TSE:6502

Stock Analysis Report

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Executive Summary

Toshiba Corporation, together with its subsidiaries, manufactures and markets electronic and electrical products and systems worldwide.


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6502's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

6502

-2.5%

JP Industrials

-2.1%

JP Market


1 Year Return

1.9%

6502

-2.2%

JP Industrials

-2.2%

JP Market

Return vs Industry: 6502 exceeded the JP Industrials industry which returned -2.2% over the past year.

Return vs Market: 6502 exceeded the JP Market which returned -2.2% over the past year.


Shareholder returns

6502IndustryMarket
7 Day0%-2.5%-2.1%
30 Day12.9%3.5%-3.0%
90 Day42.9%27.2%17.8%
1 Year2.6%1.9%-1.2%-2.2%0.3%-2.2%
3 Year35.9%33.6%27.3%23.4%5.3%-2.0%
5 Year-5.7%-7.2%1.7%-2.0%15.0%2.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 6502 (¥3500) is trading above our estimate of fair value (¥1861.61)

Significantly Below Fair Value: 6502 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6502 is unprofitable, so we can't compare its PE Ratio to the Industrials industry average.

PE vs Market: 6502 is unprofitable, so we can't compare its PE Ratio to the JP market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6502's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6502 is overvalued based on its PB Ratio (1.8x) compared to the JP Industrials industry average (0.9x).


Next Steps

Future Growth

How is Toshiba forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

69.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6502 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.05%).

Earnings vs Market: 6502 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 6502's is expected to become profitable in the next 3 years.

Revenue vs Market: 6502's revenue (0.7% per year) is forecast to grow slower than the JP market (3.3% per year).

High Growth Revenue: 6502's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6502's Return on Equity is forecast to be low in 3 years time (14%).


Next Steps

Past Performance

How has Toshiba performed over the past 5 years?

24.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6502 is currently unprofitable.

Growing Profit Margin: 6502 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 6502 is unprofitable, but has reduced losses over the past 5 years at a rate of 24.7% per year.

Accelerating Growth: Unable to compare 6502's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6502 is unprofitable, making it difficult to compare its past year earnings growth to the Industrials industry (-7.3%).


Return on Equity

High ROE: 6502 has a negative Return on Equity (-7.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Toshiba's financial position?


Financial Position Analysis

Short Term Liabilities: 6502's short term assets (¥2,038.1B) exceed its short term liabilities (¥1,397.9B).

Long Term Liabilities: 6502's short term assets (¥2,038.1B) exceed its long term liabilities (¥909.1B).


Debt to Equity History and Analysis

Debt Level: 6502's debt to equity ratio (36.7%) is considered satisfactory.

Reducing Debt: 6502's debt to equity ratio has reduced from 83.9% to 36.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 6502 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 6502 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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

0.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6502's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.48%).

High Dividend: 6502's dividend (0.57%) is low compared to the top 25% of dividend payers in the JP market (3.49%).


Stability and Growth of Payments

Stable Dividend: 6502 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.

Growing Dividend: 6502 is not paying a notable dividend for the JP market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 6502 is not paying a notable dividend for the JP market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6502'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?

0.5yrs

Average management tenure


CEO

Nobuaki Kurumatani (63yo)

2.25yrs

Tenure

Mr. Nobuaki Kurumatani serves as President of Toshiba Corporation since April 1, 2020. Mr. Kurumatani serves as Chief Executive Officer and Director of Toshiba Corporation since April 1, 2018 and has been  ...


Leadership Team

NamePositionTenureCompensationOwnership
Nobuaki Kurumatani
President2.25yrsno data0.00095% ¥15.1m
Masayoshi Hirata
Representative Executive Officerno datano data0.0013% ¥21.3m
Yasuhiro MATSUNAGA
Corporate Officer & VP of Accounting Division0.50yrno datano data
Hiroshi Yamamoto
Corporate Digitization Chief Technology Officer2yrsno datano data
Masayasu Toyohara
Rep. Executive Officer0.50yrno data0.0030% ¥47.6m
Hironaga SHIOKAWA
Corporate Officer and VP of Human Resources & Administration Division0.50yrno datano data
Fumihiko Kimura
Group Manager of Investor Relationsno datano datano data
Naoya Sakurai
Rep Exe Officer0.50yrno data0.0012% ¥19.5m
Noriaki Hashimoto
Corporate Officer & Corporate Senior VP0.50yrno datano data
Satoshi Tsunakawa
Chairman & Director2.08yrsno data0.0032% ¥50.8m

0.5yrs

Average Tenure

63yo

Average Age

Experienced Management: 6502's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Nobuaki Kurumatani
President2.25yrsno data0.00095% ¥15.1m
Satoshi Tsunakawa
Chairman & Director2.08yrsno data0.0032% ¥50.8m
Jerome Thomas Black
Independent Outside Director1.08yrsno datano data
Junji Ota
Independent Outside Director2.08yrsno datano data
Yoshimitsu Kobayashi
Independent Chairman of the Board2.08yrsno datano data
George Raymond Zage
Independent Director1.08yrsno data0.049% ¥773.4m
Paul Jeremy Brough
Independent Outside Director1.08yrsno datano data
Ayako Hirota Weissman
Independent Outside Director1.08yrsno data0.00044% ¥7.0m
Yuki Furuta
Independent Outside Director4.83yrsno data0.000070% ¥1.1m
Nobuyuki Kobayashi
Independent Director1.08yrsno datano data

1.6yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 6502's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: Toshiba Corporation
  • Ticker: 6502
  • Exchange: TSE
  • Founded: 1875
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: JP¥1.588t
  • Shares outstanding: 453.58m
  • Website: https://www.toshiba.co.jp

Number of Employees


Location

  • Toshiba Corporation
  • 1-1, Shibaura 1-chome
  • Minato-Ku
  • Tokyo
  • 105-8001
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TOSB.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1975
6502TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1975
0Q0CLSE (London Stock Exchange)YesCommon StockGBJPYJan 1975
TSE1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975
TSE1WBAG (Wiener Boerse AG)YesCommon StockATEURJan 1975
TOSY.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Toshiba Corporation, together with its subsidiaries, manufactures and markets electronic and electrical products and systems worldwide. It operates through Energy Systems & Solutions, Infrastructure Systems & Solutions, Building Solutions, Retail & Printing Solutions, Electronic Devices & Storage Solutions, Digital Solutions, and Others segments. The company offers infrastructure systems, including power, transmission and distribution, industrial, railway transportation, security and automation, broadcasting and network, photovoltaic, water and environmental, building, and POS systems; airport facilities and solid-state weather radars; elevators and escalators; and retail and printing solutions for offices and stores. It also provides electronic devices and components, such as semiconductors, storage products, microwave semiconductors and components, materials and devices, and display devices and components; lithium-ion rechargeable batteries for system on board automobiles; and digital products comprising PCs, tablets, televisions, Blu-ray products, etc. In addition, the company offers nuclear power generation systems, thermal power generation systems, light fixtures, air-conditioners, building and facility solutions, multi-function peripherals, hard disk drives, cloud solutions, personal computers, visual products, etc. Toshiba Corporation was founded in 1875 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 14:45
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.