How does 6324's PS Ratio compare to its peers?

6324 is expensive based on its Price-To-Sales Ratio (3.4x) compared to the peer average (1x).

How does 6324's PS Ratio compare vs other companies in the JP Machinery Industry?

6324 is expensive based on its Price-To-Sales Ratio (3.4x) compared to the JP Machinery industry average (0.7x).

What is 6324's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6324 is expensive based on its Price-To-Sales Ratio (3.4x) compared to the estimated Fair Price-To-Sales Ratio (1x).

What is the Fair Price of 6324 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

6324 (¥1923) is trading above our estimate of [[fair value]] (¥991.94)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Harmonic Drive Systems (TSE:6324) - Stock Price, News & Analysis

6324 Stock Overview

Produces and sells precision control equipment and components worldwide. More details

6324 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Earnings are forecast to grow 65.71% per year

Risk Analysis

Highly volatile share price over the past 3 months compared to the JP market

Harmonic Drive Systems Inc. Competitors

Fuji

TSE:6134

JP¥205.2b

CKD

TSE:6407

JP¥170.5b

Tsubakimoto Chain

TSE:6371

JP¥198.5b

Meidensha

TSE:6508

JP¥193.0b

Price History & Performance

Summary of all time highs, changes and price drops for Harmonic Drive Systems
Historical stock prices
Current Share Price	JP¥1,923.00
52 Week High	JP¥4,780.00
52 Week Low	JP¥1,763.00
Beta	0.54
11 Month Change	-35.14%
3 Month Change	-51.32%
1 Year Change	-54.81%
33 Year Change	-59.04%
5 Year Change	-58.69%
Change since IPO	1,053.80%

Harmonic Drive Systems Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

Nov 15

Harmonic Drive Systems Inc. (TSE:6324) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Oct 27

Is Harmonic Drive Systems (TSE:6324) Using Debt Sensibly?

Oct 07

Recent updates

Harmonic Drive Systems Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

Nov 15

Harmonic Drive Systems Inc. (TSE:6324) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Oct 27

Is Harmonic Drive Systems (TSE:6324) Using Debt Sensibly?

Oct 07

Revenues Tell The Story For Harmonic Drive Systems Inc. (TSE:6324)

Sep 06

Investors Could Be Concerned With Harmonic Drive Systems' (TSE:6324) Returns On Capital

Jul 19

We Think Harmonic Drive Systems (TSE:6324) Can Stay On Top Of Its Debt

May 25

Harmonic Drive Systems' (TSE:6324) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Apr 16

Estimating The Intrinsic Value Of Harmonic Drive Systems Inc. (TSE:6324)

Mar 31

Is Harmonic Drive Systems (TYO:6324) Using Debt Sensibly?

Apr 06

If You Had Bought Harmonic Drive Systems (TYO:6324) Stock Five Years Ago, You Could Pocket A 184% Gain Today

Mar 02

Shareholder Returns

	6324	JP Machinery	JP Market
7D	-27.4%	-1.4%	-1.8%
1Y	-54.8%	16.4%	11.4%

Return vs Industry: 6324 underperformed the JP Machinery industry which returned 16.4% over the past year.

Return vs Market: 6324 underperformed the JP Market which returned 11.4% over the past year.

Price Volatility

Is 6324's price volatile compared to industry and market?
6324 volatility
6324 Average Weekly Movement	8.6%
Machinery Industry Average Movement	3.9%
Market Average Movement	3.9%
10% most volatile stocks in JP Market	7.7%
10% least volatile stocks in JP Market	2.1%

Stable Share Price: 6324's share price has been volatile over the past 3 months compared to the JP market.

Volatility Over Time: 6324's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

Founded	Employees	CEO	Website
1970	1,349	Akira Maruyama	www.hds.co.jp

Harmonic Drive Systems Inc. produces and sells precision control equipment and components worldwide. It offers speed reducers, rotary actuators, linear actuators, AC servo motors, and other mechatronics products, as well as otors, sensors, drivers, controllers, and other system elements. The company also provides HarmonicDrive, a speed reducer for space; high-precision planetary speed reducers under the AccuDrive and Harmonic Planetary brands; and high-performance gear heads for servo motors series.

Harmonic Drive Systems Inc. Fundamentals Summary

How do Harmonic Drive Systems's earnings and revenue compare to its market cap?
6324 fundamental statistics
Market cap	JP¥182.67b
Earnings (TTM)	-JP¥25.97b
Revenue (TTM)	JP¥53.59b

3.4x

P/S Ratio

-7.0x

P/E Ratio

Is 6324 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
6324 income statement (TTM)
Revenue	JP¥53.59b
Cost of Revenue	JP¥39.82b
Gross Profit	JP¥13.77b
Other Expenses	JP¥39.74b
Earnings	-JP¥25.97b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 07, 2025

Earnings per share (EPS)	-273.38
Gross Margin	25.70%
Net Profit Margin	-48.46%
Debt/Equity Ratio	21.2%

How did 6324 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

-4%

Payout Ratio

Does 6324 pay a reliable dividends?

See 6324 dividend history and benchmarks

When do you need to buy 6324 by to receive an upcoming dividend?
Harmonic Drive Systems dividend dates
Ex Dividend Date	Sep 27 2024
Dividend Pay Date	Dec 05 2024
Days until Ex dividend	54 days
Days until Dividend pay date	15 days

Does 6324 pay a reliable dividends?

See 6324 dividend history and benchmarks

6324 Stock Overview

Rewards

Risk Analysis

Harmonic Drive Systems Inc. Competitors

TSE:6134

JP¥205.2b

TSE:6407

JP¥170.5b

TSE:6371

JP¥198.5b

TSE:6508

JP¥193.0b

Price History & Performance

Recent News & Updates

Harmonic Drive Systems Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 8.6% to JP¥4,229

Harmonic Drive Systems Inc. (TSE:6324) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Is Harmonic Drive Systems (TSE:6324) Using Debt Sensibly?

Upcoming dividend of JP¥10.00 per share

Recent updates

Harmonic Drive Systems Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 8.6% to JP¥4,229

Harmonic Drive Systems Inc. (TSE:6324) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Is Harmonic Drive Systems (TSE:6324) Using Debt Sensibly?

Upcoming dividend of JP¥10.00 per share

Revenues Tell The Story For Harmonic Drive Systems Inc. (TSE:6324)

Investors Could Be Concerned With Harmonic Drive Systems' (TSE:6324) Returns On Capital

Final dividend of JP¥10.00 announced

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Harmonic Drive Systems Inc. Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending March 31, 2025

Now 24% overvalued after recent price rise

We Think Harmonic Drive Systems (TSE:6324) Can Stay On Top Of Its Debt

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 11%

Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024

Consensus EPS estimates fall by 76%

Harmonic Drive Systems' (TSE:6324) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Estimating The Intrinsic Value Of Harmonic Drive Systems Inc. (TSE:6324)

Upcoming dividend of JP¥10.00 per share

Harmonic Drive Systems Inc. to Report Fiscal Year 2024 Results on May 13, 2024

Consensus EPS estimates upgraded to JP¥1.72 loss

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 95%

Consensus EPS estimates fall from profit to JP¥1.32 loss

Harmonic Drive Systems Inc. has filed a Follow-on Equity Offering.

Harmonic Drive Systems Inc. has filed a Follow-on Equity Offering.

Consensus EPS estimates increase from loss to JP¥0.028 profit

Consensus EPS estimates upgraded to JP¥0.072 loss

Consensus EPS estimates have been downgraded.

New minor risk - Profit margin trend

Upcoming dividend of JP¥3.00 per share at 1.0% yield

Consensus EPS estimates fall by 12%

First quarter 2024 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 36%

Now 23% undervalued after recent price drop

Full year 2023 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 11%

Investor sentiment improves as stock rises 17%

Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2023

Full year 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of JP¥17.00 per share at 0.7% yield

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorated over the past week

J.P. Morgan Securities plc and Nomura Securities Co., Ltd. acquired a 9.64% stake in Harmonic Drive Systems Inc. (TSE:6324) from Nabtesco Corporation (TSE:6268) for ¥47.3 billion.

Less than half of directors are independent

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of JP¥11.00 per share

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Investor sentiment improved over the past week

Now 21% undervalued after recent price drop

Investor sentiment improved over the past week

Now 23% undervalued after recent price drop

Investor sentiment improved over the past week

Harmonic Drive Systems Inc., Annual General Meeting, Jun 22, 2022

Full year 2022 earnings: EPS exceeds analyst expectations

Harmonic Drive Systems Inc. (TSE:6324) announces an Equity Buyback for 2,000,000 shares, representing 2.08% for ¥5,000 million.

Less than half of directors are independent

Harmonic Drive Systems Inc. to Report Fiscal Year 2022 Results on May 13, 2022