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 1 308,232 302,986 402,944 469,111 634,356 603,758 - -
Change - -1.7% 32.99% 16.42% 35.23% -4.82% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 884,496 854,335 823,788
Change - 14.66% 15.86% 11.74% 22.48% 3.12% -3.41% -3.58%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10.3x 8.29x 7.31x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.82x 0.76x 0.72x
PEG - -0.5x 0x -0.6x 0x 0.6x 0.3x 0.5x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.47x 0.44x 0.42x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.68x 0.62x 0.58x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 6.02x 4.43x 3.91x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.58x 7.26x 6.21x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 30.8x 17.7x 13.7x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 3.25% 5.66% 7.32%
Dividend per Share 2 55 35 58 58 77 89.63 109.6 126.6
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 3.9% 4.77% 5.51%
EPS 2 112 35.8 140.9 37.51 191.6 222.9 277.1 314.2
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.2% 39.6% 40.3%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,294,837 1,370,860 1,426,470
EBITDA 1 116,893 90,336 143,049 94,354 161,253 146,879 192,990 210,882
EBIT 1 49,200 15,000 64,500 11,186 82,584 92,356 117,662 132,756
Net income 1 29,500 9,400 37,000 9,865 50,379 56,596 72,797 82,237
Net Debt 1 163,552 237,956 223,805 231,209 223,409 280,738 250,577 220,030
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,297.00 2,297.00 2,297.00
Nbr of stocks (in thousands) 262,996 263,009 263,018 263,028 262,837 262,846 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.46x1.09x5.77x3.2% 32.23B
14.05x1.02x5.72x3.91% 27.38B
9.3x1.18x5.72x3.16% 7.44B
10.33x1.04x6.09x2.75% 6.48B
9.74x - - 3.13% 6.41B
17.99x - - 3.12% 4.92B
10.34x0.68x6.02x3.9% 3.8B
8.33x0.87x4.11x3.69% 3.69B
133.23x - - - 2.6B
Average 25.31x 0.98x 5.57x 3.36% 10.55B
Weighted average by Cap. 16.37x 1.04x 5.71x 3.41%

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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