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Mitsubishi

TSE:8058
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8058
TSE
¥4,371B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Mitsubishi Corporation operates in industrial finance, energy, metals, machinery, chemicals, and daily living essentials worldwide. The last earnings update was 29 days ago. More info.


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8058 Share Price and Events
7 Day Returns
0.3%
TSE:8058
-0.2%
JP Trade Distributors
-0.4%
JP Market
1 Year Returns
-4.7%
TSE:8058
1.8%
JP Trade Distributors
4.3%
JP Market
8058 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitsubishi (8058) 0.3% 5.6% 7% -4.7% 10.4% 33.1%
JP Trade Distributors -0.2% 4.1% 11.6% 1.8% 24.8% 40.7%
JP Market -0.4% 2.4% 10.8% 4.3% 16.2% 24.8%
1 Year Return vs Industry and Market
  • 8058 underperformed the Trade Distributors industry which returned 1.8% over the past year.
  • 8058 underperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
8058
Industry
5yr Volatility vs Market
Related Companies

8058 Value

 Is Mitsubishi 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 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.

TSE:8058 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

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 TSE:8058
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 30.86%) (152.77%))
1.62
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.62 * 6.33%)
10.16%

Discounted Cash Flow Calculation for TSE:8058 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mitsubishi 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.

TSE:8058 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.16%)
2020 444,375.00 Analyst x4 403,375.82
2021 420,820.00 Analyst x5 346,750.31
2022 349,540.00 Analyst x5 261,443.35
2023 429,000.00 Analyst x1 291,271.68
2024 446,000.00 Analyst x1 274,875.52
2025 457,016.42 Est @ 2.47% 255,677.94
2026 464,795.00 Est @ 1.7% 236,038.66
2027 470,207.19 Est @ 1.16% 216,756.03
2028 473,912.87 Est @ 0.79% 198,308.21
2029 476,399.34 Est @ 0.52% 180,956.24
Present value of next 10 years cash flows ¥2,665,453.00
TSE:8058 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥476,399.34 × (1 + -0.09%) ÷ (10.16% – -0.09%)
¥4,641,796.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥4,641,796.96 ÷ (1 + 10.16%)10
¥1,763,147.15
TSE:8058 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥2,665,453.00 + ¥1,763,147.15
¥4,428,600.15
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥4,428,600.15 / 1,510.25
¥2932.37
TSE:8058 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥2,932.37
Current discount Discount to share price of ¥2,894.50
= -1 x (¥2,894.50 - ¥2,932.37) / ¥2,932.37
1.3%

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

Current Discount
Amount off the current price Mitsubishi is available for.
Intrinsic value
1%
Share price is ¥2894.5 vs Future cash flow value of ¥2932.37
Current Discount Checks
For Mitsubishi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mitsubishi's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mitsubishi's share price is below the future cash flow value, but not 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's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitsubishi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8058 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥332.51
TSE:8058 Share Price ** TSE (2019-12-04) in JPY ¥2894.5
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.69x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.45x

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

** Primary Listing of Mitsubishi.

TSE:8058 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8058 Share Price ÷ EPS (both in JPY)

= 2894.5 ÷ 332.51

8.7x

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

  • Mitsubishi is good value based on earnings compared to the JP Trade Distributors industry average.
  • Mitsubishi is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Mitsubishi's expected growth come at a high price?
Raw Data
TSE:8058 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
4.4%per year
Japan Trade Distributors Industry PEG Ratio Median Figure of 22 Publicly-Listed Trade Distributors Companies 1.96x
Japan Market PEG Ratio Median Figure of 1,368 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

TSE:8058 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.7x ÷ 4.4%

2x

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

  • Mitsubishi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mitsubishi's assets?
Raw Data
TSE:8058 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥3,551.53
TSE:8058 Share Price * TSE (2019-12-04) in JPY ¥2894.5
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.12x
TSE:8058 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8058 Share Price ÷ Book Value per Share (both in JPY)

= 2894.5 ÷ 3,551.53

0.82x

* Primary Listing of Mitsubishi.

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

  • Mitsubishi is overvalued based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess Mitsubishi'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Mitsubishi has a total score of 2/6, 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.

8058 Future Performance

 How is Mitsubishi expected to perform in the next 1 to 3 years based on estimates from 7 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
4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitsubishi expected to grow at an attractive rate?
  • Mitsubishi's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Mitsubishi's earnings growth is positive but not above the Japan market average.
  • Mitsubishi's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:8058 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:8058 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 4.4%
TSE:8058 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 0.8%
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
TSE:8058 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:8058 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 16,579,200 1,046,000 591,000 1
2023-03-31 16,334,200 1,029,000 573,000 1
2022-03-31 16,407,055 898,577 585,488 6
2021-03-31 15,951,131 947,847 550,963 6
2020-03-31 16,160,338 1,034,897 514,500 5
2019-12-05
TSE:8058 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 15,884,407 726,334 523,787
2019-06-30 16,169,614 749,155 547,623
2019-03-31 16,103,763 652,681 590,737
2018-12-31 14,071,701 715,376 586,179
2018-09-30 11,853,556 623,946 615,484
2018-06-30 9,646,151 638,635 646,714
2018-03-31 7,567,394 742,482 560,173
2017-12-31 7,420,710 735,045 484,929
2017-09-30 7,150,227 833,209 514,467
2017-06-30 6,694,686 807,891 457,261
2017-03-31 6,425,761 583,004 440,293
2016-12-31 6,198,525 652,632 -17,842

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mitsubishi's earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
  • Mitsubishi's revenue is expected to grow by 0.8% 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
TSE:8058 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Mitsubishi Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8058 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 399.20 399.20 399.20 1.00
2023-03-31 387.00 387.00 387.00 1.00
2022-03-31 396.76 441.45 363.20 8.00
2021-03-31 372.21 416.20 336.30 8.00
2020-03-31 340.41 352.41 334.42 6.00
2019-12-05
TSE:8058 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 332.51
2019-06-30 345.40
2019-03-31 372.39
2018-12-31 369.57
2018-09-30 388.09
2018-06-30 407.82
2018-03-31 353.27
2017-12-31 305.85
2017-09-30 324.50
2017-06-30 288.45
2017-03-31 277.79
2016-12-31 -11.26

*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 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mitsubishi'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 Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan 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 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.

8058 Past Performance

  How has Mitsubishi 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's growth in the last year to its industry (Trade Distributors).
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 has delivered over 20% year on year earnings growth in the past 5 years.
  • Mitsubishi's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mitsubishi's 1-year earnings growth is negative, it can't be compared to the JP Trade Distributors industry average.
Earnings and Revenue History
Mitsubishi'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 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8058 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 15,884,407.00 523,787.00 1,422,490.00
2019-06-30 16,169,614.00 547,623.00 1,415,440.00
2019-03-31 16,103,763.00 590,737.00 1,403,322.00
2018-12-31 14,071,701.00 586,179.00 1,411,006.00
2018-09-30 11,853,556.00 615,484.00 1,402,769.00
2018-06-30 9,646,151.00 646,714.00 1,391,623.00
2018-03-31 7,567,394.00 560,173.00 1,387,266.00
2017-12-31 7,420,710.00 484,929.00 1,271,164.00
2017-09-30 7,150,227.00 514,467.00 1,153,557.00
2017-06-30 6,694,686.00 457,261.00 1,046,657.00
2017-03-31 6,425,761.00 440,293.00 932,607.00
2016-12-31 6,198,525.00 -17,842.00 948,604.00
2016-09-30 6,252,924.00 -124,494.00 963,388.00
2016-06-30 6,633,320.00 -123,505.00 982,905.00
2016-03-31 6,925,582.00 -149,395.00 1,015,968.00
2015-12-31 7,241,445.00 325,238.00 1,018,382.00
2015-09-30 7,470,731.00 300,443.00 1,026,047.00
2015-06-30 7,595,065.00 365,471.00 1,018,774.00
2015-03-31 7,669,489.00 400,574.00 998,751.00
2014-12-31 7,753,882.00 342,211.00 990,188.00
2014-09-30 7,739,122.00 394,538.00 978,101.00
2014-06-30 7,641,839.00 338,999.00 963,937.00
2014-03-31 7,635,168.00 361,359.00 952,898.00
2013-12-31 7,379,272.00 374,320.00 924,539.00
2013-09-30 6,853,685.00 417,985.00 922,063.00
2013-06-30 6,460,882.00 375,360.00 902,034.00
2013-03-31 6,009,887.00 323,457.00 885,912.00
2012-12-31 5,798,063.00 367,258.00 876,758.00

*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 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mitsubishi used its assets less efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
  • Mitsubishi has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mitsubishi'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 Trade Distributors 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 has a total score of 2/6, 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.

8058 Health

 How is Mitsubishi'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's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitsubishi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mitsubishi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mitsubishi'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 covered by short term assets, assets are 1.3x 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 Mitsubishi Company Filings, last reported 2 months ago.

TSE:8058 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 6,358,790.00 5,178,517.00 1,543,391.00
2019-06-30 6,440,292.00 5,262,007.00 1,542,561.00
2019-03-31 6,636,920.00 5,092,099.00 1,378,054.00
2018-12-31 6,480,975.00 5,288,755.00 1,670,829.00
2018-09-30 6,608,727.00 5,085,023.00 1,446,213.00
2018-06-30 6,357,583.00 4,990,221.00 1,358,746.00
2018-03-31 6,265,211.00 4,954,395.00 1,252,647.00
2017-12-31 6,326,921.00 5,176,021.00 1,431,544.00
2017-09-30 6,169,248.00 5,069,960.00 1,381,651.00
2017-06-30 5,904,467.00 5,237,023.00 1,399,795.00
2017-03-31 5,789,011.00 5,383,911.00 1,417,522.00
2016-12-31 5,096,989.00 5,625,698.00 1,842,861.00
2016-09-30 4,578,255.00 5,569,121.00 1,674,406.00
2016-06-30 4,645,623.00 5,798,785.00 1,757,064.00
2016-03-31 5,017,522.00 6,042,606.00 1,758,204.00
2015-12-31 5,810,684.00 6,361,347.00 1,788,272.00
2015-09-30 5,831,430.00 6,437,985.00 1,708,614.00
2015-06-30 6,078,951.00 6,552,283.00 1,825,054.00
2015-03-31 6,055,555.00 6,348,993.00 2,114,566.00
2014-12-31 5,955,341.00 6,537,019.00 1,715,174.00
2014-09-30 5,780,264.00 6,193,677.00 1,744,766.00
2014-06-30 5,483,384.00 6,253,315.00 1,624,465.00
2014-03-31 5,539,370.00 6,075,835.00 1,621,350.00
2013-12-31 5,036,476.00 6,112,850.00 1,468,652.00
2013-09-30 4,833,578.00 6,017,483.00 1,493,349.00
2013-06-30 4,680,826.00 6,012,459.00 1,522,359.00
2013-03-31 4,931,775.00 5,889,642.00 1,616,567.00
2012-12-31 4,124,904.00 5,598,672.00 1,456,443.00
  • Mitsubishi's level of debt (81.4%) 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 (106.2% vs 81.4% today).
  • Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
  • Mitsubishi earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Mitsubishi'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 has a total score of 4/6, 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.

8058 Dividends

 What is Mitsubishi'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
4.7%
Current annual income from Mitsubishi dividends. Estimated to be 4.73% next year.
If you bought ¥2,000 of Mitsubishi shares you are expected to receive ¥94 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's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Mitsubishi's dividend is above the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment

Purchase Mitsubishi before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
TSE:8058 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 7 Analyst Estimates (S&P Global) See Below
Japan Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 106 Stocks 3.8%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2972 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

TSE:8058 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 150.00 1.00
2023-03-31 145.00 1.00
2022-03-31 140.25 8.00
2021-03-31 134.75 8.00
2020-03-31 132.00 6.00
2019-12-05
TSE:8058 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-06 136.000 4.751
2019-06-21 125.000 4.549
2019-05-09 125.000 4.339
2019-02-05 125.000 4.006
2018-11-02 125.000 4.060
2018-08-02 115.000 3.510
2018-06-22 115.000 3.698
2018-05-08 115.000 3.660
2018-02-05 100.000 3.399
2017-11-07 95.000 3.171
2017-05-09 80.000 3.268
2017-02-02 80.000 3.235
2016-11-04 60.000 2.387
2016-06-27 60.000 2.894
2016-05-10 60.000 3.228
2016-02-02 50.000 2.648
2015-11-05 50.000 2.519
2015-08-04 56.000 2.544
2015-06-19 56.000 2.087
2015-05-08 56.000 2.032
2015-02-04 60.000 2.485
2014-11-07 60.000 2.763
2014-06-30 60.000 2.787
2014-05-08 60.000 2.941
2014-02-04 68.000 3.580
2013-08-02 60.000 3.065
2013-05-08 55.000 3.040
2013-02-01 50.000 2.753
2012-11-02 50.000 3.084
2012-08-02 70.000 4.786
2012-05-10 70.000 4.465
2012-01-31 65.000 3.495
2011-11-01 65.000 4.098
2011-07-29 65.000 3.828
2011-06-24 65.000 3.164
2011-05-10 65.000 3.233
2011-02-14 52.000 2.327
2011-01-31 60.000 2.565
2010-11-15 52.000 2.333
2010-10-29 56.000 2.728
2010-07-30 52.000 2.695
2010-06-24 52.000 2.728
2010-05-07 52.000 2.615
2009-10-15 34.000 1.538
2009-08-03 34.000 1.795
2009-05-08 34.000 1.921
2009-02-16 52.000 3.874
2009-01-30 52.000 4.026

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Mitsubishi's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x 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 Mitsubishi'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 Mitsubishi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitsubishi has a total score of 4/6, see the detailed checks below.


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

8058 Management

 What is the CEO of Mitsubishi'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
Takehiko Kakiuchi
COMPENSATION ¥262,000,000
AGE 64
TENURE AS CEO 3.7 years
CEO Bio

Mr. Takehiko Kakiuchi has been the Chief Executive Officer and President of Mitsubishi Corporation since April 1, 2016. Mr. Kakiuchi served as an Executive Vice President and Group Chief Executive Officer at Living Essentials Group at Mitsubishi Corporation from June 21, 2013 to April 1, 2016. Mr. Kakiuchi served as the Division Chief Operating Officer of Foods Commodity Division and General Manager of Living Essentials Group CEO Office at Mitsubishi Corporation since 2011 until June 21, 2013 and also served as its Senior Vice President since 2010. Mr. Kakiuchi served as General Manager of Agriculture and Fishery Headquarters of Mitsubishi Corporation since April 2008. He served as Chief Life and Industry Group Chief Executive Officer Office of Mitsubishi Corporation since April 2006. He served as an Examiner of Chief Executive Officer Office and Planning Business Affairs and Business Investment Life and Industry Group since April 2004. He served as an Unit Manager of White Meat and Unit Manager of Red Meat Unit Food Headquarters since April 2001. He joined Mitsubishi Corporation in April 1979. He has been a Representative Director at Mitsubishi Corporation since June 2016. He is the Member of International Advisory Committee at Mitsubishi Corporation. Mr. Kakiuchi served as an Outside Director of Lawson Inc. since 2005. He served as an Outside Director of Mitsubishi Shokuhin Co., Ltd. until April 1, 2016. He served as a Director Kentucky Fried Chicken Japan, Ltd., since February 2005 and Nisshin Oillio Group Ltd. He served as a Director at Maruichi Co. Ltd. since June 2009.

CEO Compensation
  • Insufficient data for Takehiko to compare compensation growth.
  • Takehiko's remuneration is lower than average for companies of similar size in Japan.
Management Team Tenure

Average tenure and age of the Mitsubishi management team in years:

3.7
Average Tenure
61
Average Age
  • The tenure for the Mitsubishi management team is about average.
Management Team

Takehiko Kakiuchi

TITLE
CEO, President & Representative Director
COMPENSATION
¥262M
AGE
64
TENURE
3.7 yrs

Kazuyuki Masu

TITLE
Executive VP
AGE
60
TENURE
3.7 yrs

Yuzo Nouchi

TITLE
Senior VP & GM of Corporate Accounting Department
TENURE
1.8 yrs

Masakazu Sakakida

TITLE
Chief Compliance Officer
AGE
61
TENURE
2.9 yrs

Hiroshi Takehisa

TITLE
General Manager of Investor Relations Department

Akira Murakoshi

TITLE
EVP, Corp. Functional Officer of Corp. Communications & HR and Director
AGE
61
TENURE
2.7 yrs

Yoshinori Katayama

TITLE
Senior VP and GM of Global Strategy & Regional Management Dept.

Kanji Nishiura

TITLE
EVP, Corp. Func
AGE
61
TENURE
10.9 yrs

Kenji Yasuno

TITLE
Senior Vice President and Division Chief Operating Officer of Ship & Aerospace Division
TENURE
8.7 yrs

Hidemoto Mizuhara

TITLE
EVP and President of Mitsubishi Corporation of Americas & GM of Corporate Mgt. Support Office
TENURE
8.7 yrs
Board of Directors Tenure

Average tenure and age of the Mitsubishi board of directors in years:

2.5
Average Tenure
61
Average Age
  • The average tenure for the Mitsubishi board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ken Kobayashi

TITLE
Chairman of the Board & Chairman of International Advisory Committee
COMPENSATION
¥207M
AGE
70
TENURE
3.7 yrs

Takehiko Kakiuchi

TITLE
CEO, President & Representative Director
COMPENSATION
¥262M
AGE
64
TENURE
3.5 yrs

Kazuyuki Masu

TITLE
Executive VP
AGE
60
TENURE
3.5 yrs

Masakazu Sakakida

TITLE
Chief Compliance Officer
AGE
61
TENURE
2.5 yrs

Akira Murakoshi

TITLE
EVP, Corp. Functional Officer of Corp. Communications & HR and Director
AGE
61
TENURE
2.5 yrs

Kanji Nishiura

TITLE
EVP, Corp. Func
AGE
61
TENURE
1.5 yrs

Shinya Yoshida

TITLE
EVP, Corp. Functional Officer of Regional Strategy of Japan
AGE
59
TENURE
0.5 yrs

Hidenori Takaoka

TITLE
Executive VP
AGE
58
TENURE
0.5 yrs

Shuma Uchino

TITLE
Full-Time Senior Audit & Supervisory Board Member
AGE
65
TENURE
1.5 yrs

Ratan Tata

TITLE
Member of International Advisory Committee
AGE
82
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'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 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.

8058 News

Simply Wall St News

8058 Company Info

Description

Mitsubishi Corporation operates in industrial finance, energy, metals, machinery, chemicals, and daily living essentials worldwide. The company’s Global Environmental & Infrastructure Business segment conducts environmental and infrastructure projects, related trading operations, and other activities in power generation, water, transportation, and other fields. This segment also manufactures and sells lithium-ion batteries for electric vehicles. Its Industrial Finance, Logistics & Development segment offers corporate investment, leasing, real estate/urban development, and logistics services. The company’s Energy Business segment explores, develops, and produces oil and natural gas; invests in natural gas liquefaction projects; trades in crude oil, petroleum products, carbon materials and products, liquefied natural gas, and liquefied petroleum gas; and plans and develops new energy business. Its Metals segment invests in, develops, and trades in steel sheets and thick plates; steel raw materials, including coking coal and iron ore; and non-ferrous raw materials and products, such as copper and aluminum. The company’s Machinery segment invests in, finances, and trades in machine tools, agricultural machinery, construction machinery, mining machinery, elevators, escalators, ships, aerospace-related equipment, and motor vehicles. Its Chemicals segment invests in, develops, and trades in basic materials comprising ethylene, methanol, and salt produced from crude oil, natural gas, minerals, plants, marine resources, and others, as well as plastics, electronic materials, food ingredients, fertilizers, and fine chemicals. The company’s Living Essentials segment provides products and services, as well as develops businesses and invests in various fields consisting of food products and food, apparel, everyday products, healthcare, distribution, and retail. Mitsubishi Corporation was founded in 1950 and is headquartered in Tokyo, Japan.

Details
Name: Mitsubishi Corporation
8058
Exchange: TSE
Founded: 1950
¥4,371,413,849,075
1,510,248,350
Website: http://www.mitsubishicorp.com
Address: Mitsubishi Corporation
Mitsubishi Shoji Building,
3-1, Marunouchi 2-Chome,
Tokyo,
100-8086,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8058 Common Stock The Tokyo Stock Exchange JP JPY 02. Jan 1992
OTCPK MSBH.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB MBI Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0Q0J Common Stock London Stock Exchange GB EUR 02. Jan 1992
OTCPK MSBH.Y SPONSORED ADR Pink Sheets LLC US USD 19. Sep 1997
Number of employees
Current staff
Staff numbers
77,476
Mitsubishi employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 15:05
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/12/04
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
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.