Company Valuation: SMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,249,298 4,498,029 4,504,091 5,444,322 3,382,361 4,604,732 - -
Change - 5.85% 0.13% 20.88% -37.87% 36.14% - -
Enterprise Value (EV) 1 3,619,539 3,812,519 3,892,781 4,946,102 2,731,623 3,121,362 3,930,101 3,892,647
Change - 5.33% 2.11% 27.06% -44.77% 14.27% -1.41% -0.95%
P/E 35.1x 23.5x 20.3x 30.7x 21.7x 22.7x 25.4x 23.3x
PBR 3.09x 2.89x 2.65x 2.89x 1.75x 1.79x 2.16x 2.06x
PEG - 0.4x 1.1x -1.6x -1.9x 2.84x 1.9x 2.56x
Capitalization / Revenue 7.7x 6.18x 5.46x 7.01x 4.27x 4.49x 4.67x 4.33x
EV / Revenue 6.56x 5.24x 4.72x 6.37x 3.45x 3.7x 3.99x 3.66x
EV / EBITDA 21.1x 15.3x 13.7x 21.5x 12.2x 13.3x 13.4x 12.3x
EV / EBIT 23.6x 16.7x 15.1x 25.2x 14.4x 16.4x 17.1x 15.4x
EV / FCF 18.7x 95.6x 268x -147x 11.8x 38.3x 33x 24.6x
FCF Yield 5.36% 1.05% 0.37% -0.68% 8.49% 2.61% 3.03% 4.06%
Dividend per Share 2 500 750 900 950 1,000 1,000 1,068 1,178
Rate of return 0.78% 1.09% 1.29% 1.12% 1.88% 1.67% 1.46% 1.61%
EPS 2 1,832 2,924 3,445 2,767 2,445 2,640 2,873 3,135
Distribution rate 27.3% 25.7% 26.1% 34.3% 40.9% 37.9% 37.2% 37.6%
Net sales 1 552,100 727,397 824,772 776,873 792,108 842,500 985,164 1,062,324
EBITDA 1 171,800 248,414 283,967 229,581 224,552 235,300 293,038 316,367
EBIT 1 153,300 227,857 258,200 196,226 190,244 190,500 229,285 252,052
Net income 1 121,700 192,991 224,609 178,321 156,344 167,300 181,950 198,212
Net Debt 1 -629,759 -685,510 -611,310 -498,220 -650,738 -658,778 -674,631 -712,085
Reference price 2 64,310.00 68,840.00 69,830.00 84,830.00 53,070.00 72,930.00 72,930.00 72,930.00
Nbr of stocks (in thousands) 66,075 65,340 64,501 64,179 63,734 63,139 - -
Announcement Date 5/14/21 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.($)
27.34x4.48x16.04x1.46% 26.98B
35.31x6.06x22.54x0.77% 121B
42.73x7.34x27.49x1.43% 42.47B
32.49x4.19x15.45x0.11% 30.65B
24.73x3.62x15.58x0.95% 30.21B
19.92x1.64x12.14x2.43% 28.31B
24.59x2.95x12.85x1.53% 26.63B
25.99x3.35x15.97x1.76% 23.6B
43.51x10.27x32.36x0.86% 21.66B
Average 30.74x 4.88x 18.94x 1.25% 39.08B
Weighted average by Cap. 32.27x 5.21x 20.02x 1.12%

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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