Financials Mitsui High-tec, Inc.

Equities

6966

JP3892400007

Semiconductors

Market Closed - Japan Exchange Other stock markets 07:00:00 02/05/2024 BST			5-day change	1st Jan Change
7,020 ^JPY	-1.24%		+1.65%	-4.62%

2023	Mitsui High-tec Mexicana, S.A. DE C.V. announced that it has received MXN 405 million in funding from Mitsui High-tec, Inc.	CI
2023	Mitsui High-tec Mexicana, S.A. DE C.V. announced that it expects to receive MXN 405 million in funding from Mitsui High-tec, Inc.	CI

Valuation

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	34,425	60,609	149,691	304,486	247,821	256,584	-	-
Enterprise Value (EV) ¹	45,991	78,045	167,170	321,911	262,618	251,650	293,912	294,685
P/E ratio	115 x	-98.3 x	57.7 x	25.9 x	14.1 x	16.2 x	16.5 x	12.8 x
Yield	0.66%	0.36%	0.51%	0.77%	0.96%	1.05%	1.21%	1.4%
Capitalization / Revenue	0.42 x	0.7 x	1.54 x	2.18 x	1.42 x	1.28 x	1.08 x	0.94 x
EV / Revenue	0.56 x	0.9 x	1.72 x	2.31 x	1.5 x	1.28 x	1.24 x	1.08 x
EV / EBITDA	6.91 x	10.7 x	14.7 x	13.7 x	8.18 x	9.69 x	7.22 x	6.16 x
EV / FCF	-5,837,207 x	-19,237,011 x	-56,324,220 x	833,965,131 x	105,511,254 x	-42,753,956 x	-	-
FCF Yield	-0%	-0%	-0%	0%	0%	-0%	-	-
Price to Book	0.72 x	1.33 x	3.15 x	4.98 x	3.09 x	2.6 x	2.48 x	2.16 x
Nbr of stocks (in thousands)	37,665	36,555	36,555	36,553	36,552	36,550	-	-
Reference price ²	914.0	1,658	4,095	8,330	6,780	7,020	7,020	7,020
Announcement Date	14/03/19	13/03/20	15/03/21	14/03/22	14/03/23	12/03/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	81,985	86,970	97,351	139,429	174,615	195,881	236,685	273,883
EBITDA ¹	6,655	7,297	11,368	23,562	32,117	29,433	40,700	47,856
EBIT ¹	499	19	3,790	14,959	22,586	18,119	23,151	28,638
Operating Margin	0.61%	0.02%	3.89%	10.73%	12.93%	9.25%	9.78%	10.46%
Earnings before Tax (EBT) ¹	915	-7	3,502	15,428	22,252	21,792	24,670	29,820
Net income ¹	302	-624	2,592	11,778	17,581	15,545	15,810	20,380
Net margin	0.37%	-0.72%	2.66%	8.45%	10.07%	7.94%	6.68%	7.44%
EPS ²	7.980	-16.86	70.92	322.2	481.0	425.3	426.1	548.2
Free Cash Flow	-7,879	-4,057	-2,968	386	2,489	-5,886	-	-
FCF margin	-9.61%	-4.66%	-3.05%	0.28%	1.43%	-3%	-	-
FCF Conversion (EBITDA)	-	-	-	1.64%	7.75%	-	-	-
FCF Conversion (Net income)	-	-	-	3.28%	14.16%	-	-	-
Dividend per Share ²	6.000	6.000	21.00	64.00	65.00	72.00	84.75	98.40
Announcement Date	14/03/19	13/03/20	15/03/21	14/03/22	14/03/23	12/03/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: January	2020 S1	2020 S2	2021 S1	2021 S2	2022 Q2	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 Q3	2025 Q4
Net sales ¹	42,285	44,685	44,041	53,310	33,183	64,228	34,462	40,739	75,201	42,786	42,675	85,461	45,461	43,693	89,154	45,265	48,349	93,614	50,464	51,803	57,400	60,200	60,200	57,900
EBITDA	-	-	-	-	5,320	-	5,484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-60	79	726	3,064	3,348	5,962	3,590	5,407	8,997	6,603	6,261	12,864	5,633	4,089	9,722	3,823	4,605	8,428	4,648	5,043	5,827	6,895	6,691	5,488
Operating Margin	-0.14%	0.18%	1.65%	5.75%	10.09%	9.28%	10.42%	13.27%	11.96%	15.43%	14.67%	15.05%	12.39%	9.36%	10.9%	8.45%	9.52%	9%	9.21%	9.73%	10.15%	11.45%	11.11%	9.48%
Earnings before Tax (EBT)	12	-19	786	2,716	3,337	6,216	3,989	5,223	9,212	9,529	5,827	15,356	6,903	-7	6,896	4,591	6,201	10,792	6,016	-	-	-	-	-
Net income	-232	-392	530	2,062	2,444	4,509	2,862	4,407	7,269	6,842	4,195	11,037	5,918	626	6,544	3,213	4,494	7,707	4,058	-	-	-	-	-
Net margin	-0.55%	-0.88%	1.2%	3.87%	7.37%	7.02%	8.3%	10.82%	9.67%	15.99%	9.83%	12.91%	13.02%	1.43%	7.34%	7.1%	9.29%	8.23%	8.04%	-	-	-	-	-
EPS ²	-6.230	-10.63	14.52	56.40	66.86	123.4	78.30	120.6	198.9	187.2	114.8	302.0	161.9	17.13	179.0	87.91	123.0	210.9	111.0	103.4	120.4	142.3	136.8	82.08
Dividend per Share	2.000	4.000	3.000	18.00	-	9.000	-	-	55.00	-	-	21.00	-	-	44.00	-	24.00	24.00	-	-	-	-	-	-
Announcement Date	12/09/19	13/03/20	11/09/20	15/03/21	10/09/21	10/09/21	10/12/21	14/03/22	14/03/22	10/06/22	13/09/22	13/09/22	09/12/22	14/03/23	14/03/23	14/06/23	12/09/23	12/09/23	13/12/23	12/03/24	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: January	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	11,566	17,436	17,479	17,425	14,797	28,562	37,328	38,101
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.738 x	2.389 x	1.538 x	0.7395 x	0.4607 x	0.9704 x	0.9171 x	0.7962 x
Free Cash Flow	-7,879	-4,057	-2,968	386	2,489	-5,886	-	-
ROE (net income / shareholders' equity)	0.6%	-1.3%	5.6%	21.7%	24.9%	17.6%	15.5%	17.9%
ROA (Net income/ Total Assets)	1.04%	0.18%	4.21%	13.6%	15.4%	12.2%	-	-
Assets ¹	29,072	-355,860	61,620	86,536	113,944	127,139	-	-
Book Value Per Share ²	1,278	1,248	1,300	1,672	2,197	2,644	2,835	3,248
Cash Flow per Share	170.0	176.0	278.0	558.0	742.0	742.0	-	-
Capex	15,117	10,510	11,925	19,529	19,593	37,562	-	-
Capex / Sales	18.44%	12.08%	12.25%	14.01%	11.22%	19.18%	-	-
Announcement Date	14/03/19	13/03/20	15/03/21	14/03/22	14/03/23	12/03/24	-	-

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

Ratings for Mitsui High-tec, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

7,020 JPY

Average target price

9,933 JPY

Spread / Average Target

+41.50%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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