Loading...

We've got a brand new version of Simply Wall St! Try it out

Makita

DB:MK2A
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MK2A
DB
¥846B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Makita Corporation engages in the manufacture and wholesale of electric power tools, woodworking machines, pneumatic tools, and gardening and household equipment. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
MK2A Share Price and Events
7 Day Returns
0.9%
DB:MK2A
-2.7%
DE Machinery
-1.6%
DE Market
1 Year Returns
-32%
DB:MK2A
-35.9%
DE Machinery
-10.5%
DE Market
MK2A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Makita (MK2A) 0.9% -11.4% -16.1% -32% -17.5% 22.9%
DE Machinery -2.7% -9.3% -18.2% -35.9% -30.3% -10.2%
DE Market -1.6% -5.4% -6% -10.5% -0% 8.1%
1 Year Return vs Industry and Market
  • MK2A outperformed the Machinery industry which returned -35.9% over the past year.
  • MK2A underperformed the Market in Germany which returned -10.5% over the past year.
Price Volatility
MK2A
Industry
5yr Volatility vs Market
Related Companies

MK2A Value

 Is Makita undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Makita to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Makita.

DB:MK2A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MK2A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.044 (1 + (1- 30.86%) (1.31%))
1.036
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.036 * 5.96%)
6.4%

Discounted Cash Flow Calculation for DB:MK2A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Makita is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MK2A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.4%)
2020 28,697.67 Analyst x6 26,971.14
2021 26,492.00 Analyst x10 23,400.24
2022 29,309.63 Analyst x8 24,331.48
2023 47,473.00 Analyst x2 37,038.87
2024 78,300.00 Analyst x1 57,415.02
2025 99,314.36 Est @ 26.84% 68,442.93
2026 118,040.27 Est @ 18.86% 76,453.87
2027 133,700.71 Est @ 13.27% 81,387.13
2028 146,208.84 Est @ 9.36% 83,646.62
2029 155,883.66 Est @ 6.62% 83,816.23
Present value of next 10 years cash flows ¥562,903.52
DB:MK2A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥155,883.66 × (1 + 0.23%) ÷ (6.4% – 0.23%)
¥2,530,852.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,530,852.77 ÷ (1 + 6.4%)10
¥1,360,800.35
DB:MK2A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥562,903.52 + ¥1,360,800.35
¥1,923,703.87
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,923,703.87 / 271.47
¥7086.33
DB:MK2A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MK2A represents 0.00838x of TSE:6586
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00838x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 7,086.33 x 0.00838
€59.36
Value per share (EUR) From above. €59.36
Current discount Discount to share price of €26.10
= -1 x (€26.10 - €59.36) / €59.36
56%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Makita is available for.
Intrinsic value
>50%
Share price is €26.1 vs Future cash flow value of €59.36
Current Discount Checks
For Makita to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Makita's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Makita's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Makita's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Makita's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MK2A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in JPY ¥200.24
TSE:6586 Share Price ** TSE (2019-08-16) in JPY ¥3115
Germany Machinery Industry PE Ratio Median Figure of 36 Publicly-Listed Machinery Companies 13.78x
Germany Market PE Ratio Median Figure of 410 Publicly-Listed Companies 18.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Makita.

DB:MK2A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6586 Share Price ÷ EPS (both in JPY)

= 3115 ÷ 200.24

15.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Makita is overvalued based on earnings compared to the DE Machinery industry average.
  • Makita is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Makita's expected growth come at a high price?
Raw Data
DB:MK2A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
6.1%per year
Germany Machinery Industry PEG Ratio Median Figure of 28 Publicly-Listed Machinery Companies 1.01x
Germany Market PEG Ratio Median Figure of 262 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

DB:MK2A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.56x ÷ 6.1%

2.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Makita is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Makita's assets?
Raw Data
DB:MK2A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in JPY ¥2,064.00
TSE:6586 Share Price * TSE (2019-08-16) in JPY ¥3115
Germany Machinery Industry PB Ratio Median Figure of 46 Publicly-Listed Machinery Companies 1.35x
Germany Market PB Ratio Median Figure of 567 Publicly-Listed Companies 1.64x
DB:MK2A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6586 Share Price ÷ Book Value per Share (both in JPY)

= 3115 ÷ 2,064.00

1.51x

* Primary Listing of Makita.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Makita is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Makita's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Makita has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MK2A Future Performance

 How is Makita expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Makita expected to grow at an attractive rate?
  • Makita's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Makita's earnings growth is positive but not above the Germany market average.
  • Makita's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MK2A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MK2A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 6.1%
DB:MK2A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 4%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MK2A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MK2A Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 599,050 65,487 70,550 2
2023-03-31 572,850 60,546 65,250 2
2022-03-31 530,023 58,720 55,855 13
2021-03-31 512,242 58,689 53,248 16
2020-03-31 497,831 56,611 51,503 16
DB:MK2A Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-06-30 490,420 25,153 54,359
2019-03-31 490,578 23,155 55,750
2018-12-31 489,016 20,955 56,086
2018-09-30 489,143 24,828 56,755
2018-06-30 486,872 32,139 56,969
2018-03-31 477,298 33,294 54,755
2017-12-31 463,918 40,193 51,911
2017-09-30 445,895 46,961 48,388
2017-06-30 426,787 56,589 44,893
2017-03-31 414,999 63,351 44,782
2016-12-31 405,848 58,656 43,410
2016-09-30 406,491 53,641 44,201

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Makita's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
  • Makita's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MK2A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Makita Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MK2A Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 223.68 223.68 223.68 1.00
2023-03-31 211.91 211.91 211.91 1.00
2022-03-31 207.09 243.20 172.49 14.00
2021-03-31 196.60 227.00 168.34 17.00
2020-03-31 189.22 215.00 162.45 17.00
DB:MK2A Past Financials Data
Date (Data in JPY Millions) EPS *
2019-06-30 200.24
2019-03-31 205.37
2018-12-31 206.60
2018-09-30 209.07
2018-06-30 209.86
2018-03-31 201.70
2017-12-31 191.23
2017-09-30 178.25
2017-06-30 165.37
2017-03-31 164.96
2016-12-31 159.91
2016-09-30 162.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Makita is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Makita's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Makita has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MK2A Past Performance

  How has Makita performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Makita's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Makita's year on year earnings growth rate has been positive over the past 5 years.
  • Makita's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Makita's 1-year earnings growth is negative, it can't be compared to the DE Machinery industry average.
Earnings and Revenue History
Makita's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Makita Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MK2A Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 490,420.00 54,359.00 100,194.00
2019-03-31 490,578.00 55,750.00 98,917.00
2018-12-31 489,016.00 56,086.00 88,707.00 10,894.00
2018-09-30 489,143.00 56,755.00 88,615.00 10,894.00
2018-06-30 486,872.00 56,969.00 86,772.00 10,894.00
2018-03-31 477,298.00 54,755.00 84,469.00 10,894.00
2017-12-31 463,918.00 51,911.00 83,151.00 10,139.00
2017-09-30 445,895.00 48,388.00 79,123.00 10,139.00
2017-06-30 426,787.00 44,893.00 76,012.00 10,139.00
2017-03-31 414,999.00 44,782.00 74,790.00 10,139.00
2016-12-31 405,848.00 43,410.00 74,368.00 9,593.00
2016-09-30 406,491.00 44,201.00 76,198.00 9,593.00
2016-06-30 417,325.00 43,946.00 78,371.00 9,593.00
2016-03-31 423,623.00 41,615.00 79,233.00 9,593.00
2015-12-31 427,689.00 41,476.00 81,402.00 9,117.00
2015-09-30 424,263.00 41,289.00 80,504.00 9,117.00
2015-06-30 420,538.00 44,500.00 78,013.00 9,117.00
2015-03-31 414,718.00 45,307.00 76,912.00 9,117.00
2014-12-31 411,189.00 44,237.00 75,172.00 8,720.00
2014-09-30 404,963.00 44,854.00 74,111.00 8,720.00
2014-06-30 394,203.00 42,339.00 73,640.00 8,720.00
2014-03-31 383,207.00 38,453.00 72,146.00 8,720.00
2013-12-31 366,487.00 38,485.00 79,095.00
2013-09-30 344,284.00 34,306.00 75,445.00
2013-06-30 325,446.00 31,900.00 72,091.00
2013-03-31 309,630.00 31,076.00 61,458.00 8,396.00
2012-12-31 298,318.00 31,319.00 60,174.00 7,603.00
2012-09-30 293,907.00 31,267.00 59,475.00 7,603.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Makita has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Makita used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • Makita's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Makita's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Makita has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MK2A Health

 How is Makita's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Makita's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Makita is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Makita's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Makita's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 42.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Makita Company Filings, last reported 1 month ago.

DB:MK2A Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 564,835.00 11,096.00 130,972.00
2019-03-31 577,222.00 11,799.00 146,512.00
2018-12-31 562,664.00 6,445.00 133,853.00
2018-09-30 570,032.00 2,642.00 135,189.00
2018-06-30 551,501.00 2,546.00 140,512.00
2018-03-31 556,133.00 3,544.00 205,115.00
2017-12-31 558,793.00 5,979.00 208,301.00
2017-09-30 540,666.00 8,019.00 198,991.00
2017-06-30 516,846.00 7,390.00 191,428.00
2017-03-31 505,811.00 6,597.00 199,951.00
2016-12-31 497,771.00 6,954.00 190,620.00
2016-09-30 453,143.00 6,399.00 167,123.00
2016-06-30 445,611.00 4,266.00 151,226.00
2016-03-31 483,370.00 2,225.00 163,723.00
2015-12-31 495,294.00 3,526.00 163,731.00
2015-09-30 491,906.00 4,930.00 157,162.00
2015-06-30 499,598.00 5,300.00 155,901.00
2015-03-31 489,585.00 5,030.00 165,888.00
2014-12-31 495,706.00 3,776.00 164,623.00
2014-09-30 465,370.00 3,505.00 149,315.00
2014-06-30 439,618.00 3,214.00 129,669.00
2014-03-31 439,444.00 4,134.00 138,453.00
2013-12-31 440,124.00 4,107.00 136,270.00
2013-09-30 405,321.00 3,946.00 130,326.00
2013-06-30 390,834.00 3,523.00 113,691.00
2013-03-31 376,332.00 1,686.00 113,605.00
2012-12-31 349,397.00 1,319.00 106,386.00
2012-09-30 316,926.00 1,812.00 87,174.00
  • Makita's level of debt (1.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.7% vs 1.9% today).
  • Debt is well covered by operating cash flow (230%, greater than 20% of total debt).
  • Makita earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Makita's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Makita has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MK2A Dividends

 What is Makita's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.99%
Current annual income from Makita dividends. Estimated to be 1.97% next year.
If you bought €2,000 of Makita shares you are expected to receive €40 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Makita's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.59%).
  • Makita's dividend is below the markets top 25% of dividend payers in Germany (4.29%).
Upcoming dividend payment

Purchase Makita before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MK2A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MK2A Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 69.00 1.00
2023-03-31 65.00 1.00
2022-03-31 63.50 13.00
2021-03-31 61.48 16.00
2020-03-31 58.42 16.00
DB:MK2A Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 62.000 1.766
2019-04-26 62.000 1.680
2018-04-26 61.000 1.360
2017-06-29 50.000 1.064
2017-04-27 50.000 1.207
2016-04-27 50.500 1.373
2015-07-10 51.500 1.520
2015-04-28 51.500 1.543
2014-07-10 45.500 1.560
2014-04-28 45.500 1.552
2013-04-26 34.500 1.276
2012-11-29 26.000 1.251
2012-04-27 36.000 2.507
2011-07-01 33.000 2.212
2011-04-28 33.000 1.877
2010-06-28 26.000 1.734
2010-04-28 26.000 1.989
2009-07-09 40.000 2.776
2009-06-26 40.000 3.567
2009-04-28 40.000 3.511

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Makita's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Makita's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Makita afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Makita has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MK2A Management

 What is the CEO of Makita's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Munetoshi Goto
CEO Bio

Mr. Munetoshi Goto serves as President & Representative Director of Makita Corporation and served as its General Manager of International Sales Headquarters, Corporate Officer.

CEO Compensation
  • Insufficient data for Munetoshi to compare compensation growth.
  • Insufficient data for Munetoshi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Makita management team in years:

15.2
Average Tenure
69
Average Age
  • The average tenure for the Makita management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Munetoshi Goto

TITLE
President & Representative Director

Tadayoshi Torii

TITLE
Managing Corporate Officer
AGE
73
TENURE
18.2 yrs

Hisayoshi Niwa

TITLE
Corporate Officer
AGE
70
TENURE
19.8 yrs

Shinichiro Tomita

TITLE
Corporate Officer
AGE
68
TENURE
12.2 yrs

Tetsuhisa Kaneko

TITLE
Corporate Officer
AGE
64

Tomoyuki Ota

TITLE
Corporate Officer

Takashi Omote

TITLE
Corporate Officer

Takashi Tsuchiya

TITLE
Corporate Officer

Masaki Yoshida

TITLE
Corporate Officer

Tomoharu Yasuda

TITLE
Corporate Officer and Assistant GM of Domestic Sales & Marketing Headquarters for Tokyo Area
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the Makita board of directors in years:

12.2
Average Tenure
70
Average Age
  • The average tenure for the Makita board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Masahiko Goto

TITLE
Chairman of the Board
AGE
73

Munetoshi Goto

TITLE
President & Representative Director

Tadayoshi Torii

TITLE
Managing Corporate Officer
AGE
73
TENURE
18.2 yrs

Hisayoshi Niwa

TITLE
Corporate Officer
AGE
70
TENURE
16.2 yrs

Shinichiro Tomita

TITLE
Corporate Officer
AGE
68
TENURE
12.2 yrs

Tetsuhisa Kaneko

TITLE
Corporate Officer
AGE
64
TENURE
12.2 yrs

Tomoyuki Ota

TITLE
Corporate Officer

Takashi Omote

TITLE
Corporate Officer

Takashi Tsuchiya

TITLE
Corporate Officer
TENURE
4.2 yrs

Masaki Yoshida

TITLE
Corporate Officer
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Makita's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Makita has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MK2A News

Simply Wall St News

MK2A Company Info

Description

Makita Corporation engages in the manufacture and wholesale of electric power tools, woodworking machines, pneumatic tools, and gardening and household equipment. The company operates through Japan Group, Europe Group, North America Group, Asia Group, and Other Regions Group segments. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sandling, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals. The company also provides sanders, hammer drills, rotary hammers, and circular saws. Makita Corporation markets its products under the Makita or Maktec brands in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. The company was formerly known as Makita Electric Works, Ltd. and changed its name to Makita Corporation in April 1991. Makita Corporation was founded in 1915 and is headquartered in Anjo, Japan.

Details
Name: Makita Corporation
MK2A
Exchange: DB
Founded: 1915
¥7,167,720,917
271,466,861
Website: http://www.makita.co.jp
Address: Makita Corporation
3-11-8, Sumiyoshi-cho,
Anjo,
Aichi, 446-8502,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6586 Common Stock The Tokyo Stock Exchange JP JPY 15. Dec 1975
OTCPK MKEW.F Common Stock Pink Sheets LLC US USD 15. Dec 1975
DB MK2A Common Stock Deutsche Boerse AG DE EUR 15. Dec 1975
OTCPK MKTA.Y SPONSORED ADR Pink Sheets LLC US USD 15. Dec 1975
Number of employees
Current staff
Staff numbers
16,424
Makita employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 21:32
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.