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36.21 (1y: -12%)
Market Cap 42.93 B P/E(ttm) 21.20
Enterprise Value 36.85 B P/B 1.65
CAJ- NYSE (USA)
Canon, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$36.21
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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 174.492
CAJ's Cash to Debt is ranked higher than
79% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 1.83 vs. CAJ: 174.492 )
CAJ' s 10-Year Cash to Debt Range
Min: 1.06   Max: 174.49
Current: 174.49
1.06
174.49
Equity to Asset 0.622
CAJ's Equity to Asset is ranked higher than
63% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.54 vs. CAJ: 0.622 )
CAJ' s 10-Year Equity to Asset Range
Min: 0.46   Max: 0.67
Current: 0.62
0.46
0.67
Interest Coverage No Debt
CAJ's Interest Coverage is ranked higher than
99% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 13.30 vs. CAJ: No Debt )
CAJ' s 10-Year Interest Coverage Range
Min: 17   Max: No Debt
Current: No Debt
F-Score: 6
Z-Score: 4.65
M-Score: -2.55
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 : 6/10

vs
industry		 vs
history
Operating margin (%) 9.30
CAJ's Operating margin (%) is ranked higher than
69% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 5.80 vs. CAJ: 9.30 )
CAJ' s 10-Year Operating margin (%) Range
Min: 6.7   Max: 17
Current: 9.3
6.7
17
Net-margin (%) 6.5
CAJ's Net-margin (%) is ranked higher than
66% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 3.90 vs. CAJ: 6.5 )
CAJ' s 10-Year Net-margin (%) Range
Min: 2.7   Max: 11
Current: 6.5
2.7
11
ROE (%) 8.6
CAJ's ROE (%) is ranked higher than
67% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 5.70 vs. CAJ: 8.6 )
CAJ' s 10-Year ROE (%) Range
Min: 4.9   Max: 16.7
Current: 8.6
4.9
16.7
ROA (%) 5.7
CAJ's ROA (%) is ranked higher than
72% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 3.20 vs. CAJ: 5.7 )
CAJ' s 10-Year ROA (%) Range
Min: 2.7   Max: 10.8
Current: 5.7
2.7
10.8
ROC (Joel Greenblatt) (%) 17.90
CAJ's ROC (Joel Greenblatt) (%) is ranked higher than
65% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 11.20 vs. CAJ: 17.90 )
CAJ' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 12.8   Max: 42.8
Current: 17.9
12.8
42.8
Revenue Growth (%) 3.3
CAJ's Revenue Growth (%) is ranked higher than
66% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 3.3 )
CAJ' s 10-Year Revenue Growth (%) Range
Min: -4.4   Max: 7.4
Current: 3.3
-4.4
7.4
EBITDA Growth (%) 3.5
CAJ's EBITDA Growth (%) is ranked higher than
77% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 3.5 )
CAJ' s 10-Year EBITDA Growth (%) Range
Min: -12.2   Max: 14
Current: 3.5
-12.2
14
EPS Growth (%) 15.7
CAJ's EPS Growth (%) is ranked higher than
89% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 15.7 )
CAJ' s 10-Year EPS Growth (%) Range
Min: -25.2   Max: 28.3
Current: 15.7
-25.2
28.3
» CAJ's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

CAJ Guru Trades in Q2 2012

Manning & Napier Advisors, Inc 125,668 sh (+144.02%)
Steven Cohen 9,965 sh (+43.32%)
Ron Baron 19,000 sh (unchged)
Tweedy Browne 15,585 sh (unchged)
Pioneer Investments Sold Out
Jim Simons 647,832 sh (-1.9%)
Charles Brandes 2,058,170 sh (-5.74%)
» More
Q3 2012

CAJ Guru Trades in Q3 2012

John Hussman 1,200 sh (New)
David Dreman 118,089 sh (New)
Jim Simons 871,300 sh (+34.49%)
Charles Brandes 2,589,237 sh (+25.8%)
Steven Cohen 12,384 sh (+24.27%)
Manning & Napier Advisors, Inc 143,092 sh (+13.87%)
Ron Baron 19,000 sh (unchged)
Tweedy Browne 8,230 sh (-47.19%)
» More
Q4 2012

CAJ Guru Trades in Q4 2012

John Hussman 2,400 sh (+100%)
David Dreman 147,591 sh (+24.98%)
Manning & Napier Advisors, Inc 145,397 sh (+1.61%)
Ron Baron 19,000 sh (unchged)
Tweedy Browne 8,230 sh (unchged)
Charles Brandes 2,457,830 sh (-5.08%)
Steven Cohen 6,900 sh (-44.28%)
Jim Simons 370,700 sh (-57.45%)
» More
Q1 2013

CAJ Guru Trades in Q1 2013

John Hussman 4,400 sh (+83.33%)
Jim Simons 501,900 sh (+35.39%)
Manning & Napier Advisors, Inc 165,980 sh (+14.16%)
Steven Cohen 7,716 sh (+11.83%)
Tweedy Browne 8,230 sh (unchged)
Ron Baron Sold Out
Charles Brandes 2,259,947 sh (-8.05%)
David Dreman 129,935 sh (-11.96%)
» More
» Details

Insider Trades

Latest Guru Trades with CAJ

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-03-31 Sold Out 0.01%$34.82 - $40.14 $ 36.21-1%0
John Hussman 2013-03-31 Add 83.33%$34.82 - $40.14 $ 36.21-1%4400
David Dreman 2012-12-31 Add 24.98%0.03%$29.96 - $40.75 $ 36.216%147591
John Hussman 2012-12-31 Add 100%$29.96 - $40.75 $ 36.216%2400
Charles Brandes 2012-09-30 Add 25.8%0.21%$31.6 - $40.22 $ 36.213%2589237
David Dreman 2012-09-30 New Buy0.09%$31.6 - $40.22 $ 36.213%118089
Tweedy Browne 2012-09-30 Reduce -47.19%0.01%$31.6 - $40.22 $ 36.213%8230
John Hussman 2012-09-30 New Buy$31.6 - $40.22 $ 36.213%1200
Tweedy Browne 2012-03-31 Reduce -39.06%0.02%$42.54 - $48.1 $ 36.21-13%15585
Charles Brandes 2011-09-30 Reduce -31.06%0.39%$42.75 - $49.82 $ 36.21-22%2548440
Tweedy Browne 2011-06-30 New Buy0.04%$42.22 - $47.98 $ 36.21-21%25575
Ron Baron 2010-03-31 Add 33.33%$38.87 - $46.55 $ 36.21-15%20000
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Canon, Inc.

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.

Tweedy, Browne’s Q3 Sells Highlight: Philip Morris International, Heineken and Canon
November 12, 2012
Tweedy Browne - Tweedy, Browne’s Q3 Sells Highlight: Philip Morris International, Heineken And Canon
Among the 10 third quarter transactions that mutual fund company Tweedy, Browne reported recently, 7 of them were shareholding reductions. Read more...
Bill Nygren Comments on Canon
October 8, 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. Read more...
Guru Stocks at 52-Week Lows: AAUKY, CAJ, F, ABX, LVS
July 30, 2012
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 21.20
CAJ's P/E(ttm) is ranked lower than
56% of the 1039 Companies
in the Global Business Equipment industry.

( Industry Median: 19.40 vs. CAJ: 21.20 )
CAJ' s 10-Year P/E(ttm) Range
Min: 7.9   Max: 54.25
Current: 21.2
7.9
54.25
P/B 1.65
CAJ's P/B is ranked lower than
62% of the 1249 Companies
in the Global Business Equipment industry.

( Industry Median: 1.26 vs. CAJ: 1.65 )
CAJ' s 10-Year P/B Range
Min: 1.02   Max: 3.83
Current: 1.65
1.02
3.83
P/S 1.24
CAJ's P/S is ranked lower than
64% of the 1266 Companies
in the Global Business Equipment industry.

( Industry Median: 0.85 vs. CAJ: 1.24 )
CAJ' s 10-Year P/S Range
Min: 0.71   Max: 2.23
Current: 1.24
0.71
2.23
PFCF 53.44
CAJ's PFCF is ranked lower than
84% of the 815 Companies
in the Global Business Equipment industry.

( Industry Median: 16.95 vs. CAJ: 53.44 )
CAJ' s 10-Year PFCF Range
Min: 7.43   Max: 58.8
Current: 53.44
7.43
58.8
EV-to-EBIT 12.43
CAJ's EV-to-EBIT is ranked higher than
54% of the 1047 Companies
in the Global Business Equipment industry.

( Industry Median: 13.47 vs. CAJ: 12.43 )
CAJ' s 10-Year EV-to-EBIT Range
Min: 4   Max: 110
Current: 12.43
4
110
Shiller P/E 15.24
CAJ's Shiller P/E is ranked lower than
100% of the Companies
in the Global Business Equipment industry.

( Industry Median: vs. CAJ: 15.24 )
CAJ' s 10-Year Shiller P/E Range
Min: 7   Max: 3641.51
Current: 15.24
7
3641.51

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 4.11
CAJ's Dividend Yield is ranked higher than
83% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 1.10 vs. CAJ: 4.11 )
CAJ' s 10-Year Dividend Yield Range
Min: 1.02   Max: 5.02
Current: 4.11
1.02
5.02
Dividend Payout 0.6
CAJ's Dividend Payout is ranked lower than
76% of the 715 Companies
in the Global Business Equipment industry.

( Industry Median: 0.35 vs. CAJ: 0.6 )
CAJ' s 10-Year Dividend Payout Range
Min: 0.16   Max: 1.03
Current: 0.6
0.16
1.03
Dividend growth (3y) -0.5
CAJ's Dividend growth (3y) is ranked lower than
92% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: -0.5 )
CAJ' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 15.8
Current: -0.5
0
15.8
Yield on cost (5-Year) 3.98
CAJ's Yield on cost (5-Year) is ranked higher than
79% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 1.10 vs. CAJ: 3.98 )
CAJ' s 10-Year Yield on cost (5-Year) Range
Min: 0.99   Max: 4.87
Current: 3.98
0.99
4.87
Share Buyback Rate 1.3
CAJ's Share Buyback Rate is ranked higher than
97% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 1.3 )
CAJ' s 10-Year Share Buyback Rate Range
Min: 1.9   Max: -0.3
Current: 1.3

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 6.1
CAJ's Price/Net Current Asset Value is ranked lower than
61% of the 1168 Companies
in the Global Business Equipment industry.

( Industry Median: 4.80 vs. CAJ: 6.1 )
CAJ' s 10-Year Price/Net Current Asset Value Range
Min: 5   Max: 10.6
Current: 6.1
5
10.6
Price/Tangible Book 1.7
CAJ's Price/Tangible Book is ranked lower than
58% of the 1191 Companies
in the Global Business Equipment industry.

( Industry Median: 1.40 vs. CAJ: 1.7 )
CAJ' s 10-Year Price/Tangible Book Range
Min: 1.4   Max: 3
Current: 1.7
1.4
3
Price/DCF (Projected) 0.9
CAJ's Price/DCF (Projected) is ranked higher than
72% of the 318 Companies
in the Global Business Equipment industry.

( Industry Median: 1.30 vs. CAJ: 0.9 )
CAJ' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 1.6
Current: 0.9
0.7
1.6
Price/Median PS Value 0.9
CAJ's Price/Median PS Value is ranked higher than
76% of the 1216 Companies
in the Global Business Equipment industry.

( Industry Median: 1.10 vs. CAJ: 0.9 )
CAJ' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.5
Current: 0.9
0.6
1.5
Price/Graham Number 1.2
CAJ's Price/Graham Number is ranked lower than
53% of the 987 Companies
in the Global Business Equipment industry.

( Industry Median: 1.20 vs. CAJ: 1.2 )
CAJ' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 1.8
Current: 1.2
0.8
1.8
Earnings Yield (Greenblatt) 8.00
CAJ's Earnings Yield (Greenblatt) is ranked higher than
62% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 6.00 vs. CAJ: 8.00 )
CAJ' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.9   Max: 25.2
Current: 8
0.9
25.2
Forward Rate of Return (Yacktman) 0.33
CAJ's Forward Rate of Return (Yacktman) is ranked higher than
77% of the 1273 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 0.33 )
CAJ' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -5.4   Max: 38.3
Current: 0.33
-5.4
38.3

Business Description

Canon, Inc. was incorporated under the laws of Japan on August 10, 1937 to produce and sell Japan's first focal plane shutter 35mm still camera, which was developed by its predecessor company, Precision Optical Research Laboratories, which was organized in 1933. The Company is a manufacturer of network digital multifunction devices (MFDs), plain paper copying machines, laser beam printers, inkjet printers, cameras and steppers. It sells its products mainly under the Canon brand name and through sales subsidiaries. Canon operates its business in three segments: the Office Business Unit, the Consumer Business Unit, and the Industry and Others Business Unit. It manufactures, markets and services a range of monochrome network digital MFDs, color network digital MFDs, office copying machines and personal-use copying machines. It offers color network digital MFDs for users ranging from professional graphic designers to business offices. The trend in the printing industry is gradually moving away from long run printing using expensive machinery to short run printing-on-demand and variable data printing. The Company's high-end network digital MFDs and color network digital MFDs are available in the print-on-demand market. The office imaging products category also includes the related sales of paper and chemicals, service and replacement parts. The Company's laser beam printers are relatively small in size and have high-quality printing capabilities attributable to the Company's expertise with the technologies of laser beam printing and plain paper copying. It provides high-performance and high value-added models both in multifunction inkjet printers and single function inkjet printers. In response to intense competition in the inkjet printer segment, it launched a new lineup of multifunction printers (MFP) and single function printers. It markets a variety of scanners for a spectrum of user needs, including image scanners in the CanoScan LiDE series using Contact Image Sensor (CIS) and scanners with Charge-Coupled Devices (CCD) for high resolution in the CanoScan series. CIS is a close-contact method that allows a significant reduction in scanner weight and size. With the movement toward digitization, the need to scan documents into text data or image data is expanding. The Company's document scanners rapidly and efficiently digitize large volumes of information on paper. It offers a range of scanner models, including color capable compact sheet-fed types and a flatbed model suitable for scanning book format documents. It also offers a hybrid model that could create microfilm records. The Company manufactures and markets digital cameras and film cameras. It also manufactures and markets digital video camcorders, lenses, compact photo printers, projectors and various camera accessories. Some of the competitors are: Fujifilm Co., Ltd., Olympus Corporation, Nikon Corporation, Casio Computer Co., Ltd., Panasonic Corporation, Sigma Corporatio
Company Website
Industry: Business Equipment
Compare:XRX, RICOY, KNCAY, BRTHY, PBI
Traded in other countries:CAJFF.USA, 7751.Japan, 7751.Japan, CNN1.Germany, CNNA.Germany
» More Articles for NYSE:CAJ

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Tweedy, Browne’s Q3 Sells Highlight: Philip Morris International, Heineken and Canon Nov 12 2012 
Bill Nygren Comments on Canon Oct 08 2012 
Oakmark Global Select Fund Letter to Shareholders Third Quarter Oct 08 2012 
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