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Miner and smelter of copper, nickel and gold, and a maker of battery materials (nickel cathode materials) for EVs.
Miner and smelter of copper, nickel and gold, and a maker of battery materials (nickel cathode materials) for EVs.
Holds minority stakes in overseas copper and gold mines as well as running Japanese smelters, which earn a processing fee from ore buyers and sell the metal. Its battery-grade nickel is made from Philippine operations, and its nickel-based cathode materials go to battery makers such as Panasonic.
In one line: A diversified miner/smelter like a smaller Freeport-McMoRan, plus EV battery materials.
Moat: narrow (scale, process know-how). Long-established mining/smelting assets plus early scale in battery-grade nickel cathode material production.
Headquarters: Tokyo, Japan · Founded: 1950 · Employees: 7,507
Size Sumitomo Metal Mining (5713.T) is a Japan Materials company (Other Metals/Minerals) with a market value of $13.2B, the 107th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥7,633 on 6 Nov 2026.
Performance Over six months the shares fell 19.0%, against -27.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 21.7% over the last twelve months (peer median +28.6%); the operating margin is 13.9% (peer median 16.0%).
Valuation It trades at 8.1× forward earnings against a peer median of 12.9× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.9 points below its cost of capital (9.8% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.90T | ¥1.74T | ¥1.59T | ¥1.45T | ¥1.42T |
| Revenue growth | — | +9% | +10% | +2% | — |
| Gross profit | ¥349B | ¥270B | ¥164B | ¥163B | ¥250B |
| EBITDA | ¥327B | ¥258B | ¥163B | ¥155B | ¥243B |
| Net income | ¥237B | ¥176B | ¥16.5B | ¥58.6B | ¥161B |
| Free cash flow | ¥81.2B | ¥19.1B | ¥32.5B | ¥85.4B | -¥3.44B |
| Capital expenditure | ¥89.3B | ¥85.6B | ¥122B | ¥128B | ¥131B |
| Total debt | ¥715B | ¥683B | ¥576B | ¥547B | ¥467B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sumitomo Metal Mining 5713.T | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% |
| Mitsubishi Materials 5711.T | $3.21B | -24% | +7% | 5% | 3.7× | n/a |
| Freeport-McMoRan FCX | $85.3B | -4% | 0% | 24% | 14.3× | 16.3% |
| Vale S.A. Sponsored ADR VALE | $45.4B | -30% | +11% | 25% | 7.7× | -14.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5713.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.2% | -15.3% | 6th lowest of 21 |
| 6-month return | -19.0% | -27.2% | 8th highest of 21 |
| Distance from 52-week high | -41.6% | -45.9% | 8th highest of 21 |
| Revenue growth (TTM) | +21.7% | +28.6% | 8th lowest of 21 |
| Operating margin | 13.9% | 16.0% | 9th lowest of 21 |
| Forward P/E | 8.1× | 12.9× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 8.5% | 6.3% | 6th most demanding of 12 |
| Growth delivered (Del g) | +13.5% | +13.9% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -5.0 pp | +1.2 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | -3.9 pp | +2.0 pp | 5th lowest of 21 |
| EV / EBITDA | 8.8× | 10.7× | 5th cheapest of 13 |
| Net debt / EBITDA | 1.8× | 0.6× | 4th most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sumitomo Metal Mining 5713.T | Japan | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% | +13.5% |
| China Tungsten & Hightech Materials 000657.SZ | China | $13.2B | -34% | +66% | 16% | 21.0× | n/a | n/a |
| South32 S32.AX | Australia | $13.7B | -1% | -4% | 15% | 12.7× | 6.3% | +3.2% |
| Carpenter Technology CRS | United States | $13.8B | -35% | +10% | 23% | 20.0× | 17.4% | +16.2% |
| KGHM Polska Miedz KGH.WA | Poland | $14.1B | -27% | +27% | 20% | 6.4× | 1.6% | +9.2% |
| Jiangxi Copper 600362.SS | China | $14.3B | -29% | +14% | 4% | 7.2× | n/a | n/a |
| Korea Zinc 010130.KS | South Korea | $14.4B | -39% | +53% | 8% | 16.2× | n/a | n/a |
| Boliden BOL.ST | Sweden | $14.6B | -4% | +23% | 16% | 11.3× | 0.6% | +10.7% |
| JX Advanced Metals 5016.T | Japan | $14.6B | -49% | +30% | 11% | 12.7× | 22.2% | -18.6% |
| MMG 1208.HK | Hong Kong | $11.2B | -27% | +48% | 43% | 6.3× | -11.3% | +15.6% |
| Western Mining 601168.SS | China | $9.85B | -7% | +18% | 17% | 8.2× | -5.6% | +16.5% |
| Tongling Nonferrous Metals 000630.SZ | China | $9.83B | -20% | +46% | 6% | 10.5× | n/a | n/a |
| China National Uranium 001280.SZ | China | $17.9B | -29% | +15% | 14% | 47.7× | n/a | n/a |
| Lundin Mining LUN.TO | Canada | $18.1B | -18% | +29% | 36% | 14.1× | 15.2% | +13.9% |
| Hudbay Minerals HBM.TO | Canada | $9.35B | -10% | +13% | 32% | 12.0× | 18.1% | +15.8% |
| Zhejiang Huayou Cobalt 603799.SS | China | $9.30B | -50% | +38% | 12% | 9.3× | n/a | n/a |
| First Quantum Minerals FM.TO | Canada | $19.5B | -1% | +28% | 23% | 15.2× | n/a | n/a |
| Lynas Rare Earths LYC.AX | Australia | $8.58B | -38% | +76% | 25% | 26.7× | 34.3% | +14.9% |
| Xiamen Tungsten 600549.SS | China | $8.55B | -37% | +67% | 10% | 13.2× | n/a | n/a |
| Ivanhoe Mines IVN.TO | Canada | $8.43B | -26% | +109% | 7% | 18.9× | n/a | n/a |
| Jinduicheng Molybdenum 601958.SS | China | $8.06B | -15% | +7% | 32% | 13.6× | 4.2% | +13.7% |