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Market Cap

JP¥124.9b

Last Updated

2021/04/17 08:23 UTC

Data Sources

Company Financials +

Executive Summary

Roland Corporation manufactures, markets, imports, and exports electronic musical instruments, electronic equipment, and software in Japan. More Details


Snowflake Analysis

Adequate balance sheet with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 7944 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: Insufficient data to determine 7944's volatility change over the past year.


Market Performance


7 Day Return

7.9%

7944

0.7%

JP Leisure

0.1%

JP Market


1 Year Return

n/a

7944

50.1%

JP Leisure

37.4%

JP Market

Return vs Industry: Insufficient data to determine how 7944 performed against the JP Leisure industry.

Return vs Market: Insufficient data to determine how 7944 performed against the JP Market.


Shareholder returns

7944IndustryMarket
7 Day7.9%0.7%0.1%
30 Day10.7%1.6%-1.2%
90 Day37.0%3.0%5.7%
1 Yearn/a52.5%50.1%40.3%37.4%
3 Yearn/a53.9%45.7%21.3%12.9%
5 Yearn/a82.6%66.7%57.3%40.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

29.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 7944 (¥4650) is trading above our estimate of fair value (¥2961.7)

Significantly Below Fair Value: 7944 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 7944's PE Ratio (29x) is in line with the JP Leisure industry average.

PE vs Market: 7944 is poor value based on its PE Ratio (29x) compared to the JP market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: 7944 is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: 7944 is overvalued based on its PB Ratio (6.3x) compared to the JP Leisure industry average (1.1x).


Future Growth

How is Roland forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7944's forecast earnings growth (13.6% per year) is above the savings rate (0%).

Earnings vs Market: 7944's earnings (13.6% per year) are forecast to grow slower than the JP market (14.2% per year).

High Growth Earnings: 7944's earnings are forecast to grow, but not significantly.

Revenue vs Market: 7944's revenue (5.1% per year) is forecast to grow slower than the JP market (5.7% per year).

High Growth Revenue: 7944's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 7944's Return on Equity is forecast to be high in 3 years time (24.4%)


Past Performance

How has Roland performed over the past 5 years?

63.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: 7944 has high quality earnings.

Growing Profit Margin: 7944's current net profit margins (6.7%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 7944's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare 7944's past year earnings growth to its 5-year average.

Earnings vs Industry: 7944 earnings growth over the past year (63.3%) exceeded the Leisure industry -26.3%.


Return on Equity

High ROE: 7944's Return on Equity (21.4%) is considered high.


Financial Health

How is Roland's financial position?


Financial Position Analysis

Short Term Liabilities: 7944's short term assets (¥36.1B) exceed its short term liabilities (¥17.0B).

Long Term Liabilities: 7944's short term assets (¥36.1B) exceed its long term liabilities (¥9.0B).


Debt to Equity History and Analysis

Debt Level: 7944's debt to equity ratio (48.8%) is considered high.

Reducing Debt: 7944's debt to equity ratio has increased from 9.9% to 48.8% over the past 5 years.

Debt Coverage: 7944's debt is well covered by operating cash flow (70.2%).

Interest Coverage: 7944's interest payments on its debt are well covered by EBIT (3558x coverage).


Balance Sheet


Dividend

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

2.02%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 17 2021Ex Dividend DateJun 29 2021Dividend Pay DateMar 31 202190 days from Ex DividendBuy in the next 72 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 7944's dividend (2.02%) is higher than the bottom 25% of dividend payers in the JP market (1.21%).

High Dividend: 7944's dividend (2.02%) is low compared to the top 25% of dividend payers in the JP market (2.79%).


Stability and Growth of Payments

Stable Dividend: 7944's dividend payments have been volatile in the past 10 years.

Growing Dividend: 7944's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.5%), 7944'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?

0.5yrs

Average management tenure


CEO

Jun-ichi Miki (65 yo)

7.92yrs

Tenure

Mr. Jun-ichi Miki serves as Chief Executive Officer of Roland Corporation since May 2013 and has been its Representative Director since April 2013. Mr. Miki served serves as President of Roland Corporation...


Leadership Team

Experienced Management: 7944's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


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 been diluted in the past year, with total shares outstanding growing by 19.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Roland Corporation
  • Ticker: 7944
  • Exchange: TSE
  • Founded: 1972
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: JP¥124.913b
  • Shares outstanding: 27.44m
  • Website: https://www.roland.com/jp

Number of Employees


Location

  • Roland Corporation
  • 2036-1 Nakagawa
  • Hosoe-cho
  • Hamamatsu
  • Shizuoka
  • 431-1304
  • Japan

Listings


Biography

Roland Corporation manufactures, markets, imports, and exports electronic musical instruments, electronic equipment, and software in Japan. The company offers digital pianos, organs, synthesizers, keyboard...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 08:23
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
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.