Financials Mitsubishi UFJ Financial Group, Inc. Nyse

Equities

MUFG

US6068221042

Banks

Market Closed - Nyse Other stock markets 01:30:02 02/07/2024 am IST			5-day change	1st Jan Change
10.9 ^USD	+0.93%		+9.66%	+26.60%

28/06	Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Friday Trading	MT
26/06	Mitsubishi UFJ to Invest in Thai Digital Financial Services Provider Ascend Money	DJ

Valuation

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	71,07,381	51,88,021	76,00,186	95,90,952	99,66,660	2,03,99,500	-	-
Enterprise Value (EV) ¹	71,07,381	51,88,021	76,00,186	95,90,952	99,66,660	1,84,27,799	2,03,99,500	2,03,99,500
P/E ratio	8.22 x	9.84 x	9.78 x	8.6 x	9.35 x	12.5 x	13.2 x	12 x
Yield	4%	6.2%	4.23%	3.68%	3.77%	2.63%	2.89%	3.14%
Capitalization / Revenue	1.91 x	1.3 x	1.26 x	1.58 x	2.21 x	3.89 x	4.15 x	3.91 x
EV / Revenue	1.91 x	1.3 x	1.26 x	1.58 x	2.21 x	3.89 x	4.15 x	3.91 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	0.93 x	1 x	0.96 x
Nbr of stocks (in thousands)	1,29,22,510	1,28,73,502	1,28,44,661	1,26,14,694	1,17,54,523	1,16,63,522	-	-
Reference price ²	550.0	403.0	591.7	760.3	847.9	1,749	1,749	1,749
Announcement Date	15/05/19	15/05/20	17/05/21	16/05/22	15/05/23	15/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	37,25,720	39,86,304	60,25,336	60,75,887	45,03,000	47,32,524	49,20,452	52,23,384
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	10,78,582	11,84,445	12,48,400	12,16,700	15,94,200	18,43,772	19,39,160	21,31,550
Operating Margin	28.95%	29.71%	20.72%	20.03%	35.4%	38.96%	39.41%	40.81%
Earnings before Tax (EBT) ¹	11,45,327	8,29,443	10,42,036	14,89,857	15,69,923	20,50,104	22,84,027	22,82,817
Net income ¹	8,72,689	5,28,151	7,77,018	11,30,840	11,16,496	14,90,781	15,42,950	16,49,536
Net margin	23.42%	13.25%	12.9%	18.61%	24.79%	31.5%	31.36%	31.58%
EPS ²	66.91	40.95	60.49	88.45	90.73	124.6	132.7	145.3
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	41.00	50.55	55.00
Announcement Date	15/05/19	15/05/20	17/05/21	16/05/22	15/05/23	15/05/24	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	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	2025 Q4
Net sales ¹	35,85,298	-	31,39,256	14,54,692	29,58,419	14,04,499	17,12,969	11,24,813	31,89,404	43,14,217	24,79,550	9,23,000	12,41,301	12,46,119	-	28,42,013	11,13,398	11,11,312	12,63,976	12,06,805	13,06,516
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	7,40,455	3,54,048	6,37,500	2,95,530	2,83,670	4,25,185	-4,253	-	4,86,247	2,12,680	5,56,609	5,38,720	-	4,24,935	3,23,508	-	-	-	-
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%	29.06%	-	-	-	-
Earnings before Tax (EBT) ¹	7,86,104	-	5,72,619	5,59,171	10,55,941	4,00,266	33,650	2,41,043	2,92,701	5,33,744	2,50,621	7,85,558	7,03,061	-	12,37,093	5,23,619	2,89,392	-	-	-	-
Net income ¹	6,09,958	-	4,00,826	3,98,351	7,81,433	2,88,965	60,442	1,13,685	1,17,406	2,31,091	1,12,084	7,67,999	5,58,389	3,68,892	9,27,281	3,70,635	1,92,865	3,34,378	3,97,542	4,73,919	-
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%	17.32%	30.09%	31.45%	39.27%	-
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	16.61	25.86	35.50	33.83	29.37
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	15/05/24	-	-	-	-

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: March	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%	8.1%	7.95%	8.21%
ROA (Net income/ Total Assets)	0.44%	0.38%	0.3%	0.42%	0.27%	0.54%	0.41%	0.46%
Assets ¹	20,00,61,668	13,84,11,604	25,66,61,822	26,96,13,523	41,59,51,121	27,69,01,259	37,29,90,596	35,84,62,345
Book Value Per Share ²	1,252	1,245	1,308	1,350	1,433	1,670	1,742	1,817
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	15/05/19	15/05/20	17/05/21	16/05/22	15/05/23	15/05/24	-	-

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

BUY

Number of Analysts

Last Close Price

1,749 JPY

Average target price

1,756 JPY

Spread / Average Target

+0.39%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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