Canon Inc (CAJFF) stock analysis

CAJFFOTCPhotographic Equipment & SuppliesFiscal year ends December 31Also trades as CAJPY

Financials through fiscal 2022, year ended Dec 31, 2022Last filing: 20-F on Mar 30, 2023

$29.75+0.00 (0.00%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2008 to 2022

45.3%−3.4 pts over 5 years

8.8%+0.9 pts over 5 years

6.1%+0.1 pts over 5 years

Compound annual growth to fiscal 2022

Per year	1 year	3 years	5 years	10 years
Revenue	+14.7%	+3.9%	-0.2%	+1.5%
Gross profit	+12.3%	+4.3%	-1.7%	+1.0%
Operating income	+25.4%	+26.5%	+1.9%	+0.9%
Net income	+13.6%	+25.0%	+0.2%	+0.8%
EPS, diluted	+15.3%	+26.5%	+1.2%	+2.1%
Free cash flow	-72.9%	-19.6%	-28.7%	+0.9%

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2013	FY2017	FY2022
Return on equity	8.4%	8.6%	8.1%
Return on assets	5.6%	4.7%	5.0%
Current ratio	2.69	2.01	1.58
Debt to equity	0.00	0.19	0.11
Net debt to EBITDA	-1.28×	-0.32×	-0.01×
Interest coverage	613.2×	393.2×	337.9×
Inventory turnover	3.5×	3.7×	3.0×
Capex to revenue	6.2%	4.6%	4.7%
Diluted shares	1.15B	1.09B	1.03B

Return on equity split into margin, efficiency and leverage

Net margin6.1%

Asset turnover0.82×

Equity multiplier1.64×

Return on equity, FY20228.1%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2022	6.1%	0.82×	1.64×	8.1%
FY2021	6.1%	0.75×	1.72×	7.9%
FY2020	2.6%	0.67×	1.79×	3.2%
FY2019	3.5%	0.74×	1.75×	4.5%
FY2018	6.4%	0.78×	1.77×	8.9%
FY2017	5.9%	0.79×	1.83×	8.6%
FY2016	4.4%	0.71×	1.66×	5.2%
FY2015	5.8%	0.86×	1.50×	7.4%
FY2014	6.8%	0.86×	1.48×	8.7%
FY2013	6.2%	0.91×	1.49×	8.4%