Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt 380.94
CAJ's Cash to Debt is ranked higher than
91% of the 1974 Companies
in the Global Business Equipment industry.

( Industry Median: 0.88 vs. CAJ: 380.94 )
CAJ' s 10-Year Cash to Debt Range
Min: 0.73   Max: No Debt
Current: 380.94

Equity to Asset 0.69
CAJ's Equity to Asset is ranked higher than
82% of the 1967 Companies
in the Global Business Equipment industry.

( Industry Median: 0.51 vs. CAJ: 0.69 )
CAJ' s 10-Year Equity to Asset Range
Min: 0.35   Max: 0.72
Current: 0.69

0.35
0.72
Interest Coverage 613.23
CAJ's Interest Coverage is ranked higher than
79% of the 1264 Companies
in the Global Business Equipment industry.

( Industry Median: 29.39 vs. CAJ: 613.23 )
CAJ' s 10-Year Interest Coverage Range
Min: 2.77   Max: 646
Current: 613.23

2.77
646
F-Score: 9
Z-Score: 4.62
M-Score: -2.65
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 10.08
CAJ's Operating margin (%) is ranked higher than
83% of the 1981 Companies
in the Global Business Equipment industry.

( Industry Median: 6.44 vs. CAJ: 10.08 )
CAJ' s 10-Year Operating margin (%) Range
Min: 5.73   Max: 17.01
Current: 10.08

5.73
17.01
Net-margin (%) 6.72
CAJ's Net-margin (%) is ranked higher than
80% of the 1981 Companies
in the Global Business Equipment industry.

( Industry Median: 4.66 vs. CAJ: 6.72 )
CAJ' s 10-Year Net-margin (%) Range
Min: 1.6   Max: 10.95
Current: 6.72

1.6
10.95
ROE (%) 9.01
CAJ's ROE (%) is ranked higher than
76% of the 1968 Companies
in the Global Business Equipment industry.

( Industry Median: 7.43 vs. CAJ: 9.01 )
CAJ' s 10-Year ROE (%) Range
Min: 4.92   Max: 16.92
Current: 9.01

4.92
16.92
ROA (%) 6.12
CAJ's ROA (%) is ranked higher than
82% of the 1986 Companies
in the Global Business Equipment industry.

( Industry Median: 3.59 vs. CAJ: 6.12 )
CAJ' s 10-Year ROA (%) Range
Min: 2.35   Max: 10.83
Current: 6.12

2.35
10.83
ROC (Joel Greenblatt) (%) 20.46
CAJ's ROC (Joel Greenblatt) (%) is ranked higher than
82% of the 1984 Companies
in the Global Business Equipment industry.

( Industry Median: 12.92 vs. CAJ: 20.46 )
CAJ' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 12.43   Max: 43.86
Current: 20.46

12.43
43.86
Revenue Growth (%) 2.70
CAJ's Revenue Growth (%) is ranked higher than
66% of the 1758 Companies
in the Global Business Equipment industry.

( Industry Median: 3.70 vs. CAJ: 2.70 )
CAJ' s 10-Year Revenue Growth (%) Range
Min: -5.9   Max: 12.3
Current: 2.7

-5.9
12.3
EPS Growth (%) 0.20
CAJ's EPS Growth (%) is ranked higher than
67% of the 1366 Companies
in the Global Business Equipment industry.

( Industry Median: 4.50 vs. CAJ: 0.20 )
CAJ' s 10-Year EPS Growth (%) Range
Min: -32.2   Max: 56
Current: 0.2

-32.2
56
» CAJ's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

CAJ Guru Trades in Q3 2013

John Rogers 11,654 sh (New)
John Hussman 10,000 sh (+51.52%)
Jim Simons 332,200 sh (+29.31%)
David Dreman 200,915 sh (+21.33%)
Charles Brandes 2,336,001 sh (+5.12%)
Manning & Napier Advisors, Inc 187,067 sh (+3.08%)
Tweedy Browne 8,230 sh (unchged)
» More
Q4 2013

CAJ Guru Trades in Q4 2013

John Hussman 14,000 sh (+40%)
John Rogers 15,656 sh (+34.34%)
Charles Brandes 2,818,076 sh (+20.64%)
Tweedy Browne 8,230 sh (unchged)
David Dreman 141,769 sh (-29.44%)
Manning & Napier Advisors, Inc 122,788 sh (-34.36%)
Jim Simons 217,600 sh (-34.5%)
» More
Q1 2014

CAJ Guru Trades in Q1 2014

Jim Simons 353,800 sh (+62.59%)
David Dreman 201,743 sh (+42.3%)
Charles Brandes 3,313,113 sh (+17.57%)
Manning & Napier Advisors, Inc 128,101 sh (+4.33%)
John Rogers 15,734 sh (+0.5%)
John Hussman 14,000 sh (unchged)
Tweedy Browne Sold Out
» More
Q2 2014

CAJ Guru Trades in Q2 2014

Manning & Napier Advisors, Inc 141,081 sh (+10.13%)
Charles Brandes 3,358,662 sh (+1.37%)
John Rogers Sold Out
David Dreman 193,370 sh (-4.15%)
John Hussman 7,000 sh (-50%)
Jim Simons 170,599 sh (-51.78%)
» More
» Details

Insider Trades

Latest Guru Trades with CAJ

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2014-06-30 Reduce -50%0.02%$30.61 - $33.71 $ 33.364%7000
Charles Brandes 2014-03-31 Add 17.57%0.19%$28.9 - $32 $ 33.3610%3313113
David Dreman 2014-03-31 Add 42.3%0.14%$28.9 - $32 $ 33.3610%201743
Tweedy Browne 2014-03-31 Sold Out 0.01%$28.9 - $32 $ 33.3610%0
Charles Brandes 2013-12-31 Add 20.64%0.19%$31.21 - $33.32 $ 33.364%2818076
David Dreman 2013-12-31 Reduce -29.44%0.17%$31.21 - $33.32 $ 33.364%141769
John Hussman 2013-12-31 Add 40%0.01%$31.21 - $33.32 $ 33.364%14000
David Dreman 2013-09-30 Add 21.33%0.1%$29.9 - $34.68 $ 33.364%200915
John Hussman 2013-09-30 Add 51.52%0.01%$29.9 - $34.68 $ 33.364%10000
David Dreman 2013-06-30 Add 27.44%$32.33 - $38.86 $ 33.36-6%165593
John Hussman 2013-06-30 Add 50%$32.33 - $38.86 $ 33.36-6%6600
Ron Baron 2013-03-31 Sold Out 0.01%$34.82 - $40.14 $ 33.36-9%0
John Hussman 2013-03-31 Add 83.33%$34.82 - $40.14 $ 33.36-9%4400
David Dreman 2012-12-31 Add 24.98%0.03%$29.96 - $40.75 $ 33.36-2%147591
John Hussman 2012-12-31 Add 100%$29.96 - $40.75 $ 33.36-2%2400
Charles Brandes 2012-09-30 Add 25.8%0.21%$31.6 - $40.22 $ 33.36-5%2589237
David Dreman 2012-09-30 New Buy0.09%$31.6 - $40.22 $ 33.36-5%118089
Tweedy Browne 2012-09-30 Reduce -47.19%0.01%$31.6 - $40.22 $ 33.36-5%8230
John Hussman 2012-09-30 New Buy$31.6 - $40.22 $ 33.36-5%1200
Tweedy Browne 2012-03-31 Reduce -39.06%0.02%$42.54 - $48.1 $ 33.36-20%15585
Charles Brandes 2011-09-30 Reduce -31.06%0.39%$42.75 - $49.82 $ 33.36-28%2548440
Tweedy Browne 2011-06-30 New Buy0.04%$42.22 - $47.98 $ 33.36-27%25575
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Canon Inc

David Herro and Bill Nygren Comment on Canon - Jan 13, 2014

Falling 15%, the largest detractor for the year was Canon (CAJ), a Japan-based consumer imaging company.  This performance was largely the result of the downgrade of the ILC business (digital SLRs and lenses).  This business has lagged enough that management has lowered fiscal-year volume estimates from 9m to 8m.  Quarterly data confirms that imaging inventory has decreased year-over-year.  Despite falling prices due to uncertain consumer markets in developed markets and from trading down in emerging markets, management indicates pricing is normalizing.  The office products division has remained mostly unchanged, generating only slightly lower volumes.  In addition, print volumes are growing again, and Canon is taking market share.  We continue to believe that Canon is a compelling investment opportunity that will reward shareholders in the long term.



 



From the Oakmark Global Select Fund fourth quarter 2013 commentary.



Check out David Herro,Bill Nygren latest stock trades

Bill Nygren and David Herro Comment on Canon - Jul 12, 2013

The largest detractor from performance was Canon (CAJ), a Japan-based professional and consumer solutions company, which lost 8%. Canon’s first quarter results were weaker than expectations and guidance. Camera sales were hit particularly hard due to excess inventory stocked up after the Thai floods. Demand did not come through as expected, particularly in China and Europe, so heavy discounting was used to move excess inventory. For the remainder of the year, Canon should scale back these steep discounts, which will improve margins. Canon’s office segment also produced weak results; however, a recent refresh of their entire lineup of printers should help that division. Despite Canon’s disappointing first quarter results, we believe it remains a good long-term investment opportunity for our shareholders.

From the Oakmark Global Select Fund second quarter 2013 commentary.
Check out Bill Nygren,David Herro latest stock trades

Bill Nygren Comments on Canon - Oct 08, 2012

Canon (CAJ) is a Japan-based professional and consumer imaging solutions company and patent-holder of digital imaging technologies. The company’s products also include business office equipment, semiconductor manufacturing equipment, television broadcast lenses and devices used for eye examinations. We think that Canon is an attractive investment due to its formidable technological innovation and strength. The company holds several patents for the products it manufactures, giving the firm a measure of exclusivity. Over the past 10 years, Canon has consistently ranked second or third each year among the top 10 corporations awarded U.S. patents. The firm enjoys an original equipment manufacturer relationship with Hewlett-Packard that has spanned 25 years. Over the past few years, Canon has been Hewlett-Packard’s sole source for printers and Laser Beam Printers (used primarily by businesses). In addition to its core products, Canon also sells the related consumables, resulting in considerable supplemental cash flow. Management has repurchased almost 13% of outstanding shares since 2005, and plans are in place to continue stock repurchases.
From Oakmark Global Select Fund Letter to Shareholders Third Quarter.


Check out Bill Nygren latest stock trades

Top Ranked Articles about Canon Inc

David Herro and Bill Nygren Comment on Canon
Falling 15%, the largest detractor for the year was Canon (CAJ), a Japan-based consumer imaging company.  This performance was largely the result of the downgrade of the ILC business (digital SLRs and lenses).  This business has lagged enough that management has lowered fiscal-year volume estimates from 9m to 8m.  Quarterly data confirms that imaging inventory has decreased year-over-year.  Despite falling prices due to uncertain consumer markets in developed markets and from trading down in emerging markets, management indicates pricing is normalizing.  The office products division has remained mostly unchanged, generating only slightly lower volumes.  In addition, print volumes are growing again, and Canon is taking market share.  We continue to believe that Canon is a compelling investment opportunity that will reward shareholders in the long term. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 16.20
CAJ's P/E(ttm) is ranked higher than
76% of the 1618 Companies
in the Global Business Equipment industry.

( Industry Median: 20.50 vs. CAJ: 16.20 )
CAJ' s 10-Year P/E(ttm) Range
Min: 7.8   Max: 55.64
Current: 16.2

7.8
55.64
P/B 1.40
CAJ's P/B is ranked higher than
68% of the 1940 Companies
in the Global Business Equipment industry.

( Industry Median: 1.71 vs. CAJ: 1.40 )
CAJ' s 10-Year P/B Range
Min: 1.02   Max: 3.23
Current: 1.4

1.02
3.23
P/S 1.10
CAJ's P/S is ranked higher than
64% of the 1962 Companies
in the Global Business Equipment industry.

( Industry Median: 1.00 vs. CAJ: 1.10 )
CAJ' s 10-Year P/S Range
Min: 0.71   Max: 2.23
Current: 1.1

0.71
2.23
EV-to-EBIT 8.23
CAJ's EV-to-EBIT is ranked higher than
88% of the 1638 Companies
in the Global Business Equipment industry.

( Industry Median: 14.55 vs. CAJ: 8.23 )
CAJ' s 10-Year EV-to-EBIT Range
Min: 4.3   Max: 25.4
Current: 8.23

4.3
25.4
PEG 4.05
CAJ's PEG is ranked higher than
52% of the 825 Companies
in the Global Business Equipment industry.

( Industry Median: 1.40 vs. CAJ: 4.05 )
CAJ' s 10-Year PEG Range
Min: 0.44   Max: 13.71
Current: 4.05

0.44
13.71
Shiller P/E 18.70
CAJ's Shiller P/E is ranked higher than
81% of the 1067 Companies
in the Global Business Equipment industry.

( Industry Median: 23.92 vs. CAJ: 18.70 )
CAJ' s 10-Year Shiller P/E Range
Min: 7   Max: 30.36
Current: 18.7

7
30.36
Current Ratio 2.68
CAJ's Current Ratio is ranked higher than
82% of the 1976 Companies
in the Global Business Equipment industry.

( Industry Median: 1.81 vs. CAJ: 2.68 )
CAJ' s 10-Year Current Ratio Range
Min: 1.46   Max: 2.72
Current: 2.68

1.46
2.72
Quick Ratio 2.03
CAJ's Quick Ratio is ranked higher than
83% of the 1976 Companies
in the Global Business Equipment industry.

( Industry Median: 1.29 vs. CAJ: 2.03 )
CAJ' s 10-Year Quick Ratio Range
Min: 1.02   Max: 2.1
Current: 2.03

1.02
2.1

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.90
CAJ's Dividend Yield is ranked higher than
87% of the 1527 Companies
in the Global Business Equipment industry.

( Industry Median: 1.52 vs. CAJ: 1.90 )
CAJ' s 10-Year Dividend Yield Range
Min: 1.02   Max: 4.78
Current: 1.9

1.02
4.78
Dividend Payout 0.30
CAJ's Dividend Payout is ranked higher than
61% of the 1259 Companies
in the Global Business Equipment industry.

( Industry Median: 0.31 vs. CAJ: 0.30 )
CAJ' s 10-Year Dividend Payout Range
Min: 0.57   Max: 5.87
Current: 0.3

0.57
5.87
Dividend growth (3y) 4.50
CAJ's Dividend growth (3y) is ranked higher than
74% of the 1016 Companies
in the Global Business Equipment industry.

( Industry Median: 5.50 vs. CAJ: 4.50 )
CAJ' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 21.6
Current: 4.5

0
21.6
Yield on cost (5-Year) 2.13
CAJ's Yield on cost (5-Year) is ranked higher than
81% of the 1558 Companies
in the Global Business Equipment industry.

( Industry Median: 1.78 vs. CAJ: 2.13 )
CAJ' s 10-Year Yield on cost (5-Year) Range
Min: 1.14   Max: 5.36
Current: 2.13

1.14
5.36
Share Buyback Rate 2.40
CAJ's Share Buyback Rate is ranked higher than
91% of the 1270 Companies
in the Global Business Equipment industry.

( Industry Median: -0.40 vs. CAJ: 2.40 )
CAJ' s 10-Year Share Buyback Rate Range
Min: 2.5   Max: -0.8
Current: 2.4

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 17.10
CAJ's Price/Net Current Asset Value is ranked lower than
56% of the 512 Companies
in the Global Business Equipment industry.

( Industry Median: 7.92 vs. CAJ: 17.10 )
CAJ' s 10-Year Price/Net Current Asset Value Range
Min: 15.45   Max: 3138.37
Current: 17.1

15.45
3138.37
Price/Tangible Book 1.40
CAJ's Price/Tangible Book is ranked higher than
67% of the 1787 Companies
in the Global Business Equipment industry.

( Industry Median: 1.89 vs. CAJ: 1.40 )
CAJ' s 10-Year Price/Tangible Book Range
Min: 1.25   Max: 3.69
Current: 1.4

1.25
3.69
Price/DCF (Projected) 0.70
CAJ's Price/DCF (Projected) is ranked higher than
81% of the 1148 Companies
in the Global Business Equipment industry.

( Industry Median: 1.23 vs. CAJ: 0.70 )
CAJ' s 10-Year Price/DCF (Projected) Range
Min: 0.61   Max: 10.28
Current: 0.7

0.61
10.28
Price/Median PS Value 0.80
CAJ's Price/Median PS Value is ranked higher than
91% of the 2051 Companies
in the Global Business Equipment industry.

( Industry Median: 1.19 vs. CAJ: 0.80 )
CAJ' s 10-Year Price/Median PS Value Range
Min: 0.63   Max: 1.62
Current: 0.8

0.63
1.62
Price/Graham Number 1.00
CAJ's Price/Graham Number is ranked higher than
74% of the 1499 Companies
in the Global Business Equipment industry.

( Industry Median: 1.44 vs. CAJ: 1.00 )
CAJ' s 10-Year Price/Graham Number Range
Min: 0.83   Max: 2.61
Current: 1

0.83
2.61
Earnings Yield (Greenblatt) 12.20
CAJ's Earnings Yield (Greenblatt) is ranked higher than
88% of the 1860 Companies
in the Global Business Equipment industry.

( Industry Median: 6.70 vs. CAJ: 12.20 )
CAJ' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.9   Max: 23.1
Current: 12.2

3.9
23.1
Forward Rate of Return (Yacktman) 8.45
CAJ's Forward Rate of Return (Yacktman) is ranked higher than
77% of the 1504 Companies
in the Global Business Equipment industry.

( Industry Median: 5.17 vs. CAJ: 8.45 )
CAJ' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7.1   Max: 39
Current: 8.45

-7.1
39

Business Description

Industry: Industrial Products » Business Equipment
Compare:XRX, RICOY, KNCAY, BRTHY, PBI » details
Traded in other countries:CAJFF.USA, 7751.Japan, 7751.Japan, CNN1.Germany, CNNA.Germany
Canon, Inc., was incorporated under the laws of Japan on August 10, 1937. The Company manufactures office multifunction devices (MFDs'), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. It operates in three business segments: Office Business, Imaging System Business, and Industry and Other Business. The Office Business Unit segment manufactures, markets and services MFDs, office copying machines and personal-use copying machines. It also delivers value added to customers through software, service and solutions. The Imaging System Business Unit segment manufactures and markets digital cameras and digital video camcorders, as well as lenses and related accessories. The Company sells its products mainly through subsidiaries organized under regional marketing subsidiaries. In Japan and overseas, product service is provided in part by independent retail outlets and designated service centers that receive technical training assistance from the Company. The Company also services its products directly. It competes with some of the major multinational corporations to smaller, highly specialized companies.
» More Articles for NYSE:CAJ

Headlines

Articles On GuruFocus.com
A Good Stock to Buy: Micron Technologies Sep 16 2014 
8 Companies With Strong And Reliable Dividends Sep 03 2014 
Veeco May Illuminate Your Portfolio Aug 19 2014 
These 10 Stocks Are Likely To Outperform Jun 17 2014 
Tweedy Browne First Quarter 2014 Letter to Investors May 05 2014 
Xerox Embarked on a Series of Acquisitions Mar 31 2014 
Should You Stay Away from Canon? Mar 25 2014 
Guru Stocks at 52-Week Lows: CHL, TGT, KMP, CAJ, FMX Feb 17 2014 
Guru Stocks at 52-Week Lows: CHL, T, CAJ, CVE, KYO Feb 11 2014 
David Herro and Bill Nygren Comment on Canon Jan 13 2014 

More From Other Websites
Canon Cinema EOS Captures Space in 4K for New IMAX® 3D Film Sep 22 2014
Canon U.S.A. Distribution Center in Greater Atlanta Earns New LEED® v4 Certification Sep 18 2014
Canon U.S.A.’s Clean Earth Crew Beautifies Lakeland County Park in Islandia Sep 18 2014
Canon U.S.A. Introduces Ten New Feature-Packed Megapixel Network Cameras Sep 18 2014
Canon U.S.A. to Showcase Eyecare Lineup at Vision Expo West Sep 17 2014
Canon PIXMA PRO City Senses Gallery Brings the Printed Image to Life in Three New Metropolitan... Sep 17 2014
Canon to Exhibit Document Scanners at 2014 OnBase Training & Technology Conference Sep 16 2014
Fuel Your Creative Passion with the Highly Anticipated Canon EOS 7D Mark II Digital SLR Camera Sep 15 2014
Canon U.S.A. Celebrates 75 Years of Optics Heritage with the Addition of Three New Lenses Sep 15 2014
Three New High-End, Advanced PowerShot Models from Canon U.S.A. Empower Photographers to Create... Sep 15 2014
Canon Solutions America Delivers Inkjet Design Guide Sep 11 2014
Canon Announces imageFORMULA DR-M1060 Office Document Scanner Sep 10 2014
Free Canon Firmware Upgrade for DP-V3010 30-Inch 4K Professional Display Enables Confirmation of... Sep 04 2014
Free Canon Firmware for Cinema EOS System Cameras Delivers Improved Basic Performance, Including... Sep 04 2014
IMS Expands its Digital Fleet with Canon Solutions America Sep 04 2014
Why HP expects 3D printing to drive its growth Sep 03 2014
Canon U.S.A. Delivers Trusted Production Technology in Compact, Scalable Devices with New imagePRESS... Sep 03 2014
Canon Celebrates the 80th Anniversary of the Company’s First Camera – the Kwanon Sep 02 2014
Japan's Troublesome IP, Inflation Data; SoftBank's Soft Rally Aug 29 2014
Canon Inc. -- Moody's affirms Canon's Aa1 rating; outlook stable Aug 29 2014

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK