Company Valuation: Kubota Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,042,694 2,160,720 2,493,899 2,114,387 2,520,306 3,149,308 - -
Change - -28.99% 15.42% -15.22% 19.2% 24.96% - -
Enterprise Value (EV) 1 3,878,564 3,546,026 4,261,988 4,097,334 4,485,426 4,988,800 4,884,629 4,741,085
Change - -8.57% 20.19% -3.86% 9.47% 11.22% -2.09% -2.94%
P/E 17.5x 13.9x 10.5x 9.31x 13.6x 13.9x 12.7x 11.6x
PBR 1.83x 1.15x 1.15x 0.85x 0.96x 1.14x 1.06x 0.99x
PEG - -1.4x 0.2x -4.55x -0.8x 0.6x 1.35x 1.22x
Capitalization / Revenue 1.39x 0.81x 0.83x 0.7x 0.83x 0.98x 0.93x 0.9x
EV / Revenue 1.77x 1.32x 1.41x 1.36x 1.49x 1.55x 1.45x 1.36x
EV / EBITDA 12.2x 11.7x 9.77x 9.4x 11.3x 10.6x 9.75x 8.9x
EV / EBIT 15.8x 16.2x 13x 13x 16.9x 15.5x 13.7x 12.4x
EV / FCF -111x -10.9x 27.3x 125x 44.8x 30.3x 25.1x 25x
FCF Yield -0.9% -9.2% 3.66% 0.8% 2.23% 3.3% 3.98% 4%
Dividend per Share 2 42 44 48 50 50 53.11 61.89 66.88
Rate of return 1.64% 2.42% 2.26% 2.72% 2.26% 1.9% 2.21% 2.39%
EPS 2 145.5 130.8 201.7 197.6 163.4 201.8 220.7 241.7
Distribution rate 28.9% 33.6% 23.8% 25.3% 30.6% 26.3% 28% 27.7%
Net sales 1 2,196,766 2,678,772 3,020,711 3,016,281 3,018,891 3,227,945 3,374,913 3,485,835
EBITDA 1 317,908 304,155 436,099 436,097 395,946 469,393 501,113 532,697
EBIT 1 246,207 218,942 328,829 315,636 265,470 322,776 356,669 381,775
Net income 1 175,637 156,182 238,455 230,437 186,687 226,604 250,829 272,248
Net Debt 1 835,870 1,385,306 1,768,089 1,982,947 1,965,120 1,839,492 1,735,320 1,591,776
Reference price 2 2,553.50 1,817.00 2,122.50 1,839.00 2,216.50 2,797.00 2,797.00 2,797.00
Nbr of stocks (in thousands) 1,191,578 1,189,169 1,174,982 1,149,748 1,137,065 1,125,959 - -
Announcement Date 2/14/22 2/14/23 2/14/24 2/13/25 2/12/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.14x2.15x17.6x2.41% 69.6B
13.73x1.15x11.69x4.08% 39.77B
16.07x1.56x8.9x2.9% 36.17B
30.32x4.42x17.69x1.64% 29.46B
24.26x2.24x12.24x1.98% 19.51B
23.45x2.63x14.19x2.48% 15.9B
13.23x - - 0.73% 15.68B
28.22x0.89x17.02x2.34% 13.83B
13.99x2.28x8.81x0.95% 10.15B
Average 20.71x 2.17x 13.52x 2.17% 27.78B
Weighted average by Cap. 20.86x 2.15x 14.17x 2.46%

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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  5. Valuation Kubota Corporation