Mitsubishi Materials Corporation

5711.T · Basic Materials · Other Industrial Metals & Mining · Valued as of 2026-11-03 · Statements 2026-03-31

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.

What it is worth

EPV + Growth

889.02M USD

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

Profit

4.58B USD

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

FCFF

4.72B USD

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

Average Intrinsic Value

3.40B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

4.15B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.82×

the ratio the screener ranks by

Margin of Safety

-22.4%

1 − Market Cap / Average Intrinsic Value

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.

Earnings power value plus growth: 889.02M 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)4.20B USD
−②Net Debt Today3.31B USD
+③Growth Value0 USD
=Value889.02M USD

EPV of the Operations (NOPAT over WACC)

4.20B USD

Net debt today

-3.31B USD

Growth Value

0 USD

Value

889.02M USD

①EPV (earnings power value)

4.20B USD

②Net Debt Today

3.31B USD

③Growth Value

0 USD

Market value

Market Cap4.15B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-367.4%

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): 4.58B 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 FCFE2.41B USD
+②Equity at Year 15, Today2.18B USD
=Value4.58B 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 rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

2.41B USD

②Equity at Year 15, Today

2.18B USD

Market value

Market Cap4.15B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+9.4%

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): 4.72B 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).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 4.72B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap4.15B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+11.9%

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: 5.31%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.82×Market Risk Premium 6.00%= 9.45%

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 92.60M USDPretax Income 387.03M USD= 23.93%

The tax the interest saves.

Interest Expense =EBIT 446.46M USD−Pretax Income 387.03M USD= 59.43M USD

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

Cost of Debt =Interest Expense 59.43M USDTotal Debt 4.08B USD×(1 − Tax Rate for WACC 23.93%)= 1.11%

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

Debt Weight =Total Debt 4.08B USDMarket Cap + Total Debt 4.15B USD + 4.08B USD= 49.57%

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

WACC =Equity Weight 50.43%×Cost of Equity 9.45%+Debt Weight 49.57%×Cost of Debt 1.11%= 5.31%

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 18.79B USD − Total Liabilities 14.07B USD = Book Value Today 4.72B USD

Total Debt 4.08B USD − Cash and Short-Term Investments 770.40M USD = Net Debt Today 3.31B 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 − 10.0%at most 5%passes130,677,441 / 130,630,378
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets0.0%at least -10.0%passes(248.46M USD − 254.14M USD) ÷ 18.79B USD
Price to bookMarket Cap ÷ Book Value Today0.88×at most 3×passes4.15B USD ÷ 4.72B USD
Operating marginOperating Income ÷ Revenue3.3%above 10.0%does not pass378.90M USD ÷ 11.55B USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-12.0%above 10.0%does not pass11.55B USD / 13.13B USD
Net cash(Cash − Total Debt) ÷ Market Cap-79.7%above -30%does not pass(770.40M USD − 4.08B USD) ÷ 4.15B USD
Operating efficiencyOperating Income ÷ Gross Profit30.4%above 25.0%passes378.90M USD ÷ 1.25B USD

Market Data

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

Share price

4985.98 JPY

Enterprise value

1.22T JPY

the provider's own figure

EV / EBITDA

8.45×

Price / book

0.84×

the provider's book

Price / earnings

16.03×

Return on equity

14.5%

the provider's figure, not this page's

Profit margin

4.8%

Revenue growth

38.4%

Analyst target, mean

5695.69 JPY

Analysts

5

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

12.22B10.18B13.13B11.55B

Gross profit

1.33B979.21M1.11B1.25B

Operating income

376.32M153.85M248.34M378.90M

EBITDA

operating income before depreciation and amortisation

502.50M675.79M709.30M758.87M

Pretax income

111.00M304.25M334.27M387.03M

Net income

152.78M196.93M227.98M254.14M

Normalized income

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

287.61M250.88M336.15M433.64M

R&D

————
Balance sheet, year end

Total assets

14.22B14.33B15.92B18.79B

Total liabilities

9.49B9.80B11.28B14.07B

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

4.46B4.32B4.53B4.61B

Total debt

4.01B3.99B3.97B4.08B

Cash and equivalents

1.07B891.82M612.88M770.40M

Net PP&E

fixed assets after depreciation

3.20B3.12B2.97B2.72B

Working capital

current assets less current liabilities

2.24B1.91B1.12B1.21B
Cash flow

Operating cash flow

339.41M339.42M393.99M248.46M

Capital expenditure

paid out, so below zero

-576.49M-548.32M-403.36M-323.43M

Depreciation and amortisation

346.30M320.20M316.35M312.41M

Free cash flow

operating cash flow plus capital expenditure

-237.08M-208.89M-9.37M-74.97M