DB:0H2

Stock Analysis Report

Maxell Holdings

Executive Summary

Maxell Holdings, Ltd., through its subsidiaries, manufactures and sells energy products, industrial materials, and electronic appliance/consumer products in Japan and internationally.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 0H2 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.5%

0H2

7.9%

DE Tech

0.03%

DE Market


1 Year Return

3.5%

0H2

20.0%

DE Tech

9.9%

DE Market

Return vs Industry: 0H2 underperformed the German Tech industry which returned 20% over the past year.

Return vs Market: 0H2 underperformed the German Market which returned 9.9% over the past year.


Shareholder returns

0H2IndustryMarket
7 Day2.5%7.9%0.03%
30 Day-2.3%16.3%4.4%
90 Day9.8%19.3%13.6%
1 Year24.4%3.5%20.9%20.0%13.4%9.9%
3 Year-4.8%-23.9%128.6%123.8%25.6%14.6%
5 Year35.8%3.4%84.3%60.2%36.9%18.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

19.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 0H2 (€12.5) is trading above our estimate of fair value (€9.49)

Significantly Below Fair Value: 0H2 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0H2 is good value based on its PE Ratio (19.6x) compared to the Tech industry average (26.4x).

PE vs Market: 0H2 is poor value based on its PE Ratio (19.6x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: 0H2 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 0H2 is good value based on its PB Ratio (0.7x) compared to the XE Tech industry average (1.3x).


Next Steps

Future Growth

How is Maxell Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

28.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0H2's forecast earnings growth (28.1% per year) is above the savings rate (0.2%).

Earnings vs Market: 0H2's earnings (28.1% per year) are forecast to grow faster than the German market (12.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0H2's revenue (5.7% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: 0H2'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: 0H2's Return on Equity is forecast to be low in 3 years time (5.4%).


Next Steps

Past Performance

How has Maxell Holdings performed over the past 5 years?

-2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0H2 has a high level of non-cash earnings.

Growing Profit Margin: 0H2's current net profit margins (2.6%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 0H2's earnings have declined by -2.5% per year over the past 5 years.

Accelerating Growth: 0H2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 0H2 had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Tech industry average (-14.9%).


Return on Equity

High ROE: 0H2's Return on Equity (4.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Maxell Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 0H2's short term assets (¥92.7B) exceeds its short term liabilities (¥42.2B)

Long Term Liabilities: 0H2's short term assets (92.7B) exceeds its long term liabilities (47.0B)


Debt to Equity History and Analysis

Debt Level: 0H2's debt to equity ratio (36.1%) is considered satisfactory

Reducing Debt: 0H2's debt to equity ratio has increased from 1.9% to 36.1% over the past 5 years.

Debt Coverage: 0H2's debt is well covered by operating cash flow (26.8%).

Interest Coverage: 0H2 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 0H2 has a high level of physical assets or inventory.

Debt Coverage by Assets: 0H2's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

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

2.38%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Maxell Holdings before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.4%marketbottom25%1.3%markettop25%3.7%industryaverage1.6%forecastin3Years4.8%

Current dividend yield vs market & industry

Notable Dividend: 0H2's dividend (2.38%) is higher than the bottom 25% of dividend payers in the German market (1.33%).

High Dividend: 0H2's dividend (2.38%) is low compared to the top 25% of dividend payers in the German market (3.66%).


Stability and Growth of Payments

Stable Dividend: 0H2's dividend payments have been volatile in the past 10 years.

Growing Dividend: 0H2's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.6%), 0H2'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

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

0.6yrs

Average management tenure


CEO

Yoshiharu Katsuta (63yo)

3.4yrs

Tenure

0

Mr. Yoshiharu Katsuta has been the Chief Executive Officer and President of Hitachi Maxell Ltd. since June 28, 2016. Mr. Katsuta has been the President of Hitachi Vehicle Energy, Ltd. since April 2013. He  ...


Management Age and Tenure

0.6yrs

Average Tenure

Experienced Management: 0H2's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Age and Tenure

1.4yrs

Average Tenure

65yo

Average Age

Experienced Board: 0H2's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Yoshiharu Katsuta (63yo)

    President

    • Tenure: 3.4yrs
  • Masaharu Deguchi

    Executive Officer

    • Tenure: 0.6yrs
  • Seiji Sumoto

    Director & GM of Sales Strategy Department

    • Tenure: 0.4yrs
  • Osamu Onodera

    Executive Officer

    • Tenure: 0yrs
  • Noritoshi Masuda

    Director & GM of Finance Department

    • Tenure: 0.4yrs
  • Tomohiro Suzuki

    Executive Officer

    • Tenure: 0.6yrs
  • Hiroshi Obara

    Corporate Officer of Branding & Corporate Communication

    • Tenure: 0yrs
  • Isami Sato

    General Manager

    • Tenure: 0yrs

Board Members

  • Tatsuhiko Izumi (67yo)

    Outside Director

    • Tenure: 1.4yrs
  • Shinobu Watanabe (65yo)

    Outside Director

    • Tenure: 1.4yrs
  • Yoshihiro Senzai (71yo)

    Chairman

    • Tenure: 3.4yrs
  • Yoshiharu Katsuta (63yo)

    President

    • Tenure: 3.4yrs
  • Wataru Kitao (69yo)

    Outside Director

    • Tenure: 3.4yrs
  • Katsunori Ikegami (62yo)

    Director

    • Tenure: 3.4yrs
  • Seiji Sumoto

    Director & GM of Sales Strategy Department

    • Tenure: 0.4yrs
  • Keiji Nakamura (53yo)

    Director

    • Tenure: 1.4yrs
  • Noritoshi Masuda

    Director & GM of Finance Department

    • Tenure: 0.4yrs

Company Information

Maxell Holdings, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maxell Holdings, Ltd.
  • Ticker: 0H2
  • Exchange: DB
  • Founded: 1960
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: JP¥76.238b
  • Listing Market Cap: JP¥634.089m
  • Shares outstanding: 50.46m
  • Website: https://www2.maxell.co.jp

Number of Employees


Location

  • Maxell Holdings, Ltd.
  • 1 Koizumi, Oyamazaki
  • Oyamazaki-cho
  • Kyoto
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6810TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
0H2DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

Maxell Holdings, Ltd., through its subsidiaries, manufactures and sells energy products, industrial materials, and electronic appliance/consumer products in Japan and internationally. It offers primary bat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 20:48
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
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.