MINEBEAMITSUMI INC. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,615 JPY | +1.43% |
|
+1.46% | +24.72% |
| May. 14 | Minebea Mitsumi's Attributable Profit Drops 26% in Fiscal 2024 | MT |
| May. 10 | Transcript : MINEBEA MITSUMI Inc., 2024 Earnings Call, May 10, 2024 |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 663,257 | 1,153,591 | 1,091,138 | 1,031,791 | 1,193,345 | 1,441,233 | - | - |
| Enterprise Value (EV) 1 | 754,223 | 1,256,733 | 1,198,261 | 1,241,451 | 1,409,064 | 1,595,935 | 1,553,260 | 1,485,983 |
| P/E ratio | 14.5 x | 29.8 x | 15.8 x | 13.4 x | 22.2 x | 19 x | 16.3 x | 14.9 x |
| Yield | 1.73% | 0.99% | 1.34% | 1.59% | 1.36% | 1.25% | 1.38% | 1.53% |
| Capitalization / Revenue | 0.68 x | 1.17 x | 0.97 x | 0.8 x | 0.85 x | 0.95 x | 0.91 x | 0.88 x |
| EV / Revenue | 0.77 x | 1.27 x | 1.07 x | 0.96 x | 1 x | 1.06 x | 0.98 x | 0.91 x |
| EV / EBITDA | 7.19 x | 12.6 x | 8.72 x | 8.03 x | 10.7 x | 9.59 x | 8.34 x | 7.48 x |
| EV / FCF | 27.7 x | 26.1 x | 80.9 x | -20 x | 77.5 x | 45.7 x | 25.2 x | 19 x |
| FCF Yield | 3.61% | 3.84% | 1.24% | -5.01% | 1.29% | 2.19% | 3.97% | 5.26% |
| Price to Book | 1.67 x | 2.55 x | 2.03 x | 1.62 x | 1.69 x | 1.93 x | 1.77 x | 1.61 x |
| Nbr of stocks (in thousands) | 410,940 | 407,774 | 405,025 | 410,908 | 404,387 | 404,386 | - | - |
| Reference price 2 | 1,614 | 2,829 | 2,694 | 2,511 | 2,951 | 3,564 | 3,564 | 3,564 |
| Announcement Date | 5/8/20 | 5/7/21 | 5/11/22 | 5/11/23 | 5/10/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 978,445 | 988,424 | 1,124,140 | 1,292,203 | 1,402,127 | 1,512,558 | 1,591,774 | 1,639,798 |
| EBITDA 1 | 104,892 | 99,794 | 137,367 | 154,655 | 131,895 | 166,451 | 186,184 | 198,779 |
| EBIT 1 | 58,647 | 51,166 | 92,136 | 101,522 | 73,536 | 102,975 | 119,434 | 131,368 |
| Operating Margin | 5.99% | 5.18% | 8.2% | 7.86% | 5.24% | 6.81% | 7.5% | 8.01% |
| Earnings before Tax (EBT) 1 | 58,089 | 49,527 | 90,788 | 96,120 | 75,545 | 100,989 | 116,683 | 127,165 |
| Net income 1 | 45,975 | 38,759 | 68,935 | 77,010 | 54,035 | 76,516 | 89,123 | 97,614 |
| Net margin | 4.7% | 3.92% | 6.13% | 5.96% | 3.85% | 5.06% | 5.6% | 5.95% |
| EPS 2 | 111.1 | 94.95 | 170.1 | 187.6 | 133.0 | 187.7 | 218.6 | 239.7 |
| Free Cash Flow 1 | 27,201 | 48,241 | 14,812 | -62,182 | 18,189 | 34,936 | 61,716 | 78,194 |
| FCF margin | 2.78% | 4.88% | 1.32% | -4.81% | 1.3% | 2.31% | 3.88% | 4.77% |
| FCF Conversion (EBITDA) | 25.93% | 48.34% | 10.78% | - | 13.79% | 20.99% | 33.15% | 39.34% |
| FCF Conversion (Net income) | 59.16% | 124.46% | 21.49% | - | 33.66% | 45.66% | 69.25% | 80.11% |
| Dividend per Share 2 | 28.00 | 28.00 | 36.00 | 40.00 | 40.00 | 44.69 | 49.31 | 54.70 |
| Announcement Date | 5/8/20 | 5/7/21 | 5/11/22 | 5/11/23 | 5/10/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 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 Q1 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 494,547 | 461,730 | 526,694 | 530,260 | 304,348 | 289,532 | 593,880 | 251,040 | 330,021 | 581,061 | 371,424 | 339,718 | 711,142 | 292,370 | 379,747 | 672,117 | 381,207 | 348,803 | 730,010 | 332,170 | 391,230 | 722,472 | 411,718 | 392,152 | 808,596 | 350,249 | 804,414 | 846,250 |
| EBITDA 1 | - | - | - | - | 37,405 | 33,524 | - | 26,130 | 39,446 | - | 39,873 | 49,206 | - | 20,855 | - | - | 40,150 | 34,621 | - | 34,705 | 42,419 | - | 46,501 | 43,360 | - | 40,918 | - | - |
| EBIT 1 | 35,612 | 22,921 | 28,245 | 44,633 | 25,832 | 21,671 | 47,503 | 14,255 | 26,394 | 40,649 | 26,432 | 34,441 | 60,873 | 6,079 | 21,110 | 27,162 | 24,091 | 22,283 | 46,374 | 19,386 | 28,084 | 45,144 | 30,695 | 28,562 | 58,367 | 23,059 | 61,722 | 71,082 |
| Operating Margin | 7.2% | 4.96% | 5.36% | 8.42% | 8.49% | 7.48% | 8% | 5.68% | 8% | 7% | 7.12% | 10.14% | 8.56% | 2.08% | 5.56% | 4.04% | 6.32% | 6.39% | 6.35% | 5.84% | 7.18% | 6.25% | 7.46% | 7.28% | 7.22% | 6.58% | 7.67% | 8.4% |
| Earnings before Tax (EBT) 1 | - | 22,249 | 27,278 | 44,319 | 25,122 | 21,347 | 46,469 | 14,274 | 28,184 | 42,458 | 20,463 | 33,199 | 53,662 | 7,838 | 22,390 | 30,201 | 20,801 | 24,543 | 45,344 | 17,363 | 27,324 | 44,687 | 30,114 | 27,653 | 57,767 | 22,659 | 61,122 | 70,482 |
| Net income 1 | 29,762 | 16,812 | 21,947 | 35,052 | 18,395 | 15,488 | 33,883 | 10,734 | 20,060 | 30,794 | 13,148 | 33,068 | 46,216 | 3,661 | 15,958 | 19,600 | 14,800 | 19,635 | 34,435 | 14,549 | 21,561 | 35,749 | 22,928 | 22,415 | 46,214 | 17,417 | 48,898 | 56,385 |
| Net margin | 6.02% | 3.64% | 4.17% | 6.61% | 6.04% | 5.35% | 5.71% | 4.28% | 6.08% | 5.3% | 3.54% | 9.73% | 6.5% | 1.25% | 4.2% | 2.92% | 3.88% | 5.63% | 4.72% | 4.38% | 5.51% | 4.95% | 5.57% | 5.72% | 5.72% | 4.97% | 6.08% | 6.66% |
| EPS 2 | - | 41.16 | 53.79 | 86.45 | 45.42 | 38.21 | 83.63 | 26.43 | 48.62 | 75.22 | 31.84 | 80.56 | 112.4 | 8.960 | 39.17 | 48.06 | 36.52 | 48.47 | 84.99 | 34.30 | 53.38 | 87.50 | 57.15 | 55.35 | 113.2 | 47.30 | 113.7 | 131.1 |
| Dividend per Share 2 | - | 14.00 | 14.00 | 18.00 | - | 18.00 | 18.00 | - | 20.00 | 20.00 | - | 20.00 | 20.00 | - | 20.00 | 20.00 | - | 20.00 | 20.00 | - | 25.71 | - | - | 34.29 | - | - | - | - |
| Announcement Date | 5/8/20 | 11/6/20 | 5/7/21 | 11/5/21 | 2/4/22 | 5/11/22 | 5/11/22 | 8/5/22 | 11/2/22 | 11/2/22 | 2/3/23 | 5/11/23 | 5/11/23 | 8/4/23 | 11/2/23 | 11/2/23 | 2/2/24 | 5/10/24 | 5/10/24 | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 90,966 | 103,142 | 107,123 | 209,660 | 215,719 | 154,702 | 112,027 | 44,751 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8672 x | 1.034 x | 0.7798 x | 1.356 x | 1.636 x | 0.9294 x | 0.6017 x | 0.2251 x |
| Free Cash Flow 1 | 27,201 | 48,241 | 14,812 | -62,182 | 18,189 | 34,936 | 61,716 | 78,194 |
| ROE (net income / shareholders' equity) | 11.6% | 9.2% | 13.9% | 13.1% | 8.1% | 10.6% | 11.3% | 11.2% |
| ROA (Net income/ Total Assets) | 7.23% | 5.38% | 8.73% | 7.98% | 5.55% | 5.7% | 6.32% | 6.1% |
| Assets 1 | 635,781 | 720,466 | 790,033 | 964,692 | 972,797 | 1,342,385 | 1,410,175 | 1,600,228 |
| Book Value Per Share 2 | 966.0 | 1,109 | 1,326 | 1,550 | 1,741 | 1,851 | 2,013 | 2,212 |
| Cash Flow per Share 2 | 223.0 | 214.0 | 282.0 | 317.0 | 277.0 | 318.0 | 365.0 | 377.0 |
| Capex 1 | 59,285 | 45,522 | 73,504 | 147,040 | 83,570 | 74,143 | 73,486 | 75,900 |
| Capex / Sales | 6.06% | 4.61% | 6.54% | 11.38% | 5.96% | 4.9% | 4.62% | 4.63% |
| Announcement Date | 5/8/20 | 5/7/21 | 5/11/22 | 5/11/23 | 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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
3,564
JPY
Average target price
3,527
JPY
Spread / Average Target
-1.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.72% | 9.13B | |
| +19.83% | 114B | |
| -2.19% | 30.01B | |
| +2.05% | 20.22B | |
| -11.52% | 18.73B | |
| -4.79% | 17.42B | |
| +19.82% | 16.84B | |
| +16.68% | 13.05B | |
| -0.59% | 12.08B | |
| +4.70% | 8.59B |
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