Renesas Electronics Future Growth

Future criteria checks 2/6

Renesas Electronics is forecast to grow earnings and revenue by 10.2% and 7.8% per annum respectively. EPS is expected to grow by 10.5% per annum. Return on equity is forecast to be 11.1% in 3 years.

Key information

10.2%

Earnings growth rate

10.5%

EPS growth rate

Semiconductor earnings growth	14.7%
Revenue growth rate	7.8%
Future return on equity	11.1%
Analyst coverage	Good
Last updated	12 Dec 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:NEN0 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,618,197	292,092	348,787	526,087	12
12/31/2025	1,447,677	228,782	284,150	437,550	13
12/31/2024	1,351,921	228,361	358,000	375,367	11
9/30/2024	1,417,812	266,339	212,411	393,850	N/A
6/30/2024	1,451,921	280,913	304,484	469,555	N/A
3/31/2024	1,461,831	311,741	352,833	487,628	N/A
12/31/2023	1,469,415	337,086	367,500	496,627	N/A
9/30/2023	1,498,295	342,613	345,151	446,271	N/A
6/30/2023	1,506,036	342,000	382,151	479,992	N/A
3/31/2023	1,513,939	301,960	365,705	461,145	N/A
12/31/2022	1,500,853	256,632	391,126	479,325	N/A
9/30/2022	1,424,472	236,957	399,893	484,332	N/A
6/30/2022	1,295,773	199,993	339,520	415,054	N/A
3/31/2022	1,137,028	173,430	284,287	349,685	N/A
12/31/2021	993,908	119,536	255,038	307,384	N/A
9/30/2021	871,566	82,612	235,906	278,578	N/A
6/30/2021	791,811	60,119	229,915	267,903	N/A
3/31/2021	740,608	48,051	207,113	242,442	N/A
12/31/2020	715,673	45,626	185,703	223,889	N/A
9/30/2020	716,095	39,968	180,225	220,693	N/A
6/30/2020	720,774	28,470	160,484	203,531	N/A
3/31/2020	746,727	7,208	160,814	210,674	N/A
12/31/2019	718,243	-6,317	145,592	201,960	N/A
9/30/2019	713,120	-13,413	109,653	189,169	N/A
6/30/2019	709,989	-9,609	99,346	183,004	N/A
3/31/2019	720,850	25,819	90,535	175,152	N/A
12/31/2018	756,503	50,989	85,434	172,308	N/A
9/30/2018	779,827	75,920	73,606	155,114	N/A
6/30/2018	795,106	90,682	N/A	157,553	N/A
3/31/2018	788,527	80,558	N/A	169,833	N/A
12/31/2017	780,261	77,196	N/A	164,222	N/A
12/31/2016	628,041	58,825	N/A	127,843	N/A
9/30/2016	637,192	48,277	N/A	109,801	N/A
6/30/2016	665,963	66,398	N/A	122,276	N/A
3/31/2016	693,289	86,292	N/A	126,296	N/A
12/31/2015	707,707	85,045	N/A	133,445	N/A
9/30/2015	734,847	104,656	N/A	141,812	N/A
6/30/2015	761,117	91,038	N/A	146,256	N/A
3/31/2015	791,074	82,365	N/A	116,746	N/A
12/31/2014	809,367	57,858	N/A	114,908	N/A
9/30/2014	833,073	42,637	N/A	107,804	N/A
6/30/2014	843,213	19,898	N/A	67,306	N/A
3/31/2014	833,011	-5,291	N/A	93,722	N/A
12/31/2013	817,874	4,312	N/A	78,262	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEN0's forecast earnings growth (10.2% per year) is above the savings rate (1%).

Earnings vs Market: NEN0's earnings (10.2% per year) are forecast to grow slower than the German market (20.6% per year).

High Growth Earnings: NEN0's earnings are forecast to grow, but not significantly.

Revenue vs Market: NEN0's revenue (7.8% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: NEN0's revenue (7.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NEN0's Return on Equity is forecast to be low in 3 years time (11.1%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 07:10
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

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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

Renesas Electronics Corporation is covered by 26 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
George Chang	Aletheia Analyst Network Limited
Scott Foster	BNP Paribas Securities (Asia)
Mikio Hirakawa	BofA Global Research

Renesas Electronics Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Renesas Electronics Corporation Introduces USB PD EPR Solution Featuring Type-C Port Controller and Buck-Boost Battery Charger

Renesas Electronics Corporation Extends Line-Up for Industrial Ethernet and Multi-Axis Motor Control Solutions with High Performance Quad-Core Application Processor

Renesas Electronics Corporation Introduces New AnalogPAK Programmable Mixed-Signal ICs, Including First Low-Power Device with 14-Bit SAR ADC

Renesas Announces Executive Changes, Effective January 1, 2025

Renesas Electronics Corporation Introduces the RA8E1 and RA8E2 Microcontroller Group

Renesas Electronics Corporation Announces Executive Changes, Effective January 1, 2025

Renesas Introduces Four-Channel Master IC and Sensor Signal Conditioner for the Growing IO-Link Market

Renesas Electronics Corporation to Report Q3, 2024 Results on Oct 31, 2024

Renesas Electronics Corporation Launches Ultra Compact Sensor Module for Smart Air Quality Monitoring at Homes, Schools and Public Buildings

Renesas Electronics Corporation (TSE:6723) completed the acquisition of Altium Limited (ASX:ALU) from Hsbc Custody Nominees (Australia) Limited, J.P. Morgan Nominees Australia Limited, Citicorp Nominees Pty. Ltd., National Nominees Limited and others.

Renesas Electronics Corporation to Report Q2, 2024 Results on Jul 25, 2024

Renesas Electronics Corporation (TSE:6723) completed the acquisition of acquire Transphorm, Inc. (NasdaqCM:TGAN) from KKR & Co. Inc. (NYSE:KKR), KKR Phorm Investors L.P., KKR Group Partnership L.P., KKR Group Holdings Corp., KKR Group Co. Inc. and KKR Phorm Investors GP LLC.