Mullion Co., Ltd. (3494) AI Stock Analysis

• Market Cap: ¥2.91B
• Dividend Yield: 1.68%
• Average Volume (3M): 43.67K
• Price to Earnings (P/E): 6.2
• Beta (1Y): 2.09
• Revenue Growth: 13.14%
• EPS Growth: 34.11%
• Country: JP
• Employees: 20
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 50.50
• Shares Outstanding: 8,011,000
• 10 Day Avg. Volume: 16,300
• 30 Day Avg. Volume: 43,670
• PEG Ratio: 0.22
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 1.08
• P/FCF Ratio: 3.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ¥413.00 ▲(9.55% Upside)

Mullion Co., Ltd. has a strong financial performance with significant revenue growth and profitability, contributing positively to the score. The valuation indicates the stock is undervalued, which is a strong positive factor. However, technical analysis shows bearish trends and weak momentum, which weigh down the overall score.

Positive Factors

Revenue Growth

The significant revenue growth indicates robust demand and effective market penetration, which supports long-term business expansion and sustainability.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling the company to invest in growth opportunities and manage debt effectively over time.

Profitability Improvements

Improved profitability through efficient cost management strengthens the company's competitive position and ability to reinvest in innovation and growth.

Negative Factors

High Debt Levels

High debt levels can limit financial flexibility and increase vulnerability to economic downturns, potentially impacting long-term stability.

Operational Efficiency

Limited operational efficiency may hinder profitability and growth potential, necessitating strategic initiatives to optimize operations and reduce costs.

Free Cash Flow Efficiency

Improving free cash flow efficiency is crucial for sustaining long-term investments and financial health, ensuring the company can capitalize on growth opportunities.

Mullion Co., Ltd. Business Overview & Revenue Model

Company Description

Mullion Co., Ltd. (3494) is a leading company in the manufacturing and distribution sector, specializing in high-quality electronic components and systems for various industries, including telecommunications, automotive, and consumer electronics. The company focuses on innovation and technological advancement to deliver cutting-edge products that meet the evolving demands of its global clientele.

How the Company Makes Money

Mullion Co., Ltd. generates revenue primarily through the sale of its electronic components and systems. The company has established key revenue streams from both direct sales to manufacturers and partnerships with major industry players, which allow it to leverage larger distribution networks. Additionally, Mullion may engage in research and development collaborations that lead to new product innovations, further enhancing its market presence and profitability. By catering to diverse sectors and maintaining strong relationships with suppliers and customers, the company ensures a steady flow of income.

Mullion Co., Ltd. Financial Statement Overview

Summary

Mullion Co., Ltd. exhibits strong financial health with impressive revenue growth and profitability improvements. The company has shown resilience in cash flow generation, though high debt levels warrant caution.

Income Statement

Mullion Co., Ltd. has demonstrated strong revenue growth with a 20.75% increase in the latest year, indicating robust demand in its sector. The gross profit margin has improved, reflecting efficient cost management. The net profit margin has also increased, showcasing enhanced profitability. However, the EBIT and EBITDA margins, while healthy, suggest there is room for operational efficiency improvements.

Balance Sheet

The company maintains a high debt-to-equity ratio, which could pose financial risks if not managed carefully. However, the return on equity has improved, indicating better utilization of shareholder funds. The equity ratio suggests a moderate reliance on equity financing, which is typical for the real estate industry.

Cash Flow

Operating cash flow has remained strong, supporting net income effectively. The free cash flow has shown significant growth, indicating improved cash generation capabilities. However, the free cash flow to net income ratio suggests that there is still potential to enhance cash flow efficiency relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.70B	3.25B	2.88B	2.81B	2.16B	1.84B
Gross Profit	1.12B	1.38B	1.19B	906.09M	819.57M	841.17M
EBITDA	852.66M	1.09B	933.00M	485.57M	383.03M	509.00M
Net Income	282.94M	459.54M	342.26M	142.49M	60.40M	87.55M
Balance Sheet
Total Assets	19.21B	18.80B	18.82B	18.74B	15.38B	16.03B
Cash, Cash Equivalents and Short-Term Investments	1.25B	1.85B	1.48B	1.47B	849.13M	690.09M
Total Debt	9.13B	8.34B	8.74B	9.54B	6.62B	7.48B
Total Liabilities	14.85B	14.03B	14.49B	14.74B	11.50B	12.17B
Stockholders Equity	4.36B	4.77B	4.33B	4.00B	3.88B	3.85B
Cash Flow
Free Cash Flow	0.00	910.63M	472.01M	-2.60B	940.15M	-710.28M
Operating Cash Flow	0.00	1.58B	1.74B	1.35B	969.51M	146.85M
Investing Cash Flow	0.00	-795.02M	-1.26B	-3.88B	-54.17M	-859.61M
Financing Cash Flow	0.00	-461.71M	-468.77M	3.17B	-776.29M	37.73M

Mullion Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 377.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3494, the sentiment is Negative. The current price of 377 is above the 20-day moving average (MA) of 371.15, above the 50-day MA of 372.34, and below the 200-day MA of 399.54, indicating a bearish trend. The MACD of -1.09 indicates Positive momentum. The RSI at 42.56 is Neutral, neither overbought nor oversold. The STOCH value of 16.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3494.

Mullion Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8996	75 Outperform	¥3.70B	6.62	―	0.50%	12.29%	139.06%
3297	73 Outperform	¥3.39B	9.75	―	3.33%	4.57%	49.68%
3494	70 Outperform	¥2.91B	6.22	―	1.68%	13.14%	34.11%
3490	66 Neutral	¥4.51B	13.35	―	1.03%	5.69%	15.12%
8912	66 Neutral	¥2.32B	18.76	―	2.00%	6.86%	10.06%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
8836	55 Neutral	¥2.88B	221.57	―	―	10.68%	―