Komatsu Ltd.

¥5,801As of Sun 8 Nov 2026, 12:00 UTC

TSE:6301Industrials

Country Japan

PE (Fwd) •••

TSR 10Y CAGR 13.27%

Div yield 3.28%

ROE 11.85%

Industrial (Machinery)

Beta (5Y) 0.95

PE TTM 13.26

TSR TTM 15.44%

Mkt cap ¥5.172T

ROIC 8.92%

SE Grade™

Value

Quality

Moat

Consensus

Reference

¥5,540

(4.50%)

103.24%

Hold 2|2|2|7|6

TTM

FYE 31 Mar JPY

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

792.1

Revenue¥B

1,824

1,875

1,906

1,921

1,924

1,904

1,878

1,844

1,827

1,856

867.5

(0.73%)

0.05%

19.29

Revenue growth%

18.73

19.85

20.47

17.93

17.69

19.90

17.61

14.89

16.34

14.64

5.80

16.34

17.81

10.60

Gross margin%

2.33

0.40

3.02

5.66

6.98

2.48

3.02

0.40

19.47

Operating margin%

31.50

29.38

31.46

32.86

32.16

32.15

32.55

35.45

33.98

35.52

29.40

33.98

32.35

16.12

Net margin%

16.16

14.08

11.15

12.79

11.03

10.59

12.60

11.56

9.06

16.49

11.03

12.08

21.03

P/E ratio (avg)x

5.475

4.729

4.550

4.138

4.387

4.725

4.565

3.979

4.095

4.369

34.41

4.369

4.468

33.61

EV/EBITx

26.22

29.82

34.29

33.91

32.29

31.61

32.53

30.35

31.27

31.09

21.26

31.27

31.44

26.89

FCF yield (avg)%

18.06

20.21

18.90

16.25

16.06

18.16

20.56

20.72

19.50

20.53

18.42

20.53

19.20

9.63

FCF margin%

21.76

23.72

21.73

21.38

18.41

18.07

16.88

18.86

20.14

22.09

25.54

18.86

20.76

1.155

FCF / Net incomex

1.455

1.540

1.497

1.484

1.548

1.692

1.976

2.340

2.342

2.666

1.202

2.340

1.620

11.46

ROIC%

12.87

12.06

9.31

9.41

9.23

8.33

8.91

10.19

10.99

10.53

24.96

10.19

9.80

27.95

Return on equity%

30.50

28.37

27.39

26.42

29.32

27.33

29.78

28.58

27.68

28.79

11.69

28.58

28.47

5.98

Return on assets%

7.31

6.29

6.61

6.21

4.30

3.19

5.60

7.60

6.59

9.44

13.82

6.59

6.44

540.74

EPS¥

777.01

745.46

706.15

736.38

794.84

784.36

846.64

822.33

772.75

708.74

557.08

(2.27%)

(1.04%)

—

14.32

EPS growth%

23.08

24.65

22.21

24.61

26.83

24.48

24.74

27.35

25.16

23.93

4.47

24.74

24.63

973.14

Bookvalue per sh¥

338.52

337.57

294.91

308.11

334.63

323.14

316.35

329.24

283.57

262.56

894.74

(4.74%)

(3.32%)

—

400.51

FCF per share¥

370.13

385.78

415.29

432.26

443.52

432.23

472.58

497.18

501.54

515.70

909.46

3.06%

4.28%

—

847.46

Dividend per sh¥

546.09

608.72

553.71

521.06

570.14

614.21

629.96

661.60

640.45

727.83

907.90

5.00%

3.64%

—

22.65

Div yield (avg)%

15.10

15.15

16.64

19.55

22.06

22.19

21.10

19.49

16.60

16.38

8.02

19.49

18.06

4.33

Payout ratio%

1.72

0.40

1.09

1.29

0.40

3.21

5.41

6.20

4.86

3.74

15.47

4.86

2.46

0.894

Shares (diluted)B

1.194

1.257

1.282

1.259

1.212

1.290

1.468

1.537

1.540

1.648

0.884

6.33%

3.53%

9.00

Buyback yield%

20.16

19.52

22.34

21.95

21.54

22.47

23.25

22.02

21.20

23.78

28.41

22.47

21.99

1.499

D/E ratiox

1.909

2.079

2.273

2.083

2.251

2.244

2.375

2.414

2.755

2.528

0.900

2.414

2.262

1,772

Enterprise value¥B

1,188

1,213

1,138

1,205

1,167

1,040

1,055

1,075

978.0

1,020

1,657

(2.67%)

(2.39%)

1,028

LT debt¥B

2,118

2,369

2,276

2,186

2,056

2,173

2,297

2,312

2,092

2,194

332.6

1.31%

0.58%

Peers (US$32.84B)

Cap (US$)

Daikin Industries,Ltd.

38.51B

21.84x

Fanuc Corporation

31.19B

24.84x

SMC Corporation

22.07B

17.43x

Mitsubishi Heavy…

62.16B

23.28x

Capital

TTM

10Y

Leveragex

0.508

0.101

0.073

EBIT/Intx

1.435

0.084

0.113

Own earn%

59.09

142.73

104.68

Sh yield%

31.65

41.51

40.83

Owners

Insiders/Inst%

1.32

24.51

Short interest%

1.59

SBC / revenue%

2.25

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

29–36

$1 testx

0.2

Incr. ROIC%

−1

Komatsu Ltd. engages in the manufacturing and sale of construction, mining, utility, forestry, and industrial machinery worldwide. It operates in three segments: Construction Machinery and Vehicles, Retail Finance, and Industrial Machinery and Others.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥1.856T

0.05%

1.00×

Cost of revenue

¥1.299T

0.05%

1.00×

Operating expenses

¥390.5B

(0.38%)

0.96×