Discounted Cash Flow

Mitsubishi UFJ Financial Group Inc. ADR

MUFG · Based on 10 years of SEC filings · Converted from JPY to USD

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $5.4t $5.0b $25.3b 0.1% $57.78
2017 $4.2t (-22.6%) $1.3b (-74.7%) $3.6b (-85.9%) 0.0% (-67.3%) $14.93 (-74.2%)
2018 $5.2t (24.0%) $7.7b (506.0%) $-4.5b (-227.2%) 0.1% (388.5%) $92.40 (518.9%)
2019 $5.4t (4.1%) $4.5b (-41.5%) $639.0m (114.1%) 0.1% (-43.8%) $55.03 (-40.4%)
2020 $10.0b (-99.8%) $1.9b (-57.4%) $-9.3b (-1552.8%) 19.3% (23028.4%) $23.69 (-57.0%)
2021 $5.9t (59259.0%) $7.0b (265.2%) $-2.3b (75.6%) 0.1% (-99.4%) $86.88 (266.7%)
2022 $3.9t (-33.6%) $-522.7m (-107.5%) $5.1b (322.9%) -0.0% (-111.2%) $-6.51 (-107.5%)
2023 $6.3t (60.7%) $3.8b (820.0%) $12.5b (146.7%) 0.1% (548.2%) $48.70 (848.1%)
2024 $10.0t (58.2%) $8.3b (121.4%) $-10.1b (-180.6%) 0.1% (40.0%) $110.87 (127.7%)
2025 $10.8t (8.6%) $7.9b (-4.6%) $5.6b (155.9%) 0.1% (-12.2%) $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):

DCF price per share:

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.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model