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 1,072,682 - -
Change - 11.72% 57.14% 4.34% 75% 13.04% - -
Enterprise Value (EV) 1 425,744 493,846 891,439 980,238 1,377,283 1,471,272 1,405,344 1,320,798
Change - 16% 80.51% 9.96% 40.5% 6.82% -4.48% -6.02%
P/E 4.51x 7.19x 7.71x 7.27x 9x 8.02x 7.75x 6.84x
PBR 0.56x 0.54x 0.7x 0.61x 0.92x 0.94x 0.86x 0.78x
PEG - -0.2x 0.2x 0.6x 0.2x 0.3x 2.21x 0.5x
Capitalization / Revenue 0.44x 0.38x 0.53x 0.5x 0.77x 0.8x 0.77x 0.74x
EV / Revenue 0.63x 0.57x 0.9x 0.9x 1.12x 1.1x 1.01x 0.91x
EV / EBITDA 3.3x 4.16x 5.58x 5.29x 6.08x 5.22x 4.87x 4.23x
EV / EBIT 5.09x 7.17x 8.88x 8.22x 9.01x 7.09x 6.66x 5.67x
EV / FCF 6.67x -69.3x -4.84x 10.5x - 20.8x 12.8x 9.86x
FCF Yield 15% -1.44% -20.7% 9.5% - 4.8% 7.83% 10.1%
Dividend per Share 2 65 66 84 50 134 238.2 279.9 343.4
Rate of return 3.53% 3.21% 2.6% 1.47% 2.23% 3.5% 4.12% 5.05%
EPS 2 408.5 286.4 419.3 467.8 668.6 847.4 877.2 994.8
Distribution rate 15.9% 23% 20% 10.7% 20% 28.1% 31.9% 34.5%
Net sales 1 670,809 860,477 985,333 1,094,700 1,234,959 1,339,196 1,390,535 1,448,580
EBITDA 1 129,196 118,765 159,845 185,314 226,523 281,639 288,311 312,192
EBIT 1 83,636 68,851 100,351 119,200 152,901 207,604 211,156 232,870
Net income 1 65,500 45,918 67,234 74,900 105,398 132,941 136,499 152,202
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 6,800.00 6,800.00 6,800.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.02x1.1x5.22x3.5% 6.8B
13.06x1x5.31x3.55% 30.07B
13.77x1x5.62x3.99% 26.04B
14.33x1.23x5.34x4.01% 8.11B
9.79x1x5.71x3.03% 6.21B
8.66x - - 3.51% 5.71B
23.64x1.55x11.74x0.19% 5.44B
5.56x0.48x3.02x5.26% 5.38B
18.66x - - 3% 5.13B
25.99x3.27x15.53x0.87% 4.28B
Average 14.15x 1.33x 7.19x 3.09% 10.32B
Weighted average by Cap. 13.55x 1.13x 6.14x 3.43%

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

  1. Stock Market
  2. Stocks
  3. 5101 Stock
  4. Valuation The Yokohama Rubber Company, Limited