Company Valuation: Sumitomo Rubber Industries, Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 308,232 302,986 402,944 469,111 634,356 582,970 - -
Change - -1.7% 32.99% 16.42% 35.23% -8.1% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 861,734 837,448 806,972
Change - 14.66% 15.86% 11.74% 22.48% 0.46% -2.82% -3.64%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10.2x 8.16x 7.18x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.78x 0.74x 0.69x
PEG - -0.5x 0x -0.6x 0x 0.8x 0.3x 0.5x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.44x 0.43x 0.41x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.66x 0.61x 0.57x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.16x 4.36x 3.84x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.07x 7.24x 6.15x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 30x 16.8x 13.3x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 3.33% 5.94% 7.5%
Dividend per Share 2 55 35 58 58 77 88.55 107.6 124.6
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 3.99% 4.85% 5.62%
EPS 2 112 35.8 140.9 37.51 191.6 217.1 271.8 309.1
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.8% 39.6% 40.3%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,311,425 1,364,929 1,419,283
EBITDA 1 116,893 90,336 143,049 94,354 161,253 166,932 192,013 210,302
EBIT 1 49,200 15,000 64,500 11,186 82,584 95,003 115,724 131,212
Net income 1 29,500 9,400 37,000 9,865 50,379 57,082 71,399 80,879
Net Debt 1 163,552 237,956 223,805 231,209 223,409 278,764 254,478 224,002
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,218.00 2,218.00 2,218.00
Nbr of stocks (in thousands) 262,996 263,009 263,018 263,028 262,837 262,836 - -
Announcement Date 9/2/22 14/2/23 14/2/24 13/2/25 12/2/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.06x0.65x5.11x4.05% 3.64B
13.93x1.04x5.6x3.41% 30.79B
14.05x1.02x5.72x3.92% 27.02B
9.56x1.22x5.96x3% 7.36B
9.78x - - 3.11% 6.41B
10.2x1.03x6.02x2.78% 6.38B
16.67x - - 3.51% 4.34B
9.24x0.93x4.26x3.44% 4.03B
34.41x1.84x10.44x1.98% 2.41B
-6.58x0.41x4.86x-.--% 2.06B
Average 12.13x 1.02x 6.00x 2.92% 9.44B
Weighted average by Cap. 12.94x 1.03x 5.74x 3.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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