MITSUBISHI HEAVY INDUSTRIES, LTD. Financials Mitsubishi Heavy Industries, Ltd. OTC Markets
Equities
MHVIY
US6067934041
Consumer Goods Conglomerates
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.25 USD | +3.08% |
|
0.00% | 0.00% |
| 12:39pm | Edison, Framatome and Milan university team up on civil nuclear energy | RE |
| 09:01am | Japan's Nikkei ends higher as market gauges US election outlook | RE |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,17,961 | 11,59,302 | 13,49,470 | 16,37,734 | 48,67,863 | 65,08,426 | - | - |
| Enterprise Value (EV) 1 | 20,07,204 | 21,49,890 | 21,13,486 | 24,82,505 | 55,79,540 | 72,86,280 | 71,61,475 | 69,28,979 |
| P/E ratio | 10.5 x | 28.5 x | 11.9 x | 12.6 x | 21.9 x | 23.6 x | 21.1 x | 18.4 x |
| Yield | 5.49% | 2.17% | 2.49% | 2.67% | 1.38% | 1.21% | 1.39% | 1.6% |
| Capitalization / Revenue | 0.23 x | 0.31 x | 0.35 x | 0.39 x | 1.05 x | 1.32 x | 1.24 x | 1.16 x |
| EV / Revenue | 0.5 x | 0.58 x | 0.55 x | 0.59 x | 1.2 x | 1.48 x | 1.36 x | 1.23 x |
| EV / EBITDA | 6.82 x | 7.4 x | 7.23 x | 7.5 x | 12.7 x | 13.9 x | 12.3 x | 10.7 x |
| EV / FCF | 9.73 x | -7.76 x | 7 x | 70.3 x | 32.7 x | 36.9 x | 33.1 x | 23.5 x |
| FCF Yield | 10.3% | -12.9% | 14.3% | 1.42% | 3.06% | 2.71% | 3.02% | 4.25% |
| Price to Book | 0.75 x | 0.85 x | 0.86 x | 0.94 x | 2.17 x | 2.67 x | 2.44 x | 2.15 x |
| Nbr of stocks (in thousands) | 33,59,417 | 33,61,269 | 33,56,891 | 33,58,765 | 33,60,623 | 33,60,922 | - | - |
| Reference price 2 | 273.2 | 344.9 | 402.0 | 487.6 | 1,448 | 1,844 | 1,844 | 1,844 |
| Announcement Date | 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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 40,41,376 | 36,99,946 | 38,60,283 | 42,02,797 | 46,57,147 | 49,21,545 | 52,47,055 | 56,16,338 |
| EBITDA 1 | 2,94,429 | 2,90,357 | 2,92,400 | 3,31,100 | 4,38,440 | 5,22,333 | 5,83,411 | 6,47,428 |
| EBIT 1 | 1,26,162 | 52,099 | 99,184 | 1,41,379 | 2,82,541 | 3,73,900 | 4,25,991 | 4,85,000 |
| Operating Margin | 3.12% | 1.41% | 2.57% | 3.36% | 6.07% | 7.6% | 8.12% | 8.64% |
| Earnings before Tax (EBT) 1 | -32,660 | 49,355 | 1,73,684 | 1,91,126 | 3,15,187 | 3,84,464 | 4,27,173 | 4,89,875 |
| Net income 1 | 87,123 | 40,639 | 1,13,541 | 1,30,451 | 2,22,023 | 2,65,091 | 2,95,055 | 3,37,562 |
| Net margin | 2.16% | 1.1% | 2.94% | 3.1% | 4.77% | 5.39% | 5.62% | 6.01% |
| EPS 2 | 25.94 | 12.09 | 33.82 | 38.84 | 66.07 | 78.28 | 87.18 | 100.3 |
| Free Cash Flow 1 | 2,06,273 | -2,77,197 | 3,01,869 | 35,313 | 1,70,700 | 1,97,476 | 2,16,252 | 2,94,611 |
| FCF margin | 5.1% | -7.49% | 7.82% | 0.84% | 3.67% | 4.01% | 4.12% | 5.25% |
| FCF Conversion (EBITDA) | 70.06% | - | 103.24% | 10.67% | 38.93% | 37.81% | 37.07% | 45.5% |
| FCF Conversion (Net income) | 236.76% | - | 265.87% | 27.07% | 76.88% | 74.49% | 73.29% | 87.28% |
| Dividend per Share 2 | 15.00 | 7.500 | 10.00 | 13.00 | 20.00 | 22.29 | 25.55 | 29.50 |
| Announcement Date | 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: März | 2020 S2 | 2021 S1 | 2021 S2 | 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 | 21,63,713 | 16,58,625 | - | 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 | 15,28,525 | 28,17,300 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -15,094 | - | 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 | 1,27,433 | 2,21,700 |
| Operating Margin | - | -0.91% | - | 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% | 8.34% | 7.87% |
| Earnings before Tax (EBT) 1 | -93,520 | -72,849 | - | 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 | 1,35,167 | - |
| Net income 1 | 57,886 | -57,081 | - | 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 | 96,333 | - |
| Net margin | 2.68% | -3.44% | - | 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% | 6.3% | - |
| EPS 2 | - | -16.99 | - | 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 | 38.10 | - |
| Dividend per Share | 7.500 | - | 7.500 | 4.500 | - | - | 5.500 | - | - | 6.000 | - | - | 7.000 | - | - | 8.000 | - | - | - | - | - | - | - | - |
| Announcement Date | 11/05/20 | 30/10/20 | 10/05/21 | 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: März | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 10,89,243 | 9,90,588 | 7,64,016 | 8,44,771 | 7,11,677 | 7,77,854 | 6,53,049 | 4,20,553 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.7 x | 3.412 x | 2.613 x | 2.551 x | 1.623 x | 1.489 x | 1.119 x | 0.6496 x |
| Free Cash Flow 1 | 2,06,273 | -2,77,197 | 3,01,869 | 35,313 | 1,70,700 | 1,97,476 | 2,16,252 | 2,94,611 |
| ROE (net income / shareholders' equity) | 6.6% | 3.1% | 7.7% | 7.9% | 6.55% | 11.6% | 12.1% | 12.3% |
| ROA (Net income/ Total Assets) | -0.64% | 1.01% | 3.5% | 3.61% | 2.22% | 3.94% | 4.37% | 4.76% |
| Assets 1 | -1,35,09,117 | 40,33,207 | 32,44,770 | 36,14,442 | 99,83,049 | 67,28,196 | 67,59,043 | 70,91,649 |
| Book Value Per Share 2 | 363.0 | 406.0 | 470.0 | 518.0 | 668.0 | 691.0 | 757.0 | 859.0 |
| Cash Flow per Share 2 | 122.0 | 83.00 | 74.30 | 83.10 | 112.0 | 117.0 | 124.0 | 139.0 |
| Capex 1 | 2,46,291 | 1,46,212 | 1,29,256 | 1,31,905 | 1,60,486 | 1,76,097 | 1,80,081 | 1,79,097 |
| Capex / Sales | 6.09% | 3.95% | 3.35% | 3.14% | 3.45% | 3.58% | 3.43% | 3.19% |
| Announcement Date | 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
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
1,844
JPY
Average target price
1,673
JPY
Spread / Average Target
-9.23%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.39% | 937B | |
| +2.43% | 245B | |
| +26.83% | 175B | |
| +3.99% | 140B | |
| +86.14% | 109B | |
| -3.41% | 73.62B | |
| -5.38% | 56.84B | |
| +42.62% | 36.73B | |
| +17.39% | 31.27B |
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