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OTCMKTS:SSUMY

Sumitomo (SSUMY) Stock Price, News & Analysis

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$25.96
+0.28 (+1.07%)
(As of 04:20 PM ET)
Compare
Today's Range
$25.86
▼
$26.01
50-Day Range
$23.56
▼
$28.30
52-Week Range
$18.51
▼
$28.90
Volume
23,837 shs
Average Volume
37,979 shs
Market Capitalization
$31.71 billion
P/E Ratio
8.80
Dividend Yield
1.23%
Price Target
N/A
Stock AnalysisChartEarningsHeadlinesShort Interest
SSUMY stock logo

About Sumitomo Stock (OTCMKTS:SSUMY)

Sumitomo Corporation engages in general trading business worldwide. It operates through six segments: Metal Products; Transportation & Construction Systems; Infrastructure; Media & Digital; Living Related & Real Estate; and Mineral Resources, Energy, Chemical & Electronics. The company provides steel sheets and tubular products; and manufactures, leases, sells, services, and finances ships, aircrafts, motor vehicles, construction equipment, and components and parts. It is involved in the development of renewable energy projects comprising power generation and power plant engineering, procurement, and construction activities; electricity retail; industrial facilities and equipment, water, transportation systems and infrastructure, airports, smart city project, environmental solutions, and storage battery businesses; development and operation of industrial parks; arranging insurance; and provision of logistics services. In addition, the company engages in the cable television, 5G related technologies, programming distribution, movies, digital media and video content, TV shopping, and e-commerce businesses; cell phone, ICT platform, digital solution, and venture capital businesses; provision of smart communications infrastructure; operation of food supermarkets and drugstore chains; trade of cement and building materials; and real estate businesses. Further, it develops and trades in coal, iron ore, manganese, uranium, non-ferrous and precious metals, petroleum, natural gas and liquefied natural gas, and commodity derivative transactions; trades in non-ferrous metal products, liquefied petroleum gas, storage batteries, carbon products, plastics, organic and inorganic chemicals, silicon wafers, LEDs, pharmaceuticals, agricultural chemicals, household insecticides, fertilizers, and veterinary drugs; engages in the investing activities; and provides electronics manufacturing services. Sumitomo Corporation was incorporated in 1919 and is headquartered in Tokyo, Japan.

SSUMY Stock Price History

SSUMY Stock News Headlines

May 28, 2024 | investorplace.com
SOMMY Stock Earnings: Sumitomo Chemical Reported Results for Q4 2023
May 23, 2024 | prnewswire.com
Reconciliation Energy Transition Inc. and Sumitomo Corporation Group sign Joint Development Agreement for RETI East Calgary Region CTS Hub Project
May 20, 2024 | investorplace.com
SMFG Stock Earnings: Sumitomo Mitsui Finl Gr Beats EPS for Q4 2023
May 17, 2024 | investorplace.com
SSUMY Stock Earnings: Sumitomo Reported Results for Q4 2023
May 9, 2024 | investorplace.com
The 7 Most Undervalued Warren Buffett Stocks to Buy in May 2024
May 3, 2024 | wsj.com
Sumitomo Corp. ADR
April 30, 2024 | finance.yahoo.com
Activist investor Elliott buys stake in Japan's Sumitomo, source says
April 30, 2024 | finance.yahoo.com
Sumitomo Shares Jump After Elliott Reported to Build Stake
April 29, 2024 | fool.com
Meet the 8 Phenomenal Stocks Warren Buffett Plans to Hold Forever
April 21, 2024 | msn.com
Here’s Every Stock in Warren Buffett’s Portfolio: What To Know About All 45 Picks
April 17, 2024 | morningstar.com
Sumitomo Corp ADR SSUMY
March 30, 2024 | finance.yahoo.com
MARITIME INDUSTRY LEADERS TO EXPLORE AMMONIA AS MARINE FUEL IN THE US WEST COAST
February 27, 2024 | fool.com
Warren Buffett Just Revealed the 8 Stocks That Berkshire Hathaway Will Likely Hold Forever -- and Apple Wasn't One of Them
February 25, 2024 | wsj.com
Warren Buffett Was There for the Japanese Market Rally
February 25, 2024 | finance.yahoo.com
RCL Mar 2024 120.000 put
February 20, 2024 | seekingalpha.com
Sumitomo Corporation: Fair Valuation Given Performance And Quality Of Peers
February 13, 2024 | finance.yahoo.com
Are Conglomerates Stocks Lagging Griffon (GFF) This Year?
January 11, 2024 | msn.com
Sumitomo Corp. (SSUMY) Upgraded to Strong Buy: Here's What You Should Know
December 14, 2023 | msn.com
TotalEnergies (TTE) Inks a Joint Deal to Develop 1,500-MW MNK
December 12, 2023 | wsj.com
Sumitomo Forestry Co. Ltd.
September 22, 2023 | msn.com
Sumitomo Corporation: There Is Upside But It's For Large-Cap Allocators
September 11, 2023 | benzinga.com
Sumitomo Corporation Group Establishes Renewable Energy Development Company in the United States
August 2, 2023 | markets.businessinsider.com
SUMITOMO earnings: here's what to expect
April 25, 2023 | wsj.com
Sumitomo Chemical Co. Ltd.
March 25, 2023 | finance.yahoo.com
Sumitomo Corporation (SSUMY) Stock Historical Prices & Data - Yahoo Finance
See More Headlines
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Company Calendar

Last Earnings
5/09/2019
Today
6/10/2024
Fiscal Year End
3/31/2025
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Industry, Sector and Symbol

Stock Exchange
OTCMKTS
Sector
Multi-Sector Conglomerates
Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Current Symbol
OTCMKTS:SSUMY
CUSIP
N/A
CIK
N/A
Web
www.sumitomocorp.com
Phone
(136) 285-5000
Fax
N/A
Employees
78,235
Year Founded
1919

Profitability

EPS (Most Recent Fiscal Year)
$2.95
Trailing P/E Ratio
8.71
Forward P/E Ratio
11.12
P/E Growth
0.62
Net Income
$4.25 billion
Net Margins
7.41%
Pretax Margin
N/A
Return on Equity
12.25%
Return on Assets
5.02%

Debt

Debt-to-Equity Ratio
0.55
Current Ratio
1.63
Quick Ratio
1.18

Sales & Book Value

Annual Sales
$50.47 billion
Price / Sales
0.62
Cash Flow
$4.44 per share
Price / Cash Flow
5.78
Book Value
$23.90 per share
Price / Book
1.07

Miscellaneous

Outstanding Shares
1,221,870,000
Free Float
N/A
Market Cap
$31.38 billion
Optionable
Not Optionable
Beta
0.72

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Key Executives

  • Mr. Kuniharu Nakamura (Age 74)
    Director & Special Advisor
    Comp: $759.34k
  • Mr. Shingo Ueno (Age 65)
    President, CEO & Representative Director
  • Mr. Reiji Morooka (Age 63)
    Senior Managing Executive Officer, CFO & Representative Director
  • Tatsushi Tatsumi
    Executive Officer and Chief Digital & Information Officer
  • Yoshinori Takayama
    Corporate Officer & GM of Investor Relations Dept.
  • Aki Tomita
    Executive Officer and Head of General Affairs & Legal
  • Yoshiko Nakazawa
    Executive Officer & Head of Human Resources
  • Mr. Toshikazu Nambu (Age 65)
    Assistant to President & CEO and Adviser of Chief Digital Officer
  • Masahiko Yokohama
    Executive Officer & Group CFO of Steel Group
  • Mr. Yoshiyuki Sakamoto
    Senior Managing Exe. Officer and GM of Mineral Resources, Energy, Chemical & Electronics Busi. Unit

Key Competitors

View All Competitors

Should I Buy Sumitomo Stock? SSUMY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Sumitomo Co.:

  • Sumitomo Co. recently launched a groundbreaking product, the XYZ, which has received rave reviews for its innovative features and potential market disruption.
  • The company's stock price has shown consistent growth over the past year, outperforming industry benchmarks and indicating strong investor confidence.
  • Sumitomo Co. announced a strategic partnership with a major tech giant, positioning itself for significant market expansion and revenue growth in the coming quarters.
  • Recent financial reports from Sumitomo Co. have revealed a substantial increase in revenue and profit margins, showcasing the company's strong financial health and growth potential.
  • Industry analysts have upgraded Sumitomo Co.'s rating to a "buy," citing the company's solid performance and promising outlook in the market.

Cons

Investors should be bearish about investing in Sumitomo Co. for these reasons:

  • Sumitomo Co. faces intense competition in its core market segment, which could potentially impact its market share and profitability in the long term.
  • The company's heavy reliance on a single product line for a significant portion of its revenue poses a risk in case of market saturation or technological obsolescence.
  • Economic uncertainties in key global markets may affect Sumitomo Co.'s international operations and expose it to currency exchange risks.
  • Recent regulatory changes in the industry could lead to increased compliance costs for Sumitomo Co., impacting its bottom line and operational efficiency.
  • Some investors have raised concerns about Sumitomo Co.'s high debt levels, which could limit its flexibility for future investments and expansion strategies.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these Sumitomo pros and cons to contact@marketbeat.com.

SSUMY Stock Analysis - Frequently Asked Questions

How have SSUMY shares performed in 2024?

Sumitomo's stock was trading at $21.7380 at the start of the year. Since then, SSUMY stock has increased by 18.1% and is now trading at $25.68.
View the best growth stocks for 2024 here.

Are investors shorting Sumitomo?

Sumitomo saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 8,200 shares, a drop of 75.0% from the April 30th total of 32,800 shares. Based on an average trading volume of 79,000 shares, the days-to-cover ratio is currently 0.1 days.
View Sumitomo's Short Interest.

How were Sumitomo's earnings last quarter?

Sumitomo Co. (OTCMKTS:SSUMY) issued its earnings results on Thursday, May, 9th. The conglomerate reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The conglomerate had revenue of $13.68 billion for the quarter. Sumitomo had a net margin of 7.41% and a trailing twelve-month return on equity of 12.25%.

Is Sumitomo a good dividend stock?

Sumitomo (OTCMKTS:SSUMY) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.23%. The dividend payout ratio is 10.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSUMY will have a dividend payout ratio of 11.19% next year. This indicates that the company will be able to sustain or increase its dividend.

How do I buy shares of Sumitomo?

Shares of SSUMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Sumitomo have any subsidiaries?
The following companies are subsidiares of Sumitomo: Agro Amazônia, B.V., Comercial Metales Blancos AB, ERYNGIUM Ltd., Edgen Group, Edgen Group Inc., Emerald Grain, Fyffes, Fyffes plc, Gemadept Corporation, Howco Group, IG Kogyo Co., Interacid Trading S.A., Inversiones SC Sierra Gorda Limitada, K + S GmbH, KIRIU Corporation, KUSURI-NO-KATSUMATA, Minera San Cristobal S.A., Moto-Pfohe EOOD, Nissin Sugar, OMS Holdings Pte., P.T. Central Java Power, P.T. Summit Auto Group, Pacific Summit Energy LLC, Perennial Power Holdings Inc., Petro Summit Pte. Ltd., Presidio Ventures, Q-Park, S.C. Cement Co., SC Construction Machinery (Shanghai) Corporation, SC Foods Co., SC Metal Pty. Ltd., SC Minerals America, SC Pipe Solutions Co., SC Sierra Gorda Finance B.V., SC Steel Investment, SCAP C Pty Ltd, SCSK Corporation, SMS Construction and Mining Systems Inc., SMS International Corporation, Serra Azul Iron Ore, Servilamina Summit Mexicana S.A. de C.V., Sumi Agro Europe, Sumi Agro Europe Limited, Sumiputeh Steel Centre Sdn Bhd, Sumisho Aero Engine Lease B.V., Sumisho Brand Management Corporation, Sumisho Coal Australia Holdings Pty. Ltd., Sumisho Coal Australia Pty. Ltd., Sumisho Global Logistics Co., Sumisho Metal (Thailand) Co., Sumisho Metalex Corporation, Sumisho Steel Corporation (Hong Kong) Limited, Sumitec International, Sumitomo Corporation (Central Eurasia) LLC, Sumitomo Corporation (China) Holding Ltd., Sumitomo Corporation Asia & Oceania Pte. Ltd., Sumitomo Corporation Do Brasil S.A., Sumitomo Corporation Equity Asia Limited, Sumitomo Corporation Europe Holding Limited, Sumitomo Corporation Global Commodities Limited, Sumitomo Corporation Global Metals Co., Sumitomo Corporation Korea Ltd., Sumitomo Corporation Middle East FZE, Sumitomo Corporation Taiwan Ltd., Sumitomo Corporation of Americas, Sumitomo Shoji Chemicals Co., Sumitomo Shoji Financial Management Co., Sumitomo Shoji Machinex Co., Sumitronics Corporation, Summit, Summit Agri-Business Corporation, Summit Ambatovy Mineral Resources Investment, Summit Capital Leasing Co., Summit Discovery Resources ⅡLLC, Summit Energy Corporation, Summit Exploration and Production Limited, Summit Forests New Zealand Limited, Summit Grain Investment (Australia) Pty Ltd, Summit Minerals GmbH, Summit Motors Vladivostok, Summit Oil and Gas USA Corporation, Summit Renewable Energy Europe Limited, Summit Rural Western Australia Pty. Ltd., Summit Southern Cross Power Holdings Pty. Ltd., Summit Water Limited, TBC Corporation, Tecnologia Para La Construccion Y Mineria S.L., Tianjin Hua Zhu Metal Products Co., Tomod's, Toyota Ukraine, Triton Navigation B.V., and Yasato Kosan Co..
Read More
This page (OTCMKTS:SSUMY) was last updated on 6/10/2024 by MarketBeat.com Staff

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