Yamaha Motor (TSE:7272) - Share price, News & Analysis

7272 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	4/6

7272 Stock Overview

Rewards

Trading at 47.1% below our estimate of its fair value

Earnings are forecast to grow 5.11% per year

Earnings grew by 71.8% over the past year

Risk Analysis

Dividend of 4.43% is not well covered by earnings

Yamaha Motor Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Yamaha Motor
Historical stock prices
Current Share Price	JP¥2,594.00
52 Week High	JP¥3,280.00
52 Week Low	JP¥2,170.00
Beta	1.65
1 Month Change	2.05%
3 Month Change	-3.06%
1 Year Change	-19.94%
3 Year Change	35.46%
5 Year Change	-10.49%
Change since IPO	198.16%

Shareholder Returns

	7272	JP Auto	JP Market
7D	1.5%	2.3%	1.9%
1Y	-19.9%	3.2%	-6.2%

Return vs Industry: 7272 underperformed the JP Auto industry which returned 3.2% over the past year.

Return vs Market: 7272 underperformed the JP Market which returned -6.2% over the past year.

Price Volatility

Is 7272's price volatile compared to industry and market?
7272 volatility
7272 Average Weekly Movement	4.8%
Auto Industry Average Movement	4.7%
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: 7272 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 7272's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1955	51,249	Yoshihiro Hidaka	https://global.yamaha-motor.com

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. Its Land Mobility segment offers motorcycles, leaning multi-wheelers, all-terrain vehicles, recreational off highway vehicles, snowmobiles, and electrically power-assisted bicycles, as well as intermediate parts for products, and knockdown parts. The company’s Marine Products segment provides outboard motors (marine engines), personal watercraft, boats, FRP pools, fishing boats, and utility boats.

Yamaha Motor Fundamentals Summary

How do Yamaha Motor's earnings and revenue compare to its market cap?
7272 fundamental statistics
Market Cap	JP¥894.18b
Earnings (TTM)	JP¥146.41b
Revenue (TTM)	JP¥1.85t

6.1x

P/E Ratio

0.5x

P/S Ratio

Is 7272 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
7272 income statement (TTM)
Revenue	JP¥1.85t
Cost of Revenue	JP¥1.34t
Gross Profit	JP¥511.43b
Other Expenses	JP¥365.02b
Earnings	JP¥146.41b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	424.74
Gross Margin	27.64%
Net Profit Margin	7.91%
Debt/Equity Ratio	56.9%

How did 7272 perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

27%

Payout Ratio

Does 7272 pay a reliable dividends?

See 7272 dividend history and benchmarks

When do you need to buy 7272 by to receive an upcoming dividend?
Yamaha Motor dividend dates
Ex Dividend Date	Jun 29 2022
Dividend Pay Date	Sep 12 2022
Days until Ex dividend	2 days
Days until Dividend pay date	77 days

Does 7272 pay a reliable dividends?

See 7272 dividend history and benchmarks

We’ve recently updated our valuation analysis.

Valuation

Is 7272 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7272?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 7272. This is calculated by dividing 7272's market cap by their current preferred multiple.
What is 7272's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	JP¥894.18b

7272 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.6x
Enterprise Value/EBITDA	5.2x
PEG Ratio	1.2x

Price to Earnings Ratio vs Peers

How does 7272's PE Ratio compare to its peers?

7272 PE Ratio vs Peers

The above table shows the PE ratio for 7272 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	13.5x

Forward PE

Price-To-Earnings vs Peers: 7272 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (13.5x).

Price to Earnings Ratio vs Industry

How does 7272's PE Ratio compare vs other companies in the Auto Industry?

Price-To-Earnings vs Industry: 7272 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the JP Auto industry average (9.6x)

Price to Earnings Ratio vs Fair Ratio

What is 7272'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.

7272 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6.1x
Fair PE Ratio	9.9x

Price-To-Earnings vs Fair Ratio: 7272 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (9.9x).

Share Price vs Fair Value

What is the Fair Price of 7272 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7272 (¥2594) is trading below our estimate of fair value (¥4904.39)

Significantly Below Fair Value: 7272 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: 7272 is poor value based on its PEG Ratio (1.2x)

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Future Growth

How is Yamaha Motor forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

5.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7272's forecast earnings growth (5.1% per year) is above the savings rate (0.02%).

Earnings vs Market: 7272's earnings (5.1% per year) are forecast to grow slower than the JP market (9% per year).

High Growth Earnings: 7272's earnings are forecast to grow, but not significantly.

Revenue vs Market: 7272's revenue (3.6% per year) is forecast to grow slower than the JP market (4.4% per year).

High Growth Revenue: 7272's revenue (3.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 7272's Return on Equity is forecast to be low in 3 years time (13.6%).

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Past Performance

How has Yamaha Motor performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

6.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 7272 has high quality earnings.

Growing Profit Margin: 7272's current net profit margins (7.9%) are higher than last year (5.6%).

Past Earnings Growth Analysis

Earnings Trend: 7272's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: 7272's earnings growth over the past year (71.8%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: 7272 earnings growth over the past year (71.8%) exceeded the Auto industry 18.2%.

Return on Equity

High ROE: 7272's Return on Equity (16.5%) is considered low.

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Financial Health

How is Yamaha Motor's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 7272's short term assets (¥1,206.6B) exceed its short term liabilities (¥625.7B).

Long Term Liabilities: 7272's short term assets (¥1,206.6B) exceed its long term liabilities (¥445.4B).

Debt to Equity History and Analysis

Debt Level: 7272's net debt to equity ratio (24.5%) is considered satisfactory.

Reducing Debt: 7272's debt to equity ratio has reduced from 66.7% to 56.9% over the past 5 years.

Debt Coverage: 7272's debt is well covered by operating cash flow (20.3%).

Interest Coverage: 7272 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.43%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: 7272's dividend (4.43%) is higher than the bottom 25% of dividend payers in the JP market (1.68%).

High Dividend: 7272's dividend (4.43%) is in the top 25% of dividend payers in the JP market (3.74%)

Stability and Growth of Payments

Stable Dividend: 7272's dividend payments have been volatile in the past 10 years.

Growing Dividend: 7272's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.3%), 7272's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (98.4%), 7272's dividend payments are not well covered by cash flows.

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Management

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

1.4yrs

Average management tenure

CEO

Yoshihiro Hidaka

4.42yrs

Tenure

JP¥126,000,000

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 ($USD932.63K) is about average for companies of similar size in the JP market ($USD1.10M).

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

Leadership Team

Experienced Management: 7272's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Experienced Board: 7272's board of directors are considered experienced (3.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31