Valuation Harmonic Drive Systems Inc.

Equities

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-04-10 am EDT			5-day change	1st Jan Change
3,990.00 ^JPY	+1.27%		+7.40%	+5.56%

Mar. 04	Tokai Tokyo Securities Downgrades Harmonic Drive Systems to Neutral from Outperform, Price Target is 4,170 Yen	MT
Feb. 20	Harmonic Drive Systems Inc. Announces Changes in Directors and Audit & Supervisory Board Members, Scheduled Effective Date: Mid-June 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	720,048	406,230	417,808	378,481	300,061	377,720	-	-
Change	-	-43.58%	2.85%	-9.41%	-20.72%	25.88%	-	-
Enterprise Value (EV) ¹	705,518	403,660	424,361	381,939	295,848	372,291	373,527	373,625
Change	-	-42.79%	5.13%	-10%	-22.54%	25.84%	0.33%	0.03%
P/E ratio	1,087x	61.1x	55.2x	-15.3x	86.4x	238x	72.6x	45.5x
PBR	7x	4.11x	4.02x	4.77x	3.8x	4.9x	4.73x	4.44x
PEG	-	0x	3.6x	0x	-1x	-4.4x	0x	0.8x
Capitalization / Revenue	19.4x	7.12x	5.84x	6.78x	5.39x	6.46x	5.47x	4.77x
EV / Revenue	19.1x	7.07x	5.93x	6.85x	5.32x	6.37x	5.41x	4.71x
EV / EBITDA	96.2x	23.8x	21.4x	36.4x	36.8x	38.3x	26.2x	20.1x
EV / EBIT	815x	46.2x	41.5x	3,080x	42,306x	178x	53x	33.9x
EV / FCF	92.8x	78.5x	211x	56.3x	78.9x	128x	64.1x	50.8x
FCF Yield	1.08%	1.27%	0.47%	1.77%	1.27%	0.78%	1.56%	1.97%
Dividend per Share ²	20	21	28	20	20	20	21.75	29.44
Rate of return	0.27%	0.5%	0.64%	0.5%	0.63%	0.5%	0.55%	0.74%
EPS ²	6.88	69.02	79.67	-261	36.57	16.77	54.99	87.74
Distribution rate	291%	30.4%	35.1%	-7.66%	54.7%	119%	39.6%	33.6%
Net sales ¹	37,034	57,087	71,527	55,796	55,646	58,427	69,039	79,242
EBITDA ¹	7,330	16,994	19,800	10,487	8,030	9,725	14,249	18,623
EBIT ¹	865.9	8,739	10,224	124	6.993	2,087	7,050	11,013
Net income ¹	662.5	6,643	7,595	-24,806	3,474	1,588	5,210	8,105
Net Debt ¹	-14,530	-2,570	6,553	3,458	-4,213	-5,429	-4,193	-4,096
Reference price ²	7,480.00	4,220.00	4,395.00	3,985.00	3,160.00	3,990.00	3,990.00	3,990.00
Nbr of stocks (in thousands)	96,263	96,263	95,064	94,976	94,956	94,667	-	-
Announcement Date	5/14/21	5/13/22	5/12/23	5/13/24	5/14/25	-	-	-

¹JPY in Million²JPY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HARMONIC DRIVE SYSTEMS INC.	237.98x	6.37x	38.28x	0.5%	2.37B
MUELLER INDUSTRIES, INC.	17.9x	-	-	-	13.4B
TRELLEBORG AB	21.48x	2.62x	11.3x	2.25%	9.12B
GATES INDUSTRIAL CORPORATION PLC	23.37x	2.14x	9.46x	-.--%	6.47B
SUZHOU KEMATEK, INC.	122.31x	38.6x	92.25x	-	6.01B
SFS GROUP AG	18.81x	1.59x	9.64x	2.25%	6.03B
LEADER HARMONIOUS DRIVE SYSTEMS CO., LTD.	305.18x	65.04x	222.08x	0.11%	5.63B
NBTM NEW MATERIALS GROUP CO., LTD.	38.89x	-	-	-	2.84B
HIWIN TECHNOLOGIES CORPORATION	36.19x	3.2x	16.24x	0.98%	2.7B
Average	91.35x	17.08x	57.03x	1.01%	6.06B
Weighted average by Cap.	71.95x	17.46x	56.39x	1.19%