TSE:9104

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Mitsui O.S.K. Lines

Executive Summary

Mitsui O.S.K. Lines, Ltd. provides ocean shipping services in Japan, North America, Europe, Asia, and internationally. More Details


Snowflake Analysis

Fair value with limited growth.


Similar Companies

Share Price & News

How has Mitsui O.S.K. Lines's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 9104 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 9104's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-3.8%

9104

-2.5%

JP Shipping

-0.05%

JP Market


1 Year Return

6.2%

9104

15.1%

JP Shipping

7.3%

JP Market

Return vs Industry: 9104 underperformed the JP Shipping industry which returned 18.8% over the past year.

Return vs Market: 9104 underperformed the JP Market which returned 8.6% over the past year.


Shareholder returns

9104IndustryMarket
7 Day-3.8%-2.5%-0.05%
30 Day2.3%4.1%3.3%
90 Day36.0%32.9%13.8%
1 Year9.1%6.2%17.8%15.1%9.9%7.3%
3 Year-17.6%-22.1%-16.7%-21.1%6.5%-0.9%
5 Year38.2%28.3%15.5%7.5%53.2%36.0%

Long-Term Price Volatility Vs. Market

How volatile is Mitsui O.S.K. Lines's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mitsui O.S.K. Lines undervalued compared to its fair value and its price relative to the market?

10.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 9104 (¥3130) is trading above our estimate of fair value (¥651.51)

Significantly Below Fair Value: 9104 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 9104 is good value based on its PE Ratio (10.1x) compared to the JP Shipping industry average (10.4x).

PE vs Market: 9104 is good value based on its PE Ratio (10.1x) compared to the JP market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: 9104 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 9104 is overvalued based on its PB Ratio (0.7x) compared to the JP Shipping industry average (0.6x).


Next Steps

Future Growth

How is Mitsui O.S.K. Lines forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

19.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9104's forecast earnings growth (19.8% per year) is above the savings rate (0%).

Earnings vs Market: 9104's earnings (19.8% per year) are forecast to grow faster than the JP market (17.6% per year).

High Growth Earnings: 9104's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9104's revenue (3.5% per year) is forecast to grow slower than the JP market (5.6% per year).

High Growth Revenue: 9104's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9104's Return on Equity is forecast to be low in 3 years time (9.7%).


Next Steps

Past Performance

How has Mitsui O.S.K. Lines performed over the past 5 years?

46.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9104 has high quality earnings.

Growing Profit Margin: 9104's current net profit margins (3.5%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: 9104 has become profitable over the past 5 years, growing earnings by 46% per year.

Accelerating Growth: 9104's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 9104 had negative earnings growth (-20.6%) over the past year, making it difficult to compare to the Shipping industry average (-19.9%).


Return on Equity

High ROE: 9104's Return on Equity (6.5%) is considered low.


Next Steps

Financial Health

How is Mitsui O.S.K. Lines's financial position?


Financial Position Analysis

Short Term Liabilities: 9104's short term assets (¥299.8B) do not cover its short term liabilities (¥433.7B).

Long Term Liabilities: 9104's short term assets (¥299.8B) do not cover its long term liabilities (¥987.0B).


Debt to Equity History and Analysis

Debt Level: 9104's debt to equity ratio (167.8%) is considered high.

Reducing Debt: 9104's debt to equity ratio has increased from 129.3% to 167.8% over the past 5 years.

Debt Coverage: 9104's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: 9104's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Next Steps

Dividend

What is Mitsui O.S.K. Lines's current dividend yield, its reliability and sustainability?

1.12%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 9104's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.21%).

High Dividend: 9104's dividend (1.12%) is low compared to the top 25% of dividend payers in the JP market (2.96%).


Stability and Growth of Payments

Stable Dividend: 9104's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9104's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.1%), 9104'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?

4.8yrs

Average management tenure


CEO

Junichiro Ikeda (64 yo)

5.58yrs

Tenure

Mr. Junichiro Ikeda has been Chief Executive Officer at Mitsui O.S.K. Lines, Ltd. since June 2015 and has been its President since June 23, 2015. Mr. Ikeda has been an Executive Officer of Mitsui O.S.K Lin...


Leadership Team

NamePositionTenureCompensationOwnership
Junichiro Ikeda
CEO, President & Representative Director5.58yrsno data0.019%
¥ 74.0m
Takashi Maruyama
Senior Managing Executive Officer3.58yrsno data0.0038%
¥ 14.3m
Yoshikazu Kawagoe
Senior Managing Executive Officer3yrsno datano data
Akihiko Ono
EVP, Exe. Officer2.58yrsno data0.0058%
¥ 22.0m
Toshinobu Shinoda
Managing Executive Officer & Chief Communication Officer1yrno datano data
Tsuneo Watanabe
Executive Officer & Deputy Director General of Energy Transport Business Unit9.58yrsno datano data
Toshiaki Tanaka
Managing Executive Officer1yrno data0.0032%
¥ 12.1m
Takeshi Hashimoto
Executive VP5.58yrsno data0.0069%
¥ 26.2m
Koichi Yashima
Senior Managing Executive Officer2yrsno datano data
Kenta Matsuzaka
Managing Executive Officer & Director General of Energy Transport Business Unitno datano datano data
Yutaka Sakanishi
Chief Country Representative for India4.75yrsno datano data
Osamu Kawada
Chief Country Representative for Indonesia4.75yrsno datano data

4.8yrs

Average Tenure

62yo

Average Age

Experienced Management: 9104's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Junichiro Ikeda
CEO, President & Representative Director5.58yrsno data0.019%
¥ 74.0m
Takashi Maruyama
Senior Managing Executive Officer3.58yrsno data0.0038%
¥ 14.3m
Akihiko Ono
EVP, Exe. Officer2.58yrsno data0.0058%
¥ 22.0m
Toshiaki Tanaka
Managing Executive Officer1yrno data0.0032%
¥ 12.1m
Takeshi Hashimoto
Executive VP5.58yrsno data0.0069%
¥ 26.2m
Masaru Onishi
Independent Outside Director2yrsno data0.00017%
¥ 648.5k
Hideki Yamashita
Outside Audit & Supervisory Board Member6.58yrsno data0.00092%
¥ 3.5m
Hideto Fujii
Independent Outside Director4.58yrsno data0.0012%
¥ 4.5m
Etsuko Katsu
Independent Outside Director4.58yrsno data0.0012%
¥ 4.5m
Kenji Jitsu
Audit & Supervisory Board Member3.58yrsno data0.0011%
¥ 4.2m
Toshiaki Takeda
Member of Audit & Supervisory Board2yrsno data0.0019%
¥ 7.3m
Junko Imura
Outside Audit & Supervisory Board Member2yrsno datano data

3.6yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 9104's board of directors are considered experienced (3.6 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

Mitsui O.S.K. Lines, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mitsui O.S.K. Lines, Ltd.
  • Ticker: 9104
  • Exchange: TSE
  • Founded: 1884
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: JP¥381.475b
  • Shares outstanding: 119.58m
  • Website: https://www.mol.co.jp

Number of Employees


Location

  • Mitsui O.S.K. Lines, Ltd.
  • Shosen Mitsui Building
  • 1-1, Toranomon 2-Chome
  • Tokyo
  • 105-8688
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSLO.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
9104TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
MILADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
MSLO.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Mitsui O.S.K. Lines, Ltd. provides ocean shipping services in Japan, North America, Europe, Asia, and internationally. The company operates through Dry Bulk Business, Energy Transport Business, Product Tra...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 08:05
End of Day Share Price2021/01/15 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.