TSE:6728

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Executive Summary

ULVAC, Inc. engages in the development, manufacture, sale, customer support, and import/export of vacuum equipment, peripheral devices, and vacuum components and materials in Japan and internationally. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has ULVAC's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6728 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6728's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-0.3%

6728

6.3%

JP Semiconductor

-0.05%

JP Market


1 Year Return

10.6%

6728

55.6%

JP Semiconductor

7.3%

JP Market

Return vs Industry: 6728 underperformed the JP Semiconductor industry which returned 55.6% over the past year.

Return vs Market: 6728 exceeded the JP Market which returned 7.3% over the past year.


Shareholder returns

6728IndustryMarket
7 Day-0.3%6.3%-0.05%
30 Day7.9%16.3%3.3%
90 Day20.2%47.4%13.8%
1 Year13.4%10.6%58.5%55.6%9.9%7.3%
3 Year-36.6%-41.4%54.4%45.2%6.5%-0.9%
5 Year76.0%59.5%300.9%267.8%53.2%36.0%

Long-Term Price Volatility Vs. Market

How volatile is ULVAC's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

30.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6728 (¥4705) is trading above our estimate of fair value (¥1116.54)

Significantly Below Fair Value: 6728 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6728 is poor value based on its PE Ratio (30.3x) compared to the JP Semiconductor industry average (30x).

PE vs Market: 6728 is poor value based on its PE Ratio (30.3x) compared to the JP market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: 6728 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 6728 is good value based on its PB Ratio (1.5x) compared to the JP Semiconductor industry average (2.3x).


Next Steps

Future Growth

How is ULVAC forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

28.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6728's forecast earnings growth (28.7% per year) is above the savings rate (0%).

Earnings vs Market: 6728's earnings (28.7% per year) are forecast to grow faster than the JP market (17.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6728's revenue (6.5% per year) is forecast to grow faster than the JP market (5.5% per year).

High Growth Revenue: 6728's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6728's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has ULVAC performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6728 has a large one-off gain of ¥3.0B impacting its September 30 2020 financial results.

Growing Profit Margin: 6728's current net profit margins (4.4%) are lower than last year (7.8%).


Past Earnings Growth Analysis

Earnings Trend: 6728's earnings have declined by 0.7% per year over the past 5 years.

Accelerating Growth: 6728's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6728 had negative earnings growth (-52.2%) over the past year, making it difficult to compare to the Semiconductor industry average (8.9%).


Return on Equity

High ROE: 6728's Return on Equity (5.4%) is considered low.


Next Steps

Financial Health

How is ULVAC's financial position?


Financial Position Analysis

Short Term Liabilities: 6728's short term assets (¥184.9B) exceed its short term liabilities (¥70.2B).

Long Term Liabilities: 6728's short term assets (¥184.9B) exceed its long term liabilities (¥50.5B).


Debt to Equity History and Analysis

Debt Level: 6728's debt to equity ratio (32.7%) is considered satisfactory.

Reducing Debt: 6728's debt to equity ratio has reduced from 110.1% to 32.7% over the past 5 years.

Debt Coverage: 6728's debt is well covered by operating cash flow (44.6%).

Interest Coverage: 6728 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6728's dividend (1.49%) is higher than the bottom 25% of dividend payers in the JP market (1.22%).

High Dividend: 6728's dividend (1.49%) is low compared to the top 25% of dividend payers in the JP market (2.97%).


Stability and Growth of Payments

Stable Dividend: 6728's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6728's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.5%), 6728's dividend payments are 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.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Setsuo Iwashita (67 yo)

3.5yrs

Tenure

Mr. Setsuo Iwashita has been Chief Executive Officer and President at ULVAC, Inc. since July 06, 2017. Mr. Iwashita served as the Chief of Corporate Planning Office at ULVAC, Inc since July 2016 and served...


Leadership Team

NamePositionTenureCompensationOwnership
Setsuo Iwashita
President3.5yrsno data0.055%
¥ 127.0m
Masahiko Ishiguro
General Manager of Corporate Sales & Marketing Divisionno datano datano data
Masasuke Matsudai
Senior Managing Director & Director1.33yrsno data0.022%
¥ 51.7m
Mitsuru Motoyoshi
Executive VP & Directorno datano data0.018%
¥ 42.3m
Kazuya Saito
Senior Executive Officerno datano datano data
Choong-Ryul Paik
Senior Managing Director & Director2.33yrsno data0.020%
¥ 47.0m
Shigemitsu Sato
GM of Advanced Manufacturing Division & Senior Executive Officer3.5yrsno datano data
Tomoyasu Kondo
Senior Executive Officerno datano datano data
Tetsuya Shimada
Managing Executive Officerno datano datano data
Sadao Aoki
Senior Executive Officerno datano datano data

3.5yrs

Average Tenure

63yo

Average Age

Experienced Management: 6728's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Setsuo Iwashita
President3.5yrsno data0.055%
¥ 127.0m
Masasuke Matsudai
Senior Managing Director & Director1.33yrsno data0.022%
¥ 51.7m
Mitsuru Motoyoshi
Executive VP & Directorno datano data0.018%
¥ 42.3m
Choong-Ryul Paik
Senior Managing Director & Director2.33yrsno data0.020%
¥ 47.0m
Norio Uchida
Independent External Directorno datano datano data
Kozo Ishida
Independent External Director4.33yrsno datano data
Senshu Asada
External Independent Auditor13.33yrsno datano data
Hiroyuki Nishi
External Independent Director0.33yrno datano data
Akira Mihayashi
Independent External Directorno datano datano data
Makoto Ito
Chairman of Corporate Auditors5.33yrsno datano data
Isao Utsunomiya
External Independent Auditor3.33yrsno datano data
Yoshimi Nakajima
Independent External Director2.33yrsno datano data

3.3yrs

Average Tenure

64yo

Average Age

Experienced Board: 6728's board of directors are considered experienced (3.3 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

ULVAC, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ULVAC, Inc.
  • Ticker: 6728
  • Exchange: TSE
  • Founded: 1929
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: JP¥231.738b
  • Shares outstanding: 49.25m
  • Website: https://www.ulvac.co.jp

Number of Employees


Location

  • ULVAC, Inc.
  • 2500 Hagisono
  • Chigasaki
  • Kanagawa
  • 253-8543
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6728TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYApr 2004

Biography

ULVAC, Inc. engages in the development, manufacture, sale, customer support, and import/export of vacuum equipment, peripheral devices, and vacuum components and materials in Japan and internationally. The...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 08:04
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/06/30


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.