Mitsubishi Kakoki Kaisha, Ltd (893) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Mitsubishi Kakoki Kaisha, Ltd stock €37.76, price €15.44, upside +144.6%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 27, 2026.
How to read this chart
60‑month range €3.92 – €21.96 · fair‑value band €18.25 – €49.37 · the €15.44 price screens below the €37.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 27, 2026.
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Mitsubishi Kakoki Kaisha, Ltd. engages in the engineering, procurement, and construction of various industrial and chemical plants and environmental control facilities in Japan, rest of Asia, and internationally. It operates through Engineering and Machinery segments.
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The Engineering segment includes city gas and petroleum related plants, chemical engineering plants, hydrogen generation plants, sewage treatment equipment, industrial effluent treatment equipment, diverse water treatment equipment, corrosion resistant containers made of fiber-reinforced plastic (FRP) and other products.
The Machinery segment offers oil purifiers, separators and filtration machinery, seawater screening facility, mixers and related products.
The company also provides belt dehydrators, cleaners, concentrators, strainers, heat exchangers, towers, vessels, ballast water treatment systems, dryers, filters, and SOx scrubber systems.
The company was formerly known as Kakoki Seisaku, Ltd. and changed its name to Mitsubishi Kakoki Kaisha, Ltd. in 1938. Mitsubishi Kakoki Kaisha, Ltd. was founded in 1935 and is headquartered in Kawasaki, Japan.
Stock analysis
Mitsubishi Kakoki Kaisha, Ltd (893) currently trades at €15.44, while our model-based Fair Value estimate is €37.76, implying the stock looks roughly 59.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €59.50 per share, and 19 of the 25 models we run sit above the €15.44 price.
Bear case: the Asset-Based group reads lowest at €5.85, and 6 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €18.25 (bear) to €49.37 (bull), the price of €15.44 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mitsubishi Kakoki Kaisha, Ltd reported revenue of ¥84.2B in FY2026 versus ¥45.4B in FY2022, a compound +16.7%/yr. Reported net income was ¥7.5B in FY2026, compounding +31.2%/yr from FY2022.
Key figures
Market cap €401M Small · P/E ratio 8.3 · P/S ratio 0.75 · EPS (TTM) €1.85 · Dividend yield 4.2% · Net margin 9.0% · Return on equity 20.0% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 145%, 893 screens cheaper than that median.
Fair Value models
Bear€18.25Fair Value €37.76Bull€49.37
Price €15.44 · Upside +144.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (€0.6887 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+42.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.6%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+33.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.9%
Dividend (yield on the price)4.2%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 11%
2026 sits 55% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +18.4% a year for the price.
Compare Mitsubishi Kakoki Kaisha, Ltd with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Pollution & Treatment Controls · 89 stocks
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Is Mitsubishi Kakoki Kaisha, Ltd (893) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €37.76 versus a price of €15.44, about +145% upside (undervalued).
What is the fair value of 893?
Our model-based fair value for Mitsubishi Kakoki Kaisha, Ltd is €37.76 (as of Oct 27, 2026), built from audited fundamentals. The current price: €15.44.
What is the quality score of 893?
Mitsubishi Kakoki Kaisha, Ltd has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Mitsubishi Kakoki Kaisha, Ltd (893)?
Our model-based price target is the fair value of €37.76 (as of Oct 27, 2026) from 25 valuation models. Cautious scenario €18.25, optimistic scenario €49.37. It is a calculation from audited fundamentals, not an analyst target.
What is the Mitsubishi Kakoki Kaisha, Ltd stock forecast for 2026?
Our models put fair value at €37.76, about +145% upside versus a price of €15.44 (undervalued). Cautious scenario €18.25, optimistic scenario €49.37. The calculation is refreshed regularly with new filings.
What is the revenue of Mitsubishi Kakoki Kaisha, Ltd (893)?
Mitsubishi Kakoki Kaisha, Ltd reported trailing-twelve-month revenue of about ¥87.2B (latest available figure, as of Oct 27, 2026).
Does Mitsubishi Kakoki Kaisha, Ltd pay a dividend?
Mitsubishi Kakoki Kaisha, Ltd currently shows a dividend yield of 4.23% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Mitsubishi Kakoki Kaisha, Ltd (893)?
For today's price to be fair in a discounted-cash-flow model, Mitsubishi Kakoki Kaisha, Ltd would have to grow free cash flow by +20.9 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +16.7 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of 893 use?
Our models discount Mitsubishi Kakoki Kaisha, Ltd at 10.6 %: a base by market capitalisation (small), damped by beta 0.84, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mitsubishi Kakoki Kaisha, Ltd that is +20.9 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Mitsubishi Kakoki Kaisha, Ltd (893) delivered so far?
Over the past 4 years revenue at Mitsubishi Kakoki Kaisha, Ltd grew +16.7 % a year. The price currently implies +20.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mitsubishi Kakoki Kaisha, Ltd (893) growing?
The median revenue growth in the sector is +7.6 % a year. That is the yardstick for the growth priced into Mitsubishi Kakoki Kaisha, Ltd (+20.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mitsubishi Kakoki Kaisha, Ltd (893)?
The free-cash-flow yield on the price is 2.91 %: that much free cash flow Mitsubishi Kakoki Kaisha, Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mitsubishi Kakoki Kaisha, Ltd (893)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mitsubishi Kakoki Kaisha, Ltd it is €37.76 per share (as of Oct 27, 2026), against a price of €15.44. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Mitsubishi Kakoki Kaisha, Ltd stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 893 trades below its calculated fair value: price €15.44, fair value €37.76, a gap of about +145% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 893?
No. The price is what the market pays today (€15.44); the fair value is what the company's own numbers justify (€37.76). For Mitsubishi Kakoki Kaisha, Ltd the two are €22.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mitsubishi Kakoki Kaisha, Ltd worth?
The market values Mitsubishi Kakoki Kaisha, Ltd at about €401M (market capitalisation, as of Oct 27, 2026). Per share that is €15.44; our models calculate a fair value of €37.76 per share.
What do the bullish and bearish scenarios say about 893?
Our models span a range for Mitsubishi Kakoki Kaisha, Ltd: cautious scenario €18.25, base €37.76, optimistic €49.37 per share (as of Oct 27, 2026, price €15.44). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 893?
Mitsubishi Kakoki Kaisha, Ltd trades at a price-to-earnings ratio of 8.3 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €37.76 is built from several models across several years. Other multiples: P/B 1.6, P/S 0.8, EV/EBITDA 5.9.
How solid is the balance sheet of Mitsubishi Kakoki Kaisha, Ltd (893)?
Balance-sheet figures for Mitsubishi Kakoki Kaisha, Ltd (as of Oct 27, 2026): return on equity 20.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 893 from its 52-week high?
Mitsubishi Kakoki Kaisha, Ltd trades at €15.44, about 27% below its 52-week high of €21.20 and 4% above the low of €14.90 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €37.76 is for.
Which stocks are comparable to Mitsubishi Kakoki Kaisha, Ltd?
From the same area (Industrials) we also value Veralto Corporation, Zurn Elkay Water Solutions Corporation, Fujian Longking Co, CECO Environmental Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mitsubishi Kakoki Kaisha, Ltd stock attractive at the current price?
The data as of Oct 27, 2026: price €15.44, calculated fair value €37.76 (+145%), Quality Score 65/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 893 calculated?
We run Mitsubishi Kakoki Kaisha, Ltd through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €37.76, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.7 % above its aggregate fair value. Mitsubishi Kakoki Kaisha, Ltd currently trades 59 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mitsubishi Kakoki Kaisha, Ltd (893)?
The closing price on Oct 26, 2026 was €15.44. Our model-based fair value is €37.76, about +145% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mitsubishi Kakoki Kaisha, Ltd right now?
The price is below even our cautious bear case (€18.25). The market is more pessimistic than our downside scenario. The model range is unusually wide (€18.25 to €49.37). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Mitsubishi Kakoki Kaisha, Ltd
How large is the market capitalisation of Mitsubishi Kakoki Kaisha, Ltd (893)?
The market capitalisation of Mitsubishi Kakoki Kaisha, Ltd is €401M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mitsubishi Kakoki Kaisha, Ltd (893)?
The price-to-sales ratio of Mitsubishi Kakoki Kaisha, Ltd is 0.75 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mitsubishi Kakoki Kaisha, Ltd (893)?
Earnings per share at Mitsubishi Kakoki Kaisha, Ltd are €1.85 (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mitsubishi Kakoki Kaisha, Ltd (893)?
The dividend yield of Mitsubishi Kakoki Kaisha, Ltd is 4.2% (payout 35.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mitsubishi Kakoki Kaisha, Ltd (893)?
The net margin of Mitsubishi Kakoki Kaisha, Ltd is 9.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Mitsubishi Kakoki Kaisha, Ltd (893)?
The return on equity (ROE) of Mitsubishi Kakoki Kaisha, Ltd is 20.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mitsubishi Kakoki Kaisha, Ltd (893)?
On an EBIT basis the return on assets of Mitsubishi Kakoki Kaisha, Ltd is 7.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mitsubishi Kakoki Kaisha, Ltd (893)?
The operating margin of Mitsubishi Kakoki Kaisha, Ltd is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mitsubishi Kakoki Kaisha, Ltd (893)?
Revenue at Mitsubishi Kakoki Kaisha, Ltd is growing +18.9% versus a year earlier (3y avg +23.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mitsubishi Kakoki Kaisha, Ltd (893)?
Earnings per share at Mitsubishi Kakoki Kaisha, Ltd are growing +66.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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Oct 27, 2026