Yamaha Motor Co (7272) AI Stock Analysis

• Market Cap: ¥1.13T
• Dividend Yield: 4.21%
• Average Volume (3M): 4.54M
• Price to Earnings (P/E): 74.5
• Beta (1Y): 1.07
• Revenue Growth: -1.83%
• EPS Growth: -89.60%
• Country: JP
• Employees: 54,206
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -9.96
• Shares Outstanding: 1,018,125,100
• 10 Day Avg. Volume: 5,796,340
• 30 Day Avg. Volume: 4,541,630
• PEG Ratio: -0.42
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.54
• P/FCF Ratio: 22.61
• 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: ¥1,099.24
• Price Target Upside: -7.55% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ¥1,272.00 ▲(6.98% Upside)

Yamaha Motor Co's stock score is primarily driven by strong technical analysis indicators, reflecting positive market momentum. Financial performance is solid with strong revenue growth, but profitability challenges and high leverage are concerns. The high P/E ratio suggests overvaluation, offset by a decent dividend yield.

Positive Factors

Cash Generation

Strong free cash flow growth enhances Yamaha's ability to reinvest in business operations, pay down debt, and return capital to shareholders.

Revenue Growth

Robust sales performance indicates effective market strategies and product demand, supporting long-term business expansion.

Product Diversification

Diversified product lines reduce dependency on a single market, providing resilience against sector-specific downturns.

Negative Factors

Profitability Challenges

Declining profit margins suggest difficulty in controlling costs or pricing pressures, potentially impacting long-term profitability.

Increased Leverage

Higher leverage can limit financial flexibility and increase risk, especially if interest rates rise, affecting long-term stability.

Low Cash Conversion

Challenges in converting net income into cash may hinder Yamaha's ability to fund operations and growth initiatives efficiently.

Yamaha Motor Co Business Overview & Revenue Model

Company Description

Yamaha Motor Co., Ltd., together with its subsidiaries, engages in the land mobility, marine products, robotics, and financial services businesses in Japan, North America, Europe, Asia, and internationally. Its Land Mobility segment offers motorcycles, leaning multi-wheelers, all-terrain vehicles, recreational off highway vehicles, snowmobiles, electrically power-assisted bicycles, electric wheelchairs, automobile engines, and automobile components, as well as intermediate parts for products, and knockdown parts. The company's Marine Products segment provides outboard motors, personal watercraft, boats, FRP pools, fishing boats, and utility boats. Its Robotics segment offers surface mounters, semiconductor manufacturing equipment, industrial robots, and industrial-use unmanned helicopters. The company's Financial Services segment provides sales finance and lease related to the company's products. Its Others segment offers golf cars, generators, multi-purpose engines, and snow blowers. Yamaha Motor Co., Ltd. was incorporated in 1918 and is headquartered in Iwata, Japan.

How the Company Makes Money

Yamaha Motor Co. generates revenue through multiple key streams: motorcycle sales, which constitute a significant portion of its earnings; marine products, including outboard motors and personal watercraft; and other motorized products such as ATVs and snowmobiles. The company also earns income from parts and accessories sales, service-related activities, and financial services associated with its products. Significant partnerships with various retailers and distributors globally enhance its market reach. Additionally, Yamaha invests in research and development to innovate and expand its product offerings, driving growth in both existing and emerging markets.

Yamaha Motor Co Financial Statement Overview

Summary

Yamaha Motor Co's financial performance is mixed. The income statement shows declining margins and negative revenue growth, indicating challenges in maintaining sales and profitability. The balance sheet is stable but shows increased leverage. Cash flow metrics reveal significant liquidity challenges, with declining free cash flow growth and low cash generation relative to profits.

Income Statement

Yamaha Motor Co's income statement shows a mixed performance. The gross profit margin has been relatively stable, but the net profit margin has decreased in the TTM period. Revenue growth has turned negative, indicating potential challenges in maintaining sales momentum. EBIT and EBITDA margins have also declined, suggesting pressure on operational efficiency.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has increased slightly, indicating higher leverage, but remains within a reasonable range. Return on equity has decreased, reflecting reduced profitability. The equity ratio is stable, showing a balanced asset structure.

Cash Flow

Cash flow analysis reveals significant challenges. Free cash flow growth has sharply declined, and the operating cash flow to net income ratio has decreased, indicating potential liquidity issues. The free cash flow to net income ratio remains low, highlighting constraints in cash generation relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.51T	2.58T	2.41T	2.25T	1.81T	1.47T
Gross Profit	777.45B	821.97B	715.35B	633.75B	506.84B	371.81B
EBITDA	183.36B	280.26B	314.20B	284.69B	253.48B	136.86B
Net Income	15.39B	108.07B	164.12B	174.44B	155.58B	53.07B
Balance Sheet
Total Assets	2.75T	2.78T	2.56T	2.18T	1.83T	1.64T
Cash, Cash Equivalents and Short-Term Investments	378.61B	373.00B	351.46B	299.65B	276.41B	272.37B
Total Debt	978.00B	951.97B	843.81B	602.69B	458.51B	466.94B
Total Liabilities	1.59T	1.56T	1.43T	1.13T	932.25B	891.76B
Stockholders Equity	1.11T	1.16T	1.08T	1.00T	859.23B	714.64B
Cash Flow
Free Cash Flow	31.62B	60.97B	-29.76B	-18.47B	74.57B	59.09B
Operating Cash Flow	139.17B	176.85B	80.15B	70.92B	141.34B	110.49B
Investing Cash Flow	-133.82B	-128.75B	-119.11B	-74.16B	-51.03B	-43.95B
Financing Cash Flow	4.49B	-46.43B	91.52B	23.10B	-93.49B	83.67B

Yamaha Motor Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1189.00
• 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:7272, the sentiment is Positive. The current price of 1189 is above the 20-day moving average (MA) of 1130.87, above the 50-day MA of 1123.36, and above the 200-day MA of 1106.22, indicating a bullish trend. The MACD of 18.10 indicates Negative momentum. The RSI at 68.39 is Neutral, neither overbought nor oversold. The STOCH value of 88.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7272.

Yamaha Motor Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7270	80 Outperform	$2.59T	9.74	9.73%	3.46%	1.04%	-31.52%
7202	77 Outperform	¥1.73T	12.74	―	3.75%	-5.66%	-28.73%
7269	75 Outperform	¥4.56T	11.46	12.95%	1.85%	2.99%	9.99%
7272	69 Neutral	¥1.13T	74.55	1.38%	4.21%	-1.83%	-89.60%
7267	63 Neutral	$6.48T	10.58	5.23%	4.29%	-0.43%	-26.68%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
7201	49 Neutral	$1.41T	-1.55	-16.69%	―	-3.01%	-755.71%

Yamaha Motor Co Corporate Events

Yamaha Motor Co. Revises Shareholder Benefit Plan to Favor Long-term Investors

Yamaha Motor Co. has announced changes to its shareholder special benefit plan, effective from the fiscal year ending December 31, 2026. The changes aim to enhance the attractiveness of long-term investments by increasing reward points for shareholders with a holding period of three years or more, while discontinuing interim benefits such as the calendar gift.

Yamaha Motor Completes Treasury Share Disposition for Employee Shareholding

Yamaha Motor Co. has completed the payment process for the disposition of treasury shares to its Employee Shareholding Association, initially resolved in June 2025. Due to partial forfeiture, the number of shares and total disposition value were adjusted, reflecting the finalized membership count in the shareholding association.

Yamaha Motor Co. Reports Decline in Operating Income Amidst Challenging Market Conditions

Yamaha Motor Co. reported a decline in operating income for the first nine months of fiscal 2025, despite stable revenue from its core motorcycle and marine products businesses. The company faced challenges such as impairment losses in the Outdoor Land Vehicle business and the impact of U.S. tariffs, which affected overall profitability. While the motorcycle segment showed growth in certain markets, the overall business environment remains challenging, prompting Yamaha to focus on cost management and strategic initiatives for long-term growth.

Yamaha Motor Co. Reports Decline in 2025 Financial Performance

Yamaha Motor Co. reported a decline in its financial performance for the first nine months of 2025, with revenue decreasing by 3.4% and operating profit dropping by 44.1% compared to the same period in 2024. The company’s profit before tax and profit for the period also saw significant declines, impacting stakeholders and reflecting challenges in the market. Despite these setbacks, Yamaha maintained its dividend forecast for the fiscal year, indicating a commitment to shareholder returns.