Company Valuation: Shimadzu Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,247,857 1,219,940 1,246,677 1,081,847 1,065,901 1,111,264 - -
Change - -2.24% 2.19% -13.22% -1.47% 4.26% - -
Enterprise Value (EV) 1 1,091,600 1,071,936 1,093,306 950,180 909,068 1,041,238 1,020,796 991,731
Change - -1.8% 1.99% -13.09% -4.33% 14.54% -1.96% -2.85%
P/E 26.4x 23.4x 21.9x 20.3x 17.6x 18.4x 17.1x 15.2x
PBR 3.27x 2.88x 2.53x 2.16x 1.89x 1.86x 1.74x 1.58x
PEG - 2.3x 2.29x -3.93x 1.3x 392.18x 2.37x 1.2x
Capitalization / Revenue 2.91x 2.53x 2.44x 2.01x 1.9x 1.81x 1.69x 1.59x
EV / Revenue 2.55x 2.22x 2.14x 1.76x 1.62x 1.7x 1.55x 1.42x
EV / EBITDA 13.6x 12.5x 12x 10.4x 9.66x 9.79x 8.68x 7.67x
EV / EBIT 17.1x 15.7x 15x 13.2x 12.3x 13x 11.8x 10.1x
EV / FCF 19x 41.6x 77.4x 33x 23.4x -55.5x 23.9x 18x
FCF Yield 5.25% 2.41% 1.29% 3.03% 4.27% -1.8% 4.19% 5.54%
Dividend per Share 2 48 54 60 66 69 70.5 76.6 83.42
Rate of return 1.13% 1.3% 1.42% 1.77% 1.87% 1.83% 1.99% 2.17%
EPS 2 160.5 176.6 193.5 183.6 209.4 209.5 224.6 253.1
Distribution rate 29.9% 30.6% 31% 36% 33% 33.7% 34.1% 33%
Net sales 1 428,175 482,240 511,895 539,047 560,728 612,304 657,380 697,651
EBITDA 1 80,011 85,743 91,304 91,615 94,083 106,374 117,631 129,265
EBIT 1 63,806 68,219 72,753 71,720 73,702 80,102 86,837 98,488
Net income 1 47,289 52,048 57,037 53,776 60,499 60,377 64,727 72,852
Net Debt 1 -156,257 -148,004 -153,371 -131,667 -156,833 -70,026 -90,467 -119,532
Reference price 2 4,235.00 4,140.00 4,230.00 3,730.00 3,689.00 3,846.00 3,846.00 3,846.00
Nbr of stocks (in thousands) 294,653 294,672 294,723 290,039 288,940 288,940 - -
Announcement Date 5/10/22 A 5/10/23 A 5/10/24 A 5/12/25 A 5/12/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.36x1.7x9.79x1.83% 7.12B
28.97x6.84x21.68x-.--% 26.95B
248.62x - - - 3.18B
41.95x2.63x16.12x1.54% 2.97B
16.04x1.84x9.79x1.9% 2.14B
39.25x9.27x36.53x1.14% 1.78B
40.03x7.23x29.31x0.23% 1.36B
314.25x - - - 829M
23.37x2.49x12.23x1.12% 819M
Average 85.65x 4.57x 19.35x 1.11% 5.24B
Weighted average by Cap. 48.05x 5.48x 19.41x 0.58%

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

  1. Stock Market
  2. Stocks
  3. 7701 Stock
  4. Valuation Shimadzu Corporation