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 1 308,232 302,986 402,944 469,111 634,356 599,266 - -
Change - -1.7% 32.99% 16.42% 35.23% -5.53% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 878,030 853,744 823,268
Change - 14.66% 15.86% 11.74% 22.48% 2.36% -2.77% -3.57%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10.5x 8.39x 7.38x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.8x 0.76x 0.71x
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 0.46x 0.44x 0.42x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.67x 0.63x 0.58x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.26x 4.45x 3.91x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.24x 7.38x 6.27x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 30.6x 17.2x 13.6x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 3.27% 5.83% 7.35%
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% 3.88% 4.72% 5.47%
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 2,280.00 2,280.00 2,280.00
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.($)
10.5x0.67x5.26x3.88% 3.76B
14.23x1.06x5.72x3.34% 31.09B
14.19x1.03x5.77x3.88% 27.26B
9.97x1.26x6.14x2.88% 7.59B
10.54x1.07x6.24x2.68% 6.61B
9.83x - - 3.1% 6.44B
16.08x - - 3.64% 4.18B
9.58x0.97x4.44x3.32% 4.14B
34.57x1.84x10.48x1.97% 2.42B
-17.29x0.41x4.81x-.--% 1.99B
Average 11.22x 1.04x 6.11x 2.87% 9.55B
Weighted average by Cap. 12.92x 1.06x 5.85x 3.32%

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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