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3738

T-Gaia TSE:3738 Stock Report

Last Price

JP¥1.67k

Market Cap

JP¥93.1b

7D

1.2%

1Y

-16.7%

Updated

04 Oct, 2022

Data

Company Financials +
3738 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends6/6

3738 Stock Overview

T-Gaia Corporation sells and distributes mobile phones in Japan and Singapore.

T-Gaia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for T-Gaia
Historical stock prices
Current Share PriceJP¥1,669.00
52 Week HighJP¥2,076.00
52 Week LowJP¥1,585.00
Beta0.52
1 Month Change0.72%
3 Month Change2.96%
1 Year Change-16.72%
3 Year Change-23.93%
5 Year Change-22.48%
Change since IPO146.80%

Recent News & Updates

Shareholder Returns

3738JP Specialty RetailJP Market
7D1.2%-4.0%-1.2%
1Y-16.7%-2.9%-5.8%

Return vs Industry: 3738 underperformed the JP Specialty Retail industry which returned -2.9% over the past year.

Return vs Market: 3738 underperformed the JP Market which returned -5.8% over the past year.

Price Volatility

Is 3738's price volatile compared to industry and market?
3738 volatility
3738 Average Weekly Movement1.9%
Specialty Retail Industry Average Movement3.5%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.8%

Stable Share Price: 3738 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 3738's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19925,056Masato Ishidahttps://www.t-gaia.co.jp

T-Gaia Corporation sells and distributes mobile phones in Japan and Singapore. The company operates in three segments: Consumer Mobile Business; Enterprise Solutions Business; and Payment Services Business and Other Business. It engages in the contract mediation for mobile and other telecommunications services; and sale of mobile phone handsets and related products.

T-Gaia Fundamentals Summary

How do T-Gaia's earnings and revenue compare to its market cap?
3738 fundamental statistics
Market CapJP¥93.07b
Earnings (TTM)JP¥9.74b
Revenue (TTM)JP¥473.79b

9.6x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3738 income statement (TTM)
RevenueJP¥473.79b
Cost of RevenueJP¥402.46b
Gross ProfitJP¥71.33b
Other ExpensesJP¥61.59b
EarningsJP¥9.74b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 04, 2022

Earnings per share (EPS)174.71
Gross Margin15.06%
Net Profit Margin2.06%
Debt/Equity Ratio11.8%

How did 3738 perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

43%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 3738 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 3738?

Other financial metrics that can be useful for relative valuation.

3738 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/Revenue0.1x
Enterprise Value/EBITDA4.3x
PEG Ratio6.6x

Price to Earnings Ratio vs Peers

How does 3738's PE Ratio compare to its peers?

3738 PE Ratio vs Peers
The above table shows the PE ratio for 3738 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.4x
2730 EDION
9x-0.9%JP¥122.1b
7419 Nojima
5.1xn/aJP¥133.4b
8173 Joshin Denki
9.2xn/aJP¥50.2b
3048 Bic Camera
26.2x14.7%JP¥213.4b
3738 T-Gaia
9.6x1.5%JP¥93.1b

Price-To-Earnings vs Peers: 3738 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (12.4x).


Price to Earnings Ratio vs Industry

How does 3738's PE Ratio compare vs other companies in the JP Specialty Retail Industry?

Price-To-Earnings vs Industry: 3738 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the JP Specialty Retail industry average (9.9x)


Price to Earnings Ratio vs Fair Ratio

What is 3738'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.

3738 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: 3738 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


Share Price vs Fair Value

What is the Fair Price of 3738 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3738 (¥1669) is trading below our estimate of fair value (¥4183.63)

Significantly Below Fair Value: 3738 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is T-Gaia forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


1.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3738's forecast earnings growth (1.5% per year) is above the savings rate (0.04%).

Earnings vs Market: 3738's earnings (1.5% per year) are forecast to grow slower than the JP market (8.5% per year).

High Growth Earnings: 3738's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3738's revenue (0.08% per year) is forecast to grow slower than the JP market (4.3% per year).

High Growth Revenue: 3738's revenue (0.08% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3738's Return on Equity is forecast to be low in 3 years time (11.5%).


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Past Performance

How has T-Gaia 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


1.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3738 has high quality earnings.

Growing Profit Margin: 3738's current net profit margins (2.1%) are lower than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: 3738's earnings have grown by 1.1% per year over the past 5 years.

Accelerating Growth: 3738's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3738 had negative earnings growth (-24.3%) over the past year, making it difficult to compare to the Specialty Retail industry average (1.4%).


Return on Equity

High ROE: 3738's Return on Equity (13.7%) is considered low.


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Financial Health

How is T-Gaia's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 3738's short term assets (¥182.7B) exceed its short term liabilities (¥150.8B).

Long Term Liabilities: 3738's short term assets (¥182.7B) exceed its long term liabilities (¥7.5B).


Debt to Equity History and Analysis

Debt Level: 3738 has more cash than its total debt.

Reducing Debt: 3738's debt to equity ratio has reduced from 70.6% to 11.8% over the past 5 years.

Debt Coverage: 3738's debt is well covered by operating cash flow (223.6%).

Interest Coverage: 3738's interest payments on its debt are well covered by EBIT (172.2x coverage).


Balance Sheet


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Dividend

What is T-Gaia current dividend yield, its reliability and sustainability?

Dividend Score

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.49%

Current Dividend Yield

Dividend Yield vs Market

T-Gaia Dividend Yield vs Market
How does T-Gaia dividend yield compare to the market?
SegmentDividend Yield
Company (T-Gaia)4.5%
Market Bottom 25% (JP)1.7%
Market Top 25% (JP)3.8%
Industry Average (Specialty Retail)1.6%
Analyst forecast in 3 Years (T-Gaia)4.5%

Notable Dividend: 3738's dividend (4.49%) is higher than the bottom 25% of dividend payers in the JP market (1.68%).

High Dividend: 3738's dividend (4.49%) is in the top 25% of dividend payers in the JP market (3.76%)


Stability and Growth of Payments

Stable Dividend: 3738's dividends per share have been stable in the past 10 years.

Growing Dividend: 3738's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.9%), 3738's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26%), 3738'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?

4.8yrs

Average board tenure


CEO

Masato Ishida (62 yo)

2.33yrs

Tenure

Mr. Masato Ishida has been the President and CEO at T-Gaia Corporation since April 01, 2022. He had been an Chief Strategy Officer of T-Gaia Corporation since June 2020 until 2022 and has been its Director...


Board Members

Experienced Board: 3738's board of directors are considered experienced (4.8 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 3738?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders27,4800.05%
Employee Share Scheme949,9001.7%
Institutions4,698,3328.4%
General Public11,898,52221.3%
Public Companies38,190,90068.5%

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


Top Shareholders

Top 25 shareholders own 78.28% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
41.86%
Sumitomo Corporation
23,345,400¥39.0b0%no data
26.62%
Hikari Tsushin, Inc.
14,845,500¥24.8b3%no data
1.7%
T-Gaia Corporation, ESOP
949,900¥1.6b0%no data
1.24%
The Vanguard Group, Inc.
688,897¥1.1b3.11%no data
1.14%
Nomura Asset Management Co., Ltd.
636,300¥1.1b-0.34%no data
0.92%
Sumitomo Mitsui Financial Group Inc., Asset Management Arm
512,100¥854.7m0%0.02%
0.79%
FMR LLC
437,776¥730.6m-0.02%no data
0.57%
Dimensional Fund Advisors LP
320,403¥534.8m0.11%no data
0.56%
BlackRock, Inc.
313,370¥523.0m1.89%no data
0.51%
Daiwa Asset Management Co. Ltd.
283,100¥472.5m0.11%no data
0.5%
Nikko Asset Management Co., Ltd.
280,400¥468.0m-1.13%no data
0.36%
Norges Bank Investment Management
201,470¥336.3m0%no data
0.24%
Charles Schwab Investment Management, Inc.
133,724¥223.2m2.34%no data
0.24%
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.
132,500¥221.1m0.15%no data
0.19%
Legato Capital Management, LLC
108,600¥181.3m40.67%0.3%
0.16%
WisdomTree Asset Management, Inc.
90,700¥151.4m0.55%0.01%
0.14%
Okasan Asset Management Co., Ltd.
76,000¥126.8m0%0.08%
0.11%
Grantham Mayo Van Otterloo & Co. LLC
60,838¥101.5m0%no data
0.086%
Asset Management One Co., Ltd.
47,800¥79.8m3.69%no data
0.086%
SEI Investments Company
47,677¥79.6m0%no data
0.071%
Acadian Asset Management LLC
39,550¥66.0m0%no data
0.059%
AXA Investment Managers S.A.
33,000¥55.1m0%no data
0.048%
Amundi Asset Management
26,949¥45.0m0%no data
0.037%
KLP Kapitalforvaltning AS
20,700¥34.5m-14.11%no data
0.037%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
20,600¥34.4m0%no data

Company Information

T-Gaia Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: T-Gaia Corporation
  • Ticker: 3738
  • Exchange: TSE
  • Founded: 1992
  • Industry: Computer and Electronics Retail
  • Sector: Retail
  • Implied Market Cap: JP¥93.072b
  • Shares outstanding: 55.77m
  • Website: https://www.t-gaia.co.jp

Number of Employees


Location

  • T-Gaia Corporation
  • Ebisu Neonato
  • 14-18th Floors
  • Tokyo
  • 150-8575
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3738TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYApr 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 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.