Upcoming Dividend • Jun 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 September 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.6%). Price Target Changed • Jun 06
Price target increased by 8.6% to JP¥3,120 Up from JP¥2,872, the current price target is an average from 5 analysts. New target price is 7.6% below last closing price of JP¥3,375. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥110 for next year compared to JP¥33.68 last year. Announcement • May 30
DMG Mori Co., Ltd. to Report Q2, 2026 Results on Aug 04, 2026 DMG Mori Co., Ltd. announced that they will report Q2, 2026 results on Aug 04, 2026 Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,155, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,283 per share. Buy Or Sell Opportunity • May 18
Now 21% undervalued Over the last 90 days, the stock has risen 15% to JP¥3,400. The fair value is estimated to be JP¥4,300, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 301% in the next 2 years. Reported Earnings • May 05
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥10.68 (up from JP¥1.19 in 1Q 2025). Revenue: JP¥135.5b (up 17% from 1Q 2025). Net income: JP¥1.49b (up JP¥1.32b from 1Q 2025). Profit margin: 1.1% (up from 0.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Apr 22
DMG Mori Co., Ltd. to Report Q1, 2026 Results on May 01, 2026 DMG Mori Co., Ltd. announced that they will report Q1, 2026 results on May 01, 2026 Declared Dividend • Apr 11
Final dividend of JP¥50.00 announced Dividend of JP¥50.00 is the same as last year. Ex-date: 29th June 2026 Payment date: 14th September 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (312% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 246% to bring the payout ratio under control. EPS is expected to grow by 166% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Apr 04
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥48.16 (down from JP¥153 in FY 2024). Revenue: JP¥515.0b (down 6.5% from FY 2024). Net income: JP¥6.81b (down 68% from FY 2024). Profit margin: 1.3% (down from 3.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 312% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,549, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,088 per share. Reported Earnings • Feb 11
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥48.16 (down from JP¥153 in FY 2024). Revenue: JP¥515.0b (down 6.5% from FY 2024). Net income: JP¥6.81b (down 68% from FY 2024). Profit margin: 1.3% (down from 3.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Feb 10
DMG Mori Co., Ltd., Annual General Meeting, Mar 27, 2026 DMG Mori Co., Ltd., Annual General Meeting, Mar 27, 2026. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,113, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,091 per share. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Announcement • Dec 03
DMG Mori Co., Ltd. to Report Fiscal Year 2025 Results on Feb 10, 2026 DMG Mori Co., Ltd. announced that they will report fiscal year 2025 results on Feb 10, 2026 Price Target Changed • Dec 02
Price target decreased by 11% to JP¥2,748 Down from JP¥3,082, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,658. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of JP¥163 for next year compared to JP¥153 last year. Major Estimate Revision • Nov 06
Consensus EPS estimates increase by 20%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥509.1b to JP¥499.2b. EPS estimate rose from JP¥127 to JP¥152. Net income forecast to grow 142% next year vs 9.3% growth forecast for Machinery industry in Japan. Consensus price target down from JP¥3,222 to JP¥3,082. Share price fell 13% to JP¥2,640 over the past week. Buy Or Sell Opportunity • Oct 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to JP¥2,400. The fair value is estimated to be JP¥3,025, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 207% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥2,408, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Machinery industry in Japan. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,318 per share. Announcement • Oct 30
DMG Mori Co., Ltd. (TSE:6141) announces an Equity Buyback for 2,500,000 shares, representing 1.76% for ¥7,500 million. DMG Mori Co., Ltd. (TSE:6141) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 1.76% of its share capital, for ¥7,500 million. The purpose of the program is to enhance shareholder returns and to execute a flexible capital policy in response to changes in the business environment The program is valid till February 28, 2026. Declared Dividend • Sep 13
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 3.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (145% earnings payout ratio) nor is it covered by cash flows (292% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control. EPS is expected to grow by 117% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥148 to JP¥133 per share. Revenue forecast steady at JP¥509.1b. Net income forecast to grow 140% next year vs 9.2% growth forecast for Machinery industry in Japan. Consensus price target broadly unchanged at JP¥3,222. Share price fell 2.7% to JP¥3,016 over the past week. Major Estimate Revision • Aug 15
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥148 to JP¥167. Revenue forecast steady at JP¥510.5b. Net income forecast to grow 201% next year vs 8.8% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥3,136 to JP¥3,242. Share price rose 5.4% to JP¥3,505 over the past week. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: JP¥13.35 (vs JP¥54.89 in 2Q 2024) Second quarter 2025 results: EPS: JP¥13.35 (down from JP¥54.89 in 2Q 2024). Revenue: JP¥111.4b (down 15% from 2Q 2024). Net income: JP¥1.89b (down 75% from 2Q 2024). Profit margin: 1.7% (down from 5.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 16 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.2%). Major Estimate Revision • Jun 14
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥172 to JP¥146 per share. Revenue forecast steady at JP¥513.4b. Net income forecast to grow 75% next year vs 5.5% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥3,066 to JP¥3,136. Share price was steady at JP¥3,036 over the past week. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,903, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,959 per share. Reported Earnings • May 08
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: JP¥1.19 (down from JP¥45.71 in 1Q 2024). Revenue: JP¥114.0b (down 14% from 1Q 2024). Net income: JP¥168.0m (down 97% from 1Q 2024). Profit margin: 0.1% (down from 4.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 97%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 11
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 27th June 2025 Payment date: 16th September 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (dividend approximately 18x free cash flows). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 18x cash flows per share). Profit margins are more than 30% lower than last year (3.8% net profit margin). Major Estimate Revision • Apr 05
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥526.5b to JP¥518.6b. EPS estimate also fell from JP¥223 per share to JP¥176 per share. Net income forecast to grow 22% next year vs 8.2% growth forecast for Machinery industry in Japan. Consensus price target broadly unchanged at JP¥3,086. Share price fell 17% to JP¥2,500 over the past week. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,491, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 81% over the past three years. Reported Earnings • Mar 31
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥153 (down from JP¥266 in FY 2023). Revenue: JP¥550.5b (flat on FY 2023). Net income: JP¥21.1b (down 37% from FY 2023). Profit margin: 3.8% (down from 6.1% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 18x cash flows per share). Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Announcement • Mar 06
DMG Mori Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 DMG Mori Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥3,346, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,890 per share. New Risk • Feb 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 18x cash flows per share). Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Feb 06
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥166 (down from JP¥257 in FY 2023). Revenue: JP¥540.9b (flat on FY 2023). Net income: JP¥22.8b (down 29% from FY 2023). Profit margin: 4.2% (down from 6.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
DMG Mori Co., Ltd., Annual General Meeting, Mar 27, 2025 DMG Mori Co., Ltd., Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Major Estimate Revision • Dec 11
Consensus EPS estimates fall by 69% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥251 to JP¥76.61 per share. Revenue forecast steady at JP¥561.4b. Net income forecast to grow 37% next year vs 15% growth forecast for Machinery industry in Japan. Consensus price target down from JP¥4,400 to JP¥3,734. Share price fell 2.3% to JP¥2,516 over the past week. Announcement • Dec 03
DMG Mori Co., Ltd. to Report Fiscal Year 2024 Results on Feb 05, 2025 DMG Mori Co., Ltd. announced that they will report fiscal year 2024 results on Feb 05, 2025 Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: JP¥16.72 (vs JP¥61.08 in 3Q 2023) Third quarter 2024 results: EPS: JP¥16.72 (down from JP¥61.08 in 3Q 2023). Revenue: JP¥124.2b (down 4.9% from 3Q 2023). Net income: JP¥2.37b (down 69% from 3Q 2023). Profit margin: 1.9% (down from 5.9% in 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Nov 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥2,941. The fair value is estimated to be JP¥3,683, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to JP¥3,016. The fair value is estimated to be JP¥3,783, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Price Target Changed • Sep 20
Price target decreased by 11% to JP¥4,400 Down from JP¥4,925, the current price target is an average from 4 analysts. New target price is 40% above last closing price of JP¥3,135. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥249 for next year compared to JP¥257 last year. Buy Or Sell Opportunity • Sep 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to JP¥3,262. The fair value is estimated to be JP¥4,097, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Aug 28
DMG Mori Co., Ltd. to Report Q3, 2024 Results on Nov 01, 2024 DMG Mori Co., Ltd. announced that they will report Q3, 2024 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,255, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Machinery industry in Japan. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,067 per share. Buy Or Sell Opportunity • Aug 05
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 42% to JP¥2,755. The fair value is estimated to be JP¥4,071, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: JP¥57.01 (vs JP¥65.15 in 2Q 2023) Second quarter 2024 results: EPS: JP¥57.01 (down from JP¥65.15 in 2Q 2023). Revenue: JP¥135.2b (up 7.1% from 2Q 2023). Net income: JP¥8.03b (down 1.7% from 2Q 2023). Profit margin: 5.9% (down from 6.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to JP¥4,379. The fair value is estimated to be JP¥3,594, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Jul 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.4% to JP¥4,318. The fair value is estimated to be JP¥3,582, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Jun 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.4% to JP¥4,306. The fair value is estimated to be JP¥3,560, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 35% and the cash payout ratio is 93%. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.1%). Price Target Changed • Jun 13
Price target increased by 16% to JP¥4,450 Up from JP¥3,825, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥4,338. Stock is up 69% over the past year. The company is forecast to post earnings per share of JP¥265 for next year compared to JP¥257 last year. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (117% cash payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: JP¥49.05 (vs JP¥46.70 in 1Q 2023) First quarter 2024 results: EPS: JP¥49.05 (up from JP¥46.70 in 1Q 2023). Revenue: JP¥137.0b (up 11% from 1Q 2023). Net income: JP¥6.17b (up 5.2% from 1Q 2023). Profit margin: 4.5% (down from 4.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
DMG Mori Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024 DMG Mori Co., Ltd. provided consolidated earnings guidance for the fiscal year ending December 31, 2024. For the year, the company expects sales revenues of JPY 550,000 million, operating profit of JPY 58,500 million, profit attributable to owners of the parent of JPY 36,000 million and basic earnings per share of JPY 242.61. Buy Or Sell Opportunity • Apr 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to JP¥4,167. The fair value is estimated to be JP¥3,462, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. New Risk • Apr 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding). Declared Dividend • Apr 11
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 27th June 2024 Payment date: 9th September 2024 Dividend yield will be 2.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (137% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 23
DMG Mori Co., Ltd. to Report Q1, 2024 Results on May 07, 2024 DMG Mori Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥4,115, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Machinery industry in Japan. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,857 per share. Announcement • Mar 06
Dmg Mori Co., Ltd. Proposes Dividend for the Year Ending December 31, 2023 DMG Mori Co., Ltd. proposed dividend of JPY 50.00 for the year ending December 31, 2023 to the 76th Annual General Meeting of Shareholders that will be held on March 28, 2024. Record date December 31, 2023, Total amount of dividends ¥6,278 million, Effective date March 29, 2024, Source of dividends is Retained earnings. 
