DB:MARA

Stock Analysis Report

Executive Summary

Marubeni Corporation engages in various business activities worldwide.

Snowflake

Fundamentals

Good value with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Marubeni's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.7%

MARA

1.4%

DE Trade Distributors

1.7%

DE Market


1 Year Return

-12.4%

MARA

-4.2%

DE Trade Distributors

7.2%

DE Market

Return vs Industry: MARA underperformed the German Trade Distributors industry which returned -4.2% over the past year.

Return vs Market: MARA underperformed the German Market which returned 7.2% over the past year.


Shareholder returns

MARAIndustryMarket
7 Day1.7%1.4%1.7%
30 Day-0.6%-1.5%2.4%
90 Day4.2%-2.8%2.3%
1 Year-8.4%-12.4%-1.3%-4.2%10.6%7.2%
3 Year47.1%30.2%-4.1%-11.0%18.4%8.1%
5 Year51.5%24.7%20.5%7.4%42.3%22.9%

Price Volatility Vs. Market

How volatile is Marubeni's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Marubeni undervalued compared to its fair value and its price relative to the market?

18.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MARA (€6.15) is trading below our estimate of fair value (€7.57)

Significantly Below Fair Value: MARA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MARA is good value based on its PE Ratio (6.3x) compared to the Trade Distributors industry average (15.4x).

PE vs Market: MARA is good value based on its PE Ratio (6.3x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: MARA is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: MARA is good value based on its PB Ratio (0.7x) compared to the DE Trade Distributors industry average (1.3x).


Next Steps

Future Growth

How is Marubeni forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

3.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MARA's forecast earnings growth (3% per year) is above the savings rate (0.2%).

Earnings vs Market: MARA's earnings (3% per year) are forecast to grow slower than the German market (12.7% per year).

High Growth Earnings: MARA's earnings are forecast to grow, but not significantly.

Revenue vs Market: MARA's revenue (1.5% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: MARA's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MARA's Return on Equity is forecast to be low in 3 years time (11.6%).


Next Steps

Past Performance

How has Marubeni performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MARA's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: MARA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MARA had negative earnings growth (-14.6%) over the past year, making it difficult to compare to the Trade Distributors industry average (8.4%).


Return on Equity

High ROE: MARA's Return on Equity (10.9%) is considered low.


Return on Assets

ROA vs Industry: MARA has a higher Return on Assets than the Trade Distributors industry average last year.


Return on Capital Employed

ROCE Improving: MARA has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Marubeni's financial position?


Financial Position Analysis

Short Term Liabilities: MARA's short term assets (¥3,034.7B) exceeds its short term liabilities (¥2,361.6B)

Long Term Liabilities: MARA's short term assets (3,034.7B) exceeds its long term liabilities (2,396.3B)


Debt to Equity History and Analysis

Debt Level: MARA's debt to equity ratio (119.9%) is considered high

Reducing Debt: MARA's debt to equity ratio has reduced from 198.1% to 119.9% over the past 5 years.

Debt Coverage: MARA's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: MARA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: MARA has a high level of physical assets or inventory.

Debt Coverage by Assets: MARA's debt is covered by short term assets (assets are 1.267130x debt).


Next Steps

Dividend

What is Marubeni's current dividend yield, its reliability and sustainability?

4.68%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%1.5%markettop25%3.8%industryaverage2.9%forecastin3Years4.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MARA's dividend (4.68%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: MARA's dividend (4.68%) is in the top 25% of dividend payers in the German market (3.83%)

Stable Dividend: MARA's dividend payments have been volatile in the past 10 years.

Growing Dividend: MARA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.8%), MARA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Marubeni's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Masumi Kakinoki (62yo)

0.8yrs

Tenure

0

Mr. Masumi Kakinoki serves as President, Chief Executive Officer and Director at Marubeni Corporation since 2019. He had been Senior Executive Vice President and Chief Executive Officer of Power Business & ...


Management Age and Tenure

1.5yrs

Average Tenure

61.5yo

Average Age

Experienced Management: MARA's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

63yo

Average Age

Experienced Board: MARA's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Masumi Kakinoki (62yo)

    President

    • Tenure: 0.8yrs
  • Hikaru Minami (62yo)

    Managing Executive Officer and Audit & Supervisory Board Member

    • Tenure: 0.3yrs
  • Y. Nakaki

    General Manager of Compliance Control Department

    • Tenure: 0yrs
  • Kaoru Iwasa (64yo)

    Sr. Managing Executive Officer

    • Tenure: 0yrs
  • Yukihiko Matsumura (63yo)

    SEVP, Chief Administrative

    • Tenure: 1.3yrs
  • Akira Terakawa (61yo)

    Senior Managing Executive Officer and CEO of Food

    • Tenure: 1.5yrs
  • Mutsumi Ishizuki (61yo)

    Managing Executive Officer

    • Tenure: 0yrs
  • Nobuhiro Yabe (59yo)

    Senior Managing Executive Officer

    • Tenure: 3.3yrs
  • Koji Kashima (53yo)

    General Manager of Human Resources Department

    • Tenure: 2.5yrs
  • Yutaka Shimazaki

    Executive Officer

    • Tenure: 0yrs

Board Members

  • Kyohei Takahashi (75yo)

    External Director

    • Tenure: 3.3yrs
  • Masumi Kakinoki (62yo)

    President

    • Tenure: 0.8yrs
  • Fumiya Kokubu (67yo)

    Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: JP¥156.00m
  • Hikaru Minami (62yo)

    Managing Executive Officer and Audit & Supervisory Board Member

    • Tenure: 0.3yrs
  • Takao Kitabata (69yo)

    External Director

    • Tenure: 0yrs
  • Yukihiko Matsumura (63yo)

    SEVP, Chief Administrative

    • Tenure: 1.3yrs
  • Hirohisa Miyata (59yo)

    Managing Executive Officer

    • Tenure: 1.3yrs
  • Nobuhiro Yabe (59yo)

    Senior Managing Executive Officer

    • Tenure: 3.3yrs
  • Ichiro Takahara (63yo)

    Senior EVP

    • Tenure: 5.8yrs
  • Naoki Izumi

    Regional COO for Zouthwest Asia

    • Tenure: 0yrs

Company Information

Marubeni Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marubeni Corporation
  • Ticker: MARA
  • Exchange: DB
  • Founded: 1858
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: JP¥1.299t
  • Listing Market Cap: JP¥10.752b
  • Shares outstanding: 1.74b
  • Website: https://www.marubeni.com

Number of Employees


Location

  • Marubeni Corporation
  • Tokyo Nihombashi Tower
  • 2-7-1, Nihombashi
  • Tokyo
  • 103-6060
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MARU.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 1975
MARU.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
8002TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
MARADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 21:06
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.