HITACHI CONSTRUCTION MACHINERY CO., LTD. Financials Hitachi Construction Machinery Co., Ltd.
Equities
6305
JP3787000003
Heavy Machinery & Vehicles
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,365 JPY | -0.66% |
|
-2.65% | +17.12% |
| Apr. 17 | Abrdn Property completes sale of assets for small premium | AN |
| Jan. 29 | National Bank Notes Support for Heavy Equipment Demand | MT |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 624,568 | 465,499 | 753,853 | 679,420 | 653,898 | 928,317 | - | - |
| Enterprise Value (EV) 1 | 878,232 | 742,299 | 1,053,967 | 982,934 | 1,128,733 | 1,393,122 | 1,315,283 | 1,256,211 |
| P/E ratio | 9.11 x | 11.3 x | 72.9 x | 8.96 x | 9.32 x | 10.3 x | 8.86 x | 8.53 x |
| Yield | 3.4% | 2.74% | 0.56% | 3.44% | 3.58% | 3.32% | 4.1% | 4.25% |
| Capitalization / Revenue | 0.6 x | 0.5 x | 0.93 x | 0.66 x | 0.51 x | 0.68 x | 0.66 x | 0.64 x |
| EV / Revenue | 0.85 x | 0.8 x | 1.3 x | 0.96 x | 0.88 x | 0.99 x | 0.94 x | 0.86 x |
| EV / EBITDA | 5.71 x | 6.05 x | 12.7 x | 6.6 x | 5.75 x | 5.9 x | 5.39 x | 5.01 x |
| EV / FCF | -15.7 x | -61.3 x | 17.8 x | 30.3 x | -7.76 x | 41 x | 13.1 x | 12.5 x |
| FCF Yield | -6.38% | -1.63% | 5.6% | 3.3% | -12.9% | 2.44% | 7.65% | 8% |
| Price to Book | 1.28 x | 0.98 x | 1.47 x | 1.11 x | 0.99 x | 1.26 x | 1.07 x | 1.08 x |
| Nbr of stocks (in thousands) | 212,655 | 212,654 | 212,652 | 212,651 | 212,650 | 212,673 | - | - |
| Reference price 2 | 2,937 | 2,189 | 3,545 | 3,195 | 3,075 | 4,365 | 4,365 | 4,365 |
| Announcement Date | 4/24/19 | 5/28/20 | 4/27/21 | 4/27/22 | 4/26/23 | 4/24/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,033,703 | 931,347 | 813,331 | 1,024,961 | 1,279,468 | 1,405,928 | 1,404,300 | 1,455,874 |
| EBITDA 1 | 153,795 | 122,718 | 82,887 | 148,998 | 196,196 | 236,149 | 244,169 | 250,671 |
| EBIT 1 | 116,841 | 76,618 | 32,710 | 93,518 | 135,701 | 168,028 | 175,927 | 178,464 |
| Operating Margin | 11.3% | 8.23% | 4.02% | 9.12% | 10.61% | 11.95% | 12.53% | 12.26% |
| Earnings before Tax (EBT) 1 | 102,702 | 67,103 | 25,578 | 110,869 | 112,661 | 160,476 | 164,810 | 171,211 |
| Net income 1 | 68,542 | 41,171 | 10,340 | 75,826 | 70,175 | 93,294 | 104,453 | 108,773 |
| Net margin | 6.63% | 4.42% | 1.27% | 7.4% | 5.48% | 6.64% | 7.44% | 7.47% |
| EPS 2 | 322.3 | 193.6 | 48.62 | 356.6 | 330.0 | 438.7 | 492.7 | 511.5 |
| Free Cash Flow 1 | -56,032 | -12,100 | 59,058 | 32,463 | -145,473 | 34,000 | 100,675 | 100,525 |
| FCF margin | -5.42% | -1.3% | 7.26% | 3.17% | -11.37% | 2.42% | 7.17% | 6.9% |
| FCF Conversion (EBITDA) | - | - | 71.25% | 21.79% | - | 14.4% | 41.23% | 40.1% |
| FCF Conversion (Net income) | - | - | 571.16% | 42.81% | - | 36.44% | 96.38% | 92.42% |
| Dividend per Share 2 | 100.0 | 60.00 | 20.00 | 110.0 | 110.0 | 150.0 | 178.9 | 185.6 |
| Announcement Date | 4/24/19 | 5/28/20 | 4/27/21 | 4/27/22 | 4/26/23 | 4/24/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 480,559 | 360,902 | 245,556 | 473,692 | 246,674 | 304,595 | 267,539 | 311,363 | 578,902 | 323,846 | 376,720 | 320,006 | 354,094 | 674,100 | 346,269 | 385,559 | 731,828 | 314,000 | 345,000 | - | 358,000 | 390,000 | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 44,965 | 10,939 | 26,264 | 38,102 | 23,194 | 32,222 | 20,599 | 31,469 | 52,068 | 35,140 | 48,493 | 37,626 | 44,753 | 82,379 | 40,405 | 45,244 | 85,649 | 37,000 | 40,000 | - | 41,000 | 61,000 | - | - | - |
| Operating Margin | 9.36% | 3.03% | 10.7% | 8.04% | 9.4% | 10.58% | 7.7% | 10.11% | 8.99% | 10.85% | 12.87% | 11.76% | 12.64% | 12.22% | 11.67% | 11.73% | 11.7% | 11.78% | 11.59% | - | 11.45% | 15.64% | - | - | - |
| Earnings before Tax (EBT) 1 | 41,130 | 4,779 | 30,550 | 42,555 | 23,705 | 44,609 | 26,952 | 28,240 | 55,192 | 15,596 | 41,873 | 43,634 | 41,120 | 84,754 | 25,147 | 50,575 | - | - | - | - | - | - | - | - | - |
| Net income 1 | 25,196 | 211 | 24,762 | 31,889 | 14,573 | 29,364 | 18,568 | 17,113 | 35,681 | 7,374 | 27,120 | 31,419 | 26,081 | 57,500 | 13,574 | 22,220 | - | 21,000 | 23,000 | - | 23,000 | 35,000 | - | - | - |
| Net margin | 5.24% | 0.06% | 10.08% | 6.73% | 5.91% | 9.64% | 6.94% | 5.5% | 6.16% | 2.28% | 7.2% | 9.82% | 7.37% | 8.53% | 3.92% | 5.76% | - | 6.69% | 6.67% | - | 6.42% | 8.97% | - | - | - |
| EPS 2 | 118.5 | 0.9900 | 116.4 | 150.0 | 68.53 | 138.1 | 87.32 | 80.47 | 167.8 | 34.68 | 127.5 | 147.7 | 122.6 | 270.4 | 63.82 | 104.5 | - | - | - | - | - | - | - | - | - |
| Dividend per Share | 36.00 | 10.00 | - | 45.00 | - | - | - | - | 50.00 | - | - | - | - | 85.00 | - | - | 65.00 | - | - | 85.00 | - | - | 85.00 | 85.00 | 85.00 |
| Announcement Date | 10/28/19 | 10/27/20 | 10/26/21 | 10/26/21 | 1/31/22 | 4/27/22 | 7/28/22 | 10/26/22 | 10/26/22 | 1/27/23 | 4/26/23 | 7/27/23 | 10/26/23 | 10/26/23 | 1/26/24 | 4/24/24 | 4/24/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 253,664 | 276,800 | 300,114 | 303,514 | 474,835 | 432,052 | 386,966 | 327,894 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.649 x | 2.256 x | 3.621 x | 2.037 x | 2.42 x | 1.83 x | 1.585 x | 1.308 x |
| Free Cash Flow 1 | -56,032 | -12,100 | 59,058 | 32,463 | -145,473 | 34,000 | 100,675 | 100,525 |
| ROE (net income / shareholders' equity) | 14.7% | 8.6% | 2.1% | 13.5% | 11% | 13.1% | 13% | 12.9% |
| ROA (Net income/ Total Assets) | 9.03% | 5.7% | 2.14% | 8.43% | 7.42% | 9.27% | 6.8% | 6% |
| Assets 1 | 759,170 | 721,787 | 482,706 | 899,406 | 945,716 | 1,006,333 | 1,536,074 | 1,812,077 |
| Book Value Per Share 2 | 2,287 | 2,227 | 2,418 | 2,876 | 3,104 | 3,589 | 4,097 | 4,028 |
| Cash Flow per Share 2 | 496.0 | 411.0 | 285.0 | 617.0 | 626.0 | 759.0 | 915.0 | 807.0 |
| Capex 1 | 26,231 | 32,044 | 28,311 | 34,540 | 119,338 | 45,728 | 77,646 | 78,938 |
| Capex / Sales | 2.54% | 3.44% | 3.48% | 3.37% | 9.33% | 3.25% | 5.53% | 5.42% |
| Announcement Date | 4/24/19 | 5/28/20 | 4/27/21 | 4/27/22 | 4/26/23 | 4/24/24 | - | - |
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
4,365
JPY
Average target price
5,055
JPY
Spread / Average Target
+15.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.12% | 5.9B | |
| +14.65% | 58.67B | |
| +26.10% | 36.8B | |
| +26.70% | 28.74B | |
| +15.62% | 25.64B | |
| +11.71% | 23.31B | |
| +1.34% | 21.74B | |
| +15.97% | 18.38B | |
| -6.32% | 14.21B | |
| +18.96% | 12.04B |
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