HORIBA, Ltd. Logo

HORIBA, Ltd.

6856.T

(3.0)
Stock Price

8.228,00 JPY

7.42% ROA

11.96% ROE

11.85x PER

Market Cap.

408.157.341.579,00 JPY

22.01% DER

2.98% Yield

11.4% NPM

HORIBA, Ltd. Stock Analysis

HORIBA, Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

HORIBA, Ltd. Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (16.91%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 DER

The stock has a low debt to equity ratio (22%), which means it has a small amount of debt compared to the ownership it holds

3 Assets Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

4 Dividend

With a solid track record of dividend payments over the past five years, the company has established itself as a dependable choice for investors seeking consistent income.

5 ROA

The stock's ROA (9.7%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

6 PBV

The stock's PBV ratio (1.45x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

7 Graham Number

The company's Graham number indicates that it is undervalued compared to its stock price, suggesting a potentially favorable investment opportunity.

8 Buffet Intrinsic Value

The company's stock seems undervalued (73.836) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

9 Revenue Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

10 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

11 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

HORIBA, Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

HORIBA, Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

HORIBA, Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

HORIBA, Ltd. Revenue
Year Revenue Growth
2004 92.492.497.000
2005 105.664.560.000 12.47%
2006 116.099.308.000 8.99%
2007 144.283.000.000 19.53%
2008 134.247.000.000 -7.48%
2009 104.538.000.000 -28.42%
2010 118.556.000.000 11.82%
2011 123.456.000.000 3.97%
2012 117.609.000.000 -4.97%
2013 138.136.000.000 14.86%
2014 153.065.000.000 9.75%
2015 170.898.000.000 10.43%
2016 170.093.000.000 -0.47%
2017 195.399.000.000 12.95%
2018 210.570.000.000 7.2%
2019 200.241.000.000 -5.16%
2020 187.080.000.000 -7.03%
2021 224.314.000.000 16.6%
2022 270.133.000.000 16.96%
2023 278.296.000.000 2.93%
2023 290.558.000.000 4.22%
2024 289.872.000.000 -0.24%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

HORIBA, Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 10.092.000.000 100%
2013 10.774.000.000 6.33%
2014 11.986.000.000 10.11%
2015 12.341.000.000 2.88%
2016 12.933.000.000 4.58%
2017 13.911.000.000 7.03%
2018 15.183.000.000 8.38%
2019 16.254.000.000 6.59%
2020 15.594.000.000 -4.23%
2021 16.710.000.000 6.68%
2022 18.585.000.000 10.09%
2023 0 0%
2023 20.436.000.000 100%
2024 23.144.000.000 11.7%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

HORIBA, Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
2004 0
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

HORIBA, Ltd. EBITDA
Year EBITDA Growth
2004 12.198.553.000
2005 14.703.692.000 17.04%
2006 14.519.888.000 -1.27%
2007 20.903.000.000 30.54%
2008 15.878.000.000 -31.65%
2009 10.486.000.000 -51.42%
2010 17.317.000.000 39.45%
2011 19.248.000.000 10.03%
2012 15.573.000.000 -23.6%
2013 17.895.000.000 12.98%
2014 21.904.000.000 18.3%
2015 25.773.000.000 15.01%
2016 25.782.000.000 0.03%
2017 34.569.000.000 25.42%
2018 35.995.000.000 3.96%
2019 29.809.000.000 -20.75%
2020 29.484.000.000 -1.1%
2021 42.991.000.000 31.42%
2022 58.865.000.000 26.97%
2023 44.636.000.000 -31.88%
2023 59.900.000.000 25.48%
2024 48.032.000.000 -24.71%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

HORIBA, Ltd. Gross Profit
Year Gross Profit Growth
2004 38.637.057.000
2005 44.925.322.000 14%
2006 49.588.546.000 9.4%
2007 66.919.000.000 25.9%
2008 59.574.000.000 -12.33%
2009 45.825.000.000 -30%
2010 52.403.000.000 12.55%
2011 55.564.000.000 5.69%
2012 49.389.000.000 -12.5%
2013 57.511.000.000 14.12%
2014 65.181.000.000 11.77%
2015 71.330.000.000 8.62%
2016 69.754.000.000 -2.26%
2017 83.292.000.000 16.25%
2018 89.940.000.000 7.39%
2019 82.617.000.000 -8.86%
2020 76.432.000.000 -8.09%
2021 93.223.000.000 18.01%
2022 116.674.000.000 20.1%
2023 122.680.000.000 4.9%
2023 127.384.000.000 3.69%
2024 123.408.000.000 -3.22%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

HORIBA, Ltd. Net Profit
Year Net Profit Growth
2004 3.523.744.000
2005 6.473.422.000 45.57%
2006 6.510.280.000 0.57%
2007 8.690.000.000 25.08%
2008 6.039.000.000 -43.9%
2009 3.161.000.000 -91.05%
2010 7.927.000.000 60.12%
2011 8.664.000.000 8.51%
2012 7.396.000.000 -17.14%
2013 8.999.000.000 17.81%
2014 10.589.000.000 15.02%
2015 12.882.000.000 17.8%
2016 12.962.000.000 0.62%
2017 16.281.000.000 20.39%
2018 22.313.000.000 27.03%
2019 15.481.000.000 -44.13%
2020 13.188.000.000 -17.39%
2021 21.311.000.000 38.12%
2022 34.072.000.000 37.45%
2023 31.864.000.000 -6.93%
2023 40.302.000.000 20.94%
2024 24.476.000.000 -64.66%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

HORIBA, Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2004 98
2005 161 39.13%
2006 154 -4.55%
2007 205 24.88%
2008 143 -44.37%
2009 75 -91.89%
2010 187 60.43%
2011 205 8.33%
2012 175 -17.24%
2013 213 17.92%
2014 250 15.2%
2015 315 20.63%
2016 308 -2.61%
2017 386 20.47%
2018 529 27.03%
2019 367 -44.14%
2020 313 -17.63%
2021 505 38.22%
2022 807 37.42%
2023 0 0%
2023 954 100%
2024 583 -63.46%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

HORIBA, Ltd. Free Cashflow
Year Free Cashflow Growth
2004 3.506.306.000
2005 2.887.350.000 -21.44%
2006 -1.242.237.000 332.43%
2007 4.481.000.000 127.72%
2008 1.298.000.000 -245.22%
2009 9.284.000.000 86.02%
2010 8.497.000.000 -9.26%
2011 2.524.000.000 -236.65%
2012 5.942.000.000 57.52%
2013 7.501.000.000 20.78%
2014 1.803.000.000 -316.03%
2015 -2.343.000.000 176.95%
2016 2.497.000.000 193.83%
2017 16.269.000.000 84.65%
2018 9.258.000.000 -75.73%
2019 13.704.000.000 32.44%
2020 17.208.000.000 20.36%
2021 22.696.000.000 24.18%
2022 21.883.000.000 -3.72%
2023 7.481.000.000 -192.51%
2024 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

HORIBA, Ltd. Operating Cashflow
Year Operating Cashflow Growth
2004 7.215.949.000
2005 8.672.639.000 16.8%
2006 3.769.542.000 -130.07%
2007 13.581.000.000 72.24%
2008 7.521.000.000 -80.57%
2009 13.711.000.000 45.15%
2010 11.964.000.000 -14.6%
2011 6.954.000.000 -72.04%
2012 13.395.000.000 48.09%
2013 15.076.000.000 11.15%
2014 11.455.000.000 -31.61%
2015 14.770.000.000 22.44%
2016 15.871.000.000 6.94%
2017 28.287.000.000 43.89%
2018 19.536.000.000 -44.79%
2019 26.638.000.000 26.66%
2020 32.253.000.000 17.41%
2021 35.268.000.000 8.55%
2022 33.966.000.000 -3.83%
2023 16.652.000.000 -103.98%
2024 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

HORIBA, Ltd. Capital Expenditure
Year Capital Expenditure Growth
2004 3.709.643.000
2005 5.785.289.000 35.88%
2006 5.011.779.000 -15.43%
2007 9.100.000.000 44.93%
2008 6.223.000.000 -46.23%
2009 4.427.000.000 -40.57%
2010 3.467.000.000 -27.69%
2011 4.430.000.000 21.74%
2012 7.453.000.000 40.56%
2013 7.575.000.000 1.61%
2014 9.652.000.000 21.52%
2015 17.113.000.000 43.6%
2016 13.374.000.000 -27.96%
2017 12.018.000.000 -11.28%
2018 10.278.000.000 -16.93%
2019 12.934.000.000 20.54%
2020 15.045.000.000 14.03%
2021 12.572.000.000 -19.67%
2022 12.083.000.000 -4.05%
2023 9.171.000.000 -31.75%
2024 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

HORIBA, Ltd. Equity
Year Equity Growth
2004 54.807.499.000
2005 65.606.271.000 16.46%
2006 72.375.384.000 9.35%
2007 80.381.000.000 9.96%
2008 76.841.000.000 -4.61%
2009 79.977.000.000 3.92%
2010 84.155.000.000 4.96%
2011 90.460.000.000 6.97%
2012 99.534.000.000 9.12%
2013 114.543.000.000 13.1%
2014 124.312.000.000 7.86%
2015 130.049.000.000 4.41%
2016 133.190.000.000 2.36%
2017 150.864.000.000 11.72%
2018 162.017.000.000 6.88%
2019 171.613.000.000 5.59%
2020 178.667.000.000 3.95%
2021 204.491.000.000 12.63%
2022 240.848.000.000 15.1%
2023 274.649.000.000 12.31%
2023 283.732.000.000 3.2%
2024 303.780.000.000 6.6%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

HORIBA, Ltd. Assets
Year Assets Growth
2004 99.913.142.000
2005 119.976.171.000 16.72%
2006 129.236.391.000 7.17%
2007 154.367.000.000 16.28%
2008 133.278.000.000 -15.82%
2009 129.580.000.000 -2.85%
2010 137.290.000.000 5.62%
2011 144.649.000.000 5.09%
2012 153.836.000.000 5.97%
2013 189.269.000.000 18.72%
2014 207.335.000.000 8.71%
2015 231.032.000.000 10.26%
2016 239.657.000.000 3.6%
2017 265.920.000.000 9.88%
2018 278.136.000.000 4.39%
2019 315.133.000.000 11.74%
2020 328.068.000.000 3.94%
2021 371.585.000.000 11.71%
2022 416.742.000.000 10.84%
2023 441.271.000.000 5.56%
2023 449.030.000.000 1.73%
2024 469.349.000.000 4.33%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

HORIBA, Ltd. Liabilities
Year Liabilities Growth
2004 45.105.643.000
2005 54.369.900.000 17.04%
2006 56.861.007.000 4.38%
2007 73.986.000.000 23.15%
2008 56.437.000.000 -31.09%
2009 49.603.000.000 -13.78%
2010 53.135.000.000 6.65%
2011 54.189.000.000 1.95%
2012 54.302.000.000 0.21%
2013 74.726.000.000 27.33%
2014 83.023.000.000 9.99%
2015 100.983.000.000 17.79%
2016 106.467.000.000 5.15%
2017 115.056.000.000 7.47%
2018 116.119.000.000 0.92%
2019 143.520.000.000 19.09%
2020 149.401.000.000 3.94%
2021 167.094.000.000 10.59%
2022 175.894.000.000 5%
2023 166.622.000.000 -5.56%
2023 165.295.000.000 -0.8%
2024 165.567.000.000 0.16%

HORIBA, Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
7202.72
Net Income per Share
821.02
Price to Earning Ratio
11.85x
Price To Sales Ratio
1.35x
POCF Ratio
21.11
PFCF Ratio
21.11
Price to Book Ratio
1.34
EV to Sales
1.13
EV Over EBITDA
5.83
EV to Operating CashFlow
17.62
EV to FreeCashFlow
17.62
Earnings Yield
0.08
FreeCashFlow Yield
0.05
Market Cap
408,16 Bil.
Enterprise Value
340,62 Bil.
Graham Number
11565.29
Graham NetNet
1805.45

Income Statement Metrics

Net Income per Share
821.02
Income Quality
0.57
ROE
0.12
Return On Assets
0.07
Return On Capital Employed
0.13
Net Income per EBT
0.71
EBT Per Ebit
1.01
Ebit per Revenue
0.16
Effective Tax Rate
0.29

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0.07
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.44
Operating Profit Margin
0.16
Pretax Profit Margin
0.16
Net Profit Margin
0.11

Dividends

Dividend Yield
0.03
Dividend Yield %
2.98
Payout Ratio
0
Dividend Per Share
290

Operating Metrics

Operating Cashflow per Share
460.85
Free CashFlow per Share
460.85
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.09
Return on Tangible Assets
0.07
Days Sales Outstanding
80.53
Days Payables Outstanding
40.69
Days of Inventory on Hand
237.36
Receivables Turnover
4.53
Payables Turnover
8.97
Inventory Turnover
1.54
Capex per Share
0

Balance Sheet

Cash per Share
3.251,38
Book Value per Share
7.241,08
Tangible Book Value per Share
7124.44
Shareholders Equity per Share
7240.62
Interest Debt per Share
1613.54
Debt to Equity
0.22
Debt to Assets
0.14
Net Debt to EBITDA
-1.16
Current Ratio
3.29
Tangible Asset Value
298,89 Bil.
Net Current Asset Value
162,27 Bil.
Invested Capital
342049000000
Working Capital
228,18 Bil.
Intangibles to Total Assets
0.01
Average Receivables
66,78 Bil.
Average Payables
21,79 Bil.
Average Inventory
107534000000
Debt to Market Cap
0.16

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

HORIBA, Ltd. Dividends
Year Dividends Growth
2001 9
2002 9 0%
2003 6 -33.33%
2004 10 40%
2005 19 47.37%
2006 29 34.48%
2007 39 25.64%
2008 44 11.36%
2009 13 -238.46%
2010 17 23.53%
2011 40 57.5%
2012 25 -60%
2013 60 58.33%
2014 67 10.45%
2015 70 4.29%
2016 85 17.65%
2017 116 26.72%
2018 70 -65.71%
2019 130 46.15%
2020 90 -44.44%
2021 130 30.77%
2022 205 36.59%
2023 290 29.31%
2024 265 -9.43%

HORIBA, Ltd. Profile

About HORIBA, Ltd.

HORIBA, Ltd. manufactures and sells instruments and systems for various applications. It operates in five segments: Automotive, Process & Environmental, Medical-Diagnostic, Semiconductor, and Scientific. The Automotive segment offers automotive emission analyzers, emission measurement systems, drive line test systems, engine test and fuel cell test systems, and battery test systems; test systems for engines, chassis, powertrains, brakes, and catalysts; and vehicle development engineering and testing engineering services, as well as leases and manages R&D facilities. The Process & Environmental segment provides stack gas analyzers, industrial water quality analyzers, water quality analysis and examination systems, air pollution analyzers, environmental radiation meters, and process measurement equipment. The Medical-Diagnostic segment offers hematology and CRP, immunology, clinical chemistry, and blood glucose analyzers. The Semiconductor Instruments & Systems segment provides mass flow controllers, chemical concentration monitors, reticle/mask particle detection systems, residual gas analyzers, and vaporizers. The Scientific segment offers Raman spectrometers, pH meters, particle-size distribution analyzers, X-Ray fluorescence analyzers, elemental analyzers, fluorescence spectroscopy/fluorescence lifetime spectroscopy, optical components, spectrometers and detectors, and gratings. The company was founded in 1945 and is headquartered in Kyoto, Japan.

CEO
Mr. Atsushi Horiba
Employee
8.665
Address
2 Miyanohigashi
Kyoto, 601-8510

HORIBA, Ltd. Executives & BODs

HORIBA, Ltd. Executives & BODs
# Name Age
1 Mr. Yasuo Yamashita
Corporate Officer & GM of General Administration Division
70
2 Toshiya Higashino
Corporate Officer
70
3 Mr. Tadao Nakamura
Corporate Officer
70
4 Mr. Takashi Nagano
Executive Corporate Officer
70
5 Hiroyuki Urabe
Corporate Officer
70
6 Dr. George Gillespie OBE
Executive Corporate Officer
70
7 Mr. Atsushi Horiba
Chairman & Group Chief Executive Officer
70
8 Hiroo Chihara
Senior Corporate Officer
70
9 Dr. Masayuki Adachi Ph.D.
President, Chief Operating Officer & Director
70
10 Mr. Juichi Saito
Executive Vice Chairman & Group Chief Operating Officer
70

HORIBA, Ltd. Competitors

ULVAC, Inc. Logo
ULVAC, Inc.

6728.T

(3.0)
OMRON Corporation Logo
OMRON Corporation

6645.T

(2.2)
MINEBEA MITSUMI Inc. Logo
MINEBEA MITSUMI Inc.

6479.T

(2.2)
Shimadzu Corporation Logo
Shimadzu Corporation

7701.T

(2.8)