Komatsu Ltd.

WBAG:KOMT Stock Report

Market Cap: €23.6b

Komatsu Valuation

Is KOMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KOMT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KOMT (€25.48) is trading below our estimate of fair value (€47.93)

Significantly Below Fair Value: KOMT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KOMT?

Key metric: As KOMT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KOMT. This is calculated by dividing KOMT's market cap by their current earnings.
What is KOMT's PE Ratio?
PE Ratio9.7x
EarningsJP¥389.43b
Market CapJP¥3.77t

Price to Earnings Ratio vs Peers

How does KOMT's PE Ratio compare to its peers?

The above table shows the PE ratio for KOMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.8x
PAL Palfinger
6.3x-0.3%€678.0m
ROS Rosenbauer International
31.9x62.6%€236.6m
ANDR Andritz
10.5x5.2%€5.3b
6201 Toyota Industries
14.5x7.5%JP¥3.4t
KOMT Komatsu
9.7x4.4%€3.8t

Price-To-Earnings vs Peers: KOMT is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (15.8x).

Price to Earnings Ratio vs Industry

How does KOMT's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KOMT 9.7xIndustry Avg. 17.4xNo. of Companies29PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KOMT is good value based on its Price-To-Earnings Ratio (9.7x) compared to the European Machinery industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is KOMT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KOMT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ratio13.4x

Price-To-Earnings vs Fair Ratio: KOMT is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (13.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KOMT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€25.48
€28.09
+10.2%
16.6%€33.56€20.13n/a11
Nov ’25€24.00
€27.80
+15.8%
17.0%€33.28€19.36n/a11
Oct ’25€25.19
€28.44
+12.9%
16.9%€34.14€19.86n/a11
Sep ’25€25.23
€29.76
+18.0%
13.7%€34.04€21.04n/a11
Aug ’25€24.79
€31.22
+25.9%
9.2%€35.14€24.04n/a11
Jul ’25€27.47
€29.23
+6.4%
11.4%€33.57€22.38n/a11
Jun ’25€26.95
€29.27
+8.6%
11.5%€33.68€22.45n/a11
May ’25€28.01
€29.38
+4.9%
11.5%€33.86€22.57n/a11
Apr ’25€27.43
€28.55
+4.1%
12.7%€33.51€20.71n/a11
Mar ’25€26.99
€27.29
+1.1%
13.1%€32.47€20.83n/a12
Feb ’25€26.05
€27.49
+5.5%
12.0%€31.44€21.38n/a12
Jan ’25€23.72
€27.73
+16.9%
12.2%€31.66€21.53n/a12
Dec ’24€23.55
€27.45
+16.6%
10.4%€30.99€23.55n/a12
Nov ’24€21.85
€28.57
+30.7%
12.6%€34.75€22.12€24.0013
Oct ’24€25.65
€28.96
+12.9%
12.3%€34.81€22.15€25.1913
Sep ’24€26.70
€27.97
+4.7%
12.6%€34.70€22.08€25.2313
Aug ’24€25.88
€27.17
+5.0%
10.1%€30.48€22.23€24.7913
Jul ’24€24.72
€25.32
+2.4%
10.0%€28.51€21.85€27.4714
Jun ’24€22.17
€25.63
+15.6%
13.4%€29.92€18.62€26.9515
May ’24€22.32
€25.10
+12.4%
11.8%€29.31€18.65€28.0115
Apr ’24€22.69
€26.19
+15.4%
12.4%€30.75€19.57€27.4315
Mar ’24€23.09
€24.97
+8.1%
12.0%€30.57€19.46€26.9915
Feb ’24€22.22
€25.25
+13.6%
11.8%€31.09€19.78€26.0515
Jan ’24€20.43
€24.76
+21.2%
12.0%€30.66€19.51€23.7215
Dec ’23€22.07
€24.40
+10.6%
12.1%€30.24€19.24€23.5515
Nov ’23€20.38
€23.76
+16.6%
12.3%€29.95€19.06€21.8515

Analyst Forecast: Target price is less than 20% higher than the current share price.

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