Global Materials | Industrials | Commodities

Rahul Jain

Over 20 years of sell-side research experience across Global Metals & Mining, Cement, Industrials, and Commodities. Extensive first-hand mine and plant visits spanning India, Australia, China, the US, and the UK.
Hundreds of buy-side engagements across major global financial hubs in Asia, North America, and Europe. Also led a comprehensive client tour of China to deepen industry understanding.

Focused on fundamentals-driven analysis including earnings modeling, cost structures, and valuations using DCF and relative multiples. Global commodity cycles, supply-demand trends, and macro factors are integrated into sector calls. Research prioritizes inflection points from price, cost, and policy shifts, using a disciplined bottom-up approach supported by top-down macro screening.

Mitsui & Co. (8031.T): Copper-LNG Torque Driving a Rerating

Mitsui & Co. (8031 JP): Bullish View Reinforced — Copper & LNG Re-Rate Now Structural

Equity Bottom-Up

<ul>
<li>Mitsui &amp; Co. has delivered robust earnings and cash flows, fueled by commodity tailwinds and disciplined capital returns over the last 5 years.</li>
<li>Looking ahead, the company plans to rebalance its portfolio through increased exposure to LNG and energy transition assets </li>
<li>However, muted near-term growth and persistently low ROCE—driven by scattered, low-control holdings—suggest limited upside until newer investments begin contributing meaningfully to the bottom line.</li>
</ul>


Mitsui &amp; Co. has delivered robust earnings and cash flows, fueled by commodity tailwinds and disciplined capital returns over the last 5 years.
Looking ahead, the company plans to rebalance its portfolio through increased exposure to LNG and energy transition assets 
However, muted near-term growth and persistently low ROCE—driven by scattered, low-control holdings—suggest limited upside until newer investments begin contributing meaningfully to the bottom line.


Mitsui & Co. (8031.T): Strong Cash Flows, Weak Growth Despite Portfolio Shift

Mitsui & Co Ltd

Mitsui & Co. (8031.T): Strong Cash Flows, Weak Growth Despite Portfolio Shift