Executive Summary
Hosiden Corporation manufactures and sells electronics, electrical appliances, auto parts, information telecommunications equipment, office machines, and medical equipment and related parts in Japan and internationally.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -8.1% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet and fair value.
Share Price & News
How has Hosiden's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HOD's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.9%
HOD
1.5%
DE Electronic
1.0%
DE Market
1 Year Return
87.0%
HOD
19.6%
DE Electronic
15.7%
DE Market
Return vs Industry: HOD exceeded the German Electronic industry which returned 19.6% over the past year.
Return vs Market: HOD exceeded the German Market which returned 15.7% over the past year.
Shareholder returns
| HOD | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 1.5% | 1.0% |
| 30 Day | 9.8% | -2.1% | 1.0% |
| 90 Day | 26.6% | 11.6% | 6.7% |
| 1 Year | 91.9%87.0% | 22.5%19.6% | 19.3%15.7% |
| 3 Year | 51.7%43.8% | 64.9%59.6% | 19.5%8.9% |
| 5 Year | 168.1%147.2% | 139.0%121.0% | 36.9%18.3% |
Price Volatility Vs. Market
How volatile is Hosiden's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Hosiden undervalued compared to its fair value and its price relative to the market?
10.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HOD (€11.2) is trading above our estimate of fair value (€4.63)
Significantly Below Fair Value: HOD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HOD is good value based on its PE Ratio (10x) compared to the Electronic industry average (28.4x).
PE vs Market: HOD is good value based on its PE Ratio (10x) compared to the German market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: HOD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HOD is good value based on its PB Ratio (0.8x) compared to the DE Electronic industry average (2x).
Next Steps
Future Growth
How is Hosiden forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-8.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HOD's earnings are forecast to decline over the next 3 years (-8.1% per year).
Earnings vs Market: HOD's earnings are forecast to decline over the next 3 years (-8.1% per year).
High Growth Earnings: HOD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HOD's revenue (2.3% per year) is forecast to grow slower than the German market (4.9% per year).
High Growth Revenue: HOD's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HOD's Return on Equity is forecast to be low in 3 years time (6.5%).
Next Steps
Past Performance
How has Hosiden performed over the past 5 years?
52.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HOD has high quality earnings.
Growing Profit Margin: HOD's current net profit margins (4.1%) are higher than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: HOD has become profitable over the past 5 years, growing earnings by 52.8% per year.
Accelerating Growth: HOD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HOD had negative earnings growth (-28.3%) over the past year, making it difficult to compare to the Electronic industry average (-5.4%).
Return on Equity
High ROE: HOD's Return on Equity (8.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Hosiden's financial position?
Financial Position Analysis
Short Term Liabilities: HOD's short term assets (¥136.7B) exceed its short term liabilities (¥46.2B).
Long Term Liabilities: HOD's short term assets (¥136.7B) exceed its long term liabilities (¥16.6B).
Debt to Equity History and Analysis
Debt Level: HOD's debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: HOD's debt to equity ratio has increased from 8% to 13% over the past 5 years.
Debt Coverage: HOD's debt is well covered by operating cash flow (211.7%).
Interest Coverage: HOD earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: HOD has a high level of physical assets or inventory.
Debt Coverage by Assets: HOD's debt is covered by short term assets (assets are 10.8x debt).
Next Steps
Dividend
What is Hosiden's current dividend yield, its reliability and sustainability?
1.43%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Hosiden before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HOD's dividend (1.43%) is higher than the bottom 25% of dividend payers in the German market (1.33%).
High Dividend: HOD's dividend (1.43%) is low compared to the top 25% of dividend payers in the German market (3.55%).
Stability and Growth of Payments
Stable Dividend: HOD's dividend payments have been volatile in the past 10 years.
Growing Dividend: HOD's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.4%), HOD's dividend payments are thoroughly 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 Hosiden's salary, the management and board of directors tenure and is there insider trading?
16.2yrs
Average management tenure
CEO
Kenji Furuhashi (64yo)
28.7yrs
Tenure
JP¥109,000,000
Compensation
Mr. Kenji Furuhashi has been the President at Hosiden Corp since April 1991 and served as its Chief Executive Officer. Mr. Furuhashi has been the President of Hong Kong Hosiden Limited, Korea Hosiden Co., ...
CEO Compensation Analysis
Compensation vs Market: Kenji's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD1.28M).
Compensation vs Earnings: Kenji's compensation has been consistent with company performance over the past year.
Management Age and Tenure
16.2yrs
Average Tenure
68.5yo
Average Age
Experienced Management: HOD's management team is seasoned and experienced (16.2 years average tenure).
Board Age and Tenure
9.5yrs
Average Tenure
70yo
Average Age
Experienced Board: HOD's board of directors are considered experienced (9.5 years average tenure).
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
Yasuhiro Shigeno (66yo)
Head of Technology Management Dept
- Tenure: 0yrs
Haremi Kitatani (82yo)
VP, Head of Hosiden Group & Representative Director
- Tenure: 21.5yrs
- Compensation: JP¥100.00m
Kenji Furuhashi (64yo)
President & Representative Director
- Tenure: 28.7yrs
- Compensation: JP¥109.00m
Shinji Hombo (71yo)
Head for Office of President
- Tenure: 14.5yrs
Board Members
Yasuhiro Shigeno (66yo)
Head of Technology Management Dept
- Tenure: 0yrs
Haremi Kitatani (82yo)
VP, Head of Hosiden Group & Representative Director
- Tenure: 21.5yrs
- Compensation: JP¥100.00m
Kenji Furuhashi (64yo)
President & Representative Director
- Tenure: 28.7yrs
- Compensation: JP¥109.00m
Saburo Kikyo (72yo)
Audit & Supervisory Board Member
- Tenure: 9.5yrs
Shinji Hombo (71yo)
Head for Office of President
- Tenure: 14.5yrs
Kenichi Takahashi (74yo)
External Director
- Tenure: 4.4yrs
Takayuki Tanemura (60yo)
Outside Audit & Supervisory Board Member
- Tenure: 0yrs
Susumu Maruno (64yo)
Outside Audit & Supervisory Board Member
- Tenure: 4.4yrs
Hiroshi Horie (70yo)
External Director
- Tenure: 2.4yrs
Company Information
Hosiden Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hosiden Corporation
- Ticker: HOD
- Exchange: DB
- Founded: 1947
- Industry: Electronic Components
- Sector: Tech
- Market Cap: JP¥81.607b
- Listing Market Cap: JP¥671.766m
- Shares outstanding: 58.46m
- Website: https://www.hosiden.co.jp
Number of Employees
Location
- Hosiden Corporation
- 4-33, Kitakyuhoji 1-Chome
- Yao
- Osaka
- 581-0071
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HOD | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1992 |
| 6804 | TSE (The Tokyo Stock Exchange) | Yes | Common Shares | JP | JPY | Jan 1992 |
| HOIE.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 1992 |
Biography
Hosiden Corporation manufactures and sells electronics, electrical appliances, auto parts, information telecommunications equipment, office machines, and medical equipment and related parts in Japan and in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 20:49 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.