Skip to Content

Komatsu Ltd ADR KMTUY

Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Komatsu’s Third-Quarter Fiscal 2021 on Track To Meet Full-Year Guidance; Gradual Recovery Intact

Ken Foong, CFA Equity Analyst

Analyst Note

| Ken Foong, CFA |

We increase our fair value estimate for Komatsu to JPY 2,710 per share (USD 26 per ADR) from JPY 2,310 (USD 22 per ADR) after considering the slightly quicker-than-expected recovery in third-quarter fiscal 2021 (ending March) and fine tuning our long-term estimates. Our narrow moat and stable moat trend ratings remain intact. We think the shares are fairly valued at the current price, with a gradual recovery in machinery sales priced in.

Read Full Analysis

Company Profile

Business Description

Tokyo-based Komatsu is the second-largest construction equipment manufacturer in the world by revenue. Its core construction, mining, and utility equipment business contributes around 90% of revenue. The remainder comes from its retail finance business and industrial machinery and others, which includes metal forging, machine tools, stamping presses, and defense-related equipment. The Americas and Asia are Komatsu's main markets, accounting for more than 80% of revenue, followed by Europe and the Commonwealth of Independent States.

3-6 Akasaka 2-chome, Minato-ku
Tokyo, 107-8414, Japan
T +81 355612628
Sector Industrials
Industry Farm & Heavy Construction Machinery
Most Recent Earnings Dec 31, 2020
Fiscal Year End Mar 31, 2020
Stock Type
Employees 68,879