Hitachi Ltd (HTHIY) stock analysis
HTHIYOTCHeavy Construction Other Than Bldg Const - ContractorsFiscal year ends March 31Also trades as HTHIF
Financials through fiscal 2011, year ended Mar 31, 2011Last filing: 20-F on Jun 24, 2011
$36.22−0.02 (-0.06%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2007 to 2011
Gross margin
25.2%
Net margin
2.6%
Growth rates
Compound annual growth to fiscal 2011
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.9% | -6.0% | – | – | |
| Gross profit | +10.8% | -1.4% | – | – | |
| Free cash flow | +14.7% | +22.7% | – | – |
Returns and balance sheet
5 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2007 | FY2007 | FY2011 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 17.5% | |
| Return on assets | – | – | 2.6% | |
| Current ratio | – | – | 1.20 | |
| Debt to equity | – | – | 1.47 | |
| Inventory turnover | – | – | 5.4× | |
| Capex to revenue | – | – | 2.7% | |
| Diluted shares | – | – | 4.52B |
Cash use needs five years of cash flow figures
Hitachi does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.6%
×Asset turnover1.03×
×Equity multiplier6.66×
=Return on equity, FY201117.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2011 | 2.6% | 1.03× | 6.66× | 17.5% |
| FY2010 | -1.2% | 0.98× | 7.87× | -9.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2011 against fiscal 2010
7of 9 tests passed in fiscal 2011. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero¥238.87B
- Cash generatingOperating cash flow above zero¥841.55B
- Return on assets improvedROA up on the prior year-1.1% → 2.7%
- Earnings backed by cashOperating cash flow above net income¥841.55B vs ¥238.87B
- Less leverageLong-term debt to assets fell18.0% → 14.2%
- Better liquidityCurrent ratio rose1.21 → 1.20
- No dilutionShare count did not rise3.66B → 4.52B
- Gross margin improvedGross margin up on the prior year23.63% → 25.21%
- More efficientAsset turnover rose0.95 → 1.04
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