Company Valuation: SMC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,498,029 4,504,091 5,444,322 3,382,361 3,780,140 4,715,164 - -
Change - 0.13% 20.88% -37.87% 11.76% 24.74% - -
Enterprise Value (EV) 1 3,812,519 3,892,781 4,946,102 2,731,623 3,121,362 4,040,845 4,005,469 3,937,507
Change - 2.11% 27.06% -44.77% 14.27% 29.46% -0.88% -1.7%
P/E 23.5x 20.3x 30.7x 21.7x 22.7x 25.9x 23.6x 22.2x
PBR 2.89x 2.65x 2.89x 1.75x 1.79x 2.2x 2.09x 1.97x
PEG - 1.1x -1.6x -1.9x 2.84x 2.67x 2.49x 3.29x
Capitalization / Revenue 6.18x 5.46x 7.01x 4.27x 4.49x 4.77x 4.38x 4.18x
EV / Revenue 5.24x 4.72x 6.37x 3.45x 3.7x 4.09x 3.72x 3.49x
EV / EBITDA 15.3x 13.7x 21.5x 12.2x 13.3x 13.7x 12.6x 11.7x
EV / EBIT 16.7x 15.1x 25.2x 14.4x 16.4x 17.5x 15.8x 14.8x
EV / FCF 95.6x 268x -147x 11.8x 38.3x 33.9x 25.8x 23.9x
FCF Yield 1.05% 0.37% -0.68% 8.49% 2.61% 2.95% 3.88% 4.18%
Dividend per Share 2 750 900 950 1,000 1,000 1,056 1,157 1,210
Rate of return 1.09% 1.29% 1.12% 1.88% 1.67% 1.41% 1.54% 1.61%
EPS 2 2,924 3,445 2,767 2,445 2,640 2,896 3,171 3,385
Distribution rate 25.7% 26.1% 34.3% 40.9% 37.9% 36.5% 36.5% 35.7%
Net sales 1 727,397 824,772 776,873 792,108 842,500 987,779 1,075,518 1,126,808
EBITDA 1 248,414 283,967 229,581 224,552 235,300 294,293 319,005 336,826
EBIT 1 227,857 258,200 196,226 190,244 190,500 230,421 254,194 266,615
Net income 1 192,991 224,609 178,321 156,344 167,300 183,378 200,441 210,860
Net Debt 1 -685,510 -611,310 -498,220 -650,738 -658,778 -674,320 -709,696 -777,657
Reference price 2 68,840.00 69,830.00 84,830.00 53,070.00 59,870.00 75,000.00 75,000.00 75,000.00
Nbr of stocks (in thousands) 65,340 64,501 64,179 63,734 63,139 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 in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.9x4.09x13.73x1.41% 29.09B
34.99x6.01x22.31x0.77% 120B
32.76x6.09x21.07x1.84% 40.34B
33.04x4.23x15.63x0.11% 30.97B
123.63x42.78x100.31x0.31% 29.1B
21.06x1.74x12.79x2.3% 29.94B
26.56x3.19x13.89x1.42% 28.86B
23.41x3.43x14.8x1% 28.58B
25.93x3.35x16.03x1.75% 24.05B
92.46x6.35x33.44x - 22.62B
Average 43.97x 8.13x 26.40x 1.21% 38.37B
Weighted average by Cap. 40.87x 7.64x 25.23x 1.11%

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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