DB:TECA

Stock Analysis Report

Executive Summary

Toshiba Tec Corporation, together with its subsidiaries, develops, manufactures, sells, and maintains retail and printing solutions in Japan, the Americas, Europe, Asia, and internationally.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TECA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.3%

TECA

29.1%

DE Tech

-0.6%

DE Market


1 Year Return

4.2%

TECA

55.0%

DE Tech

-20.9%

DE Market

Return vs Industry: TECA exceeded the German Tech industry which returned -22.2% over the past year.

Return vs Market: TECA exceeded the German Market which returned -20.6% over the past year.


Shareholder returns

TECAIndustryMarket
7 Day-6.3%29.1%-0.6%
30 Day-19.9%16.8%-16.6%
90 Day-30.4%-3.9%-26.0%
1 Year6.0%4.2%55.5%55.0%-18.6%-20.9%
3 Year13.1%7.9%73.4%71.0%-19.0%-25.8%
5 Year-0.1%-4.9%62.5%43.2%-21.1%-31.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

14.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TECA (€25.6) is trading above our estimate of fair value (€21.74)

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


Price To Earnings Ratio

PE vs Industry: TECA is good value based on its PE Ratio (13.6x) compared to the Tech industry average (15.3x).

PE vs Market: TECA is good value based on its PE Ratio (13.6x) compared to the German market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: TECA is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: TECA is overvalued based on its PB Ratio (1.8x) compared to the XE Tech industry average (1.4x).


Next Steps

Future Growth

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

7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TECA's forecast earnings growth (7.3% per year) is above the savings rate (-0.4%).

Earnings vs Market: TECA's earnings (7.3% per year) are forecast to grow slower than the German market (14.2% per year).

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

Revenue vs Market: TECA's revenue (0.8% per year) is forecast to grow slower than the German market (4% per year).

High Growth Revenue: TECA's revenue (0.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TECA's Return on Equity is forecast to be low in 3 years time (11.2%).


Next Steps

Past Performance

How has Toshiba Tec performed over the past 5 years?

53.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TECA has high quality earnings.

Growing Profit Margin: TECA's current net profit margins (2.5%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: TECA has become profitable over the past 5 years, growing earnings by 53.8% per year.

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

Earnings vs Industry: TECA had negative earnings growth (-16.5%) over the past year, making it difficult to compare to the Tech industry average (7.9%).


Return on Equity

High ROE: TECA's Return on Equity (11.3%) is considered low.


Next Steps

Financial Health

How is Toshiba Tec's financial position?


Financial Position Analysis

Short Term Liabilities: TECA's short term assets (¥198.6B) exceed its short term liabilities (¥136.6B).

Long Term Liabilities: TECA's short term assets (¥198.6B) exceed its long term liabilities (¥61.3B).


Debt to Equity History and Analysis

Debt Level: TECA is debt free.

Reducing Debt: TECA currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

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

Debt Coverage by Assets: TECA's debt is not covered by short term assets (assets are -25.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TECA is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: TECA is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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

1.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TECA's dividend (1.94%) is higher than the bottom 25% of dividend payers in the German market (1.69%).

High Dividend: TECA's dividend (1.94%) is low compared to the top 25% of dividend payers in the German market (4.85%).


Stability and Growth of Payments

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

Growing Dividend: TECA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.1%), TECA'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

How experienced are the management team and are they aligned to shareholders interests?


CEO

Takayuki Ikeda (62yo)

no data

Tenure

Mr. Takayuki Ikeda serves as the President and Chief Executive Officer at Toshiba Tec Corporation and is a overall in-charge of Risk and Compliance. Mr. Ikeda served as Managing Executive Officer, In-charg ...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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.


Top Shareholders

Company Information

Toshiba Tec Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Toshiba Tec Corporation
  • Ticker: TECA
  • Exchange: DB
  • Founded: 1950
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: JP¥177.332b
  • Listing Market Cap: JP¥1.504b
  • Shares outstanding: 54.99m
  • Website: https://www.toshibatec.com

Number of Employees


Location

  • Toshiba Tec Corporation
  • Gate City Ohsaki West Tower
  • 1-11-1, Osaki
  • Tokyo
  • 141-8562
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6588TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
TECADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
TSHT.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDJun 2012

Biography

Toshiba Tec Corporation, together with its subsidiaries, develops, manufactures, sells, and maintains retail and printing solutions in Japan, the Americas, Europe, Asia, and internationally. The company operates through Retail Solutions Business Group and Printing Solutions Business Group segments. It offers point-of-sale (POS) systems, printers, peripherals, self-checkout systems, and kiosks and displays, as well as POS applications, operating systems, middleware, and system management software solutions. The company also provides desktop and mobile printers, industrial printers, and industrial-desktop printers; inkjet head products; and color, monochrome, and hybrid MFP solutions, as well as paper reusing systems, and mobile and cloud solutions. In addition, it offers digital signage solutions; and engineering, manufacturing, and documentation services. The company was founded in 1950 and is headquartered in Tokyo, Japan. Toshiba Tec Corporation is a subsidiary of Toshiba Corporation. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 23:01
End of Day Share Price2020/04/06 00:00
Earnings2019/12/31
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.