MEL Stock Overview
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide.
Mitsubishi Electric Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥1,470.00|
|52 Week High||JP¥1,806.55|
|52 Week Low||JP¥1,422.00|
|1 Month Change||1.31%|
|3 Month Change||-7.40%|
|1 Year Change||-10.12%|
|3 Year Change||8.67%|
|5 Year Change||-13.51%|
|Change since IPO||161.57%|
Recent News & Updates
|MEL||GB Electrical||GB Market|
Return vs Industry: MEL exceeded the UK Electrical industry which returned -32.6% over the past year.
Return vs Market: MEL underperformed the UK Market which returned 8.3% over the past year.
|MEL Average Weekly Movement||2.9%|
|Electrical Industry Average Movement||6.3%|
|Market Average Movement||5.0%|
|10% most volatile stocks in GB Market||10.7%|
|10% least volatile stocks in GB Market||2.5%|
Stable Share Price: MEL is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MEL's weekly volatility (3%) has been stable over the past year.
About the Company
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company offers turbine generators, hydraulic turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, large display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others. It also provides programmable logic controllers, inverters, servomotors, human-machine interfaces, hoists, magnetic switches, circuit breakers, time and power meters, uninterruptible power supply, industrial fans, computerized numerical controllers, electrical-discharge and laser processing machines, industrial robots, clutches, automotive electrical equipment, electric powertrain systems, car electronics and mechatronics, car multimedia, and others.
Mitsubishi Electric Fundamentals Summary
|MEL fundamental statistics|
Is MEL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MEL income statement (TTM)|
|Cost of Revenue||JP¥3.15t|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 02, 2022
|Earnings per share (EPS)||117.57|
|Net Profit Margin||5.64%|
How did MEL perform over the long term?See historical performance and comparison
2.7%Current Dividend Yield
Is Mitsubishi Electric undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MEL (¥1470) is trading below our estimate of fair value (¥1929.3)
Significantly Below Fair Value: MEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MEL is good value based on its PE Ratio (12.5x) compared to the UK Electrical industry average (20x).
PE vs Market: MEL is good value based on its PE Ratio (12.5x) compared to the UK market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: MEL is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: MEL is good value based on its PB Ratio (1.1x) compared to the GB Electrical industry average (3.6x).
How is Mitsubishi Electric forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MEL's forecast earnings growth (8.4% per year) is above the savings rate (0.9%).
Earnings vs Market: MEL's earnings (8.4% per year) are forecast to grow slower than the UK market (12.1% per year).
High Growth Earnings: MEL's earnings are forecast to grow, but not significantly.
Revenue vs Market: MEL's revenue (2.8% per year) is forecast to grow slower than the UK market (4.8% per year).
High Growth Revenue: MEL's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MEL's Return on Equity is forecast to be low in 3 years time (9%).
How has Mitsubishi Electric performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEL has high quality earnings.
Growing Profit Margin: MEL's current net profit margins (5.6%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: MEL's earnings have declined by 2.9% per year over the past 5 years.
Accelerating Growth: MEL's earnings growth over the past year (39.7%) exceeds its 5-year average (-2.9% per year).
Earnings vs Industry: MEL earnings growth over the past year (39.7%) underperformed the Electrical industry 63%.
Return on Equity
High ROE: MEL's Return on Equity (9.1%) is considered low.
How is Mitsubishi Electric's financial position?
Financial Position Analysis
Short Term Liabilities: MEL's short term assets (¥2,754.8B) exceed its short term liabilities (¥1,401.2B).
Long Term Liabilities: MEL's short term assets (¥2,754.8B) exceed its long term liabilities (¥400.8B).
Debt to Equity History and Analysis
Debt Level: MEL has more cash than its total debt.
Reducing Debt: MEL's debt to equity ratio has reduced from 19.8% to 7.8% over the past 5 years.
Debt Coverage: MEL's debt is well covered by operating cash flow (198.5%).
Interest Coverage: MEL earns more interest than it pays, so coverage of interest payments is not a concern.
What is Mitsubishi Electric current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MEL's dividend (2.72%) is higher than the bottom 25% of dividend payers in the UK market (1.41%).
High Dividend: MEL's dividend (2.72%) is low compared to the top 25% of dividend payers in the UK market (4.06%).
Stability and Growth of Payments
Stable Dividend: MEL's dividend payments have been volatile in the past 10 years.
Growing Dividend: MEL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.9%), MEL'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kei Uruma (62 yo)
Mr. Kei Uruma had been President at Mitsubishi Electric Turkey A.S. since January 2013. Mr. Uruma has been Chief Executive Officer and President at Mitsubishi Electric Corp. since July 2021 and serves as i...
CEO Compensation Analysis
Compensation vs Market: Kei's total compensation ($USD866.55K) is below average for companies of similar size in the UK market ($USD3.97M).
Compensation vs Earnings: Kei's compensation has been consistent with company performance over the past year.
Experienced Management: MEL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: MEL's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mitsubishi Electric Corporation's employee growth, exchange listings and data sources
- Name: Mitsubishi Electric Corporation
- Ticker: MEL
- Exchange: LSE
- Founded: 1921
- Industry: Heavy Electrical Equipment
- Sector: Capital Goods
- Implied Market Cap: JP¥3.122t
- Shares outstanding: 2.12b
- Website: https://www.mitsubishielectric.com/en/index.html
Number of Employees
- Mitsubishi Electric Corporation
- Tokyo Building
- 2-7-3, Marunouchi
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 21:10|
|End of Day Share Price||2022/01/19 00:00|
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.