DMW Corporation

6365.T · Industrials · Specialty Industrial Machinery · Valued as of 2026-11-03 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

274.34M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

266.93M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

191.98M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

244.42M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

144.65M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.69×

the ratio the screener ranks by

Margin of Safety

+40.8%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 274.34M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)234.25M USD
+②Net Cash Today37.26M USD
+③Growth Value2.84M USD
=Value274.34M USD

EPV of the Operations (NOPAT over WACC)

234.25M USD

Net cash today

+37.26M USD

Growth Value

+2.84M USD

Value

274.34M USD

①EPV (earnings power value)

234.25M USD

②Net Cash Today

37.26M USD

③Growth Value

2.84M USD

Market value

Market Cap144.65M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+47.3%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 266.93M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE115.48M USD
+②Equity at Year 15, Today151.45M USD
=Value266.93M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

115.48M USD

②Equity at Year 15, Today

151.45M USD

Market value

Market Cap144.65M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+45.8%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 191.98M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 191.98M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Cash Today

Not in the value

Market value

Market Cap144.65M USD

The price on the date above times the shares.

Value vs market

Margin of Safety+24.7%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 5.86%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.23×Market Risk Premium 6.00%= 5.87%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 6.42M USDPretax Income 22.80M USD= 28.16%

The tax the interest saves.

Interest Expense =EBIT 21.89M USD−Pretax Income 22.80M USD= —

The interest the company paid: EBIT is the profit before tax plus the interest.

No interest is read: it needs debt and an EBIT above the profit before tax, the gap between them being the interest. Without it the cost of debt takes the 4% default.

Cost of Debt 4.00% (default): with no debt or no interest read, the 4% default after tax stands for what the lenders are paid a year.

Debt Weight =Total Debt 551.10K USDMarket Cap + Total Debt 144.65M USD + 551.10K USD= 0.38%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 99.62%×Cost of Equity 5.87%+Debt Weight 0.38%×Cost of Debt 4.00%= 5.86%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 261.28M USD − Total Liabilities 69.29M USD = Book Value Today 191.98M USD

Total Debt 551.10K USD − Cash and Short-Term Investments 37.81M USD = Net Debt Today -37.26M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-2.1%at most 5%passes4,150,409 / 4,238,082
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets-5.0%at least -10.0%passes(3.30M USD − 16.38M USD) ÷ 261.28M USD
Price to bookMarket Cap ÷ Book Value Today0.75×at most 3×passes144.65M USD ÷ 191.98M USD
Operating marginOperating Income ÷ Revenue12.4%above 10.0%passes21.89M USD ÷ 176.53M USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-6.0%above 10.0%does not pass176.53M USD / 187.85M USD
Net cash(Cash − Total Debt) ÷ Market Cap25.8%above -30%passes(37.81M USD − 551.10K USD) ÷ 144.65M USD
Operating efficiencyOperating Income ÷ Gross Profit45.4%above 25.0%passes21.89M USD ÷ 48.18M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

5465.46 JPY

Enterprise value

11.59B JPY

the provider's own figure

EV / EBITDA

2.51×

Price / book

0.73×

the provider's book

Price / earnings

7.58×

Return on equity

10.2%

the provider's figure, not this page's

Profit margin

10.4%

Revenue growth

9.0%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2023202420252026
Income statement

Revenue

179.41M159.27M187.85M176.53M

Gross profit

44.51M39.55M49.01M48.18M

Operating income

19.13M15.10M21.64M21.89M

EBITDA

operating income before depreciation and amortisation

23.27M19.21M26.29M25.92M

Pretax income

20.20M16.62M22.75M22.80M

Net income

14.06M11.57M16.23M16.38M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

14.20M11.28M16.34M16.76M

R&D

————
Balance sheet, year end

Total assets

255.61M244.46M270.75M261.28M

Total liabilities

75.86M71.60M84.56M69.29M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

179.75M172.85M186.19M191.98M

Total debt

405.81K389.98K448.26K551.10K

Cash and equivalents

48.55M40.31M43.59M37.81M

Net PP&E

fixed assets after depreciation

32.45M29.32M30.30M30.45M

Working capital

current assets less current liabilities

124.94M118.52M127.89M130.61M
Cash flow

Operating cash flow

11.82M4.83M14.11M3.30M

Capital expenditure

paid out, so below zero

-6.94M-5.01M-4.19M-3.98M

Depreciation and amortisation

4.14M4.11M4.64M4.03M

Free cash flow

operating cash flow plus capital expenditure

4.88M-185.08K9.92M-676.35K