TOYOTA INDUSTRIES CORPORATION Financials Toyota Industries Corporation Deutsche Boerse AG
Equities
TAH
JP3634600005
Heavy Machinery & Vehicles
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 78.5 EUR | +1.23% |
|
+3.70% | +5.37% |
| Jun. 28 | Sector Update: Consumer Stocks Fall in Late Afternoon Trading | MT |
| Jun. 28 | Sector Update: Consumer Stocks Decline Friday Afternoon | MT |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,608,309 | 3,061,358 | 2,629,767 | 2,282,024 | 4,858,976 | 4,211,621 | - | - |
| Enterprise Value (EV) 1 | 2,589,935 | 4,168,472 | 3,773,197 | 3,778,432 | 6,068,392 | 5,341,602 | 5,301,268 | 5,276,225 |
| P/E ratio | 11 x | 22.4 x | 14.6 x | 11.8 x | 21.2 x | 15.5 x | 14.2 x | 13.3 x |
| Yield | 3.09% | 1.52% | 2.01% | 2.59% | 1.53% | 2.07% | 2.19% | 2.32% |
| Capitalization / Revenue | 0.74 x | 1.45 x | 0.97 x | 0.68 x | 1.27 x | 1.05 x | 1.01 x | 0.96 x |
| EV / Revenue | 1.19 x | 1.97 x | 1.39 x | 1.12 x | 1.58 x | 1.34 x | 1.27 x | 1.2 x |
| EV / EBITDA | 7.7 x | 12.7 x | 9.86 x | 8.84 x | 12.5 x | 11.1 x | 10.5 x | 9.82 x |
| EV / FCF | 19.8 x | -191 x | 45.1 x | -16.2 x | 13.8 x | 30.6 x | 61.1 x | 25.8 x |
| FCF Yield | 5.04% | -0.52% | 2.22% | -6.16% | 7.27% | 3.27% | 1.64% | 3.88% |
| Price to Book | 0.66 x | 0.95 x | 0.67 x | 0.59 x | 0.8 x | 0.74 x | 0.71 x | 0.69 x |
| Nbr of stocks (in thousands) | 310,484 | 310,483 | 310,480 | 310,479 | 310,478 | 310,477 | - | - |
| Reference price 2 | 5,180 | 9,860 | 8,470 | 7,350 | 15,650 | 13,565 | 13,565 | 13,565 |
| Announcement Date | 4/30/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,171,355 | 2,118,302 | 2,705,183 | 3,379,891 | 3,833,205 | 3,995,354 | 4,174,403 | 4,384,597 |
| EBITDA 1 | 336,545 | 327,998 | 382,803 | 427,666 | 485,343 | 480,947 | 504,296 | 537,113 |
| EBIT 1 | 128,233 | 118,159 | 159,066 | 169,904 | 200,404 | 262,351 | 281,694 | 294,816 |
| Operating Margin | 5.91% | 5.58% | 5.88% | 5.03% | 5.23% | 6.57% | 6.75% | 6.72% |
| Earnings before Tax (EBT) 1 | 196,288 | 184,011 | 246,123 | 262,967 | 309,190 | 378,010 | 404,206 | 433,326 |
| Net income 1 | 145,881 | 136,700 | 180,306 | 192,861 | 228,778 | 272,248 | 296,536 | 314,689 |
| Net margin | 6.72% | 6.45% | 6.67% | 5.71% | 5.97% | 6.81% | 7.1% | 7.18% |
| EPS 2 | 469.8 | 440.3 | 580.7 | 621.2 | 736.9 | 875.9 | 957.1 | 1,021 |
| Free Cash Flow 1 | 130,601 | -21,778 | 83,714 | -232,678 | 441,122 | 174,573 | 86,815 | 204,565 |
| FCF margin | 6.01% | -1.03% | 3.09% | -6.88% | 11.51% | 4.37% | 2.08% | 4.67% |
| FCF Conversion (EBITDA) | 38.81% | - | 21.87% | - | 90.89% | 36.3% | 17.22% | 38.09% |
| FCF Conversion (Net income) | 89.53% | - | 46.43% | - | 192.82% | 64.12% | 29.28% | 65.01% |
| Dividend per Share 2 | 160.0 | 150.0 | 170.0 | 190.0 | 240.0 | 281.0 | 297.3 | 315.0 |
| Announcement Date | 4/30/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,068,404 | 957,007 | 1,260,842 | 707,107 | 737,234 | 759,631 | 842,865 | 1,602,496 | 865,069 | 912,326 | 889,455 | 947,968 | 1,837,423 | 990,144 | 1,005,638 | 1,995,782 | 972,660 | 979,726 | 1,029,962 | 1,094,346 | 1,002,778 |
| EBITDA | - | - | - | 56,602 | 78,260 | - | - | - | - | 97,412 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 56,651 | 30,201 | 94,367 | 41,925 | 22,774 | 43,611 | 48,399 | 92,010 | 46,678 | 31,216 | 52,509 | 69,543 | 122,052 | 78,859 | -507 | 78,352 | 58,230 | 54,240 | 68,110 | 87,043 | 78,953 |
| Operating Margin | 5.3% | 3.16% | 7.48% | 5.93% | 3.09% | 5.74% | 5.74% | 5.74% | 5.4% | 3.42% | 5.9% | 7.34% | 6.64% | 7.96% | -0.05% | 3.93% | 5.99% | 5.54% | 6.61% | 7.95% | 7.87% |
| Earnings before Tax (EBT) 1 | 88,229 | 65,212 | 137,801 | 81,709 | 26,613 | 91,711 | 53,247 | 144,958 | 85,125 | 32,884 | 111,609 | 68,923 | 180,532 | 121,727 | 6,931 | 128,658 | 132,369 | 59,900 | 126,166 | 78,857 | 144,236 |
| Net income 1 | 63,597 | 48,108 | 103,386 | 59,398 | 17,522 | 71,623 | 35,265 | 106,888 | 62,340 | 23,633 | 86,978 | 51,830 | 138,808 | 91,993 | -2,023 | 89,970 | 97,148 | 43,094 | 94,688 | 56,927 | 110,201 |
| Net margin | 5.95% | 5.03% | 8.2% | 8.4% | 2.38% | 9.43% | 4.18% | 6.67% | 7.21% | 2.59% | 9.78% | 5.47% | 7.55% | 9.29% | -0.2% | 4.51% | 9.99% | 4.4% | 9.19% | 5.2% | 10.99% |
| EPS 2 | - | 155.0 | 333.0 | 191.3 | 56.43 | 230.7 | 113.6 | 344.3 | 200.8 | 76.11 | 280.1 | 166.9 | 447.1 | 296.3 | -6.510 | - | 291.0 | 149.8 | 281.3 | 236.9 | 354.9 |
| Dividend per Share 2 | - | 70.00 | 80.00 | - | 90.00 | - | 90.00 | 90.00 | - | 100.0 | - | 100.0 | 100.0 | - | 140.0 | - | - | 135.0 | - | 135.0 | - |
| Announcement Date | 4/30/20 | 10/29/20 | 10/29/21 | 2/2/22 | 4/28/22 | 7/29/22 | 10/28/22 | 10/28/22 | 2/3/23 | 4/27/23 | 7/28/23 | 10/31/23 | 10/31/23 | 2/2/24 | 4/26/24 | 4/26/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 981,626 | 1,107,114 | 1,143,430 | 1,496,408 | 1,209,416 | 1,129,981 | 1,089,647 | 1,064,604 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.917 x | 3.375 x | 2.987 x | 3.499 x | 2.492 x | 2.349 x | 2.161 x | 1.982 x |
| Free Cash Flow 1 | 130,601 | -21,778 | 83,714 | -232,678 | 441,122 | 174,573 | 86,815 | 204,565 |
| ROE (net income / shareholders' equity) | 5.9% | 4.8% | 5% | 5% | 4.6% | 4.91% | 5.31% | 5.53% |
| ROA (Net income/ Total Assets) | 3.72% | 3.12% | 3.48% | 3.4% | 3.27% | 2.79% | 2.93% | 2.88% |
| Assets 1 | 3,916,962 | 4,376,977 | 5,176,120 | 5,664,918 | 6,992,185 | 9,773,178 | 10,134,768 | 10,938,023 |
| Book Value Per Share 2 | 7,855 | 10,423 | 12,653 | 12,360 | 19,472 | 18,436 | 18,995 | 19,549 |
| Cash Flow per Share 2 | 1,141 | 1,116 | 1,301 | 1,451 | 1,655 | 1,452 | 1,389 | 1,731 |
| Capex 1 | 216,002 | 222,360 | 237,371 | 289,974 | 348,926 | 304,217 | 247,937 | 236,848 |
| Capex / Sales | 9.95% | 10.5% | 8.77% | 8.58% | 9.1% | 7.61% | 5.94% | 5.4% |
| Announcement Date | 4/30/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/26/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
13,565
JPY
Average target price
15,292
JPY
Spread / Average Target
+12.73%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.42% | 53.96B | |
| +9.26% | 31.76B | |
| +26.65% | 27.29B | |
| +4.60% | 23.45B | |
| +7.96% | 22.61B | |
| -16.83% | 12.74B | |
| +21.26% | 12.31B | |
| +7.79% | 8.76B | |
| +33.24% | 8.52B |
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