Toyota Motor Corp/
Through the investors’ lenses
1 of 4 cleared5 of 9 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 3/4
| Measure | TM | Checked against | |
|---|---|---|---|
| Owner earnings | $990.00m | positive | ✓ |
| Return on equity | 7.9% | US median 2.8% | ✓ |
| Debt to equity | 0.60x | US median 0.57x | ✗ |
| Operating margin | 6.0% | US median 3.1% | ✓ |
Passes 3 of 4. These are the measures Warren Buffett published, applied to Toyota Motor Corp/’s own figures — their criteria, not their view of this company. What he looks at, and why →
Benjamin Graham 0/2
| Measure | TM | Checked against | |
|---|---|---|---|
| Current ratio | 1.07x | 2.00x published | ✗ |
| Long-term debt to working capital | 8.41x | 1.00x published | ✗ |
Passes 0 of 2. These are the measures Benjamin Graham published, applied to Toyota Motor Corp/’s own figures — their criteria, not their view of this company. What he looks at, and why →
Joel Greenblatt 1/1
| Measure | TM | Checked against | |
|---|---|---|---|
| Return on capital employed | 6.8% | US median 5.1% | ✓ |
Passes 1 of 1. These are the measures Joel Greenblatt published, applied to Toyota Motor Corp/’s own figures — their criteria, not their view of this company. What he looks at, and why →
Peter Lynch 1/2
| Measure | TM | Checked against | |
|---|---|---|---|
| Debt to equity | 0.60x | US median 0.57x | ✗ |
| Net margin | 4.4% | US median 2.0% | ✓ |
Passes 1 of 2. These are the measures Peter Lynch published, applied to Toyota Motor Corp/’s own figures — their criteria, not their view of this company. What he looks at, and why →
Last usable year: 2013-03-31 — 163 months ago. Nothing filed since gives the figures a payout ratio needs. For a company that once paid, that usually means it stopped.
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | 29.7% | whyThe figure most screeners publish. |
| Operating cash flow | 7.8% | whyBefore capital spending. |
| Free cash flow | 39.8% | whyAfter maintaining the business. |
Spread between highest and lowest: 32.1 percentage points. Same filings, different denominators.
Coverage rating 18 / 100 — Not covered. ? Peer standing 14/50Direction 4/30Stability 0/20
Free cash flow payout, last 3 years
| Fiscal year | Payout |
|---|---|
| 2013-03-31 | 39.8% |
| 2011-03-31 | 42.4% |
| 2010-03-31 | 8.8% |
28% of the 118 industrials here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $0.960 ÷ diluted EPS $3.23
- Operating cash flow — dividends paid $2,020m ÷ operating cash flow $26,064m
- Free cash flow — dividends paid $2,020m ÷ (operating cash flow $26,064m − capex $20,990m)
Where the figures came from
- 20-F filed 2013-06-24 · accession 0001193125-13-268044
- 20-F filed 2015-06-24 · accession
0001193125-15-232464
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- DPS $0.96 filed as declared, but dividends paid imply $0.64 — one of the two underlying facts is wrong. The filed per-share figure is used.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated not covered · when it files.
Who else looks like this
Every figure above is computed from Toyota Motor Corp/’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.
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