Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry primarily in Japan, North America, Asia, and Europe. More Details
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Sumco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3436 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 3436's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 3436 underperformed the JP Semiconductor industry which returned 77.1% over the past year.
Return vs Market: 3436 exceeded the JP Market which returned 22.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Sumco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Sumco 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: 3436 (¥2673) is trading below our estimate of fair value (¥4284.16)
Significantly Below Fair Value: 3436 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3436 is poor value based on its PE Ratio (31.9x) compared to the JP Semiconductor industry average (26x).
PE vs Market: 3436 is poor value based on its PE Ratio (31.9x) compared to the JP market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: 3436 is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 3436 is overvalued based on its PB Ratio (2.4x) compared to the JP Semiconductor industry average (2x).
How is Sumco forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3436's forecast earnings growth (25.5% per year) is above the savings rate (0%).
Earnings vs Market: 3436's earnings (25.5% per year) are forecast to grow faster than the JP market (12.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 3436's revenue (9.4% per year) is forecast to grow faster than the JP market (5.2% per year).
High Growth Revenue: 3436's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3436's Return on Equity is forecast to be low in 3 years time (16.1%).
How has Sumco performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3436 has high quality earnings.
Growing Profit Margin: 3436's current net profit margins (8.3%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: 3436's earnings have grown by 16.5% per year over the past 5 years.
Accelerating Growth: 3436's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3436 had negative earnings growth (-14.3%) over the past year, making it difficult to compare to the Semiconductor industry average (44.4%).
Return on Equity
High ROE: 3436's Return on Equity (7.5%) is considered low.
How is Sumco's financial position?
Financial Position Analysis
Short Term Liabilities: 3436's short term assets (¥337.8B) exceed its short term liabilities (¥112.3B).
Long Term Liabilities: 3436's short term assets (¥337.8B) exceed its long term liabilities (¥125.5B).
Debt to Equity History and Analysis
Debt Level: 3436's debt to equity ratio (40.5%) is considered high.
Reducing Debt: 3436's debt to equity ratio has reduced from 72.9% to 40.5% over the past 5 years.
Debt Coverage: 3436's debt is well covered by operating cash flow (57.1%).
Interest Coverage: 3436's interest payments on its debt are well covered by EBIT (50.1x coverage).
What is Sumco current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 3436's dividend (0.94%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.32%).
High Dividend: 3436's dividend (0.94%) is low compared to the top 25% of dividend payers in the JP market (3%).
Stability and Growth of Payments
Stable Dividend: 3436 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3436's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.2%), 3436'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
Mayuki Hashimoto (70 yo)
Mr. Mayuki Hashimoto serves as Chief Executive Officer at Sumco Corporation. Mr. Hashimoto served as the President of Sumco Corporation since April 2012. He served as Managing Director and Director of Mit...
Experienced Management: 3436's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: 3436's board of directors are considered experienced (5.3 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.
Sumco Corporation's company bio, employee growth, exchange listings and data sources
- Name: Sumco Corporation
- Ticker: 3436
- Exchange: TSE
- Founded: 1999
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: JP¥775.638b
- Shares outstanding: 290.18m
- Website: https://www.sumcosi.com
Number of Employees
- Sumco Corporation
- Seavans North
- 1-2-1, Shibaura
Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry primarily in Japan, North America, Asia, and Europe. It provides monocrystalline ingo...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/23 17:29|
|End of Day Share Price||2021/06/23 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.