Projected Income Statement: SMC Corporation

Forecast Balance Sheet: SMC Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -685,510 -611,310 -498,220 -650,738 -658,778 -702,875 -774,192 -876,766
Change - 10.82% 18.5% -30.61% -1.24% -6.69% -10.15% -13.25%
Announcement Date 5/13/22 A 5/15/23 A 5/14/24 A 5/14/25 A 5/14/26 A - - -
1JPY in Million
Estimates

Cash Flow Forecast: SMC Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 77,588 81,592 102,347 106,739 152,701 97,207 78,876 75,743
Change - 5.16% 25.44% 4.29% 43.06% -36.34% -18.86% -3.97%
Free Cash Flow (FCF) 1 39,878 14,531 -33,693 231,890 81,406 168,350 205,080 236,525
Change - -63.56% -331.87% 788.24% -64.89% 106.8% 21.82% 15.33%
Announcement Date 5/13/22 A 5/15/23 A 5/14/24 A 5/14/25 A 5/14/26 A - - -
1JPY in Million
Estimates

Forecast Financial Ratios: SMC Corporation

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 34.15% 34.43% 29.55% 28.35% 27.93% 31.26% 31.12% 31.31%
EBIT Margin (%) 31.32% 31.31% 25.26% 24.02% 22.61% 25.23% 25.32% 25.13%
EBT Margin (%) 37.51% 37.44% 32.52% 26.65% 28.13% 28.15% 27.27% 27.16%
Net margin (%) 26.53% 27.23% 22.95% 19.74% 19.86% 20.44% 19.9% 19.87%
FCF margin (%) 5.48% 1.76% -4.34% 29.28% 9.66% 15.68% 17.53% 19.39%
FCF / Net Income (%) 20.66% 6.47% -18.89% 148.32% 48.66% 76.71% 88.06% 97.6%

Profitability

        
ROA 16.5% 16.55% 12.48% 10.01% 10.68% 8.75% 9.1% 9.06%
ROE 13.2% 13.8% 10% 8.2% 8.3% 10.27% 10.26% 10.06%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 10.67% 9.89% 13.17% 13.48% 18.12% 9.06% 6.74% 6.21%
CAPEX / EBITDA (%) 31.23% 28.73% 44.58% 47.53% 64.9% 28.96% 21.66% 19.84%
CAPEX / FCF (%) 194.56% 561.5% -303.76% 46.03% 187.58% 57.74% 38.46% 32.02%

Items per share

        
Cash flow per share 1 3,235 3,840 3,284 2,981 3,348 4,408 4,712 5,017
Change - 18.69% -14.46% -9.24% 12.3% 31.66% 6.9% 6.47%
Dividend per Share 1 750 900 950 1,000 1,000 1,064 1,174 1,241
Change - 20% 5.56% 5.26% 0% 6.38% 10.39% 5.71%
Book Value Per Share 1 23,808 26,332 29,339 30,255 33,499 35,045 37,330 39,867
Change - 10.6% 11.42% 3.12% 10.72% 4.62% 6.52% 6.8%
EPS 1 2,924 3,445 2,767 2,445 2,640 3,490 3,713 3,880
Change - 17.81% -19.67% -11.65% 7.99% 32.21% 6.39% 4.48%
Nbr of stocks (in thousands) 65,340 64,501 64,179 63,734 63,139 62,869 62,869 62,869
Announcement Date 5/13/22 A 5/15/23 A 5/14/24 A 5/14/25 A 5/14/26 A - - -
1JPY
Estimates
2027 *2028 *
P/E 19.5x 18.4x
PBR 1.94x 1.83x
EV / Sales 3.34x 3x
Yield 1.56% 1.72%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
68,160.00JPY
Average target price
88,153.85JPY
Spread / Average Target
+29.33%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. 6273 Stock
  4. Financials SMC Corporation
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