Isuzu Motors Limited (JP:7202)
:7202
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Isuzu Motors
(7202)
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Rating:71Outperform
Price Target:
¥2,520.00
▲(10.50% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by solid overall financial performance with healthy profitability and balance sheet positioning, partially offset by weaker cash conversion. Technicals add support due to a strong uptrend and positive momentum, while valuation is reasonable with a moderate P/E and a ~3.3% dividend yield.
Positive Factors
Strong TTM revenue growth
A 165% TTM revenue increase signals durable demand for Isuzu's commercial vehicles and powertrains across markets. Sustained higher sales expand scale, improve factory and dealer economics, and grow the installed base, which supports recurring after-sales revenue and long-term market position.
Negative Factors
Weak cash conversion
Operating and free cash flow at only ~20% of reported net income suggests working-capital swings or elevated investment needs. This reduces the reliability of reported earnings as cash available for dividends, deleveraging or acquisitions, and raises the risk that earnings won't consistently translate into liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong TTM revenue growth
A 165% TTM revenue increase signals durable demand for Isuzu's commercial vehicles and powertrains across markets. Sustained higher sales expand scale, improve factory and dealer economics, and grow the installed base, which supports recurring after-sales revenue and long-term market position.
Read all positive factors
Isuzu Motors (7202) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
$1.56T
Dividend Yield3.74%
Average Volume (3M)3.24M
Price to Earnings (P/E)8.3
Beta (1Y)1.08
Revenue Growth-5.66%
EPS Growth-28.73%
CountryJP
Employees45,034
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)73.91
Shares Outstanding688,751,800
10 Day Avg. Volume4,852,310
30 Day Avg. Volume3,236,710
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.08
Price to Sales (P/S)0.46
P/FCF Ratio15.54
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue0.63
Enterprise Value/Gross Profit3.33
Enterprise Value/Ebitda5.70
Forecast
1Y Price Target
$2,915.67Price Target Upside27.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)199.04
Revenue Forecast (FY)$3.41T
Isuzu Motors Business Overview & Revenue Model
Company Description
Isuzu Motors Limited manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide. Its products include heavy and medium duty trucks and buses, and light-duty trucks; passenger pickup vehicles,...
How the Company Makes Money
Isuzu primarily makes money by selling commercial vehicles and powertrain products and by supporting those vehicles throughout their operating life. Key revenue streams include: (1) Sales of commercial vehicles: Revenue from the manufacture and wh...
Isuzu Motors Earnings Call Summary
Earnings Call Date:Feb 09, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 08, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong financial performance, particularly with record net sales and increased market share in Japan, alongside improvements in component shortages. However, significant challenges were noted in global sales, particularly in emerging markets and Thailand, leading to a downward revision in sales volume forecasts. Despite these challenges, operating income and revenue from after-sales showed positive growth. The sentiment is balanced due to a mix of achievements and challenges.Positive Updates
Record All-Time High in Net Sales
Net sales in all profit levels for the first 9-month period marked an all-time high despite challenging market conditions.
Negative Updates
Decreased Global CV and LCV Sales
Global CV unit sales decreased due to rising interest rates and inflation in regions such as Asia. LCV unit sales in Thailand significantly decreased due to severe market conditions.
Read all updates
Q3-2024 Updates
Positive
Negative
Record All-Time High in Net Sales
Net sales in all profit levels for the first 9-month period marked an all-time high despite challenging market conditions.
Read all positive updates
Company Guidance
During the Isuzu Motor Limited earnings call for the third quarter of the fiscal year ending March 31, 2024, the executives provided a comprehensive overview of the company's financial performance and outlook. Despite challenging market conditions, including rising interest rates and inflation in regions such as Asia, Isuzu achieved record net sales and profit levels for the first nine months, driven by price realization, a weaker yen, and increased after-sales revenue. The company reported an operating income of JPY 253.6 billion and net income of JPY 159.4 billion for the period. While unit sales of commercial vehicles (CVs) and light commercial vehicles (LCVs) decreased, operating income improved by JPY 55.7 billion year-on-year due to cost reduction activities and a favorable model mix. The full-year operating income forecast remains at JPY 280.0 billion, with expectations of ordinary income reaching JPY 300.0 billion and net income at JPY 165.0 billion, despite revising down the sales volume forecast due to production delays and market conditions.Isuzu Motors Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.36T | 3.21T | 3.39T | 3.20T | 2.51T | 1.91T |
| Gross Profit | 638.99B | 617.09B | 680.23B | 595.19B | 458.19B | 303.04B |
| EBITDA | 372.90B | 359.47B | 429.49B | 383.54B | 309.08B | 174.25B |
| Net Income | 145.72B | 134.36B | 176.44B | 151.74B | 126.19B | 42.71B |
Balance Sheet | ||||||
| Total Assets | 3.55T | 3.30T | 3.26T | 3.10T | 2.90T | 2.24T |
| Cash, Cash Equivalents and Short-Term Investments | 400.98B | 358.71B | 367.31B | 383.59B | 356.02B | 404.75B |
| Total Debt | 896.08B | 758.84B | 622.66B | 513.14B | 530.48B | 316.56B |
| Total Liabilities | 1.91T | 1.77T | 1.73T | 1.59T | 1.51T | 1.04T |
| Stockholders Equity | 1.45T | 1.37T | 1.38T | 1.31T | 1.19T | 1.02T |
Cash Flow | ||||||
| Free Cash Flow | 119.15B | 95.24B | 164.28B | 119.77B | 71.73B | 125.03B |
| Operating Cash Flow | 270.11B | 254.06B | 308.74B | 227.09B | 172.06B | 222.92B |
| Investing Cash Flow | -160.15B | -202.34B | -143.43B | -72.37B | -420.87B | -87.99B |
| Financing Cash Flow | -90.18B | -90.60B | -161.11B | -148.53B | 186.15B | -60.70B |
Isuzu Motors Technical Analysis
Negative
2280.50
Price Trends
2630.60
Negative
2474.21
Negative
2176.71
Positive
Market Momentum
-96.27
Positive
31.07
Neutral
5.58
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7202, the sentiment is Negative. The current price of 2280.5 is below the 20-day moving average (MA) of 2590.50, below the 50-day MA of 2630.60, and above the 200-day MA of 2176.71, indicating a neutral trend. The MACD of -96.27 indicates Positive momentum. The RSI at 31.07 is Neutral, neither overbought nor oversold. The STOCH value of 5.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7202.
Isuzu Motors Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥3.69T | 9.91 | 13.26% | 1.85% | 2.99% | 9.99% | |
71 Outperform | $1.56T | 8.25 | ― | 3.74% | -5.66% | -28.73% | |
68 Neutral | ¥42.37T | 8.70 | 12.89% | 2.78% | 6.44% | 11.88% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ¥129.22B | 19.38 | ― | 1.29% | 28.98% | ― | |
47 Neutral | ¥1.16T | -12.05 | -16.69% | ― | -3.01% | -755.71% | |
39 Underperform | ¥229.61B | 6.86 | 39.41% | ― | -0.99% | ― |
* Consumer Cyclical Sector Average
JP:7202
Isuzu Motors
2,280.50
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16.95%
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Isuzu Motors Corporate Events
Isuzu Motors Reshapes Top Management to Drive 2030 Growth Plan
Feb 27, 2026
Isuzu Motors will overhaul its top management structure from April 1, 2026 as part of efforts to meet the targets of its ISUZU Transformation – Growth to 2030 mid-term plan and drive sustainable growth. Chairman and CEO Masanori Katayama wil...
Isuzu Logs Higher Revenue but Lower Profit as Share Buybacks Lift EPS
Feb 12, 2026
Isuzu Motors reported consolidated revenue of ¥2.51 trillion for the nine months ended December 31, 2025, up 5.3% year-on-year, while operating profit fell 12.4% to ¥172.5 billion as profitability came under pressure despite higher sales...
Isuzu Corrects Capital Figure for New Equity-Method Affiliate
Dec 26, 2025
Isuzu Motors has corrected previously disclosed information regarding a change in the status of a consolidated subsidiary that is becoming an equity-method affiliate, specifically revising an error in the Japanese yen conversion of the subsidiary&...
Isuzu Motors to Absorb Domestic Sales Assets from Wholly Owned Subsidiary in Streamlining Move
Dec 25, 2025
Isuzu Motors Limited has approved an absorption-type company split under which it will take over shares of domestic sales companies, real estate of domestic sales bases, and related rights and obligations currently held by its wholly owned subsidi...
Isuzu Completes ¥50 Billion Share Buyback and Plans 3.5% Share Cancellation
Dec 25, 2025
Isuzu Motors has completed a share repurchase program authorized by its board in May 2025, buying back a total of 24,774,800 common shares for approximately ¥50 billion between June 18 and December 23, 2025. The company will cancel all of the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.