Company Valuation: Sumitomo Rubber Industries, Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 308,232 302,986 402,944 469,111 634,356 547,487 - -
Change - -1.7% 32.99% 16.42% 35.23% -13.69% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 826,251 801,965 771,489
Change - 14.66% 15.86% 11.74% 22.48% -3.67% -2.94% -3.8%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 9.54x 7.64x 6.76x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.73x 0.69x 0.65x
PEG - -0.5x 0x -0.6x 0x 0.7x 0.3x 0.5x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.42x 0.4x 0.39x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.63x 0.59x 0.54x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 4.93x 4.17x 3.67x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 8.71x 6.91x 5.89x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 36.6x 13.4x 12.7x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 2.74% 7.46% 7.85%
Dividend per Share 2 55 35 58 58 77 89.16 107.8 124.3
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 4.28% 5.18% 5.97%
EPS 2 112 35.8 140.9 37.51 191.6 218.4 272.5 308.2
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.8% 39.6% 40.3%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,314,251 1,364,452 1,418,138
EBITDA 1 116,893 90,336 143,049 94,354 161,253 167,642 192,103 210,379
EBIT 1 49,200 15,000 64,500 11,186 82,584 94,845 116,015 130,921
Net income 1 29,500 9,400 37,000 9,865 50,379 57,403 71,583 80,642
Net Debt 1 163,552 237,956 223,805 231,209 223,409 278,764 254,478 224,002
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,083.00 2,083.00 2,083.00
Nbr of stocks (in thousands) 262,996 263,009 263,018 263,028 262,837 262,836 - -
Announcement Date 2/9/22 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.($)
13.13x1x5.57x4.05% 26.31B
12.17x0.93x4.96x3.9% 26.31B
9.46x1.21x5.9x3.01% 7.03B
8.86x - - 3.44% 5.77B
8.58x0.88x5.14x3.3% 5.35B
13.9x - - 4.88% 4.98B
8.4x0.83x3.82x3.8% 3.53B
169.54x - - - 3.28B
-16.42x0.41x4.79x-.--% 1.89B
Average 25.29x 0.88x 5.03x 3.3% 9.38B
Weighted average by Cap. 17.20x 0.96x 5.24x 3.76%

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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