Financials Mitsubishi UFJ Financial Group, Inc

Equities

8306

JP3902900004

Banks

Market Closed - Japan Exchange Other stock markets 07:00:00 26/04/2024 BST			5-day change	1st Jan Change
1,552 ^JPY	+0.06%		+3.50%	+28.15%

04-26	Mirai Fixes Interest Rate on 1.5 Billion Yen Bank Loan from Mitsubishi UFJ Financial	MT
04-23	MUFG Reportedly Likely to Sweeten $1.7 Billion Offer for HDB Finance	CI

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,107,381	5,188,021	7,600,186	9,590,952	9,966,660	18,374,539	-	-
Enterprise Value (EV) ¹	7,107,381	5,188,021	7,600,186	9,590,952	9,966,660	18,374,539	18,374,539	18,374,539
P/E ratio	8.22 x	9.84 x	9.78 x	8.6 x	9.35 x	12.9 x	12.4 x	11.6 x
Yield	4%	6.2%	4.23%	3.68%	3.77%	2.66%	3.04%	3.26%
Capitalization / Revenue	1.91 x	1.3 x	1.26 x	1.58 x	2.21 x	4.01 x	3.78 x	3.64 x
EV / Revenue	1.91 x	1.3 x	1.26 x	1.58 x	2.21 x	4.01 x	3.78 x	3.64 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.44 x	0.32 x	0.45 x	0.56 x	0.59 x	0.99 x	0.93 x	0.88 x
Nbr of stocks (in thousands)	12,922,510	12,873,502	12,844,661	12,614,694	11,754,523	11,835,452	-	-
Reference price ²	550.0	403.0	591.7	760.3	847.9	1,552	1,552	1,552
Announcement Date	15/05/19	15/05/20	17/05/21	16/05/22	15/05/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,725,720	3,986,304	6,025,336	6,075,887	4,503,000	4,577,661	4,867,010	5,052,241
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	1,078,582	1,184,445	1,248,400	1,216,700	1,594,200	1,770,415	1,846,956	1,938,293
Operating Margin	28.95%	29.71%	20.72%	20.03%	35.4%	38.68%	37.95%	38.37%
Earnings before Tax (EBT) ¹	1,145,327	829,443	1,042,036	1,489,857	1,569,923	1,996,708	2,034,397	2,149,500
Net income ¹	872,689	528,151	777,018	1,130,840	1,116,496	1,420,059	1,463,945	1,562,324
Net margin	23.42%	13.25%	12.9%	18.61%	24.79%	31.02%	30.08%	30.92%
EPS ²	66.91	40.95	60.49	88.45	90.73	119.9	125.7	133.9
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	22.00	25.00	25.00	28.00	32.00	41.31	47.16	50.54
Announcement Date	15/05/19	15/05/20	17/05/21	16/05/22	15/05/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Maart	2020 S1	2020 S2	2021 S1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	3,585,298	-	3,139,256	1,454,692	2,958,419	1,404,499	1,712,969	1,124,813	3,189,404	4,314,217	2,479,550	923,000	1,241,301	1,246,119	-	2,842,013	939,040	1,043,489	1,205,655	1,176,738
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	740,455	354,048	637,500	295,530	283,670	425,185	-4,253	-	486,247	212,680	556,609	538,720	-	424,935	272,414	358,797	488,715	479,509
Operating Margin	-	-	23.59%	24.34%	21.55%	21.04%	16.56%	37.8%	-0.13%	-	19.61%	23.04%	44.84%	43.23%	-	14.95%	29.01%	34.38%	40.54%	40.75%
Earnings before Tax (EBT) ¹	786,104	-	572,619	559,171	1,055,941	400,266	33,650	241,043	292,701	533,744	250,621	785,558	703,061	-	1,237,093	523,619	427,500	-	-	-
Net income ¹	609,958	-	400,826	398,351	781,433	288,965	60,442	113,685	117,406	231,091	112,084	767,999	558,389	368,892	927,281	370,635	199,750	336,370	399,910	476,743
Net margin	17.01%	-	12.77%	27.38%	26.41%	20.57%	3.53%	10.11%	3.68%	5.36%	4.52%	83.21%	44.98%	29.6%	-	13.04%	21.27%	32.24%	33.17%	40.51%
EPS ²	47.20	-	31.21	31.03	60.87	22.57	5.010	9.030	9.470	18.50	9.190	63.04	46.44	30.67	77.11	30.93	12.79	27.58	35.45	38.48
Dividend per Share ²	12.50	12.50	12.50	13.50	13.50	-	14.50	-	-	16.00	-	16.00	-	20.50	20.50	-	20.50	-	-	-
Announcement Date	13/11/19	15/05/20	13/11/20	15/11/21	15/11/21	02/02/22	16/05/22	02/08/22	14/11/22	14/11/22	02/02/23	15/05/23	01/08/23	14/11/23	14/11/23	05/02/24	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: Maart	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	5.4%	3.3%	4.7%	6.7%	6.5%	8.14%	7.81%	8.03%
ROA (Net income/ Total Assets)	0.44%	0.38%	0.3%	0.42%	0.27%	0.4%	0.45%	0.48%
Assets ¹	200,061,668	138,411,604	256,661,822	269,613,523	415,951,121	354,421,216	327,746,387	327,757,971
Book Value Per Share ²	1,252	1,245	1,308	1,350	1,433	1,575	1,669	1,762
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	15/05/19	15/05/20	17/05/21	16/05/22	15/05/23	-	-	-

¹JPY in Million²JPY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Mitsubishi UFJ Financial Group, Inc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,552 JPY

Average target price

1,655 JPY

Spread / Average Target

+6.63%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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