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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 : 8/10

vs
industry
vs
history
Cash to Debt 399.85
CAJ's Cash to Debt is ranked higher than
92% of the 2458 Companies
in the Global Business Equipment industry.

( Industry Median: 0.73 vs. CAJ: 399.85 )
CAJ' s 10-Year Cash to Debt Range
Min: 0.74   Max: 9999
Current: 399.85

0.74
9999
Equity to Asset 0.67
CAJ's Equity to Asset is ranked higher than
83% of the 2423 Companies
in the Global Business Equipment industry.

( Industry Median: 0.49 vs. CAJ: 0.67 )
CAJ' s 10-Year Equity to Asset Range
Min: 0.35   Max: 0.72
Current: 0.67

0.35
0.72
Interest Coverage 726.98
CAJ's Interest Coverage is ranked higher than
76% of the 1414 Companies
in the Global Business Equipment industry.

( Industry Median: 35.86 vs. CAJ: 726.98 )
CAJ' s 10-Year Interest Coverage Range
Min: 6.53   Max: 726.98
Current: 726.98

6.53
726.98
F-Score: 6
Z-Score: 4.59
M-Score: -2.98
WACC vs ROIC
9.93%
11.50%
WACC
ROIC
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 : 7/10

vs
industry
vs
history
Operating margin (%) 9.34
CAJ's Operating margin (%) is ranked higher than
80% of the 2463 Companies
in the Global Business Equipment industry.

( Industry Median: 6.25 vs. CAJ: 9.34 )
CAJ' s 10-Year Operating margin (%) Range
Min: 6.71   Max: 17.01
Current: 9.34

6.71
17.01
Net-margin (%) 6.49
CAJ's Net-margin (%) is ranked higher than
77% of the 2463 Companies
in the Global Business Equipment industry.

( Industry Median: 4.44 vs. CAJ: 6.49 )
CAJ' s 10-Year Net-margin (%) Range
Min: 2.68   Max: 10.95
Current: 6.49

2.68
10.95
ROE (%) 8.38
CAJ's ROE (%) is ranked higher than
73% of the 2430 Companies
in the Global Business Equipment industry.

( Industry Median: 7.84 vs. CAJ: 8.38 )
CAJ' s 10-Year ROE (%) Range
Min: 4.92   Max: 16.92
Current: 8.38

4.92
16.92
ROA (%) 5.72
CAJ's ROA (%) is ranked higher than
80% of the 2479 Companies
in the Global Business Equipment industry.

( Industry Median: 3.67 vs. CAJ: 5.72 )
CAJ' s 10-Year ROA (%) Range
Min: 2.67   Max: 10.83
Current: 5.72

2.67
10.83
ROC (Joel Greenblatt) (%) 19.08
CAJ's ROC (Joel Greenblatt) (%) is ranked higher than
81% of the 2473 Companies
in the Global Business Equipment industry.

( Industry Median: 12.33 vs. CAJ: 19.08 )
CAJ' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 12.43   Max: 44.58
Current: 19.08

12.43
44.58
Revenue Growth (3Y)(%) 4.60
CAJ's Revenue Growth (3Y)(%) is ranked higher than
72% of the 2103 Companies
in the Global Business Equipment industry.

( Industry Median: 3.00 vs. CAJ: 4.60 )
CAJ' s 10-Year Revenue Growth (3Y)(%) Range
Min: -5.9   Max: 10
Current: 4.6

-5.9
10
EBITDA Growth (3Y)(%) 3.60
CAJ's EBITDA Growth (3Y)(%) is ranked higher than
71% of the 1844 Companies
in the Global Business Equipment industry.

( Industry Median: 2.30 vs. CAJ: 3.60 )
CAJ' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -16.2   Max: 18.7
Current: 3.6

-16.2
18.7
EPS Growth (3Y)(%) 3.90
CAJ's EPS Growth (3Y)(%) is ranked higher than
71% of the 1711 Companies
in the Global Business Equipment industry.

( Industry Median: 2.60 vs. CAJ: 3.90 )
CAJ' s 10-Year EPS Growth (3Y)(%) Range
Min: -32.2   Max: 39.4
Current: 3.9

-32.2
39.4
» CAJ's 10-Y Financials

Financials


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

» Details

Guru Trades

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 (-50.00%)
Jim Simons 170,599 sh (-51.78%)
» More
Q3 2014

CAJ Guru Trades in Q3 2014

Jim Simons 371,200 sh (+117.59%)
Manning & Napier Advisors, Inc 171,491 sh (+21.55%)
John Hussman 7,000 sh (unchged)
David Dreman 191,941 sh (-0.74%)
Charles Brandes 3,281,238 sh (-2.31%)
» More
Q4 2014

CAJ Guru Trades in Q4 2014

Jim Simons 502,400 sh (+35.34%)
Manning & Napier Advisors, Inc 176,688 sh (+3.03%)
John Hussman Sold Out
Charles Brandes 3,129,585 sh (-4.62%)
David Dreman 154,276 sh (-19.62%)
» More
Q1 2015

CAJ Guru Trades in Q1 2015

Manning & Napier Advisors, Inc 173,486 sh (-1.81%)
» 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%)

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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

Ratios

vs
industry
vs
history
P/E(ttm) 19.70
CAJ's P/E(ttm) is ranked higher than
76% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 28.60 vs. CAJ: 19.70 )
CAJ' s 10-Year P/E(ttm) Range
Min: 7.8   Max: 55.64
Current: 19.7

7.8
55.64
Forward P/E 17.39
CAJ's Forward P/E is ranked higher than
82% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 17.39 )
N/A
PE(NRI) 19.60
CAJ's PE(NRI) is ranked higher than
77% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 28.40 vs. CAJ: 19.60 )
CAJ' s 10-Year PE(NRI) Range
Min: 7.8   Max: 55.64
Current: 19.6

7.8
55.64
P/B 1.70
CAJ's P/B is ranked higher than
68% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 2.20 vs. CAJ: 1.70 )
CAJ' s 10-Year P/B Range
Min: 1.02   Max: 3.23
Current: 1.7

1.02
3.23
P/S 1.30
CAJ's P/S is ranked higher than
55% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 1.20 vs. CAJ: 1.30 )
CAJ' s 10-Year P/S Range
Min: 0.71   Max: 2.23
Current: 1.3

0.71
2.23
PFCF 11.60
CAJ's PFCF is ranked higher than
89% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 108.39 vs. CAJ: 11.60 )
CAJ' s 10-Year PFCF Range
Min: 7.43   Max: 58.8
Current: 11.6

7.43
58.8
POCF 6.93
CAJ's POCF is ranked higher than
88% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 19.72 vs. CAJ: 6.93 )
CAJ' s 10-Year POCF Range
Min: 4.67   Max: 12.85
Current: 6.93

4.67
12.85
EV-to-EBIT 11.78
CAJ's EV-to-EBIT is ranked higher than
84% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 19.91 vs. CAJ: 11.78 )
CAJ' s 10-Year EV-to-EBIT Range
Min: 4.3   Max: 25.4
Current: 11.78

4.3
25.4
PEG 4.67
CAJ's PEG is ranked higher than
85% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 4.67 )
CAJ' s 10-Year PEG Range
Min: 0.21   Max: 30.87
Current: 4.67

0.21
30.87
Shiller P/E 21.70
CAJ's Shiller P/E is ranked higher than
91% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 21.70 )
CAJ' s 10-Year Shiller P/E Range
Min: 6.97   Max: 28.68
Current: 21.7

6.97
28.68
Current Ratio 2.60
CAJ's Current Ratio is ranked higher than
82% of the 2452 Companies
in the Global Business Equipment industry.

( Industry Median: 1.79 vs. CAJ: 2.60 )
CAJ' s 10-Year Current Ratio Range
Min: 1.46   Max: 2.72
Current: 2.6

1.46
2.72
Quick Ratio 1.95
CAJ's Quick Ratio is ranked higher than
83% of the 2452 Companies
in the Global Business Equipment industry.

( Industry Median: 1.25 vs. CAJ: 1.95 )
CAJ' s 10-Year Quick Ratio Range
Min: 1.02   Max: 2.1
Current: 1.95

1.02
2.1
Days Inventory 108.36
CAJ's Days Inventory is ranked higher than
67% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 108.23 vs. CAJ: 108.36 )
CAJ' s 10-Year Days Inventory Range
Min: 71.91   Max: 146
Current: 108.36

71.91
146
Days Sales Outstanding 52.72
CAJ's Days Sales Outstanding is ranked higher than
87% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 89.55 vs. CAJ: 52.72 )
CAJ' s 10-Year Days Sales Outstanding Range
Min: 51.85   Max: 67.02
Current: 52.72

51.85
67.02

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.50
CAJ's Dividend Yield is ranked higher than
89% of the 1835 Companies
in the Global Business Equipment industry.

( Industry Median: 1.73 vs. CAJ: 3.50 )
CAJ' s 10-Year Dividend Yield Range
Min: 1.36   Max: 5.02
Current: 3.5

1.36
5.02
Dividend Payout 0.65
CAJ's Dividend Payout is ranked higher than
76% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 0.71 vs. CAJ: 0.65 )
CAJ' s 10-Year Dividend Payout Range
Min: 0.25   Max: 5.87
Current: 0.65

0.25
5.87
Dividend growth (3y) 7.70
CAJ's Dividend growth (3y) is ranked higher than
75% of the 1156 Companies
in the Global Business Equipment industry.

( Industry Median: 6.30 vs. CAJ: 7.70 )
CAJ' s 10-Year Dividend growth (3y) Range
Min: 1.3   Max: 49.4
Current: 7.7

1.3
49.4
Yield on cost (5-Year) 4.62
CAJ's Yield on cost (5-Year) is ranked higher than
90% of the 1865 Companies
in the Global Business Equipment industry.

( Industry Median: 1.95 vs. CAJ: 4.62 )
CAJ' s 10-Year Yield on cost (5-Year) Range
Min: 1.79   Max: 6.62
Current: 4.62

1.79
6.62
Share Buyback Rate 2.90
CAJ's Share Buyback Rate is ranked higher than
95% of the 1487 Companies
in the Global Business Equipment industry.

( Industry Median: -0.70 vs. CAJ: 2.90 )
CAJ' s 10-Year Share Buyback Rate Range
Min: 2.9   Max: -0.8
Current: 2.9

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 5.64
CAJ's Price/Net Current Asset Value is ranked higher than
80% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 0.00 vs. CAJ: 5.64 )
CAJ' s 10-Year Price/Net Current Asset Value Range
Min: 3.95   Max: 32.63
Current: 5.64

3.95
32.63
Price/Tangible Book 1.76
CAJ's Price/Tangible Book is ranked higher than
71% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 3.10 vs. CAJ: 1.76 )
CAJ' s 10-Year Price/Tangible Book Range
Min: 1.25   Max: 3.69
Current: 1.76

1.25
3.69
Price/DCF (Projected) 0.88
CAJ's Price/DCF (Projected) is ranked higher than
88% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 7.40 vs. CAJ: 0.88 )
CAJ' s 10-Year Price/DCF (Projected) Range
Min: 0.61   Max: 10.28
Current: 0.88

0.61
10.28
Price/Median PS Value 0.97
CAJ's Price/Median PS Value is ranked higher than
87% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 1.30 vs. CAJ: 0.97 )
CAJ' s 10-Year Price/Median PS Value Range
Min: 0.64   Max: 1.67
Current: 0.97

0.64
1.67
Price/Graham Number 1.22
CAJ's Price/Graham Number is ranked higher than
78% of the 2680 Companies
in the Global Business Equipment industry.

( Industry Median: 3.00 vs. CAJ: 1.22 )
CAJ' s 10-Year Price/Graham Number Range
Min: 0.83   Max: 2.62
Current: 1.22

0.83
2.62
Earnings Yield (Greenblatt) 8.50
CAJ's Earnings Yield (Greenblatt) is ranked higher than
82% of the 2440 Companies
in the Global Business Equipment industry.

( Industry Median: 5.70 vs. CAJ: 8.50 )
CAJ' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.9   Max: 23.1
Current: 8.5

3.9
23.1
Forward Rate of Return (Yacktman) 3.57
CAJ's Forward Rate of Return (Yacktman) is ranked higher than
69% of the 1251 Companies
in the Global Business Equipment industry.

( Industry Median: 6.23 vs. CAJ: 3.57 )
CAJ' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -5.5   Max: 75.5
Current: 3.57

-5.5
75.5

Business Description

Industry: Industrial Products » Business Equipment
Compare:XRX, RICOY, KNCAY, BRTHY, PBI » details
Traded in other countries:CAJFF.USA, 7751.Japan, CNN1.Germany, CNNA.Germany, CAJN.Mexico, 7751.Japan, 7751.Japan, CAI.Switzerland,
Canon Inc was incorporated under the laws of Japan on August 10, 1937. The Company is a manufacturer of office multifunction devices (MFD), plain paper copying machines, laser multifunction 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 services 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 others multinational corporations to smaller, specialized companies. It is subject to laws, regulations and industry standards relating to energy and resource conservation, recycling, global warming, pollution prevention, pollution remediation and environmental health and safety.
» More Articles for CAJ

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