Tayca Corporation manufactures and sells various industrial chemical products in Japan.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Tayca's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 4027's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 4027 underperformed the JP Chemicals industry which returned -7.3% over the past year.
Return vs Market: 4027 underperformed the JP Market which returned -8.2% over the past year.
Price Volatility Vs. Market
How volatile is Tayca's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Tayca 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: 4027 (¥1580) is trading below our estimate of fair value (¥2843.72)
Significantly Below Fair Value: 4027 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 4027 is good value based on its PE Ratio (9.5x) compared to the Chemicals industry average (11.9x).
PE vs Market: 4027 is good value based on its PE Ratio (9.5x) compared to the JP market (12.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 4027's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 4027 is overvalued based on its PB Ratio (0.8x) compared to the JP Chemicals industry average (0.7x).
How is Tayca 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 Tayca 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.
- Examine whether Tayca is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Materials industry.
How has Tayca performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4027 has high quality earnings.
Growing Profit Margin: 4027's current net profit margins (8.6%) are higher than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: 4027's earnings have grown by 7.8% per year over the past 5 years.
Accelerating Growth: 4027's earnings growth over the past year (17.1%) exceeds its 5-year average (7.8% per year).
Earnings vs Industry: 4027 earnings growth over the past year (17.1%) exceeded the Chemicals industry -12%.
Return on Equity
High ROE: 4027's Return on Equity (8.2%) is considered low.
How is Tayca's financial position?
Financial Position Analysis
Short Term Liabilities: 4027's short term assets (¥34.3B) exceed its short term liabilities (¥9.7B).
Long Term Liabilities: 4027's short term assets (¥34.3B) exceed its long term liabilities (¥6.8B).
Debt to Equity History and Analysis
Debt Level: 4027's debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: 4027's debt to equity ratio has reduced from 7.5% to 6.3% over the past 5 years.
Debt Coverage: 4027's debt is well covered by operating cash flow (216.5%).
Interest Coverage: 4027 earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: 4027 has a high level of physical assets or inventory.
Debt Coverage by Assets: 4027's debt is covered by short term assets (assets are 11.4x debt).
What is Tayca's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 4027's dividend (2.28%) is higher than the bottom 25% of dividend payers in the JP market (1.66%).
High Dividend: 4027's dividend (2.28%) is low compared to the top 25% of dividend payers in the JP market (3.7%).
Stability and Growth of Payments
Stable Dividend: 4027's dividends per share have been stable in the past 10 years.
Growing Dividend: 4027's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.5%), 4027'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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Masao Nagita (69yo)
Masao Nagita had been the President at Tayca Corporation since June 2014 until 2019 and has been its President Executive Officer since 2019 and served as its Head of Management Section since October 2010 a ...
|President Executive Officer & Representative Director||5.75yrs||no data||0.11% ¥41.1m|
|Senior Managing Executive Officer & Representative Director||8.75yrs||no data||0.039% ¥14.2m|
|Managing Executive Officer & Director||9.42yrs||no data||0.035% ¥12.6m|
|Senior Executive Officer & Director||no data||no data||0.013% ¥4.7m|
|Senior Executive Officer & Director||no data||no data||0.0043% ¥1.6m|
|Outside Director||no data||no data||no data|
|External Director||5.75yrs||no data||no data|
|Outside Director||no data||no data||no data|
|Director||no data||no data||0.017% ¥6.3m|
|External Director||no data||no data||no data|
Experienced Board: 4027's board of directors are considered experienced (7.3 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.
Tayca Corporation's company bio, employee growth, exchange listings and data sources
- Name: Tayca Corporation
- Ticker: 4027
- Exchange: TSE
- Founded: 1919
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: JP¥36.619b
- Shares outstanding: 23.18m
- Website: https://www.tayca.co.jp
Number of Employees
- Tayca Corporation
- 3-6-13 Kitahama
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|4027||TSE (The Tokyo Stock Exchange)||Yes||Common Stock||JP||JPY||Jan 1992|
Tayca Corporation manufactures and sells various industrial chemical products in Japan. It operates through Business Related to Titanium Dioxide, and Other Business. The company offers general purpose products, including titanium dioxide, surfactants, and sulfuric acid; and specialty products, such as micro titanium dioxide, micro zinc oxide, surface treatment products, photocatalytic titanium dioxide, aluminum triphosphate, and titanium dioxide for shielding from infrared rays. It also provides electronic industry materials and other products comprising conductive polymers and related products, and electro-ceramic products, as well as anti-corrosive pigments. The company was formerly known as Teikoku Kako Co., Ltd. and changed its name to Tayca Corporation in August 1989. Tayca Corporation was founded in 1919 and is headquartered in Osaka, Japan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 15:13|
|End of Day Share Price||2020/03/30 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.