MITSUBISHI CHEMICAL GROUP CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 897.3 JPY | +0.10% |
|
-0.17% | +3.85% |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,106,648 | 912,789 | 1,178,667 | 1,161,147 | 1,117,284 | 1,276,434 | - | - |
| Enterprise Value (EV) 1 | 2,989,889 | 2,967,832 | 3,178,594 | 3,024,242 | 3,063,828 | 3,233,568 | 3,171,182 | 3,090,833 |
| P/E ratio | 6.54 x | 16.9 x | -156 x | 6.55 x | 11.6 x | 11 x | 10.8 x | 9.62 x |
| Yield | 5.13% | 4.98% | 2.89% | 3.67% | 3.82% | 3.57% | 3.67% | 3.84% |
| Capitalization / Revenue | 0.28 x | 0.25 x | 0.36 x | 0.29 x | 0.24 x | 0.29 x | 0.28 x | 0.27 x |
| EV / Revenue | 0.76 x | 0.83 x | 0.98 x | 0.76 x | 0.66 x | 0.74 x | 0.7 x | 0.66 x |
| EV / EBITDA | 6.01 x | 7.73 x | 10.9 x | 5.45 x | 6.77 x | 6.05 x | 5.68 x | 5.29 x |
| EV / FCF | -6.24 x | 14 x | 15.6 x | 13.9 x | 28.5 x | 16.9 x | 25.3 x | 21.4 x |
| FCF Yield | -16% | 7.13% | 6.4% | 7.21% | 3.51% | 5.92% | 3.95% | 4.68% |
| Price to Book | 0.8 x | 0.78 x | 0.95 x | 0.8 x | 0.71 x | 0.77 x | 0.73 x | 0.69 x |
| Nbr of stocks (in thousands) | 1,419,872 | 1,420,020 | 1,420,252 | 1,421,059 | 1,422,023 | 1,422,528 | - | - |
| Reference price 2 | 779.4 | 642.8 | 829.9 | 817.1 | 785.7 | 897.3 | 897.3 | 897.3 |
| Announcement Date | 5/14/19 | 5/13/20 | 5/12/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,923,444 | 3,580,510 | 3,257,535 | 3,976,948 | 4,634,532 | 4,378,705 | 4,536,391 | 4,698,085 |
| EBITDA 1 | 497,282 | 384,109 | 291,311 | 554,663 | 452,334 | 534,079 | 558,121 | 584,375 |
| EBIT 1 | 297,950 | 144,285 | 47,518 | 303,194 | 182,718 | 264,667 | 267,900 | 295,950 |
| Operating Margin | 7.59% | 4.03% | 1.46% | 7.62% | 3.94% | 6.04% | 5.91% | 6.3% |
| Earnings before Tax (EBT) 1 | 288,056 | 122,003 | 32,908 | 290,370 | 167,964 | 246,646 | 243,518 | 268,419 |
| Net income 1 | 169,530 | 54,077 | -7,557 | 177,162 | 96,066 | 116,850 | 117,718 | 132,651 |
| Net margin | 4.32% | 1.51% | -0.23% | 4.45% | 2.07% | 2.67% | 2.59% | 2.82% |
| EPS 2 | 119.2 | 38.08 | -5.320 | 124.7 | 67.57 | 81.81 | 82.76 | 93.27 |
| Free Cash Flow 1 | -479,493 | 211,613 | 203,418 | 218,090 | 107,557 | 191,500 | 125,400 | 144,600 |
| FCF margin | -12.22% | 5.91% | 6.24% | 5.48% | 2.32% | 4.37% | 2.76% | 3.08% |
| FCF Conversion (EBITDA) | - | 55.09% | 69.83% | 39.32% | 23.78% | 35.86% | 22.47% | 24.74% |
| FCF Conversion (Net income) | - | 391.32% | - | 123.1% | 111.96% | 163.89% | 106.53% | 109.01% |
| Dividend per Share 2 | 40.00 | 32.00 | 24.00 | 30.00 | 30.00 | 32.00 | 32.89 | 34.50 |
| Announcement Date | 5/14/19 | 5/13/20 | 5/12/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 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 | 1,827,690 | 1,753,000 | 1,504,816 | 1,752,719 | 956,795 | 1,885,095 | 1,015,199 | 986,654 | 2,091,853 | 1,106,500 | 1,163,300 | 2,269,800 | 1,136,357 | 1,228,367 | 2,364,724 | 1,061,200 | 1,088,700 | 2,149,900 | 1,095,242 | 1,107,330 | 2,231,300 | 1,091,750 | 1,160,950 | 1,153,500 | 1,180,100 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 130,557 | 13,728 | -28,126 | 75,644 | 66,137 | 153,137 | 65,100 | 84,957 | 150,057 | 68,000 | 50,400 | 118,400 | -69,730 | 134,096 | 64,366 | 69,700 | 68,900 | 138,600 | 73,882 | 74,500 | - | 68,500 | 66,500 | 76,000 | 63,000 |
| Operating Margin | 7.14% | 0.78% | -1.87% | 4.32% | 6.91% | 8.12% | 6.41% | 8.61% | 7.17% | 6.15% | 4.33% | 5.22% | -6.14% | 10.92% | 2.72% | 6.57% | 6.33% | 6.45% | 6.75% | 6.73% | - | 6.27% | 5.73% | 6.59% | 5.34% |
| Earnings before Tax (EBT) 1 | 122,428 | -425 | -36,800 | 69,708 | 61,865 | 147,165 | 61,012 | 82,193 | 143,205 | 75,100 | 46,900 | 122,000 | -82,760 | 128,757 | 45,997 | 68,800 | 61,400 | 130,200 | 61,633 | 55,139 | 97,000 | 52,910 | 58,140 | 67,200 | 50,800 |
| Net income 1 | 81,318 | -27,241 | -49,687 | 42,130 | 35,266 | 85,166 | 36,966 | 55,030 | 91,996 | 44,900 | 29,000 | 73,900 | -56,905 | 79,027 | 22,122 | 42,500 | 24,700 | 67,200 | 36,652 | 21,479 | 45,600 | 24,560 | 28,140 | 34,150 | 23,100 |
| Net margin | 4.45% | -1.55% | -3.3% | 2.4% | 3.69% | 4.52% | 3.64% | 5.58% | 4.4% | 4.06% | 2.49% | 3.26% | -5.01% | 6.43% | 0.94% | 4% | 2.27% | 3.13% | 3.35% | 1.94% | 2.04% | 2.25% | 2.42% | 2.96% | 1.96% |
| EPS 2 | 57.27 | - | -34.99 | - | 24.80 | 59.94 | 26.01 | 38.73 | - | 31.58 | 20.44 | 52.02 | -40.03 | 55.58 | - | 29.91 | 17.34 | 47.25 | 25.77 | 13.81 | - | 13.44 | 19.18 | 24.25 | 13.36 |
| Dividend per Share 2 | 20.00 | - | 12.00 | - | 15.00 | 15.00 | - | 15.00 | - | - | 15.00 | 15.00 | - | 15.00 | - | - | 16.00 | 16.00 | - | 16.00 | - | - | 16.00 | - | 16.00 |
| Announcement Date | 11/1/19 | 5/13/20 | 11/4/20 | 5/12/21 | 11/2/21 | 11/2/21 | 2/3/22 | 5/13/22 | 5/13/22 | 8/3/22 | 11/8/22 | 11/8/22 | 2/7/23 | 5/12/23 | 5/12/23 | 8/2/23 | 11/1/23 | 11/1/23 | 2/6/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,883,241 | 2,055,043 | 1,999,927 | 1,863,095 | 1,946,544 | 1,957,134 | 1,894,747 | 1,814,398 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.787 x | 5.35 x | 6.865 x | 3.359 x | 4.303 x | 3.664 x | 3.395 x | 3.105 x |
| Free Cash Flow 1 | -479,493 | 211,613 | 203,418 | 218,090 | 107,557 | 191,500 | 125,400 | 144,600 |
| ROE (net income / shareholders' equity) | 12.7% | 4.2% | -0.6% | 13.2% | 6.4% | 7.58% | 7.1% | 7.61% |
| ROA (Net income/ Total Assets) | 5.61% | 2.28% | -0.15% | 5.35% | 2.96% | 2.99% | 3.17% | 3.42% |
| Assets 1 | 3,023,019 | 2,372,381 | 5,211,724 | 3,313,316 | 3,245,144 | 3,909,982 | 3,708,232 | 3,878,957 |
| Book Value Per Share 2 | 970.0 | 824.0 | 870.0 | 1,026 | 1,100 | 1,166 | 1,225 | 1,293 |
| Cash Flow per Share 2 | 259.0 | 207.0 | 166.0 | 302.0 | 257.0 | 304.0 | 264.0 | 264.0 |
| Capex 1 | 231,742 | 240,390 | 263,715 | 254,589 | 282,173 | 324,500 | 315,000 | 317,500 |
| Capex / Sales | 5.91% | 6.71% | 8.1% | 6.4% | 6.09% | 7.41% | 6.94% | 6.76% |
| Announcement Date | 5/14/19 | 5/13/20 | 5/12/21 | 5/13/22 | 5/12/23 | - | - | - |
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
10
Last Close Price
897.3
JPY
Average target price
959.4
JPY
Spread / Average Target
+6.93%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.85% | 8.11B | |
| -0.19% | 74.89B | |
| +0.09% | 46.52B | |
| -4.19% | 30.82B | |
| +9.85% | 18.19B | |
| -10.05% | 11.54B | |
| -8.09% | 9.73B | |
| +2.79% | 9.4B | |
| +6.35% | 9.37B | |
| -8.37% | 6.03B |
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