Projected Income Statement: Murata Manufacturing Co., Ltd.

Forecast Balance Sheet: Murata Manufacturing Co., Ltd.

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -340,074 -457,462 -342,253 -516,067 -622,711 -566,998 -664,567 -806,355
Change - -34.52% 25.18% -50.79% -20.66% 8.95% -17.21% -21.34%
Announcement Date 28/04/21 28/04/22 28/04/23 26/04/24 30/04/25 - - -
1JPY in Million
Estimates

Cash Flow Forecast: Murata Manufacturing Co., Ltd.

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 196,660 152,786 208,111 219,531 180,471 258,889 213,155 216,945
Change - -22.31% 36.21% 5.49% -17.79% 43.45% -17.67% 1.78%
Free Cash Flow (FCF) 1 176,911 209,158 118,428 270,106 271,434 148,815 187,016 255,547
Change - 18.23% -43.38% 128.08% 0.49% -45.17% 25.67% 36.64%
Announcement Date 28/04/21 28/04/22 28/04/23 26/04/24 30/04/25 - - -
1JPY in Million
Estimates

Forecast Financial Ratios: Murata Manufacturing Co., Ltd.

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 27.99% 31.98% 27.22% 23.86% 25.99% 25.64% 29.37% 30.75%
EBIT Margin (%) 19.21% 23.4% 17.66% 13.14% 16.04% 15.92% 19.57% 21.44%
EBT Margin (%) 19.41% 23.87% 18.67% 14.6% 17.46% 16.92% 20.33% 22.17%
Net margin (%) 14.54% 17.33% 15.04% 11.03% 13.41% 12.73% 15.37% 16.69%
FCF margin (%) 10.85% 11.54% 7.02% 16.47% 15.57% 8.32% 9.61% 11.97%
FCF / Net Income (%) 74.63% 66.58% 46.68% 149.36% 116.09% 65.34% 62.55% 71.73%

Profitability

        
ROA 13.43% 16.42% 11.08% 8.1% 10.04% 7.82% 9.43% 10.77%
ROE 13.1% 15% 10.9% 7.4% 9.1% 8.79% 10.71% 11.97%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 12.06% 8.43% 12.34% 13.38% 10.35% 14.47% 10.96% 10.16%
CAPEX / EBITDA (%) 43.1% 26.36% 45.32% 56.1% 39.84% 56.45% 37.3% 33.04%
CAPEX / FCF (%) 111.16% 73.05% 175.73% 81.28% 66.49% 173.97% 113.98% 84.89%

Items per share

        
Cash flow per share 1 198 244.7 218.8 188.1 217.8 216.6 240.1 267
Change - 23.56% -10.58% -14.04% 15.81% -0.56% 10.82% 11.23%
Dividend per Share 1 38.33 43.33 50 52 57 60 65.5 71.65
Change - 13.04% 15.38% 4% 9.62% 5.26% 9.17% 9.38%
Book Value Per Share 1 1,001 1,179 1,272 1,353 1,386 1,454 1,554 1,683
Change - 17.84% 7.84% 6.39% 2.42% 4.93% 6.88% 8.32%
EPS 1 123.5 163.6 133.8 95.72 125.1 123.8 162.8 195.1
Change - 32.51% -18.25% -28.45% 30.67% -1.02% 31.5% 19.87%
Nbr of stocks (in thousands) 1,919,449 1,919,497 1,889,171 1,889,234 1,862,364 1,820,296 1,820,296 1,820,296
Announcement Date 28/04/21 28/04/22 28/04/23 26/04/24 30/04/25 - - -
1JPY
Estimates
2026 *2027 *
P/E ratio 30.6x 23.2x
PBR 2.6x 2.43x
EV / Sales 3.53x 3.2x
Yield 1.59% 1.73%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
3,783.00JPY
Average target price
4,070.59JPY
Spread / Average Target
+7.60%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. 6981 Stock
  4. Financials Murata Manufacturing Co., Ltd.