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 1 308,232 302,986 402,944 469,111 634,356 584,153 - -
Change - -1.7% 32.99% 16.42% 35.23% -7.91% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 862,917 838,631 808,155
Change - 14.66% 15.86% 11.74% 22.48% 0.6% -2.81% -3.63%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10.1x 8.17x 7.19x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.78x 0.74x 0.69x
PEG - -0.5x 0x -0.6x 0x 0.7x 0.3x 0.5x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.45x 0.43x 0.41x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.66x 0.61x 0.57x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.15x 4.37x 3.84x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.04x 7.24x 6.16x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 38.2x 16.5x 13.3x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 2.62% 6.06% 7.49%
Dividend per Share 2 55 35 58 58 77 88.86 107.6 124.7
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 4% 4.84% 5.61%
EPS 2 112 35.8 140.9 37.51 191.6 219.8 271.9 309.2
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.4% 39.6% 40.3%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,312,435 1,364,906 1,419,256
EBITDA 1 116,893 90,336 143,049 94,354 161,253 167,642 192,103 210,379
EBIT 1 49,200 15,000 64,500 11,186 82,584 95,453 115,799 131,271
Net income 1 29,500 9,400 37,000 9,865 50,379 57,788 71,445 80,915
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 2,222.50 2,222.50 2,222.50
Nbr of stocks (in thousands) 262,996 263,009 263,018 263,028 262,837 262,836 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.09x0.66x5.15x4.01% 3.6B
13.39x1x5.35x3.56% 28.7B
13.86x1.04x5.75x3.82% 27.43B
9.84x1.24x6.08x2.92% 7.35B
10.08x1.03x5.98x2.81% 6.3B
9.38x - - 3.24% 6.12B
13.03x - - 5.39% 4.52B
8.98x0.9x4.12x3.54% 3.79B
110.71x - - - 2.14B
43.19x1.9x10.85x1.82% 2.41B
Average 24.25x 1.11x 6.18x 3.46% 9.24B
Weighted average by Cap. 15.47x 1.04x 5.71x 3.58%

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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