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6367

Daikin IndustriesLtd TSE:6367 Stock Report

Last Price

JP¥22.08k

Market Cap

JP¥6.5t

7D

8.5%

1Y

6.7%

Updated

28 Jun, 2022

Data

Company Financials +
6367 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

6367 Stock Overview

Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products.

Daikin IndustriesLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Daikin IndustriesLtd
Historical stock prices
Current Share PriceJP¥22,075.00
52 Week HighJP¥29,595.00
52 Week LowJP¥18,850.00
Beta1.17
1 Month Change6.95%
3 Month Change-1.50%
1 Year Change6.69%
3 Year Change49.31%
5 Year Change87.87%
Change since IPO1,465.60%

Recent News & Updates

Shareholder Returns

6367JP BuildingJP Market
7D8.5%4.2%1.8%
1Y6.7%-1.6%-4.7%

Return vs Industry: 6367 exceeded the JP Building industry which returned -1.6% over the past year.

Return vs Market: 6367 exceeded the JP Market which returned -4.7% over the past year.

Price Volatility

Is 6367's price volatile compared to industry and market?
6367 volatility
6367 Average Weekly Movement5.0%
Building Industry Average Movement3.5%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.5%
10% least volatile stocks in JP Market2.3%

Stable Share Price: 6367 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6367's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192484,870Masanori Togawahttps://www.daikin.com

Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. The company’s air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; absorption refrigerators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases. The company’s chemical products comprise fluorocarbons, fluoroplastics, fluoroelastomers, fluoropaints, fluoro coating agents, semiconductor-etching products, water and oil repellent agents, pharmaceuticals and intermediates, and dry air suppliers.

Daikin IndustriesLtd Fundamentals Summary

How do Daikin IndustriesLtd's earnings and revenue compare to its market cap?
6367 fundamental statistics
Market CapJP¥6.46t
Earnings (TTM)JP¥217.71b
Revenue (TTM)JP¥3.11t

29.7x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6367 income statement (TTM)
RevenueJP¥3.11t
Cost of RevenueJP¥2.05t
Gross ProfitJP¥1.06t
Other ExpensesJP¥839.63b
EarningsJP¥217.71b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 02, 2022

Earnings per share (EPS)743.84
Gross Margin34.01%
Net Profit Margin7.00%
Debt/Equity Ratio36.0%

How did 6367 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6367 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 6367?

Other financial metrics that can be useful for relative valuation.

6367 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/Revenue2.1x
Enterprise Value/EBITDA14x
PEG Ratio3.2x

Price to Earnings Ratio vs Peers

How does 6367's PE Ratio compare to its peers?

6367 PE Ratio vs Peers
The above table shows the PE ratio for 6367 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14x
5201 AGC
8.9x5.4%JP¥1.1t
5332 Toto
19.3x5.9%JP¥776.5b
5938 LIXIL
14.9x7.4%JP¥750.9b
5929 Sanwa Holdings
12.8x6.0%JP¥291.6b
6367 Daikin IndustriesLtd
29.7x9.3%JP¥6.5t

Price-To-Earnings vs Peers: 6367 is expensive based on its Price-To-Earnings Ratio (29.7x) compared to the peer average (14x).


Price to Earnings Ratio vs Industry

How does 6367's PE Ratio compare vs other companies in the JP Building Industry?

Price-To-Earnings vs Industry: 6367 is expensive based on its Price-To-Earnings Ratio (29.7x) compared to the JP Building industry average (10.3x)


Price to Earnings Ratio vs Fair Ratio

What is 6367'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.

6367 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.7x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: 6367 is expensive based on its Price-To-Earnings Ratio (29.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).


Share Price vs Fair Value

What is the Fair Price of 6367 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6367 (¥22075) is trading below our estimate of fair value (¥22179)

Significantly Below Fair Value: 6367 is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: 6367 is poor value based on its PEG Ratio (3.2x)


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Future Growth

How is Daikin IndustriesLtd forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6367's forecast earnings growth (9.3% per year) is above the savings rate (0.02%).

Earnings vs Market: 6367's earnings (9.3% per year) are forecast to grow faster than the JP market (8.9% per year).

High Growth Earnings: 6367's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6367's revenue (5.4% per year) is forecast to grow faster than the JP market (4.5% per year).

High Growth Revenue: 6367's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6367's Return on Equity is forecast to be low in 3 years time (12.1%).


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Past Performance

How has Daikin IndustriesLtd performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6367 has high quality earnings.

Growing Profit Margin: 6367's current net profit margins (7%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: 6367's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: 6367's earnings growth over the past year (39.3%) exceeds its 5-year average (2.3% per year).

Earnings vs Industry: 6367 earnings growth over the past year (39.3%) exceeded the Building industry 1.5%.


Return on Equity

High ROE: 6367's Return on Equity (11.2%) is considered low.


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Financial Health

How is Daikin IndustriesLtd'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: 6367's short term assets (¥2,165.6B) exceed its short term liabilities (¥1,306.2B).

Long Term Liabilities: 6367's short term assets (¥2,165.6B) exceed its long term liabilities (¥509.7B).


Debt to Equity History and Analysis

Debt Level: 6367 has more cash than its total debt.

Reducing Debt: 6367's debt to equity ratio has reduced from 52.7% to 36% over the past 5 years.

Debt Coverage: 6367's debt is well covered by operating cash flow (33.9%).

Interest Coverage: 6367 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Daikin IndustriesLtd current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.91%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6367's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.67%).

High Dividend: 6367's dividend (0.91%) is low compared to the top 25% of dividend payers in the JP market (3.71%).


Stability and Growth of Payments

Stable Dividend: 6367 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.

Growing Dividend: 6367 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: 6367 is not paying a notable dividend for the JP market.


Cash Payout to Shareholders

Cash Flow Coverage: 6367 is not paying a notable dividend for the JP market.


Discover strong dividend paying companies

Management

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

11.0yrs

Average management tenure


CEO

Masanori Togawa (73 yo)

11yrs

Tenure

JP¥280,000,000

Compensation

Mr. Masanori Togawa serves as the Chief Executive Officer and President of Daikin Industries Ltd since June 2011 and June 2014 respectively. Mr. Togawa served as a Chief Operating Officer, General Manager...


CEO Compensation Analysis

Compensation vs Market: Masanori's total compensation ($USD2.07M) is above average for companies of similar size in the JP market ($USD1.55M).

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


Leadership Team

Experienced Management: 6367's management team is seasoned and experienced (11 years average tenure).


Board Members

Experienced Board: 6367's board of directors are considered experienced (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

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


Key Information

  • Name: Daikin Industries,Ltd.
  • Ticker: 6367
  • Exchange: TSE
  • Founded: 1924
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: JP¥6.461t
  • Shares outstanding: 292.68m
  • Website: https://www.daikin.com

Number of Employees


Location

  • Daikin Industries,Ltd.
  • Umeda Center Building
  • 2-4-12, Nakazaki-Nishi
  • Osaka
  • 530-8323
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 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.