2902 Stock Overview
Taiyo Kagaku Co.,Ltd. manufactures and supplies ingredients for food, beverage, supplement, and cosmetic applications worldwide.
Taiyo KagakuLtd Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥1,526.00|
|52 Week High||JP¥1,820.00|
|52 Week Low||JP¥1,524.00|
|1 Month Change||-2.12%|
|3 Month Change||-4.27%|
|1 Year Change||-15.92%|
|3 Year Change||-10.24%|
|5 Year Change||6.94%|
|Change since IPO||2.42%|
Recent News & Updates
|2902||JP Chemicals||JP Market|
Return vs Industry: 2902 exceeded the JP Chemicals industry which returned -19.6% over the past year.
Return vs Market: 2902 underperformed the JP Market which returned -10.9% over the past year.
|2902 Average Weekly Movement||1.8%|
|Chemicals Industry Average Movement||3.5%|
|Market Average Movement||3.5%|
|10% most volatile stocks in JP Market||7.4%|
|10% least volatile stocks in JP Market||1.9%|
Stable Share Price: 2902 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 2902's weekly volatility (2%) has been stable over the past year.
About the Company
Taiyo Kagaku Co.,Ltd. manufactures and supplies ingredients for food, beverage, supplement, and cosmetic applications worldwide. The company operates through Nutrition, Interface Solution, and Agri Food divisions.
Taiyo KagakuLtd Fundamentals Summary
|2902 fundamental statistics|
Is 2902 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2902 income statement (TTM)|
|Cost of Revenue||JP¥27.68b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||203.08|
|Net Profit Margin||8.75%|
How did 2902 perform over the long term?See historical performance and comparison
3.5%Current Dividend Yield
Does 2902 pay a reliable dividends?See 2902 dividend history and benchmarks
|Taiyo KagakuLtd dividend dates|
|Ex Dividend Date||Sep 29 2022|
|Dividend Pay Date||Dec 07 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||70 days|
Does 2902 pay a reliable dividends?See 2902 dividend history and benchmarks
Is 2902 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2902?
Other financial metrics that can be useful for relative valuation.
|What is 2902's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2902's PE Ratio compare to its peers?
|2902 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
4112 Hodogaya Chemical
4094 Nihon Kagaku Sangyo
4636 T&K Toka
2902 Taiyo KagakuLtd
Price-To-Earnings vs Peers: 2902 is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (8.1x).
Price to Earnings Ratio vs Industry
How does 2902's PE Ratio compare vs other companies in the JP Chemicals Industry?
Price-To-Earnings vs Industry: 2902 is good value based on its Price-To-Earnings Ratio (7.5x) compared to the JP Chemicals industry average (9.3x)
Price to Earnings Ratio vs Fair Ratio
What is 2902'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.
|Current PE Ratio||7.5x|
|Fair PE Ratio||8.1x|
Price-To-Earnings vs Fair Ratio: 2902 is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (8.1x).
Share Price vs Fair Value
What is the Fair Price of 2902 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2902 (¥1526) is trading below our estimate of fair value (¥4665.98)
Significantly Below Fair Value: 2902 is trading below fair value by more than 20%.
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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How is Taiyo KagakuLtd forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2902's forecast earnings growth (5.1% per year) is above the savings rate (0.04%).
Earnings vs Market: 2902's earnings (5.1% per year) are forecast to grow slower than the JP market (8.5% per year).
High Growth Earnings: 2902's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2902's revenue (5.4% per year) is forecast to grow faster than the JP market (4.2% per year).
High Growth Revenue: 2902's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2902's Return on Equity is forecast to be low in 3 years time (7.8%).
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How has Taiyo KagakuLtd performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2902 has high quality earnings.
Growing Profit Margin: 2902's current net profit margins (8.8%) are higher than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: 2902's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: 2902's earnings growth over the past year (10%) exceeds its 5-year average (7.4% per year).
Earnings vs Industry: 2902 earnings growth over the past year (10%) underperformed the Chemicals industry 18.7%.
Return on Equity
High ROE: 2902's Return on Equity (7.7%) is considered low.
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How is Taiyo KagakuLtd's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2902's short term assets (¥25.7B) exceed its short term liabilities (¥9.8B).
Long Term Liabilities: 2902's short term assets (¥25.7B) exceed its long term liabilities (¥1.7B).
Debt to Equity History and Analysis
Debt Level: 2902 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 2902's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2902's debt is well covered by operating cash flow (329%).
Interest Coverage: 2902 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Taiyo KagakuLtd current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
|Taiyo KagakuLtd Dividend Yield vs Market|
|Company (Taiyo KagakuLtd)||3.5%|
|Market Bottom 25% (JP)||1.7%|
|Market Top 25% (JP)||3.7%|
|Industry Average (Chemicals)||3.0%|
|Analyst forecast in 3 Years (Taiyo KagakuLtd)||4.6%|
Notable Dividend: 2902's dividend (3.47%) is higher than the bottom 25% of dividend payers in the JP market (1.68%).
High Dividend: 2902's dividend (3.47%) is low compared to the top 25% of dividend payers in the JP market (3.73%).
Stability and Growth of Payments
Stable Dividend: 2902's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2902's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.9%), 2902's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (194.7%), 2902's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nagahiro Yamazaki (67 yo)
Mr. Nagahiro Yamazaki has been the President of Taiyo Kagaku Co., Ltd., since June 1997. and serves as its Chief Executive Officer. Mr. Yamazaki served as Representative Senior Managing Director of Taiyo K...
Experienced Management: 2902's management team is seasoned and experienced (12.3 years average tenure).
Experienced Board: 2902's board of directors are seasoned and experienced ( 12.3 years average tenure).
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.
|Owner Type||Number of Shares||Ownership Percentage|
|Employee Share Scheme||1,279,000||7.5%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Taiyo Kagaku Co.,Ltd.'s employee growth, exchange listings and data sources
- Name: Taiyo Kagaku Co.,Ltd.
- Ticker: 2902
- Exchange: NSE
- Founded: 1946
- Industry: Specialty Chemicals
- Sector: Materials
- Implied Market Cap: JP¥25.954b
- Shares outstanding: 17.01m
- Website: https://www.taiyokagaku.com
Number of Employees
- Taiyo Kagaku Co.,Ltd.
- 800 Yamadacho
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2902||NSE (Nagoya Stock Exchange)||Yes||Common Stock||JP||JPY||Jan 1992|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/27 00:00|
|End of Day Share Price||2022/09/26 00:00|
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.