Added to YB: 2024-10-01
Pitch date: 2024-07-25
6503.T [bullish]
Mitsubishi Electric Corporation
+95.83%
current return
Author Info
No bio for this author
Company Info
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment in Japan, North America, Asia, Europe, and internationally.
Market Cap
JPY 7.2T
Pitch Price
JPY 2.4K
Price Target
N/A
Dividend
1.43%
EV/EBITDA
10.22
P/E
19.83
EV/Sales
1.24
Sector
Electrical Equipment
Category
turnaround
Lazard International Strategic Equity Portfolio New Position: Mitsubishi Electric Corporation
6503.T: Japanese conglomerate shifting focus to improve governance, margins & ROIC. New mgmt aims to restructure, divest assets, focus on high-quality units (FA & HVAC >50% op profit), improve pricing & order selectivity. 15% 2026 ROIC (from 6% 2023) at 13x 2026 PE. Net cash balance sheet. Buybacks expected.
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