HITACHI, LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13,475 JPY | +1.81% |
|
+1.09% | +32.50% |
| Apr. 26 | Transcript : Hitachi, Ltd., 2024 Earnings Call, Apr 26, 2024 | |
| Apr. 26 | Hitachi, Ltd. Provides Earnings Guidance for the Year Ending March 31, 2025 | CI |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,461,688 | 3,036,819 | 4,838,080 | 5,962,899 | 6,799,327 | 12,486,227 | - | - |
| Enterprise Value (EV) 1 | 3,658,866 | 3,709,530 | 6,219,550 | 7,744,469 | 7,832,476 | 12,884,851 | 12,996,351 | 12,965,355 |
| P/E ratio | 15.6 x | 34.6 x | 9.64 x | 10.2 x | 10.6 x | 21.9 x | 20.9 x | 17.9 x |
| Yield | 2.51% | 3.02% | 2.1% | 2.03% | 2% | 1.2% | 1.22% | 1.37% |
| Capitalization / Revenue | 0.37 x | 0.35 x | 0.55 x | 0.58 x | 0.62 x | 1.32 x | 1.39 x | 1.29 x |
| EV / Revenue | 0.39 x | 0.42 x | 0.71 x | 0.75 x | 0.72 x | 1.32 x | 1.45 x | 1.34 x |
| EV / EBITDA | 3.26 x | 3.39 x | 6.3 x | 6.06 x | 6.15 x | 10.7 x | 10 x | 9.04 x |
| EV / FCF | 8.18 x | 106 x | 18.6 x | -24.3 x | 8.01 x | 18.3 x | 22.2 x | 20.1 x |
| FCF Yield | 12.2% | 0.95% | 5.37% | -4.12% | 12.5% | 5.47% | 4.5% | 4.97% |
| Price to Book | 1.06 x | 0.96 x | 1.37 x | 1.37 x | 1.38 x | 2.26 x | 2.2 x | 2.03 x |
| Nbr of stocks (in thousands) | 965,603 | 966,217 | 966,843 | 967,218 | 937,580 | 926,622 | - | - |
| Reference price 2 | 3,585 | 3,143 | 5,004 | 6,165 | 7,252 | 13,475 | 13,475 | 13,475 |
| Announcement Date | 4/26/19 | 5/29/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,480,619 | 8,767,263 | 8,729,196 | 10,264,602 | 10,881,150 | 9,728,700 | 8,989,194 | 9,663,990 |
| EBITDA 1 | 1,123,020 | 1,095,041 | 986,843 | 1,278,488 | 1,274,454 | 1,207,341 | 1,293,976 | 1,433,434 |
| EBIT 1 | 754,976 | 661,883 | 495,180 | 738,236 | 748,144 | 755,800 | 814,172 | 957,457 |
| Operating Margin | 7.96% | 7.55% | 5.67% | 7.19% | 6.88% | 7.77% | 9.06% | 9.91% |
| Earnings before Tax (EBT) 1 | 516,502 | 180,268 | 844,443 | 839,333 | 819,971 | 825,801 | 790,633 | 964,141 |
| Net income 1 | 222,546 | 87,596 | 501,613 | 583,470 | 649,124 | 589,800 | 596,797 | 692,322 |
| Net margin | 2.35% | 1% | 5.75% | 5.68% | 5.97% | 6.06% | 6.64% | 7.16% |
| EPS 2 | 230.5 | 90.71 | 519.3 | 603.8 | 684.6 | 634.0 | 643.4 | 751.9 |
| Free Cash Flow 1 | 447,153 | 35,094 | 334,288 | -318,923 | 978,108 | 745,249 | 584,836 | 644,652 |
| FCF margin | 4.72% | 0.4% | 3.83% | -3.11% | 8.99% | 7.86% | 6.51% | 6.67% |
| FCF Conversion (EBITDA) | 39.82% | 3.2% | 33.87% | - | 76.75% | 60.94% | 45.2% | 44.97% |
| FCF Conversion (Net income) | 200.93% | 40.06% | 66.64% | - | 150.68% | 130.39% | 98% | 93.11% |
| Dividend per Share 2 | 90.00 | 95.00 | 105.0 | 125.0 | 145.0 | 161.1 | 164.4 | 185.0 |
| Announcement Date | 4/26/19 | 5/29/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Maart | 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 | 4,220,000 | 4,547,263 | 3,760,057 | 4,969,139 | 2,465,228 | 4,832,665 | 2,514,000 | 2,917,937 | 5,431,937 | 2,569,816 | 2,846,963 | 5,416,779 | 2,692,017 | 2,772,354 | 5,464,371 | 2,322,488 | 2,637,581 | 4,960,069 | 2,258,085 | 2,510,500 | 4,768,700 | 2,028,140 | 2,192,740 | - | 2,192,140 | 2,403,561 | - |
| EBITDA 1 | - | - | - | - | 311,691 | - | 299,663 | 396,195 | - | - | 352,600 | - | 306,100 | 340,980 | - | 251,903 | 320,500 | - | 303,734 | 331,121 | - | 230,930 | 290,401 | - | 311,391 | - | - |
| EBIT 1 | 297,200 | 364,683 | 180,788 | 314,392 | 179,572 | 310,055 | 174,405 | 253,776 | 428,181 | 121,553 | 203,076 | 324,629 | 202,870 | 220,645 | 423,515 | 130,546 | 194,936 | 325,482 | 200,219 | 230,100 | 430,400 | 140,613 | 192,714 | - | 202,888 | 298,888 | - |
| Operating Margin | 7.04% | 8.02% | 4.81% | 6.33% | 7.28% | 6.42% | 6.94% | 8.7% | 7.88% | 4.73% | 7.13% | 5.99% | 7.54% | 7.96% | 7.75% | 5.62% | 7.39% | 6.56% | 8.87% | 9.17% | 9.03% | 6.93% | 8.79% | - | 9.26% | 12.44% | - |
| Earnings before Tax (EBT) 1 | 288,976 | - | 384,254 | 460,189 | 253,252 | 420,107 | 173,149 | 246,077 | 419,226 | 76,606 | 205,539 | 282,145 | 174,674 | 363,152 | 537,826 | 115,485 | 206,571 | 322,056 | 320,051 | 183,694 | 503,745 | - | - | - | - | - | - |
| Net income 1 | 189,293 | - | 250,755 | 250,858 | 200,213 | 322,444 | 128,341 | 132,685 | 261,026 | 37,158 | 135,357 | 172,515 | 119,717 | 356,892 | 476,609 | 70,021 | 139,082 | 209,103 | 235,989 | 144,800 | 380,700 | 102,506 | 142,644 | - | 161,263 | 185,000 | - |
| Net margin | 4.49% | - | 6.67% | 5.05% | 8.12% | 6.67% | 5.11% | 4.55% | 4.81% | 1.45% | 4.75% | 3.18% | 4.45% | 12.87% | 8.72% | 3.01% | 5.27% | 4.22% | 10.45% | 5.77% | 7.98% | 5.05% | 6.51% | - | 7.36% | 7.7% | - |
| EPS 2 | 196.0 | - | 259.6 | 259.7 | 207.2 | 333.7 | 132.8 | 137.3 | 270.1 | 38.53 | 141.5 | 180.0 | 127.0 | 377.6 | - | 74.79 | 149.4 | 224.1 | 254.1 | 155.8 | 409.9 | 114.7 | 158.5 | 266.3 | 175.0 | 221.8 | 409.8 |
| Dividend per Share 2 | 45.00 | - | 50.00 | 55.00 | 60.00 | 60.00 | - | 65.00 | 65.00 | - | 70.00 | 70.00 | - | - | 75.00 | - | 80.00 | 80.00 | - | 75.00 | 85.00 | - | 85.00 | 90.00 | - | 82.50 | 95.00 |
| Announcement Date | 10/30/19 | 5/29/20 | 10/28/20 | 4/28/21 | 10/27/21 | 10/27/21 | 2/2/22 | 4/28/22 | 4/28/22 | 7/29/22 | 10/28/22 | 10/28/22 | 2/1/23 | 4/27/23 | 4/27/23 | 7/28/23 | 10/27/23 | 10/27/23 | 1/31/24 | 4/26/24 | 4/26/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 197,178 | 672,711 | 1,381,470 | 1,781,570 | 1,033,149 | 1,132,364 | 510,123 | 479,128 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.1756 x | 0.6143 x | 1.4 x | 1.393 x | 0.8107 x | 0.9259 x | 0.3942 x | 0.3343 x |
| Free Cash Flow 1 | 447,153 | 35,094 | 334,288 | -318,923 | 978,108 | 745,249 | 584,836 | 644,652 |
| ROE (net income / shareholders' equity) | 6.8% | 2.7% | 15% | 14.8% | 14% | 11.1% | 10.9% | 11.6% |
| ROA (Net income/ Total Assets) | 5.23% | 1.84% | 4.61% | 6.52% | 6.21% | 6.68% | 5.43% | 6.06% |
| Assets 1 | 4,251,239 | 4,751,511 | 10,880,976 | 8,946,827 | 10,445,297 | 8,828,667 | 10,991,747 | 11,432,467 |
| Book Value Per Share 2 | 3,379 | 3,270 | 3,646 | 4,489 | 5,272 | 6,155 | 6,127 | 6,645 |
| Cash Flow per Share 2 | 632.0 | 539.0 | 1,028 | 1,163 | 1,240 | 1,120 | 1,078 | 1,305 |
| Capex 1 | 382,351 | 322,894 | 254,750 | 296,968 | 252,638 | 337,167 | 314,167 | 298,333 |
| Capex / Sales | 4.03% | 3.68% | 2.92% | 2.89% | 2.32% | 3.56% | 3.49% | 3.09% |
| Announcement Date | 4/26/19 | 5/29/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - |
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
BUY
Number of Analysts
15
Last Close Price
13,475
JPY
Average target price
14,193
JPY
Spread / Average Target
+5.33%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +32.50% | 79.32B | |
| +11.85% | 869B | |
| 0.00% | 239B | |
| +27.20% | 178B | |
| -7.75% | 126B | |
| -5.21% | 74.17B | |
| -16.00% | 50.82B | |
| -24.57% | 38.6B | |
| +19.71% | 31.74B | |
| +14.46% | 29.82B |
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