Mitsubishi UFJ Financial Group, Inc. (MUFG): investment thesis checklist
What a value investor writing down why they own Mitsubishi UFJ Financial Group, Inc. would be relying on, read from its filings: the figures that have carried the business, the lines a reader might set on them, and the published tests it meets today. A list to write against, not a view on the company.
1. The figures the case would rest on
- Return on equity: 8.8% in FY2026; between -0.5% and 8.8% over 10 filed years, median 5.8%. Does the thesis need it to stay inside that range?
- Operating margin: 19.9% in FY2026; between 14.4% and 32.8% over 10 filed years, median 20.7%. Does the thesis need it to stay inside that range?
- Revenue growth, 5-year CAGR: 15.0% in FY2026; between -0.7% and 15.0% over 5 filed years, median 4.2%. Does the thesis need it to stay inside that range?
2. What must stay true: guardrails a reader might set
Each line is drafted from Mitsubishi UFJ Financial Group, Inc.'s own current figure, never from a level we think a business should clear, and replayed over its filed years. They are a reader's to keep, edit or drop.
Revenue Growth 1Y stays at or above 0%
Today 9.52%. Replayed over 10 filed years, it would have broken in 2; most recently FY2022, at -33.57% (20-F, filed 2022-07-08).
3. What would break it
- A filed year in which revenue growth 1y fell below 0%.
4. The published tests it meets today
Of 30 tests value investors published: 0 met, 16 not met, 14 we could not complete. Counts, never a score.
What this cannot tell you
What the numbers say today, not the day one stops being true. The reasons are not written down.
An account adds
One email the night a number you wrote down breaks. Silence otherwise.
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How this is computedA computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.