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 1 308,232 302,986 402,944 469,111 634,356 580,341 - -
Change - -1.7% 32.99% 16.42% 35.23% -8.51% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 859,105 834,819 804,344
Change - 14.66% 15.86% 11.74% 22.48% 0.16% -2.83% -3.65%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10x 8.12x 7.14x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.78x 0.73x 0.69x
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 0.44x 0.43x 0.41x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.65x 0.61x 0.57x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.12x 4.35x 3.82x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 8.99x 7.21x 6.13x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 38x 16.4x 13.3x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 2.63% 6.09% 7.53%
Dividend per Share 2 55 35 58 58 77 88.86 107.6 124.7
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 4.02% 4.87% 5.65%
EPS 2 112 35.8 140.9 37.51 191.6 219.8 271.9 309.2
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.4% 39.6% 40.3%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,312,435 1,364,906 1,419,256
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 95,595 115,799 131,271
Net income 1 29,500 9,400 37,000 9,865 50,379 57,788 71,445 80,915
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 2,208.00 2,208.00 2,208.00
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.($)
13.62x1.01x5.42x3.5% 28.97B
13.84x1.04x5.74x3.83% 27.3B
10.2x1.28x6.24x2.82% 7.59B
9.55x - - 3.19% 6.24B
9.98x1.02x5.92x2.83% 6.24B
15.99x - - 3.66% 4.16B
9.26x0.93x4.26x3.44% 3.9B
35.37x1.88x10.66x1.89% 2.46B
-18.12x0.41x4.88x-.--% 2.09B
Average 11.08x 1.08x 6.16x 2.8% 9.88B
Weighted average by Cap. 12.63x 1.05x 5.74x 3.35%

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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