Canon Inc.

WBAG:CNN1 Stock Report

Market Cap: €29.9b

Canon Valuation

Is CNN1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CNN1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CNN1 (€31.57) is trading below our estimate of fair value (€37.47)

Significantly Below Fair Value: CNN1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CNN1?

Key metric: As CNN1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CNN1. This is calculated by dividing CNN1's market cap by their current earnings.
What is CNN1's PE Ratio?
PE Ratio16.3x
EarningsJP¥299.14b
Market CapJP¥4.87t

Price to Earnings Ratio vs Peers

How does CNN1's PE Ratio compare to its peers?

The above table shows the PE ratio for CNN1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.6x
4901 FUJIFILM Holdings
16.4x9.6%JP¥3.9t
2382 Quanta Computer
19.8x19.7%NT$1.1t
HPE Hewlett Packard Enterprise
11.1x0.6%US$28.4b
HPQ HP
11.1x1.9%US$30.9b
CNN1 Canon
16.3x7.3%€4.9t

Price-To-Earnings vs Peers: CNN1 is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (14.6x).

Price to Earnings Ratio vs Industry

How does CNN1's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CNN1 16.3xIndustry Avg. 21.8xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CNN1 is good value based on its Price-To-Earnings Ratio (16.3x) compared to the Global Tech industry average (21.8x).

Price to Earnings Ratio vs Fair Ratio

What is CNN1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CNN1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CNN1's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CNN1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€31.57
€33.02
+4.6%
5.4%€36.29€30.24n/a11
Dec ’25€30.47
€30.85
+1.2%
11.1%€34.82€21.38n/a11
Nov ’25€29.49
€30.50
+3.4%
11.3%€34.49€21.18n/a11
Oct ’25€29.63
€31.24
+5.4%
6.2%€34.20€28.60n/a10
Sep ’25€31.17
€31.24
+0.2%
6.2%€34.20€28.60n/a10
Aug ’25€26.72
€28.08
+5.1%
14.1%€35.14€21.58n/a11
Jul ’25€25.39
€26.04
+2.5%
13.5%€32.55€20.71n/a11
Jun ’25€26.54
€26.39
-0.6%
12.6%€32.25€21.30n/a11
May ’25€25.45
€25.82
+1.4%
13.2%€31.89€21.06n/a11
Apr ’25€27.55
€25.56
-7.2%
11.6%€31.17€21.39n/a11
Mar ’25€27.10
€24.87
-8.2%
11.1%€31.31€21.49n/a12
Feb ’25€25.50
€24.31
-4.7%
10.3%€29.99€21.87n/a11
Jan ’25€24.00
€24.89
+3.7%
10.5%€30.85€22.50n/a11
Dec ’24€23.90
€23.84
-0.2%
11.6%€30.05€19.41€30.4712
Nov ’24€22.70
€24.31
+7.1%
10.5%€30.37€19.62€29.4913
Oct ’24€22.90
€24.12
+5.3%
11.5%€30.38€19.62€29.6314
Sep ’24€22.90
€23.93
+4.5%
11.3%€30.36€19.60€31.1713
Aug ’24€23.50
€23.84
+1.4%
12.0%€30.48€19.69€26.7213
Jul ’24€24.00
€22.48
-6.3%
10.8%€26.68€19.69€25.3914
Jun ’24€23.55
€23.16
-1.6%
11.2%€28.03€20.02€26.5415
May ’24€21.35
€22.29
+4.4%
10.5%€27.98€19.98€25.4515
Apr ’24€20.50
€22.89
+11.7%
9.5%€26.73€20.14€27.5515
Mar ’24€20.27
€23.17
+14.3%
11.1%€28.31€20.17€27.1015
Feb ’24€20.37
€23.55
+15.6%
11.0%€28.26€20.14€25.5015
Jan ’24€20.33
€24.72
+21.6%
8.6%€28.47€21.36€24.0015
Dec ’23€22.30
€24.71
+10.8%
10.5%€30.51€20.80€23.9015

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 06:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Canon Inc. is covered by 39 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Masahiro NakanomyoBarclays
Kunihiko KannoBNP Paribas Securities (Asia)
Takashi IwaiBofA Global Research