6481

THKTSE:6481 Stock Report

Market Cap

JP¥340.0b

7D

-4.0%

1Y

0.3%

Updated

20 Sep, 2021

Data

Company Financials +
6481 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance1/6
Financial Health6/6
Dividends0/6

6481 Overview

THK Co., Ltd. manufactures and supplies machinery components worldwide.

THK Competitors

SMC

TSE:6273

JP¥5.2t

Fanuc

TSE:6954

JP¥5.1t

YASKAWA Electric

TSE:6506

JP¥1.6t

Amada

TSE:6113

JP¥432.1b

Price History & Performance

Summary of all time highs, changes and price drops for THK
Historical stock prices
Current Share PriceJP¥2,686.00
52 Week HighJP¥2,383.00
52 Week LowJP¥4,140.00
Beta1.29
1 Month Change12.62%
3 Month Change-18.73%
1 Year Change0.30%
3 Year Change-12.93%
5 Year Change38.60%
Change since IPO-43.25%

Recent News & Updates

Shareholder Returns

6481JP MachineryJP Market
7D-4.0%1.9%0.4%
1Y0.3%29.4%25.6%

Return vs Industry: 6481 underperformed the JP Machinery industry which returned 29.4% over the past year.

Return vs Market: 6481 underperformed the JP Market which returned 25.6% over the past year.

Price Volatility

Is 6481's price volatile compared to industry and market?
6481 volatility
6481 Beta1.29
Industry Beta1.13
Market Beta1

Stable Share Price: 6481 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6481's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
197112,914Akihiro Teramachihttps://www.thk.com

THK Co., Ltd. manufactures and supplies machinery components worldwide. It provides linear motion (LM) guides, spline nuts, LM strokes, cross roller guides, linear ball slides, flat rollers, slide rails, LM guide actuators, ball splines, linear bushes, precision linear packs, cross roller tables, LM rollers, and slide packs. The company also offers ball screws, screw nuts, change nuts, double-row angular contact roller rings, cross roller rings, cam followers, roller followers, spherical plain bearings, link balls, rod ends, lubrication accessories, and seismic isolation products.

THK Fundamentals Summary

How do THK's earnings and revenue compare to its market cap?
6481 fundamental statistics
Market CapJP¥339.96b
Earnings (TTM)JP¥887.00m
Revenue (TTM)JP¥266.99b

383.3x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6481 income statement (TTM)
RevenueJP¥266.99b
Cost of RevenueJP¥207.55b
Gross ProfitJP¥59.44b
ExpensesJP¥58.55b
EarningsJP¥887.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.01
Gross Margin22.26%
Net Profit Margin0.33%
Debt/Equity Ratio34.1%

How did 6481 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

364%

Payout Ratio

Does 6481 pay a reliable dividends?

See 6481 dividend history and benchmarks
When do you need to buy 6481 by to receive an upcoming dividend?
THK dividend dates
Ex Dividend DateDec 29 2021
Dividend Pay DateMar 22 2022
Days until Ex dividend100 days
Days until Dividend pay date183 days

Does 6481 pay a reliable dividends?

See 6481 dividend history and benchmarks

Valuation

Is THK undervalued compared to its fair value and its price relative to the market?

383.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6481 (¥2686) is trading above our estimate of fair value (¥2680.06)

Significantly Below Fair Value: 6481 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6481 is poor value based on its PE Ratio (383.3x) compared to the JP Machinery industry average (14.5x).

PE vs Market: 6481 is poor value based on its PE Ratio (383.3x) compared to the JP market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: 6481 is poor value based on its PEG Ratio (35.5x)


Price to Book Ratio

PB vs Industry: 6481 is overvalued based on its PB Ratio (1.2x) compared to the JP Machinery industry average (0.9x).


Future Growth

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

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6481's forecast earnings growth (10.8% per year) is above the savings rate (0%).

Earnings vs Market: 6481's earnings (10.8% per year) are forecast to grow faster than the JP market (10.2% per year).

High Growth Earnings: 6481's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6481's revenue (3.4% per year) is forecast to grow slower than the JP market (4.8% per year).

High Growth Revenue: 6481's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6481's Return on Equity is forecast to be low in 3 years time (8.3%).


Past Performance

How has THK performed over the past 5 years?

-29.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6481 has a large one-off loss of ¥8.9B impacting its June 30 2021 financial results.

Growing Profit Margin: 6481 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 6481's earnings have declined by 29.4% per year over the past 5 years.

Accelerating Growth: 6481 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 6481 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (12.3%).


Return on Equity

High ROE: 6481's Return on Equity (-0.2%) is considered low.


Financial Health

How is THK's financial position?


Financial Position Analysis

Short Term Liabilities: 6481's short term assets (¥310.3B) exceed its short term liabilities (¥81.6B).

Long Term Liabilities: 6481's short term assets (¥310.3B) exceed its long term liabilities (¥124.5B).


Debt to Equity History and Analysis

Debt Level: 6481's debt to equity ratio (34.1%) is considered satisfactory.

Reducing Debt: 6481's debt to equity ratio has reduced from 35% to 34.1% over the past 5 years.

Debt Coverage: 6481's debt is well covered by operating cash flow (26%).

Interest Coverage: 6481 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is THK current dividend yield, its reliability and sustainability?

0.67%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 20 2021Ex Dividend DateDec 29 2021Dividend Pay DateMar 22 202283 days from Ex DividendBuy in the next 100 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 6481's dividend (0.67%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.27%).

High Dividend: 6481's dividend (0.67%) is low compared to the top 25% of dividend payers in the JP market (2.94%).


Stability and Growth of Payments

Stable Dividend: 6481 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.

Growing Dividend: 6481 is not paying a notable dividend for the JP market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 6481 is not paying a notable dividend for the JP market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6481's dividend in 3 years as they are not forecast to pay a notable one for the JP market.


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Akihiro Teramachi (70 yo)

no data

Tenure

JP¥157,000,000

Compensation

Mr. Akihiro Teramachi serves as the Chief Executive Officer of THK Co., Ltd. and has been its President since January 1997. Mr. Teramachi serves as Chairman of Nano Control Co., Ltd., Talk System Co., Ltd....


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Akihiro's total compensation is reasonable compared to companies of similar size in the JP market.

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


Leadership Team

Experienced Management: 6481's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: 6481's board of directors are considered experienced (8.3 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

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


Key Information

  • Name: THK Co., Ltd.
  • Ticker: 6481
  • Exchange: TSE
  • Founded: 1971
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: JP¥339.957b
  • Shares outstanding: 126.57m
  • Website: https://www.thk.com

Number of Employees


Location

  • THK Co., Ltd.
  • 2-12-10
  • Shibaura
  • Tokyo
  • 108-8506
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 08:04
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.