Maxell, Ltd. (6810) AI Stock Analysis

• Market Cap: ¥95.37B
• Dividend Yield: 2.24%
• Average Volume (3M): 139.49K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.92
• Revenue Growth: 3.71%
• EPS Growth: -3.32%
• Country: JP
• Employees: 3,956
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): 61.22
• Shares Outstanding: 46,956,200
• 10 Day Avg. Volume: 151,660
• 30 Day Avg. Volume: 139,486
• PEG Ratio: -0.45
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.62
• P/FCF Ratio: 40.32
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥2,289.00 ▲(2.83% Upside)

Maxell, Ltd. has a stable financial position with a strong balance sheet and improved operational efficiency, but faces challenges in revenue growth and cash flow management. The technical indicators suggest a neutral to slightly bullish outlook. However, the high P/E ratio indicates potential overvaluation, which could limit upside potential. The absence of earnings call and corporate events data means these factors do not influence the score.

Positive Factors

Strategic Acquisition

The acquisition of Murata's battery business is a strategic move to enhance Maxell's market position in high-growth sectors, potentially increasing annual net sales by 10 billion yen and improving technological capabilities.

Strong Balance Sheet

Maxell's strong balance sheet with low leverage and high equity ratio provides financial stability and flexibility to invest in growth opportunities, supporting long-term business resilience.

Employee Incentive Alignment

The treasury shares disposition aligns employee interests with shareholders, potentially enhancing operational efficiency and fostering a culture of shared success, which can drive long-term business performance.

Negative Factors

Declining Revenue

The negative revenue growth indicates challenges in sales expansion, which could pressure profitability and hinder Maxell's ability to capitalize on market opportunities over the long term.

Reduced Profit Margins

The decline in net profit margins reflects reduced profitability, which may limit Maxell's capacity to reinvest in business development and respond to competitive pressures effectively.

Cash Flow Strain

The strain on cash flow relative to profitability suggests liquidity challenges, which could impact Maxell's ability to fund operations and strategic initiatives, affecting long-term growth potential.

Maxell, Ltd. Business Overview & Revenue Model

Company Description

Maxell, Ltd. manufactures and sells energy products, industrial materials, and electronic appliances and consumer products in Japan. The company offers primary batteries, including heat-resistant coin-type lithium manganese dioxide, coin-type lithium manganese dioxide, cylindrical-type lithium manganese dioxide, lithium thionyl chloride, silver oxide, and thin flexible batteries; rechargeable batteries comprising prismatic-type, laminate-type, and coin-type lithium ion batteries, as well as button-type rechargeable and sulfide-based all-solid-state batteries; battery chargers and packs; and electrodes, as well as oxygen sensors and hydrogen gas generators. It also generates and sells solar power. In addition, the company provides optical components, molding dies and plastic molding, precision components, adhesive tapes, functional materials, electroforming, RFID systems, IC cards, and industrial rubber products. Further, it offers projectors and imaging equipment; health, beauty care, and other small electronic appliances; audio equipment, including headphones, speakers, computer peripherals, and other accessories; optical discs, USB memory and flash memory products, and cassette tapes; alkaline dry, manganese dry, and mobile batteries; and battery operated and other hydraulic tools. The company was formerly known as Maxell Holdings, Ltd. and changed its name to Maxell, Ltd. in October 2021. Maxell, Ltd. was incorporated in 1947 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Maxell, Ltd. generates revenue through multiple streams, primarily from the sale of its consumer and industrial products. Key revenue streams include batteries (alkaline, lithium, and rechargeable), data storage solutions (such as USB flash drives and external hard drives), and various audio and visual products. Additionally, the company engages in partnerships with other technology firms, expanding its product offerings and market reach. Maxell's investments in R&D allow it to innovate and adapt to changing market demands, enhancing its competitiveness and driving sales. The growth in sectors such as electric vehicles and renewable energy also presents new revenue opportunities for Maxell, particularly in battery technology and energy storage solutions.

Maxell, Ltd. Financial Statement Overview

Summary

Maxell, Ltd. demonstrates a stable financial foundation with a strong balance sheet and moderate income statement performance. While revenue and net profit margins have faced challenges, operational efficiency has improved. The company maintains financial stability with a conservative debt structure. However, cash flow pressures highlight potential liquidity concerns that need addressing.

Income Statement

Maxell, Ltd. has shown moderate profitability with a gross profit margin of around 24.5% in 2025. The net profit margin has decreased to 3.2% from 5.8% in 2024, indicating a decline in net income. Revenue growth is slightly negative at -0.5%, showing a decline in sales. The EBIT margin improved to 7.2%, reflecting better operational efficiency. However, the EBITDA margin dropped to 9.0%, indicating pressure on operating cash flow.

Balance Sheet

The company's balance sheet is strong with a debt-to-equity ratio of 0.21, indicating conservative leverage. The equity ratio is robust at 55.5%, suggesting financial stability. Return on Equity (ROE) has decreased to 4.5%, showing reduced profitability. Overall, the balance sheet indicates a stable financial position with low risk associated with high debt levels.

Cash Flow

Free cash flow has decreased significantly from 2024, reflecting a decline in liquidity. The operating cash flow to net income ratio is high at 2.4, suggesting effective cash generation relative to net income. However, the free cash flow to net income ratio is lower at 0.5, indicating a strain on cash flow relative to profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	128.69B	129.81B	129.14B	132.78B	138.22B	139.06B
Gross Profit	32.83B	31.86B	33.28B	30.10B	34.60B	30.06B
EBITDA	10.44B	11.66B	14.02B	12.15B	3.69B	-1.55B
Net Income	3.48B	4.09B	7.54B	5.19B	-3.66B	-9.37B
Balance Sheet
Total Assets	160.53B	164.51B	171.10B	168.18B	177.53B	176.81B
Cash, Cash Equivalents and Short-Term Investments	31.11B	33.07B	38.66B	38.17B	45.55B	33.02B
Total Debt	18.09B	18.84B	18.34B	25.99B	32.86B	38.07B
Total Liabilities	66.13B	70.34B	73.79B	82.24B	92.92B	93.21B
Stockholders Equity	91.66B	91.36B	93.89B	82.82B	81.50B	81.16B
Cash Flow
Free Cash Flow	0.00	1.99B	7.64B	-1.52B	13.30B	6.28B
Operating Cash Flow	0.00	9.84B	14.24B	4.00B	18.44B	13.03B
Investing Cash Flow	0.00	-8.03B	-4.85B	1.71B	-3.91B	8.04B
Financing Cash Flow	0.00	-7.75B	-9.49B	-13.98B	-6.21B	-11.89B

Maxell, Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2226.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6810, the sentiment is Positive. The current price of 2226 is above the 20-day moving average (MA) of 2167.40, above the 50-day MA of 2154.77, and above the 200-day MA of 1919.33, indicating a bullish trend. The MACD of 9.63 indicates Negative momentum. The RSI at 58.66 is Neutral, neither overbought nor oversold. The STOCH value of 95.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6810.

Maxell, Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6794	76 Outperform	¥58.70B	13.75	―	2.94%	6.41%	16.71%
6736	70 Neutral	$189.47B	10.09	51.06%	1.08%	-12.94%	2390.52%
6632	69 Neutral	¥176.92B	10.42	13.53%	1.28%	0.48%	-1.86%
6810	66 Neutral	¥95.37B	18.23	―	2.24%	3.71%	-3.32%
6952	66 Neutral	$277.75B	49.58	5.53%	3.48%	-5.43%	55.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6753	59 Neutral	¥505.44B	8.62	―	―	-10.88%	―

Maxell, Ltd. Corporate Events

Maxell Announces Treasury Shares Disposition for Employee Incentives

Maxell, Ltd. has announced the disposition of 26,168 treasury shares as part of a restricted stock remuneration plan aimed at aligning the interests of its executive officers and employees with those of the shareholders. This initiative is designed to motivate the company’s personnel to engage more deeply in business management and share in the company’s values, potentially enhancing operational efficiency and stakeholder alignment.

The most recent analyst rating on (JP:6810) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Maxell, Ltd. stock, see the JP:6810 Stock Forecast page.

Maxell Reports Decline in Q1 2025 Financial Results but Remains Optimistic for Full Year

Maxell, Ltd. reported a decline in its financial performance for the first quarter ending June 30, 2025, with net sales decreasing by 3.6% compared to the previous year. The company’s operating profit and ordinary profit also saw significant drops of 15.1% and 33.4%, respectively, reflecting challenges in maintaining profitability. Despite these setbacks, Maxell forecasts an optimistic outlook for the full fiscal year ending March 31, 2026, with expected growth in net sales and operating profit, indicating strategic adjustments to enhance its market position.

The most recent analyst rating on (JP:6810) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Maxell, Ltd. stock, see the JP:6810 Stock Forecast page.