Report

PSA Heavy Machinery: IHI (7013 JT) – Good Prospects in FY19

Analyst William Nestuk has written about IHI a few times. He likes the look of IHI’s earnings prospects for FY19 and meanwhile on an EV/OP of 8.8X and a PER of 12.5X and set to improve, valuations look good. Earnings led by the Aeroengine cycle are entering an upswing while costs, such as for realignment and LNG delivery delays, drop out.
Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
William Nestuk

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