IHI Corporation, together with its subsidiaries, manufactures and sells machinery and equipment in Japan, the Americas, Europe, the Asia Pacific, and internationally.
Fair value with moderate growth potential.
Share Price & News
How has IHI's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IHIC.Y has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how IHIC.Y performed against the US Machinery industry.
Return vs Market: Insufficient data to determine how IHIC.Y performed against the US Market.
Price Volatility Vs. Market
How volatile is IHI's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is IHI undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IHIC.Y ($6.3) is trading below our estimate of fair value ($9.35)
Significantly Below Fair Value: IHIC.Y is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IHIC.Y is poor value based on its PE Ratio (42.7x) compared to the Machinery industry average (14.5x).
PE vs Market: IHIC.Y is poor value based on its PE Ratio (42.7x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: IHIC.Y is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: IHIC.Y is good value based on its PB Ratio (0.5x) compared to the US Machinery industry average (1.4x).
How is IHI forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IHIC.Y's forecast earnings growth (25% per year) is above the savings rate (1.7%).
Earnings vs Market: IHIC.Y's earnings (25% per year) are forecast to grow faster than the US market (13.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IHIC.Y's revenue (1.1% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: IHIC.Y's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IHIC.Y's Return on Equity is forecast to be low in 3 years time (8.9%).
How has IHI performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IHIC.Y has high quality earnings.
Growing Profit Margin: IHIC.Y's current net profit margins (0.3%) are lower than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: IHIC.Y's earnings have grown significantly by 31.5% per year over the past 5 years.
Accelerating Growth: IHIC.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IHIC.Y had negative earnings growth (-87.9%) over the past year, making it difficult to compare to the Machinery industry average (-2%).
Return on Equity
High ROE: IHIC.Y's Return on Equity (2.6%) is considered low.
How is IHI's financial position?
Financial Position Analysis
Short Term Liabilities: IHIC.Y's short term assets (¥1,020.6B) exceed its short term liabilities (¥863.0B).
Long Term Liabilities: IHIC.Y's short term assets (¥1,020.6B) exceed its long term liabilities (¥485.2B).
Debt to Equity History and Analysis
Debt Level: IHIC.Y's debt to equity ratio (122.2%) is considered high.
Reducing Debt: IHIC.Y's debt to equity ratio has increased from 113.5% to 122.2% over the past 5 years.
Debt Coverage: IHIC.Y's debt is not well covered by operating cash flow (3.7%).
Interest Coverage: IHIC.Y's interest payments on its debt are well covered by EBIT (25x coverage).
Inventory Level: IHIC.Y has a high level of physical assets or inventory.
Debt Coverage by Assets: IHIC.Y's debt is covered by short term assets (assets are 2.4x debt).
What is IHI's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IHIC.Y's dividend (6.35%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: IHIC.Y's dividend (6.35%) is in the top 25% of dividend payers in the US market (5.82%)
Stability and Growth of Payments
Stable Dividend: IHIC.Y's dividend payments have been volatile in the past 10 years.
Growing Dividend: IHIC.Y's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (271.5%), IHIC.Y's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Tsugio Mitsuoka (65yo)
Mr. Tsugio Mitsuoka has been the President at IHI Corporation since April 01, 2016 and has been its Chief Executive Officer and also served as its Chief Operating Officer since April 2017. Mr. Mitsuoka ser ...
|Chairman & CEO||no data||no data||0.0054% ¥82.2k|
|EVP, Senior Executive Officer and President of Aero Engine||3.83yrs||no data||0.0026% ¥38.6k|
|Managing Executive Officer & Director||no data||no data||0.0024% ¥35.6k|
|Senior Executive Officer||2.83yrs||no data||0.0010% ¥15.2k|
|Managing Executive Officer & Director||no data||no data||no data|
|Outside Director||3.83yrs||no data||0.0014% ¥20.4k|
|Director||5.83yrs||no data||0.0034% ¥50.7k|
|Director||no data||no data||0.0018% ¥26.4k|
|Outside Director||4.83yrs||no data||no data|
Experienced Board: IHIC.Y's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IHI Corporation's company bio, employee growth, exchange listings and data sources
- Name: IHI Corporation
- Ticker: IHIC.Y
- Exchange: OTCPK
- Founded: 1853
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: JP¥163.755b
- Listing Market Cap: JP¥1.509b
- Shares outstanding: 148.60m
- Website: https://www.ihi.co.jp
Number of Employees
- IHI Corporation
- Toyosu IHI Building
- 1-1, Toyosu 3-chome
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|7013||TSE (The Tokyo Stock Exchange)||Yes||Common Stock||JP||JPY||Jan 1992|
|IHIC.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jan 1992|
|IWJ||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1992|
|IHIC.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Jan 2013|
IHI Corporation, together with its subsidiaries, manufactures and sells machinery and equipment in Japan, the Americas, Europe, the Asia Pacific, and internationally. It offers boilers, environment responsive systems, components for nuclear power plants, and facilities for nuclear fuel cycle plants, as well as gas turbine/diesel engines/gas engines. The company also provides LNG receiving terminals and storage tanks; equipment for plants; and engineering, procurement, construction, and start-up services for process and pharmaceutical plants. In addition, it offers bridges, water gates, and steel structures; shield tunneling machines, concrete construction materials, and transportation systems; and security and environmental monitoring systems, as well as constructs and refurbishes offshore structures. Further, the company provides air and process gas compressors, separators, and cryogenic products; lubricating systems; turbochargers for vehicles and ships; parking and logistics systems; materials handling systems; steelmaking equipment, such as industrial furnaces and stepping cylinders; heat and surface treatment equipment, factory automation systems, slitters, rubber and film calender lines, pulp and paper machinery, and grid scale energy storage systems; and agricultural machines, motors, and lawn mowers. Additionally, it offers aero engines and air traffic control systems; and rockets, rocket and satellite propulsion systems, systems for satellites, space station-related equipment, ground test facilities, sample containers, etc., as well as engages in real estate rental and sales business. The company was formerly known as Ishikawajima-Harima Heavy Industries Co., Ltd. and changed its name to IHI Corporation in 2007. IHI Corporation was founded in 1853 and is headquartered in Tokyo, Japan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 05:05|
|End of Day Share Price||2020/01/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.