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Makino Milling Machine Co (MKMLF) Fair Value & Analysis

Industrials · US · Market cap $2.0B

MM Makino Milling Machine Co logo Makino Milling Machine Co MKMLF · US
Price$90.16
Fair Value$116.84
Upside+29.6%
Quality61/100
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Mixed Growth
Thin margins · 8.0% net margin
Low debt · generates free cash flow
2.48% dividend yield
Ranks above peers (11/11)
Moderate moat 45/100
Evidence: High Range $87.63 – $146.05 Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

A solid business, screening 30% undervalued on our models.

What matters now

  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from $87.63 (bear) to $146.05 (bull), base $116.84. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$97.75 $22.14 Fair Value $116.84 Oct 2015 Jul 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 17, 2026.

How to read this chart

60‑month range $22.14 – $97.75 · fair‑value band $87.63 – $146.05 · the $90.16 price screens below the $116.84 fair value. As of Jul 17, 2026.

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Analysis

Makino Milling Machine Co (MKMLF) currently trades at $90.16, while our model-based Fair Value estimate is $116.84, implying the stock looks roughly 29.6% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Makino Milling Machine Co generated revenue of $261B at a net margin of 8.0%. Revenue grew 8.6% year over year. It earns a return on equity of 8.6%. The stock trades on a trailing P/E of 15.3. Fundamentals as of Jul 17, 2026

Our scenario range runs from $87.63 (bear case) to $146.05 (bull case); at $90.16, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 30%, MKMLF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $68.28 $116.90 $189.97 80
Rev-Margin DCF $75.28 $127.19 $199.21 74
ROIC Compounder $72.32 $94.36 $114.23 72
All 24 models by family
DCF Models
FCF DCF $69.74 $113.63 $214.91 38
Owner Earnings $55.61 $93.20 $162.09 31
5Y Revenue Exit $75.28 $129.63 $207.34 39
5Y EBITDA Exit $89.09 $160.07 $254.34 41
5Y P/E Exit $90.13 $162.35 $250.26 38
10Y Revenue Exit $70.84 $122.47 $209.81 36
10Y EBITDA Exit $82.19 $145.13 $250.88 37
10Y P/E Exit $82.88 $146.83 $247.31 35
Earnings-Based
Graham-Dodd $37.83 $217.06 $301.85 54
Lynch FV $61.15 $87.35 $113.56 50
PEG = 1.0 $61.15 $87.35 $113.56 46
EPV $71.02 $79.60 $86.99 59
Multiples
P/E Multiple $87.63 $116.84 $146.05 63
P/S Multiple $70.94 $94.58 $118.23 58
P/B Multiple $70.94 $94.58 $118.23 55
EV/EBIT $101.34 $129.54 $157.74 53
EV/EBITDA $102.76 $131.44 $160.12 54
EV/Revenue $77.12 $102.99 $128.87 43
Asset-Based
NCAV (Graham) $34.60 $46.36 $69.19 50
Growth DCF
Growth DCF $68.28 $116.90 $189.97 80
Rev-Margin DCF $75.28 $127.19 $199.21 74
Economic Profit
Residual Income $56.81 $60.58 $67.26 61
ROIC Compounder $72.32 $94.36 $114.23 72
Growth Earnings
Growth-Adj P/E $90.68 $129.55 $168.41 68

Widest divergence: DCF Models ($129.63) versus Asset-Based ($46.36). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $261B
Revenue growth (YoY) +8.6%
Net margin 8.0%
Return on equity 8.6%
Free cash flow $14.9B FY2026
P/E ratio 15.3
More key figures
Operating margin 10.4%
EPS (TTM) $5.60
Dividend yield 2.5%
EPS growth (YoY) +79.4%

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 100

Profitability 39
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Makino Milling Machine Co., Ltd. engages in the manufacture, sale, and maintenance of machine tools in Japan, Asia, the United States, Europe, and internationally. The company offers machining centers, NC electrical discharge machines (EDM), milling machines, FMS, CAD/CAM systems, and other products.

Full company description

Makino Milling Machine Co., Ltd. engages in the manufacture, sale, and maintenance of machine tools in Japan, Asia, the United States, Europe, and internationally. The company offers machining centers, NC electrical discharge machines (EDM), milling machines, FMS, CAD/CAM systems, and other products. It also provides 5-axis, 4-axis, and 3-axis horizontal and vertical machining, graphite machining centers, wire EDM, sinker EDM, EDM hole drilling, and grinding machines; CNC machining monitoring programs; and automation solutions, including robot integration, linear pallet pool system, fixture plate handling system, pallet automation, and factory automation. In addition, the company provides engineering services, such as application engineering, machine tool integration, and turnkey services. It serves aerospace, automotive, die/mold/ job shops, medical, micromachining, and semiconductor industries. The company was formerly known as Makino Vertical Milling Machine Works and changed its name to Makino Milling Machine Co., Ltd. in April 1961. Makino Milling Machine Co., Ltd. was founded in 1937 and is headquartered in Tokyo, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Makino Milling Machine Co reported revenue of $261B in FY2026 versus $187B in FY2022, a compound +8.8%/yr. Reported net income was $21.0B in FY2026, compounding +14.9%/yr from FY2022.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
$261B
Latest YoY
+11.5%
Avg. growth/yr (3Y)
+4.6%
Avg. growth/yr (5Y)
+17.5%
Avg. growth/yr (12Y)
+6.4%
Revenue +8.8%/yr
FY22 $187B
FY23 $228B
FY24 $225B
FY25 $234B
FY26 $261B
Net income +14.9%/yr
FY22 $12.0B
FY23 $16.1B
FY24 $16.0B
FY25 $14.4B
FY26 $21.0B

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Cite: Fair Value Calculator (2026). "Makino Milling Machine Co Fair Value". https://www.fairvalue-calculator.com/stock/MKMLF

Peer Group

Specialty Industrial Machinery · 809 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Above median
Fair Value upside +30% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 2.5% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 15.3× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 73 · sector 0
FUTURE 43 · sector 23
PAST 34 · sector 28
HEALTH 98 · sector 96
DIVIDEND 50 · sector 24

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
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Frequently asked questions

Is Makino Milling Machine Co (MKMLF) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $116.84 versus a price of $90.16, about +30% (undervalued).
What is the fair value of MKMLF?
Our model-based fair value for Makino Milling Machine Co is $116.84 (as of Jul 17, 2026), built from audited fundamentals. The current price is $90.16.
What is the quality score of MKMLF?
Makino Milling Machine Co has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Makino Milling Machine Co (MKMLF)?
Makino Milling Machine Co reported trailing-twelve-month revenue of about $261B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MKMLF?
The net profit margin of Makino Milling Machine Co is about 8.0%, meaning it keeps roughly 8.0% of revenue as net income. Based on the latest reported figures.
Does Makino Milling Machine Co pay a dividend?
Makino Milling Machine Co currently shows a dividend yield of about 2.48% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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