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 3,144,805 - -
Change - -28.99% 15.42% -15.22% 19.2% 24.78% - -
Enterprise Value (EV) 1 3,878,564 3,546,026 4,261,988 4,097,334 4,485,426 4,984,297 4,880,125 4,736,581
Change - -8.57% 20.19% -3.86% 9.47% 11.12% -2.09% -2.94%
P/E 17.5x 13.9x 10.5x 9.31x 13.6x 13.8x 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 0.97x 0.93x 0.9x
EV / Revenue 1.77x 1.32x 1.41x 1.36x 1.49x 1.54x 1.45x 1.36x
EV / EBITDA 12.2x 11.7x 9.77x 9.4x 11.3x 10.6x 9.74x 8.89x
EV / EBIT 15.8x 16.2x 13x 13x 16.9x 15.4x 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% 3.99% 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% 2.22% 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 2,793.00 2,793.00 2,793.00
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.($)
13.84x1.54x10.62x1.9% 19.72B
22.44x2.13x17.49x2.43% 70.41B
14.45x1.18x11.98x3.86% 42.59B
16.79x1.64x9.33x2.77% 39.62B
29.72x4.33x17.32x1.68% 29.28B
23.66x2.18x12.15x2.01% 19.21B
13.54x - - 0.72% 16.23B
22.71x2.53x13.65x2.65% 15.31B
26.12x0.83x15.92x2.53% 12.8B
22.78x1.81x14.43x2.25% 9.73B
Average 20.60x 2.02x 13.65x 2.28% 27.49B
Weighted average by Cap. 20.30x 2.05x 13.97x 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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