OTCPK:MIMT.F

Stock Analysis Report

Executive Summary

Mitsubishi Materials Corporation, together with its subsidiaries, manufactures and sells cement products, metals, materials and tools, and electronic materials.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Mitsubishi Materials's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MIMT.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MIMT.F

0.5%

US Metals and Mining

-3.8%

US Market


1 Year Return

-12.2%

MIMT.F

-31.0%

US Metals and Mining

-15.9%

US Market

Return vs Industry: MIMT.F exceeded the US Metals and Mining industry which returned -30.6% over the past year.

Return vs Market: MIMT.F exceeded the US Market which returned -15.9% over the past year.


Shareholder returns

MIMT.FIndustryMarket
7 Day0%0.5%-3.8%
30 Day0%-20.2%-17.4%
90 Dayn/a-30.9%-24.1%
1 Year-12.2%-12.2%-29.0%-31.0%-14.1%-15.9%
3 Yearn/a-24.8%-29.2%10.0%2.8%
5 Yearn/a-3.0%-11.0%27.6%13.5%

Price Volatility Vs. Market

How volatile is Mitsubishi Materials's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mitsubishi Materials undervalued compared to its fair value and its price relative to the market?

0.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MIMT.F ($23.87) is trading above our estimate of fair value ($14.06)

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


Price To Earnings Ratio

PE vs Industry: MIMT.F is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: MIMT.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MIMT.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MIMT.F is good value based on its PB Ratio (0.4x) compared to the US Metals and Mining industry average (1x).


Next Steps

Future Growth

How is Mitsubishi Materials forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

61.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIMT.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: MIMT.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MIMT.F's is expected to become profitable in the next 3 years.

Revenue vs Market: MIMT.F's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: MIMT.F's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MIMT.F's Return on Equity is forecast to be low in 3 years time (5.1%).


Next Steps

Past Performance

How has Mitsubishi Materials performed over the past 5 years?

-43.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIMT.F is currently unprofitable.

Growing Profit Margin: MIMT.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MIMT.F is unprofitable, and losses have increased over the past 5 years at a rate of -43.8% per year.

Accelerating Growth: Unable to compare MIMT.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MIMT.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-22.3%).


Return on Equity

High ROE: MIMT.F has a negative Return on Equity (0.61%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mitsubishi Materials's financial position?


Financial Position Analysis

Short Term Liabilities: MIMT.F's short term assets (¥948.6B) exceed its short term liabilities (¥798.4B).

Long Term Liabilities: MIMT.F's short term assets (¥948.6B) exceed its long term liabilities (¥475.0B).


Debt to Equity History and Analysis

Debt Level: MIMT.F's debt to equity ratio (76.6%) is considered high.

Reducing Debt: MIMT.F's debt to equity ratio has reduced from 119.9% to 76.6% over the past 5 years.


Balance Sheet

Inventory Level: MIMT.F has a high level of physical assets or inventory.

Debt Coverage by Assets: MIMT.F's debt is covered by short term assets (assets are 1.7x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MIMT.F has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: MIMT.F has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

3.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIMT.F's dividend (3.86%) is higher than the bottom 25% of dividend payers in the US market (2.07%).

High Dividend: MIMT.F's dividend (3.86%) is low compared to the top 25% of dividend payers in the US market (5.82%).


Stability and Growth of Payments

Stable Dividend: MIMT.F has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MIMT.F's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: MIMT.F is paying a dividend but the company is unprofitable.


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?

3.0yrs

Average management tenure


CEO

Naoki Ono (62yo)

1.83s

Tenure

Mr. Naoki Ono has been Chief Executive Officer of Mitsubishi Materials Corporation since June 2019 and has been its Director since June 2016. Mr. Ono was the President of Mitsubishi Materials Corporation s ...


Leadership Team

NamePositionTenureCompensationOwnership
Naoki Ono
CEO & Director1.83yrsno data0.0085% ¥211.8k
Hiroyuki Watanabe
General Manager of Finance & Accounting Dept.1.25yrsno datano data
Osamu Iida
Executive VP3yrsno data0.0080% ¥199.3k
Jun Nagano
Exec. Officer & GM of Legal Dept.2.25yrsno datano data
Nobuyuki Suzuki
General Manager of Corporate Communications & General Affairs Departmentno datano datano data
Yoshikazu Yasui
Managing Executive Officer & GM of HR & General Affairs Dept5yrsno data0.0034% ¥85.4k
Yasunobu Suzuki
Senior Managing Executive Officer5yrsno data0.0054% ¥135.0k
Kazuhiro Kishi
Managing Executive Officer3yrsno data0.0052% ¥131.2k
Shinichi Nakamura
Managing Executive Officer2.17yrsno data0.0026% ¥65.9k
Makoto Shibata
Managing Executive Officer1.83yrsno data0.0022% ¥54.3k

3.0yrs

Average Tenure

61.5yo

Average Age

Experienced Management: MIMT.F's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Naoki Ono
CEO & Director1.83yrsno data0.0085% ¥211.8k
Makoto Shibata
Managing Executive Officer1.83yrsno data0.0022% ¥54.3k
Tatsuo Wakabayashi
Outside Director0.83yrno datano data
Akira Takeuchi
Chairman1.83yrsJP¥100.00m0.012% ¥308.7k
Hiroshi Watanabe
Outside Director2.83yrsno data0.00096% ¥24.0k
Hiroshi Sato
Outside Director0.83yrno data0.00048% ¥12.0k
Mariko Tokuno
Outside Director3.83yrsno data0.00098% ¥24.5k
Soichi Fukui
Director0.83yrno data0.0023% ¥58.3k
Naoto Kasai
Outside Director0.83yrno datano data
Hiroshi Kubota
Director0.83yrno data0.0021% ¥51.6k

0.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: MIMT.F's board of directors are not considered experienced ( 0.8 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

Mitsubishi Materials Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mitsubishi Materials Corporation
  • Ticker: MIMT.F
  • Exchange: OTCPK
  • Founded: 1871
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: JP¥271.705b
  • Listing Market Cap: JP¥2.504b
  • Shares outstanding: 130.94m
  • Website: https://www.mmc.co.jp

Number of Employees


Location

  • Mitsubishi Materials Corporation
  • 3-2, Otemachi 1-chome
  • Chiyoda-ku
  • Tokyo
  • 100-8117
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MUJDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
5711TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
MIMT.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 05:12
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.