Analysis Toray Industries, Inc. (3402)
6/3/2024
Analysis of Toray Industries, Inc. (3402)
Toray Industries, Inc. (symbol: 3402) has shown a positive trend in recent days. The closing prices have been increasing, reaching 801.50 on the most recent trading day. The Relative Strength Index (RSI) is indicating a value of 63.83, suggesting that the stock is neither overbought nor oversold.The Moving Average Convergence Divergence (MACD) indicator is also positive, with a value of 15.97 and a positive MACD histogram, indicating a bullish momentum. The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) are all showing an upward trend, supporting the bullish outlook.
Overall, based on the technical indicators, Toray Industries, Inc. appears to be in a strong position with potential for further growth in the near term. However, as with any investment, it is important to consider other factors such as market conditions, industry trends, and company fundamentals before making any investment decisions.
Revenue estimate
The analysts' estimates for the future quarterly and annual sales of the company indicate a moderate growth trend.For the current quarter ending on June 30, 2024, the average sales estimate is $77,545,400,000, representing a 2% increase from the same quarter last year. The number of analysts providing estimates is 25.
Looking ahead to the next quarter ending on September 30, 2024, the average sales estimate is $85,501,800,000, with a sales growth of 3% compared to the previous year. The number of analysts remains at 25.
For the current fiscal year ending on September 30, 2024, the average sales estimate is $357,772,000,000, showing a 1% growth from the previous year. The number of analysts providing estimates has increased to 38.
In the following fiscal year ending on September 30, 2025, the average sales estimate is $380,772,000,000, indicating a more significant growth of 6% from the previous year. The number of analysts remains at 38.
Overall, the estimates suggest a steady growth trajectory for the company's sales in the upcoming quarters and years, with a slightly more optimistic outlook for the next fiscal year.
Growth estimates
Based on the consensus estimates provided by analysts, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.1%.
2. Next Quarter: The estimated growth rate for the next quarter is 5.2%.
3. Current Year: The estimated growth rate for the current year is 7.6%.
4. Next Year: The estimated growth rate for the next year is 9.7%.
5. Past 5 Years (per annum): The average annual growth rate for the past 5 years is 20.1%.
6. Next 5 Years (per annum): The estimated average annual growth rate for the next 5 years is 9.7%.
These estimates suggest that the company has been experiencing strong growth in the past, but analysts expect the growth rate to moderate slightly in the coming years, although it is still expected to be healthy.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $275
- Median: $201.43
- Average: $204.58
- Current price: $192.25
- Currency: USD
Based on these forecasts, we can see that the analysts have a wide range of opinions on the future price of the security, with the low end of the forecast at $164, the high end at $275, and the average at $204.58. The current price of the security is $192.25, which is below the median and average forecasted prices. Investors should consider these forecasts along with other factors when making investment decisions.
Earnings
The company's results for the most recent quarter ending on April 30, 2025, have not been provided yet. The previous results from February 27, 2025, were related to the transfer agent. The results from January 31, 2025, were released after hours. The results from October 31, 2024, were not supplied at the time. However, on August 1, 2024, the company reported an earnings per share (EPS) estimate of 1.32.Main Statystic ðŸ§
The data provided includes financials, stock statistics, valuation metrics, stock price summary, and dividends and splits information for a specific company.In terms of financials, the company has strong cash flow with operating cash flow at $110.56 billion and levered free cash flow at $84.73 billion. The balance sheet shows a total cash of $67.15 billion, total debt of $104.59 billion, and a current ratio of 1.037. The profit margin is 26.31%, with a return on assets of 22.07% and return on equity of 147.25%. The company's fiscal year ends on September 30, 2023.
Moving on to stock statistics, the short ratio is 1.53, with 99.29 million shares shorted out of 15.31 billion float shares. The stock has a beta of 1.264, with an average 10-day trading volume of 46.86 million shares.
Valuation metrics indicate a PEG ratio of 26.32, forward P/E of 26.32, and trailing P/E of 29.59. The enterprise value is $2.95 trillion, with a market capitalization of $2.92 trillion. The stock is priced at 39.34 times its book value and 7.65 times its sales.
The stock price summary shows a 52-week low of $164.08, a high of $199.62, and a 52-week change of 6.85%. The stock's 50-day moving average is $176.26, while the 200-day moving average is $181.04.
Lastly, in terms of dividends and splits, the company has a payout ratio of 14.93% and a forward annual dividend rate of $1. The ex-dividend date is May 10, 2024, with a dividend date of May 16, 2024. The stock had a 4-for-1 split on August 31, 2020. The trailing annual dividend yield is 0.51%, while the 5-year average dividend yield is 0.73%.
Income statement 💸
These are the revenues. Here are the conclusions:1. The company's sales revenue has been increasing steadily over the years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. Despite fluctuations in other financial metrics, the gross profit has generally followed the trend of increasing sales revenue.
3. The company has been able to maintain a healthy EBITDA margin, with EBITDA increasing from $81.0 billion in 2020 to $129.2 billion in 2023.
4. Net income has also shown a positive trend, increasing from $57.4 billion in 2020 to $97.0 billion in 2023.
5. Earnings per share (EPS) have slightly fluctuated but have generally shown an upward trend, indicating growth in profitability per share.
6. The company has managed its operating expenses effectively, with operating income increasing over the years.
7. Despite variations in other income and expenses, the company has been able to generate consistent net income from its continuous operations.
8. The company has been able to effectively manage its tax expenses, with income tax payments increasing in line with the growth in revenue.
9. The number of basic and diluted shares outstanding has remained relatively stable over the years.
Overall, the financial performance of the company, as indicated by its revenues, shows a positive growth trajectory with effective cost management and profitability.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, reaching $365,725,000,000 in 2018.
2. Current assets include cash, inventory, and receivables, with a significant portion in cash equivalents and short-term investments.
3. Non-current assets consist mainly of investments and advances, along with machinery, furniture, and equipment.
4. Total liabilities have also been increasing, but at a slower pace compared to assets.
5. Shareholders' equity has shown a positive trend, indicating a healthy financial position.
6. The company has been managing its short-term and long-term debts effectively.
7. Accumulated depreciation has been significant, affecting the value of non-current assets.
8. The company has been investing in leases, land, and improvements over the years.
9. Retained earnings have fluctuated but have generally shown an upward trend.
10. The company has been maintaining a balance between current and non-current assets and liabilities.
Cash Flow 💶
This is a cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing, indicating improved operational efficiency.
3. Financing activities show a pattern of common stock repurchase and issuance, as well as long-term debt issuance and payments.
4. Investing activities reflect significant investments in the sale and purchase of investments, with capital expenditures also playing a role.
5. The end cash position has varied over the years, reaching its peak in 2020 and its lowest point in 2022.
6. Interest paid and income tax paid figures provide insights into the company's financial obligations.
7. Stock-based compensation has been a consistent part of the company's operating activities.
8. Overall, the cash flow statement reveals the company's financial health, investment strategies, and sources of cash inflows and outflows over the years.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share:1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.23, with a low estimate of $1.18 and a high estimate of $1.26. This shows an improvement compared to the EPS of $1.17 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.42, with a low estimate of $1.33 and a high estimate of $1.51. This also indicates growth from the EPS of $1.35 in the same quarter last year.
3. Looking at the estimates for the current year ending on September 30, 2024, the average EPS estimate is $6.10, ranging from a low estimate of $5.95 to a high estimate of $6.41. This reflects an increase from the EPS of $5.67 for the previous year.
4. For the next year ending on September 30, 2025, the average EPS estimate is $6.69, with a low estimate of $5.92 and a high estimate of $7.31. This suggests a slight improvement from the EPS of $6.10 in the previous year.
Overall, the analysts' estimates point towards a positive trend of increasing earnings per share for the company in both the short term and the long term.
MACD of 3402
This is not investment advice. Remember to verify the information provided here.
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