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DENSO Corporation (DNZOF)

Fair Value
Consumer CyclicalAuto PartsJapan

Fundamental

69

मूल्य

$1829.50

मार्केट कैप

$4.81T

भाग 1 · कंपनी का मूल्य कितना है

अवलोकन

DENSO makes the components that go inside cars rather than complete vehicles: air-conditioning and thermal-management systems, engine and powertrain parts, electronics, electrification hardware like inverters and motors, and semiconductors. It is headquartered in Japan and supplies carmakers worldwide, with Toyota — also its largest shareholder — as its single biggest customer by a wide margin.

यह पैसा कैसे कमाती है

DENSO sells parts as an original-equipment supplier under contracts tied to specific vehicle models, so revenue tracks how many cars carmakers actually build and how much content DENSO wins on each one. Prices are negotiated per component and typically decline over a model's life under automakers' cost-reduction pressure, so DENSO depends on new wins and efficiency gains to protect margins.

मांग को क्या चलाता है

चक्रीय

DENSO's revenue follows global vehicle production, which rises and falls with consumer confidence, credit conditions and automakers' own inventory cycles. Because contracts are tied to specific models, a model's production cut or delay shows up directly in DENSO's results with little lag.

प्रमुख जोखिम

  • Dependence on Toyota group sales — DENSO discloses that fluctuations in Toyota group sales could materially affect its performance, even though it states it negotiates terms with Toyota group companies on the same basis as with other customers.
  • Semiconductor and supply-chain fragility — Recent shortages of automotive semiconductors exposed how dependent DENSO's production is on a resilient global supply chain; a disruption at a chip or raw-material supplier can constrain output across several of its product lines at once.
  • Competition in electrification components — As electrification becomes central to vehicle powertrains, DENSO faces rivals such as LG Magna e-Powertrain and CATL in inverters and battery-related systems, an area where it does not hold the same long incumbency it has in traditional components.

ग्राहक Concentration

शीर्ष ग्राहकों का राजस्व में 48.6% हिस्सा है

For the fiscal year ended March 2026, sales to the Toyota group accounted for 48.6% of DENSO's net sales, according to the company's own related-party disclosure. Toyota also holds roughly 22% of DENSO's voting rights.

खरीदने के पक्ष में तर्क

Buyers argue that DENSO's decades-long relationships with Toyota and other carmakers give it a stable base of contracted volume, and that its shift toward electrification, safety and semiconductor content lets it grow revenue per vehicle even as overall car production stays flat.

बेचने के पक्ष में तर्क

Sellers fear that near-half dependence on a single customer group leaves DENSO exposed to Toyota's own production decisions, that new electrification rivals lack the cost-down pressure of legacy component businesses, and that a global auto downturn would hit DENSO with little room to diversify away from it.

Written by the editors, published on 18 अगस्त 2026

Direct competitors

Who this company fights with for the same customers

Generated on 18 सितंबर 2026 with claude-haiku-4-5 — shared with all users

Robert Bosch GmbHNot tracked

Bosch is the world's largest auto-parts supplier and bids against DENSO for the same carmaker platforms in powertrain control, thermal systems, sensors and electrified drive units.

Aisin Corporation (アイシン株式会社)7259

Aisin is the other large Toyota-group supplier, competing with DENSO for the same Japanese carmakers' business and, through electrified drive units and e-Axles, for the same electrification content per vehicle.

Valeo SEFR

Valeo supplies the same product families as DENSO — thermal and HVAC systems, powertrain electrification, lighting and driver-assistance electronics — to European, Asian and North American automakers.

ZF Friedrichshafen AGNot tracked

ZF is a German full-line supplier that competes head-on with DENSO for electric drive units, chassis electronics and ADAS sensor contracts at the same global carmakers.

Hyundai Mobis Co., Ltd. (현대모비스)012330

Hyundai Mobis plays for Hyundai-Kia the role DENSO plays for Toyota, and increasingly bids outside its home group for the same electrification, braking and cockpit-electronics business.

Hanon Systems (한온시스템)018880

Hanon is the specialist rival in automotive thermal management, competing directly with DENSO's HVAC, heat-pump and battery-cooling systems on electric-vehicle platforms.

बैलेंस शीट और तरलता

राजस्व

$7.79T

अंतिम प्रकाशित तिमाही तक के पिछले 12 महीने — प्रति शेयर मेट्रिक्स से अनुमानित

शुद्ध आय

$432.47B

अंतिम प्रकाशित तिमाही तक के पिछले 12 महीने — प्रति शेयर मेट्रिक्स से अनुमानित

Free Cash Flow

$76.84B

कुल इक्विटी

$5.49T

कुल देनदारियाँ

$3.02T

Current Ratio

2.09

Interest Coverage

17.41

Debt/EBITDA

1.32

Earnings Per Share

राजस्व और शुद्ध आय

Free Cash Flow

आय विवरण

ऐतिहासिक विवरण

समय के साथ मार्जिन

समय के साथ ऋण

ऋण कितना भारी है

वृद्धि तालिका

वृद्धि — राजस्व

Fair Value अनुमान

चक्रीयउचित मूल्यांकित

Fair Value

$1910.70

वर्तमान मूल्य

$1829.50

Margin of Safety

+4.2%

Fair Value सीमा

$1711.28 - $2110.11

इस्तेमाल किए गए valuation methods के बीच का फैलाव, कोई सांख्यिकीय रूप से calibrated confidence interval नहीं।

अनुमान विधियाँ

विश्लेषकों का लक्ष्य मूल्य:$2118.89
डिस्काउंटेड कैश फ्लो (DCF):इस प्रकार की कंपनी पर लागू नहीं
आय गुणक (P/E):$1842.44
Graham वृद्धि फॉर्मूला:इस प्रकार की कंपनी पर लागू नहीं
अर्निंग पावर वैल्यू (EPV):$1688.17
उचित P/B:इस प्रकार की कंपनी पर लागू नहीं
लाभांश डिस्काउंट (Gordon):इस प्रकार की कंपनी पर लागू नहीं
P/FFO, परिचालन से प्राप्त निधि:इस प्रकार की कंपनी पर लागू नहीं
मध्य-चक्र आय:इसकी गणना के लिए पर्याप्त डेटा नहीं
राजस्व गुणक:इस प्रकार की कंपनी पर लागू नहीं
विश्लेषक सहमति:खरीदें (12B / 10H / 2S)
अंतिम Earnings सरप्राइज़:+10.07%

मूल्यांकन मेट्रिक्स

P/E Ratio

11.39

ROE

8.1%

P/B Ratio

0.90

P/FCF

67.23

Gross Margin

15.2%

ROIC

6.5%

लाभप्रदता Radar

मूल्य सृजन (प्रतिस्पर्धी बढ़त)

ROIC

6.5%

WACC

7.4%

ROIC − WACC

-0.9 pp

ROIC लगभग पूंजी की लागत के बराबर है — कंपनी मुश्किल से अपनी पूंजी लागत की भरपाई कर पा रही है।

Fundamental विश्लेषण मानदंड

पास (18)

  • EPS shows upward trend
  • EPS CAGR 16.15%
  • ROIC 6.5%
  • P/B Ratio 0.90
  • Debt/Equity ratio
  • Operating Margin 6.9%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • ROE 8.3%
  • Revenue Growth 5Y 8.8%
  • Analyst Consensus 50% Buy
  • PEG Ratio 0.38
  • Earnings Quality (OCF/NI) 1.15
  • Net Margin Trend 5.9% vs 5.9%
  • Piotroski F-Score 6/9

फेल (7)

  • Price CAGR 4.55%
  • Gross Margin 15.2%
  • P/FCF 67.23
  • CapEx intensity
  • DCF valuation (Fairly valued)
  • Earnings Surprise avg -12.0%
  • Share Dilution 36.9%

अनुपलब्ध (3)

  • Dividend Payout NaN%
  • Return on Tangible Assets
  • Low reliance on intangibles

Piotroski F-Score

6/9

मिश्रित संकेत: कुछ क्षेत्रों पर ध्यान देना आवश्यक

score
criteria

Earnings गुणवत्ता

1.15

उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित

शेयर Dilution

36.9%

नए शेयर जारी कर रही है, स्वामित्व को कम कर रही है

संस्थागत होल्डिंग

इस कंपनी के लिए कोई संस्थागत घोषणा उपलब्ध नहीं है।

प्रशासन

कार्यकारी टीम

नामपदआयु
Mr. Shinnosuke HayashiPresident, CEO & Director61
Mr. Yasushi MatsuiCRO, CCO, Chief Safety & Environment Officer & Representative Director61
Mr. Yasuhiko YamazakiEVP, Chief Strategy Officer, CHRO & Representative Director62
Mr. Seiji MaedaCFO & Head of Corporate Management Headquarters-
Tadashi AraiAccounting Manager-
Masanori SugiuraOperating Exec. Officer & Head of Corporate Legal, IP and Public Affairs Headquarters of Audit Dept.-
Yasuhisa SakuraiSenior Executive Officer, Head of Sales & Marketing Group of Corporate Strategy Headquarters-
Chitaka KambeSenior Executive Officers & Head of General Administration and Human Resources Headquarters-
Mr. Kenichiro ItoCEO of EU Area & Senior Executive Officer63
Mr. Jiro EbiharaSr Exec Off, Chief Monozukuri Officer & Head of Purchasing Group, Corp Strategy Headquarters61

Audit जोखिम

1

बोर्ड जोखिम

6

मुआवजा जोखिम

1

शेयरधारक अधिकार जोखिम

5

भाग 2 · कीमत और खरीदने का समय

यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।

Latest News

Recent headlines for DNZOF, sourced from Markets Gazette.

No recent news for DNZOF.
Disclaimer

यह प्लेटफ़ॉर्म केवल शैक्षिक उद्देश्यों के लिए है। यह कोई वित्तीय, निवेश, या ट्रेडिंग सलाह नहीं देता। सभी स्कोर, मूल्यांकन, और संकेत सार्वजनिक रूप से उपलब्ध डेटा के स्वचालित विश्लेषण पर आधारित हैं जो अधूरे या गलत हो सकते हैं। निवेश निर्णय लेने से पहले हमेशा अपना शोध करें और एक योग्य वित्तीय सलाहकार से परामर्श लें।

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