MITSUBISHI GAS CHEMICAL COMPANY, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,870 JPY | +1.18% |
|
+3.95% | +27.24% |
| 10/04 | MITSUBISHI GAS CHEMICAL - TO EXPAND TEXAS PLANT'S PRODUCTION CAP… | RE |
| 12/02 | Mitsubishi Gas Chemical's Attributable Profit Drops 10% in Fiscal Nine Months | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,37,338 | 2,44,585 | 5,64,549 | 4,32,944 | 4,01,589 | 5,74,660 | - | - |
| Enterprise Value (EV) 1 | 3,41,572 | 2,37,556 | 5,60,970 | 4,38,537 | 4,40,061 | 5,18,596 | 6,19,942 | 6,31,191 |
| P/E ratio | 6.13 x | 11.7 x | 15.7 x | 8.96 x | 8.21 x | 13.6 x | 13.5 x | 11.3 x |
| Yield | 4.43% | 5.95% | 2.58% | 3.84% | 4.08% | 3.09% | 2.87% | 3.07% |
| Capitalization / Revenue | 0.52 x | 0.4 x | 0.95 x | 0.61 x | 0.51 x | 0.64 x | 0.73 x | 0.71 x |
| EV / Revenue | 0.53 x | 0.39 x | 0.94 x | 0.62 x | 0.56 x | 0.64 x | 0.79 x | 0.78 x |
| EV / EBITDA | 4.94 x | 3.72 x | 7.46 x | 5 x | 5.3 x | 6.11 x | 6.85 x | 6.2 x |
| EV / FCF | 13.8 x | 7.46 x | 36.9 x | -103 x | -58.7 x | 322 x | 131 x | 60.1 x |
| FCF Yield | 7.25% | 13.4% | 2.71% | -0.97% | -1.7% | 0.31% | 0.77% | 1.66% |
| Price to Book | 0.67 x | 0.5 x | 1.08 x | 0.76 x | 0.66 x | 0.79 x | 0.86 x | 0.82 x |
| Nbr of stocks (in thousands) | 2,13,640 | 2,07,981 | 2,08,014 | 2,08,046 | 2,04,579 | 2,00,230 | - | - |
| Reference price 2 | 1,579 | 1,176 | 2,714 | 2,081 | 1,963 | 2,870 | 2,870 | 2,870 |
| Announcement Date | 13/05/19 | 12/05/20 | 11/05/21 | 12/05/22 | 12/05/23 | 10/05/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,48,986 | 6,13,344 | 5,95,718 | 7,05,656 | 7,81,211 | 8,13,417 | 7,83,175 | 8,07,629 |
| EBITDA 1 | 69,097 | 63,851 | 75,196 | 87,755 | 83,000 | 84,900 | 90,548 | 1,01,744 |
| EBIT 1 | 41,386 | 34,260 | 44,510 | 55,360 | 49,030 | 47,337 | 49,450 | 57,843 |
| Operating Margin | 6.38% | 5.59% | 7.47% | 7.85% | 6.28% | 5.82% | 6.31% | 7.16% |
| Earnings before Tax (EBT) 1 | 69,066 | 34,343 | 48,951 | 69,628 | 70,239 | 60,887 | 63,850 | 72,275 |
| Net income 1 | 55,000 | 21,158 | 36,070 | 48,295 | 49,085 | 38,818 | 42,488 | 50,829 |
| Net margin | 8.47% | 3.45% | 6.05% | 6.84% | 6.28% | 4.77% | 5.43% | 6.29% |
| EPS 2 | 257.5 | 100.5 | 173.4 | 232.2 | 239.1 | 191.0 | 212.0 | 254.7 |
| Free Cash Flow 1 | 24,763 | 31,845 | 15,182 | -4,257 | -7,499 | 2,000 | 4,750 | 10,500 |
| FCF margin | 3.82% | 5.19% | 2.55% | -0.6% | -0.96% | 0.25% | 0.61% | 1.3% |
| FCF Conversion (EBITDA) | 35.84% | 49.87% | 20.19% | - | - | 2.39% | 5.25% | 10.32% |
| FCF Conversion (Net income) | 45.02% | 150.51% | 42.09% | - | - | 4.17% | 11.18% | 20.66% |
| Dividend per Share 2 | 70.00 | 70.00 | 70.00 | 80.00 | 80.00 | 80.00 | 82.25 | 88.00 |
| Announcement Date | 13/05/19 | 12/05/20 | 11/05/21 | 12/05/22 | 12/05/23 | 10/05/24 | - | - |
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 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,03,369 | 3,09,975 | 2,66,637 | 3,29,081 | 1,75,845 | 3,35,881 | 1,89,416 | 1,80,359 | 3,69,775 | 1,93,982 | 2,00,918 | 3,94,900 | 2,04,400 | 1,81,911 | 3,86,311 | 1,87,000 | 2,12,600 | 3,99,600 | 2,22,100 | 1,91,717 | 4,13,817 | 1,84,300 | 2,04,167 | 2,07,333 | 1,95,467 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 16,034 | 18,226 | 14,370 | 30,140 | 15,422 | 30,038 | 14,850 | 10,472 | 25,322 | 18,844 | 14,656 | 33,500 | 11,900 | 3,630 | 15,530 | 6,200 | 15,800 | 22,100 | 16,500 | 8,737 | 25,237 | 12,300 | 15,967 | 15,233 | 9,000 |
| Operating Margin | 5.29% | 5.88% | 5.39% | 9.16% | 8.77% | 8.94% | 7.84% | 5.81% | 6.85% | 9.71% | 7.29% | 8.48% | 5.82% | 2% | 4.02% | 3.32% | 7.43% | 5.53% | 7.43% | 4.56% | 6.1% | 6.67% | 7.82% | 7.35% | 4.6% |
| Earnings before Tax (EBT) | 14,411 | 19,932 | 17,770 | 31,181 | 18,095 | 38,434 | 17,611 | 13,583 | 31,194 | 24,756 | 24,844 | 49,600 | 13,990 | 6,649 | 20,639 | 24,448 | 18,246 | 42,694 | 16,062 | 2,131 | 18,193 | 13,500 | 19,500 | 18,000 | 12,000 |
| Net income 1 | 8,147 | 13,011 | 14,255 | 21,815 | 13,836 | 28,188 | 11,162 | 8,945 | 20,107 | 16,113 | 18,087 | 34,200 | 10,300 | 4,585 | 14,885 | 19,800 | 11,400 | 31,200 | 8,800 | -1,182 | 7,618 | 11,400 | 13,900 | 12,500 | 8,550 |
| Net margin | 2.69% | 4.2% | 5.35% | 6.63% | 7.87% | 8.39% | 5.89% | 4.96% | 5.44% | 8.31% | 9% | 8.66% | 5.04% | 2.52% | 3.85% | 10.59% | 5.36% | 7.81% | 3.96% | -0.62% | 1.84% | 6.19% | 6.81% | 6.03% | 4.37% |
| EPS 2 | 38.45 | - | 68.54 | - | 66.50 | 135.5 | 53.66 | 42.99 | - | 77.73 | 88.60 | 166.3 | 50.26 | 22.49 | - | 97.00 | 55.67 | 152.7 | 43.51 | -5.210 | - | 64.94 | - | 62.44 | - |
| Dividend per Share 2 | 35.00 | - | 35.00 | - | - | 45.00 | - | - | - | - | - | 40.00 | - | - | - | - | - | 40.00 | - | 42.00 | - | - | 44.00 | - | 44.00 |
| Announcement Date | 05/11/19 | 12/05/20 | 02/11/20 | 11/05/21 | 05/11/21 | 05/11/21 | 08/02/22 | 12/05/22 | 12/05/22 | 05/08/22 | 08/11/22 | 08/11/22 | 09/02/23 | 12/05/23 | 12/05/23 | 07/08/23 | 08/11/23 | 08/11/23 | 09/02/24 | 10/05/24 | 10/05/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,234 | - | - | 5,593 | 38,472 | 69,644 | 45,282 | 56,531 |
| Net Cash position 1 | - | 7,029 | 3,579 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.0613 x | - | - | 0.0637 x | 0.4635 x | 0.8316 x | 0.5001 x | 0.5556 x |
| Free Cash Flow 1 | 24,763 | 31,845 | 15,182 | -4,257 | -7,499 | 2,000 | 4,750 | 10,500 |
| ROE (net income / shareholders' equity) | 11.3% | 4.3% | 7.1% | 8.8% | 8.3% | 6.1% | 6.89% | 7.24% |
| ROA (Net income/ Total Assets) | 8.67% | 3.95% | 6.25% | 8.4% | 7.13% | 4.39% | 6.24% | 6.36% |
| Assets 1 | 6,34,467 | 5,35,741 | 5,77,270 | 5,74,775 | 6,88,800 | 8,84,166 | 6,80,889 | 7,99,191 |
| Book Value Per Share 2 | 2,354 | 2,368 | 2,520 | 2,734 | 2,970 | 3,285 | 3,336 | 3,497 |
| Cash Flow per Share 2 | 386.0 | 241.0 | 321.0 | 386.0 | 403.0 | 370.0 | 377.0 | - |
| Capex 1 | 39,279 | 42,389 | 40,282 | 54,793 | 64,650 | 81,800 | 74,625 | 74,125 |
| Capex / Sales | 6.05% | 6.91% | 6.76% | 7.76% | 8.28% | 10.09% | 9.53% | 9.18% |
| Announcement Date | 13/05/19 | 12/05/20 | 11/05/21 | 12/05/22 | 12/05/23 | 10/05/24 | - | - |
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
OUTPERFORM
Number of Analysts
8
Last Close Price
2,870
JPY
Average target price
2,811
JPY
Spread / Average Target
-2.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +27.24% | 3.65B | |
| +5.97% | 105B | |
| -4.19% | 63.99B | |
| +51.90% | 43.02B | |
| +17.44% | 39.28B | |
| +6.62% | 33.09B | |
| +13.00% | 20.23B | |
| +15.64% | 17.39B | |
| +22.55% | 15.45B | |
| +7.34% | 15.07B |
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