Company Valuation: Mitsubishi Heavy Industries, Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,159,302 1,349,470 1,637,734 4,867,863 8,481,263 13,702,551 - -
Change - 16.4% 21.36% 197.23% 74.23% 61.56% - -
Enterprise Value (EV) 1 2,149,890 2,113,486 2,482,505 5,579,540 8,954,451 14,021,885 13,878,631 13,633,125
Change - -1.69% 17.46% 124.75% 60.49% 56.59% -1.02% -1.77%
P/E ratio 28.5x 11.9x 12.6x 21.9x 34.6x 48.9x 38.2x 32.4x
PBR 0.85x 0.86x 0.94x 2.17x 3.61x 5.31x 4.81x 4.31x
PEG - 0x 0.8x 0.3x 3.3x 3.5x 1.4x 1.8x
Capitalization / Revenue 0.31x 0.35x 0.39x 1.05x 1.69x 2.65x 2.43x 2.25x
EV / Revenue 0.58x 0.55x 0.59x 1.2x 1.78x 2.71x 2.46x 2.24x
EV / EBITDA 7.4x 7.23x 7.5x 12.7x 16.5x 24.3x 20.2x 17.4x
EV / EBIT 39.8x 21.3x 17.6x 19.7x 23.4x 33.2x 26.2x 22.2x
EV / FCF -7.76x 7x 70.3x 32.7x 26.1x 66.1x 47.5x 46.8x
FCF Yield -12.9% 14.3% 1.42% 3.06% 3.83% 1.51% 2.11% 2.14%
Dividend per Share 2 7.5 10 13 20 23 25.18 30.36 35.35
Rate of return 2.17% 2.49% 2.67% 1.38% 0.91% 0.62% 0.74% 0.87%
EPS 2 12.09 33.82 38.84 66.07 73.04 83.33 106.9 125.7
Distribution rate 62% 29.6% 33.5% 30.3% 31.5% 30.2% 28.4% 28.1%
Net sales 1 3,699,946 3,860,283 4,202,797 4,657,147 5,027,176 5,169,120 5,635,682 6,098,043
EBITDA 1 290,357 292,400 331,100 438,440 543,841 576,005 687,180 781,320
EBIT 1 54,081 99,184 141,379 282,541 383,198 421,986 529,561 614,346
Net income 1 40,639 113,541 130,451 222,023 245,447 279,881 358,838 421,795
Net Debt 1 990,588 764,016 844,771 711,677 473,188 319,333 176,080 -69,427
Reference price 2 344.90 402.00 487.60 1,448.50 2,526.00 4,078.00 4,078.00 4,078.00
Nbr of stocks (in thousands) 3,361,269 3,356,891 3,358,765 3,360,623 3,357,586 3,360,116 - -
Announcement Date 10/05/21 12/05/22 10/05/23 08/05/24 09/05/25 - - -
1JPY in Million2JPY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
49.89x2.76x24.8x0.61% 89.67B
17.71x - - -.--% 1,077B
28.27x2.19x14.35x0.96% 146B
19.59x3.55x14.1x2.38% 123B
24.95x4.01x14.17x1.74% 89.72B
24.67x5.15x17.84x2.37% 74.85B
26.5x1.63x13.64x1.16% 62.97B
13.48x0.84x5.29x3.29% 20.68B
23.82x1.57x8.66x3.71% 20.31B
Average 25.43x 2.71x 14.11x 1.8% 189.35B
Weighted average by Cap. 21.47x 3.03x 15.63x 0.61%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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