Most American readers will be well aware of the significant share and scale that Caterpillar (NYSE:CAT) enjoys in the construction and mining industries. What may be less appreciated is that Japan's Komatsu (Nasdaq:KMTUY)
enjoys similar scale on a global basis, and has done quite well for
itself in markets like China and Indonesia. What's more, Komatsu has
made considerable investments in a variety of automation technologies
that could set its equipment apart in the coming years. Valuation here
isn't a simple exercise, but a multi-metric analysis suggests that
Komatsu may well be cheap enough to merit serious investment
consideration.
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