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 1 296,015 330,717 519,696 542,238 948,904 1,110,541 - -
Change - 11.72% 57.14% 4.34% 75% 17.03% - -
Enterprise Value (EV) 1 425,744 493,846 891,439 980,238 1,377,283 1,509,131 1,443,203 1,358,657
Change - 16% 80.51% 9.96% 40.5% 9.57% -4.37% -5.86%
P/E 4.51x 7.19x 7.71x 7.27x 9x 8.75x 8.02x 7.06x
PBR 0.56x 0.54x 0.7x 0.61x 0.92x 0.97x 0.89x 0.8x
PEG - -0.2x 0.2x 0.6x 0.2x 0.4x 0.89x 0.5x
Capitalization / Revenue 0.44x 0.38x 0.53x 0.5x 0.77x 0.83x 0.8x 0.77x
EV / Revenue 0.63x 0.57x 0.9x 0.9x 1.12x 1.13x 1.04x 0.94x
EV / EBITDA 3.3x 4.16x 5.58x 5.29x 6.08x 5.45x 4.99x 4.33x
EV / EBIT 5.09x 7.17x 8.88x 8.22x 9.01x 7.47x 6.83x 5.82x
EV / FCF 6.67x -69.3x -4.84x 10.5x -13x 21.4x 14.5x 10.1x
FCF Yield 15% -1.44% -20.7% 9.5% -7.67% 4.68% 6.91% 9.86%
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% 3.31% 3.98% 4.88%
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 1 670,809 860,477 985,333 1,094,700 1,234,959 1,334,681 1,390,725 1,448,840
EBITDA 1 129,196 118,765 159,845 185,314 226,523 276,918 289,213 313,966
EBIT 1 83,636 68,851 100,351 119,200 152,901 202,124 211,286 233,525
Net income 1 65,500 45,918 67,234 74,900 105,398 126,365 136,563 152,582
Net Debt 1 129,729 163,129 371,743 438,000 428,379 398,590 332,662 248,116
Reference price 2 1,843.00 2,058.00 3,233.00 3,400.00 6,017.00 7,040.00 7,040.00 7,040.00
Nbr of stocks (in thousands) 160,616 160,698 160,747 159,482 157,704 157,747 - -
Announcement Date 17/2/22 17/2/23 16/2/24 19/2/25 19/2/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.42x1.1x5.3x3.44% 6.75B
14.07x0.98x5.54x4% 25.08B
14.68x1.24x5.42x4% 8.23B
10.74x0.95x6.01x2.4% 5.91B
25.28x1.6x12.33x0.18% 5.72B
5.68x0.48x2.9x4.37% 5.54B
9x - - 2.88% 5.18B
30.07x3.46x17.77x0.72% 4.92B
14.13x - - 3.41% 4.58B
9.47x0.63x5.03x4.34% 3.39B
Average 14.16x 1.30x 7.54x 2.97% 7.53B
Weighted average by Cap. 14.10x 1.20x 6.80x 3.25%

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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