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Mugen Estate Co., Ltd. (3299) AI Stock Analysis
Mugen Estate Co., Ltd.
(TSE/TYO:3299)
Mugen Estate's overall score of 63 reflects a balance between strong profitability and attractive valuation against high leverage and weak cash flow. The company's income statement shows impressive growth and margins, but the balance sheet is moderately leveraged and cash generation is inconsistent. Technical indicators are bearish, adding near-term pressure. Investors should monitor the company's ability to convert earnings into cash and manage its debt obligations.
Mugen Estate Co., Ltd. (3299) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 37.21B
- Dividend Yield
- 7.67%
- Average Volume (3M)
- 130.52K
- Price to Earnings (P/E)
- 7.9
- Beta (1Y)
- 0.69
- Revenue Growth
- -2.46%
- EPS Growth
- -26.95%
- Country
- Japan
- Employees
- 501
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Development
Mugen Estate Co., Ltd. Business Overview & Revenue Model
Company Description
MUGEN ESTATE Co.,Ltd. is a Japanese company that specializes in the acquisition and resale of pre-owned real estate assets. Its operations are segmented into Real Estate Trading, and Real Estate Leasing and Other Services. The company's diverse portf...
How the Company Makes Money
The company primarily makes money through a value-add real estate resale model. It purchases pre-owned residential properties (inventory), invests in refurbishment/renovation and repositioning, and then sells the properties; revenue is recognized at...
Mugen Estate Co., Ltd. Financial Statement Overview
Summary
Income statement shows strong revenue growth (7.3% YoY, 5-year CAGR 14.4%) and robust margins (net margin 9.8%, ROE 18.6%). However, balance sheet leverage is elevated (D/E 1.75, debt/EBITDA 5.3x) and operating cash flow turned negative in the latest year, raising concerns. Overall financial health is mixed.
Income Statement
85Very PositiveBalance Sheet
65PositiveCash Flow
50Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.63B | 68.26B | 62.19B | 51.64B | 31.24B | 33.96B |
| Gross Profit | 16.51B | 18.28B | 16.57B | 11.41B | 7.15B | 5.79B |
| EBITDA | 10.25B | 11.94B | 10.45B | 6.66B | 3.66B | 2.98B |
| Net Income | 5.30B | 6.66B | 6.09B | 3.65B | 1.56B | 1.28B |
Balance Sheet | ||||||
| Total Assets | 108.44B | 106.70B | 87.50B | 80.36B | 77.45B | 62.78B |
| Cash, Cash Equivalents and Short-Term Investments | 18.16B | 20.72B | 22.02B | 20.42B | 17.75B | 17.57B |
| Total Debt | 66.44B | 62.74B | 48.82B | 47.65B | 49.31B | 36.86B |
| Total Liabilities | 73.83B | 70.89B | 55.43B | 52.52B | 52.84B | 39.23B |
| Stockholders Equity | 34.62B | 35.80B | 32.08B | 27.84B | 24.60B | 23.55B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -10.58B | 2.42B | 4.86B | -11.65B | 2.13B |
| Operating Cash Flow | 0 | -6.76B | 2.60B | 5.37B | -11.49B | 3.31B |
| Investing Cash Flow | 0 | -4.97B | -312.00M | -498.00M | -157.00M | -1.22B |
| Financing Cash Flow | 0 | 10.40B | -825.00M | -2.15B | 11.85B | -621.00M |
Mugen Estate Co., Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3299, the sentiment is Negative. The current price of 1555.00 is below the 20-day moving average (MA) of 1613.05, below the 50-day MA of 1675.76, and below the 200-day MA of 1929.47, indicating a bearish trend. The MACD of -26.25 indicates Positive momentum. The RSI at 36.88 is Neutral, neither overbought nor oversold. The STOCH value of 7.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3299.
Mugen Estate Co., Ltd. Peers Comparison
Overall Rating
JP:329370.5Outperform
JP:298170Outperform- JP:329963Neutral
JP:192563Neutral
JP:889759Neutral
JP:887158Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:3293 | 71Outperform | JPY 6.00B | 11.70 | 2.98% | 4.70% | -12.15% | -27.60% |
| JP:2981 | 70Outperform | JPY 11.77B | 5.67 | ― | 2.57% | 7.71% | 3.72% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| JP:3299 | 63Neutral | JPY 37.84B | 7.93 | ― | 7.67% | -2.46% | -26.95% |
| JP:1925 | 63Neutral | JPY 2.99T | 7.90 | 12.78% | 5.96% | 4.66% | 16.74% |
| JP:8897 | 59Neutral | JPY 54.02B | 7.45 | 9.01% | 6.65% | 24.52% | 5.03% |
| JP:8871 | 58Neutral | JPY 85.02B | 9.89 | 6.08% | 5.21% | 14.17% | 37.02% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3299 | Mugen Estate Co., Ltd. | 1578.00 | -317.54 | -16.75% | |
| JP:8871 | GOLDCREST Co | 2496.00 | -616.52 | -19.81% | |
| JP:1925 | Daiwa House Industry Co | 2282.50 | -253.97 | -10.01% | |
| JP:8897 | Takara Leben Co., Ltd. | 406.00 | 48.80 | 13.66% | |
| JP:3293 | Azuma House Co., Ltd. | 745.00 | 3.46 | 0.47% | |
| JP:2981 | Landix, Inc. | 2065.00 | -316.77 | -13.30% |
Mugen Estate Co., Ltd. Corporate Events
Mugen Estate Confirms Higher Interim Dividend and Steady Payout Policy
Mugen Estate Co., Ltd. has approved an interim dividend for the fiscal year ending December 31, 2026, maintaining its stance as a stable income provider in Japan’s real estate sector. The dividend, with a record date of June 30, 2026, underscor...
Mugen Estate Profit Slides as Real Estate Headwinds Force Lower 2026 Outlook
Mugen Estate reported a sharp deterioration in results for the six months to June 30, 2026, with net sales down 18.8% to ¥26.7 billion and profit attributable to owners of parent plunging 60.2% to ¥1.32 billion, while its equity ratio eased...
Mugen Estate Cuts 2026 Earnings and Dividend Forecast Amid Slower Property Sales
Mugen Estate Co., Ltd. has sharply revised down its consolidated earnings forecast for the year ending December 31, 2026, citing weaker demand from overseas investors and sluggish sales of large properties in its mainstay Real Estate Purchase and Res...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 17, 2026