7951:TSEYamaha Corporation Analysis
Data as of 2026-06-20 - not real-time
¥1,115.00
Latest Price
5/10Risk
Risk Level: Medium
Executive Summary
Yamaha Corp (7951.T) trades at ¥1,115, just above its 20‑day SMA (¥1,114.5) but below the 50‑day SMA (¥1,138), indicating a short‑term pull‑back within a broader neutral trend. The RSI sits at 49, and the MACD histogram is positive with a bullish signal, while volume is on the rise, suggesting modest upside momentum toward the resistance at ¥1,161.
Fundamentally, revenue grew 11.6% YoY, forward earnings are projected at ¥76.29 (forward PE 14.6x) and the dividend yield of 2.36% is comfortably covered by cash flow, making the payout sustainable. However, the DCF fair value (~¥1,022) is below the current price, implying the stock is priced slightly above intrinsic value but still near its target median of ¥1,100, with market sentiment in an "Extreme Greed" phase.
Fundamentally, revenue grew 11.6% YoY, forward earnings are projected at ¥76.29 (forward PE 14.6x) and the dividend yield of 2.36% is comfortably covered by cash flow, making the payout sustainable. However, the DCF fair value (~¥1,022) is below the current price, implying the stock is priced slightly above intrinsic value but still near its target median of ¥1,100, with market sentiment in an "Extreme Greed" phase.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 6/10
Key Factors
- Price near short‑term support (¥1,073) and resistance (¥1,161)
- Bullish MACD histogram with increasing volume
- Neutral RSI indicating no overbought/oversold pressure
Medium Term
1–3 yearsPositive
Model confidence: 7/10
Key Factors
- Robust revenue growth of 11.6% and improving forward PE (14.6x)
- Sustainable dividend yield of 2.36% with a ~49% payout ratio
- Target median price (~¥1,100) close to current level, offering modest upside
Long Term
> 3 yearsNeutral
Model confidence: 8/10
Key Factors
- Strong cash position (¥113B) versus modest debt, providing financial resilience
- Diversified product portfolio across musical instruments, audio, and other segments
- Valuation slightly above DCF fair value, suggesting limited long‑term price appreciation
Key Metrics & Analysis
Financial Health
Revenue Growth11.60%
Profit Margin5.10%
P/E Ratio21.1
ROE5.12%
ROA3.23%
Debt/Equity3.47
P/B Ratio1.0
Op. Cash Flow¥45.8B
Free Cash Flow¥16.5B
Technical Analysis
TrendNeutral
RSI49.1
Support¥1,073.00
Resistance¥1,161.00
MA 20¥1,114.53
MA 50¥1,138.11
MA 200¥1,094.36
MACDBullish
VolumeIncreasing
Fear & Greed Index91.46
Valuation
Fair Value¥1,022.42
Target Price¥1,145.71
Upside/Downside2.75%
GradeFair
TypeBlend
Dividend Yield2.36%
Risk Assessment
Beta0.13
Volatility38.02%
Sector RiskMedium
Reg. RiskLow
Geo RiskMedium
Currency RiskMedium
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.