3878

TomoegawaTSE:3878 Stock Report

Market Cap

JP¥9.2b

7D

-0.8%

1Y

-2.6%

Updated

20 Sep, 2021

Data

Company Financials
3878 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

3878 Overview

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

Summary of all time highs, changes and price drops for Tomoegawa
Historical stock prices
Current Share PriceJP¥912.00
52 Week HighJP¥750.00
52 Week LowJP¥1,014.00
Beta0.42
1 Month Change6.42%
3 Month Change13.72%
1 Year Change-2.56%
3 Year Change-34.62%
5 Year Change-9.25%
Change since IPO-68.98%

Recent News & Updates

Shareholder Returns

3878JP ChemicalsJP Market
7D-0.8%1.0%0.4%
1Y-2.6%26.0%25.6%

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.

Price Volatility

Is 3878's price volatile compared to industry and market?
3878 volatility
3878 Beta0.42
Industry Beta0.95
Market Beta1

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

FoundedEmployeesCEOWebsite
19141,345Yoshio Inouehttps://www.tomoegawa.co.jp

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.

Valuation

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

>50%

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.


Future Growth

How is Tomoegawa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.7%

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.


Past Performance

How has Tomoegawa performed over the past 5 years?

-16.8%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Yoshio Inoue (57 yo)

no data

Tenure

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...


Leadership Team

Experienced Management: 3878's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: 3878's board of directors are considered experienced (5.3 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

Tomoegawa Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Tomoegawa Co., Ltd.
  • Kyobashi Trust Tower
  • 7th Floor
  • Tokyo
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 08:03
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.