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 1 308,232 302,986 402,944 469,111 634,356 633,854 - -
Change - -1.7% 32.99% 16.42% 35.23% -0.08% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 910,209 885,028 854,428
Change - 14.66% 15.86% 11.74% 22.48% 6.11% -2.77% -3.46%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10.7x 8.78x 7.73x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.86x 0.8x 0.75x
PEG - -0.5x 0x -0.6x 0x 0.6x 0.4x 0.6x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.49x 0.46x 0.45x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.7x 0.64x 0.6x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.4x 4.58x 4.05x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.82x 7.58x 6.47x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 31.7x 17.8x 14.1x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 3.15% 5.62% 7.08%
Dividend per Share 2 55 35 58 58 77 89.63 108.6 125.7
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 3.72% 4.5% 5.21%
EPS 2 112 35.8 140.9 37.51 191.6 224.6 274.7 311.8
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 39.9% 39.5% 40.3%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,302,179 1,372,440 1,421,011
EBITDA 1 116,893 90,336 143,049 94,354 161,253 168,591 193,113 211,079
EBIT 1 49,200 15,000 64,500 11,186 82,584 92,734 116,724 131,962
Net income 1 29,500 9,400 37,000 9,865 50,379 57,551 72,160 81,606
Net Debt 1 163,552 237,956 223,805 231,209 223,409 276,355 251,174 220,574
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,411.50 2,411.50 2,411.50
Nbr of stocks (in thousands) 262,996 263,009 263,018 263,028 262,837 262,846 - -
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.($)
10.74x0.7x5.4x3.72% 3.99B
15.28x1.14x6.02x3.08% 33.84B
13.93x1.02x5.68x3.93% 26.91B
9.42x1.24x6x3.19% 7.43B
10.37x1.04x6.11x2.74% 6.48B
9.82x - - 3.1% 6.44B
17.82x - - 3.14% 4.86B
8.44x0.86x4.05x3.72% 3.66B
131.72x - - - 2.56B
34.16x1.83x10.38x1.99% 2.4B
Average 26.17x 1.12x 6.23x 3.18% 9.86B
Weighted average by Cap. 16.97x 1.09x 5.92x 3.33%

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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