company background image
6246

Techno SmartTSE:6246 Stock Report

Market Cap

JP¥17.0b

7D

2.9%

1Y

68.1%

Updated

23 Sep, 2021

Data

Company Financials
6246 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

6246 Overview

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

Summary of all time highs, changes and price drops for Techno Smart
Historical stock prices
Current Share PriceJP¥1,400.00
52 Week HighJP¥815.00
52 Week LowJP¥1,548.00
Beta1.6
1 Month Change1.16%
3 Month Change7.94%
1 Year Change68.07%
3 Year Change47.37%
5 Year Change213.20%
Change since IPO125.81%

Recent News & Updates

Shareholder Returns

6246JP MachineryJP Market
7D2.9%-3.7%-2.2%
1Y68.1%26.4%23.6%

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.

Price Volatility

Is 6246's price volatile compared to industry and market?
6246 volatility
6246 Beta1.6
Industry Beta1.12
Market Beta1

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

FoundedEmployeesCEOWebsite
1912236Susumu Takahashihttps://www.technosmart.co.jp

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

How do Techno Smart's earnings and revenue compare to its market cap?
6246 fundamental statistics
Market CapJP¥17.05b
Earnings (TTM)JP¥470.00m
Revenue (TTM)JP¥7.55b

36.3x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6246 income statement (TTM)
RevenueJP¥7.55b
Cost of RevenueJP¥6.34b
Gross ProfitJP¥1.21b
ExpensesJP¥736.00m
EarningsJP¥470.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 12, 2021

Earnings per share (EPS)37.92
Gross Margin15.98%
Net Profit Margin6.23%
Debt/Equity Ratio0.0%

How did 6246 perform over the long term?

See historical performance and comparison

Valuation

Is Techno Smart 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: 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).


Future Growth

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

9.7%

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.


Past Performance

How has Techno Smart performed over the past 5 years?

10.2%

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.


Financial Health

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.


Balance Sheet


Dividend

What is Techno Smart current dividend yield, its reliability and sustainability?


Upcoming Dividend Payment

TodaySep 24 2021Ex Dividend DateSep 29 2021Dividend Pay DateDec 10 202172 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

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.


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Susumu Takahashi (73 yo)

14.25yrs

Tenure

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...


Leadership Team

Experienced Management: 6246's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: 6246's board of directors are considered experienced (6.3 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

Techno Smart Corp.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Techno Smart Corp.
  • Kyutaro-machi Kowa Building
  • 2nd Floor
  • Osaka
  • 541-0056
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 08:03
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
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.