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7208

Kanemitsu TSE:7208 Stock Report

Last Price

JP¥693.00

Market Cap

JP¥3.5b

7D

-0.4%

1Y

-8.6%

Updated

17 May, 2022

Data

Company Financials
7208 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends6/6

7208 Stock Overview

Kanemitsu Corporation designs, develops, manufactures, and sells sheet metal pulleys for vehicles, agricultural machinery, and general equipment in Japan and internationally.

Kanemitsu Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Kanemitsu
Historical stock prices
Current Share PriceJP¥693.00
52 Week HighJP¥784.00
52 Week LowJP¥691.00
Beta0.67
1 Month Change-1.00%
3 Month Change-6.60%
1 Year Change-8.58%
3 Year Change-13.27%
5 Year Change-42.78%
Change since IPO-39.05%

Recent News & Updates

Shareholder Returns

7208JP Auto ComponentsJP Market
7D-0.4%2.5%0.6%
1Y-8.6%-7.3%-2.9%

Return vs Industry: 7208 matched the JP Auto Components industry which returned -8.8% over the past year.

Return vs Market: 7208 underperformed the JP Market which returned -3.6% over the past year.

Price Volatility

Is 7208's price volatile compared to industry and market?
7208 volatility
7208 Average Weekly Movement1.6%
Auto Components Industry Average Movement5.1%
Market Average Movement4.6%
10% most volatile stocks in JP Market9.2%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 7208 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 7208's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1947616Toshiaki Kanemitsuhttps://www.kanemitsu.co.jp

Kanemitsu Corporation designs, develops, manufactures, and sells sheet metal pulleys for vehicles, agricultural machinery, and general equipment in Japan and internationally. The company offers transmission parts, such as inner drums, pistons, and plate rears; and airbag components, sensor plates, electric power steering parts, stainless steel chambers, pulleys, sprockets, and rib formation on boss parts The company was founded in 1947 and is headquartered in Akashi, Japan.

Kanemitsu Fundamentals Summary

How do Kanemitsu's earnings and revenue compare to its market cap?
7208 fundamental statistics
Market CapJP¥3.54b
Earnings (TTM)JP¥163.00m
Revenue (TTM)JP¥8.76b

21.7x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
7208 income statement (TTM)
RevenueJP¥8.76b
Cost of RevenueJP¥6.88b
Gross ProfitJP¥1.88b
Other ExpensesJP¥1.72b
EarningsJP¥163.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)31.88
Gross Margin21.44%
Net Profit Margin1.86%
Debt/Equity Ratio22.7%

How did 7208 perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

85%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 7208 (¥693) is trading below our estimate of fair value (¥2981.43)

Significantly Below Fair Value: 7208 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 7208 is poor value based on its PE Ratio (21.7x) compared to the JP Auto Components industry average (8.1x).

PE vs Market: 7208 is poor value based on its PE Ratio (21.7x) compared to the JP market (12.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 7208's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 7208's PB Ratio (0.4x) is in line with the JP Auto Components industry average.


Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.5%

Forecasted Automobiles 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 Kanemitsu 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.


Past Performance

How has Kanemitsu performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-46.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 7208 has a large one-off gain of ¥66.0M impacting its March 31 2022 financial results.

Growing Profit Margin: 7208 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 7208's earnings have declined by 46.6% per year over the past 5 years.

Accelerating Growth: 7208 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 7208 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (35.9%).


Return on Equity

High ROE: 7208's Return on Equity (1.7%) is considered low.


Financial Health

How is Kanemitsu's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 7208's short term assets (¥6.6B) exceed its short term liabilities (¥3.0B).

Long Term Liabilities: 7208's short term assets (¥6.6B) exceed its long term liabilities (¥2.1B).


Debt to Equity History and Analysis

Debt Level: 7208 has more cash than its total debt.

Reducing Debt: 7208's debt to equity ratio has increased from 17.3% to 22.7% over the past 5 years.

Debt Coverage: 7208's debt is well covered by operating cash flow (51.8%).

Interest Coverage: 7208's interest payments on its debt are well covered by EBIT (67x coverage).


Balance Sheet


Dividend

What is Kanemitsu current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 7208's dividend (3.9%) is higher than the bottom 25% of dividend payers in the JP market (1.62%).

High Dividend: 7208's dividend (3.9%) is in the top 25% of dividend payers in the JP market (3.65%)


Stability and Growth of Payments

Stable Dividend: 7208's dividends per share have been stable in the past 10 years.

Growing Dividend: 7208's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (84.7%), 7208's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (23.7%), 7208's dividend payments are well covered by cash flows.


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Toshiaki Kanemitsu (62 yo)

10.08yrs

Tenure

Mr. Toshiaki Kanemitsu has been President of Kanemitsu Corporation since April 2012. Mr. Kanemitsu served as a General Manager of Sales Technology and General Manager of Production at Kanemitsu Corporation...


Leadership Team

Experienced Management: 7208's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: 7208's board of directors are seasoned and experienced ( 12.9 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

Kanemitsu Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Kanemitsu Corporation
  • Ticker: 7208
  • Exchange: TSE
  • Founded: 1947
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: JP¥3.544b
  • Shares outstanding: 5.11m
  • Website: https://www.kanemitsu.co.jp

Number of Employees


Location

  • Kanemitsu Corporation
  • 20-26, Ohkura-honmachi
  • Akashi
  • Hyogo
  • 673-0874
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.