We Think That There Are Issues Underlying Japan Steel Works' (TSE:5631) Earnings
Nov 21
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Japanese (NIKKEI) Industrials Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies1031
- 7D-0.5%
- 3M3.8%
- 1Y18.5%
- YTD16.6%
Over the last 7 days, the Industrials industry has dropped 1.5%, driven by a pullback from Recruit Holdings of 3.5%. Over the past 12 months, the industry was up 19%. Earnings are forecast to grow by 6.5% annually.
Sector Valuation and Performance
Has the Japanese Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | JP¥217.8t | JP¥264.4t | JP¥14.9t | 11.8x | 14.6x | 0.8x |
| Sat, 19 Oct 2024 | JP¥217.1t | JP¥261.9t | JP¥14.7t | 11.8x | 14.8x | 0.8x |
| Mon, 16 Sep 2024 | JP¥205.2t | JP¥261.9t | JP¥14.7t | 11.7x | 14x | 0.8x |
| Wed, 14 Aug 2024 | JP¥202.8t | JP¥261.7t | JP¥14.6t | 11.5x | 13.9x | 0.8x |
| Fri, 12 Jul 2024 | JP¥231.6t | JP¥257.8t | JP¥14.1t | 13.1x | 16.4x | 0.9x |
| Sun, 09 Jun 2024 | JP¥219.0t | JP¥258.6t | JP¥14.2t | 12.7x | 15.5x | 0.8x |
| Tue, 07 May 2024 | JP¥221.6t | JP¥256.8t | JP¥13.9t | 13x | 16x | 0.9x |
| Thu, 04 Apr 2024 | JP¥213.3t | JP¥256.8t | JP¥13.9t | 13x | 15.4x | 0.8x |
| Sat, 02 Mar 2024 | JP¥211.9t | JP¥256.6t | JP¥13.9t | 12.8x | 15.3x | 0.8x |
| Mon, 29 Jan 2024 | JP¥201.1t | JP¥264.0t | JP¥13.7t | 12.9x | 14.7x | 0.8x |
| Wed, 27 Dec 2023 | JP¥188.8t | JP¥264.0t | JP¥13.7t | 12.3x | 13.8x | 0.7x |
| Fri, 24 Nov 2023 | JP¥190.5t | JP¥264.2t | JP¥13.7t | 12.2x | 13.9x | 0.7x |
| Sun, 22 Oct 2023 | JP¥180.4t | JP¥265.0t | JP¥14.8t | 12x | 12.2x | 0.7x |
| Tue, 19 Sep 2023 | JP¥198.3t | JP¥264.9t | JP¥14.8t | 12.7x | 13.4x | 0.7x |
| Thu, 17 Aug 2023 | JP¥187.1t | JP¥264.8t | JP¥14.8t | 12.2x | 12.6x | 0.7x |
| Sat, 15 Jul 2023 | JP¥185.0t | JP¥264.1t | JP¥15.6t | 12.1x | 11.9x | 0.7x |
| Mon, 12 Jun 2023 | JP¥183.0t | JP¥264.1t | JP¥15.6t | 11.7x | 11.7x | 0.7x |
| Wed, 10 May 2023 | JP¥171.7t | JP¥260.5t | JP¥15.9t | 11.6x | 10.8x | 0.7x |
| Fri, 07 Apr 2023 | JP¥156.9t | JP¥258.0t | JP¥15.7t | 11x | 10x | 0.6x |
| Sun, 05 Mar 2023 | JP¥162.6t | JP¥257.2t | JP¥15.6t | 11.3x | 10.4x | 0.6x |
| Tue, 31 Jan 2023 | JP¥157.8t | JP¥249.7t | JP¥15.8t | 10.8x | 10x | 0.6x |
| Thu, 29 Dec 2022 | JP¥152.9t | JP¥249.5t | JP¥15.8t | 10.3x | 9.7x | 0.6x |
| Sat, 26 Nov 2022 | JP¥162.3t | JP¥249.3t | JP¥15.8t | 10.9x | 10.3x | 0.7x |
| Mon, 24 Oct 2022 | JP¥151.3t | JP¥237.5t | JP¥14.5t | 10.5x | 10.4x | 0.6x |
| Wed, 21 Sep 2022 | JP¥157.7t | JP¥237.5t | JP¥14.5t | 10.7x | 10.9x | 0.7x |
| Fri, 19 Aug 2022 | JP¥161.3t | JP¥237.5t | JP¥14.5t | 10.9x | 11.1x | 0.7x |
| Sun, 17 Jul 2022 | JP¥149.9t | JP¥227.8t | JP¥12.8t | 10.7x | 11.7x | 0.7x |
| Tue, 14 Jun 2022 | JP¥153.1t | JP¥227.5t | JP¥12.8t | 10.9x | 11.9x | 0.7x |
| Thu, 12 May 2022 | JP¥147.6t | JP¥225.2t | JP¥12.5t | 10.5x | 11.8x | 0.7x |
| Sat, 09 Apr 2022 | JP¥153.0t | JP¥220.1t | JP¥10.8t | 11.1x | 14.1x | 0.7x |
| Mon, 07 Mar 2022 | JP¥151.6t | JP¥222.4t | JP¥10.9t | 10.7x | 13.9x | 0.7x |
| Wed, 02 Feb 2022 | JP¥154.4t | JP¥215.1t | JP¥9.0t | 11.1x | 17.2x | 0.7x |
| Fri, 31 Dec 2021 | JP¥164.8t | JP¥212.4t | JP¥8.9t | 11.7x | 18.6x | 0.8x |
| Sun, 28 Nov 2021 | JP¥163.1t | JP¥212.5t | JP¥8.9t | 11.5x | 18.4x | 0.8x |
Price to Earnings Ratio
18.4x
Current Industry PE
- Investors are optimistic on the Japanese Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.6x which is higher than its 3-year average PE of 13.2x.
- The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 7.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Japanese Industrials sector?
| JP Market | -0.44% | |
| Industrials | -0.54% | |
| Infrastructure | 2.68% | |
| Marine and Shipping | 2.32% | |
| Machinery | 0.74% | |
| Trade Distributors | 0.12% | |
| Construction | -0.11% | |
| Logistics | -0.45% | |
| Electrical | -0.75% | |
| Building | -0.98% | |
| Industrials | -1.24% | |
| Transportation | -1.55% | |
| Airlines | -1.79% | |
| Aerospace & Defense | -2.40% | |
| Professional Services | -3.12% | |
| Commercial Services | -3.34% | |
Industry PE
- Investors are most optimistic about the Building industry which is trading above its 3-year average PE ratio of 23.3x.
- Analysts are expecting annual earnings growth of 17.8%, which is higher than its past year's earnings growth of 7.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 63% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 23% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 6594 Nidec | JP¥2.90k | 2.6% +JP¥84.5b | 0.4% | PE35x | |
| 9101 Nippon Yusen Kabushiki Kaisha | JP¥5.03k | 3.7% +JP¥80.1b | 27.9% | PE5.9x | |
| 9107 Kawasaki Kisen Kaisha | JP¥2.19k | 5.5% +JP¥74.5b | 29.8% | PE6.3x | |
| 5631 Japan Steel Works | JP¥6.51k | 15.9% +JP¥65.9b | 153.9% | PE30.9x | |
| 8031 Mitsui | JP¥3.26k | 0.7% +JP¥64.3b | 20.6% | PE9.3x |
