DB:S3X

Stock Analysis Report

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Executive Summary

Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry primarily in Japan, North America, Asia, and Europe. More Details


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: S3X has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

S3X

-9.7%

DE Semiconductor

-7.3%

DE Market


1 Year Return

-12.0%

S3X

24.5%

DE Semiconductor

-7.7%

DE Market

Return vs Industry: S3X underperformed the German Semiconductor industry which returned 23.1% over the past year.

Return vs Market: S3X underperformed the German Market which returned -7.4% over the past year.


Shareholder returns

S3XIndustryMarket
7 Day1.0%-9.7%-7.3%
30 Day10.2%-1.5%-7.7%
90 Day2.1%10.6%-4.5%
1 Year-10.5%-12.0%26.1%24.5%-4.8%-7.7%
3 Year-24.5%-30.6%-4.5%-8.2%-9.2%-17.2%
5 Year57.6%40.9%98.4%88.0%11.4%-4.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Sumco undervalued compared to its fair value and its price relative to the market?

11.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: S3X (€13.16) is trading below our estimate of fair value (€14.78)

Significantly Below Fair Value: S3X is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: S3X is good value based on its PE Ratio (17.9x) compared to the DE Semiconductor industry average (26.6x).

PE vs Market: S3X is good value based on its PE Ratio (17.9x) compared to the German market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: S3X is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: S3X is good value based on its PB Ratio (1.5x) compared to the DE Semiconductor industry average (1.9x).


Next Steps

Future Growth

How is Sumco forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

17.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: S3X's forecast earnings growth (17.3% per year) is above the savings rate (0.2%).

Earnings vs Market: S3X's earnings (17.3% per year) are forecast to grow slower than the German market (26% per year).

High Growth Earnings: S3X's earnings are forecast to grow, but not significantly.

Revenue vs Market: S3X's revenue (5.7% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: S3X's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: S3X's Return on Equity is forecast to be low in 3 years time (10.9%).


Next Steps

Past Performance

How has Sumco performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S3X has high quality earnings.

Growing Profit Margin: S3X's current net profit margins (9.3%) are lower than last year (16.5%).


Past Earnings Growth Analysis

Earnings Trend: S3X's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: S3X's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: S3X had negative earnings growth (-49.4%) over the past year, making it difficult to compare to the Semiconductor industry average (-54.5%).


Return on Equity

High ROE: S3X's Return on Equity (8.5%) is considered low.


Next Steps

Financial Health

How is Sumco's financial position?


Financial Position Analysis

Short Term Liabilities: S3X's short term assets (¥324.3B) exceed its short term liabilities (¥96.4B).

Long Term Liabilities: S3X's short term assets (¥324.3B) exceed its long term liabilities (¥145.3B).


Debt to Equity History and Analysis

Debt Level: S3X's debt to equity ratio (43.2%) is considered high.

Reducing Debt: S3X's debt to equity ratio has reduced from 76.1% to 43.2% over the past 5 years.

Debt Coverage: S3X's debt is well covered by operating cash flow (54.7%).

Interest Coverage: S3X's interest payments on its debt are well covered by EBIT (95x coverage).


Balance Sheet


Next Steps

Dividend

What is Sumco current dividend yield, its reliability and sustainability?

2.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: S3X's dividend (2.13%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: S3X's dividend (2.13%) is low compared to the top 25% of dividend payers in the German market (3.89%).


Stability and Growth of Payments

Stable Dividend: S3X has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: S3X's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.4%), S3X'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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Mayuki Hashimoto (69 yo)

no data

Tenure

Mr. Mayuki Hashimoto serves as Chief Executive Officer at Sumco Corporation. Mr. Hashimoto served as the President of Sumco Corporation since April 2012. He served as Managing Director and Director of Mit ...


Leadership Team

NamePositionTenureCompensationOwnership
Mayuki Hashimoto
CEO & Chairmanno datano data0.0065%
¥ 251.6k
Michiharu Takii
CFO & Vice Chairman2.58yrsno data0.0059%
¥ 231.3k
Hisashi Furuya
Presidentno datano data0.0054%
¥ 209.9k
Hiroshi Shibaya
Executive Officer and GM of Public Relations & IR Departmentno datano datano data
Kazuo Hiramoto
Executive VP & Representative Director9.5yrsno data0.0030%
¥ 117.6k
Fumio Inoue
Senior Managing Executive Officer2.58yrsno datano data
Seiji Miyachi
Managing Executive Officerno datano datano data
Makoto Itoh
Managing Executive Officerno datano datano data
Kazuhiro Ikezawa
Managing Executive Officerno datano datano data
Jiro Ryuta
Managing Executive Officerno datano datano data
Toshihiro Awa
Senior Managing Executive Officerno datano datano data
Shinichi Kubozoe
Managing Executive Officerno datano datano data

2.6yrs

Average Tenure

67.5yo

Average Age

Experienced Management: S3X's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mayuki Hashimoto
CEO & Chairmanno datano data0.0065%
¥ 251.6k
Michiharu Takii
CFO & Vice Chairman2.58yrsno data0.0059%
¥ 231.3k
Hisashi Furuya
Presidentno datano data0.0054%
¥ 209.9k
Kazuo Hiramoto
Executive VP & Representative Director9.5yrsno data0.0030%
¥ 117.6k
Shinichiro Ota
Independent Outside Director4.58yrsno data0.00024%
¥ 9.3k
Hitoshi Tanaka
Independent Outside Director4.58yrsno data0.00041%
¥ 16.0k
Hiroshi Yoshikawa
Directorno datano data0.0015%
¥ 57.6k
Masahiro Mitomi
Independent Outside Director6.58yrsno data0.0016%
¥ 62.7k
Akio Fuwa
Independent Outside Director2.75yrsno data0.00017%
¥ 6.6k
Akane Kato
Independent Outside Directorno datano datano data
Atsuro Fujii
Directorno datano datano data

4.6yrs

Average Tenure

69yo

Average Age

Experienced Board: S3X's board of directors are considered experienced (4.6 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sumco Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sumco Corporation
  • Ticker: S3X
  • Exchange: DB
  • Founded: 1999
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: JP¥475.195b
  • Listing Market Cap: JP¥3.894b
  • Shares outstanding: 291.17m
  • Website: https://www.sumcosi.com

Number of Employees


Location

  • Sumco Corporation
  • Seavans North
  • 1-2-1, Shibaura
  • Tokyo
  • 105-8634
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3436TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYNov 2005
S3XDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2005
SUMC.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2005
SUOP.YOTCPK (Pink Sheets LLC)ADRUSUSDNov 2008

Biography

Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry primarily in Japan, North America, Asia, and Europe. It provides monocrystalline ingo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 21:38
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.