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6028

TechnoPro Holdings TSE:6028 Stock Report

Last Price

JP¥3.37k

Market Cap

JP¥362.5b

7D

-1.5%

1Y

20.0%

Updated

18 Aug, 2022

Data

Company Financials +
6028 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends3/6

6028 Stock Overview

TechnoPro Holdings, Inc., through its subsidiaries, operates as a technology-focused staffing and services company in Japan and internationally.

TechnoPro Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TechnoPro Holdings
Historical stock prices
Current Share PriceJP¥3,365.00
52 Week HighJP¥3,720.00
52 Week LowJP¥2,450.00
Beta1.49
1 Month Change10.51%
3 Month Change13.53%
1 Year Change20.01%
3 Year Change62.56%
5 Year Change102.71%
Change since IPO427.15%

Recent News & Updates

Shareholder Returns

6028JP Professional ServicesJP Market
7D-1.5%-2.1%1.0%
1Y20.0%-14.6%4.5%

Return vs Industry: 6028 exceeded the JP Professional Services industry which returned -12.7% over the past year.

Return vs Market: 6028 exceeded the JP Market which returned 4.4% over the past year.

Price Volatility

Is 6028's price volatile compared to industry and market?
6028 volatility
6028 Average Weekly Movement5.3%
Professional Services Industry Average Movement5.5%
Market Average Movement3.7%
10% most volatile stocks in JP Market7.8%
10% least volatile stocks in JP Market2.0%

Stable Share Price: 6028 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6028's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199521,692Takeshi Yagihttps://www.technoproholdings.com

TechnoPro Holdings, Inc., through its subsidiaries, operates as a technology-focused staffing and services company in Japan and internationally. The company offers various services, including engineer staffing, contract assignment, engineering consulting, domestic nearshore and overseas offshore delivery, job placement, and education and training in the machinery, electrics and electronics, embedded controls, information systems, IT infrastructure, software development and maintenance, civil engineering, production plant, architecture, chemistry, biotechnology, and construction areas. It also provides IT system integration and package products; application development and IT consulting services; assessment, inspection, design, and supervision services of buildings; employment services for people with disabilities; and education and training services for CAD, programming, network construction, web design, PC operation, Microsoft office, etc. In addition, the company offers engineering consultancy and offshore development services; and recruitment process outsourcing services, as well as operates as a recruitment agency.

TechnoPro Holdings Fundamentals Summary

How do TechnoPro Holdings's earnings and revenue compare to its market cap?
6028 fundamental statistics
Market CapJP¥362.50b
Earnings (TTM)JP¥15.43b
Revenue (TTM)JP¥178.76b

23.5x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6028 income statement (TTM)
RevenueJP¥178.76b
Cost of RevenueJP¥131.90b
Gross ProfitJP¥46.86b
Other ExpensesJP¥31.43b
EarningsJP¥15.43b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)143.23
Gross Margin26.21%
Net Profit Margin8.63%
Debt/Equity Ratio23.3%

How did 6028 perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

50%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6028 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 6028?

Other financial metrics that can be useful for relative valuation.

6028 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/Revenue2x
Enterprise Value/EBITDA14.8x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does 6028's PE Ratio compare to its peers?

6028 PE Ratio vs Peers
The above table shows the PE ratio for 6028 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average45x
2412 Benefit One
40.1x21.0%JP¥356.5b
2175 SMS
50.5x18.1%JP¥298.0b
4194 Visional
69.4x22.6%JP¥306.3b
9744 Meitec
20x6.2%JP¥200.4b
6028 TechnoPro Holdings
23.5x10.6%JP¥362.5b

Price-To-Earnings vs Peers: 6028 is good value based on its Price-To-Earnings Ratio (23.5x) compared to the peer average (45x).


Price to Earnings Ratio vs Industry

How does 6028's PE Ratio compare vs other companies in the JP Professional Services Industry?

Price-To-Earnings vs Industry: 6028 is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the JP Professional Services industry average (18.3x)


Price to Earnings Ratio vs Fair Ratio

What is 6028'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.

6028 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.5x
Fair PE Ratio24.3x

Price-To-Earnings vs Fair Ratio: 6028 is good value based on its Price-To-Earnings Ratio (23.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.3x).


Share Price vs Fair Value

What is the Fair Price of 6028 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6028 (¥3365) is trading below our estimate of fair value (¥5923.98)

Significantly Below Fair Value: 6028 is trading below fair value by more than 20%.


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 TechnoPro Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6028's forecast earnings growth (10.6% per year) is above the savings rate (0.04%).

Earnings vs Market: 6028's earnings (10.6% per year) are forecast to grow faster than the JP market (8.6% per year).

High Growth Earnings: 6028's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6028's revenue (8.4% per year) is forecast to grow faster than the JP market (4.3% per year).

High Growth Revenue: 6028's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6028's Return on Equity is forecast to be high in 3 years time (21.6%)


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Past Performance

How has TechnoPro Holdings 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


14.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6028 has high quality earnings.

Growing Profit Margin: 6028's current net profit margins (8.6%) are higher than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: 6028's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: 6028's earnings growth over the past year (16.5%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: 6028 earnings growth over the past year (16.5%) underperformed the Professional Services industry 29.4%.


Return on Equity

High ROE: 6028's Return on Equity (22.2%) is considered high.


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Financial Health

How is TechnoPro Holdings'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: 6028's short term assets (¥74.0B) exceed its short term liabilities (¥49.2B).

Long Term Liabilities: 6028's short term assets (¥74.0B) exceed its long term liabilities (¥22.4B).


Debt to Equity History and Analysis

Debt Level: 6028 has more cash than its total debt.

Reducing Debt: 6028's debt to equity ratio has reduced from 58.8% to 23.3% over the past 5 years.

Debt Coverage: 6028's debt is well covered by operating cash flow (114.9%).

Interest Coverage: 6028 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is TechnoPro Holdings's 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


2.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6028's dividend (2.14%) is higher than the bottom 25% of dividend payers in the JP market (1.62%).

High Dividend: 6028's dividend (2.14%) is low compared to the top 25% of dividend payers in the JP market (3.58%).


Stability and Growth of Payments

Stable Dividend: 6028 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6028's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.3%), 6028's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (42.7%), 6028's dividend payments are well covered by cash flows.


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Management

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

1.6yrs

Average management tenure


CEO

Takeshi Yagi (55 yo)

1.08yrs

Tenure

Mr. Takeshi Yagi serves as President, CEO & Representative Director at TechnoPro Holdings, Inc since July 01, 2021. He had been a Managing Executive Officer at TechnoPro Holdings, Inc since November 2012 u...


Leadership Team

Experienced Management: 6028's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 6028's board of directors are considered experienced (6.9 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

TechnoPro Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: TechnoPro Holdings, Inc.
  • Ticker: 6028
  • Exchange: TSE
  • Founded: 1995
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: JP¥362.498b
  • Shares outstanding: 107.73m
  • Website: https://www.technoproholdings.com

Number of Employees


Location

  • TechnoPro Holdings, Inc.
  • Roppongi Hills Mori Tower
  • 35th Floor
  • Tokyo
  • 106-6135
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.