HITACHI, LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13,475 JPY | +1.81% |
|
+1.09% | +32.50% |
| 03:02am | Hitachi's Attributable Net Income Drops 9.1% in Fiscal 2023 | MT |
| 26/04 | Transcript : Hitachi, Ltd., 2024 Earnings Call, Apr 26, 2024 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,61,688 | 30,36,819 | 48,38,080 | 59,62,899 | 67,99,327 | 1,24,86,227 | - | - |
| Enterprise Value (EV) 1 | 36,58,866 | 37,09,530 | 62,19,550 | 77,44,469 | 78,32,476 | 1,28,84,851 | 1,29,96,351 | 1,29,65,355 |
| P/E ratio | 15.6 x | 34.6 x | 9.64 x | 10.2 x | 10.6 x | 21.9 x | 20.9 x | 17.9 x |
| Yield | 2.51% | 3.02% | 2.1% | 2.03% | 2% | 1.2% | 1.22% | 1.37% |
| Capitalization / Revenue | 0.37 x | 0.35 x | 0.55 x | 0.58 x | 0.62 x | 1.32 x | 1.38 x | 1.29 x |
| EV / Revenue | 0.39 x | 0.42 x | 0.71 x | 0.75 x | 0.72 x | 1.32 x | 1.44 x | 1.34 x |
| EV / EBITDA | 3.26 x | 3.39 x | 6.3 x | 6.06 x | 6.15 x | 10.7 x | 10.2 x | 9.04 x |
| EV / FCF | 8.18 x | 106 x | 18.6 x | -24.3 x | 8.01 x | 15.6 x | 22.2 x | 20.1 x |
| FCF Yield | 12.2% | 0.95% | 5.37% | -4.12% | 12.5% | 6.4% | 4.5% | 4.97% |
| Price to Book | 1.06 x | 0.96 x | 1.37 x | 1.37 x | 1.38 x | 2.26 x | 2.2 x | 2.03 x |
| Nbr of stocks (in thousands) | 9,65,603 | 9,66,217 | 9,66,843 | 9,67,218 | 9,37,580 | 9,26,622 | - | - |
| Reference price 2 | 3,585 | 3,143 | 5,004 | 6,165 | 7,252 | 13,475 | 13,475 | 13,475 |
| Announcement Date | 26/04/19 | 29/05/20 | 28/04/21 | 28/04/22 | 27/04/23 | 26/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 94,80,619 | 87,67,263 | 87,29,196 | 1,02,64,602 | 1,08,81,150 | 97,28,700 | 90,35,516 | 96,63,990 |
| EBITDA 1 | 11,23,020 | 10,95,041 | 9,86,843 | 12,78,488 | 12,74,454 | 12,07,341 | 12,74,003 | 14,33,434 |
| EBIT 1 | 7,54,976 | 6,61,883 | 4,95,180 | 7,38,236 | 7,48,144 | 7,55,800 | 8,14,172 | 9,57,457 |
| Operating Margin | 7.96% | 7.55% | 5.67% | 7.19% | 6.88% | 7.77% | 9.01% | 9.91% |
| Earnings before Tax (EBT) 1 | 5,16,502 | 1,80,268 | 8,44,443 | 8,39,333 | 8,19,971 | 8,25,801 | 7,90,633 | 9,64,141 |
| Net income 1 | 2,22,546 | 87,596 | 5,01,613 | 5,83,470 | 6,49,124 | 5,89,800 | 5,91,814 | 6,92,322 |
| Net margin | 2.35% | 1% | 5.75% | 5.68% | 5.97% | 6.06% | 6.55% | 7.16% |
| EPS 2 | 230.5 | 90.71 | 519.3 | 603.8 | 684.6 | 634.0 | 643.4 | 751.9 |
| Free Cash Flow 1 | 4,47,153 | 35,094 | 3,34,288 | -3,18,923 | 9,78,108 | 8,25,069 | 5,84,836 | 6,44,652 |
| FCF margin | 4.72% | 0.4% | 3.83% | -3.11% | 8.99% | 8.48% | 6.47% | 6.67% |
| FCF Conversion (EBITDA) | 39.82% | 3.2% | 33.87% | - | 76.75% | 68.34% | 45.91% | 44.97% |
| FCF Conversion (Net income) | 200.93% | 40.06% | 66.64% | - | 150.68% | 139.89% | 98.82% | 93.11% |
| Dividend per Share 2 | 90.00 | 95.00 | 105.0 | 125.0 | 145.0 | 161.1 | 164.4 | 185.0 |
| Announcement Date | 26/04/19 | 29/05/20 | 28/04/21 | 28/04/22 | 27/04/23 | 26/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 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 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 42,20,000 | 45,47,263 | 37,60,057 | 49,69,139 | 24,65,228 | 48,32,665 | 25,14,000 | 29,17,937 | 54,31,937 | 25,69,816 | 28,46,963 | 54,16,779 | 26,92,017 | 27,72,354 | 54,64,371 | 23,22,488 | 26,37,581 | 49,60,069 | 22,58,085 | 25,10,500 | 47,68,700 | 20,49,070 | 22,21,370 | - | 22,36,070 | 24,46,780 | - |
| EBITDA 1 | - | - | - | - | 3,11,691 | - | 2,99,663 | 3,96,195 | - | - | 3,52,600 | - | 3,06,100 | 3,40,980 | - | 2,51,903 | 3,20,500 | - | 3,03,734 | 3,31,121 | - | 2,30,930 | 2,90,401 | - | 3,11,391 | - | - |
| EBIT 1 | 2,97,200 | 3,64,683 | 1,80,788 | 3,14,392 | 1,79,572 | 3,10,055 | 1,74,405 | 2,53,776 | 4,28,181 | 1,21,553 | 2,03,076 | 3,24,629 | 2,02,870 | 2,20,645 | 4,23,515 | 1,30,546 | 1,94,936 | 3,25,482 | 2,00,219 | 2,30,100 | 4,30,400 | 1,40,613 | 1,92,714 | - | 2,02,888 | 2,98,888 | - |
| Operating Margin | 7.04% | 8.02% | 4.81% | 6.33% | 7.28% | 6.42% | 6.94% | 8.7% | 7.88% | 4.73% | 7.13% | 5.99% | 7.54% | 7.96% | 7.75% | 5.62% | 7.39% | 6.56% | 8.87% | 9.17% | 9.03% | 6.86% | 8.68% | - | 9.07% | 12.22% | - |
| Earnings before Tax (EBT) 1 | 2,88,976 | - | 3,84,254 | 4,60,189 | 2,53,252 | 4,20,107 | 1,73,149 | 2,46,077 | 4,19,226 | 76,606 | 2,05,539 | 2,82,145 | 1,74,674 | 3,63,152 | 5,37,826 | 1,15,485 | 2,06,571 | 3,22,056 | 3,20,051 | 1,83,694 | 5,03,745 | - | - | - | - | - | - |
| Net income 1 | 1,89,293 | - | 2,50,755 | 2,50,858 | 2,00,213 | 3,22,444 | 1,28,341 | 1,32,685 | 2,61,026 | 37,158 | 1,35,357 | 1,72,515 | 1,19,717 | 3,56,892 | 4,76,609 | 70,021 | 1,39,082 | 2,09,103 | 2,35,989 | 1,44,800 | 3,80,700 | 1,02,506 | 1,42,644 | - | 1,61,263 | 1,85,000 | - |
| Net margin | 4.49% | - | 6.67% | 5.05% | 8.12% | 6.67% | 5.11% | 4.55% | 4.81% | 1.45% | 4.75% | 3.18% | 4.45% | 12.87% | 8.72% | 3.01% | 5.27% | 4.22% | 10.45% | 5.77% | 7.98% | 5% | 6.42% | - | 7.21% | 7.56% | - |
| EPS 2 | 196.0 | - | 259.6 | 259.7 | 207.2 | 333.7 | 132.8 | 137.3 | 270.1 | 38.53 | 141.5 | 180.0 | 127.0 | 377.6 | - | 74.79 | 149.4 | 224.1 | 254.1 | 155.8 | 409.9 | 114.7 | 158.5 | 266.3 | 175.0 | 221.8 | 409.8 |
| Dividend per Share 2 | 45.00 | - | 50.00 | 55.00 | 60.00 | 60.00 | - | 65.00 | 65.00 | - | 70.00 | 70.00 | - | - | 75.00 | - | 80.00 | 80.00 | - | 75.00 | 85.00 | - | 85.00 | 90.00 | - | 82.50 | 95.00 |
| Announcement Date | 30/10/19 | 29/05/20 | 28/10/20 | 28/04/21 | 27/10/21 | 27/10/21 | 02/02/22 | 28/04/22 | 28/04/22 | 29/07/22 | 28/10/22 | 28/10/22 | 01/02/23 | 27/04/23 | 27/04/23 | 28/07/23 | 27/10/23 | 27/10/23 | 31/01/24 | 26/04/24 | 26/04/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,97,178 | 6,72,711 | 13,81,470 | 17,81,570 | 10,33,149 | 11,32,364 | 5,10,123 | 4,79,128 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.1756 x | 0.6143 x | 1.4 x | 1.393 x | 0.8107 x | 0.9259 x | 0.4004 x | 0.3343 x |
| Free Cash Flow 1 | 4,47,153 | 35,094 | 3,34,288 | -3,18,923 | 9,78,108 | 8,25,069 | 5,84,836 | 6,44,652 |
| ROE (net income / shareholders' equity) | 6.8% | 2.7% | 15% | 14.8% | 14% | 11.1% | 10.3% | 11.7% |
| ROA (Net income/ Total Assets) | 5.23% | 1.84% | 4.61% | 6.52% | 6.21% | 6.68% | 7.2% | 6.06% |
| Assets 1 | 42,51,239 | 47,51,511 | 1,08,80,976 | 89,46,827 | 1,04,45,297 | 88,28,667 | 82,19,636 | 1,14,32,467 |
| Book Value Per Share 2 | 3,379 | 3,270 | 3,646 | 4,489 | 5,272 | 6,155 | 6,136 | 6,645 |
| Cash Flow per Share 2 | 632.0 | 539.0 | 1,028 | 1,163 | 1,240 | 1,120 | 1,078 | 1,305 |
| Capex 1 | 3,82,351 | 3,22,894 | 2,54,750 | 2,96,968 | 2,52,638 | 2,32,874 | 3,14,167 | 2,98,333 |
| Capex / Sales | 4.03% | 3.68% | 2.92% | 2.89% | 2.32% | 2.39% | 3.48% | 3.09% |
| Announcement Date | 26/04/19 | 29/05/20 | 28/04/21 | 28/04/22 | 27/04/23 | 26/04/24 | - | - |
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
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
13,475
JPY
Average target price
14,193
JPY
Spread / Average Target
+5.33%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +32.50% | 79.32B | |
| +11.85% | 869B | |
| 0.00% | 239B | |
| -7.75% | 126B | |
| -5.21% | 74.17B | |
| -16.00% | 50.82B | |
| -24.57% | 38.6B | |
| +19.71% | 31.74B | |
| +14.46% | 29.82B | |
| +63.27% | 28.73B |
- Stock Market
- Equities
- 6501 Stock
- Financials Hitachi, Ltd.
