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Mitsubishi Paper Mills

DB:MPX
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPX
DB
¥21B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Mitsubishi Paper Mills Limited, together with its subsidiaries, produces, processes, and sells paper, pulp, and photosensitive materials in Japan, Europe, rest of Asia, North America, and internationally. The last earnings update was 65 days ago. More info.


Add to Portfolio Compare Print
  • Mitsubishi Paper Mills has significant price volatility in the past 3 months.
MPX Share Price and Events
7 Day Returns
-4%
DB:MPX
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-16.8%
DB:MPX
-11.9%
Europe Forestry
3%
DE Market
MPX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitsubishi Paper Mills (MPX) -4% -3.8% -19.2% -16.8% -33.7% -34%
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • MPX underperformed the Forestry industry which returned -11.9% over the past year.
  • MPX underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
MPX
Industry
5yr Volatility vs Market

Value

 Is Mitsubishi Paper Mills undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mitsubishi Paper Mills to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mitsubishi Paper Mills.

DB:MPX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MPX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 30.86%) (517.17%))
4.522
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:MPX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mitsubishi Paper Mills is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MPX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.15%)
2020 11,010.51 Est @ 0.88% 9,817.84
2021 11,085.99 Est @ 0.69% 8,814.37
2022 11,146.77 Est @ 0.55% 7,902.68
2023 11,197.18 Est @ 0.45% 7,078.52
2024 11,240.28 Est @ 0.38% 6,336.06
2025 11,278.26 Est @ 0.34% 5,668.82
2026 11,312.65 Est @ 0.3% 5,070.18
2027 11,344.53 Est @ 0.28% 4,533.72
2028 11,374.67 Est @ 0.27% 4,053.36
2029 11,403.61 Est @ 0.25% 3,623.49
Present value of next 10 years cash flows ¥62,899.00
DB:MPX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥11,403.61 × (1 + 0.23%) ÷ (12.15% – 0.23%)
¥95,885.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥95,885.95 ÷ (1 + 12.15%)10
¥30,467.70
DB:MPX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥62,899.00 + ¥30,467.70
¥93,366.70
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥93,366.70 / 44.66
¥2090.59
DB:MPX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MPX represents 0.0082x of TSE:3864
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0082x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,090.59 x 0.0082
€17.13
Value per share (EUR) From above. €17.13
Current discount Discount to share price of €3.86
= -1 x (€3.86 - €17.13) / €17.13
77.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mitsubishi Paper Mills is available for.
Intrinsic value
>50%
Share price is €3.86 vs Future cash flow value of €17.13
Current Discount Checks
For Mitsubishi Paper Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mitsubishi Paper Mills's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mitsubishi Paper Mills's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mitsubishi Paper Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitsubishi Paper Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MPX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in JPY ¥20.87
TSE:3864 Share Price ** TSE (2019-10-11) in JPY ¥471
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mitsubishi Paper Mills.

DB:MPX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3864 Share Price ÷ EPS (both in JPY)

= 471 ÷ 20.87

22.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Paper Mills is overvalued based on earnings compared to the Europe Forestry industry average.
  • Mitsubishi Paper Mills is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Mitsubishi Paper Mills's expected growth come at a high price?
Raw Data
DB:MPX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
41%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:MPX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.56x ÷ 41%

0.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Paper Mills is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Mitsubishi Paper Mills's assets?
Raw Data
DB:MPX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in JPY ¥1,441.07
TSE:3864 Share Price * TSE (2019-10-11) in JPY ¥471
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:MPX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3864 Share Price ÷ Book Value per Share (both in JPY)

= 471 ÷ 1,441.07

0.33x

* Primary Listing of Mitsubishi Paper Mills.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Paper Mills is good value based on assets compared to the Europe Forestry industry average.
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Value checks
We assess Mitsubishi Paper Mills's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Mitsubishi Paper Mills has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mitsubishi Paper Mills expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitsubishi Paper Mills expected to grow at an attractive rate?
  • Mitsubishi Paper Mills's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Mitsubishi Paper Mills's earnings growth is expected to exceed the Germany market average.
  • Mitsubishi Paper Mills's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MPX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MPX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 41%
DB:MPX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.7%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MPX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MPX Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 212,400 3,200 1
2021-03-31 209,700 2,300 1
2020-03-31 207,200 1,800 1
2019-10-13
DB:MPX Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-06-30 202,272 785
2019-03-31 203,997 19,066 351
2018-12-31 203,469 536
2018-09-30 202,300 14,314 2,455
2018-06-30 202,032 2,370
2018-03-31 201,492 12,809 3,198
2017-12-31 201,692 -123
2017-09-30 200,995 16,100 1,028
2017-06-30 200,319 1,501
2017-03-31 201,955 19,839 1,152
2016-12-31 205,440 2,228
2016-09-30 209,669 19,735 2,435

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mitsubishi Paper Mills's earnings are expected to grow significantly at over 20% yearly.
  • Mitsubishi Paper Mills's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MPX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Mitsubishi Paper Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MPX Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 71.70 71.70 71.70 1.00
2021-03-31 51.50 51.50 51.50 1.00
2020-03-31 40.30 40.30 40.30 1.00
2019-10-13
DB:MPX Past Financials Data
Date (Data in JPY Millions) EPS *
2019-06-30 20.87
2019-03-31 10.03
2018-12-31 15.68
2018-09-30 71.82
2018-06-30 69.34
2018-03-31 93.56
2017-12-31 -3.60
2017-09-30 30.07
2017-06-30 43.91
2017-03-31 33.70
2016-12-31 65.18
2016-09-30 71.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mitsubishi Paper Mills is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mitsubishi Paper Mills's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mitsubishi Paper Mills has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mitsubishi Paper Mills performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mitsubishi Paper Mills's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mitsubishi Paper Mills has delivered over 20% year on year earnings growth in the past 5 years.
  • Mitsubishi Paper Mills's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mitsubishi Paper Mills's 1-year earnings growth is negative, it can't be compared to the Europe Forestry industry average.
Earnings and Revenue History
Mitsubishi Paper Mills's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mitsubishi Paper Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MPX Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 202,272.00 785.00 27,800.00 1,132.00
2019-03-31 203,997.00 351.00 28,303.00 1,132.00
2018-12-31 203,469.00 536.00 28,773.00 1,148.00
2018-09-30 202,300.00 2,455.00 29,143.00 1,148.00
2018-06-30 202,032.00 2,370.00 29,262.00 1,148.00
2018-03-31 201,492.00 3,198.00 29,332.00 1,148.00
2017-12-31 201,692.00 -123.00 29,544.00 1,122.00
2017-09-30 200,995.00 1,028.00 29,344.00 1,122.00
2017-06-30 200,319.00 1,501.00 29,487.00 1,122.00
2017-03-31 201,955.00 1,152.00 29,702.00 1,122.00
2016-12-31 205,440.00 2,228.00 29,114.00 958.00
2016-09-30 209,669.00 2,435.00 28,370.00 958.00
2016-06-30 214,472.00 2,954.00 27,503.00 958.00
2016-03-31 216,340.00 2,217.00 26,474.00 958.00
2015-12-31 217,620.00 -1,188.00 26,920.00 1,065.00
2015-09-30 217,072.00 -2,653.00 27,233.00 1,065.00
2015-06-30 215,884.00 -2,726.00 27,571.00 1,065.00
2015-03-31 214,944.00 -4,272.00 27,932.00 1,065.00
2014-12-31 213,429.00 -1,991.00 27,453.00 1,079.00
2014-09-30 211,821.00 -1,205.00 27,252.00 1,079.00
2014-06-30 209,975.00 -1,354.00 27,260.00 1,079.00
2014-03-31 207,470.00 280.00 27,644.00 1,079.00
2013-12-31 203,000.00 61.00 28,101.00 1,207.00
2013-09-30 200,067.00 508.00 28,379.00 1,207.00
2013-06-30 199,287.00 238.00 28,365.00 1,207.00
2013-03-31 200,850.00 1,710.00 28,184.00 1,207.00
2012-12-31 203,754.00 6,101.00 27,759.00 1,462.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mitsubishi Paper Mills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mitsubishi Paper Mills used its assets less efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Mitsubishi Paper Mills's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mitsubishi Paper Mills's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mitsubishi Paper Mills has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mitsubishi Paper Mills's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mitsubishi Paper Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitsubishi Paper Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mitsubishi Paper Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mitsubishi Paper Mills's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mitsubishi Paper Mills Company Filings, last reported 3 months ago.

DB:MPX Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 64,974.00 108,787.00 9,654.00
2019-03-31 67,004.00 105,030.00 11,617.00
2018-12-31 55,846.00 110,435.00 9,046.00
2018-09-30 60,161.00 111,130.00 9,062.00
2018-06-30 58,944.00 118,122.00 10,525.00
2018-03-31 61,076.00 119,484.00 9,744.00
2017-12-31 57,709.00 121,856.00 8,865.00
2017-09-30 56,579.00 121,948.00 11,005.00
2017-06-30 55,792.00 126,887.00 9,083.00
2017-03-31 56,630.00 125,834.00 10,840.00
2016-12-31 53,550.00 129,002.00 13,340.00
2016-09-30 50,360.00 128,727.00 9,419.00
2016-06-30 49,332.00 137,339.00 12,945.00
2016-03-31 51,491.00 138,619.00 11,381.00
2015-12-31 55,642.00 142,219.00 8,852.00
2015-09-30 53,573.00 140,080.00 6,234.00
2015-06-30 53,855.00 144,522.00 6,339.00
2015-03-31 55,093.00 144,320.00 6,505.00
2014-12-31 54,725.00 150,154.00 9,548.00
2014-09-30 54,203.00 150,652.00 9,679.00
2014-06-30 52,926.00 152,890.00 10,513.00
2014-03-31 55,585.00 148,320.00 8,382.00
2013-12-31 56,859.00 157,797.00 11,393.00
2013-09-30 55,348.00 150,415.00 5,695.00
2013-06-30 54,376.00 163,277.00 9,173.00
2013-03-31 56,506.00 154,659.00 5,337.00
2012-12-31 53,485.00 167,178.00 11,903.00
  • Mitsubishi Paper Mills's level of debt (166.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (284.5% vs 166.2% today).
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mitsubishi Paper Mills's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mitsubishi Paper Mills has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mitsubishi Paper Mills's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.06%
Current annual income from Mitsubishi Paper Mills dividends.
If you bought €2,000 of Mitsubishi Paper Mills shares you are expected to receive €21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mitsubishi Paper Mills's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Mitsubishi Paper Mills's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MPX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MPX Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31
2020-03-31
2019-10-13
DB:MPX Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-26 5.000 0.955
2019-05-15 5.000 0.896
2018-06-27 5.000 0.860
2018-05-10 5.000 0.751
2013-02-06 10.000 1.094
2012-11-14 10.000 1.219
2012-08-10 10.000 1.484
2012-06-28 10.000 1.412
2012-05-11 10.000 1.367
2011-02-14 0.000 0.000
2011-02-08 0.000 0.000
2010-11-12 0.000 0.000
2010-11-05 0.000 0.000
2010-08-13 0.000 0.000
2010-08-04 0.000 0.000
2010-06-29 0.000 0.000
2010-05-11 0.000 0.000
2009-11-05 25.000 2.273
2009-05-08 25.000 1.896
2009-02-05 25.000 1.858

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Mitsubishi Paper Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mitsubishi Paper Mills's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mitsubishi Paper Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitsubishi Paper Mills has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mitsubishi Paper Mills's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yukihiro Tachifuji
CEO Bio

Mr. Yukihiro Tachifuji serves as President, Chief Executive Officer and Representative Director at Mitsubishi Paper Mills Limited. He served as a Managing Executive Officer and served as Senior Executive Officer, Head of Takasago Mil and Deputy General Manager of Paper Division, Imaging Media Division & Speciality Materials Division at Mitsubishi Paper Mills Ltd. and served its as an Executive Officer.

CEO Compensation
  • Insufficient data for Yukihiro to compare compensation growth.
  • Insufficient data for Yukihiro to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Yukihiro Tachifuji

TITLE
President

Fumito Shirakawa

TITLE
General Manager of Corporate Communications & IR Department

Naoki Okawa

TITLE
Managing Executive Officer

Junji Harada

TITLE
Senior Managing Executive Officer & Director

Nobuhiro Sato

TITLE
Managing Executive Officer & Director

Makoto Fujita

TITLE
Managing Executive Officer & GM of Product Development Department

Kanji Morioka

TITLE
Senior Managing Executive Officer & Director
AGE
59

Akira Inoue

TITLE
Senior Executive Officer

Koji Hayashi

TITLE
Senior Executive Officer
AGE
52

Takeshi Sunakawa

TITLE
Senior Executive Officer
Board of Directors

Kunio Suzuki

TITLE
Chairman

Yukihiro Tachifuji

TITLE
President

Naoki Okawa

TITLE
Managing Executive Officer

Junji Harada

TITLE
Senior Managing Executive Officer & Director

Nobuhiro Sato

TITLE
Managing Executive Officer & Director

Kanji Morioka

TITLE
Senior Managing Executive Officer & Director
AGE
59

Kazuyoshi Ando

TITLE
Managing Executive Officer

Masaki Shuto

TITLE
Managing Executive Officer

Aiko Takehara

TITLE
Outside Director
AGE
67

Yoshihiro Kataoka

TITLE
Outside Director
AGE
65
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Mitsubishi Paper Mills's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mitsubishi Paper Mills has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Mitsubishi Paper Mills Limited, together with its subsidiaries, produces, processes, and sells paper, pulp, and photosensitive materials in Japan, Europe, rest of Asia, North America, and internationally. The company operates in four segments: Paper and Pulp, Imaging Media, Speciality Materials, and Warehouse and Transportation. It offers writing and printing papers, photo-sensitive printing plates, inkjet papers, photographic materials, direct platemaking systems and graphic arts film materials, inkjet media, rewritable thermal recording materials, battery separators, air filters, production inkjet papers, electronic materials, silver nano particle inks, SF films, dye sensitized solar cells, and functional papers. The company also provides warehousing and carrying services; thermal engineering, heat management, and cooling solutions; Mydome, a thick nonwoven fabric; and SaiVis, a screen film. In addition, it is involved in engineering business. The company was formerly known as Mitsubishi Paper Mills Company and changed its name to Mitsubishi Paper Mills Limited in November 1917. Mitsubishi Paper Mills Limited was founded in 1898 and is headquartered in Tokyo, Japan.

Details
Name: Mitsubishi Paper Mills Limited
MPX
Exchange: DB
Founded: 1898
¥175,372,911
44,660,425
Website: http://www.mpm.co.jp
Address: Mitsubishi Paper Mills Limited
2-10-14, Ryogoku,
Sumida-ku,
Tokyo,
130-0026,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3864 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB MPX Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,668
Mitsubishi Paper Mills employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 20:38
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/06
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.