Max Co., Ltd. (6454) AI Stock Analysis

• Market Cap: ¥314.86B
• Dividend Yield: 1.68%
• Average Volume (3M): 52.41K
• Price to Earnings (P/E): 24.0
• Beta (1Y): 0.64
• Revenue Growth: 7.95%
• EPS Growth: 28.36%
• Country: JP
• Employees: 2,456
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Distribution
• EPS (TTM): N/A
• Shares Outstanding: 46,537,426
• 10 Day Avg. Volume: 60,270
• 30 Day Avg. Volume: 52,410
• PEG Ratio: 2.03
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 2.15
• P/FCF Ratio: 16.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ¥7,282.00 ▲(11.01% Upside)

Max Co., Ltd. scores well due to its strong financial performance, characterized by robust profit margins and minimal leverage. Technical analysis shows positive momentum, though valuation metrics suggest the stock is moderately valued. The absence of recent earnings call data and corporate events does not impact the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion and stability.

Profit Margins

Robust profit margins reflect efficient cost management and pricing power, enhancing profitability and competitive positioning over time.

Balance Sheet Strength

Minimal leverage reduces financial risk and enhances the company's ability to invest in growth opportunities, ensuring long-term financial health.

Negative Factors

Free Cash Flow Decline

A decline in free cash flow growth may limit the company's ability to fund new projects or return capital to shareholders, impacting future growth.

Cash Flow Concerns

While cash generation remains strong, the decline in free cash flow growth could signal potential challenges in maintaining cash reserves for strategic initiatives.

Free Cash Flow to Net Income

Although conversion of net income to free cash flow is efficient, declining growth in free cash flow may hinder long-term financial flexibility.

Max Co., Ltd. Business Overview & Revenue Model

Company Description

Max Co., Ltd. (6454) is a prominent player in the manufacturing sector, primarily focusing on the production of high-quality electronic components and devices. The company operates within various sectors, including consumer electronics, automotive, and industrial applications, offering a diverse range of products such as semiconductors, circuit boards, and connectivity solutions. With a commitment to innovation and quality, Max Co., Ltd. serves both domestic and international markets, leveraging advanced technology to meet the evolving demands of its customers.

How the Company Makes Money

Max Co., Ltd. generates revenue through multiple channels, primarily from the sale of its electronic components and devices to various industries. The company has established key revenue streams from direct sales to manufacturers in the consumer electronics and automotive sectors, as well as through long-term contracts with major firms for the supply of specialized components. Additionally, Max Co., Ltd. benefits from strategic partnerships with technology firms and research institutions, enabling collaborative development of cutting-edge products that enhance its market offering. The company's emphasis on innovation and customer-centric solutions further contributes to its earnings by attracting a loyal customer base and expanding its market reach.

Max Co., Ltd. Financial Statement Overview

Summary

Max Co., Ltd. exhibits strong financial performance with consistent revenue growth, solid profit margins, and effective cash flow management. The low leverage and high equity ratio provide financial stability, positioning the company well for future opportunities.

Income Statement

Max Co., Ltd. shows strong financial performance with consistent revenue growth and solid profit margins. The TTM data reveals a gross profit margin of 47.10% and a net profit margin of 12.22%, indicating efficient cost management and profitability. The revenue growth rate of 1.80% in the TTM period is modest but positive, reflecting steady business expansion. EBIT and EBITDA margins are healthy at 15.12% and 18.72%, respectively, showcasing operational efficiency.

Balance Sheet

The company's balance sheet is robust with a low debt-to-equity ratio of 0.014, indicating minimal leverage and financial stability. The return on equity (ROE) is strong at 10.90%, reflecting effective use of shareholder funds to generate profits. The equity ratio stands at 85.14%, highlighting a solid equity base and low reliance on debt financing.

Cash Flow

Max Co., Ltd. demonstrates healthy cash flow management with a free cash flow growth rate of 4.95% in the TTM period. The operating cash flow to net income ratio is nearly 1, indicating strong cash generation relative to net income. The free cash flow to net income ratio of 0.81 suggests efficient conversion of profits into cash, supporting future investments and shareholder returns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	95.65B	91.84B	86.64B	84.32B	73.96B	64.03B
Gross Profit	45.73B	42.61B	39.86B	36.13B	31.39B	27.32B
EBITDA	20.36B	18.55B	16.79B	12.95B	11.12B	9.21B
Net Income	13.06B	11.23B	10.44B	7.62B	6.09B	5.15B
Balance Sheet
Total Assets	125.37B	124.61B	121.72B	116.74B	109.04B	102.54B
Cash, Cash Equivalents and Short-Term Investments	39.01B	43.66B	38.22B	33.82B	28.11B	25.33B
Total Debt	875.00M	1.52B	1.77B	2.65B	2.63B	2.60B
Total Liabilities	19.40B	18.57B	21.87B	27.84B	25.91B	23.84B
Stockholders Equity	105.83B	105.91B	99.73B	88.79B	83.03B	78.60B
Cash Flow
Free Cash Flow	12.05B	11.84B	9.16B	4.64B	1.24B	3.57B
Operating Cash Flow	14.76B	14.59B	12.12B	8.25B	5.63B	8.80B
Investing Cash Flow	-4.48B	-1.75B	-3.71B	-1.08B	-1.65B	-5.35B
Financing Cash Flow	-11.58B	-7.61B	-7.20B	-3.33B	-3.27B	-4.48B

Max Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6560.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6454, the sentiment is Positive. The current price of 6560 is below the 20-day moving average (MA) of 6810.50, below the 50-day MA of 6606.20, and above the 200-day MA of 5372.07, indicating a bullish trend. The MACD of 84.07 indicates Positive momentum. The RSI at 54.59 is Neutral, neither overbought nor oversold. The STOCH value of 22.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6454.

Max Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8061	79 Outperform	¥87.53B	15.37	―	3.38%	10.74%	-26.50%
7456	74 Outperform	¥135.37B	13.66	―	1.72%	32.43%	39.26%
9830	74 Outperform	¥160.17B	10.08	―	2.42%	9.74%	6.48%
6454	72 Outperform	¥314.86B	24.02	―	1.68%	7.95%	28.36%
7128	68 Neutral	¥54.12B	27.40	―	3.24%	-2.85%	-56.68%
9902	64 Neutral	¥76.07B	15.14	―	3.17%	5.95%	23.97%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Max Co., Ltd. Corporate Events

MAX Co., Ltd. Completes Share Buyback to Enhance Shareholder Value

MAX Co., Ltd. has completed the acquisition of its own shares, purchasing 217,100 shares for approximately 1.36 billion yen, as part of a resolution made by its Board of Directors. This strategic move, executed via market purchase on the Tokyo Stock Exchange, is part of a larger plan to acquire up to 1,000,000 shares, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:6454) stock is a Buy with a Yen6980.00 price target. To see the full list of analyst forecasts on Max Co., Ltd. stock, see the JP:6454 Stock Forecast page.

MAX Co., Ltd. Advances Share Buyback Program

MAX Co., Ltd. announced the acquisition of 147,900 of its own shares, costing approximately 823.5 million yen, as part of a buyback program authorized by its Board of Directors. This move is part of a larger plan to acquire up to 1 million shares by the end of 2025, reflecting the company’s strategic focus on enhancing shareholder value and optimizing capital structure.

The most recent analyst rating on (JP:6454) stock is a Buy with a Yen6261.00 price target. To see the full list of analyst forecasts on Max Co., Ltd. stock, see the JP:6454 Stock Forecast page.

Max Co., Ltd. Reports Strong Financial Growth and Positive Outlook

Max Co., Ltd. reported significant growth in its consolidated financial results for the six months ending September 30, 2025, with net sales increasing by 8.5% and a notable rise in operating profit by 27.6%. The company also revised its financial forecasts for the fiscal year ending March 31, 2026, indicating a positive outlook with expected increases in net sales and profits, reflecting strong operational performance and strategic positioning in the industry.

The most recent analyst rating on (JP:6454) stock is a Buy with a Yen6133.00 price target. To see the full list of analyst forecasts on Max Co., Ltd. stock, see the JP:6454 Stock Forecast page.

MAX Co., Ltd. Revises Earnings and Dividend Forecasts Upward

MAX Co., Ltd. has revised its full-year consolidated earnings and dividend forecasts for the fiscal year ending March 2026, citing steady business performance. The company anticipates higher net sales and profits than previously expected, leading to an increased annual dividend forecast of 132 yen per share, reflecting a commitment to its dividend policy despite ongoing market uncertainties.

The most recent analyst rating on (JP:6454) stock is a Buy with a Yen6133.00 price target. To see the full list of analyst forecasts on Max Co., Ltd. stock, see the JP:6454 Stock Forecast page.