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 1 308,232 302,986 402,944 469,111 634,356 611,118 - -
Change - -1.7% 32.99% 16.42% 35.23% -3.66% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 891,856 861,695 831,147
Change - 14.66% 15.86% 11.74% 22.48% 3.97% -3.38% -3.55%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10.4x 8.39x 7.4x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.83x 0.77x 0.73x
PEG - -0.5x 0x -0.6x 0x 0.6x 0.3x 0.6x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.47x 0.45x 0.43x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.69x 0.63x 0.58x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 6.07x 4.46x 3.94x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.66x 7.32x 6.26x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 31.1x 17.8x 13.8x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 3.22% 5.61% 7.25%
Dividend per Share 2 55 35 58 58 77 89.63 109.6 126.6
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 3.85% 4.72% 5.45%
EPS 2 112 35.8 140.9 37.51 191.6 222.9 277.1 314.2
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.2% 39.6% 40.3%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,294,837 1,370,860 1,426,470
EBITDA 1 116,893 90,336 143,049 94,354 161,253 146,879 192,990 210,882
EBIT 1 49,200 15,000 64,500 11,186 82,584 92,356 117,662 132,756
Net income 1 29,500 9,400 37,000 9,865 50,379 56,596 72,797 82,237
Net Debt 1 163,552 237,956 223,805 231,209 223,409 280,738 250,577 220,030
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,325.00 2,325.00 2,325.00
Nbr of stocks (in thousands) 262,996 263,009 263,018 263,028 262,837 262,846 - -
Announcement Date 9/2/22 14/2/23 14/2/24 13/2/25 12/2/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.31x0.68x6.02x3.9% 3.8B
14.46x1.09x5.77x3.2% 32.23B
14.05x1.02x5.72x3.91% 27.38B
9.11x1.18x5.72x3.16% 7.44B
10.33x1.04x6.09x2.75% 6.48B
9.74x - - 3.13% 6.41B
17.99x - - 3.12% 4.92B
8.08x0.87x4.11x3.69% 3.69B
133.23x - - - 2.6B
35.83x1.92x10.8x1.86% 2.59B
Average 26.31x 1.11x 6.32x 3.19% 9.75B
Weighted average by Cap. 16.86x 1.07x 5.87x 3.37%

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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