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 3,050,175 - -
Change - -28.99% 15.42% -15.22% 19.2% 21.02% - -
Enterprise Value (EV) 1 3,878,564 3,546,026 4,261,988 4,097,334 4,485,426 4,888,875 4,787,952 4,647,561
Change - -8.57% 20.19% -3.86% 9.47% 8.99% -2.06% -2.93%
P/E 17.5x 13.9x 10.5x 9.31x 13.6x 13.4x 12.4x 11.4x
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 1.52x 1.32x
Capitalization / Revenue 1.39x 0.81x 0.83x 0.7x 0.83x 0.95x 0.9x 0.88x
EV / Revenue 1.77x 1.32x 1.41x 1.36x 1.49x 1.52x 1.42x 1.34x
EV / EBITDA 12.2x 11.7x 9.77x 9.4x 11.3x 10.5x 9.69x 8.89x
EV / EBIT 15.8x 16.2x 13x 13x 16.9x 15.2x 13.7x 12.5x
EV / FCF -111x -10.9x 27.3x 125x 44.8x 29.7x 24.6x 24.5x
FCF Yield -0.9% -9.2% 3.66% 0.8% 2.23% 3.37% 4.06% 4.08%
Dividend per Share 2 42 44 48 50 50 52.89 61.69 66.12
Rate of return 1.64% 2.42% 2.26% 2.72% 2.26% 1.97% 2.3% 2.47%
EPS 2 145.5 130.8 201.7 197.6 163.4 200.4 216.7 235.5
Distribution rate 28.9% 33.6% 23.8% 25.3% 30.6% 26.4% 28.5% 28.1%
Net sales 1 2,196,766 2,678,772 3,020,711 3,016,281 3,018,891 3,225,045 3,370,640 3,480,280
EBITDA 1 317,908 304,155 436,099 436,097 395,946 466,949 494,313 522,947
EBIT 1 246,207 218,942 328,829 315,636 265,470 320,776 349,869 372,025
Net income 1 175,637 156,182 238,455 230,437 186,687 225,211 246,599 266,192
Net Debt 1 835,870 1,385,306 1,768,089 1,982,947 1,965,120 1,838,700 1,737,777 1,597,386
Reference price 2 2,553.50 1,817.00 2,122.50 1,839.00 2,216.50 2,682.50 2,682.50 2,682.50
Nbr of stocks (in thousands) 1,191,578 1,189,169 1,174,982 1,149,748 1,137,065 1,137,064 - -
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.($)
13.38x1.52x10.47x1.97% 18.96B
21x1.91x15.94x2.65% 62.89B
13.99x1.13x11.76x4.15% 37.63B
15.53x1.53x8.71x3.01% 35.74B
31.87x4.65x18.46x1.56% 31.06B
24.18x2.24x12.22x1.99% 19.56B
13.27x - - 0.73% 15.81B
21.39x2.4x12.86x2.82% 14.41B
27.38x0.86x16.45x2.44% 13.29B
25.47x2.08x15.99x1.96% 10.16B
Average 20.74x 2.03x 13.65x 2.33% 25.95B
Weighted average by Cap. 20.27x 2.06x 13.68x 2.54%

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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