Marubeni (8002) AI Stock Analysis

• Market Cap: ¥8.57T
• Dividend Yield: 2.29%
• Average Volume (3M): 3.91M
• Price to Earnings (P/E): 14.8
• Beta (1Y): 1.42
• Revenue Growth: 9.62%
• EPS Growth: 25.71%
• Country: JP
• Employees: 45,995
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): N/A
• Shares Outstanding: 1,676,379,500
• 10 Day Avg. Volume: 4,791,050
• 30 Day Avg. Volume: 3,907,276
• PEG Ratio: 0.95
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.51
• P/FCF Ratio: 9.40
• 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: ¥4,913.34
• Price Target Upside: -3.94% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ¥5,652.00 ▲(10.50% Upside)

Marubeni's strong financial performance and technical momentum are the primary drivers of its stock score. While the company is financially robust, technical indicators suggest caution due to overbought conditions. Valuation is fair, providing a balanced risk-reward profile.

Positive Factors

Diversified business model across sectors

Marubeni's multi-sector sogo shosha model—trading, project development, upstream investments and logistics—provides diversified, recurring revenue streams. This structural diversification reduces dependence on any single commodity cycle and supports resilience across 2–6 month to multi-year cycles.

Strong free cash flow growth

A near 18% TTM free cash flow growth indicates durable cash generation capacity, enabling reinvestment in projects, dividend support, and balance sheet repair. Sustainable FCF helps fund longer-term investments and cushions cyclical downturns in commodity-linked businesses.

Solid capital structure and return on equity

Moderate leverage combined with a ~14% ROE and a 41.7% equity ratio indicates efficient capital use and financial flexibility. This structural balance supports project financing, strategic investments and dividend capacity while leaving room to absorb shocks over the medium term.

Negative Factors

Rising total debt

An uptick in total debt raises structural refinancing and interest-rate exposure risk. If higher leverage persists, it can constrain investment flexibility, elevate fixed costs and reduce resilience to commodity or project setbacks over the coming months unless matched by stronger cash generation or active deleveraging.

Decline in operating cash flow

Slipping operating cash flow signals weaker cash conversion from core activities, which can strain the funding of capex, project commitments and dividends. Persistent declines would undermine the recent FCF gains and limit ability to absorb cyclical pressures or repay rising debt.

Slight margin compression

A falling gross margin suggests rising input, logistics, or restructuring costs that compress profitability. Over several quarters, margin erosion can reduce operating cash and ROE, pressuring investment returns and making the business more sensitive to commodity and supply-chain volatility.

Marubeni Business Overview & Revenue Model

Company Description

Marubeni Corporation engages in various business activities worldwide. The company trades in grains, feed ingredients, compound feeds, foods, agricultural and fishery products, and fresh and processed meat; and apparel, footwear, lifestyle, and textile and industrial materials. It also provides agri-inputs, contracting services for fertilizer application and crop protection products, technical services, crop protection product formulations, fertilizers, and oilseeds; ICT and real estate services; petrochemicals and plastics, salts and chlor-alkalis, life science products, electronic materials, and inorganic mineral resources and chemicals; and wood chips, biomass fuels, pulp and waste papers, paper, paperboards, sanitary, and building and construction materials, as well as wood products. In addition, the company explores for, develops, and produces oil and gas; trades in, distributes, and markets petroleum and LPG; develops uranium, nuclear fuel cycle, iron ore, coal, and copper mines, as well as related equipment sales and services; smelts and refines aluminum and magnesium; trades in iron ore, coking coal, non-ferrous metals, ingots and related products, and steel products; and leases temporary steel construction materials. Further, it offers engineering, procurement, and construction, as well as operation and maintenance services for railway systems, water, industrial plants, and waste-to-energy power plants; energy and transportation infrastructure, and water business; and manages infrastructure funds, as well as engages in the power generation, renewable energy, power service and retail, natural gas, hydrogen, ammonia, municipal solid waste, and thermal energy storage businesses. Additionally, it owns, purchases, operates, leases, sells, and charters aerospace and ship products; and sells, trades in, leases, finances, and services construction and industrial machinery, and mobility products. The company was founded in 1858 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Marubeni generates revenue through a diverse range of business activities, primarily by acting as an intermediary in the trading of goods and services across multiple sectors. Key revenue streams include the import and export of commodities such as food products, industrial equipment, and chemicals, as well as investments in infrastructure projects that yield returns over time. The company has established significant partnerships with various firms and governments, enabling it to participate in joint ventures and large-scale projects, particularly in the energy and infrastructure sectors. Additionally, Marubeni earns income from its investments in real estate and other financial instruments, further diversifying its revenue base.

Marubeni Financial Statement Overview

Summary

Marubeni demonstrates strong financial performance with consistent revenue growth and profitability. The balance sheet is stable with manageable leverage, and cash flow generation is robust. However, there are areas for improvement, such as managing debt levels and maintaining cash flow growth.

Income Statement

Marubeni's income statement shows a stable revenue growth rate of 2.53% in the TTM period, indicating a positive trajectory. The gross profit margin of 14.46% and net profit margin of 6.51% reflect solid profitability. EBIT and EBITDA margins are healthy at 5.46% and 7.97%, respectively, suggesting efficient operations. However, the slight decline in gross profit margin from the previous year indicates potential cost pressures.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.73, indicating a balanced leverage position. Return on equity is strong at 14.37%, showcasing effective use of equity to generate profits. The equity ratio stands at 41.74%, reflecting a solid capital structure. However, the increase in total debt over the past year could pose a risk if not managed carefully.

Cash Flow

Marubeni's cash flow statement highlights a robust free cash flow growth rate of 17.92% in the TTM period, indicating strong cash generation capabilities. The operating cash flow to net income ratio of 0.19 and free cash flow to net income ratio of 0.67 suggest efficient cash conversion. However, the decline in operating cash flow from the previous year warrants attention.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.10T	7.79T	7.25T	9.19T	8.51T	6.33T
Gross Profit	1.14T	1.15T	1.07T	1.05T	895.33B	675.42B
EBITDA	695.00B	616.02B	505.96B	578.30B	457.11B	307.84B
Net Income	570.34B	502.96B	470.46B	540.45B	421.35B	219.33B
Balance Sheet
Total Assets	9.29T	9.20T	8.92T	7.95T	8.26T	6.94T
Cash, Cash Equivalents and Short-Term Investments	584.34B	569.53B	506.27B	610.31B	578.72B	745.98B
Total Debt	2.65T	2.78T	2.41T	2.49T	2.82T	2.92T
Total Liabilities	5.27T	5.43T	5.36T	5.12T	6.06T	5.27T
Stockholders Equity	3.88T	3.63T	3.46T	2.73T	2.10T	1.57T
Cash Flow
Free Cash Flow	397.96B	420.39B	289.10B	502.07B	210.11B	272.98B
Operating Cash Flow	557.51B	597.95B	442.47B	606.33B	311.92B	397.07B
Investing Cash Flow	-166.69B	-367.03B	-350.26B	163.77B	-82.88B	-115.97B
Financing Cash Flow	-291.37B	-150.31B	-238.33B	-773.56B	-416.42B	-68.79B

Marubeni Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5115.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8002, the sentiment is Positive. The current price of 5115 is above the 20-day moving average (MA) of 4935.50, above the 50-day MA of 4526.78, and above the 200-day MA of 3495.16, indicating a bullish trend. The MACD of 182.61 indicates Positive momentum. The RSI at 66.51 is Neutral, neither overbought nor oversold. The STOCH value of 61.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8002.

Marubeni Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8015	77 Outperform	¥5.94T	16.09	13.49%	2.10%	5.32%	9.73%
8053	77 Outperform	$7.56T	12.40	12.86%	2.48%	3.19%	72.26%
8031	74 Outperform	¥14.37T	15.95	11.47%	2.28%	-1.33%	-7.40%
8002	71 Outperform	¥8.57T	14.83	15.34%	2.29%	9.62%	25.71%
8001	68 Neutral	$15.33T	14.82	15.80%	2.11%	0.93%	15.80%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8058	60 Neutral	¥15.53T	23.34	7.39%	2.94%	-7.54%	-35.70%