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Mitsubishi Electric Corp 6503

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Stock XTKS Rating as of
JPY 2,458.00 −35.50 (1.42%)
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Company Report

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Mitsubishi Electric's Factory Automation Systems Business to Drive Long-Term Revenue Growth

Jason Kondo

Mitsubishi Electric utilizes its technology related to the control of electricity to cover a broad spectrum of business fields, including factory automation, or FA, elevators/escalators, social infrastructure equipment, satellite and communication equipment, and air conditioners. The company has the leading domestic share and/or top 5 global share in various products, including program logic controllers, or PLCs, for factory automation, electric systems equipment for trains, elevators/escalators, turbine generators, and power semiconductors. Its key growth drivers—FA systems, automobile equipment, and air conditioning systems/home appliances—together make up about 60% of revenue in fiscal 2022.

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Price vs Fair Value

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6503 is trading at a 13% premium.
Price
JPY 2,493.50
Fair Value
JPY 3,856.00
Uncertainty
Medium
1-Star Price
JPY 6,573.00
5-Star Price
JPY 2,756.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

The FA systems business is well positioned for growth as EV/battery and digital (semiconductor/5G) investments continue over the medium term.

Bears

Investors may demand that the company sell businesses with less growth potential and lower margins to improve overall ROIC levels.

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Trading Information

Previous Close Price
JPY 2,493.50
Day Range
JPY 2,431.00–2,512.00
52-Week Range
JPY 1,592.00–2,610.50
Bid/Ask
JPY 2,457.50 / JPY 2,460.00
Market Cap
JPY 5.13 Tril
Volume/Avg
6.2 Mil / 6.6 Mil

Key Statistics

Price/Earnings (Normalized)
19.66
Price/Sales
1.01
Dividend Yield (Trailing)
2.01%
Dividend Yield (Forward)
2.01%
Total Yield
2.74%

Company Profile

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company’s core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.
Sector
Industrials
Industry
Electrical Equipment & Parts
Stock Style Box
Large Core
Total Number of Employees
149,655
Website
https://www.mitsubishielectric.com

Competitors

Valuation

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Metric
6503
SIE
6645
Price/Earnings (Normalized)
 19.6614.5135.83
Price/Book Value
 1.533.011.33
Price/Sales
 1.011.801.19
Price/Cash Flow
 11.3412.3216.93
Price/Earnings
6503
SIE
6645

Financial Strength

Metric
6503
SIE
6645
Quick Ratio
 1.101.021.01
Current Ratio
 1.931.321.88
Interest Coverage
 30.687.36—
Quick Ratio
6503
SIE
6645

Profitability

Metric
6503
SIE
6645
Return on Assets (Normalized)
 5.00%5.14%2.70%
Return on Equity (Normalized)
 8.51%16.08%3.82%
Return on Invested Capital (Normalized)
 7.13%6.58%3.37%
Return on Assets
6503
SIE
6645
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