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2178

Tri-Stage TSE:2178 Stock Report

Last Price

JP¥563.00

Market Cap

JP¥14.1b

7D

0%

1Y

45.9%

Updated

15 May, 2022

Data

Company Financials
2178 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

2178 Stock Overview

Tri-Stage Inc. provides direct marketing services for companies in Japan.

Tri-Stage Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Tri-Stage
Historical stock prices
Current Share PriceJP¥563.00
52 Week HighJP¥565.00
52 Week LowJP¥304.00
Beta0.60
1 Month Change0%
3 Month Change52.99%
1 Year Change45.86%
3 Year Change85.20%
5 Year Change-9.92%
Change since IPO125.20%

Recent News & Updates

Shareholder Returns

2178JP MediaJP Market
7D0%-5.5%-2.7%
1Y45.9%-4.6%-2.5%

Return vs Industry: 2178 exceeded the JP Media industry which returned -4.6% over the past year.

Return vs Market: 2178 exceeded the JP Market which returned -2.5% over the past year.

Price Volatility

Is 2178's price volatile compared to industry and market?
2178 volatility
2178 Average Weekly Movement10.1%
Media Industry Average Movement4.9%
Market Average Movement4.5%
10% most volatile stocks in JP Market8.9%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 2178 is more volatile than 90% of JP stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 2178's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
2006333Yasuhisa Kuratahttps://www.tri-stage.jp

Tri-Stage Inc. provides direct marketing services for companies in Japan. The company offers television (TV) programs and commercial slots to companies that conduct direct marketing; and a range of services, including advisory services in areas, such as the creation of TV program, contact center operation, and distribution and payment. Its direct marketing value chain services include product development, business planning, creative planning, media selection, order support, impact analysis, information processing, distribution and payment, and customer management.

Tri-Stage Fundamentals Summary

How do Tri-Stage's earnings and revenue compare to its market cap?
2178 fundamental statistics
Market CapJP¥14.12b
Earnings (TTM)JP¥844.00m
Revenue (TTM)JP¥47.52b

16.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2178 income statement (TTM)
RevenueJP¥47.52b
Cost of RevenueJP¥42.16b
Gross ProfitJP¥5.36b
Other ExpensesJP¥4.51b
EarningsJP¥844.00m

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)33.66
Gross Margin11.27%
Net Profit Margin1.78%
Debt/Equity Ratio41.6%

How did 2178 perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is Tri-Stage undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


16.73x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 2178 (¥563) is trading above our estimate of fair value (¥451.41)

Significantly Below Fair Value: 2178 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2178 is poor value based on its PE Ratio (16.7x) compared to the JP Media industry average (15.5x).

PE vs Market: 2178 is poor value based on its PE Ratio (16.7x) compared to the JP market (12.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2178's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2178 is overvalued based on its PB Ratio (1.9x) compared to the JP Media industry average (1.5x).


Future Growth

How is Tri-Stage 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


5.3%

Forecasted Media 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 Tri-Stage 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 Tri-Stage performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


32.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2178 has a large one-off loss of ¥453.0M impacting its February 28 2022 financial results.

Growing Profit Margin: 2178's current net profit margins (1.8%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: 2178's earnings have grown significantly by 32.5% per year over the past 5 years.

Accelerating Growth: 2178's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2178 had negative earnings growth (-0.5%) over the past year, making it difficult to compare to the Media industry average (48.6%).


Return on Equity

High ROE: 2178's Return on Equity (11.4%) is considered low.


Financial Health

How is Tri-Stage'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: 2178's short term assets (¥14.4B) exceed its short term liabilities (¥7.4B).

Long Term Liabilities: 2178's short term assets (¥14.4B) exceed its long term liabilities (¥501.0M).


Debt to Equity History and Analysis

Debt Level: 2178 has more cash than its total debt.

Reducing Debt: 2178's debt to equity ratio has increased from 23.8% to 41.6% over the past 5 years.

Debt Coverage: 2178's debt is well covered by operating cash flow (41.6%).

Interest Coverage: 2178's interest payments on its debt are well covered by EBIT (103.8x coverage).


Balance Sheet


Dividend

What is Tri-Stage current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.24%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2178's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.61%).

High Dividend: 2178's dividend (1.24%) is low compared to the top 25% of dividend payers in the JP market (3.61%).


Stability and Growth of Payments

Stable Dividend: 2178's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2178's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.8%), 2178's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (14.9%), 2178's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

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

8.0yrs

Average board tenure


CEO

Yasuhisa Kurata

2.33yrs

Tenure

Mr. Yasuhisa Kurata is President at Tri-Stage Inc. since 2020 and also serves as it's Director from May 2019.


Board Members

Experienced Board: 2178's board of directors are considered experienced (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

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


Top Shareholders

Company Information

Tri-Stage Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Tri-Stage Inc.
  • Ticker: 2178
  • Exchange: TSE
  • Founded: 2006
  • Industry: Advertising
  • Sector: Media
  • Implied Market Cap: JP¥14.116b
  • Shares outstanding: 25.07m
  • Website: https://www.tri-stage.jp

Number of Employees


Location

  • Tri-Stage Inc.
  • Shiodome Building
  • 21st Floor
  • Tokyo
  • 105-0022
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Earnings2022/02/28
Annual Earnings2022/02/28


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.