Financials Mitsubishi Heavy Industries, Ltd. OTC Markets

Equities

MHVYF

JP3900000005

Consumer Goods Conglomerates

Delayed OTC Markets 11:47:22 26/06/2024 pm IST 5-day change 1st Jan Change
10.49 USD +1.45% Intraday chart for Mitsubishi Heavy Industries, Ltd. +0.62% +79.38%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,43,282 9,17,961 11,59,302 13,49,470 16,37,734 56,12,241 - -
Enterprise Value (EV) 1 22,37,124 20,07,204 21,49,890 21,13,486 24,82,505 55,79,540 63,95,850 62,86,296
P/E ratio 15.2 x 10.5 x 28.5 x 11.9 x 12.6 x 21.9 x 22 x 19.5 x
Yield 2.83% 5.49% 2.17% 2.49% 2.67% 1.38% 1.33% 1.53%
Capitalization / Revenue 0.38 x 0.23 x 0.31 x 0.35 x 0.39 x 1.05 x 1.14 x 1.07 x
EV / Revenue 0.55 x 0.5 x 0.58 x 0.55 x 0.59 x 1.2 x 1.3 x 1.2 x
EV / EBITDA 5.8 x 6.82 x 7.4 x 7.23 x 7.5 x 12.7 x 12.4 x 10.9 x
EV / FCF 9.21 x 9.73 x -7.76 x 7 x 70.3 x 32.7 x 32.4 x 31.3 x
FCF Yield 10.9% 10.3% -12.9% 14.3% 1.42% 3.06% 3.09% 3.2%
Price to Book 1.08 x 0.75 x 0.85 x 0.86 x 0.94 x 2.17 x 2.42 x 2.22 x
Nbr of stocks (in thousands) 33,56,420 33,59,417 33,61,269 33,56,891 33,58,765 33,60,623 - -
Reference price 2 459.8 273.2 344.9 402.0 487.6 1,670 1,670 1,670
Announcement Date 09/05/19 11/05/20 10/05/21 12/05/22 10/05/23 08/05/24 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 40,78,344 40,41,376 36,99,946 38,60,283 42,02,797 46,57,147 49,10,636 52,28,873
EBITDA 1 3,85,485 2,94,429 2,90,357 2,92,400 3,31,100 4,38,440 5,15,833 5,76,367
EBIT 1 2,26,419 1,26,162 52,099 99,184 1,41,379 2,82,541 3,69,567 4,20,173
Operating Margin 5.55% 3.12% 1.41% 2.57% 3.36% 6.07% 7.53% 8.04%
Earnings before Tax (EBT) 1 1,82,624 -32,660 49,355 1,73,684 1,91,126 3,15,187 3,75,010 4,20,355
Net income 1 1,01,354 87,123 40,639 1,13,541 1,30,451 2,22,023 2,54,222 2,89,691
Net margin 2.49% 2.16% 1.1% 2.94% 3.1% 4.77% 5.18% 5.54%
EPS 2 30.20 25.94 12.09 33.82 38.84 66.07 76.08 85.59
Free Cash Flow 1 2,43,000 2,06,273 -2,77,197 3,01,869 35,313 1,70,700 1,97,476 2,01,003
FCF margin 5.96% 5.1% -7.49% 7.82% 0.84% 3.67% 4.02% 3.84%
FCF Conversion (EBITDA) 63.04% 70.06% - 103.24% 10.67% 38.93% 38.28% 34.87%
FCF Conversion (Net income) 239.75% 236.76% - 265.87% 27.07% 76.88% 77.68% 69.39%
Dividend per Share 2 13.00 15.00 7.500 10.00 13.00 20.00 22.29 25.55
Announcement Date 09/05/19 11/05/20 10/05/21 12/05/22 10/05/23 08/05/24 - -
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 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4 2025 S2
Net sales 1 18,77,663 21,63,713 16,58,625 - 8,12,032 16,63,747 9,81,628 12,14,908 - 8,71,332 10,03,935 18,75,267 10,62,779 12,64,751 - 9,83,980 10,85,292 20,69,272 11,91,394 13,96,480 10,42,675 11,65,250 22,29,700 12,28,800 14,98,525 28,17,300
EBITDA - - - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 75,109 - -15,094 - 4,743 26,211 29,872 43,101 - 255 32,151 32,406 43,172 65,801 - 36,447 45,734 82,181 90,676 90,916 61,967 94,833 1,45,400 98,467 1,14,433 2,21,700
Operating Margin 4% - -0.91% - 0.58% 1.58% 3.04% 3.55% - 0.03% 3.2% 1.73% 4.06% 5.2% - 3.7% 4.21% 3.97% 7.61% 6.51% 5.94% 8.14% 6.52% 8.01% 7.64% 7.87%
Earnings before Tax (EBT) 1 60,860 -93,520 -72,849 - 5,450 26,534 61,034 86,116 - 35,560 55,831 91,391 22,271 77,464 - 75,701 58,013 1,33,714 73,884 1,07,588 66,500 94,333 - 90,667 1,18,833 -
Net income 1 29,237 57,886 -57,081 - -570 12,081 37,938 63,522 - 19,193 34,939 54,132 12,309 64,010 - 53,187 38,757 91,944 46,106 83,973 43,167 64,667 - 63,500 83,667 -
Net margin 1.56% 2.68% -3.44% - -0.07% 0.73% 3.86% 5.23% - 2.2% 3.48% 2.89% 1.16% 5.06% - 5.41% 3.57% 4.44% 3.87% 6.01% 4.14% 5.55% - 5.17% 5.58% -
EPS 2 8.706 - -16.99 - -0.1690 3.599 11.30 18.92 - 5.716 10.40 16.12 3.664 19.06 - 15.83 11.53 27.36 13.72 24.99 13.70 20.20 - 20.40 26.90 -
Dividend per Share 7.500 7.500 - 7.500 - 4.500 - - 5.500 - - 6.000 - - 7.000 - - 8.000 - - - - - - - -
Announcement Date 31/10/19 11/05/20 30/10/20 10/05/21 29/10/21 29/10/21 07/02/22 12/05/22 12/05/22 05/08/22 01/11/22 01/11/22 07/02/23 10/05/23 10/05/23 04/08/23 06/11/23 06/11/23 06/02/24 08/05/24 - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,93,842 10,89,243 9,90,588 7,64,016 8,44,771 7,11,677 7,83,609 6,74,055
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.8 x 3.7 x 3.412 x 2.613 x 2.551 x 1.623 x 1.519 x 1.169 x
Free Cash Flow 1 2,43,000 2,06,273 -2,77,197 3,01,869 35,313 1,70,700 1,97,476 2,01,003
ROE (net income / shareholders' equity) 7.2% 6.6% 3.1% 7.7% 7.9% 6.55% 11.4% 11.9%
ROA (Net income/ Total Assets) 3.44% -0.64% 1.01% 3.5% 3.61% 2.22% 3.94% 4.37%
Assets 1 29,49,862 -1,35,09,117 40,33,207 32,44,770 36,14,442 99,83,049 64,52,341 66,36,174
Book Value Per Share 2 426.0 363.0 406.0 470.0 518.0 668.0 690.0 753.0
Cash Flow per Share 2 89.40 122.0 83.00 74.30 83.10 112.0 117.0 124.0
Capex 1 1,47,300 2,46,291 1,46,212 1,29,256 1,31,905 1,60,486 1,76,097 1,84,581
Capex / Sales 3.61% 6.09% 3.95% 3.35% 3.14% 3.45% 3.59% 3.53%
Announcement Date 09/05/19 11/05/20 10/05/21 12/05/22 10/05/23 08/05/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
1,670 JPY
Average target price
1,640 JPY
Spread / Average Target
-1.80%
Consensus
  1. Stock Market
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  4. MHVYF Stock
  5. Financials Mitsubishi Heavy Industries, Ltd.