| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
6324 Stock Overview
Harmonic Drive Systems Inc. produces and sells precision control equipment and components worldwide.
Harmonic Drive Systems Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | JP¥5,500.00 |
| 52 Week High | JP¥6,740.00 |
| 52 Week Low | JP¥3,015.00 |
| Beta | 0 |
| 1 Month Change | 18.66% |
| 3 Month Change | 54.93% |
| 1 Year Change | -9.84% |
| 3 Year Change | 30.02% |
| 5 Year Change | 18.66% |
| Change since IPO | 3,200.00% |
Recent News & Updates
Shareholder Returns
| 6324 | JP Machinery | JP Market | |
|---|---|---|---|
| 7D | 11.8% | 2.8% | 1.2% |
| 1Y | -9.8% | -5.9% | -0.2% |
Return vs Industry: 6324 underperformed the JP Machinery industry which returned -5.9% over the past year.
Return vs Market: 6324 underperformed the JP Market which returned -0.2% over the past year.
Price Volatility
| 6324 volatility | |
|---|---|
| 6324 Average Weekly Movement | 7.6% |
| Machinery Industry Average Movement | 3.9% |
| Market Average Movement | 3.8% |
| 10% most volatile stocks in JP Market | 7.8% |
| 10% least volatile stocks in JP Market | 2.0% |
Stable Share Price: 6324 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 6324's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of JP stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1970 | 1,145 | Akira Nagai | https://www.hds.co.jp |
Harmonic Drive Systems Inc. produces and sells precision control equipment and components worldwide. It offers speed reducers, rotary actuators, linear actuators, AC servo motors, and other mechatronics products, as well as HarmonicDrive, a speed reducer for space. The company also provides high-precision planetary-gear speed reducers under the AccuDrive and Harmonic Planetary brands; galvano mirror type optical scanners under the BEAM SERVO brand; and incremental encoders under the Harmonicsyn name.
Harmonic Drive Systems Fundamentals Summary
| 6324 fundamental statistics | |
|---|---|
| Market Cap | JP¥526.21b |
| Earnings (TTM) | JP¥6.73b |
| Revenue (TTM) | JP¥60.88b |
78.2x
P/E Ratio8.6x
P/S RatioIs 6324 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 6324 income statement (TTM) | |
|---|---|
| Revenue | JP¥60.88b |
| Cost of Revenue | JP¥37.60b |
| Gross Profit | JP¥23.28b |
| Other Expenses | JP¥16.55b |
| Earnings | JP¥6.73b |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 08, 2022
| Earnings per share (EPS) | 70.30 |
| Gross Margin | 38.24% |
| Net Profit Margin | 11.05% |
| Debt/Equity Ratio | 19.6% |
How did 6324 perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield30%
Payout RatioDoes 6324 pay a reliable dividends?
See 6324 dividend history and benchmarks| Harmonic Drive Systems dividend dates | |
|---|---|
| Ex Dividend Date | Sep 29 2022 |
| Dividend Pay Date | Dec 06 2022 |
| Days until Ex dividend | 44 days |
| Days until Dividend pay date | 112 days |
Does 6324 pay a reliable dividends?
See 6324 dividend history and benchmarksValuation
Is 6324 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
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 6324?
Other financial metrics that can be useful for relative valuation.
| What is 6324's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | JP¥526.21b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 8.7x |
| Enterprise Value/EBITDA | 30.2x |
| PEG Ratio | 4.3x |
Price to Earnings Ratio vs Peers
How does 6324's PE Ratio compare to its peers?
| 6324 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 19.5x | ||
6361 Ebara | 11.5x | 6.7% | JP¥516.3b |
6370 Kurita Water Industries | 32.6x | 7.7% | JP¥639.4b |
7012 Kawasaki Heavy Industries | 25.2x | 12.1% | JP¥437.6b |
5333 NGK Insulators | 8.6x | 3.6% | JP¥623.9b |
6324 Harmonic Drive Systems | 78.2x | 18.0% | JP¥526.2b |
Price-To-Earnings vs Peers: 6324 is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the peer average (19.5x).
Price to Earnings Ratio vs Industry
How does 6324's PE Ratio compare vs other companies in the JP Machinery Industry?
Price-To-Earnings vs Industry: 6324 is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the JP Machinery industry average (10.5x)
Price to Earnings Ratio vs Fair Ratio
What is 6324'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 78.2x |
| Fair PE Ratio | 20.5x |
Price-To-Earnings vs Fair Ratio: 6324 is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).
Share Price vs Fair Value
What is the Fair Price of 6324 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6324 (¥5500) is trading above our estimate of fair value (¥2259.98)
Significantly Below Fair Value: 6324 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 lower than the current share price.
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Future Growth
How is Harmonic Drive Systems forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
18.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6324's forecast earnings growth (18% per year) is above the savings rate (0.04%).
Earnings vs Market: 6324's earnings (18% per year) are forecast to grow faster than the JP market (8.5% per year).
High Growth Earnings: 6324's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6324's revenue (7% per year) is forecast to grow faster than the JP market (4.3% per year).
High Growth Revenue: 6324's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6324's Return on Equity is forecast to be low in 3 years time (12.4%).
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Past Performance
How has Harmonic Drive Systems performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-44.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6324 has high quality earnings.
Growing Profit Margin: 6324's current net profit margins (11%) are higher than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: 6324's earnings have declined by 44% per year over the past 5 years.
Accelerating Growth: 6324's earnings growth over the past year (303.5%) exceeds its 5-year average (-44% per year).
Earnings vs Industry: 6324 earnings growth over the past year (303.5%) exceeded the Machinery industry 25.9%.
Return on Equity
High ROE: 6324's Return on Equity (6.9%) is considered low.
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Financial Health
How is Harmonic Drive Systems's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 6324's short term assets (¥48.4B) exceed its short term liabilities (¥18.7B).
Long Term Liabilities: 6324's short term assets (¥48.4B) exceed its long term liabilities (¥30.7B).
Debt to Equity History and Analysis
Debt Level: 6324's net debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: 6324's debt to equity ratio has reduced from 25.2% to 19.6% over the past 5 years.
Debt Coverage: 6324's debt is well covered by operating cash flow (50.9%).
Interest Coverage: 6324 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Harmonic Drive Systems's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
0.53%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 6324's dividend (0.53%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.63%).
High Dividend: 6324's dividend (0.53%) is low compared to the top 25% of dividend payers in the JP market (3.59%).
Stability and Growth of Payments
Stable Dividend: 6324 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.
Growing Dividend: 6324 is not paying a notable dividend for the JP market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: 6324 is not paying a notable dividend for the JP market.
Cash Payout to Shareholders
Cash Flow Coverage: 6324 is not paying a notable dividend for the JP market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Akira Nagai (74 yo)
9.17yrs
Tenure
JP¥148,540,000
Compensation
Mr. Akira Nagai serves as Chief Executive Officer and Chief Financial Officer of HD Systems, Inc. He serves as Chief Executive officer for Harmonic Drive Systems Inc. Mr. Nagai has been President of Harmon...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Akira's total compensation is reasonable compared to companies of similar size in the JP market.
Compensation vs Earnings: Akira's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 6324's management team is seasoned and experienced (6.2 years average tenure).
Board Members
Experienced Board: 6324's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
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
Harmonic Drive Systems Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Harmonic Drive Systems Inc.
- Ticker: 6324
- Exchange: TSE
- Founded: 1970
- Industry: Industrial Machinery
- Sector: Capital Goods
- Implied Market Cap: JP¥526.209b
- Shares outstanding: 95.67m
- Website: https://www.hds.co.jp
Number of Employees
Location
- Harmonic Drive Systems Inc.
- Ichigo Omori Building
- 4th Floor
- Tokyo
- 140-0013
- Japan
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/15 00:00 |
| End of Day Share Price | 2022/08/15 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2022/03/31 |
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.