Harmonic Drive Systems Inc
TSE:6324

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Harmonic Drive Systems Inc Logo
Harmonic Drive Systems Inc
TSE:6324
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Price: 3 200 JPY 15.48% Market Closed
Market Cap: 304B JPY
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Relative Value

The Relative Value of one Harmonic Drive Systems Inc stock under the Base Case scenario is 1 374.55 JPY. Compared to the current market price of 3 200 JPY, Harmonic Drive Systems Inc is Overvalued by 57%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
1 374.55 JPY
Overvaluation 57%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.7
P/S
P/S
Price to Sales
5.7
vs History
98
vs Industry
6
Median 3Y
6.3
Median 5Y
7.7
Industry
1.6
Forward
5.2
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
1
Median 3Y
55.8
Median 5Y
55.8
Industry
20.7
Forward
141.8
More Details
39.8
P/OCF
P/OCF
Price to OCF
39.8
vs History
88
vs Industry
16
Median 3Y
36.3
Median 5Y
42.9
Industry
14.8
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
3
Median 3Y
55.1
Median 5Y
78.1
Industry
21.3
More Details
3.8
P/B
P/B
Price to Book Value
3.8
vs History
98
vs Industry
11
Median 3Y
4.1
Median 5Y
4.7
Industry
1.8
More Details
5.7
EV/S
EV/S
Enterprise Value to Sales
5.7
vs History
98
vs Industry
6
Median 3Y
6.3
Median 5Y
7.8
Industry
1.7
Forward
5.2
More Details
22
EV/GP
EV/GP
Enterprise Value to Gross Profit
22
vs History
98
vs Industry
6
Median 3Y
18.6
Median 5Y
23
Industry
6.2
More Details
41.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
41.2
vs History
73
vs Industry
9
Median 3Y
25.1
Median 5Y
35.1
Industry
12.4
Forward
30.6
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
0
Median 3Y
45.3
Median 5Y
45.3
Industry
16
Forward
136.6
More Details
39.7
EV/OCF
EV/OCF
Enterprise Value to OCF
39.7
vs History
85
vs Industry
16
Median 3Y
36.6
Median 5Y
42.9
Industry
14.8
More Details
111.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
111.8
vs History
57
vs Industry
9
Median 3Y
91.2
Median 5Y
78
Industry
18.1
More Details
3.2
EV/IC
EV/IC
Enterprise Value to IC
3.2
vs History
98
vs Industry
10
Median 3Y
3.3
Median 5Y
3.8
Industry
1.4
More Details

Multiples Across Competitors

Competitors Multiples
Harmonic Drive Systems Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
JP
Harmonic Drive Systems Inc
TSE:6324
304B JPY 5.7 -11.7 41.2 -219.1
US
Parker-Hannifin Corp
NYSE:PH
83.1B USD 4.2 28.7 18.1 22.2
US
Illinois Tool Works Inc
NYSE:ITW
76.4B USD 4.8 22.1 17.8 19.4
SE
Atlas Copco AB
STO:ATCO A
821.4B SEK 4.7 28.6 18.3 22.5
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
7.5T JPY 1.5 31.6 14.7 21.5
US
Otis Worldwide Corp
NYSE:OTIS
37.2B USD 2.6 22.8 18.9 20.6
US
Ingersoll Rand Inc
NYSE:IR
37B USD 5.2 44.1 21.3 28.4
CH
Schindler Holding AG
SIX:SCHP
26.8B CHF 2.4 44 19.4 26.8
US
Xylem Inc
NYSE:XYL
28.6B USD 3.4 34.4 17.2 25.5
US
Dover Corp
NYSE:DOV
25.8B USD 3.1 16.6 16.5 20.4
US
Fortive Corp
NYSE:FTV
25.8B USD 4.2 29 16.7 24.1
P/E Multiple
Earnings Growth P/E to Growth
JP
Harmonic Drive Systems Inc
TSE:6324
Average P/E: 30.2
Negative Multiple: -11.7 		N/A N/A
US
Parker-Hannifin Corp
NYSE:PH
28.7
50%
0.6
US
Illinois Tool Works Inc
NYSE:ITW
22.1
16%
1.3
SE
Atlas Copco AB
STO:ATCO A
28.6
23%
1.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
31.6
63%
0.5
US
Otis Worldwide Corp
NYSE:OTIS
22.8
31%
0.7
US
Ingersoll Rand Inc
NYSE:IR
44.1
108%
0.4
CH
Schindler Holding AG
SIX:SCHP
44
75%
0.6
US
Xylem Inc
NYSE:XYL
34.4
113%
0.3
US
Dover Corp
NYSE:DOV
16.6
35%
0.5
US
Fortive Corp
NYSE:FTV
29
84%
0.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
JP
Harmonic Drive Systems Inc
TSE:6324
Average EV/EBITDA: 20
41.2
98%
0.4
US
Parker-Hannifin Corp
NYSE:PH
18.1
28%
0.7
US
Illinois Tool Works Inc
NYSE:ITW
17.8
15%
1.2
SE
Atlas Copco AB
STO:ATCO A
18.3
16%
1.1
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
14.7
64%
0.2
US
Otis Worldwide Corp
NYSE:OTIS
18.9
21%
0.9
US
Ingersoll Rand Inc
NYSE:IR
21.3
43%
0.5
CH
Schindler Holding AG
SIX:SCHP
19.4
43%
0.5
US
Xylem Inc
NYSE:XYL
17.2
74%
0.2
US
Dover Corp
NYSE:DOV
16.5
16%
1
US
Fortive Corp
NYSE:FTV
16.7
30%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
JP
Harmonic Drive Systems Inc
TSE:6324
Average EV/EBIT: 23.1
Negative Multiple: -219.1 		N/A N/A
US
Parker-Hannifin Corp
NYSE:PH
22.2
36%
0.6
US
Illinois Tool Works Inc
NYSE:ITW
19.4
15%
1.3
SE
Atlas Copco AB
STO:ATCO A
22.5
18%
1.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
21.5
N/A N/A
US
Otis Worldwide Corp
NYSE:OTIS
20.6
21%
1
US
Ingersoll Rand Inc
NYSE:IR
28.4
72%
0.4
CH
Schindler Holding AG
SIX:SCHP
26.8
62%
0.4
US
Xylem Inc
NYSE:XYL
25.5
108%
0.2
US
Dover Corp
NYSE:DOV
20.4
22%
0.9
US
Fortive Corp
NYSE:FTV
24.1
46%
0.5

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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