Toyota Motor (TM) has a market cap of $203.3 billion. It fell by 1.4% to close at $118.62 per share on August 26, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -0.84%, 7.1%, and -3.6%, respectively, on the same day. TM is trading 1.7% above its 20-day moving average, 7.9% above its 50-day moving average, and 7.2% above its 200-day moving average.
TM is trading 1.7% above its 20-day moving average, 7.9% above its 50-day moving average, and 7.2% above its 200-day moving average.
Related ETF and peers
The Schwab Fundamental International Large Company ETF (FNDF) invests 0.07% of its holdings in Toyota. The ETF tracks an index of large firms from developed markets, ex-US. Its selection and weighting are based on fundamental factors, including sales, cash flow, and dividends and buybacks. The YTD price movement of FNDF was 4.2% on August 26.
The market caps of Toyota Motor’s competitors are as follows:
Latest news on Toyota Motor
In a press release on August 26, 2016, Toyota Motor reported, “Toyota Motor Sales, USA, Inc. (TMS) announced that it has officially opened a new parts distribution center (PDC) in Lithia Springs, Georgia. The new Atlanta PDC will employ up to 30 employees in 107,000 square feet of space. Stocking ~43,000 Lexus parts, the facility will serve 27 Lexus dealers in the Southeast, primarily in Atlanta, as well as a five-state area that includes Georgia, North Carolina, South Carolina, Alabama, and Tennessee.”
It also added that “the Atlanta PDC offers Lexus dealers a way to place a parts order at the end of the business day and have them delivered before the start of business the next morning. The PDC will also offer same-day service in some select areas where dealers can place an order in the late morning and either pick up the part at the PDC or at a centralized meeting point.”
Toyota Motor’s sales in July 2016
In July 2016, Toyota Motor reported total Toyota sales of ~214,000 units, which is a fall of 1.4% from July 2015. It reported total Toyota division sales of 186,000 units, a fall of 0.5% from July 2015. The company reported total Lexus sales of nearly 28,000 units, which a decline of 6.5% from July 2015.
Sales reported by type were as follows:
- Toyota cars: ~102,000 units, a decline of 8.8% from July 2015
- Toyota truck: ~112,000 units, a rise of 6.5% over July 2015
Toyota Motor’s performance in fiscal 1Q17
Toyota Motor reported fiscal 1Q17 total net revenues of 6.6 trillion Japanese yen, a fall of 5.7% from total net revenues of 7.0 trillion yen in fiscal 1Q16. The company’s operating income dropped by 15.1% between fiscal 1Q16 and fiscal 1Q17.
Its net income and EPS (earnings per share) fell to 552.5 billion yen and ~179.1 yen, respectively, in fiscal 1Q17, as compared to 646.4 billion yen and 205.3 yen, respectively, in fiscal 1Q16.
TM’s cash and cash equivalents rose by 11.4%, and its inventories fell by 5.0% between fiscals 4Q16 and 1Q17. Its current ratio and debt-to-equity ratio fell to 1.08x and 1.6x, respectively, in fiscal 1Q17, from 1.13x and 1.7x, respectively, in fiscal 4Q16.
The company has made the following projections for fiscal 2017:
- net revenues of 26.0 trillion yen
- operating income of 1.6 trillion yen
- net income of 1.5 trillion yen
In the next part of this series, we’ll discuss Herbalife (HLF).