SUMITOMO CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,070 JPY | -0.51% |
|
-0.95% | +32.31% |
Valuation
| Fiscal Period: März | 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 | 4,973,292 | - | - |
| Enterprise Value (EV) 1 | 4,339,045 | 4,393,783 | 4,655,853 | 4,922,338 | 5,393,376 | 6,985,688 | 7,761,041 | 7,768,298 |
| P/E ratio | 5.96 x | 9.03 x | -12.9 x | 5.71 x | 5.17 x | 11.6 x | 9.35 x | 9.21 x |
| Yield | 4.9% | 6.46% | 4.44% | 5.19% | 4.91% | 3.42% | 3.22% | 3.5% |
| Capitalization / Revenue | 0.36 x | 0.29 x | 0.42 x | 0.48 x | 0.43 x | 0.65 x | 0.7 x | 0.7 x |
| EV / Revenue | 0.81 x | 0.83 x | 1 x | 0.9 x | 0.79 x | 1.01 x | 1.09 x | 1.09 x |
| EV / EBITDA | 11.2 x | 12.2 x | 21 x | 10.6 x | 8.89 x | 11.4 x | 11.3 x | 11.9 x |
| EV / FCF | 19.9 x | 35.7 x | 11.6 x | 20.2 x | 38.2 x | 17.9 x | 11.8 x | 24.4 x |
| FCF Yield | 5.01% | 2.8% | 8.61% | 4.94% | 2.62% | 5.58% | 8.47% | 4.1% |
| Price to Book | 0.69 x | 0.61 x | 0.78 x | 0.83 x | 0.76 x | 1 x | 1.04 x | 0.98 x |
| Nbr of stocks (in thousands) | 1,248,821 | 1,249,241 | 1,249,631 | 1,249,946 | 1,243,345 | 1,221,939 | - | - |
| Reference price 2 | 1,531 | 1,239 | 1,577 | 2,119 | 2,341 | 4,070 | 4,070 | 4,070 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | 5/2/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 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 | 6,910,302 | 7,097,471 | 7,125,220 |
| EBITDA 1 | 387,478 | 361,573 | 221,432 | 466,025 | 606,764 | 615,066 | 684,500 | 654,700 |
| EBIT 1 | 275,640 | 196,233 | 50,526 | 295,662 | 423,015 | 414,894 | 464,814 | 443,646 |
| Operating Margin | 5.16% | 3.7% | 1.09% | 5.38% | 6.2% | 6% | 6.55% | 6.23% |
| Earnings before Tax (EBT) 1 | 404,017 | 251,922 | -94,215 | 590,019 | 722,918 | 527,646 | 655,695 | 682,646 |
| Net income 1 | 320,523 | 171,359 | -153,067 | 463,694 | 565,178 | 386,352 | 526,960 | 534,580 |
| Net margin | 6% | 3.23% | -3.3% | 8.44% | 8.29% | 5.59% | 7.42% | 7.5% |
| EPS 2 | 256.7 | 137.2 | -122.4 | 370.8 | 452.5 | 315.9 | 435.2 | 442.0 |
| Free Cash Flow 1 | 217,600 | 123,201 | 400,755 | 243,105 | 141,276 | 389,640 | 657,200 | 318,680 |
| FCF margin | 4.08% | 2.32% | 8.63% | 4.42% | 2.07% | 5.64% | 9.26% | 4.47% |
| FCF Conversion (EBITDA) | 56.16% | 34.07% | 180.98% | 52.17% | 23.28% | 63.35% | 96.01% | 48.68% |
| FCF Conversion (Net income) | 67.89% | 71.9% | - | 52.43% | 25% | 100.85% | 124.72% | 59.61% |
| Dividend per Share 2 | 75.00 | 80.00 | 70.00 | 110.0 | 115.0 | 125.0 | 131.2 | 142.5 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | 5/2/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 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 | 1,846,044 | 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 | 170,209 | 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 | 115,722 | 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% | 6.27% | 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 | 24,940 | 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 | -17,754 | - | - | - | - |
| 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% | -0.96% | - | - | - | - |
| 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 | -14.45 | - | - | - | - |
| 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 | 5/2/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 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 | 2,523,434 | 2,787,749 | 2,795,006 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.264 x | 7.871 x | 12.13 x | 4.879 x | 4.092 x | 4.103 x | 4.073 x | 4.269 x |
| Free Cash Flow 1 | 217,600 | 123,201 | 400,755 | 243,105 | 141,276 | 389,640 | 657,200 | 318,680 |
| ROE (net income / shareholders' equity) | 12% | 6.4% | -6% | 16.2% | 16.2% | 9.4% | 11.5% | 11% |
| ROA (Net income/ Total Assets) | 5.15% | 3.14% | -1.16% | 6.68% | 7.34% | 5.35% | 5.5% | 5.27% |
| Assets 1 | 6,222,624 | 5,456,998 | 13,166,714 | 6,940,311 | 7,696,209 | 7,222,883 | 9,581,092 | 10,136,140 |
| Book Value Per Share 2 | 2,219 | 2,036 | 2,023 | 2,558 | 3,063 | 3,638 | 3,908 | 4,161 |
| Cash Flow per Share 2 | 346.0 | 270.0 | 14.30 | 507.0 | 186.0 | 480.0 | 392.0 | 393.0 |
| Capex 1 | 112,000 | 76,935 | 66,342 | 69,716 | 70,295 | 93,380 | 120,000 | 90,064 |
| Capex / Sales | 2.1% | 1.45% | 1.43% | 1.27% | 1.03% | 1.35% | 1.69% | 1.26% |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | 5/2/24 | - | - |
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
4,070
JPY
Average target price
4,131
JPY
Spread / Average Target
+1.50%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +32.31% | 31.69B | |
| +54.28% | 78B | |
| +25.39% | 66.3B | |
| +18.80% | 46.45B | |
| +37.18% | 32.58B | |
| +13.84% | 21.21B | |
| +7.64% | 16.48B | |
| -5.27% | 12.94B | |
| +29.42% | 5.71B | |
| -28.04% | 5.6B |
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- Financials Sumitomo Corporation
