Techno Smart Corp. designs, manufactures, and sells lithium-ion battery electrode, LCD polarized film, and other film manufacturing devices and precision instruments for coating and laminating worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥1,400.00|
|52 Week High||JP¥815.00|
|52 Week Low||JP¥1,548.00|
|1 Month Change||1.16%|
|3 Month Change||7.94%|
|1 Year Change||68.07%|
|3 Year Change||47.37%|
|5 Year Change||213.20%|
|Change since IPO||125.81%|
Recent News & Updates
|6246||JP Machinery||JP Market|
Return vs Industry: 6246 exceeded the JP Machinery industry which returned 26.4% over the past year.
Return vs Market: 6246 exceeded the JP Market which returned 23.6% over the past year.
Stable Share Price: 6246 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 6246's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.
About the Company
Techno Smart Corp. designs, manufactures, and sells lithium-ion battery electrode, LCD polarized film, and other film manufacturing devices and precision instruments for coating and laminating worldwide. Its products include liquid crystal-related film, cast film, battery-related, and ceramic sheet manufacturing devices; magnetic material coating devices; carbon fiber and ceramic thermal processing devices; dryer and deodorizing devices for printing; and direct heating, catalyst, and heat storage-type deodorizers. The company’s products also comprise closed-edge die coaters, die coaters, gravure coaters, clean-room micro bar coaters, two-roll reverse coaters, simultaneous double-sided coaters, floating dryers, unwind/rewind devices, and laboratory coaters, as well as butt splicers, feeders, and laminators.
Techno Smart Fundamentals Summary
|6246 fundamental statistics|
Is 6246 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6246 income statement (TTM)|
|Cost of Revenue||JP¥6.34b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 12, 2021
|Earnings per share (EPS)||37.92|
|Net Profit Margin||6.23%|
How did 6246 perform over the long term?See historical performance and comparison
Is Techno Smart undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6246 (¥1400) is trading below our estimate of fair value (¥7911.4)
Significantly Below Fair Value: 6246 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6246 is poor value based on its PE Ratio (36.3x) compared to the JP Machinery industry average (14.2x).
PE vs Market: 6246 is poor value based on its PE Ratio (36.3x) compared to the JP market (14.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 6246's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 6246 is overvalued based on its PB Ratio (1x) compared to the JP Machinery industry average (0.9x).
How is Techno Smart forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods 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 Techno Smart 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.
How has Techno Smart performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6246 has high quality earnings.
Growing Profit Margin: 6246's current net profit margins (6.2%) are lower than last year (10.2%).
Past Earnings Growth Analysis
Earnings Trend: 6246's earnings have grown by 10.2% per year over the past 5 years.
Accelerating Growth: 6246's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6246 had negative earnings growth (-66.1%) over the past year, making it difficult to compare to the Machinery industry average (12.3%).
Return on Equity
High ROE: 6246's Return on Equity (2.8%) is considered low.
How is Techno Smart's financial position?
Financial Position Analysis
Short Term Liabilities: 6246's short term assets (¥16.7B) exceed its short term liabilities (¥5.0B).
Long Term Liabilities: 6246's short term assets (¥16.7B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 6246 is debt free.
Reducing Debt: 6246 has no debt compared to 5 years ago when its debt to equity ratio was 15%.
Debt Coverage: 6246 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 6246 has no debt, therefore coverage of interest payments is not a concern.
What is Techno Smart current dividend yield, its reliability and sustainability?
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 6246's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 6246's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 6246's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 6246's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 6246 is not paying a notable dividend for the JP market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 6246's dividend in 3 years as they are not forecast to pay a notable one for the JP market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Susumu Takahashi (73 yo)
Mr. Susumu Takahashi has been the President of Techno Smart Corp. since June 2007. Mr. Takahashi joined Techno Smart Corp. in April 1971 and served as its Executive General Manager of Machineries and Techn...
Experienced Management: 6246's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: 6246's board of directors are considered experienced (6.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Techno Smart Corp.'s employee growth, exchange listings and data sources
- Name: Techno Smart Corp.
- Ticker: 6246
- Exchange: TSE
- Founded: 1912
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: JP¥17.049b
- Shares outstanding: 12.18m
- Website: https://www.technosmart.co.jp
Number of Employees
- Techno Smart Corp.
- Kyutaro-machi Kowa Building
- 2nd Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 08:03|
|End of Day Share Price||2021/09/22 00:00|
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.