Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Sumitomo Rubber Industries

DB:108
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
108
DB
¥248B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Sumitomo Rubber Industries, Ltd., together with its subsidiaries, produces and sells rubber materials and industrial rubber products in Japan, rest of Asia, Europe, North America, and internationally. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Sumitomo Rubber Industries has significant price volatility in the past 3 months.
108 Share Price and Events
7 Day Returns
-6%
DB:108
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-27.6%
DB:108
-52.5%
DE Auto Components
-20.9%
DE Market
108 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sumitomo Rubber Industries (108) -6% -9.7% -25.5% -27.6% -50.6% -54.7%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 108 outperformed the Auto Components industry which returned -52.5% over the past year.
  • 108 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
108
Industry
5yr Volatility vs Market

Value

 Is Sumitomo Rubber Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sumitomo Rubber Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sumitomo Rubber Industries.

DB:108 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:108
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 30.86%) (106.54%))
1.583
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.58
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.583 * 6.33%)
9.63%

Discounted Cash Flow Calculation for DB:108 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sumitomo Rubber Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:108 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.63%)
2020 31,759.50 Analyst x4 28,969.53
2021 30,777.80 Analyst x5 25,607.84
2022 33,942.00 Analyst x3 25,759.69
2023 36,040.93 Est @ 6.18% 24,949.79
2024 37,558.87 Est @ 4.21% 23,716.53
2025 38,622.24 Est @ 2.83% 22,245.58
2026 39,342.49 Est @ 1.86% 20,669.78
2027 39,810.03 Est @ 1.19% 19,078.06
2028 40,094.62 Est @ 0.71% 17,526.52
2029 40,248.34 Est @ 0.38% 16,048.16
Present value of next 10 years cash flows ¥224,571.00
DB:108 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥40,248.34 × (1 + -0.39%) ÷ (9.63% – -0.39%)
¥400,084.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥400,084.68 ÷ (1 + 9.63%)10
¥159,525.15
DB:108 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥224,571.00 + ¥159,525.15
¥384,096.15
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥384,096.15 / 263.00
¥1460.42
DB:108 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:108 represents 0.00838x of TSE:5110
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00838x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,460.42 x 0.00838
€12.23
Value per share (EUR) From above. €12.23
Current discount Discount to share price of €7.90
= -1 x (€7.90 - €12.23) / €12.23
35.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sumitomo Rubber Industries is available for.
Intrinsic value
35%
Share price is €7.9 vs Future cash flow value of €12.23
Current Discount Checks
For Sumitomo Rubber Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sumitomo Rubber Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sumitomo Rubber Industries's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sumitomo Rubber Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sumitomo Rubber Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:108 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥45.90
TSE:5110 Share Price ** TSE (2020-04-06) in JPY ¥943
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sumitomo Rubber Industries.

DB:108 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5110 Share Price ÷ EPS (both in JPY)

= 943 ÷ 45.90

20.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sumitomo Rubber Industries is overvalued based on earnings compared to the DE Auto Components industry average.
  • Sumitomo Rubber Industries is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Sumitomo Rubber Industries's expected growth come at a high price?
Raw Data
DB:108 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
19.5%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:108 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.54x ÷ 19.5%

1.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sumitomo Rubber Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sumitomo Rubber Industries's assets?
Raw Data
DB:108 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥1,752.07
TSE:5110 Share Price * TSE (2020-04-06) in JPY ¥943
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:108 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5110 Share Price ÷ Book Value per Share (both in JPY)

= 943 ÷ 1,752.07

0.54x

* Primary Listing of Sumitomo Rubber Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sumitomo Rubber Industries is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Sumitomo Rubber Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Sumitomo Rubber Industries has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sumitomo Rubber Industries expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sumitomo Rubber Industries expected to grow at an attractive rate?
  • Sumitomo Rubber Industries's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Sumitomo Rubber Industries's earnings growth is expected to exceed the Germany market average.
  • Sumitomo Rubber Industries's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:108 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:108 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 19.5%
DB:108 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:108 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:108 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,038,500 80,748 36,100 1
2023-12-31 988,500 81,150 34,800 1
2022-12-31 922,350 92,055 36,078 6
2021-12-31 907,320 89,964 33,962 10
2020-12-31 885,190 92,155 31,735 10
2020-04-07
DB:108 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 893,310 91,458 12,072
2019-09-30 902,040 89,882 27,068
2019-06-30 898,170 87,853 28,346
2019-03-31 892,868 80,665 31,436
2018-12-31 894,243 82,820 36,246
2018-09-30 895,529 93,664 47,135
2018-06-30 899,841 95,793 48,772
2018-03-31 898,448 98,621 46,084
2017-12-31 877,866 76,109 46,979
2017-09-30 814,554 20,693
2017-06-30 786,507 81,180 25,686
2017-03-31 766,116 33,173

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sumitomo Rubber Industries's earnings are expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).
  • Sumitomo Rubber Industries's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:108 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Sumitomo Rubber Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:108 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 137.30 137.30 137.30 1.00
2023-12-31 132.30 132.30 132.30 1.00
2022-12-31 136.95 150.90 108.74 6.00
2021-12-31 128.78 142.20 100.38 11.00
2020-12-31 121.05 133.30 104.90 11.00
2020-04-07
DB:108 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 45.90
2019-09-30 102.65
2019-06-30 107.51
2019-03-31 119.27
2018-12-31 137.81
2018-09-30 181.04
2018-06-30 187.55
2018-03-31 177.28
2017-12-31 180.45
2017-09-30 78.94
2017-06-30 97.92
2017-03-31 126.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sumitomo Rubber Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sumitomo Rubber Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sumitomo Rubber Industries has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sumitomo Rubber Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sumitomo Rubber Industries's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sumitomo Rubber Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Sumitomo Rubber Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sumitomo Rubber Industries's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Sumitomo Rubber Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sumitomo Rubber Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:108 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 893,310.00 12,072.00 201,421.00
2019-09-30 902,040.00 27,068.00 201,309.00
2019-06-30 898,170.00 28,346.00 200,179.00
2019-03-31 892,868.00 31,436.00 199,711.00
2018-12-31 894,243.00 36,246.00 200,806.00
2018-09-30 895,529.00 47,135.00 200,370.00
2018-06-30 899,841.00 48,772.00 203,918.00
2018-03-31 898,448.00 46,084.00 204,278.00
2017-12-31 877,866.00 46,979.00 199,706.00
2017-09-30 814,554.00 20,693.00 164,226.00
2017-06-30 786,507.00 25,686.00 170,849.00
2017-03-31 766,116.00 33,173.00 175,810.00
2016-12-31 756,696.00 41,364.00 182,130.00
2016-09-30 819,059.00 54,761.00 230,738.00
2016-06-30 833,346.00 63,935.00 237,019.00
2016-03-31 846,159.00 64,891.00 242,097.00
2015-12-31 848,663.00 55,834.00 248,379.00
2015-09-30 851,872.00 60,207.00 253,512.00
2015-06-30 847,912.00 51,367.00 249,873.00
2015-03-31 832,097.00 50,023.00 243,361.00
2014-12-31 837,647.00 53,206.00 239,780.00
2014-09-30 824,455.00 51,776.00 233,938.00
2014-06-30 813,340.00 51,161.00 227,398.00
2014-03-31 807,458.00 46,678.00 226,417.00
2013-12-31 780,608.00 44,794.00 216,849.00
2013-09-30 742,270.00 37,177.00 208,411.00
2013-06-30 722,398.00 34,507.00 200,663.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sumitomo Rubber Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sumitomo Rubber Industries used its assets less efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Sumitomo Rubber Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sumitomo Rubber Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sumitomo Rubber Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sumitomo Rubber Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sumitomo Rubber Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sumitomo Rubber Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sumitomo Rubber Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sumitomo Rubber Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sumitomo Rubber Industries Company Filings, last reported 3 months ago.

DB:108 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 475,537.00 264,233.00 60,631.00
2019-09-30 451,468.00 307,072.00 80,088.00
2019-06-30 463,992.00 281,522.00 67,861.00
2019-03-31 472,326.00 292,023.00 78,489.00
2018-12-31 472,807.00 279,638.00 74,526.00
2018-09-30 467,574.00 294,814.00 65,744.00
2018-06-30 469,294.00 282,001.00 67,493.00
2018-03-31 472,586.00 292,498.00 81,090.00
2017-12-31 490,886.00 268,901.00 64,528.00
2017-09-30 464,291.00 283,969.00 66,791.00
2017-06-30 460,559.00 268,279.00 61,177.00
2017-03-31 452,216.00 266,290.00 65,116.00
2016-12-31 459,541.00 198,612.00 66,492.00
2016-09-30 412,406.00 229,494.00 64,161.00
2016-06-30 415,071.00 217,991.00 57,815.00
2016-03-31 438,431.00 239,295.00 52,565.00
2015-12-31 453,768.00 254,406.00 53,569.00
2015-09-30 431,872.00 307,479.00 39,087.00
2015-06-30 446,758.00 305,961.00 51,691.00
2015-03-31 426,993.00 312,395.00 52,846.00
2014-12-31 446,960.00 290,004.00 54,476.00
2014-09-30 388,069.00 308,885.00 49,134.00
2014-06-30 364,064.00 288,003.00 43,535.00
2014-03-31 355,461.00 301,363.00 49,866.00
2013-12-31 358,843.00 296,644.00 42,441.00
2013-09-30 317,890.00 307,118.00 34,557.00
2013-06-30 311,395.00 288,613.00 35,815.00
  • Sumitomo Rubber Industries's level of debt (54.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (65% vs 54.8% today).
  • Debt is well covered by operating cash flow (35.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Sumitomo Rubber Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sumitomo Rubber Industries has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sumitomo Rubber Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.83%
Current annual income from Sumitomo Rubber Industries dividends. Estimated to be 5.83% next year.
If you bought €2,000 of Sumitomo Rubber Industries shares you are expected to receive €117 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sumitomo Rubber Industries's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Sumitomo Rubber Industries's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:108 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:108 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 55.00 1.00
2023-12-31 55.00 1.00
2022-12-31 55.00 6.00
2021-12-31 55.00 11.00
2020-12-31 55.00 11.00
2020-04-07
DB:108 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-02-13 55.000 5.219
2019-11-07 55.000 4.121
2019-11-06 55.000 3.819
2019-08-08 55.000 4.337
2019-08-07 55.000 4.946
2019-03-27 55.000 4.346
2019-02-13 55.000 3.992
2018-11-08 60.000 4.148
2018-11-07 60.000 3.749
2018-08-08 60.000 3.656
2018-08-07 60.000 3.400
2018-03-30 60.000 3.224
2018-02-14 60.000 3.010
2017-11-08 55.000 2.678
2017-08-09 55.000 2.782
2017-08-08 55.000 2.912
2017-03-30 55.000 2.832
2017-02-14 55.000 2.924
2016-03-31 55.000 3.385
2016-02-12 55.000 3.339
2015-03-27 50.000 2.811
2015-02-12 50.000 2.386
2014-03-28 40.000 2.580
2014-02-13 40.000 2.981
2013-11-07 30.000 2.109
2013-08-07 30.000 2.083
2013-03-29 30.000 1.786
2013-02-14 30.000 2.049
2012-05-09 23.000 2.336
2012-03-29 23.000 2.090
2012-02-14 23.000 2.196
2011-11-09 16.000 1.739
2011-08-10 16.000 1.683
2011-05-10 16.000 1.656
2011-02-14 16.000 1.849
2010-11-12 16.000 1.858
2010-11-09 16.000 1.896
2010-08-12 16.000 1.948
2010-08-11 16.000 1.922
2010-05-07 16.000 1.887
2010-03-31 16.000 1.975
2010-02-12 16.000 2.132
2009-11-13 16.000 2.137
2009-11-09 16.000 2.099
2009-08-12 16.000 1.899

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sumitomo Rubber Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sumitomo Rubber Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sumitomo Rubber Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sumitomo Rubber Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sumitomo Rubber Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Satoru Yamamoto
TENURE AS CEO 1.1 years
CEO Bio

Mr. Satoru Yamamoto has been President and Chief Executive Officer at Sumitomo Rubber Industries Ltd. since March 2019 and was its General Manager of Asia Pacific Regional Headquarters since March 30, 2016. Mr. Yamamoto served as Senior Executive Officer of Sumitomo Rubber Industries Ltd. until March 2019 and served as its Executive Officer. He serves as a Director at Sumitomo Rubber Industries Ltd.

CEO Compensation
  • Insufficient data for Satoru to compare compensation growth.
  • Insufficient data for Satoru to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Sumitomo Rubber Industries management team in years:

3.3
Average Tenure
63
Average Age
  • The tenure for the Sumitomo Rubber Industries management team is about average.
Management Team

Satoru Yamamoto

TITLE
President
TENURE
1.1 yrs

Yasutaka Ii

TITLE
Managing Executive Officer
TENURE
2.3 yrs

Minoru Nishi

TITLE
Representative Director & Executive VP

Mitsuteru Tanigawa

TITLE
Senior Executive Officer & Director
AGE
63

Naofumi Harada

TITLE
Senior Executive Officer & Director
TENURE
4.3 yrs

Kiyoshige Muraoka

TITLE
Senior Executive Officer

Kazuo Kinameri

TITLE
Representative Director & Executive VP
AGE
63

Yutaka Kuroda

TITLE
Senior Executive Officer
TENURE
4.1 yrs

Hiroki Ishida

TITLE
Senior Executive Officer & Director

Naoki Yamada

TITLE
Senior Executive Officer
AGE
69
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure of the Sumitomo Rubber Industries board of directors in years:

1.1
Average Tenure
  • The average tenure for the Sumitomo Rubber Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ikuji Ikeda

TITLE
Chairman of the Board
COMPENSATION
¥103M
TENURE
1.1 yrs

Satoru Yamamoto

TITLE
President

Yasutaka Ii

TITLE
Managing Executive Officer

Minoru Nishi

TITLE
Representative Director & Executive VP

Mitsuteru Tanigawa

TITLE
Senior Executive Officer & Director
AGE
63
TENURE
1.1 yrs

Naofumi Harada

TITLE
Senior Executive Officer & Director
TENURE
2.3 yrs

Kazuo Kinameri

TITLE
Representative Director & Executive VP
AGE
63
TENURE
2.3 yrs

Yutaka Kuroda

TITLE
Senior Executive Officer

Hiroki Ishida

TITLE
Senior Executive Officer & Director

Takashi Kono

TITLE
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sumitomo Rubber Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sumitomo Rubber Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Sumitomo Rubber Industries, Ltd., together with its subsidiaries, produces and sells rubber materials and industrial rubber products in Japan, rest of Asia, Europe, North America, and internationally. The company operates through three segments: Tires, Sports, and Industrial and Other Products. The Tires segment manufactures and sells a range of tires for various vehicles, such as passenger cars, trucks, buses, motorcycles, construction vehicles, agricultural vehicles, race and rally cars, and new transportation systems, as well as for industrial vehicles; and aluminum wheels. This segment offers its products under the Dunlop and Falken brands. The Sports segment produces and sells various sporting goods, including golf goods, such as golf clubs, balls, bags, gloves, and shoes; and tennis goods comprising tennis balls, rackets, bags, and shoes. This segment offers its golf products under the XXIO, SRIXON, and Cleveland Golf brand names; and tennis equipment under the Dunlop and SRIXON brand names. The Industrial and Other Products segment offers medical rubber parts, precision rubber parts for office equipment, vibration control dampers, floor coating materials, marine fenders, rubber valves, artificial turf for sporting use, rubber gloves, rubber gas tubes, and portable ramps for wheelchair use. This segment also provides dock fenders, high damping rubbers, flexible rubber joints, marine-pollution preventive screens, rubber hoses, and medical rubber stoppers. The company was formerly known as Dunlop Rubber Company (Far East) Ltd. and changed its name to Sumitomo Rubber Industries, Ltd. in 1963. Sumitomo Rubber Industries, Ltd. was founded in 1909 and is headquartered in Kobe, Japan.

Details
Name: Sumitomo Rubber Industries, Ltd.
108
Exchange: DB
Founded: 1909
¥2,103,623,416
263,003,558
Website: http://www.srigroup.co.jp
Address: Sumitomo Rubber Industries, Ltd.
3-6-9, Wakinohama-cho,
Chuo-ku,
Kobe,
Hyogo, 651-0072,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5110 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SMTU.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB 108 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK SMTU.Y ADR Pink Sheets LLC US USD 04. Aug 2014
Number of employees
Current staff
Staff numbers
37,852
Sumitomo Rubber Industries employees.
Industry
Tires and Rubber
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:34
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.