Mitsubishi Materials Corporation

DB:MUJ Stock Report

Market Cap: €2.0b

Mitsubishi Materials Valuation

Is MUJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MUJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MUJ (€15.1) is trading above our estimate of fair value (€0.48)

Significantly Below Fair Value: MUJ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MUJ?

Key metric: As MUJ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MUJ. This is calculated by dividing MUJ's market cap by their current earnings.
What is MUJ's PE Ratio?
PE Ratio7.4x
EarningsJP¥43.34b
Market CapJP¥321.23b

Price to Earnings Ratio vs Peers

How does MUJ's PE Ratio compare to its peers?

The above table shows the PE ratio for MUJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32x
NDA Aurubis
8.9x-6.2%€3.3b
SDF K+S
79.2x61.1%€2.0b
WCH Wacker Chemie
28.9x37.0%€3.6b
STO3 Sto SE KGaA
11.1x3.5%€730.0m
MUJ Mitsubishi Materials
7.4x5.6%€321.2b

Price-To-Earnings vs Peers: MUJ is good value based on its Price-To-Earnings Ratio (7.4x) compared to the peer average (32x).

Price to Earnings Ratio vs Industry

How does MUJ's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MUJ 7.4xIndustry Avg. 11.8xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MUJ is good value based on its Price-To-Earnings Ratio (7.4x) compared to the European Metals and Mining industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is MUJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MUJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.4x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: MUJ is good value based on its Price-To-Earnings Ratio (7.4x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MUJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.10
€17.37
+15.0%
10.3%€20.16€15.27n/a8
Nov ’25€15.00
€17.28
+15.2%
10.3%€20.05€15.19n/a8
Oct ’25€16.10
€18.00
+11.8%
12.1%€21.87€15.62n/a8
Sep ’25€16.00
€18.63
+16.4%
12.1%€21.68€15.80n/a8
Aug ’25€17.10
€18.06
+5.6%
10.5%€20.72€15.40n/a8
Jul ’25€17.10
€17.76
+3.9%
12.5%€20.61€14.72n/a8
Jun ’25€17.70
€17.50
-1.1%
13.5%€20.93€14.95n/a8
May ’25€18.30
€17.66
-3.5%
13.5%€21.12€15.08n/a8
Apr ’25€17.20
€17.10
-0.6%
9.8%€19.83€15.49n/a8
Mar ’25€16.10
€16.73
+3.9%
10.4%€19.82€14.55n/a8
Feb ’25€16.90
€16.83
-0.4%
10.4%€20.12€14.77n/a8
Jan ’25€15.50
€16.54
+6.7%
8.1%€19.06€14.93n/a8
Dec ’24€15.00
€16.12
+7.5%
8.1%€18.59€14.56n/a8
Nov ’24€15.20
€16.41
+8.0%
8.1%€18.92€14.82€15.008
Oct ’24€15.20
€17.08
+12.4%
9.7%€20.00€15.24€16.108
Sep ’24€15.60
€17.03
+9.2%
8.7%€19.72€15.65€16.008
Aug ’24€16.40
€16.76
+2.2%
11.1%€20.08€13.51€17.108
Jul ’24€16.10
€16.51
+2.5%
8.4%€18.98€13.73€17.108
Jun ’24€15.40
€15.05
-2.3%
12.7%€17.95€11.24€17.708
May ’24€14.60
€15.35
+5.1%
12.3%€18.61€11.65€18.308
Apr ’24€14.50
€15.16
+4.6%
14.3%€18.94€11.86€17.208
Mar ’24€15.00
€15.43
+2.9%
14.6%€19.42€12.01€16.108
Feb ’24€15.30
€15.43
+0.9%
14.6%€19.42€12.01€16.908
Jan ’24€14.40
€15.10
+4.9%
12.9%€17.80€11.89€15.508
Dec ’23€15.10
€14.76
-2.3%
12.4%€17.45€12.00€15.008
Nov ’23€13.10
€14.82
+13.1%
11.9%€17.99€12.38€15.208

Analyst Forecast: Target price is less than 20% higher than the current share price.

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