MrMax Holdings Ltd. (8203) AI Stock Analysis

• Market Cap: ¥26.26B
• Dividend Yield: 2.92%
• Average Volume (3M): 125.47K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 0.23
• Revenue Growth: 6.70%
• EPS Growth: 7.79%
• Country: JP
• Employees: 708
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Discount Stores
• EPS (TTM): 31.36
• Shares Outstanding: 39,611,137
• 10 Day Avg. Volume: 234,010
• 30 Day Avg. Volume: 125,473
• PEG Ratio: 7.19
• Price to Book (P/B): 0.62
• Price to Sales (P/S): 0.16
• P/FCF Ratio: 6.13
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥831.00 ▲(7.09% Upside)

The overall stock score of 66 reflects a combination of strong valuation metrics and solid financial performance, offset by bearish technical indicators. The low P/E ratio and high dividend yield are significant positives, indicating potential undervaluation and income potential. However, the current negative market momentum and operational efficiency challenges are notable risks.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business model, supporting long-term financial stability.

Debt Management

Improved debt management enhances financial flexibility and reduces risk, supporting sustainable growth and investment capacity.

Cash Flow Generation

Positive cash flow growth indicates effective operational management, ensuring liquidity and the ability to fund future initiatives.

Negative Factors

Operational Efficiency

Operational inefficiencies can limit profitability and growth potential, necessitating improvements to enhance competitive positioning.

EBIT Margin Decline

A declining EBIT margin suggests rising costs or pricing pressures, which could impact long-term profitability if not addressed.

Return on Equity Decline

Decreasing return on equity indicates reduced efficiency in using shareholder funds, potentially affecting investor confidence and capital raising.

MrMax Holdings Ltd. Business Overview & Revenue Model

Company Description

MrMax Holdings Ltd. (8203) is a diversified company primarily operating in the retail sector, specializing in the sale of consumer goods and services. The company is well-known for its extensive range of products that includes electronics, household items, and personal care products. With a focus on providing quality goods at competitive prices, MrMax Holdings Ltd. caters to a wide array of customers, leveraging both physical store locations and an online shopping platform to reach its target market.

How the Company Makes Money

MrMax Holdings Ltd. generates revenue primarily through the sale of consumer products across its retail channels. The company's revenue model is built on a combination of in-store sales and e-commerce transactions, allowing it to tap into both traditional and digital shopping behaviors. Key revenue streams include direct sales of merchandise, seasonal promotions, and loyalty programs that encourage repeat purchases. Additionally, strategic partnerships with suppliers and manufacturers enable MrMax to offer exclusive products and competitive pricing, further enhancing its profitability. The company's focus on customer service and operational efficiency also contributes to its financial performance.

MrMax Holdings Ltd. Financial Statement Overview

Summary

MrMax Holdings Ltd. shows strong revenue growth and stable profitability margins. The company has improved its debt-to-equity ratio, indicating better leverage management. However, there are challenges in operational efficiency and return on equity, which slightly dampen the overall financial performance.

Income Statement

MrMax Holdings Ltd. has shown consistent revenue growth over the years, with a noticeable increase in gross profit margin from 23.7% to 24.9% from 2024 to 2025. The net profit margin slightly improved to 1.8% in 2025, indicating a stable profitability trajectory. However, the EBIT margin decreased from 3.5% in 2023 to 2.8% in 2025, suggesting some challenges in operational efficiency. EBITDA margin also saw a decline over the same period.

Balance Sheet

The company's debt-to-equity ratio improved significantly from 2022 to 2025, indicating better leverage management. The equity ratio remained stable, reflecting a solid equity position. However, the return on equity decreased from 11.7% in 2021 to 6.9% in 2025, suggesting reduced efficiency in generating profits from shareholders' equity.

Cash Flow

Free cash flow has shown positive growth from 2024 to 2025, driven by higher operating cash flow. However, the free cash flow to net income ratio indicates a moderate conversion of accounting profits into actual cash. The operating cash flow to net income ratio has improved, showing better cash generation from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	142.16B	136.57B	129.57B	126.90B	124.83B	131.79B
Gross Profit	35.46B	34.00B	32.01B	32.48B	31.67B	33.60B
EBITDA	7.25B	6.51B	5.56B	6.93B	6.86B	8.07B
Net Income	2.92B	2.48B	2.44B	3.43B	2.85B	3.54B
Balance Sheet
Total Assets	89.29B	83.20B	83.51B	81.93B	82.22B	82.31B
Cash, Cash Equivalents and Short-Term Investments	2.95B	1.75B	2.39B	3.14B	2.89B	2.87B
Total Debt	20.29B	19.89B	23.31B	24.49B	26.80B	26.07B
Total Liabilities	52.04B	47.14B	49.38B	49.48B	52.51B	54.44B
Stockholders Equity	37.25B	36.06B	34.13B	32.45B	29.70B	27.83B
Cash Flow
Free Cash Flow	0.00	3.64B	1.10B	947.00M	2.35B	8.06B
Operating Cash Flow	0.00	5.44B	3.93B	3.97B	3.52B	9.34B
Investing Cash Flow	0.00	-2.08B	-2.61B	-186.00M	-2.77B	-1.47B
Financing Cash Flow	0.00	-3.99B	-2.07B	-3.54B	-736.00M	-7.54B

MrMax Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 776.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8203, the sentiment is Negative. The current price of 776 is below the 20-day moving average (MA) of 781.60, below the 50-day MA of 785.82, and above the 200-day MA of 751.93, indicating a neutral trend. The MACD of -3.85 indicates Negative momentum. The RSI at 47.52 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8203.

MrMax Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7520	77 Outperform	¥35.81B	7.95	―	1.94%	6.11%	15.68%
8203	66 Neutral	¥26.26B	9.03	―	2.92%	6.70%	7.79%
2735	63 Neutral	¥8.29B	9.74	―	3.67%	0.52%	-3.78%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2750	61 Neutral	¥9.63B	8.54	―	2.40%	16.64%	35.09%
7475	61 Neutral	¥23.21B	15.00	―	2.65%	2.42%	15.75%
9993	51 Neutral	¥12.64B	-15.50	―	2.33%	2.43%	50.53%

MrMax Holdings Ltd. Corporate Events

Mr Max Holdings Ltd. Reports Strong Interim Financial Results and Positive Outlook

Mr Max Holdings Ltd. reported a significant increase in its consolidated financial results for the six months ended August 31, 2025, with operating revenue rising by 8.1% and profit attributable to owners of the parent increasing by 30.2% compared to the previous year. The company also revised its earnings and dividend forecasts, indicating a positive outlook for the fiscal year ending February 28, 2026, which suggests strengthened financial performance and potential benefits for stakeholders.

MrMax Holdings Ltd. Revises Earnings and Dividend Forecasts for FY2026

MrMax Holdings Ltd. has revised its earnings and dividend forecasts for the fiscal year ending February 28, 2026, due to increased rice sales and effective price-cut initiatives amid rising rice prices. The company expects higher operating revenue and profits, which has led to an increase in the dividend forecast from 25 yen to 27 yen per share.