WinstonWınston
Mizuno Corporation logo

Mizuno Corporation

MIZUF
48
Specialty Retail · Consumer Cyclical
Price
$22.22
+0.00 (+0.00%)
Market Cap
$1.69B
Exchange
Other OTC
Winston Score
48
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+200.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 25.6M (2022) → 76.7M (2026)

Mizuno Corporation is a Japanese sporting goods company that makes and sells athletic equipment, apparel, and footwear. Its core products include baseball gloves and bats, golf clubs, running shoes, volleyball gear, and swimwear. The company sells to amateur and professional athletes worldwide, and it is especially well known in Japan, where it is one of the most recognized sports brands.

Mizuno earns money by selling its products through retail stores, specialty sports shops, and its own direct channels. The company operates globally, with strong sales in Japan, North America, and Europe, though Japan remains its largest market. Its competitive edge comes from a reputation for high-quality craftsmanship, particularly in baseball and golf equipment, built over more than a century in business. The main risk Mizuno faces is competition from much larger global brands like Nike and Adidas, which have significantly greater marketing budgets and broader consumer reach.

Winston Score History

Growth Profile

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

Revenue Growth

+11.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+35.0% 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

34.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$60.7B cash & investments

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

Growth + cash flow

Mizuno Corporation is a rare growth stock that's already generating positive cash flow while growing at 11%. 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

Gross Margin
36.9%
Modest — 36.9% gross margin
Operating Margin
6.5%
Modest — 6.5% operating margin
ROCE
2.4%
Weak — 2.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
+8.4%
Steady sales growth (8.4% YoY)
EPS YoY
-27.3%
Earnings shrinking (-27.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
0%
Weak — only 0% of profit becomes cash
FCF Margin
0.0%
Thin free cash flow (0.0%)

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
0.13
Conservative — low debt load (0.13)
Interest Cover
86.33x
Comfortably covers interest (86.3x)

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)
0.1x
Attractive valuation — P/E 0.1

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
+0.0
GROWING
Earnings roughly flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield
1.64%
Small dividend — 1.64% yield

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

Dividend Growth
-56.2%
Dividend cut (-56.2% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial