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Sumitomo

DB:SUMA
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUMA
DB
¥2,100B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Sumitomo Corporation imports, exports, and sells various goods and commodities worldwide. The last earnings update was 15 days ago. More info.


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SUMA Share Price and Events
7 Day Returns
1.5%
DB:SUMA
-0.3%
DE Trade Distributors
0%
DE Market
1 Year Returns
3.8%
DB:SUMA
8.5%
DE Trade Distributors
9.9%
DE Market
SUMA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sumitomo (SUMA) 1.5% 0% 5.4% 3.8% 25.9% 65.8%
DE Trade Distributors -0.3% 10.2% 15.4% 8.5% -3.8% 2.3%
DE Market 0% 4.5% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • SUMA underperformed the Trade Distributors industry which returned 8.5% over the past year.
  • SUMA underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
SUMA
Industry
5yr Volatility vs Market

Value

 Is Sumitomo 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 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.

DB:SUMA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:SUMA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.949 (1 + (1- 30.86%) (175.6%))
1.737
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.74
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.737 * 5.96%)
10.58%

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

The calculations below outline how an intrinsic value for Sumitomo 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:SUMA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.58%)
2020 267,520.00 Analyst x5 241,916.96
2021 169,160.00 Analyst x5 138,330.45
2022 164,260.00 Analyst x5 121,468.03
2023 152,000.00 Analyst x1 101,644.49
2024 155,000.00 Analyst x1 93,730.73
2025 151,398.14 Est @ -2.32% 82,790.57
2026 149,038.98 Est @ -1.56% 73,700.48
2027 147,515.25 Est @ -1.02% 65,965.58
2028 146,560.44 Est @ -0.65% 59,266.23
2029 145,996.65 Est @ -0.38% 53,387.98
Present value of next 10 years cash flows ¥1,032,201.00
DB:SUMA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥145,996.65 × (1 + 0.23%) ÷ (10.58% – 0.23%)
¥1,413,074.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,413,074.47 ÷ (1 + 10.58%)10
¥516,732.35
DB:SUMA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,032,201.00 + ¥516,732.35
¥1,548,933.35
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,548,933.35 / 1,249.24
¥1239.9
DB:SUMA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SUMA represents 0.00827x of TSE:8053
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00827x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,239.90 x 0.00827
€10.25
Value per share (EUR) From above. €10.25
Current discount Discount to share price of €13.90
= -1 x (€13.90 - €10.25) / €10.25
-35.6%

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

  • The current share price of Sumitomo is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sumitomo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SUMA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥235.12
TSE:8053 Share Price ** TSE (2019-11-15) in JPY ¥1681
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 15.38x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 19.43x

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

** Primary Listing of Sumitomo.

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

= TSE:8053 Share Price ÷ EPS (both in JPY)

= 1681 ÷ 235.12

7.15x

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

  • Sumitomo is good value based on earnings compared to the DE Trade Distributors industry average.
  • Sumitomo is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sumitomo's expected growth come at a high price?
Raw Data
DB:SUMA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
3%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.62x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.15x ÷ 3%

2.35x

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

  • Sumitomo is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sumitomo's assets?
Raw Data
DB:SUMA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥2,167.47
TSE:8053 Share Price * TSE (2019-11-15) in JPY ¥1681
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.84x
DB:SUMA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8053 Share Price ÷ Book Value per Share (both in JPY)

= 1681 ÷ 2,167.47

0.78x

* Primary Listing of Sumitomo.

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

  • Sumitomo is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Sumitomo'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Sumitomo has a total score of 3/6, 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 expected to perform in the next 1 to 3 years based on estimates from 7 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
3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sumitomo expected to grow at an attractive rate?
  • Sumitomo's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sumitomo's earnings growth is positive but not above the Germany market average.
  • Sumitomo's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SUMA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SUMA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 3%
DB:SUMA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.3%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:SUMA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SUMA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 6,686,200 405,000 334,000 1
2023-03-31 6,387,100 402,000 329,000 1
2022-03-31 5,684,284 366,165 325,025 5
2021-03-31 5,536,462 369,128 314,725 5
2020-03-31 5,404,703 468,988 299,500 5
2019-11-16
DB:SUMA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 5,495,923 246,100 293,598
2019-06-30 5,421,566 360,102 308,876
2019-03-31 5,339,238 268,883 320,491
2018-12-31 5,181,779 250,141 297,432
2018-09-30 5,013,734 334,266 332,543
2018-06-30 4,933,962 260,898 321,652
2018-03-31 4,827,323 295,264 308,521
2017-12-31 4,620,616 285,457 312,245
2017-09-30 4,431,592 220,780 260,404
2017-06-30 4,200,097 218,244 226,453
2017-03-31 3,996,974 345,788 170,889
2016-12-31 4,153,476 431,094 124,742

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sumitomo's earnings are expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
  • Sumitomo's revenue is expected to grow by 4.3% 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:SUMA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Sumitomo Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SUMA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 267.00 267.00 267.00 1.00
2023-03-31 263.00 263.00 263.00 1.00
2022-03-31 261.77 290.11 248.20 8.00
2021-03-31 252.94 278.19 240.00 8.00
2020-03-31 239.71 243.41 236.00 2.00
2019-11-16
DB:SUMA Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 235.12
2019-06-30 247.36
2019-03-31 256.68
2018-12-31 238.22
2018-09-30 266.35
2018-06-30 257.64
2018-03-31 247.13
2017-12-31 250.13
2017-09-30 208.61
2017-06-30 181.42
2017-03-31 136.91
2016-12-31 99.94

*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 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sumitomo'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 Europe 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 has a total score of 1/6, 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 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's growth in the last year to its industry (Trade Distributors).
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 has delivered over 20% year on year earnings growth in the past 5 years.
  • Sumitomo's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sumitomo's 1-year earnings growth is negative, it can't be compared to the DE Trade Distributors industry average.
Earnings and Revenue History
Sumitomo'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 Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SUMA Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 5,495,923.00 293,598.00 637,730.00
2019-06-30 5,421,566.00 308,876.00 632,375.00
2019-03-31 5,339,238.00 320,491.00 629,968.00
2018-12-31 5,181,779.00 297,432.00 643,075.00
2018-09-30 5,013,734.00 332,543.00 668,907.00
2018-06-30 4,933,962.00 321,652.00 693,466.00
2018-03-31 4,827,323.00 308,521.00 712,463.00
2017-12-31 4,620,616.00 312,245.00 713,434.00
2017-09-30 4,431,592.00 260,404.00 696,593.00
2017-06-30 4,200,097.00 226,453.00 678,289.00
2017-03-31 3,996,974.00 170,889.00 673,459.00
2016-12-31 4,153,476.00 124,742.00 680,417.00
2016-09-30 4,034,987.00 10,986.00 697,485.00
2016-06-30 3,990,127.00 15,199.00 719,506.00
2016-03-31 4,010,808.00 74,546.00 740,014.00
2015-12-31 3,770,592.00 -1,581.00 775,884.00
2015-09-30 3,832,939.00 94,571.00 775,742.00
2015-06-30 3,825,261.00 -43,502.00 766,687.00
2015-03-31 3,762,236.00 -73,170.00 734,648.00
2014-12-31 3,619,111.00 32,322.00 732,960.00
2014-09-30 3,492,524.00 68,050.00 716,606.00
2014-06-30 3,398,346.00 214,535.00 713,465.00
2014-03-31 3,317,406.00 223,064.00 705,514.00
2013-12-31 3,243,203.00 224,336.00 705,483.00
2013-09-30 3,149,747.00 219,620.00 687,210.00
2013-06-30 3,072,698.00 244,593.00 670,424.00
2013-03-31 3,016,249.00 232,451.00 657,084.00
2012-12-31 3,012,036.00 220,181.00 655,655.00

*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 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sumitomo used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Sumitomo has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sumitomo'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 Trade Distributors 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 has a total score of 3/6, 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'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's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sumitomo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sumitomo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sumitomo'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 1.1x 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 Company Filings, last reported 1 month ago.

DB:SUMA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,845,283.00 3,191,271.00 658,071.00
2019-06-30 2,808,235.00 3,194,404.00 690,346.00
2019-03-31 2,906,199.00 3,097,955.00 672,840.00
2018-12-31 2,822,912.00 3,207,789.00 691,378.00
2018-09-30 2,924,254.00 3,220,683.00 724,221.00
2018-06-30 2,777,951.00 3,325,364.00 717,980.00
2018-03-31 2,694,321.00 3,203,865.00 683,700.00
2017-12-31 2,762,585.00 3,374,592.00 761,210.00
2017-09-30 2,648,877.00 3,399,269.00 777,569.00
2017-06-30 2,536,898.00 3,371,618.00 679,932.00
2017-03-31 2,486,955.00 3,418,326.00 795,107.00
2016-12-31 2,456,200.00 3,454,727.00 835,444.00
2016-09-30 2,216,869.00 3,399,221.00 848,000.00
2016-06-30 2,200,862.00 3,498,029.00 832,882.00
2016-03-31 2,391,945.00 3,650,943.00 885,433.00
2015-12-31 2,546,608.00 4,055,554.00 918,669.00
2015-09-30 2,616,840.00 4,172,769.00 922,061.00
2015-06-30 2,729,272.00 4,321,769.00 982,512.00
2015-03-31 2,617,250.00 4,421,277.00 913,363.00
2014-12-31 2,766,995.00 4,443,631.00 1,012,667.00
2014-09-30 2,594,121.00 4,315,705.00 1,008,259.00
2014-06-30 2,559,989.00 4,193,363.00 1,023,210.00
2014-03-31 2,540,184.00 4,246,626.00 1,193,749.00
2013-12-31 2,512,260.00 4,128,478.00 978,868.00
2013-09-30 2,398,155.00 3,925,865.00 963,882.00
2013-06-30 2,309,824.00 3,870,954.00 979,889.00
2013-03-31 2,175,882.00 3,871,188.00 1,016,435.00
2012-12-31 1,938,255.00 3,732,275.00 936,528.00
  • Sumitomo's level of debt (112.2%) 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 (162.9% vs 112.2% today).
  • Debt is not well covered by operating cash flow (7.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 54.7x coverage).
X
Financial health checks
We assess Sumitomo'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 has a total score of 4/6, 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'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
4.16%
Current annual income from Sumitomo dividends. Estimated to be 4.81% next year.
If you bought €2,000 of Sumitomo shares you are expected to receive €83 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's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Sumitomo's dividend is above the markets top 25% of dividend payers in Germany (3.66%).
Upcoming dividend payment

Purchase Sumitomo before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:SUMA 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 7 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:SUMA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 80.00 1.00
2023-03-31 80.00 1.00
2022-03-31 82.38 8.00
2021-03-31 79.88 8.00
2020-03-31 80.00 2.00
2019-11-16
DB:SUMA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-01 70.000 4.209
2019-06-21 80.000 4.861
2019-05-09 80.000 5.016
2019-02-06 76.000 4.776
2018-11-01 76.000 4.562
2018-05-08 68.000 3.694
2018-02-08 64.000 3.495
2017-11-06 56.000 3.044
2017-05-31 50.000 3.261
2017-02-07 50.000 3.366
2016-11-01 50.000 3.649
2016-06-27 50.000 4.523
2016-05-09 50.000 4.664
2016-02-05 50.000 4.354
2015-10-30 50.000 4.030
2015-06-24 50.000 3.793
2015-05-01 50.000 3.427
2015-02-03 50.000 3.809
2014-10-31 50.000 4.121
2014-06-23 50.000 3.861
2014-05-01 50.000 3.777
2014-02-04 47.000 3.575
2013-10-31 47.000 3.688
2013-07-31 47.000 3.581
2013-06-21 46.000 3.563
2013-02-04 45.000 3.684
2012-10-31 52.000 4.839
2012-08-01 51.000 4.757
2012-06-22 51.000 4.639
2012-05-11 51.000 4.787
2012-02-02 50.000 4.251
2011-11-02 50.000 4.809
2011-08-02 43.000 4.406
2011-07-15 43.000 3.922
2011-05-09 43.000 3.995
2011-02-10 40.000 3.439
2011-02-02 36.000 2.877
2010-10-29 40.000 3.457
2010-07-30 25.000 2.405
2010-06-22 25.000 2.702
2010-04-30 25.000 2.499
2010-03-26 23.000 2.057
2010-01-29 23.000 2.297
2009-11-13 18.000 1.919
2009-10-15 18.000 2.004
2009-08-13 18.000 1.924
2009-07-30 18.000 1.860
2009-04-30 18.000 1.882
2009-01-30 38.000 4.418

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's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x 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's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sumitomo has a total score of 4/6, 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'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
Masayuki Hyodo
AGE 60
TENURE AS CEO 1.6 years
CEO Bio

Mr. Masayuki Hyodo has been the President and Chief Executive Officer at Sumitomo Corporation since April 1, 2018 and has been its Representative Director since June 2018. Mr. Hyodo was Senior Managing Executive Officer and General Manager, Environment & Infrastructure Business Unit at Sumitomo Corporation since April 2017 until April 1, 2018 and since April 2015 until April 1, 2018 respectively. In April 1984, Mr. Hyodo joined Sumitomo Corporation in 1984, Power Project Dept. No.2, and served at Power Project Dept. No.2 (Amman) since June 1988 and at Power Project Dept. since June 1990. Since March 1996, he served at Sumitomo Corporation (Hong Kong) Ltd., and served as Assistant to General Manager, Power Project Dept. No.1 since April 1999, Deputy General Manager, Tanjung Jati B Project Dept. since January 2004, April 2004 General Manager, Tanjung Jati B Project Dept., and Deputy General Manager, Power & Plant EPC Dept. No. 1 since April 2004 and thereafter, he served as its General Manager, Power Plant EPC Dept. No.1, since April 2009 Corporate Officer, Deputy General Manager, Power & Social Infrastructure Business Division; and Assistant General Manager for Asia. He served as President and CEO at PT. Sumitomo Indonesia and General Manager, Infrastructure, New Industry Development & Cross- function Business Unit in Sumitomo Corporation Asia Group. Since April 2012, he served as Executive Officer, and General Manager, Global Power Inflastructure Business Division at Sumitomo, General Manager, Corporate Planning & Coordination Dept. since April 2014, Managing Executive Officer and Representative Director since June 24, 2016 till June 23, 2017. He attended Graduate School of Engineering, Kyoto University in 1984.

CEO Compensation
  • Insufficient data for Masayuki to compare compensation growth.
  • Insufficient data for Masayuki 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 management team in years:

3.1
Average Tenure
60
Average Age
  • The tenure for the Sumitomo management team is about average.
Management Team

Kuniharu Nakamura

TITLE
Executive Chairman of the Board of Directors
COMPENSATION
¥135M
AGE
69

Masayuki Hyodo

TITLE
Representative Director
AGE
60
TENURE
1.6 yrs

Koichi Takahata

TITLE
Executive VP
AGE
63
TENURE
3.6 yrs

Hideki Yamano

TITLE
Chief Strategy Officer
AGE
59
TENURE
1.6 yrs

Takayuki Seishima

TITLE
Managing Executive Officer
AGE
57
TENURE
0.8 yrs

Tatsuro Tamura

TITLE
Corporate Officer and General Manager of Investor Relations Department
TENURE
2.6 yrs

Shikou Furihata

TITLE
Corporate Officer & GM of Human Resources Department
TENURE
3.6 yrs

Masato Sugimori

TITLE
Senior Managing Executive Officer
TENURE
6.6 yrs

Kiyoshi Sunobe

TITLE
Managing Executive Officer
TENURE
4.6 yrs

Toshikazu Nanbu

TITLE
Senior Managing Executive Officer
AGE
60
Board of Directors Tenure

Average tenure and age of the Sumitomo board of directors in years:

1.4
Average Tenure
65.5
Average Age
  • The average tenure for the Sumitomo board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kuniharu Nakamura

TITLE
Executive Chairman of the Board of Directors
COMPENSATION
¥135M
AGE
69
TENURE
1.4 yrs

Masayuki Hyodo

TITLE
Representative Director
AGE
60
TENURE
1.4 yrs

Koichi Takahata

TITLE
Executive VP
AGE
63
TENURE
3.4 yrs

Hideki Yamano

TITLE
Chief Strategy Officer
AGE
59
TENURE
1.4 yrs

Takayuki Seishima

TITLE
Managing Executive Officer
AGE
57
TENURE
0.4 yrs

Toshikazu Nanbu

TITLE
Senior Managing Executive Officer
AGE
60
TENURE
0.4 yrs

Nobuyoshi Ehara

TITLE
Outside Director
AGE
68
TENURE
3.4 yrs

Koji Ishida

TITLE
Outside Director
AGE
72
TENURE
2.4 yrs

Kimie Iwata

TITLE
Outside Director
AGE
72
TENURE
1.4 yrs

Hisashi Yamazaki

TITLE
Outside Director
AGE
71
TENURE
1.4 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'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 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 Corporation imports, exports, and sells various goods and commodities worldwide. The company’s Metal Products segment offers steel sheets and tubular products; and aluminum and titanium. Its Transportation & Construction Systems segment manufactures, sells, services, leases, and finances ships, aircrafts, motor vehicles, construction equipment, and related components and parts. The company’s Infrastructure segment provides engineering, procurement, and construction services; retails electricity; and offers delivery, customs clearance, transportation, and insurance arrangement services. It also engages in the development and operation of industrial parks; and industrial facilities and equipment, water, transportation systems and infrastructure, airports, smart city project, environmental solutions, and storage battery businesses. Its Media & Digital segment engages in the cable television, multi-channel programming distribution, movies, digital media-related, video content-related, TV shopping, e-commerce, ICT platform, digital solution, corporate venture capital, cell phone related, and smart communications infrastructure businesses, as well as provision of value-added services. The company’s Living Related & Real Estate segment operates food supermarkets and drugstore chains; offers vegetables, fruits, and meats; and trades in cement, wood, building materials, and biomass, as well as buildings, retail facilities, residences, logistics facilities, and real estate funds. Its Mineral Resources, Energy, Chemical & Electronics segment develops and trades in mineral and energy resources, commodity derivatives, liquefied petroleum gas, storage batteries, carbon products, plastics, organic and inorganic chemicals, silicon wafers, LEDs, pharmaceuticals, agricultural chemicals, household insecticides, fertilizers, and veterinary drugs; and provides electronics manufacturing services. Sumitomo Corporation was founded in 1919 and is headquartered in Tokyo, Japan.

Details
Name: Sumitomo Corporation
SUMA
Exchange: DB
Founded: 1919
¥17,465,877,150
1,249,242,423
Website: http://www.sumitomocorp.com
Address: Sumitomo Corporation
Otemachi Place East Tower,
3-2 Otemachi 2-Chome,
Tokyo,
100-8601,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8053 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SSUM.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB SUMA Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK SSUM.Y SPONSORED ADR Pink Sheets LLC US USD 24. Feb 2003
Number of employees
Current staff
Staff numbers
73,016
Sumitomo employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:31
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.