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7911

Toppan TSE:7911 Stock Report

Last Price

JP¥2.27k

Market Cap

JP¥751.4b

7D

0.1%

1Y

24.6%

Updated

30 Jun, 2022

Data

Company Financials +
7911 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

7911 Stock Overview

Toppan Inc. develops solutions based on its printing technologies worldwide.

Toppan Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Toppan
Historical stock prices
Current Share PriceJP¥2,267.00
52 Week HighJP¥2,482.00
52 Week LowJP¥1,692.00
Beta1.02
1 Month Change-7.81%
3 Month Change4.71%
1 Year Change24.63%
3 Year Change29.40%
5 Year Change-5.62%
Change since IPO-14.38%

Recent News & Updates

Shareholder Returns

7911JP Commercial ServicesJP Market
7D0.1%2.5%2.3%
1Y24.6%-0.7%-3.9%

Return vs Industry: 7911 exceeded the JP Commercial Services industry which returned -0.7% over the past year.

Return vs Market: 7911 exceeded the JP Market which returned -3.9% over the past year.

Price Volatility

Is 7911's price volatile compared to industry and market?
7911 volatility
7911 Average Weekly Movement3.9%
Commercial Services Industry Average Movement3.8%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.4%
10% least volatile stocks in JP Market2.2%

Stable Share Price: 7911 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 7911's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190052,401Hideharu Marohttps://www.toppan.co.jp

Toppan Inc. develops solutions based on its printing technologies worldwide. The company offers security documents, business forms, data printing services, smart and other cards, in-store instant smart cards, gift card ASP services, RFID tags and solutions, counterfeit prevention devices, and payment services; and content and marketing services, such as books, magazines, supplements, textbooks, e-books, flyers, catalogs, pamphlets, promotional tools, space design, event planning and implantation services, digital content, and digital marketing services. It also provides back-office operations services, customer contact operations, and operations support services; flexible packaging, folding cartons, composite liquid containers, plastic molded goods, corrugated fiberboards, sustainable packaging development, and contract-based filling services; decorative sheets, flooring materials, decorative panels, and exterior and flame retardant products and materials; transparent barrier films, media and supplies for printers, electronics packaging materials, lithium-ion battery-related materials, and precision processed and exterior decorated components; and photomasks, LSI design services, FC-BGA substrates, lead frames, etched products, on-chip color filter arrays, and nanoimprint molds.

Toppan Fundamentals Summary

How do Toppan's earnings and revenue compare to its market cap?
7911 fundamental statistics
Market CapJP¥751.41b
Earnings (TTM)JP¥123.18b
Revenue (TTM)JP¥1.55t

6.1x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
7911 income statement (TTM)
RevenueJP¥1.55t
Cost of RevenueJP¥1.21t
Gross ProfitJP¥334.76b
Other ExpensesJP¥211.58b
EarningsJP¥123.18b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 05, 2022

Earnings per share (EPS)371.64
Gross Margin21.63%
Net Profit Margin7.96%
Debt/Equity Ratio17.7%

How did 7911 perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

12%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 7911 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7911?

Other financial metrics that can be useful for relative valuation.

7911 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/Revenue0.4x
Enterprise Value/EBITDA4.4x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does 7911's PE Ratio compare to its peers?

7911 PE Ratio vs Peers
The above table shows the PE ratio for 7911 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average94.2x
7912 Dai Nippon Printing
8.1x-9.1%JP¥787.3b
7868 KOSAIDO HoldingsLtd
8.6xn/aJP¥31.4b
4384 Raksul
344.4xn/aJP¥54.0b
7893 PRONEXUS
15.5xn/aJP¥27.3b
7911 Toppan
6.1x-19.0%JP¥751.4b

Price-To-Earnings vs Peers: 7911 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (94.2x).


Price to Earnings Ratio vs Industry

How does 7911's PE Ratio compare vs other companies in the JP Commercial Services Industry?

Price-To-Earnings vs Industry: 7911 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the JP Commercial Services industry average (13.1x)


Price to Earnings Ratio vs Fair Ratio

What is 7911'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.

7911 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ratio14x

Price-To-Earnings vs Fair Ratio: 7911 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (14x).


Share Price vs Fair Value

What is the Fair Price of 7911 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7911 (¥2267) is trading below our estimate of fair value (¥3027.71)

Significantly Below Fair Value: 7911 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 7911's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-19.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7911's earnings are forecast to decline over the next 3 years (-19% per year).

Earnings vs Market: 7911's earnings are forecast to decline over the next 3 years (-19% per year).

High Growth Earnings: 7911's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 7911's revenue (1.8% per year) is forecast to grow slower than the JP market (4.4% per year).

High Growth Revenue: 7911's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 7911's Return on Equity is forecast to be low in 3 years time (3.1%).


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Past Performance

How has Toppan performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 7911 has a large one-off gain of ¥104.6B impacting its March 31 2022 financial results.

Growing Profit Margin: 7911's current net profit margins (8%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: 7911's earnings have grown significantly by 24.6% per year over the past 5 years.

Accelerating Growth: 7911's earnings growth over the past year (50.2%) exceeds its 5-year average (24.6% per year).

Earnings vs Industry: 7911 earnings growth over the past year (50.2%) exceeded the Commercial Services industry 31%.


Return on Equity

High ROE: 7911's Return on Equity (9%) is considered low.


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Financial Health

How is Toppan'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: 7911's short term assets (¥1,050.7B) exceed its short term liabilities (¥496.1B).

Long Term Liabilities: 7911's short term assets (¥1,050.7B) exceed its long term liabilities (¥354.9B).


Debt to Equity History and Analysis

Debt Level: 7911 has more cash than its total debt.

Reducing Debt: 7911's debt to equity ratio has reduced from 21.5% to 17.7% over the past 5 years.

Debt Coverage: 7911's debt is well covered by operating cash flow (25.5%).

Interest Coverage: 7911 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.94%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 7911's dividend (1.94%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).

High Dividend: 7911's dividend (1.94%) is low compared to the top 25% of dividend payers in the JP market (3.67%).


Stability and Growth of Payments

Stable Dividend: 7911's dividends per share have been stable in the past 10 years.

Growing Dividend: 7911's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (12%), 7911's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (153.8%), 7911's dividend payments are not well covered by cash flows.


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Management

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

3.4yrs

Average management tenure


CEO

Hideharu Maro

3.42yrs

Tenure

JP¥148,000,000

Compensation

Mr. Hideharu Maro serves as a Representative Director of Toppan Printing Co., Ltd. since 2018 and its President since 2019. He was an Executive Vice President of Toppan Printing Co., Ltd.since 2018, overs...


CEO Compensation Analysis

Compensation vs Market: Hideharu's total compensation ($USD1.08M) is about average for companies of similar size in the JP market ($USD1.10M).

Compensation vs Earnings: Hideharu's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 7911's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: 7911's board of directors are considered experienced (8.4 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

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


Key Information

  • Name: Toppan Inc.
  • Ticker: 7911
  • Exchange: TSE
  • Founded: 1900
  • Industry: Commercial Printing
  • Sector: Commercial Services
  • Implied Market Cap: JP¥751.407b
  • Shares outstanding: 331.45m
  • Website: https://www.toppan.co.jp

Number of Employees


Location

  • Toppan Inc.
  • 1-3-3, Suido
  • Bunkyo-ku
  • Tokyo
  • 112-8531
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
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.