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Sumitomo Bakelite Co., Ltd.
(4203)
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Rating:62Neutral
Price Target:
¥8,120.00
▲(7.69% Upside)
Action:Reiterated
Date:09/10/26
The score is primarily supported by strong underlying financials—especially the low-leverage balance sheet and solid margins—while being held back by weaker technical momentum (negative MACD and sub-50 RSI) and only moderate valuation support (P/E ~21 with a modest ~1.44% dividend yield).
Positive Factors
Very Low Leverage
Very low leverage gives Sumitomo Bakelite substantial financial resilience and flexibility. A large, growing equity base reduces dependence on creditors, supports investment through industry cycles, and lowers the balance-sheet risk that could otherwise constrain growth or capital allocation.
Negative Factors
Mixed Cash-Flow Conversion
Positive cash generation is tempered by conversion that trails reported earnings and by slightly declining free cash flow. If this pattern persists, it could reduce the funds available for reinvestment, dividends, or balance-sheet strengthening and make earnings quality less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage gives Sumitomo Bakelite substantial financial resilience and flexibility. A large, growing equity base reduces dependence on creditors, supports investment through industry cycles, and lowers the balance-sheet risk that could otherwise constrain growth or capital allocation.
Read all positive factors
Sumitomo Bakelite Co., Ltd. (4203) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥674.43B
Dividend Yield1.43%
Average Volume (3M)706.37K
Price to Earnings (P/E)23.6
Beta (1Y)1.18
Revenue Growth10.34%
EPS Growth64.18%
CountryJP
Employees7,524
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)359.14
Shares Outstanding88,249,855
10 Day Avg. Volume613,439
30 Day Avg. Volume706,369
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.22
Price to Sales (P/S)1.32
P/FCF Ratio21.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)389.19
Revenue Forecast (FY)¥366.11B
Sumitomo Bakelite Co., Ltd. Business Overview & Revenue Model
Company Description
Sumitomo Bakelite Company Limited, established in 1932 and headquartered in Tokyo, Japan, operates worldwide alongside its subsidiaries. The company is engaged in the research, development, manufacturing, and global distribution of a diverse produ...
How the Company Makes Money
Sumitomo Bakelite primarily makes money by manufacturing and selling specialty materials and components to corporate customers (B2B). Its revenue model is largely product-sales driven, with earnings generated from (1) selling resin and chemical ma...
Sumitomo Bakelite Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 337.41B | 319.87B | 304.77B | 287.27B | 284.94B | 263.11B |
| Gross Profit | 107.28B | 100.11B | 93.55B | 85.71B | 81.35B | 80.41B |
| EBITDA | 57.68B | 53.49B | 42.91B | 45.45B | 40.84B | 39.40B |
| Net Income | 31.50B | 28.01B | 19.28B | 21.83B | 20.29B | 18.30B |
Balance Sheet | ||||||
| Total Assets | 503.48B | 484.17B | 417.78B | 441.16B | 378.46B | 370.84B |
| Cash, Cash Equivalents and Short-Term Investments | 130.29B | 124.75B | 103.53B | 121.64B | 99.62B | 109.22B |
| Total Debt | 30.21B | 27.36B | 30.68B | 48.53B | 43.23B | 58.62B |
| Total Liabilities | 140.68B | 133.52B | 124.21B | 137.44B | 120.77B | 138.70B |
| Stockholders Equity | 359.47B | 347.19B | 290.67B | 301.16B | 255.36B | 229.78B |
Cash Flow | ||||||
| Free Cash Flow | 18.61B | 19.56B | 28.07B | 18.27B | 8.65B | 15.51B |
| Operating Cash Flow | 34.30B | 35.00B | 43.71B | 40.22B | 23.62B | 27.92B |
| Investing Cash Flow | -3.03B | -7.93B | -15.60B | -21.12B | -15.65B | -10.47B |
| Financing Cash Flow | -16.86B | -13.58B | -44.88B | -6.28B | -22.95B | -19.31B |
Sumitomo Bakelite Co., Ltd. Technical Analysis
Positive
7540.00
Price Trends
7352.19
Positive
7087.04
Positive
6162.11
Positive
Market Momentum
248.18
Negative
67.48
Neutral
83.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4203, the sentiment is Positive. The current price of 7540 is below the 20-day moving average (MA) of 7605.61, above the 50-day MA of 7352.19, and above the 200-day MA of 6162.11, indicating a bullish trend. The MACD of 248.18 indicates Negative momentum. The RSI at 67.48 is Neutral, neither overbought nor oversold. The STOCH value of 83.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4203.
Sumitomo Bakelite Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥360.11B | 10.32 | 7.27% | 3.47% | 3.53% | 63.85% | |
69 Neutral | ¥454.82B | 8.29 | 12.05% | 3.01% | 6.29% | 101.67% | |
67 Neutral | ¥324.07B | 13.82 | 5.55% | 4.73% | 2.52% | ― | |
62 Neutral | ¥674.43B | 23.61 | 9.38% | 1.41% | 10.34% | 64.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ¥353.18B | 36.47 | 2.67% | 4.85% | 2.16% | -77.64% | |
50 Neutral | ¥731.74B | -24.83 | -4.71% | 2.80% | 2.69% | -173.16% |
* Basic Materials Sector Average
JP:4203
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Sumitomo Bakelite Co., Ltd. Corporate Events
Sumitomo Bakelite Completes Treasury Share Disposal for Restricted Stock Plan
Jul 17, 2026
Sumitomo Bakelite Co., Ltd. announced that it has completed payment procedures for the disposal of treasury shares under its restricted stock compensation plan resolved by the board on June 24, 2026. The transaction involves the allocation of comp...
Sumitomo Bakelite Grants Restricted Stock to Directors and Executives from Treasury Shares
Jun 24, 2026
Sumitomo Bakelite will dispose of 11,411 treasury shares as restricted stock compensation for five directors and twelve executive officers, at a price of 7,393 yen per share, totaling about 84.36 million yen. The move is part of an incentive plan ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.