DB:YMA

Stock Analysis Report

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Executive Summary

Yamaha Motor Co., Ltd., together with its subsidiaries, engages in the land mobility, marine products, robotics, and financial services businesses in Japan, North America, Europe, Asia, and internationally. More Details


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Yamaha Motor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: YMA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.1%

YMA

1.7%

DE Auto

0.7%

DE Market


1 Year Return

-24.0%

YMA

12.1%

DE Auto

7.5%

DE Market

Return vs Industry: YMA underperformed the German Auto industry which returned 10.1% over the past year.

Return vs Market: YMA underperformed the German Market which returned 5.4% over the past year.


Shareholder returns

YMAIndustryMarket
7 Day-2.1%1.7%0.7%
30 Day-4.5%1.5%-1.1%
90 Day-8.6%5.3%0.9%
1 Year-22.4%-24.0%15.4%12.1%10.7%7.5%
3 Year-43.6%-48.8%8.9%-2.2%1.7%-7.2%
5 Year-26.6%-36.7%28.9%8.9%31.1%12.4%

Price Volatility Vs. Market

How volatile is Yamaha Motor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Yamaha Motor undervalued compared to its fair value and its price relative to the market?

24.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: YMA (€12.52) is trading below our estimate of fair value (€16.54)

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


Price To Earnings Ratio

PE vs Industry: YMA is poor value based on its PE Ratio (25.3x) compared to the XE Auto industry average (18.1x).

PE vs Market: YMA is poor value based on its PE Ratio (25.3x) compared to the German market (22.1x).


Price to Earnings Growth Ratio

PEG Ratio: YMA is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: YMA's PB Ratio (0.8x) is in line with the DE Auto industry average.


Next Steps

Future Growth

How is Yamaha Motor forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

40.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YMA's forecast earnings growth (40.5% per year) is above the savings rate (0.2%).

Earnings vs Market: YMA's earnings (40.5% per year) are forecast to grow faster than the German market (27.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: YMA's revenue (5.8% per year) is forecast to grow slower than the German market (6.2% per year).

High Growth Revenue: YMA's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YMA's Return on Equity is forecast to be low in 3 years time (9.9%).


Next Steps

  • Explore growth companies in the Automobiles industry.

Past Performance

How has Yamaha Motor performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YMA has high quality earnings.

Growing Profit Margin: YMA's current net profit margins (1.4%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: YMA's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: YMA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: YMA had negative earnings growth (-76.2%) over the past year, making it difficult to compare to the Auto industry average (-38.2%).


Return on Equity

High ROE: YMA's Return on Equity (3.6%) is considered low.


Next Steps

Financial Health

How is Yamaha Motor's financial position?


Financial Position Analysis

Short Term Liabilities: YMA's short term assets (¥1,075.8B) exceed its short term liabilities (¥640.4B).

Long Term Liabilities: YMA's short term assets (¥1,075.8B) exceed its long term liabilities (¥453.1B).


Debt to Equity History and Analysis

Debt Level: YMA's debt to equity ratio (105.8%) is considered high.

Reducing Debt: YMA's debt to equity ratio has increased from 72.6% to 105.8% over the past 5 years.

Debt Coverage: YMA's debt is not well covered by operating cash flow (1.5%).

Interest Coverage: YMA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Yamaha Motor current dividend yield, its reliability and sustainability?

0.98%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: YMA's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.15%).

High Dividend: YMA's dividend (0.99%) is low compared to the top 25% of dividend payers in the German market (3.67%).


Stability and Growth of Payments

Stable Dividend: YMA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: YMA has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.8%), YMA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Yoshihiro Hidaka

2.67yrs

Tenure

JP¥181,000,000

Compensation

Mr. Yoshihiro Hidaka has been Chief Executive Officer and President of Yamaha Motor Co. Ltd. since January 2018 and its Representative Director since March 2017. Mr. Hidaka served as Executive General Mana ...


CEO Compensation Analysis

Compensation vs Market: Yoshihiro's total compensation ($USD1.72M) is below average for companies of similar size in the German market ($USD3.82M).

Compensation vs Earnings: Yoshihiro's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Yoshihiro Hidaka
CEO, President & Representative Director2.67yrsJP¥181.00m0.0078%
¥ 336.7k
Katsuaki Watanabe
Executive VP & Representative Director6.5yrsJP¥113.00m0.0096%
¥ 413.5k
Itaru Otani
Executive Officer and Chief General Manager of Human Resources & General Affairs Centerno datano datano data
Toshizumi Katou
Managing Executive Officer & Director6.5yrsno datano data
Hiroaki Fujita
Senior Executive Officer and Chief GM of Advanced Technology Centerno datano datano data
Katsuhito Yamaji
Managing Executive Officer & Director3.5yrsno data0.0060%
¥ 255.9k
Kazuhiro Kuwata
Senior Executive Officerno datano datano data
Makoto Shimamoto
Sr. Exe. Officer3.5yrsno data0.0042%
¥ 181.6k
Tatsumi Okawa
Senior Executive Officer2.5yrsno data0.0044%
¥ 190.2k
Akihiro Nagaya
Chief GM of Creative Centreno datano datano data
Heiji Maruyama
Senior Executive Officerno datano datano data
Hirofumi Usui
Senior Executive Officer and Chief GM of Marine Business Operationsno datano datano data

5.5yrs

Average Tenure

Experienced Management: YMA's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yoshihiro Hidaka
CEO, President & Representative Director2.67yrsJP¥181.00m0.0078%
¥ 336.7k
Katsuaki Watanabe
Executive VP & Representative Director6.5yrsJP¥113.00m0.0096%
¥ 413.5k
Toshizumi Katou
Managing Executive Officer & Director6.5yrsno datano data
Katsuhito Yamaji
Managing Executive Officer & Director3.5yrsno data0.0060%
¥ 255.9k
Makoto Shimamoto
Sr. Exe. Officer3.5yrsno data0.0042%
¥ 181.6k
Tatsumi Okawa
Senior Executive Officer2.5yrsno data0.0044%
¥ 190.2k
Takehiro Kamigama
Independent Outside Director2.5yrsno datano data
Hiroyuki Yanagi
Chairman2.67yrsJP¥140.00m0.024%
¥ 1.0m
Takuya Nakata
Independent Outside Director6.5yrsno data0.0034%
¥ 145.1k
Yuko Tashiro
Independent Outside Director1.5yrsno datano data
Kenji Hironaga
Full-time Audit & Supervisory Board Member5.5yrsno data0.0016%
¥ 70.0k
Tetsuji Ohashi
Independent Outside Director0.50yrno datano data

3.5yrs

Average Tenure

66yo

Average Age

Experienced Board: YMA's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Yamaha Motor Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yamaha Motor Co., Ltd.
  • Ticker: YMA
  • Exchange: DB
  • Founded: 1955
  • Industry: Motorcycle Manufacturers
  • Sector: Automobiles
  • Market Cap: JP¥531.838b
  • Listing Market Cap: JP¥4.294b
  • Shares outstanding: 349.43m
  • Website: https://global.yamaha-motor.com

Number of Employees


Location

  • Yamaha Motor Co., Ltd.
  • 2500 Shingai
  • Iwata
  • Shizuoka
  • 438-8501
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YAMH.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
7272TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
YMADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
YAMH.YOTCPK (Pink Sheets LLC)UNSPONSOR ADRUSUSDOct 2008

Biography

Yamaha Motor Co., Ltd., together with its subsidiaries, engages in the land mobility, marine products, robotics, and financial services businesses in Japan, North America, Europe, Asia, and internationally ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 20:55
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.