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6315

TOWA TSE:6315 Stock Report

Last Price

JP¥1.87k

Market Cap

JP¥46.7b

7D

1.9%

1Y

-4.0%

Updated

20 May, 2022

Data

Company Financials +
6315 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends4/6

6315 Stock Overview

TOWA Corporation designs, develops, manufactures, and sells semiconductor manufacturing equipment and high-precision molds in Japan and internationally.

TOWA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TOWA
Historical stock prices
Current Share PriceJP¥1,867.00
52 Week HighJP¥3,740.00
52 Week LowJP¥1,721.00
Beta2.17
1 Month Change-13.16%
3 Month Change-18.65%
1 Year Change-4.01%
3 Year Change156.10%
5 Year Change15.11%
Change since IPO156.81%

Recent News & Updates

Shareholder Returns

6315JP SemiconductorJP Market
7D1.9%1.8%-0.7%
1Y-4.0%13.6%-4.2%

Return vs Industry: 6315 underperformed the JP Semiconductor industry which returned 13.6% over the past year.

Return vs Market: 6315 matched the JP Market which returned -4.2% over the past year.

Price Volatility

Is 6315's price volatile compared to industry and market?
6315 volatility
6315 Average Weekly Movement7.5%
Semiconductor Industry Average Movement6.7%
Market Average Movement4.6%
10% most volatile stocks in JP Market9.2%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 6315 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 6315's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
19791,633Hirokazu Okadahttps://www.towajapan.co.jp

TOWA Corporation designs, develops, manufactures, and sells semiconductor manufacturing equipment and high-precision molds in Japan and internationally. The company’s products include molding equipment, singulation equipment, ultra-precision molds, THPL-CBN end mills, and TEN-systems. It also sells used equipment.

TOWA Fundamentals Summary

How do TOWA's earnings and revenue compare to its market cap?
6315 fundamental statistics
Market CapJP¥46.69b
Earnings (TTM)JP¥8.13b
Revenue (TTM)JP¥50.67b

5.7x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6315 income statement (TTM)
RevenueJP¥50.67b
Cost of RevenueJP¥32.01b
Gross ProfitJP¥18.65b
Other ExpensesJP¥10.52b
EarningsJP¥8.13b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)325.05
Gross Margin36.82%
Net Profit Margin16.04%
Debt/Equity Ratio24.1%

How did 6315 perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is TOWA undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 6315 (¥1867) is trading below our estimate of fair value (¥6142.05)

Significantly Below Fair Value: 6315 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6315 is good value based on its PE Ratio (5.7x) compared to the JP Semiconductor industry average (11.9x).

PE vs Market: 6315 is good value based on its PE Ratio (5.7x) compared to the JP market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: 6315 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 6315 is good value based on its PB Ratio (1.1x) compared to the JP Semiconductor industry average (1.5x).


Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6315's forecast earnings growth (10.9% per year) is above the savings rate (0.02%).

Earnings vs Market: 6315's earnings (10.9% per year) are forecast to grow faster than the JP market (8.7% per year).

High Growth Earnings: 6315's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6315's revenue (9% per year) is forecast to grow faster than the JP market (4% per year).

High Growth Revenue: 6315's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6315's Return on Equity is forecast to be low in 3 years time (15%).


Past Performance

How has TOWA performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6315 has a high level of non-cash earnings.

Growing Profit Margin: 6315's current net profit margins (16%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: 6315's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: 6315's earnings growth over the past year (205.3%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: 6315 earnings growth over the past year (205.3%) exceeded the Semiconductor industry 100.7%.


Return on Equity

High ROE: 6315's Return on Equity (19.8%) is considered low.


Financial Health

How is TOWA'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: 6315's short term assets (¥44.2B) exceed its short term liabilities (¥25.5B).

Long Term Liabilities: 6315's short term assets (¥44.2B) exceed its long term liabilities (¥4.7B).


Debt to Equity History and Analysis

Debt Level: 6315 has more cash than its total debt.

Reducing Debt: 6315's debt to equity ratio has increased from 15.5% to 24.1% over the past 5 years.

Debt Coverage: 6315's debt is well covered by operating cash flow (64.6%).

Interest Coverage: 6315 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6315's dividend (2.14%) is higher than the bottom 25% of dividend payers in the JP market (1.65%).

High Dividend: 6315's dividend (2.14%) is low compared to the top 25% of dividend payers in the JP market (3.69%).


Stability and Growth of Payments

Stable Dividend: 6315's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6315's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (12.3%), 6315's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (88.4%), 6315's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

4.3yrs

Average management tenure


CEO

Hirokazu Okada

no data

Tenure

Mr. Hirokazu Okada serves as the Chief Executive Officer, President and Executive Director at TOWA Corporation and served as its Chief Operating Officer. Mr. Okada served as Chief Operating Officer of Deve...


Leadership Team

Experienced Management: 6315's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: 6315's board of directors are considered experienced (4.9 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

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


Key Information

  • Name: TOWA Corporation
  • Ticker: 6315
  • Exchange: TSE
  • Founded: 1979
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: JP¥46.691b
  • Shares outstanding: 25.01m
  • Website: https://www.towajapan.co.jp

Number of Employees


Location

  • TOWA Corporation
  • 5 Kamichoshi-cho
  • Kamitoba
  • Kyoto
  • 601-8105
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/20 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
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.