MUN:KYO

Stock Analysis Report

Kyoritsu Electric

Executive Summary

Kyoritsu Electric Corporation offers various systems, testing and measuring instruments, etc.


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

5.6%

KYO

4.2%

DE Electronic

7.3%

DE Market


1 Year Return

-25.4%

KYO

-26.3%

DE Electronic

-17.7%

DE Market

Return vs Industry: KYO matched the German Electronic industry which returned -26.3% over the past year.

Return vs Market: KYO underperformed the German Market which returned -17.7% over the past year.


Shareholder returns

KYOIndustryMarket
7 Day5.6%4.2%7.3%
30 Day-7.2%-20.8%-17.9%
90 Day-39.7%-24.0%-25.8%
1 Year-23.6%-25.4%-24.8%-26.3%-15.1%-17.7%
3 Year-1.2%-7.5%-2.4%-5.6%-18.7%-25.6%
5 Year19.1%6.1%55.0%43.6%-17.7%-29.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KYO (€13.58) is trading below our estimate of fair value (€49.5)

Significantly Below Fair Value: KYO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KYO is good value based on its PE Ratio (5.4x) compared to the Electronic industry average (15.8x).

PE vs Market: KYO is good value based on its PE Ratio (5.4x) compared to the German market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KYO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KYO is good value based on its PB Ratio (0.6x) compared to the DE Electronic industry average (1.1x).


Next Steps

Future Growth

How is Kyoritsu Electric forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.2%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kyoritsu Electric has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kyoritsu Electric performed over the past 5 years?

17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KYO has high quality earnings.

Growing Profit Margin: KYO's current net profit margins (3.8%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: KYO's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: KYO's earnings growth over the past year (10.2%) is below its 5-year average (17.7% per year).

Earnings vs Industry: KYO earnings growth over the past year (10.2%) exceeded the Electronic industry -7.4%.


Return on Equity

High ROE: KYO's Return on Equity (10.6%) is considered low.


Next Steps

Financial Health

How is Kyoritsu Electric's financial position?


Financial Position Analysis

Short Term Liabilities: KYO's short term assets (¥16.9B) exceed its short term liabilities (¥9.6B).

Long Term Liabilities: KYO's short term assets (¥16.9B) exceed its long term liabilities (¥2.0B).


Debt to Equity History and Analysis

Debt Level: KYO's debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: KYO's debt to equity ratio has reduced from 57.4% to 13.4% over the past 5 years.

Debt Coverage: KYO's debt is well covered by operating cash flow (110.1%).

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


Balance Sheet

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

Debt Coverage by Assets: KYO's debt is covered by short term assets (assets are 9.9x debt).


Next Steps

Dividend

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

3.24%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: KYO's dividend (3.24%) is higher than the bottom 25% of dividend payers in the German market (1.7%).

High Dividend: KYO's dividend (3.24%) is low compared to the top 25% of dividend payers in the German market (4.97%).


Stability and Growth of Payments

Stable Dividend: KYO's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.6%), KYO'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?

20.5yrs

Average management tenure


CEO

Nobuyuki Nishi (63yo)

3.5s

Tenure

Nobuyuki Nishi serves as President and Representative Director at Kyoritsu Electric Corporation since September 28, 2016. He served as Director of Kyoritsu Electric Corporation since April 1986, Branch Man ...


Leadership Team

NamePositionTenureCompensationOwnership
Nobuyuki Nishi
President and Representative Director3.5yrsno data6.59% ¥3.7m
Nobuyuki Yamaguchi
Managing Directorno datano datano data
Shigezo Tauchi
Representative Senior Managing Director3.5yrsno datano data
Akira Matsushita
General Manager of CE Division and Director23.5yrsno data0.25% ¥141.5k
Kunio Mochizuki
General Manager of 1st Engineering Division and Director27.92yrsno data0.25% ¥141.5k

20.5yrs

Average Tenure

70yo

Average Age

Experienced Management: KYO's management team is seasoned and experienced (20.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nobuyuki Nishi
President and Representative Director3.5yrsno data6.59% ¥3.7m
Nobuyuki Yamaguchi
Managing Directorno datano datano data
Shigezo Tauchi
Representative Senior Managing Director3.5yrsno datano data
Akira Matsushita
General Manager of CE Division and Director23.5yrsno data0.25% ¥141.5k
Kunio Mochizuki
General Manager of 1st Engineering Division and Director27.92yrsno data0.25% ¥141.5k
Mitsuyo Nishi
Part-Time Auditor3.5yrsno data4.2% ¥2.4m
Kiyoji Ito
External Part-Time Auditor17.5yrsno datano data
Kenichi Kawai
External Director6.5yrsno datano data
Hirohiko Tajiri
Full-Time Auditor5.5yrsno data0.17% ¥99.0k
Toru Ikegami
External Full-Time Auditor4.5yrsno datano data

5.5yrs

Average Tenure

70yo

Average Age

Experienced Board: KYO's board of directors are considered experienced (5.5 years average tenure).


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

Kyoritsu Electric Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kyoritsu Electric Corporation
  • Ticker: KYO
  • Exchange: MUN
  • Founded: 1957
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: JP¥6.821b
  • Listing Market Cap: JP¥56.931m
  • Shares outstanding: 4.02m
  • Website: https://www.kdwan.co.jp

Number of Employees


Location

  • Kyoritsu Electric Corporation
  • 61-1, Nakadahon-cho
  • Suruga-ku
  • Shizuoka
  • Shizuoka
  • 422-8686
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6874JASDAQ (TSE JASDAQ)YesCommon StockJPJPYJun 1998
KYOMUN (Boerse Muenchen)YesCommon StockDEEURJun 1998

Biography

Kyoritsu Electric Corporation offers various systems, testing and measuring instruments, etc. primarily in Japan. It provides process automation products, such as integrated production control systems, network-based control systems, and compact control systems, as well as flow, pressure, and temperature sensors; and factory automation products and services that include Web camera monitoring systems and system integration services. The company also provides test and measurement products, including automatic optical measurement products, in-circuit testers, vibroducers, combination testers, PC-based function testers, PC-based multi meters and oscilloscopes, data acquisition systems, and digital oscilloscopes; laboratory automation products; and open network products, such as Linux servers and diskless servers. In addition, it offers civil automation products, which include shield and tunnel boring machine management systems; electromagnetic compatibility products; and environmental products. The company’s customers include manufacturers in various fields of industries, such as automobiles, electrical appliances, semiconductors, pulp and paper, pharmaceuticals, and chemical industries. Kyoritsu Electric Corporation was founded in 1957 and is based in Shizuoka, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 21:01
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.