TSE:7936

Stock Analysis Report

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Market Cap

JP¥469.8b

Last Updated

2021/06/23 15:52 UTC

Data Sources

Company Financials +

Executive Summary

ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania, Southeast and South Asia, and internationally. More Details


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has ASICS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 7936 is more volatile than 90% of JP stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 7936's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of JP stocks.


Market Performance


7 Day Return

-1.6%

7936

-1.6%

JP Luxury

-0.6%

JP Market


1 Year Return

100.8%

7936

24.0%

JP Luxury

23.0%

JP Market

Return vs Industry: 7936 exceeded the JP Luxury industry which returned 23.9% over the past year.

Return vs Market: 7936 exceeded the JP Market which returned 22.3% over the past year.


Shareholder returns

7936IndustryMarket
7 Day-1.6%-1.6%-0.6%
30 Day4.2%5.6%1.9%
90 Day36.3%7.4%-1.2%
1 Year103.2%100.8%26.4%24.0%25.6%23.0%
3 Year45.4%39.5%-0.04%-5.9%20.9%12.8%
5 Year60.8%49.8%53.8%39.2%73.1%54.4%

Long-Term Price Volatility Vs. Market

How volatile is ASICS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is ASICS undervalued compared to its fair value and its price relative to the market?

3.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 7936 (¥2569) is trading above our estimate of fair value (¥1320.65)

Significantly Below Fair Value: 7936 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 7936 is unprofitable, so we can't compare its PE Ratio to the JP Luxury industry average.

PE vs Market: 7936 is unprofitable, so we can't compare its PE Ratio to the JP market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 7936's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 7936 is overvalued based on its PB Ratio (3.3x) compared to the JP Luxury industry average (0.7x).


Future Growth

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

34.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7936 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0%).

Earnings vs Market: 7936 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 7936's is expected to become profitable in the next 3 years.

Revenue vs Market: 7936's revenue (3.2% per year) is forecast to grow slower than the JP market (5.2% per year).

High Growth Revenue: 7936's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 7936's Return on Equity is forecast to be low in 3 years time (10.4%).


Past Performance

How has ASICS performed over the past 5 years?

-48.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 7936 is currently unprofitable.

Growing Profit Margin: 7936 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 7936 is unprofitable, and losses have increased over the past 5 years at a rate of 48.8% per year.

Accelerating Growth: Unable to compare 7936's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 7936 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-11.3%).


Return on Equity

High ROE: 7936 has a negative Return on Equity (-3.76%), as it is currently unprofitable.


Financial Health

How is ASICS's financial position?


Financial Position Analysis

Short Term Liabilities: 7936's short term assets (¥246.3B) exceed its short term liabilities (¥99.4B).

Long Term Liabilities: 7936's short term assets (¥246.3B) exceed its long term liabilities (¥102.7B).


Debt to Equity History and Analysis

Debt Level: 7936's debt to equity ratio (58.1%) is considered high.

Reducing Debt: 7936's debt to equity ratio has increased from 33.1% to 58.1% over the past 5 years.

Debt Coverage: 7936's debt is well covered by operating cash flow (23.2%).

Interest Coverage: 7936 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Dividend

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

0.93%

Current Dividend Yield


Upcoming Dividend Payment

TodayJun 24 2021Ex Dividend DateJun 29 2021Dividend Pay DateJan 01 197018807 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 7936's dividend (0.93%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.32%).

High Dividend: 7936's dividend (0.93%) is low compared to the top 25% of dividend payers in the JP market (3%).


Stability and Growth of Payments

Stable Dividend: 7936's dividend payments have been volatile in the past 10 years.

Growing Dividend: 7936's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 7936 is paying a dividend but the company is unprofitable.


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?

3.4yrs

Average management tenure


CEO

Motoi Oyama (70 yo)

10.17yrs

Tenure

JP¥165,000,000

Compensation

Mr. Motoi Oyama serves as the President at ASICS Oceania Pty Ltd. Mr. Oyama serves as Chief Executive Officer and President at ASICS America Corporation. Mr. Oyama had been the President of ASICS Corporati...


CEO Compensation Analysis

Compensation vs Market: Motoi's total compensation ($USD1.50M) is about average for companies of similar size in the JP market ($USD1.50M).

Compensation vs Earnings: Motoi's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 7936's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: 7936'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

ASICS Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASICS Corporation
  • Ticker: 7936
  • Exchange: TSE
  • Founded: 1949
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: JP¥469.848b
  • Shares outstanding: 182.82m
  • Website: https://corp.asics.com/jp

Number of Employees


Location

  • ASICS Corporation
  • 1-1, Minatojima-Nakamachi 7-chome
  • Chuo-ku
  • Kobe
  • Hyogo
  • 650-8555
  • Japan

Listings


Biography

ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania, Southeast and South Asia, and internationally. It offers sports shoes, apparel, and equipment. The company sel...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 15:52
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.