June 2, 2015 Rating: Market Perform Price target: Consensus ¥26,468 O'Neil ¥26,442 Closing price on 6/2/15: ¥27,700 Romeo Alvarez senior equity analyst
[email protected] 310.448.6913 800.545.8940 | williamoneil.com Source: FANUC America Corp. FANUC Maintains Its Reputation for Being the Best FANUC Corp. (
[email protected]; 6954:JP), producer of robotic and indus- trial automation systems, holds a dominant global market posi- tion, due in part to its highly efficient manufacturing base. Along with KUKA AG (IWKX. DE; KU2:GR), ABB Ltd. (ABB.CH; ABBN:VX), As of 06/2/2015 FANUC and Yaskawa Electric (
[email protected]; 6506:JP), FANUC is part of the Symbol
[email protected]; 6954:JP “the Big 4” vying for China’s rapidly expanding industrial robot Price ¥ 27,700 market, and like some of these competitors, it is launching new, Market cap (US$ bil) 53.3 non-automotive applications to fill emerging demand. We be- Shares outstanding (mil) 240 50-day avg daily volume lieve that FANUC will continue to post stable revenue and profit 42.4 (US$ mil) growth over the next few years, as one of the few pure-plays in 52-week high/low ¥28,575/¥16,940 the factory automation market. We are initiating coverage of this 2014 ROE 16.1 stock under our Robotics and Automation theme with a Market Dividend yield 2.3% Perform rating. P/E 26 Company Profile 1-year return 63% Relative Strength rating 87 Japan-based FANUC develops and manufactures computer nu- Accumulation/Distribution C merical control (CNC) equipment, factory automation systems, rating and industrial robots.