MAKINO MILLING MACHINE CO., LTD. Financials Makino Milling Machine Co., Ltd.
Equities
6135
JP3862800004
Industrial Machinery & Equipment
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,480 JPY | +1.25% |
|
+0.62% | +10.39% |
| 04-30 | Makino Milling Machine Co., Ltd. announces an Equity Buyback for 180,000 shares, representing 0.76% for ¥1,000 million. | CI |
| 04-30 | Makino Milling Machine Co., Ltd. authorizes a Buyback Plan. | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 111,465 | 69,738 | 104,683 | 92,739 | 115,946 | 151,793 | - | - |
| Enterprise Value (EV) 1 | 98,244 | 63,039 | 86,343 | 67,648 | 100,477 | 133,017 | 123,551 | 125,569 |
| P/E ratio | 6.62 x | 84 x | -39.1 x | 7.76 x | 7.23 x | 9.34 x | 10.8 x | 10.1 x |
| Yield | 2.3% | 2.8% | 0.46% | 1.55% | 3.09% | 2.4% | 2.5% | 2.84% |
| Capitalization / Revenue | 0.54 x | 0.44 x | 0.9 x | 0.5 x | 0.51 x | 0.66 x | 0.68 x | 0.64 x |
| EV / Revenue | 0.48 x | 0.4 x | 0.74 x | 0.36 x | 0.44 x | 0.59 x | 0.55 x | 0.53 x |
| EV / EBITDA | 3.71 x | 6.2 x | 26.5 x | 3.67 x | 3.96 x | 5.4 x | 5.08 x | 4.64 x |
| EV / FCF | 14.9 x | 129 x | 7.53 x | 12.5 x | -21.2 x | 20.5 x | 6.83 x | 11.4 x |
| FCF Yield | 6.73% | 0.77% | 13.3% | 8.02% | -4.71% | 4.89% | 14.6% | 8.75% |
| Price to Book | 0.7 x | 0.46 x | 0.65 x | 0.52 x | 0.59 x | 0.67 x | 0.65 x | 0.65 x |
| Nbr of stocks (in thousands) | 24,444 | 24,444 | 24,148 | 23,933 | 23,882 | 23,718 | - | - |
| Reference price 2 | 4,560 | 2,853 | 4,335 | 3,875 | 4,855 | 6,400 | 6,400 | 6,400 |
| Announcement Date | 26/04/19 | 30/04/20 | 30/04/21 | 28/04/22 | 28/04/23 | 30/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 204,709 | 159,401 | 116,737 | 186,591 | 227,985 | 225,360 | 224,650 | 236,033 |
| EBITDA 1 | 26,508 | 10,166 | 3,264 | 18,455 | 25,395 | 24,638 | 24,333 | 27,067 |
| EBIT 1 | 20,671 | 3,514 | -3,612 | 11,300 | 17,492 | 16,372 | 16,350 | 17,967 |
| Operating Margin | 10.1% | 2.2% | -3.09% | 6.06% | 7.67% | 7.26% | 7.28% | 7.61% |
| Earnings before Tax (EBT) 1 | 22,000 | 4,148 | -2,399 | 14,304 | 19,450 | 19,629 | 17,350 | 19,167 |
| Net income 1 | 16,981 | 830 | -2,703 | 12,042 | 16,073 | 15,981 | 14,000 | 14,987 |
| Net margin | 8.3% | 0.52% | -2.32% | 6.45% | 7.05% | 7.09% | 6.23% | 6.35% |
| EPS 2 | 689.3 | 33.97 | -110.8 | 499.2 | 671.9 | 670.6 | 590.4 | 630.9 |
| Free Cash Flow 1 | 6,609 | 488 | 11,468 | 5,426 | -4,730 | 6,499 | 18,100 | 10,988 |
| FCF margin | 3.23% | 0.31% | 9.82% | 2.91% | -2.07% | 2.88% | 8.06% | 4.66% |
| FCF Conversion (EBITDA) | 24.93% | 4.8% | 351.35% | 29.4% | - | 26.38% | 74.38% | 40.6% |
| FCF Conversion (Net income) | 38.92% | 58.8% | - | 45.06% | - | 40.67% | 129.29% | 73.32% |
| Dividend per Share 2 | 105.0 | 80.00 | 20.00 | 60.00 | 150.0 | 150.0 | 160.0 | 182.0 |
| Announcement Date | 26/04/19 | 30/04/20 | 30/04/21 | 28/04/22 | 28/04/23 | 30/04/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 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 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 74,535 | 84,866 | 49,634 | 67,103 | 38,401 | 75,340 | 47,532 | 63,719 | 46,481 | 56,558 | 103,039 | 62,459 | 62,487 | 124,946 | 53,850 | 54,665 | 108,515 | 54,477 | 62,368 | 116,845 | 49,900 | 55,100 | 103,600 | 57,200 | 69,600 | 126,700 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | 8,254 | 7,951 | - | 6,197 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,067 | 2,447 | -3,716 | 104 | 1,919 | 2,839 | 2,354 | 6,107 | 1,642 | 3,761 | 5,403 | 6,207 | 5,882 | 12,089 | 4,266 | 3,510 | 7,776 | 4,380 | 4,216 | 8,596 | 3,000 | 3,300 | 6,300 | 4,700 | 4,900 | 10,200 |
| Operating Margin | 1.43% | 2.88% | -7.49% | 0.15% | 5% | 3.77% | 4.95% | 9.58% | 3.53% | 6.65% | 5.24% | 9.94% | 9.41% | 9.68% | 7.92% | 6.42% | 7.17% | 8.04% | 6.76% | 7.36% | 6.01% | 5.99% | 6.08% | 8.22% | 7.04% | 8.05% |
| Earnings before Tax (EBT) | 1,114 | - | -3,106 | - | - | 4,032 | 3,126 | - | 2,911 | - | 6,535 | 6,279 | - | - | 5,829 | 4,055 | 9,884 | 4,261 | - | - | - | - | - | - | - | - |
| Net income | 875 | - | -3,306 | - | 2,104 | 3,351 | 2,509 | 6,182 | 2,387 | 2,953 | 5,340 | 5,234 | 5,499 | - | 4,595 | 3,080 | 7,675 | 3,595 | - | - | - | - | - | - | - | - |
| Net margin | 1.17% | - | -6.66% | - | 5.48% | 4.45% | 5.28% | 9.7% | 5.14% | 5.22% | 5.18% | 8.38% | 8.8% | - | 8.53% | 5.63% | 7.07% | 6.6% | - | - | - | - | - | - | - | - |
| EPS | 35.82 | - | -135.3 | - | - | 138.6 | 103.8 | - | 99.77 | - | 223.1 | 218.6 | 230.1 | - | 192.4 | - | 321.4 | 150.8 | - | - | - | - | - | - | - | - |
| Dividend per Share | 60.00 | - | - | - | - | 10.00 | - | - | - | - | 70.00 | - | - | - | - | - | 70.00 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 31/10/19 | 30/04/20 | 30/10/20 | 30/04/21 | 29/10/21 | 29/10/21 | 31/01/22 | 28/04/22 | 29/07/22 | 31/10/22 | 31/10/22 | 31/01/23 | 28/04/23 | 28/04/23 | 31/07/23 | 31/10/23 | 31/10/23 | 31/01/24 | 30/04/24 | 30/04/24 | - | - | - | - | - | - |
1JPY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 13,221 | 6,699 | 18,340 | 25,091 | 15,469 | 15,456 | 28,241 | 26,224 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 6,609 | 488 | 11,468 | 5,426 | -4,730 | 6,499 | 18,100 | 10,989 |
| ROE (net income / shareholders' equity) | 10.9% | 0.5% | -1.7% | 7.1% | 8.6% | 7.6% | 6.25% | 6.57% |
| ROA (Net income/ Total Assets) | 8.15% | 1.56% | -0.51% | 4.71% | 5.91% | 5.32% | 4.4% | 4.4% |
| Assets 1 | 208,354 | 53,097 | 530,083 | 255,449 | 272,125 | 300,223 | 318,182 | 340,606 |
| Book Value Per Share 2 | 6,550 | 6,172 | 6,663 | 7,433 | 8,261 | 9,325 | 9,796 | 9,879 |
| Cash Flow per Share | 926.0 | 306.0 | 171.0 | 796.0 | 1,002 | 1,017 | - | - |
| Capex 1 | 8,324 | 7,440 | 5,394 | 8,467 | 7,678 | 9,577 | 22,900 | 13,500 |
| Capex / Sales | 4.07% | 4.67% | 4.62% | 4.54% | 3.37% | 4.25% | 10.19% | 5.72% |
| Announcement Date | 26/04/19 | 30/04/20 | 30/04/21 | 28/04/22 | 28/04/23 | 30/04/24 | - | - |
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
D-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
6,400
JPY
Average target price
6,133
JPY
Spread / Average Target
-4.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.39% | 986M | |
| +77.49% | 4.37B | |
| +6.05% | 2.1B | |
| +8.87% | 2.1B | |
| -11.50% | 1.49B | |
| -0.63% | 1.49B | |
| +19.08% | 1.41B | |
| -29.42% | 1.34B | |
| -16.74% | 1.28B | |
| -0.94% | 1.21B |
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