Nihon Kohden
Market Cap
JPÂ¥292.6b
Last Updated
2021/08/03 15:26 UTC
Data Sources
Company Financials +
Executive Summary
Nihon Kohden Corporation engages in the development, production, and sale of medical electronic equipment in Japan, Americas, Europe, rest of Asia, and internationally. More Details
Rewards
PE ratio (16.1x) is below the Medical Equipment industry average (21.2x)
Risk Analysis
No risks detected for 6849 from our risk checks.
Snowflake Analysis
Flawless balance sheet with solid track record.
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Share Price & News
How has Nihon Kohden's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6849 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 6849's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.1%
6849
2.8%
JP Medical Equipment
-0.09%
JP Market
1 Year Return
-10.1%
6849
29.0%
JP Medical Equipment
23.2%
JP Market
Return vs Industry: 6849 underperformed the JP Medical Equipment industry which returned 29% over the past year.
Return vs Market: 6849 underperformed the JP Market which returned 23.2% over the past year.
Shareholder returns
| 6849 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 2.8% | -0.09% |
| 30 Day | 8.1% | 3.8% | -1.1% |
| 90 Day | 4.7% | 12.8% | 1.9% |
| 1 Year | -8.6%-10.1% | 30.1%29.0% | 25.8%23.2% |
| 3 Year | 8.6%4.7% | 71.1%66.4% | 19.5%11.2% |
| 5 Year | 51.2%41.9% | 148.5%136.8% | 64.3%46.1% |
Long-Term Price Volatility Vs. Market
How volatile is Nihon Kohden's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Nihon Kohden undervalued compared to its fair value and its price relative to the market?
16.13x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 6849 (Â¥3455) is trading above our estimate of fair value (Â¥3081.03)
Significantly Below Fair Value: 6849 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6849 is good value based on its PE Ratio (16.1x) compared to the JP Medical Equipment industry average (21.2x).
PE vs Market: 6849's PE Ratio (16.1x) is in line with the JP market.
Price to Earnings Growth Ratio
PEG Ratio: 6849 is poor value based on its PEG Ratio (13.9x)
Price to Book Ratio
PB vs Industry: 6849's PB Ratio (2.1x) is in line with the JP Medical Equipment industry average.
Future Growth
How is Nihon Kohden forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
1.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6849's forecast earnings growth (1.2% per year) is above the savings rate (0%).
Earnings vs Market: 6849's earnings (1.2% per year) are forecast to grow slower than the JP market (11.4% per year).
High Growth Earnings: 6849's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6849's revenue (3% per year) is forecast to grow slower than the JP market (5% per year).
High Growth Revenue: 6849's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6849's Return on Equity is forecast to be low in 3 years time (9.1%).
Past Performance
How has Nihon Kohden performed over the past 5 years?
8.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6849 has high quality earnings.
Growing Profit Margin: 6849's current net profit margins (9.1%) are higher than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: 6849's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: 6849's earnings growth over the past year (85.1%) exceeds its 5-year average (8.1% per year).
Earnings vs Industry: 6849 earnings growth over the past year (85.1%) exceeded the Medical Equipment industry 25.9%.
Return on Equity
High ROE: 6849's Return on Equity (13.1%) is considered low.
Financial Health
How is Nihon Kohden's financial position?
Financial Position Analysis
Short Term Liabilities: 6849's short term assets (Â¥156.1B) exceed its short term liabilities (Â¥50.6B).
Long Term Liabilities: 6849's short term assets (Â¥156.1B) exceed its long term liabilities (Â¥3.4B).
Debt to Equity History and Analysis
Debt Level: 6849's debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 6849's debt to equity ratio has reduced from 1.2% to 0.3% over the past 5 years.
Debt Coverage: 6849's debt is well covered by operating cash flow (3984.3%).
Interest Coverage: 6849 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Nihon Kohden current dividend yield, its reliability and sustainability?
1.07%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 6849's dividend (1.07%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.33%).
High Dividend: 6849's dividend (1.07%) is low compared to the top 25% of dividend payers in the JP market (2.99%).
Stability and Growth of Payments
Stable Dividend: 6849's dividends per share have been stable in the past 10 years.
Growing Dividend: 6849's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.3%), 6849'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?
1.6yrs
Average management tenure
CEO
Hirokazu Ogino (51 yo)
4.17yrs
Tenure
Mr. Hirokazu Ogino has been the President of Nihon Kohden Corporation since June 25, 2015 and has been its Chief Executive Officer since June 28, 2017. Mr. Ogino served as Chief Operating Officer of Nihon ...
Leadership Team
Experienced Management: 6849's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
Experienced Board: 6849's board of directors are considered experienced (5.7 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
Nihon Kohden Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nihon Kohden Corporation
- Ticker: 6849
- Exchange: TSE
- Founded: 1951
- Industry: Health Care Equipment
- Sector: Healthcare
- Market Cap: JPÂ¥292.623b
- Shares outstanding: 84.70m
- Website: https://www.nihonkohden.com
Number of Employees
Location
- Nihon Kohden Corporation
- 1-31-4 Nishiochiai
- Shinjuku-ku
- Tokyo
- 161-8560
- Japan
Listings
Biography
Nihon Kohden Corporation engages in the development, production, and sale of medical electronic equipment in Japan, Americas, Europe, rest of Asia, and internationally. It provides physiological measuring ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/08/03 15:26 |
| End of Day Share Price | 2021/08/03 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.