Company Valuation: Renesas Electronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,764,012 2,118,920 4,510,709 3,667,244 3,878,230 6,533,274 - -
Change - -23.34% 112.88% -18.7% 5.75% 68.46% - -
Enterprise Value (EV) 1 3,356,176 2,538,595 4,726,976 4,852,369 4,750,299 7,107,793 6,744,699 6,260,198
Change - -24.36% 86.2% 2.65% -2.1% 49.63% -5.11% -7.18%
P/E 20.6x 8.6x 13.4x 16.9x -74.7x 21.4x 18.3x 16x
PBR 2.39x 1.39x 2.31x 1.45x 1.59x 2.17x 1.96x 1.75x
PEG - 0.1x 0.4x -0.5x 1x -0x 1.1x 1.1x
Capitalization / Revenue 2.78x 1.41x 3.07x 2.72x 2.94x 3.94x 3.6x 3.27x
EV / Revenue 3.38x 1.69x 3.22x 3.6x 3.6x 4.29x 3.72x 3.13x
EV / EBITDA 10.5x 3.97x 8.12x 9.98x 10.2x 11.3x 9.3x 7.65x
EV / EBIT 18.3x 4.54x 9.42x 12.2x 12.3x 12.9x 10.7x 8.69x
EV / FCF -9.43x 6.65x 20.6x 23x 14.5x 20.4x 16x 13x
FCF Yield -10.6% 15% 4.85% 4.34% 6.91% 4.91% 6.27% 7.67%
Dividend per Share 2 - - - 28 28 32.1 33.21 37.33
Rate of return - - - 1.37% 1.31% 0.9% 0.93% 1.04%
EPS 2 68.96 137.7 189.8 120.8 -28.65 167.1 195.5 223.1
Distribution rate - - - 23.2% -97.7% 19.2% 17% 16.7%
Net sales 1 994,418 1,500,900 1,469,415 1,348,479 1,321,200 1,658,346 1,813,387 1,999,289
EBITDA 1 320,097 639,200 581,900 486,200 464,100 630,714 725,182 818,854
EBIT 1 183,601 559,400 501,600 397,900 386,900 551,984 631,967 720,166
Net income 1 127,261 256,632 337,086 219,084 -51,800 302,982 361,854 419,280
Net Debt 1 592,164 419,675 216,267 1,185,125 872,069 574,519 211,425 -273,076
Reference price 2 1,423.00 1,183.50 2,549.00 2,046.50 2,140.00 3,575.00 3,575.00 3,575.00
Nbr of stocks (in thousands) 1,942,383 1,790,384 1,769,599 1,791,959 1,812,257 1,827,489 - -
Announcement Date 2/9/22 A 2/9/23 A 2/8/24 A 2/6/25 A 2/5/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.4x4.29x11.27x0.9% 41.42B
23.43x13.34x20.12x0.32% 5,649B
23.23x11.42x15.48x1.08% 2,035B
38.4x16.23x23.84x0.73% 1,695B
14.63x8.98x10.8x0.05% 1,214B
110.59x20.07x76.37x-.--% 1,035B
5.22x3.39x4.09x0.19% 996B
-51.7x10.3x28.67x-.--% 627B
243.9x53.58x109.14x-.--% 328B
Average 47.68x 15.73x 33.31x 0.36% 1,514B
Weighted average by Cap. 31.62x 13.61x 24.67x 0.41%

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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