Japanese (NIKKEI) Machinery Industry Analysis
- 7D3.6%
- 3M-5.5%
- 1Y4.8%
- YTD4.8%
Over the last 7 days, the Machinery industry has risen 2.6%, driven by gains from Fanuc of 4.5%. This takes the industry's 12 month performance to a gain of 4.6%.
Industry Valuation and Performance
Has the Japanese Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 08 Dec 2021 | JP¥39.6t | JP¥36.6t | JP¥2.0t | 12.7x |
| Fri, 05 Nov 2021 | JP¥41.5t | JP¥36.4t | JP¥1.9t | 14.1x |
| Sun, 03 Oct 2021 | JP¥37.1t | JP¥33.5t | JP¥1.6t | 14x |
| Tue, 31 Aug 2021 | JP¥37.3t | JP¥33.7t | JP¥1.6t | 14.2x |
| Wed, 07 Jul 2021 | JP¥37.6t | JP¥33.7t | JP¥1.6t | 14.4x |
| Sat, 10 Apr 2021 | JP¥39.0t | JP¥32.1t | JP¥1.2t | 16.4x |
| Fri, 01 Jan 2021 | JP¥36.3t | JP¥32.1t | JP¥872.3b | 16.5x |
| Mon, 05 Oct 2020 | JP¥31.4t | JP¥32.2t | JP¥872.1b | 15.7x |
| Thu, 09 Jul 2020 | JP¥29.4t | JP¥33.3t | JP¥946.7b | 12.9x |
| Wed, 01 Apr 2020 | JP¥24.7t | JP¥34.7t | JP¥1.2t | 10.8x |
| Sat, 04 Jan 2020 | JP¥32.8t | JP¥35.2t | JP¥1.6t | 13.5x |
| Tue, 08 Oct 2019 | JP¥30.0t | JP¥35.9t | JP¥1.7t | 11.7x |
| Mon, 01 Jul 2019 | JP¥30.3t | JP¥35.9t | JP¥1.9t | 11.5x |
| Thu, 04 Apr 2019 | JP¥30.1t | JP¥36.3t | JP¥2.1t | 10.9x |
| Sun, 06 Jan 2019 | JP¥27.2t | JP¥36.4t | JP¥2.0t | 10.8x |
10.8x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 13.3x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: Both revenue and earnings for companies in the Machinery industry have remained mostly flat over the last three years. This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Japanese Machinery industry?
| Construction Machinery and Vehicles | 3.95% | |
| Agricultural Machinery | 3.68% | |
| Industrial Machinery | 3.44% | |
Industry PE: Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 13.6x. However analysts are expecting annual earnings growth of 9.8%, which is lower than the prior year's growth of 30% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 14.6x.
Forecasted Growth: Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 11% over the next 5 years. However this is lower than its past earnings growth rate of 40% per year. Meanwhile, the Agricultural Machinery industry is expected to see its earnings grow by 3.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 6954 Fanuc | 5.9%+JP¥260.9b | -5.9% | PE32.5x | |
| 6273 SMC | 4.2%+JP¥206.2b | 17.4% | PE30.7x | |
| 6301 Komatsu | 6.5%+JP¥162.1b | 1.0% | PE16.3x | |
| 6506 YASKAWA Electric | 8.3%+JP¥115.0b | 18.6% | PE49.3x | |
| 6479 MinebeaMitsumi | 7.7%+JP¥93.1b | 49.4% | PE23x |