Toray Industries, Inc. manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products.
Undervalued with adequate balance sheet.
Share Price & News
How has Toray Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TOR1 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TOR1 underperformed the German Chemicals industry which returned -13.2% over the past year.
Return vs Market: TOR1 underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is Toray Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Toray Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TOR1 (€4.06) is trading below our estimate of fair value (€6.4)
Significantly Below Fair Value: TOR1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TOR1 is good value based on its PE Ratio (14.4x) compared to the Chemicals industry average (18.5x).
PE vs Market: TOR1 is good value based on its PE Ratio (14.4x) compared to the German market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: TOR1 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: TOR1 is good value based on its PB Ratio (0.7x) compared to the DE Chemicals industry average (1.5x).
How is Toray Industries forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TOR1's forecast earnings growth (12.7% per year) is above the savings rate (0.2%).
Earnings vs Market: TOR1's earnings (12.7% per year) are forecast to grow slower than the German market (22.2% per year).
High Growth Earnings: TOR1's earnings are forecast to grow, but not significantly.
Revenue vs Market: TOR1's revenue (1.6% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: TOR1's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TOR1's Return on Equity is forecast to be low in 3 years time (6.2%).
How has Toray Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TOR1 has high quality earnings.
Growing Profit Margin: TOR1's current net profit margins (2.5%) are lower than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: TOR1's earnings have declined by -2.4% per year over the past 5 years.
Accelerating Growth: TOR1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TOR1 had negative earnings growth (-29.8%) over the past year, making it difficult to compare to the Chemicals industry average (-18.8%).
Return on Equity
High ROE: TOR1's Return on Equity (5.5%) is considered low.
How is Toray Industries's financial position?
Financial Position Analysis
Short Term Liabilities: TOR1's short term assets (¥1,128.5B) exceed its short term liabilities (¥630.8B).
Long Term Liabilities: TOR1's short term assets (¥1,128.5B) exceed its long term liabilities (¥840.3B).
Debt to Equity History and Analysis
Debt Level: TOR1's debt to equity ratio (77.4%) is considered high.
Reducing Debt: TOR1's debt to equity ratio has increased from 64% to 77.4% over the past 5 years.
Debt Coverage: TOR1's debt is well covered by operating cash flow (24.7%).
Interest Coverage: TOR1's interest payments on its debt are well covered by EBIT (621.7x coverage).
What is Toray Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TOR1's dividend (1.79%) is higher than the bottom 25% of dividend payers in the German market (1.27%).
High Dividend: TOR1's dividend (1.79%) is low compared to the top 25% of dividend payers in the German market (3.83%).
Stability and Growth of Payments
Stable Dividend: TOR1's dividend payments have been volatile in the past 10 years.
Growing Dividend: TOR1's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.9%), TOR1's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Akihiro Nikkaku (71yo)
Mr. Akihiro Nikkaku has been the President of Toray Industries, Inc. since June, 2010 and serves as its Chief Executive Officer and Chief Operating Officer. Mr. Nikkaku served as an Executive Vice Presiden ...
CEO Compensation Analysis
Compensation vs Market: Akihiro's total compensation ($USD1.41M) is below average for companies of similar size in the German market ($USD3.52M).
Compensation vs Earnings: Akihiro's compensation has been consistent with company performance over the past year.
|CEO, President||no data||JP¥152.00m||0.011% ¥764.2k|
|Senior VP||8.5yrs||no data||0.0021% ¥141.5k|
|CTO, Executive VP||15.5yrs||no data||0.0052% ¥344.9k|
|VP, GM of Legal||3.08yrs||no data||0.0014% ¥91.7k|
|Senior VP||9.5yrs||no data||0.0019% ¥128.9k|
|Executive VP||11.5yrs||no data||0.0044% ¥295.0k|
|Senior VP||11.5yrs||no data||0.0045% ¥299.0k|
|Executive VP||12.5yrs||no data||0.0039% ¥261.8k|
|Senior VP||10.5yrs||no data||0.0019% ¥124.9k|
|Senior VP||8.5yrs||no data||0.0036% ¥236.6k|
Experienced Board: TOR1's board of directors are seasoned and experienced ( 11 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Toray Industries, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Toray Industries, Inc.
- Ticker: TOR1
- Exchange: DB
- Founded: 1926
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: JP¥803.175b
- Listing Market Cap: JP¥6.645b
- Shares outstanding: 1.60b
- Website: https://www.toray.co.jp
Number of Employees
- Toray Industries, Inc.
- Nihonbashi Mitsui Tower
- 1-1, Nihonbashi-Muromachi 2-chome
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRYI.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Mar 1991|
|TRYI.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jan 1992|
|3402||TSE (The Tokyo Stock Exchange)||Yes||Common Stock||JP||JPY||Jan 1992|
|TOR1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1992|
Toray Industries, Inc. manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-microfiber non-woven fabric with suede-texture; and apparel products. It also provides nylon, ABS, PBT, PPS, and other resins and molded products; polyolefin foam products; polyester, polyethylene, polypropylene, and other films; processed film products; raw materials for synthetic fibers and plastics; fine chemicals; electronic and information materials; and graphic materials. In addition, the company offers carbon fibers, carbon fiber composite materials, and molded products; analysis, physical evaluation, research, and other services; and pharmaceuticals, medical devices, etc. Further, it provides engineering services; condominiums; industrial equipment and machinery; IT-related equipment; water treatment membranes and related equipment; and materials for housing, building, and civil engineering applications. As of March 31, 2019, Toray Industries, Inc. operated in 26 countries and regions, including Japan. The company was formerly known as Toyo Rayon Co., Ltd. and changed its name to Toray Industries, Inc. in 1970. Toray Industries, Inc. was founded in 1926 and is headquartered in Tokyo, Japan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/03 21:21|
|End of Day Share Price||2020/07/03 00:00|
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.