Shimadzu Corp (SHMXY) AI Stock Analysis
SHMXY AI stock analysis summary
AI ResearchShimadzu Corp (SHMXY) provides analytical, medical, industrial, and aircraft equipment solutions globally. The company delivered a 4-year revenue compound annual growth rate of 7.0%, reaching $560.73B in revenue and $60.50B in net income in FY2026. Its shares closed at $13.23 with a trailing price-to-earnings ratio of 17.9x and an enterprise value of $6.30B.
- Market cap
- $7.65B
- Revenue (TTM)
- $572.95B
- P/E
- 17.9x
- 1Y return
- -10.9% S&P 500 16.8%
- Avg. target
- —
Bull case
- Gross margin expanded steadily from 41.7% in FY2022 to 44.6% in FY2026.
- The balance sheet maintains solid liquidity with $167.32B in cash and short-term investments and a current ratio of 3.31 as of March 31, 2026.
- Valuation multiples remain discounted relative to peers, with a trailing P/E of 17.9x compared to the 28.1x median of its US-listed Technology peers.
Bear case
- Annual revenue growth decelerated from 12.6% in FY2023 to 4.0% in FY2026.
- Operating margin decreased from 14.9% in FY2022 to 13.1% in FY2026.
- Shareholder returns have lagged, with the stock declining 20.3% year-to-date and 10.9% over the past year.
What Shimadzu does
Shimadzu Corporation provides equipment solutions across Japan, the United States, Europe, China, the rest of Asia, and internationally. The company operates through four segments: Measuring Equipment, Medical Equipment, Industrial Equipment, and Aircraft Equipment Business. Its offerings include analytical and measuring instruments such as chromatography systems, mass spectrometry, spectroscopy, testing equipment, and life science lab tools. It also supplies medical systems, including angiography, radiography, and mobile X-ray devices, alongside optical devices such as mirrors and gratings. Additionally, Shimadzu provides vacuum and industrial machinery, turbo molecular pumps, dynamic balancing machines, and related components.
Growth and profitability
Shimadzu generated a 4-year revenue compound annual growth rate of 7.0% from FY2022 to FY2026. Annual revenue expanded from $428.18B in FY2022 to $482.24B in FY2023, $511.89B in FY2024, $539.05B in FY2025, and $560.73B in FY2026. Over this period, gross margin widened from 41.7% in FY2022 to 44.6% in FY2026, while operating margin adjusted from 14.9% to 13.1%. Net income grew from $47.29B in FY2022 to $60.50B in FY2026, reflecting a net margin of 10.8%. In the trailing twelve months, revenue reached $572.95B. For the quarter ended March 31, 2024, quarterly revenue increased 10.3% year-over-year and quarterly earnings grew 68.3%.
Balance sheet and cash flow
As of March 31, 2026, Shimadzu held $167.32B in cash and short-term investments, with total assets of $737.98B and shareholders' equity of $565.15B. The company maintained a current ratio of 3.31. In FY2026, operating cash flow stood at $54.68B and free cash flow reached $39.74B. Capital allocation for the year included $14.94B in capital expenditures and $19.35B in dividends paid.
Valuation and performance
At a share price of $13.23, Shimadzu holds a market capitalization of $7.65B and an enterprise value of $6.30B. The stock trades at a trailing price-to-earnings ratio of 17.9x and an enterprise value-to-EBITDA ratio of 9.7x. Both multiples trade below the median of its US-listed Technology peers, which sit at 28.1x and 16.6x, respectively. The stock also trades at an enterprise value-to-revenue multiple of 1.8x and a price-to-book ratio of 1.8x. Over the past year, the stock fell 10.9%, trailing the S&P 500 benchmark return of 16.8%.
SHMXY dividend
Shimadzu pays a semiannual dividend with an annualized forward payout of $0.22 per share, representing a dividend yield of 1.63%. The company holds a payout ratio of 29.0% and has paid dividends for 2 consecutive years. Its most recent ex-dividend date was March 31, 2026.
What analysts expect
Consensus estimates project Shimadzu will generate revenue of $615.07B for the fiscal year ending March 31, 2027. For the subsequent fiscal year, analysts forecast revenue of $658.82B, representing estimated revenue growth of 7.1%. In the trailing twelve months, the company posted diluted earnings per share of $0.74, while quarterly earnings growth reached 68.3% year-over-year in the quarter ended March 31, 2024.
Key risks and what to watch
- Top-line expansion has slowed over recent years, dropping to a 4.0% growth rate in FY2026 from 6.1% in FY2024 and 12.6% in FY2023.
- The stock has underperformed broader market benchmarks, falling 10.9% over one year while the S&P 500 gained 16.8%.
- Free cash flow has demonstrated historical volatility, dropping from $53.24B in FY2022 to $14.62B in FY2024 before rebounding to $39.74B in FY2026.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this SHMXY AI stock analysis
This page is an AI-written research summary of Shimadzu Corp (SHMXY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: SHMXY income statement, SHMXY balance sheet, SHMXY key metrics, SHMXY analyst forecast, SHMXY chart. See the SHMXY stock overview for the latest quote and news.
SHMXY AI stock analysis FAQ
What is Shimadzu Corp's dividend yield?
Shimadzu offers an annualized forward dividend of $0.22 per share, which equates to a dividend yield of 1.63%. The company maintains a payout ratio of 29.0% and distributes dividends semiannually.
How did Shimadzu perform in FY2026?
In FY2026, Shimadzu generated $560.73B in revenue, up 4.0% year-over-year, and net income of $60.50B. The company recorded $54.68B in operating cash flow and $39.74B in free cash flow.
How is Shimadzu valued compared to its peers?
Shimadzu trades at a trailing P/E ratio of 17.9x and an EV/EBITDA of 9.7x. Both multiples are lower than the median of its US-listed Technology peers, which are 28.1x and 16.6x, respectively.
What is Shimadzu's cash and liquidity position?
As of March 31, 2026, Shimadzu held $167.32B in cash and short-term investments, supported by total assets of $737.98B, shareholders' equity of $565.15B, and a current ratio of 3.31.