 68,840.00 69,830.00 84,830.00 53,070.00 59,870.00 68,510.00 68,510.00 68,510.00
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.($)
31.05x5.44x19.72x0.83% 122B
26.49x4.86x17.01x2.27% 34.49B
30.08x4.01x15.17x0.11% 29.57B
19x3.23x10.33x1.6% 26.34B
23.71x2.89x12.47x1.59% 25.37B
20.88x3.03x13.07x1.12% 25.46B
100.78x35.48x77.72x0.42% 24.49B
26.25x3.29x16.06x1.73% 23.38B
Average 34.78x 7.78x 22.69x 1.21% 38.95B
Weighted average by Cap. 33.13x 6.85x 21.35x 1.11%

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