Projected Income Statement: SMC Corporation

Forecast Balance Sheet: SMC Corporation

Forecast Balance Sheet - SMC Corporation
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -685,510 -611,310 -498,220 -650,738 -658,778 -695,140 -759,203 -854,523
Change - 10.82% 18.5% -30.61% -1.24% -5.52% -9.22% -12.56%
Announcement Date 5/13/22 5/15/23 5/14/24 5/14/25 5/14/26 - - -
1JPY in Million
Estimates

Cash Flow Forecast: SMC Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 77,588 81,592 102,347 106,739 152,701 97,556 79,017 75,025
Change - 5.16% 25.44% 4.29% 43.06% -36.11% -19% -5.05%
Free Cash Flow (FCF) 1 39,878 14,531 -33,693 231,890 81,406 168,350 194,359 225,614
Change - -63.56% -331.87% 788.24% -64.89% 106.8% 15.45% 16.08%
Announcement Date 5/13/22 5/15/23 5/14/24 5/14/25 5/14/26 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: SMC Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 34.15% 34.43% 29.55% 28.35% 27.93% 31.23% 31.1% 31.24%
EBIT Margin (%) 31.32% 31.31% 25.26% 24.02% 22.61% 25.13% 25.21% 25.04%
EBT Margin (%) 37.51% 37.44% 32.52% 26.65% 28.13% 28.1% 27.17% 27.09%
Net margin (%) 26.53% 27.23% 22.95% 19.74% 19.86% 20.4% 19.82% 19.79%
FCF margin (%) 5.48% 1.76% -4.34% 29.28% 9.66% 15.67% 16.6% 18.46%
FCF / Net Income (%) 20.66% 6.47% -18.89% 148.32% 48.66% 76.81% 83.74% 93.26%

Profitability

        
ROA 16.5% 16.55% 12.48% 10.01% 10.68% 8.75% 9.1% 9.06%
ROE 13.2% 13.8% 10% 8.2% 8.3% 10.25% 10.23% 10.07%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 10.67% 9.89% 13.17% 13.48% 18.12% 9.08% 6.75% 6.14%
CAPEX / EBITDA (%) 31.23% 28.73% 44.58% 47.53% 64.9% 29.07% 21.7% 19.65%
CAPEX / FCF (%) 194.56% 561.5% -303.76% 46.03% 187.58% 57.95% 40.66% 33.25%

Items per share

        
Cash flow per share 1 3,235 3,840 3,284 2,981 3,348 4,408 4,712 5,017
Change - 18.69% -14.46% -9.24% 12.3% 31.66% 6.9% 6.47%
Dividend per Share 1 750 900 950 1,000 1,000 1,059 1,169 1,238
Change - 20% 5.56% 5.26% 0% 5.89% 10.36% 5.9%
Book Value Per Share 1 23,808 26,332 29,339 30,255 33,499 35,074 37,334 39,840
Change - 10.6% 11.42% 3.12% 10.72% 4.7% 6.44% 6.71%
EPS 1 2,924 3,445 2,767 2,445 2,640 3,487 3,705 3,883
Change - 17.81% -19.67% -11.65% 7.99% 32.07% 6.27% 4.8%
Nbr of stocks (in thousands) 65,340 64,501 64,179 63,734 63,139 62,869 62,869 62,869
Announcement Date 5/13/22 5/15/23 5/14/24 5/14/25 5/14/26 - - -
1JPY
Estimates
2027 *2028 *
P/E 19.4x 18.3x
PBR 1.93x 1.81x
EV / Sales 3.31x 2.98x
Yield 1.57% 1.73%

EPS & Dividend

EPS & Dividend - SMC Corporation


Y-o-Y evolution of P/E

Valuation ratios - P/E - SMC Corporation
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - SMC Corporation
Trader
Investor
Global
Quality
ESG MSCI
A
MarketScreener Ratings - SMC Corporation
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
67,660.00JPY
Average target price
86,785.71JPY
Spread / Average Target
+28.27%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - SMC Corporation
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