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6694

Zoom TSE:6694 Stock Report

Last Price

JP¥1.17k

Market Cap

JP¥4.9b

7D

-6.7%

1Y

-32.1%

Updated

07 Aug, 2022

Data

Company Financials +
6694 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends4/6

6694 Stock Overview

Zoom Corporation develops and sells electronic musical devices in Japan.

Zoom Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zoom
Historical stock prices
Current Share PriceJP¥1,167.00
52 Week HighJP¥2,440.00
52 Week LowJP¥885.00
Beta0.89
1 Month Change14.86%
3 Month Change8.66%
1 Year Change-32.05%
3 Year Change56.54%
5 Year Change31.94%
Change since IPO23.82%

Recent News & Updates

Shareholder Returns

6694JP Consumer DurablesJP Market
7D-6.7%0.2%0.5%
1Y-32.1%-2.4%-0.09%

Return vs Industry: 6694 underperformed the JP Consumer Durables industry which returned -2.4% over the past year.

Return vs Market: 6694 underperformed the JP Market which returned -0.1% over the past year.

Price Volatility

Is 6694's price volatile compared to industry and market?
6694 volatility
6694 Average Weekly Movement8.2%
Consumer Durables Industry Average Movement3.6%
Market Average Movement3.9%
10% most volatile stocks in JP Market8.1%
10% least volatile stocks in JP Market2.1%

Stable Share Price: 6694 is more volatile than 90% of JP stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 6694's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
1983171Masahiro Iijimahttps://www.zoom.co.jp

Zoom Corporation develops and sells electronic musical devices in Japan. It provides handheld, field, podtrak, video, and mobile audio recorders; audio interfaces; digital mixer/multi-track recorders; microphones; vocal processors; multi effects processors and pedals; digital instruments; and accessories, such as power supplies, mic capsules, and cases. The company offers its products through distributors in Japan and internationally.

Zoom Fundamentals Summary

How do Zoom's earnings and revenue compare to its market cap?
6694 fundamental statistics
Market CapJP¥4.93b
Earnings (TTM)JP¥593.00m
Revenue (TTM)JP¥13.38b

8.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6694 income statement (TTM)
RevenueJP¥13.38b
Cost of RevenueJP¥7.90b
Gross ProfitJP¥5.49b
Other ExpensesJP¥4.90b
EarningsJP¥593.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 12, 2022

Earnings per share (EPS)140.27
Gross Margin41.01%
Net Profit Margin4.43%
Debt/Equity Ratio47.2%

How did 6694 perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6694 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 6694?

Other financial metrics that can be useful for relative valuation.

6694 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/EBITDA4.7x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does 6694's PE Ratio compare to its peers?

6694 PE Ratio vs Peers
The above table shows the PE ratio for 6694 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.2x
6809 TOA
14x5.5%JP¥25.7b
6632 JVCKENWOOD
7.5x-2.0%JP¥31.2b
7740 TamronLtd
10.4x3.8%JP¥60.7b
8886 Wood FriendsLtd
4.9xn/aJP¥4.6b
6694 Zoom
8.3x35.3%JP¥4.9b

Price-To-Earnings vs Peers: 6694 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (9.2x).


Price to Earnings Ratio vs Industry

How does 6694's PE Ratio compare vs other companies in the JP Consumer Durables Industry?

Price-To-Earnings vs Industry: 6694 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the JP Consumer Durables industry average (8.7x)


Price to Earnings Ratio vs Fair Ratio

What is 6694'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.

6694 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio15.5x

Price-To-Earnings vs Fair Ratio: 6694 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).


Share Price vs Fair Value

What is the Fair Price of 6694 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6694 (¥1167) is trading below our estimate of fair value (¥1273.21)

Significantly Below Fair Value: 6694 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: Insufficient data to show price forecast.


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Future Growth

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

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


35.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6694's forecast earnings growth (35.3% per year) is above the savings rate (0.04%).

Earnings vs Market: 6694's earnings (35.3% per year) are forecast to grow faster than the JP market (8.6% per year).

High Growth Earnings: 6694's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6694's revenue (7.6% per year) is forecast to grow faster than the JP market (4.4% per year).

High Growth Revenue: 6694's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 6694's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Zoom performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6694 has high quality earnings.

Growing Profit Margin: 6694's current net profit margins (4.4%) are lower than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: 6694's earnings have grown significantly by 32.8% per year over the past 5 years.

Accelerating Growth: 6694's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6694 had negative earnings growth (-35.6%) over the past year, making it difficult to compare to the Consumer Durables industry average (8.6%).


Return on Equity

High ROE: 6694's Return on Equity (10.9%) is considered low.


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Financial Health

How is Zoom's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6694's short term assets (¥8.5B) exceed its short term liabilities (¥4.3B).

Long Term Liabilities: 6694's short term assets (¥8.5B) exceed its long term liabilities (¥1.2B).


Debt to Equity History and Analysis

Debt Level: 6694's net debt to equity ratio (14.8%) is considered satisfactory.

Reducing Debt: 6694's debt to equity ratio has increased from 16.5% to 47.2% over the past 5 years.

Debt Coverage: 6694's debt is well covered by operating cash flow (23%).

Interest Coverage: 6694's interest payments on its debt are well covered by EBIT (30.5x coverage).


Balance Sheet


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Dividend

What is Zoom 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

  • Cash Flow Coverage


4.28%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6694's dividend (4.28%) is higher than the bottom 25% of dividend payers in the JP market (1.63%).

High Dividend: 6694's dividend (4.28%) is in the top 25% of dividend payers in the JP market (3.62%)


Stability and Growth of Payments

Stable Dividend: 6694 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6694's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.6%), 6694's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (51.6%), 6694's dividend payments are covered by cash flows.


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Management

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

6.1yrs

Average management tenure


CEO

Masahiro Iijima (67 yo)

14.25yrs

Tenure

Mr. Masahiro Iijima has been the Chief Executive Officer at Zoom Corporation since May 2008. Mr. Iijima served as Head of Design, Engineering Department at Zoom Corporation since April 1985 and its Head of...


Leadership Team

Experienced Management: 6694's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: 6694's board of directors are considered experienced (9.4 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

Zoom Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Zoom Corporation
  • Ticker: 6694
  • Exchange: TSE
  • Founded: 1983
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Implied Market Cap: JP¥4.933b
  • Shares outstanding: 4.23m
  • Website: https://www.zoom.co.jp

Number of Employees


Location

  • Zoom Corporation
  • 4-4-3 Kanda-surugadai
  • Chiyoda-ku
  • Tokyo
  • 101-0062
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.