Hino Motors

Hino's net profit rose 3.95% to JPY 51.4 bil in 2017

By Helgi Analytics - November 05, 2019

Hino Motors made a net profit of JPY 51.4 bil in 2017, up 3.95% when compared to the last year. Total sales reached JPY 1,838 bil, w...

Hino's price/earnings (P/E) rose 18.1% to 16.3 in 2017

By Helgi Analytics - November 05, 2019

Hino Motors stock traded at JPY 1,460 per share at the end 2017 translating into a market capitalization of USD 7,436 mil. Sin...

Hino's Share Price rose 22.7% to JPY 1,460 in 2017

By Helgi Analytics - November 05, 2019

Hino Motors stock traded at JPY 1,460 per share at the end 2017 implying a market capitalization of USD 7,436 mil. Since the en...

Profit Statement 2015 2016 2017
Sales JPY bil 1,746 1,684 1,838
Gross Profit JPY bil 295 273 296
EBITDA JPY bil 148 122 139
EBIT JPY bil 98.9 71.2 80.3
Financing Cost JPY bil 4.85 3.21 3.27
Pre-Tax Profit JPY bil 96.9 72.1 81.7
Net Profit JPY bil 65.1 49.4 51.4
Dividends JPY bil 14.9 16.6 16.1
Balance Sheet 2015 2016 2017
Total Assets JPY bil 1,120 1,192 1,295
Non-Current Assets JPY bil 543 574 583
Current Assets JPY bil 577 618 712
Working Capital JPY bil 218 235 266
Shareholders' Equity JPY bil 474 513 553
Liabilities JPY bil 646 679 742
Total Debt JPY bil 159 176 188
Net Debt JPY bil 124 144 143
Ratios 2015 2016 2017
ROE % 13.9 10.0 9.64
ROCE % 8.57 6.29 6.19
Gross Margin % 16.9 16.2 16.1
EBITDA Margin % 8.49 7.26 7.56
EBIT Margin % 5.67 4.23 4.37
Net Margin % 3.73 2.93 2.79
Net Debt/EBITDA 0.840 1.17 1.03
Net Debt/Equity % 26.3 28.0 25.8
Cost of Financing % 2.96 1.92 1.80
Valuation 2015 2016 2017
Market Capitalisation USD mil 6,709 5,843 7,436
Enterprise Value (EV) USD mil 7,742 7,072 8,702
Number Of Shares mil 574 574 574
Share Price JPY 1,409 1,190 1,460
EV/EBITDA 6.28 6.86 7.19
EV/Sales 0.533 0.498 0.543
Price/Earnings (P/E) 12.4 13.8 16.3
Price/Book Value (P/BV) 1.71 1.33 1.52
Dividend Yield % 1.85 2.44 1.92

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summary Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Sales JPY bil ... ... ...                   1,315 1,541 1,700 1,685 1,746    
Gross Profit JPY bil ... ... ...                   178 227 290 296 295    
EBIT JPY bil ... ... ...                   37.5 65.1 114 104 98.9    
Net Profit JPY bil ... ... ...                   16.3 47.7 89.1 74.5 65.1    
ROE % ... ... ...                   7.22 17.9 26.3 17.6 13.9    
EBIT Margin % ... ... ...                   2.85 4.22 6.69 6.14 5.67    
Net Margin % ... ... ...                   1.24 3.09 5.24 4.42 3.73    
Employees ...                 ... ... ... ... 27,705 ... 31,020 ... ...  
balance sheet                                      
Total Assets JPY bil ... ... ...                   845 903 1,009 1,124 1,120    
Non-Current Assets JPY bil ... ... ...                   390 411 459 526 543    
Current Assets JPY bil ... ... ...                   455 492 551 598 577    
Shareholders' Equity JPY bil ... ... ...                   235 299 380 465 474    
Liabilities JPY bil ... ... ...                   610 604 630 659 646    
Non-Current Liabilities JPY bil ... ... ...                   132 123 112 125 129    
Current Liabilities JPY bil ... ... ...                   478 482 517 534 517    
Net Debt/EBITDA ... ... ...                   1.89 1.06 0.733 0.896 0.840    
Net Debt/Equity % ... ... ...                   70.4 39.8 30.5 28.4 26.3    
Cost of Financing % ... ... ... ...                 -1.33 -1.57 2.99 0.939 2.96    
cash flow                                      
Total Cash From Operations JPY bil ... ... ...                   35.3 96.9 143 77.8 111    
Total Cash From Investing JPY bil ... ... ...                   -38.7 -54.5 -61.8 -75.0 -87.7    
Total Cash From Financing JPY bil ... ... ...                   -4.47 -42.4 -49.2 -24.7 -25.3    
Net Change In Cash JPY bil ... ... ...                   -7.91 0.025 32.0 -22.0 -1.61    
valuation                                      
Market Capitalisation USD mil ... ... ... ...                 3,458 5,102 9,000 7,674 6,709    
Number Of Shares mil ... ... ... ...                 570 572 573 574 574    
Share Price JPY ... ... ... ...                 467 773 1,652 1,603 1,409    
Earnings Per Share (EPS) JPY ... ... ... ...                 28.6 83.4 155 130 114    
Book Value Per Share JPY ... ... ... ...                 412 523 662 811 826    
Dividend Per Share JPY ... ... ... ...                 13.0 33.0 38.0 42.0 26.0    
Price/Earnings (P/E) ... ... ... ...                 16.3 9.27 10.6 12.3 12.4    
Price/Book Value (P/BV) ... ... ... ...                 1.13 1.48 2.50 1.98 1.71    
Dividend Yield % ... ... ... ...                 2.79 4.27 2.30 2.62 1.85    
Earnings Per Share Growth % ... ... ... ... ...               -262 192 86.3 -16.4 -12.6    
Book Value Per Share Growth % ... ... ... ... ...               8.61 26.9 26.6 22.5 1.81    
income statement Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                      
Sales JPY bil ... ... ...                   1,315 1,541 1,700 1,685 1,746    
Cost of Goods & Services JPY bil ... ... ...                   1,136 1,314 1,410 1,390 1,451    
Gross Profit JPY bil ... ... ...                   178 227 290 296 295    
Staff Cost JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Other Cost JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
EBITDA JPY bil ... ... ...                   87.6 112 158 147 148    
Depreciation JPY bil ... ... ...                   50.1 47.3 44.5 44.0 49.3    
EBIT JPY bil ... ... ...                   37.5 65.1 114 104 98.9    
Financing Cost JPY bil ... ... ...                   -2.53 -2.65 4.58 1.54 4.85    
Extraordinary Cost JPY bil ... ... ...                   21.8 1.66 -3.34 -1.27 -2.80    
Pre-Tax Profit JPY bil ... ... ...                   18.3 66.1 112 103 96.9    
Tax JPY bil ... ... ...                   -2.68 12.2 15.0 24.1 28.8    
Minorities JPY bil ... ... ...                   4.67 6.19 8.35 4.61 2.91    
Net Profit JPY bil ... ... ...                   16.3 47.7 89.1 74.5 65.1    
Dividends JPY bil ... ...                     7.42 18.9 21.8 24.1 14.9    
growth rates                                      
Total Revenue Growth % ... ... ... ...                 5.79 17.3 10.3 -0.840 3.57    
Operating Cost Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
EBITDA Growth % ... ... ... ...                 6.93 28.3 40.7 -6.79 0.526    
EBIT Growth % ... ... ... ...                 29.8 73.5 74.6 -8.95 -4.43    
Pre-Tax Profit Growth % ... ... ... ...                 10.7 261 70.1 -8.19 -6.15    
Net Profit Growth % ... ... ... ...                 -262 192 86.9 -16.4 -12.6    
ratios                                      
ROE % ... ... ...                   7.22 17.9 26.3 17.6 13.9    
ROCE % ... ... ... ...                 3.11 8.36 14.3 10.6 8.57    
Gross Margin % ... ... ...                   13.6 14.7 17.1 17.5 16.9    
EBITDA Margin % ... ... ...                   6.66 7.29 9.31 8.75 8.49    
EBIT Margin % ... ... ...                   2.85 4.22 6.69 6.14 5.67    
Net Margin % ... ... ...                   1.24 3.09 5.24 4.42 3.73    
Payout Ratio % ... ... ...                   45.5 39.6 24.4 32.3 22.9    
Cost of Financing % ... ... ... ...                 -1.33 -1.57 2.99 0.939 2.96    
Net Debt/EBITDA ... ... ...                   1.89 1.06 0.733 0.896 0.840    
balance sheet Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                      
Non-Current Assets JPY bil ... ... ...                   390 411 459 526 543    
Property, Plant & Equipment JPY bil ... ... ...                   288 301 328 364 398    
Intangible Assets JPY bil ... ... ... ... ... ... ...           17.0 16.5 17.6 20.4 21.9    
Current Assets JPY bil ... ... ...                   455 492 551 598 577    
Inventories JPY bil ... ... ...                   122 148 155 201 192    
Receivables JPY bil ... ... ...                   265 271 281 296 279    
Cash & Cash Equivalents JPY bil ... ... ...                   25.9 27.1 44.7 36.1 34.7    
Total Assets JPY bil ... ... ...                   845 903 1,009 1,124 1,120    
Shareholders' Equity JPY bil ... ... ...                   235 299 380 465 474    
Of Which Minority Interest JPY bil ... ... ...                   25.5 33.8 39.3 46.5 44.4    
Liabilities JPY bil ... ... ...                   610 604 630 659 646    
Non-Current Liabilities JPY bil ... ... ...                   132 123 112 125 129    
Long-Term Debt JPY bil ... ... ...                   39.1 24.4 32.6 40.9 45.1    
Deferred Tax Liabilities JPY bil ... ... ...                   18.4 23.4 12.9 18.9 16.4    
Current Liabilities JPY bil ... ... ...                   478 482 517 534 517    
Short-Term Debt JPY bil ... ... ...                   152 122 128 127 114    
Trade Payables JPY bil ... ... ...                   237 230 247 263 254    
Provisions JPY bil ... ... ...                   73.2 85.1 32.6 38.2 34.7    
Equity And Liabilities JPY bil ... ... ...                   845 903 1,009 1,124 1,120    
growth rates                                      
Total Asset Growth % ... ... ... ...                 17.0 6.91 11.7 11.4 -0.383    
Shareholders' Equity Growth % ... ... ... ...                 8.54 27.2 27.0 22.6 1.83    
Net Debt Growth % ... ... ... ...                 7.00 -28.1 -2.55 14.0 -5.81    
Total Debt Growth % ... ... ... ...                 1.45 -23.6 9.96 4.70 -5.41    
ratios                                      
Total Debt JPY bil ... ... ...                   191 146 161 168 159    
Net Debt JPY bil ... ... ...                   165 119 116 132 124    
Working Capital JPY bil ... ... ...                   150 189 189 234 218    
Capital Employed JPY bil ... ... ...                   540 600 648 760 761    
Net Debt/Equity % ... ... ...                   70.4 39.8 30.5 28.4 26.3    
Cost of Financing % ... ... ... ...                 -1.33 -1.57 2.99 0.939 2.96    
cash flow Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
cash flow                                      
Net Profit JPY bil ... ... ...                   16.3 47.7 89.1 74.5 65.1    
Depreciation JPY bil ... ... ...                   50.1 47.3 44.5 44.0 49.3    
Non-Cash Items JPY bil ... ... ... ...                 5.84 40.7 9.88 3.75 -19.3    
Change in Working Capital JPY bil ... ... ... ...                 -37.0 -38.7 -0.585 -44.4 16.2    
Total Cash From Operations JPY bil ... ... ...                   35.3 96.9 143 77.8 111    
Capital Expenditures JPY bil ... ... ...                   -39.1 -55.8 -65.8 -76.1 -87.4    
Other Investments JPY bil ... ... ...                   0.385 1.26 3.94 1.08 -0.255    
Total Cash From Investing JPY bil ... ... ...                   -38.7 -54.5 -61.8 -75.0 -87.7    
Dividends Paid JPY bil ... ...                     -7.42 -18.9 -21.8 -24.1 -14.9    
Issuance Of Debt JPY bil ... ... ... ...                 2.74 -45.1 14.6 7.56 -9.11    
Total Cash From Financing JPY bil ... ... ...                   -4.47 -42.4 -49.2 -24.7 -25.3    
Net Change In Cash JPY bil ... ... ...                   -7.91 0.025 32.0 -22.0 -1.61    
ratios                                      
Days Sales Outstanding days ... ... ...                   73.7 64.2 60.4 64.2 58.4    
Days Sales Of Inventory days ... ... ...                   39.2 41.0 40.3 52.7 48.3    
Days Payable Outstanding days ... ... ...                   76.2 63.9 64.1 69.0 63.8    
Cash Conversion Cycle days ... ... ...                   36.7 41.3 36.6 47.8 42.9    
Cash Earnings JPY bil ... ... ...                   66.4 95.0 134 118 114    
Cash Earnings Per Share JPY ... ... ... ...                 116 166 233 206 199    
Price/Cash Earnings (P/CE) ... ... ... ...                 4.01 4.65 7.09 7.76 7.06    
Free Cash Flow JPY bil ... ... ...                   -3.44 42.4 81.1 2.75 23.7    
Free Cash Flow Yield % ... ... ... ...                 -1.25 10.4 9.22 0.318 2.94    
other data Unit 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                      
ROA % ... ... ...                   2.08 5.45 9.32 6.98 5.80    
Gross Margin % ... ... ...                   13.6 14.7 17.1 17.5 16.9    
Employees ...                 ... ... ... ... 27,705 ... 31,020 ... ...  
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Cost Per Employee (Local Currency) JPY per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Effective Tax Rate % ... ... ...                   -14.7 18.5 13.3 23.4 29.8    
Enterprise Value (EV) USD mil ... ... ... ...                 5,606 6,475 10,101 8,776 7,742    
EV/EBITDA ... ... ... ...                 5.10 4.60 6.24 6.70 6.28    
EV/Capital Employed ... ... ... ...                 0.799 0.935 1.64 1.38 1.23    
EV/Sales ... ... ... ...                 0.340 0.335 0.581 0.586 0.533    
EV/EBIT ... ... ... ...                 11.9 7.94 8.69 9.54 9.40    
Domestic Sales JPY bil ... ... ... ... ... ... ...           1,040 1,226 1,326 1,272 1,302    
Capital Expenditures (As % of Sales) % ... ... ...                   2.97 3.62 3.87 4.52 5.01    
Pre-Tax Profit From Abroad JPY bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Revenues From Abroad JPY bil ... ... ... ... ... ... ...           274 316 374 413 444    
Revenues From Abroad (As % Of Total) % ... ... ... ... ... ... ...           20.9 20.5 22.0 24.5 25.4    
Profit From Abroad (As % Of Total) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Price Per Vehicle Sold JPY ... ... ...                   10,309,000 10,132,700 10,355,300 10,193,400 10,375,400    
EBIT Per Vehicle Sold JPY ... ... ...                   294,288 428,078 692,645 626,074 588,027    
Net Profit Per Vehicle Sold JPY ... ... ...                   127,849 313,476 543,040 450,608 387,134    
Price Per Vehicle Sold (USD) USD ... ... ...                   129,364 126,922 105,900 90,568 86,339    
EBIT Per Vehicle Sold (USD) USD ... ... ...                   3,693 5,362 7,083 5,563 4,893    
Net Profit Per Vehicle Sold (USD) USD ... ... ...                   1,604 3,927 5,553 4,004 3,222    
Sales From Automotive JPY bil ... ... ... ... ... ... ... ...         527 608 720 ... ...    
Production of Vehicles vehicles ... ...                     134,800 156,300 166,057 169,417 162,870    
Production of Vehicles (At Home) vehicles ... ... ...                   98,500 123,100 138,500 ... ... ... ...
Domestic Production (As % Of Total) % ... ... ...                   73.1 78.8 83.4 ... ... ... ...
Sales of Vehicles vehicles                         127,518 152,117 164,126 165,332 168,239    
Sales of Vehicles At Home vehicles                         36,915 43,702 52,193 57,878 60,651    
Sales of Vehicles in Asia vehicles ... ... ... ... ... ... ... ...         60,550 73,875 72,821 63,786 60,522    
Sales of Vehicles in Central & South America vehicles ... ... ... ... ... ... ... ...         11,278 11,503 13,407 14,472 13,628    
Sales of Vehicles in Europe vehicles ... ... ... ... ... ... ... ... ... ... ... ... 1,528 2,246 2,569 2,906 1,281    
Sales of Vehicles in Africa vehicles ... ... ... ... ... ... ... ... ... ... ... ... 4,705 6,053 6,327 6,840 5,463    
Sales of Vehicles in North America vehicles ... ... ... ... ... ... ... ...         6,281 8,223 9,389 11,958 14,423    
Sales of Vehicles in Oceania vehicles ... ... ... ... ... ... ... ...         4,039 5,207 5,158 5,295 5,470    
Sales of Vehicles in Middle East vehicles ... ... ... ... ... ... ... ...         3,170 3,874 4,377 5,663 6,171    
Sales of Vehicles in Australia vehicles ... ... ... ... ... ...             4,177 3,334 4,216 ... ... ... ...
Sales of Vehicles in Malaysia vehicles ... ... ... ... ... ...             4,590 5,829 6,433 ... ... ... ...
Sales of Vehicles in the UK vehicles ... ... ... ... ... ...             101 145 198 ... ... ... ...
Sales of Vehicles in the USA vehicles ... ... ... ... ... ...             3,422 5,078 6,305 ... ...    
Sales of Vehicles in Vietnam vehicles ... ... ... ... ... ...             1,230 839 632 ... ... ... ...

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Nov 2013
Statistical Dossier
Nov 2013
Company Report

Hino's Cash & Cash Equivalents rose 40.7% to JPY 45.2 bil in 2017

By Helgi Analytics - November 05, 2019

Hino Motors's total assets reached JPY 1,295 bil at the end of 2017, up 8.14% when compared to the previous year. Current assets amounted to JPY 712 bil, or 55.0% of total assets while cash reached JPY 45.2 bil at the end of 2017. On the other hand, total debt reached JPY ...

Hino's Capital Expenditures fell 31.6% to JPY 60.1 bil in 2017

By Helgi Analytics - November 05, 2019

Hino Motors invested total of JPY 60.1 bil in 2017, down 31.6% when compared to the previous year. Historically, company's investments reached an all time high of JPY 87.9 bil in 2016 and an all time low of JPY 27.4 bil in 2010. When compared to total s...

Hino's Net Margin fell 4.77% yoy to 2.79% in 2017

By Helgi Analytics - November 05, 2019

Hino Motors made a net profit of JPY 51.4 bil under revenues of JPY 1,838 bil in 2017, up 3.95% and 9.16%, respectively, when compared to the last year. This translates into a net margin of 2.79%. Historically, the firm’s net margin reached an all time high of ...

Hino's Net Debt/EBITDA fell 12.5% to 1.03 in 2017

By Helgi Analytics - November 05, 2019

Hino Motors's net debt reached JPY 143 bil and accounted for 25.8% of equity at the end of 2017. The ratio is down 7.83% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 128% in 2002 and an all time low o...

Hino's Total Cash From Operations rose 14.1% to JPY 86.5 bil in 2017

By Helgi Analytics - November 05, 2019

Hino Motors's operating cash flow reached JPY 86.5 bil in 2017, up 14.1% when compared to the previous year. Historically, the firm’s operating cash flow reached an all time high of JPY 143 bil in 2013 and an all time low of JPY -8.50 bil in 2008. Hino Motor...

Hino's ROCE fell 1.56% to 6.19% in 2017

By Helgi Analytics - November 05, 2019

Hino Motors made a net profit of JPY 51.4 bil in 2017, up 3.95% when compared to the previous year. Historically, company's net profit reached an all time high of JPY 89.1 bil in 2013 and an all time low of JPY -61.8 bil in 2008. This implies return on equity of ...

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