Company Valuation: Kubota Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,042,694 2,160,720 2,493,899 2,114,387 2,520,306 3,054,777 - -
Change - -28.99% 15.42% -15.22% 19.2% 21.21% - -
Enterprise Value (EV) 1 3,878,564 3,546,026 4,261,988 4,097,334 4,485,426 4,891,245 4,780,524 4,622,186
Change - -8.57% 20.19% -3.86% 9.47% 9.05% -2.26% -3.31%
P/E 17.5x 13.9x 10.5x 9.31x 13.6x 11.6x 12x 11x
PBR 1.83x 1.15x 1.15x 0.85x 0.96x 1.1x 1.03x 0.96x
PEG - -1.4x 0.2x -4.55x -0.8x 0.3x -3.42x 1.23x
Capitalization / Revenue 1.39x 0.81x 0.83x 0.7x 0.83x 0.94x 0.89x 0.87x
EV / Revenue 1.77x 1.32x 1.41x 1.36x 1.49x 1.5x 1.4x 1.31x
EV / EBITDA 12.2x 11.7x 9.77x 9.4x 11.3x 9.69x 9.3x 8.47x
EV / EBIT 15.8x 16.2x 13x 13x 16.9x 13.1x 13.1x 11.9x
EV / FCF -111x -10.9x 27.3x 125x 44.8x 29.7x 24.3x 24.2x
FCF Yield -0.9% -9.2% 3.66% 0.8% 2.23% 3.37% 4.12% 4.14%
Dividend per Share 2 42 44 48 50 50 53.75 62.78 67.29
Rate of return 1.64% 2.42% 2.26% 2.72% 2.26% 1.98% 2.31% 2.48%
EPS 2 145.5 130.8 201.7 197.6 163.4 234.8 226.5 246.7
Distribution rate 28.9% 33.6% 23.8% 25.3% 30.6% 22.9% 27.7% 27.3%
Net sales 1 2,196,766 2,678,772 3,020,711 3,016,281 3,018,891 3,254,710 3,415,583 3,530,953
EBITDA 1 317,908 304,155 436,099 436,097 395,946 504,529 514,074 545,441
EBIT 1 246,207 218,942 328,829 315,636 265,470 373,620 365,741 388,836
Net income 1 175,637 156,182 238,455 230,437 186,687 262,317 257,544 278,589
Net Debt 1 835,870 1,385,306 1,768,089 1,982,947 1,965,120 1,836,468 1,725,747 1,567,409
Reference price 2 2,553.50 1,817.00 2,122.50 1,839.00 2,216.50 2,712.00 2,712.00 2,712.00
Nbr of stocks (in thousands) 1,191,578 1,189,169 1,174,982 1,149,748 1,137,065 1,126,393 - -
Announcement Date 2/14/22 A 2/14/23 A 2/14/24 A 2/13/25 A 2/12/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.55x1.5x9.69x1.98% 19.22B
21.97x2.08x17.1x2.49% 68.97B
12.22x1.13x11.34x4.27% 40.3B
16.32x1.62x9.24x2.77% 39.62B
32.15x4.66x18.64x1.55% 31.87B
23.04x2.15x11.67x2.06% 19.35B
24.79x2.75x14.82x2.43% 16.92B
13.83x - - 0.7% 16.81B
27.63x0.92x15.96x1.43% 14.69B
15.89x2.45x9.55x0.88% 11B
Average 19.94x 2.14x 13.11x 2.05% 27.87B
Weighted average by Cap. 20.02x 2.14x 13.74x 2.38%

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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