KOMATSU LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,264 JPY | -1.68% |
|
-2.04% | +15.62% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,426,055 | 1,679,604 | 3,231,281 | 2,781,994 | 3,098,679 | 4,035,447 | - | - |
| Enterprise Value (EV) 1 | 3,205,945 | 2,442,309 | 3,898,137 | 3,412,704 | 3,925,257 | 4,184,038 | 4,547,371 | 4,429,200 |
| 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 | 1.18 x | 1.13 x |
| EV / EBITDA | 6.06 x | 6.39 x | 13 x | 7.53 x | 6.13 x | 6.3 x | 6.39 x | 5.78 x |
| EV / FCF | 209 x | 19 x | 20.4 x | 21.7 x | 106 x | 20 x | 11.2 x | 11.8 x |
| FCF Yield | 0.48% | 5.27% | 4.9% | 4.61% | 0.94% | 5% | 8.9% | 8.51% |
| 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) | 943,807 | 944,393 | 945,095 | 945,292 | 945,584 | 946,399 | - | - |
| Reference price 2 | 2,570 | 1,778 | 3,419 | 2,943 | 3,277 | 4,264 | 4,264 | 4,264 |
| Announcement Date | 4/26/19 | 5/18/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,725,243 | 2,444,870 | 2,189,512 | 2,802,323 | 3,543,475 | 3,865,122 | 3,853,205 | 3,935,984 |
| EBITDA 1 | 529,270 | 382,303 | 300,454 | 453,361 | 640,373 | 750,740 | 712,100 | 766,929 |
| EBIT 1 | 397,806 | 250,707 | 167,328 | 317,015 | 490,685 | 607,194 | 577,749 | 603,574 |
| Operating Margin | 14.6% | 10.25% | 7.64% | 11.31% | 13.85% | 15.71% | 14.99% | 15.33% |
| Earnings before Tax (EBT) 1 | 377,471 | 223,114 | 162,775 | 324,568 | 476,434 | 575,663 | 549,896 | 575,114 |
| Net income 1 | 256,491 | 153,844 | 106,237 | 224,927 | 326,398 | 393,426 | 365,670 | 396,084 |
| Net margin | 9.41% | 6.29% | 4.85% | 8.03% | 9.21% | 10.18% | 9.49% | 10.06% |
| EPS 2 | 271.8 | 162.9 | 112.4 | 238.0 | 345.2 | 416.0 | 413.8 | 427.8 |
| Free Cash Flow 1 | 15,344 | 128,629 | 190,955 | 157,401 | 36,956 | 236,383 | 404,838 | 376,704 |
| 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% | 56.85% | 49.12% |
| FCF Conversion (Net income) | 5.98% | 83.61% | 179.74% | 69.98% | 11.32% | 60.61% | 110.71% | 95.11% |
| Dividend per Share 2 | 110.0 | 94.00 | 55.00 | 96.00 | 139.0 | 165.9 | 173.3 | 177.5 |
| Announcement Date | 4/26/19 | 5/18/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/26/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 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 | 1,213,485 | 957,717 | 643,134 | 1,291,400 | 723,277 | 787,646 | 763,808 | 854,927 | 1,618,735 | 920,497 | 1,004,243 | - | 899,551 | 923,443 | 1,822,994 | 971,996 | 1,070,132 | 2,042,128 | 934,000 | 969,000 | 1,047,000 | 1,147,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 182,196 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 141,982 | 60,342 | 74,534 | 136,284 | 87,479 | 93,252 | 93,562 | 118,072 | 211,634 | 134,965 | 144,086 | - | 147,021 | 149,955 | 296,976 | 156,445 | 153,773 | 310,218 | - | - | - | - |
| 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% | - | - | - | - |
| Earnings before Tax (EBT) 1 | 128,212 | 58,530 | 75,055 | 136,509 | 87,806 | 100,253 | 112,475 | 115,284 | 227,759 | 112,048 | 136,627 | - | 148,168 | 139,852 | 288,020 | 142,251 | 145,392 | - | - | - | - | - |
| Net income 1 | 90,062 | 37,294 | 52,249 | 93,141 | 62,361 | 69,425 | 80,454 | 82,114 | 162,568 | 69,343 | 94,487 | - | 105,427 | 100,121 | 205,548 | 98,719 | 89,159 | - | - | - | - | - |
| 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% | - | - | - | - | - |
| 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 | 10/30/19 | 10/28/20 | 10/28/21 | 10/28/21 | 1/31/22 | 4/28/22 | 7/29/22 | 10/31/22 | 10/31/22 | 1/31/23 | 4/28/23 | 4/28/23 | 7/28/23 | 10/27/23 | 10/27/23 | 1/30/24 | 4/26/24 | 4/26/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 779,890 | 762,705 | 666,856 | 630,710 | 826,578 | 694,638 | 511,925 | 393,754 |
| 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 | 0.7189 x | 0.5134 x |
| Free Cash Flow 1 | 15,344 | 128,629 | 190,955 | 157,401 | 36,956 | 236,383 | 404,838 | 376,704 |
| ROE (net income / shareholders' equity) | 14.7% | 8.6% | 5.8% | 10.9% | 13.7% | 14.1% | 13% | 12.8% |
| ROA (Net income/ Total Assets) | 10.8% | 6.12% | 4.38% | 7.98% | 10.3% | 11% | 7.45% | 7.61% |
| Assets 1 | 2,381,899 | 2,513,996 | 2,427,420 | 2,817,882 | 3,159,398 | 3,592,285 | 4,908,319 | 5,207,985 |
| 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 | 179,210 | 166,552 | 163,174 | 147,762 | 161,563 | 174,937 | 188,538 | 184,462 |
| Capex / Sales | 6.58% | 6.81% | 7.45% | 5.27% | 4.56% | 4.61% | 4.89% | 4.69% |
| Announcement Date | 4/26/19 | 5/18/20 | 4/30/21 | 4/28/22 | 4/28/23 | 4/26/24 | - | - |
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
4,895
JPY
Spread / Average Target
+14.81%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.62% | 25.64B | |
| +14.65% | 58.67B | |
| +26.10% | 36.8B | |
| +26.70% | 28.74B | |
| +11.71% | 23.31B | |
| +1.34% | 21.74B | |
| +15.97% | 18.38B | |
| -6.32% | 14.21B | |
| +18.96% | 12.04B | |
| +15.76% | 9.38B |
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