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 2,96,015 3,30,717 5,19,696 5,42,238 9,48,904 10,09,740 - -
Change - 11.72% 57.14% 4.34% 75% 6.41% - -
Enterprise Value (EV) 1 4,25,744 4,93,846 8,91,439 9,80,238 13,77,283 14,08,331 13,42,402 12,57,856
Change - 16% 80.51% 9.96% 40.5% 2.25% -4.68% -6.3%
P/E 4.51x 7.19x 7.71x 7.27x 9x 7.95x 7.29x 6.42x
PBR 0.56x 0.54x 0.7x 0.61x 0.92x 0.88x 0.81x 0.73x
PEG - -0.2x 0.2x 0.6x 0.2x 0.4x 0.81x 0.5x
Capitalization / Revenue 0.44x 0.38x 0.53x 0.5x 0.77x 0.76x 0.73x 0.7x
EV / Revenue 0.63x 0.57x 0.9x 0.9x 1.12x 1.06x 0.97x 0.87x
EV / EBITDA 3.3x 4.16x 5.58x 5.29x 6.08x 5.09x 4.64x 4.01x
EV / EBIT 5.09x 7.17x 8.88x 8.22x 9.01x 6.97x 6.35x 5.39x
EV / FCF 6.67x -69.3x -4.84x 10.5x -13x 19.9x 13.5x 9.39x
FCF Yield 15% -1.44% -20.7% 9.5% -7.67% 5.01% 7.43% 10.6%
Dividend per Share 2 65 66 84 50 134 232.9 279.9 343.4
Rate of return 3.53% 3.21% 2.6% 1.47% 2.23% 3.64% 4.37% 5.36%
EPS 2 408.5 286.4 419.3 467.8 668.6 804.7 877.6 997.2
Distribution rate 15.9% 23% 20% 10.7% 20% 28.9% 31.9% 34.4%
Net sales 1 6,70,809 8,60,477 9,85,333 10,94,700 12,34,959 13,34,681 13,90,725 14,48,840
EBITDA 1 1,29,196 1,18,765 1,59,845 1,85,314 2,26,523 2,76,918 2,89,213 3,13,966
EBIT 1 83,636 68,851 1,00,351 1,19,200 1,52,901 2,02,124 2,11,286 2,33,525
Net income 1 65,500 45,918 67,234 74,900 1,05,398 1,26,365 1,36,563 1,52,582
Net Debt 1 1,29,729 1,63,129 3,71,743 4,38,000 4,28,379 3,98,590 3,32,662 2,48,116
Reference price 2 1,843.00 2,058.00 3,233.00 3,400.00 6,017.00 6,401.00 6,401.00 6,401.00
Nbr of stocks (in thousands) 1,60,616 1,60,698 1,60,747 1,59,482 1,57,704 1,57,747 - -
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.($)
7.95x1.06x5.09x3.64% 643.94Cr
13.73x1.05x5.6x3.35% 3.16TCr
13.26x0.93x5.26x4.24% 2.37TCr
14.44x1.22x5.31x4.02% 798.17Cr
9.02x0.93x5.29x3.28% 575.82Cr
5.6x0.48x3.01x4.97% 553.42Cr
8x - - 3.8% 530.71Cr
23.53x1.49x11.49x0.2% 526.81Cr
15.32x - - 3.15% 491.39Cr
25.81x3.26x15.56x0.88% 429.7Cr
Average 13.67x 1.30x 7.08x 3.15% 1.01TCr
Weighted average by Cap. 13.39x 1.12x 6.09x 3.46%

Y-o-Y evolution of P/E

Valuation ratios - P/E - The Yokohama Rubber Company, Limited

Historical PBR trend

Valuation ratios - PBR - The Yokohama Rubber Company, Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - The Yokohama Rubber Company, Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - The Yokohama Rubber Company, Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - The Yokohama Rubber Company, Limited
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