Mitsui & Co (MITSY) AI Stock Analysis

• Market Cap: $107.38B
• Dividend Yield: 2.35%
• Average Volume (3M): 1.45K
• Price to Earnings (P/E): 18.8
• Beta (1Y): 0.62
• Revenue Growth: -0.56%
• EPS Growth: -6.81%
• Country: US
• Employees: 53,602
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 8.43
• Shares Outstanding: 145,287,080
• 10 Day Avg. Volume: 2,019
• 30 Day Avg. Volume: 1,453
• PEG Ratio: -0.71
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 0.57
• P/FCF Ratio: 12.45
• Enterprise Value/Market Cap: 202.32
• Enterprise Value/Revenue: 1.53
• Enterprise Value/Gross Profit: 16.44
• Enterprise Value/Ebitda: 20.94
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 37.79
• Revenue Forecast (FY): $92.33B

• Rating: 66 Neutral
• Price Target: $790.00 ▲(49.50% Upside)
• Action: Downgraded Date: 02/05/26
• Date: Action: Downgraded 02/05/26

The score is held back primarily by the sharp deterioration in TTM cash generation (negative free cash flow despite solid earnings). Offsetting that risk are a generally healthy income statement and balance sheet, plus strong technical uptrend signals. Valuation is reasonable with a moderate P/E and modest dividend yield.

Positive Factors

Diversified trading and investment platform

Mitsui’s broad sector exposure and global sogo shosha model create multiple, complementary revenue streams and reduce single-market dependency. Long‑lived infrastructure and equity investments plus joint ventures provide durable cash flow potential and strategic optionality across cycles.

Consistent top-line growth and steady margins

Sustained revenue growth with a mid-single-digit net margin indicates a resilient earnings base from trading and investment operations. Consistent top-line momentum and stable gross margins support reinvestment capacity and medium‑term earnings durability, even if mix shifts occur.

Improved leverage and healthy ROE

Lower leverage versus prior years and an ROE near 12% reflect stronger balance sheet positioning and effective capital use. Manageable leverage increases resilience to shocks, supports ongoing investments and partnership activity, and preserves financial flexibility over the medium term.

Negative Factors

Weak cash generation; negative free cash flow

A marked deterioration in cash conversion—negative FCF despite reported earnings—reduces internal funding for capex, dividends, and deleveraging. If this persists it undermines financial flexibility, forces external financing, or pressures capital allocation choices over the next several quarters.

Earnings sensitivity to business mix and cycles

Profitability varies with segment mix and commodity cycles, increasing earnings volatility. This structural cyclicality makes cash flows and margins less predictable, complicating long‑term planning and increasing downside risk during commodity or trade slowdowns.

Still‑material absolute debt load is a watch item

Although leverage ratios improved, a large absolute debt stock can constrain strategy and increase refinancing/interest exposure if earnings weaken. Combined with weakened cash generation, this elevates medium‑term financing and liquidity risk for the conglomerate.

Mitsui & Co Business Overview & Revenue Model

Company Description

Mitsui & Co., Ltd. operates as a general trading company worldwide. The company engages in the manufacture, export, and import of iron and steel products; automotive components; operation of steel processing service centers; trading of automotive, electrical, special, and stainless steel; manufacture, repair, and fabrication of wind turbine towers and flanges; gas distribution businesses; and coal mining, power generation, ferrous alloy, infrastructure maintenance, and water pumping activities. It also explores, develops, and produces oil, natural gas, and LNG; trades in petroleum products, crude oil, coal, uranium, and LNG; offers FPSO/FSO, fright car, truck, and locomotive leasing services; sells electric power facilities; and develops railway and transportation infrastructures. The company engages in logistics businesses; wholesale, retail, rental, and finance of construction and mining equipment; multimodal transportation, warehousing, and rolling stock leasing; sale, purchase, and leasing of aircraft and aero engines; leasing and financing activities; and development, process, and marketing of underground resources, and recycling of surface resources. It also provides electric-arc-furnace, construction materials processing, construction flat-rolled steel, shapes, bars, wire rods, and steel structure materials; methanol, ammonia, chlor-alkali, industrial, gas, and basic chemicals; salt; performance, advanced, specialty, and living, and environmental materials; agrochemicals and fertilizers, and animal and human nutrition products; refined sugar, oils and fats, proteins, grains, and food and beverage products; contract food services; and healthcare products. The company offers mobile communications; commodity derivative trading; venture investment and asset management services; real estate development, management, leasing, and brokerage services; and ship charter operation services. Mitsui & Co., Ltd. was incorporated in 1947 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Mitsui & Co. generates revenue through multiple streams, primarily by facilitating trade and investment across its diverse business segments. Key revenue sources include the trading of commodities such as steel, chemicals, and agricultural products, as well as the sale of machinery and equipment. The company also earns income from equity investments in infrastructure projects, such as utilities and renewable energy, which provide long-term returns. Additionally, Mitsui has strategic partnerships and joint ventures that enhance its market reach and operational capabilities, further contributing to its earnings. Its ability to leverage global market trends and demand fluctuations plays a significant role in its financial performance.

Mitsui & Co Financial Statement Overview

Summary

Income statement and balance sheet are solid (revenue up 7.5% TTM, ~6.1% net margin, improved leverage with ~0.69 debt-to-equity), but the cash flow picture is a major drag: operating cash flow fell and free cash flow turned negative in TTM, indicating weak cash conversion despite profitability.

Income Statement

TTM (Trailing-Twelve-Months) revenue grew 7.5%, showing continued top-line momentum after a strong multi-year run (notably high growth in 2022–2023). Profitability remains solid with a ~6.1% net margin in TTM, broadly in line with the most recent annual period, but below the stronger profitability seen in 2022–2024 (~7.8–8.0% net margin). Gross margin is steady around ~9–10%, while operating profitability looks more mixed across periods, suggesting earnings sensitivity to business mix and cycle—good resilience, but not consistently expanding margins.

Balance Sheet

Leverage appears manageable for a diversified conglomerate: debt-to-equity is ~0.69 in TTM (improved from ~1.04 in 2021 and lower than 2022–2023), supported by a large equity base. Returns on equity are healthy at ~11.9% in TTM (similar to the latest annual), though down from peak levels in 2022–2023, implying normalized profitability. Overall balance sheet strength is solid, with the main watch item being the still-material absolute debt load and the potential for earnings cyclicality to pressure returns.

Cash Flow

Cash generation weakened materially in TTM: operating cash flow fell to ~724B and free cash flow turned negative (~-423B), with free cash flow also negative versus net income (about -0.51x). This is a clear deterioration versus the annual periods from 2021–2025, where free cash flow was consistently positive and generally covered a meaningful portion of earnings. The key risk is that recent earnings are not translating into cash in the latest TTM window, which can constrain flexibility if it persists.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	14.16T	14.66T	13.32T	14.31T	11.76T	8.01T
Gross Profit	1.32T	1.29T	1.32T	1.40T	1.14T	811.47B
EBITDA	1.04T	1.65T	1.28T	1.23T	1.08T	553.18B
Net Income	867.57B	900.34B	1.06T	1.13T	914.72B	335.46B
Balance Sheet
Total Assets	19.92T	16.81T	16.90T	15.38T	14.92T	12.52T
Cash, Cash Equivalents and Short-Term Investments	858.58B	979.75B	902.72B	1.40T	2.13T	1.10T
Total Debt	5.81T	4.84T	4.78T	5.04T	4.88T	4.75T
Total Liabilities	11.24T	9.05T	9.13T	8.82T	9.13T	7.69T
Stockholders Equity	8.43T	7.55T	7.54T	6.37T	5.61T	4.57T
Cash Flow
Free Cash Flow	-422.86B	671.37B	569.65B	819.47B	621.37B	557.01B
Operating Cash Flow	723.68B	1.02T	864.42B	1.05T	806.90B	772.70B
Investing Cash Flow	-1.14T	-161.99B	-427.55B	-178.34B	-181.19B	-322.47B
Financing Cash Flow	297.47B	-749.60B	-1.01T	-634.68B	-614.33B	-486.96B

Mitsui & Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 528.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MITSY, the sentiment is Positive. The current price of 528.43 is below the 20-day moving average (MA) of 701.72, below the 50-day MA of 649.89, and above the 200-day MA of 510.17, indicating a bullish trend. The MACD of 25.46 indicates Negative momentum. The RSI at 68.66 is Neutral, neither overbought nor oversold. The STOCH value of 70.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MITSY.

Mitsui & Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SEB	72 Outperform	$4.92B	9.98	9.98%	0.21%	10.31%	―
IRS	70 Outperform	$1.26B	3.15	32.84%	8.97%	2.00%	―
CRESY	68 Neutral	$760.86M	3.10	20.18%	10.18%	-11.13%	―
MITSY	66 Neutral	$107.38B	18.81	11.30%	2.35%	-0.56%	-6.81%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GFF	62 Neutral	$3.97B	93.17	26.52%	1.01%	-3.95%	-74.65%
MDU	57 Neutral	$4.23B	22.30	7.01%	2.76%	-57.80%	-57.40%