MITSUBA CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,399 JPY | -2.51% |
|
-2.44% | +42.76% |
| Mar. 14 | Mitsuba Corp. Disposes Off Mistuba Logistics to Nikkon Holdings Via Share Transfer | MT |
| Mar. 14 | NIKKON Holdings Co.,Ltd. agreed to acquire MISTUBA LOGISTICS CO., LTD from Mitsuba Corporation | CI |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 61,185 | 27,839 | 18,798 | 30,345 | 16,560 | 23,363 |
| Enterprise Value (EV) 1 | 157,277 | 155,505 | 163,267 | 148,166 | 130,091 | 126,430 |
| P/E ratio | -9.37 x | -3.97 x | -1.36 x | 47.4 x | 253 x | 25.4 x |
| Yield | 1.17% | 2.57% | - | - | 0.81% | 0.57% |
| Capitalization / Revenue | 0.16 x | 0.08 x | 0.06 x | 0.11 x | 0.06 x | 0.07 x |
| EV / Revenue | 0.41 x | 0.47 x | 0.54 x | 0.55 x | 0.45 x | 0.4 x |
| EV / EBITDA | 4.2 x | 5.49 x | 6.74 x | 5.9 x | 5.49 x | 5.37 x |
| EV / FCF | 50.2 x | -6.78 x | -344 x | 29.9 x | -36.6 x | 8.11 x |
| FCF Yield | 1.99% | -14.7% | -0.29% | 3.34% | -2.73% | 12.3% |
| Price to Book | 0.89 x | 0.49 x | 0.65 x | 0.52 x | 0.24 x | 0.35 x |
| Nbr of stocks (in thousands) | 44,759 | 44,758 | 44,758 | 44,757 | 44,756 | 44,756 |
| Reference price 2 | 1,367 | 622.0 | 420.0 | 678.0 | 370.0 | 522.0 |
| Announcement Date | 6/22/18 | 6/21/19 | 8/28/20 | 6/25/21 | 6/23/22 | 6/22/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 387,186 | 333,278 | 304,224 | 269,202 | 286,482 | 319,500 |
| EBITDA 1 | 37,445 | 28,301 | 24,214 | 25,117 | 23,692 | 23,548 |
| EBIT 1 | 19,104 | 10,957 | 8,532 | 8,549 | 7,188 | 6,719 |
| Operating Margin | 4.93% | 3.29% | 2.8% | 3.18% | 2.51% | 2.1% |
| Earnings before Tax (EBT) 1 | 9,127 | 3,854 | -5,353 | 5,567 | 4,896 | 5,854 |
| Net income 1 | -6,528 | -7,021 | -13,804 | 732 | 83 | 1,185 |
| Net margin | -1.69% | -2.11% | -4.54% | 0.27% | 0.03% | 0.37% |
| EPS 2 | -145.9 | -156.9 | -308.4 | 14.30 | 1.460 | 20.59 |
| Free Cash Flow 1 | 3,133 | -22,929 | -474.8 | 4,954 | -3,550 | 15,593 |
| FCF margin | 0.81% | -6.88% | -0.16% | 1.84% | -1.24% | 4.88% |
| FCF Conversion (EBITDA) | 8.37% | - | - | 19.72% | - | 66.22% |
| FCF Conversion (Net income) | - | - | - | 676.79% | - | 1,315.83% |
| Dividend per Share 2 | 16.00 | 16.00 | - | - | 3.000 | 3.000 |
| Announcement Date | 6/22/18 | 6/21/19 | 8/28/20 | 6/25/21 | 6/23/22 | 6/22/23 |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 S1 | 2022 Q3 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2024 Q1 | 2024 S1 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 156,517 | 112,895 | 136,928 | 72,038 | 66,818 | 153,054 | 84,036 | 79,096 | 166,020 | 90,852 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 3,016 | -2,120 | 3,479 | 76 | -1,940 | 425 | 3,169 | 1,720 | 6,979 | 7,472 |
| Operating Margin | 1.93% | -1.88% | 2.54% | 0.11% | -2.9% | 0.28% | 3.77% | 2.17% | 4.2% | 8.22% |
| Earnings before Tax (EBT) 1 | 1,489 | -3,520 | 3,632 | -952 | -570 | 1,829 | 2,042 | 3,029 | 8,243 | 7,370 |
| Net income 1 | -2,427 | -5,083 | - | -1,932 | -1,467 | -953 | 743 | 1,073 | 4,511 | 5,650 |
| Net margin | -1.55% | -4.5% | - | -2.68% | -2.2% | -0.62% | 0.88% | 1.36% | 2.72% | 6.22% |
| EPS 2 | -54.23 | -113.6 | -3.210 | -48.26 | -37.81 | -31.39 | 11.54 | 20.66 | 94.10 | 122.9 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/6/19 | 11/4/20 | 11/10/21 | 2/9/22 | 8/10/22 | 11/9/22 | 2/8/23 | 8/9/23 | 11/8/23 | 2/14/24 |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 96,092 | 127,666 | 144,469 | 117,821 | 113,531 | 103,067 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.566 x | 4.511 x | 5.966 x | 4.691 x | 4.792 x | 4.377 x |
| Free Cash Flow 1 | 3,133 | -22,929 | -475 | 4,954 | -3,550 | 15,593 |
| ROE (net income / shareholders' equity) | -3.53% | -6.32% | -20.7% | 4.06% | 2.21% | 3.28% |
| ROA (Net income/ Total Assets) | 3.57% | 2.03% | 1.65% | 1.63% | 1.31% | 1.25% |
| Assets 1 | -183,047 | -345,964 | -837,520 | 44,905 | 6,336 | 94,709 |
| Book Value Per Share 2 | 1,530 | 1,273 | 644.0 | 1,304 | 1,520 | 1,492 |
| Cash Flow per Share 2 | 1,766 | 1,378 | 1,244 | 1,759 | 1,666 | 1,693 |
| Capex 1 | 20,265 | 34,552 | 25,644 | 7,379 | 10,919 | 9,837 |
| Capex / Sales | 5.23% | 10.37% | 8.43% | 2.74% | 3.81% | 3.08% |
| Announcement Date | 6/22/18 | 6/21/19 | 8/28/20 | 6/25/21 | 6/23/22 | 6/22/23 |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +42.76% | 398M | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +31.67% | 17.27B | |
| +1.48% | 15.84B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +28.58% | 10.66B | |
| +30.12% | 10.21B |
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