SUMITOMO CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,909 JPY | +1.35% |
|
+5.05% | +27.08% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,911,945 | 1,547,810 | 1,970,669 | 2,648,635 | 2,910,670 | 4,776,274 | - | - |
| Enterprise Value (EV) 1 | 4,339,045 | 4,393,783 | 4,655,853 | 4,922,338 | 5,393,376 | 7,378,757 | 7,355,513 | 7,512,185 |
| P/E ratio | 5.96 x | 9.03 x | -12.9 x | 5.71 x | 5.17 x | 9.62 x | 9.61 x | 9.13 x |
| Yield | 4.9% | 6.46% | 4.44% | 5.19% | 4.91% | 3.24% | 3.42% | 3.61% |
| Capitalization / Revenue | 0.36 x | 0.29 x | 0.42 x | 0.48 x | 0.43 x | 0.7 x | 0.7 x | 0.68 x |
| EV / Revenue | 0.81 x | 0.83 x | 1 x | 0.9 x | 0.79 x | 1.08 x | 1.07 x | 1.07 x |
| EV / EBITDA | 11.2 x | 12.2 x | 21 x | 10.6 x | 8.89 x | 13.2 x | 11.9 x | 12 x |
| EV / FCF | 19.9 x | 35.7 x | 11.6 x | 20.2 x | 38.2 x | 36.1 x | 24.2 x | 24.7 x |
| FCF Yield | 5.01% | 2.8% | 8.61% | 4.94% | 2.62% | 2.77% | 4.13% | 4.05% |
| Price to Book | 0.69 x | 0.61 x | 0.78 x | 0.83 x | 0.76 x | 1.1 x | 1.03 x | 0.96 x |
| Nbr of stocks (in thousands) | 1,248,821 | 1,249,241 | 1,249,631 | 1,249,946 | 1,243,345 | 1,221,866 | - | - |
| Reference price 2 | 1,531 | 1,239 | 1,577 | 2,119 | 2,341 | 3,909 | 3,909 | 3,909 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,339,238 | 5,299,814 | 4,645,059 | 5,495,015 | 6,817,872 | 6,825,204 | 6,868,352 | 7,047,019 |
| EBITDA 1 | 387,478 | 361,573 | 221,432 | 466,025 | 606,764 | 557,215 | 615,903 | 623,800 |
| EBIT 1 | 275,640 | 196,233 | 50,526 | 295,662 | 423,015 | 392,197 | 405,464 | 419,930 |
| Operating Margin | 5.16% | 3.7% | 1.09% | 5.38% | 6.2% | 5.75% | 5.9% | 5.96% |
| Earnings before Tax (EBT) 1 | 404,017 | 251,922 | -94,215 | 590,019 | 722,918 | 647,467 | 629,454 | 658,989 |
| Net income 1 | 320,523 | 171,359 | -153,067 | 463,694 | 565,178 | 500,886 | 493,547 | 515,978 |
| Net margin | 6% | 3.23% | -3.3% | 8.44% | 8.29% | 7.34% | 7.19% | 7.32% |
| EPS 2 | 256.7 | 137.2 | -122.4 | 370.8 | 452.5 | 406.3 | 407.0 | 428.0 |
| Free Cash Flow 1 | 217,600 | 123,201 | 400,755 | 243,105 | 141,276 | 204,320 | 303,760 | 304,400 |
| FCF margin | 4.08% | 2.32% | 8.63% | 4.42% | 2.07% | 2.99% | 4.42% | 4.32% |
| FCF Conversion (EBITDA) | 56.16% | 34.07% | 180.98% | 52.17% | 23.28% | 36.67% | 49.32% | 48.8% |
| FCF Conversion (Net income) | 67.89% | 71.9% | - | 52.43% | 25% | 40.79% | 61.55% | 58.99% |
| Dividend per Share 2 | 75.00 | 80.00 | 70.00 | 110.0 | 115.0 | 126.5 | 133.5 | 141.1 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,636,602 | 2,147,712 | 1,277,099 | 2,543,079 | 1,402,043 | 1,549,893 | 2,951,936 | 1,615,201 | 1,739,150 | 3,354,351 | 1,715,711 | 1,747,810 | 1,671,393 | 1,672,441 | 3,343,834 | 1,720,424 | 1,666,916 | 1,654,087 | 1,660,484 | 1,703,752 | 1,654,316 |
| EBITDA 1 | - | - | 127,316 | - | 117,744 | 109,160 | - | 151,937 | 181,263 | - | 147,027 | 126,537 | 133,913 | 160,802 | - | 150,142 | 165,480 | 147,537 | 178,294 | 172,493 | 109,186 |
| EBIT 1 | 123,173 | 37,170 | 85,667 | 154,998 | 73,593 | 67,071 | 140,664 | 107,395 | 135,223 | 242,618 | 100,108 | 80,289 | 87,832 | 111,519 | 199,351 | 99,821 | 114,161 | 93,276 | 125,655 | 121,409 | 50,125 |
| Operating Margin | 4.67% | 1.73% | 6.71% | 6.09% | 5.25% | 4.33% | 4.77% | 6.65% | 7.78% | 7.23% | 5.83% | 4.59% | 5.26% | 6.67% | 5.96% | 5.8% | 6.85% | 5.64% | 7.57% | 7.13% | 3.03% |
| Earnings before Tax (EBT) 1 | 201,227 | -39,655 | 160,647 | 298,374 | 127,013 | 164,632 | 291,645 | 202,133 | 242,387 | 444,520 | 156,756 | 121,642 | 159,108 | 188,187 | 347,295 | 155,411 | 121,789 | 141,748 | 161,949 | 109,724 | 171,828 |
| Net income 1 | 152,424 | -60,203 | 133,734 | 241,036 | 94,095 | 128,563 | 222,658 | 155,228 | 194,985 | 350,213 | 114,046 | 100,919 | 129,420 | 155,465 | 284,885 | 119,221 | 101,899 | 108,717 | 125,458 | 82,179 | 133,645 |
| Net margin | 5.78% | -2.8% | 10.47% | 9.48% | 6.71% | 8.29% | 7.54% | 9.61% | 11.21% | 10.44% | 6.65% | 5.77% | 7.74% | 9.3% | 8.52% | 6.93% | 6.11% | 6.57% | 7.56% | 4.82% | 8.08% |
| EPS 2 | 122.0 | -48.15 | 106.9 | 192.8 | 75.24 | 102.8 | 178.0 | 124.1 | 155.9 | 280.0 | 91.18 | 81.32 | 105.6 | 127.2 | 232.8 | 97.56 | 66.21 | 88.98 | 102.7 | 67.26 | 109.4 |
| Dividend per Share 2 | 45.00 | 35.00 | 45.00 | 45.00 | - | 65.00 | - | - | 57.50 | 57.50 | - | 57.50 | - | 62.50 | 62.50 | - | 62.50 | - | 65.00 | - | 65.00 |
| Announcement Date | 11/1/19 | 11/6/20 | 11/4/21 | 11/4/21 | 2/4/22 | 5/10/22 | 5/10/22 | 8/3/22 | 11/4/22 | 11/4/22 | 2/6/23 | 5/9/23 | 8/3/23 | 11/2/23 | 11/2/23 | 2/5/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,427,100 | 2,845,973 | 2,685,184 | 2,273,703 | 2,482,706 | 2,602,483 | 2,579,239 | 2,735,912 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.264 x | 7.871 x | 12.13 x | 4.879 x | 4.092 x | 4.671 x | 4.188 x | 4.386 x |
| Free Cash Flow 1 | 217,600 | 123,201 | 400,755 | 243,105 | 141,276 | 204,320 | 303,760 | 304,400 |
| ROE (net income / shareholders' equity) | 12% | 6.4% | -6% | 16.2% | 16.2% | 12.5% | 11% | 10.9% |
| ROA (Net income/ Total Assets) | 5.15% | 3.14% | -1.16% | 6.68% | 7.34% | 5.17% | 5.01% | 5.21% |
| Assets 1 | 6,222,624 | 5,456,998 | 13,166,714 | 6,940,311 | 7,696,209 | 9,692,825 | 9,845,333 | 9,896,005 |
| Book Value Per Share 2 | 2,219 | 2,036 | 2,023 | 2,558 | 3,063 | 3,549 | 3,799 | 4,085 |
| Cash Flow per Share 2 | 346.0 | 270.0 | 14.30 | 507.0 | 186.0 | 364.0 | 392.0 | 393.0 |
| Capex 1 | 112,000 | 76,935 | 66,342 | 69,716 | 70,295 | 123,814 | 89,420 | 90,064 |
| Capex / Sales | 2.1% | 1.45% | 1.43% | 1.27% | 1.03% | 1.81% | 1.3% | 1.28% |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
3,909
JPY
Average target price
3,856
JPY
Spread / Average Target
-1.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +27.08% | 30.34B | |
| +56.60% | 91.85B | |
| +41.92% | 71.52B | |
| +19.61% | 63.05B | |
| +8.10% | 42.1B | |
| +16.39% | 21.62B | |
| +16.68% | 17.92B | |
| -3.76% | 12.84B | |
| +2.43% | 5.92B | |
| -27.24% | 5.61B |
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- Financials Sumitomo Corporation
