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6324

Harmonic Drive SystemsJASDAQ:6324 Stock Report

Market Cap

JP¥444.3b

7D

0%

1Y

-45.4%

Updated

25 Nov, 2021

Data

Company Financials +
6324 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

6324 Stock Overview

Harmonic Drive Systems Inc. produces and sells precision control equipment and components worldwide.

Harmonic Drive Systems Competitors

Baxter International

NYSE:BAX

US$38.9b

Grifols

BME:GRF

€10.2b

Itron

NasdaqGS:ITRI

US$3.0b

Abeona Therapeutics

NasdaqCM:ABEO

US$77.2m

Price History & Performance

Summary of all time highs, changes and price drops for Harmonic Drive Systems
Historical stock prices
Current Share PriceJP¥4,615.00
52 Week HighJP¥9,510.00
52 Week LowJP¥4,335.00
Beta1.26
1 Month Change-12.93%
3 Month Change-22.70%
1 Year Change-45.45%
3 Year Change21.61%
5 Year Change59.14%
Change since IPO2,669.00%

Recent News & Updates

Shareholder Returns

6324JP MachineryJP Market
7D0%-0.2%-0.9%
1Y-45.4%7.7%12.5%

Return vs Industry: 6324 underperformed the JP Machinery industry which returned 7.7% over the past year.

Return vs Market: 6324 underperformed the JP Market which returned 12.5% over the past year.

Price Volatility

Is 6324's price volatile compared to industry and market?
6324 volatility
6324 Average Weekly Movement5.8%
Machinery Industry Average Movement3.9%
Market Average Movement3.9%
10% most volatile stocks in JP Market7.9%
10% least volatile stocks in JP Market2.2%

Stable Share Price: 6324 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6324's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
19701,104Akira Nagaihttps://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 HarmonicDrive, a speed reducer for space. The company also provides high-precision planetary-gear speed reducers under the AccuDrive and Harmonic Planetary brands; galvano mirror type optical scanners under the BEAM SERVO brand; and incremental encoders under the Harmonicsyn name.

Harmonic Drive Systems Fundamentals Summary

How do Harmonic Drive Systems's earnings and revenue compare to its market cap?
6324 fundamental statistics
Market CapJP¥444.25b
Earnings (TTM)JP¥2.90b
Revenue (TTM)JP¥45.67b

153.4x

P/E Ratio

9.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6324 income statement (TTM)
RevenueJP¥45.67b
Cost of RevenueJP¥28.45b
Gross ProfitJP¥17.23b
ExpensesJP¥14.33b
EarningsJP¥2.90b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 08, 2022

Earnings per share (EPS)30.08
Gross Margin37.72%
Net Profit Margin6.34%
Debt/Equity Ratio17.6%

How did 6324 perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

33%

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 DateMar 30 2022
Dividend Pay DateJun 24 2022
Days until Ex dividend124 days
Days until Dividend pay date210 days

Does 6324 pay a reliable dividends?

See 6324 dividend history and benchmarks

Valuation

Is Harmonic Drive Systems undervalued compared to its fair value and its price relative to the market?

153.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6324 (¥4615) is trading above our estimate of fair value (¥3079.46)

Significantly Below Fair Value: 6324 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6324 is poor value based on its PE Ratio (153.4x) compared to the JP Machinery industry average (13.1x).

PE vs Market: 6324 is poor value based on its PE Ratio (153.4x) compared to the JP market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: 6324 is poor value based on its PEG Ratio (7x)


Price to Book Ratio

PB vs Industry: 6324 is overvalued based on its PB Ratio (4.6x) compared to the JP Machinery industry average (0.8x).


Future Growth

How is Harmonic Drive Systems forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

21.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6324's forecast earnings growth (21.9% per year) is above the savings rate (0.02%).

Earnings vs Market: 6324's earnings (21.9% per year) are forecast to grow faster than the JP market (10.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6324's revenue (12.5% per year) is forecast to grow faster than the JP market (4.9% per year).

High Growth Revenue: 6324's revenue (12.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6324's Return on Equity is forecast to be low in 3 years time (10.1%).


Past Performance

How has Harmonic Drive Systems performed over the past 5 years?

-43.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6324 has high quality earnings.

Growing Profit Margin: 6324 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 6324's earnings have declined by 43.7% per year over the past 5 years.

Accelerating Growth: 6324 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 6324 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (30.8%).


Return on Equity

High ROE: 6324's Return on Equity (3%) is considered low.


Financial Health

How is Harmonic Drive Systems's financial position?


Financial Position Analysis

Short Term Liabilities: 6324's short term assets (¥40.5B) exceed its short term liabilities (¥23.6B).

Long Term Liabilities: 6324's short term assets (¥40.5B) exceed its long term liabilities (¥21.9B).


Debt to Equity History and Analysis

Debt Level: 6324 has more cash than its total debt.

Reducing Debt: 6324's debt to equity ratio has increased from 1.7% to 17.6% over the past 5 years.

Debt Coverage: 6324's debt is well covered by operating cash flow (44%).

Interest Coverage: 6324 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Harmonic Drive Systems's current dividend yield, its reliability and sustainability?

0.43%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 25 2021Ex Dividend DateMar 30 2022Dividend Pay DateJun 24 202286 days from Ex DividendBuy in the next 124 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 6324's dividend (0.43%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.35%).

High Dividend: 6324's dividend (0.43%) is low compared to the top 25% of dividend payers in the JP market (3.2%).


Stability and Growth of Payments

Stable Dividend: 6324 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.

Growing Dividend: 6324 is not paying a notable dividend for the JP market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 6324 is not paying a notable dividend for the JP market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6324's dividend in 3 years as they are not forecast to pay a notable one for the JP market.


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Akira Nagai (73 yo)

8.42yrs

Tenure

JP¥148,540,000

Compensation

Mr. Akira Nagai serves as Chief Executive Officer and Chief Financial Officer of HD Systems, Inc. Mr. Nagai has been the Chief Executive Officer and President, Executive President and Head of Marketing and...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Akira's total compensation is reasonable compared to companies of similar size in the JP market.

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


Leadership Team

Experienced Management: 6324's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: 6324's board of directors are considered experienced (4.1 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.


Top Shareholders

Company Information

Harmonic Drive Systems Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Harmonic Drive Systems Inc.
  • Ticker: 6324
  • Exchange: JASDAQ
  • Founded: 1970
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: JP¥444.254b
  • Shares outstanding: 96.26m
  • Website: https://www.hds.co.jp

Number of Employees


Location

  • Harmonic Drive Systems Inc.
  • Ichigo Omori Building
  • 4th Floor
  • Tokyo
  • 140-0013
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/25 16:03
End of Day Share Price2021/11/25 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.