Discounted Cash Flow
Mitsubishi UFJ Financial Group Inc. ADR
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Audit / VIE / HFCA: Financial-sector DCF: free cash flow for lenders/insurers includes loan principal and deposits, so FCF ≈ 5-10× net income and is not a valuation proxy; the model shows moderate/unstable predictability and the DCF can be 5-40× market cap (lender pattern).
Sourced live via DEF 14A beneficial_ownership (edgartools proxy) for US filers and 20-F risk_factors (“controls X% of voting power” + VIE/HFCA) for foreign ADRs — cached 12h. A concentrated holder can overrule the DCF’s minority-basis assumptions on dividends, issuance, and delisting.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $26.8b | $5.2b | $26.3b | 19.5% | $57.78 |
| 2017 | $25.9b (-3.5%) | $1.3b (-74.7%) | $3.7b (-85.9%) | 5.1% (-73.8%) | $14.93 (-74.2%) |
| 2018 | $24.9b (-3.9%) | $8.0b (506.0%) | $-4.7b (-227.2%) | 32.2% (530.6%) | $92.40 (518.9%) |
| 2019 | $26.5b (6.7%) | $4.7b (-41.5%) | $664.1m (114.1%) | 17.7% (-45.2%) | $55.03 (-40.4%) |
| 2020 | $64.9m (-99.8%) | $2.0b (-57.4%) | $-9.6b (-1552.8%) | 3073.1% (17295.6%) | $23.69 (-57.0%) |
| 2021 | $26.6b (40903.4%) | $7.3b (265.2%) | $-2.4b (75.6%) | 27.4% (-99.1%) | $86.88 (266.7%) |
| 2022 | $26.5b (-0.5%) | $-543.2m (-107.5%) | $5.3b (322.9%) | -2.1% (-107.5%) | $-6.51 (-107.5%) |
| 2023 | $29.4b (11.2%) | $3.9b (820.0%) | $13.0b (146.7%) | 13.3% (747.3%) | $48.70 (848.1%) |
| 2024 | $31.1b (5.7%) | $8.7b (121.4%) | $-10.5b (-180.6%) | 27.8% (109.5%) | $110.87 (127.7%) |
| 2025 | $31.4b (0.8%) | $8.3b (-4.6%) | $5.8b (155.9%) | 26.3% (-5.4%) | $108.71 (-1.9%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in JPY. Values above are converted to USD for comparison with the US-listed share price.
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.