ISUZU MOTORS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,948 JPY | -2.06% |
|
0.00% | +7.27% |
| 25/04 | Toyota pilots EV pickup trucks in key Thai market | RE |
| 25/03 | Chinese EV makers take centre stage at Bangkok motor show, to unveil new models | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,72,342 | 5,27,564 | 8,76,936 | 12,30,917 | 12,24,015 | 14,06,680 | - | - |
| Enterprise Value (EV) 1 | 10,30,404 | 5,20,957 | 7,68,305 | 13,80,709 | 13,53,571 | 15,33,607 | 14,30,563 | 14,03,693 |
| P/E ratio | 9.68 x | 6.49 x | 20.5 x | 9.75 x | 8.07 x | 8.49 x | 8.28 x | 7.66 x |
| Yield | 2.54% | 5.31% | 2.52% | 4.16% | 5% | 4.47% | 4.65% | 5.02% |
| Capitalization / Revenue | 0.5 x | 0.25 x | 0.46 x | 0.49 x | 0.38 x | 0.41 x | 0.41 x | 0.39 x |
| EV / Revenue | 0.48 x | 0.25 x | 0.4 x | 0.55 x | 0.42 x | 0.45 x | 0.41 x | 0.39 x |
| EV / EBITDA | 4.18 x | 2.4 x | 4.31 x | 4.84 x | 3.75 x | 4.02 x | 3.7 x | 3.41 x |
| EV / FCF | 14.7 x | 16.8 x | 5.93 x | -5.55 x | 9.24 x | 7.42 x | 9.41 x | 9.44 x |
| FCF Yield | 6.79% | 5.96% | 16.9% | -18% | 10.8% | 13.5% | 10.6% | 10.6% |
| Price to Book | 1.15 x | 0.55 x | 0.86 x | 1.03 x | 0.94 x | 1.05 x | 0.98 x | 0.91 x |
| Nbr of stocks (in thousands) | 7,37,512 | 7,37,543 | 7,37,541 | 7,75,137 | 7,75,183 | 7,22,115 | - | - |
| Reference price 2 | 1,454 | 715.3 | 1,189 | 1,588 | 1,579 | 1,948 | 1,948 | 1,948 |
| Announcement Date | 13/05/19 | 26/05/20 | 13/05/21 | 13/05/22 | 12/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 21,49,168 | 20,79,936 | 19,08,150 | 25,14,291 | 31,95,537 | 34,16,443 | 34,49,738 | 36,37,289 |
| EBITDA 1 | 2,46,757 | 2,16,795 | 1,78,266 | 2,85,532 | 3,60,801 | 3,81,081 | 3,86,586 | 4,12,164 |
| EBIT 1 | 1,76,781 | 1,40,582 | 95,732 | 1,87,197 | 2,53,546 | 2,89,940 | 2,87,051 | 3,06,576 |
| Operating Margin | 8.23% | 6.76% | 5.02% | 7.45% | 7.93% | 8.49% | 8.32% | 8.43% |
| Earnings before Tax (EBT) 1 | 1,86,108 | 1,43,511 | 86,829 | 2,04,281 | 2,69,841 | 3,01,021 | 3,05,584 | 3,28,876 |
| Net income 1 | 1,13,444 | 81,232 | 42,708 | 1,26,193 | 1,51,743 | 1,74,786 | 1,78,003 | 1,92,337 |
| Net margin | 5.28% | 3.91% | 2.24% | 5.02% | 4.75% | 5.12% | 5.16% | 5.29% |
| EPS 2 | 150.2 | 110.1 | 57.91 | 162.9 | 195.8 | 229.4 | 235.2 | 254.2 |
| Free Cash Flow 1 | 69,977 | 31,042 | 1,29,505 | -2,48,811 | 1,46,558 | 2,06,661 | 1,51,966 | 1,48,668 |
| FCF margin | 3.26% | 1.49% | 6.79% | -9.9% | 4.59% | 6.05% | 4.41% | 4.09% |
| FCF Conversion (EBITDA) | 28.36% | 14.32% | 72.65% | - | 40.62% | 54.23% | 39.31% | 36.07% |
| FCF Conversion (Net income) | 61.68% | 38.21% | 303.23% | - | 96.58% | 118.24% | 85.37% | 77.3% |
| Dividend per Share 2 | 37.00 | 38.00 | 30.00 | 66.00 | 79.00 | 87.17 | 90.67 | 97.75 |
| Announcement Date | 13/05/19 | 26/05/20 | 13/05/21 | 13/05/22 | 12/05/23 | - | - | - |
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 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,20,115 | 10,59,821 | 7,92,862 | 11,15,288 | 6,15,442 | 11,45,050 | 6,38,751 | 7,30,490 | 13,69,241 | 6,88,201 | 8,05,131 | 14,93,332 | 8,50,652 | 8,51,553 | 17,02,205 | 7,75,466 | 8,62,513 | 16,37,979 | 9,03,500 | 8,76,201 | 18,02,763 | 7,59,596 | 8,46,667 | 16,31,650 | 8,51,339 | 9,53,054 | 18,26,281 | 16,63,315 | 18,64,837 |
| EBITDA 1 | - | - | - | - | 67,765 | - | 79,830 | 64,504 | - | 80,280 | 84,117 | - | - | - | - | 95,803 | 1,03,085 | - | - | 50,508 | - | 74,300 | 82,926 | - | 1,24,214 | 76,980 | - | - | - |
| EBIT 1 | 71,351 | 69,231 | 16,795 | 78,937 | 37,958 | 97,294 | 51,322 | 38,581 | 89,903 | 54,771 | 57,423 | 1,12,194 | 85,691 | 55,661 | 1,41,352 | 68,606 | 74,589 | 1,43,195 | 1,10,400 | 36,292 | 1,52,022 | 76,179 | 69,854 | 1,93,838 | 91,917 | 47,162 | 1,26,579 | 1,80,128 | 1,09,914 |
| Operating Margin | 6.99% | 6.53% | 2.12% | 7.08% | 6.17% | 8.5% | 8.03% | 5.28% | 6.57% | 7.96% | 7.13% | 7.51% | 10.07% | 6.54% | 8.3% | 8.85% | 8.65% | 8.74% | 12.22% | 4.14% | 8.43% | 10.03% | 8.25% | 11.88% | 10.8% | 4.95% | 6.93% | 10.83% | 5.89% |
| Earnings before Tax (EBT) 1 | 72,484 | 71,027 | 13,396 | 73,433 | 43,897 | 1,05,716 | 53,402 | 45,163 | - | 58,368 | 67,615 | 1,25,983 | 85,746 | 58,112 | 1,43,858 | 72,542 | 83,359 | 1,55,901 | 1,11,385 | 37,286 | 1,48,480 | 92,259 | 80,749 | 2,03,716 | 93,259 | 46,699 | 1,27,716 | 1,88,785 | 1,09,870 |
| Net income 1 | 39,832 | - | -1,743 | 44,451 | 24,713 | 71,142 | 33,527 | 21,524 | 55,051 | 36,051 | 36,945 | 72,996 | 52,855 | 25,892 | - | 45,041 | 43,067 | 88,108 | 71,300 | 15,800 | 87,000 | 34,549 | 35,806 | - | 56,849 | 32,270 | - | - | - |
| Net margin | 3.9% | - | -0.22% | 3.99% | 4.02% | 6.21% | 5.25% | 2.95% | 4.02% | 5.24% | 4.59% | 4.89% | 6.21% | 3.04% | - | 5.81% | 4.99% | 5.38% | 7.89% | 1.8% | 4.83% | 4.55% | 4.23% | - | 6.68% | 3.39% | - | - | - |
| EPS 2 | 54.01 | 56.13 | -2.360 | 60.27 | 31.82 | 91.87 | 43.24 | 27.76 | 71.00 | 46.51 | 47.66 | 94.17 | 68.18 | 33.40 | 101.6 | 58.11 | 55.55 | 113.7 | 92.65 | 31.00 | 124.4 | 62.29 | 57.83 | 161.3 | 76.28 | 34.79 | 100.2 | 149.2 | 86.16 |
| Dividend per Share 2 | 19.00 | - | 10.00 | - | 29.00 | 29.00 | - | 37.00 | - | - | 36.00 | 36.00 | - | 43.00 | - | - | 43.00 | 43.00 | - | 55.00 | - | - | 42.00 | - | - | 42.00 | - | - | - |
| Announcement Date | 08/11/19 | 26/05/20 | 06/11/20 | 13/05/21 | 08/11/21 | 08/11/21 | 10/02/22 | 13/05/22 | 13/05/22 | 05/08/22 | 09/11/22 | 09/11/22 | 09/02/23 | 12/05/23 | 12/05/23 | 09/08/23 | 10/11/23 | 10/11/23 | 09/02/24 | - | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 1,49,792 | 1,29,556 | 1,26,928 | 23,884 | - |
| Net Cash position 1 | 41,938 | 6,607 | 1,08,631 | - | - | - | - | 2,987 |
| Leverage (Debt/EBITDA) | - | - | - | 0.5246 x | 0.3591 x | 0.3331 x | 0.0618 x | - |
| Free Cash Flow 1 | 69,977 | 31,042 | 1,29,505 | -2,48,811 | 1,46,558 | 2,06,661 | 1,51,966 | 1,48,668 |
| ROE (net income / shareholders' equity) | 12.3% | 8.6% | 4.3% | 11.4% | 12.1% | 13% | 12.2% | 12.2% |
| ROA (Net income/ Total Assets) | 9% | 7.05% | 4.74% | 8.17% | 9.14% | 8.03% | 7.94% | 8.23% |
| Assets 1 | 12,60,006 | 11,52,984 | 9,00,540 | 15,44,399 | 16,59,540 | 21,76,088 | 22,41,515 | 23,37,779 |
| Book Value Per Share 2 | 1,261 | 1,292 | 1,385 | 1,541 | 1,688 | 1,854 | 1,998 | 2,152 |
| Cash Flow per Share 2 | 243.0 | 213.0 | 170.0 | 290.0 | 334.0 | 329.0 | 387.0 | 407.0 |
| Capex 1 | 94,768 | 1,03,467 | 97,891 | 1,00,325 | 82,200 | 1,42,977 | 1,41,500 | 1,46,000 |
| Capex / Sales | 4.41% | 4.97% | 5.13% | 3.99% | 2.57% | 4.18% | 4.1% | 4.01% |
| Announcement Date | 13/05/19 | 26/05/20 | 13/05/21 | 13/05/22 | 12/05/23 | - | - | - |
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
HOLD
Number of Analysts
12
Last Close Price
1,948
JPY
Average target price
2,236
JPY
Spread / Average Target
+14.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.27% | 9.15B | |
| +38.24% | 314B | |
| +14.58% | 78.46B | |
| +1.61% | 68.77B | |
| +21.62% | 55.9B | |
| +24.36% | 50.94B | |
| +2.46% | 49.86B | |
| +29.85% | 45.16B | |
| +23.34% | 39.53B | |
| +26.81% | 29.16B |
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