MAZDA MOTOR CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,658 JPY | +3.01% |
|
+5.44% | +8.80% |
| May. 28 | Global markets live: Nokia, Next, Apple, Tesla, Microsoft... |  |
| May. 28 | Toyota, Subaru and Mazda commit to developing new engines | RE |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 779,958 | 360,238 | 568,067 | 572,547 | 771,705 | 1,044,350 | - | - |
| Enterprise Value (EV) 1 | 684,357 | 411,146 | 584,994 | 509,612 | 678,702 | 759,324 | 634,246 | 565,993 |
| P/E ratio | 12.3 x | 29.7 x | -17.9 x | 7.02 x | 5.4 x | 5.33 x | 5.37 x | 5 x |
| Yield | 2.83% | 6.12% | - | 2.2% | 3.67% | 3.42% | 4.42% | 4.69% |
| Capitalization / Revenue | 0.22 x | 0.11 x | 0.2 x | 0.18 x | 0.2 x | 0.23 x | 0.2 x | 0.2 x |
| EV / Revenue | 0.19 x | 0.12 x | 0.2 x | 0.16 x | 0.18 x | 0.16 x | 0.12 x | 0.11 x |
| EV / EBITDA | 3.99 x | 3.03 x | 5.93 x | 2.62 x | 2.74 x | 2.09 x | 1.63 x | 1.42 x |
| EV / FCF | 45.4 x | -5.65 x | 14.2 x | 9.63 x | 17.9 x | 2.55 x | 6.34 x | 2.88 x |
| FCF Yield | 2.2% | -17.7% | 7.04% | 10.4% | 5.6% | 39.2% | 15.8% | 34.7% |
| Price to Book | 0.64 x | 0.31 x | 0.48 x | 0.44 x | 0.54 x | 0.64 x | 0.57 x | 0.54 x |
| Nbr of stocks (in thousands) | 629,760 | 629,787 | 629,786 | 629,865 | 629,963 | 630,076 | - | - |
| Reference price 2 | 1,238 | 572.0 | 902.0 | 909.0 | 1,225 | 1,658 | 1,658 | 1,658 |
| Announcement Date | 5/9/19 | 5/14/20 | 5/14/21 | 5/13/22 | 5/12/23 | 5/10/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,564,696 | 3,430,000 | 2,882,066 | 3,120,349 | 3,826,800 | 4,827,662 | 5,174,749 | 5,336,032 |
| EBITDA 1 | 171,456 | 135,872 | 98,585 | 194,508 | 247,950 | 363,851 | 389,080 | 399,301 |
| EBIT 1 | 83,013 | 43,600 | 8,820 | 104,227 | 142,000 | 250,503 | 279,813 | 283,913 |
| Operating Margin | 2.33% | 1.27% | 0.31% | 3.34% | 3.71% | 5.19% | 5.41% | 5.32% |
| Earnings before Tax (EBT) 1 | 108,273 | 49,282 | 2,202 | 112,399 | 170,000 | 298,323 | 278,151 | 289,729 |
| Net income 1 | 63,476 | 12,131 | -31,651 | 81,557 | 142,800 | 207,696 | 194,661 | 208,825 |
| Net margin | 1.78% | 0.35% | -1.1% | 2.61% | 3.73% | 4.3% | 3.76% | 3.91% |
| EPS 2 | 100.8 | 19.26 | -50.26 | 129.5 | 226.7 | 329.6 | 308.9 | 331.3 |
| Free Cash Flow 1 | 15,079 | -72,715 | 41,196 | 52,918 | 37,997 | 297,552 | 100,000 | 196,453 |
| FCF margin | 0.42% | -2.12% | 1.43% | 1.7% | 0.99% | 6.16% | 1.93% | 3.68% |
| FCF Conversion (EBITDA) | 8.79% | - | 41.79% | 27.21% | 15.32% | 81.78% | 25.7% | 49.2% |
| FCF Conversion (Net income) | 23.76% | - | - | 64.88% | 26.61% | 143.26% | 51.37% | 94.08% |
| Dividend per Share 2 | 35.00 | 35.00 | - | 20.00 | 45.00 | 60.00 | 73.33 | 77.71 |
| Announcement Date | 5/9/19 | 5/14/20 | 5/14/21 | 5/13/22 | 5/12/23 | 5/10/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 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 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,706,574 | 1,723,430 | 1,115,759 | 1,766,300 | 692,456 | 1,495,855 | 666,524 | 957,970 | 1,624,494 | 617,223 | 1,025,283 | 1,642,506 | 1,053,749 | 1,130,500 | 2,184,300 | 1,091,000 | 1,226,288 | 2,317,259 | 1,249,229 | 1,261,174 | 2,510,403 | 1,199,978 | 1,281,035 | 2,639,981 | 1,255,329 | 1,401,104 | 2,802,345 | 2,769,747 | 2,941,591 |
| EBITDA 1 | - | - | - | - | 21,734 | - | 45,722 | 65,057 | - | 5,594 | 101,054 | - | 81,395 | 59,871 | - | 57,488 | 127,890 | - | 99,603 | 78,870 | - | 84,800 | 100,000 | - | 105,600 | 111,900 | - | - | - |
| EBIT 1 | 25,811 | 17,789 | -52,863 | 61,700 | 13,635 | 39,741 | 23,921 | 40,565 | 64,486 | -19,528 | 74,769 | 55,241 | 54,223 | 32,500 | 86,800 | 30,000 | 99,586 | 129,611 | 70,591 | 50,301 | 120,892 | 53,116 | 85,627 | - | 79,615 | 63,242 | - | 178,987 | 97,541 |
| Operating Margin | 1.51% | 1.03% | -4.74% | 3.49% | 1.97% | 2.66% | 3.59% | 4.23% | 3.97% | -3.16% | 7.29% | 3.36% | 5.15% | 2.87% | 3.97% | 2.75% | 8.12% | 5.59% | 5.65% | 3.99% | 4.82% | 4.43% | 6.68% | - | 6.34% | 4.51% | - | 6.46% | 3.32% |
| Earnings before Tax (EBT) 1 | 32,706 | 16,576 | -75,165 | 77,400 | 10,480 | 35,904 | 14,990 | 61,505 | 76,495 | 20,289 | 89,035 | 109,324 | 13,029 | 47,600 | 60,700 | 63,200 | 114,069 | 177,228 | 58,096 | 62,999 | 121,095 | 89,940 | 65,919 | 196,118 | 51,087 | 58,133 | 67,339 | 187,507 | 112,435 |
| Net income 1 | 16,617 | -4,486 | -93,028 | 61,300 | 12,477 | 23,854 | 5,572 | 52,131 | 57,703 | 14,997 | 70,862 | 85,859 | 17,712 | 39,200 | 56,900 | 37,200 | 70,890 | 108,132 | 57,360 | 42,204 | 99,564 | 41,287 | 58,098 | - | 59,459 | 53,042 | - | - | - |
| Net margin | 0.97% | -0.26% | -8.34% | 3.47% | 1.8% | 1.59% | 0.84% | 5.44% | 3.55% | 2.43% | 6.91% | 5.23% | 1.68% | 3.47% | 2.6% | 3.41% | 5.78% | 4.67% | 4.59% | 3.35% | 3.97% | 3.44% | 4.54% | - | 4.74% | 3.79% | - | - | - |
| EPS | 26.39 | -7.130 | -147.7 | 97.45 | 19.81 | 37.87 | 8.850 | 82.77 | 91.62 | 23.81 | 112.5 | 136.3 | 28.11 | 62.30 | 90.40 | 59.10 | 112.5 | 171.6 | 91.04 | 66.98 | 158.0 | 83.90 | 99.84 | 249.8 | 66.96 | 59.90 | 81.46 | 239.6 | 143.7 |
| Dividend per Share 2 | 15.00 | 20.00 | - | - | - | - | - | 20.00 | 20.00 | - | 20.00 | 20.00 | - | 25.00 | 25.00 | - | 25.00 | 25.00 | - | 35.00 | - | - | 30.00 | - | - | 40.00 | - | - | - |
| Announcement Date | 11/1/19 | 5/14/20 | 11/9/20 | 5/14/21 | 11/10/21 | 11/10/21 | 2/10/22 | 5/13/22 | 5/13/22 | 8/9/22 | 11/10/22 | 11/10/22 | 2/10/23 | 5/12/23 | 5/12/23 | 8/8/23 | 11/7/23 | 11/7/23 | 2/9/24 | 5/10/24 | 5/10/24 | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 50,908 | 16,927 | - | - | - | - | - |
| Net Cash position 1 | 95,601 | - | - | 62,935 | 93,003 | 346,774 | 410,104 | 478,357 |
| Leverage (Debt/EBITDA) | - | 0.3747 x | 0.1717 x | - | - | - | - | - |
| Free Cash Flow 1 | 15,079 | -72,715 | 41,196 | 52,918 | 37,997 | 297,552 | 100,000 | 196,453 |
| ROE (net income / shareholders' equity) | 5.3% | 1% | -2.7% | 6.6% | 10.4% | 13.1% | 11.3% | 11.2% |
| ROA (Net income/ Total Assets) | 4.17% | 1.88% | 0.99% | 4.2% | 5.97% | 9.08% | 8.15% | 6.96% |
| Assets 1 | 1,521,597 | 646,487 | -3,195,812 | 1,942,962 | 2,391,339 | 2,287,373 | 2,388,482 | 3,000,296 |
| Book Value Per Share 2 | 1,935 | 1,866 | 1,876 | 2,066 | 2,285 | 2,758 | 2,924 | 3,054 |
| Cash Flow per Share 2 | 241.0 | 166.0 | 92.30 | 273.0 | 395.0 | 510.0 | 482.0 | 546.0 |
| Capex 1 | 119,734 | 107,549 | 92,972 | 144,332 | 94,139 | 121,343 | 147,143 | 146,468 |
| Capex / Sales | 3.36% | 3.14% | 3.23% | 4.63% | 2.46% | 2.51% | 2.84% | 2.74% |
| Announcement Date | 5/9/19 | 5/14/20 | 5/14/21 | 5/13/22 | 5/12/23 | 5/10/24 | - | - |
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
16
Last Close Price
1,658
JPY
Average target price
1,968
JPY
Spread / Average Target
+18.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.80% | 6.64B | |
| +31.29% | 291B | |
| +6.16% | 72.76B | |
| +2.86% | 67.67B | |
| -7.54% | 63.63B | |
| +20.70% | 54.27B | |
| +25.31% | 51.31B | |
| +18.20% | 40.52B | |
| +24.32% | 39.72B | |
| +44.92% | 33.44B |
- Stock Market
- Equities
- 7261 Stock
- Financials Mazda Motor Corporation
