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CAJPY · OTC · United States · Photographic Equipment & Supplies
In shortCANON INC is profitable, generates cash and holds more cash than debt, with revenue growing (+14.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 8.8% | 46/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 6.1% | 44/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 8.1% | 41/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.2% | 55/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.58× | 65/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.02× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 337.86× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 1.8% | 27/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.30× | 0/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 12.0% | 67/100 |
| Operating margin volatility | 2.4% | 87/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.9% | 38/100 |
|---|---|---|
| EPS growth, 3-year average | 26.5% | 100/100 |
Weight in the score: 10%
Fiscal year 2022 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
JPY millions; negative values in parentheses.
| Fiscal year | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|
| Revenue | 3,951,937 | 3,593,299 | 3,160,243 | 3,513,357 | 4,031,414 |
| Cost of revenue | 2,116,383 | 1,983,266 | 1,784,375 | 1,885,565 | 2,203,612 |
| Gross profit | 1,835,554 | 1,610,033 | 1,375,868 | 1,627,792 | 1,827,802 |
| Research & development | 315,842 | 298,503 | 272,312 | 287,338 | 306,730 |
| Selling, general & admin | 1,177,260 | 1,137,110 | 993,009 | 1,058,536 | 1,167,673 |
| Operating income | 342,452 | 174,420 | 110,547 | 281,918 | 353,399 |
| Interest expense | 797 | 1,038 | 854 | 647 | 1,046 |
| Pre-tax income | 362,392 | 195,493 | 130,280 | 302,706 | 352,440 |
| Income tax | 95,995 | 56,146 | 34,337 | 71,866 | 92,356 |
| Net income | 252,441 | 124,964 | 83,318 | 214,718 | 243,961 |
| Diluted EPS | ¥233.78 | ¥116.77 | ¥79.35 | ¥205.29 | ¥236.63 |
| Diluted shares (millions) | 1,080 | 1,070 | 1,050 | 1,046 | 1,031 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2022 · Data updated Mar 30, 2023