SUZUKI MOTOR CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,814 JPY | +1.34% |
|
+6.02% | +20.30% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,259,125 | 1,254,343 | 2,439,929 | 2,045,929 | 2,333,340 | 3,500,451 | - | - |
| Enterprise Value (EV) 1 | 1,935,799 | 1,054,144 | 1,984,654 | 1,633,458 | 2,093,327 | 3,162,219 | 3,021,410 | 2,891,156 |
| P/E ratio | 12.4 x | 9.03 x | 16.7 x | 12.8 x | 10.6 x | 13.4 x | 11.9 x | 11.3 x |
| Yield | 1.51% | 3.29% | 1.79% | 2.16% | 2.08% | 1.55% | 1.91% | 2.04% |
| Capitalization / Revenue | 0.58 x | 0.36 x | 0.77 x | 0.57 x | 0.5 x | 0.67 x | 0.64 x | 0.61 x |
| EV / Revenue | 0.5 x | 0.3 x | 0.62 x | 0.46 x | 0.45 x | 0.6 x | 0.55 x | 0.5 x |
| EV / EBITDA | 4.09 x | 2.78 x | 6 x | 4.63 x | 3.97 x | 4.9 x | 4.33 x | 3.88 x |
| EV / FCF | 16.9 x | -16.2 x | 10.9 x | 24.1 x | -130 x | 18.7 x | 15.7 x | 15 x |
| FCF Yield | 5.91% | -6.16% | 9.19% | 4.15% | -0.77% | 5.34% | 6.35% | 6.66% |
| Price to Book | 1.62 x | 0.84 x | 1.45 x | 1.09 x | 1.12 x | 1.52 x | 1.4 x | 1.29 x |
| Nbr of stocks (in thousands) | 1,844,936 | 1,941,331 | 1,942,232 | 1,942,491 | 1,942,831 | 1,929,155 | - | - |
| Reference price 2 | 1,224 | 646.1 | 1,256 | 1,053 | 1,201 | 1,814 | 1,814 | 1,814 |
| Announcement Date | 5/10/19 | 5/26/20 | 5/13/21 | 5/11/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,871,496 | 3,488,433 | 3,178,209 | 3,568,380 | 4,641,644 | 5,238,321 | 5,510,100 | 5,777,980 |
| EBITDA 1 | 473,291 | 379,227 | 330,977 | 352,965 | 527,833 | 645,420 | 697,056 | 744,449 |
| EBIT 1 | 324,365 | 215,069 | 194,432 | 191,460 | 350,551 | 451,812 | 485,869 | 513,904 |
| Operating Margin | 8.38% | 6.17% | 6.12% | 5.37% | 7.55% | 8.63% | 8.82% | 8.89% |
| Earnings before Tax (EBT) 1 | 298,390 | 246,027 | 241,064 | 274,278 | 381,036 | 477,572 | 524,002 | 550,922 |
| Net income 1 | 178,759 | 134,222 | 146,421 | 160,345 | 221,107 | 262,018 | 295,063 | 309,828 |
| Net margin | 4.62% | 3.85% | 4.61% | 4.49% | 4.76% | 5% | 5.35% | 5.36% |
| EPS 2 | 98.82 | 71.59 | 75.41 | 82.55 | 113.8 | 135.4 | 153.1 | 161.2 |
| Free Cash Flow 1 | 114,492 | -64,917 | 182,454 | 67,744 | -16,048 | 168,921 | 191,960 | 192,588 |
| FCF margin | 2.96% | -1.86% | 5.74% | 1.9% | -0.35% | 3.22% | 3.48% | 3.33% |
| FCF Conversion (EBITDA) | 24.19% | - | 55.13% | 19.19% | - | 26.17% | 27.54% | 25.87% |
| FCF Conversion (Net income) | 64.05% | - | 124.61% | 42.25% | - | 64.47% | 65.06% | 62.16% |
| Dividend per Share 2 | 18.50 | 21.25 | 22.50 | 22.75 | 25.00 | 28.08 | 34.59 | 36.95 |
| Announcement Date | 5/10/19 | 5/26/20 | 5/13/21 | 5/11/22 | 5/15/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,755,446 | 1,732,987 | 1,270,247 | 1,907,962 | 828,236 | 1,673,586 | 900,744 | 994,050 | 1,894,794 | 1,063,358 | 1,154,146 | 2,217,504 | 1,195,325 | 1,228,815 | 2,424,140 | 1,208,896 | 1,355,504 | 2,564,400 | 1,283,082 | 1,401,369 | 2,720,252 | 1,277,845 | 1,398,151 | 2,635,839 | 1,482,304 | 1,373,907 | 3,097,627 | 2,718,860 | 3,192,346 |
| EBITDA 1 | - | - | - | - | 76,200 | - | 87,606 | 100,370 | - | 112,798 | 129,659 | - | 150,966 | 134,410 | - | 142,164 | 179,805 | - | 166,830 | 157,469 | - | 156,566 | 189,252 | - | 180,950 | 162,798 | - | - | - |
| EBIT 1 | 118,606 | 96,463 | 74,901 | 119,531 | 44,645 | 99,112 | 47,547 | 44,801 | 92,348 | 74,512 | 89,829 | 164,341 | 102,637 | 83,573 | 186,210 | 99,802 | 129,659 | 229,461 | 117,187 | 105,140 | 232,844 | 129,563 | 141,662 | 347,933 | 112,487 | 102,334 | 171,717 | 349,585 | 163,556 |
| Operating Margin | 6.76% | 5.57% | 5.9% | 6.26% | 5.39% | 5.92% | 5.28% | 4.51% | 4.87% | 7.01% | 7.78% | 7.41% | 8.59% | 6.8% | 7.68% | 8.26% | 9.57% | 8.95% | 9.13% | 7.5% | 8.56% | 10.14% | 10.13% | 13.2% | 7.59% | 7.45% | 5.54% | 12.86% | 5.12% |
| Earnings before Tax (EBT) 1 | 139,335 | 106,692 | 80,150 | 160,914 | 28,055 | 156,894 | 55,818 | 61,566 | 117,384 | 89,901 | 102,614 | 192,515 | 106,637 | 81,884 | 188,521 | 108,351 | 132,618 | 240,969 | 120,210 | 126,869 | 244,424 | 152,011 | 152,538 | 363,598 | 99,238 | 109,492 | 178,759 | 366,741 | 171,035 |
| Net income 1 | 79,303 | 54,919 | 54,326 | 92,095 | 15,774 | 100,526 | 35,260 | 24,559 | 59,819 | 58,283 | 56,824 | 115,107 | 68,292 | 37,708 | 106,000 | 67,058 | 62,290 | 129,348 | 68,760 | 66,409 | 121,000 | 68,302 | 78,645 | - | 73,820 | 59,207 | - | - | - |
| Net margin | 4.52% | 3.17% | 4.28% | 4.83% | 1.9% | 6.01% | 3.91% | 2.47% | 3.16% | 5.48% | 4.92% | 5.19% | 5.71% | 3.07% | 4.37% | 5.55% | 4.6% | 5.04% | 5.36% | 4.74% | 4.45% | 5.35% | 5.62% | - | 4.98% | 4.31% | - | - | - |
| EPS 2 | 42.98 | 28.62 | 27.98 | 47.43 | 8.120 | 51.76 | 18.15 | 12.64 | 30.80 | 30.00 | 29.25 | 59.26 | 35.15 | 19.39 | 54.54 | 34.51 | 32.20 | 66.71 | 35.62 | 39.50 | 80.52 | 49.79 | 46.29 | 111.1 | 28.37 | 29.55 | 43.54 | 111.4 | 40.31 |
| Dividend per Share 2 | 9.250 | 12.00 | 9.250 | 13.25 | 11.25 | 11.25 | - | 11.50 | 11.50 | - | 12.50 | 12.50 | - | 12.50 | 12.50 | - | 13.75 | 13.75 | - | 15.00 | - | - | 20.50 | - | - | 20.50 | - | - | - |
| Announcement Date | 11/5/19 | 5/26/20 | 11/5/20 | 5/13/21 | 11/11/21 | 11/11/21 | 2/4/22 | 5/11/22 | 5/11/22 | 8/5/22 | 11/8/22 | 11/8/22 | 2/7/23 | 5/15/23 | 5/15/23 | 8/4/23 | 11/7/23 | 11/7/23 | 2/7/24 | - | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 323,326 | 200,199 | 455,275 | 412,471 | 240,013 | 338,232 | 479,041 | 609,296 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 114,492 | -64,917 | 182,454 | 67,744 | -16,048 | 168,921 | 191,960 | 192,588 |
| ROE (net income / shareholders' equity) | 13.3% | 9.3% | 9.2% | 9% | 11.2% | 12% | 12.2% | 12% |
| ROA (Net income/ Total Assets) | 11.3% | 7.28% | 6.73% | 6.42% | 8.77% | 9.2% | 9.36% | 9.34% |
| Assets 1 | 1,587,933 | 1,843,602 | 2,175,226 | 2,497,877 | 2,522,026 | 2,846,884 | 3,153,191 | 3,316,237 |
| Book Value Per Share 2 | 755.0 | 766.0 | 869.0 | 967.0 | 1,069 | 1,191 | 1,299 | 1,412 |
| Cash Flow per Share 2 | 212.0 | 159.0 | 146.0 | 166.0 | 205.0 | 216.0 | 276.0 | 274.0 |
| Capex 1 | 268,945 | 236,450 | 170,947 | 189,389 | 269,863 | 337,558 | 341,099 | 357,137 |
| Capex / Sales | 6.95% | 6.78% | 5.38% | 5.31% | 5.81% | 6.44% | 6.19% | 6.18% |
| Announcement Date | 5/10/19 | 5/26/20 | 5/13/21 | 5/11/22 | 5/15/23 | - | - | - |
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
BUY
Number of Analysts
16
Last Close Price
1,814
JPY
Average target price
1,918
JPY
Spread / Average Target
+5.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.30% | 22.24B | |
| +35.50% | 300B | |
| +18.88% | 82.12B | |
| +5.58% | 71.52B | |
| +19.41% | 53.62B | |
| +4.92% | 51.06B | |
| +27.62% | 52.28B | |
| +28.00% | 43.93B | |
| +22.60% | 39.41B | |
| +18.24% | 27.31B |
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