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 3,017,571 - -
Change - -28.99% 15.42% -15.22% 19.2% 19.73% - -
Enterprise Value (EV) 1 3,878,564 3,546,026 4,261,988 4,097,334 4,485,426 4,857,063 4,752,891 4,609,348
Change - -8.57% 20.19% -3.86% 9.47% 8.29% -2.14% -3.02%
P/E 17.5x 13.9x 10.5x 9.31x 13.6x 13.3x 12.1x 11.1x
PBR 1.83x 1.15x 1.15x 0.85x 0.96x 1.09x 1.02x 0.95x
PEG - -1.4x 0.2x -4.55x -0.8x 0.6x 1.29x 1.17x
Capitalization / Revenue 1.39x 0.81x 0.83x 0.7x 0.83x 0.93x 0.89x 0.87x
EV / Revenue 1.77x 1.32x 1.41x 1.36x 1.49x 1.5x 1.41x 1.32x
EV / EBITDA 12.2x 11.7x 9.77x 9.4x 11.3x 10.3x 9.48x 8.65x
EV / EBIT 15.8x 16.2x 13x 13x 16.9x 15x 13.3x 12.1x
EV / FCF -111x -10.9x 27.3x 125x 44.8x 29.5x 24.4x 24.3x
FCF Yield -0.9% -9.2% 3.66% 0.8% 2.23% 3.39% 4.09% 4.11%
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% 1.98% 2.31% 2.5%
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 2,680.00 2,680.00 2,680.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.28x1.5x10.35x1.98% 18.59B
22.09x2.04x16.71x2.51% 66.42B
13.45x1.1x11.48x4.3% 36.94B
15.12x1.48x8.43x3.08% 34.32B
28.33x4.21x16.71x1.74% 28.1B
23.53x2.18x11.9x2.04% 19.02B
13.36x - - 0.73% 15.92B
21.4x2.4x12.89x2.81% 14.45B
26.99x0.86x16.34x2.45% 13.19B
24x1.96x15.02x2.08% 9.47B
Average 20.16x 1.97x 13.31x 2.37% 25.64B
Weighted average by Cap. 19.81x 1.99x 13.54x 2.57%

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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