Mitsubishi Ufj Financial Group Inc. (MUFG) intrinsic value & 10-year financials
Mitsubishi Ufj Financial Group Inc. (MUFG) has a Graham intrinsic value of ¥5,018.56 per share. Over the last 10 fiscal years revenue grew 6.2% a year to ¥2.4T, with an average return on invested capital of -2.6%.
- Graham intrinsic value
- ¥5,018.56
- Revenue (FY2026)
- ¥2.4T
- Revenue growth (10-yr CAGR)
- 6.2%
- ROIC (10-yr avg)
- -2.6%
- Free cash flow (FY2026)
- -¥3.7T
MUFG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | ¥2.4T | ¥1.7T | ¥151.09 | -¥3.7T | 97.7% | -2.9% |
| FY2025 | ¥2.2T | ¥1.3T | ¥108.18 | ¥897.1B | 71.6% | -1.8% |
| FY2024 | ¥1.9T | ¥1.3T | ¥110.58 | -¥1.6T | 97.0% | -2.4% |
| FY2023 | ¥1.7T | ¥599.9B | ¥48.39 | ¥2.0T | 92.7% | -2.5% |
| FY2022 | ¥1.7T | -¥83.3B | -¥6.93 | ¥806.4B | 74.3% | -1.9% |
| FY2021 | ¥1.5T | ¥1.1T | ¥86.56 | -¥361.8B | 81.8% | -2.0% |
| FY2020 | ¥1.5T | ¥306.0B | ¥23.47 | -¥1.5T | 78.2% | -2.6% |
| FY2019 | ¥1.4T | ¥718.6B | ¥54.74 | ¥101.9B | 74.5% | -2.8% |
| FY2018 | ¥1.5T | ¥1.2T | ¥92.10 | -¥722.8B | 83.7% | -3.2% |
| FY2017 | ¥1.4T | ¥202.7B | ¥14.68 | ¥568.4B | 98.7% | -4.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in JPY.
Executive summary
MITSUBISHI UFJ FINANCIAL GROUP INC has demonstrated mature, steady growth, with revenue compounding at 6.2% annually over the past decade.
MITSUBISHI UFJ FINANCIAL GROUP INC has historically struggled to out-earn its cost of capital, averaging just -2.6% ROIC.
Over the decade, MITSUBISHI UFJ FINANCIAL GROUP INC shows that management has aggressively returned capital to shareholders by retiring 16.1% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MITSUBISHI UFJ FINANCIAL GROUP INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5018.56 per share.