WATCH Kobe Steel, Ltd. (5406.T)
Basic Materials · Steel · JPX · Japan
48
Final Score
2.9%
Margin of Safety
46
Quality Score
¥2,064
Current Price
¥816.2B
Market Cap
Key Metrics
Pe Ratio
8.68
Forward Pe
7.48
Pb Ratio
0.65
Ev Ebitda
6.19
Roe
5.7%
Gross Margin
16.3%
Operating Margin
3.1%
Net Margin
2.8%
Dividend Yield
396.0%
Debt To Equity
55.39
Current Ratio
1.60
Beta
0.58
📈 Trend Charts
Revenue Trend
EPS Trend
Net Income Trend
Free Cash Flow Trend
Intrinsic Value Estimates
Low
¥1,701
Base
¥2,126
High
¥2,552
Pipeline Stage Details
Stage A — Hard Filters ✅
Pe Ratio
8.68
Eps Positive Years
4.00
Eps Lookback
4.00
Fcf Positive Years
4.00
Fcf Lookback
4.00
Debt To Equity
0.55
Current Ratio
1.60
Dilution Cagr
0.00
Stage B — Quality Score: 46/100
Stage C — Cyclicality: MED
Normalized EPS
¥250.90
Stage F — Final Score Breakdown
| Component | Weighted Score |
|---|---|
| Valuation | 10.5 |
| Earnings Quality | 11.4 |
| Balance Sheet | 13.0 |
| Stability | 8.2 |
| Moat Proxies | 5.2 |
Top Drivers
- Modest discount: 3% margin of safety (price ¥2,064 vs intrinsic ¥2,126).
- Low P/E of 8.7x — classic Graham deep-value territory. The market is pricing in pessimism, yet the business continues to generate positive earnings.
- Conservative leverage: D/E ratio of 0.55x is well within Graham's maximum of 1.0x, reducing insolvency risk.
Top Risks
- Moderate cyclicality (Cyclical sector: Basic Materials) — earnings may fluctuate.
Financial History
| Year | Revenue | Gross Profit | Operating Income | Net Income | EPS |
|---|---|---|---|---|---|
| 2023 | ¥2.5T | ¥321.3B | ¥86.4B | ¥72.6B | ¥183.80 |
| 2024 | ¥2.5T | ¥436.0B | ¥186.6B | ¥109.6B | ¥277.38 |
| 2025 | ¥2.6T | ¥423.2B | ¥158.7B | ¥120.2B | ¥304.64 |
| 2026 | ¥2.4T | ¥403.2B | ¥129.9B | ¥93.7B | ¥237.80 |
Cash Flow History
| Year | Operating CF | CapEx | Free Cash Flow |
|---|---|---|---|
| 2022 | N/A | N/A | N/A |
| 2023 | ¥119.7B | ¥-99.0B | ¥20.7B |
| 2024 | ¥205.3B | ¥-94.9B | ¥110.4B |
| 2025 | ¥148.3B | ¥-113.3B | ¥35.0B |
| 2026 | ¥201.7B | ¥-124.4B | ¥77.2B |