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Horiba Ltd
TSE:6856

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Horiba Ltd
TSE:6856
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Price: 21 790 JPY -0.07% Market Closed
Market Cap: ¥920.2B

P/OCF

16.8
Current
34%
More Expensive
vs 3-y average of 12.5

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
16.8
=
Market Cap
¥876.7B
/
Operating Cash Flow
¥54.4B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
16.8
=
Market Cap
¥876.7B
/
Operating Cash Flow
¥54.4B

Valuation Scenarios

Horiba Ltd is trading above its 3-year average

If P/OCF returns to its 3-Year Average (12.5), the stock would be worth ¥16 212.16 (26% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-42%
Maximum Upside
No Upside Scenarios
Average Downside
31%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 16.8 ¥21 790
0%
3-Year Average 12.5 ¥16 212.16
-26%
5-Year Average 9.8 ¥12 737.01
-42%
Industry Average 12.5 ¥16 131.9
-26%
Country Average 11.5 ¥14 830.54
-32%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
JP
Horiba Ltd
TSE:6856
915.1B JPY 16.8 24.7
JP
Keyence Corp
TSE:6861
17.9T JPY 41.6 40.2
US
Keysight Technologies Inc
NYSE:KEYS
57.1B USD 38.8 59.3
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
317.6B CNY 12.8 21.3
US
Teledyne Technologies Inc
NYSE:TDY
29.7B USD 25.1 31.9
SE
Hexagon AB
STO:HEXA B
265.8B SEK 16.8 12.1
CN
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
192.9B CNY -1 370.2 1 890.2
TW
Chroma ATE Inc
TWSE:2360
874.7B TWD 165.6 74.5
UK
Halma PLC
LSE:HLMA
16.8B GBP 33.6 47.6
CN
Huagong Tech Co Ltd
SZSE:000988
116.2B CNY 95.2 79
US
Trimble Inc
NASDAQ:TRMB
15.7B USD 40.6 37

Market Distribution

Higher than 72% of companies in Japan
Percentile
72st
Based on 4 634 companies
72st percentile
16.8
Low
0.1 — 8
Typical Range
8 — 16
High
16 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 8
Median 11.5
70th Percentile 16
Max 277 515 329.3

Horiba Ltd
Glance View

Market Cap
920.2B JPY
Industry
Electrical Equipment

Horiba Ltd. is a fascinating narrative of precision and adaptation within the manufacturing sector. Established in 1945, the company started its journey in Japan, initially focusing on glass electrode pH meters. With a keen eye on innovation and an uncanny ability to diversify, Horiba evolved beyond its humble beginnings into a global powerhouse in measuring instruments and systems. Known for its quality and precision, Horiba serves an array of industries with solutions that address scientific and analytical challenges. The company's expansive portfolio includes products tailored for automotive testing, environmental monitoring, medical diagnostics, and semiconductor manufacturing. Each segment contributes to its revenue stream, cementing Horiba's reputation for reliability and competence. Horiba's wealth of expertise in analytical technologies enables it to create niche products that significantly impact critical sectors. For instance, in the automotive sector, Horiba's emission measurement systems are instrumental in helping manufacturers adhere to stringent environmental regulations, generating significant business as industries strive for compliance. In medical diagnostics, its hematology analyzers equip hospitals and laboratories with tools crucial for patient care. Semiconductor manufacturers rely on Horiba's precision equipment to ensure quality and efficiency in their processes, especially as the demand for advanced technology grows. Through its strategic focus on high-quality, specialized products, Horiba Ltd. has successfully carved out lucrative niches in the global market, illustrating the power of innovation and specialization.

Intrinsic Value
13 953.98 JPY
Overvaluation 36%
Intrinsic Value
Price ¥21 790
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