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6229

Okumura Engineering TSE:6229 Stock Report

Last Price

JP¥1.10k

Market Cap

JP¥5.0b

7D

-0.9%

1Y

-5.1%

Updated

05 Oct, 2022

Data

Company Financials
6229 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

6229 Stock Overview

Okumura Engineering Corporation designs, manufactures, and sells construction and engineering machineries and components.

Okumura Engineering Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Okumura Engineering
Historical stock prices
Current Share PriceJP¥1,100.00
52 Week HighJP¥1,289.00
52 Week LowJP¥980.00
Beta0
1 Month Change-1.43%
3 Month Change9.45%
1 Year Change-5.09%
3 Year Changen/a
5 Year Changen/a
Change since IPO-20.58%

Recent News & Updates

Shareholder Returns

6229JP MachineryJP Market
7D-0.9%3.0%2.8%
1Y-5.1%-6.8%-2.6%

Return vs Industry: 6229 exceeded the JP Machinery industry which returned -6.8% over the past year.

Return vs Market: 6229 underperformed the JP Market which returned -2.6% over the past year.

Price Volatility

Is 6229's price volatile compared to industry and market?
6229 volatility
6229 Average Weekly Movement3.8%
Machinery Industry Average Movement3.5%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.9%

Stable Share Price: 6229 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6229's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1920326n/ahttps://okm-net.jp/index.php

Okumura Engineering Corporation designs, manufactures, and sells construction and engineering machineries and components. It offers gas piping equipment, pavement restoration work, asphalt mixture, stone crusher, sharp curve propulsion work, interlocking blocks, graters, vibration feeders, single jaw crushers, magnetic separators, dust collectors, and drainage pavement regeneration technology. The company was founded in 1920 and is headquartered in Gamou, Japan.

Okumura Engineering Fundamentals Summary

How do Okumura Engineering's earnings and revenue compare to its market cap?
6229 fundamental statistics
Market CapJP¥4.97b
Earnings (TTM)JP¥535.00m
Revenue (TTM)JP¥8.59b

9.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6229 income statement (TTM)
RevenueJP¥8.59b
Cost of RevenueJP¥5.45b
Gross ProfitJP¥3.15b
Other ExpensesJP¥2.61b
EarningsJP¥535.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 14, 2022

Earnings per share (EPS)118.37
Gross Margin36.62%
Net Profit Margin6.23%
Debt/Equity Ratio19.2%

How did 6229 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6229 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 6229?

Other financial metrics that can be useful for relative valuation.

6229 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/Revenue0.4x
Enterprise Value/EBITDA3.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 6229's PE Ratio compare to its peers?

6229 PE Ratio vs Peers
The above table shows the PE ratio for 6229 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.6x
5906 MK Seiko
11.2xn/aJP¥4.9b
6518 Sanso ElectricLtd
5.6xn/aJP¥4.8b
5990 Super Tool
10.9xn/aJP¥4.8b
6142 Fuji Seiko
6.7xn/aJP¥4.8b
6229 Okumura Engineering
9.3xn/aJP¥5.0b

Price-To-Earnings vs Peers: 6229 is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (8.6x).


Price to Earnings Ratio vs Industry

How does 6229's PE Ratio compare vs other companies in the JP Machinery Industry?

Price-To-Earnings vs Industry: 6229 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the JP Machinery industry average (10.5x)


Price to Earnings Ratio vs Fair Ratio

What is 6229'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.

6229 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6229's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 6229 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6229 (¥1100) is trading below our estimate of fair value (¥4323.25)

Significantly Below Fair Value: 6229 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Okumura Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.2%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Okumura Engineering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Okumura Engineering is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Okumura Engineering performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6229 has high quality earnings.

Growing Profit Margin: 6229's current net profit margins (6.2%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: 6229's earnings have declined by 3.6% per year over the past 5 years.

Accelerating Growth: 6229's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6229 had negative earnings growth (-39.7%) over the past year, making it difficult to compare to the Machinery industry average (24.4%).


Return on Equity

High ROE: 6229's Return on Equity (6.3%) is considered low.


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Financial Health

How is Okumura Engineering's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6229's short term assets (¥7.8B) exceed its short term liabilities (¥2.1B).

Long Term Liabilities: 6229's short term assets (¥7.8B) exceed its long term liabilities (¥1.7B).


Debt to Equity History and Analysis

Debt Level: 6229 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 6229's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 6229's debt is well covered by operating cash flow (60.5%).

Interest Coverage: 6229 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Okumura Engineering current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.18%

Current Dividend Yield

Dividend Yield vs Market

Okumura Engineering Dividend Yield vs Market
How does Okumura Engineering dividend yield compare to the market?
SegmentDividend Yield
Company (Okumura Engineering)3.2%
Market Bottom 25% (JP)1.6%
Market Top 25% (JP)3.7%
Industry Average (Machinery)2.4%
Analyst forecast in 3 Years (Okumura Engineering)n/a

Notable Dividend: 6229's dividend (3.18%) is higher than the bottom 25% of dividend payers in the JP market (1.65%).

High Dividend: 6229's dividend (3.18%) is low compared to the top 25% of dividend payers in the JP market (3.7%).


Stability and Growth of Payments

Stable Dividend: 6229 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6229 has only been paying a dividend for 2 years, and since then payments have not increased.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29.6%), 6229's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (20.1%), 6229's dividend payments are well covered by cash flows.


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Management

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


CEO

Okumura Engineering has no CEO, or we have no data on them.


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

What is the ownership structure of 6229?
Owner TypeNumber of SharesOwnership Percentage
Institutions251,1005.6%
Private Companies458,50010.1%
Employee Share Scheme462,24010.2%
Individual Insiders979,65021.7%
General Public2,368,18452.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 18 shareholders own 48.55% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.23%
Okumura Engineering Corp. Employee Shareholding Association
462,240¥508.5m0%no data
10.14%
Clover Tsusho Ltd.
458,500¥504.4m0%no data
6.43%
Shinichi Okumura
290,430¥319.5m0%no data
4.11%
Yoshimasa Okumura
185,850¥204.4m0%no data
3.5%
Shiga Bank, Ltd., Asset Management Arm
158,000¥173.8m0%0.2%
2.64%
Yuki Okumura
119,240¥131.2m0%no data
2.48%
Shunji Okumura
112,230¥123.5m0%no data
2.22%
Keiichi Okumura
100,490¥110.5m0%no data
2.21%
Nissay Asset Management Corporation
100,000¥110.0m0%no data
1.79%
Minako Suda
80,810¥88.9m0%no data
0.78%
Noboru Taniguchi
35,360¥38.9m0%no data
0.66%
Yoneo Murai
29,800¥32.8m0%no data
0.61%
Nikko Asset Management Co., Ltd.
27,700¥30.5m0%no data
0.48%
Kiyoshi Kida
21,490¥23.6m0%no data
0.13%
Sumitomo Mitsui DS Asset Management Company, Limited
6,100¥6.7m0%no data
0.066%
Masaharu Fukuchi
3,000¥3.3m0%no data
0.049%
Nomura Asset Management Co., Ltd.
2,200¥2.4m0%no data
0.021%
Takeshi Nishimura
950¥1.0m0%no data

Company Information

Okumura Engineering corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Okumura Engineering corp.
  • Ticker: 6229
  • Exchange: TSE
  • Founded: 1920
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: JP¥4.972b
  • Shares outstanding: 4.52m
  • Website: https://okm-net.jp/index.php

Number of Employees


Location

  • Okumura Engineering corp.
  • 446-1 Otani
  • Hino-cho
  • Gamou
  • Shiga
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6229TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYDec 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 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.