Mitsubishi UFJ Financial Group Valuation

Q: What is the Fair Price of MUFG19 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MUFG19 (THB4.1) is trading below our estimate of [[fair value]] (THB5.13)

Is MUFG19 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MUFG19 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MUFG19 (THB4.1) is trading below our estimate of fair value (THB5.13)

Significantly Below Fair Value: MUFG19 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MUFG19?

Key metric: As MUFG19 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MUFG19. This is calculated by dividing MUFG19's market cap by their current earnings.
What is MUFG19's PE Ratio?
PE Ratio	12.9x
Earnings	JP¥1.66t
Market Cap	JP¥21.11t

MUFG19 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	2.7x

Price to Earnings Ratio vs Peers

How does MUFG19's PE Ratio compare to its peers?

The above table shows the PE ratio for MUFG19 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	7.5x
SCB SCB X	8.9x	4.6%	฿387.2b
KBANK Kasikornbank	7.5x	6.2%	฿353.0b
BBL Bangkok Bank	6.5x	3.6%	฿288.2b
KTB Krung Thai Bank	7.3x	6.0%	฿287.9b
MUFG19 Mitsubishi UFJ Financial Group	12.9x	4.8%	฿21.1t

Price-To-Earnings vs Peers: MUFG19 is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (7.5x).

Price to Earnings Ratio vs Industry

How does MUFG19's PE Ratio compare vs other companies in the Asian Banks Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MUFG19 is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the Asian Banks industry average (8.5x).

Price to Earnings Ratio vs Fair Ratio

What is MUFG19'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.

MUFG19 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MUFG19's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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