3099.T
Isetan Mitsukoshi Holdings Ltd.

Consumer Cyclical · Department Stores · valued as of 2026-11-03 · statements 2026-03-31

Average Intrinsic Value

5.91B USD

Market Cap

7.12B USD

Margin of Safety

-20.5%

Intrinsic / Market Ratio

0.83×

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

EPV + Growth

4.69B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

6.83B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

6.22B USD

15 years of cash for shareholders and lenders, less what is owed

Intrinsic Value

5.91B USD

the plain average of the three, uncapped, as the screener averages them

Intrinsic Value

5.91B USD

from the sum above

Market Cap

7.12B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.83×

the ratio the screener ranks by; Margin of Safety -20.5% (1 − Market Cap ÷ Intrinsic Value)

Each card below builds one of the three values from the reported years.

Earnings power value plus growth: 4.69B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)4.64B USD
+②Net Cash Today44.09M USD
+③Growth Value0 USD
=Value4.69B USD

EPV of the Operations (NOPAT over WACC)

4.64B USD

Net cash today

+44.09M USD

Growth Value

0 USD

Value

4.69B USD

①EPV (earnings power value)

4.64B USD

②Net Cash Today

44.09M USD

③Growth Value

0 USD

Market value

Market Cap7.12B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-51.9%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 6.83B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE3.54B USD
+②Equity at Year 15, Today3.29B USD
=Value6.83B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

3.54B USD

②Equity at Year 15, Today

3.29B USD

Market value

Market Cap7.12B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-4.3%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 6.22B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF3.18B USD
+②Invested Capital at Year 15, Today2.99B USD
+③Net Cash Today44.09M USD
=Value6.22B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

3.18B USD

②Invested Capital at Year 15, Today

2.99B USD

③Net Cash Today

44.09M USD

Market value

Market Cap7.12B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-14.5%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 5.01%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.13×Market Risk Premium 6.00%= 5.25%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 123.46M USDPretax Income 599.96M USD= 20.58%

The tax the interest saves.

Interest Expense =EBIT 605.29M USD−Pretax Income 599.96M USD= 5.33M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 5.33M USDTotal Debt 427.31M USD×(1 − Tax Rate for WACC 20.58%)= 0.99%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 427.31M USDMarket Cap + Total Debt 7.12B USD + 427.31M USD= 5.66%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 94.34%×Cost of Equity 5.25%+Debt Weight 5.66%×Cost of Debt 0.99%= 5.01%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 7.63B USD − Total Liabilities 3.74B USD = Book Value Today 3.88B USD

Total Debt 427.31M USD − Cash and Short-Term Investments 471.40M USD = Net Debt Today -44.09M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-6.6%at most 5%passes350,734,231 / 375,337,614
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets1.2%at least -10.0%passes(567.72M USD − 476.55M USD) ÷ 7.63B USD
Price to bookMarket Cap ÷ Book Value Today1.83×at most 3×passes7.12B USD ÷ 3.88B USD
Operating marginOperating Income ÷ Revenue14.7%above 10.0%passes501.15M USD ÷ 3.42B USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-8.1%above 10.0%does not pass3.42B USD / 3.72B USD
Net cash(Cash − Total Debt) ÷ Market Cap0.5%above -30%passes(465.92M USD − 427.31M USD) ÷ 7.12B USD
Operating efficiencyOperating Income ÷ Gross Profit23.8%above 25.0%does not pass501.15M USD ÷ 2.11B USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

1609.11 JPY

Enterprise value

1.15T JPY

the provider's own figure

EV / EBITDA

10.68×

Price / book

1.88×

the provider's book

Price / earnings

15.05×

Return on equity

—

the provider's figure, not this page's

Profit margin

14.5%

Revenue growth

3.8%

Analyst target, mean

1889.11 JPY

Analysts

9

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2023202420252026
Income statement

Revenue

3.66B3.55B3.72B3.42B

Gross profit

2.15B2.11B2.26B2.11B

Operating income

222.52M359.39M510.58M501.15M

EBITDA

operating income before depreciation and amortisation

407.49M535.42M713.43M758.29M

Pretax income

209.12M364.34M541.08M599.96M

Net income

243.31M367.38M353.35M476.55M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

264.74M411.62M392.14M438.42M

R&D

————
Balance sheet, year end

Total assets

9.15B8.10B8.07B7.63B

Total liabilities

5.00B4.13B4.03B3.74B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

4.11B3.93B4.03B3.88B

Total debt

1.24B798.17M577.58M427.31M

Cash and equivalents

794.27M450.64M259.55M465.92M

Net PP&E

fixed assets after depreciation

5.29B4.66B4.75B4.49B

Working capital

current assets less current liabilities

-871.54M-703.28M-832.48M-453.11M
Cash flow

Operating cash flow

498.25M376.07M599.22M567.72M

Capital expenditure

paid out, so below zero

-137.44M-181.61M-181.72M-192.19M

Depreciation and amortisation

192.54M166.25M167.64M152.99M

Free cash flow

operating cash flow plus capital expenditure

360.81M194.46M417.50M375.54M