Mitsubishi Estate
Market Cap
JP¥2.2t
Last Updated
2020/10/23 14:42 UTC
Data Sources
Company Financials +
Executive Summary
Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.4%
8802
1.2%
JP Real Estate
0.2%
JP Market
1 Year Return
-23.4%
8802
-19.9%
JP Real Estate
-0.7%
JP Market
Return vs Industry: 8802 underperformed the JP Real Estate industry which returned -19.2% over the past year.
Return vs Market: 8802 underperformed the JP Market which returned 0.1% over the past year.
Shareholder returns
| 8802 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 1.2% | 0.2% |
| 30 Day | -0.8% | 0.1% | -0.7% |
| 90 Day | 0.8% | 7.1% | 3.9% |
| 1 Year | -22.0%-23.4% | -17.7%-19.9% | 1.8%-0.7% |
| 3 Year | -17.1%-21.0% | -17.0%-22.6% | 0.4%-6.6% |
| 5 Year | -34.0%-38.4% | -13.4%-21.5% | 21.6%8.2% |
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?
14.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 8802 (¥1606) is trading above our estimate of fair value (¥277.69)
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 (14.4x) compared to the JP Real Estate industry average (11.7x).
PE vs Market: 8802 is good value based on its PE Ratio (14.4x) compared to the JP market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: 8802 is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: 8802 is overvalued based on its PB Ratio (1.2x) 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?
6.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 8802's forecast earnings growth (6.4% per year) is above the savings rate (0.05%).
Earnings vs Market: 8802's earnings (6.4% per year) are forecast to grow slower than the JP market (17.4% per year).
High Growth Earnings: 8802's earnings are forecast to grow, but not significantly.
Revenue vs Market: 8802's revenue (3.3% per year) is forecast to grow slower than the JP market (5.2% per year).
High Growth Revenue: 8802's revenue (3.3% 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 (7.3%).
Next Steps
Past Performance
How has Mitsubishi Estate performed over the past 5 years?
15.3%
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 (10.8%).
Past Earnings Growth Analysis
Earnings Trend: 8802's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: 8802's earnings growth over the past year (11.6%) is below its 5-year average (15.3% per year).
Earnings vs Industry: 8802 earnings growth over the past year (11.6%) exceeded the Real Estate industry -6.7%.
Return on Equity
High ROE: 8802's Return on Equity (8.6%) 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 (¥1,105.4B) exceed its short term liabilities (¥649.9B).
Long Term Liabilities: 8802's short term assets (¥1,105.4B) do not cover its long term liabilities (¥3,318.3B).
Debt to Equity History and Analysis
Debt Level: 8802's debt to equity ratio (131.7%) is considered high.
Reducing Debt: 8802's debt to equity ratio has increased from 119.9% to 131.7% over the past 5 years.
Debt Coverage: 8802's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: 8802's interest payments on its debt are well covered by EBIT (17.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Mitsubishi Estate current dividend yield, its reliability and sustainability?
1.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 8802's dividend (1.56%) is higher than the bottom 25% of dividend payers in the JP market (1.33%).
High Dividend: 8802's dividend (1.56%) is low compared to the top 25% of dividend payers in the JP market (3.17%).
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 (29.5%), 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?
3.5yrs
Average management tenure
CEO
Junichi Yoshida (62 yo)
3.5yrs
Tenure
JP¥161,000,000
Compensation
Mr. Junichi Yoshida has been Representative Corporate Executive Officer, President and Chief Executive Officer of Mitsubishi Estate Co., Ltd., since April 2017 and served as its Senior Executive Officer si ...
CEO Compensation Analysis
Compensation vs Market: Junichi's total compensation ($USD0.00) is below average for companies of similar size in the JP market ($USD2.00M).
Compensation vs Earnings: Junichi's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | JP¥161.00m | 0.0042% ¥ 90.0m | |
| General Manager of Investor Relations Office | no data | no data | no data | |
| General Manager of Corporate Communications Department | no data | no data | no data | |
| Representative Corporate Executive Officer & Executive VP | 4.25yrs | no data | 0.0028% ¥ 61.1m | |
| Representative Corporate Executive Officer | 2.25yrs | no data | 0.0023% ¥ 49.9m | |
| Representative Corporate Executive Officer | 6.33yrs | no data | 0.0030% ¥ 64.4m | |
| Executive VP & Representative Corporate Executive Officer | 0.50yr | no data | 0.0031% ¥ 65.9m | |
| Senior Executive Officer & Director | 4.33yrs | no data | 0.0022% ¥ 46.7m | |
| Representative Corporate Executive Officer & Executive VP | 3.5yrs | no data | 0.0020% ¥ 43.5m | |
| Representative Corporate Executive Officer & Executive VP | 2.5yrs | no data | 0.0020% ¥ 43.5m | |
| Senior Executive Officer | 3.5yrs | no data | 0.0019% ¥ 40.3m | |
| Senior Executive Officer | no data | no data | 0.0014% ¥ 30.6m |
3.5yrs
Average Tenure
62yo
Average Age
Experienced Management: 8802's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | JP¥161.00m | 0.0042% ¥ 90.0m | |
| Representative Corporate Executive Officer | 2.25yrs | no data | 0.0023% ¥ 49.9m | |
| Representative Corporate Executive Officer | 6.33yrs | no data | 0.0030% ¥ 64.4m | |
| Senior Executive Officer & Director | 4.33yrs | no data | 0.0022% ¥ 46.7m | |
| Senior Executive Officer & Director | 1.75yrs | no data | 0.0013% ¥ 28.8m | |
| Chairman of the Board | 3.5yrs | JP¥141.00m | 0.0037% ¥ 80.5m | |
| Director | 7.33yrs | no data | 0.0022% ¥ 48.2m | |
| Director | 9.33yrs | no data | 0.0049% ¥ 106.1m | |
| Independent Outside Director | 5.33yrs | no data | no data | |
| Independent Outside Director | 5.33yrs | no data | no data | |
| Independent Outside Director | 1.33yrs | no data | no data | |
| Independent Outside Director | 2.33yrs | no data | no data |
4.3yrs
Average Tenure
66yo
Average Age
Experienced Board: 8802's board of directors are considered experienced (4.3 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: 1890
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: JP¥2.153t
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MITE.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Jan 1975 | |
| MITE.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jan 1975 |
| 8802 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jan 1975 |
| MES | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 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. It al ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/23 14:42 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
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.