MITSUBISHI CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,529 JPY | +0.92% |
|
+2.23% | +56.60% |
| Apr. 26 | Enechain Corporation announced that it has received ¥6 billion in funding from a group of investors | CI |
| Apr. 25 | Frontier Lithium Brief: Frontier and Mitsubishi Corp Complete JV Transaction | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,877,049 | 3,416,596 | 4,619,678 | 6,792,741 | 6,808,344 | 14,458,903 | - | - |
| Enterprise Value (EV) 1 | 8,600,617 | 8,898,402 | 10,113,686 | 11,542,936 | 11,278,853 | 17,500,574 | 17,511,416 | 18,046,708 |
| P/E ratio | 8.25 x | 6.58 x | 26.8 x | 7.24 x | 5.87 x | 15 x | 13.1 x | 14.6 x |
| Yield | 4.07% | 5.76% | 4.28% | 3.26% | 3.79% | 1.98% | 2.37% | 2.54% |
| Capitalization / Revenue | 0.3 x | 0.23 x | 0.36 x | 0.39 x | 0.32 x | 0.73 x | 0.72 x | 0.75 x |
| EV / Revenue | 0.53 x | 0.6 x | 0.78 x | 0.67 x | 0.52 x | 0.88 x | 0.87 x | 0.93 x |
| EV / EBITDA | 10.3 x | 11 x | 13.8 x | 9.13 x | 7.34 x | 12.2 x | 11.1 x | 12 x |
| EV / FCF | 22.7 x | 17 x | 16.1 x | 13 x | 6.44 x | 20.7 x | 20.3 x | 23.7 x |
| FCF Yield | 4.41% | 5.89% | 6.22% | 7.7% | 15.5% | 4.83% | 4.93% | 4.22% |
| Price to Book | 0.86 x | 0.65 x | 0.82 x | 0.99 x | 0.84 x | 1.66 x | 1.54 x | 1.45 x |
| Nbr of stocks (in thousands) | 4,759,645 | 4,472,960 | 4,427,807 | 4,429,086 | 4,299,102 | 4,097,167 | - | - |
| Reference price 2 | 1,025 | 763.8 | 1,043 | 1,534 | 1,584 | 3,529 | 3,529 | 3,529 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,103,763 | 14,779,734 | 12,884,521 | 17,264,828 | 21,571,973 | 19,778,091 | 20,015,491 | 19,353,354 |
| EBITDA 1 | 834,998 | 806,312 | 731,229 | 1,263,768 | 1,535,738 | 1,437,760 | 1,571,861 | 1,499,206 |
| EBIT 1 | 584,489 | 357,899 | 207,399 | 718,725 | 952,444 | 858,034 | 901,939 | 792,306 |
| Operating Margin | 3.63% | 2.42% | 1.61% | 4.16% | 4.42% | 4.34% | 4.51% | 4.09% |
| Earnings before Tax (EBT) 1 | 851,813 | 648,864 | 253,527 | 1,293,116 | 1,680,631 | 1,400,693 | 1,522,293 | 1,355,500 |
| Net income 1 | 590,737 | 535,353 | 172,550 | 937,529 | 1,180,694 | 982,966 | 1,090,002 | 961,150 |
| Net margin | 3.67% | 3.62% | 1.34% | 5.43% | 5.47% | 4.97% | 5.45% | 4.97% |
| EPS 2 | 124.1 | 116.2 | 38.95 | 211.7 | 269.8 | 234.8 | 269.5 | 241.1 |
| Free Cash Flow 1 | 378,994 | 523,714 | 628,569 | 888,294 | 1,752,672 | 845,676 | 862,991 | 761,562 |
| FCF margin | 2.35% | 3.54% | 4.88% | 5.15% | 8.12% | 4.28% | 4.31% | 3.94% |
| FCF Conversion (EBITDA) | 45.39% | 64.95% | 85.96% | 70.29% | 114.13% | 58.82% | 54.9% | 50.8% |
| FCF Conversion (Net income) | 64.16% | 97.83% | 364.28% | 94.75% | 148.44% | 86.03% | 79.17% | 79.23% |
| Dividend per Share 2 | 41.67 | 44.00 | 44.67 | 50.00 | 60.00 | 70.00 | 83.56 | 89.62 |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q1 | 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 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,723,892 | 5,728,347 | 3,793,730 | 3,933,005 | 7,726,735 | 4,644,403 | 4,893,690 | 9,538,093 | 5,443,439 | 5,278,439 | 10,721,878 | 5,562,666 | 5,287,429 | - | 4,735,665 | 4,825,346 | 9,561,011 | 5,144,571 | 5,140,633 | 4,925,092 | 5,018,360 | 5,350,354 |
| EBITDA 1 | - | - | 217,225 | 242,566 | - | 369,202 | 434,775 | - | 540,463 | 278,047 | - | 354,770 | 362,458 | - | 377,485 | 259,452 | - | 362,572 | 325,049 | 396,404 | 399,029 | 413,589 |
| EBIT 1 | 192,095 | 73,303 | 82,363 | 108,581 | 190,944 | 233,114 | 294,667 | 527,781 | 399,776 | 136,070 | 535,846 | 209,200 | 207,398 | - | 231,875 | 109,599 | 341,474 | 214,572 | 177,392 | 246,255 | 250,918 | 267,518 |
| Operating Margin | 2.49% | 1.28% | 2.17% | 2.76% | 2.47% | 5.02% | 6.02% | 5.53% | 7.34% | 2.58% | 5% | 3.76% | 3.92% | - | 4.9% | 2.27% | 3.57% | 4.17% | 3.45% | 5% | 5% | 5% |
| Earnings before Tax (EBT) | 356,440 | 143,477 | 247,775 | - | 499,365 | 407,195 | 386,556 | 793,751 | 739,293 | - | 1,006,419 | 337,854 | 336,358 | - | 444,700 | - | 674,186 | 331,031 | 359,800 | - | - | - |
| Net income 1 | 242,359 | 86,687 | 187,572 | 172,988 | 360,560 | 284,208 | 292,761 | 576,969 | 533,951 | 186,055 | 720,006 | 235,753 | 224,935 | 460,688 | 317,721 | 148,355 | 466,076 | 230,538 | 290,062 | 330,250 | 114,042 | 162,326 |
| Net margin | 3.14% | 1.51% | 4.94% | 4.4% | 4.67% | 6.12% | 5.98% | 6.05% | 9.81% | 3.52% | 6.72% | 4.24% | 4.25% | - | 6.71% | 3.07% | 4.87% | 4.48% | 5.64% | 6.71% | 2.27% | 3.03% |
| EPS 2 | 51.66 | 19.56 | 42.36 | 39.06 | 81.42 | 64.17 | 66.10 | 130.3 | 120.7 | 42.10 | 162.8 | 54.14 | 52.11 | - | 74.52 | 35.52 | 110.0 | 55.39 | 81.13 | 81.27 | 28.40 | 40.92 |
| Dividend per Share 2 | - | 22.33 | - | 23.67 | 23.67 | - | 26.33 | - | - | 25.67 | 25.67 | - | 34.33 | - | - | 35.00 | 35.00 | - | 35.00 | - | 42.50 | - |
| Announcement Date | 11/6/19 | 11/5/20 | 8/3/21 | 11/5/21 | 11/5/21 | 2/3/22 | 5/10/22 | 5/10/22 | 8/2/22 | 11/8/22 | 11/8/22 | 2/3/23 | 5/9/23 | 5/9/23 | 8/3/23 | 11/2/23 | 11/2/23 | 2/6/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,723,568 | 5,481,806 | 5,494,008 | 4,750,195 | 4,470,509 | 3,041,671 | 3,052,513 | 3,587,805 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.459 x | 6.799 x | 7.513 x | 3.759 x | 2.911 x | 2.116 x | 1.942 x | 2.393 x |
| Free Cash Flow 1 | 378,994 | 523,714 | 628,569 | 888,294 | 1,752,672 | 845,676 | 862,991 | 761,562 |
| ROE (net income / shareholders' equity) | 10.7% | 9.8% | 3.2% | 15% | 15.8% | 11.6% | 11.9% | 10.1% |
| ROA (Net income/ Total Assets) | 5.23% | 3.75% | 1.38% | 6.38% | 7.63% | 3.72% | 4.42% | 4.11% |
| Assets 1 | 11,293,673 | 14,266,341 | 12,483,722 | 14,698,590 | 15,478,462 | 26,435,694 | 24,687,203 | 23,377,109 |
| Book Value Per Share 2 | 1,196 | 1,174 | 1,268 | 1,553 | 1,883 | 2,126 | 2,293 | 2,435 |
| Cash Flow per Share 2 | 177.0 | 213.0 | 157.0 | 335.0 | 403.0 | 350.0 | 375.0 | 351.0 |
| Capex 1 | 218,580 | 326,014 | 388,981 | 393,833 | 454,954 | 593,530 | 597,721 | 602,080 |
| Capex / Sales | 1.36% | 2.21% | 3.02% | 2.28% | 2.11% | 3% | 2.99% | 3.11% |
| Announcement Date | 5/9/19 | 5/8/20 | 5/7/21 | 5/10/22 | 5/9/23 | - | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
3,529
JPY
Average target price
3,480
JPY
Spread / Average Target
-1.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +56.60% | 91.85B | |
| +41.92% | 71.52B | |
| +19.61% | 63.05B | |
| +8.10% | 42.1B | |
| +27.08% | 30.34B | |
| +16.39% | 21.62B | |
| +16.68% | 17.92B | |
| -3.76% | 12.84B | |
| +2.43% | 5.92B | |
| -27.24% | 5.61B |
- Stock Market
- Equities
- 8058 Stock
- Financials Mitsubishi Corporation
