Tokuyama Corporation produces and sells various chemical products in Japan.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥2,070.00|
|52 Week High||JP¥2,006.00|
|52 Week Low||JP¥2,933.00|
|1 Month Change||-8.00%|
|3 Month Change||-6.76%|
|1 Year Change||-20.57%|
|3 Year Change||-22.82%|
|5 Year Change||-13.03%|
|Change since IPO||-19.14%|
Recent News & Updates
|4043||JP Chemicals||JP Market|
Return vs Industry: 4043 underperformed the JP Chemicals industry which returned 16.9% over the past year.
Return vs Market: 4043 underperformed the JP Market which returned 21.6% over the past year.
Stable Share Price: 4043 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 4043's weekly volatility (4%) has been stable over the past year.
About the Company
Tokuyama Corporation produces and sells various chemical products in Japan. The company operates in four segments: Chemicals, Specialty Products, Cement, and Life & Amenity. The Chemicals segment offers caustic soda, soda ash, calcium chloride, sodium silicate, vinyl chloride monomer, polyvinyl chloride resin, propylene oxide, isopropyl alcohol, chlorinated solvents, and hydrogen.
Tokuyama Fundamentals Summary
|4043 fundamental statistics|
Is 4043 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|4043 income statement (TTM)|
|Cost of Revenue||JP¥202.11b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||337.14|
|Net Profit Margin||8.11%|
How did 4043 perform over the long term?See historical performance and comparison
3.4%Current Dividend Yield
Is Tokuyama 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: 4043 (¥2070) is trading below our estimate of fair value (¥2135.82)
Significantly Below Fair Value: 4043 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 4043 is good value based on its PE Ratio (6.1x) compared to the JP Chemicals industry average (12.2x).
PE vs Market: 4043 is good value based on its PE Ratio (6.1x) compared to the JP market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: 4043 is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: 4043's PB Ratio (0.7x) is in line with the JP Chemicals industry average.
How is Tokuyama forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4043's forecast earnings growth (1.9% per year) is above the savings rate (0.02%).
Earnings vs Market: 4043's earnings (1.9% per year) are forecast to grow slower than the JP market (10.3% per year).
High Growth Earnings: 4043's earnings are forecast to grow, but not significantly.
Revenue vs Market: 4043's revenue (1% per year) is forecast to grow slower than the JP market (4.9% per year).
High Growth Revenue: 4043's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4043's Return on Equity is forecast to be low in 3 years time (8.3%).
How has Tokuyama performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4043 has high quality earnings.
Growing Profit Margin: 4043's current net profit margins (8.1%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: 4043 has become profitable over the past 5 years, growing earnings by 24.7% per year.
Accelerating Growth: 4043's earnings growth over the past year (19.7%) is below its 5-year average (24.7% per year).
Earnings vs Industry: 4043 earnings growth over the past year (19.7%) underperformed the Chemicals industry 32.2%.
Return on Equity
High ROE: 4043's Return on Equity (11.9%) is considered low.
How is Tokuyama's financial position?
Financial Position Analysis
Short Term Liabilities: 4043's short term assets (¥201.1B) exceed its short term liabilities (¥95.0B).
Long Term Liabilities: 4043's short term assets (¥201.1B) exceed its long term liabilities (¥89.7B).
Debt to Equity History and Analysis
Debt Level: 4043's debt to equity ratio (43.6%) is considered high.
Reducing Debt: 4043's debt to equity ratio has reduced from 285% to 43.6% over the past 5 years.
Debt Coverage: 4043's debt is well covered by operating cash flow (47.5%).
Interest Coverage: 4043's interest payments on its debt are well covered by EBIT (33.3x coverage).
What is Tokuyama current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 4043's dividend (3.38%) is higher than the bottom 25% of dividend payers in the JP market (1.31%).
High Dividend: 4043's dividend (3.38%) is in the top 25% of dividend payers in the JP market (3.04%)
Stability and Growth of Payments
Stable Dividend: 4043's dividend payments have been volatile in the past 10 years.
Growing Dividend: 4043's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.3%), 4043'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 management tenure
Hiroshi Yokota (60 yo)
Mr. Hiroshi Yokota has been the President and Executive Officer of Tokuyama Corp. since March 2015. Mr. Yokota has experience in sales, personnel and labor issues, and information systems operations. Mr. Y...
Experienced Management: 4043's management team is considered experienced (2.5 years average tenure).
Experienced Board: 4043's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 3.6%.
Tokuyama Corporation's employee growth, exchange listings and data sources
- Name: Tokuyama Corporation
- Ticker: 4043
- Exchange: TSE
- Founded: 1918
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: JP¥150.023b
- Shares outstanding: 71.99m
- Website: https://www.tokuyama.co.jp
Number of Employees
- Tokuyama Corporation
- Front Place Akihabara
- 7-5, Sotokanda 1-chome
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 08:01|
|End of Day Share Price||2021/10/20 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.