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Hitachi

HTHIF
63
Conglomerates · Industrials
Price
$32.76
-0.36 (-1.09%)
Market Cap
$146.91B
Exchange
Other OTC
Winston Score
63
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Good
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong
Dividends
Weak

Share count falling — buybacks

6.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 4.84B (2022) → 4.54B (2026)

Winston Score History

The full picture

Hitachi is a large Japanese industrial conglomerate that builds and sells a wide range of products and services — from power grids and railway systems to data storage hardware and factory automation equipment. Its main customers include governments, utilities, manufacturers, and large businesses around the world. Hitachi is one of Japan's oldest and largest industrial companies, and it has been reshaping itself in recent years by selling off consumer electronics divisions to focus on infrastructure and digital technology.

Hitachi makes money through a mix of long-term infrastructure contracts, equipment sales, and IT services. It operates globally, with major business in Japan, Europe, and North America, and generates roughly $80 billion in annual revenue. Its competitive edge comes from combining physical infrastructure expertise with its growing digital and software capabilities, particularly through its Lumada data platform. The key growth driver is demand for energy infrastructure and smart grid upgrades, though currency fluctuations and slowing industrial spending in key markets remain ongoing risks.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-8.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

¥0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

5.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

¥3.1T cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Hitachi is a rare growth stock that's already generating positive cash flow while growing at 12%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
29.9%
Modest — 29.9% gross margin
Profit after running costs
Operating Margin
10.9%
Modest — 10.9% operating margin
Return on the money invested
ROCE
17.0%
Strong — 17.0% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+46.0%
Fast-growing sales (+46.0% YoY)
Profit growth
EPS YoY
+85.2%
Earnings growing fast (+85.2% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
215%
Turns 215% of profit into real cash
Spare cash per sale
FCF Margin
12.1%
Converts sales into free cash efficiently (12.1%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.16
Conservative — low debt load (0.16)
Covers its interest
Interest Cover
35.93x
Comfortably covers interest (35.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
29.4x
Growth-priced — P/E 29.4

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+9.4
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (29.4 → 19.9)

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Dividends

Dividend
Dividend Yield
0.89%
Small dividend — 0.89% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-66.0%
Dividend cut (-66.0% YoY) — warning sign

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