Company Valuation: Nidec Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,869,322 5,656,393 3,929,237 3,522,295 2,861,883 2,842,848 - -
Change - -28.12% -30.53% -10.36% -18.75% -0.67% - -
Enterprise Value (EV) 1 8,181,271 6,052,448 4,448,488 3,906,189 3,251,690 3,146,396 2,981,084 2,806,355
Change - -26.02% -26.5% -12.19% -16.76% -3.24% -5.25% -5.86%
P/E 64.5x 41.6x 87.5x 28.1x 17.1x 19.1x 15.1x 13.2x
PBR 7.18x 4.37x 2.9x 2.16x 1.66x 1.56x 1.43x 1.31x
PEG - 3.3x -1.3x 0x 0.5x -1.7x 0.6x 0.9x
Capitalization / Revenue 4.86x 2.95x 1.75x 1.5x 1.1x 1.08x 1.05x 1.01x
EV / Revenue 5.06x 3.16x 1.98x 1.66x 1.25x 1.19x 1.1x 0.99x
EV / EBITDA 32.1x 21.9x 20.3x 13.3x 8.6x 9.95x 7.61x 6.64x
EV / EBIT 51.1x 35.3x 44.4x 23.9x 13.5x 23.3x 11.9x 9.83x
EV / FCF 69x -344x -207x 23.3x 23.7x 27.4x 16.8x 14.2x
FCF Yield 1.45% -0.29% -0.48% 4.3% 4.22% 3.64% 5.97% 7.03%
Dividend per Share 2 30 32.5 35 37.5 40 43 47.08 52.5
Rate of return 0.45% 0.67% 1.02% 1.22% 1.61% 1.73% 1.9% 2.12%
EPS 2 104.1 117.2 39.1 109.1 146 129.9 164.6 188.3
Distribution rate 28.8% 27.7% 89.5% 34.4% 27.4% 33.1% 28.6% 27.9%
Net sales 1 1,618,064 1,918,174 2,242,824 2,348,202 2,607,100 2,641,648 2,707,353 2,822,625
EBITDA 1 255,011 276,411 219,550 294,696 378,268 316,220 391,864 422,822
EBIT 1 160,011 171,487 100,081 163,106 240,200 135,237 251,069 285,556
Net income 1 121,977 136,870 45,003 125,387 167,700 148,608 188,208 214,821
Net Debt 1 311,949 396,055 519,251 383,894 389,807 303,548 138,235 -36,493
Reference price 2 6,717.50 4,874.00 3,422.50 3,065.00 2,492.00 2,480.00 2,480.00 2,480.00
Nbr of stocks (in thousands) 1,171,466 1,160,524 1,148,061 1,149,199 1,148,428 1,146,310 - -
Announcement Date 4/22/21 A 4/21/22 A 4/24/23 A 4/23/24 A 4/24/25 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.8x2.17x9.74x3.05% 243B
25.45x3x16.35x2.06% 244B
30.29x3.89x17.95x1.61% 187B
42.11x5.65x25.19x1.01% 141B
34.72x5.18x22.05x1.1% 152B
42.49x6.99x28.15x0.1% 98.83B
87.54x11.02x62.54x0.36% 92.52B
30.49x4.95x17.22x1.48% 83.1B
28.83x5.14x19.54x1.4% 53.13B
Average 37.64x 5.33x 24.30x 1.35% 143.8B
Weighted average by Cap. 33.64x 4.61x 21.37x 1.62%

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