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Horiba Ltd 6856

Morningstar Rating
JPY 11,770.00 −195.00 (1.63%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

6856 is trading at a 24% premium.
Price
JPY 11,939.97
Fair Value
JPY 12,943.53
Uncertainty
High
1-Star Price
JPY 71,933.25
5-Star Price
JPY 18,787.59
Economic Moat
Qsr
Capital Allocation
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Trading Information

Previous Close Price
JPY 11,965.00
Day Range
JPY 11,755.0011,995.00
52-Week Range
JPY 7,212.0016,225.00
Bid/Ask
JPY 11,770.00 / JPY 11,815.00
Market Cap
JPY 493.78 Bil
Volume/Avg
260,300 / 269,741

Key Statistics

Price/Earnings (Normalized)
14.58
Price/Sales
1.69
Dividend Yield (Trailing)
2.46%
Dividend Yield (Forward)
3.14%
Total Yield
2.46%

Company Profile

Horiba Ltd provides analytical and measurement equipment. The automotive test systems segment contributes the largest percentage of revenue and supplies engine, driveline, brake, wind tunnel balance, and emissions test systems. The scientific segment sells instruments like pH meters, X-ray microscopes, and spectrometers. The semiconductor segment supplies mass flow controllers that are used in the semiconductor manufacturing process. The medical-diagnostic segment sells blood testing instruments and reagents for the in vitro diagnostics market. The process and environmental segment provides solutions associated with environmental regulations, such as air-pollution and water-quality analyzers. Horiba generates the largest proportion of its sales in Japan.
Sector
Technology
Industry
Scientific & Technical Instruments
Stock Style Box
Mid Growth
Total Number of Employees
8,665

Comparables

Valuation

Metric
6856
4694
4442
Price/Earnings (Normalized)
14.5814.6016.61
Price/Book Value
1.710.884.18
Price/Sales
1.690.811.12
Price/Cash Flow
12.207.6815.82
Price/Earnings
6856
4694
4442

Financial Strength

Metric
6856
4694
4442
Quick Ratio
2.003.201.69
Current Ratio
3.203.461.85
Interest Coverage
64.77230.00126.00
Quick Ratio
6856
4694
4442

Profitability

Metric
6856
4694
4442
Return on Assets (Normalized)
10.96%6.97%15.51%
Return on Equity (Normalized)
17.63%9.54%27.55%
Return on Invested Capital (Normalized)
14.08%9.19%22.22%
Return on Assets
6856
4694
4442
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