Tomoegawa Co., Ltd. manufactures, processes, and sells electronics parts, display parts, fine particles, functional sheets, and specialty paper products primarily in Japan.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥912.00|
|52 Week High||JP¥750.00|
|52 Week Low||JP¥1,014.00|
|1 Month Change||6.42%|
|3 Month Change||13.72%|
|1 Year Change||-2.56%|
|3 Year Change||-34.62%|
|5 Year Change||-9.25%|
|Change since IPO||-68.98%|
Recent News & Updates
|3878||JP Chemicals||JP Market|
Return vs Industry: 3878 underperformed the JP Chemicals industry which returned 26% over the past year.
Return vs Market: 3878 underperformed the JP Market which returned 25.6% over the past year.
Stable Share Price: 3878 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 3878's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of JP stocks.
About the Company
Tomoegawa Co., Ltd. manufactures, processes, and sells electronics parts, display parts, fine particles, functional sheets, and specialty paper products primarily in Japan. It offers heat/electricity/electromagnetic wave control related products, such as high frequency support electromagnetic wave absorption sheets, high insulation/heat conduction/heat resistant adhesive sheets, low-induction/low-dielectric tangent adhesive sheets, adhesive and re-affixable heat conduction sheets, and conductive adhesive sheets, as well as functional sheets for engineering plastic integral molding; and electronics parts, including lead frame fixing tapes, adhesive tapes, and electrostatic chucks, as well as lids for hermetic seal packages. The company also provides display components, such as optical adhesive, light control, and hard coat films.
Is Tomoegawa undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3878 (¥912) is trading below our estimate of fair value (¥3125.57)
Significantly Below Fair Value: 3878 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3878 is unprofitable, so we can't compare its PE Ratio to the JP Chemicals industry average.
PE vs Market: 3878 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 3878's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3878's PB Ratio (0.8x) is in line with the JP Chemicals industry average.
How is Tomoegawa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tomoegawa has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Tomoegawa performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3878 is currently unprofitable.
Growing Profit Margin: 3878 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 3878 is unprofitable, and losses have increased over the past 5 years at a rate of 16.8% per year.
Accelerating Growth: Unable to compare 3878's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 3878 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (31.2%).
Return on Equity
High ROE: 3878 has a negative Return on Equity (1.34%), as it is currently unprofitable.
How is Tomoegawa's financial position?
Financial Position Analysis
Short Term Liabilities: 3878's short term assets (¥18.7B) exceed its short term liabilities (¥16.2B).
Long Term Liabilities: 3878's short term assets (¥18.7B) exceed its long term liabilities (¥8.8B).
Debt to Equity History and Analysis
Debt Level: 3878's debt to equity ratio (82.1%) is considered high.
Reducing Debt: 3878's debt to equity ratio has reduced from 120.6% to 82.1% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 3878 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 3878 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 7.8% per year.
What is Tomoegawa current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 3878's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 3878's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 3878's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 3878's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 3878 is not paying a notable dividend for the JP market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 3878's dividend in 3 years as they are not forecast to pay a notable one for the JP market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yoshio Inoue (57 yo)
Mr. Yoshio Inoue has been the President of Tomoegawa Co., Ltd. (formerly Tomoegawa Paper Co., Ltd.) since June 2002 and serves as its Group Chief Executive Officer. Mr. Inoue served as Chief Operating Offi...
Experienced Management: 3878's management team is considered experienced (3.9 years average tenure).
Experienced Board: 3878's board of directors are considered experienced (5.3 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tomoegawa Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Tomoegawa Co., Ltd.
- Ticker: 3878
- Exchange: TSE
- Founded: 1914
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: JP¥9.226b
- Shares outstanding: 10.12m
- Website: https://www.tomoegawa.co.jp
Number of Employees
- Tomoegawa Co., Ltd.
- Kyobashi Trust Tower
- 7th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/20 08:03|
|End of Day Share Price||2021/09/17 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.