Financials IHI Corporation

Equities

7013

JP3134800006

Industrial Machinery & Equipment

Delayed Japan Exchange 20:04:20 2024-06-24 EDT 5-day change 1st Jan Change
4,173 JPY +2.25% Intraday chart for IHI Corporation +11.79% +52.16%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 410,181 187,531 333,396 446,185 502,219 617,686 - -
Enterprise Value (EV) 1 652,828 501,105 818,565 806,249 896,958 1,055,962 1,018,792 1,053,688
P/E ratio 10.3 x 15 x 25.5 x 6.71 x 9.64 x -9.09 x 8.39 x 7.58 x
Yield 2.63% 3.96% - 2.37% 2.71% 2.44% 2.68% 3.16%
Capitalization / Revenue 0.28 x 0.14 x 0.3 x 0.38 x 0.37 x 0.47 x 0.39 x 0.38 x
EV / Revenue 0.44 x 0.36 x 0.74 x 0.69 x 0.66 x 0.8 x 0.65 x 0.65 x
EV / EBITDA 5.21 x 4.61 x 7.84 x 4.87 x 5.59 x 186 x 5.43 x 5.22 x
EV / FCF -19.9 x -8.16 x -57 x 5.67 x 507 x 102 x -123 x 62.4 x
FCF Yield -5.04% -12.3% -1.75% 17.6% 0.2% 0.98% -0.82% 1.6%
Price to Book 1.17 x 0.57 x 0.93 x 1.17 x 1.16 x 1.65 x 1.43 x 1.29 x
Nbr of stocks (in thousands) 154,261 148,598 148,506 151,249 151,271 151,357 - -
Reference price 2 2,659 1,262 2,245 2,950 3,320 4,081 4,081 4,081
Announcement Date 19-05-08 20-05-19 21-05-13 22-05-10 23-05-09 24-05-08 - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,483,442 1,386,503 1,112,900 1,172,904 1,352,940 1,322,591 1,568,867 1,632,644
EBITDA 1 125,300 108,797 104,401 165,690 160,456 5,690 187,633 201,817
EBIT 1 82,400 60,797 27,900 81,497 89,522 -70,138 114,300 127,022
Operating Margin 5.55% 4.38% 2.51% 6.95% 6.62% -5.3% 7.29% 7.78%
Earnings before Tax (EBT) 1 69,400 38,779 27,600 87,637 72,402 -72,280 107,772 120,438
Net income 1 39,800 12,812 13,000 66,065 52,082 -68,214 68,160 81,815
Net margin 2.68% 0.92% 1.17% 5.63% 3.85% -5.16% 4.34% 5.01%
EPS 2 258.5 84.21 88.13 439.8 344.3 -450.8 486.3 538.3
Free Cash Flow 1 -32,878 -61,386 -14,356 142,081 1,769 10,400 -8,310 16,895
FCF margin -2.22% -4.43% -1.29% 12.11% 0.13% 0.79% -0.53% 1.03%
FCF Conversion (EBITDA) - - - 85.75% 1.1% 182.78% - 8.37%
FCF Conversion (Net income) - - - 215.06% 3.4% - - 20.65%
Dividend per Share 2 70.00 50.00 - 70.00 90.00 100.0 109.3 128.9
Announcement Date 19-05-08 20-05-19 21-05-13 22-05-10 23-05-09 24-05-08 - -
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 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 S1 2025 Q3 2025 Q4 2025 S2
Net sales 1 594,916 791,587 482,807 - 271,286 516,548 299,644 356,712 - 264,290 330,110 594,400 351,926 406,558 298,457 171,853 470,300 396,353 455,938 313,033 364,700 724,500 419,300 488,000 985,700
EBITDA - - - - - - - - - - - - - - - - - - - - - - - - -
EBIT 1 10,586 50,211 -6,107 - 6,117 26,376 19,139 35,982 - 7,553 25,947 33,500 31,411 24,585 8,929 -165,960 -157,000 53,244 33,618 15,333 28,200 71,200 33,433 42,533 -
Operating Margin 1.78% 6.34% -1.26% - 2.25% 5.11% 6.39% 10.09% - 2.86% 7.86% 5.64% 8.93% 6.05% 2.99% -96.57% -33.38% 13.43% 7.37% 4.9% 7.73% 9.83% 7.97% 8.72% -
Earnings before Tax (EBT) 1 3,656 35,123 -8,494 - 4,867 26,613 21,165 39,859 - 16,902 22,598 39,516 12,831 20,055 12,731 -163,731 -151,083 41,174 37,629 12,300 26,400 - 35,100 42,250 -
Net income 1 -4,870 17,682 -9,567 - 992 15,171 12,461 38,433 - 8,494 12,606 21,115 5,928 25,039 5,606 -143,106 -137,566 27,967 41,385 6,050 17,150 - 24,350 45,050 -
Net margin -0.82% 2.23% -1.98% - 0.37% 2.94% 4.16% 10.77% - 3.21% 3.82% 3.55% 1.68% 6.16% 1.88% -83.27% -29.25% 7.06% 9.08% 1.93% 4.7% - 5.81% 9.23% -
EPS -31.56 - -64.37 - 6.620 101.7 82.39 255.7 - 56.15 83.44 139.6 39.19 165.5 36.96 -946.2 -909.2 184.9 273.5 - - - - - -
Dividend per Share 30.00 - - - - 30.00 - - 40.00 - - 40.00 - - - - 50.00 - - - - - - - -
Announcement Date 19-11-01 20-05-19 20-11-10 21-05-13 21-11-09 21-11-09 22-02-08 22-05-10 22-05-10 22-08-09 22-11-08 22-11-08 23-02-07 23-05-09 23-08-08 23-11-07 23-11-07 24-02-09 24-05-08 - - - - - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 242,647 313,574 485,169 360,064 394,739 435,571 401,105 436,002
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.937 x 2.882 x 4.647 x 2.173 x 2.46 x 76.55 x 2.138 x 2.16 x
Free Cash Flow 1 -32,878 -61,386 -14,356 142,081 1,769 10,400 -8,310 16,895
ROE (net income / shareholders' equity) 11.8% 3.8% 0.85% 19.3% 11% -16.9% 19.4% 18.5%
ROA (Net income/ Total Assets) 4.21% 0.75% 0.17% 4.72% 3.78% -3.58% 3.76% 4.12%
Assets 1 945,144 1,702,591 1,705,882 1,399,356 1,377,248 1,906,260 1,813,089 1,987,970
Book Value Per Share 2 2,263 2,196 2,417 2,526 2,850 2,484 2,856 3,172
Cash Flow per Share 2 658.0 512.0 245.0 1,000 763.0 50.30 250.0 539.0
Capex 1 67,310 66,351 57,458 43,329 61,154 71,292 77,339 68,632
Capex / Sales 4.54% 4.79% 5.15% 3.69% 4.52% 5.39% 4.93% 4.2%
Announcement Date 19-05-08 20-05-19 21-05-13 22-05-10 23-05-09 24-05-08 - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
4,081 JPY
Average target price
4,150 JPY
Spread / Average Target
+1.69%
Consensus
  1. Stock Market
  2. Equities
  3. 7013 Stock
  4. Financials IHI Corporation