TSE:8306Banks
Mitsubishi UFJ (TSE:8306) Stock Rich Valuation Clashes With DCF Upside
Mitsubishi UFJ Financial Group stock has cooled after a strong run, with a 7 day slide leaving it roughly flat over the past month but still well ahead over 90 days. The market is catching its breath just as the story gets more complicated.
The headline from this earnings release is not the income statement. It is valuation. Mitsubishi UFJ Financial Group now trades on a trailing P/E of 22.6x, above domestic banking peers. At the same time, a discounted cash flow model still points to a...