Company Valuation: NEC Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,403,157 1,358,384 2,928,366 4,191,365 5,109,408 6,735,166 - -
Change - -3.19% 115.58% 43.13% 21.9% 31.82% - -
Enterprise Value (EV) 1 1,552,201 1,484,571 2,984,791 4,273,109 4,939,589 6,474,319 6,264,359 6,102,049
Change - -4.36% 101.05% 43.16% 15.6% 31.07% -3.24% -2.59%
P/E 9.93x 12x 19.6x 23.9x 19x 22x 19.3x 17.2x
PBR 0.93x 0.84x 1.53x 2.15x 2.32x 2.76x 2.5x 2.22x
PEG - -0.7x 0.6x 1.4x 0.3x 1.6x 1.4x 1.4x
Capitalization / Revenue 0.47x 0.41x 0.84x 1.22x 1.43x 1.75x 1.66x 1.59x
EV / Revenue 0.51x 0.45x 0.86x 1.25x 1.38x 1.68x 1.55x 1.44x
EV / EBITDA 4.96x 4.2x 7.94x 9.68x 9.6x 10.6x 9.22x 8.28x
EV / EBIT 11.7x 8.71x 15.9x 16.7x 13.7x 14.4x 12.2x 10.7x
EV / FCF 18.4x 14.5x 17.1x 20x 12.2x 30x 19.8x 17.7x
FCF Yield 5.42% 6.91% 5.85% 4.99% 8.19% 3.33% 5.05% 5.65%
Dividend per Share 2 20 22 24 28 38 43.01 48.55 54.38
Rate of return 1.94% 2.16% 1.09% 0.89% 0.99% 0.85% 0.96% 1.07%
EPS 2 103.7 84.9 112.2 131.5 203 231.2 263.5 296
Distribution rate 19.3% 25.9% 21.4% 21.3% 18.7% 18.6% 18.4% 18.4%
Net sales 1 3,014,095 3,313,018 3,477,262 3,423,400 3,582,733 3,854,719 4,052,573 4,243,311
EBITDA 1 313,064 353,745 375,712 441,600 514,415 612,638 679,439 736,776
EBIT 1 132,525 170,447 188,012 256,500 359,913 450,584 513,777 571,392
Net income 1 141,277 114,500 149,521 175,183 270,228 306,364 353,248 395,989
Net Debt 1 149,044 126,187 56,425 81,744 -169,819 -260,847 -470,806 -633,117
Reference price 2 1,030.00 1,020.00 2,198.00 3,145.00 3,846.00 5,078.00 5,078.00 5,078.00
Nbr of stocks (in thousands) 1,362,288 1,331,749 1,332,286 1,332,707 1,328,499 1,326,342 - -
Announcement Date 28/4/22 28/4/23 26/4/24 28/4/25 28/4/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.65x3.57x12.46x3.07% 208B
21.49x4.55x11.16x0.77% 185B
-591.66x42.08x172.86x-.--% 122B
-130.95x18.18x99.98x-.--% 117B
14.61x1.59x8.35x3.28% 117B
13.53x2.44x9.25x6.08% 77.81B
20.02x5.31x13.05x2.8% 59.71B
-17.3x7.37x12.53x-.--% 48.78B
23.1x1.91x12.12x1.35% 45.27B
Average -69.50x 9.67x 39.08x 1.93% 108.97B
Weighted average by Cap. -76.46x 10.19x 41.93x 1.9%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NEC Corporation

Historical PBR trend

Valuation ratios - PBR - NEC Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NEC Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NEC Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - NEC Corporation