Mitsubishi Heavy Industries, Ltd.

DB:MIH Stock Report

Market Cap: €46.6b

Mitsubishi Heavy Industries Valuation

Is MIH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MIH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MIH (€13.55) is trading above our estimate of fair value (€12.52)

Significantly Below Fair Value: MIH is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIH?

Key metric: As MIH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MIH. This is calculated by dividing MIH's market cap by their current earnings.
What is MIH's PE Ratio?
PE Ratio31.6x
EarningsJP¥237.20b
Market CapJP¥7.45t

Price to Earnings Ratio vs Peers

How does MIH's PE Ratio compare to its peers?

The above table shows the PE ratio for MIH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.7x
RAA RATIONAL
42.5x6.9%€10.0b
G1A GEA Group
19.1x8.3%€7.7b
KRN Krones
14.9x16.2%€3.7b
GIL DMG MORI
22.2xn/a€3.5b
MIH Mitsubishi Heavy Industries
31.6x13.0%€7.4t

Price-To-Earnings vs Peers: MIH is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the peer average (24.6x).

Price to Earnings Ratio vs Industry

How does MIH's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
MIH 31.6xIndustry Avg. 14.9xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MIH is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the German Machinery industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is MIH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.6x
Fair PE Ratio25.7x

Price-To-Earnings vs Fair Ratio: MIH is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the estimated Fair Price-To-Earnings Ratio (25.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MIH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.55
€14.32
+5.7%
14.4%€17.46€11.85n/a16
Nov ’25€12.95
€13.18
+1.7%
14.1%€16.27€10.43n/a16
Oct ’25€14.55
€12.47
-14.3%
15.2%€14.84€7.11n/a15
Sep ’25€11.87
€11.80
-0.6%
16.2%€14.84€7.11n/a14
Aug ’25€10.27
€10.42
+1.5%
20.3%€14.21€6.81n/a13
Jul ’25€10.15
€9.59
-5.5%
15.5%€11.69€6.72n/a12
Jun ’25€8.00
€8.80
+10.1%
15.1%€11.13€6.74n/a12
May ’25€8.35
€8.79
+5.2%
18.2%€11.46€6.64n/a12
Apr ’25€8.78
€8.05
-8.3%
15.4%€10.44€6.45n/a11
Mar ’25€7.34
€7.15
-2.6%
13.9%€9.25€5.30n/a11
Feb ’25€6.18
€6.58
+6.5%
11.5%€7.78€5.23n/a11
Jan ’25€5.32
€6.61
+24.3%
11.4%€7.91€5.32n/a11
Dec ’24€5.16
€6.15
+19.2%
12.0%€7.42€4.83n/a11
Nov ’24€4.98
€6.15
+23.7%
10.2%€6.98€4.95€12.9510
Oct ’24€5.25
€6.15
+17.3%
10.2%€6.98€4.95€14.5510
Sep ’24€5.27
€5.31
+0.7%
11.2%€6.35€4.44€11.8710
Aug ’24€4.28
€4.53
+5.9%
11.8%€5.35€3.31€10.2710
Jul ’24€4.18
€4.53
+8.4%
11.5%€5.42€3.35€10.1510
Jun ’24€3.94
€4.32
+9.5%
15.7%€5.60€3.33€8.0010
May ’24€3.37
€3.97
+17.7%
10.6%€4.68€3.39€8.3510
Apr ’24€3.32
€4.00
+20.3%
12.4%€4.82€3.24€8.7810
Mar ’24€3.37
€4.00
+18.6%
12.4%€4.82€3.24€7.3410
Feb ’24€3.58
€4.01
+12.0%
13.4%€4.83€3.24€6.1810
Jan ’24€3.68
€4.01
+9.1%
13.4%€4.83€3.24€5.3210
Dec ’23€3.71
€4.05
+9.3%
13.5%€4.91€3.30€5.1610
Nov ’23€3.57
€3.79
+6.0%
18.3%€4.65€2.39€4.9810

Analyst Forecast: Target price is less than 20% higher than the current share price.

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