BST:2ZN

Stock Analysis Report

Executive Summary

Star Micronics Co., Ltd. produces and sells point-of-sale printers, machine tools, and precision products worldwide.

Snowflake

Fundamentals

Excellent balance sheet with solid track record.

Risks

  • Star Micronics is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Star Micronics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.9%

BST:2ZN

2.6%

DE Machinery

2.6%

DE Market


1 Year Return

n/a

BST:2ZN

-34.4%

DE Machinery

-9.6%

DE Market

No trading data on 2ZN.

No trading data on 2ZN.


Share holder returns

2ZNIndustryMarket
7 Day1.9%2.6%2.6%
30 Day2.0%-5.7%-3.0%
90 Day9.7%-13.8%-1.4%
1 Yearn/a-32.2%-34.4%-6.8%-9.6%
3 Yearn/a-22.5%-28.0%11.0%1.5%
5 Yearn/a3.7%-8.0%25.6%8.2%

Price Volatility Vs. Market

How volatile is Star Micronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Star Micronics undervalued based on future cash flows and its price relative to the stock market?

3%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Star Micronics's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Star Micronics's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Star Micronics is good value based on earnings compared to the DE Machinery industry average.

Star Micronics is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Star Micronics earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Star Micronics is good value based on assets compared to the DE Machinery industry average.


Next Steps

Future Growth

How is Star Micronics expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

-8.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Star Micronics's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Star Micronics's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Star Micronics's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.

Star Micronics's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.

Star Micronics's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Star Micronics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Star Micronics performed over the past 5 years?

23.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Star Micronics has delivered over 20% year on year earnings growth in the past 5 years.

Star Micronics's 1-year earnings growth exceeds its 5-year average (81.7% vs 23.3%)

Star Micronics's earnings growth has exceeded the DE Machinery industry average in the past year (81.7% vs -11.8%).


Return on Equity

Star Micronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Star Micronics used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Star Micronics has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Star Micronics's financial position?


Financial Position Analysis

Star Micronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Star Micronics's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Star Micronics's level of debt (21.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (4.5% vs 21.4% today).

Debt is well covered by operating cash flow (69.3%, greater than 20% of total debt).

Star Micronics earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 5.7x debt.


Next Steps

Dividend

What is Star Micronics's current dividend yield, its reliability and sustainability?

4.01%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Star Micronics before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Star Micronics's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.51%).

Star Micronics's dividend is below the markets top 25% of dividend payers in Germany (4.17%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Star Micronics's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Mamoru Sato (59yo)

2.4yrs

Tenure

0

Mamoru Sato has been Chief Executive Officer and President of Star Micronics Co., Ltd. since March 1, 2017. Mamoru Sato served as Managing Director at Star Micronics Co., Ltd. since May 2014 until March 1, ...


Management Age and Tenure

2.8yrs

Average Tenure

The tenure for the Star Micronics management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

62yo

Average Age

The tenure for the Star Micronics board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Hiroshi Tanaka

    MD, GM of Precision Products Division & Director

    • Tenure: 0.0yrs
  • Blues Aoki

    Senior Executive Officer

    • Tenure: 7.4yrs
  • Junichi Murakami

    Senior Executive Officer

    • Tenure: 3.3yrs
  • Mamoru Sato (59yo)

    President

    • Tenure: 2.4yrs
  • Hiroyuki Sugiura

    Senior Executive Officer

    • Tenure: 3.3yrs
  • Yoshikazu Nishizawa

    Executive Officer & GM of Technical Center

    • Tenure: 5.4yrs
  • Masato Yamanashi

    Senior Exec. Officer

    • Tenure: 2.4yrs
  • Yasunao Sasai

    Senior Executive Officer & GM of Machine Tools Division

    • Tenure: 0.1yrs
  • Kazuyoshi Terao

    Executive Officer & GM of Special Products Division

    • Tenure: 0.6yrs
  • Fumio Masuda

    Exe. Off.

    • Tenure: 0.1yrs

Board Members

  • Hajime Sato

    Chairman of the Board

    • Tenure: 2.4yrs
  • Hiroshi Tanaka

    MD, GM of Precision Products Division & Director

    • Tenure: 0.0yrs
  • Michimasa Honda (62yo)

    Outside Director

    • Tenure: 1.6yrs
  • Seigo Iwasaki (73yo)

    Outside Director

    • Tenure: 0.0yrs
  • Hide Doko

    Outside Director

    • Tenure: 3.3yrs
  • Mamoru Sato (59yo)

    President

    • Tenure: 2.4yrs
  • Motoki Sugimoto

    Outside Director

    • Tenure: 3.3yrs

Company Information

Star Micronics Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Star Micronics Co., Ltd.
  • Ticker: 2ZN
  • Exchange: BST
  • Founded: 1947
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: JP¥51.116b
  • Listing Market Cap: JP¥432.974m
  • Shares outstanding: 35.92m
  • Website: https://www.star-m.jp

Number of Employees


Location

  • Star Micronics Co., Ltd.
  • 20-10 Nakayoshida
  • Suruga-ku
  • Shizuoka
  • Shizuoka
  • 422-8654
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
7718TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
2ZNBST (Boerse-Stuttgart)YesCommon StockDEEURJan 1992

Biography

Star Micronics Co., Ltd. produces and sells point-of-sale printers, machine tools, and precision products worldwide. It offers small printers, including thermal, dot matrix, hybrid, and portable printers;  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 22:46
End of Day Share Price2019/08/22 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.