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Wacom

DB:11W
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
11W
DB
¥74B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Wacom Co., Ltd. develops, manufactures, and markets user interface solutions. The last earnings update was 65 days ago. More info.


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11W Share Price and Events
7 Day Returns
-1.9%
DB:11W
1.1%
DE Tech
1.8%
DE Market
1 Year Returns
-10.2%
DB:11W
0.6%
DE Tech
-6%
DE Market
11W Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wacom (11W) -1.9% 1.3% -1.2% -10.2% -5.8% -23.1%
DE Tech 1.1% 4% 13.1% 0.6% 67.6% 104.5%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • 11W underperformed the Tech industry which returned 0.6% over the past year.
  • 11W underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
11W
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Wacom's competitors could be found in our database.

11W Value

 Is Wacom undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wacom to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wacom.

DB:11W Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:11W
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 30.86%) (17.67%))
1.116
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.116 * 5.96%)
6.88%

Discounted Cash Flow Calculation for DB:11W using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wacom is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:11W DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.88%)
2019 1,800.00 Analyst x1 1,684.19
2020 4,850.00 Analyst x2 4,245.98
2021 5,700.00 Analyst x1 4,669.05
2022 6,800.00 Analyst x1 5,211.72
2023 7,600.00 Analyst x1 5,450.09
2024 8,196.70 Est @ 7.85% 5,499.80
2025 8,652.79 Est @ 5.56% 5,432.28
2026 8,995.74 Est @ 3.96% 5,284.22
2027 9,251.47 Est @ 2.84% 5,084.79
2028 9,441.90 Est @ 2.06% 4,855.56
Present value of next 10 years cash flows ¥47,417.68
DB:11W DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥9,441.90 × (1 + 0.23%) ÷ (6.88% – 0.23%)
¥142,340.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥142,340.49 ÷ (1 + 6.88%)10
¥73,199.55
DB:11W Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥47,417.68 + ¥73,199.55
¥120,617.24
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥120,617.24 / 162.43
¥742.6
DB:11W Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:11W represents 0.00783x of TSE:6727
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00783x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 742.60 x 0.00783
€5.81
Value per share (EUR) From above. €5.81
Current discount Discount to share price of €3.55
= -1 x (€3.55 - €5.81) / €5.81
39%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Wacom is available for.
Intrinsic value
39%
Share price is €3.55 vs Future cash flow value of €5.81
Current Discount Checks
For Wacom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wacom's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wacom's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wacom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wacom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:11W PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥16.72
TSE:6727 Share Price ** TSE (2019-04-18) in JPY ¥453
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wacom.

DB:11W PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6727 Share Price ÷ EPS (both in JPY)

= 453 ÷ 16.72

27.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wacom is overvalued based on earnings compared to the Europe Tech industry average.
  • Wacom is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Wacom's expected growth come at a high price?
Raw Data
DB:11W PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
25.1%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:11W PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.09x ÷ 25.1%

1.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wacom is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wacom's assets?
Raw Data
DB:11W PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥159.89
TSE:6727 Share Price * TSE (2019-04-18) in JPY ¥453
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:11W PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6727 Share Price ÷ Book Value per Share (both in JPY)

= 453 ÷ 159.89

2.83x

* Primary Listing of Wacom.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wacom is overvalued based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Wacom's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Wacom has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

11W Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wacom expected to grow at an attractive rate?
  • Wacom's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wacom's earnings growth is expected to exceed the Germany market average.
  • Wacom's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:11W Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:11W Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 25.1%
DB:11W Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.1%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:11W Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:11W Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 120,000 10,100 9,100 1
2022-03-31 112,000 9,300 8,000 1
2021-03-31 104,296 8,200 7,043 2
2020-03-31 95,621 7,000 4,852 3
2019-03-31 89,926 4,200 3,712 3
DB:11W Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 90,723 3,925 2,716
2018-09-30 87,836 9,299 2,663
2018-06-30 84,157 7,030 2,074
2018-03-31 82,262 6,781 2,361
2017-12-31 81,846 3,832 -1,459
2017-09-30 78,206 632 -2,635
2017-06-30 74,019 -847 -4,216
2017-03-31 71,313 121 -5,534
2016-12-31 71,416 2,305 -874
2016-09-30 72,408 2,268 -178
2016-06-30 75,687 3,902 1,397
2016-03-31 77,568 2,009 2,309

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wacom's earnings are expected to grow significantly at over 20% yearly.
  • Wacom's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:11W Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Wacom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:11W Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 56.00 56.00 56.00 1.00
2022-03-31 49.30 49.30 49.30 1.00
2021-03-31 43.38 44.25 42.50 2.00
2020-03-31 29.70 35.70 20.60 3.00
2019-03-31 22.73 25.90 18.10 3.00
DB:11W Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 16.72
2018-09-30 16.40
2018-06-30 12.77
2018-03-31 14.54
2017-12-31 -8.99
2017-09-30 -16.23
2017-06-30 -25.93
2017-03-31 -33.93
2016-12-31 -5.34
2016-09-30 -1.08
2016-06-30 8.50
2016-03-31 14.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Wacom is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Wacom's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wacom has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

11W Past Performance

  How has Wacom performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wacom's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wacom's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Wacom has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Wacom has become profitable in the last year making it difficult to compare the Europe Tech industry average.
Earnings and Revenue History
Wacom's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wacom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:11W Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 90,723.00 2,716.00 21,890.00 4,384.00
2018-09-30 87,836.00 2,663.00 22,640.00 4,384.00
2018-06-30 84,157.00 2,074.00 23,516.00 4,384.00
2018-03-31 82,262.00 2,361.00 23,849.00 4,384.00
2017-12-31 81,846.00 -1,459.00 24,637.00 4,396.00
2017-09-30 78,206.00 -2,635.00 24,404.00 4,396.00
2017-06-30 74,019.00 -4,216.00 24,453.00 4,396.00
2017-03-31 71,313.00 -5,534.00 24,340.00 4,396.00
2016-12-31 71,416.00 -874.00 24,498.00 4,341.00
2016-09-30 72,408.00 -178.00 23,865.00 4,341.00
2016-06-30 75,687.00 1,397.00 23,198.00 4,341.00
2016-03-31 77,568.00 2,309.00 22,730.00 4,341.00
2015-12-31 78,484.00 3,359.00 22,637.00 3,180.00
2015-09-30 81,503.00 3,587.00 22,476.00 3,180.00
2015-06-30 76,030.00 3,144.00 21,558.00 3,180.00
2015-03-31 74,557.00 3,473.00 20,727.00 3,180.00
2014-12-31 77,751.00 4,236.00 20,058.00 2,862.00
2014-09-30 76,185.00 4,437.00 19,332.00 2,862.00
2014-06-30 76,869.00 4,736.00 18,955.00 2,862.00
2014-03-31 78,615.00 5,248.00 18,406.00 2,862.00
2013-12-31 76,966.08 5,387.49 20,824.26
2013-09-30 72,766.08 4,960.49 19,413.26
2013-06-30 66,425.08 4,735.49 17,657.26
2013-03-31 61,068.08 4,770.49 16,320.26
2012-12-31 54,849.00 4,133.00 13,476.00 1,842.00
2012-09-30 47,397.00 3,408.00 12,756.00 1,842.00
2012-06-30 43,439.00 2,788.00 12,377.00 1,842.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wacom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wacom used its assets less efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Wacom's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wacom's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wacom has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

11W Health

 How is Wacom's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wacom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wacom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wacom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wacom's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wacom Company Filings, last reported 3 months ago.

DB:11W Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 25,970.00 13,000.00 18,459.00
2018-09-30 23,933.00 13,000.00 18,691.00
2018-06-30 21,644.00 13,000.00 16,829.00
2018-03-31 22,669.00 13,000.00 19,157.00
2017-12-31 24,882.00 13,000.00 18,851.00
2017-09-30 22,373.00 16,000.00 16,088.00
2017-06-30 20,721.00 14,000.00 13,169.00
2017-03-31 21,356.00 13,000.00 14,204.00
2016-12-31 27,153.00 13,000.00 17,234.00
2016-09-30 24,564.00 13,000.00 14,678.00
2016-06-30 25,241.00 9,000.00 12,937.00
2016-03-31 31,095.00 6,000.00 14,365.00
2015-12-31 32,636.00 6,000.00 15,509.00
2015-09-30 30,940.00 6,000.00 14,434.00
2015-06-30 29,866.00 6,000.00 15,116.00
2015-03-31 33,857.00 600.00 16,686.00
2014-12-31 34,175.00 2,600.00 16,839.00
2014-09-30 31,117.00 2,600.00 12,468.00
2014-06-30 29,645.00 600.00 11,979.00
2014-03-31 32,798.00 600.00 15,393.00
2013-12-31 32,238.00 600.00 15,359.00
2013-09-30 29,894.00 600.00 15,081.00
2013-06-30 28,414.00 600.00 17,196.00
2013-03-31 29,211.53 600.00 21,596.43
2012-12-31 21,981.00 600.00 12,927.00
2012-09-30 19,092.00 600.00 9,660.00
2012-06-30 17,890.00 600.00 10,269.00
  • Wacom's level of debt (50.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.9% vs 50.1% today).
  • Debt is well covered by operating cash flow (30.2%, greater than 20% of total debt).
  • Wacom earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Wacom's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wacom has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

11W Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.32%
Current annual income from Wacom dividends. Estimated to be 3.16% next year.
If you bought €2,000 of Wacom shares you are expected to receive €26 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wacom's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Wacom's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:11W Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:11W Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 20.00 1.00
2022-03-31 16.00 1.00
2021-03-31 15.00 2.00
2020-03-31 10.00 2.00
2019-03-31 8.00 2.00
DB:11W Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-06-25 6.000 1.209
2018-05-11 6.000 0.976
2017-05-10 6.000 1.233
2016-11-09 6.000 1.673
2016-08-05 12.000 3.790
2016-06-23 18.000 4.446
2016-06-15 18.000 4.463
2016-05-11 18.000 4.392
2015-06-29 18.000 3.896
2015-04-30 18.000 3.725
2014-10-31 18.000 3.441
2014-07-30 18.000 3.925
2014-06-27 18.000 3.150
2014-04-30 18.000 3.214
2013-10-25 17.500 2.592
2013-07-30 17.500 1.976
2013-07-17 10.000 0.998
2013-04-30 10.000 0.844
2013-01-30 10.000 1.116
2012-10-25 8.750 1.478
2012-07-30 8.750 1.944
2012-04-26 8.750 2.051
2012-01-30 7.500 1.952
2011-10-27 7.500 2.569
2011-07-28 7.500 3.363
2011-04-27 7.500 3.176
2011-01-28 7.500 2.693
2010-10-28 7.500 2.537
2010-07-29 7.500 3.003
2010-06-25 7.500 2.243
2010-05-24 7.500 2.174
2010-04-30 7.500 2.247
2009-07-28 7.500 1.718
2009-06-26 7.500 1.519
2009-05-08 7.500 1.766
2009-04-21 7.500 2.395

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Wacom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wacom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wacom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wacom has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

11W Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nobu Ide
AGE 48
TENURE AS CEO 1 years
CEO Bio

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 President of Technology Solution Business Unit and Platforms & Applications Business Unit since April 1, 2017. Mr. Ide served as Senior Vice President of Technology Solution Business Unit at Wacom Co., Ltd. since July 2015 and served as its Vice President of Technology Solution Business Unit since April 2015 and General Manager of Technology Marketing Department - Component Business Unit since August 2013. He joined Sharp Corporation in April 1995. He holds Master of Public Administration (Major in International Law) at the Graduate School of International Christian University.

CEO Compensation
  • Insufficient data for Nobu to compare compensation growth.
  • Insufficient data for Nobu to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Wacom management team in years:

2
Average Tenure
53
Average Age
  • The tenure for the Wacom management team is about average.
Management Team

Nobu Ide

TITLE
CEO, President & Executive Director
AGE
48
TENURE
1 yrs

Yoichi Machida

TITLE
Executive VP
AGE
56
TENURE
1 yrs

Sadao Yamamoto

TITLE
Senior VP
AGE
57
TENURE
4 yrs

Masaaki Konoo

TITLE
Vice President of Investor Relations

Hartmut Woerrlein

TITLE
Senior Vice President of Global Product Management Creative BU
TENURE
4 yrs

Tom Lam

TITLE
Executive Vice President of China Operation

Ed Neumann

TITLE
Senior Vice President
TENURE
3.4 yrs

Yuichi Inada

TITLE
Executive Vice President of Engineering
TENURE
2 yrs

Yukio Usuda

TITLE
Executive VP of Corporate Strategy & Executive Director
AGE
50
TENURE
2 yrs

Faik Karaoglu

TITLE
Executive Vice President of Creative BU
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Wacom board of directors in years:

1.8
Average Tenure
56.5
Average Age
  • The average tenure for the Wacom board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nobu Ide

TITLE
CEO, President & Executive Director
AGE
48
TENURE
1.8 yrs

Yoichi Machida

TITLE
Executive VP
AGE
56
TENURE
0.8 yrs

Sadao Yamamoto

TITLE
Senior VP
AGE
57
TENURE
19.8 yrs

Yukio Usuda

TITLE
Executive VP of Corporate Strategy & Executive Director
AGE
50
TENURE
1.8 yrs

Takashi Kamura

TITLE
Independent Outside Director
AGE
68
TENURE
3.8 yrs

Wataru Toyoda

TITLE
Independent Outside Director
AGE
66
TENURE
1.8 yrs

Ken Inazumi

TITLE
Outside Director
AGE
44
TENURE
0.8 yrs

Shigeki Higashiyama

TITLE
Outside Director
AGE
60
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Wacom's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wacom has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

11W News

Simply Wall St News

11W Company Info

Description

Wacom Co., Ltd. develops, manufactures, and markets user interface solutions. It operates through Brand Business, Technology Solution Business, and Other Business segments. The Brand Business segment offers hardware and software products and solutions, including Wacom Intuos Pro, Intuos, Wacom MobileStudio Pro, and Wacom Cintiq Pro; digital stationery solutions under the Wacom brand with Bamboo smartpads, which digitize handwritten ideas, as well as various types of styli for mobile products; and tablets under the Wacom brand. The Technology Solution Business segment provides input components, as well as sensor systems, which include pen sensor systems and touch sensor systems for manufacturers of smartphones, tablets, and e-books. The Other Business segment offers CAD solution and others, including CAD software for electrical and mechanical engineering. The company also offers application products, such as Wacom Ink Layer Language, Wacom Cloud, Bamboo Paper, sign pro PDF, etc.; and mobile products. In addition, it provides value-added products in various business fields, such as Internet of Things and virtual reality/augmented reality, 3D printing, artificial intelligence, and security. It operates in the Americas, Europe, Asia/Oceania, and Japan. Wacom Co., Ltd. was founded in 1983 and is headquartered in Kazo, Japan.

Details
Name: Wacom Co., Ltd.
11W
Exchange: DB
Founded: 1983
¥584,526,618
162,425,099
Website: http://www.wacom.co.jp
Address: Wacom Co., Ltd.
2-510-1 Toyonodai,
Kazo,
Saitama, 349-1148,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6727 Common Stock The Tokyo Stock Exchange JP JPY 24. Apr 2003
OTCPK WACM.F Common Stock Pink Sheets LLC US USD 24. Apr 2003
DB 11W Common Stock Deutsche Boerse AG DE EUR 24. Apr 2003
OTCPK WACM.Y ADR Pink Sheets LLC US USD 17. Oct 2013
Number of employees
Current staff
Staff numbers
1,036
Wacom employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:41
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.