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 1 308,232 302,986 402,944 469,111 634,356 589,696 - -
Change - -1.7% 32.99% 16.42% 35.23% -7.04% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 870,427 840,273 809,751
Change - 14.66% 15.86% 11.74% 22.48% 1.48% -3.46% -3.63%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10.4x 8.43x 7.43x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.82x 0.77x 0.72x
PEG - -0.5x 0x -0.6x 0x 0.7x 0.4x 0.6x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.46x 0.43x 0.41x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.67x 0.61x 0.57x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.96x 4.35x 3.84x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9.44x 7.21x 6.14x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 30.3x 13.7x 11.2x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 3.3% 7.31% 8.97%
Dividend per Share 2 55 35 58 58 77 89.63 108.6 125.7
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 3.88% 4.7% 5.44%
EPS 2 112 35.8 140.9 37.51 191.6 222.1 274.2 311.2
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.4% 39.6% 40.4%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,294,683 1,369,802 1,424,613
EBITDA 1 116,893 90,336 143,049 94,354 161,253 146,100 193,011 210,898
EBIT 1 49,200 15,000 64,500 11,186 82,584 92,242 116,620 131,815
Net income 1 29,500 9,400 37,000 9,865 50,379 56,370 72,076 81,457
Net Debt 1 163,552 237,956 223,805 231,209 223,409 280,731 250,577 220,055
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,311.00 2,311.00 2,311.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.29x0.68x5.24x4.24% 3.81B
14.39x1.09x5.74x3.22% 31.77B
13.79x1.01x5.62x3.97% 26.69B
9.62x1.26x6.1x3.12% 7.56B
10.38x1.05x6.12x2.74% 6.5B
9.86x - - 3.09% 6.47B
17.93x - - 3.12% 4.89B
8.44x0.86x4.06x3.72% 3.65B
130.03x - - - 2.53B
33.76x1.81x10.29x2.02% 2.37B
Average 25.85x 1.11x 6.17x 3.25% 9.62B
Weighted average by Cap. 16.58x 1.07x 5.80x 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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