HINO MOTORS, LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 450 JPY | +1.33% |
|
-2.77% | -2.89% |
| Apr. 25 | Hino Motors, Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 | CI |
| Apr. 08 | Toyota tightens oversight over scandal-hit small car unit Daihatsu | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 534,949 | 333,511 | 546,475 | 413,300 | 317,437 | 254,925 | - | - |
| Enterprise Value (EV) 1 | 736,138 | 506,546 | 669,830 | 518,039 | 541,063 | 292,753 | 520,393 | 549,714 |
| P/E ratio | 9.74 x | 10.6 x | -73 x | -4.88 x | -2.7 x | 17.1 x | 25.8 x | 8.16 x |
| Yield | 3.11% | 3.44% | 1.26% | 1.39% | - | - | 1.4% | 1.97% |
| Capitalization / Revenue | 0.27 x | 0.18 x | 0.36 x | 0.28 x | 0.21 x | 0.19 x | 0.16 x | 0.15 x |
| EV / Revenue | 0.37 x | 0.28 x | 0.45 x | 0.35 x | 0.36 x | 0.19 x | 0.32 x | 0.32 x |
| EV / EBITDA | 5.07 x | 4.49 x | 10 x | 5.84 x | 7.24 x | 9.44 x | 5.68 x | 4.92 x |
| EV / FCF | -37.3 x | 19.6 x | 12.1 x | 11.6 x | -4.93 x | -18.1 x | -14.7 x | -27 x |
| FCF Yield | -2.68% | 5.1% | 8.26% | 8.6% | -20.3% | -5.52% | -6.82% | -3.7% |
| Price to Book | 0.99 x | 0.62 x | 0.99 x | 0.9 x | 0.86 x | 0.75 x | 0.66 x | 0.62 x |
| Nbr of stocks (in thousands) | 573,980 | 574,030 | 574,029 | 574,027 | 574,027 | 574,026 | - | - |
| Reference price 2 | 932.0 | 581.0 | 952.0 | 720.0 | 553.0 | 450.0 | 450.0 | 450.0 |
| Announcement Date | 4/25/19 | 5/11/20 | 4/27/21 | 4/27/22 | 4/26/23 | 4/25/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,981,331 | 1,815,597 | 1,498,442 | 1,459,706 | 1,507,336 | 1,516,255 | 1,624,842 | 1,743,864 |
| EBITDA 1 | 145,256 | 112,870 | 67,004 | 88,766 | 74,699 | 53,758 | 91,651 | 111,839 |
| EBIT 1 | 86,717 | 54,859 | 12,250 | 33,810 | 17,406 | -8,103 | 25,521 | 58,002 |
| Operating Margin | 4.38% | 3.02% | 0.82% | 2.32% | 1.15% | -0.53% | 1.57% | 3.33% |
| Earnings before Tax (EBT) 1 | 82,523 | 50,973 | -1,883 | -31,484 | -89,524 | 43,088 | 24,106 | 49,319 |
| Net income 1 | 54,908 | 31,467 | -7,489 | -84,732 | -117,664 | 17,087 | 7,527 | 29,733 |
| Net margin | 2.77% | 1.73% | -0.5% | -5.8% | -7.81% | 1.13% | 0.46% | 1.7% |
| EPS 2 | 95.66 | 54.82 | -13.05 | -147.6 | -205.0 | 29.77 | 17.46 | 55.12 |
| Free Cash Flow 1 | -19,758 | 25,855 | 55,326 | 44,530 | -109,788 | -28,031 | -35,489 | -20,327 |
| FCF margin | -1% | 1.42% | 3.69% | 3.05% | -7.28% | -1.87% | -2.18% | -1.17% |
| FCF Conversion (EBITDA) | - | 22.91% | 82.57% | 50.17% | - | - | - | - |
| FCF Conversion (Net income) | - | 82.17% | - | - | - | - | - | - |
| Dividend per Share 2 | 29.00 | 20.00 | 12.00 | 10.00 | - | - | 6.300 | 8.850 |
| Announcement Date | 4/25/19 | 5/11/20 | 4/27/21 | 4/27/22 | 4/26/23 | 4/25/24 | - | - |
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 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 946,069 | 666,279 | 832,163 | 345,838 | 689,385 | 380,042 | 390,279 | 770,321 | 355,856 | 377,503 | 733,359 | 377,018 | 396,959 | 773,977 | 371,914 | 383,474 | 755,388 | 386,124 | 374,743 | 760,867 | 364,900 | 394,275 | 779,324 | 407,075 | 440,550 | 832,171 | 804,403 | 846,642 |
| EBITDA 1 | - | - | - | 30,665 | - | 32,112 | -1,480 | - | 18,504 | 26,751 | - | 22,971 | 6,473 | - | 14,466 | 19,260 | - | 11,542 | 7,582 | - | 12,682 | 25,262 | - | 18,983 | 24,616 | - | - | - |
| EBIT 1 | 32,789 | -11,671 | 23,921 | 15,639 | 31,812 | 18,022 | -16,024 | - | 4,316 | 12,299 | 16,615 | 9,020 | -8,229 | 791 | 1,134 | 5,632 | 6,766 | -2,098 | -12,771 | -14,869 | 7,236 | 13,423 | 34,062 | 4,066 | 804.2 | -6,287 | 71,043 | -18,318 |
| Operating Margin | 3.47% | -1.75% | 2.87% | 4.52% | 4.61% | 4.74% | -4.11% | - | 1.21% | 3.26% | 2.27% | 2.39% | -2.07% | 0.1% | 0.3% | 1.47% | 0.9% | -0.54% | -3.41% | -1.95% | 1.98% | 3.4% | 4.37% | 1% | 0.18% | -0.76% | 8.83% | -2.16% |
| Earnings before Tax (EBT) 1 | 29,840 | -12,934 | 11,051 | 9,805 | 23,000 | 14,944 | - | - | 6,039 | 10,513 | 16,552 | -21,287 | -84,789 | -106,076 | -10,830 | 23,663 | 12,833 | -4,047 | 34,302 | 30,255 | 12,826 | 20,773 | 33,599 | 4,424 | -6,873 | -3,286 | 73,842 | -9,429 |
| Net income 1 | 18,567 | -9,624 | 2,135 | 5,415 | 11,756 | 7,080 | -103,568 | - | 723 | 2,755 | 3,478 | -27,199 | -93,943 | - | -16,524 | 16,600 | 76 | -10,343 | 27,354 | 17,011 | 6,500 | 13,500 | -3,000 | -1,500 | -11,000 | 3,000 | - | - |
| Net margin | 1.96% | -1.44% | 0.26% | 1.57% | 1.71% | 1.86% | -26.54% | - | 0.2% | 0.73% | 0.47% | -7.21% | -23.67% | - | -4.44% | 4.33% | 0.01% | -2.68% | 7.3% | 2.24% | 1.78% | 3.42% | -0.38% | -0.37% | -2.5% | 0.36% | - | - |
| EPS 2 | 32.35 | -16.77 | - | 9.430 | 20.48 | 12.33 | -180.4 | - | 1.260 | 4.800 | 6.060 | -47.38 | -163.7 | -211.0 | -28.79 | 28.92 | 0.1300 | -18.02 | 47.66 | 29.64 | 14.96 | 26.83 | 74.91 | -4.655 | -21.24 | -48.88 | 96.48 | -15.46 |
| Dividend per Share 2 | 13.00 | 5.000 | - | 10.00 | 10.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.000 | - | - | 2.000 | - | - | - |
| Announcement Date | 10/30/19 | 10/29/20 | 4/27/21 | 10/28/21 | 10/28/21 | 1/31/22 | 4/27/22 | 4/27/22 | 7/28/22 | 10/27/22 | 10/27/22 | 2/2/23 | 4/26/23 | 4/26/23 | 7/27/23 | 10/27/23 | 10/27/23 | 2/1/24 | 4/25/24 | 4/25/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 201,189 | 173,035 | 123,355 | 104,739 | 223,626 | 252,717 | 265,468 | 294,789 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.385 x | 1.533 x | 1.841 x | 1.18 x | 2.994 x | 4.701 x | 2.897 x | 2.636 x |
| Free Cash Flow 1 | -19,758 | 25,855 | 55,326 | 44,530 | -109,788 | -28,031 | -35,489 | -20,327 |
| ROE (net income / shareholders' equity) | 10.5% | 5.8% | -1.4% | -16.7% | -28.5% | 4.5% | 3.7% | 7.7% |
| ROA (Net income/ Total Assets) | 6.35% | 3.78% | 0.98% | 3.05% | 1.21% | -0.66% | 1.49% | 2.63% |
| Assets 1 | 864,169 | 831,438 | -765,504 | -2,776,942 | -9,763,999 | -2,592,868 | 505,317 | 1,132,313 |
| Book Value Per Share 2 | 945.0 | 945.0 | 966.0 | 798.0 | 641.0 | 683.0 | 681.0 | 722.0 |
| Cash Flow per Share 2 | 198.0 | 156.0 | 82.30 | 186.0 | -105.0 | 128.0 | 149.0 | 139.0 |
| Capex 1 | 68,411 | 69,321 | 53,103 | 59,931 | 68,989 | 73,747 | 70,000 | 80,313 |
| Capex / Sales | 3.45% | 3.82% | 3.54% | 4.11% | 4.58% | 4.86% | 4.31% | 4.61% |
| Announcement Date | 4/25/19 | 5/11/20 | 4/27/21 | 4/27/22 | 4/26/23 | 4/25/24 | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
450
JPY
Average target price
477.8
JPY
Spread / Average Target
+6.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.89% | 1.63B | |
| +33.10% | 296B | |
| +6.09% | 72.73B | |
| +10.29% | 72.17B | |
| -6.81% | 64.11B | |
| +19.30% | 53.66B | |
| +22.80% | 50.3B | |
| -0.25% | 48.55B | |
| +30.47% | 42.36B | |
| +47.61% | 34.15B |
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- Financials Hino Motors, Ltd
