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 1 308,232 302,986 402,944 469,111 634,356 575,085 - -
Change - -1.7% 32.99% 16.42% 35.23% -9.34% - -
Enterprise Value (EV) 1 471,784 540,942 626,749 700,320 857,765 853,849 829,563 799,087
Change - 14.66% 15.86% 11.74% 22.48% -0.46% -2.84% -3.67%
P/E 10.5x 32.2x 10.9x 47.5x 12.6x 10x 8.03x 7.1x
PBR 0.61x 0.55x 0.65x 0.71x 0.89x 0.77x 0.73x 0.68x
PEG - -0.5x 0x -0.6x 0x 0.7x 0.3x 0.5x
Capitalization / Revenue 0.33x 0.28x 0.34x 0.39x 0.53x 0.44x 0.42x 0.41x
EV / Revenue 0.5x 0.49x 0.53x 0.58x 0.71x 0.65x 0.61x 0.56x
EV / EBITDA 4.04x 5.99x 4.38x 7.42x 5.32x 5.09x 4.32x 3.8x
EV / EBIT 9.59x 36.1x 9.72x 62.6x 10.4x 9x 7.15x 6.1x
EV / FCF 52x -10.6x 6.31x 26.7x -23.7x 37.8x 16.3x 13.2x
FCF Yield 1.92% -9.4% 15.9% 3.75% -4.21% 2.65% 6.13% 7.58%
Dividend per Share 2 55 35 58 58 77 89.16 107.8 124.3
Rate of return 4.69% 3.04% 3.79% 3.25% 3.19% 4.08% 4.93% 5.68%
EPS 2 112 35.8 140.9 37.51 191.6 218.4 272.5 308.2
Distribution rate 49.1% 97.8% 41.2% 155% 40.2% 40.8% 39.6% 40.3%
Net sales 1 936,000 1,098,700 1,177,400 1,211,856 1,207,061 1,314,251 1,364,452 1,418,138
EBITDA 1 116,893 90,336 143,049 94,354 161,253 167,642 192,103 210,379
EBIT 1 49,200 15,000 64,500 11,186 82,584 94,845 116,015 130,921
Net income 1 29,500 9,400 37,000 9,865 50,379 57,403 71,583 80,642
Net Debt 1 163,552 237,956 223,805 231,209 223,409 278,764 254,478 224,002
Reference price 2 1,172.00 1,152.00 1,532.00 1,783.50 2,413.50 2,188.00 2,188.00 2,188.00
Nbr of stocks (in thousands) 262,996 263,009 263,018 263,028 262,837 262,836 - -
Announcement Date 2/9/22 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.($)
10.14x0.65x5.13x4.03% 3.6B
12.74x0.97x5.17x3.72% 27.61B
13.85x1.03x5.74x3.85% 27.21B
9.88x1.24x6.08x2.88% 7.39B
9.41x - - 3.24% 6.14B
9.26x0.95x5.52x3.05% 5.79B
12.97x - - 5.23% 4.66B
8.79x0.88x4.02x3.63% 3.72B
134.46x - - - 2.6B
39.46x1.69x9.91x2.09% 2.09B
Average 26.10x 1.06x 5.94x 3.53% 9.08B
Weighted average by Cap. 16.24x 1.02x 5.56x 3.66%

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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