TSE:8802

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Mitsubishi Estate

Executive Summary

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. More Details


Snowflake Analysis

Solid track record second-rate dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 8802 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 8802's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.7%

8802

-0.6%

JP Real Estate

-0.1%

JP Market


1 Year Return

-22.4%

8802

-16.3%

JP Real Estate

7.3%

JP Market

Return vs Industry: 8802 underperformed the JP Real Estate industry which returned -16.3% over the past year.

Return vs Market: 8802 underperformed the JP Market which returned 7.3% over the past year.


Shareholder returns

8802IndustryMarket
7 Day-0.7%-0.6%-0.1%
30 Day-0.2%-1.3%3.3%
90 Day2.5%4.6%12.5%
1 Year-21.0%-22.4%-14.0%-16.3%9.9%7.3%
3 Year-21.7%-25.4%-21.3%-26.6%5.3%-2.1%
5 Year-18.8%-24.2%9.3%-1.3%54.1%36.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

14.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8802 (¥1645.5) is trading above our estimate of fair value (¥297.81)

Significantly Below Fair Value: 8802 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8802 is poor value based on its PE Ratio (14.6x) compared to the JP Real Estate industry average (13.2x).

PE vs Market: 8802 is good value based on its PE Ratio (14.6x) compared to the JP market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: 8802 is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: 8802 is overvalued based on its PB Ratio (1.3x) compared to the JP Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Mitsubishi Estate forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8802's forecast earnings growth (7.5% per year) is above the savings rate (0%).

Earnings vs Market: 8802's earnings (7.5% per year) are forecast to grow slower than the JP market (17.7% per year).

High Growth Earnings: 8802's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8802's revenue (3.2% per year) is forecast to grow slower than the JP market (5.6% per year).

High Growth Revenue: 8802's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 8802's Return on Equity is forecast to be low in 3 years time (7.9%).


Next Steps

Past Performance

How has Mitsubishi Estate performed over the past 5 years?

14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8802 has high quality earnings.

Growing Profit Margin: 8802's current net profit margins (11.7%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: 8802's earnings have grown by 14.9% per year over the past 5 years.

Accelerating Growth: 8802's earnings growth over the past year (25.1%) exceeds its 5-year average (14.9% per year).

Earnings vs Industry: 8802 earnings growth over the past year (25.1%) exceeded the Real Estate industry -16.5%.


Return on Equity

High ROE: 8802's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is Mitsubishi Estate's financial position?


Financial Position Analysis

Short Term Liabilities: 8802's short term assets (¥1,133.9B) exceed its short term liabilities (¥711.6B).

Long Term Liabilities: 8802's short term assets (¥1,133.9B) do not cover its long term liabilities (¥3,324.9B).


Debt to Equity History and Analysis

Debt Level: 8802's debt to equity ratio (132.2%) is considered high.

Reducing Debt: 8802's debt to equity ratio has increased from 116.7% to 132.2% over the past 5 years.

Debt Coverage: 8802's debt is not well covered by operating cash flow (12.8%).

Interest Coverage: 8802's interest payments on its debt are well covered by EBIT (18.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Mitsubishi Estate current dividend yield, its reliability and sustainability?

1.52%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 8802's dividend (1.52%) is higher than the bottom 25% of dividend payers in the JP market (1.22%).

High Dividend: 8802's dividend (1.52%) is low compared to the top 25% of dividend payers in the JP market (2.98%).


Stability and Growth of Payments

Stable Dividend: 8802's dividend payments have been volatile in the past 10 years.

Growing Dividend: 8802's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.7%), 8802'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

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Junichi Yoshida (62 yo)

3.75yrs

Tenure

JP¥161,000,000

Compensation

Mr. Junichi Tanisawa is a Representative Corporate Executive Officer and Executive Vice President of Mitsubishi Estate Co., Ltd., since April 1, 2017 and its Director since June 27, 2014. He was Deputy Pre...


CEO Compensation Analysis

Compensation vs Market: Junichi's total compensation ($USD0.00) is below average for companies of similar size in the JP market ($USD2.02M).

Compensation vs Earnings: Junichi's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Hirotaka Sugiyama
Executive Chairman3.75yrsJP¥141.00m0.0037%
¥ 82.7m
Junichi Yoshida
President3.75yrsJP¥161.00m0.0042%
¥ 92.4m
Takashi Kagamoto
General Manager of Investor Relations Officeno datano datano data
Masato Kawasaki
General Manager of Corporate Communications Departmentno datano datano data
Atsuo Kyono
Representative Executive Officer & Senior Managing Executive Officer4.5yrsno data0.0028%
¥ 62.8m
Tetsuji Arimori
Representative Executive Officer2.5yrsno data0.0023%
¥ 51.3m
Junichi Tanisawa
Representative Corporate Executive Officer6.58yrsno data0.0030%
¥ 66.1m
Hidemi Waki
Representative Executive Officer & Senior Managing Executive Officer0.75yrno data0.0031%
¥ 67.6m
Hiroshi Katayama
Managing Executive Officer & Director4.58yrsno data0.0022%
¥ 48.0m
Noboru Nishigai
Representative Executive Officer & Senior Managing Executive Officer3.75yrsno data0.0020%
¥ 44.6m
Futoshi Chiba
Representative Executive Officer & Senior Managing Executive Officer2.75yrsno data0.0020%
¥ 44.6m
Kenji Hosokane
Managing Executive Officer3.75yrsno data0.0019%
¥ 41.3m

3.8yrs

Average Tenure

62yo

Average Age

Experienced Management: 8802's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hirotaka Sugiyama
Executive Chairman3.75yrsJP¥141.00m0.0037%
¥ 82.7m
Junichi Yoshida
President3.75yrsJP¥161.00m0.0042%
¥ 92.4m
Tetsuji Arimori
Representative Executive Officer2.5yrsno data0.0023%
¥ 51.3m
Junichi Tanisawa
Representative Corporate Executive Officer6.58yrsno data0.0030%
¥ 66.1m
Hiroshi Katayama
Managing Executive Officer & Director4.58yrsno data0.0022%
¥ 48.0m
Bunroku Naganuma
Managing Executive Officer & Director2yrsno data0.0013%
¥ 29.6m
Toru Okusa
Director7.58yrsno data0.0022%
¥ 49.5m
Jo Kato
Director9.58yrsno data0.0049%
¥ 109.0m
Setsuko Egami
Independent Outside Director5.58yrsno datano data
Shin Ebihara
Independent Outside Director5.58yrsno datano data
Tsuyoshi Okamoto
Independent Outside Director1.58yrsno datano data
Tetsuo Narukawa
Independent Outside Director2.58yrsno datano data

4.6yrs

Average Tenure

66yo

Average Age

Experienced Board: 8802's board of directors are considered experienced (4.6 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mitsubishi Estate Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mitsubishi Estate Co., Ltd.
  • Ticker: 8802
  • Exchange: TSE
  • Founded:
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: JP¥2.210t
  • Shares outstanding: 1.34b
  • Website: https://www.mec.co.jp

Number of Employees


Location

  • Mitsubishi Estate Co., Ltd.
  • Otemachi Park Building
  • 1-1, Otemachi 1-chome
  • Tokyo
  • 100-8133
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MITE.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 1975
MITE.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1975
8802TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1975
MESDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975

Biography

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings; plann...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 08:05
End of Day Share Price2021/01/20 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.