Okuma Corporation

TSE:6103 Stock Report

Market Cap: JP¥190.0b

Okuma Valuation

Is 6103 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 6103 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6103 (¥3125) is trading below our estimate of fair value (¥9041.16)

Significantly Below Fair Value: 6103 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6103?

Key metric: As 6103 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6103. This is calculated by dividing 6103's market cap by their current earnings.
What is 6103's PE Ratio?
PE Ratio13.3x
EarningsJP¥14.21b
Market CapJP¥189.98b

Price to Earnings Ratio vs Peers

How does 6103's PE Ratio compare to its peers?

The above table shows the PE ratio for 6103 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.4x
6371 Tsubakimoto Chain
9.1x-2.6%JP¥197.6b
6508 Meidensha
12.1x6.9%JP¥187.8b
7004 Kanadevia
9.2x10.2%JP¥159.8b
6135 Makino Milling Machine
11.2x6.0%JP¥156.9b
6103 Okuma
13.3x11.7%JP¥190.0b

Price-To-Earnings vs Peers: 6103 is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does 6103's PE Ratio compare vs other companies in the JP Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
6103 13.3xIndustry Avg. 12.3xNo. of Companies38PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6103 is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the JP Machinery industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is 6103'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.

6103 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ratio14x

Price-To-Earnings vs Fair Ratio: 6103 is good value based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (14x).

Analyst Price Targets

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

The above table shows the analyst 6103 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥3,125.00
JP¥3,277.00
+4.9%
13.0%JP¥3,935.00JP¥2,800.00n/a5
Nov ’25JP¥3,130.00
JP¥3,317.00
+6.0%
13.9%JP¥3,935.00JP¥2,800.00n/a5
Oct ’25JP¥3,133.00
JP¥3,357.00
+7.1%
13.4%JP¥3,935.00JP¥2,800.00n/a5
Sep ’25JP¥3,025.00
JP¥3,496.25
+15.6%
10.5%JP¥3,935.00JP¥3,000.00n/a4
Aug ’25JP¥3,577.00
JP¥3,633.75
+1.6%
10.2%JP¥3,935.00JP¥3,000.00n/a4
Jul ’25JP¥3,743.00
JP¥3,633.75
-2.9%
10.2%JP¥3,935.00JP¥3,000.00n/a4
Jun ’25JP¥3,360.50
JP¥3,692.50
+9.9%
11.6%JP¥4,170.00JP¥3,000.00n/a4
May ’25JP¥3,520.50
JP¥3,692.50
+4.9%
11.6%JP¥4,170.00JP¥3,000.00n/a4
Apr ’25JP¥3,559.00
JP¥3,630.00
+2.0%
11.6%JP¥4,170.00JP¥3,000.00n/a4
Mar ’25JP¥3,566.00
JP¥3,630.00
+1.8%
11.6%JP¥4,170.00JP¥3,000.00n/a4
Feb ’25JP¥3,450.50
JP¥3,590.00
+4.0%
13.3%JP¥4,170.00JP¥3,000.00n/a3
Jan ’25JP¥3,037.50
JP¥3,756.67
+23.7%
14.3%JP¥4,170.00JP¥3,000.00n/a3
Dec ’24JP¥3,090.00
JP¥3,771.25
+22.0%
11.9%JP¥4,100.00JP¥3,000.00n/a4
Nov ’24JP¥2,961.50
JP¥3,996.25
+34.9%
16.5%JP¥4,850.00JP¥3,000.00JP¥3,130.004
Oct ’24JP¥3,287.50
JP¥4,033.75
+22.7%
16.5%JP¥4,850.00JP¥3,000.00JP¥3,133.004
Sep ’24JP¥3,441.00
JP¥3,917.00
+13.8%
16.0%JP¥4,850.00JP¥3,150.00JP¥3,025.005
Aug ’24JP¥3,562.00
JP¥3,867.00
+8.6%
14.4%JP¥4,600.00JP¥3,150.00JP¥3,577.005
Jul ’24JP¥3,842.50
JP¥3,705.83
-3.6%
16.8%JP¥4,600.00JP¥2,900.00JP¥3,743.006
Jun ’24JP¥3,405.00
JP¥3,198.57
-6.1%
20.8%JP¥4,600.00JP¥2,605.00JP¥3,360.507
May ’24JP¥3,055.00
JP¥3,141.43
+2.8%
19.4%JP¥4,450.00JP¥2,605.00JP¥3,520.507
Apr ’24JP¥2,955.00
JP¥3,091.43
+4.6%
20.1%JP¥4,450.00JP¥2,605.00JP¥3,559.007
Mar ’24JP¥2,790.00
JP¥2,975.00
+6.6%
23.0%JP¥4,750.00JP¥2,545.00JP¥3,566.008
Feb ’24JP¥2,555.00
JP¥2,950.00
+15.5%
23.3%JP¥4,750.00JP¥2,545.00JP¥3,450.508
Jan ’24JP¥2,350.00
JP¥2,997.50
+27.6%
22.5%JP¥4,750.00JP¥2,550.00JP¥3,037.508
Dec ’23JP¥2,620.00
JP¥3,033.75
+15.8%
21.6%JP¥4,750.00JP¥2,605.00JP¥3,090.008
Nov ’23JP¥2,482.50
JP¥3,193.57
+28.6%
18.3%JP¥4,300.00JP¥2,725.00JP¥2,961.507

Analyst Forecast: Target price is less than 20% higher than the current share price.

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