DB:11W

Stock Analysis Report

Executive Summary

Wacom Co., Ltd. develops, manufactures, and markets user interface solutions.

Snowflake

Fundamentals

Undervalued with proven track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

15.5%

11W

-1.0%

DE Tech

1.4%

DE Market


1 Year Return

-13.9%

11W

-10.5%

DE Tech

3.7%

DE Market

Return vs Industry: 11W underperformed the German Tech industry which returned -10.5% over the past year.

Return vs Market: 11W underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

11WIndustryMarket
7 Day15.5%-1.0%1.4%
30 Day9.8%-4.3%1.3%
90 Day11.9%-1.7%3.4%
1 Year-12.7%-13.9%-7.3%-10.5%7.0%3.7%
3 Year24.9%19.9%47.3%38.1%18.5%8.3%
5 Year28.1%15.2%122.4%98.0%42.2%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

39.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 11W (€3.28) is trading below our estimate of fair value (€5.37)

Significantly Undervalued: 11W is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 11W is good value based on its PE Ratio (17.1x) compared to the Tech industry average (48.2x).

PE vs Market: 11W is good value based on its PE Ratio (17.1x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 11W is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 11W is good value based on its PB Ratio (2.8x) compared to the DE Tech industry average (3.2x).


Next Steps

Future Growth

How is Wacom forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

19.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 11W's forecast earnings growth (19.2% per year) is above the savings rate (0.2%).

Earnings vs Market: 11W's earnings (19.2% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: 11W's earnings are forecast to grow, but not significantly.

Revenue vs Market: 11W's revenue (5.8% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: 11W's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 11W's Return on Equity is forecast to be low in 3 years time (19.6%).


Next Steps

Past Performance

How has Wacom performed over the past 5 years?

-16.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 11W's earnings have declined by -16.5% per year over the past 5 years.

Accelerating Growth: 11W's earnings growth over the past year (85.5%) exceeds its 5-year average (-16.5% per year).

Earnings vs Industry: 11W earnings growth over the past year (85.5%) exceeded the Tech industry -0.3%.


Return on Equity

High ROE: 11W's Return on Equity (16.1%) is considered low.


Return on Assets

ROA vs Industry: 11W has a higher Return on Assets than the Tech industry average last year.


Return on Capital Employed

ROCE Improving: 11W has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Wacom's financial position?


Financial Position Analysis

Short Term Liabilities: 11W's short term assets (¥41.1B) exceeds its short term liabilities (¥15.8B)

Long Term Liabilities: 11W's short term assets (41.1B) exceeds its long term liabilities (11.8B)


Debt to Equity History and Analysis

Debt Level: 11W's debt to equity ratio (54.4%) is considered high

Reducing Debt: 11W's debt to equity ratio has increased from 2.1% to 54.4% over the past 5 years.

Debt Coverage: 11W's debt is well covered by operating cash flow (20.7%).

Interest Coverage: 11W earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 11W has a high level of physical assets or inventory.

Debt Coverage by Assets: 11W's debt is covered by short term assets (assets are 3.161230x debt).


Next Steps

Dividend

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

1.60%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Years2.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 11W's dividend (1.6%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: 11W's dividend (1.6%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: 11W's dividend payments have been volatile in the past 10 years.

Growing Dividend: 11W's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.3%), 11W'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 Wacom's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average management tenure


CEO

Nobu Ide (49yo)

1.5yrs

Tenure

0

Mr. Nobutaka Ide, also known as Nobu, is President & Chief Executive Officer of Wacom Co., Ltd. since April 02, 2018 and has been its Director since June 23, 2017 and also served as its Executive Vice Pres ...


Management Age and Tenure

2.5yrs

Average Tenure

54yo

Average Age

Experienced Management: 11W's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

1.8yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 11W's board of directors are not considered experienced ( 1.8 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


Management Team

  • Sadao Yamamoto (58yo)

    Senior VP

    • Tenure: 20.3yrs
  • Hartmut Woerrlein

    Senior Vice President of Global Product Management Creative BU

    • Tenure: 4.5yrs
  • Tom Lam

    Executive Vice President of China Operation

    • Tenure: 0yrs
  • Masaaki Konoo

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Ed Neumann

    Senior Vice President

    • Tenure: 3.9yrs
  • Nobu Ide (49yo)

    CEO, President & Executive Director

    • Tenure: 1.5yrs
  • Yuichi Inada

    Executive Vice President of Engineering

    • Tenure: 2.5yrs
  • Yukio Usuda (51yo)

    Executive VP of Corporate Strategy & Executive Director

    • Tenure: 2.3yrs
  • Faik Karaoglu

    Executive Vice President of Creative BU

    • Tenure: 1.9yrs
  • Yoichi Machida (57yo)

    Executive VP

    • Tenure: 1.3yrs

Board Members

  • Osamu Hosokubo (58yo)

    Independent Outside Director

    • Tenure: 0.3yrs
  • Sadao Yamamoto (58yo)

    Senior VP

    • Tenure: 20.3yrs
  • Takashi Kamura (69yo)

    Independent Outside Director

    • Tenure: 4.3yrs
  • Nobu Ide (49yo)

    CEO, President & Executive Director

    • Tenure: 1.5yrs
  • Yukio Usuda (51yo)

    Executive VP of Corporate Strategy & Executive Director

    • Tenure: 2.3yrs
  • Yoichi Machida (57yo)

    Executive VP

    • Tenure: 1.3yrs
  • Ken Inazumi (45yo)

    Outside Director

    • Tenure: 1.3yrs
  • Shigeki Higashiyama (61yo)

    Outside Director

    • Tenure: 1.3yrs

Company Information

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


Key Information

  • Name: Wacom Co., Ltd.
  • Ticker: 11W
  • Exchange: DB
  • Founded: 1983
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: JP¥65.782b
  • Listing Market Cap: JP¥544.184m
  • Shares outstanding: 162.43m
  • Website: https://www.wacom.co.jp

Number of Employees


Location

  • Wacom Co., Ltd.
  • 2-510-1 Toyonodai
  • Kazo
  • Saitama
  • 349-1148
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6727TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYApr 2003
WACM.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 2003
11WDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2003
WACM.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2013

Biography

Wacom Co., Ltd. develops, manufactures, and markets user interface solutions. It operates in Branded Business and Technology Solution Business segments. The company offers pen computers, such as MobileStud ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:43
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.