OTCPK:MTSF.Y

Stock Analysis Report

Executive Summary

Mitsui Fudosan Co., Ltd. operates as a real estate company in Japan.


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Mitsui Fudosan's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.4%

MTSF.Y

-1.6%

US Real Estate

-1.1%

US Market


1 Year Return

11.7%

MTSF.Y

6.5%

US Real Estate

17.9%

US Market

Return vs Industry: MTSF.Y exceeded the US Real Estate industry which returned 6.5% over the past year.

Return vs Market: MTSF.Y underperformed the US Market which returned 17.9% over the past year.


Shareholder returns

MTSF.YIndustryMarket
7 Day-1.4%-1.6%-1.1%
30 Day3.9%1.5%1.4%
90 Day3.6%7.4%6.9%
1 Year11.7%11.7%7.4%6.5%20.3%17.9%
3 Yearn/a27.7%24.6%47.8%38.3%
5 Yearn/a15.0%11.2%71.9%53.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Mitsui Fudosan undervalued compared to its fair value and its price relative to the market?

16.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MTSF.Y ($79.26) is trading above our estimate of fair value ($15)

Significantly Below Fair Value: MTSF.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MTSF.Y is good value based on its PE Ratio (17x) compared to the Real Estate industry average (22.8x).

PE vs Market: MTSF.Y is good value based on its PE Ratio (17x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: MTSF.Y is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: MTSF.Y is good value based on its PB Ratio (1.2x) compared to the US Real Estate industry average (1.4x).


Next Steps

Future Growth

How is Mitsui Fudosan forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTSF.Y's forecast earnings growth (4.7% per year) is above the savings rate (1.7%).

Earnings vs Market: MTSF.Y's earnings (4.7% per year) are forecast to grow slower than the US market (14.1% per year).

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

Revenue vs Market: MTSF.Y's revenue (2.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: MTSF.Y's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTSF.Y's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

How has Mitsui Fudosan performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTSF.Y has high quality earnings.

Growing Profit Margin: MTSF.Y's current net profit margins (8.8%) are lower than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: MTSF.Y's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: MTSF.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MTSF.Y had negative earnings growth (-9.3%) over the past year, making it difficult to compare to the Real Estate industry average (-31.1%).


Return on Equity

High ROE: MTSF.Y's Return on Equity (6.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mitsui Fudosan's financial position?


Financial Position Analysis

Short Term Liabilities: MTSF.Y's short term assets (¥2,333.3B) exceed its short term liabilities (¥1,127.6B).

Long Term Liabilities: MTSF.Y's short term assets (¥2,333.3B) do not cover its long term liabilities (¥3,657.6B).


Debt to Equity History and Analysis

Debt Level: MTSF.Y's debt to equity ratio (137.2%) is considered high.

Reducing Debt: MTSF.Y's debt to equity ratio has increased from 110.4% to 137.2% over the past 5 years.

Debt Coverage: MTSF.Y's debt is not well covered by operating cash flow (3.2%).

Interest Coverage: MTSF.Y's interest payments on its debt are well covered by EBIT (12.3x coverage).


Balance Sheet

Inventory Level: MTSF.Y has a high level of physical assets or inventory.

Debt Coverage by Assets: MTSF.Y's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is Mitsui Fudosan's current dividend yield, its reliability and sustainability?

1.50%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%1.4%markettop25%3.7%industryaverage2.3%forecastin3Years1.7%

Current dividend yield vs market & industry

Notable Dividend: MTSF.Y's dividend (1.5%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: MTSF.Y's dividend (1.5%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: MTSF.Y's dividends per share have been stable in the past 10 years.

Growing Dividend: MTSF.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.7%), MTSF.Y'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?

6.8yrs

Average management tenure


CEO

Masanobu Komoda (65yo)

8.7yrs

Tenure

JP¥227,000,000

Compensation

Mr. Masanobu Komoda has been the President and Chief Executive Officer of Mitsui Fudosan Co., Ltd. since June 2011. Mr. Komoda served as the Managing Director of Mitsui Fudosan Residential Co., Ltd. He ser ...


CEO Compensation Analysis

Compensation vs Market: Masanobu's total compensation ($USD2.03M) is below average for companies of similar size in the US market ($USD10.81M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Masanobu Komoda
President8.7yrsJP¥227.00m0.0031% ¥787.0k
Yoshikazu Kitahara
MD, Executive VP & Director8.7yrsJP¥136.00m0.00041% ¥104.8k
Yasuo Onozawa
MD, Senior Executive Managing Officer & Director3.7yrsJP¥104.00m0.0016% ¥408.8k
Kiyotaka Fujibayashi
MD, Senior Executive Managing Officer6.7yrsJP¥107.00m0.00056% ¥143.1k
Yousuke Seko
Managing Officer & GM of General Administration Department0yrsno datano data
Shingo Kawabata
Investor Relations Contact0yrsno datano data
Makoto Tokuda
Managing Officer & GM of Corporate Communications Department0yrsno datano data
Hiroki Saito
Managing Officer & GM of Personnel Department0yrsno datano data
Hiroyuki Ishigami
MD, Senior Executive Managing Officer2.7yrsno data0.00061% ¥155.9k
Takashi Yamamoto
MD, Senior Executive Managing Officer2.7yrsno data0.00092% ¥235.1k

6.8yrs

Average Tenure

62yo

Average Age

Experienced Management: MTSF.Y's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Masanobu Komoda
President8.7yrsJP¥227.00m0.0031% ¥787.0k
Yoshikazu Kitahara
MD, Executive VP & Director8.7yrsJP¥136.00m0.00041% ¥104.8k
Yasuo Onozawa
MD, Senior Executive Managing Officer & Director3.7yrsJP¥104.00m0.0016% ¥408.8k
Kiyotaka Fujibayashi
MD, Senior Executive Managing Officer6.7yrsJP¥107.00m0.00056% ¥143.1k
Hiroyuki Ishigami
MD, Senior Executive Managing Officer2.7yrsno data0.00061% ¥155.9k
Takashi Yamamoto
MD, Senior Executive Managing Officer2.7yrsno data0.00092% ¥235.1k
Wataru Hamamoto
Executive Managing Officer0.7yrsno data0.0016% ¥403.7k
Masako Egawa
MD & Outside Director4.7yrsno data0.00025% ¥63.9k
Masafumi Nogimori
MD & Outside Director2.7yrsno data0.000040% ¥10.2k
Hiromichi Iwasa
Chairman8.7yrsJP¥227.00m0.0066% ¥1.7m

4.2yrs

Average Tenure

62yo

Average Age

Experienced Board: MTSF.Y's board of directors are considered experienced (4.2 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

Mitsui Fudosan Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mitsui Fudosan Co., Ltd.
  • Ticker: MTSF.Y
  • Exchange: OTCPK
  • Founded: 1941
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: JP¥2.854t
  • Listing Market Cap: JP¥25.552b
  • Shares outstanding: 976.06m
  • Website: https://www.mitsuifudosan.co.jp

Number of Employees


Location

  • Mitsui Fudosan Co., Ltd.
  • 1-1, Nihonbashi-Muromachi 2-chome
  • Chuo-ku
  • Tokyo
  • 103-0022
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTSF.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
8801TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
MFUDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
MTSF.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Mitsui Fudosan Co., Ltd. operates as a real estate company in Japan. The company operates through Leasing, Property Sales, Management, Mitsui Home, and Other segments. The Leasing segment leases office buildings, retail properties, logistics facilities, housing, and other properties primarily in the Tokyo metropolitan area. The Property Sales segment is involved in the sale of condominiums and detached housing to individuals; and sale of income properties, such as offices, retail properties, rental housing, and logistics facilities, etc. to investors. The Management segment engages in the operation and management of office buildings, and retail and residential properties; and provision of car park leasing and asset management services, as well as offers brokerage services for individuals under the Mitsui Rehouse brand name. The Mitsui Home segment offers construction contracting services for new homes and others. The Other segment develops and operates Mitsui Garden Hotels; and resort facilities, such as AMANEMU and HAIMURUBUSHI. It also engages in the housing remodeling; golf course management; and mega-solar businesses. Mitsui Fudosan Co., Ltd. was founded in 1941 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 Analysis2020/02/23 01:46
End of Day Share Price2020/02/21 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.