toyota , debt stacked from large manafacturing cap ex. with good products

Accuracy score :

Toyota Motor Corp ADR  TM

Summary (from latest annual report – 2016, fiscal year ends in March)

·         Total equity  : 165.17 billion USD

·         Market Cap is 153.9 billion USD ( last price of the stock is 99.78 USD)

·         Toyota Motor Corp designs, manufactures and sells sedans, minivans, compact cars, sport-utility vehicles, trucks and related parts and accessories. The Company also provides financing, vehicle and equipment leasing and certain other financial services

·         Equity of total company decreased from 165.58 billion USD in 2015 to 165.17 billion in 2016

·         Company has 28.99 billion USD in cash on account (from latest quarterly report  2016 year)

·          Total equity – cash on account = 165.17 billion USD – 28.99 billion USD = 136.18 billion USD

·         Company has 15.81 billion USD treasury stock

·         In 2016 company has 96.38 billion USD long-term debt, short – term debt was 84.04 billion USD                                                                                                                                                            (In 2015 company had 88.40 billion USD short-term debt , long-term debt was 98.77 billion USD)

·         In latest annual report - total equity decreased to 165.17 billion  USD from 165.58 billion USD in 2015, total debt was 180.42 billion USD in 2016)

·         Company's revenue increased in 2016 to 280.13 billion USD from 268.61 billion in 2015

·         Net income in 2016 was 22.81 billion USD, Net income in 2015 was 21.43 billion USD

·         In 2015 company paid 6.96 billion usd dividend to its shareholders

Toyota Motor Corp ADR  TM

Toyota Motor Corporation is a Japanese automotive manufacturer headquartered in Toyota, Aichi, Japan. In March 2014 the multinational corporation consisted of 338,875 employees worldwide and, as of February 2016, is the 13th-largest company in the world by revenue. Toyota is the world's market leader in sales of hybrid electric vehicles, and one of the largest companies to encourage the mass-market adoption of hybrid vehicles across the globe. Cumulative global sales of Toyota and Lexus hybrid passenger car models passed the 9 million milestone in April 2016. Its Prius family is the world's top selling hybrid nameplate with almost 5.7 million units sold worldwide as of 30 April 2016.

Toyota Motor Corporation produces vehicles under 5 brands, including the Toyota brand, Hino, Lexus, Ranz, and Scion.


Toyota Motor divisions:

·         Japan: Net revenues in Japan increased by 355.6 billion yen, or 2.5%, to 14,759.4 billion yen in FY2016 compared with FY2015 – Japan division worth 60 billion USD

·         North America: Net revenues in North America increased by 1,374.3 billion yen, or 14.2%, to 11,051.9 billion yen in FY2016 compared with FY2015 - worth 45 billion USD

·         Europe: Net revenues in Europe decreased by 186.9 billion yen, or 6.6% in FY2016 compared with FY2015 - worth 9 billion USD

·         Asia: Net revenues in Asia increased by 22.6 billion yen, or 0.5%, in FY2016 compared with FY2015 - worth 15 billion USD

·         Other (Central and South America, Oceania, Africa and the Middle East): Net revenues in other regions decreased by 239.0 billion yen, or 9.8%, to 2,210.2 billion yen in FY2016 compared with FY2015 - worth 10 billion USD

·         Financial services: Net revenues for the financial services operations increased by 235.0 billion yen, or 14.2%, to 1,896.2 billion yen in FY2016 compared with FY2015 - worth 8 billion USD

Toyota Motor sold 2.05 million units in Japan, 2.83 million units in North America, 844,412 in Europe, 1.34 million units in Asia, 1.59 million units on other markets (For the year ended March 31, 2016)



TM acquisitions :


·         Toyota Motor holds a 51.2% stake in Daihatsu worth 2.9 billion USD

·         Toyota Motor holds a 50.1% stake in Hino Motors worth 10 billion USD

·         Global sales of Lexus vehicles increased by 12% in 2015 to reach another annual sales record with 652,00 units sold world-wide, Lexus brand worth about 10 billion USD

·         Toyota Motor holds a 24.7% stake in Denso worth 7 billion USD

·         Toyota Motor holds a 30% stake in Aisin Seiki Co worth 3.5 billion USD

·         Toyota Motor holds a 16.6% stake in Fuji Heavy Industries worth 4.4 billion USD

·         Toyota Motor holds a 5.9% stake in Isuzu Motors worth 650 million USD

·         During the last several years Toyota Motor made several smaller investments in companies like : Noble Automotive, Uber, Yamaha Motor Company, Tesla - worth 500 million USD


Total = 38.95 billion usd

In November 2015, the company announced that it would invest US$1 billion over the next 5 years into artificial intelligence and robotics research.

During the years ended March 31, 2014, 2015 and 2016, Toyota made several acquisitions and dispositions, however the assets and liabilities acquired or transferred were not material ( under 150 million USD) - from annual report 2016



Opinion about the company

Fundamentally it is a good company and in the future we can expect its growth (Total debt is very big (180.42 billion usd), company has 28.99 billion USD in cash on account, ROE is around 13 %).



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