Panasonic
Market Cap
JP¥1.8t
Last Updated
2020/04/02 15:17 UTC
Data Sources
Company Financials +
Executive Summary
Panasonic Corporation, together with its subsidiaries, develops, produces, sells, and services electrical and electronic products under the Panasonic brand name worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record and good value.
Similar Companies
Share Price & News
How has Panasonic's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6752's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-5.0%
6752
-4.5%
JP Consumer Durables
-4.6%
JP Market
1 Year Return
-20.1%
6752
1.1%
JP Consumer Durables
-15.7%
JP Market
Return vs Industry: 6752 underperformed the JP Consumer Durables industry which returned 5.3% over the past year.
Return vs Market: 6752 underperformed the JP Market which returned -12.1% over the past year.
Shareholder returns
| 6752 | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.0% | -4.5% | -4.6% |
| 30 Day | -22.3% | -13.2% | -11.2% |
| 90 Day | -23.7% | -21.4% | -21.0% |
| 1 Year | -17.3%-20.1% | 3.4%1.1% | -13.5%-15.7% |
| 3 Year | -31.2%-36.4% | -2.6%-8.1% | -2.3%-9.2% |
| 5 Year | -44.0%-50.6% | 6.6%-2.8% | -1.1%-11.8% |
Price Volatility Vs. Market
How volatile is Panasonic's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Panasonic undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6752 (¥806.1) is trading below our estimate of fair value (¥1598.44)
Significantly Below Fair Value: 6752 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6752 is good value based on its PE Ratio (6.5x) compared to the Consumer Durables industry average (8.5x).
PE vs Market: 6752 is good value based on its PE Ratio (6.5x) compared to the JP market (12.3x).
Price to Earnings Growth Ratio
PEG Ratio: 6752 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 6752 is overvalued based on its PB Ratio (1x) compared to the JP Consumer Durables industry average (0.6x).
Next Steps
Future Growth
How is Panasonic forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
4.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6752's forecast earnings growth (4.5% per year) is above the savings rate (-0.09%).
Earnings vs Market: 6752's earnings (4.5% per year) are forecast to grow slower than the JP market (9.2% per year).
High Growth Earnings: 6752's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6752's revenue is expected to decline over the next 3 years (-0.06% per year).
High Growth Revenue: 6752's revenue is forecast to decline over the next 3 years (-0.06% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6752's Return on Equity is forecast to be low in 3 years time (10.3%).
Next Steps
Past Performance
How has Panasonic performed over the past 5 years?
13.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6752 has high quality earnings.
Growing Profit Margin: 6752's current net profit margins (3.8%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: 6752's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: 6752's earnings growth over the past year (37.7%) exceeds its 5-year average (13.2% per year).
Earnings vs Industry: 6752 earnings growth over the past year (37.7%) exceeded the Consumer Durables industry -0.4%.
Return on Equity
High ROE: 6752's Return on Equity (14.3%) is considered low.
Next Steps
Financial Health
How is Panasonic's financial position?
Financial Position Analysis
Short Term Liabilities: 6752's short term assets (¥3,997.1B) exceed its short term liabilities (¥2,643.7B).
Long Term Liabilities: 6752's short term assets (¥3,997.1B) exceed its long term liabilities (¥1,922.6B).
Debt to Equity History and Analysis
Debt Level: 6752's debt to equity ratio (52.5%) is considered high.
Reducing Debt: 6752's debt to equity ratio has increased from 30.2% to 52.5% over the past 5 years.
Debt Coverage: 6752's debt is well covered by operating cash flow (36.7%).
Interest Coverage: 6752 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 6752 has a high level of physical assets or inventory.
Debt Coverage by Assets: 6752's debt is covered by short term assets (assets are 3.6x debt).
Next Steps
Dividend
What is Panasonic's current dividend yield, its reliability and sustainability?
3.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6752's dividend (3.72%) is higher than the bottom 25% of dividend payers in the JP market (1.69%).
High Dividend: 6752's dividend (3.72%) is low compared to the top 25% of dividend payers in the JP market (3.87%).
Stability and Growth of Payments
Stable Dividend: 6752's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6752's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.2%), 6752's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Kazuhiro Tsuga (63yo)
2.83s
Tenure
JP¥255,000,000
Compensation
Mr. Kazuhiro Tsuga has been the President and Chief Executive Officer at Panasonic Corporation since June 27, 2012 and June 2017 respectively. Mr. Tsuga served as the President of AVC Networks Company sinc ...
CEO Compensation Analysis
Compensation vs Market: Kazuhiro's total compensation ($USD2.37M) is above average for companies of similar size in the JP market ($USD1.82M).
Compensation vs Earnings: Kazuhiro's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Representative Director | 2.83yrs | JP¥255.00m | 0.0031% ¥57.2m | |
| Executive VP | 5.83yrs | JP¥141.00m | 0.0018% ¥32.1m | |
| Senior Managing Executive Officer & Representative Director | 2.75yrs | JP¥151.00m | 0.00093% ¥17.0m | |
| CFO, Managing Executive Officer & Director | 2.75yrs | no data | 0.00072% ¥13.2m | |
| Senior Vice President of Operations | no data | no data | no data | |
| General Manager of Accounting & Business Performance Management Office | no data | no data | no data | |
| Senior Managing Executive Officer | 2.75yrs | JP¥114.00m | no data | |
| Chief Digital Officer & Chief Information Officer | 1.33yrs | no data | no data | |
| General Manager of Planning and Administration Department | no data | no data | no data | |
| General Manager of Investor Relations | no data | no data | no data |
2.8yrs
Average Tenure
62yo
Average Age
Experienced Management: 6752's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Representative Director | 2.83yrs | JP¥255.00m | 0.0031% ¥57.2m | |
| Executive VP | 5.83yrs | JP¥141.00m | 0.0018% ¥32.1m | |
| Senior Managing Executive Officer & Representative Director | 2.75yrs | JP¥151.00m | 0.00093% ¥17.0m | |
| CFO, Managing Executive Officer & Director | 2.75yrs | no data | 0.00072% ¥13.2m | |
| General Counsel | 1.83yrs | no data | no data | |
| Senior Managing Executive Officer & Representative Director | 1.25yrs | JP¥118.00m | 0.0011% ¥19.8m | |
| Independent Outside Director | 3.83yrs | no data | 0.00060% ¥11.0m | |
| Independent Outside Director | 4.83yrs | no data | no data | |
| Chairman of the Board | 6.83yrs | JP¥118.00m | 0.0018% ¥33.0m | |
| Independent Outside Director | 6.83yrs | no data | 0.00021% ¥3.8m |
3.3yrs
Average Tenure
63yo
Average Age
Experienced Board: 6752's board of directors are considered experienced (3.3 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
Panasonic Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Panasonic Corporation
- Ticker: 6752
- Exchange: TSE
- Founded: 1918
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: JP¥1.833t
- Shares outstanding: 2.33b
- Website: https://www.panasonic.com/jp/top.html
Number of Employees
Location
- Panasonic Corporation
- 1006, Oaza Kadoma
- Kadoma
- Osaka
- 571-8501
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PCRF.Y | OTCPK (Pink Sheets LLC) | ADR-EACH CNV INTO 1 ORD NPV | US | USD | Jan 1972 | |
| MATA | DB (Deutsche Boerse AG) | ADR-EACH CNV INTO 1 ORD NPV | DE | EUR | Jan 1972 | |
| 6752 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jan 1992 |
| PCRF.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jan 1992 |
| MAT1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| MAT1 | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1992 |
| PANAS N | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1992 |
Biography
Panasonic Corporation, together with its subsidiaries, develops, produces, sells, and services electrical and electronic products under the Panasonic brand name worldwide. It operates through Appliances, Eco Solutions, Connected Solutions, Automotive & Industrial Systems, and Other segments. The Appliances segment offers air conditioners, TVs, refrigerators, washing machines, personal care products, microwave ovens, digital cameras, home audio equipment, video equipment, fixed-phones, vacuum cleaners, rice cookers, show cases, compressors, fuel cells, etc. The Eco Solutions segment provides lighting fixtures, lamps, wiring devices, solar photovoltaic systems, water related products, interior and exterior furnishing materials, ventilation and air conditioning equipment, air purifiers, bicycles, nursing care related products, etc. The Connected Solutions segment offers in-flight entertainment systems and communications services, electronic components mounting machines, welding equipment, PCs and tablets, projectors, broadcast and professional AV systems, surveillance cameras, etc. The Automotive & Industrial Systems segment provides automotive use infotainment systems, electrical components, automotive mirrors, lithium ion and automotive batteries, dry batteries, automation controls, electric motors, electronic components, electronic materials, semiconductors, LCD panels, etc. The Others segment provides detached housing construction, apartment housing rental, and home remodeling services; and sells land, properties, and condominiums. The company offers its products to business and industrial customers, and consumers. Panasonic Corporation has a strategic partnership with Plug and Play, and Welcome Air-Tech Ltd. The company was formerly known as Matsushita Electric Industrial Co., Ltd. and changed its name to Panasonic Corporation in 2008. Panasonic Corporation was founded in 1918 and is headquartered in Kadoma, Japan.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 15:17 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.