Company Valuation: Keyence Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 13,290,446 14,612,193 17,289,660 14,777,076 14,328,389 18,519,215 - -
Change - 9.95% 18.32% -14.53% -3.04% 29.25% - -
Enterprise Value (EV) 1 12,285,874 13,671,735 16,156,884 13,557,842 12,834,500 16,819,451 16,613,529 16,348,411
Change - 11.28% 18.18% -16.09% -5.34% 31.05% -1.22% -1.6%
P/E 43.8x 40.3x 46.8x 37.1x 32.2x 32.7x 29.2x 26.4x
PBR 6.11x 5.86x 6.16x 4.75x 4.13x 4.78x 4.3x 3.86x
PEG - 2.1x 25.43x 4.73x 2.8x 1.2x 2.5x 2.5x
Capitalization / Revenue 17.6x 15.8x 17.9x 14x 12.3x 12.8x 11.4x 10.3x
EV / Revenue 16.3x 14.8x 16.7x 12.8x 11x 11.6x 10.2x 9.14x
EV / EBITDA 28.8x 26.8x 31.8x 24x 20.9x 21.1x 18.7x 16.7x
EV / EBIT 29.4x 27.4x 32.6x 24.7x 21.5x 21.7x 19.1x 17.1x
EV / FCF 47.2x 95x 111x 34.3x 108x 54.2x 38.7x 32.5x
FCF Yield 2.12% 1.05% 0.9% 2.91% 0.92% 1.84% 2.58% 3.08%
Dividend per Share 2 200 300 300 350 550 645.3 741.3 837.7
Rate of return 0.36% 0.5% 0.42% 0.57% 0.93% 0.85% 0.97% 1.1%
EPS 2 1,251 1,497 1,524 1,644 1,836 2,336 2,613 2,890
Distribution rate 16% 20% 19.7% 21.3% 30% 27.6% 28.4% 29%
Net sales 1 755,174 922,422 967,288 1,059,145 1,169,289 1,449,919 1,624,910 1,789,547
EBITDA 1 426,666 510,437 508,781 564,968 612,986 795,771 889,679 979,365
EBIT 1 418,045 498,914 495,014 549,775 595,759 775,761 869,269 958,327
Net income 1 303,360 362,963 369,642 398,656 445,185 566,158 632,169 697,410
Net Debt 1 -1,004,572 -940,458 -1,132,776 -1,219,234 -1,493,889 -1,699,765 -1,905,686 -2,170,804
Reference price 2 54,800.00 60,250.00 71,290.00 60,930.00 59,080.00 76,360.00 76,360.00 76,360.00
Nbr of stocks (in thousands) 242,526 242,526 242,526 242,525 242,525 242,525 - -
Announcement Date 4/27/22 A 4/27/23 A 4/25/24 A 4/25/25 A 4/24/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.89x12.07x22x0.81% 121B
31.61x5.92x17.63x0.63% 200B
48.31x6.1x20.62x0.88% 113B
13.5x0.31x6.8x3.73% 109B
32.63x5.34x17.54x1.05% 77.1B
58.14x6.79x29.66x0.2% 71.61B
20.34x3.4x13x1.32% 63.61B
17.85x1.05x11.86x0.7% 60.07B
16.72x5.91x12.01x0.76% 53.7B
33.01x4.6x17.43x0.02% 47.18B
Average 30.60x 5.15x 16.86x 1.01% 91.6B
Weighted average by Cap. 31.50x 5.55x 17.19x 1.08%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Keyence Corporation

Historical PBR trend

Valuation ratios - PBR - Keyence Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Keyence Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Keyence Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Keyence Corporation
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