MITSUBISHI CHEMICAL GROUP CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 910.9 JPY | +1.12% |
|
-0.76% | +5.43% |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 912,789 | 1,178,667 | 1,161,147 | 1,117,284 | 1,303,036 | 1,281,458 | - | - |
| Enterprise Value (EV) 1 | 2,967,832 | 3,178,594 | 3,024,242 | 3,063,828 | 3,209,123 | 3,322,799 | 3,275,864 | 3,229,642 |
| P/E ratio | 16.9 x | -156 x | 6.55 x | 11.6 x | 10.9 x | 17.5 x | 10 x | 9.97 x |
| Yield | 4.98% | 2.89% | 3.67% | 3.82% | 3.49% | 3.55% | 3.63% | 3.64% |
| Capitalization / Revenue | 0.25 x | 0.36 x | 0.29 x | 0.24 x | 0.3 x | 0.28 x | 0.27 x | 0.26 x |
| EV / Revenue | 0.83 x | 0.98 x | 0.76 x | 0.66 x | 0.73 x | 0.72 x | 0.69 x | 0.66 x |
| EV / EBITDA | 7.73 x | 10.9 x | 5.45 x | 6.77 x | 5.97 x | 6.46 x | 5.57 x | 5.47 x |
| EV / FCF | 14 x | 15.6 x | 13.9 x | 28.5 x | 17.7 x | 49.5 x | 42.1 x | 41.1 x |
| FCF Yield | 7.13% | 6.4% | 7.21% | 3.51% | 5.65% | 2.02% | 2.37% | 2.43% |
| Price to Book | 0.78 x | 0.95 x | 0.8 x | 0.71 x | 0.74 x | 0.72 x | 0.67 x | 0.66 x |
| Nbr of stocks (in thousands) | 1,420,020 | 1,420,252 | 1,421,059 | 1,422,023 | 1,422,528 | 1,422,577 | - | - |
| Reference price 2 | 642.8 | 829.9 | 817.1 | 785.7 | 916.0 | 900.8 | 900.8 | 900.8 |
| Announcement Date | 5/13/20 | 5/12/21 | 5/13/22 | 5/12/23 | 5/15/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,580,510 | 3,257,535 | 3,976,948 | 4,634,532 | 4,387,218 | 4,608,096 | 4,725,642 | 4,895,620 |
| EBITDA 1 | 384,109 | 291,311 | 554,663 | 452,334 | 537,267 | 514,217 | 587,693 | 590,820 |
| EBIT 1 | 144,285 | 47,518 | 303,194 | 182,718 | 261,831 | 232,117 | 296,457 | 312,400 |
| Operating Margin | 4.03% | 1.46% | 7.62% | 3.94% | 5.97% | 5.04% | 6.27% | 6.38% |
| Earnings before Tax (EBT) 1 | 122,003 | 32,908 | 290,370 | 167,964 | 240,547 | 197,633 | 274,079 | 278,748 |
| Net income 1 | 54,077 | -7,557 | 177,162 | 96,066 | 119,596 | 73,233 | 128,134 | 128,588 |
| Net margin | 1.51% | -0.23% | 4.45% | 2.07% | 2.73% | 1.59% | 2.71% | 2.63% |
| EPS 2 | 38.08 | -5.320 | 124.7 | 67.57 | 84.07 | 51.49 | 90.09 | 90.39 |
| Free Cash Flow 1 | 211,613 | 203,418 | 218,090 | 107,557 | 181,272 | 67,100 | 77,750 | 78,600 |
| FCF margin | 5.91% | 6.24% | 5.48% | 2.32% | 4.13% | 1.46% | 1.65% | 1.61% |
| FCF Conversion (EBITDA) | 55.09% | 69.83% | 39.32% | 23.78% | 33.74% | 13.05% | 13.23% | 13.3% |
| FCF Conversion (Net income) | 391.32% | - | 123.1% | 111.96% | 151.57% | 91.62% | 60.68% | 61.13% |
| Dividend per Share 2 | 32.00 | 24.00 | 30.00 | 30.00 | 32.00 | 32.00 | 32.67 | 32.80 |
| Announcement Date | 5/13/20 | 5/12/21 | 5/13/22 | 5/12/23 | 5/15/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,753,000 | 1,504,816 | 1,752,719 | 1,885,095 | 1,015,199 | 986,654 | 2,091,853 | 1,106,500 | 1,163,300 | 2,269,800 | 1,136,357 | 1,228,367 | 2,364,724 | 1,061,200 | 1,088,700 | 2,149,900 | 1,095,242 | 1,142,076 | 2,237,318 | 1,110,533 | 1,152,500 | 2,275,000 | 1,158,600 | 1,190,633 | 2,389,350 | 1,078,300 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 13,728 | -28,126 | 75,644 | 153,137 | 65,100 | 84,957 | 150,057 | 68,000 | 50,400 | 118,400 | -69,730 | 134,096 | 64,366 | 69,700 | 68,900 | 138,600 | 73,882 | 49,349 | 123,231 | 51,095 | 50,572 | 101,750 | 75,933 | 51,267 | 134,000 | 63,109 |
| Operating Margin | 0.78% | -1.87% | 4.32% | 8.12% | 6.41% | 8.61% | 7.17% | 6.15% | 4.33% | 5.22% | -6.14% | 10.92% | 2.72% | 6.57% | 6.33% | 6.45% | 6.75% | 4.32% | 5.51% | 4.6% | 4.39% | 4.47% | 6.55% | 4.31% | 5.61% | 5.85% |
| Earnings before Tax (EBT) 1 | -425 | -36,800 | 69,708 | 147,165 | 61,012 | 82,193 | 143,205 | 75,100 | 46,900 | 122,000 | -82,760 | 128,757 | 45,997 | 68,800 | 61,400 | 130,200 | 61,633 | 48,714 | 110,347 | 42,228 | 41,705 | 83,000 | 67,067 | 44,400 | 122,000 | 56,119 |
| Net income 1 | -27,241 | -49,687 | 42,130 | 85,166 | 36,966 | 55,030 | 91,996 | 44,900 | 29,000 | 73,900 | -56,905 | 79,027 | 22,122 | 42,500 | 24,700 | 67,200 | 36,652 | 15,744 | 52,396 | 10,795 | 14,438 | 27,150 | 30,233 | 12,733 | 43,700 | 23,819 |
| Net margin | -1.55% | -3.3% | 2.4% | 4.52% | 3.64% | 5.58% | 4.4% | 4.06% | 2.49% | 3.26% | -5.01% | 6.43% | 0.94% | 4% | 2.27% | 3.13% | 3.35% | 1.38% | 2.34% | 0.97% | 1.25% | 1.19% | 2.61% | 1.07% | 1.83% | 2.21% |
| EPS 2 | - | -34.99 | - | 59.94 | 26.01 | 38.73 | - | 31.58 | 20.44 | 52.02 | -40.03 | 55.58 | - | 29.91 | 17.34 | 47.25 | 25.77 | 11.05 | - | 6.738 | 8.305 | - | 21.51 | 4.288 | - | 16.74 |
| Dividend per Share 2 | - | 12.00 | - | 15.00 | - | 15.00 | - | - | 15.00 | 15.00 | - | 15.00 | - | - | 16.00 | 16.00 | - | 16.00 | - | - | 16.00 | - | - | 16.00 | - | - |
| Announcement Date | 5/13/20 | 11/4/20 | 5/12/21 | 11/2/21 | 2/3/22 | 5/13/22 | 5/13/22 | 8/3/22 | 11/8/22 | 11/8/22 | 2/7/23 | 5/12/23 | 5/12/23 | 8/2/23 | 11/1/23 | 11/1/23 | 2/6/24 | 5/15/24 | 5/15/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,055,043 | 1,999,927 | 1,863,095 | 1,946,544 | 1,906,087 | 2,041,342 | 1,994,406 | 1,948,185 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.35 x | 6.865 x | 3.359 x | 4.303 x | 3.548 x | 3.97 x | 3.394 x | 3.297 x |
| Free Cash Flow 1 | 211,613 | 203,418 | 218,090 | 107,557 | 181,272 | 67,100 | 77,750 | 78,600 |
| ROE (net income / shareholders' equity) | 4.2% | -0.6% | 13.2% | 6.4% | 7.2% | 4.14% | 6.96% | 6.79% |
| ROA (Net income/ Total Assets) | 2.28% | -0.15% | 5.35% | 2.96% | 4.05% | 2.56% | 3.3% | 3.63% |
| Assets 1 | 2,372,381 | 5,211,724 | 3,313,316 | 3,245,144 | 2,952,878 | 2,858,444 | 3,880,200 | 3,542,369 |
| Book Value Per Share 2 | 824.0 | 870.0 | 1,026 | 1,100 | 1,240 | 1,256 | 1,340 | 1,363 |
| Cash Flow per Share 2 | 207.0 | 166.0 | 302.0 | 257.0 | 278.0 | 235.0 | 300.0 | 271.0 |
| Capex 1 | 240,390 | 263,715 | 254,589 | 282,173 | 283,874 | 328,922 | 334,672 | 330,922 |
| Capex / Sales | 6.71% | 8.1% | 6.4% | 6.09% | 6.47% | 7.14% | 7.08% | 6.76% |
| Announcement Date | 5/13/20 | 5/12/21 | 5/13/22 | 5/12/23 | 5/15/24 | - | - | - |
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
10
Last Close Price
900.8
JPY
Average target price
983.3
JPY
Spread / Average Target
+9.16%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.43% | 7.97B | |
| +11.85% | 79.93B | |
| -7.85% | 43.46B | |
| +3.30% | 33.23B | |
| +14.66% | 18.7B | |
| +6.60% | 11.26B | |
| -23.67% | 9.96B | |
| -10.92% | 9.55B | |
| +0.38% | 8.76B | |
| -3.54% | 8.41B |
- Stock Market
- Equities
- 4188 Stock
- Financials Mitsubishi Chemical Group Corporation
