MITSUI CHEMICALS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,383 JPY | +1.95% |
|
-0.61% | +4.81% |
| Mar. 27 | Japan's Idemitsu, Mitsui Chemicals may consolidate ethylene plants in Chiba | RE |
| Mar. 26 | Vietnam's largest refinery to boost operating capacity by 15%-20% | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 521,417 | 397,353 | 684,842 | 597,105 | 651,757 | 833,375 | - | - |
| Enterprise Value (EV) 1 | 892,379 | 776,444 | 999,071 | 1,038,543 | 1,203,696 | 1,386,926 | 1,397,427 | 1,397,358 |
| P/E ratio | 6.93 x | 10.5 x | 11.7 x | 5.46 x | 7.91 x | 17.3 x | 10.3 x | 8.67 x |
| Yield | 3.74% | 4.88% | 2.86% | 3.88% | 3.52% | 3.19% | 3.39% | 3.64% |
| Capitalization / Revenue | 0.35 x | 0.3 x | 0.57 x | 0.37 x | 0.35 x | 0.48 x | 0.47 x | 0.45 x |
| EV / Revenue | 0.6 x | 0.58 x | 0.82 x | 0.64 x | 0.64 x | 0.8 x | 0.78 x | 0.75 x |
| EV / EBITDA | 6.24 x | 6.27 x | 6.52 x | 4.49 x | 5.44 x | 7.95 x | 6.11 x | 5.49 x |
| EV / FCF | 19.7 x | 20.1 x | 10.3 x | -9.22 x | -236 x | 54.2 x | 110 x | 59.8 x |
| FCF Yield | 5.07% | 4.98% | 9.69% | -10.8% | -0.42% | 1.84% | 0.91% | 1.67% |
| Price to Book | 0.94 x | 0.74 x | 1.13 x | 0.84 x | 0.82 x | 1 x | 0.93 x | 0.86 x |
| Nbr of stocks (in thousands) | 195,214 | 193,736 | 195,949 | 193,238 | 191,131 | 190,138 | - | - |
| Reference price 2 | 2,671 | 2,051 | 3,495 | 3,090 | 3,410 | 4,383 | 4,383 | 4,383 |
| Announcement Date | 5/15/19 | 5/14/20 | 5/13/21 | 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 | 1,482,909 | 1,338,987 | 1,211,725 | 1,612,688 | 1,879,547 | 1,744,068 | 1,789,775 | 1,852,540 |
| EBITDA 1 | 142,931 | 123,742 | 153,242 | 231,532 | 221,078 | 174,538 | 228,610 | 254,701 |
| EBIT 1 | 93,427 | 71,636 | 85,140 | 147,310 | 128,998 | 78,897 | 122,811 | 143,567 |
| Operating Margin | 6.3% | 5.35% | 7.03% | 9.13% | 6.86% | 4.52% | 6.86% | 7.75% |
| Earnings before Tax (EBT) 1 | 105,297 | 68,460 | 74,243 | 141,274 | 117,278 | 72,430 | 117,756 | 138,441 |
| Net income 1 | 76,115 | 37,944 | 57,873 | 109,990 | 82,936 | 48,436 | 80,660 | 95,619 |
| Net margin | 5.13% | 2.83% | 4.78% | 6.82% | 4.41% | 2.78% | 4.51% | 5.16% |
| EPS 2 | 385.6 | 194.9 | 298.0 | 565.4 | 431.2 | 253.8 | 425.4 | 505.8 |
| Free Cash Flow 1 | 45,237 | 38,680 | 96,768 | -112,650 | -5,099 | 25,576 | 12,667 | 23,375 |
| FCF margin | 3.05% | 2.89% | 7.99% | -6.99% | -0.27% | 1.47% | 0.71% | 1.26% |
| FCF Conversion (EBITDA) | 31.65% | 31.26% | 63.15% | - | - | 14.65% | 5.54% | 9.18% |
| FCF Conversion (Net income) | 59.43% | 101.94% | 167.21% | - | - | 52.8% | 15.7% | 24.45% |
| Dividend per Share 2 | 100.0 | 100.0 | 100.0 | 120.0 | 120.0 | 140.0 | 148.5 | 159.3 |
| Announcement Date | 5/15/19 | 5/14/20 | 5/13/21 | 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 | 674,914 | 664,073 | 536,979 | 674,746 | 372,944 | 743,535 | 421,544 | 447,609 | 869,153 | 476,113 | 474,964 | 951,077 | 477,834 | 450,636 | 928,470 | 407,925 | 415,730 | 823,655 | 450,875 | 443,442 | 905,000 | 429,750 | 447,850 | 451,100 | 471,400 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 34,471 | 37,165 | 17,901 | 66,566 | 41,272 | 94,499 | 41,527 | 11,284 | 52,811 | 42,949 | 29,559 | 72,508 | 34,510 | 21,980 | 56,490 | 13,887 | 17,358 | 31,245 | 28,778 | 18,991 | 57,400 | 29,450 | 34,000 | 37,600 | 30,450 |
| Operating Margin | 5.11% | 5.6% | 3.33% | 9.87% | 11.07% | 12.71% | 9.85% | 2.52% | 6.08% | 9.02% | 6.22% | 7.62% | 7.22% | 4.88% | 6.08% | 3.4% | 4.18% | 3.79% | 6.38% | 4.28% | 6.34% | 6.85% | 7.59% | 8.34% | 6.46% |
| Earnings before Tax (EBT) 1 | 23,255 | - | 15,746 | 58,497 | 40,471 | 92,356 | 37,223 | 11,695 | 48,918 | 40,819 | 29,835 | 70,654 | 29,533 | 17,091 | 46,624 | 14,151 | 18,827 | 32,978 | 26,196 | 15,875 | 64,000 | 29,950 | 35,000 | 37,600 | 29,450 |
| Net income 1 | 11,758 | 26,186 | 9,602 | 48,271 | 31,316 | 73,940 | 26,127 | 9,923 | 36,050 | 27,992 | 16,361 | 44,353 | 20,593 | 17,990 | 38,583 | 9,591 | 11,096 | 20,687 | 16,574 | 16,413 | 52,300 | 20,500 | 24,550 | 27,000 | 20,700 |
| Net margin | 1.74% | 3.94% | 1.79% | 7.15% | 8.4% | 9.94% | 6.2% | 2.22% | 4.15% | 5.88% | 3.44% | 4.66% | 4.31% | 3.99% | 4.16% | 2.35% | 2.67% | 2.51% | 3.68% | 3.7% | 5.78% | 4.77% | 5.48% | 5.99% | 4.39% |
| EPS 2 | 60.27 | - | 49.89 | - | 160.1 | 377.6 | 135.7 | 52.13 | - | 144.9 | 84.60 | 229.5 | 107.0 | 94.74 | - | 50.46 | 58.36 | 108.8 | 87.17 | 54.12 | - | 103.3 | 138.2 | 148.7 | 83.45 |
| Dividend per Share 2 | 50.00 | - | 50.00 | - | 55.00 | 55.00 | - | 65.00 | - | - | 60.00 | 60.00 | - | 60.00 | - | - | 70.00 | 70.00 | - | 70.00 | - | - | 75.00 | - | 75.00 |
| Announcement Date | 11/6/19 | 5/14/20 | 11/11/20 | 5/13/21 | 11/5/21 | 11/5/21 | 2/3/22 | 5/13/22 | 5/13/22 | 8/5/22 | 11/8/22 | 11/8/22 | 2/3/23 | 5/12/23 | 5/12/23 | 8/4/23 | 11/8/23 | 11/8/23 | 2/7/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 370,962 | 379,091 | 314,229 | 441,438 | 551,939 | 553,551 | 564,052 | 563,983 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.595 x | 3.064 x | 2.051 x | 1.907 x | 2.497 x | 3.172 x | 2.467 x | 2.214 x |
| Free Cash Flow 1 | 45,237 | 38,680 | 96,768 | -112,650 | -5,099 | 25,576 | 12,667 | 23,375 |
| ROE (net income / shareholders' equity) | 14.3% | 7% | 10.2% | 16.7% | 11.1% | 6.38% | 10.4% | 11.2% |
| ROA (Net income/ Total Assets) | 6.99% | 4.4% | 3.75% | 8.09% | 5.86% | 3.64% | 5.41% | 5.88% |
| Assets 1 | 1,088,511 | 863,260 | 1,544,310 | 1,359,786 | 1,415,469 | 1,331,126 | 1,490,529 | 1,626,319 |
| Book Value Per Share 2 | 2,830 | 2,762 | 3,103 | 3,688 | 4,140 | 4,368 | 4,700 | 5,094 |
| Cash Flow per Share 2 | 633.0 | 459.0 | 693.0 | 998.0 | 910.0 | 935.0 | 892.0 | 985.0 |
| Capex 1 | 61,924 | 76,294 | 93,170 | 207,132 | 168,002 | 170,500 | 178,667 | 180,667 |
| Capex / Sales | 4.18% | 5.7% | 7.69% | 12.84% | 8.94% | 9.78% | 9.98% | 9.75% |
| Announcement Date | 5/15/19 | 5/14/20 | 5/13/21 | 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
BUY
Number of Analysts
12
Last Close Price
4,383
JPY
Average target price
4,935
JPY
Spread / Average Target
+12.59%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.81% | 5.29B | |
| +5.14% | 103B | |
| -5.63% | 63.04B | |
| +39.52% | 39.06B | |
| +12.91% | 37.58B | |
| +7.41% | 33.24B | |
| +6.85% | 19.22B | |
| +12.86% | 16.83B | |
| +16.93% | 14.96B | |
| +7.73% | 15.03B |
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- Financials Mitsui Chemicals, Inc.
