Chiyoda (6366) AI Stock Analysis

• Market Cap: $103.07B
• Dividend Yield: N/A
• Average Volume (3M): 1.64M
• Price to Earnings (P/E): 3.5
• Beta (1Y): 0.80
• Revenue Growth: -12.80%
• EPS Growth: N/A
• Country: JP
• Employees: 3,496
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 22.57
• Shares Outstanding: 260,324,520
• 10 Day Avg. Volume: 1,970,230
• 30 Day Avg. Volume: 1,643,290
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: 2.29
• Enterprise Value/Ebitda: 2.63
• 1Y Price Target: $379.44
• Price Target Upside: -5.14% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 70 Neutral
• Price Target: ¥380.00 ▼(-5.00% Downside)

Chiyoda's stock score reflects a balanced view of its financial recovery and undervaluation despite challenges in revenue growth and some technical weaknesses. The company's improved profit margins and stable cash flow position are significant strengths, whereas the negative revenue trend and low equity ratio pose risks. The stock appears undervalued, offering potential upside, but careful consideration of its market expansion challenges is necessary.

Chiyoda Business Overview & Revenue Model

Company Description

Chiyoda Corporation is a leading international engineering company headquartered in Yokohama, Japan. The company specializes in the design, procurement, and construction (EPC) of large-scale facilities, primarily in the fields of oil and gas, petrochemicals, chemicals, and environmental technologies. Chiyoda is also involved in renewable energy projects and infrastructure development, providing comprehensive solutions from project planning to execution.

How the Company Makes Money

Chiyoda Corporation generates revenue primarily through its engineering, procurement, and construction (EPC) services. The company engages in large-scale projects, particularly in the oil and gas sector, where it designs and builds refineries, liquefied natural gas (LNG) plants, and petrochemical facilities. Additionally, Chiyoda is expanding its portfolio into renewable energy and environmental projects, which are becoming increasingly significant revenue streams. The company often forms strategic partnerships and joint ventures with other firms to leverage expertise and share risks in complex projects. Key factors contributing to its earnings include its global presence, technical expertise, and the ability to deliver integrated project solutions that meet client needs.

Chiyoda Financial Statement Overview

Summary

Chiyoda's financial performance in 2025 demonstrates a recovery with improved margins and a stable cash position. The company has transitioned from losses to profitability, reflecting enhanced operational efficiency. However, negative revenue growth suggests challenges in market expansion. A low equity ratio also poses potential financial risks.

Income Statement

Chiyoda's income statement shows a mixed performance. The gross profit margin improved significantly from a negative margin in 2024 to a positive 9.26% in 2025, reflecting a recovery in profitability. The net profit margin also turned positive at 5.91% in 2025, indicating a turnaround from previous losses. However, revenue growth is negative at -9.68%, suggesting challenges in sustaining top-line growth. EBIT and EBITDA margins have improved to 5.34% and 8.07% respectively in 2025, showing enhanced operational efficiency.

Balance Sheet

Chiyoda's balance sheet reflects a stable equity position with a notable increase in stockholders' equity to ¥23.7 billion in 2025. The debt-to-equity ratio stands at 0.99, indicating a balanced capital structure with manageable leverage. The equity ratio is relatively low at 5.14%, which suggests potential vulnerability to financial instability. The company maintains strong liquidity with significant cash reserves, enhancing its ability to meet short-term obligations.

Cash Flow

Chiyoda's cash flow statement indicates strong free cash flow of ¥55.97 billion in 2025, with a slight decline from the previous year. The operating cash flow to net income ratio is robust, suggesting efficient cash generation from operations. However, the free cash flow growth rate is negative, reflecting challenges in sustaining cash flow growth. Overall, the cash flow position supports operational needs and debt management effectively.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	456.97B	456.97B	505.98B	430.16B	311.12B	315.39B
Gross Profit	42.32B	42.32B	-157.00M	32.71B	22.79B	20.06B
EBITDA	36.88B	36.88B	-2.03B	24.95B	-5.29B	13.08B
Net Income	26.98B	26.99B	-15.83B	15.19B	-12.63B	7.99B
Balance Sheet
Total Assets	461.03B	461.03B	426.97B	406.59B	395.40B	329.58B
Cash, Cash Equivalents and Short-Term Investments	307.28B	307.28B	102.07B	61.24B	68.80B	106.99B
Total Debt	23.60B	23.60B	23.60B	29.09B	45.62B	45.75B
Total Liabilities	435.57B	435.57B	420.89B	384.28B	379.64B	292.84B
Stockholders Equity	23.71B	23.71B	4.86B	22.18B	15.65B	36.40B
Cash Flow
Free Cash Flow	0.00	55.97B	60.99B	41.37B	-27.73B	-22.95B
Operating Cash Flow	0.00	57.66B	62.75B	44.16B	-25.59B	-20.81B
Investing Cash Flow	0.00	-4.18B	-1.57B	7.89B	-3.79B	-2.25B
Financing Cash Flow	0.00	-298.00M	-5.85B	-17.06B	-4.20B	9.48B

Chiyoda Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 400.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6366, the sentiment is Positive. The current price of 400 is above the 20-day moving average (MA) of 399.45, above the 50-day MA of 369.62, and above the 200-day MA of 337.26, indicating a bullish trend. The MACD of 9.81 indicates Positive momentum. The RSI at 54.81 is Neutral, neither overbought nor oversold. The STOCH value of 26.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6366.

Chiyoda Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1871	84 Outperform	85.66B	10.61	14.20%	3.93%	3.55%	36.89%
1976	82 Outperform	77.55B	9.92	12.33%	2.48%	4.24%	22.05%
1982	74 Outperform	103.67B	15.78	8.36%	2.05%	7.26%	29.33%
6366	70 Neutral	$103.07B	3.51	150.62%	―	-12.80%	―
1762	69 Neutral	103.81B	16.57	4.69%	2.43%	6.90%	-25.24%
1963	64 Neutral	378.05B	-50.26	-0.10%	2.68%	-1.54%	-26.26%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%