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Employees: 704
Size Subaru Enterprise (9632.T) is a Japan Industrials company (Other Transportation) with a market value of $424M, the 1157th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥5,060 on 6 Nov 2026.
Performance Over six months the shares gained 48.4%, against -15.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 0.5% over the last twelve months (peer median +3.9%); the operating margin is 15.1% (peer median 6.5%).
Valuation It trades at 1.7× enterprise value to sales against a peer median of 2.3× (6th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.9 points above its cost of capital (5.0% WACC).
Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥30.1B | ¥29.6B | ¥30.3B | ¥29.2B | ¥28.9B |
| Revenue growth | — | -2% | +4% | +1% | — |
| Gross profit | ¥6.71B | ¥6.92B | ¥6.82B | ¥6.93B | ¥6.95B |
| EBITDA | ¥5.25B | ¥5.56B | ¥5.53B | ¥5.55B | ¥5.73B |
| Net income | ¥2.21B | ¥2.42B | ¥3.24B | ¥3.28B | ¥3.52B |
| Free cash flow | n/a | ¥2.49B | ¥1.18B | ¥16.6M | ¥2.33B |
| Capital expenditure | n/a | ¥1.29B | ¥2.31B | ¥4.15B | ¥1.25B |
| Total debt | ¥632M | ¥3.33M | ¥6.55M | ¥133M | ¥29.1M |
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.
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 | 9632.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | -7.9% | 3rd highest of 21 |
| 6-month return | +48.4% | -15.6% | 2nd highest of 21 |
| Distance from 52-week high | -8.7% | -36.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +0.5% | +3.9% | 8th lowest of 21 |
| Operating margin | 15.1% | 6.5% | 9th highest of 21 |
| EV / Sales | 1.7× | 2.3× | 6th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -6.0% | 0.7% | 5th least demanding of 17 |
| Growth delivered (Del g) | +1.5% | +9.5% | 4th lowest of 17 |
| Hurdle (Req g minus delivered) | -7.5 pp | -8.5 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | +8.9 pp | -0.5 pp | 3rd highest of 21 |
| EV / EBITDA | 9.8× | 7.5× | 4th most expensive of 10 |
| Net debt / EBITDA | -3.0× | 0.5× | 2nd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Subaru Enterprise 9632.T | Japan | $424M | +48% | 0% | 15% | 1.7× | -6.0% | +1.5% |
| Guangzhou Hangxin Aviation Technology 300424.SZ | China | $457M | -35% | -1% | -3% | 2.3× | 3.2% | +7.5% |
| Tianjin Port Development 3382.HK | Hong Kong | $478M | -14% | -21% | 21% | 1.7× | -8.3% | -5.5% |
| Longzhou 002682.SZ | China | $371M | -27% | +5% | -17% | 2.3× | 9.9% | -7.4% |
| Toscana Aeroporti TYA.MI | Italy | $371M | -2% | +13% | 22% | 2.9× | -3.9% | +23.6% |
| Sichuan Fulin Transportation 002357.SZ | China | $496M | -10% | -2% | -8% | 4.1× | 43.1% | +5.3% |
| Aeroporto Guglielmo Marconi di Bologna ADB.MI | Italy | $361M | +3% | +10% | 18% | 2.0× | -1.8% | +22.0% |
| Mobico MCG.L | United Kingdom | $360M | +103% | +5% | 5% | 0.5× | n/a | n/a |
| Beijing Changjiu Logistics 603569.SS | China | $502M | -17% | -47% | -1% | 1.8× | 6.2% | -2.0% |
| Guangdong Great River Smarter Logistics 002930.SZ | China | $507M | -43% | +5% | -8% | 6.8× | 8.9% | +7.1% |
| Shanghai Shentong Metro 600834.SS | China | $520M | -9% | +1% | 8% | 3.8× | 11.4% | +14.6% |
| Ernst Russ ERAG.DE | Germany | $335M | +5% | -9% | 28% | 1.4× | -8.8% | +22.3% |
| Verra Mobility VRRM | United States | $333M | -85% | +6% | 23% | 1.3× | -20.4% | +20.0% |
| Hainan Haiqi Transportation 603069.SS | China | $548M | -32% | -22% | -20% | 8.4× | n/a | n/a |
| China Hi-Tech 600730.SS | China | $548M | -31% | +16% | -32% | 20.9× | n/a | n/a |
| West Shanghai Automotive Service 605151.SS | China | $327M | -25% | +3% | 4% | 1.0× | 3.8% | +9.4% |
| Delixi New Energy Technology 603032.SS | China | $550M | -33% | +27% | 17% | 6.0× | 33.8% | +61.4% |
| Bohai Ferry 603167.SS | China | $565M | -10% | -5% | 14% | 2.2× | -8.4% | +9.6% |
| Anhui Jiuhuashan Tourism Development 603199.SS | China | $573M | -5% | +6% | 32% | 3.8× | -4.0% | +21.3% |
| Nanjing Port 002040.SZ | China | $576M | -21% | +2% | 31% | 4.2× | -4.8% | +6.7% |
| Henan Xinning Modern Logistics 300013.SZ | China | $312M | -10% | +278% | -1% | 1.3× | n/a | n/a |