6503 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¥1,343.50|
|52 Week High||JP¥1,629.00|
|52 Week Low||JP¥1,225.50|
|1 Month Change||-3.07%|
|3 Month Change||-7.79%|
|1 Year Change||-9.68%|
|3 Year Change||-5.82%|
|5 Year Change||-24.97%|
|Change since IPO||125.04%|
Recent News & Updates
|6503||JP Electrical||JP Market|
Return vs Industry: 6503 exceeded the JP Electrical industry which returned -16.4% over the past year.
Return vs Market: 6503 underperformed the JP Market which returned -5.8% over the past year.
|6503 Average Weekly Movement||3.4%|
|Electrical Industry Average Movement||3.4%|
|Market Average Movement||3.5%|
|10% most volatile stocks in JP Market||7.4%|
|10% least volatile stocks in JP Market||1.8%|
Stable Share Price: 6503 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 6503'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
|6503 fundamental statistics|
Is 6503 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6503 income statement (TTM)|
|Cost of Revenue||JP¥3.24t|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 28, 2022
|Earnings per share (EPS)||82.90|
|Net Profit Margin||3.91%|
How did 6503 perform over the long term?See historical performance and comparison
3.0%Current Dividend Yield
Is 6503 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 6503?
Other financial metrics that can be useful for relative valuation.
|What is 6503's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 6503's PE Ratio compare to its peers?
|6503 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
6641 Nissin Electric
6507 Sinfonia TechnologyLtd
6503 Mitsubishi Electric
Price-To-Earnings vs Peers: 6503 is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (15.3x).
Price to Earnings Ratio vs Industry
How does 6503's PE Ratio compare vs other companies in the JP Electrical Industry?
Price-To-Earnings vs Industry: 6503 is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the JP Electrical industry average (11.1x)
Price to Earnings Ratio vs Fair Ratio
What is 6503'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.
|Current PE Ratio||16.2x|
|Fair PE Ratio||18x|
Price-To-Earnings vs Fair Ratio: 6503 is good value based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (18x).
Share Price vs Fair Value
What is the Fair Price of 6503 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6503 (¥1343.5) is trading below our estimate of fair value (¥1898.73)
Significantly Below Fair Value: 6503 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Mitsubishi Electric forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6503's forecast earnings growth (9.6% per year) is above the savings rate (0.04%).
Earnings vs Market: 6503's earnings (9.6% per year) are forecast to grow faster than the JP market (8.5% per year).
High Growth Earnings: 6503's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6503's revenue (3.1% per year) is forecast to grow slower than the JP market (4.3% per year).
High Growth Revenue: 6503's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6503's Return on Equity is forecast to be low in 3 years time (8.1%).
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How has Mitsubishi Electric performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6503 has high quality earnings.
Growing Profit Margin: 6503's current net profit margins (3.9%) are lower than last year (5.4%).
Past Earnings Growth Analysis
Earnings Trend: 6503's earnings have declined by 5.3% per year over the past 5 years.
Accelerating Growth: 6503's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6503 had negative earnings growth (-26.1%) over the past year, making it difficult to compare to the Electrical industry average (11.5%).
Return on Equity
High ROE: 6503's Return on Equity (5.9%) is considered low.
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How is Mitsubishi Electric's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 6503's short term assets (¥3,073.9B) exceed its short term liabilities (¥1,597.7B).
Long Term Liabilities: 6503's short term assets (¥3,073.9B) exceed its long term liabilities (¥368.4B).
Debt to Equity History and Analysis
Debt Level: 6503 has more cash than its total debt.
Reducing Debt: 6503's debt to equity ratio has reduced from 16.2% to 10.7% over the past 5 years.
Debt Coverage: 6503's debt is well covered by operating cash flow (64.1%).
Interest Coverage: 6503 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Mitsubishi Electric current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Mitsubishi Electric Dividend Yield vs Market|
|Company (Mitsubishi Electric)||3.0%|
|Market Bottom 25% (JP)||1.7%|
|Market Top 25% (JP)||3.8%|
|Industry Average (Electrical)||2.0%|
|Analyst forecast in 3 Years (Mitsubishi Electric)||3.5%|
Notable Dividend: 6503's dividend (2.98%) is higher than the bottom 25% of dividend payers in the JP market (1.68%).
High Dividend: 6503's dividend (2.98%) is low compared to the top 25% of dividend payers in the JP market (3.76%).
Stability and Growth of Payments
Stable Dividend: 6503's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6503's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.5%), 6503's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (168.9%), 6503's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kei Uruma (63 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
|Kei Uruma's Compensation vs Mitsubishi Electric Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||JP¥99m||JP¥40m|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||JP¥125m||JP¥37m|
Compensation vs Market: Insufficient data to establish whether Kei's total compensation is reasonable compared to companies of similar size in the JP market.
Compensation vs Earnings: Kei's compensation has been consistent with company performance over the past year.
Experienced Management: 6503's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: 6503's board of directors are not considered experienced ( 0.7 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.
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||27,847,000||1.3%|
|Employee Share Scheme||44,478,000||2.1%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Mitsubishi Electric Corporation's employee growth, exchange listings and data sources
- Name: Mitsubishi Electric Corporation
- Ticker: 6503
- Exchange: TSE
- Founded: 1921
- Industry: Heavy Electrical Equipment
- Sector: Capital Goods
- Implied Market Cap: JP¥2.838t
- Shares outstanding: 2.11b
- Website: https://www.mitsubishielectric.com/en/index.html
Number of Employees
- Mitsubishi Electric Corporation
- Tokyo Building
- 2-7-3, Marunouchi
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|6503||TSE (The Tokyo Stock Exchange)||Yes||Common Stock||JP||JPY||Jan 1975|
|MEL||LSE (London Stock Exchange)||Yes||Common Stock||GB||JPY||Jan 1975|
|MIE1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1975|
|MIEL.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jan 1975|
|MITS N||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1975|
|MIEL.Y||OTCPK (Pink Sheets LLC)||ADR EACH REPR 2 ORD NPV||US||USD||Jan 1975|
|MIE||MUN (Boerse Muenchen)||ADR EACH REPR 2 ORD NPV||DE||EUR||Jan 1975|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/04 00:00|
|End of Day Share Price||2022/10/04 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.