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124.66 (1y: +61%)
Market Cap 202.43 B P/E(ttm) 26.70
Enterprise Value 302.48 B P/B 1.90
TM- NYSE (USA)
Toyota Motor Corp
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$124.66
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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 : 6/10

vs
industry		 vs
history
Cash to Debt 0.245
TM's Cash to Debt is ranked lower than
127714% of the 783 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.28 vs. TM: 0.245 )
TM' s 10-Year Cash to Debt Range
Min: 0.19   Max: 0.44
Current: 0.25
0.19
0.44
Equity to Asset 0.344
TM's Equity to Asset is ranked lower than
133511% of the 749 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 0.52 vs. TM: 0.344 )
TM' s 10-Year Equity to Asset Range
Min: 0.34   Max: 0.42
Current: 0.34
0.34
0.42
Interest Coverage No Debt
TM's Interest Coverage is ranked lower than
168067% of the 595 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 28.20 vs. TM: No Debt )
TM' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 7
Z-Score: 1.97
M-Score: -2.9
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 : 5/10

vs
industry		 vs
history
Operating margin (%) 1.90
TM's Operating margin (%) is ranked lower than
150376% of the 665 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 5.80 vs. TM: 1.90 )
TM' s 10-Year Operating margin (%) Range
Min: -2.2   Max: 9.6
Current: 1.9
-2.2
9.6
Net-margin (%) 1.5
TM's Net-margin (%) is ranked lower than
151057% of the 662 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 4.30 vs. TM: 1.5 )
TM' s 10-Year Net-margin (%) Range
Min: -2.1   Max: 6.9
Current: 1.5
-2.1
6.9
ROE (%) 2.7
TM's ROE (%) is ranked lower than
152439% of the 656 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 8.60 vs. TM: 2.7 )
TM' s 10-Year ROE (%) Range
Min: -4.3   Max: 14.5
Current: 2.7
-4.3
14.5
ROA (%) 0.9
TM's ROA (%) is ranked lower than
151745% of the 659 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 4.40 vs. TM: 0.9 )
TM' s 10-Year ROA (%) Range
Min: -1.5   Max: 5.3
Current: 0.9
-1.5
5.3
ROC (Joel Greenblatt) (%) 3.60
TM's ROC (Joel Greenblatt) (%) is ranked lower than
152905% of the 654 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 15.10 vs. TM: 3.60 )
TM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -4   Max: 21.7
Current: 3.6
-4
21.7
Revenue Growth (%) -2.5
TM's Revenue Growth (%) is ranked lower than
273224% of the 366 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 10.80 vs. TM: -2.5 )
TM' s 10-Year Revenue Growth (%) Range
Min: -7.4   Max: 10.9
Current: -2.5
-7.4
10.9
EBITDA Growth (%) 8.3
TM's EBITDA Growth (%) is ranked lower than
373134% of the 268 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 15.30 vs. TM: 8.3 )
TM' s 10-Year EBITDA Growth (%) Range
Min: -23.3   Max: 15.6
Current: 8.3
-23.3
15.6
» TM's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

TM Guru Trades in Q2 2012

John Rogers 2,950 sh (New)
Bill Gates 153,300 sh (New)
Steven Cohen 2,914 sh (New)
Donald Smith 369,197 sh (+22.93%)
Manning & Napier Advisors, Inc 1,331,853 sh (-1.13%)
Charles Brandes 1,668,342 sh (-8.03%)
» More
Q3 2012

TM Guru Trades in Q3 2012

Sarah Ketterer 20,636 sh (New)
Ken Fisher 4,740,858 sh (New)
John Rogers 3,075 sh (+4.24%)
Manning & Napier Advisors, Inc 1,332,442 sh (+0.04%)
Bill Gates 153,300 sh (unchged)
Steven Cohen Sold Out
Donald Smith 350,787 sh (-4.99%)
Charles Brandes 1,553,403 sh (-6.89%)
» More
Q4 2012

TM Guru Trades in Q4 2012

NWQ Managers 3,713 sh (New)
Ken Heebner 280,000 sh (New)
Jean-Marie Eveillard 10,000 sh (New)
Sarah Ketterer 34,737 sh (+68.33%)
John Rogers 4,489 sh (+45.98%)
Bill Gates 153,300 sh (unchged)
Donald Smith 347,273 sh (-1%)
Manning & Napier Advisors, Inc 1,311,047 sh (-1.61%)
Ken Fisher 4,578,556 sh (-3.42%)
Charles Brandes 1,382,967 sh (-10.97%)
» More
Q1 2013

TM Guru Trades in Q1 2013

Steven Cohen 4,488 sh (New)
Sarah Ketterer 39,091 sh (+12.53%)
Ken Heebner 300,000 sh (+7.14%)
Bill Gates 153,300 sh (unchged)
Jean-Marie Eveillard Sold Out
Donald Smith 347,093 sh (-0.05%)
Ken Fisher 4,526,707 sh (-1.13%)
John Rogers 3,821 sh (-14.88%)
Charles Brandes 1,162,329 sh (-15.95%)
Manning & Napier Advisors, Inc 1,061,920 sh (-19%)
NWQ Managers 2,787 sh (-24.94%)
» More
» Details

Insider Trades

Latest Guru Trades with TM

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2013-03-31 Sold Out $93.25 - $105.93 $ 124.6624%0
Jean-Marie Eveillard 2012-12-31 New Buy$74.5 - $92.63 $ 124.6652%10000
Donald Smith 2012-06-30 Add 22.93%0.17%$74.48 - $86.63 $ 124.6658%369197
Donald Smith 2011-06-30 Add 22.34%0.16%$76.12 - $83.63 $ 124.6656%320595
Donald Smith 2011-03-31 New Buy0.65%$78.63 - $93.68 $ 124.6646%262050
Lee Ainslie 2010-09-30 Sold Out 0.46%$67.84 - $74.25 $ 124.6676%0
Charles Brandes 2010-09-30 Add 35.71%0.28%$67.84 - $74.25 $ 124.6676%2413636
Daniel Loeb 2010-06-30 Sold Out 2.29%$68.48 - $81.26 $ 124.6666%0
Lee Ainslie 2010-06-30 New Buy0.46%$68.48 - $81.26 $ 124.6666%529694
Daniel Loeb 2010-03-31 New Buy2.29%$71.55 - $91.78 $ 124.6656%400000
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Toyota Motor Corp

John Rogers Comments on Toyota Motors - Aug 17, 2012

From his second quarter commentary:

In our international and global portfolios, we recently made a large investment in Toyota Motors (TM), a 75-year old company whose best days, in our opinion, are still ahead. While it is not a play on Cloud Computing or China or the iPhone, it is a multi-billion dollar business that has delighted customers globally with its well-engineered and reliable, low-cost products. Allow us to share our views that drive our investment thesis:

- It does not manufacture in China, yet ranks among the lowest cost producers of its products in the world
- It does not charge the highest prices, yet delivers the best quality in each of its product segments
- It leads in next generation technologies in its industry and is usually the first to commercially deploy them
- Hundreds of books have been published on its business model, yet no company has replicated its recipe to secure sustainable competitive advantages
- It is dominant in its home market and even more successful overseas, with 50% of revenues stemming from exports
- It has one of the strongest balance sheets in its sector

A Perfect Storm

How can such a terrific franchise also be a terrific investment bargain? A perfect storm erupted for Toyota and the stock fell more than -50%. Not only did the industry undergo a severe downturn, but its manufacturing facilities suffered from natural catastrophes, creating cost, quality and supply chain problems. Like any astute leadership team, management took advantage of the crisis and engaged in deeper soul searching to uncover underlying problems hidden by past success. One key problem was that the company had become too focused on production targets, instead of on the changing priorities and tastes of consumers.

A Bold Move Forward

While Toyota has always prided itself on making small but continuous improvements, it made a bold move to fundamentally overhaul its organizational structure, manufacturing base and product lineup. Design engineers were given equality of status alongside production engineers. Sales and distribution channels received a direct voice to Design Teams. This 360 degree feedback loop ensures that products are designed, engineered and produced to 'wow' the consumer on cost and efficiency, as well as on aesthetics and feel.

With industry sales recovering, the company's sales have stabilized, profits have improved and cash-flow generation has increased dramatically. Yet, the stock remains undervalued due to headwinds from currency appreciation. We take solace in the fact that the company has a proven track record of pioneering manufacturing practices, which deliver ongoing improvement in efficiency. There is no reason to believe Toyota Motors won't overcome this currency headwind in the future, just as they have in the past, by reducing costs, improving productivity and increasing their overseas production ratio. Its engineering knowhow and manufacturing prowess has allowed it to offer low-priced, entry-level cars (Corolla & Camry) to next generation technology hybrid cars (Prius) to highend, luxury models (Lexus). The CEO, Akio Toyoda, personally test-drives each car model and recommends design and feature changes. In our judgment, he is the right person to lead a company that needs to master the soft parts of the car (design, soul, feel) as it has the hard ones (reliability, fuel efficiency and value engineering).

Check out John Rogers latest stock trades

Top Ranked Articles about Toyota Motor Corp

John Rogers Comments on Toyota Motors
August 17, 2012
From his second quarter commentary: Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 26.70
TM's P/E(ttm) is ranked lower than
149031% of the 671 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 14.90 vs. TM: 26.70 )
TM' s 10-Year P/E(ttm) Range
Min: 7.45   Max: 56.53
Current: 26.7
7.45
56.53
P/B 1.90
TM's P/B is ranked lower than
130548% of the 766 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.22 vs. TM: 1.90 )
TM' s 10-Year P/B Range
Min: 0.76   Max: 2.53
Current: 1.9
0.76
2.53
P/S 0.92
TM's P/S is ranked lower than
68% of the 782 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 0.60 vs. TM: 0.92 )
TM' s 10-Year P/S Range
Min: 0.35   Max: 1.42
Current: 0.92
0.35
1.42
PFCF 35.80
TM's PFCF is ranked lower than
206185% of the 485 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 14.17 vs. TM: 35.80 )
TM' s 10-Year PFCF Range
Min: 3.24   Max: 182.54
Current: 35.8
3.24
182.54
EV-to-EBIT 9.1
TM's EV-to-EBIT is ranked lower than
151515% of the 660 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 11.80 vs. TM: 9.1 )
TM' s 10-Year EV-to-EBIT Range
Min: 10.6   Max: 150.2
Current: 9.1
10.6
150.2
PEG 1.4
TM's PEG is ranked lower than
373134% of the 268 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.12 vs. TM: 1.4 )
TM' s 10-Year PEG Range
Min: 0.41   Max: 1.65
Current: 1.4
0.41
1.65
Shiller P/E 35.6
TM's Shiller P/E is ranked lower than
100% of the Companies
in the Global Auto Manufacturers industry.

( Industry Median: vs. TM: 35.6 )
TM' s 10-Year Shiller P/E Range
Min: 6.45   Max: 36.53
Current: 35.6
6.45
36.53

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.11
TM's Dividend Yield is ranked lower than
188324% of the 531 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.74 vs. TM: 1.11 )
TM' s 10-Year Dividend Yield Range
Min: 0.81   Max: 1.86
Current: 1.11
0.81
1.86
Dividend Payout 0.2245
TM's Dividend Payout is ranked lower than
253164% of the 395 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 0.30 vs. TM: 0.2245 )
TM' s 10-Year Dividend Payout Range
Min: 0.35   Max: 0.64
Current: 0.22
0.35
0.64
Dividend growth (3y) 6.5
TM's Dividend growth (3y) is ranked lower than
1351350% of the 74 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 17.80 vs. TM: 6.5 )
TM' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 6.5
Current: 6.5
0
6.5
Yield on cost (5-Year) 1.10
TM's Yield on cost (5-Year) is ranked lower than
186567% of the 536 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.79 vs. TM: 1.10 )
TM' s 10-Year Yield on cost (5-Year) Range
Min: 0.81   Max: 1.86
Current: 1.1
0.81
1.86

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 7.4
TM's Price/Net Cash is ranked lower than
1063829% of the 94 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 10.70 vs. TM: 7.4 )
TM' s 10-Year Price/Net Cash Range
Min: 0   Max: 0
Current: 7.4
Price/Net Current Asset Value 3.5
TM's Price/Net Current Asset Value is ranked lower than
141643% of the 706 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 4.90 vs. TM: 3.5 )
TM' s 10-Year Price/Net Current Asset Value Range
Min: 2   Max: 8.4
Current: 3.5
2
8.4
Price/Tangible Book 1.9
TM's Price/Tangible Book is ranked lower than
134771% of the 742 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.30 vs. TM: 1.9 )
TM' s 10-Year Price/Tangible Book Range
Min: 1   Max: 3
Current: 1.9
1
3
Price/DCF (Projected) 1.1
TM's Price/DCF (Projected) is ranked lower than
526315% of the 190 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.40 vs. TM: 1.1 )
TM' s 10-Year Price/DCF (Projected) Range
Min: 1   Max: 1.8
Current: 1.1
1
1.8
Price/Median PS Value 1.3
TM's Price/Median PS Value is ranked lower than
133511% of the 749 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.20 vs. TM: 1.3 )
TM' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.9
Current: 1.3
0.7
1.9
Price/Graham Number 0.2
TM's Price/Graham Number is ranked lower than
155521% of the 643 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 1.00 vs. TM: 0.2 )
TM' s 10-Year Price/Graham Number Range
Min: 0.7   Max: 2.4
Current: 0.2
0.7
2.4
Earnings Yield (Greenblatt) 11.00
TM's Earnings Yield (Greenblatt) is ranked lower than
147929% of the 676 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 8.30 vs. TM: 11.00 )
TM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 11
Current: 11
0.7
11
Forward Rate of Return (Yacktman) 0.34
TM's Forward Rate of Return (Yacktman) is ranked lower than
438596% of the 228 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 13.88 vs. TM: 0.34 )
TM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.4   Max: 36.5
Current: 0.34
0.4
36.5

Business Description

Toyota Motor Corp. is a limited liability, joint-stock company, which was incorporated under the Corporation Act of Japan. It commenced operations in 1933 as the automobile division of Toyota Industries Corporation and became a separate company on August 28, 1937. In 1982, the Toyota Motor Company and Toyota Motor Sales merged into one company, the Toyota Motor Corporation of today. The company primarily conducts business in the automotive industry. Toyota also conducts business in finance and other industries. Toyota sold 7,352 thousand vehicles in fiscal 2012 on a consolidated basis. Toyota had net revenues of ¥18,583.6 billion and net income attributable to Toyota Motor Corporation of ¥283.5 billion in fiscal 2012. Toyota's business segments are automotive operations, financial services operations and all other operations. Toyota produces and sells passenger cars, minivans and commercial vehicles such as trucks. Toyota Motor Corporation's subsidiary, Daihatsu Motor Co., Ltd. ('Daihatsu'), produces and sells mini-vehicles and compact cars. Hino Motors, Ltd. ('Hino'), also a subsidiary of Toyota Motor Corporation, produces and sells commercial vehicles such as trucks and buses. Toyota also manufactures automotive parts, components and accessories for its own use and for sale to others. Toyota's financial services include loan programs and leasing programs for customers and dealers. Toyota's revenues from its financial services operations were ¥1,100.3 billion in fiscal 2012, ¥1,192.2 billion in fiscal 2011 and ¥1,245.4 billion in fiscal 2010. In addition to its automotive operations and financial services operations, Toyota is involved in a number of other non-automotive business activities. Net sales for these activities totaled ¥1,048.9 billion in fiscal 2012, ¥972.2 billion in fiscal 2011 and ¥947.6 billion in fiscal 2010. Sales to external customers of all other operations in fiscal 2012 represented 2.9% of Toyota's net revenues for fiscal 2012. Its operations are subject to various laws and governmental regulations including those related to vehicle safety and environmental matters such as emission levels, fuel economy, noise and pollution.
Company Website
Industry: Auto Manufacturers
Compare:VLKPY, BAMXF, DDAIF, NSANY, GM
Traded in other countries:TYT.UK, 7203.Japan, 7203.Japan, TOM.Germany, TOMA.Germany

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