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 1,873,640 - -
Change - -11.61% 8.55% 59.84% -25.41% -3.1% - -
Enterprise Value (EV) 1 1,116,751 701,746 1,072,755 1,943,689 1,391,626 1,378,085 1,473,455 1,181,609
Change - -37.16% 52.87% 81.19% -28.4% -0.97% 6.92% -19.81%
P/E ratio 22.1x 21.3x 8.09x 6.77x 5.77x 10.4x 8.79x 8.78x
PBR 0.95x 0.79x 0.77x 1.01x 0.71x 0.67x 0.66x 0.65x
PEG - -2.5x 0x 0.1x -0.6x -0.2x 0.5x 71.94x
Capitalization / Revenue 0.6x 0.54x 0.43x 0.55x 0.41x 0.41x 0.39x 0.38x
EV / Revenue 0.39x 0.26x 0.28x 0.41x 0.3x 0.3x 0.3x 0.24x
EV / EBITDA 3.62x 2.23x 2.11x 2.83x 2.18x 5.28x 3.75x 2.9x
EV / EBIT 10.9x 7.76x 4.01x 4.15x 3.43x 5.79x 5.68x 4.31x
EV / FCF 6.78x 7.43x 2.91x 3.35x 4.33x 6.63x 6.55x 3.82x
FCF Yield 14.7% 13.5% 34.4% 29.8% 23.1% 15.1% 15.3% 26.2%
Dividend per Share 2 56 56 76 106 115 117 121.6 125.6
Rate of return 2.54% 2.87% 3.59% 3.07% 4.35% 4.56% 4.75% 4.9%
EPS 2 99.77 91.28 261.3 509.2 458 246.7 291.6 292
Distribution rate 56.1% 61.3% 29.1% 20.8% 25.1% 47.4% 41.7% 43%
Net sales 1 2,830,210 2,744,520 3,774,468 4,702,947 4,685,763 4,531,318 4,842,971 4,946,493
EBITDA 1 308,785 314,507 507,289 685,978 637,849 261,163 392,894 406,960
EBIT 1 102,468 90,452 267,483 468,198 405,308 237,870 259,612 273,845
Net income 1 76,510 70,007 200,431 385,084 338,062 182,044 214,986 214,865
Net Debt 1 -573,443 -792,233 -549,029 -648,500 -541,960 -495,555 -400,184 -692,031
Reference price 2 2,204.00 1,948.00 2,114.50 3,448.00 2,645.00 2,563.00 2,563.00 2,563.00
Nbr of stocks (in thousands) 766,876 766,929 766,982 751,795 731,034 731,034 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.46x0.31x5.33x4.53% 12.67B
10.49x1.25x10.79x3.77% 222B
7.99x0.03x0.22x4.59% 59.18B
8.04x0.14x1.23x5.33% 58.74B
5.1x0.04x0.38x5.85% 55.36B
5.76x0.24x2.13x1.07% 50.68B
11.15x0.22x3.38x5.18% 46.01B
10.19x0.6x8.2x4.84% 41.87B
26.93x2.39x16.59x0.88% 40.61B
4.46x0.96x9.42x5.72% 33.24B
Average 10.06x 0.62x 5.77x 4.18% 62B
Weighted average by Cap. 9.93x 0.76x 6.71x 4.07%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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