-4.13 | -3.31%
TOYOTA MOTOR CORP's gross profit margin for the fourth quarter of its fiscal year 2012 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. TOYOTA MOTOR CORP has weak liquidity. Currently, the Quick Ratio is 0.84 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
| Income Statement | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Net Sales ($mil) | 47034.0 | 58171.0 |
| EBITDA ($mil) | 7097.0 | 5465.0 |
| EBIT ($mil) | 4581.0 | 2793.0 |
| Net Income ($mil) | 2737.0 | 1330.0 |
| Balance Sheet | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Cash & Equiv. ($mil) | 34735.0 | 35682.0 |
| Total Assets ($mil) | 376841.0 | 371933.0 |
| Total Debt ($mil) | 150082.0 | 145681.0 |
| Equity ($mil) | 129015.0 | 128022.0 |
| Profitability | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Gross Profit Margin | 24.27 | 18.28 |
| EBITDA Margin | 15.08 | 9.39 |
| Operating Margin | 9.74 | 4.8 |
| Sales Turnover | 0.62 | 0.61 |
| Return on Assets | 2.71 | 0.92 |
| Return on Equity | 7.92 | 2.68 |
| Debt | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Current Ratio | 1.07 | 1.05 |
| Debt/Capital | 0.54 | 0.53 |
| Interest Expense | 26.0 | 85.0 |
| Interest Coverage | 176.19 | 32.86 |
| Share Data | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Shares outstanding (mil) | 1583.72 | 1583.41 |
| Div / share | 1.22 | 0.76 |
| EPS | 1.73 | 0.84 |
| Book value / share | 81.46 | 80.85 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 632429.0 | 473000.0 |
BUY. The current P/E ratio indicates a premium compared to an average of 16.95 for the Automobiles industry and a value on par with the S&P 500 average of 19.08. To use another comparison, its price-to-book ratio of 1.54 indicates a discount versus the S&P 500 average of 2.44 and a significant discount versus the industry average of 3.77. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TM 19.37 | Peers 16.95 | TM 7.61 | Peers 7.76 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. TM is trading at a premium to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TM is trading at a valuation on par to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| TM 12.12 | Peers 15.16 | TM 0.90 | Peers 0.80 | |||||||||||||||||||||
|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations. TM is trading at a valuation on par with its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. TM trades at a premium to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| TM 1.54 | Peers 3.77 | TM 194.97 | Peers 97.69 | |||||||||||||||||||||
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Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. TM is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. TM is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| TM 0.85 | Peers 1.00 | TM 3.91 | Peers 14.45 | |||||||||||||||||||||
|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. TM is trading at a discount to its industry on this measurement. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. TM significantly trails its peers on the basis of sales growth |
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