DB:MIB

Stock Analysis Report

Mitsubishi Logistics

Executive Summary

Mitsubishi Logistics Corporation provides logistic services in Japan and internationally.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

MIB

0.3%

DE Infrastructure

2.4%

DE Market


1 Year Return

7.6%

MIB

15.2%

DE Infrastructure

4.9%

DE Market

Return vs Industry: MIB underperformed the German Infrastructure industry which returned 15.2% over the past year.

Return vs Market: MIB exceeded the German Market which returned 4.9% over the past year.


Shareholder returns

MIBIndustryMarket
7 Day-1.8%0.3%2.4%
30 Day-2.2%-0.2%2.3%
90 Day-10.8%1.2%2.7%
1 Year9.9%7.6%18.7%15.2%8.2%4.9%
3 Year-7.1%-11.0%45.8%35.3%18.3%8.0%
5 Year12.4%6.0%79.8%51.1%44.2%24.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

20.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MIB (€22.2) is trading above our estimate of fair value (€6.63)

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


Price To Earnings Ratio

PE vs Industry: MIB is poor value based on its PE Ratio (20.4x) compared to the Infrastructure industry average (18.1x).

PE vs Market: MIB is poor value based on its PE Ratio (20.4x) compared to the German market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: MIB is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: MIB is good value based on its PB Ratio (0.8x) compared to the DE Infrastructure industry average (1.7x).


Next Steps

Future Growth

How is Mitsubishi Logistics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIB's forecast earnings growth (13.7% per year) is above the savings rate (0.2%).

Earnings vs Market: MIB's earnings (13.7% per year) are forecast to grow faster than the German market (12.8% per year).

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

Revenue vs Market: MIB's revenue (1.9% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: MIB's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MIB's Return on Equity is forecast to be low in 3 years time (4.5%).


Next Steps

Past Performance

How has Mitsubishi Logistics performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MIB's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: MIB's earnings growth over the past year (15.3%) exceeds its 5-year average (4.6% per year).

Earnings vs Industry: MIB earnings growth over the past year (15.3%) exceeded the Infrastructure industry 9.8%.


Return on Equity

High ROE: MIB's Return on Equity (4.1%) is considered low.


Return on Assets

ROA vs Industry: MIB's Return on Assets is below or equal to the Infrastructure industry average last year.


Return on Capital Employed

ROCE Improving: MIB's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Mitsubishi Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: MIB's short term assets (¥92.1B) exceeds its short term liabilities (¥67.3B)

Long Term Liabilities: MIB's short term assets (92.1B) do not cover its long term liabilities (107.6B)


Debt to Equity History and Analysis

Debt Level: MIB's debt to equity ratio (29.6%) is considered satisfactory

Reducing Debt: MIB's debt to equity ratio has reduced from 31% to 29.6% over the past 5 years.

Debt Coverage: MIB's debt is well covered by operating cash flow (24.5%).

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


Balance Sheet

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

Debt Coverage by Assets: MIB's debt is covered by short term assets (assets are 1.062990x debt).


Next Steps

Dividend

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

2.19%

Current Dividend Yield


Dividend Yield vs Market

company2.2%marketbottom25%1.5%markettop25%3.8%industryaverage4.0%forecastin3Years2.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MIB's dividend (2.19%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: MIB's dividend (2.19%) is low compared to the top 25% of dividend payers in the German market (3.79%).

Stable Dividend: MIB's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.5%), MIB'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 Mitsubishi Logistics's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Masao Fujikura 0

1.5yrs

Tenure

0

Masao Fujikura has been President at Mitsubishi Logistics Corporation since April 1, 2018 and also has been its Representative Director since June 29, 2016. Masao Fujikura served as General Manager of Osak ...


Management Age and Tenure

1.5yrs

Average Tenure

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


Board Age and Tenure

1.8yrs

Average Tenure

Experienced Board: MIB's board of directors are not considered experienced ( 1.8 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

  • Yoshiji Ohara

    MD & Director

    • Tenure: 0yrs
  • Yasushi Saito

    MD & Director

    • Tenure: 3.3yrs
  • Hitoshi Wakabayashi

    MD & Director

    • Tenure: 3.3yrs
  • Masao Fujikura

    President & Representative Director

    • Tenure: 1.5yrs
  • Shinji Kimura

    MD & Director

    • Tenure: 2.3yrs
  • Hiroshi Nishikawa

    MD & Director

    • Tenure: 1.8yrs
  • Saburo Naraba

    MD & Representative Director

    • Tenure: 1.8yrs
  • Tatsushi Nakashima

    GM of Nagoya Branch & Director

    • Tenure: 1.8yrs
  • Akira Yamao

    GM of Planning & Business Coordination Division and Director

    • Tenure: 0.8yrs
  • Akio Miura

    GM of International Transportation Business Division & Director

    • Tenure: 0.8yrs

Board Members

  • Akio Matsui

    Chairman of the Board

    • Tenure: 1.5yrs
  • Yoshiji Ohara

    MD & Director

    • Tenure: 0yrs
  • Yasushi Saito

    MD & Director

    • Tenure: 3.3yrs
  • Hitoshi Wakabayashi

    MD & Director

    • Tenure: 3.3yrs
  • Masao Fujikura

    President & Representative Director

    • Tenure: 1.5yrs
  • Shinji Kimura

    MD & Director

    • Tenure: 2.3yrs
  • Hiroshi Nishikawa

    MD & Director

    • Tenure: 1.8yrs
  • Saburo Naraba

    MD & Representative Director

    • Tenure: 1.8yrs
  • Tatsushi Nakashima

    GM of Nagoya Branch & Director

    • Tenure: 1.8yrs
  • Akira Yamao

    GM of Planning & Business Coordination Division and Director

    • Tenure: 0.8yrs
  • Akio Miura

    GM of International Transportation Business Division & Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: Mitsubishi Logistics Corporation
  • Ticker: MIB
  • Exchange: DB
  • Founded: 1887
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: JP¥237.672b
  • Listing Market Cap: JP¥1.966b
  • Shares outstanding: 86.71m
  • Website: https://www.mitsubishi-logistics.co.jp

Number of Employees


Location

  • Mitsubishi Logistics Corporation
  • Nihonbashi Dia Building
  • 19-1 Nihonbashi
  • Tokyo
  • 103-8630
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9301TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
MIBDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

Mitsubishi Logistics Corporation provides logistic services in Japan and internationally. The company operates in Logistics and Real Estate segments. It offers warehousing and distribution center services, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:14
End of Day Share Price2019/10/22 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.