MITSUBISHI MATERIALS CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,043 JPY | +3.19% |
|
+0.20% | +24.33% |
| Mar. 14 | Tech, Geopolitical Issues Roil Asian Stock Markets | MT |
| Feb. 12 | Mitsubishi Materials Sees Over 22x Boost in Fiscal Q1-Q3 Profit | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 382,645 | 290,037 | 337,628 | 279,969 | 281,862 | 397,519 | - | - |
| Enterprise Value (EV) 1 | 768,745 | 703,209 | 814,023 | 729,457 | 673,297 | 790,668 | 802,922 | 817,501 |
| P/E ratio | 295 x | -3.98 x | 13.8 x | 6.22 x | 13.9 x | 10.3 x | 9.92 x | 9.26 x |
| Yield | 2.74% | 3.61% | 1.93% | 4.2% | 2.32% | 3.09% | 3.15% | 3.26% |
| Capitalization / Revenue | 0.23 x | 0.19 x | 0.23 x | 0.15 x | 0.17 x | 0.26 x | 0.25 x | 0.24 x |
| EV / Revenue | 0.46 x | 0.46 x | 0.55 x | 0.4 x | 0.41 x | 0.51 x | 0.5 x | 0.5 x |
| EV / EBITDA | 7.94 x | 6.88 x | 9.19 x | 6.28 x | 7.13 x | 9.27 x | 8.39 x | 8.06 x |
| EV / FCF | 14.3 x | -34.3 x | -34.9 x | 198 x | 571 x | -13.1 x | 35.7 x | -147 x |
| FCF Yield | 7.02% | -2.91% | -2.86% | 0.5% | 0.18% | -7.64% | 2.8% | -0.68% |
| Price to Book | 0.6 x | 0.57 x | 0.62 x | 0.48 x | 0.47 x | 0.63 x | 0.6 x | 0.58 x |
| Nbr of stocks (in thousands) | 130,953 | 130,942 | 130,661 | 130,644 | 130,673 | 130,634 | - | - |
| Reference price 2 | 2,922 | 2,215 | 2,584 | 2,143 | 2,157 | 3,043 | 3,043 | 3,043 |
| Announcement Date | 5/13/19 | 5/27/20 | 5/14/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,662,990 | 1,516,100 | 1,485,121 | 1,811,759 | 1,625,933 | 1,541,455 | 1,592,132 | 1,640,287 |
| EBITDA 1 | 96,835 | 102,160 | 88,529 | 116,244 | 94,478 | 85,309 | 95,654 | 101,432 |
| EBIT 1 | 36,861 | 37,952 | 26,567 | 52,708 | 50,076 | 30,684 | 39,712 | 43,197 |
| Operating Margin | 2.22% | 2.5% | 1.79% | 2.91% | 3.08% | 1.99% | 2.49% | 2.63% |
| Earnings before Tax (EBT) 1 | 36,345 | -40,498 | 43,341 | 76,616 | 14,771 | 56,247 | 59,170 | 65,208 |
| Net income 1 | 1,298 | -72,850 | 24,407 | 45,015 | 20,330 | 38,780 | 40,075 | 42,922 |
| Net margin | 0.08% | -4.81% | 1.64% | 2.48% | 1.25% | 2.52% | 2.52% | 2.62% |
| EPS 2 | 9.920 | -556.3 | 186.7 | 344.6 | 155.6 | 296.8 | 306.7 | 328.6 |
| Free Cash Flow 1 | 53,930 | -20,498 | -23,321 | 3,679 | 1,179 | -60,433 | 22,500 | -5,575 |
| FCF margin | 3.24% | -1.35% | -1.57% | 0.2% | 0.07% | -3.92% | 1.41% | -0.34% |
| FCF Conversion (EBITDA) | 55.69% | - | - | 3.16% | 1.25% | - | 23.52% | - |
| FCF Conversion (Net income) | 4,154.85% | - | - | 8.17% | 5.8% | - | 56.14% | - |
| Dividend per Share 2 | 80.00 | 80.00 | 50.00 | 90.00 | 50.00 | 94.00 | 96.00 | 99.14 |
| Announcement Date | 5/13/19 | 5/27/20 | 5/14/21 | 5/13/22 | 5/12/23 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 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 | 748,400 | 725,568 | 759,553 | 432,341 | 860,026 | 453,999 | 497,734 | 951,733 | 422,628 | 409,353 | 831,981 | 411,584 | 382,368 | 793,952 | 362,660 | 353,539 | 716,199 | 365,386 | 448,019 | 813,800 | 411,570 | 377,576 | - | 399,083 | 409,081 | - |
| EBITDA 1 | - | - | - | - | - | 26,865 | 27,255 | - | 24,889 | 26,773 | - | 20,996 | 23,085 | - | 14,750 | 19,761 | - | 15,361 | 35,084 | - | 30,815 | 30,806 | - | 31,387 | -5,316 | - |
| EBIT 1 | 16,978 | 6,890 | 19,677 | 14,179 | 29,038 | 10,281 | 13,389 | 23,670 | 13,924 | 15,636 | 29,560 | 8,415 | 12,101 | 20,516 | 3,791 | 8,159 | 11,950 | 3,460 | 14,970 | 18,100 | 12,396 | 14,891 | - | 13,119 | -2,607 | - |
| Operating Margin | 2.27% | 0.95% | 2.59% | 3.28% | 3.38% | 2.26% | 2.69% | 2.49% | 3.29% | 3.82% | 3.55% | 2.04% | 3.16% | 2.58% | 1.05% | 2.31% | 1.67% | 0.95% | 3.34% | 2.22% | 3.01% | 3.94% | - | 3.29% | -0.64% | - |
| Earnings before Tax (EBT) 1 | 16,270 | -6,568 | - | 31,842 | 57,987 | 35,812 | - | - | 27,421 | - | 34,705 | -25,992 | - | - | 7,107 | 11,212 | 18,319 | 24,029 | 15,300 | - | - | - | - | - | - | - |
| Net income 1 | 4,511 | -19,150 | - | 21,268 | 38,181 | 23,291 | -16,457 | - | 24,135 | -511 | 23,624 | -22,514 | 19,220 | - | 4,918 | 6,202 | 11,120 | 13,480 | 14,170 | - | 11,314 | 13,311 | - | 15,470 | -2,207 | - |
| Net margin | 0.6% | -2.64% | - | 4.92% | 4.44% | 5.13% | -3.31% | - | 5.71% | -0.12% | 2.84% | -5.47% | 5.03% | - | 1.36% | 1.75% | 1.55% | 3.69% | 3.16% | - | 2.75% | 3.53% | - | 3.88% | -0.54% | - |
| EPS 2 | 34.46 | -146.4 | - | - | 292.2 | 178.3 | -126.0 | - | 184.7 | -3.930 | 180.8 | -172.3 | 147.1 | - | 37.65 | 47.47 | 85.12 | 103.2 | 105.0 | - | 115.8 | 115.8 | - | 114.4 | -95.04 | - |
| Dividend per Share 2 | 40.00 | - | 50.00 | - | 40.00 | - | 50.00 | 50.00 | - | 25.00 | 25.00 | - | 25.00 | 25.00 | - | 47.00 | 47.00 | - | 47.00 | 47.00 | - | 47.00 | 47.00 | - | 47.00 | 47.00 |
| Announcement Date | 11/7/19 | 12/16/20 | 5/14/21 | 11/9/21 | 11/9/21 | 2/9/22 | 5/13/22 | 5/13/22 | 8/9/22 | 11/10/22 | 11/10/22 | 2/10/23 | 5/12/23 | 5/12/23 | 8/9/23 | 11/9/23 | 11/9/23 | 2/9/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 386,100 | 413,172 | 476,395 | 449,488 | 391,435 | 393,149 | 405,403 | 419,982 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.987 x | 4.044 x | 5.381 x | 3.867 x | 4.143 x | 4.609 x | 4.238 x | 4.141 x |
| Free Cash Flow 1 | 53,930 | -20,498 | -23,321 | 3,679 | 1,179 | -60,433 | 22,500 | -5,575 |
| ROE (net income / shareholders' equity) | 0.2% | -12.8% | 4.6% | 8% | 3.5% | 6.23% | 6.12% | 6.31% |
| ROA (Net income/ Total Assets) | 2.56% | 2.58% | 2.26% | 3.66% | 1.26% | 2.45% | 2.1% | 2.1% |
| Assets 1 | 50,627 | -2,821,139 | 1,079,722 | 1,230,866 | 1,613,492 | 1,582,872 | 1,908,326 | 2,043,923 |
| Book Value Per Share 2 | 4,838 | 3,870 | 4,173 | 4,477 | 4,542 | 4,844 | 5,033 | 5,234 |
| Cash Flow per Share 2 | 468.0 | -66.00 | 661.0 | 831.0 | 495.0 | 685.0 | 551.0 | 735.0 |
| Capex 1 | 103,418 | 88,043 | 81,519 | 81,450 | 81,106 | 87,404 | 84,040 | 81,985 |
| Capex / Sales | 6.22% | 5.81% | 5.49% | 4.5% | 4.99% | 5.67% | 5.28% | 5% |
| Announcement Date | 5/13/19 | 5/27/20 | 5/14/21 | 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
8
Last Close Price
3,043
JPY
Average target price
2,926
JPY
Spread / Average Target
-3.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.33% | 2.53B | |
| -14.40% | 143B | |
| -6.66% | 117B | |
| -0.55% | 71.07B | |
| +6.69% | 50.97B | |
| +13.30% | 48.38B | |
| +34.12% | 39.93B | |
| +22.92% | 26.1B | |
| +32.58% | 21.36B | |
| +58.44% | 18.57B |
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- Financials Mitsubishi Materials Corporation
