ScoreWhy is Yamaha Corp. ?
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 13.44
2
Poor long term growth as Net Sales has grown by an annual rate of 2.21% and Operating profit at -9.56% over the last 5 years
3
With a growth in Net Profit of 41.5%, the company declared Very Positive results in Dec 25
- The company has declared positive results in Jan 70 after 3 consecutive negative quarters
- PRE-TAX PROFIT(Q) At JPY 14,827 MM has Grown at 114.88%
- RAW MATERIAL COST(Y) Fallen by -0.89% (YoY)
- INVENTORY TURNOVER RATIO(HY) Highest at 1.77 times
4
With ROE of 3.00%, it has a very attractive valuation with a 1.14 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -6.11%, its profits have fallen by -55.1%
5
Majority shareholders : FIIs
6
Underperformed the market in the last 1 year
- Even though the market (Japan Nikkei 225) has generated returns of 38.94% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -6.11% returns
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Yamaha Corp. should be less than 10%
- Overall Portfolio exposure to Media & Entertainment should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Media & Entertainment)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Yamaha Corp. for you?
Low Risk, High Return
Absolute
Risk Adjusted
Volatility
Yamaha Corp.
-6.11%
73.50
31.08%
Japan Nikkei 225
38.94%
1.38
28.28%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
2.21%
EBIT Growth (5y)
-9.56%
EBIT to Interest (avg)
13.43
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
0.02
Sales to Capital Employed (avg)
0.94
Tax Ratio
40.04%
Dividend Payout Ratio
91.86%
Pledged Shares
0
Institutional Holding
0.01%
ROCE (avg)
12.42%
ROE (avg)
6.59%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
38
Industry P/E
Price to Book Value
1.14
EV to EBIT
11.46
EV to EBITDA
7.23
EV to Capital Employed
1.17
EV to Sales
0.91
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
10.21%
ROE (Latest)
3.00%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend18What is working for the Company
PRE-TAX PROFIT(Q)
At JPY 14,827 MM has Grown at 114.88%
RAW MATERIAL COST(Y)
Fallen by -0.89% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 1.77 times
NET SALES(Q)
Highest at JPY 124,650 MM
OPERATING PROFIT(Q)
Highest at JPY 17,565 MM
OPERATING PROFIT MARGIN(Q)
Highest at 14.09 %
NET PROFIT(Q)
Highest at JPY 10,433 MM
EPS(Q)
Highest at JPY 23.1
-4What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 5.36 times
INTEREST(Q)
At JPY 248 MM has Grown at inf%
Here's what is working for Yamaha Corp.
Pre-Tax Profit
At JPY 14,827 MM has Grown at 114.88%
over average net sales of the previous four periods of JPY 6,900.25 MMMOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (JPY MM)
Net Profit
At JPY 10,433 MM has Grown at 133.86%
over average net sales of the previous four periods of JPY 4,461.25 MMMOJO Watch
Near term Net Profit trend is very positive
Net Profit (JPY MM)
Net Sales
Highest at JPY 124,650 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 17,565 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 14.09 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Net Profit
Highest at JPY 10,433 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (JPY MM)
EPS
Highest at JPY 23.1
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Inventory Turnover Ratio
Highest at 1.77 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -0.89% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Yamaha Corp.
Interest
At JPY 248 MM has Grown at inf%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debtors Turnover Ratio
Lowest at 5.36 times and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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