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 3,08,232 3,02,986 4,02,944 4,69,111 6,34,356 6,33,854 - -
Change - -1.7% 32.99% 16.42% 35.23% -0.08% - -
Enterprise Value (EV) 1 4,71,784 5,40,942 6,26,749 7,00,320 8,57,765 9,10,209 8,85,028 8,54,428
Change - 14.66% 15.86% 11.74% 22.48% 6.11% -2.77% -3.46%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10.7x 8.78x 7.73x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.86x 0.8x 0.75x
PEG - -0.5x 0x -0.6x 0x 0.6x 0.4x 0.6x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.49x 0.46x 0.45x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.7x 0.64x 0.6x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.4x 4.58x 4.05x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.82x 7.58x 6.47x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 31.7x 17.8x 14.1x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 3.15% 5.62% 7.08%
Dividend per Share 2 55 35 58 58 77 89.63 108.6 125.7
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 3.72% 4.5% 5.21%
EPS 2 112 35.8 140.9 37.51 191.6 224.6 274.7 311.8
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 39.9% 39.5% 40.3%
Net sales 1 9,36,000 10,98,700 11,77,400 12,11,856 12,07,061 13,02,179 13,72,440 14,21,011
EBITDA 1 1,16,893 90,336 1,43,049 94,354 1,61,253 1,68,591 1,93,113 2,11,079
EBIT 1 49,200 15,000 64,500 11,186 82,584 92,734 1,16,724 1,31,962
Net income 1 29,500 9,400 37,000 9,865 50,379 57,551 72,160 81,606
Net Debt 1 1,63,552 2,37,956 2,23,805 2,31,209 2,23,409 2,76,355 2,51,174 2,20,574
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,411.50 2,411.50 2,411.50
Nbr of stocks (in thousands) 2,62,996 2,63,009 2,63,018 2,63,028 2,62,837 2,62,846 - -
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.($)
11.08x0.71x5.52x3.6% 414.6Cr
14.95x1.12x5.94x3.15% 3.31TCr
14.01x1.02x5.68x3.9% 2.71TCr
10.13x1.27x6.22x2.83% 779.2Cr
10.17x1.03x6x2.79% 635.95Cr
9.64x - - 3.16% 631.83Cr
16.67x - - 3.36% 454.06Cr
8.04x0.82x3.84x3.9% 351.73Cr
136.87x - - - 266.26Cr
34.3x1.83x10.41x1.99% 240.94Cr
Average 26.59x 1.11x 6.23x 3.19% 979.6Cr
Weighted average by Cap. 17.11x 1.08x 5.90x 3.34%

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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