OTCPK:MITE.F

Stock Analysis Report

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Executive Summary

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. More Details


Snowflake Analysis

Proven track record and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

1.3%

MITE.F

11.7%

US Real Estate

1.0%

US Market


1 Year Return

n/a

MITE.F

-18.1%

US Real Estate

13.6%

US Market

Return vs Industry: Insufficient data to determine how MITE.F performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how MITE.F performed against the US Market.


Shareholder returns

MITE.FIndustryMarket
7 Day1.3%11.7%1.0%
30 Day0.3%19.2%-0.4%
90 Day4.0%10.9%8.9%
1 Yearn/a-15.9%-18.1%16.2%13.6%
3 Year-5.5%-5.5%-12.0%-18.6%40.2%30.8%
5 Year-27.0%-27.0%-10.4%-20.0%89.6%68.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

14.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MITE.F ($15.73) is trading above our estimate of fair value ($2.63)

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


Price To Earnings Ratio

PE vs Industry: MITE.F is good value based on its PE Ratio (14.7x) compared to the US Real Estate industry average (39x).

PE vs Market: MITE.F is good value based on its PE Ratio (14.7x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: MITE.F is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: MITE.F is overvalued based on its PB Ratio (1.3x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Mitsubishi Estate forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MITE.F's forecast earnings growth (7.7% per year) is above the savings rate (2.2%).

Earnings vs Market: MITE.F's earnings (7.7% per year) are forecast to grow slower than the US market (23.2% per year).

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

Revenue vs Market: MITE.F's revenue (3.7% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: MITE.F's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MITE.F's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Mitsubishi Estate performed over the past 5 years?

15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MITE.F has high quality earnings.

Growing Profit Margin: MITE.F's current net profit margins (11.7%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: MITE.F's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: MITE.F's earnings growth over the past year (11.6%) is below its 5-year average (15.3% per year).

Earnings vs Industry: MITE.F earnings growth over the past year (11.6%) exceeded the Real Estate industry -1.2%.


Return on Equity

High ROE: MITE.F's Return on Equity (8.6%) is considered low.


Next Steps

Financial Health

How is Mitsubishi Estate's financial position?


Financial Position Analysis

Short Term Liabilities: MITE.F's short term assets (¥1,105.4B) exceed its short term liabilities (¥649.9B).

Long Term Liabilities: MITE.F's short term assets (¥1,105.4B) do not cover its long term liabilities (¥3,318.3B).


Debt to Equity History and Analysis

Debt Level: MITE.F's debt to equity ratio (131.7%) is considered high.

Reducing Debt: MITE.F's debt to equity ratio has increased from 119.9% to 131.7% over the past 5 years.

Debt Coverage: MITE.F's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: MITE.F's interest payments on its debt are well covered by EBIT (17.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Mitsubishi Estate current dividend yield, its reliability and sustainability?

1.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MITE.F's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: MITE.F's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (4.68%).


Stability and Growth of Payments

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

Growing Dividend: MITE.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.5%), MITE.F'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?

3.4yrs

Average management tenure


CEO

Junichi Yoshida (62 yo)

3.42yrs

Tenure

JP¥161,000,000

Compensation

Mr. Junichi Yoshida has been Representative Corporate Executive Officer, President and Chief Executive Officer of Mitsubishi Estate Co., Ltd., since April 2017 and served as its Senior Executive Officer si ...


CEO Compensation Analysis

Compensation vs Market: Junichi's total compensation ($USD1.54M) is below average for companies of similar size in the US market ($USD11.31M).

Compensation vs Earnings: Junichi's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Junichi Yoshida
President3.42yrsJP¥161.00m0.0042%
¥ 880.5k
Akio Tamagawa
Investor Relations Officerno datano datano data
Masato Kawasaki
General Manager of Corporate Communications Departmentno datano datano data
Atsuo Kyono
Representative Corporate Executive Officer & Executive VP4.17yrsno data0.0028%
¥ 598.3k
Tetsuji Arimori
Representative Corporate Executive Officer2.17yrsno data0.0023%
¥ 488.7k
Junichi Tanisawa
Representative Corporate Executive Officer6.25yrsno data0.0030%
¥ 629.9k
Hidemi Waki
Executive VP & Representative Corporate Executive Officer0.42yrno data0.0031%
¥ 644.6k
Hiroshi Katayama
Senior Executive Officer & Director4.25yrsno data0.0022%
¥ 457.1k
Noboru Nishigai
Representative Corporate Executive Officer & Executive VP3.42yrsno data0.0020%
¥ 425.5k
Futoshi Chiba
Representative Corporate Executive Officer & Executive VP2.42yrsno data0.0020%
¥ 425.5k
Kenji Hosokane
Senior Executive Officer3.42yrsno data0.0019%
¥ 393.9k
Keiji Takano
Senior Executive Officerno datano data0.0014%
¥ 299.1k

3.4yrs

Average Tenure

62yo

Average Age

Experienced Management: MITE.F's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Junichi Yoshida
President3.42yrsJP¥161.00m0.0042%
¥ 880.5k
Tetsuji Arimori
Representative Corporate Executive Officer2.17yrsno data0.0023%
¥ 488.7k
Junichi Tanisawa
Representative Corporate Executive Officer6.25yrsno data0.0030%
¥ 629.9k
Hiroshi Katayama
Senior Executive Officer & Director4.25yrsno data0.0022%
¥ 457.1k
Bunroku Naganuma
Senior Executive Officer & Director1.67yrsno data0.0013%
¥ 282.3k
Hirotaka Sugiyama
Chairman of the Board3.42yrsJP¥141.00m0.0037%
¥ 787.8k
Toru Okusa
Director7.25yrsno data0.0022%
¥ 471.9k
Jo Kato
Director9.25yrsno data0.0049%
¥ 1.0m
Setsuko Egami
Independent Outside Director5.25yrsno datano data
Shin Ebihara
Independent Outside Director5.25yrsno datano data
Tsuyoshi Okamoto
Independent Outside Director1.25yrsno datano data
Tetsuo Narukawa
Independent Outside Director2.25yrsno datano data

4.3yrs

Average Tenure

66yo

Average Age

Experienced Board: MITE.F's board of directors are considered experienced (4.3 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

Mitsubishi Estate Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mitsubishi Estate Co., Ltd.
  • Ticker: MITE.F
  • Exchange: OTCPK
  • Founded: 1890
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: JP¥2.199t
  • Listing Market Cap: JP¥21.065b
  • Shares outstanding: 1.34b
  • Website: https://www.mec.co.jp

Number of Employees


Location

  • Mitsubishi Estate Co., Ltd.
  • Otemachi Park Building
  • 1-1, Otemachi 1-chome
  • Tokyo
  • 100-8133
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MITE.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 1975
MITE.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1975
8802TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1975
MESDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975

Biography

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings. It al ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 06:07
End of Day Share Price2020/09/16 00:00
Earnings2020/06/30
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.