Hino Motors

Hino's Cash & Cash Equivalents remain unchanged yoy at JPY bil in 2Q2020

By Helgi Analytics - October 12, 2020

Hino Motors's total assets reached JPY 1,240 bil at the end of 2Q2020, down 4.8% compared to the previous year. Cu...

Hino's Sales fell 32.7% yoy to JPY 300 bil in 2Q2020

By Helgi Analytics - September 27, 2020

Hino Motors generated sales of JPY 300 bil in 2Q2020, down 32.7% compared to the previous year. Historically, between 2...

Hino's net profit fell 91.0% yoy to JPY 1.53 bil in 1Q2020

By Helgi Analytics - September 27, 2020

Hino Motors made a net profit of JPY 1.53 bil with revenues of JPY 441 bil in 1Q2020, down by 91% and down by 15.4%, ...

Profit Statement 2017 2018 2019
Sales JPY bil 1,801 1,970 1,896
Gross Profit JPY bil 293 304 287
EBITDA JPY bil 140 140 130
EBIT JPY bil 82.0 82.1 71.9
Financing Cost JPY bil 4.78 5.33 6.83
Pre-Tax Profit JPY bil 83.4 75.6 68.8
Net Profit JPY bil 53.5 50.0 47.0
Dividends JPY bil 16.1 16.6 13.8
Balance Sheet 2017 2018 2019
Total Assets JPY bil 1,249 1,284 1,286
Non-Current Assets JPY bil 585 593 625
Current Assets JPY bil 663 691 661
Working Capital JPY bil 265 306 315
Shareholders' Equity JPY bil 552 570 618
Liabilities JPY bil 696 714 668
Total Debt JPY bil 189 221 224
Net Debt JPY bil 141 178 188
Ratios 2017 2018 2019
ROE % 10.2 8.91 7.91
ROCE % 6.43 5.72 5.11
Gross Margin % 16.3 15.4 15.2
EBITDA Margin % 7.76 7.13 6.87
EBIT Margin % 4.56 4.17 3.79
Net Margin % 2.97 2.54 2.48
Net Debt/EBITDA 1.01 1.27 1.44
Net Debt/Equity % 25.6 31.3 30.3
Cost of Financing % 2.52 2.60 3.07
Valuation 2017 2018 2019
Market Capitalisation USD mil 6,942 7,396 4,829
Enterprise Value (EV) USD mil 6,942 7,396 4,829
Number Of Shares mil 574 574 574
Share Price JPY 1,253 1,299 909
EV/EBITDA 5.70 5.89 4.08
EV/Sales 0.443 0.420 0.280
Price/Earnings (P/E) 14.5 14.5 9.50
Price/Book Value (P/BV) 1.30 1.31 0.844
Dividend Yield % 2.08 2.16 3.19

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overview Unit 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                  
Sales JPY bil                                     1,690 1,667 1,772 1,650 1,801    
Gross Profit JPY bil                                     289 286 306 263 293    
EBIT JPY bil                                     112 102 106 67.5 82.0    
Net Profit JPY bil                                     77.0 83.0 77.1 44.5 53.5    
                                                     
ROE %                                     25.0 21.1 16.7 9.01 10.2    
EBIT Margin %                                     6.65 6.09 6.01 4.09 4.56    
Net Margin %                                     4.56 4.98 4.35 2.70 2.97    
Employees ... ... ... ...                             28,998 29,864 31,020 32,111 32,719    
balance sheet                                                  
Total Assets JPY bil                                     968 1,094 1,115 1,151 1,249    
Non-Current Assets JPY bil                                     436 497 521 564 585    
Current Assets JPY bil                                     531 597 594 586 663    
                                                     
Shareholders' Equity JPY bil                                     354 434 492 496 552    
Liabilities JPY bil                                     614 660 623 655 696    
Non-Current Liabilities JPY bil                                     128 132 123 127 117    
Current Liabilities JPY bil                                     485 527 499 528 579    
                                                     
Net Debt/EBITDA ... ... ... ... ...                           0.755 1.01 0.830 1.33 1.01    
Net Debt/Equity %                                     33.8 33.5 26.1 31.4 25.6    
Cost of Financing %                                     2.79 3.59 3.98 2.80 2.52    
cash flow                                                  
Total Cash From Operations JPY bil ... ... ... ... ...                           132 83.8 110 86.9 79.7    
Total Cash From Investing JPY bil ... ... ... ... ...                           -57.8 -74.6 -82.9 -96.8 -65.7    
Total Cash From Financing JPY bil ... ... ... ... ...                           -55.9 -24.4 -24.0 11.5 -2.47    
Net Change In Cash JPY bil ... ... ... ... ...                           19.8 -13.5 1.42 -3.70 11.2    
valuation                                                  
Market Capitalisation USD mil                                     6,126 8,505 8,195 6,203 6,942    
Enterprise Value (EV) USD mil                                     6,126 8,505 8,195 6,203 6,942    
Number Of Shares mil                                     572 573 574 574 574    
Share Price JPY                                     849 1,320 1,516 1,108 1,253    
Price/Earnings (P/E)                                     10.2 8.50 11.7 9.76 14.5    
Price/Cash Earnings (P/CE) ... ... ... ... ...                           3.94 5.99 6.92 6.76 6.46    
EV/EBITDA ... ... ... ... ...                           3.78 6.60 6.36 6.29 5.70    
Price/Book Value (P/BV)                                     1.37 1.74 1.77 1.28 1.30    
Dividend Yield %                                     2.71 2.88 2.64 3.43 2.08    
income statement Unit 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                  
Sales JPY bil                                     1,690 1,667 1,772 1,650 1,801    
Cost of Goods & Services JPY bil                                     1,401 1,380 1,466 1,388 1,508    
Gross Profit JPY bil                                     289 286 306 263 293    
Selling, General & Admin JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ...         132 137 142 131 149    
Research & Development JPY bil ... ... ... ... ...                           44.2 47.9 57.6 63.8 61.8    
Other Operating Expense JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ...         0.007 0.005 0.007 0.005 0.934    
Staff Cost JPY bil ... ... ... ... ... ... ... ... ... ... ...               46.5 49.5 52.6 56.6 58.3    
Other Operating Cost (Income) JPY bil ... ... ... ... ... ... ... ...                     0 0 0 0 0    
EBITDA JPY bil ... ... ... ... ...                           159 145 155 117 140    
Depreciation JPY bil ... ... ... ... ...                           46.2 43.4 48.5 49.5 57.8    
EBIT JPY bil                                     112 102 106 67.5 82.0    
Net Financing Cost JPY bil ... ... ... ... ... ... ... ... ... ... ...               3.67 4.77 5.82 3.81 2.98    
Financing Cost JPY bil                                     4.78 6.12 6.97 5.00 4.78    
Financing Income JPY bil ... ... ... ... ...                           1.11 1.36 1.15 1.19 1.80    
FX (Gain) Loss JPY bil ... ... ... ... ... ... ...     ... ...               1.99 -2.99 4.30 1.95 1.22    
(Income) / Loss from Affiliates JPY bil                                     -0.901 -0.271 -0.691 -2.28 -1.27    
Extraordinary Cost JPY bil                                     -5.48 -9.11 0.111 -8.12 -6.18    
Pre-Tax Profit JPY bil                                     113 105 99.4 70.6 83.4    
Tax JPY bil                                     26.7 15.8 19.2 21.4 24.3    
Minorities JPY bil                                     9.41 5.76 3.01 4.71 5.71    
Net Profit JPY bil                                     77.0 83.0 77.1 44.5 53.5    
Net Profit Avail. to Common JPY bil                                     77.0 83.0 77.1 44.5 53.5    
Dividends JPY bil                                     20.3 22.3 22.9 15.8 16.1    
growth rates                                                  
Total Revenue Growth % ...                                   10.4 -1.35 6.30 -6.87 9.15    
Operating Cost Growth % ...                                   14.1 4.63 8.05 -2.32 8.27    
Staff Cost Growth % ... ... ... ... ... ... ... ... ... ... ... ...             5.74 6.47 6.26 7.63 2.97    
EBITDA Growth % ... ... ... ... ... ...                         46.1 -8.62 6.90 -24.5 19.4    
EBIT Growth % ...                                   83.9 -9.65 4.81 -36.6 21.6    
Pre-Tax Profit Growth % ...                                   134 -7.56 -4.95 -28.9 18.2    
Net Profit Growth % ...                                   85.8 7.76 -7.05 -42.3 20.1    
ratios                                                  
ROE %                                     25.0 21.1 16.7 9.01 10.2    
ROA %                                     8.56 8.05 6.98 3.93 4.46    
ROCE %                                     12.9 11.9 10.2 5.62 6.43    
Gross Margin %                                     17.1 17.2 17.3 15.9 16.3    
EBITDA Margin % ... ... ... ... ...                           9.39 8.69 8.74 7.09 7.76    
EBIT Margin %                                     6.65 6.09 6.01 4.09 4.56    
Net Margin %                                     4.56 4.98 4.35 2.70 2.97    
Payout Ratio %                                     26.4 26.9 29.7 35.5 30.1    
Cost of Financing %                                     2.79 3.59 3.98 2.80 2.52    
Net Debt/EBITDA ... ... ... ... ...                           0.755 1.01 0.830 1.33 1.01    
balance sheet Unit 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                  
Cash & Cash Equivalents JPY bil                                     39.0 36.9 38.5 34.8 47.5    
Receivables JPY bil                                     259 278 283 266 292    
Inventories JPY bil                                     177 219 207 220 245    
Other ST Assets JPY bil                                     80.8 91.3 94.3 93.1 78.0    
Current Assets JPY bil                                     531 597 594 586 663    
Property, Plant & Equipment JPY bil                                     307 345 362 414 422    
LT Investments & Receivables JPY bil                                     105 121 125 114 128    
Intangible Assets JPY bil ...                                   16.8 17.6 20.1 19.7 19.1    
Goodwill JPY bil ... ... ... ... ... ... ... ... ... ...     ...           0 0 0 0 0    
Non-Current Assets JPY bil                                     436 497 521 564 585    
Total Assets JPY bil                                     968 1,094 1,115 1,151 1,249    
                                                     
Trade Payables JPY bil                                     229 248 240 238 272    
Short-Term Debt JPY bil                                     137 160 141 169 177    
Other ST Liabilities JPY bil                                     97.4 108 115 118 121    
Current Liabilities JPY bil                                     485 527 499 528 579    
Long-Term Debt JPY bil                                     21.7 23.1 26.2 21.5 12.0    
Other LT Liabilities JPY bil                                     120 128 114 121 115    
Non-Current Liabilities JPY bil                                     128 132 123 127 117    
Liabilities JPY bil                                     614 660 623 655 696    
Preferred Equity and Hybrid Capital JPY bil ... ... ... ... ... ... ... ...                     0 0 0 0 0    
Share Capital JPY bil                                     138 138 139 139 139    
Treasury Stock JPY bil                                     0.874 0.653 0.505 0.392 0.307    
Equity Before Minority Interest JPY bil                                     316 389 446 450 502    
Minority Interest JPY bil                                     37.6 45.5 46.1 45.9 49.9    
Equity JPY bil                                     354 434 492 496 552    
growth rates                                                  
Total Asset Growth %                                     16.3 13.1 1.92 3.18 8.51    
Shareholders' Equity Growth %                                     34.9 22.8 13.3 0.718 11.4    
Net Debt Growth %                                     -23.6 21.7 -11.7 21.2 -9.31    
Total Debt Growth %                                     -13.6 15.1 -8.48 14.1 -0.951    
ratios                                                  
Total Debt JPY bil                                     159 183 167 191 189    
Net Debt JPY bil                                     120 146 129 156 141    
Working Capital JPY bil                                     207 249 249 248 265    
Capital Employed JPY bil                                     643 747 771 812 851    
Net Debt/Equity %                                     33.8 33.5 26.1 31.4 25.6    
Current Ratio                                     1.09 1.13 1.19 1.11 1.14    
Quick Ratio                                     0.613 0.597 0.643 0.569 0.586    
cash flow Unit 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                                  
Net Profit JPY bil                                     77.0 83.0 77.1 44.5 53.5    
Depreciation JPY bil ... ... ... ... ...                           46.2 43.4 48.5 49.5 57.8    
Non-Cash Items JPY bil ... ... ... ... ...                           12.9 -13.9 -7.00 -0.300 1.43    
Change in Working Capital JPY bil ... ... ... ... ...                           -4.98 -24.3 -3.22 -12.9 -29.2    
Total Cash From Operations JPY bil ... ... ... ... ...                           132 83.8 110 86.9 79.7    
                                                     
Capital Expenditures JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -56.7 -74.3 -80.1 -97.4 -68.3    
Net Change in LT Investment JPY bil ... ... ... ... ...                           -0.707 -0.058 0.592 1.40 2.53    
Net Cash From Acquisitions JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ...         -0.067 -0.985 -2.89 0 -0.160    
Other Investing Activities JPY bil ... ... ... ... ...                           -0.352 0.666 -0.477 -0.811 0.145    
Total Cash From Investing JPY bil ... ... ... ... ...                           -57.8 -74.6 -82.9 -96.8 -65.7    
                                                     
Dividends Paid JPY bil ... ... ... ... ...                           -16.0 -21.8 -23.5 -19.2 -15.5    
Issuance Of Shares JPY bil ... ... ... ... ...                           -0.012 0 0 0 0    
Issuance Of Debt JPY bil ... ... ... ... ...                           -38.7 -0.897 0.810 32.0 16.8    
Other Financing Activities JPY bil ... ... ... ... ...                           -1.22 -1.79 -1.27 -1.29 -3.79    
Total Cash From Financing JPY bil ... ... ... ... ...                           -55.9 -24.4 -24.0 11.5 -2.47    
                                                     
Effect of FX Rates JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ...         1.10 1.69 -1.73 -5.30 -0.298    
Net Change In Cash JPY bil ... ... ... ... ...                           19.8 -13.5 1.42 -3.70 11.2    
ratios                                                  
Days Sales Outstanding days                                     55.9 60.9 58.2 58.8 59.2    
Days Sales Of Inventory days                                     46.1 57.9 51.6 57.9 59.4    
Days Payable Outstanding days                                     59.6 65.5 59.8 62.6 65.9    
Cash Conversion Cycle days                                     42.4 53.3 50.0 54.1 52.7    
Cash Earnings JPY bil ... ... ... ... ...                           123 126 126 94.0 111    
Free Cash Flow JPY bil ... ... ... ... ...                           74.6 9.21 27.1 -9.91 14.0    
Capital Expenditures (As % of Sales) % ... ... ... ... ...                           3.36 4.45 4.52 5.91 3.79    
other ratios Unit 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                   
Employees ... ... ... ...                             28,998 29,864 31,020 32,111 32,719    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ...               1,366 1,227 1,175 1,238 1,292    
Cost Per Employee (Local Currency) JPY per month ... ... ... ... ... ... ... ... ... ... ...               133,567 138,079 141,250 146,863 148,413    
Operating Cost (As % of Sales) %                                     10.5 11.1 11.3 11.8 11.7    
Research & Development (As % of Sales) % ... ... ... ... ...                           2.62 2.87 3.25 3.87 3.43    
Staff Cost (As % of Sales) % ... ... ... ... ... ... ... ... ... ... ...               2.75 2.97 2.97 3.43 3.24    
Effective Tax Rate %                                     23.6 15.1 19.3 30.3 29.1    
Total Revenue Growth (5-year average) % ... ... ... ... ...                           6.24 14.3 6.79 6.37 3.30    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...                 5.31 4.13 4.19 2.63 2.84    
valuation Unit 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                   
Market Capitalisation USD mil                                     6,126 8,505 8,195 6,203 6,942    
Enterprise Value (EV) USD mil                                     6,126 8,505 8,195 6,203 6,942    
Number Of Shares mil                                     572 573 574 574 574    
Share Price JPY                                     849 1,320 1,516 1,108 1,253    
EV/EBITDA ... ... ... ... ...                           3.78 6.60 6.36 6.29 5.70    
Price/Earnings (P/E)                                     10.2 8.50 11.7 9.76 14.5    
Price/Cash Earnings (P/CE) ... ... ... ... ...                           3.94 5.99 6.92 6.76 6.46    
P/FCF ... ... ... ... ...                           6.50 82.2 32.1 -64.2 51.3    
Price/Book Value (P/BV)                                     1.37 1.74 1.77 1.28 1.30    
Dividend Yield %                                     2.71 2.88 2.64 3.43 2.08    
Free Cash Flow Yield % ... ... ... ... ...                           < 0.001 < 0.001 < 0.001 < -0.001 < 0.001    
Earnings Per Share (EPS) JPY                                     83.4 155 130 114 86.1    
Cash Earnings Per Share JPY ... ... ... ... ...                           216 220 219 164 194    
Free Cash Flow Per Share JPY ... ... ... ... ...                           130 16.1 47.3 -17.3 24.4    
Book Value Per Share JPY                                     619 758 858 864 962    
Dividend Per Share JPY                                     23.0 38.0 40.0 38.0 26.0    
EV/Sales                                     0.355 0.574 0.556 0.446 0.443    
EV/EBIT                                     5.33 9.43 9.25 10.9 9.72    
EV/Free Cash Flow ... ... ... ... ...                           8.03 104 36.3 -74.3 57.0    
EV/Capital Employed                                     1.00 1.37 1.28 0.892 0.921    
Earnings Per Share Growth % ...                                   192 86.3 -16.4 -12.6 -24.1    
Cash Earnings Per Share Growth % ... ... ... ... ... ...                         38.3 2.23 -0.627 -25.2 18.3    
Book Value Per Share Growth % ...                                   34.6 22.4 13.2 0.699 11.4    
sales of vehicles Unit 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                   
Price Per Vehicle Sold JPY ... ... ... ... ... ...                         4,725,900 3,002,740 5,459,060 5,307,360 5,442,840    
EBIT Per Vehicle Sold JPY ... ... ... ... ... ...                         314,343 182,926 327,917 217,072 247,924    
Net Profit Per Vehicle Sold JPY ... ... ... ... ... ...                         215,429 149,518 237,689 143,098 161,527    
Price Per Vehicle Sold (USD) USD ... ... ... ... ... ...                         48,330 26,679 45,428 44,731 47,391    
EBIT Per Vehicle Sold (USD) USD ... ... ... ... ... ...                         3,215 1,625 2,729 1,830 2,159    
Net Profit Per Vehicle Sold (USD) USD ... ... ... ... ... ...                         2,203 1,328 1,978 1,206 1,406    
Market Value per Vehicle Sold (USD) USD ... ... ... ... ... ...                         17,133 15,321 25,249 19,951 20,979    
Production of Vehicles vehicles ... ... ... ... ... ...                         357,533 555,122 324,579 310,906 330,916    
Production of Vehicles (At Home) vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     316,084 ... ... ... ... ... ...
Domestic Production (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     88.4 ... ... ... ... ... ...
Sales of Vehicles vehicles ... ... ... ... ... ...                         357,533 555,122 324,579 310,906 330,916    
Sales of Vehicles Abroad vehicles ... ... ... ... ... ... ... ... ... ... ... ... ...           308,217 497,008 262,734 247,402 262,537    
Sales of Vehicles Abroad (As % of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ...           86.2 89.5 80.9 79.6 79.3    
sales geography Unit 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                   
Sales of Vehicles in North America vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Sales of Vehicles in Europe vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Sales of Vehicles in Asia Pacific vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Sales of Vehicles in Latin America vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Sales of Vehicles in Africa/Middle East vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ...
Sales of Vehicles in the USA vehicles ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...
Sales of Vehicles in Japan vehicles ... ... ... ... ... ... ... ... ... ... ... ... ...           49,316 58,114 61,845 63,504 68,379 ...  

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Hino's Total Cash From Operations rose 9.79% yoy to JPY 14.2 bil in 1Q2020

By Helgi Analytics - September 27, 2020

Hino Motors's operating cash flow stood at JPY 14.2 bil in 1Q2020, up 9.79% when compared to the previous year. Historically, between 2Q1999 - 1Q2020, the firm’s operating cash flow reached a high of JPY 43.1 bil in 1Q2010 and a low of JPY -32.0 bil ...

Hino's employees rose 1.41% yoy to 34,548 in 2019

By Helgi Analytics - September 27, 2020

Hino Motors employed 34,548 employees in 2019, up 1.41% compared to the previous year. Historically, between 1999 and 2019, the firm's workforce hit a high of 34,548 employees in 2019 and a low of 20,560 employees in 2003. Average personnel cost stoo...

Hino's net profit fell 6.09% yoy to JPY 47.0 bil in 2019

By Helgi Analytics - September 27, 2020

Hino Motors made a net profit of JPY 47.0 bil with revenues of JPY 1,896 bil in 2019, down by 6.09% and down by 3.74%, respectively, compared to the previous year. This translates into a net margin of 2.48%. Historically, between 1995 - 2019, the...

Hino's price/earnings (P/E) fell 34.6% yoy to 9.50 in 2019

By Helgi Analytics - September 27, 2020

Hino Motors stock traded at JPY 909 per share at the end 2019 translating into a market capitalization of USD 4,829 mil. Since the end of 2014, stock has depreciated by 31.2% representing an annual average growth of -7.20%. In absolute terms, the value ...

Hino's Net Debt/EBITDA rose 13.5% yoy to 1.44 in 2019

By Helgi Analytics - September 27, 2020

Hino Motors's net debt stood at JPY 188 bil and accounted for 30.3% of equity at the end of 2019. The ratio is down 0.919 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 443% in 2000 and a low of ...

Hino's ROCE fell 10.6% yoy to 5.11% in 2019

By Helgi Analytics - September 27, 2020

Hino Motors made a net profit of JPY 47.0 bil in 2019, down 6.09% compared to the previous year. Historically, between 1995 and 2019, the company's net profit reached a high of JPY 83.0 bil in 2014 and a low of JPY -71.2 bil in 2009. The result implies a ...

Hino's Cash & Cash Equivalents fell 13.3% yoy to JPY 36.9 bil in 2019

By Helgi Analytics - September 27, 2020

Hino Motors's total assets reached JPY 1,286 bil at the end of 2019, up 0.173% compared to the previous year. Current assets amounted to JPY 661 bil, or 51.4% of total assets while cash stood at JPY 36.9 bil at the end of 2019. ...

Hino's Total Cash From Operations rose 57.5% yoy to JPY 94.0 bil in 2019

By Helgi Analytics - September 27, 2020

Hino Motors's operating cash flow stood at JPY 94.0 bil in 2019, up 57.5% when compared to the previous year. Historically, between 2000 - 2019, the firm’s operating cash flow reached a high of JPY 132 bil in 2013 and a low of JPY 30.5 bil in 2000....

Hino's Share Price fell 30.1% yoy to JPY 909 in 2019

By Helgi Analytics - September 27, 2020

Hino Motors stock traded at JPY 909 per share at the end 2019 implying a market capitalization of USD 4,829 mil. Since the end of 2014, stock has appreciated by -31.2% implying an annual average growth of -7.20% In absolute terms, the value of the company ...

Hino's Net Margin fell 2.44% yoy to 2.48% in 2019

By Helgi Analytics - September 27, 2020

Hino Motors made a net profit of JPY 47.0 bil with revenues of JPY 1,896 bil in 2019, down by 6.09% and down by 3.74%, respectively, compared to the previous year. This translates into a net margin of 2.48%. Historically, between 1995 and 2019, the ...

More News

Hino Motors Ltd. is a Japan-based manufacturing company. The Company is based in Hino, Tokyo, Japan and is engaged in the manufacture and sale of trucks, buses and other automobiles, as well as the entrusted manufacture according to the order from Toyota Motor Corporation. Worldwide sales of Hino-brand trucks and buses total about 150,000 vehicles a year. The Hino Brand is almost 80 years old and is recognized globally as the 3rd largest truck manufacturer in the world. The company is No. 1 producer in Japan, has a strong market share in South East Asia and has been increasingly focusing on the US market when leveraging the experience and success of Toyota Motor Corporation there

Finance

Hino Motors has been growing its sales by 2.61% a year on average in the last 5 years. EBITDA has fallen on average by 2.1% a year during that time to total of JPY 130 bil in 2019, or 6.87% of sales. That’s compared to 7.52% average margin seen in last five years.

The company netted JPY 47.0 bil in 2019 implying ROE of 7.91% and ROCE of 5.11%. Again, the average figures were 10.5% and 6.61%, respectively when looking at the previous 5 years.

Hino Motors’s net debt amounted to JPY 188 bil at the end of 2019, or 30.3% of equity. When compared to EBITDA, net debt was 1.44x, up when compared to average of 1.18x seen in the last 5 years.

Valuation

Hino Motors stock traded at JPY 909 per share at the end of 2019 resulting in a market capitalization of USD 4,829 mil. Over the previous five years, stock price fell by 31.2% or -7.20% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 4.08x and price to earnings (PE) of 9.50x as of 2019.