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6301

Komatsu TSE:6301 Stock Report

Last Price

JP¥3.01k

Market Cap

JP¥2.9t

7D

1.2%

1Y

7.1%

Updated

30 Jun, 2022

Data

Company Financials +
6301 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends4/6

6301 Stock Overview

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment; and forest and industrial machinery worldwide.

Komatsu Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Komatsu
Historical stock prices
Current Share PriceJP¥3,008.00
52 Week HighJP¥3,570.00
52 Week LowJP¥2,539.00
Beta1.38
1 Month Change-5.88%
3 Month Change2.61%
1 Year Change7.12%
3 Year Change15.89%
5 Year Change3.81%
Change since IPO280.76%

Recent News & Updates

Shareholder Returns

6301JP MachineryJP Market
7D1.2%3.4%2.3%
1Y7.1%-10.3%-3.9%

Return vs Industry: 6301 exceeded the JP Machinery industry which returned -10.3% over the past year.

Return vs Market: 6301 exceeded the JP Market which returned -3.9% over the past year.

Price Volatility

Is 6301's price volatile compared to industry and market?
6301 volatility
6301 Average Weekly Movement5.2%
Machinery Industry Average Movement4.1%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.4%
10% least volatile stocks in JP Market2.2%

Stable Share Price: 6301 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6301's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
188462,774Hiroyuki Ogawahttps://home.komatsu/en/

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment; and forest and industrial machinery worldwide. The company operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others. It offers construction and mining equipment, including electric rope shovels, continuous miners, hydraulic excavators, wheel loaders, bulldozers, motor graders, dump trucks, mini excavators, utility equipment, and other mining equipment.

Komatsu Fundamentals Summary

How do Komatsu's earnings and revenue compare to its market cap?
6301 fundamental statistics
Market CapJP¥2.90t
Earnings (TTM)JP¥224.68b
Revenue (TTM)JP¥2.80t

12.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6301 income statement (TTM)
RevenueJP¥2.80t
Cost of RevenueJP¥2.02t
Gross ProfitJP¥779.58b
Other ExpensesJP¥554.89b
EarningsJP¥224.68b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 29, 2022

Earnings per share (EPS)237.68
Gross Margin27.82%
Net Profit Margin8.02%
Debt/Equity Ratio40.2%

How did 6301 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

40%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6301 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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6301?

Other financial metrics that can be useful for relative valuation.

6301 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/Revenue1.3x
Enterprise Value/EBITDA8.2x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does 6301's PE Ratio compare to its peers?

6301 PE Ratio vs Peers
The above table shows the PE ratio for 6301 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10x
6201 Toyota Industries
14.5x9.0%JP¥2.6t
6305 Hitachi Construction Machinery
8.4x3.4%JP¥651.8b
6395 Tadano
8.6x10.6%JP¥115.4b
6432 Takeuchi Mfg
8.3x10.1%JP¥112.2b
6301 Komatsu
12.7x5.9%JP¥2.9t

Price-To-Earnings vs Peers: 6301 is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (10x).


Price to Earnings Ratio vs Industry

How does 6301's PE Ratio compare vs other companies in the JP Machinery Industry?

Price-To-Earnings vs Industry: 6301 is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the JP Machinery industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is 6301'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.

6301 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: 6301 is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).


Share Price vs Fair Value

What is the Fair Price of 6301 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6301 (¥3008) is trading above our estimate of fair value (¥1735.26)

Significantly Below Fair Value: 6301 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: 6301 is poor value based on its PEG Ratio (2.2x)


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Future Growth

How is Komatsu forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6301's forecast earnings growth (5.9% per year) is above the savings rate (0.04%).

Earnings vs Market: 6301's earnings (5.9% per year) are forecast to grow slower than the JP market (9% per year).

High Growth Earnings: 6301's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6301's revenue (3.9% per year) is forecast to grow slower than the JP market (4.4% per year).

High Growth Revenue: 6301's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6301's Return on Equity is forecast to be low in 3 years time (10.2%).


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Past Performance

How has Komatsu performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6301 has high quality earnings.

Growing Profit Margin: 6301's current net profit margins (8%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: 6301's earnings have declined by 3.5% per year over the past 5 years.

Accelerating Growth: 6301's earnings growth over the past year (111.7%) exceeds its 5-year average (-3.5% per year).

Earnings vs Industry: 6301 earnings growth over the past year (111.7%) exceeded the Machinery industry 31.9%.


Return on Equity

High ROE: 6301's Return on Equity (10.1%) is considered low.


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Financial Health

How is Komatsu'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: 6301's short term assets (¥2,421.3B) exceed its short term liabilities (¥1,324.0B).

Long Term Liabilities: 6301's short term assets (¥2,421.3B) exceed its long term liabilities (¥667.2B).


Debt to Equity History and Analysis

Debt Level: 6301's net debt to equity ratio (26.8%) is considered satisfactory.

Reducing Debt: 6301's debt to equity ratio has increased from 25.1% to 40.2% over the past 5 years.

Debt Coverage: 6301's debt is well covered by operating cash flow (31.8%).

Interest Coverage: 6301's interest payments on its debt are well covered by EBIT (46x coverage).


Balance Sheet


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Dividend

What is Komatsu 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

  • Future Dividend Coverage


3.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6301's dividend (3.19%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).

High Dividend: 6301's dividend (3.19%) is low compared to the top 25% of dividend payers in the JP market (3.67%).


Stability and Growth of Payments

Stable Dividend: 6301's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6301's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.3%), 6301's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (65.8%), 6301's dividend payments are covered by cash flows.


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Management

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

5.3yrs

Average management tenure


CEO

Hiroyuki Ogawa (60 yo)

3.17yrs

Tenure

JP¥166,000,000

Compensation

Mr. Hiroyuki Ogawa serves as the President and CEO since April 1, 2019 and also served as a Senior Executive Officer and Responsible for the Mid-range Management Plan at Komatsu Ltd since 2018 until April...


CEO Compensation Analysis

Compensation vs Market: Hiroyuki's total compensation ($USD1.21M) is about average for companies of similar size in the JP market ($USD1.53M).

Compensation vs Earnings: Hiroyuki's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 6301's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: 6301's board of directors are considered experienced (3 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

Komatsu Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Komatsu Ltd.
  • Ticker: 6301
  • Exchange: TSE
  • Founded: 1884
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: JP¥2.903t
  • Shares outstanding: 945.31m
  • Website: https://home.komatsu/en/

Number of Employees


Location

  • Komatsu Ltd.
  • 2-3-6 Akasaka
  • Minato-ku
  • Tokyo
  • 107-8414
  • Japan

Listings


Company Analysis and Financial Data Status

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