TSE:9104

Stock Analysis Report

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Mitsui O.S.K. Lines

Market Cap

JP¥675.9b

Last Updated

2021/07/31 08:11 UTC

Data Sources

Company Financials +

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 more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 9104's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of JP stocks.


Market Performance


7 Day Return

14.8%

9104

10.3%

JP Shipping

-0.4%

JP Market


1 Year Return

226.8%

9104

224.0%

JP Shipping

25.5%

JP Market

Return vs Industry: 9104 exceeded the JP Shipping industry which returned 224% over the past year.

Return vs Market: 9104 exceeded the JP Market which returned 25.5% over the past year.


Shareholder returns

9104IndustryMarket
7 Day14.8%10.3%-0.4%
30 Day10.1%7.0%-2.2%
90 Day28.7%28.0%-0.05%
1 Year241.2%226.8%237.0%224.0%28.2%25.5%
3 Year117.5%98.9%116.4%100.2%17.4%9.3%
5 Year197.2%167.8%160.6%139.4%65.4%47.1%

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?

7.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 9104 (¥5650) is trading above our estimate of fair value (¥3628.65)

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 (7.5x) compared to the JP Shipping industry average (7.9x).

PE vs Market: 9104 is good value based on its PE Ratio (7.5x) compared to the JP market (15.9x).


Price to Earnings Growth Ratio

PEG Ratio: 9104's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 9104 is overvalued based on its PB Ratio (1.2x) compared to the JP Shipping industry average (0.6x).


Future Growth

How is Mitsui O.S.K. Lines forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-3.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9104's earnings are forecast to decline over the next 3 years (-3% per year).

Earnings vs Market: 9104's earnings are forecast to decline over the next 3 years (-3% per year).

High Growth Earnings: 9104's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 9104's revenue (4.2% per year) is forecast to grow slower than the JP market (5.1% per year).

High Growth Revenue: 9104's revenue (4.2% 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 (12.6%).


Past Performance

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

68.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9104 has a large one-off loss of ¥33.3B impacting its March 31 2021 financial results.

Growing Profit Margin: 9104's current net profit margins (9.1%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 9104 has become profitable over the past 5 years, growing earnings by 68.9% per year.

Accelerating Growth: 9104's earnings growth over the past year (176%) exceeds its 5-year average (68.9% per year).

Earnings vs Industry: 9104 earnings growth over the past year (176%) exceeded the Shipping industry 52.8%.


Return on Equity

High ROE: 9104's Return on Equity (13.3%) is considered low.


Financial Health

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


Financial Position Analysis

Short Term Liabilities: 9104's short term assets (¥327.0B) do not cover its short term liabilities (¥417.6B).

Long Term Liabilities: 9104's short term assets (¥327.0B) do not cover its long term liabilities (¥978.8B).


Debt to Equity History and Analysis

Debt Level: 9104's debt to equity ratio (144.6%) is considered high.

Reducing Debt: 9104's debt to equity ratio has reduced from 158.1% to 144.6% over the past 5 years.

Debt Coverage: 9104's debt is not well covered by operating cash flow (9.8%).

Interest Coverage: Insufficient data to determine if 9104's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

2.65%

Current Dividend Yield


Upcoming Dividend Payment

TodayJul 31 2021Ex Dividend DateSep 29 2021Dividend Pay DateNov 30 202162 days from Ex DividendBuy in the next 59 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 9104's dividend (2.65%) is higher than the bottom 25% of dividend payers in the JP market (1.34%).

High Dividend: 9104's dividend (2.65%) is low compared to the top 25% of dividend payers in the JP market (3.03%).


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.9%), 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?

0.5yrs

Average management tenure


CEO

Takeshi Hashimoto (64 yo)

0.17

Tenure

Mr. Takeshi Hashimoto serves as Chief Executive Officer and President at Mitsui O.S.K. Lines, Ltd since April 1, 2021. He served as Executive Vice President, Executive Officer and Assistant to President at...


Leadership Team

Experienced Management: 9104's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: 9104's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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¥675.856b
  • Shares outstanding: 119.62m
  • 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


Biography

Mitsui O.S.K. Lines, Ltd. engages in the marine transportation business in Japan and internationally. The company operates through Dry Bulk Business, Energy Transport Business, Product Transport Business, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 08:11
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.