MITSUBISHI ELECTRIC CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,730 JPY | +4.60% |
|
-3.58% | +36.57% |
| May. 29 | Japan's Nikkei sheds early gains amid rising JGB yields | RE |
| May. 29 | Japan's Nikkei erases gains as JGB yields rise | RE |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,051,932 | 2,863,719 | 3,618,025 | 2,977,377 | 3,332,868 | 5,700,986 | - | - |
| Enterprise Value (EV) 1 | 2,836,146 | 2,703,163 | 3,216,050 | 2,579,659 | 3,087,756 | 4,874,785 | 5,168,042 | 5,021,388 |
| P/E ratio | 13.5 x | 12.9 x | 18.7 x | 14.8 x | 15.6 x | 18.5 x | 18.8 x | 16.6 x |
| Yield | 2.81% | 3% | 2.13% | 2.84% | 2.53% | 1.99% | 1.92% | 2.11% |
| Capitalization / Revenue | 0.68 x | 0.64 x | 0.86 x | 0.67 x | 0.67 x | 1 x | 1.08 x | 1.04 x |
| EV / Revenue | 0.63 x | 0.61 x | 0.77 x | 0.58 x | 0.62 x | 0.93 x | 0.98 x | 0.91 x |
| EV / EBITDA | 6.04 x | 5.73 x | 7.13 x | 5.57 x | 6.16 x | 9.04 x | 8.45 x | 7.48 x |
| EV / FCF | 97.3 x | 13.3 x | 8.62 x | 15.4 x | 170 x | 15.2 x | 21.4 x | 18 x |
| FCF Yield | 1.03% | 7.51% | 11.6% | 6.49% | 0.59% | 6.59% | 4.66% | 5.56% |
| Price to Book | 1.27 x | 1.18 x | 1.31 x | 1 x | 1.03 x | 1.4 x | 1.47 x | 1.43 x |
| Nbr of stocks (in thousands) | 2,145,471 | 2,145,108 | 2,145,286 | 2,111,615 | 2,111,415 | 2,088,273 | - | - |
| Reference price 2 | 1,422 | 1,335 | 1,686 | 1,410 | 1,578 | 2,730 | 2,730 | 2,730 |
| Announcement Date | 4/26/19 | 5/11/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,519,921 | 4,462,500 | 4,191,400 | 4,476,700 | 5,003,600 | 5,257,914 | 5,292,996 | 5,496,355 |
| EBITDA 1 | 469,369 | 471,679 | 451,341 | 462,944 | 501,207 | 539,207 | 611,425 | 671,009 |
| EBIT 1 | 290,477 | 259,600 | 230,100 | 252,000 | 262,300 | 328,525 | 380,636 | 434,500 |
| Operating Margin | 6.43% | 5.82% | 5.49% | 5.63% | 5.24% | 6.25% | 7.19% | 7.91% |
| Earnings before Tax (EBT) 1 | 315,958 | 281,900 | 258,700 | 279,600 | 292,100 | 365,853 | 411,969 | 462,939 |
| Net income 1 | 226,648 | 221,800 | 193,100 | 203,400 | 213,900 | 284,949 | 303,163 | 342,950 |
| Net margin | 5.01% | 4.97% | 4.61% | 4.54% | 4.27% | 5.42% | 5.73% | 6.24% |
| EPS 2 | 105.6 | 103.4 | 90.03 | 95.41 | 101.3 | 135.7 | 145.3 | 164.6 |
| Free Cash Flow 1 | 29,149 | 203,001 | 373,199 | 167,504 | 18,178 | 321,360 | 240,947 | 279,207 |
| FCF margin | 0.64% | 4.55% | 8.9% | 3.74% | 0.36% | 6.11% | 4.55% | 5.08% |
| FCF Conversion (EBITDA) | 6.21% | 43.04% | 82.69% | 36.18% | 3.63% | 59.6% | 39.41% | 41.61% |
| FCF Conversion (Net income) | 12.86% | 91.52% | 193.27% | 82.35% | 8.5% | 112.78% | 79.48% | 81.41% |
| Dividend per Share 2 | 40.00 | 40.00 | 36.00 | 40.00 | 40.00 | 50.00 | 52.36 | 57.49 |
| Announcement Date | 4/26/19 | 5/11/20 | 4/28/21 | 4/28/22 | 4/28/23 | 4/26/24 | - | - |
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 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,182,528 | 2,279,972 | 1,902,000 | 2,289,376 | 1,071,900 | 2,138,300 | 1,042,800 | 1,295,400 | 2,338,400 | 1,067,700 | 1,271,800 | 2,339,500 | 1,225,670 | 1,438,000 | 2,664,100 | 1,220,300 | 1,318,100 | 2,538,400 | 1,243,929 | 1,475,585 | 2,719,514 | 1,231,777 | 1,321,877 | - | 1,279,115 | 1,463,880 | - |
| EBITDA 1 | - | - | - | - | 133,038 | - | 104,857 | 96,220 | - | 82,710 | 98,343 | - | 137,526 | 182,628 | - | 107,914 | 124,095 | - | 140,274 | 168,363 | - | 118,707 | 121,615 | - | 150,448 | 229,303 | - |
| EBIT 1 | 114,230 | 145,370 | 61,300 | 168,800 | 55,100 | 137,800 | 52,300 | 61,800 | 114,200 | 33,900 | 46,500 | 80,500 | 82,722 | 99,100 | 181,800 | 61,000 | 74,800 | 135,800 | 86,461 | 106,264 | 192,725 | 70,527 | 82,475 | 158,000 | 96,346 | 145,534 | 238,000 |
| Operating Margin | 5.23% | 6.38% | 3.22% | 7.37% | 5.14% | 6.44% | 5.02% | 4.77% | 4.88% | 3.18% | 3.66% | 3.44% | 6.75% | 6.89% | 6.82% | 5% | 5.67% | 5.35% | 6.95% | 7.2% | 7.09% | 5.73% | 6.24% | - | 7.53% | 9.94% | - |
| Earnings before Tax (EBT) 1 | 124,022 | 157,878 | 75,600 | 183,100 | 58,800 | 148,300 | 58,800 | 72,400 | 131,300 | 46,800 | 56,200 | 103,100 | 85,959 | 103,041 | 189,000 | 76,800 | 82,900 | 159,700 | 89,214 | 116,939 | 206,153 | 84,333 | 92,000 | 172,000 | 107,500 | 147,500 | 252,000 |
| Net income 1 | 91,253 | 130,547 | 48,200 | 144,869 | 43,000 | 104,800 | 43,600 | 54,900 | 98,600 | 33,400 | 41,300 | 74,800 | 64,518 | 74,582 | 139,100 | 57,800 | 62,300 | 120,200 | 65,772 | 98,977 | 164,749 | 58,029 | 63,275 | 124,091 | 77,776 | 115,470 | 185,682 |
| Net margin | 4.18% | 5.73% | 2.53% | 6.33% | 4.01% | 4.9% | 4.18% | 4.24% | 4.22% | 3.13% | 3.25% | 3.2% | 5.26% | 5.19% | 5.22% | 4.74% | 4.73% | 4.74% | 5.29% | 6.71% | 6.06% | 4.71% | 4.79% | - | 6.08% | 7.89% | - |
| EPS 2 | 42.54 | 60.87 | 22.48 | 67.55 | 20.12 | 48.94 | 20.50 | 25.97 | 46.47 | 15.86 | 19.57 | 35.43 | 30.56 | 35.31 | 65.87 | 27.41 | 29.67 | 57.08 | 31.43 | 47.23 | 78.66 | 26.73 | 31.42 | 59.10 | 37.66 | 54.28 | 88.50 |
| Dividend per Share 2 | 14.00 | 26.00 | 10.00 | 26.00 | 14.00 | 14.00 | - | 26.00 | 26.00 | - | 14.00 | 14.00 | - | 26.00 | 26.00 | - | 20.00 | 20.00 | - | 30.00 | 30.00 | - | 22.00 | 24.00 | - | 27.00 | 24.00 |
| Announcement Date | 10/31/19 | 5/11/20 | 10/29/20 | 4/28/21 | 10/28/21 | 10/28/21 | 2/2/22 | 4/28/22 | 4/28/22 | 7/28/22 | 10/28/22 | 10/28/22 | 2/2/23 | 4/28/23 | 4/28/23 | 7/31/23 | 10/31/23 | 10/31/23 | 2/5/24 | 4/26/24 | 4/26/24 | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 215,786 | 160,556 | 401,975 | 397,718 | 245,112 | 370,748 | 532,945 | 679,599 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 29,149 | 203,001 | 373,199 | 167,504 | 18,178 | 321,360 | 240,947 | 279,207 |
| ROE (net income / shareholders' equity) | 9.7% | 9.2% | 7.5% | 7.1% | 6.9% | 8.2% | 7.96% | 8.89% |
| ROA (Net income/ Total Assets) | 7.33% | 6.43% | 5.62% | 5.65% | 5.47% | 6.23% | 5.16% | 5.57% |
| Assets 1 | 3,091,993 | 3,447,504 | 3,435,705 | 3,601,913 | 3,913,175 | 4,575,759 | 5,878,445 | 6,155,758 |
| Book Value Per Share 2 | 1,119 | 1,133 | 1,284 | 1,409 | 1,534 | 1,791 | 1,856 | 1,912 |
| Cash Flow per Share 2 | 189.0 | 202.0 | 193.0 | 194.0 | 214.0 | 236.0 | 250.0 | 279.0 |
| Capex 1 | 188,042 | 192,833 | 168,920 | 134,337 | 151,117 | 175,756 | 248,678 | 234,324 |
| Capex / Sales | 4.16% | 4.32% | 4.03% | 3% | 3.02% | 3.34% | 4.7% | 4.26% |
| Announcement Date | 4/26/19 | 5/11/20 | 4/28/21 | 4/28/22 | 4/28/23 | 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
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
2,730
JPY
Average target price
2,787
JPY
Spread / Average Target
+2.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +36.57% | 36.26B | |
| +15.62% | 896B | |
| +1.88% | 243B | |
| +29.39% | 181B | |
| -3.57% | 132B | |
| +58.75% | 95.16B | |
| -7.33% | 72.44B | |
| -8.40% | 55.41B | |
| +14.84% | 30.4B | |
| -42.23% | 29.56B |
- Stock Market
- Equities
- 6503 Stock
- Financials Mitsubishi Electric Corporation
