MITSUBISHI MATERIALS CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,993 JPY | -1.32% |
|
-1.80% | +22.29% |
| Jul. 10 | Jaring Metal Industries Sdn. Bhd. Enters into Memorandum of Understanding with Mitsubishi Materials Corporation | CI |
| May. 30 | Mitsubishi Materials to Acquire H.C. Starck for 21 Billion Yen | MT |
Valuation
| Fiscal Period: Marzo | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 290,037 | 337,628 | 279,969 | 281,862 | 381,124 | 396,196 | - | - |
| Enterprise Value (EV) 1 | 703,209 | 814,023 | 729,457 | 673,297 | 849,364 | 987,896 | 881,009 | 1,032,396 |
| P/E ratio | -3.98 x | 13.8 x | 6.22 x | 13.9 x | 12.8 x | 9.23 x | 8.64 x | 7.99 x |
| Yield | 3.61% | 1.93% | 4.2% | 2.32% | 3.22% | 3.32% | 3.52% | 3.75% |
| Capitalization / Revenue | 0.19 x | 0.23 x | 0.15 x | 0.17 x | 0.25 x | 0.21 x | 0.22 x | 0.2 x |
| EV / Revenue | 0.46 x | 0.55 x | 0.4 x | 0.41 x | 0.55 x | 0.53 x | 0.49 x | 0.53 x |
| EV / EBITDA | 6.88 x | 9.19 x | 6.28 x | 7.13 x | 12.1 x | 11.6 x | 9.35 x | 11 x |
| EV / FCF | -34.3 x | -34.9 x | 198 x | 571 x | -23.3 x | -13.5 x | -92 x | 230 x |
| FCF Yield | -2.91% | -2.86% | 0.5% | 0.18% | -4.3% | -7.4% | -1.09% | 0.43% |
| Price to Book | 0.57 x | 0.62 x | 0.48 x | 0.47 x | 0.58 x | 0.57 x | 0.55 x | 0.52 x |
| Nbr of stocks (in thousands) | 130,942 | 130,661 | 130,644 | 130,673 | 130,634 | 130,628 | - | - |
| Reference price 2 | 2,215 | 2,584 | 2,143 | 2,157 | 2,918 | 3,033 | 3,033 | 3,033 |
| Announcement Date | 5/27/20 | 5/14/21 | 5/13/22 | 5/12/23 | 5/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,516,100 | 1,485,121 | 1,811,759 | 1,625,933 | 1,540,642 | 1,859,945 | 1,812,291 | 1,941,662 |
| EBITDA 1 | 102,160 | 88,529 | 116,244 | 94,478 | 69,975 | 85,267 | 94,260 | 93,500 |
| EBIT 1 | 37,952 | 26,567 | 52,708 | 50,076 | 23,276 | 37,365 | 39,711 | 41,757 |
| Operating Margin | 2.5% | 1.79% | 2.91% | 3.08% | 1.51% | 2.01% | 2.19% | 2.15% |
| Earnings before Tax (EBT) 1 | -40,498 | 43,341 | 76,616 | 14,771 | 46,030 | 59,957 | 65,945 | 68,365 |
| Net income 1 | -72,850 | 24,407 | 45,015 | 20,330 | 29,793 | 42,904 | 45,867 | 49,614 |
| Net margin | -4.81% | 1.64% | 2.48% | 1.25% | 1.93% | 2.31% | 2.53% | 2.56% |
| EPS 2 | -556.3 | 186.7 | 344.6 | 155.6 | 228.1 | 328.5 | 351.1 | 379.7 |
| Free Cash Flow 1 | -20,498 | -23,321 | 3,679 | 1,179 | -36,523 | -73,106 | -9,581 | 4,487 |
| FCF margin | -1.35% | -1.57% | 0.2% | 0.07% | -2.37% | -3.93% | -0.53% | 0.23% |
| FCF Conversion (EBITDA) | - | - | 3.16% | 1.25% | - | - | - | 4.8% |
| FCF Conversion (Net income) | - | - | 8.17% | 5.8% | - | - | - | 9.04% |
| Dividend per Share 2 | 80.00 | 50.00 | 90.00 | 50.00 | 94.00 | 100.7 | 106.8 | 113.8 |
| Announcement Date | 5/27/20 | 5/14/21 | 5/13/22 | 5/12/23 | 5/14/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Marzo | 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 | 725,568 | 759,553 | 860,026 | 453,999 | 497,734 | 951,733 | 422,628 | 409,353 | 831,981 | 411,584 | 382,368 | 793,952 | 362,660 | 353,539 | 716,199 | 365,386 | 459,057 | 824,443 | 475,950 | 476,400 | 952,350 | 490,200 | 474,450 | 930,000 | 439,097 |
| EBITDA 1 | - | - | - | 26,865 | 27,255 | - | 24,889 | 26,773 | - | 20,996 | 23,085 | - | 14,750 | 19,761 | - | 15,361 | 20,103 | - | 30,815 | 30,806 | - | 31,387 | -5,316 | - | 32,737 |
| EBIT 1 | 6,890 | 19,677 | 29,038 | 10,281 | 13,389 | 23,670 | 13,924 | 15,636 | 29,560 | 8,415 | 12,101 | 20,516 | 3,791 | 8,159 | 11,950 | 3,460 | 7,866 | 11,326 | 7,600 | 10,600 | 17,800 | 8,567 | 10,567 | 19,000 | 19,132 |
| Operating Margin | 0.95% | 2.59% | 3.38% | 2.26% | 2.69% | 2.49% | 3.29% | 3.82% | 3.55% | 2.04% | 3.16% | 2.58% | 1.05% | 2.31% | 1.67% | 0.95% | 1.71% | 1.37% | 1.6% | 2.23% | 1.87% | 1.75% | 2.23% | 2.04% | 4.36% |
| Earnings before Tax (EBT) | -6,568 | - | 57,987 | 35,812 | - | - | 27,421 | - | 34,705 | -25,992 | - | - | 7,107 | 11,212 | 18,319 | 24,029 | 3,682 | - | - | - | - | - | - | - | - |
| Net income 1 | -19,150 | - | 38,181 | 23,291 | -16,457 | - | 24,135 | -511 | 23,624 | -22,514 | 19,220 | - | 4,918 | 6,202 | 11,120 | 13,480 | 5,193 | - | 7,500 | 11,500 | - | 16,000 | 8,000 | - | 16,441 |
| Net margin | -2.64% | - | 4.44% | 5.13% | -3.31% | - | 5.71% | -0.12% | 2.84% | -5.47% | 5.03% | - | 1.36% | 1.75% | 1.55% | 3.69% | 1.13% | - | 1.58% | 2.41% | - | 3.26% | 1.69% | - | 3.74% |
| EPS | -146.4 | - | 292.2 | 178.3 | -126.0 | - | 184.7 | -3.930 | 180.8 | -172.3 | 147.1 | - | 37.65 | 47.47 | 85.12 | 103.2 | 39.76 | - | - | - | - | - | - | - | 125.9 |
| Dividend per Share 2 | - | 50.00 | 40.00 | - | 50.00 | 50.00 | - | 25.00 | 25.00 | - | 25.00 | 25.00 | - | 47.00 | 47.00 | - | 47.00 | 47.00 | - | 47.00 | - | - | 47.00 | - | - |
| Announcement Date | 12/16/20 | 5/14/21 | 11/9/21 | 2/9/22 | 5/13/22 | 5/13/22 | 8/9/22 | 11/10/22 | 11/10/22 | 2/10/23 | 5/12/23 | 5/12/23 | 8/9/23 | 11/9/23 | 11/9/23 | 2/9/24 | 5/14/24 | 5/14/24 | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: Marzo | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 413,172 | 476,395 | 449,488 | 391,435 | 468,240 | 591,700 | 484,813 | 636,200 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.044 x | 5.381 x | 3.867 x | 4.143 x | 6.692 x | 6.939 x | 5.143 x | 6.804 x |
| Free Cash Flow 1 | -20,498 | -23,321 | 3,679 | 1,179 | -36,523 | -73,106 | -9,581 | 4,487 |
| ROE (net income / shareholders' equity) | -12.8% | 4.6% | 8% | 3.5% | 4.8% | 6.6% | 6.44% | 6.7% |
| ROA (Net income/ Total Assets) | 2.58% | 2.26% | 3.66% | 1.26% | 2.67% | 2.27% | 1.95% | 2.1% |
| Assets 1 | -2,821,139 | 1,079,722 | 1,230,866 | 1,613,492 | 1,117,727 | 1,892,829 | 2,352,178 | 2,362,581 |
| Book Value Per Share 2 | 3,870 | 4,173 | 4,477 | 4,542 | 5,004 | 5,359 | 5,482 | 5,797 |
| Cash Flow per Share 2 | -66.00 | 661.0 | 831.0 | 495.0 | 586.0 | 678.0 | 666.0 | 773.0 |
| Capex 1 | 88,043 | 81,519 | 81,450 | 81,106 | 87,874 | 78,000 | 80,185 | 78,875 |
| Capex / Sales | 5.81% | 5.49% | 4.5% | 4.99% | 5.7% | 4.19% | 4.42% | 4.06% |
| Announcement Date | 5/27/20 | 5/14/21 | 5/13/22 | 5/12/23 | 5/14/24 | - | - | - |
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
8
Last Close Price
3,033
JPY
Average target price
3,066
JPY
Spread / Average Target
+1.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.29% | 2.51B | |
| -14.54% | 150B | |
| -13.92% | 115B | |
| -2.11% | 74.37B | |
| +16.02% | 47.81B | |
| -8.55% | 43.48B | |
| +18.44% | 37.24B | |
| +108.07% | 33.35B | |
| +22.10% | 25.95B | |
| +76.17% | 20.39B |
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