KOMATSU LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,755 JPY | +11.52% |
|
+6.61% | +28.93% |
| 04:58am | Komatsu Shares Hit Record High on Unexpected Buyback Plan | DJ |
| 29/04 | Komatsu's Fiscal 2024 Attributable Net Income Surges 21% on Improved Selling Prices | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 24,26,055 | 16,79,604 | 32,31,281 | 27,81,994 | 30,98,679 | 40,35,447 | - | - |
| Enterprise Value (EV) 1 | 32,05,945 | 24,42,309 | 38,98,137 | 34,12,704 | 39,25,257 | 41,84,038 | 46,48,662 | 44,76,650 |
| P/E ratio | 9.46 x | 10.9 x | 30.4 x | 12.4 x | 9.49 x | 10.6 x | 10.3 x | 9.97 x |
| Yield | 4.28% | 5.29% | 1.61% | 3.26% | 4.24% | 3.89% | 4.06% | 4.16% |
| Capitalization / Revenue | 0.89 x | 0.69 x | 1.48 x | 0.99 x | 0.87 x | 1.08 x | 1.05 x | 1.03 x |
| EV / Revenue | 1.18 x | 1 x | 1.78 x | 1.22 x | 1.11 x | 1.08 x | 1.21 x | 1.14 x |
| EV / EBITDA | 6.06 x | 6.39 x | 13 x | 7.53 x | 6.13 x | 6.3 x | 6.24 x | 5.77 x |
| EV / FCF | 209 x | 19 x | 20.4 x | 21.7 x | 106 x | 20 x | 11.5 x | 11.9 x |
| FCF Yield | 0.48% | 5.27% | 4.9% | 4.61% | 0.94% | 5% | 8.71% | 8.41% |
| Price to Book | 1.34 x | 0.95 x | 1.69 x | 1.25 x | 1.22 x | 1.38 x | 1.24 x | 1.19 x |
| Nbr of stocks (in thousands) | 9,43,807 | 9,44,393 | 9,45,095 | 9,45,292 | 9,45,584 | 9,46,399 | - | - |
| Reference price 2 | 2,570 | 1,778 | 3,419 | 2,943 | 3,277 | 4,264 | 4,264 | 4,264 |
| Announcement Date | 26/04/19 | 18/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | 26/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27,25,243 | 24,44,870 | 21,89,512 | 28,02,323 | 35,43,475 | 38,65,122 | 38,53,205 | 39,35,984 |
| EBITDA 1 | 5,29,270 | 3,82,303 | 3,00,454 | 4,53,361 | 6,40,373 | 7,50,740 | 7,44,457 | 7,76,236 |
| EBIT 1 | 3,97,806 | 2,50,707 | 1,67,328 | 3,17,015 | 4,90,685 | 6,07,194 | 5,91,354 | 6,12,217 |
| Operating Margin | 14.6% | 10.25% | 7.64% | 11.31% | 13.85% | 15.71% | 15.35% | 15.55% |
| Earnings before Tax (EBT) 1 | 3,77,471 | 2,23,114 | 1,62,775 | 3,24,568 | 4,76,434 | 5,75,663 | 5,56,784 | 5,83,403 |
| Net income 1 | 2,56,491 | 1,53,844 | 1,06,237 | 2,24,927 | 3,26,398 | 3,93,426 | 3,87,420 | 4,02,376 |
| Net margin | 9.41% | 6.29% | 4.85% | 8.03% | 9.21% | 10.18% | 10.05% | 10.22% |
| EPS 2 | 271.8 | 162.9 | 112.4 | 238.0 | 345.2 | 416.0 | 413.8 | 427.8 |
| Free Cash Flow 1 | 15,344 | 1,28,629 | 1,90,955 | 1,57,401 | 36,956 | 2,36,383 | 4,04,838 | 3,76,704 |
| FCF margin | 0.56% | 5.26% | 8.72% | 5.62% | 1.04% | 6.23% | 10.51% | 9.57% |
| FCF Conversion (EBITDA) | 2.9% | 33.65% | 63.56% | 34.72% | 5.77% | 31.49% | 54.38% | 48.53% |
| FCF Conversion (Net income) | 5.98% | 83.61% | 179.74% | 69.98% | 11.32% | 60.61% | 104.5% | 93.62% |
| Dividend per Share 2 | 110.0 | 94.00 | 55.00 | 96.00 | 139.0 | 165.9 | 173.3 | 177.5 |
| Announcement Date | 26/04/19 | 18/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | 26/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,13,485 | 9,57,717 | 6,43,134 | 12,91,400 | 7,23,277 | 7,87,646 | 7,63,808 | 8,54,927 | 16,18,735 | 9,20,497 | 10,04,243 | - | 8,99,551 | 9,23,443 | 18,22,994 | 9,71,996 | 10,70,132 | 20,42,128 | 9,34,000 | 9,69,000 | 10,47,000 | 11,47,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 1,82,196 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,41,982 | 60,342 | 74,534 | 1,36,284 | 87,479 | 93,252 | 93,562 | 1,18,072 | 2,11,634 | 1,34,965 | 1,44,086 | - | 1,47,021 | 1,49,955 | 2,96,976 | 1,56,445 | 1,53,773 | 3,10,218 | 1,46,000 | 1,53,000 | 1,68,000 | 1,70,000 |
| Operating Margin | 11.7% | 6.3% | 11.59% | 10.55% | 12.09% | 11.84% | 12.25% | 13.81% | 13.07% | 14.66% | 14.35% | - | 16.34% | 16.24% | 16.29% | 16.1% | 14.37% | 15.19% | 15.63% | 15.79% | 16.05% | 14.82% |
| Earnings before Tax (EBT) 1 | 1,28,212 | 58,530 | 75,055 | 1,36,509 | 87,806 | 1,00,253 | 1,12,475 | 1,15,284 | 2,27,759 | 1,12,048 | 1,36,627 | - | 1,48,168 | 1,39,852 | 2,88,020 | 1,42,251 | 1,45,392 | - | 1,37,000 | 1,45,000 | 1,60,000 | 1,63,000 |
| Net income 1 | 90,062 | 37,294 | 52,249 | 93,141 | 62,361 | 69,425 | 80,454 | 82,114 | 1,62,568 | 69,343 | 94,487 | - | 1,05,427 | 1,00,121 | 2,05,548 | 98,719 | 89,159 | - | 95,000 | 1,01,000 | 1,11,000 | 1,13,000 |
| Net margin | 7.42% | 3.89% | 8.12% | 7.21% | 8.62% | 8.81% | 10.53% | 9.6% | 10.04% | 7.53% | 9.41% | - | 11.72% | 10.84% | 11.28% | 10.16% | 8.33% | - | 10.17% | 10.42% | 10.6% | 9.85% |
| EPS 2 | 95.40 | 39.48 | 55.29 | 98.56 | 65.97 | 73.44 | 85.11 | 86.85 | 172.0 | 73.34 | 99.92 | - | 111.5 | 105.9 | 217.4 | 104.4 | 94.24 | - | - | - | - | - |
| Dividend per Share | 55.00 | 18.00 | 40.00 | 40.00 | - | 56.00 | - | 64.00 | 64.00 | - | 75.00 | 75.00 | - | 72.00 | 72.00 | - | - | - | - | - | - | - |
| Announcement Date | 30/10/19 | 28/10/20 | 28/10/21 | 28/10/21 | 31/01/22 | 28/04/22 | 29/07/22 | 31/10/22 | 31/10/22 | 31/01/23 | 28/04/23 | 28/04/23 | 28/07/23 | 27/10/23 | 27/10/23 | 30/01/24 | 26/04/24 | 26/04/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,79,890 | 7,62,705 | 6,66,856 | 6,30,710 | 8,26,578 | 6,94,638 | 6,13,215 | 4,41,203 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.474 x | 1.995 x | 2.219 x | 1.391 x | 1.291 x | 0.9253 x | 0.8237 x | 0.5684 x |
| Free Cash Flow 1 | 15,344 | 1,28,629 | 1,90,955 | 1,57,401 | 36,956 | 2,36,383 | 4,04,838 | 3,76,704 |
| ROE (net income / shareholders' equity) | 14.7% | 8.6% | 5.8% | 10.9% | 13.7% | 14.1% | 13.1% | 12.8% |
| ROA (Net income/ Total Assets) | 10.8% | 6.12% | 4.38% | 7.98% | 10.3% | 11% | 7.45% | 7.61% |
| Assets 1 | 23,81,899 | 25,13,996 | 24,27,420 | 28,17,882 | 31,59,398 | 35,92,285 | 52,00,273 | 52,90,711 |
| Book Value Per Share 2 | 1,923 | 1,875 | 2,023 | 2,362 | 2,686 | 3,207 | 3,425 | 3,575 |
| Cash Flow per Share 2 | 411.0 | 302.0 | 254.0 | 383.0 | 504.0 | 582.0 | 665.0 | 636.0 |
| Capex 1 | 1,79,210 | 1,66,552 | 1,63,174 | 1,47,762 | 1,61,563 | 1,74,937 | 1,88,538 | 1,84,462 |
| Capex / Sales | 6.58% | 6.81% | 7.45% | 5.27% | 4.56% | 4.61% | 4.89% | 4.69% |
| Announcement Date | 26/04/19 | 18/05/20 | 30/04/21 | 28/04/22 | 28/04/23 | 26/04/24 | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
4,264
JPY
Average target price
4,932
JPY
Spread / Average Target
+15.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +28.93% | 25.76B | |
| +16.37% | 59.55B | |
| +29.48% | 37.91B | |
| +30.70% | 28.87B | |
| +16.24% | 24.32B | |
| +2.72% | 22.07B | |
| +19.93% | 18.46B | |
| -3.69% | 14.61B | |
| +19.39% | 12.1B | |
| +17.78% | 9.58B |
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