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6104

Shibaura MachineLtd TSE:6104 Stock Report

Last Price

JP¥3.13k

Market Cap

JP¥73.2b

7D

0.6%

1Y

15.2%

Updated

12 Aug, 2022

Data

Company Financials +
6104 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends4/6

6104 Stock Overview

Shibaura Machine Co., Ltd. engages in the manufacture and sale of various machines in Japan and internationally.

Shibaura MachineLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shibaura MachineLtd
Historical stock prices
Current Share PriceJP¥3,130.00
52 Week HighJP¥3,955.00
52 Week LowJP¥2,460.00
Beta1.31
1 Month Change20.71%
3 Month Change9.79%
1 Year Change15.20%
3 Year Change55.57%
5 Year Change26.21%
Change since IPO-25.92%

Recent News & Updates

Shareholder Returns

6104JP MachineryJP Market
7D0.6%0.7%0.06%
1Y15.2%-9.5%-2.0%

Return vs Industry: 6104 exceeded the JP Machinery industry which returned -9.5% over the past year.

Return vs Market: 6104 exceeded the JP Market which returned -2% over the past year.

Price Volatility

Is 6104's price volatile compared to industry and market?
6104 volatility
6104 Average Weekly Movement6.2%
Machinery Industry Average Movement4.0%
Market Average Movement3.9%
10% most volatile stocks in JP Market8.0%
10% least volatile stocks in JP Market2.1%

Stable Share Price: 6104 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6104's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
18753,049Shigetomo Sakamotohttps://www.shibaura-machine.co.jp

Shibaura Machine Co., Ltd. engages in the manufacture and sale of various machines in Japan and internationally. Its principal products include injection molding machines, die-casting machines, plastic extrusion machines, nano processing systems, machine tools, FA controllers, servo motors, industrial robots, IOT+m, and additive manufacturing systems. The company also provides machine tools that include double column type machining centers, bridge type machines, boring machines, horizontal machining centers, vertical boring and turning mills, and roll grinding machines.

Shibaura MachineLtd Fundamentals Summary

How do Shibaura MachineLtd's earnings and revenue compare to its market cap?
6104 fundamental statistics
Market CapJP¥73.19b
Earnings (TTM)JP¥3.85b
Revenue (TTM)JP¥108.66b

19.7x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6104 income statement (TTM)
RevenueJP¥108.66b
Cost of RevenueJP¥74.71b
Gross ProfitJP¥33.95b
Other ExpensesJP¥30.10b
EarningsJP¥3.85b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)159.27
Gross Margin31.24%
Net Profit Margin3.54%
Debt/Equity Ratio17.1%

How did 6104 perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

47%

Payout Ratio

Does 6104 pay a reliable dividends?

See 6104 dividend history and benchmarks
When do you need to buy 6104 by to receive an upcoming dividend?
Shibaura MachineLtd dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateDec 02 2022
Days until Ex dividend48 days
Days until Dividend pay date112 days

Does 6104 pay a reliable dividends?

See 6104 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 6104 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6104?

Other financial metrics that can be useful for relative valuation.

6104 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA5.5x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 6104's PE Ratio compare to its peers?

6104 PE Ratio vs Peers
The above table shows the PE ratio for 6104 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8x
6340 Shibuya
7.5xn/aJP¥69.4b
5186 Nitta
7.8x7.4%JP¥81.1b
6474 Nachi-Fujikoshi
8x7.1%JP¥89.7b
6420 Fukushima GalileiLtd
9.2x2.8%JP¥73.3b
6104 Shibaura MachineLtd
19.7x40.2%JP¥73.2b

Price-To-Earnings vs Peers: 6104 is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (8x).


Price to Earnings Ratio vs Industry

How does 6104's PE Ratio compare vs other companies in the JP Machinery Industry?

Price-To-Earnings vs Industry: 6104 is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the JP Machinery industry average (10.6x)


Price to Earnings Ratio vs Fair Ratio

What is 6104'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.

6104 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.7x
Fair PE Ratio24.6x

Price-To-Earnings vs Fair Ratio: 6104 is good value based on its Price-To-Earnings Ratio (19.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).


Share Price vs Fair Value

What is the Fair Price of 6104 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6104 (¥3130) is trading above our estimate of fair value (¥1752.3)

Significantly Below Fair Value: 6104 is trading above our estimate of fair value.


Analyst Price Targets

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

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


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Future Growth

How is Shibaura MachineLtd forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


40.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6104's forecast earnings growth (40.2% per year) is above the savings rate (0.04%).

Earnings vs Market: 6104's earnings (40.2% per year) are forecast to grow faster than the JP market (8.3% per year).

High Growth Earnings: 6104's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6104's revenue (17.2% per year) is forecast to grow faster than the JP market (4.3% per year).

High Growth Revenue: 6104's revenue (17.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 6104's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Shibaura MachineLtd performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6104 has high quality earnings.

Growing Profit Margin: 6104 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 6104's earnings have declined by 14.6% per year over the past 5 years.

Accelerating Growth: 6104 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 6104 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (26.8%).


Return on Equity

High ROE: 6104's Return on Equity (4.6%) is considered low.


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Financial Health

How is Shibaura MachineLtd's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6104's short term assets (¥141.9B) exceed its short term liabilities (¥80.3B).

Long Term Liabilities: 6104's short term assets (¥141.9B) exceed its long term liabilities (¥9.8B).


Debt to Equity History and Analysis

Debt Level: 6104 has more cash than its total debt.

Reducing Debt: 6104's debt to equity ratio has reduced from 19% to 17.1% over the past 5 years.

Debt Coverage: 6104's debt is well covered by operating cash flow (78.6%).

Interest Coverage: 6104 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Shibaura MachineLtd current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.40%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 12 2022Ex Dividend DateSep 29 2022Dividend Pay DateDec 02 202264 days from Ex DividendBuy in the next 48 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 6104's dividend (2.4%) is higher than the bottom 25% of dividend payers in the JP market (1.64%).

High Dividend: 6104's dividend (2.4%) is low compared to the top 25% of dividend payers in the JP market (3.63%).


Stability and Growth of Payments

Stable Dividend: 6104's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6104's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.1%), 6104's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (18.7%), 6104's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.0yrs

Average management tenure


CEO

Shigetomo Sakamoto (64 yo)

2.5yrs

Tenure

Mr. Shigetomo Sakamoto is President and Chief Operating Officer at Toshiba Machine Co., Ltd since February 2020. He served as Executive Vice President and Representative Director of Toshiba Machine Co., Lt...


Leadership Team

Experienced Management: 6104's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: 6104's board of directors are considered experienced (4.6 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

Shibaura Machine Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shibaura Machine Co.,Ltd.
  • Ticker: 6104
  • Exchange: TSE
  • Founded: 1875
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: JP¥73.188b
  • Shares outstanding: 24.15m
  • Website: https://www.shibaura-machine.co.jp

Number of Employees


Location

  • Shibaura Machine Co.,Ltd.
  • 2-2, Uchisaiwaicho 2-Chome
  • Chiyoda-ku
  • Tokyo
  • 100-8503
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.