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4027

Tayca TSE:4027 Stock Report

Last Price

JP¥1.23k

Market Cap

JP¥28.6b

7D

-2.9%

1Y

-12.2%

Updated

26 Sep, 2022

Data

Company Financials
4027 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends5/6

4027 Stock Overview

Tayca Corporation manufactures and sells various industrial chemical products in Japan.

Tayca Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tayca
Historical stock prices
Current Share PriceJP¥1,233.00
52 Week HighJP¥1,417.00
52 Week LowJP¥1,118.00
Beta0.86
1 Month Change-3.29%
3 Month Change1.32%
1 Year Change-12.24%
3 Year Change-39.17%
5 Year Change-42.65%
Change since IPO18.56%

Recent News & Updates

Shareholder Returns

4027JP ChemicalsJP Market
7D-2.9%-5.5%-4.0%
1Y-12.2%-19.6%-10.9%

Return vs Industry: 4027 exceeded the JP Chemicals industry which returned -17.3% over the past year.

Return vs Market: 4027 underperformed the JP Market which returned -9.1% over the past year.

Price Volatility

Is 4027's price volatile compared to industry and market?
4027 volatility
4027 Average Weekly Movement3.3%
Chemicals Industry Average Movement3.5%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.9%

Stable Share Price: 4027 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 4027's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1919825Hirofumi Yamazakihttps://www.tayca.co.jp

Tayca Corporation manufactures and sells various industrial chemical products in Japan. 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 electroconductive polymers and piezoelectric materials, as well as anti-corrosive pigments.

Tayca Fundamentals Summary

How do Tayca's earnings and revenue compare to its market cap?
4027 fundamental statistics
Market CapJP¥28.57b
Earnings (TTM)JP¥3.19b
Revenue (TTM)JP¥48.85b

8.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4027 income statement (TTM)
RevenueJP¥48.85b
Cost of RevenueJP¥38.77b
Gross ProfitJP¥10.08b
Other ExpensesJP¥6.89b
EarningsJP¥3.19b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 09, 2022

Earnings per share (EPS)137.82
Gross Margin20.64%
Net Profit Margin6.54%
Debt/Equity Ratio9.0%

How did 4027 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

26%

Payout Ratio

Does 4027 pay a reliable dividends?

See 4027 dividend history and benchmarks
When do you need to buy 4027 by to receive an upcoming dividend?
Tayca dividend dates
Ex Dividend DateSep 29 2022
Dividend Pay DateDec 02 2022
Days until Ex dividend2 days
Days until Dividend pay date66 days

Does 4027 pay a reliable dividends?

See 4027 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 4027 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4027?

Other financial metrics that can be useful for relative valuation.

4027 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA3.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 4027's PE Ratio compare to its peers?

4027 PE Ratio vs Peers
The above table shows the PE ratio for 4027 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.5x
2902 Taiyo KagakuLtd
7.5x5.1%JP¥25.9b
4082 Daiichi Kigenso Kagaku Kogyo
12.8x-2.1%JP¥30.7b
4112 Hodogaya Chemical
7.8x13.0%JP¥23.8b
4636 T&K Toka
9.7xn/aJP¥20.7b
4027 Tayca
8.9xn/aJP¥28.6b

Price-To-Earnings vs Peers: 4027 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does 4027's PE Ratio compare vs other companies in the JP Chemicals Industry?

Price-To-Earnings vs Industry: 4027 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the JP Chemicals industry average (9.6x)


Price to Earnings Ratio vs Fair Ratio

What is 4027'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.

4027 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 4027's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 4027 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4027 (¥1233) is trading above our estimate of fair value (¥687.92)

Significantly Below Fair Value: 4027 is trading above our estimate of fair value.


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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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.2%

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.


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Past Performance

How has Tayca performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 4027 has high quality earnings.

Growing Profit Margin: 4027's current net profit margins (6.5%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: 4027's earnings have declined by 11.1% per year over the past 5 years.

Accelerating Growth: 4027's earnings growth over the past year (66.5%) exceeds its 5-year average (-11.1% per year).

Earnings vs Industry: 4027 earnings growth over the past year (66.5%) exceeded the Chemicals industry 18.7%.


Return on Equity

High ROE: 4027's Return on Equity (6.2%) is considered low.


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Financial Health

How is Tayca's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 4027's short term assets (¥41.5B) exceed its short term liabilities (¥12.5B).

Long Term Liabilities: 4027's short term assets (¥41.5B) exceed its long term liabilities (¥5.7B).


Debt to Equity History and Analysis

Debt Level: 4027 has more cash than its total debt.

Reducing Debt: 4027's debt to equity ratio has increased from 3.6% to 9% over the past 5 years.

Debt Coverage: 4027's debt is well covered by operating cash flow (104%).

Interest Coverage: 4027 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Tayca current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.92%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 27 2022Ex Dividend DateSep 29 2022Dividend Pay DateDec 02 202264 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Tayca Dividend Yield vs Market
How does Tayca dividend yield compare to the market?
SegmentDividend Yield
Company (Tayca)2.9%
Market Bottom 25% (JP)1.7%
Market Top 25% (JP)3.7%
Industry Average (Chemicals)3.0%
Analyst forecast in 3 Years (Tayca)n/a

Notable Dividend: 4027's dividend (2.92%) is higher than the bottom 25% of dividend payers in the JP market (1.65%).

High Dividend: 4027's dividend (2.92%) is low compared to the top 25% of dividend payers in the JP market (3.67%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.1%), 4027's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (35.2%), 4027's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

9.8yrs

Average board tenure


CEO

Hirofumi Yamazaki (67 yo)

2.67yrs

Tenure

Mr. Hirofumi Yamazaki serves as President Executive Officer of Tayca Corporation since 2020 and serves as its Director since June 1, 2011. He had been its Managing Director of Tayca Corporation since June...


Board Members

Experienced Board: 4027's board of directors are considered experienced (9.8 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

What is the ownership structure of 4027?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders77,0000.3%
Employee Share Scheme958,0004.1%
Private Companies2,164,0009.3%
Public Companies4,526,00019.5%
Institutions6,762,37229.2%
General Public8,687,71737.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 62.27% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.05%
Samarang Asset Management S.A.
2,559,900¥3.2b0%9.92%
7.7%
Mitsui & Co., Ltd.
1,784,000¥2.2b0%no data
7.03%
Mitsubishi Corporation
1,630,000¥2.0b0%no data
6.34%
Yamada Sangyo Co.,Ltd.
1,470,000¥1.8b0%no data
4.53%
Mizuho Financial Group, Inc., Asset Management Arm
1,049,080¥1.3b-8.04%0.04%
4.35%
Mizuho Bank, Ltd, Retirement Benefit Trust
1,009,000¥1.2b0%0.14%
4.13%
Tayca Corp., ESOP
958,000¥1.2b0%no data
2.99%
Chuo-Nittochi Group Co., Ltd.
694,000¥855.7m0%no data
2.64%
Kansai Paint Co., Ltd.
612,000¥754.6m0%no data
2.16%
Sumitomo Corporation
500,000¥616.5m0%no data
1.91%
The Vanguard Group, Inc.
443,582¥546.9m0%no data
1.61%
Nomura Asset Management Co., Ltd.
373,300¥460.3m-0.37%no data
1.56%
Dimensional Fund Advisors LP
362,296¥446.7m3.79%no data
1.18%
Asset Management One Co., Ltd.
273,800¥337.6m-41.68%no data
0.74%
Daiwa Asset Management Co. Ltd.
172,000¥212.1m0.41%no data
0.74%
Nikko Asset Management Co., Ltd.
170,600¥210.3m-1.22%no data
0.47%
Norges Bank Investment Management
109,092¥134.5m0%no data
0.33%
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.
76,100¥93.8m0.66%no data
0.27%
WisdomTree Asset Management, Inc.
63,100¥77.8m-0.16%no data
0.14%
Charles Schwab Investment Management, Inc.
32,209¥39.7m1.9%no data
0.13%
Masao Nagita
31,000¥38.2m6.9%no data
0.092%
BlackRock, Inc.
21,400¥26.4m-5.31%no data
0.054%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
12,600¥15.5m0%no data
0.052%
Shunji Idei
12,000¥14.8m500%no data
0.047%
Hirofumi Yamazaki
11,000¥13.6m0%no data

Company Information

Tayca Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Tayca Corporation
  • Ticker: 4027
  • Exchange: TSE
  • Founded: 1919
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: JP¥28.575b
  • Shares outstanding: 23.18m
  • Website: https://www.tayca.co.jp

Number of Employees


Location

  • Tayca Corporation
  • Chuo Nichichi Tanimachi Building
  • 8th-12th Floor
  • Osaka
  • 540-0012
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4027TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.