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 4,751,000 - -
Change - 0.13% 20.88% -37.87% 11.76% 25.68% - -
Enterprise Value (EV) 1 3,812,519 3,892,781 4,946,102 2,731,623 3,121,362 4,076,680 4,041,304 3,973,343
Change - 2.11% 27.06% -44.77% 14.27% 30.61% -0.87% -1.68%
P/E 23.5x 20.3x 30.7x 21.7x 22.7x 26.1x 23.8x 22.3x
PBR 2.89x 2.65x 2.89x 1.75x 1.79x 2.21x 2.11x 1.98x
PEG - 1.1x -1.6x -1.9x 2.84x 2.69x 2.51x 3.31x
Capitalization / Revenue 6.18x 5.46x 7.01x 4.27x 4.49x 4.81x 4.42x 4.22x
EV / Revenue 5.24x 4.72x 6.37x 3.45x 3.7x 4.13x 3.76x 3.53x
EV / EBITDA 15.3x 13.7x 21.5x 12.2x 13.3x 13.9x 12.7x 11.8x
EV / EBIT 16.7x 15.1x 25.2x 14.4x 16.4x 17.7x 15.9x 14.9x
EV / FCF 95.6x 268x -147x 11.8x 38.3x 34.2x 26x 24.2x
FCF Yield 1.05% 0.37% -0.68% 8.49% 2.61% 2.92% 3.84% 4.14%
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% 1.4% 1.53% 1.6%
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 75,570.00 75,570.00 75,570.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.09x4.13x13.85x1.4% 29.41B
35.31x6.06x22.53x0.76% 121B
33.45x6.24x21.44x1.81% 41.34B
32.92x4.22x15.58x0.11% 30.86B
20.65x1.7x12.52x2.36% 29.31B
23.81x3.48x15.01x0.99% 29B
26.5x3.19x13.9x1.42% 28.81B
102.42x7x36.82x - 25.06B
26.01x3.36x16.06x1.75% 24.01B
43.92x10.37x32.69x0.85% 21.95B
Average 37.11x 4.97x 20.04x 1.27% 38.1B
Weighted average by Cap. 35.86x 5.17x 20.30x 1.15%

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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