Annonce • Apr 17
Ibiden Co.,Ltd. to Report Fiscal Year 2026 Results on May 11, 2026 Ibiden Co.,Ltd. announced that they will report fiscal year 2026 results on May 11, 2026 Annonce • Mar 06
Ibiden Co.,Ltd. has completed a Follow-on Equity Offering in the amount of ¥52.46771 billion. Ibiden Co.,Ltd. has completed a Follow-on Equity Offering in the amount of ¥52.46771 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,874,700
Price\Range: ¥7632
Discount Per Security: ¥318 Annonce • Mar 05
Ibiden Co.,Ltd. has completed a Follow-on Equity Offering in the amount of ¥52.46771 billion. Ibiden Co.,Ltd. has completed a Follow-on Equity Offering in the amount of ¥52.46771 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,874,700
Price\Range: ¥7632
Discount Per Security: ¥318 Annonce • Feb 24
Ibiden Co.,Ltd. has filed a Follow-on Equity Offering. Ibiden Co.,Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,874,700 Annonce • Nov 29
Ibiden Co.,Ltd. to Report Q3, 2026 Results on Feb 03, 2026 Ibiden Co.,Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026 Annonce • Sep 01
Ibiden Co.,Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Ibiden Co.,Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Annonce • Jun 03
Ibiden Co.,Ltd. to Report Q1, 2026 Results on Aug 01, 2025 Ibiden Co.,Ltd. announced that they will report Q1, 2026 results on Aug 01, 2025 Annonce • May 09
Ibiden Co.,Ltd., Annual General Meeting, Jun 20, 2025 Ibiden Co.,Ltd., Annual General Meeting, Jun 20, 2025. Annonce • Mar 01
Ibiden Co.,Ltd. to Report Fiscal Year 2025 Results on May 08, 2025 Ibiden Co.,Ltd. announced that they will report fiscal year 2025 results on May 08, 2025 Declared Dividend • Dec 30
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 28th March 2025 Payment date: 30th May 2025 Dividend yield will be 73%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Nov 30
Ibiden Co.,Ltd. to Report Q3, 2025 Results on Feb 04, 2025 Ibiden Co.,Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥83.81 (vs JP¥75.91 in 2Q 2024) Second quarter 2025 results: EPS: JP¥83.81 (up from JP¥75.91 in 2Q 2024). Revenue: JP¥93.4b (flat on 2Q 2024). Net income: JP¥11.7b (up 10% from 2Q 2024). Profit margin: 13% (up from 11% in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €26.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electronic industry in Germany. Total loss to shareholders of 47% over the past three years. Annonce • Aug 27
Ibiden Co.,Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Ibiden Co.,Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €32.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electronic industry in Germany. Total loss to shareholders of 20% over the past three years. Reported Earnings • Aug 05
First quarter 2025 earnings released: EPS: JP¥63.10 (vs JP¥52.19 in 1Q 2024) First quarter 2025 results: EPS: JP¥63.10 (up from JP¥52.19 in 1Q 2024). Revenue: JP¥88.2b (down 6.7% from 1Q 2024). Net income: JP¥8.82b (up 21% from 1Q 2024). Profit margin: 10.0% (up from 7.7% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 27th November 2024 Dividend yield will be 53%, which is higher than the industry average of 1.4%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 10%. Reported Earnings • Jun 17
Full year 2024 earnings released: EPS: JP¥225 (vs JP¥374 in FY 2023) Full year 2024 results: EPS: JP¥225 (down from JP¥374 in FY 2023). Revenue: JP¥370.5b (down 11% from FY 2023). Net income: JP¥31.5b (down 40% from FY 2023). Profit margin: 8.5% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Jun 06
Ibiden Co.,Ltd. to Report Q1, 2025 Results on Aug 02, 2024 Ibiden Co.,Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024 Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €37.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Electronic industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €68.70 per share. Board Change • May 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Substitute Outside Director Shogo Komori was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • May 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.5% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.5%). Annonce • Mar 02
Ibiden Co.,Ltd. to Report Fiscal Year 2024 Results on May 01, 2024 Ibiden Co.,Ltd. announced that they will report fiscal year 2024 results on May 01, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥68.03 (vs JP¥87.67 in 3Q 2023) Third quarter 2024 results: EPS: JP¥68.03 (down from JP¥87.67 in 3Q 2023). Revenue: JP¥92.5b (down 10% from 3Q 2023). Net income: JP¥9.50b (down 22% from 3Q 2023). Profit margin: 10% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Feb 02
Ibiden Co.,Ltd., Annual General Meeting, Jun 13, 2024 Ibiden Co.,Ltd., Annual General Meeting, Jun 13, 2024. Agenda: To consider the changes in the Positions of President & CEO, Representative Director. Buy Or Sell Opportunity • Feb 01
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €45.80. The fair value is estimated to be €57.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Annonce • Nov 29
Ibiden Co.,Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Ibiden Co.,Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 Buying Opportunity • Nov 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €53.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Reported Earnings • Oct 28
Second quarter 2024 earnings released: EPS: JP¥75.91 (vs JP¥130 in 2Q 2023) Second quarter 2024 results: EPS: JP¥75.91 (down from JP¥130 in 2Q 2023). Revenue: JP¥93.0b (down 19% from 2Q 2023). Net income: JP¥10.6b (down 41% from 2Q 2023). Profit margin: 11% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €57.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.5%). Annonce • Aug 27
Ibiden Co.,Ltd. to Report Q2, 2024 Results on Oct 26, 2023 Ibiden Co.,Ltd. announced that they will report Q2, 2024 results on Oct 26, 2023 New Risk • Aug 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥52.18 (vs JP¥98.23 in 1Q 2023) First quarter 2024 results: EPS: JP¥52.18 (down from JP¥98.23 in 1Q 2023). Revenue: JP¥94.6b (down 3.8% from 1Q 2023). Net income: JP¥7.29b (down 47% from 1Q 2023). Profit margin: 7.7% (down from 14% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 18
Full year 2023 earnings released: EPS: JP¥374 (vs JP¥295 in FY 2022) Full year 2023 results: EPS: JP¥374 (up from JP¥295 in FY 2022). Revenue: JP¥417.5b (up 4.1% from FY 2022). Net income: JP¥52.2b (up 27% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Annonce • May 28
Ibiden Co.,Ltd. to Report Q1, 2024 Results on Aug 02, 2023 Ibiden Co.,Ltd. announced that they will report Q1, 2024 results on Aug 02, 2023 Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €49.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Electronic industry in Germany. Total returns to shareholders of 116% over the past three years. Reported Earnings • May 03
Full year 2023 earnings released: EPS: JP¥374 (vs JP¥295 in FY 2022) Full year 2023 results: EPS: JP¥374 (up from JP¥295 in FY 2022). Revenue: JP¥417.5b (up 4.1% from FY 2022). Net income: JP¥52.2b (up 27% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.0%). Buying Opportunity • Feb 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €40.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥87.67 (vs JP¥109 in 3Q 2022) Third quarter 2023 results: EPS: JP¥87.67 (down from JP¥109 in 3Q 2022). Revenue: JP¥103.1b (flat on 3Q 2022). Net income: JP¥12.2b (down 19% from 3Q 2022). Profit margin: 12% (down from 15% in 3Q 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annonce • Dec 29
Ibiden Co.,Ltd. to Report Q3, 2023 Results on Feb 02, 2023 Ibiden Co.,Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023 Annonce • Dec 18
Guangzhou Fastprint Investment Co., Ltd. agreed to acquire Ibiden Electronics (Beijing)Co.,Ltd. from Ibiden Co.,Ltd. (TSE:4062) for ¥17.7 billion. Guangzhou Fastprint Investment Co., Ltd. agreed to acquire Ibiden Electronics (Beijing)Co.,Ltd. from Ibiden Co.,Ltd. (TSE:4062) for ¥17.7 billion on December 16, 2022. As on December 31, 2021, Ibiden Electronics (Beijing)Co.,Ltd. generated equity of ¥1.2 billion, total assets of ¥1.4 billion, net sales of ¥879 million, operating loss of ¥46 million and net loss of ¥54 million. The transaction is expected to close on March 31, 2023. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 19% share price gain to €38.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 92% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.85 per share. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥130 (vs JP¥90.89 in 2Q 2022) Second quarter 2023 results: EPS: JP¥130 (up from JP¥90.89 in 2Q 2022). Revenue: JP¥115.3b (up 11% from 2Q 2022). Net income: JP¥18.1b (up 43% from 2Q 2022). Profit margin: 16% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 25 November 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (1.2%). Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥98.23 (vs JP¥68.51 in 1Q 2022) First quarter 2023 results: EPS: JP¥98.23 (up from JP¥68.51 in 1Q 2022). Revenue: JP¥98.3b (up 6.5% from 1Q 2022). Net income: JP¥13.7b (up 43% from 1Q 2022). Profit margin: 14% (up from 10% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.4%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annonce • Jun 30
Ibiden Co.,Ltd. to Report Q1, 2023 Results on Aug 02, 2022 Ibiden Co.,Ltd. announced that they will report Q1, 2023 results on Aug 02, 2022 Reported Earnings • Jun 22
Full year 2022 earnings released: EPS: JP¥295 (vs JP¥184 in FY 2021) Full year 2022 results: EPS: JP¥295 (up from JP¥184 in FY 2021). Revenue: JP¥401.1b (up 24% from FY 2021). Net income: JP¥41.2b (up 60% from FY 2021). Profit margin: 10% (up from 7.9% in FY 2021). Over the next year, revenue is forecast to grow 7.2%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €26.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Electronic industry in Germany. Total returns to shareholders of 83% over the past three years. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥295 (vs JP¥184 in FY 2021) Full year 2022 results: EPS: JP¥295 (up from JP¥184 in FY 2021). Revenue: JP¥401.1b (up 24% from FY 2021). Net income: JP¥41.2b (up 60% from FY 2021). Profit margin: 10% (up from 7.9% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.8%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annonce • Apr 02
Ibiden Co.,Ltd. to Report Fiscal Year 2022 Results on Apr 27, 2022 Ibiden Co.,Ltd. announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.6%). In line with average of industry peers (0.7%). Reported Earnings • Feb 06
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥109 (up from JP¥69.53 in 3Q 2021). Revenue: JP¥103.4b (up 21% from 3Q 2021). Net income: JP¥15.2b (up 56% from 3Q 2021). Profit margin: 15% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 9.4%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS JP¥90.89 (vs JP¥50.73 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥103.5b (up 31% from 2Q 2021). Net income: JP¥12.7b (up 79% from 2Q 2021). Profit margin: 12% (up from 9.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 25 November 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (0.7%). Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥68.51 (vs JP¥32.89 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥92.3b (up 42% from 1Q 2021). Net income: JP¥9.57b (up 108% from 1Q 2021). Profit margin: 10% (up from 7.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year whereas the company’s share price has increased by 53% per year. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥184 (vs JP¥81.08 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥323.5b (up 9.3% from FY 2020). Net income: JP¥25.7b (up 127% from FY 2020). Profit margin: 7.9% (up from 3.8% in FY 2020). Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 47% per year. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥37.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 26x in the Electronic industry in Germany. Total returns to shareholders of 200% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.85 per share. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥184 (vs JP¥81.08 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥323.5b (up 9.3% from FY 2020). Net income: JP¥25.7b (up 127% from FY 2020). Profit margin: 7.9% (up from 3.8% in FY 2020). Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 46% per year. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 02 June 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.5%). Annonce • Mar 04
Ibiden Co.,Ltd. to Report Fiscal Year 2021 Results on Apr 27, 2021 Ibiden Co.,Ltd. announced that they will report fiscal year 2021 results on Apr 27, 2021 Is New 90 Day High Low • Feb 25
New 90-day low: €33.80 The company is down 13% from its price of €38.80 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.24 per share. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥69.53 (vs JP¥30.67 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥85.8b (up 18% from 3Q 2020). Net income: JP¥9.72b (up 127% from 3Q 2020). Profit margin: 11% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue beats expectations Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 15%, compared to a 23% growth forecast for the Electronic industry in Germany. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 17% share price gain to JP¥40.80, the stock is trading at a trailing P/E ratio of 36.2x, up from the previous P/E ratio of 30.9x. This compares to an average P/E of 30x in the Electronic industry in Germany. Total returns to shareholders over the past three years are 225%. Is New 90 Day High Low • Nov 25
New 90-day high: €36.20 The company is up 33% from its price of €27.20 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.06 per share. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total profits of JP¥19.1b, with earnings increasing by JP¥17.3b from the prior year. Total revenue was JP¥295.6b over the last 12 months, up 1.5% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 9.7% at JP¥144.0b. Revenue is forecast to grow 12% over the next year, compared to a 23% growth forecast for the Electronic industry in Germany. Is New 90 Day High Low • Oct 30
New 90-day high: €35.40 The company is up 58% from its price of €22.40 on 31 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.03 per share. Is New 90 Day High Low • Oct 08
New 90-day high: €29.00 The company is up 14% from its price of €25.40 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €40.91 per share. Is New 90 Day High Low • Sep 18
New 90-day high: €28.80 The company is up 16% from its price of €24.80 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.22 per share. Annonce • Aug 30
Ibiden Co.,Ltd. to Report Q2, 2021 Results on Oct 28, 2020 Ibiden Co.,Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020