SUMITOMO CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,155 JPY | +6.29% |
|
+9.28% | +35.08% |
| 08:52am | Japan's Nikkei tracks Wall Street higher; Fed policy meeting in focus | RE |
| 05:09am | Japan's Nikkei tracks Wall Street higher; Fed policy meeting in focus | RE |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,11,945 | 15,47,810 | 19,70,669 | 26,48,635 | 29,10,670 | 47,76,274 | - | - |
| Enterprise Value (EV) 1 | 43,39,045 | 43,93,783 | 46,55,853 | 49,22,338 | 53,93,376 | 73,78,757 | 73,55,513 | 75,12,185 |
| P/E ratio | 5.96 x | 9.03 x | -12.9 x | 5.71 x | 5.17 x | 9.62 x | 9.61 x | 9.13 x |
| Yield | 4.9% | 6.46% | 4.44% | 5.19% | 4.91% | 3.24% | 3.42% | 3.61% |
| Capitalization / Revenue | 0.36 x | 0.29 x | 0.42 x | 0.48 x | 0.43 x | 0.7 x | 0.7 x | 0.68 x |
| EV / Revenue | 0.81 x | 0.83 x | 1 x | 0.9 x | 0.79 x | 1.08 x | 1.07 x | 1.07 x |
| EV / EBITDA | 11.2 x | 12.2 x | 21 x | 10.6 x | 8.89 x | 13.2 x | 11.9 x | 12 x |
| EV / FCF | 19.9 x | 35.7 x | 11.6 x | 20.2 x | 38.2 x | 36.1 x | 24.2 x | 24.7 x |
| FCF Yield | 5.01% | 2.8% | 8.61% | 4.94% | 2.62% | 2.77% | 4.13% | 4.05% |
| Price to Book | 0.69 x | 0.61 x | 0.78 x | 0.83 x | 0.76 x | 1.1 x | 1.03 x | 0.96 x |
| Nbr of stocks (in thousands) | 12,48,821 | 12,49,241 | 12,49,631 | 12,49,946 | 12,43,345 | 12,21,866 | - | - |
| Reference price 2 | 1,531 | 1,239 | 1,577 | 2,119 | 2,341 | 3,909 | 3,909 | 3,909 |
| Announcement Date | 09/05/19 | 08/05/20 | 07/05/21 | 10/05/22 | 09/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 53,39,238 | 52,99,814 | 46,45,059 | 54,95,015 | 68,17,872 | 68,25,204 | 68,68,352 | 70,47,019 |
| EBITDA 1 | 3,87,478 | 3,61,573 | 2,21,432 | 4,66,025 | 6,06,764 | 5,57,215 | 6,15,903 | 6,23,800 |
| EBIT 1 | 2,75,640 | 1,96,233 | 50,526 | 2,95,662 | 4,23,015 | 3,92,197 | 4,05,464 | 4,19,930 |
| Operating Margin | 5.16% | 3.7% | 1.09% | 5.38% | 6.2% | 5.75% | 5.9% | 5.96% |
| Earnings before Tax (EBT) 1 | 4,04,017 | 2,51,922 | -94,215 | 5,90,019 | 7,22,918 | 6,47,467 | 6,29,454 | 6,58,989 |
| Net income 1 | 3,20,523 | 1,71,359 | -1,53,067 | 4,63,694 | 5,65,178 | 5,00,886 | 4,93,547 | 5,15,978 |
| Net margin | 6% | 3.23% | -3.3% | 8.44% | 8.29% | 7.34% | 7.19% | 7.32% |
| EPS 2 | 256.7 | 137.2 | -122.4 | 370.8 | 452.5 | 406.3 | 407.0 | 428.0 |
| Free Cash Flow 1 | 2,17,600 | 1,23,201 | 4,00,755 | 2,43,105 | 1,41,276 | 2,04,320 | 3,03,760 | 3,04,400 |
| FCF margin | 4.08% | 2.32% | 8.63% | 4.42% | 2.07% | 2.99% | 4.42% | 4.32% |
| FCF Conversion (EBITDA) | 56.16% | 34.07% | 180.98% | 52.17% | 23.28% | 36.67% | 49.32% | 48.8% |
| FCF Conversion (Net income) | 67.89% | 71.9% | - | 52.43% | 25% | 40.79% | 61.55% | 58.99% |
| Dividend per Share 2 | 75.00 | 80.00 | 70.00 | 110.0 | 115.0 | 126.5 | 133.5 | 141.1 |
| Announcement Date | 09/05/19 | 08/05/20 | 07/05/21 | 10/05/22 | 09/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,36,602 | 21,47,712 | 12,77,099 | 25,43,079 | 14,02,043 | 15,49,893 | 29,51,936 | 16,15,201 | 17,39,150 | 33,54,351 | 17,15,711 | 17,47,810 | 16,71,393 | 16,72,441 | 33,43,834 | 17,20,424 | 16,66,916 | 16,54,087 | 16,60,484 | 17,03,752 | 16,54,316 |
| EBITDA 1 | - | - | 1,27,316 | - | 1,17,744 | 1,09,160 | - | 1,51,937 | 1,81,263 | - | 1,47,027 | 1,26,537 | 1,33,913 | 1,60,802 | - | 1,50,142 | 1,65,480 | 1,47,537 | 1,78,294 | 1,72,493 | 1,09,186 |
| EBIT 1 | 1,23,173 | 37,170 | 85,667 | 1,54,998 | 73,593 | 67,071 | 1,40,664 | 1,07,395 | 1,35,223 | 2,42,618 | 1,00,108 | 80,289 | 87,832 | 1,11,519 | 1,99,351 | 99,821 | 1,14,161 | 93,276 | 1,25,655 | 1,21,409 | 50,125 |
| Operating Margin | 4.67% | 1.73% | 6.71% | 6.09% | 5.25% | 4.33% | 4.77% | 6.65% | 7.78% | 7.23% | 5.83% | 4.59% | 5.26% | 6.67% | 5.96% | 5.8% | 6.85% | 5.64% | 7.57% | 7.13% | 3.03% |
| Earnings before Tax (EBT) 1 | 2,01,227 | -39,655 | 1,60,647 | 2,98,374 | 1,27,013 | 1,64,632 | 2,91,645 | 2,02,133 | 2,42,387 | 4,44,520 | 1,56,756 | 1,21,642 | 1,59,108 | 1,88,187 | 3,47,295 | 1,55,411 | 1,21,789 | 1,41,748 | 1,61,949 | 1,09,724 | 1,71,828 |
| Net income 1 | 1,52,424 | -60,203 | 1,33,734 | 2,41,036 | 94,095 | 1,28,563 | 2,22,658 | 1,55,228 | 1,94,985 | 3,50,213 | 1,14,046 | 1,00,919 | 1,29,420 | 1,55,465 | 2,84,885 | 1,19,221 | 1,01,899 | 1,08,717 | 1,25,458 | 82,179 | 1,33,645 |
| Net margin | 5.78% | -2.8% | 10.47% | 9.48% | 6.71% | 8.29% | 7.54% | 9.61% | 11.21% | 10.44% | 6.65% | 5.77% | 7.74% | 9.3% | 8.52% | 6.93% | 6.11% | 6.57% | 7.56% | 4.82% | 8.08% |
| EPS 2 | 122.0 | -48.15 | 106.9 | 192.8 | 75.24 | 102.8 | 178.0 | 124.1 | 155.9 | 280.0 | 91.18 | 81.32 | 105.6 | 127.2 | 232.8 | 97.56 | 66.21 | 88.98 | 102.7 | 67.26 | 109.4 |
| Dividend per Share 2 | 45.00 | 35.00 | 45.00 | 45.00 | - | 65.00 | - | - | 57.50 | 57.50 | - | 57.50 | - | 62.50 | 62.50 | - | 62.50 | - | 65.00 | - | 65.00 |
| Announcement Date | 01/11/19 | 06/11/20 | 04/11/21 | 04/11/21 | 04/02/22 | 10/05/22 | 10/05/22 | 03/08/22 | 04/11/22 | 04/11/22 | 06/02/23 | 09/05/23 | 03/08/23 | 02/11/23 | 02/11/23 | 05/02/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 24,27,100 | 28,45,973 | 26,85,184 | 22,73,703 | 24,82,706 | 26,02,483 | 25,79,239 | 27,35,912 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.264 x | 7.871 x | 12.13 x | 4.879 x | 4.092 x | 4.671 x | 4.188 x | 4.386 x |
| Free Cash Flow 1 | 2,17,600 | 1,23,201 | 4,00,755 | 2,43,105 | 1,41,276 | 2,04,320 | 3,03,760 | 3,04,400 |
| ROE (net income / shareholders' equity) | 12% | 6.4% | -6% | 16.2% | 16.2% | 12.5% | 11% | 10.9% |
| ROA (Net income/ Total Assets) | 5.15% | 3.14% | -1.16% | 6.68% | 7.34% | 5.17% | 5.01% | 5.21% |
| Assets 1 | 62,22,624 | 54,56,998 | 1,31,66,714 | 69,40,311 | 76,96,209 | 96,92,825 | 98,45,333 | 98,96,005 |
| Book Value Per Share 2 | 2,219 | 2,036 | 2,023 | 2,558 | 3,063 | 3,549 | 3,799 | 4,085 |
| Cash Flow per Share 2 | 346.0 | 270.0 | 14.30 | 507.0 | 186.0 | 364.0 | 392.0 | 393.0 |
| Capex 1 | 1,12,000 | 76,935 | 66,342 | 69,716 | 70,295 | 1,23,814 | 89,420 | 90,064 |
| Capex / Sales | 2.1% | 1.45% | 1.43% | 1.27% | 1.03% | 1.81% | 1.3% | 1.28% |
| Announcement Date | 09/05/19 | 08/05/20 | 07/05/21 | 10/05/22 | 09/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
3,909
JPY
Average target price
3,856
JPY
Spread / Average Target
-1.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +35.08% | 30.48B | |
| +60.64% | 92.28B | |
| +23.74% | 63.34B | |
| +7.23% | 42.07B | |
| +26.72% | 29.06B | |
| +21.33% | 21.72B | |
| +15.83% | 17.8B | |
| -3.39% | 12.98B | |
| +3.16% | 6.05B | |
| -24.20% | 5.85B |
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