Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.38
TYIDY's Cash to Debt is ranked higher than
59% of the 1243 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 0.57 vs. TYIDY: 0.38 )
TYIDY' s 10-Year Cash to Debt Range
Min: 0.31   Max: No Debt
Current: 0.38

Equity to Asset 0.49
TYIDY's Equity to Asset is ranked higher than
67% of the 1241 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 0.46 vs. TYIDY: 0.49 )
TYIDY' s 10-Year Equity to Asset Range
Min: 0.41   Max: 0.49
Current: 0.49

0.41
0.49
Interest Coverage 6.72
TYIDY's Interest Coverage is ranked higher than
55% of the 829 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 17.78 vs. TYIDY: 6.72 )
TYIDY' s 10-Year Interest Coverage Range
Min: 1.23   Max: 6.72
Current: 6.72

1.23
6.72
F-Score: 6
Z-Score: 1.45
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 5.36
TYIDY's Operating margin (%) is ranked higher than
69% of the 1248 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 5.82 vs. TYIDY: 5.36 )
TYIDY' s 10-Year Operating margin (%) Range
Min: -0.42   Max: 5.36
Current: 5.36

-0.42
5.36
Net-margin (%) 5.25
TYIDY's Net-margin (%) is ranked higher than
74% of the 1248 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 4.52 vs. TYIDY: 5.25 )
TYIDY' s 10-Year Net-margin (%) Range
Min: -2.51   Max: 4.69
Current: 5.25

-2.51
4.69
ROE (%) 5.81
TYIDY's ROE (%) is ranked higher than
59% of the 1239 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 10.12 vs. TYIDY: 5.81 )
TYIDY' s 10-Year ROE (%) Range
Min: -3.27   Max: 5.62
Current: 5.81

-3.27
5.62
ROA (%) 2.81
TYIDY's ROA (%) is ranked higher than
58% of the 1252 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 4.55 vs. TYIDY: 2.81 )
TYIDY' s 10-Year ROA (%) Range
Min: -1.5   Max: 2.68
Current: 2.81

-1.5
2.68
ROC (Joel Greenblatt) (%) 16.44
TYIDY's ROC (Joel Greenblatt) (%) is ranked higher than
76% of the 1252 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 14.90 vs. TYIDY: 16.44 )
TYIDY' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -2.08   Max: 15.85
Current: 16.44

-2.08
15.85
Revenue Growth (%) 10.50
TYIDY's Revenue Growth (%) is ranked higher than
82% of the 1084 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 6.80 vs. TYIDY: 10.50 )
TYIDY' s 10-Year Revenue Growth (%) Range
Min: -9.5   Max: 10.5
Current: 10.5

-9.5
10.5
EBITDA Growth (%) 14.90
TYIDY's EBITDA Growth (%) is ranked higher than
85% of the 977 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 5.50 vs. TYIDY: 14.90 )
TYIDY' s 10-Year EBITDA Growth (%) Range
Min: -13.6   Max: 16.7
Current: 14.9

-13.6
16.7
» TYIDY's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Insider Trades

Latest Guru Trades with TYIDY

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)



No Insider Trades Found!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Toyota Industries Corporation

Third Avenue Management Comments on Toyota Industries - Jul 02, 2013


TOYOTA INDUSTRIES (TYIDY)

Toyota Motor is a business school case study in the making. Since 2009, Toyota Motor has faced quality issues, increasing competitive pressures and the impacts of a strong yen exacerbated by production/supply chain issues wrought by the Great East Japan earthquake/tsunami and subsequent massive flooding in Thailand. Against these headwinds, the company has been taking steps to reinvigorate itself, including recruiting a family member, Akio Toyoda, back to the helm. He has so far succeeded in aggressively addressing quality issues at Toyota.

The story is still unfolding, but so far, the plot is enticing: (i) the perception of the Toyota franchise has improved with 19 Toyota (along with Lexus and Scion) models named as "Top Safety Picks" by the Insurance Institute of Highway Safety, and Kelly Blue Book giving Toyota brands 18 best resale value awards; (ii) Toyota launched 19 new or significantly updated models in 2012 and plans to launch nine new or updated products in 2013; (iii) the company has focused on increasing local content to provide more of a natural currency hedge, albeit this is an ongoing process and it still has substantial production capacity in Japan. The Fund doesn't own Toyota Motor common stock; rather our investment is via Toyota Industries ("TICO"). TICO spun off Toyota Motor in 1937 but remains the single largest shareholder of Toyota Motor common. It also has a sizeable investment portfolio of other marketable securities, of which the largest, by percent of assets, are also part of the Toyota Group (e.g., Denso).Operationally, Toyota Industries has a number of different industrial businesses, the largest being automotive, where it assembles vehicles and manufactures auto parts, including car air conditioning compressors,engines and electronic components for hybrids, and materials handling where it manufactures equipment such as fork lift trucks. Our initial attraction to TICO was as a cheaper way to invest in Toyota Motor — TICO common traded at a discount to its investment portfolio—while also enabling us to get TICO's profitable operating businesses for free. Over time, we believed the company had the ability to grow its NAV. TICO has been a perennial holding since 1997 and while we have lived through its ups and downs, it has been a modestly profitable investment for the Fund that we still believe has potential to offer more, particularly after recent steps taken by management to improve operations and profitability both at TICO and Toyota Motor.

Since late 2012, the yen has depreciated by about 22% versus the US dollar. For Toyota Motor, a one yen move vs. the US dollar has an estimated ¥35 billion impact on operating profits and vs. the Euro about a¥5 billion impact. The direct currency effect is less dramatic for TICO, but the company clearly benefits, both operationally as well as from its ownership of Toyota Motor.

Over the past year,TICO acquired Cascade Corp., a manufacturer of materials handling attachments; acquired the rest of Uster Technologies, a textiles testing machinery company, in what amounted to initially a hostile bid; and has continued to focus on increasing its value add, particularly in the electronics area for hybrids. The company continuesto hold the number one marketshare position in industrial trucksworldwide

From Third Avenue Management's semi-annual 2013 commentary.
Check out Third Avenue Management latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 16.00
TYIDY's P/E(ttm) is ranked higher than
68% of the 1078 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 14.60 vs. TYIDY: 16.00 )
TYIDY' s 10-Year P/E(ttm) Range
Min: 10.78   Max: 715.63
Current: 16

10.78
715.63
P/B 0.88
TYIDY's P/B is ranked higher than
82% of the 1232 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.49 vs. TYIDY: 0.88 )
TYIDY' s 10-Year P/B Range
Min: 0.54   Max: 0.9
Current: 0.88

0.54
0.9
P/S 0.81
TYIDY's P/S is ranked higher than
62% of the 1224 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 0.65 vs. TYIDY: 0.81 )
TYIDY' s 10-Year P/S Range
Min: 0.4   Max: 3.04
Current: 0.81

0.4
3.04
EV-to-EBIT 20.59
TYIDY's EV-to-EBIT is ranked higher than
55% of the 1059 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 12.68 vs. TYIDY: 20.59 )
TYIDY' s 10-Year EV-to-EBIT Range
Min: 12   Max: 58.6
Current: 20.59

12
58.6
PEG 0.86
TYIDY's PEG is ranked higher than
77% of the 674 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.04 vs. TYIDY: 0.86 )
TYIDY' s 10-Year PEG Range
Min: 0.47   Max: 0.52
Current: 0.86

0.47
0.52
Shiller P/E 44.48
TYIDY's Shiller P/E is ranked higher than
54% of the 722 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 20.30 vs. TYIDY: 44.48 )
TYIDY' s 10-Year Shiller P/E Range
Min: 41.08   Max: 45.49
Current: 44.48

41.08
45.49
Current Ratio 1.35
TYIDY's Current Ratio is ranked higher than
61% of the 1247 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.47 vs. TYIDY: 1.35 )
TYIDY' s 10-Year Current Ratio Range
Min: 1.18   Max: 1.61
Current: 1.35

1.18
1.61
Quick Ratio 1.08
TYIDY's Quick Ratio is ranked higher than
67% of the 1247 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.07 vs. TYIDY: 1.08 )
TYIDY' s 10-Year Quick Ratio Range
Min: 0.97   Max: 1.39
Current: 1.08

0.97
1.39

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.60
TYIDY's Dividend Yield is ranked lower than
51% of the 990 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.52 vs. TYIDY: 0.60 )
TYIDY' s 10-Year Dividend Yield Range
Min: 0.65   Max: 2.28
Current: 0.6

0.65
2.28
Dividend Payout 0.08
TYIDY's Dividend Payout is ranked higher than
91% of the 846 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 0.22 vs. TYIDY: 0.08 )
TYIDY' s 10-Year Dividend Payout Range
Min: 0.37   Max: 0.87
Current: 0.08

0.37
0.87
Dividend growth (3y) 11.50
TYIDY's Dividend growth (3y) is ranked higher than
77% of the 601 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 10.10 vs. TYIDY: 11.50 )
TYIDY' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 40.1
Current: 11.5

0
40.1
Yield on cost (5-Year) 2.18
TYIDY's Yield on cost (5-Year) is ranked higher than
81% of the 1003 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 2.18 vs. TYIDY: 2.18 )
TYIDY' s 10-Year Yield on cost (5-Year) Range
Min: 2.36   Max: 8.27
Current: 2.18

2.36
8.27
Share Buyback Rate -0.20
TYIDY's Share Buyback Rate is ranked higher than
77% of the 685 Companies
in the Global Auto Manufacturers industry.

( Industry Median: -0.70 vs. TYIDY: -0.20 )
TYIDY' s 10-Year Share Buyback Rate Range
Min: 0.1   Max: -0.2
Current: -0.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.97
TYIDY's Price/Tangible Book is ranked higher than
79% of the 1167 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.68 vs. TYIDY: 0.97 )
TYIDY' s 10-Year Price/Tangible Book Range
Min: 0.7   Max: 0.96
Current: 0.97

0.7
0.96
Price/DCF (Projected) 0.82
TYIDY's Price/DCF (Projected) is ranked higher than
82% of the 735 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.29 vs. TYIDY: 0.82 )
TYIDY' s 10-Year Price/DCF (Projected) Range
Min: 0.76   Max: 0.81
Current: 0.82

0.76
0.81
Price/Median PS Value 1.38
TYIDY's Price/Median PS Value is ranked higher than
56% of the 1201 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.19 vs. TYIDY: 1.38 )
TYIDY' s 10-Year Price/Median PS Value Range
Min: 0.73   Max: 3.99
Current: 1.38

0.73
3.99
Price/Peter Lynch Fair Value 0.64
TYIDY's Price/Peter Lynch Fair Value is ranked higher than
82% of the 482 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 0.75 vs. TYIDY: 0.64 )
TYIDY' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.63   Max: 0.63
Current: 0.64

Price/Graham Number 0.82
TYIDY's Price/Graham Number is ranked higher than
78% of the 1031 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.05 vs. TYIDY: 0.82 )
TYIDY' s 10-Year Price/Graham Number Range
Min: 0.61   Max: 3.07
Current: 0.82

0.61
3.07
Earnings Yield (Greenblatt) 4.90
TYIDY's Earnings Yield (Greenblatt) is ranked higher than
57% of the 1153 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 7.70 vs. TYIDY: 4.90 )
TYIDY' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.7   Max: 8.4
Current: 4.9

1.7
8.4
Forward Rate of Return (Yacktman) 44.85
TYIDY's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 938 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 9.62 vs. TYIDY: 44.85 )
TYIDY' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 4.1   Max: 35.8
Current: 44.85

4.1
35.8

Business Description

Industry: Autos » Auto Manufacturers
Compare: » details
Traded in other countries:6201.Japan, 6201.Japan, TAH.Germany
Toyota Industries Corporation manufactures and markets textile machinery, automobiles and materials handling equipment. It also provides logistic services and semiconductor package substrates.

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK