Company Valuation: The Yokohama Rubber Company, Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 296,015 330,717 519,696 542,238 948,904 1,127,893 - -
Change - 11.72% 57.14% 4.34% 75% 18.86% - -
Enterprise Value (EV) 1 425,744 493,846 891,439 980,238 1,377,283 1,526,483 1,460,555 1,376,009
Change - 16% 80.51% 9.96% 40.5% 10.83% -4.32% -5.79%
P/E 4.51x 7.19x 7.71x 7.27x 9x 8.44x 8.15x 7.19x
PBR 0.56x 0.54x 0.7x 0.61x 0.92x 0.99x 0.91x 0.82x
PEG - -0.2x 0.2x 0.6x 0.2x 0.3x 2.32x 0.5x
Capitalization / Revenue 0.44x 0.38x 0.53x 0.5x 0.77x 0.84x 0.81x 0.78x
EV / Revenue 0.63x 0.57x 0.9x 0.9x 1.12x 1.14x 1.05x 0.95x
EV / EBITDA 3.3x 4.16x 5.58x 5.29x 6.08x 5.42x 5.07x 4.41x
EV / EBIT 5.09x 7.17x 8.88x 8.22x 9.01x 7.35x 6.92x 5.91x
EV / FCF 6.67x -69.3x -4.84x 10.5x - 21.6x 13.3x 10.3x
FCF Yield 15% -1.44% -20.7% 9.5% - 4.63% 7.53% 9.73%
Dividend per Share 2 65 66 84 50 134 238.2 279.9 343.4
Rate of return 3.53% 3.21% 2.6% 1.47% 2.23% 3.33% 3.92% 4.8%
EPS 2 408.5 286.4 419.3 467.8 668.6 847.4 877.2 994.8
Distribution rate 15.9% 23% 20% 10.7% 20% 28.1% 31.9% 34.5%
Net sales 1 670,809 860,477 985,333 1,094,700 1,234,959 1,339,196 1,390,535 1,448,580
EBITDA 1 129,196 118,765 159,845 185,314 226,523 281,639 288,311 312,192
EBIT 1 83,636 68,851 100,351 119,200 152,901 207,604 211,156 232,870
Net income 1 65,500 45,918 67,234 74,900 105,398 132,941 136,499 152,202
Net Debt 1 129,729 163,129 371,743 438,000 428,379 398,590 332,662 248,116
Reference price 2 1,843.00 2,058.00 3,233.00 3,400.00 6,017.00 7,150.00 7,150.00 7,150.00
Nbr of stocks (in thousands) 160,616 160,698 160,747 159,482 157,704 157,747 - -
Announcement Date 17/02/22 17/02/23 16/02/24 19/02/25 19/02/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.42x1.14x5.41x3.34% 7.16B
13.33x1.01x5.42x3.49% 30.66B
13.83x1x5.62x3.98% 25.97B
14.59x1.25x5.41x3.95% 8.25B
9.81x1x5.72x3.02% 6.22B
8.69x - - 3.5% 5.73B
24.07x1.58x11.95x0.18% 5.54B
5.48x0.48x2.99x5.33% 5.31B
18.66x - - 3% 5.13B
25.91x3.26x15.48x0.88% 4.27B
Average 14.28x 1.34x 7.25x 3.07% 10.43B
Weighted average by Cap. 13.70x 1.14x 6.20x 3.4%

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

  1. Stock Market
  2. Stocks
  3. 5101 Stock
  4. Valuation The Yokohama Rubber Company, Limited