Keyence Corporation, together with its subsidiaries, develops, manufactures, and sells factory automation solutions worldwide. The company offers photoelectric, fiber optic, laser, positioning, vision, and inductive proximity sensors, as well as network communication units used for presence/absence and part differentiation applications. It also provides measurement sensors, such as laser displacement and profiler, optical/laser micrometer, 3D interference measurement, spectral interference displacement, and contact displacement/LVDT sensors; and measurement systems, including optical comparators, 3D scanners, and CMM/laser trackers.
Keyence Fundamentals Summary
How do Keyence's earnings and revenue compare to its market cap?
Is 6861 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6
Valuation 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 6861?
Other financial metrics that can be useful for relative valuation.
The above table shows the n/a ratio for 6861. This is calculated by dividing 6861's market cap by their current
preferred multiple.
What is 6861's n/a Ratio?
n/a Ratio
0x
n/a
n/a
Market Cap
JP¥13.56t
6861 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.
Price-To-Earnings vs Industry: 6861 is expensive based on its Price-To-Earnings Ratio (42.7x) compared to the JP Electronic industry average (11.5x)
Price to Earnings Ratio vs Fair Ratio
What is 6861'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.
6861 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio
42.7x
Fair PE Ratio
21x
Price-To-Earnings vs Fair Ratio: 6861 is expensive based on its Price-To-Earnings Ratio (42.7x) compared to the estimated Fair Price-To-Earnings Ratio (21x).
Share Price vs Fair Value
What is the Fair Price of 6861 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6861 (¥55500) is trading above our estimate of fair value (¥35914.95)
Significantly Below Fair Value: 6861 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 more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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Future Growth
How is Keyence forecast to perform in the next 1 to 3 years based on estimates from 18 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
11.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6861's forecast earnings growth (11.9% per year) is above the savings rate (0.04%).
Earnings vs Market: 6861's earnings (11.9% per year) are forecast to grow faster than the JP market (8.7% per year).
High Growth Earnings: 6861's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6861's revenue (11% per year) is forecast to grow faster than the JP market (4.4% per year).
High Growth Revenue: 6861's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6861's Return on Equity is forecast to be low in 3 years time (14.2%).
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Past Performance
How has Keyence 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
6.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6861 has high quality earnings.
Growing Profit Margin: 6861's current net profit margins (40.6%) are higher than last year (38.2%).
Past Earnings Growth Analysis
Earnings Trend: 6861's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: 6861's earnings growth over the past year (38.1%) exceeds its 5-year average (6.9% per year).
Earnings vs Industry: 6861 earnings growth over the past year (38.1%) underperformed the Electronic industry 42.3%.
Return on Equity
High ROE: 6861's Return on Equity (14.1%) is considered low.
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Financial Health
How is Keyence'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: 6861's short term assets (¥1,345.2B) exceed its short term liabilities (¥96.9B).
Long Term Liabilities: 6861's short term assets (¥1,345.2B) exceed its long term liabilities (¥4.5B).
Debt to Equity History and Analysis
Debt Level: 6861 is debt free.
Reducing Debt: 6861 has not had any debt for past 5 years.
Debt Coverage: 6861 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 6861 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Keyence 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
Cash Flow Coverage
0.36%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 6861's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.63%).
High Dividend: 6861's dividend (0.36%) is low compared to the top 25% of dividend payers in the JP market (3.62%).
Stability and Growth of Payments
Stable Dividend: 6861 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.
Growing Dividend: 6861 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: 6861 is not paying a notable dividend for the JP market.
Cash Payout to Shareholders
Cash Flow Coverage: 6861 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?
9.9yrs
Average board tenure
CEO
Yu Nakata
no data
Tenure
Yu Nakata serves as the President and Representative Director of Keyence Corporation.
Board Members
Experienced Board: 6861's board of directors are considered experienced (9.9 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
Keyence Corporation's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/08/08 00:00
End of Day Share Price
2022/08/08 00:00
Earnings
2022/06/20
Annual Earnings
2022/03/20
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.