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Marubeni

OTCPK:MARU.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MARU.F
OTCPK
¥1,378B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Marubeni Corporation engages in various business activities worldwide. The last earnings update was 16 days ago. More info.


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MARU.F Share Price and Events
7 Day Returns
0%
OTCPK:MARU.F
-1.7%
US Trade Distributors
0.9%
US Market
1 Year Returns
-
OTCPK:MARU.F
16.6%
US Trade Distributors
16.8%
US Market
MARU.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marubeni (MARU.F) 0% 0% 0% - - 1.8%
US Trade Distributors -1.7% 5.6% 15.7% 16.6% 28.4% 22.4%
US Market 0.9% 4.5% 6.2% 16.8% 38% 44.1%
1 Year Return vs Industry and Market
  • No trading data on MARU.F.
  • No trading data on MARU.F.
Price Volatility
MARU.F
Industry
5yr Volatility vs Market

MARU.F Value

 Is Marubeni 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 Marubeni 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 Marubeni.

OTCPK:MARU.F 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 13%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:MARU.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.946 (1 + (1- 30.86%) (173.32%))
1.723
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.72
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.723 * 5.96%)
13%

Discounted Cash Flow Calculation for OTCPK:MARU.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Marubeni 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.

OTCPK:MARU.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 13%)
2020 194,000.00 Analyst x1 171,684.57
2021 132,333.33 Analyst x3 103,640.22
2022 114,250.00 Analyst x4 79,185.34
2023 177,000.00 Analyst x1 108,565.39
2024 179,000.00 Analyst x1 97,162.95
2025 181,758.48 Est @ 1.54% 87,311.58
2026 185,207.77 Est @ 1.9% 78,734.65
2027 189,184.95 Est @ 2.15% 71,174.24
2028 193,578.18 Est @ 2.32% 64,449.89
2029 198,310.26 Est @ 2.44% 58,430.62
Present value of next 10 years cash flows ¥920,339.00
OTCPK:MARU.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥198,310.26 × (1 + 2.73%) ÷ (13% – 2.73%)
¥1,984,082.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,984,082.71 ÷ (1 + 13%)10
¥584,594.97
OTCPK:MARU.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥920,339.00 + ¥584,594.97
¥1,504,933.97
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,504,933.97 / 1,735.49
¥867.15
OTCPK:MARU.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:MARU.F represents 0.00802x of TSE:8002
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00802x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 867.15 x 0.00802
$6.95
Value per share (USD) From above. $6.95
Current discount Discount to share price of $6.36
= -1 x ($6.36 - $6.95) / $6.95
8.5%

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

Current Discount
Amount off the current price Marubeni is available for.
Intrinsic value
8%
Share price is $6.36 vs Future cash flow value of $6.95
Current Discount Checks
For Marubeni to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Marubeni's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Marubeni'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 Marubeni's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marubeni's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MARU.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥107.57
TSE:8002 Share Price ** TSE (2019-08-23) in JPY ¥793.8
United States of America Trade Distributors Industry PE Ratio Median Figure of 41 Publicly-Listed Trade Distributors Companies 18.04x
United States of America Market PE Ratio Median Figure of 2,923 Publicly-Listed Companies 18.16x

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

** Primary Listing of Marubeni.

OTCPK:MARU.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8002 Share Price ÷ EPS (both in JPY)

= 793.8 ÷ 107.57

7.38x

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

  • Marubeni is good value based on earnings compared to the US Trade Distributors industry average.
  • Marubeni is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Marubeni's expected growth come at a high price?
Raw Data
OTCPK:MARU.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
3.5%per year
United States of America Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1x
United States of America Market PEG Ratio Median Figure of 2,042 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

OTCPK:MARU.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.38x ÷ 3.5%

2.1x

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

  • Marubeni is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Marubeni's assets?
Raw Data
OTCPK:MARU.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,116.39
TSE:8002 Share Price * TSE (2019-08-23) in JPY ¥793.8
United States of America Trade Distributors Industry PB Ratio Median Figure of 52 Publicly-Listed Trade Distributors Companies 1.82x
United States of America Market PB Ratio Median Figure of 5,094 Publicly-Listed Companies 1.76x
OTCPK:MARU.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8002 Share Price ÷ Book Value per Share (both in JPY)

= 793.8 ÷ 1,116.39

0.71x

* Primary Listing of Marubeni.

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

  • Marubeni is good value based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess Marubeni'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. Marubeni 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.

MARU.F Future Performance

 How is Marubeni 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
3.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marubeni expected to grow at an attractive rate?
  • Marubeni's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Marubeni's earnings growth is positive but not above the United States of America market average.
  • Marubeni's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MARU.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MARU.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 3.5%
OTCPK:MARU.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:MARU.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
OTCPK:MARU.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 7,775,700 247,000 1
2023-03-31 7,623,300 245,000 1
2022-03-31 7,684,004 291,698 250,220 4
2021-03-31 7,719,404 281,698 240,272 5
2020-03-31 7,624,942 430,976 232,316 4
2019-11-21
OTCPK:MARU.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 6,954,785 353,903 186,680
2019-06-30 7,139,599 309,642 205,214
2019-03-31 7,401,256 284,895 226,876
2018-12-31 7,492,559 261,360 262,069
2018-09-30 7,859,706 203,088 254,662
2018-06-30 7,786,777 250,434 240,325
2018-03-31 7,540,337 253,423 207,259
2017-12-31 7,670,424 210,696 206,949
2017-09-30 7,453,318 288,467 174,905
2017-06-30 7,181,031 279,749 158,204
2017-03-31 7,128,805 324,263 152,851
2016-12-31 6,903,744 338,125 48,158

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Marubeni's earnings are expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
  • Marubeni's revenue is expected to grow by 1% 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
OTCPK:MARU.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Marubeni Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MARU.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 142.30 142.30 142.30 1.00
2023-03-31 141.20 141.20 141.20 1.00
2022-03-31 143.79 151.00 127.74 7.00
2021-03-31 137.72 148.67 121.22 8.00
2020-03-31 133.04 144.06 119.88 8.00
2019-11-21
OTCPK:MARU.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 107.57
2019-06-30 118.25
2019-03-31 130.74
2018-12-31 151.02
2018-09-30 146.75
2018-06-30 138.49
2018-03-31 119.43
2017-12-31 119.25
2017-09-30 100.79
2017-06-30 91.17
2017-03-31 88.08
2016-12-31 27.75

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

MARU.F Past Performance

  How has Marubeni 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 Marubeni'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.
  • Marubeni's year on year earnings growth rate has been positive over the past 5 years.
  • Marubeni's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Marubeni's 1-year earnings growth is negative, it can't be compared to the US Trade Distributors industry average.
Earnings and Revenue History
Marubeni'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 Marubeni Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MARU.F 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 6,954,785.00 186,680.00 565,863.00
2019-06-30 7,139,599.00 205,214.00 558,819.00
2019-03-31 7,401,256.00 226,876.00 556,666.00
2018-12-31 7,492,559.00 262,069.00 566,062.00
2018-09-30 7,859,706.00 254,662.00 566,652.00
2018-06-30 7,786,777.00 240,325.00 565,681.00
2018-03-31 7,540,337.00 207,259.00 559,183.00
2017-12-31 7,670,424.00 206,949.00 548,188.00
2017-09-30 7,453,318.00 174,905.00 532,779.00
2017-06-30 7,181,031.00 158,204.00 523,680.00
2017-03-31 7,128,805.00 152,851.00 522,283.00
2016-12-31 6,903,744.00 48,158.00 532,276.00
2016-09-30 6,878,665.00 41,563.00 543,750.00
2016-06-30 7,149,373.00 39,644.00 557,746.00
2016-03-31 7,300,299.00 62,264.00 565,855.00
2015-12-31 7,468,824.00 150,320.00 558,016.00
2015-09-30 7,625,009.00 76,550.00 561,408.00
2015-06-30 7,699,122.00 107,553.00 555,403.00
2015-03-31 7,834,295.00 105,604.00 546,630.00
2014-12-31 7,841,045.00 127,823.00 528,335.00
2014-09-30 7,782,089.00 229,416.00 516,288.00
2014-06-30 7,557,143.00 215,943.00 508,339.00
2014-03-31 7,055,700.00 210,945.00 493,601.00
2013-12-31 6,437,704.00 260,533.00 467,260.00
2013-09-30 5,838,249.00 226,352.00 441,200.00
2013-06-30 5,252,108.00 215,553.00 416,002.00
2013-03-31 4,896,048.00 130,143.00 408,991.00
2012-12-31 4,754,125.00 183,322.00 398,776.00

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

MARU.F Health

 How is Marubeni'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 Marubeni's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marubeni is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Marubeni's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Marubeni'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 1.2x 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 Marubeni Company Filings, last reported 1 month ago.

OTCPK:MARU.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,024,061.00 2,387,741.00 710,229.00
2019-06-30 1,997,998.00 2,425,629.00 723,191.00
2019-03-31 2,071,726.00 2,368,377.00 601,145.00
2018-12-31 2,052,294.00 2,545,852.00 732,898.00
2018-09-30 2,079,736.00 2,573,884.00 716,951.00
2018-06-30 1,959,415.00 2,578,399.00 798,303.00
2018-03-31 1,835,637.00 2,542,704.00 769,939.00
2017-12-31 1,937,129.00 2,751,870.00 791,664.00
2017-09-30 1,865,315.00 2,779,685.00 778,751.00
2017-06-30 1,782,170.00 2,911,618.00 883,736.00
2017-03-31 1,742,758.00 2,806,138.00 855,624.00
2016-12-31 1,759,054.00 3,270,231.00 1,050,070.00
2016-09-30 1,530,492.00 3,138,026.00 984,457.00
2016-06-30 1,288,810.00 3,147,900.00 811,421.00
2016-03-31 1,415,202.00 3,368,325.00 747,663.00
2015-12-31 1,673,932.00 3,543,012.00 826,593.00
2015-09-30 1,690,127.00 3,439,231.00 801,201.00
2015-06-30 1,780,663.00 3,432,221.00 809,025.00
2015-03-31 1,678,713.00 3,369,024.00 701,238.00
2014-12-31 1,716,282.00 3,474,929.00 774,797.00
2014-09-30 1,711,583.00 3,222,571.00 709,653.00
2014-06-30 1,565,785.00 3,132,881.00 619,912.00
2014-03-31 1,531,231.00 3,182,365.00 900,090.00
2013-12-31 1,515,757.00 3,218,731.00 828,868.00
2013-09-30 1,390,031.00 3,075,053.00 914,417.00
2013-06-30 1,286,095.00 2,928,750.00 1,004,517.00
2013-03-31 1,203,008.00 2,753,630.00 1,052,707.00
2012-12-31 1,035,441.00 2,900,525.00 749,376.00
  • Marubeni's level of debt (116.5%) 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 (186.7% vs 116.5% today).
  • Debt is not well covered by operating cash flow (15%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 68.4x coverage).
X
Financial health checks
We assess Marubeni'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. Marubeni 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.

MARU.F Dividends

 What is Marubeni'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
4.41%
Current annual income from Marubeni dividends. Estimated to be 4.57% next year.
If you bought $2,000 of Marubeni shares you are expected to receive $88 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?
  • Marubeni's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Marubeni's dividend is above the markets top 25% of dividend payers in United States of America (3.68%).
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
OTCPK:MARU.F 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
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1955 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:MARU.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 36.00 1.00
2023-03-31 35.00 1.00
2022-03-31 37.57 7.00
2021-03-31 36.25 8.00
2020-03-31 35.25 8.00
2019-11-21
OTCPK:MARU.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-07-11 35.000 4.856
2019-05-09 35.000 4.920
2018-08-30 34.000 4.031
2018-05-08 34.000 3.911
2017-11-02 25.000 3.170
2017-08-30 25.000 3.350
2017-05-09 25.000 3.540
2017-02-06 21.000 2.997
2016-11-04 19.000 2.932
2016-08-31 19.000 3.592
2016-05-10 19.000 3.874
2016-02-05 21.000 3.634
2015-11-05 21.000 3.366
2015-08-06 21.000 3.151
2015-05-08 21.000 2.982
2015-02-06 26.000 3.619
2014-11-06 26.000 3.689
2014-08-05 26.000 3.547
2014-05-09 26.000 3.618
2014-02-07 25.000 3.575
2013-11-08 25.000 3.407
2013-08-07 25.000 3.326
2013-06-21 25.000 3.573
2013-05-17 24.000 3.373
2013-05-08 25.000 3.380
2013-02-01 24.000 3.448
2012-11-01 24.000 4.149
2012-07-30 24.000 4.651
2012-05-21 24.000 4.697
2012-02-15 20.000 3.507
2011-10-31 20.000 4.166
2011-07-29 15.000 3.261
2011-05-06 15.000 2.714
2011-02-14 13.000 2.190
2011-01-31 13.000 2.001
2010-11-12 11.000 1.901
2010-11-10 11.000 2.037
2010-07-30 11.000 2.291
2010-06-25 11.000 2.378
2010-05-07 11.000 2.162
2010-01-29 8.000 1.447
2009-10-30 7.000 1.423
2009-06-19 7.000 1.573
2009-05-07 7.000 1.614
2009-02-13 14.000 4.266
2009-01-30 14.000 4.213

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 Marubeni's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x 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 Marubeni'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 Marubeni afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marubeni 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.

MARU.F Management

 What is the CEO of Marubeni'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
Masumi Kakinoki
AGE 62
TENURE AS CEO 0.6 years
CEO Bio

Mr. Masumi Kakinoki serves as President and Chief Executive Officer at Marubeni Corporation since April 2019, and has been its Director since June 22, 2018. He had been Senior Executive Vice President and Chief Executive Officer of Power Business & Plant Group at Marubeni Corporation since April 1, 2018. Mr. Kakinoki was Chief Executive Officer and President of Marubeni America Corporation since April 2014. He was Senior Managing Executive Officer of Marubeni Corporation since April 1, 2017 until April 1, 2018 and Chief Executive Officer of Power Projects & Plant Group since April 1, 2016 until April 1, 2018. He served as Managing Executive Officer of Marubeni Corporation from April 2013 to April 1, 2017. Mr. Kakinoki served as Regional Chief Executive Officer for North & Central America and Advisor to the President for South America at Marubeni Corporation since April 2014 until April 1, 2016. He served as the President of Marubeni Europower Ltd. since December 1998. He began his career at Marubeni Corporation in April 1980 and has served in several senior positions. Mr. Kakinoki served as Chief Operating Officer of Corporate Planning & Strategy Department, Global Strategy & Coordination Department and Research Institute of Marubeni Corporation since April 2013. He served as an Executive Officer and Chief Operating Officer of Power Projects & Infrastructure Division of Marubeni Corporation since April 2010. He was General Manager of Overseas Power Project Dept.-II at Marubeni Corporation and President and Chief Executive Officer at Marubeni Power Development Corp. since April 2006. He was Senior Operating Officer of Power Projects & Infrastructure Division at Marubeni Corporation since April 2008 and Senior Corporate Officer of Abu Dhabi Trade House Project Dept. since June 2009. He has 24 years experience in global infrastructure development. He served as a Director of Global Alumina Corp. from 2004 to October 31, 2005, Marubeni Corp. since June 2013 and PL Internet Inc., since 2004. He served as a Director of Aircastle LTD since May 22, 2014 until May 26, 2016. Mr. Kakinoki served as a Director of Marubeni-Itochu Steel Inc.

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

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

1.6
Average Tenure
61.5
Average Age
  • The average tenure for the Marubeni management team is less than 2 years, this suggests a new team.
Management Team

Masumi Kakinoki

TITLE
President
AGE
62
TENURE
0.6 yrs

Nobuhiro Yabe

TITLE
Senior Managing Executive Officer
AGE
59
TENURE
3.6 yrs

Yukihiko Matsumura

TITLE
SEVP, Chief Administrative
AGE
63
TENURE
0.6 yrs

Y. Nakaki

TITLE
General Manager of Compliance Control Department

Yutaka Shimazaki

TITLE
Executive Officer and GM of Corporate Communications Department & Executive Secretariat

Koji Kashima

TITLE
General Manager of Human Resources Department
AGE
53
TENURE
2.6 yrs

Kaoru Iwasa

TITLE
Sr. Managing Executive Officer
AGE
64

Hikaru Minami

TITLE
Managing Executive Officer and Audit & Supervisory Board Member
AGE
62

Akira Terakawa

TITLE
Senior Managing Executive Officer and CEO of Food
AGE
61
TENURE
1.6 yrs

Mutsumi Ishizuki

TITLE
Managing Executive Officer
AGE
61
Board of Directors Tenure

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

1.4
Average Tenure
63
Average Age
  • The average tenure for the Marubeni board of directors is less than 3 years, this suggests a new board.
Board of Directors

Fumiya Kokubu

TITLE
Chairman of the Board
COMPENSATION
¥156M
AGE
67
TENURE
0.8 yrs

Masumi Kakinoki

TITLE
President
AGE
62
TENURE
1.4 yrs

Nobuhiro Yabe

TITLE
Senior Managing Executive Officer
AGE
59
TENURE
3.4 yrs

Yukihiko Matsumura

TITLE
SEVP, Chief Administrative
AGE
63
TENURE
1.4 yrs

Hikaru Minami

TITLE
Managing Executive Officer and Audit & Supervisory Board Member
AGE
62
TENURE
0.4 yrs

Hirohisa Miyata

TITLE
Managing Executive Officer
AGE
59
TENURE
1.4 yrs

Ichiro Takahara

TITLE
Senior EVP
AGE
63
TENURE
5.8 yrs

Naoki Izumi

TITLE
Regional COO for Zouthwest Asia

Takao Kitabata

TITLE
External Independent Director
AGE
69

Kyohei Takahashi

TITLE
External Independent Director
AGE
75
TENURE
3.4 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 Marubeni'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. Marubeni 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.

MARU.F News

Simply Wall St News

MARU.F Company Info

Description

Marubeni Corporation engages in various business activities worldwide. The company trades in grains, feed ingredients, compound feeds, foods, agricultural and marine products, processed seafood, fresh and processed meat, and raw ingredients and materials; and apparel, footwear, lifestyle, and textile and industrial materials. It also provides agri-inputs, subcontracting and agriculture services, technical services, crop protection product formulations, fertilizer raw materials, and oilseeds; ICT and real estate services; petrochemicals and plastics, salts and chlor-alkalis, life science products, electronic materials, and inorganic mineral resources and chemicals; and wood chips, biomass fuels, pulp and waste papers, paper, paperboards, and building and construction materials. In addition, the company explores for, develops, and produces oil and gas; trades in, distributes, and markets petroleum and LPG; develops uranium, nuclear fuel cycle, iron ore, coal, and copper mines, as well as related equipment sales and services; smelts and refines aluminum; trades in iron ore, coal, ferroalloy, ferrous raw materials, non-ferrous metals, ingots and related products, and steel products; and leases temporary steel construction materials. Further, it offers engineering, procurement, and construction, as well as operation and maintenance services for plants and other facilities; invests in the oil and gas, transportation infrastructure, and water projects; and manages infrastructure funds, as well as engages in the circular economy, power generation, renewable energy, power service and retail, natural gas, hydrogen, ammonia, municipal solid waste, and thermal energy storage businesses. Additionally, the company owns, purchases, operates, leases, sells, and charters aerospace and ship products; and sells, trades in, leases, finances, and services construction and industrial machinery, and automotive products. The company was founded in 1858 and is headquartered in Tokyo, Japan.

Details
Name: Marubeni Corporation
MARU.F
Exchange: OTCPK
Founded: 1858
¥12,696,702,064
1,735,487,861
Website: http://www.marubeni.com
Address: Marubeni Corporation
Tokyo Nihombashi Tower,
2-7-1, Nihombashi,
Tokyo,
103-6060,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8002 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK MARU.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB MARA Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK MARU.Y ADR Pink Sheets LLC US USD 06. Jan 1975
Number of employees
Current staff
Staff numbers
0
Marubeni employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 00:12
End of day share price update: 2019/08/23 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/11/05
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.