Makita Corporation (MKTAY)
OTHER OTC:MKTAY
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Makita
(OTC:MKTAY)
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Rating:78Outperform
Price Target:
$43.00
â–²(41.54% Upside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by strong financial health (rebuilt profitability and an exceptionally low-leverage balance sheet), supported by bullish technical positioning (price above key moving averages with positive MACD). Valuation is reasonable but not especially compelling, with a modest dividend yield.
Positive Factors
Cordless platform ecosystem
Makita’s cordless platform creates durable customer lock-in: once users adopt its battery ecosystem they buy compatible tools, batteries and chargers repeatedly. This drives recurring hardware and accessory sales, raises lifetime value per customer and smooths demand over product cycles.
Negative Factors
Cash flow quality and consistency
Operating cash conversion below 1x and a recent FCF decline highlight inconsistent cash generation. Historic volatility (including negative OCF in 2022) means earnings may not reliably convert to cash, constraining long-term dividend capacity, buybacks, or rapid investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Cordless platform ecosystem
Makita’s cordless platform creates durable customer lock-in: once users adopt its battery ecosystem they buy compatible tools, batteries and chargers repeatedly. This drives recurring hardware and accessory sales, raises lifetime value per customer and smooths demand over product cycles.
Read all positive factors
Makita (MKTAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.66B
Dividend Yield1.58%
Average Volume (3M)509.00
Price to Earnings (P/E)15.3
Beta (1Y)0.58
Revenue Growth4.39%
EPS Growth2.64%
CountryUS
Employees17,641
SectorIndustrials
Sector Strength72
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)317.96
Shares Outstanding280,017,550
10 Day Avg. Volume907
30 Day Avg. Volume509
Financial Highlights & Ratios
PEG Ratio2.09
Price to Book (P/B)1.37
Price to Sales (P/S)1.67
P/FCF Ratio16.07
Enterprise Value/Market Cap126.73
Enterprise Value/Revenue1.55
Enterprise Value/Gross Profit4.07
Enterprise Value/Ebitda8.54
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.96
Revenue Forecast (FY)$5.23B
Makita Business Overview & Revenue Model
Company Description
Makita Corporation (MKTAY) is a leading global manufacturer of power tools and outdoor power equipment based in Japan. Established in 1915, the company operates primarily in the industrial and consumer sectors, offering a diverse range of products...
How the Company Makes Money
Makita makes money primarily by selling power tools and related products to end users via distributors, retailers, and its own sales channels in multiple regions. Its core revenue stream is hardware sales (especially cordless power tools and outdo...
Makita Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
93
Very Positive
Cash Flow
67
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 824.50B | 753.13B | 741.39B | 764.70B | 739.26B |
| Gross Profit | 301.10B | 271.43B | 223.94B | 188.75B | 228.32B |
| EBITDA | 143.32B | 144.25B | 99.74B | 57.45B | 114.67B |
| Net Income | 84.20B | 79.34B | 43.69B | 11.71B | 64.77B |
Balance Sheet | |||||
| Total Assets | 1.19T | 1.11T | 1.06T | 1.10T | 1.01T |
| Cash, Cash Equivalents and Short-Term Investments | 258.50B | 292.94B | 215.21B | 162.72B | 71.06B |
| Total Debt | 2.39B | 10.15B | 19.89B | 186.39B | 79.67B |
| Total Liabilities | 177.41B | 174.03B | 180.60B | 323.65B | 254.97B |
| Stockholders Equity | 1.00T | 926.01B | 868.16B | 769.25B | 746.34B |
Cash Flow | |||||
| Free Cash Flow | 85.68B | 129.87B | 219.24B | 5.34B | -163.60B |
| Operating Cash Flow | 108.51B | 129.87B | 237.09B | 44.43B | -103.66B |
| Investing Cash Flow | -18.70B | -37.87B | -25.62B | -37.68B | -27.89B |
| Financing Cash Flow | -105.15B | -33.55B | -191.28B | 80.97B | 52.63B |
Makita Technical Analysis
Positive
30.38
Price Trends
34.58
Positive
34.52
Positive
33.12
Positive
Market Momentum
0.28
Positive
49.87
Neutral
15.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MKTAY, the sentiment is Positive. The current price of 30.38 is below the 20-day moving average (MA) of 35.76, below the 50-day MA of 34.58, and below the 200-day MA of 33.12, indicating a neutral trend. The MACD of 0.28 indicates Positive momentum. The RSI at 49.87 is Neutral, neither overbought nor oversold. The STOCH value of 15.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MKTAY.
Makita Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $9.66B | 15.31 | 8.22% | 1.58% | 4.39% | 2.64% | |
78 Outperform | $18.82B | 19.20 | 17.48% | 2.52% | 2.99% | 1.23% | |
75 Outperform | $8.64B | 33.02 | 23.00% | 1.95% | -0.47% | -14.81% | |
71 Outperform | $8.14B | 17.82 | 9.77% | 1.61% | 3.31% | -5.18% | |
70 Outperform | $14.27B | 25.03 | 37.29% | 1.22% | 7.72% | 19.51% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $11.66B | 43.69 | 4.12% | 4.42% | -0.06% | 3.45% |
* Industrials Sector Average
MKTAY
Makita
35.58
4.69
15.20%
LECO
Lincoln Electric Holdings
260.51
68.71
35.82%
SNA
Snap-on
363.31
49.83
15.90%
SWK
Stanley Black & Decker
74.98
11.54
18.20%
TKR
Timken Company
117.20
48.52
70.63%
TTC
The Toro Company
89.13
15.73
21.42%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.