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 1 308,232 302,986 402,944 469,111 634,356 520,304 - -
Change - -1.7% 32.99% 16.42% 35.23% -17.98% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 815,283 770,976 739,534
Change - 14.66% 15.86% 11.74% 22.48% -4.95% -5.43% -4.08%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 9.11x 7.15x 6.26x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.7x 0.66x 0.62x
PEG - -0.5x 0x -0.6x 0x 0.7x 0.3x 0.4x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.4x 0.38x 0.37x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.63x 0.56x 0.52x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.11x 3.99x 3.5x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.04x 6.6x 5.58x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 29.1x 14.5x 11.2x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 3.43% 6.91% 8.92%
Dividend per Share 2 55 35 58 58 77 88.47 108.8 126.2
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 4.47% 5.5% 6.38%
EPS 2 112 35.8 140.9 37.51 191.6 217.4 276.7 316.1
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.7% 39.3% 39.9%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,302,931 1,366,279 1,422,428
EBITDA 1 116,893 90,336 143,049 94,354 161,253 159,598 193,336 211,284
EBIT 1 49,200 15,000 64,500 11,186 82,584 90,216 116,887 132,615
Net income 1 29,500 9,400 37,000 9,865 50,379 55,154 72,703 82,714
Net Debt 1 163,552 237,956 223,805 231,209 223,409 294,979 250,671 219,229
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 1,979.50 1,979.50 1,979.50
Nbr of stocks (in thousands) 262,996 263,009 263,018 263,028 262,837 262,846 - -
Announcement Date 09/02/22 14/02/23 14/02/24 13/02/25 12/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.23x1.01x5.38x3.52% 30.36B
13.57x0.98x5.53x4.06% 25.25B
14.35x1.23x5.34x4.01% 8.05B
8.44x1.14x5.42x3.33% 7.16B
9.81x1x5.72x3.02% 6.22B
8.69x - - 3.5% 5.73B
23.77x1.56x11.8x0.19% 5.45B
5.47x0.48x2.99x5.34% 5.27B
18.35x - - 3.05% 5.04B
Average 12.85x 1.06x 6.02x 3.34% 10.95B
Weighted average by Cap. 13.01x 1.03x 5.70x 3.54%

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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