Mitsui Fudosan Co., Ltd.

DB:MFU Stock Report

Market Cap: €28.1b

Mitsui Fudosan Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 MFU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€0.11
Fair Value
8.8k% overvalued intrinsic discount
11
Number of Analysts

Below Fair Value: MFU (€10) is trading above our estimate of fair value (€0.11)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MFU. This is calculated by dividing MFU's market cap by their current earnings.
What is MFU's PE Ratio?
PE Ratio16.3x
EarningsJP¥312.63b
Market CapJP¥5.09t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MFU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.7x
VNA Vonovia
8.3x8.43%€22.3b
PAT PATRIZIA
16.9x-12.69%€659.7m
LEG LEG Immobilien
4.1x-15.25%€4.9b
FC9 FCR Immobilien
5.4x-32.69%€118.4m
MFU Mitsui Fudosan
16.3x2.13%€5.1t

Price-To-Earnings vs Peers: MFU is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (8.7x).

Price to Earnings Ratio vs Industry

How does MFU's PE Ratio compare vs other companies in the DE Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GYC Grand City Properties
3.6x-21.51%US$2.25b
GTY Gateway Real Estate
0.4xn/aUS$107.81m
AAA A.A.A. Allgemeine Anlageverwaltung
2.6xn/aUS$47.44m
ADJ Adler Group
0.03xn/aUS$39.72m
MFU 16.3xIndustry Avg. 10.8xNo. of Companies8PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MFU is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the German Real Estate industry average (10.8x).

Price to Earnings Ratio vs Fair Ratio

What is MFU'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.

MFU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.3x
Fair PE Ratio16.8x

Price-To-Earnings vs Fair Ratio: MFU is good value based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).

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 MFU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€10.00
€10.10
+1.05%
6.38%€11.30€8.93n/a11
Nov ’26€8.85
€10.25
+15.80%
5.35%€10.85€9.20n/a11
Oct ’26€8.80
€10.33
+17.34%
5.17%€10.96€9.29n/a11
Sep ’26€9.00
€9.95
+10.58%
7.43%€11.12€8.56n/a11
Aug ’26€8.00
€9.79
+22.40%
8.34%€11.02€8.57n/a11
Jul ’26€8.15
€9.94
+21.94%
8.50%€11.15€8.67n/a11
Jun ’26€8.35
€10.15
+21.53%
9.48%€11.55€8.44n/a11
May ’26€8.60
€10.28
+19.58%
8.21%€11.45€8.54n/a11
Apr ’26€8.25
€10.28
+24.67%
8.57%€11.47€8.51n/a11
Mar ’26€8.25
€10.63
+28.89%
9.29%€11.90€8.45n/a11
Feb ’26€8.60
€10.33
+20.16%
9.69%€11.47€8.14n/a11
Jan ’26€7.60
€10.38
+36.55%
9.96%€11.55€8.20n/a11
Dec ’25€7.80
€10.83
+38.82%
9.56%€12.47€8.98n/a11
Nov ’25€7.85
€11.34
+44.40%
9.18%€12.65€9.11€8.8511
Oct ’25€8.40
€11.34
+34.94%
9.18%€12.65€9.11€8.8011
Sep ’25€9.65
€11.09
+14.92%
7.99%€12.38€9.28€9.0011
Aug ’25€8.80
€10.62
+20.65%
6.30%€11.52€9.10€8.0011
Jul ’25€8.40
€10.62
+26.40%
6.30%€11.52€9.10€8.1511
Jun ’25€8.40
€10.58
+25.91%
9.13%€11.62€8.54€8.3511
May ’25€9.50
€10.58
+11.36%
10.24%€11.84€8.70€8.6012
Apr ’25€9.80
€9.26
-5.56%
12.13%€11.97€8.19€8.2512
Mar ’25€8.40
€8.51
+1.33%
7.11%€9.80€7.33€8.2512
Feb ’25€7.60
€8.32
+9.48%
7.75%€10.00€7.48€8.6012
Jan ’25€7.27
€8.05
+10.80%
6.06%€8.52€6.82€7.6013
Dec ’24€7.13
€7.63
+6.95%
6.39%€8.19€6.55€7.8013
Nov ’24€6.93
€7.56
+8.98%
8.16%€8.45€6.34€7.8514
€9.98
Fair Value
0.2% overvalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/26 05:57
End of Day Share Price 2025/11/26 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mitsui Fudosan Co., Ltd. is covered by 25 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Takashi HashimotoBarclays
Takumi KasaiBofA Global Research
Masashi MikiCitigroup Inc