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9962

MISUMI Group TSE:9962 Stock Report

Last Price

JP¥3.67k

Market Cap

JP¥1.0t

7D

1.9%

1Y

-13.6%

Updated

09 Aug, 2022

Data

Company Financials +
9962 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends3/6

9962 Stock Overview

MISUMI Group Inc. engages in the factory automation and die components businesses worldwide.

MISUMI Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MISUMI Group
Historical stock prices
Current Share PriceJP¥3,665.00
52 Week HighJP¥5,230.00
52 Week LowJP¥2,618.00
Beta0
1 Month Change17.66%
3 Month Change33.96%
1 Year Change-13.56%
3 Year Change56.83%
5 Year Change30.89%
Change since IPO1,348.81%

Recent News & Updates

Shareholder Returns

9962JP MachineryJP Market
7D1.9%1.4%1.2%
1Y-13.6%-7.3%-0.3%

Return vs Industry: 9962 underperformed the JP Machinery industry which returned -7.3% over the past year.

Return vs Market: 9962 underperformed the JP Market which returned -0.3% over the past year.

Price Volatility

Is 9962's price volatile compared to industry and market?
9962 volatility
9962 Average Weekly Movement5.7%
Machinery Industry Average Movement4.0%
Market Average Movement4.0%
10% most volatile stocks in JP Market8.1%
10% least volatile stocks in JP Market2.1%

Stable Share Price: 9962 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 9962's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
196311,842Ryusei Onohttps://www.misumi.co.jp

MISUMI Group Inc. engages in the factory automation and die components businesses worldwide. The company operates through three segments: FA Business, Die Components Business, and VONA Business. It offers mechanical components, including shafts, timing pulleys, linear bushings, and flat belt conveyors; and locator devices and measurement equipment, such as automatic stage units, actuators, optical measurement devices, and optical waveguide alignment products.

MISUMI Group Fundamentals Summary

How do MISUMI Group's earnings and revenue compare to its market cap?
9962 fundamental statistics
Market CapJP¥1.04t
Earnings (TTM)JP¥37.54b
Revenue (TTM)JP¥368.34b

27.8x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9962 income statement (TTM)
RevenueJP¥368.34b
Cost of RevenueJP¥200.12b
Gross ProfitJP¥168.22b
Other ExpensesJP¥130.67b
EarningsJP¥37.54b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)132.02
Gross Margin45.67%
Net Profit Margin10.19%
Debt/Equity Ratio0.0%

How did 9962 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

25%

Payout Ratio

Does 9962 pay a reliable dividends?

See 9962 dividend history and benchmarks
When do you need to buy 9962 by to receive an upcoming dividend?
MISUMI Group dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateDec 07 2022
Days until Ex dividend50 days
Days until Dividend pay date119 days

Does 9962 pay a reliable dividends?

See 9962 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 9962 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9962?

Other financial metrics that can be useful for relative valuation.

9962 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.5x
Enterprise Value/EBITDA13.8x
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does 9962's PE Ratio compare to its peers?

9962 PE Ratio vs Peers
The above table shows the PE ratio for 9962 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.1x
6383 Daifuku
30.1x9.7%JP¥1.0t
6479 MINEBEA MITSUMI
15x7.9%JP¥976.0b
6506 YASKAWA Electric
31.5x8.2%JP¥1.2t
6586 Makita
15.9x9.4%JP¥855.6b
9962 MISUMI Group
27.8x8.1%JP¥1.0t

Price-To-Earnings vs Peers: 9962 is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the peer average (23.1x).


Price to Earnings Ratio vs Industry

How does 9962's PE Ratio compare vs other companies in the JP Machinery Industry?

Price-To-Earnings vs Industry: 9962 is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the JP Machinery industry average (10.6x)


Price to Earnings Ratio vs Fair Ratio

What is 9962's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9962 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.8x
Fair PE Ratio16.7x

Price-To-Earnings vs Fair Ratio: 9962 is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).


Share Price vs Fair Value

What is the Fair Price of 9962 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9962 (¥3665) is trading below our estimate of fair value (¥4202.86)

Significantly Below Fair Value: 9962 is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is MISUMI Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9962's forecast earnings growth (8.1% per year) is above the savings rate (0.04%).

Earnings vs Market: 9962's earnings (8.1% per year) are forecast to grow slower than the JP market (8.7% per year).

High Growth Earnings: 9962's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9962's revenue (6.7% per year) is forecast to grow faster than the JP market (4.4% per year).

High Growth Revenue: 9962's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9962's Return on Equity is forecast to be low in 3 years time (13.3%).


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Past Performance

How has MISUMI Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9962 has high quality earnings.

Growing Profit Margin: 9962's current net profit margins (10.2%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: 9962's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: 9962's earnings growth over the past year (52.1%) exceeds its 5-year average (6.8% per year).

Earnings vs Industry: 9962 earnings growth over the past year (52.1%) exceeded the Machinery industry 29.8%.


Return on Equity

High ROE: 9962's Return on Equity (12.5%) is considered low.


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Financial Health

How is MISUMI Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 9962's short term assets (¥268.3B) exceed its short term liabilities (¥47.8B).

Long Term Liabilities: 9962's short term assets (¥268.3B) exceed its long term liabilities (¥16.1B).


Debt to Equity History and Analysis

Debt Level: 9962 is debt free.

Reducing Debt: 9962 has no debt compared to 5 years ago when its debt to equity ratio was 1.4%.

Debt Coverage: 9962 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 9962 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is MISUMI Group 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

  • Cash Flow Coverage


1.01%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 09 2022Ex Dividend DateSep 29 2022Dividend Pay DateDec 07 202269 days from Ex DividendBuy in the next 50 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 9962's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.64%).

High Dividend: 9962's dividend (1.01%) is low compared to the top 25% of dividend payers in the JP market (3.62%).


Stability and Growth of Payments

Stable Dividend: 9962's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9962's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25%), 9962's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31.3%), 9962's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.6yrs

Average management tenure


CEO

Ryusei Ono (58 yo)

8.67yrs

Tenure

JP¥233,000,000

Compensation

Mr. Ryusei Ono has been the President at Misumi Group Inc. since December 1, 2013 respectively and serves as its Corporate Officer. He served as Chief Executive Officer at Misumi Group Inc. since June 13,...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Ryusei's total compensation is reasonable compared to companies of similar size in the JP market.

Compensation vs Earnings: Ryusei's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 9962's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: 9962's board of directors are not considered experienced ( 1.9 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

MISUMI Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: MISUMI Group Inc.
  • Ticker: 9962
  • Exchange: TSE
  • Founded: 1963
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: JP¥1.042t
  • Shares outstanding: 284.37m
  • Website: https://www.misumi.co.jp

Number of Employees


Location

  • MISUMI Group Inc.
  • Iidabashi First Building
  • 5-1, Koraku 2-chome
  • Tokyo
  • 112-8583
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/06/30
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.