Stock 6503 MITSUBISHI ELECTRIC CORPORATION
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Financials Mitsubishi Electric Corporation

Equities

6503

JP3902400005

Consumer Goods Conglomerates

Market Closed - Japan Exchange
Other stock markets
 11:30:00 01/05/2024 am IST 		5-day change 1st Jan Change
2,850 JPY +2.78% Intraday chart for Mitsubishi Electric Corporation +17.53% +42.57%
30/04 Wall Street, Earnings, Federal Reserve Roil Asian Stock Markets MT
29/04 Mitsubishi Electric's Attributable Profit Rises 33% in Fiscal 2024 MT

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,51,932 28,63,719 36,18,025 29,77,377 33,32,868 59,51,341 - -
Enterprise Value (EV) 1 28,36,146 27,03,163 32,16,050 25,79,659 30,87,756 52,45,533 52,93,385 51,96,945
P/E ratio 13.5 x 12.9 x 18.7 x 14.8 x 15.6 x 18.5 x 20.5 x 17.7 x
Yield 2.81% 3% 2.13% 2.84% 2.53% 1.67% 1.81% 1.97%
Capitalization / Revenue 0.68 x 0.64 x 0.86 x 0.67 x 0.67 x 1 x 1.13 x 1.09 x
EV / Revenue 0.63 x 0.61 x 0.77 x 0.58 x 0.62 x 1 x 1.01 x 0.95 x
EV / EBITDA 6.04 x 5.73 x 7.13 x 5.57 x 6.16 x 10.2 x 8.72 x 7.84 x
EV / FCF 97.3 x 13.3 x 8.62 x 15.4 x 170 x 31.2 x 9.67 x 20.6 x
FCF Yield 1.03% 7.51% 11.6% 6.49% 0.59% 3.21% 10.3% 4.86%
Price to Book 1.27 x 1.18 x 1.31 x 1 x 1.03 x 1.4 x 1.6 x 1.52 x
Nbr of stocks (in thousands) 21,45,471 21,45,108 21,45,286 21,11,615 21,11,415 20,88,190 - -
Reference price 2 1,422 1,335 1,686 1,410 1,578 2,850 2,850 2,850
Announcement Date 26/04/19 11/05/20 28/04/21 28/04/22 28/04/23 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 45,19,921 44,62,500 41,91,400 44,76,700 50,03,600 52,57,914 52,45,906 54,80,458
EBITDA 1 4,69,369 4,71,679 4,51,341 4,62,944 5,01,207 5,45,222 6,06,990 6,63,228
EBIT 1 2,90,477 2,59,600 2,30,100 2,52,000 2,62,300 3,28,525 3,65,526 4,24,201
Operating Margin 6.43% 5.82% 5.49% 5.63% 5.24% 6.25% 6.97% 7.74%
Earnings before Tax (EBT) 1 3,15,958 2,81,900 2,58,700 2,79,600 2,92,100 3,65,853 3,94,563 4,49,067
Net income 1 2,26,648 2,21,800 1,93,100 2,03,400 2,13,900 2,84,949 2,89,492 3,34,912
Net margin 5.01% 4.97% 4.61% 4.54% 4.27% 5.42% 5.52% 6.11%
EPS 2 105.6 103.4 90.03 95.41 101.3 135.7 139.2 161.1
Free Cash Flow 1 29,149 2,03,001 3,73,199 1,67,504 18,178 1,79,272 5,47,667 2,52,547
FCF margin 0.64% 4.55% 8.9% 3.74% 0.36% 3.47% 10.44% 4.61%
FCF Conversion (EBITDA) 6.21% 43.04% 82.69% 36.18% 3.63% 32.88% 90.23% 38.08%
FCF Conversion (Net income) 12.86% 91.52% 193.27% 82.35% 8.5% 67.52% 189.18% 75.41%
Dividend per Share 2 40.00 40.00 36.00 40.00 40.00 47.53 51.50 56.28
Announcement Date 26/04/19 11/05/20 28/04/21 28/04/22 28/04/23 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 21,82,528 22,79,972 19,02,000 22,89,376 10,71,900 21,38,300 10,42,800 12,95,400 23,38,400 10,67,700 12,71,800 23,39,500 12,25,670 14,38,000 26,64,100 12,20,300 13,18,100 25,38,400 12,43,929 14,75,585 27,19,514 12,00,921 13,10,707 - 12,68,111 14,78,875 -
EBITDA 1 - - - - 1,33,038 - 1,04,857 96,220 - 82,710 98,343 - 1,37,526 1,82,628 - 1,07,914 1,24,095 - 1,40,274 1,68,363 - 1,13,792 1,14,436 - 1,41,441 - -
EBIT 1 1,14,230 1,45,370 61,300 1,68,800 55,100 1,37,800 52,300 61,800 1,14,200 33,900 46,500 80,500 82,722 99,100 1,81,800 61,000 74,800 1,35,800 86,461 1,06,264 1,92,725 67,997 81,542 1,58,000 96,295 1,30,986 2,38,000
Operating Margin 5.23% 6.38% 3.22% 7.37% 5.14% 6.44% 5.02% 4.77% 4.88% 3.18% 3.66% 3.44% 6.75% 6.89% 6.82% 5% 5.67% 5.35% 6.95% 7.2% 7.09% 5.66% 6.22% - 7.59% 8.86% -
Earnings before Tax (EBT) 1 1,24,022 1,57,878 75,600 1,83,100 58,800 1,48,300 58,800 72,400 1,31,300 46,800 56,200 1,03,100 85,959 1,03,041 1,89,000 76,800 82,900 1,59,700 89,214 1,16,939 2,06,153 85,000 92,000 1,72,000 1,07,250 1,47,750 2,52,000
Net income 1 91,253 1,30,547 48,200 1,44,869 43,000 1,04,800 43,600 54,900 98,600 33,400 41,300 74,800 64,518 74,582 1,39,100 57,800 62,300 1,20,200 65,772 98,977 1,64,749 60,953 66,342 1,24,091 77,998 1,08,092 1,85,682
Net margin 4.18% 5.73% 2.53% 6.33% 4.01% 4.9% 4.18% 4.24% 4.22% 3.13% 3.25% 3.2% 5.26% 5.19% 5.22% 4.74% 4.73% 4.74% 5.29% 6.71% 6.06% 5.08% 5.06% - 6.15% 7.31% -
EPS 2 42.54 60.87 22.48 67.55 20.12 48.94 20.50 25.97 46.47 15.86 19.57 35.43 30.56 35.31 65.87 27.41 29.67 57.08 31.43 47.23 78.66 27.03 33.23 59.10 38.11 50.93 88.50
Dividend per Share 2 14.00 26.00 10.00 26.00 14.00 14.00 - 26.00 26.00 - 14.00 14.00 - 26.00 26.00 - 20.00 20.00 - 31.00 24.00 - 22.00 24.00 - 27.00 24.00
Announcement Date 31/10/19 11/05/20 29/10/20 28/04/21 28/10/21 28/10/21 02/02/22 28/04/22 28/04/22 28/07/22 28/10/22 28/10/22 02/02/23 28/04/23 28/04/23 31/07/23 31/10/23 31/10/23 05/02/24 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 - - - - - - - -
Net Cash position 1 2,15,786 1,60,556 4,01,975 3,97,718 2,45,112 3,65,823 6,57,956 7,54,397
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 29,149 2,03,001 3,73,199 1,67,504 18,178 1,79,272 5,47,667 2,52,547
ROE (net income / shareholders' equity) 9.7% 9.2% 7.5% 7.1% 6.9% 8.2% 7.78% 9.02%
ROA (Net income/ Total Assets) 7.33% 6.43% 5.62% 5.65% 5.47% 6.23% 5.6% 5.83%
Assets 1 30,91,993 34,47,504 34,35,705 36,01,913 39,13,175 45,75,759 51,69,505 57,43,454
Book Value Per Share 2 1,119 1,133 1,284 1,409 1,534 1,791 1,776 1,870
Cash Flow per Share 2 189.0 202.0 193.0 194.0 214.0 236.0 359.0 275.0
Capex 1 1,88,042 1,92,833 1,68,920 1,34,337 1,51,117 2,31,848 2,36,796 2,32,005
Capex / Sales 4.16% 4.32% 4.03% 3% 3.02% 4.48% 4.51% 4.23%
Announcement Date 26/04/19 11/05/20 28/04/21 28/04/22 28/04/23 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

Ratings for Mitsubishi Electric Corporation

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
2,850 JPY
Average target price
2,550 JPY
Spread / Average Target
-10.53%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Consumer Goods Conglomerates
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