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Komatsu

OTCPK:KMTU.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KMTU.F
OTCPK
¥2,347B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment worldwide. The last earnings update was 28 days ago. More info.


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KMTU.F Share Price and Events
7 Day Returns
-2.5%
OTCPK:KMTU.F
-1.1%
US Machinery
-1.2%
US Market
1 Year Returns
-18.6%
OTCPK:KMTU.F
5.4%
US Machinery
3.3%
US Market
KMTU.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Komatsu (KMTU.F) -2.5% 1.5% - -18.6% 18.5% 0.5%
US Machinery -1.1% 0% -2.9% 5.4% 46.7% 30.3%
US Market -1.2% 0.8% 0.9% 3.3% 35.9% 41.7%
1 Year Return vs Industry and Market
  • KMTU.F underperformed the Machinery industry which returned 5.4% over the past year.
  • KMTU.F underperformed the Market in United States of America which returned 3.3% over the past year.
Price Volatility
KMTU.F
Industry
5yr Volatility vs Market

KMTU.F Value

 Is Komatsu undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Komatsu to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Komatsu.

OTCPK:KMTU.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:KMTU.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 30.86%) (39.68%))
1.255
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.255 * 5.96%)
10.21%

Discounted Cash Flow Calculation for OTCPK:KMTU.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Komatsu is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:KMTU.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.21%)
2020 200,823.63 Analyst x8 182,220.20
2021 187,430.82 Analyst x11 154,313.68
2022 181,667.67 Analyst x6 135,713.42
2023 100,785.00 Analyst x1 68,316.06
2024 169,729.50 Analyst x2 104,391.69
2025 161,177.92 Est @ -5.04% 89,948.90
2026 156,813.46 Est @ -2.71% 79,406.38
2027 155,125.37 Est @ -1.08% 71,274.89
2028 155,226.90 Est @ 0.07% 64,714.63
2029 156,569.33 Est @ 0.86% 59,227.57
Present value of next 10 years cash flows ¥1,009,527.42
OTCPK:KMTU.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥156,569.33 × (1 + 2.73%) ÷ (10.21% – 2.73%)
¥2,150,515.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,150,515.09 ÷ (1 + 10.21%)10
¥813,504.01
OTCPK:KMTU.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,009,527.42 + ¥813,504.01
¥1,823,031.43
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,823,031.43 / 944.45
¥1930.27
OTCPK:KMTU.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KMTU.F represents 0.00915x of TSE:6301
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00915x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,930.27 x 0.00915
$17.66
Value per share (USD) From above. $17.66
Current discount Discount to share price of $22.74
= -1 x ($22.74 - $17.66) / $17.66
-28.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Komatsu is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Komatsu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Komatsu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KMTU.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥271.81
TSE:6301 Share Price ** TSE (2019-07-17) in JPY ¥2485
United States of America Machinery Industry PE Ratio Median Figure of 98 Publicly-Listed Machinery Companies 20.98x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Komatsu.

OTCPK:KMTU.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6301 Share Price ÷ EPS (both in JPY)

= 2485 ÷ 271.81

9.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Komatsu is good value based on earnings compared to the US Machinery industry average.
  • Komatsu is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Komatsu's expected growth come at a high price?
Raw Data
OTCPK:KMTU.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
-0.6%per year
United States of America Machinery Industry PEG Ratio Median Figure of 79 Publicly-Listed Machinery Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

OTCPK:KMTU.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.14x ÷ -0.6%

-15.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Komatsu earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Komatsu's assets?
Raw Data
OTCPK:KMTU.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,922.50
TSE:6301 Share Price * TSE (2019-07-17) in JPY ¥2485
United States of America Machinery Industry PB Ratio Median Figure of 126 Publicly-Listed Machinery Companies 2.23x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.79x
OTCPK:KMTU.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6301 Share Price ÷ Book Value per Share (both in JPY)

= 2485 ÷ 1,922.50

1.29x

* Primary Listing of Komatsu.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Komatsu is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Komatsu's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Komatsu has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KMTU.F Future Performance

 How is Komatsu expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Komatsu expected to grow at an attractive rate?
  • Komatsu's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Komatsu's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Komatsu's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KMTU.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KMTU.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts -0.6%
OTCPK:KMTU.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 0.5%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.5%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:KMTU.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KMTU.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,860,100 367,980 254,550 2
2023-03-31 2,813,800 305,285 246,300 2
2022-03-31 2,723,983 367,837 245,542 12
2021-03-31 2,721,270 367,061 246,529 18
2020-03-31 2,689,333 386,503 238,503 17
OTCPK:KMTU.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 2,725,243 202,548 256,447
2018-12-31 2,713,915 167,112 225,519
2018-09-30 2,660,190 140,093 220,034
2018-06-30 2,585,956 106,668 222,985
2018-03-31 2,501,107 148,394 196,410
2017-12-31 2,382,083 191,159 200,110
2017-09-30 2,165,835 241,229 177,618
2017-06-30 1,974,948 251,787 134,188
2017-03-31 1,802,989 256,126 113,381
2016-12-31 1,711,154 255,895 102,019
2016-09-30 1,758,579 263,718 109,848
2016-06-30 1,798,113 304,526 120,484

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Komatsu's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Komatsu's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:KMTU.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Komatsu Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KMTU.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 273.00 273.00 273.00 1.00
2023-03-31 264.50 264.50 264.50 1.00
2022-03-31 257.95 295.70 226.70 13.00
2021-03-31 259.67 360.43 216.29 19.00
2020-03-31 252.29 287.40 226.89 18.00
OTCPK:KMTU.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 271.81
2018-12-31 239.05
2018-09-30 233.26
2018-06-30 236.40
2018-03-31 208.25
2017-12-31 212.19
2017-09-30 188.36
2017-06-30 142.32
2017-03-31 120.26
2016-12-31 108.22
2016-09-30 116.53
2016-06-30 127.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Komatsu is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Komatsu's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Komatsu has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KMTU.F Past Performance

  How has Komatsu performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Komatsu's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Komatsu's year on year earnings growth rate has been positive over the past 5 years.
  • Komatsu's 1-year earnings growth exceeds its 5-year average (30.6% vs 9.7%)
  • Komatsu's earnings growth has not exceeded the US Machinery industry average in the past year (30.6% vs 31.9%).
Earnings and Revenue History
Komatsu's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Komatsu Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KMTU.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,725,243.00 256,447.00 460,353.00
2018-12-31 2,713,915.00 225,519.00 437,961.00
2018-09-30 2,660,190.00 220,034.00 467,109.00
2018-06-30 2,585,956.00 222,985.00 434,451.00
2018-03-31 2,501,107.00 196,410.00 451,307.00
2017-12-31 2,382,083.00 200,110.00 418,697.00
2017-09-30 2,165,835.00 177,618.00 394,118.00
2017-06-30 1,974,948.00 134,188.00 369,270.00
2017-03-31 1,802,989.00 113,381.00 342,468.00
2016-12-31 1,711,154.00 102,019.00 326,778.00
2016-09-30 1,758,579.00 109,848.00 330,610.00
2016-06-30 1,798,113.00 120,484.00 326,647.00
2016-03-31 1,854,964.00 137,426.00 330,614.00
2015-12-31 1,912,568.00 141,238.00 343,795.00
2015-09-30 1,928,621.00 141,119.00 346,270.00
2015-06-30 1,964,558.00 148,856.00 344,544.00
2015-03-31 1,978,676.00 154,009.00 335,421.00
2014-12-31 2,000,768.00 160,694.00 330,731.00
2014-09-30 1,971,088.00 158,694.00 322,451.00
2014-06-30 1,958,719.00 159,910.00 317,657.00
2014-03-31 1,953,657.00 159,518.00 320,114.00
2013-12-31 1,923,927.00 150,562.00 315,001.00
2013-09-30 1,879,263.00 139,019.00 307,225.00
2013-06-30 1,870,202.00 131,488.00 298,940.00
2013-03-31 1,884,991.00 126,321.00 293,222.00
2012-12-31 1,883,832.00 128,761.00 286,285.00
2012-09-30 1,926,745.00 138,478.00 283,644.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Komatsu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Komatsu used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Komatsu has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Komatsu's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Komatsu has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KMTU.F Health

 How is Komatsu's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Komatsu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Komatsu is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Komatsu's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Komatsu's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Komatsu Company Filings, last reported 3 months ago.

OTCPK:KMTU.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,902,868.00 929,642.00 150,909.00
2018-12-31 1,800,093.00 966,645.00 150,737.00
2018-09-30 1,863,281.00 917,351.00 128,769.00
2018-06-30 1,777,471.00 934,497.00 147,840.00
2018-03-31 1,743,590.00 810,605.00 146,893.00
2017-12-31
2017-09-30 1,735,413.00 817,321.00 163,960.00
2017-06-30 1,673,840.00 851,301.00 152,793.00
2017-03-31 1,648,515.00 408,702.00 122,190.00
2016-12-31 1,622,523.00 502,498.00 136,493.00
2016-09-30 1,488,666.00 388,345.00 89,162.00
2016-06-30 1,478,133.00 431,009.00 108,255.00
2016-03-31 1,587,760.00 457,552.00 108,471.00
2015-12-31
2015-09-30
2015-06-30 1,630,700.00 610,049.00 109,180.00
2015-03-31 1,598,500.00 589,129.00 107,312.00
2014-12-31 1,596,257.00 671,126.00 120,303.00
2014-09-30 1,525,908.00 574,730.00 112,831.00
2014-06-30 1,437,799.00 610,591.00 112,196.00
2014-03-31 1,441,111.00 605,067.00 91,149.00
2013-12-31 1,417,645.00 706,409.00 111,349.00
2013-09-30 1,337,738.00 622,900.00 92,223.00
2013-06-30 1,298,245.00 695,516.00 94,058.00
2013-03-31 1,252,695.00 681,889.00 93,881.00
2012-12-31 1,145,611.00 706,123.00 95,157.00
2012-09-30 1,055,550.00 621,897.00 80,437.00
  • Komatsu's level of debt (48.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (42% vs 48.9% today).
  • Debt is well covered by operating cash flow (21.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.8x coverage).
X
Financial health checks
We assess Komatsu's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Komatsu has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KMTU.F Dividends

 What is Komatsu's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.75%
Current annual income from Komatsu dividends. Estimated to be 4.48% next year.
If you bought $2,000 of Komatsu shares you are expected to receive $95 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Komatsu's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Komatsu's dividend is above the markets top 25% of dividend payers in United States of America (3.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:KMTU.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 75 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:KMTU.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 120.00 1.00
2023-03-31 120.00 1.00
2022-03-31 112.40 12.00
2021-03-31 111.98 18.00
2020-03-31 108.94 17.00
OTCPK:KMTU.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-24 118.000 4.640
2019-02-14 102.000 3.919
2019-01-31 102.000 3.787
2018-11-09 102.000 3.775
2018-10-29 102.000 3.402
2018-04-26 96.000 2.934
2018-02-13 72.000 1.958
2018-01-31 72.000 1.767
2017-11-09 72.000 1.828
2017-10-27 72.000 1.900
2017-06-19 58.000 1.907
2017-04-27 58.000 2.109
2017-02-13 58.000 2.035
2017-01-31 58.000 2.084
2016-11-14 58.000 2.178
2016-10-28 58.000 2.504
2016-06-21 58.000 2.723
2016-04-27 58.000 3.134
2016-02-10 58.000 3.122
2016-01-29 58.000 3.325
2015-11-11 58.000 3.029
2015-10-28 58.000 2.887
2015-06-23 58.000 2.756
2015-04-27 58.000 2.301
2015-02-10 58.000 2.344
2015-01-28 58.000 2.412
2014-11-11 58.000 2.158
2014-10-31 58.000 2.146
2014-06-17 58.000 2.436
2014-04-25 58.000 2.579
2014-02-13 58.000 2.720
2014-01-30 58.000 2.796
2013-11-12 58.000 2.764
2013-10-29 58.000 2.735
2013-09-25 58.000 2.457
2013-06-28 58.000 2.519
2013-04-26 58.000 2.278
2013-02-13 48.000 2.062
2013-01-30 48.000 1.968
2012-11-13 48.000 2.362
2012-10-30 48.000 2.799
2012-08-02 48.000 2.970
2012-06-29 48.000 2.721
2012-04-27 48.000 2.478
2012-02-10 42.000 1.787
2012-02-02 42.000 1.940
2011-11-10 42.000 2.163
2011-10-27 42.000 2.157
2011-08-01 42.000 2.269
2011-06-28 42.000 1.685
2011-04-28 42.000 1.688
2011-01-27 36.000 1.371
2010-11-11 36.000 1.482
2010-10-29 36.000 1.684
2010-07-28 28.000 1.508
2010-06-24 28.000 1.645
2010-04-27 28.000 1.644
2010-01-29 16.000 0.857
2010-01-28 16.000 0.877
2009-11-11 16.000 0.857
2009-10-29 16.000 0.881
2009-07-29 16.000 0.947
2009-07-01 16.000 1.105
2009-02-12 44.000 3.588
2009-01-29 44.000 4.358
2008-12-04 44.000 4.080
2008-07-30 44.000 3.027

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Komatsu's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Komatsu's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Komatsu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Komatsu has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KMTU.F Management

 What is the CEO of Komatsu's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hiroyuki Ogawa
AGE 58
TENURE AS CEO 0.3 years
CEO Bio

Mr. Hiroyuki Ogawa serves as a 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 1, 2019. He served as its President of Production Division of Komatsu Ltd since April 1, 2016 until 2018, and its General Manager of Manufacturing Engineering Development Center - Production Division since 2018, responsible for the Mid-range Management Plan. Mr. Ogawa serves as the Chairman of PT Komatsu Marketing and Support Indonesia. He served as an Executive Officer of Komatsu Ltd. He has been a Commissioner of PT. Komatsu Indonesia since April 1, 2016. Mr. Ogawa has been President of Casting Division at Komatsu Ltd. since 2018. Mr. Ogawa has been a Representative Director at Komatsu Ltd.

CEO Compensation
  • Insufficient data for Hiroyuki to compare compensation growth.
  • Insufficient data for Hiroyuki to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Komatsu management team in years:

1
Average Tenure
  • The average tenure for the Komatsu management team is less than 2 years, this suggests a new team.
Management Team

Hiroyuki Ogawa

TITLE
President
AGE
58
TENURE
0.3 yrs

Takeshi Horikoshi

TITLE
Chief Financial Officer

Yuichi Iwamoto

TITLE
Chief Technology Officer

Hiroshi Makabe

TITLE
Executive Officer of Legal
TENURE
0.5 yrs

Koichi Honda

TITLE
Executive Officer & GM of Human Resources Department
TENURE
1.5 yrs

Mitsuru Ueno

TITLE
Senior Executive Officer of Jomu

Ichiro Nakano

TITLE
Senior Executive Officer & VP of Development Division

Max Moriyama

TITLE
Senior Executive Officer & President of Mining Business Division

Yasuhiro Inagaki

TITLE
Senior Executive Officer

Yasushi Sakano

TITLE
Senior Executive Officer & Representative of All Latin America Operations
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Komatsu board of directors in years:

3.3
Average Tenure
68
Average Age
  • The tenure for the Komatsu board of directors is about average.
Board of Directors

Tetsuji Ohashi

TITLE
Chairman
COMPENSATION
¥155M
AGE
65
TENURE
0.3 yrs

Hiroyuki Ogawa

TITLE
President
AGE
58

Kuniko Urano

TITLE
Senior Executive Officer & Director
TENURE
1.1 yrs

Mitoji Yabunaka

TITLE
Outside Director
AGE
71
TENURE
5.1 yrs

Masayuki Oku

TITLE
Outside Director
AGE
75
TENURE
5.1 yrs

Makoto Kigawa

TITLE
Outside Director
AGE
70
TENURE
3.3 yrs

Kosuke Yamane

TITLE
Full Time Audit & Supervisory Board Member
AGE
61
TENURE
3.3 yrs

Hironobu Matsuo

TITLE
Full Time Audit & Supervisory Board Member
AGE
61
TENURE
2.1 yrs

Hirohide Yamaguchi

TITLE
Outside Audit & Supervisory Board Member
AGE
68
TENURE
5.1 yrs

Eiko Shinotsuka

TITLE
Outside Audit & Supervisory Board Member
AGE
77
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Komatsu's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Komatsu has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KMTU.F News

Simply Wall St News

KMTU.F Company Info

Description

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment 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. The company also provides forklift trucks; forestry equipment, including harvesters, forwarders, and feller bunchers, as well as forestry-specific machines based on construction equipment; recycling equipment, such as mobile crushers, soil recyclers, and mobile tub grinders; tunneling machines, which comprise shield and tunnel-boring machines, as well as small diameter pipe jacking machines; and diesel engines, hydraulic equipment, and iron and steel castings products. In addition, it offers metal forging and stamping presses, including large presses, and small and medium-sized presses; sheet-metal machines, such as press brakes, shears, laser cutting machines, and fine plasma cutting machines; machine tools, which comprise crankshaft millers, transfer machines, machining centers, grinding machines, and wire saws; excimer lasers for semiconductor lithography tools; thermoelectric modules and temperature-control equipment for semiconductor manufacturing; and defense-related equipment, as well as provides warehousing and packing services. Further, the company provides other specific equipment for demolition, metal recycle, and slag handling; wear parts, periodic replacement parts, attachments, and remanufacturing parts; and retail financing for construction and mining equipment. Komatsu Ltd. was founded in 1884 and is headquartered in Tokyo, Japan.

Details
Name: Komatsu Ltd.
KMTU.F
Exchange: OTCPK
Founded: 1884
¥21,759,593,586
944,445,169
Website: http://www.komatsu.com
Address: Komatsu Ltd.
2-3-6 Akasaka,
Minato-ku,
Tokyo,
107-8414,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6301 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK KMTU.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
DB KOM1 Common Shares Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK KMTU.Y SPON ADR NEW Pink Sheets LLC US USD 07. Jan 1980
Number of employees
Current staff
Staff numbers
61,908
Komatsu employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 23:54
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/06/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.