Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €23.61, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 628% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.16 per share. Board Change • May 21
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Mie Miwa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • May 14
MITSUI E&S Co., Ltd., Annual General Meeting, Jun 26, 2026 MITSUI E&S Co., Ltd., Annual General Meeting, Jun 26, 2026. Annuncio • Apr 09
MITSUI E&S Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 MITSUI E&S Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €35.60, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 1,282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.36 per share. Board Change • Dec 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Mie Miwa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Mar 27
Furukawa Co.,Ltd. (TSE:5715) agreed to acquire an additional 18.10% stake in Mitsui Miike Machinery Co., Ltd. from MITSUI E&S Co., Ltd. (TSE:7003). Furukawa Co.,Ltd. (TSE:5715) agreed to acquire an additional 18.10% stake in Mitsui Miike Machinery Co., Ltd. from MITSUI E&S Co., Ltd. (TSE:7003) on March 27, 2025. Upon completion, Furukawa Co.,Ltd. will own 20% stake in Mitsui Miike Machinery Co., Ltd.
The expected completion of the transaction is April 1, 2025. Annuncio • Feb 28
MITSUI E&S Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 MITSUI E&S Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Annuncio • Feb 12
Mitsui E&S Co., Ltd. Revises Dividend Forecast for the Fiscal Year Ending March 31, 2025 MITSUI E&S Co., Ltd. announced that it has revised its year-end dividend forecast for the fiscal year ending March 31, 2025. For the period, the company expects year-end dividend of JPY 20.00 per share compared to previously expected dividend of JPY 18.00 per share. Reasons for Revisions: The Company has revised upward profit forecasts for the fiscal year ending March 31, 2025. Based on policy, the year-end dividend for common stock for the fiscal year ending March 31, 2025, increased from the previous forecast. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥34.61 (vs JP¥32.02 in 2Q 2024) Second quarter 2025 results: EPS: JP¥34.61 (up from JP¥32.02 in 2Q 2024). Revenue: JP¥75.0b (up 1.4% from 2Q 2024). Net income: JP¥3.49b (up 18% from 2Q 2024). Profit margin: 4.7% (up from 4.0% in 2Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 15
Dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 207%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (0.9398% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 67% over the next 3 years. However, it would need to fall by 99% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 30% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €8.20, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 141% over the past three years. Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥285 (vs JP¥14.90 in 1Q 2024) First quarter 2025 results: EPS: JP¥285 (up from JP¥14.90 in 1Q 2024). Revenue: JP¥70.1b (up 14% from 1Q 2024). Net income: JP¥28.8b (up JP¥27.5b from 1Q 2024). Profit margin: 41% (up from 2.1% in 1Q 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 06
MITSUI E&S Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 MITSUI E&S Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to €5.30, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 41% over the past three years. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Buy Or Sell Opportunity • Aug 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €7.60. The fair value is estimated to be €9.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 39% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are forecast to decline by 16% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €9.35, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 149% over the past three years. Reported Earnings • Jul 08
Full year 2024 earnings released: EPS: JP¥256 (vs JP¥177 in FY 2023) Full year 2024 results: EPS: JP¥256 (up from JP¥177 in FY 2023). Revenue: JP¥301.9b (up 15% from FY 2023). Net income: JP¥24.4b (up 62% from FY 2023). Profit margin: 8.1% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. New Risk • Jun 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Annuncio • Jun 20
MITSUI E&S Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 MITSUI E&S Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Annuncio • May 23
MITSUI E&S Co., Ltd. Provides Fiscal Year End Dividend for the Fiscal Year Ending March 31, 2025 MITSUI E&S Co., Ltd. provided fiscal year end dividend of JPY 12.00 per share for the fiscal year ending March 31, 2025 compared to JPY 5.00 per share a year ago. Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥263 (vs JP¥177 in FY 2023) Full year 2024 results: EPS: JP¥263 (up from JP¥177 in FY 2023). Revenue: JP¥301.9b (up 15% from FY 2023). Net income: JP¥25.1b (up 67% from FY 2023). Profit margin: 8.3% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Annuncio • May 16
MITSUI E&S Co., Ltd., Annual General Meeting, Jun 26, 2024 MITSUI E&S Co., Ltd., Annual General Meeting, Jun 26, 2024. Annuncio • May 15
MITSUI E&S Co., Ltd. Revised Year-End Dividend Guidance for the Fiscal Year Ended March 31, 2024 MITSUI E&S Co., Ltd. announced that it has revised its year-end dividend forecast for the fiscal year ended March 31, 2024. For the period, the company expects year-end dividend of JPY 5.00 per share compared to previously expected dividend of JPY 3.00 per share. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €11.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 182% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to €16.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 325% over the past three years. Annuncio • Mar 02
MITSUI E&S Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 MITSUI E&S Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 New Risk • Feb 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥74.69 (vs JP¥5.23 in 3Q 2023) Third quarter 2024 results: EPS: JP¥74.69 (up from JP¥5.23 in 3Q 2023). Revenue: JP¥79.8b (up 30% from 3Q 2023). Net income: JP¥7.38b (up JP¥6.94b from 3Q 2023). Profit margin: 9.2% (up from 0.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €5.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 55% over the past three years. New Risk • Feb 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.30, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 55% over the past three years. Annuncio • Nov 27
MITSUI E&S Co., Ltd. to Report Q3, 2024 Results on Feb 14, 2024 MITSUI E&S Co., Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥35.81 (vs JP¥38.80 in 2Q 2023) Second quarter 2024 results: EPS: JP¥35.81. Revenue: JP¥74.0b (up 21% from 2Q 2023). Net income: JP¥3.31b (flat on 2Q 2023). Profit margin: 4.5% (down from 5.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €3.06, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Machinery industry in Germany. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €3.84, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 15% over the past three years. Annuncio • Sep 01
MITSUI E&S Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 MITSUI E&S Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 9.2% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥16.87 (vs JP¥22.93 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥16.87 (up from JP¥22.93 loss in 1Q 2023). Revenue: JP¥61.6b (up 22% from 1Q 2023). Net income: JP¥1.50b (up JP¥3.37b from 1Q 2023). Profit margin: 2.4% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Jul 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Annuncio • Jun 30
MITSUI E&S Co., Ltd. to Report Q1, 2024 Results on Aug 04, 2023 MITSUI E&S Co., Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥184 (vs JP¥270 loss in FY 2022) Full year 2023 results: EPS: JP¥184 (up from JP¥270 loss in FY 2022). Revenue: JP¥262.3b (down 55% from FY 2022). Net income: JP¥15.6b (up JP¥37.4b from FY 2022). Profit margin: 5.9% (up from net loss in FY 2022). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • May 16
MITSUI E&S Co., Ltd., Annual General Meeting, Jun 28, 2023 MITSUI E&S Co., Ltd., Annual General Meeting, Jun 28, 2023. Annuncio • Feb 15
Mitsui E&S Holdings Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2023 Mitsui E&S Holdings Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 240,000 million, operating income of JPY 3,000 million, profit attributable to owners of parent of JPY 42,000 million and earnings per share of JPY 41.33. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: JP¥9.39 (vs JP¥56.45 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.39 (up from JP¥56.45 loss in 3Q 2022). Revenue: JP¥61.5b (down 60% from 3Q 2022). Net income: JP¥801.0m (up JP¥5.37b from 3Q 2022). Profit margin: 1.3% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Annuncio • Dec 29
Mitsui E&S Holdings Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023 Mitsui E&S Holdings Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Outside Corporate Auditor Koichi Tanaka is the most experienced director on the board, commencing their role in 2016. Independent Outside Director Haruyuki Nagata was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥38.80 (vs JP¥38.11 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥38.80 (up from JP¥38.11 loss in 2Q 2022). Revenue: JP¥61.2b (down 64% from 2Q 2022). Net income: JP¥3.29b (up JP¥6.37b from 2Q 2022). Profit margin: 5.4% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥38.80 (vs JP¥38.11 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥38.80 (up from JP¥38.11 loss in 2Q 2022). Revenue: JP¥61.2b (down 64% from 2Q 2022). Net income: JP¥3.29b (up JP¥6.37b from 2Q 2022). Profit margin: 5.4% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Annuncio • Nov 11
Mitsui E&S Holdings Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2023 Mitsui E&S Holdings Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 240,000 million, operating loss of JPY 3,000 million, profit attributable to owners of parent of JPY 2,000 million and earnings per share of JPY 24.00. Annuncio • Sep 01
Mitsui E&S Holdings Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Mitsui E&S Holdings Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: JP¥22.93 loss per share (vs JP¥70.65 profit in 1Q 2022) First quarter 2023 results: JP¥22.93 loss per share (down from JP¥70.65 profit in 1Q 2022). Revenue: JP¥50.6b (down 73% from 1Q 2022). Net loss: JP¥1.88b (down 133% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 43%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
First quarter 2023 earnings released: JP¥22.93 loss per share (vs JP¥70.65 profit in 1Q 2022) First quarter 2023 results: JP¥22.93 loss per share (down from JP¥70.65 profit in 1Q 2022). Revenue: JP¥50.6b (down 73% from 1Q 2022). Net loss: JP¥1.88b (down 133% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 43%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annuncio • Aug 05
Mitsui E&S Holdings Co., Ltd. Provides Earnings Guidance for the Year Ended March 31, 2023 Mitsui E&S Holdings Co., Ltd. provided earnings guidance for the year ended March 31, 2023. For the year, the company expected net sales of JPY 250,000 million. Operating income of JPY 5,000 million. Profit attributable to owners of parent of JPY 2,000 million. Earnings per share of JPY 24.43. Annuncio • Jun 02
Mitsui E&S Holdings Co., Ltd. to Report Q1, 2023 Results on Aug 04, 2022 Mitsui E&S Holdings Co., Ltd. announced that they will report Q1, 2023 results on Aug 04, 2022 Annuncio • May 28
Tsuneishi Shipbuilding Co., Ltd. agreed to acquire additional 17% stake in Mitsui E&S Shipbuilding Co., Ltd from Mitsui E&S Holdings Co., Ltd. (TSE:7003). Tsuneishi Shipbuilding Co., Ltd. agreed to acquire additional 17% stake in Mitsui E&S Shipbuilding Co., Ltd from Mitsui E&S Holdings Co., Ltd. (TSE:7003) on May 27, 2022. Reported Earnings • May 17
Full year 2022 earnings released: JP¥270 loss per share (vs JP¥1.66 profit in FY 2021) Full year 2022 results: JP¥270 loss per share (down from JP¥1.66 profit in FY 2021). Revenue: JP¥579.4b (down 13% from FY 2021). Net loss: JP¥21.8b (down JP¥22.0b from profit in FY 2021). Over the next year, revenue is forecast to grow 5.5%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annuncio • May 15
Mitsui E&S Holdings Co., Ltd., Annual General Meeting, Jun 28, 2022 Mitsui E&S Holdings Co., Ltd., Annual General Meeting, Jun 28, 2022. Annuncio • May 14
Mitsui E&S Holdings Co., Ltd. Provides Earnings Guidance for the Year Ended March 31, 2023 Mitsui E&S Holdings Co., Ltd. provided earnings guidance for the year ended March 31, 2023. For the year, the company expected net sales of JPY 250,000 million. Operating income of JPY 5,000 million. Profit attributable to owners of parent of JPY 2,000 million. Earnings per share of JPY 24.74. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Outside Corporate Auditor Koichi Tanaka is the most experienced director on the board, commencing their role in 2016. Independent Outside Director Yoshio Haga was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Apr 08
Mitsui E&S Holdings Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Mitsui E&S Holdings Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: JP¥56.45 loss per share (down from JP¥19.49 profit in 3Q 2021). Revenue: JP¥152.1b (down 5.2% from 3Q 2021). Net loss: JP¥4.56b (down 390% from profit in 3Q 2021). Revenue exceeded analyst estimates by 3.5%. Over the next year, revenue is expected to shrink by 11% compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Annuncio • Feb 11
Mitsui E&S Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022 Mitsui E&S Holdings Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expected net sales of JPY 590,000 million, operating loss of JPY 4,000 million, loss attributable to owners of parent of JPY 21,000 million and loss per share of JPY 259.74. Annuncio • Nov 27
An unknown buyer agreed to acquire 49.5% stake of Shikoku Dockyard Co.,Ltd. from Mitsui E&S Holdings Co., Ltd. (TSE:7003). An unknown buyer agreed to acquire 49.5% stake of Shikoku Dockyard Co.,Ltd. from Mitsui E&S Holdings Co., Ltd. (TSE:7003) on November 25, 2021. In 2020, Shikoku Dockyard Co.,Ltd. generated sales of ¥12.4 billion, net profit of ¥16 million, total assets of ¥11.5 billion and net assets of ¥6.03 billion. The transaction is expected to complete in mid-January 2022. Reported Earnings • Nov 06
Second quarter 2022 earnings released: JP¥38.11 loss per share (vs JP¥54.41 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥170.5b (up 4.3% from 2Q 2021). Net loss: JP¥3.08b (down 170% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €3.58, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Machinery industry in Germany. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.29 per share. Annuncio • Aug 06
Mitsui E&S Holdings Co., Ltd. Provides Earnings Guidance for the Full Year Ending March 31, 2022 Mitsui E&S Holdings Co., Ltd. provided earnings guidance for the full year ending March 31, 2022. For the year, The company expects net sales to be JPY 670,000 million, Operating profit to be JPY 5,000 million, Profit attributable to owners of parent to be JPY 3,000 million or JPY 37.11 per share. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥70.65 (vs JP¥105 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥185.9b (up 16% from 1Q 2021). Net income: JP¥5.71b (up JP¥14.2b from 1Q 2021). Profit margin: 3.1% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Annuncio • Mar 19
Mitsui E&S Holdings Co., Ltd. to Report Fiscal Year 2021 Results on May 11, 2021 Mitsui E&S Holdings Co., Ltd. announced that they will report fiscal year 2021 results on May 11, 2021 Is New 90 Day High Low • Feb 26
New 90-day high: €3.80 The company is up 30% from its price of €2.92 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.99 per share. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥19.49 (vs JP¥43.90 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥160.5b (down 16% from 3Q 2020). Net income: JP¥1.58b (up JP¥5.13b from 3Q 2020). Profit margin: 1.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year whereas the company’s share price has fallen by 39% per year. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is expected to shrink by 7.1% compared to a 5.0% growth forecast for the Machinery industry in Germany. Is New 90 Day High Low • Jan 20
New 90-day high: €3.38 The company is up 13% from its price of €3.00 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.12 per share. Annuncio • Dec 05
Mitsui E&S Holdings Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Mitsui E&S Holdings Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Analyst Estimate Surprise Post Earnings • Nov 15
Revenue misses expectations Revenue missed analyst estimates by 0.2%. Over the next year, revenue is expected to shrink by 12% compared to a 2.6% growth forecast for the Machinery industry in Germany. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue misses expectations Revenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to decline by -12% while the growth in Machinery industry in Germany is expected to stay flat. Reported Earnings • Nov 08
Second quarter 2021 earnings released: JP¥25.17 loss per share The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥162.1b (down 18% from 2Q 2020). Net loss: JP¥2.03b (loss narrowed 97% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 31
New 90-day low: €2.64 The company is down 17% from its price of €3.20 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.39 per share. Is New 90 Day High Low • Oct 15
New 90-day low: €2.92 The company is down 18% from its price of €3.58 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.68 per share. Annuncio • Oct 10
Mitsui E&S Holdings Co., Ltd. to Report Q2, 2021 Results on Nov 06, 2020 Mitsui E&S Holdings Co., Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020 Is New 90 Day High Low • Sep 24
New 90-day low: €3.18 The company is down 8.0% from its price of €3.46 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.68 per share. Annuncio • Aug 01
Tsuneishi Shipbuilding Co., Ltd. signed a basic agreement to acquire an unknown stake in Mitsui E&S Shipbuilding Co., Ltd from Mitsui E&S Holdings Co., Ltd. (TSE:7003). Tsuneishi Shipbuilding Co., Ltd. signed a basic agreement to acquire unknown stake in Mitsui E&S Shipbuilding Co., Ltd from Mitsui E&S Holdings Co., Ltd. (TSE:7003) on July 31, 2020. Post the transaction, Mitsui E&S Holdings continue to maintaining the position as Mitsui E&S Shipbuilding's parent company. The final contract is expected to be concluded by the end of December 2020. The transfer is expected to complete in October 2021.