Financials Mitsubishi Heavy Industries, Ltd.

Equities

7011

JP3900000005

Consumer Goods Conglomerates

Market Closed - Japan Exchange 07:00:00 19/07/2024 BST 5-day change 1st Jan Change
1,904 JPY -1.83% Intraday chart for Mitsubishi Heavy Industries, Ltd. +3.31% +131.10%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 917,961 1,159,302 1,349,470 1,637,734 4,867,863 6,400,876 - -
Enterprise Value (EV) 1 2,007,204 2,149,890 2,113,486 2,482,505 5,579,540 7,178,730 7,053,926 6,821,429
P/E ratio 10.5 x 28.5 x 11.9 x 12.6 x 21.9 x 24.3 x 21.8 x 18.9 x
Yield 5.49% 2.17% 2.49% 2.67% 1.38% 1.17% 1.34% 1.55%
Capitalization / Revenue 0.23 x 0.31 x 0.35 x 0.39 x 1.05 x 1.3 x 1.22 x 1.14 x
EV / Revenue 0.5 x 0.58 x 0.55 x 0.59 x 1.2 x 1.46 x 1.34 x 1.21 x
EV / EBITDA 6.82 x 7.4 x 7.23 x 7.5 x 12.7 x 13.7 x 12.1 x 10.5 x
EV / FCF 9.73 x -7.76 x 7 x 70.3 x 32.7 x 36.4 x 32.6 x 23.2 x
FCF Yield 10.3% -12.9% 14.3% 1.42% 3.06% 2.75% 3.07% 4.32%
Price to Book 0.75 x 0.85 x 0.86 x 0.94 x 2.17 x 2.76 x 2.52 x 2.21 x
Nbr of stocks (in thousands) 3,359,417 3,361,269 3,356,891 3,358,765 3,360,623 3,360,922 - -
Reference price 2 273.2 344.9 402.0 487.6 1,448 1,904 1,904 1,904
Announcement Date 11/05/20 10/05/21 12/05/22 10/05/23 08/05/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 4,041,376 3,699,946 3,860,283 4,202,797 4,657,147 4,922,455 5,247,964 5,620,088
EBITDA 1 294,429 290,357 292,400 331,100 438,440 522,333 583,411 648,857
EBIT 1 126,162 52,099 99,184 141,379 282,541 373,900 425,991 486,250
Operating Margin 3.12% 1.41% 2.57% 3.36% 6.07% 7.6% 8.12% 8.65%
Earnings before Tax (EBT) 1 -32,660 49,355 173,684 191,126 315,187 384,918 428,082 492,750
Net income 1 87,123 40,639 113,541 130,451 222,023 265,409 295,691 339,325
Net margin 2.16% 1.1% 2.94% 3.1% 4.77% 5.39% 5.63% 6.04%
EPS 2 25.94 12.09 33.82 38.84 66.07 78.37 87.37 100.8
Free Cash Flow 1 206,273 -277,197 301,869 35,313 170,700 197,476 216,252 294,611
FCF margin 5.1% -7.49% 7.82% 0.84% 3.67% 4.01% 4.12% 5.24%
FCF Conversion (EBITDA) 70.06% - 103.24% 10.67% 38.93% 37.81% 37.07% 45.4%
FCF Conversion (Net income) 236.76% - 265.87% 27.07% 76.88% 74.4% 73.13% 86.82%
Dividend per Share 2 15.00 7.500 10.00 13.00 20.00 22.29 25.55 29.50
Announcement Date 11/05/20 10/05/21 12/05/22 10/05/23 08/05/24 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S2 2021 S1 2021 S2 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 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4 2025 S2
Net sales 1 2,163,713 1,658,625 - 1,663,747 981,628 1,214,908 - 871,332 1,003,935 1,875,267 1,062,779 1,264,751 - 983,980 1,085,292 2,069,272 1,191,394 1,396,480 1,042,675 1,165,250 2,229,700 1,228,800 1,528,525 2,817,300
EBITDA - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 - -15,094 - 26,211 29,872 43,101 - 255 32,151 32,406 43,172 65,801 - 36,447 45,734 82,181 90,676 90,916 61,967 94,833 145,400 98,467 127,433 221,700
Operating Margin - -0.91% - 1.58% 3.04% 3.55% - 0.03% 3.2% 1.73% 4.06% 5.2% - 3.7% 4.21% 3.97% 7.61% 6.51% 5.94% 8.14% 6.52% 8.01% 8.34% 7.87%
Earnings before Tax (EBT) 1 -93,520 -72,849 - 26,534 61,034 86,116 - 35,560 55,831 91,391 22,271 77,464 - 75,701 58,013 133,714 73,884 107,588 66,500 94,333 - 90,667 135,167 -
Net income 1 57,886 -57,081 - 12,081 37,938 63,522 - 19,193 34,939 54,132 12,309 64,010 - 53,187 38,757 91,944 46,106 83,973 43,167 64,667 - 63,500 96,333 -
Net margin 2.68% -3.44% - 0.73% 3.86% 5.23% - 2.2% 3.48% 2.89% 1.16% 5.06% - 5.41% 3.57% 4.44% 3.87% 6.01% 4.14% 5.55% - 5.17% 6.3% -
EPS 2 - -16.99 - 3.599 11.30 18.92 - 5.716 10.40 16.12 3.664 19.06 - 15.83 11.53 27.36 13.72 24.99 13.70 20.20 - 20.40 38.10 -
Dividend per Share 7.500 - 7.500 4.500 - - 5.500 - - 6.000 - - 7.000 - - 8.000 - - - - - - - -
Announcement Date 11/05/20 30/10/20 10/05/21 29/10/21 07/02/22 12/05/22 12/05/22 05/08/22 01/11/22 01/11/22 07/02/23 10/05/23 10/05/23 04/08/23 06/11/23 06/11/23 06/02/24 08/05/24 - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 1,089,243 990,588 764,016 844,771 711,677 777,854 653,049 420,553
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.7 x 3.412 x 2.613 x 2.551 x 1.623 x 1.489 x 1.119 x 0.6481 x
Free Cash Flow 1 206,273 -277,197 301,869 35,313 170,700 197,476 216,252 294,611
ROE (net income / shareholders' equity) 6.6% 3.1% 7.7% 7.9% 6.55% 11.6% 12.1% 12.4%
ROA (Net income/ Total Assets) -0.64% 1.01% 3.5% 3.61% 2.22% 3.94% 4.37% 4.78%
Assets 1 -13,509,117 4,033,207 3,244,770 3,614,442 9,983,049 6,736,271 6,773,621 7,098,849
Book Value Per Share 2 363.0 406.0 470.0 518.0 668.0 691.0 757.0 860.0
Cash Flow per Share 2 122.0 83.00 74.30 83.10 112.0 116.0 124.0 140.0
Capex 1 246,291 146,212 129,256 131,905 160,486 176,097 180,081 179,097
Capex / Sales 6.09% 3.95% 3.35% 3.14% 3.45% 3.58% 3.43% 3.19%
Announcement Date 11/05/20 10/05/21 12/05/22 10/05/23 08/05/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
1,904 JPY
Average target price
1,707 JPY
Spread / Average Target
-10.39%
Consensus
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  4. Financials Mitsubishi Heavy Industries, Ltd.