6902 Stock Overview
DENSO Corporation develops, manufactures, and sells automotive parts in Japan, rest of Asia, North America, Europe, and internationally.
No risks detected for 6902 from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥9,191.00|
|52 Week High||JP¥10,185.00|
|52 Week Low||JP¥5,780.00|
|1 Month Change||1.52%|
|3 Month Change||17.94%|
|1 Year Change||52.42%|
|3 Year Change||79.72%|
|5 Year Change||84.08%|
|Change since IPO||512.73%|
Recent News & Updates
|6902||JP Auto Components||JP Market|
Return vs Industry: 6902 exceeded the JP Auto Components industry which returned 21.3% over the past year.
Return vs Market: 6902 exceeded the JP Market which returned 1.2% over the past year.
|6902 Average Weekly Movement||3.9%|
|Auto Components Industry Average Movement||4.5%|
|Market Average Movement||4.2%|
|10% most volatile stocks in JP Market||8.5%|
|10% least volatile stocks in JP Market||2.3%|
Stable Share Price: 6902 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 6902's weekly volatility (4%) has been stable over the past year.
About the Company
DENSO Corporation develops, manufactures, and sells automotive parts in Japan, rest of Asia, North America, Europe, and internationally. It offers air-conditioning systems, including heat pump air-conditioning systems, control system and refrigerant products, air-conditioning system heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units. The company also provides gasoline, diesel, hybrid, electric vehicle, and fuel cell vehicle power-train systems, as well as motor generators, power control units, and emission control components; and safety and cockpit systems, such as driving environment recognition, vehicle dynamic control, collision safety, visibility support, cockpit information, and information security systems, as well as other products.
DENSO Fundamentals Summary
|6902 fundamental statistics|
Is 6902 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6902 income statement (TTM)|
|Cost of Revenue||JP¥4.57t|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 02, 2022
|Earnings per share (EPS)||403.01|
|Net Profit Margin||5.67%|
How did 6902 perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Does 6902 pay a reliable dividends?See 6902 dividend history and benchmarks
|DENSO dividend dates|
|Ex Dividend Date||Mar 30 2022|
|Dividend Pay Date||May 25 2022|
|Days until Ex dividend||68 days|
|Days until Dividend pay date||124 days|
Does 6902 pay a reliable dividends?See 6902 dividend history and benchmarks
Is DENSO undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6902 (¥9191) is trading below our estimate of fair value (¥12997.9)
Significantly Below Fair Value: 6902 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6902 is poor value based on its PE Ratio (22.8x) compared to the JP Auto Components industry average (6.9x).
PE vs Market: 6902 is poor value based on its PE Ratio (22.8x) compared to the JP market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: 6902 is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 6902 is overvalued based on its PB Ratio (1.7x) compared to the JP Auto Components industry average (0.5x).
How is DENSO forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6902's forecast earnings growth (16.9% per year) is above the savings rate (0.02%).
Earnings vs Market: 6902's earnings (16.9% per year) are forecast to grow faster than the JP market (9.7% per year).
High Growth Earnings: 6902's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6902's revenue (7.2% per year) is forecast to grow faster than the JP market (4.8% per year).
High Growth Revenue: 6902's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6902's Return on Equity is forecast to be low in 3 years time (12.2%).
How has DENSO performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6902 has high quality earnings.
Growing Profit Margin: 6902 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 6902's earnings have declined by 18% per year over the past 5 years.
Accelerating Growth: 6902 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 6902 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (159.5%).
Return on Equity
High ROE: 6902's Return on Equity (8.1%) is considered low.
How is DENSO's financial position?
Financial Position Analysis
Short Term Liabilities: 6902's short term assets (¥2,744.8B) exceed its short term liabilities (¥1,443.6B).
Long Term Liabilities: 6902's short term assets (¥2,744.8B) exceed its long term liabilities (¥1,231.6B).
Debt to Equity History and Analysis
Debt Level: 6902 has more cash than its total debt.
Reducing Debt: 6902's debt to equity ratio has increased from 10.9% to 21.2% over the past 5 years.
Debt Coverage: 6902's debt is well covered by operating cash flow (68.5%).
Interest Coverage: 6902 earns more interest than it pays, so coverage of interest payments is not a concern.
What is DENSO current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 6902's dividend (1.52%) is higher than the bottom 25% of dividend payers in the JP market (1.5%).
High Dividend: 6902's dividend (1.52%) is low compared to the top 25% of dividend payers in the JP market (3.39%).
Stability and Growth of Payments
Stable Dividend: 6902's dividends per share have been stable in the past 10 years.
Growing Dividend: 6902's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.6%), 6902'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Koji Arima (63 yo)
Mr. Koji Arima has been Chief Executive Officer and President of Denso Corporation since June 19, 2015. Mr. Arima served as Senior Executive Officer of Denso Corporation since June 19, 2014. Mr. Arima serv...
CEO Compensation Analysis
Compensation vs Market: Koji's total compensation ($USD1.22M) is below average for companies of similar size in the JP market ($USD1.79M).
Compensation vs Earnings: Koji's compensation has been consistent with company performance over the past year.
Experienced Management: 6902's management team is considered experienced (3.9 years average tenure).
Experienced Board: 6902's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
DENSO Corporation's employee growth, exchange listings and data sources
- Name: DENSO Corporation
- Ticker: 6902
- Exchange: TSE
- Founded: 1949
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Implied Market Cap: JP¥7.045t
- Shares outstanding: 766.49m
- Website: https://www.denso.com/global/en/
Number of Employees
- DENSO Corporation
- 1-1, Showa-cho
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 15:48|
|End of Day Share Price||2022/01/20 00:00|
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.