BST:AYN

Stock Analysis Report

Executive Summary

Aiphone Co.,Ltd. manufactures and sells communication and security systems under the AIPHONE brand name to homes, hospitals, nursing facilities, office buildings, and others worldwide.


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

8.5%

AYN

10.1%

DE Communications

7.3%

DE Market


1 Year Return

-8.1%

AYN

-37.9%

DE Communications

-17.7%

DE Market

Return vs Industry: AYN exceeded the German Communications industry which returned -37.9% over the past year.

Return vs Market: AYN exceeded the German Market which returned -17.7% over the past year.


Shareholder returns

AYNIndustryMarket
7 Day8.5%10.1%7.3%
30 Day2.4%-14.5%-17.9%
90 Day-12.4%-32.7%-25.8%
1 Year-6.6%-8.1%-37.6%-37.9%-15.1%-17.7%
3 Yearn/a-39.2%-39.4%-18.7%-25.6%
5 Yearn/a13.0%12.8%-17.7%-29.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

9.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AYN (€12.7) is trading above our estimate of fair value (€10.54)

Significantly Below Fair Value: AYN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AYN is good value based on its PE Ratio (9.1x) compared to the Communications industry average (15x).

PE vs Market: AYN is good value based on its PE Ratio (9.1x) compared to the German market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: AYN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AYN is good value based on its PB Ratio (0.5x) compared to the DE Communications industry average (2.3x).


Next Steps

Future Growth

How is AiphoneLtd forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AYN's earnings are forecast to decline over the next 3 years (-4.6% per year).

Earnings vs Market: AYN's earnings are forecast to decline over the next 3 years (-4.6% per year).

High Growth Earnings: AYN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AYN's revenue (2.9% per year) is forecast to grow slower than the German market (4.1% per year).

High Growth Revenue: AYN's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AYN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has AiphoneLtd performed over the past 5 years?

-1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AYN has high quality earnings.

Growing Profit Margin: AYN's current net profit margins (6%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: AYN's earnings have declined by -1.5% per year over the past 5 years.

Accelerating Growth: AYN's earnings growth over the past year (62.7%) exceeds its 5-year average (-1.5% per year).

Earnings vs Industry: AYN earnings growth over the past year (62.7%) exceeded the Communications industry 21.9%.


Return on Equity

High ROE: AYN's Return on Equity (6%) is considered low.


Next Steps

Financial Health

How is AiphoneLtd's financial position?


Financial Position Analysis

Short Term Liabilities: AYN's short term assets (¥38.3B) exceed its short term liabilities (¥6.3B).

Long Term Liabilities: AYN's short term assets (¥38.3B) exceed its long term liabilities (¥2.5B).


Debt to Equity History and Analysis

Debt Level: AYN is debt free.

Reducing Debt: AYN has not had any debt for past 5 years.

Debt Coverage: AYN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AYN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: AYN has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if AYN's debt is covered by short term assets.


Next Steps

Dividend

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

3.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AYN's dividend (3.07%) is higher than the bottom 25% of dividend payers in the German market (1.7%).

High Dividend: AYN's dividend (3.07%) is low compared to the top 25% of dividend payers in the German market (4.97%).


Stability and Growth of Payments

Stable Dividend: AYN's dividend payments have been volatile in the past 10 years.

Growing Dividend: AYN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.9%), AYN'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?

10.3yrs

Average board tenure


CEO

Shusaku Ichikawa (66yo)

32.83s

Tenure

Mr. Shusaku Ichikawa has been President of Aiphone Co., Ltd. since May 1987 and served as its Chief Executive Officer. In April 1975, Mr. Ichikawa joined Aiphone Co., Ltd., and served as its Manager of Pro ...


Board Members

NamePositionTenureCompensationOwnership
Shusaku Ichikawa
President and Representative Director32.83yrsno data17.93% ¥39.9m
Tatsuru Wada
Deputy Chief of Corporate Planning Office and Director9.75yrsno data0.061% ¥136.1k
Atsuo Kato
General Manager of Production Division and Directorno datano datano data
Masaaki Iritani
Outside Director6.75yrsno data0.0061% ¥13.6k
Atsuo Hirako
Director10.75yrsno datano data
Yoshiki Ishida
External Auditor12.75yrsno data0.043% ¥95.3k
Wataru Tateoka
External Auditor15.75yrsno data0.086% ¥190.6k
Junji Yamada
Outside Directorno datano data0.0061% ¥13.6k
Kouji Kato
Director3.75yrsno data0.018% ¥40.8k
Takahiro Taniguchi
Director3.75yrsno datano data

10.3yrs

Average Tenure

66yo

Average Age

Experienced Board: AYN's board of directors are seasoned and experienced ( 10.3 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

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


Key Information

  • Name: Aiphone Co.,Ltd.
  • Ticker: AYN
  • Exchange: BST
  • Founded: 1948
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: JP¥26.658b
  • Listing Market Cap: JP¥222.488m
  • Shares outstanding: 16.34m
  • Website: https://www.aiphone.net

Number of Employees


Location

  • Aiphone Co.,Ltd.
  • Meiji Yasuda Seimei Nagoya Building
  • 10th Floor
  • Nagoya
  • Aichi
  • 460-0004
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6718TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYMay 1992
AYNBST (Boerse-Stuttgart)YesCommon StockDEEURMay 1992

Biography

Aiphone Co.,Ltd. manufactures and sells communication and security systems under the AIPHONE brand name to homes, hospitals, nursing facilities, office buildings, and others worldwide. It offers general intercom devices for home and business use; security door intercoms and electronic locking systems; video door intercoms; health care intercom devices, such as nurse call and home care systems; and information transmission devices comprising living information display panels, as well as access controls. The company was founded in 1948 and is headquartered in Nagoya, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 00:13
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.