MITSUBISHI CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,529 JPY | +0.92% |
|
+2.23% | +56.60% |
| 02:34am | Australia's Ardea Resources teams up with Sumitomo, Mitsubishi for nickel project | RE |
| 25/04 | Frontier Lithium Brief: Frontier and Mitsubishi Corp Complete JV Transaction | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 48,77,049 | 34,16,596 | 46,19,678 | 67,92,741 | 68,08,344 | 1,44,58,903 | - | - |
| Enterprise Value (EV) 1 | 86,00,617 | 88,98,402 | 1,01,13,686 | 1,15,42,936 | 1,12,78,853 | 1,75,00,574 | 1,75,11,416 | 1,80,46,708 |
| P/E ratio | 8.25 x | 6.58 x | 26.8 x | 7.24 x | 5.87 x | 15 x | 13.1 x | 14.6 x |
| Yield | 4.07% | 5.76% | 4.28% | 3.26% | 3.79% | 1.98% | 2.37% | 2.54% |
| Capitalization / Revenue | 0.3 x | 0.23 x | 0.36 x | 0.39 x | 0.32 x | 0.73 x | 0.72 x | 0.75 x |
| EV / Revenue | 0.53 x | 0.6 x | 0.78 x | 0.67 x | 0.52 x | 0.88 x | 0.87 x | 0.93 x |
| EV / EBITDA | 10.3 x | 11 x | 13.8 x | 9.13 x | 7.34 x | 12.2 x | 11.1 x | 12 x |
| EV / FCF | 22.7 x | 17 x | 16.1 x | 13 x | 6.44 x | 20.7 x | 20.3 x | 23.7 x |
| FCF Yield | 4.41% | 5.89% | 6.22% | 7.7% | 15.5% | 4.83% | 4.93% | 4.22% |
| Price to Book | 0.86 x | 0.65 x | 0.82 x | 0.99 x | 0.84 x | 1.66 x | 1.54 x | 1.45 x |
| Nbr of stocks (in thousands) | 47,59,645 | 44,72,960 | 44,27,807 | 44,29,086 | 42,99,102 | 40,97,167 | - | - |
| Reference price 2 | 1,025 | 763.8 | 1,043 | 1,534 | 1,584 | 3,529 | 3,529 | 3,529 |
| Announcement Date | 09/05/19 | 08/05/20 | 07/05/21 | 10/05/22 | 09/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,61,03,763 | 1,47,79,734 | 1,28,84,521 | 1,72,64,828 | 2,15,71,973 | 1,97,78,091 | 2,00,15,491 | 1,93,53,354 |
| EBITDA 1 | 8,34,998 | 8,06,312 | 7,31,229 | 12,63,768 | 15,35,738 | 14,37,760 | 15,71,861 | 14,99,206 |
| EBIT 1 | 5,84,489 | 3,57,899 | 2,07,399 | 7,18,725 | 9,52,444 | 8,58,034 | 9,01,939 | 7,92,306 |
| Operating Margin | 3.63% | 2.42% | 1.61% | 4.16% | 4.42% | 4.34% | 4.51% | 4.09% |
| Earnings before Tax (EBT) 1 | 8,51,813 | 6,48,864 | 2,53,527 | 12,93,116 | 16,80,631 | 14,00,693 | 15,22,293 | 13,55,500 |
| Net income 1 | 5,90,737 | 5,35,353 | 1,72,550 | 9,37,529 | 11,80,694 | 9,82,966 | 10,90,002 | 9,61,150 |
| Net margin | 3.67% | 3.62% | 1.34% | 5.43% | 5.47% | 4.97% | 5.45% | 4.97% |
| EPS 2 | 124.1 | 116.2 | 38.95 | 211.7 | 269.8 | 234.8 | 269.5 | 241.1 |
| Free Cash Flow 1 | 3,78,994 | 5,23,714 | 6,28,569 | 8,88,294 | 17,52,672 | 8,45,676 | 8,62,991 | 7,61,562 |
| FCF margin | 2.35% | 3.54% | 4.88% | 5.15% | 8.12% | 4.28% | 4.31% | 3.94% |
| FCF Conversion (EBITDA) | 45.39% | 64.95% | 85.96% | 70.29% | 114.13% | 58.82% | 54.9% | 50.8% |
| FCF Conversion (Net income) | 64.16% | 97.83% | 364.28% | 94.75% | 148.44% | 86.03% | 79.17% | 79.23% |
| Dividend per Share 2 | 41.67 | 44.00 | 44.67 | 50.00 | 60.00 | 70.00 | 83.56 | 89.62 |
| Announcement Date | 09/05/19 | 08/05/20 | 07/05/21 | 10/05/22 | 09/05/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 77,23,892 | 57,28,347 | 37,93,730 | 39,33,005 | 77,26,735 | 46,44,403 | 48,93,690 | 95,38,093 | 54,43,439 | 52,78,439 | 1,07,21,878 | 55,62,666 | 52,87,429 | - | 47,35,665 | 48,25,346 | 95,61,011 | 51,44,571 | 51,40,633 | 49,25,092 | 50,18,360 | 53,50,354 |
| EBITDA 1 | - | - | 2,17,225 | 2,42,566 | - | 3,69,202 | 4,34,775 | - | 5,40,463 | 2,78,047 | - | 3,54,770 | 3,62,458 | - | 3,77,485 | 2,59,452 | - | 3,62,572 | 3,25,049 | 3,96,404 | 3,99,029 | 4,13,589 |
| EBIT 1 | 1,92,095 | 73,303 | 82,363 | 1,08,581 | 1,90,944 | 2,33,114 | 2,94,667 | 5,27,781 | 3,99,776 | 1,36,070 | 5,35,846 | 2,09,200 | 2,07,398 | - | 2,31,875 | 1,09,599 | 3,41,474 | 2,14,572 | 1,77,392 | 2,46,255 | 2,50,918 | 2,67,518 |
| Operating Margin | 2.49% | 1.28% | 2.17% | 2.76% | 2.47% | 5.02% | 6.02% | 5.53% | 7.34% | 2.58% | 5% | 3.76% | 3.92% | - | 4.9% | 2.27% | 3.57% | 4.17% | 3.45% | 5% | 5% | 5% |
| Earnings before Tax (EBT) | 3,56,440 | 1,43,477 | 2,47,775 | - | 4,99,365 | 4,07,195 | 3,86,556 | 7,93,751 | 7,39,293 | - | 10,06,419 | 3,37,854 | 3,36,358 | - | 4,44,700 | - | 6,74,186 | 3,31,031 | 3,59,800 | - | - | - |
| Net income 1 | 2,42,359 | 86,687 | 1,87,572 | 1,72,988 | 3,60,560 | 2,84,208 | 2,92,761 | 5,76,969 | 5,33,951 | 1,86,055 | 7,20,006 | 2,35,753 | 2,24,935 | 4,60,688 | 3,17,721 | 1,48,355 | 4,66,076 | 2,30,538 | 2,90,062 | 3,30,250 | 1,14,042 | 1,62,326 |
| Net margin | 3.14% | 1.51% | 4.94% | 4.4% | 4.67% | 6.12% | 5.98% | 6.05% | 9.81% | 3.52% | 6.72% | 4.24% | 4.25% | - | 6.71% | 3.07% | 4.87% | 4.48% | 5.64% | 6.71% | 2.27% | 3.03% |
| EPS 2 | 51.66 | 19.56 | 42.36 | 39.06 | 81.42 | 64.17 | 66.10 | 130.3 | 120.7 | 42.10 | 162.8 | 54.14 | 52.11 | - | 74.52 | 35.52 | 110.0 | 55.39 | 81.13 | 81.27 | 28.40 | 40.92 |
| Dividend per Share 2 | - | 22.33 | - | 23.67 | 23.67 | - | 26.33 | - | - | 25.67 | 25.67 | - | 34.33 | - | - | 35.00 | 35.00 | - | 35.00 | - | 42.50 | - |
| Announcement Date | 06/11/19 | 05/11/20 | 03/08/21 | 05/11/21 | 05/11/21 | 03/02/22 | 10/05/22 | 10/05/22 | 02/08/22 | 08/11/22 | 08/11/22 | 03/02/23 | 09/05/23 | 09/05/23 | 03/08/23 | 02/11/23 | 02/11/23 | 06/02/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 37,23,568 | 54,81,806 | 54,94,008 | 47,50,195 | 44,70,509 | 30,41,671 | 30,52,513 | 35,87,805 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.459 x | 6.799 x | 7.513 x | 3.759 x | 2.911 x | 2.116 x | 1.942 x | 2.393 x |
| Free Cash Flow 1 | 3,78,994 | 5,23,714 | 6,28,569 | 8,88,294 | 17,52,672 | 8,45,676 | 8,62,991 | 7,61,562 |
| ROE (net income / shareholders' equity) | 10.7% | 9.8% | 3.2% | 15% | 15.8% | 11.6% | 11.9% | 10.1% |
| ROA (Net income/ Total Assets) | 5.23% | 3.75% | 1.38% | 6.38% | 7.63% | 3.72% | 4.42% | 4.11% |
| Assets 1 | 1,12,93,673 | 1,42,66,341 | 1,24,83,722 | 1,46,98,590 | 1,54,78,462 | 2,64,35,694 | 2,46,87,203 | 2,33,77,109 |
| Book Value Per Share 2 | 1,196 | 1,174 | 1,268 | 1,553 | 1,883 | 2,126 | 2,293 | 2,435 |
| Cash Flow per Share 2 | 177.0 | 213.0 | 157.0 | 335.0 | 403.0 | 350.0 | 375.0 | 351.0 |
| Capex 1 | 2,18,580 | 3,26,014 | 3,88,981 | 3,93,833 | 4,54,954 | 5,93,530 | 5,97,721 | 6,02,080 |
| Capex / Sales | 1.36% | 2.21% | 3.02% | 2.28% | 2.11% | 3% | 2.99% | 3.11% |
| Announcement Date | 09/05/19 | 08/05/20 | 07/05/21 | 10/05/22 | 09/05/23 | - | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
3,529
JPY
Average target price
3,480
JPY
Spread / Average Target
-1.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +56.60% | 91.85B | |
| +19.61% | 63.05B | |
| +8.09% | 42.1B | |
| +27.08% | 30.34B | |
| +21.43% | 28.92B | |
| +16.39% | 21.62B | |
| +16.68% | 17.92B | |
| -3.13% | 12.84B | |
| +4.06% | 5.92B | |
| -27.24% | 5.61B |
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