Fanuc Corporation

6954.T · Industrials · Specialty Industrial Machinery · Valued as of 2026-11-03 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

12.95B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

10.88B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

12.91B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

12.24B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

36.03B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.34×

the ratio the screener ranks by

Margin of Safety

-194.3%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 12.95B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)8.23B USD
+②Net Cash Today4.72B USD
+③Growth Value0 USD
=Value12.95B USD

EPV of the Operations (NOPAT over WACC)

8.23B USD

Net cash today

+4.72B USD

Growth Value

0 USD

Value

12.95B USD

①EPV (earnings power value)

8.23B USD

②Net Cash Today

4.72B USD

③Growth Value

0 USD

Market value

Market Cap36.03B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-178.3%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 10.88B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE7.10B USD
+②Equity at Year 15, Today3.78B USD
=Value10.88B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

7.10B USD

②Equity at Year 15, Today

3.78B USD

Market value

Market Cap36.03B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-231.3%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 12.91B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF6.11B USD
+②Invested Capital at Year 15, Today2.08B USD
+③Net Cash Today4.72B USD
=Value12.91B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

6.11B USD

②Invested Capital at Year 15, Today

2.08B USD

③Net Cash Today

4.72B USD

Market value

Market Cap36.03B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-179.1%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 10.05%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.93×Market Risk Premium 6.00%= 10.05%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 363.77M USDPretax Income 1.42B USD= 25.53%

The tax the interest saves.

Interest Expense =EBIT 1,150.81M USD−Pretax Income 1,424.62M USD= —

The interest the company paid: EBIT is the profit before tax plus the interest.

No interest is read: it needs debt and an EBIT above the profit before tax, the gap between them being the interest. Without it the cost of debt takes the 4% default.

Cost of Debt 4.00% (default): with no debt or no interest read, the 4% default after tax stands for what the lenders are paid a year.

Debt Weight =Total Debt 0 USDMarket Cap + Total Debt 36.03B USD + 0 USD= 0.00%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 100.00%×Cost of Equity 10.05%+Debt Weight 0.00%×Cost of Debt 4.00%= 10.05%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 13.09B USD − Total Liabilities 1.30B USD = Book Value Today 11.79B USD

Total Debt 0 USD − Cash and Short-Term Investments 4.72B USD = Net Debt Today -4.72B USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-1.3%at most 5%passes933,158,809 / 945,647,941
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets4.0%at least -10.0%passes(1.57B USD − 1.04B USD) ÷ 13.09B USD
Price to bookMarket Cap ÷ Book Value Today3.06×at most 3×does not pass36.03B USD ÷ 11.79B USD
Operating marginOperating Income ÷ Revenue21.4%above 10.0%passes1.15B USD ÷ 5.37B USD
Revenue growthRevenue ÷ Revenue a Year Before − 10.7%above 10.0%does not pass5.37B USD / 5.33B USD
Net cash(Cash − Total Debt) ÷ Market Cap12.5%above -30%passes(4.50B USD − 0 USD) ÷ 36.03B USD
Operating efficiencyOperating Income ÷ Gross Profit55.9%above 25.0%passes1.15B USD ÷ 2.06B USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

6081.07 JPY

Enterprise value

4.93T JPY

the provider's own figure

EV / EBITDA

20.27×

Price / book

3.00×

the provider's book

Price / earnings

34.07×

Return on equity

10.1%

the provider's figure, not this page's

Profit margin

20.1%

Revenue growth

17.7%

Analyst target, mean

7286.17 JPY

Analysts

18

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2023202420252026
Income statement

Revenue

6.40B5.26B5.33B5.37B

Gross profit

2.45B1.82B1.97B2.06B

Operating income

1.44B938.07M1.06B1.15B

EBITDA

operating income before depreciation and amortisation

1.81B1.26B1.37B1.45B

Pretax income

1.73B1.20B1.32B1.42B

Net income

1.28B880.16M987.22M1.04B

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

1.30B884.75M998.98M1.05B

R&D

————
Balance sheet, year end

Total assets

14.08B12.73B12.96B13.09B

Total liabilities

1.85B1.37B1.32B1.30B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

12.14B11.27B11.54B11.68B

Total debt

————

Cash and equivalents

3.85B3.46B3.95B4.50B

Net PP&E

fixed assets after depreciation

4.42B4.02B4.04B3.70B

Working capital

current assets less current liabilities

6.60B6.08B6.21B6.62B
Cash flow

Operating cash flow

747.78M1.14B1.71B1.57B

Capital expenditure

paid out, so below zero

-353.70M-356.17M-273.00M-132.65M

Depreciation and amortisation

369.65M323.89M310.76M299.23M

Free cash flow

operating cash flow plus capital expenditure

394.08M779.17M1.43B1.44B