6324 Stock Overview
Harmonic Drive Systems Inc. produces and sells precision control equipment and components worldwide.
Harmonic Drive Systems Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥4,615.00|
|52 Week High||JP¥9,510.00|
|52 Week Low||JP¥4,335.00|
|1 Month Change||-12.93%|
|3 Month Change||-22.70%|
|1 Year Change||-45.45%|
|3 Year Change||21.61%|
|5 Year Change||59.14%|
|Change since IPO||2,669.00%|
Recent News & Updates
|6324||JP Machinery||JP Market|
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.
|6324 Average Weekly Movement||5.8%|
|Machinery Industry Average Movement||3.9%|
|Market Average Movement||3.9%|
|10% most volatile stocks in JP Market||7.9%|
|10% least volatile stocks in JP Market||2.2%|
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
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
|6324 fundamental statistics|
Is 6324 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6324 income statement (TTM)|
|Cost of Revenue||JP¥28.45b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 08, 2022
|Earnings per share (EPS)||30.08|
|Net Profit Margin||6.34%|
How did 6324 perform over the long term?See historical performance and comparison
0.4%Current Dividend Yield
Does 6324 pay a reliable dividends?See 6324 dividend history and benchmarks
|Harmonic Drive Systems dividend dates|
|Ex Dividend Date||Mar 30 2022|
|Dividend Pay Date||Jun 24 2022|
|Days until Ex dividend||124 days|
|Days until Dividend pay date||210 days|
Does 6324 pay a reliable dividends?See 6324 dividend history and benchmarks
Is Harmonic Drive Systems undervalued compared to its fair value and its price relative to the market?
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).
How is Harmonic Drive Systems forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
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%).
How has Harmonic Drive Systems performed over the past 5 years?
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.
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.
What is Harmonic Drive Systems's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Akira Nagai (73 yo)
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.
Experienced Management: 6324's management team is seasoned and experienced (5.2 years average tenure).
Experienced Board: 6324's board of directors are considered experienced (4.1 years average tenure).
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.
Harmonic Drive Systems Inc.'s employee growth, exchange listings and data sources
- 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
- Harmonic Drive Systems Inc.
- Ichigo Omori Building
- 4th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/25 16:03|
|End of Day Share Price||2021/11/25 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.