Financials Suzuki Motor Corporation

Equities

7269

JP3397200001

Auto & Truck Manufacturers

Market Closed - Japan Exchange 11:30:00 26/04/2024 am IST 5-day change 1st Jan Change
1,814 JPY +1.34% Intraday chart for Suzuki Motor Corporation +6.02% +20.30%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 22,59,125 12,54,343 24,39,929 20,45,929 23,33,340 35,00,451 - -
Enterprise Value (EV) 1 19,35,799 10,54,144 19,84,654 16,33,458 20,93,327 31,62,219 30,21,410 28,91,156
P/E ratio 12.4 x 9.03 x 16.7 x 12.8 x 10.6 x 13.4 x 11.9 x 11.3 x
Yield 1.51% 3.29% 1.79% 2.16% 2.08% 1.55% 1.91% 2.04%
Capitalization / Revenue 0.58 x 0.36 x 0.77 x 0.57 x 0.5 x 0.67 x 0.64 x 0.61 x
EV / Revenue 0.5 x 0.3 x 0.62 x 0.46 x 0.45 x 0.6 x 0.55 x 0.5 x
EV / EBITDA 4.09 x 2.78 x 6 x 4.63 x 3.97 x 4.9 x 4.33 x 3.88 x
EV / FCF 16.9 x -16.2 x 10.9 x 24.1 x -130 x 18.7 x 15.7 x 15 x
FCF Yield 5.91% -6.16% 9.19% 4.15% -0.77% 5.34% 6.35% 6.66%
Price to Book 1.62 x 0.84 x 1.45 x 1.09 x 1.12 x 1.52 x 1.4 x 1.29 x
Nbr of stocks (in thousands) 18,44,936 19,41,331 19,42,232 19,42,491 19,42,831 19,29,155 - -
Reference price 2 1,224 646.1 1,256 1,053 1,201 1,814 1,814 1,814
Announcement Date 10/05/19 26/05/20 13/05/21 11/05/22 15/05/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 38,71,496 34,88,433 31,78,209 35,68,380 46,41,644 52,38,321 55,10,100 57,77,980
EBITDA 1 4,73,291 3,79,227 3,30,977 3,52,965 5,27,833 6,45,420 6,97,056 7,44,449
EBIT 1 3,24,365 2,15,069 1,94,432 1,91,460 3,50,551 4,51,812 4,85,869 5,13,904
Operating Margin 8.38% 6.17% 6.12% 5.37% 7.55% 8.63% 8.82% 8.89%
Earnings before Tax (EBT) 1 2,98,390 2,46,027 2,41,064 2,74,278 3,81,036 4,77,572 5,24,002 5,50,922
Net income 1 1,78,759 1,34,222 1,46,421 1,60,345 2,21,107 2,62,018 2,95,063 3,09,828
Net margin 4.62% 3.85% 4.61% 4.49% 4.76% 5% 5.35% 5.36%
EPS 2 98.82 71.59 75.41 82.55 113.8 135.4 153.1 161.2
Free Cash Flow 1 1,14,492 -64,917 1,82,454 67,744 -16,048 1,68,921 1,91,960 1,92,588
FCF margin 2.96% -1.86% 5.74% 1.9% -0.35% 3.22% 3.48% 3.33%
FCF Conversion (EBITDA) 24.19% - 55.13% 19.19% - 26.17% 27.54% 25.87%
FCF Conversion (Net income) 64.05% - 124.61% 42.25% - 64.47% 65.06% 62.16%
Dividend per Share 2 18.50 21.25 22.50 22.75 25.00 28.08 34.59 36.95
Announcement Date 10/05/19 26/05/20 13/05/21 11/05/22 15/05/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4 2025 S2 2026 S1 2026 S2
Net sales 1 17,55,446 17,32,987 12,70,247 19,07,962 8,28,236 16,73,586 9,00,744 9,94,050 18,94,794 10,63,358 11,54,146 22,17,504 11,95,325 12,28,815 24,24,140 12,08,896 13,55,504 25,64,400 12,83,082 14,01,369 27,20,252 12,77,845 13,98,151 26,35,839 14,82,304 13,73,907 30,97,627 27,18,860 31,92,346
EBITDA 1 - - - - 76,200 - 87,606 1,00,370 - 1,12,798 1,29,659 - 1,50,966 1,34,410 - 1,42,164 1,79,805 - 1,66,830 1,57,469 - 1,56,566 1,89,252 - 1,80,950 1,62,798 - - -
EBIT 1 1,18,606 96,463 74,901 1,19,531 44,645 99,112 47,547 44,801 92,348 74,512 89,829 1,64,341 1,02,637 83,573 1,86,210 99,802 1,29,659 2,29,461 1,17,187 1,05,140 2,32,844 1,29,563 1,41,662 3,47,933 1,12,487 1,02,334 1,71,717 3,49,585 1,63,556
Operating Margin 6.76% 5.57% 5.9% 6.26% 5.39% 5.92% 5.28% 4.51% 4.87% 7.01% 7.78% 7.41% 8.59% 6.8% 7.68% 8.26% 9.57% 8.95% 9.13% 7.5% 8.56% 10.14% 10.13% 13.2% 7.59% 7.45% 5.54% 12.86% 5.12%
Earnings before Tax (EBT) 1 1,39,335 1,06,692 80,150 1,60,914 28,055 1,56,894 55,818 61,566 1,17,384 89,901 1,02,614 1,92,515 1,06,637 81,884 1,88,521 1,08,351 1,32,618 2,40,969 1,20,210 1,26,869 2,44,424 1,52,011 1,52,538 3,63,598 99,238 1,09,492 1,78,759 3,66,741 1,71,035
Net income 1 79,303 54,919 54,326 92,095 15,774 1,00,526 35,260 24,559 59,819 58,283 56,824 1,15,107 68,292 37,708 1,06,000 67,058 62,290 1,29,348 68,760 66,409 1,21,000 68,302 78,645 - 73,820 59,207 - - -
Net margin 4.52% 3.17% 4.28% 4.83% 1.9% 6.01% 3.91% 2.47% 3.16% 5.48% 4.92% 5.19% 5.71% 3.07% 4.37% 5.55% 4.6% 5.04% 5.36% 4.74% 4.45% 5.35% 5.62% - 4.98% 4.31% - - -
EPS 2 42.98 28.62 27.98 47.43 8.120 51.76 18.15 12.64 30.80 30.00 29.25 59.26 35.15 19.39 54.54 34.51 32.20 66.71 35.62 39.50 80.52 49.79 46.29 111.1 28.37 29.55 43.54 111.4 40.31
Dividend per Share 2 9.250 12.00 9.250 13.25 11.25 11.25 - 11.50 11.50 - 12.50 12.50 - 12.50 12.50 - 13.75 13.75 - 15.00 - - 20.50 - - 20.50 - - -
Announcement Date 05/11/19 26/05/20 05/11/20 13/05/21 11/11/21 11/11/21 04/02/22 11/05/22 11/05/22 05/08/22 08/11/22 08/11/22 07/02/23 15/05/23 15/05/23 04/08/23 07/11/23 07/11/23 07/02/24 - - - - - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 3,23,326 2,00,199 4,55,275 4,12,471 2,40,013 3,38,232 4,79,041 6,09,296
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,14,492 -64,917 1,82,454 67,744 -16,048 1,68,921 1,91,960 1,92,588
ROE (net income / shareholders' equity) 13.3% 9.3% 9.2% 9% 11.2% 12% 12.2% 12%
ROA (Net income/ Total Assets) 11.3% 7.28% 6.73% 6.42% 8.77% 9.2% 9.36% 9.34%
Assets 1 15,87,933 18,43,602 21,75,226 24,97,877 25,22,026 28,46,884 31,53,191 33,16,237
Book Value Per Share 2 755.0 766.0 869.0 967.0 1,069 1,191 1,299 1,412
Cash Flow per Share 2 212.0 159.0 146.0 166.0 205.0 216.0 276.0 274.0
Capex 1 2,68,945 2,36,450 1,70,947 1,89,389 2,69,863 3,37,558 3,41,099 3,57,137
Capex / Sales 6.95% 6.78% 5.38% 5.31% 5.81% 6.44% 6.19% 6.18%
Announcement Date 10/05/19 26/05/20 13/05/21 11/05/22 15/05/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
1,814 JPY
Average target price
1,918 JPY
Spread / Average Target
+5.72%
Consensus
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