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DENSO Corporation (6902.T)

JPY1,941.50 +16.00 (+0.83%)
JP JPX Consumer Cyclical Auto - Parts
Address 1-1, Showa-cho 448-8661
Kariya, JP
CEO Shinnosuke Hayashi
IPO 2000-01-04
ISIN JP3551500006

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Also trades on Other OTC · DNZOF (USD) Other OTC · DNZOY (USD) Tokyo Stock Exchange · 6902.T (JPY)
Description

Headquartered in Kariya, Japan, and established in 1949, DENSO Corporation is a global enterprise engaged in the design, production, and sale of automotive components across Japan, Asia, North America, and Europe. Its extensive product portfolio features a comprehensive suite of air-conditioning systems, including heat pump A/C, control and refrigerant components, heat exchangers, bus air conditioning, automotive freezers, cooling products, and complete heating, ventilation, and air-conditioning units. The company also delivers advanced power-train systems for gasoline, diesel, hybrid, electric, and fuel cell vehicles, encompassing motor generators, power control units, and emission management components. Furthermore, DENSO provides sophisticated safety and cockpit solutions, such as driving environment perception, vehicle dynamic stability, collision prevention, visibility enhancement, cockpit information, and information security systems. Its offerings extend to a wide range of automotive service parts and accessories, which include spark plugs, various filters (oil, cabin air, air), wiper blades, starters, alternators, compressors, oxygen sensors, fuel pumps, specialized air conditioner service parts, radiators, condensers, Plasmacluster ion generators, climate control systems for commercial vehicles (buses, construction), driver status monitors, and truck refrigeration products, as well as equipment for refrigerant recovery, recycling, and charging, alongside repair and support services. Beyond the automotive sector, DENSO offers industrial solutions tailored for manufacturing facilities producing automotive parts, agricultural innovations like the Profarm Controller for greenhouse climate management, household air conditioning equipment, and various other industrial systems.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY1,941.50 +16.00 (+0.83%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
0.61
Float Shares
1.75B
Free Float %
65.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.17% +3.14% +1.35% -15.20% -7.36% -12.50% -2.73% -13.14% +1.72% +75.81% +323.29%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,941.50
DCF (Unlevered) 5,478.64 +182.2%
DCF (Levered) 1,025.18 -47.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 53% Bullish
Rating 2026-05 Change
Strong Buy 3 +1
Buy 6 0
Hold 8 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.04
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Parts: +7.8%
    +5.3% Q1'26: +9.1% (vs Q1'25)
  • EPS growth Auto - Parts: +18.0%
    +12.4% Q1'26: +68.0% (vs Q1'25)
  • FCF margin FCF growth · Auto - Parts: +53.1%
    +2.7% Q1'26: +1.0% (vs Q1'25)
  • EBIT margin Auto - Parts: +7.5%
    +7.6% Q1'26: +9.2% (vs Q1'25)
  • ROIC Auto - Parts: +6.4%
    +8.5% Q1'26: +14.1% (vs Q1'25)
  • Share dilution Auto - Parts: +0.0%
    -5.8% Q1'26: -4.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Auto - Parts: 0.27×
    0.85× Q1'26: 0.71× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.62) × ERP
WACC = 86% × Ke + 14% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5,478.64 Current price: 1,941.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
17 Rev. Ana.
17 EPS Ana.
Mar 2027
15 Rev. Ana.
16 EPS Ana.
Mar 2028
16 Rev. Ana.
16 EPS Ana.
Mar 2029
9 Rev. Ana.
9 EPS Ana.
Mar 2030
4 Rev. Ana.
3 EPS Ana.
Revenue
4.31T
est: 4.28T (+0.8%)
4.52T
est: 4.50T (+0.4%)
4.53T
est: 4.47T (+1.2%)
5.11T
est: 5.07T (+0.8%)
5.36T
est: 5.39T (-0.6%)
5.15T
est: 5.15T (+0.1%)
4.94T
est: 4.83T (+2.2%)
5.52T
est: 5.44T (+1.4%)
6.40T
est: 6.24T (+2.7%)
7.14T
est: 7.19T (-0.6%)
7.16T
est: 7.12T (+0.6%)
7.39T
7.26T – 7.44T
+3.8% YoY
7.64T
7.45T – 7.84T
+3.4% YoY
7.86T
7.62T – 8.16T
+2.9% YoY
8.09T
8.08T – 8.09T
+2.9% YoY
8.21T
7.98T – 8.47T
+1.5% YoY
EBITDA
553.60B
est: 550.32B (+0.6%)
556.02B
est: 579.54B (-4.1%)
573.82B
est: 575.43B (-0.3%)
672.70B
est: 651.78B (+3.2%)
612.30B
est: 693.94B (-11.8%)
377.96B
est: 662.35B (-42.9%)
494.54B
est: 621.54B (-20.4%)
701.51B
est: 699.79B (+0.2%)
790.43B
est: 802.25B (-1.5%)
756.05B
est: 867.90B (-12.9%)
870.48B
est: 859.84B (+1.2%)
892.21B
876.33B – 899.21B
+3.8% YoY
922.85B
899.82B – 947.07B
+3.4% YoY
949.39B
920.47B – 985.70B
+2.9% YoY
976.57B
975.79B – 977.35B
+2.9% YoY
991.37B
963.87B – 1.02T
+1.5% YoY
EBIT
333.49B
est: 280.11B (+19.1%)
319.17B
est: 294.99B (+8.2%)
332.69B
est: 292.89B (+13.6%)
404.08B
est: 331.76B (+21.8%)
324.98B
est: 353.22B (-8.0%)
65.07B
est: 337.14B (-80.7%)
158.96B
est: 316.37B (-49.8%)
354.98B
est: 356.20B (-0.3%)
425.80B
est: 408.35B (+4.3%)
381.78B
est: 633.48B (-39.7%)
493.89B
est: 627.60B (-21.3%)
651.22B
639.63B – 656.33B
+3.8% YoY
673.59B
656.78B – 691.26B
+3.4% YoY
692.96B
671.85B – 719.46B
+2.9% YoY
712.80B
712.23B – 713.37B
+2.9% YoY
723.60B
703.53B – 746.99B
+1.5% YoY
Net Income
258.38B
est: 238.93B (+8.1%)
244.25B
est: 230.63B (+5.9%)
257.62B
est: 217.11B (+18.7%)
320.56B
est: 290.28B (+10.4%)
254.52B
est: 275.20B (-7.5%)
68.10B
est: 170.73B (-60.1%)
125.06B
est: 118.66B (+5.4%)
263.90B
est: 273.83B (-3.6%)
314.63B
est: 310.39B (+1.4%)
312.79B
est: 297.04B (+5.3%)
419.08B
est: 423.20B (-1.0%)
443.76B
344.47B – 467.54B
+4.9% YoY
427.30B
410.98B – 563.08B
-3.7% YoY
491.58B
439.26B – 592.91B
+15.0% YoY
522.36B
498.00B – 624.00B
+6.3% YoY
688.45B
663.62B – 717.38B
+31.8% YoY
SGA
370.58B
est: 322.38B (+15.0%)
390.80B
est: 339.50B (+15.1%)
390.80B
est: 337.09B (+15.9%)
434.44B
est: 381.81B (+13.8%)
452.46B
est: 406.51B (+11.3%)
425.16B
est: 388.00B (+9.6%)
391.88B
est: 364.10B (+7.6%)
417.19B
est: 409.94B (+1.8%)
454.21B
est: 469.96B (-3.4%)
474.71B
est: 522.42B (-9.1%)
509.09B
est: 517.57B (-1.6%)
537.05B
527.50B – 541.27B
+3.8% YoY
555.50B
541.64B – 570.08B
+3.4% YoY
571.47B
554.07B – 593.33B
+2.9% YoY
587.83B
587.36B – 588.30B
+2.9% YoY
596.74B
580.19B – 616.03B
+1.5% YoY
EPS
324.01
est: 82.68 (+291.9%)
307.19
est: 79.81 (+284.9%)
326.32
est: 75.13 (+334.3%)
410.45
est: 100.45 (+308.6%)
81.62
est: 95.23 (-14.3%)
21.97
est: 59.08 (-62.8%)
40.35
est: 41.06 (-1.7%)
85.69
est: 94.75 (-9.6%)
104.00
est: 107.41 (-3.2%)
104.97
est: 108.76 (-3.5%)
145.02
est: 154.95 (-6.4%)
154.63
126.50 – 171.70
-0.2% YoY
173.19
150.93 – 206.79
+12.0% YoY
192.93
161.31 – 217.74
+11.4% YoY
212.33
182.89 – 229.16
+10.1% YoY
252.83
243.71 – 263.45
+19.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-28 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-27 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-26 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-25 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-22 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-21 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-20 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-19 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-18 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-15 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-14 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-13 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-12 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-11 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-08 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-07 A- 4/5 3/5 3/5 4/5 3/5 4/5 4/5
2026-05-01 A 4/5 5/5 3/5 5/5 2/5 4/5 4/5
2026-04-30 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-28 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-27 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-24 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-23 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-22 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-21 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-20 A- 4/5 4/5 3/5 5/5 2/5 3/5 4/5
2026-04-17 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-16 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-15 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
261.22B
OE per share TTM
96.07
Owner's Yield
5.06%
Maintenance CapEx ratio
19.46%
Maint CapEx / Avg PPE
31.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.52M
Shares Outstanding
2.69B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shinnosuke Hayashi President, Chief Executive Officer & Director 176M male
Yasushi Matsui CRO, Chief Financial Officer, CCO, Executive Vice President & Director 99M male
Yasuhiko Yamazaki Executive VP, Chief Strategy Officer, CHRO & Director of Corp Strat HQ of Korea 74M male
Jiro Ebihara Senior Executive Officer, Chief Monozukuri Officer & Head of Purchasing Group male
Kenichiro Ito Chief Executive Officer of EU Area & Senior Executive Officer male
Hirotsugu Takeuchi CTO, Sr.Ex.Off., CDO, Head of Rsrch & Dev Cntr and Head of Production Innovation Center male
Tadashi Arai Accounting Manager
Yasuhisa Sakurai Senior Executive Officer, Head of Sales & Marketing Group of Corporate Strategy Headquarters
Hisashi Iida Senior Executive Officer & Head of Mobility Electronics Business Group male
Chitaka Kambe Senior Executive Officers & Head of General Administration and Human Resources Headquarters
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits