HINO MOTORS, LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 452.3 JPY | -2.23% |
|
-4.21% | -2.40% |
| 25/04 | Hino Motors, Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 | CI |
| 08/04 | Toyota tightens oversight over scandal-hit small car unit Daihatsu | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,34,949 | 3,33,511 | 5,46,475 | 4,13,300 | 3,17,437 | 2,59,632 | - | - |
| Enterprise Value (EV) 1 | 7,36,138 | 5,06,546 | 6,69,830 | 5,18,039 | 5,41,063 | 2,92,753 | 5,12,982 | 5,34,636 |
| P/E ratio | 9.74 x | 10.6 x | -73 x | -4.88 x | -2.7 x | 17.1 x | 25.4 x | 8.38 x |
| Yield | 3.11% | 3.44% | 1.26% | 1.39% | - | - | 1.39% | 1.96% |
| Capitalization / Revenue | 0.27 x | 0.18 x | 0.36 x | 0.28 x | 0.21 x | 0.19 x | 0.16 x | 0.15 x |
| EV / Revenue | 0.37 x | 0.28 x | 0.45 x | 0.35 x | 0.36 x | 0.19 x | 0.31 x | 0.31 x |
| EV / EBITDA | 5.07 x | 4.49 x | 10 x | 5.84 x | 7.24 x | 9.53 x | 5.7 x | 4.67 x |
| EV / FCF | -37.3 x | 19.6 x | 12.1 x | 11.6 x | -4.93 x | -18.3 x | -13.5 x | -60 x |
| FCF Yield | -2.68% | 5.1% | 8.26% | 8.6% | -20.3% | -5.47% | -7.39% | -1.67% |
| Price to Book | 0.99 x | 0.62 x | 0.99 x | 0.9 x | 0.86 x | 0.73 x | 0.67 x | 0.64 x |
| Nbr of stocks (in thousands) | 5,73,980 | 5,74,030 | 5,74,029 | 5,74,027 | 5,74,027 | 5,74,026 | - | - |
| Reference price 2 | 932.0 | 581.0 | 952.0 | 720.0 | 553.0 | 452.3 | 452.3 | 452.3 |
| Announcement Date | 25/04/19 | 11/05/20 | 27/04/21 | 27/04/22 | 26/04/23 | 25/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 19,81,331 | 18,15,597 | 14,98,442 | 14,59,706 | 15,07,336 | 15,16,255 | 16,54,382 | 17,34,544 |
| EBITDA 1 | 1,45,256 | 1,12,870 | 67,004 | 88,766 | 74,699 | 53,758 | 89,965 | 1,14,597 |
| EBIT 1 | 86,717 | 54,859 | 12,250 | 33,810 | 17,406 | -8,103 | 25,441 | 59,092 |
| Operating Margin | 4.38% | 3.02% | 0.82% | 2.32% | 1.15% | -0.53% | 1.54% | 3.41% |
| Earnings before Tax (EBT) 1 | 82,523 | 50,973 | -1,883 | -31,484 | -89,524 | 43,088 | 25,531 | 52,016 |
| Net income 1 | 54,908 | 31,467 | -7,489 | -84,732 | -1,17,664 | 17,087 | 10,250 | 31,023 |
| Net margin | 2.77% | 1.73% | -0.5% | -5.8% | -7.81% | 1.13% | 0.62% | 1.79% |
| EPS 2 | 95.66 | 54.82 | -13.05 | -147.6 | -205.0 | 29.77 | 17.80 | 53.96 |
| Free Cash Flow 1 | -19,758 | 25,855 | 55,326 | 44,530 | -1,09,788 | -28,031 | -37,899 | -8,907 |
| FCF margin | -1% | 1.42% | 3.69% | 3.05% | -7.28% | -1.87% | -2.29% | -0.51% |
| FCF Conversion (EBITDA) | - | 22.91% | 82.57% | 50.17% | - | - | - | - |
| FCF Conversion (Net income) | - | 82.17% | - | - | - | - | - | - |
| Dividend per Share 2 | 29.00 | 20.00 | 12.00 | 10.00 | - | - | 6.300 | 8.850 |
| Announcement Date | 25/04/19 | 11/05/20 | 27/04/21 | 27/04/22 | 26/04/23 | 25/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 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 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,46,069 | 6,66,279 | 8,32,163 | 3,45,838 | 6,89,385 | 3,80,042 | 3,90,279 | 7,70,321 | 3,55,856 | 3,77,503 | 7,33,359 | 3,77,018 | 3,96,959 | 7,73,977 | 3,71,914 | 3,83,474 | 7,55,388 | 3,86,124 | 3,74,743 | 7,60,867 | 3,70,700 | 4,16,750 | 7,78,648 | 4,37,950 | 4,44,400 | 8,44,341 | 8,04,403 | 8,46,642 |
| EBITDA 1 | - | - | - | 30,665 | - | 32,112 | -1,480 | - | 18,504 | 26,751 | - | 22,971 | 6,473 | - | 14,466 | 19,260 | - | 11,542 | 7,582 | - | 12,682 | 25,262 | - | 18,983 | 24,616 | - | - | - |
| EBIT 1 | 32,789 | -11,671 | 23,921 | 15,639 | 31,812 | 18,022 | -16,024 | - | 4,316 | 12,299 | 16,615 | 9,020 | -8,229 | 791 | 1,134 | 5,632 | 6,766 | -2,098 | -12,771 | -14,869 | 9,026 | 17,904 | 57,124 | 3,244 | -4,626 | -31,575 | 71,043 | -18,318 |
| Operating Margin | 3.47% | -1.75% | 2.87% | 4.52% | 4.61% | 4.74% | -4.11% | - | 1.21% | 3.26% | 2.27% | 2.39% | -2.07% | 0.1% | 0.3% | 1.47% | 0.9% | -0.54% | -3.41% | -1.95% | 2.43% | 4.3% | 7.34% | 0.74% | -1.04% | -3.74% | 8.83% | -2.16% |
| Earnings before Tax (EBT) 1 | 29,840 | -12,934 | 11,051 | 9,805 | 23,000 | 14,944 | - | - | 6,039 | 10,513 | 16,552 | -21,287 | -84,789 | -1,06,076 | -10,830 | 23,663 | 12,833 | -4,047 | 34,302 | 30,255 | 13,726 | 22,173 | 58,198 | 3,837 | -8,173 | -22,572 | 73,842 | -9,429 |
| Net income 1 | 18,567 | -9,624 | 2,135 | 5,415 | 11,756 | 7,080 | -1,03,568 | - | 723 | 2,755 | 3,478 | -27,199 | -93,943 | - | -16,524 | 16,600 | 76 | -10,343 | 27,354 | 17,011 | -455.6 | 3,005 | - | 1,158 | 2,520 | - | - | - |
| Net margin | 1.96% | -1.44% | 0.26% | 1.57% | 1.71% | 1.86% | -26.54% | - | 0.2% | 0.73% | 0.47% | -7.21% | -23.67% | - | -4.44% | 4.33% | 0.01% | -2.68% | 7.3% | 2.24% | -0.12% | 0.72% | - | 0.26% | 0.57% | - | - | - |
| EPS 2 | 32.35 | -16.77 | - | 9.430 | 20.48 | 12.33 | -180.4 | - | 1.260 | 4.800 | 6.060 | -47.38 | -163.7 | -211.0 | -28.79 | 28.92 | 0.1300 | -18.02 | 47.66 | 29.64 | 26.43 | 48.47 | 74.91 | -8.029 | -40.86 | -48.88 | 96.48 | -15.46 |
| Dividend per Share 2 | 13.00 | 5.000 | - | 10.00 | 10.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.000 | - | - | 2.000 | - | - | - |
| Announcement Date | 30/10/19 | 29/10/20 | 27/04/21 | 28/10/21 | 28/10/21 | 31/01/22 | 27/04/22 | 27/04/22 | 28/07/22 | 27/10/22 | 27/10/22 | 02/02/23 | 26/04/23 | 26/04/23 | 27/07/23 | 27/10/23 | 27/10/23 | 01/02/24 | 25/04/24 | 25/04/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,01,189 | 1,73,035 | 1,23,355 | 1,04,739 | 2,23,626 | 2,52,717 | 2,53,350 | 2,75,004 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.385 x | 1.533 x | 1.841 x | 1.18 x | 2.994 x | 4.701 x | 2.816 x | 2.4 x |
| Free Cash Flow 1 | -19,758 | 25,855 | 55,326 | 44,530 | -1,09,788 | -28,031 | -37,899 | -8,907 |
| ROE (net income / shareholders' equity) | 10.5% | 5.8% | -1.4% | -16.7% | -28.5% | 4.5% | 2.55% | 7.73% |
| ROA (Net income/ Total Assets) | 6.35% | 3.78% | 0.98% | 3.05% | 1.21% | -2.71% | 1.53% | 2.54% |
| Assets 1 | 8,64,169 | 8,31,438 | -7,65,504 | -27,76,942 | -97,63,999 | 6,85,476 | 6,70,276 | 12,22,233 |
| Book Value Per Share 2 | 945.0 | 945.0 | 966.0 | 798.0 | 641.0 | 696.0 | 675.0 | 710.0 |
| Cash Flow per Share 2 | 198.0 | 156.0 | 82.30 | 186.0 | -105.0 | 128.0 | 149.0 | 139.0 |
| Capex 1 | 68,411 | 69,321 | 53,103 | 59,931 | 68,989 | 73,747 | 78,667 | 80,313 |
| Capex / Sales | 3.45% | 3.82% | 3.54% | 4.11% | 4.58% | 4.86% | 4.76% | 4.63% |
| Announcement Date | 25/04/19 | 11/05/20 | 27/04/21 | 27/04/22 | 26/04/23 | 25/04/24 | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
452.3
JPY
Average target price
491.1
JPY
Spread / Average Target
+8.58%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.40% | 1.65B | |
| +35.50% | 300B | |
| +18.88% | 82.12B | |
| +5.58% | 71.52B | |
| +7.42% | 70.32B | |
| +19.41% | 53.62B | |
| +27.62% | 52.28B | |
| +4.92% | 51.06B | |
| +28.00% | 43.93B | |
| +22.60% | 39.41B |
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- Financials Hino Motors, Ltd
