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7236

T.RAD TSE:7236 Stock Report

Last Price

JP¥2.29k

Market Cap

JP¥15.4b

7D

2.0%

1Y

-2.0%

Updated

16 May, 2022

Data

Company Financials
7236 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends4/6

7236 Stock Overview

T.RAD Co., Ltd. manufactures and markets heat exchangers for automobiles, construction and industrial machines, air conditioners, distributed generators, and others in Japan and internationally.

T.RAD Competitors

Price History & Performance

Summary of all time highs, changes and price drops for T.RAD
Historical stock prices
Current Share PriceJP¥2,293.00
52 Week HighJP¥3,555.00
52 Week LowJP¥2,100.00
Beta1.14
1 Month Change3.43%
3 Month Change-9.69%
1 Year Change-2.01%
3 Year Change16.63%
5 Year Change-37.18%
Change since IPO-64.23%

Recent News & Updates

Shareholder Returns

7236JP Auto ComponentsJP Market
7D2.0%0.05%-0.02%
1Y-2.0%-8.8%-3.6%

Return vs Industry: 7236 exceeded the JP Auto Components industry which returned -6% over the past year.

Return vs Market: 7236 matched the JP Market which returned -2.5% over the past year.

Price Volatility

Is 7236's price volatile compared to industry and market?
7236 volatility
7236 Average Weekly Movement5.6%
Auto Components Industry Average Movement5.1%
Market Average Movement4.6%
10% most volatile stocks in JP Market9.1%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 7236 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 7236's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19364,549Hiromi Kanohttps://www.trad.co.jp

T.RAD Co., Ltd. manufactures and markets heat exchangers for automobiles, construction and industrial machines, air conditioners, distributed generators, and others in Japan and internationally. The company offers radiators, oil coolers, EGR coolers, charge air coolers, fin coils, and other heat exchangers for automobiles, motorcycles, off-highway machines, fuel cell systems, and heating and cooling equipment. It also engages in the research, development, manufacture, and marketing of environment-related equipment; and manufacture and marketing of parts for automobiles and other machines.

T.RAD Fundamentals Summary

How do T.RAD's earnings and revenue compare to its market cap?
7236 fundamental statistics
Market CapJP¥15.39b
Earnings (TTM)JP¥3.56b
Revenue (TTM)JP¥131.39b

4.3x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
7236 income statement (TTM)
RevenueJP¥131.39b
Cost of RevenueJP¥114.89b
Gross ProfitJP¥16.50b
Other ExpensesJP¥12.95b
EarningsJP¥3.56b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)529.62
Gross Margin12.56%
Net Profit Margin2.71%
Debt/Equity Ratio36.3%

How did 7236 perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

8%

Payout Ratio

Valuation

Is T.RAD undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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: 7236 (¥2293) is trading below our estimate of fair value (¥9686.4)

Significantly Below Fair Value: 7236 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 7236 is good value based on its PE Ratio (4.3x) compared to the JP Auto Components industry average (7.9x).

PE vs Market: 7236 is good value based on its PE Ratio (4.3x) compared to the JP market (12.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 7236's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 7236's PB Ratio (0.4x) is in line with the JP Auto Components industry average.


Future Growth

How is T.RAD 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 T.RAD 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 T.RAD 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


-24.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 7236 has a large one-off loss of ¥1.4B impacting its December 31 2021 financial results.

Growing Profit Margin: 7236 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 7236's earnings have declined by 24% per year over the past 5 years.

Accelerating Growth: 7236 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 7236 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (60.7%).


Return on Equity

High ROE: 7236's Return on Equity (7.9%) is considered low.


Financial Health

How is T.RAD'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: 7236's short term assets (¥57.8B) exceed its short term liabilities (¥35.6B).

Long Term Liabilities: 7236's short term assets (¥57.8B) exceed its long term liabilities (¥10.6B).


Debt to Equity History and Analysis

Debt Level: 7236's net debt to equity ratio (3.8%) is considered satisfactory.

Reducing Debt: 7236's debt to equity ratio has increased from 34.8% to 36.3% over the past 5 years.

Debt Coverage: 7236's debt is well covered by operating cash flow (52.6%).

Interest Coverage: 7236's interest payments on its debt are well covered by EBIT (78.8x coverage).


Balance Sheet


Dividend

What is T.RAD current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 7236's dividend (4.36%) is higher than the bottom 25% of dividend payers in the JP market (1.61%).

High Dividend: 7236's dividend (4.36%) is in the top 25% of dividend payers in the JP market (3.61%)


Stability and Growth of Payments

Stable Dividend: 7236's dividend payments have been volatile in the past 10 years.

Growing Dividend: 7236's dividend payments have not increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8%), 7236's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.6%), 7236'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?

14.1yrs

Average management tenure


CEO

Hiromi Kano (76 yo)

14.08yrs

Tenure

Mr. Hiromi Kano serves as the Chairman and Chief Executive Officer at T.RAD Co., Ltd and has been its Director since April 2008. Mr. Kanoh served as President of T. RAD Co., Ltd. (also known as T.RAD Co.,...


Leadership Team

Experienced Management: 7236's management team is seasoned and experienced (14.1 years average tenure).


Board Members

Experienced Board: 7236's board of directors are considered experienced (3.3 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

T.RAD Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: T.RAD Co., Ltd.
  • Ticker: 7236
  • Exchange: TSE
  • Founded: 1936
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: JP¥15.392b
  • Shares outstanding: 6.71m
  • Website: https://www.trad.co.jp

Number of Employees


Location

  • T.RAD Co., Ltd.
  • 3-25-3 Yoyogi
  • Shibuya-ku
  • Tokyo
  • 151-0053
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.