Mugen Estate Co., Ltd. (JP:3299)
:3299
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Mugen Estate Co., Ltd.
(3299)
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Rating:69Neutral
Price Target:
¥2,689.00
▲(44.18% Upside)
Action:DowngradedDate:03/04/26
The score is driven primarily by strong recent profitability but is held back by weak and volatile cash flows and higher leverage. Technicals show a clear uptrend, though indicators are overbought, while valuation is a key positive due to the low P/E and high dividend yield.
Positive Factors
Improved profitability
Margin expansion to ~27% gross and ~9.8% net alongside ~16% EBIT in 2025 indicates the business has improved pricing power and operational efficiency. Sustained higher margins enhance cash generation per transaction and support reinvestment and returns even if volumes fluctuate seasonally.
Negative Factors
Elevated leverage
Debt rising to 62.7B and leverage near 1.75x equity amplifies downside risk in a property downturn, increases interest and refinancing exposure, and limits financial flexibility for opportunistic purchases or cushioning against sales slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
Margin expansion to ~27% gross and ~9.8% net alongside ~16% EBIT in 2025 indicates the business has improved pricing power and operational efficiency. Sustained higher margins enhance cash generation per transaction and support reinvestment and returns even if volumes fluctuate seasonally.
Read all positive factors
Mugen Estate Co., Ltd. (3299) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥55.61B
Dividend Yield6.02%
Average Volume (3M)98.55K
Price to Earnings (P/E)6.5
Beta (1Y)0.98
Revenue Growth1.33%
EPS Growth9.59%
CountryJP
Employees466
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)105.24
Shares Outstanding24,361,000
10 Day Avg. Volume88,690
30 Day Avg. Volume98,553
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)1.22
Price to Sales (P/S)0.64
P/FCF Ratio-4.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)322.3
Revenue Forecast (FY)¥95.50B
Mugen Estate Co., Ltd. Business Overview & Revenue Model
Company Description
MUGEN ESTATE Co.,Ltd. purchases and resells used real estate properties in Japan. It operates through Real Estate Trading Business, and Real Estate Leasing and Other Business segments. The company's property portfolio includes residential-type and...
How the Company Makes Money
Mugen Estate Co., Ltd. generates revenue through several key streams. Primarily, the company earns income from the sale and leasing of residential properties, where it develops and sells condominiums and single-family homes. Additionally, it engag...
Mugen Estate Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.63B | 68.26B | 62.19B | 51.64B | 31.24B | 33.96B |
| Gross Profit | 17.32B | 18.28B | 16.57B | 11.41B | 7.15B | 5.79B |
| EBITDA | 10.98B | 11.94B | 10.45B | 6.68B | 3.66B | 2.98B |
| Net Income | 6.34B | 6.66B | 6.09B | 3.65B | 1.56B | 1.28B |
Balance Sheet | ||||||
| Total Assets | 91.96B | 106.70B | 87.50B | 80.36B | 77.45B | 62.78B |
| Cash, Cash Equivalents and Short-Term Investments | 22.08B | 20.72B | 22.02B | 20.42B | 17.75B | 17.57B |
| Total Debt | 52.37B | 62.74B | 48.82B | 47.65B | 49.31B | 36.86B |
| Total Liabilities | 58.72B | 70.89B | 55.43B | 52.52B | 52.84B | 39.23B |
| Stockholders Equity | 33.24B | 35.80B | 32.08B | 27.84B | 24.60B | 23.55B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -10.58B | 2.42B | 4.86B | -11.65B | 2.13B |
| Operating Cash Flow | 0.00 | -6.76B | 2.60B | 5.37B | -11.49B | 3.31B |
| Investing Cash Flow | 0.00 | -4.97B | -312.00M | -498.00M | -157.00M | -1.22B |
| Financing Cash Flow | 0.00 | 10.40B | -825.00M | -2.15B | 11.85B | -621.00M |
Mugen Estate Co., Ltd. Technical Analysis
Positive
1865.00
Price Trends
2336.00
Negative
2096.14
Positive
2025.18
Positive
Market Momentum
-13.52
Negative
50.18
Neutral
84.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3299, the sentiment is Positive. The current price of 1865 is below the 20-day moving average (MA) of 2307.05, below the 50-day MA of 2336.00, and below the 200-day MA of 2025.18, indicating a neutral trend. The MACD of -13.52 indicates Negative momentum. The RSI at 50.18 is Neutral, neither overbought nor oversold. The STOCH value of 84.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3299.
Mugen Estate Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥6.25B | 11.79 | 2.90% | 4.53% | -15.55% | -41.48% | |
69 Neutral | ¥55.61B | 6.54 | ― | 6.02% | 1.33% | 9.59% | |
69 Neutral | ¥3.24T | 9.18 | 11.39% | 2.93% | 1.93% | 5.42% | |
68 Neutral | ¥57.68B | 6.36 | 6.98% | 7.35% | -21.50% | -56.82% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | ¥118.70B | 21.79 | 4.48% | 3.30% | -2.12% | 0.89% | |
58 Neutral | ¥12.79B | 9.02 | ― | 2.26% | 33.87% | 142.66% |
* Real Estate Sector Average
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Mugen Estate Co., Ltd. Corporate Events
Mugen Estate Revamps Board and Audit Lineup Ahead of 2026 Shareholders’ Meeting
Feb 20, 2026
Mugen Estate Co., Ltd. has announced a refreshed leadership slate, proposing the reappointment of Chairman Susumu Fujita and President Shinichi Fujita as representative directors, alongside outside directors Masashi Nitta, Kengo Maekawa and Sachik...
MUGEN ESTATE Marks 35th Year and Refines Capital-Efficient Growth Plan
Feb 13, 2026
MUGEN ESTATE Co., Ltd., a TSE Standard Market-listed real estate company, marked the 35th anniversary of its establishment on May 2, 2025, underscoring its long-standing presence in Japan’s property market. The company continues to position ...
Mugen Estate Sets Year-End Dividend at ¥69, Lifts Full-Year Payout
Feb 13, 2026
Mugen Estate Co., Ltd. has resolved to propose a year-end dividend of 69 yen per share for the fiscal year ended December 31, 2025, to be approved at its 36th ordinary shareholders’ meeting on March 26, 2026. The payout, totaling 1,620 milli...
Mugen Estate Lifts Earnings and Dividends, Projects Further Growth in FY2026
Feb 13, 2026
Mugen Estate Co., Ltd. reported consolidated net sales of ¥68.26 billion for the fiscal year ended December 31, 2025, up 9.8% year on year, with operating income rising 14.8% to ¥11.05 billion and profit attributable to owners of parent ...
Mugen Estate Lifts FY2025 Earnings and Dividend Forecast on Strong Property Sales
Jan 28, 2026
Mugen Estate has raised its consolidated earnings forecast for the fiscal year ended December 31, 2025, after better-than-expected progress in selling several large properties in its core real estate purchase and resale business. The company now p...
Mugen Estate Announces Organizational Restructuring for Growth
Dec 12, 2025
Mugen Estate Co., Ltd. announced a significant organizational restructuring effective January 1, 2026, aimed at optimizing management resources and enhancing sales efficiency. The changes include the reorganization of sales divisions and the estab...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.