DB:YMT

Stock Analysis Report

Executive Summary

Yamato Kogyo Co., Ltd. manufactures and sells steel products primarily in Japan, South Korea, the United States, Thailand, and internationally.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Share Price & News

How has Yamato Kogyo's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.7%

YMT

4.6%

DE Metals and Mining

1.7%

DE Market


1 Year Return

2.3%

YMT

-28.5%

DE Metals and Mining

7.2%

DE Market

Return vs Industry: YMT exceeded the German Metals and Mining industry which returned -28.5% over the past year.

Return vs Market: YMT underperformed the German Market which returned 7.2% over the past year.


Shareholder returns

YMTIndustryMarket
7 Day-1.7%4.6%1.7%
30 Day-1.2%3.3%2.4%
90 Day-3.7%6.2%2.3%
1 Year5.5%2.3%-27.3%-28.5%10.6%7.2%
3 Year-6.6%-12.4%-31.8%-34.1%18.4%8.1%
5 Year1.6%-7.9%-19.2%-23.7%42.3%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Yamato Kogyo undervalued compared to its fair value and its price relative to the market?

37.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: YMT (€22.8) is trading below our estimate of fair value (€36.21)

Significantly Below Fair Value: YMT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: YMT is good value based on its PE Ratio (9x) compared to the Metals and Mining industry average (9.1x).

PE vs Market: YMT is good value based on its PE Ratio (9x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: YMT is poor value based on its PEG Ratio (46.7x)


Price to Book Ratio

PB vs Industry: YMT is good value based on its PB Ratio (0.6x) compared to the DE Metals and Mining industry average (4.1x).


Next Steps

Future Growth

How is Yamato Kogyo forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

Earnings vs Market: YMT's earnings (0.2% per year) are forecast to grow slower than the German market (12.7% per year).

High Growth Earnings: YMT's earnings are forecast to grow, but not significantly.

Revenue vs Market: YMT's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: YMT's revenue is forecast to decline over the next 3 years (-0.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YMT's Return on Equity is forecast to be low in 3 years time (5.5%).


Next Steps

Past Performance

How has Yamato Kogyo performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: YMT's earnings have grown by 10.8% per year over the past 5 years.

Accelerating Growth: YMT's earnings growth over the past year (38.5%) exceeds its 5-year average (10.8% per year).

Earnings vs Industry: YMT earnings growth over the past year (38.5%) exceeded the Metals and Mining industry -7.4%.


Return on Equity

High ROE: YMT's Return on Equity (6.7%) is considered low.


Return on Assets

ROA vs Industry: YMT's Return on Assets is below or equal to the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: YMT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Yamato Kogyo's financial position?


Financial Position Analysis

Short Term Liabilities: YMT's short term assets (¥177.4B) exceeds its short term liabilities (¥31.9B)

Long Term Liabilities: YMT's short term assets (177.4B) exceeds its long term liabilities (16.9B)


Debt to Equity History and Analysis

Debt Level: YMT is debt free.

Reducing Debt: YMT has no debt compared to 5 years ago when its debt to equity ratio was 2.2%.

Debt Coverage: YMT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: YMT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: YMT has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if YMT's debt is covered by short term assets.


Next Steps

Dividend

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

2.82%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.5%markettop25%3.8%industryaverage1.9%forecastin3Years3.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: YMT's dividend (2.82%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: YMT's dividend (2.82%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: YMT's dividend payments have been volatile in the past 10 years.

Growing Dividend: YMT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.6%), YMT's dividend payments are well 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

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

2.3yrs

Average management tenure


CEO

Mikio Kobayashi (62yo)

2.3yrs

Tenure

0

Mr. Mikio Kobayashi has been President at Yamato Kogyo Co. Ltd. since June 30, 2017 and serves as its Representative Director. Mr. Kobayashi served as the Managing Director at Yamato Kogyo Co. Ltd. 


Management Age and Tenure

2.3yrs

Average Tenure

63yo

Average Age

Experienced Management: YMT's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

2.3yrs

Average Tenure

65yo

Average Age

Experienced Board: YMT's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Kazumi Kajihara (69yo)

    Senior MD & Representative Director

    • Tenure: 0yrs
  • Takafumi Yoshida (64yo)

    MD, Head of Corporate Planning & Director

    • Tenure: 0yrs
  • Mikio Kobayashi (62yo)

    President & Representative Director

    • Tenure: 2.3yrs
  • Kengo Nakaya (52yo)

    Head of General Affairs

    • Tenure: 0yrs
  • Katsumasa Kohata (67yo)

    Head of Technology & Director

    • Tenure: 0yrs
  • Kazuhiro Tsukamoto (59yo)

    MD, Head of Business Development & Director

    • Tenure: 2.3yrs

Board Members

  • Hiroyuki Inoue (74yo)

    Chairman

    • Tenure: 2.3yrs
  • Kazumi Kajihara (69yo)

    Senior MD & Representative Director

    • Tenure: 0yrs
  • Damri Tunshevavong (66yo)

    Director

    • Tenure: 0yrs
  • Takafumi Yoshida (64yo)

    MD, Head of Corporate Planning & Director

    • Tenure: 0yrs
  • Mikio Kobayashi (62yo)

    President & Representative Director

    • Tenure: 2.3yrs
  • Kengo Nakaya (52yo)

    Head of General Affairs

    • Tenure: 0yrs
  • Katsumasa Kohata (67yo)

    Head of Technology & Director

    • Tenure: 0yrs
  • Takenosuke Yasufuku (46yo)

    Director

    • Tenure: 0yrs
  • Kiyoshige Akamatsu (71yo)

    Outside Director

    • Tenure: 3.3yrs
  • Kazuhiro Tsukamoto (59yo)

    MD, Head of Business Development & Director

    • Tenure: 2.3yrs

Company Information

Yamato Kogyo Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yamato Kogyo Co., Ltd.
  • Ticker: YMT
  • Exchange: DB
  • Founded: 1944
  • Industry: Steel
  • Sector: Materials
  • Market Cap: JP¥189.419b
  • Listing Market Cap: JP¥1.567b
  • Shares outstanding: 66.89m
  • Website: https://www.yamatokogyo.co.jp

Number of Employees


Location

  • Yamato Kogyo Co., Ltd.
  • 380 Kibi
  • Otsu-ku
  • Himeji
  • Hyogo
  • 671-1192
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5444TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
YMTDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
YMTK.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Yamato Kogyo Co., Ltd. manufactures and sells steel products primarily in Japan, South Korea, the United States, Thailand, and internationally. The company offers steel products and heavy-duty processing g ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:51
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.