Company Valuation: Subaru Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,690,194 1,493,979 1,621,784 2,592,189 1,933,586 1,836,380 - -
Change - -11.61% 8.55% 59.84% -25.41% -5.03% - -
Enterprise Value (EV) 1 1,116,751 701,746 1,072,755 1,943,689 1,391,626 1,396,649 1,414,791 1,375,018
Change - -37.16% 52.87% 81.19% -28.4% 0.36% 1.3% -2.81%
P/E ratio 22.1x 21.3x 8.09x 6.77x 5.77x 12.6x 7.79x 7.63x
PBR 0.95x 0.79x 0.77x 1.01x 0.71x 0.68x 0.65x 0.61x
PEG - -2.5x 0x 0.1x -0.6x -0.2x 0.1x 3.69x
Capitalization / Revenue 0.6x 0.54x 0.43x 0.55x 0.41x 0.39x 0.36x 0.35x
EV / Revenue 0.39x 0.26x 0.28x 0.41x 0.3x 0.29x 0.28x 0.26x
EV / EBITDA 3.62x 2.23x 2.11x 2.83x 2.18x 4.8x 3.45x 3.1x
EV / EBIT 10.9x 7.76x 4.01x 4.15x 3.43x 9.74x 4.84x 4.33x
EV / FCF 6.78x 7.43x 2.91x 3.35x 4.33x 6.35x 8.56x 6.85x
FCF Yield 14.7% 13.5% 34.4% 29.8% 23.1% 15.8% 11.7% 14.6%
Dividend per Share 2 56 56 76 106 115 119.1 128.9 133.9
Rate of return 2.54% 2.87% 3.59% 3.07% 4.35% 4.54% 4.91% 5.1%
EPS 2 99.77 91.28 261.3 509.2 458 207.5 337.1 344.1
Distribution rate 56.1% 61.3% 29.1% 20.8% 25.1% 57.4% 38.2% 38.9%
Net sales 1 2,830,210 2,744,520 3,774,468 4,702,947 4,685,763 4,765,938 5,064,680 5,237,700
EBITDA 1 308,785 314,507 507,289 685,978 637,849 290,795 409,513 443,480
EBIT 1 102,468 90,452 267,483 468,198 405,308 143,438 292,563 317,350
Net income 1 76,510 70,007 200,431 385,084 338,062 136,574 238,058 256,924
Net Debt 1 -573,443 -792,233 -549,029 -648,500 -541,960 -439,731 -421,589 -461,362
Reference price 2 2,204.00 1,948.00 2,114.50 3,448.00 2,645.00 2,624.50 2,624.50 2,624.50
Nbr of stocks (in thousands) 766,876 766,929 766,982 751,795 731,034 699,706 - -
Announcement Date 11/05/21 12/05/22 11/05/23 13/05/24 14/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.65x0.29x4.8x4.54% 11.51B
11.51x1.48x13.19x2.87% 275B
10.79x1.33x13.79x2.26% 80.47B
6.03x0.29x2.35x1.01% 65.44B
9.17x0.16x1.45x6.01% 59.66B
7.5x0.02x0.13x5% 56.48B
4.24x0.03x0.22x7.14% 51.77B
-482.63x0.25x3.58x5.16% 46.56B
22.69x2.12x14.51x0.99% 35.38B
57.27x0.55x9.38x5.19% 33.36B
Average -34.08x 0.65x 6.34x 4.02% 71.58B
Weighted average by Cap. -19.55x 0.91x 8.45x 3.56%

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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