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Mitsubishi Electric

MIELF
62
Electrical Equipment & Parts · Industrials
Price
$36.61
-0.12 (-0.34%)
Market Cap
$74.92B
Exchange
Other OTC
Winston Score
62
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Strong
Cash Flow
Strong
Stability
Exceptional
Valuation
Strong
Dividends
Mixed

Share count falling — buybacks

4.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 2.13B (2022) → 2.05B (2026)

Winston Score History

The full picture

Mitsubishi Electric is a large Japanese company that makes a wide range of electrical and electronic products. Its core businesses include factory automation equipment, heating and cooling systems (like air conditioners sold under the "Mitsubishi Electric" brand), elevators and escalators, power infrastructure equipment, and semiconductors. It sells to manufacturers, construction companies, utilities, and everyday consumers around the world.

The company earns revenue by selling hardware, systems, and related services across these different product lines rather than relying on subscriptions or advertising. Mitsubishi Electric operates globally but generates most of its revenue in Japan and Asia, with a significant presence in North America and Europe — it reported roughly $40 billion in annual sales in recent fiscal years. Its broad product portfolio and deep engineering expertise give it a stable competitive position, but the company faces ongoing pressure to improve profitability margins and adapt its factory automation business as global manufacturing investment cycles fluctuate.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+15.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+48.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

¥0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

12.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

¥1.4T cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Mitsubishi Electric is a rare growth stock that's already generating positive cash flow while growing at 15%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
37.1%
Modest — 37.1% gross margin
Profit after running costs
Operating Margin
9.6%
Modest — 9.6% operating margin
Return on the money invested
ROCE
9.5%
Below par — 9.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+9.6%
Steady sales growth (+9.6% YoY)
Profit growth
EPS YoY
+18.3%
Earnings growing fast (+18.3% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
181%
Turns 181% of profit into real cash
Spare cash per sale
FCF Margin
8.8%
Modest free cash flow (8.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.07
Conservative — low debt load (0.07)
Covers its interest
Interest Cover
71.31x
Comfortably covers interest (71.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
27.0x
Growth-priced — P/E 27.0

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+7.9
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (27.0 → 19.0)

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Dividends

Dividend
Dividend Yield
0.94%
Small dividend — 0.94% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+9.8%
Dividend growing modestly (9.8% YoY)

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