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Mitsui O.S.K. Lines

DB:MILA
Snowflake Description

Fair value unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MILA
DB
¥346B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Mitsui O.S.K. Lines, Ltd. provides ocean shipping services in Japan, North America, Europe, Asia, and internationally. The last earnings update was 64 days ago. More info.


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MILA Share Price and Events
7 Day Returns
4.3%
DB:MILA
4.1%
Europe Shipping
2.5%
DE Market
1 Year Returns
2.4%
DB:MILA
6.2%
Europe Shipping
2.6%
DE Market
MILA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitsui O.S.K. Lines (MILA) 4.3% -0.4% 12.2% 2.4% 12.7% 6.6%
Europe Shipping 4.1% -1.8% 9.8% 6.2% 6.6% -14.6%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • MILA underperformed the Shipping industry which returned 6.2% over the past year.
  • MILA matched the Germany Market (2.6%) over the past year.
Price Volatility
MILA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Mitsui O.S.K. Lines 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 Mitsui O.S.K. Lines 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 Mitsui O.S.K. Lines.

DB:MILA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.5%
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:MILA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 30.86%) (314.23%))
1.888
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.888 * 5.96%)
11.48%

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

The calculations below outline how an intrinsic value for Mitsui O.S.K. Lines 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:MILA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 11.48%)
2020 -21,368.00 Analyst x2 -19,167.14
2021 4,171.33 Analyst x3 3,356.31
2022 10,540.67 Analyst x3 7,607.61
2023 16,429.06 Est @ 55.86% 10,636.20
2024 22,864.80 Est @ 39.17% 13,278.06
2025 29,150.21 Est @ 27.49% 15,184.56
2026 34,779.41 Est @ 19.31% 16,250.86
2027 39,504.58 Est @ 13.59% 16,557.51
2028 43,288.59 Est @ 9.58% 16,274.75
2029 46,220.73 Est @ 6.77% 15,587.31
Present value of next 10 years cash flows ¥95,566.00
DB:MILA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥46,220.73 × (1 + 0.23%) ÷ (11.48% – 0.23%)
¥411,624.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥411,624.34 ÷ (1 + 11.48%)10
¥138,814.70
DB:MILA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥95,566.00 + ¥138,814.70
¥234,380.70
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥234,380.70 / 119.59
¥1959.8
DB:MILA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MILA represents 0.0083x of TSE:9104
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0083x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,959.80 x 0.0083
€16.28
Value per share (EUR) From above. €16.28
Current discount Discount to share price of €24.00
= -1 x (€24.00 - €16.28) / €16.28
-47.5%

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

  • The current share price of Mitsui O.S.K. Lines is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Mitsui O.S.K. Lines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitsui O.S.K. Lines's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MILA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in JPY ¥341.41
TSE:9104 Share Price ** TSE (2019-10-11) in JPY ¥2890
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
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 Mitsui O.S.K. Lines.

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

= TSE:9104 Share Price ÷ EPS (both in JPY)

= 2890 ÷ 341.41

8.46x

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

  • Mitsui O.S.K. Lines is good value based on earnings compared to the Europe Shipping industry average.
  • Mitsui O.S.K. Lines is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Mitsui O.S.K. Lines's expected growth come at a high price?
Raw Data
DB:MILA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
3.8%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.46x ÷ 3.8%

2.2x

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

  • Mitsui O.S.K. Lines is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mitsui O.S.K. Lines's assets?
Raw Data
DB:MILA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in JPY ¥4,300.87
TSE:9104 Share Price * TSE (2019-10-11) in JPY ¥2890
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:MILA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9104 Share Price ÷ Book Value per Share (both in JPY)

= 2890 ÷ 4,300.87

0.67x

* Primary Listing of Mitsui O.S.K. Lines.

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

  • Mitsui O.S.K. Lines is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Mitsui O.S.K. Lines'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. Mitsui O.S.K. Lines has a total score of 3/6, 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 Mitsui O.S.K. Lines expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitsui O.S.K. Lines expected to grow at an attractive rate?
  • Mitsui O.S.K. Lines's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Mitsui O.S.K. Lines's earnings growth is positive but not above the Germany market average.
  • Mitsui O.S.K. Lines's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MILA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MILA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 3.8%
DB:MILA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.3%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 22.3%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:MILA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MILA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 1,190,965 119,581 44,682 8
2021-03-31 1,189,984 114,129 41,616 9
2020-03-31 1,177,537 105,081 41,192 9
2019-10-12
DB:MILA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-06-30 1,212,790 40,830
2019-03-31 1,234,077 55,248 26,875
2018-12-31 1,354,958 -56,514
2018-09-30 1,453,387 36,002 -54,778
2018-06-30 1,553,543 -54,313
2018-03-31 1,652,393 98,380 -47,380
2017-12-31 1,662,594 98,611 15,460
2017-09-30 1,609,714 68,408 2,322
2017-06-30 1,547,578 41,066 9,107
2017-03-31 1,504,373 17,623 5,257
2016-12-31 1,476,529 115,025 -164,716
2016-09-30 1,521,099 160,456 -154,149

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mitsui O.S.K. Lines's earnings are expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
  • Mitsui O.S.K. Lines's revenue is expected to grow by 0.3% 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:MILA 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 9 Analyst Estimates (S&P Global) See Below

All data from Mitsui O.S.K. Lines Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MILA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 370.94 478.75 284.36 8.00
2021-03-31 345.06 408.86 276.27 9.00
2020-03-31 342.27 390.97 286.78 8.00
2019-10-12
DB:MILA Past Financials Data
Date (Data in JPY Millions) EPS *
2019-06-30 341.41
2019-03-31 224.72
2018-12-31 -472.56
2018-09-30 -458.04
2018-06-30 -454.14
2018-03-31 -396.16
2017-12-31 129.26
2017-09-30 19.41
2017-06-30 76.14
2017-03-31 43.95
2016-12-31 -1,377.12
2016-09-30 -1,288.76

*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.
  • Mitsui O.S.K. Lines is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mitsui O.S.K. Lines'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.
Mitsui O.S.K. Lines has a total score of 1/6, 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 Mitsui O.S.K. Lines 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 Mitsui O.S.K. Lines's growth in the last year to its industry (Shipping).
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.
  • Mitsui O.S.K. Lines's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Mitsui O.S.K. Lines has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Mitsui O.S.K. Lines has become profitable in the last year making it difficult to compare the Europe Shipping industry average.
Earnings and Revenue History
Mitsui O.S.K. Lines'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 Mitsui O.S.K. Lines Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MILA 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 1,212,790.00 40,830.00 96,523.00
2019-03-31 1,234,077.00 26,875.00 101,442.00
2018-12-31 1,354,958.00 -56,514.00 108,341.00
2018-09-30 1,453,387.00 -54,778.00 111,676.00
2018-06-30 1,553,543.00 -54,313.00 115,581.00
2018-03-31 1,652,393.00 -47,380.00 115,972.00
2017-12-31 1,662,594.00 15,460.00 119,322.00
2017-09-30 1,609,714.00 2,322.00 117,023.00
2017-06-30 1,547,578.00 9,107.00 114,054.00
2017-03-31 1,504,373.00 5,257.00 113,551.00
2016-12-31 1,476,529.00 -164,716.00 110,310.00
2016-09-30 1,521,099.00 -154,149.00 111,138.00
2016-06-30 1,622,867.00 -181,830.00 114,648.00
2016-03-31 1,712,223.00 -170,448.00 115,330.00
2015-12-31 1,789,297.00 30,765.00 119,208.00
2015-09-30 1,831,595.00 30,595.00 119,935.00
2015-06-30 1,822,591.00 46,627.00 116,918.00
2015-03-31 1,817,070.00 42,356.00 116,025.00
2014-12-31 1,799,049.00 52,763.00 110,734.00
2014-09-30 1,774,435.00 47,774.00 106,691.00
2014-06-30 1,761,441.00 52,964.00 104,788.00
2014-03-31 1,729,452.00 57,393.00 100,458.00
2013-12-31 1,665,013.00 -90,618.00 99,699.00
2013-09-30 1,597,401.00 -144,625.00 97,642.00
2013-06-30 1,542,268.00 -160,885.00 94,307.00
2013-03-31 1,509,194.00 -178,846.00 92,946.00
2012-12-31 1,481,039.00 -59,581.00 87,588.00

*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.
  • Mitsui O.S.K. Lines has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mitsui O.S.K. Lines used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • Mitsui O.S.K. Lines has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Mitsui O.S.K. Lines'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 Shipping 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.
Mitsui O.S.K. Lines 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 Mitsui O.S.K. Lines'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 Mitsui O.S.K. Lines's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitsui O.S.K. Lines's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mitsui O.S.K. Lines's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mitsui O.S.K. Lines'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 0.3x 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 Mitsui O.S.K. Lines Company Filings, last reported 3 months ago.

DB:MILA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 639,822.00 1,070,976.00 88,288.00
2019-03-31 651,605.00 1,090,114.00 125,005.00
2018-12-31 661,688.00 1,112,757.00 138,238.00
2018-09-30 653,534.00 1,190,185.00 117,346.00
2018-06-30 619,335.00 1,142,834.00 134,985.00
2018-03-31 628,043.00 1,100,103.00 193,297.00
2017-12-31 714,059.00 1,096,870.00 156,108.00
2017-09-30 687,222.00 1,048,015.00 142,773.00
2017-06-30 679,361.00 1,084,697.00 187,344.00
2017-03-31 683,620.00 1,101,913.00 189,945.00
2016-12-31 629,443.00 1,103,729.00 251,358.00
2016-09-30 603,684.00 1,047,290.00 238,850.00
2016-06-30 619,006.00 1,081,641.00 236,560.00
2016-03-31 646,925.00 1,021,933.00 159,450.00
2015-12-31 855,715.00 1,139,012.00 142,211.00
2015-09-30 873,899.00 1,129,138.00 121,058.00
2015-06-30 890,519.00 1,147,774.00 141,237.00
2015-03-31 892,435.00 1,158,406.00 128,802.00
2014-12-31 825,657.00 1,149,637.00 154,585.00
2014-09-30 780,847.00 1,081,744.00 155,460.00
2014-06-30 773,577.00 1,117,898.00 215,954.00
2014-03-31 783,548.00 1,070,726.00 181,148.00
2013-12-31 726,854.00 1,043,902.00 139,524.00
2013-09-30 694,238.00 1,045,075.00 163,129.00
2013-06-30 663,094.00 1,039,036.00 131,270.00
2013-03-31 619,492.00 1,026,273.00 186,718.00
2012-12-31 672,723.00 968,667.00 146,946.00
  • Mitsui O.S.K. Lines's level of debt (167.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (144.4% vs 167.4% today).
  • Debt is not well covered by operating cash flow (5.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
X
Financial health checks
We assess Mitsui O.S.K. Lines'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. Mitsui O.S.K. Lines has a total score of 1/6, 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 Mitsui O.S.K. Lines'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
1.73%
Current annual income from Mitsui O.S.K. Lines dividends. Estimated to be 2.39% next year.
If you bought €2,000 of Mitsui O.S.K. Lines shares you are expected to receive €35 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?
  • Mitsui O.S.K. Lines's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Mitsui O.S.K. Lines'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:MILA 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 9 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:MILA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 76.25 8.00
2021-03-31 67.44 9.00
2020-03-31 64.22 9.00
2019-10-12
DB:MILA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-26 50.000 1.938
2019-02-08 40.000 1.552
2019-01-31 40.000 1.519
2018-11-09 40.000 1.555
2018-10-31 40.000 1.445
2018-07-31 50.000 1.683
2018-06-25 20.000 0.748
2018-02-13 20.000 0.643
2018-01-31 20.000 0.550
2017-11-13 20.000 0.532
2017-10-31 20.000 0.548
2017-06-27 20.000 0.586
2017-04-28 20.000 0.613
2017-02-14 20.000 0.562
2017-01-31 20.000 0.569
2016-07-29 40.000 1.493
2016-06-21 40.000 1.823
2016-04-28 40.000 1.696
2016-01-29 50.000 2.166
2015-10-30 50.000 1.692
2015-06-23 70.000 2.001
2015-04-30 70.000 1.704
2015-02-13 60.000 1.421
2015-01-30 60.000 1.474
2014-11-14 60.000 1.625
2014-10-31 60.000 1.732
2014-06-24 60.000 1.660
2014-04-30 60.000 1.624
2014-02-14 40.000 1.019
2014-01-31 60.000 1.476
2013-11-14 60.000 1.336
2013-10-31 60.000 1.456
2013-08-14 0.000 0.000
2013-07-31 0.000 0.000
2013-06-21 0.000 0.000
2013-04-30 0.000 0.000
2013-02-14 0.000 0.000
2013-01-31 0.000 0.000
2012-11-14 0.000 0.000
2012-10-31 0.000 0.000
2012-04-27 50.000 2.191
2012-02-14 50.000 1.433
2012-01-31 50.000 1.543
2011-10-31 50.000 1.852
2011-07-29 50.000 1.568
2011-06-23 50.000 1.183
2011-04-28 50.000 1.171
2011-02-14 100.000 2.029
2011-01-31 100.000 1.838
2010-11-15 100.000 1.770
2010-10-29 100.000 1.868
2010-07-29 100.000 1.824
2010-07-23 100.000 1.680
2010-06-22 100.000 1.689
2010-04-27 100.000 1.554
2009-11-13 0.000 0.000
2009-10-27 0.000 0.000
2009-06-23 310.000 5.396
2009-04-27 310.000 4.833
2009-01-30 310.000 5.792
2009-01-15 310.000 5.580
2008-10-27 310.000 6.101

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 Mitsui O.S.K. Lines's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.6x 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 Mitsui O.S.K. Lines's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Mitsui O.S.K. Lines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitsui O.S.K. Lines has a total score of 2/6, 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 Mitsui O.S.K. Lines'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
Junichiro Ikeda
AGE 63
TENURE AS CEO 4.3 years
CEO Bio

Mr. Junichiro Ikeda has been Chief Executive Officer at Mitsui O.S.K. Lines, Ltd. since June 2015 and has been its President since June 23, 2015. Mr. Ikeda has been an Executive Officer of Mitsui O.S.K Lines, Co., Ltd. since June 2008. He served as a Senior Managing Executive Officer at Mitsui O.S.K. Lines, Ltd. from June 2013 to June 23, 2015 and also served as its Managing Executive Officer of General Affairs Division and Group Business Division, Kansai Area. He served as Senior Managing Executive Officer of Car Carriers at Mitsui O.S.K. Lines, Ltd. He joined Mitsui O.S.K Lines, Co., Ltd. in April 1979. He served as Sales Planning Division Project Group Leader and IR Department Manager Representative at Mitsui O.S.K Lines, Co., Ltd. since October 2002. He served as Personnel Department Manager at Mitsui O.S.K Lines, Co., Ltd. since June 2004. He has been a Representative Director at Mitsui O.S.K. Lines, Ltd. since June 2013. He served as a Director of Utoc Corporation since June 2008. He served as a Director of Mitsui O.S.K Lines, Co., Ltd. since June 2007. Mr. Ikeda serves as Deputy Chairman of The Japan Ship Owners’ Mutual Protection & Indemnity Association.

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

Average tenure and age of the Mitsui O.S.K. Lines management team in years:

3.5
Average Tenure
62
Average Age
  • The tenure for the Mitsui O.S.K. Lines management team is about average.
Management Team

Junichiro Ikeda

TITLE
CEO, President & Representative Director
AGE
63
TENURE
4.3 yrs

Takashi Maruyama

TITLE
Senior Managing Officer

Yoshikazu Kawagoe

TITLE
Senior Managing Executive Officer
TENURE
1.8 yrs

Shizuo Takahashi

TITLE
Executive VP
AGE
60
TENURE
3.5 yrs

Kayo Ichikawa

TITLE
Chief Communication Officer & Executive Officer
TENURE
1.8 yrs

Tsuneo Watanabe

TITLE
Executive Officer & Deputy Director General of Energy Transport Business Unit
TENURE
8.3 yrs

Toshiaki Tanaka

TITLE
Managing Executive Officer & Director General of Dry Bulk Business Unit

Takeshi Hashimoto

TITLE
Executive VP
AGE
62
TENURE
3.5 yrs

Akihiko Ono

TITLE
Sr. Managing Executive Officer

Koichi Yashima

TITLE
Senior Managing Executive Officer
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Mitsui O.S.K. Lines board of directors in years:

3.3
Average Tenure
63
Average Age
  • The tenure for the Mitsui O.S.K. Lines board of directors is about average.
Board of Directors

Junichiro Ikeda

TITLE
CEO, President & Representative Director
AGE
63
TENURE
6.3 yrs

Takashi Maruyama

TITLE
Senior Managing Officer
TENURE
2.3 yrs

Shizuo Takahashi

TITLE
Executive VP
AGE
60
TENURE
5.3 yrs

Takeshi Hashimoto

TITLE
Executive VP
AGE
62
TENURE
4.3 yrs

Akihiko Ono

TITLE
Sr. Managing Executive Officer
TENURE
1.3 yrs

Hideto Fujii

TITLE
Outside Director
TENURE
3.3 yrs

Etsuko Katsu

TITLE
Outside Director
TENURE
3.3 yrs

Ken Onishi

TITLE
Outside Director
AGE
64
TENURE
0.8 yrs

Hideki Yamashita

TITLE
Outside Audit & Supervisory Board Member
AGE
78
TENURE
5.3 yrs

Kenji Jitsu

TITLE
Audit & Supervisory Board Member
TENURE
2.3 yrs
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 Mitsui O.S.K. Lines'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. Mitsui O.S.K. Lines 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

Mitsui O.S.K. Lines, Ltd. provides ocean shipping services in Japan, North America, Europe, Asia, and internationally. The company operates through Dry Bulk Business, Energy Transport Business, Product Transport Business, and Associated Businesses. Its fleet consists of dry bulk carriers for the transportation of iron ore, coal, grain, wood, wood chips, cement, fertilizer, and salt; crude oil tankers; product tankers that transport refined petroleum products, such as gas oils, naphtha, and gasoline; chemical tankers that transport liquid chemical products; methanol tankers that transport methanol; and LPG tankers that transport liquefied petroleum gas; and liquefied natural gas (LNG) carriers. The company’s fleet also includes specialized car carriers that transport passenger cars and construction machinery; containerships that transport electric products, automotive parts, clothes, furniture, food products, and other products; streaming coal carriers; and ferries and coastal RoRo ships. It operates 857 vessels, including 337 dry bulkers; 173 tankers; 83 LNG carriers; 7 offshore business vessels; 119 car carriers; 14 ferries and coastal RoRo ships; 91 containerships; and 2 other vessels, as well as a cruise ship. In addition, the company operates container terminals in Japan and internationally; floating storage and regasification units; and floating production, storage, and offloading systems, as well as offers logistics services, such as air and ocean freight forwarding, trucking, warehousing, and heavyweight and oversized cargo transport. Further, it is involved in ocean shipping related businesses comprising tugboat operation, land transport, warehousing, maritime consulting, travel, office building leasing, property management, finance, trading, insurance, ICT systems, temporary staffing, supporting an oil stockpile project, nautical charts, and other businesses. The company was founded in 1884 and is headquartered in Tokyo, Japan.

Details
Name: Mitsui O.S.K. Lines, Ltd.
MILA
Exchange: DB
Founded: 1884
¥2,881,551,834
119,594,124
Website: http://www.mol.co.jp
Address: Mitsui O.S.K. Lines, Ltd.
Shosen Mitsui Building,
1-1, Toranomon 2-Chome,
Tokyo,
105-8688,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9104 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK MSLO.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB MILA Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK MSLO.Y UNSPONSORED ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
8,941
Mitsui O.S.K. Lines employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 21:05
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/26
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.