MITSUBISHI CHEMICAL GROUP CORPORATION |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 897.3 JPY | 0.00% |
|
-0.17% | +3.85% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,06,648 | 9,12,789 | 11,78,667 | 11,61,147 | 11,17,284 | 12,76,434 | - | - |
| Enterprise Value (EV) 1 | 29,89,889 | 29,67,832 | 31,78,594 | 30,24,242 | 30,63,828 | 32,33,568 | 31,71,182 | 30,90,833 |
| P/E ratio | 6.54 x | 16.9 x | -156 x | 6.55 x | 11.6 x | 11 x | 10.8 x | 9.62 x |
| Yield | 5.13% | 4.98% | 2.89% | 3.67% | 3.82% | 3.57% | 3.67% | 3.84% |
| Capitalization / Revenue | 0.28 x | 0.25 x | 0.36 x | 0.29 x | 0.24 x | 0.29 x | 0.28 x | 0.27 x |
| EV / Revenue | 0.76 x | 0.83 x | 0.98 x | 0.76 x | 0.66 x | 0.74 x | 0.7 x | 0.66 x |
| EV / EBITDA | 6.01 x | 7.73 x | 10.9 x | 5.45 x | 6.77 x | 6.05 x | 5.68 x | 5.29 x |
| EV / FCF | -6.24 x | 14 x | 15.6 x | 13.9 x | 28.5 x | 16.9 x | 25.3 x | 21.4 x |
| FCF Yield | -16% | 7.13% | 6.4% | 7.21% | 3.51% | 5.92% | 3.95% | 4.68% |
| Price to Book | 0.8 x | 0.78 x | 0.95 x | 0.8 x | 0.71 x | 0.77 x | 0.73 x | 0.69 x |
| Nbr of stocks (in thousands) | 14,19,872 | 14,20,020 | 14,20,252 | 14,21,059 | 14,22,023 | 14,22,528 | - | - |
| Reference price 2 | 779.4 | 642.8 | 829.9 | 817.1 | 785.7 | 897.3 | 897.3 | 897.3 |
| Announcement Date | 14/05/19 | 13/05/20 | 12/05/21 | 13/05/22 | 12/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 39,23,444 | 35,80,510 | 32,57,535 | 39,76,948 | 46,34,532 | 43,78,705 | 45,36,391 | 46,98,085 |
| EBITDA 1 | 4,97,282 | 3,84,109 | 2,91,311 | 5,54,663 | 4,52,334 | 5,34,079 | 5,58,121 | 5,84,375 |
| EBIT 1 | 2,97,950 | 1,44,285 | 47,518 | 3,03,194 | 1,82,718 | 2,64,667 | 2,67,900 | 2,95,950 |
| Operating Margin | 7.59% | 4.03% | 1.46% | 7.62% | 3.94% | 6.04% | 5.91% | 6.3% |
| Earnings before Tax (EBT) 1 | 2,88,056 | 1,22,003 | 32,908 | 2,90,370 | 1,67,964 | 2,46,646 | 2,43,518 | 2,68,419 |
| Net income 1 | 1,69,530 | 54,077 | -7,557 | 1,77,162 | 96,066 | 1,16,850 | 1,17,718 | 1,32,651 |
| Net margin | 4.32% | 1.51% | -0.23% | 4.45% | 2.07% | 2.67% | 2.59% | 2.82% |
| EPS 2 | 119.2 | 38.08 | -5.320 | 124.7 | 67.57 | 81.81 | 82.76 | 93.27 |
| Free Cash Flow 1 | -4,79,493 | 2,11,613 | 2,03,418 | 2,18,090 | 1,07,557 | 1,91,500 | 1,25,400 | 1,44,600 |
| FCF margin | -12.22% | 5.91% | 6.24% | 5.48% | 2.32% | 4.37% | 2.76% | 3.08% |
| FCF Conversion (EBITDA) | - | 55.09% | 69.83% | 39.32% | 23.78% | 35.86% | 22.47% | 24.74% |
| FCF Conversion (Net income) | - | 391.32% | - | 123.1% | 111.96% | 163.89% | 106.53% | 109.01% |
| Dividend per Share 2 | 40.00 | 32.00 | 24.00 | 30.00 | 30.00 | 32.00 | 32.89 | 34.50 |
| Announcement Date | 14/05/19 | 13/05/20 | 12/05/21 | 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 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,27,690 | 17,53,000 | 15,04,816 | 17,52,719 | 9,56,795 | 18,85,095 | 10,15,199 | 9,86,654 | 20,91,853 | 11,06,500 | 11,63,300 | 22,69,800 | 11,36,357 | 12,28,367 | 23,64,724 | 10,61,200 | 10,88,700 | 21,49,900 | 10,95,242 | 11,07,330 | 22,31,300 | 10,91,750 | 11,60,950 | 11,53,500 | 11,80,100 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,30,557 | 13,728 | -28,126 | 75,644 | 66,137 | 1,53,137 | 65,100 | 84,957 | 1,50,057 | 68,000 | 50,400 | 1,18,400 | -69,730 | 1,34,096 | 64,366 | 69,700 | 68,900 | 1,38,600 | 73,882 | 74,500 | - | 68,500 | 66,500 | 76,000 | 63,000 |
| Operating Margin | 7.14% | 0.78% | -1.87% | 4.32% | 6.91% | 8.12% | 6.41% | 8.61% | 7.17% | 6.15% | 4.33% | 5.22% | -6.14% | 10.92% | 2.72% | 6.57% | 6.33% | 6.45% | 6.75% | 6.73% | - | 6.27% | 5.73% | 6.59% | 5.34% |
| Earnings before Tax (EBT) 1 | 1,22,428 | -425 | -36,800 | 69,708 | 61,865 | 1,47,165 | 61,012 | 82,193 | 1,43,205 | 75,100 | 46,900 | 1,22,000 | -82,760 | 1,28,757 | 45,997 | 68,800 | 61,400 | 1,30,200 | 61,633 | 55,139 | 97,000 | 52,910 | 58,140 | 67,200 | 50,800 |
| Net income 1 | 81,318 | -27,241 | -49,687 | 42,130 | 35,266 | 85,166 | 36,966 | 55,030 | 91,996 | 44,900 | 29,000 | 73,900 | -56,905 | 79,027 | 22,122 | 42,500 | 24,700 | 67,200 | 36,652 | 21,479 | 45,600 | 24,560 | 28,140 | 34,150 | 23,100 |
| Net margin | 4.45% | -1.55% | -3.3% | 2.4% | 3.69% | 4.52% | 3.64% | 5.58% | 4.4% | 4.06% | 2.49% | 3.26% | -5.01% | 6.43% | 0.94% | 4% | 2.27% | 3.13% | 3.35% | 1.94% | 2.04% | 2.25% | 2.42% | 2.96% | 1.96% |
| EPS 2 | 57.27 | - | -34.99 | - | 24.80 | 59.94 | 26.01 | 38.73 | - | 31.58 | 20.44 | 52.02 | -40.03 | 55.58 | - | 29.91 | 17.34 | 47.25 | 25.77 | 13.81 | - | 13.44 | 19.18 | 24.25 | 13.36 |
| Dividend per Share 2 | 20.00 | - | 12.00 | - | 15.00 | 15.00 | - | 15.00 | - | - | 15.00 | 15.00 | - | 15.00 | - | - | 16.00 | 16.00 | - | 16.00 | - | - | 16.00 | - | 16.00 |
| Announcement Date | 01/11/19 | 13/05/20 | 04/11/20 | 12/05/21 | 02/11/21 | 02/11/21 | 03/02/22 | 13/05/22 | 13/05/22 | 03/08/22 | 08/11/22 | 08/11/22 | 07/02/23 | 12/05/23 | 12/05/23 | 02/08/23 | 01/11/23 | 01/11/23 | 06/02/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 18,83,241 | 20,55,043 | 19,99,927 | 18,63,095 | 19,46,544 | 19,57,134 | 18,94,747 | 18,14,398 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.787 x | 5.35 x | 6.865 x | 3.359 x | 4.303 x | 3.664 x | 3.395 x | 3.105 x |
| Free Cash Flow 1 | -4,79,493 | 2,11,613 | 2,03,418 | 2,18,090 | 1,07,557 | 1,91,500 | 1,25,400 | 1,44,600 |
| ROE (net income / shareholders' equity) | 12.7% | 4.2% | -0.6% | 13.2% | 6.4% | 7.58% | 7.1% | 7.61% |
| ROA (Net income/ Total Assets) | 5.61% | 2.28% | -0.15% | 5.35% | 2.96% | 2.99% | 3.17% | 3.42% |
| Assets 1 | 30,23,019 | 23,72,381 | 52,11,724 | 33,13,316 | 32,45,144 | 39,09,982 | 37,08,232 | 38,78,957 |
| Book Value Per Share 2 | 970.0 | 824.0 | 870.0 | 1,026 | 1,100 | 1,166 | 1,225 | 1,293 |
| Cash Flow per Share 2 | 259.0 | 207.0 | 166.0 | 302.0 | 257.0 | 304.0 | 264.0 | 264.0 |
| Capex 1 | 2,31,742 | 2,40,390 | 2,63,715 | 2,54,589 | 2,82,173 | 3,24,500 | 3,15,000 | 3,17,500 |
| Capex / Sales | 5.91% | 6.71% | 8.1% | 6.4% | 6.09% | 7.41% | 6.94% | 6.76% |
| Announcement Date | 14/05/19 | 13/05/20 | 12/05/21 | 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
OUTPERFORM
Number of Analysts
10
Last Close Price
897.3
JPY
Average target price
959.4
JPY
Spread / Average Target
+6.93%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.85% | 8.11B | |
| -0.19% | 74.89B | |
| +0.09% | 46.52B | |
| -4.19% | 30.82B | |
| +10.20% | 18.19B | |
| -10.05% | 11.54B | |
| +6.39% | 11.24B | |
| -8.09% | 9.73B | |
| +2.79% | 9.4B | |
| +5.57% | 9.37B |
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