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Elecom

DB:9EL
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9EL
DB
¥157B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Elecom Co., Ltd. manufactures and supplies peripherals, I/O devices, and PC accessories worldwide. The last earnings update was 76 days ago. More info.


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9EL Share Price and Events
7 Day Returns
-0.3%
DB:9EL
0.1%
DE Tech
1.5%
DE Market
1 Year Returns
63.3%
DB:9EL
-0.1%
DE Tech
-6.2%
DE Market
9EL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Elecom (9EL) -0.3% 8% 28.5% 63.3% 94.2% 353.1%
DE Tech 0.1% 3.2% 13.4% -0.1% 68.2% 106.8%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • 9EL outperformed the Tech industry which returned -0.1% over the past year.
  • 9EL outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
9EL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Elecom 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 Elecom 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 Elecom.

DB:9EL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
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:9EL
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))
= 1.044 (1 + (1- 30.86%) (2.39%))
1.041
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.041 * 5.96%)
6.43%

Discounted Cash Flow Calculation for DB:9EL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Elecom 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:9EL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.43%)
2019 8,251.20 Analyst x5 7,752.37
2020 8,296.00 Analyst x5 7,323.24
2021 9,351.80 Analyst x5 7,756.17
2022 10,366.00 Analyst x1 8,077.57
2023 10,966.00 Analyst x1 8,028.51
2024 11,566.00 Analyst x1 7,955.86
2025 12,004.20 Est @ 3.79% 7,758.09
2026 12,330.78 Est @ 2.72% 7,487.37
2027 12,574.03 Est @ 1.97% 7,173.49
2028 12,756.27 Est @ 1.45% 6,837.50
Present value of next 10 years cash flows ¥76,150.16
DB:9EL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥12,756.27 × (1 + 0.23%) ÷ (6.43% – 0.23%)
¥205,997.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥205,997.48 ÷ (1 + 6.43%)10
¥110,416.83
DB:9EL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥76,150.16 + ¥110,416.83
¥186,566.99
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥186,566.99 / 42.80
¥4358.55
DB:9EL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:9EL represents 0.00786x of TSE:6750
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00786x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,358.55 x 0.00786
€34.26
Value per share (EUR) From above. €34.26
Current discount Discount to share price of €28.85
= -1 x (€28.85 - €34.26) / €34.26
15.8%

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

Current Discount
Amount off the current price Elecom is available for.
Intrinsic value
16%
Share price is €28.85 vs Future cash flow value of €34.26
Current Discount Checks
For Elecom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Elecom's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Elecom'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 Elecom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Elecom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9EL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥203.14
TSE:6750 Share Price ** TSE (2019-04-23) in JPY ¥3670
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of Elecom.

DB:9EL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6750 Share Price ÷ EPS (both in JPY)

= 3670 ÷ 203.14

18.07x

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

  • Elecom is overvalued based on earnings compared to the Europe Tech industry average.
  • Elecom is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Elecom's expected growth come at a high price?
Raw Data
DB:9EL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
9.3%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:9EL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.07x ÷ 9.3%

1.95x

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

  • Elecom is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Elecom's assets?
Raw Data
DB:9EL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,059.69
TSE:6750 Share Price * TSE (2019-04-23) in JPY ¥3670
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:9EL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6750 Share Price ÷ Book Value per Share (both in JPY)

= 3670 ÷ 1,059.69

3.46x

* Primary Listing of Elecom.

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

  • Elecom is overvalued based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Elecom'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. Elecom 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.

Future Performance

 How is Elecom expected to perform in the next 1 to 3 years based on estimates from 5 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
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Elecom expected to grow at an attractive rate?
  • Elecom's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Elecom's earnings growth is positive but not above the Germany market average.
  • Elecom's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:9EL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9EL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 9.3%
DB:9EL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.4%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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:9EL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9EL Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 105,780 11,658 9,610 5
2020-03-31 102,880 10,580 8,868 5
2019-03-31 99,240 10,450 7,906 5
DB:9EL Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 96,990 9,583 8,230
2018-09-30 94,813 9,229 7,979
2018-06-30 92,967 8,335 7,616
2018-03-31 93,546 8,212 7,224
2017-12-31 91,453 6,075 7,214
2017-09-30 88,654 6,637 6,738
2017-06-30 85,763 8,390 6,423
2017-03-31 81,842 9,090 6,372
2016-12-31 81,067 10,825 5,404
2016-09-30 81,780 9,639 5,381
2016-06-30 81,703 6,602 5,099
2016-03-31 81,165 2,565 4,858

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Elecom's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Elecom's revenue is expected to grow by 3.4% 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:9EL 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 5 Analyst Estimates (S&P Global) See Below

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

DB:9EL Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 229.92 255.60 199.60 5.00
2020-03-31 212.14 225.90 196.40 5.00
2019-03-31 190.60 206.10 181.10 5.00
DB:9EL Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 203.14
2018-09-30 199.44
2018-06-30 191.95
2018-03-31 182.77
2017-12-31 182.86
2017-09-30 170.87
2017-06-30 162.90
2017-03-31 161.61
2016-12-31 136.92
2016-09-30 136.10
2016-06-30 128.41
2016-03-31 118.66

*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.
  • Elecom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Elecom'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.
Elecom has a total score of 1/6, 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.

Past Performance

  How has Elecom 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 Elecom'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.
  • Elecom's year on year earnings growth rate has been positive over the past 5 years.
  • Elecom's 1-year earnings growth is less than its 5-year average (14.1% vs 15.8%)
  • Elecom's earnings growth has exceeded the Europe Tech industry average in the past year (14.1% vs 12.3%).
Earnings and Revenue History
Elecom'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 Elecom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9EL 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 96,990.00 8,230.00 23,749.00
2018-09-30 94,813.00 7,979.00 23,214.00
2018-06-30 92,967.00 7,616.00 22,878.00
2018-03-31 93,546.00 7,224.00 22,984.00
2017-12-31 91,453.00 7,214.00 21,657.00
2017-09-30 88,654.00 6,738.00 20,422.00
2017-06-30 85,763.00 6,423.00 19,253.00
2017-03-31 81,842.00 6,372.00 17,758.00
2016-12-31 81,067.00 5,404.00 17,794.00
2016-09-30 81,780.00 5,381.00 17,725.00
2016-06-30 81,703.00 5,099.00 17,626.00
2016-03-31 81,165.00 4,858.00 17,474.00
2015-12-31 79,774.00 4,870.00 17,488.00
2015-09-30 78,204.00 4,679.00 17,268.00
2015-06-30 76,839.00 4,601.00 16,971.00
2015-03-31 75,785.00 4,461.00 16,677.00
2014-12-31 76,711.00 4,442.00 16,288.00
2014-09-30 74,736.00 4,196.00 15,901.00
2014-06-30 71,909.00 4,369.00 15,221.00
2014-03-31 69,105.00 4,043.00 14,830.00
2013-12-31 64,261.00 3,626.00 14,513.00
2013-09-30 62,485.00 3,550.00 14,327.00
2013-06-30 62,288.00 3,210.00 14,533.00
2013-03-31 62,640.00 3,098.00 14,647.00
2012-12-31 63,868.00 3,672.00 14,858.00
2012-09-30 63,851.00 3,709.00 14,995.00
2012-06-30 63,298.00 3,337.00 15,196.00

*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.
  • Elecom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Elecom used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Elecom's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Elecom'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.
Elecom has a total score of 3/6, 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.

Health

 How is Elecom'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 Elecom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Elecom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Elecom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Elecom'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 16.8x 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 Elecom Company Filings, last reported 3 months ago.

DB:9EL Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 44,015.00 3,757.00 28,477.00
2018-09-30 42,441.00 6,366.00 29,197.00
2018-06-30 37,482.00 8,698.00 28,031.00
2018-03-31 34,342.00 10,078.00 28,526.00
2017-12-31 32,819.00 10,536.00 24,888.00
2017-09-30 31,247.00 11,149.00 24,616.00
2017-06-30 29,259.00 11,227.00 23,052.00
2017-03-31 29,115.00 11,255.00 25,001.00
2016-12-31 27,204.00 1,849.00 17,151.00
2016-09-30 23,294.00 1,843.00 16,176.00
2016-06-30 21,840.00 1,843.00 12,933.00
2016-03-31 23,077.00 1,848.00 13,454.00
2015-12-31 23,761.00 3,051.00 11,003.00
2015-09-30 22,864.00 2,251.00 11,540.00
2015-06-30 28,290.00 3,452.00 18,649.00
2015-03-31 27,729.00 1,851.00 21,639.00
2014-12-31 26,827.00 1,851.00 16,620.00
2014-09-30 25,105.00 1,962.00 17,002.00
2014-06-30 23,600.00 2,005.00 15,727.00
2014-03-31 23,342.00 1,826.00 15,565.00
2013-12-31 22,680.00 1,827.00 13,880.00
2013-09-30 21,584.00 1,825.00 13,799.00
2013-06-30 20,673.00 1,812.00 13,324.00
2013-03-31 20,212.00 1,812.00 15,387.00
2012-12-31 16,480.00 2,361.00 9,991.00
2012-09-30 14,760.00 1,856.00 8,598.00
2012-06-30 13,975.00 2,606.00 7,651.00
  • Elecom's level of debt (8.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.1% vs 8.5% today).
  • Debt is well covered by operating cash flow (255.1%, greater than 20% of total debt).
  • Elecom earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Elecom'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. Elecom has a total score of 5/6, 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.

Dividends

 What is Elecom'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
1.36%
Current annual income from Elecom dividends. Estimated to be 1.77% next year.
If you bought €2,000 of Elecom shares you are expected to receive €27 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?
  • Elecom's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Elecom's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:9EL 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 5 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 327 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:9EL Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 67.60 5.00
2020-03-31 62.20 5.00
2019-03-31 56.00 5.00
DB:9EL Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-08-07 50.000 1.680
2018-06-28 50.000 1.908
2018-05-08 50.000 1.810
2017-06-29 45.000 1.871
2017-05-09 45.000 1.903
2017-02-06 40.000 1.873
2016-11-07 40.000 2.082
2016-06-29 40.000 1.777
2016-05-09 40.000 1.988
2016-02-04 30.000 1.657
2015-11-05 35.000 2.280
2015-06-29 30.000 2.189
2015-05-11 30.000 1.944
2014-11-06 22.500 1.791
2014-08-06 20.000 1.657
2014-06-30 20.000 1.545
2014-05-08 20.000 1.941
2014-02-06 17.500 1.996
2013-11-06 16.500 2.392
2013-06-28 15.000 2.352
2013-05-08 15.000 2.327
2012-11-07 13.500 1.908
2012-06-29 12.500 2.097
2012-05-07 12.500 1.659
2012-02-06 13.000 1.558
2011-11-07 13.000 1.970
2011-08-09 10.000 1.609
2011-06-29 10.000 1.612
2011-05-09 10.000 1.784
2011-02-08 10.000 2.082
2010-06-30 7.500 1.993
2010-05-14 7.500 1.913
2009-11-13 7.500 2.870
2009-08-12 7.500 3.079
2009-06-26 8.000 3.245
2009-04-24 7.000 2.723

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Elecom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x 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 Elecom'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 Elecom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Elecom has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Elecom'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
Junji Hada
AGE 65
TENURE AS CEO 24.4 years
CEO Bio

Mr. Junji Hada has been the President and Representative Director of Elecom Co., Ltd. since November 1994. Mr Hada Established Elecom Co., Ltd. in May 1986. He has been President of Elecom (Shanghai) Trading Co., Ltd. since April 2004. He has been President and Representative Director of Logitec Corporation since June 2005. He has been the President and Representative Director of Logitec INA Solutions Co., Ltd. since October 2010. He served as Managing Director and Senior Managing Director of Elecom Co., Ltd. since August 1992 and June 1994 respectively. Mr Hada Served as Chairman and Representative Director of Logitec Corporation since December 2004. He has been the Director of Elecom Singapore Pte. Ltd. since May 2011.

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

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

19
Average Tenure
57
Average Age
  • The average tenure for the Elecom management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Junji Hada

TITLE
President & Representative Director
AGE
65
TENURE
24.4 yrs

Masaki Tanaka

TITLE
Head of Finance & Planning Office and Director
AGE
57

Yukio Shibata

TITLE
MD, Head of Sales & Director
AGE
55

Koji Kajiura

TITLE
MD, Head of Products Development & Director
AGE
53
TENURE
19 yrs

Teruhiko Nagashiro

TITLE
MD, Head of Products Procurement & Director
AGE
57
TENURE
7.5 yrs
Board of Directors Tenure

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

11.8
Average Tenure
58
Average Age
  • The average tenure for the Elecom board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Junji Hada

TITLE
President & Representative Director
AGE
65
TENURE
24.4 yrs

Masaki Tanaka

TITLE
Head of Finance & Planning Office and Director
AGE
57
TENURE
3.8 yrs

Yukio Shibata

TITLE
MD, Head of Sales & Director
AGE
55
TENURE
24.4 yrs

Koji Kajiura

TITLE
MD, Head of Products Development & Director
AGE
53
TENURE
11.8 yrs

Teruhiko Nagashiro

TITLE
MD, Head of Products Procurement & Director
AGE
57
TENURE
6.8 yrs

Yasuyuki Hirotomi

TITLE
External Director
AGE
64
TENURE
5.8 yrs

Hiroyuki Suzuki

TITLE
Director
AGE
57

Kohei Katsukawa

TITLE
External Director
AGE
67

Hirofumi Ikeda

TITLE
External Director
AGE
65

Akira Tabata

TITLE
External Auditor
AGE
59
TENURE
18.8 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 Elecom'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. Elecom 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.

News

Simply Wall St News

Company Info

Description

Elecom Co., Ltd. manufactures and supplies peripherals, I/O devices, and PC accessories worldwide. The company offers mouse pads, mice, and keyboards. It also provides tablet PCs and smart phones; health care products, such as body composition scales and electric therapy equipment; network products, including wireless LAN routers; a cloud service and an installation service for wireless LAN access points; and game consoles, memory products, furniture, storage products, consumable goods, digital cameras, music distribution devices, on-board equipment, and accessories. The company was founded in 1986 and is headquartered in Osaka, Japan.

Details
Name: Elecom Co., Ltd.
9EL
Exchange: DB
Founded: 1986
¥1,252,537,805
42,804,785
Website: http://www.elecom.co.jp
Address: Elecom Co., Ltd.
Osaka Midosuji building,
9th Floor,
Osaka,
541-8765,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6750 Common Stock The Tokyo Stock Exchange JP JPY 22. Nov 2006
DB 9EL Common Stock Deutsche Boerse AG DE EUR 22. Nov 2006
Number of employees
Current staff
Staff numbers
1,325
Elecom employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:46
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/03/26
Last earnings filing: 2019/02/06
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.