Company Valuation: The Yokohama Rubber Company, Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 296,015 330,717 519,696 542,238 948,904 1,009,740 - -
Change - 11.72% 57.14% 4.34% 75% 6.41% - -
Enterprise Value (EV) 1 425,744 493,846 891,439 980,238 1,377,283 1,408,331 1,342,402 1,257,856
Change - 16% 80.51% 9.96% 40.5% 2.25% -4.68% -6.3%
P/E 4.51x 7.19x 7.71x 7.27x 9x 7.95x 7.29x 6.42x
PBR 0.56x 0.54x 0.7x 0.61x 0.92x 0.88x 0.81x 0.73x
PEG - -0.2x 0.2x 0.6x 0.2x 0.4x 0.81x 0.5x
Capitalization / Revenue 0.44x 0.38x 0.53x 0.5x 0.77x 0.76x 0.73x 0.7x
EV / Revenue 0.63x 0.57x 0.9x 0.9x 1.12x 1.06x 0.97x 0.87x
EV / EBITDA 3.3x 4.16x 5.58x 5.29x 6.08x 5.09x 4.64x 4.01x
EV / EBIT 5.09x 7.17x 8.88x 8.22x 9.01x 6.97x 6.35x 5.39x
EV / FCF 6.67x -69.3x -4.84x 10.5x -13x 19.9x 13.5x 9.39x
FCF Yield 15% -1.44% -20.7% 9.5% -7.67% 5.01% 7.43% 10.6%
Dividend per Share 2 65 66 84 50 134 232.9 279.9 343.4
Rate of return 3.53% 3.21% 2.6% 1.47% 2.23% 3.64% 4.37% 5.36%
EPS 2 408.5 286.4 419.3 467.8 668.6 804.7 877.6 997.2
Distribution rate 15.9% 23% 20% 10.7% 20% 28.9% 31.9% 34.4%
Net sales 1 670,809 860,477 985,333 1,094,700 1,234,959 1,334,681 1,390,725 1,448,840
EBITDA 1 129,196 118,765 159,845 185,314 226,523 276,918 289,213 313,966
EBIT 1 83,636 68,851 100,351 119,200 152,901 202,124 211,286 233,525
Net income 1 65,500 45,918 67,234 74,900 105,398 126,365 136,563 152,582
Net Debt 1 129,729 163,129 371,743 438,000 428,379 398,590 332,662 248,116
Reference price 2 1,843.00 2,058.00 3,233.00 3,400.00 6,017.00 6,401.00 6,401.00 6,401.00
Nbr of stocks (in thousands) 160,616 160,698 160,747 159,482 157,704 157,747 - -
Announcement Date 2/17/22 2/17/23 2/16/24 2/19/25 2/19/26 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.95x1.06x5.09x3.64% 6.44B
13.73x1.05x5.6x3.35% 31.63B
13.26x0.93x5.26x4.24% 23.73B
14.44x1.22x5.31x4.02% 7.98B
9.02x0.93x5.29x3.28% 5.76B
5.6x0.48x3.01x4.97% 5.53B
8x - - 3.8% 5.31B
23.53x1.49x11.49x0.2% 5.27B
15.32x - - 3.15% 4.91B
25.81x3.26x15.56x0.88% 4.3B
Average 13.67x 1.30x 7.08x 3.15% 10.09B
Weighted average by Cap. 13.39x 1.12x 6.09x 3.46%

Y-o-Y evolution of P/E

Valuation ratios - P/E - The Yokohama Rubber Company, Limited

Historical PBR trend

Valuation ratios - PBR - The Yokohama Rubber Company, Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - The Yokohama Rubber Company, Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - The Yokohama Rubber Company, Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - The Yokohama Rubber Company, Limited
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