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 1 308,232 302,986 402,944 469,111 634,356 596,243 - -
Change - -1.7% 32.99% 16.42% 35.23% -6.01% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 887,176 849,918 820,068
Change - 14.66% 15.86% 11.74% 22.48% 3.43% -4.2% -3.51%
P/E Ratio 10.5x 32.2x 10.9x 47.5x 12.6x 10.3x 8.3x 7.36x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.8x 0.75x 0.71x
PEG - -0.5x 0x -0.6x 0x 0.7x 0.3x 0.6x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.45x 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 5.3x 4.44x 3.92x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.38x 7.35x 6.3x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 39.2x 14.2x 13.5x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 2.55% 7.04% 7.38%
Dividend per Share 2 55 35 58 58 77 89.16 107.8 124
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 3.93% 4.75% 5.46%
EPS 2 112 35.8 140.9 37.51 191.6 219.5 273.3 308.3
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.6% 39.4% 40.2%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,311,742 1,363,533 1,416,923
EBITDA 1 116,893 90,336 143,049 94,354 161,253 167,342 191,453 209,157
EBIT 1 49,200 15,000 64,500 11,186 82,584 94,595 115,557 130,087
Net income 1 29,500 9,400 37,000 9,865 50,379 57,704 71,801 80,681
Net Debt 1 163,552 237,956 223,805 231,209 223,409 290,933 253,675 223,825
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,268.50 2,268.50 2,268.50
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.38x0.68x5.32x3.92% 3.74B
12.72x0.96x5.15x3.77% 27.51B
12.93x0.99x5.55x4.08% 26.59B
10.45x1.29x6.41x2.74% 7.63B
9.64x - - 3.16% 6.3B
9.49x0.98x5.56x2.93% 6.04B
18.37x - - 2.27% 5.38B
8.82x0.88x4.02x3.59% 3.77B
156.06x - - - 3.03B
9.25x0.39x4.26x1.88% 2.04B
Average 25.81x 0.88x 5.18x 3.15% 9.2B
Weighted average by Cap. 16.88x 0.97x 5.37x 3.54%

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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