6146 Stock Overview
Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||JP¥32,200.00|
|52 Week High||JP¥36,600.00|
|52 Week Low||JP¥28,060.00|
|1 Month Change||-8.26%|
|3 Month Change||-3.45%|
|1 Year Change||-6.26%|
|3 Year Change||80.49%|
|5 Year Change||79.09%|
|Change since IPO||2,741.18%|
Recent News & Updates
|6146||JP Semiconductor||JP Market|
Return vs Industry: 6146 exceeded the JP Semiconductor industry which returned -7.4% over the past year.
Return vs Market: 6146 underperformed the JP Market which returned -3.9% over the past year.
|6146 Average Weekly Movement||5.2%|
|Semiconductor Industry Average Movement||6.0%|
|Market Average Movement||4.2%|
|10% most volatile stocks in JP Market||8.4%|
|10% least volatile stocks in JP Market||2.2%|
Stable Share Price: 6146 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 6146's weekly volatility (5%) has been stable over the past year.
About the Company
Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. The company’s precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws, as well as products for dicing before grinding process and package singulation. It also offers precision processing tools comprising dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment, as well as frames and cassettes, and additives for cutting waters.
Disco Fundamentals Summary
|6146 fundamental statistics|
Is 6146 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6146 income statement (TTM)|
|Cost of Revenue||JP¥99.77b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 21, 2022
|Earnings per share (EPS)||1.83k|
|Net Profit Margin||26.09%|
How did 6146 perform over the long term?See historical performance and comparison
2.5%Current Dividend Yield
Is 6146 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 6146?
Other financial metrics that can be useful for relative valuation.
|What is 6146's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 6146's PE Ratio compare to its peers?
|6146 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
7735 SCREEN Holdings
Price-To-Earnings vs Peers: 6146 is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (29.8x).
Price to Earnings Ratio vs Industry
How does 6146's PE Ratio compare vs other companies in the JP Semiconductor Industry?
Price-To-Earnings vs Industry: 6146 is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the JP Semiconductor industry average (10.8x)
Price to Earnings Ratio vs Fair Ratio
What is 6146'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.
|Current PE Ratio||17.6x|
|Fair PE Ratio||16x|
Price-To-Earnings vs Fair Ratio: 6146 is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (16x).
Share Price vs Fair Value
What is the Fair Price of 6146 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6146 (¥32200) is trading below our estimate of fair value (¥45295.73)
Significantly Below Fair Value: 6146 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 6146 is poor value based on its PEG Ratio (3x)
Discover undervalued companies
How is Disco forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6146's forecast earnings growth (5.9% per year) is above the savings rate (0.04%).
Earnings vs Market: 6146's earnings (5.9% per year) are forecast to grow slower than the JP market (9% per year).
High Growth Earnings: 6146's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6146's revenue (4.6% per year) is forecast to grow faster than the JP market (4.4% per year).
High Growth Revenue: 6146's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6146's Return on Equity is forecast to be high in 3 years time (20.5%)
Discover growth companies
How has Disco performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6146 has high quality earnings.
Growing Profit Margin: 6146's current net profit margins (26.1%) are higher than last year (21.4%).
Past Earnings Growth Analysis
Earnings Trend: 6146's earnings have grown by 12.7% per year over the past 5 years.
Accelerating Growth: 6146's earnings growth over the past year (69.4%) exceeds its 5-year average (12.7% per year).
Earnings vs Industry: 6146 earnings growth over the past year (69.4%) underperformed the Semiconductor industry 98.2%.
Return on Equity
High ROE: 6146's Return on Equity (22.5%) is considered high.
Discover strong past performing companies
How is Disco's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 6146's short term assets (¥244.9B) exceed its short term liabilities (¥109.9B).
Long Term Liabilities: 6146's short term assets (¥244.9B) exceed its long term liabilities (¥879.0M).
Debt to Equity History and Analysis
Debt Level: 6146 is debt free.
Reducing Debt: 6146 has no debt compared to 5 years ago when its debt to equity ratio was 5%.
Debt Coverage: 6146 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 6146 has no debt, therefore coverage of interest payments is not a concern.
Discover healthy companies
What is Disco current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6146's dividend (2.51%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).
High Dividend: 6146's dividend (2.51%) is low compared to the top 25% of dividend payers in the JP market (3.67%).
Stability and Growth of Payments
Stable Dividend: 6146's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6146's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44%), 6146's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (72.9%), 6146's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kazuma Sekiya (55 yo)
Mr. Kazuma Sekiya serves as President Disco Corporation since April 2009 and has been its Chief Executive Officer, Chief Operating Officer, Chief Information Officer and General Manager of Engineering R&D...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Kazuma's total compensation is reasonable compared to companies of similar size in the JP market.
Compensation vs Earnings: Kazuma's compensation has been consistent with company performance over the past year.
Experienced Board: 6146's board of directors are seasoned and experienced ( 10 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.
Disco Corporation's employee growth, exchange listings and data sources
- Name: Disco Corporation
- Ticker: 6146
- Exchange: TSE
- Founded: 1937
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: JP¥1.195t
- Shares outstanding: 36.09m
- Website: https://www.disco.co.jp
Number of Employees
- Disco Corporation
- 13-11 Omori-Kita 2-chome
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/30 00:00|
|End of Day Share Price||2022/06/30 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.