Loading...

Mitsubishi Materials

OTCPK:MIMT.F
Snowflake Description

Excellent balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MIMT.F
OTCPK
¥409B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Mitsubishi Materials Corporation, together with its subsidiaries, manufactures and sells cement products, metals, materials and tools, and electronic materials. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
MIMT.F Share Price and Events
7 Day Returns
0%
OTCPK:MIMT.F
2%
US Metals and Mining
0.1%
US Market
1 Year Returns
-
OTCPK:MIMT.F
-16.2%
US Metals and Mining
5.3%
US Market
MIMT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitsubishi Materials (MIMT.F) 0% 0% - - - 777.4%
US Metals and Mining 2% 14.9% -2.6% -16.2% 6.6% -17.1%
US Market 0.1% 6.7% 1.8% 5.3% 38.6% 39.5%
1 Year Return vs Industry and Market
  • No trading data on MIMT.F.
  • No trading data on MIMT.F.
Price Volatility
MIMT.F
Industry
5yr Volatility vs Market

Value

 Is Mitsubishi Materials undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mitsubishi Materials to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mitsubishi Materials.

OTCPK:MIMT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:MIMT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 30.86%) (120.9%))
1.616
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.616 * 5.96%)
12.36%

Discounted Cash Flow Calculation for OTCPK:MIMT.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mitsubishi Materials is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:MIMT.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.36%)
2020 4,731.33 Analyst x3 4,210.81
2021 25,295.75 Analyst x4 20,036.06
2022 37,786.67 Analyst x3 26,637.02
2023 29,400.00 Analyst x2 18,444.92
2024 36,242.00 Analyst x2 20,235.96
2025 38,466.32 Est @ 6.14% 19,115.02
2026 40,433.95 Est @ 5.12% 17,882.26
2027 42,212.89 Est @ 4.4% 16,615.13
2028 43,858.67 Est @ 3.9% 15,363.72
2029 45,414.82 Est @ 3.55% 14,158.62
Present value of next 10 years cash flows ¥172,699.52
OTCPK:MIMT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥45,414.82 × (1 + 2.73%) ÷ (12.36% – 2.73%)
¥484,394.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥484,394.76 ÷ (1 + 12.36%)10
¥151,015.95
OTCPK:MIMT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥172,699.52 + ¥151,015.95
¥323,715.47
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥323,715.47 / 130.95
¥2472.03
OTCPK:MIMT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:MIMT.F represents 0.0087x of TSE:5711
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0087x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,472.03 x 0.0087
$21.52
Value per share (USD) From above. $21.52
Current discount Discount to share price of $27.20
= -1 x ($27.20 - $21.52) / $21.52
-26.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mitsubishi Materials is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mitsubishi Materials's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitsubishi Materials's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MIMT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥9.91
TSE:5711 Share Price ** TSE (2019-04-04) in JPY ¥3125
United States of America Metals and Mining Industry PE Ratio Median Figure of 44 Publicly-Listed Metals and Mining Companies 9.46x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 18.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mitsubishi Materials.

OTCPK:MIMT.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5711 Share Price ÷ EPS (both in JPY)

= 3125 ÷ 9.91

315.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Materials is overvalued based on earnings compared to the US Metals and Mining industry average.
  • Mitsubishi Materials is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mitsubishi Materials's expected growth come at a high price?
Raw Data
OTCPK:MIMT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 315.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
19%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 23 Publicly-Listed Metals and Mining Companies 0.68x
United States of America Market PEG Ratio Median Figure of 2,129 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

OTCPK:MIMT.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 315.28x ÷ 19%

16.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Materials is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mitsubishi Materials's assets?
Raw Data
OTCPK:MIMT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥4,838.30
TSE:5711 Share Price * TSE (2019-04-04) in JPY ¥3125
United States of America Metals and Mining Industry PB Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 1.46x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.81x
OTCPK:MIMT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5711 Share Price ÷ Book Value per Share (both in JPY)

= 3125 ÷ 4,838.30

0.65x

* Primary Listing of Mitsubishi Materials.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Materials is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Mitsubishi Materials's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Mitsubishi Materials has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mitsubishi Materials expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitsubishi Materials expected to grow at an attractive rate?
  • Mitsubishi Materials's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Mitsubishi Materials's earnings growth is expected to exceed the United States of America market average.
  • Mitsubishi Materials's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MIMT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MIMT.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 19%
OTCPK:MIMT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 0.6%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 18%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MIMT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MIMT.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,696,267 114,361 39,033 3
2023-03-31 1,693,533 108,201 37,767 3
2022-03-31 1,744,755 106,263 37,754 8
2021-03-31 1,704,217 111,555 35,584 9
2020-03-31 1,684,507 87,731 27,975 10
OTCPK:MIMT.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,662,990 140,168 1,298
2018-12-31 1,725,041 3,692
2018-09-30 1,729,351 59,437 29,296
2018-06-30 1,686,266 32,848
2018-03-31 1,599,533 50,715 34,595
2017-12-31 1,494,771 22,693
2017-09-30 1,426,381 77,002 18,945
2017-06-30 1,338,556 29,216
2017-03-31 1,304,068 115,552 28,352
2016-12-31 1,318,379 54,156
2016-09-30 1,311,468 136,347 45,105
2016-06-30 1,355,950 42,478

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mitsubishi Materials's earnings are expected to grow by 19% yearly, however this is not considered high growth (20% yearly).
  • Mitsubishi Materials's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MIMT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Mitsubishi Materials Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MIMT.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 275.30 313.10 237.49 2.00
2023-03-31 272.24 313.10 231.38 2.00
2022-03-31 288.31 315.80 227.57 8.00
2021-03-31 271.73 329.87 211.53 9.00
2020-03-31 213.63 244.40 197.21 7.00
OTCPK:MIMT.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 9.91
2018-12-31 28.19
2018-09-30 223.70
2018-06-30 250.81
2018-03-31 264.14
2017-12-31 173.26
2017-09-30 144.64
2017-06-30 223.04
2017-03-31 216.44
2016-12-31 413.41
2016-09-30 344.31
2016-06-30 324.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mitsubishi Materials is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mitsubishi Materials's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mitsubishi Materials has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mitsubishi Materials performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mitsubishi Materials's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mitsubishi Materials's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mitsubishi Materials's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mitsubishi Materials's 1-year earnings growth is negative, it can't be compared to the US Metals and Mining industry average.
Earnings and Revenue History
Mitsubishi Materials's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mitsubishi Materials Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MIMT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,662,990.00 1,298.00 139,332.00 10,912.00
2018-12-31 1,725,041.00 3,692.00 136,380.00 11,614.00
2018-09-30 1,729,351.00 29,296.00 135,138.00 11,614.00
2018-06-30 1,686,266.00 32,848.00 132,747.00 11,614.00
2018-03-31 1,599,533.00 34,595.00 130,178.00 11,614.00
2017-12-31 1,494,771.00 22,693.00 129,723.00 11,344.00
2017-09-30 1,426,381.00 18,945.00 125,975.00 11,344.00
2017-06-30 1,338,556.00 29,216.00 124,078.00 11,344.00
2017-03-31 1,304,068.00 28,352.00 123,863.00 11,344.00
2016-12-31 1,318,379.00 54,156.00 124,252.00 11,225.00
2016-09-30 1,311,468.00 45,105.00 125,588.00 11,225.00
2016-06-30 1,355,950.00 42,478.00 126,940.00 11,225.00
2016-03-31 1,417,895.00 61,316.00 127,157.00 11,225.00
2015-12-31 1,441,177.00 72,436.00 126,654.00 10,530.00
2015-09-30 1,475,635.00 78,675.00 124,704.00 10,530.00
2015-06-30 1,511,106.00 76,242.00 121,420.00 10,530.00
2015-03-31 1,517,265.00 56,147.00 118,272.00 10,530.00
2014-12-31 1,496,425.00 52,181.00 127,861.00 10,986.00
2014-09-30 1,462,302.00 46,550.00 130,242.00 10,986.00
2014-06-30 1,422,598.00 44,326.00 132,646.00 10,986.00
2014-03-31 1,414,796.00 52,551.00 135,376.00 10,986.00
2013-12-31 1,380,672.00 46,991.00 131,291.00 11,401.00
2013-09-30 1,355,303.00 49,909.00 129,309.00 11,401.00
2013-06-30 1,336,707.00 49,284.00 128,512.00 11,401.00
2013-03-31 1,287,251.00 36,948.00 126,078.00 11,401.00
2012-12-31 1,308,814.00 13,699.00 124,933.00 11,743.00
2012-09-30 1,337,219.00 3,580.00 124,308.00 11,743.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mitsubishi Materials has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Mitsubishi Materials has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • Mitsubishi Materials's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mitsubishi Materials's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mitsubishi Materials has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mitsubishi Materials's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mitsubishi Materials's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitsubishi Materials is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mitsubishi Materials's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mitsubishi Materials's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mitsubishi Materials Company Filings, last reported 3 months ago.

OTCPK:MIMT.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 723,335.00 494,767.00 108,648.00
2018-12-31 739,218.00 531,777.00 95,924.00
2018-09-30 770,048.00 554,167.00 97,178.00
2018-06-30 768,967.00 538,541.00 82,956.00
2018-03-31 768,494.00 521,434.00 93,389.00
2017-12-31 796,766.00 588,997.00 102,518.00
2017-09-30 727,220.00 561,476.00 89,532.00
2017-06-30 711,517.00 556,138.00 82,752.00
2017-03-31 710,194.00 528,230.00 141,264.00
2016-12-31 678,045.00 525,330.00 89,401.00
2016-09-30 632,805.00 508,530.00 64,168.00
2016-06-30 623,060.00 539,951.00 73,868.00
2016-03-31 645,016.00 526,308.00 60,123.00
2015-12-31 673,420.00 560,146.00 62,731.00
2015-09-30 667,853.00 570,441.00 70,162.00
2015-06-30 668,992.00 616,758.00 73,554.00
2015-03-31 629,513.00 630,871.00 93,152.00
2014-12-31 582,434.00 699,479.00 77,335.00
2014-09-30 545,589.00 657,701.00 61,235.00
2014-06-30 520,657.00 662,405.00 63,700.00
2014-03-31 525,706.00 649,843.00 63,486.00
2013-12-31 523,573.00 689,315.00 54,702.00
2013-09-30 517,096.00 704,267.00 50,267.00
2013-06-30 491,116.00 724,456.00 69,912.00
2013-03-31 466,231.00 692,980.00 64,416.00
2012-12-31 447,922.00 701,858.00 61,350.00
2012-09-30 418,807.00 703,571.00 68,685.00
  • Mitsubishi Materials's level of debt (68.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (123.7% vs 68.4% today).
  • Debt is well covered by operating cash flow (28.3%, greater than 20% of total debt).
  • Mitsubishi Materials earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Mitsubishi Materials's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mitsubishi Materials has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mitsubishi Materials's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.56%
Current annual income from Mitsubishi Materials dividends. Estimated to be 2.63% next year.
If you bought $2,000 of Mitsubishi Materials shares you are expected to receive $51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mitsubishi Materials's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • Mitsubishi Materials's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MIMT.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MIMT.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 80.00 2.00
2023-03-31 83.33 3.00
2022-03-31 84.38 8.00
2021-03-31 82.44 9.00
2020-03-31 80.80 10.00
OTCPK:MIMT.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-13 80.000 2.772
2018-06-22 80.000 2.626
2018-05-10 80.000 2.551
2017-06-28 80.000 2.174
2017-05-11 80.000 2.524
2017-02-13 60.000 1.722
2017-02-09 60.000 1.617
2016-11-09 60.000 1.641
2016-06-29 60.000 2.177
2016-05-12 60.000 2.075
2015-06-26 100.000 2.644
2015-05-12 100.000 2.055
2015-02-10 80.000 1.944
2014-06-27 80.000 2.205
2014-05-12 80.000 2.484
2014-02-13 80.000 2.645
2014-02-12 80.000 2.394
2013-11-06 40.000 1.089
2013-08-08 60.000 1.525
2013-05-10 40.000 1.168
2013-02-12 40.000 1.442
2012-08-08 40.000 1.620
2012-06-28 40.000 1.855
2012-05-28 20.000 0.919
2012-05-11 40.000 1.836
2011-11-08 30.000 1.287
2011-08-09 30.000 1.441
2011-06-29 30.000 1.172
2011-05-12 30.000 1.236
2011-02-08 20.000 0.720
2010-08-11 0.000 0.000
2010-08-09 0.000 0.000
2010-06-29 0.000 0.000
2010-05-12 0.000 0.000
2010-02-09 0.000 0.000
2010-02-08 0.000 0.000
2009-11-09 0.000 0.000
2009-11-05 0.000 0.000
2009-08-10 0.000 0.000
2009-08-04 0.000 0.000
2009-06-26 0.000 0.000
2009-05-11 0.000 0.000
2009-02-10 80.000 3.058
2009-01-15 0.000 0.000
2008-11-10 80.000 3.841

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Mitsubishi Materials's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mitsubishi Materials's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mitsubishi Materials afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitsubishi Materials has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mitsubishi Materials's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Naoki Ono
AGE 62
TENURE AS CEO 1.1 years
CEO Bio

Mr. Naoki Ono has been Chief Executive Officer of Mitsubishi Materials Corporation since June 22, 2018 and also serves as its Director. Mr. Ono was Executive Vice President of Mitsubishi Materials Corporation from July 2014 until June 22, 2018 and was its Assistant to the President; General Manager, Corporate Strategy Div., from 2018 until June 22, 2018. Since June 2012, Mr. Ono was Executive Officer of Mitsubishi Materials Corporation since June 2012. He joined Mitsubishi Mining & Cement Co., Ltd. on April 1979. Since June 2011, he was Vice Chairman of Mitsubishi Cement Corporation and MCC Development Corporation. Since April 2014, he served as Managing Executive Officer and President of Cement Company. Since June 2014, he served as Managing Director and President of Cement Company. Since April 2016, he served as an Executive Vice President and President of Cement Company. Since June 2016, he served as Director and Executive Vice President of Cement Company. Since April 2017, he served as Director, Executive Vice President and General Manager of Corporate Strategy Division. He has served as General Manager of the Higashitani Mine.

CEO Compensation
  • Insufficient data for Naoki to compare compensation growth.
  • Insufficient data for Naoki to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Mitsubishi Materials management team in years:

1.5
Average Tenure
61.5
Average Age
  • The average tenure for the Mitsubishi Materials management team is less than 2 years, this suggests a new team.
Management Team

Naoki Ono

TITLE
Chief Executive Officer & Director
AGE
62
TENURE
1.1 yrs

Hiroyuki Watanabe

TITLE
General Manager of Finance & Accounting Dept.
TENURE
0.5 yrs

Osamu Iida

TITLE
Executive VP
AGE
62
TENURE
2.3 yrs

Jun Nagano

TITLE
Exec. Officer & GM of Legal Dept.
TENURE
1.5 yrs

Nobuyuki Suzuki

TITLE
General Manager of Corporate Communications & General Affairs Department

Yoshikazu Yasui

TITLE
Managing Executive Officer & GM of HR & General Affairs Dept

Yasunobu Suzuki

TITLE
President of Adv. Products Co.
AGE
61

Makoto Shibata

TITLE
Managing Executive Officer
AGE
58
TENURE
2.3 yrs

Kazuhiro Kishi

TITLE
Managing Executive Officer & President of Cement Company
TENURE
2.3 yrs

Shinichi Nakamura

TITLE
Managing Executive Officer & President of Metalworking Solutions Company
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Mitsubishi Materials board of directors in years:

0.1
Average Tenure
62.5
Average Age
  • The average tenure for the Mitsubishi Materials board of directors is less than 3 years, this suggests a new board.
Board of Directors

Akira Takeuchi

TITLE
Chairman
COMPENSATION
¥100M
AGE
65
TENURE
1.1 yrs

Naoki Ono

TITLE
Chief Executive Officer & Director
AGE
62

Makoto Shibata

TITLE
Managing Executive Officer
AGE
58
TENURE
1.1 yrs

Mariko Tokuno

TITLE
Outside Director
AGE
65
TENURE
3.1 yrs

Hiroshi Sato

TITLE
Independent Director
AGE
61
TENURE
0.1 yrs

Tatsuo Wakabayashi

TITLE
Outside Director
AGE
67
TENURE
0.1 yrs

Soichi Fukui

TITLE
Director
AGE
63
TENURE
0.1 yrs

Naoto Kasai

TITLE
Independent Director
AGE
57
TENURE
0.1 yrs

Hiroshi Kubota

TITLE
Director
AGE
61
TENURE
0.1 yrs

Hiroshi Watanabe

TITLE
Outside Director
AGE
70
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Mitsubishi Materials's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mitsubishi Materials has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Mitsubishi Materials Corporation, together with its subsidiaries, manufactures and sells cement products, metals, materials and tools, and electronic materials. The company produces and sells ordinary Portland cement, ready-mixed concrete, concrete repair materials, aggregates, nitrous oxide purification paving blocks, tools, non-shrink grout mortars, and premixed grouting mortars for semi-flexible and water-retaining pavement. It also engages in mining, smelting, and refining copper, copper alloy products, gold, silver, precious metal clay, and functional materials. In addition, the company provides cemented carbide products, such as cutting, rock drilling, and plastic-forming tools, as well as sintering parts for automotive components; and functional materials, chemical products, and electronic devices, as well as polycrystalline silicon and chlorosilane gas. Further, it offers aluminum sheets, plates, foils, extruded products, cans, and bottles; and engages in the renewable energy activities comprising geothermal, solar, and hydraulic power generation, as well as sells coal and recycles radioactive waste. The company has operations in Europe, East Asia, North America, Southeast Asia, Japan, South America, and Oceania. Mitsubishi Materials Corporation was founded in 1871 and is headquartered in Tokyo, Japan.

Details
Name: Mitsubishi Materials Corporation
MIMT.F
Exchange: OTCPK
Founded: 1871
¥3,778,073,270
130,951,042
Website: http://www.mmc.co.jp
Address: Mitsubishi Materials Corporation
3-2, Otemachi 1-chome,
Chiyoda-ku,
Tokyo,
100-8117,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5711 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK MIMT.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB MUJ Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
28,426
Mitsubishi Materials employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/02 00:10
End of day share price update: 2019/04/04 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/06/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.