Okuma Corporation manufactures and sells machine tools, NC controllers, FA products, and servo motors in Japan, the United States, rest of the Americas, Europe, China, and the Asia Pacific. More Details
Flawless balance sheet with reasonable growth potential.
Share Price & News
How has Okuma's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6103 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 6103 underperformed the JP Machinery industry which returned 1.1% over the past year.
Return vs Market: 6103 underperformed the JP Market which returned 0.1% over the past year.
Price Volatility Vs. Market
How volatile is Okuma's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Okuma 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: 6103 (¥5250) is trading above our estimate of fair value (¥4993.6)
Significantly Below Fair Value: 6103 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6103 is poor value based on its PE Ratio (20.3x) compared to the JP Machinery industry average (14.3x).
PE vs Market: 6103 is poor value based on its PE Ratio (20.3x) compared to the JP market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: 6103 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 6103 is overvalued based on its PB Ratio (1x) compared to the JP Machinery industry average (0.7x).
How is Okuma forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6103's forecast earnings growth (30% per year) is above the savings rate (0.05%).
Earnings vs Market: 6103's earnings (30% per year) are forecast to grow faster than the JP market (17.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 6103's revenue (7.6% per year) is forecast to grow faster than the JP market (5.2% per year).
High Growth Revenue: 6103's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6103's Return on Equity is forecast to be low in 3 years time (6.7%).
How has Okuma performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6103 has high quality earnings.
Growing Profit Margin: 6103's current net profit margins (5.2%) are lower than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: 6103's earnings have grown by 2.3% per year over the past 5 years.
Accelerating Growth: 6103's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6103 had negative earnings growth (-53.5%) over the past year, making it difficult to compare to the Machinery industry average (-20.8%).
Return on Equity
High ROE: 6103's Return on Equity (5%) is considered low.
How is Okuma's financial position?
Financial Position Analysis
Short Term Liabilities: 6103's short term assets (¥132.5B) exceed its short term liabilities (¥30.3B).
Long Term Liabilities: 6103's short term assets (¥132.5B) exceed its long term liabilities (¥8.6B).
Debt to Equity History and Analysis
Debt Level: 6103's debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 6103's debt to equity ratio has reduced from 10.6% to 3.5% over the past 5 years.
Debt Coverage: 6103's debt is well covered by operating cash flow (169.4%).
Interest Coverage: 6103 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Okuma current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6103's dividend (1.52%) is higher than the bottom 25% of dividend payers in the JP market (1.33%).
High Dividend: 6103's dividend (1.52%) is low compared to the top 25% of dividend payers in the JP market (3.17%).
Stability and Growth of Payments
Stable Dividend: 6103 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 6103's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.3%), 6103's dividend payments are 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?
Yoshimaro Hanaki (78 yo)
Mr. Yoshimaro Hanaki is Chairman of Okuma Corporation since June 2019. He serves as Chief Executive Officer at Okuma Corporation and was its President since June 2006 until June 2019. Mr. Hanaki joined Oku ...
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.
Okuma Corporation's company bio, employee growth, exchange listings and data sources
- Name: Okuma Corporation
- Ticker: 6103
- Exchange: TSE
- Founded: 1898
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: JP¥168.595b
- Shares outstanding: 31.57m
- Website: https://www.okuma.co.jp
Number of Employees
- Okuma Corporation
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|6103||TSE (The Tokyo Stock Exchange)||Yes||Common Stock||JP||JPY||Jan 1992|
|OKU||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1992|
Okuma Corporation manufactures and sells machine tools, NC controllers, FA products, and servo motors in Japan, the United States, rest of the Americas, Europe, China, and the Asia Pacific. The company off ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/23 14:59|
|End of Day Share Price||2020/10/22 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.