Mullion Co., Ltd. (JP:3494)
:3494
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Mullion Co., Ltd.
(3494)
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Rating:59Neutral
Price Target:
¥368.00
▼(-2.39% Downside)
Action:DowngradedDate:03/24/26
The score is primarily supported by improving financial performance with strong recent growth and healthier margins, but capped by balance-sheet leverage and uneven free-cash-flow conversion. Technical indicators are broadly weak (below major moving averages with negative MACD), and valuation is only moderate with a modest dividend yield.
Positive Factors
Revenue Growth
Meaningful FY2025 revenue growth of +20.7% signals durable demand improvement and expanding contract or sales momentum. Over a 2–6 month horizon, a rising revenue base supports scalable margins, stronger cash generation potential, and a firmer earnings floor for reinvestment.
Negative Factors
Elevated Leverage
Debt-to-equity near 1.75x leaves balance sheet flexibility constrained and increases sensitivity to higher rates or revenue shocks. Even with improvement versus FY2023, elevated leverage limits capacity for aggressive capex, acquisitions or dividends and raises refinancing risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Meaningful FY2025 revenue growth of +20.7% signals durable demand improvement and expanding contract or sales momentum. Over a 2–6 month horizon, a rising revenue base supports scalable margins, stronger cash generation potential, and a firmer earnings floor for reinvestment.
Read all positive factors
Mullion Co., Ltd. (3494) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.81B
Dividend Yield1.68%
Average Volume (3M)43.67K
Price to Earnings (P/E)19.6
Beta (1Y)1.95
Revenue Growth13.14%
EPS Growth34.11%
CountryJP
Employees20
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)4.56
Shares Outstanding8,011,000
10 Day Avg. Volume16,300
30 Day Avg. Volume43,670
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.74
Price to Sales (P/S)1.08
P/FCF Ratio3.86
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)N/A
Revenue Forecast (FY)N/A
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. ...
Mullion Co., Ltd. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
58
Neutral
Cash Flow
62
Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.25B | 2.88B | 2.81B | 2.16B | 1.84B |
| Gross Profit | 1.14B | 1.19B | 906.09M | 819.57M | 841.17M |
| EBITDA | 1.02B | 933.00M | 485.57M | 383.03M | 509.00M |
| Net Income | 459.54M | 342.26M | 142.49M | 60.40M | 87.55M |
Balance Sheet | |||||
| Total Assets | 18.80B | 18.82B | 18.74B | 15.38B | 16.03B |
| Cash, Cash Equivalents and Short-Term Investments | 1.85B | 1.48B | 1.47B | 849.13M | 690.09M |
| Total Debt | 8.34B | 8.74B | 9.54B | 6.62B | 7.48B |
| Total Liabilities | 14.03B | 14.49B | 14.74B | 11.50B | 12.17B |
| Stockholders Equity | 4.77B | 4.33B | 4.00B | 3.88B | 3.85B |
Cash Flow | |||||
| Free Cash Flow | 910.63M | 472.01M | -2.60B | 940.15M | -710.28M |
| Operating Cash Flow | 1.58B | 1.74B | 1.35B | 969.51M | 146.85M |
| Investing Cash Flow | -795.02M | -1.26B | -3.88B | -54.17M | -859.61M |
| Financing Cash Flow | -461.71M | -468.77M | 3.17B | -776.29M | 37.73M |
Mullion Co., Ltd. Technical Analysis
Negative
377.00
Price Trends
372.38
Negative
373.23
Negative
405.83
Negative
Market Momentum
-5.29
Positive
38.48
Neutral
70.09
Neutral
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 361.50, above the 50-day MA of 372.38, and below the 200-day MA of 405.83, indicating a bearish trend. The MACD of -5.29 indicates Positive momentum. The RSI at 38.48 is Neutral, neither overbought nor oversold. The STOCH value of 70.09 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥12.11B | 11.85 | ― | 4.98% | 3.29% | -1.74% | |
76 Outperform | ¥21.74B | 12.03 | ― | 4.36% | 1.52% | 16.04% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥70.64B | 8.53 | ― | 2.89% | -3.09% | -35.66% | |
59 Neutral | ¥2.81B | 19.57 | ― | 1.68% | 13.14% | 34.11% | |
56 Neutral | ¥16.33B | 5.83 | ― | ― | 23.19% | 44.46% | |
49 Neutral | ¥8.98B | 7.29 | ― | 3.45% | 28.82% | 672.17% |
* Real Estate Sector Average
JP:3494
Mullion Co., Ltd.
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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.