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3436

Sumco TSE:3436 Stock Report

Last Price

JP¥1.94k

Market Cap

JP¥681.4b

7D

-0.5%

1Y

-13.2%

Updated

16 Aug, 2022

Data

Company Financials +
3436 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends4/6

3436 Stock Overview

Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry primarily in Japan, the United States, China, Taiwan, Korea, and internationally.

Sumco Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sumco
Historical stock prices
Current Share PriceJP¥1,941.00
52 Week HighJP¥2,676.00
52 Week LowJP¥1,638.00
Beta1.47
1 Month Change10.28%
3 Month Change-1.97%
1 Year Change-13.23%
3 Year Change48.85%
5 Year Change16.02%
Change since IPO-0.46%

Recent News & Updates

Shareholder Returns

3436JP SemiconductorJP Market
7D-0.5%2.1%2.3%
1Y-13.2%6.0%2.5%

Return vs Industry: 3436 underperformed the JP Semiconductor industry which returned 6% over the past year.

Return vs Market: 3436 underperformed the JP Market which returned 2.5% over the past year.

Price Volatility

Is 3436's price volatile compared to industry and market?
3436 volatility
3436 Average Weekly Movement4.2%
Semiconductor Industry Average Movement5.5%
Market Average Movement3.8%
10% most volatile stocks in JP Market7.8%
10% least volatile stocks in JP Market2.0%

Stable Share Price: 3436 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 3436's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19998,469Mayuki Hashimotohttps://www.sumcosi.com

Sumco Corporation, together with its subsidiaries, manufactures and sells silicon wafers for the semiconductor industry primarily in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers. The company was formerly known as Sumitomo Mitsubishi Silicon Corp. and changed its name to Sumco Corporation in August 2005.

Sumco Fundamentals Summary

How do Sumco's earnings and revenue compare to its market cap?
3436 fundamental statistics
Market CapJP¥681.43b
Earnings (TTM)JP¥56.07b
Revenue (TTM)JP¥385.31b

12.1x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3436 income statement (TTM)
RevenueJP¥385.31b
Cost of RevenueJP¥274.71b
Gross ProfitJP¥110.60b
Other ExpensesJP¥54.53b
EarningsJP¥56.07b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)160.13
Gross Margin28.71%
Net Profit Margin14.55%
Debt/Equity Ratio24.9%

How did 3436 perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 3436 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 3436?

Other financial metrics that can be useful for relative valuation.

3436 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/Revenue1.6x
Enterprise Value/EBITDA4.4x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does 3436's PE Ratio compare to its peers?

3436 PE Ratio vs Peers
The above table shows the PE ratio for 3436 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.6x
7735 SCREEN Holdings
8.4x7.0%JP¥467.3b
6728 ULVAC
13.1x13.1%JP¥265.9b
6146 Disco
17.2x4.5%JP¥1.2t
6857 Advantest
15.4x2.8%JP¥1.6t
3436 Sumco
12.1x6.9%JP¥681.4b

Price-To-Earnings vs Peers: 3436 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (13.6x).


Price to Earnings Ratio vs Industry

How does 3436's PE Ratio compare vs other companies in the JP Semiconductor Industry?

Price-To-Earnings vs Industry: 3436 is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the JP Semiconductor industry average (10.4x)


Price to Earnings Ratio vs Fair Ratio

What is 3436'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.

3436 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: 3436 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).


Share Price vs Fair Value

What is the Fair Price of 3436 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3436 (¥1941) is trading below our estimate of fair value (¥3186.81)

Significantly Below Fair Value: 3436 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 more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Sumco forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3436's forecast earnings growth (6.9% per year) is above the savings rate (0.04%).

Earnings vs Market: 3436's earnings (6.9% per year) are forecast to grow slower than the JP market (8.6% per year).

High Growth Earnings: 3436's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3436's revenue (7.7% per year) is forecast to grow faster than the JP market (4.3% per year).

High Growth Revenue: 3436's revenue (7.7% 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 (12.5%).


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Past Performance

How has Sumco performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3436 has high quality earnings.

Growing Profit Margin: 3436's current net profit margins (14.6%) are higher than last year (8.3%).


Past Earnings Growth Analysis

Earnings Trend: 3436's earnings have grown by 2.8% per year over the past 5 years.

Accelerating Growth: 3436's earnings growth over the past year (123.8%) exceeds its 5-year average (2.8% per year).

Earnings vs Industry: 3436 earnings growth over the past year (123.8%) exceeded the Semiconductor industry 65.9%.


Return on Equity

High ROE: 3436's Return on Equity (11.2%) is considered low.


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Financial Health

How is Sumco'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: 3436's short term assets (¥549.7B) exceed its short term liabilities (¥140.6B).

Long Term Liabilities: 3436's short term assets (¥549.7B) exceed its long term liabilities (¥144.3B).


Debt to Equity History and Analysis

Debt Level: 3436 has more cash than its total debt.

Reducing Debt: 3436's debt to equity ratio has reduced from 67.6% to 24.9% over the past 5 years.

Debt Coverage: 3436's debt is well covered by operating cash flow (110.9%).

Interest Coverage: 3436's interest payments on its debt are well covered by EBIT (144.4x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.71%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 3436's dividend (3.71%) is higher than the bottom 25% of dividend payers in the JP market (1.63%).

High Dividend: 3436's dividend (3.71%) is in the top 25% of dividend payers in the JP market (3.61%)


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 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.6%), 3436's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (35.6%), 3436's dividend payments are well covered by cash flows.


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Management

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

1.6yrs

Average management tenure


CEO

Mayuki Hashimoto (71 yo)

no data

Tenure

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 Mits...


Leadership Team

Experienced Management: 3436's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 3436's board of directors are considered experienced (6.4 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 been diluted in the past year, with total shares outstanding growing by 20.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Sumco Corporation
  • Ticker: 3436
  • Exchange: TSE
  • Founded: 1999
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: JP¥681.425b
  • Shares outstanding: 350.17m
  • Website: https://www.sumcosi.com

Number of Employees


Location

  • Sumco Corporation
  • Seavans North
  • 1-2-1, Shibaura
  • Tokyo
  • 105-8634
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.