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6844

Shindengen Electric ManufacturingLtd TSE:6844 Stock Report

Last Price

JP¥3.14k

Market Cap

JP¥31.1b

7D

10.0%

1Y

-11.3%

Updated

17 May, 2022

Data

Company Financials +
6844 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends3/6

6844 Stock Overview

Shindengen Electric Manufacturing Co., Ltd.

Shindengen Electric ManufacturingLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shindengen Electric ManufacturingLtd
Historical stock prices
Current Share PriceJP¥3,135.00
52 Week HighJP¥5,270.00
52 Week LowJP¥2,615.00
Beta1.53
1 Month Change8.70%
3 Month Change2.79%
1 Year Change-11.32%
3 Year Change-13.28%
5 Year Change-42.16%
Change since IPO-56.34%

Recent News & Updates

Shareholder Returns

6844JP SemiconductorJP Market
7D10.0%4.5%-0.02%
1Y-11.3%13.7%-3.6%

Return vs Industry: 6844 underperformed the JP Semiconductor industry which returned 13.7% over the past year.

Return vs Market: 6844 underperformed the JP Market which returned -3.6% over the past year.

Price Volatility

Is 6844's price volatile compared to industry and market?
6844 volatility
6844 Average Weekly Movement6.0%
Semiconductor Industry Average Movement6.8%
Market Average Movement4.6%
10% most volatile stocks in JP Market9.1%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 6844 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6844's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19495,101Yoshinori Suzukihttps://www.shindengen.co.jp

Shindengen Electric Manufacturing Co., Ltd. manufactures and sells semiconductors, electric equipment, and power supply products in Japan, Indonesia, Vietnam, other Asian countries, and internationally. It operates in three segments: Device Business, Car Electronics Business, and Energy System Energy Business. The Device Business segment produces bridge diodes, high-speed rectifier diodes, thyristors, SIDACs, power MOSFETs, power ICs, power modules, and other for use in four-wheel vehicles, factories, air conditioners, lighting, etc. The Car Electronics Business segment offers motorcycle products, four-wheel vehicle products, and general purpose inverters for motorcycles, four-wheel vehicles, and generators.

Shindengen Electric ManufacturingLtd Fundamentals Summary

How do Shindengen Electric ManufacturingLtd's earnings and revenue compare to its market cap?
6844 fundamental statistics
Market CapJP¥31.13b
Earnings (TTM)JP¥5.90b
Revenue (TTM)JP¥92.17b

5.5x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6844 income statement (TTM)
RevenueJP¥92.17b
Cost of RevenueJP¥73.53b
Gross ProfitJP¥18.64b
Other ExpensesJP¥12.74b
EarningsJP¥5.90b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)572.62
Gross Margin20.22%
Net Profit Margin6.40%
Debt/Equity Ratio67.6%

How did 6844 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is Shindengen Electric ManufacturingLtd undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


5.47x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 6844 (¥3135) is trading above our estimate of fair value (¥1575.71)

Significantly Below Fair Value: 6844 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6844 is good value based on its PE Ratio (5.5x) compared to the JP Semiconductor industry average (11.8x).

PE vs Market: 6844 is good value based on its PE Ratio (5.5x) compared to the JP market (12.1x).


Price to Earnings Growth Ratio

PEG Ratio: 6844's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 6844 is good value based on its PB Ratio (0.6x) compared to the JP Semiconductor industry average (1.5x).


Future Growth

How is Shindengen Electric ManufacturingLtd forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • 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: 6844's earnings are forecast to decline over the next 3 years (-6.9% per year).

Earnings vs Market: 6844's earnings are forecast to decline over the next 3 years (-6.9% per year).

High Growth Earnings: 6844's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 6844's revenue (4.6% per year) is forecast to grow faster than the JP market (4.1% per year).

High Growth Revenue: 6844'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: Insufficient data to determine if 6844's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Shindengen Electric ManufacturingLtd performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-36.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6844 has high quality earnings.

Growing Profit Margin: 6844 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 6844's earnings have declined by 36.5% per year over the past 5 years.

Accelerating Growth: 6844 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 6844 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (100.7%).


Return on Equity

High ROE: 6844's Return on Equity (10.3%) is considered low.


Financial Health

How is Shindengen Electric ManufacturingLtd'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: 6844's short term assets (¥82.0B) exceed its short term liabilities (¥29.8B).

Long Term Liabilities: 6844's short term assets (¥82.0B) exceed its long term liabilities (¥48.0B).


Debt to Equity History and Analysis

Debt Level: 6844's net debt to equity ratio (15.8%) is considered satisfactory.

Reducing Debt: 6844's debt to equity ratio has increased from 57.7% to 67.6% over the past 5 years.

Debt Coverage: 6844's debt is well covered by operating cash flow (21.4%).

Interest Coverage: 6844 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Shindengen Electric ManufacturingLtd 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


3.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6844's dividend (3.19%) is higher than the bottom 25% of dividend payers in the JP market (1.62%).

High Dividend: 6844's dividend (3.19%) is low compared to the top 25% of dividend payers in the JP market (3.65%).


Stability and Growth of Payments

Stable Dividend: 6844's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6844's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.9%), 6844's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 6844 is paying a dividend but the company has no free cash flows.


Next Steps

Management

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

7.9yrs

Average board tenure


CEO

Yoshinori Suzuki (64 yo)

6.08yrs

Tenure

Mr. Yoshinori Suzuki has been the President of Shindengen Electric Manufacturing Co. Ltd., since April 1, 2016 and served as its Senior Executive Officer since June 2014 until April 1, 2016. Mr. Suzuki ser...


Board Members

Experienced Board: 6844's board of directors are considered experienced (7.9 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

Shindengen Electric Manufacturing Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shindengen Electric Manufacturing Co.,Ltd.
  • Ticker: 6844
  • Exchange: TSE
  • Founded: 1949
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: JP¥31.127b
  • Shares outstanding: 10.31m
  • Website: https://www.shindengen.co.jp

Number of Employees


Location

  • Shindengen Electric Manufacturing Co.,Ltd.
  • New-Ohtemachi Building
  • 2-1, Ohtemachi 2-chome
  • Tokyo
  • 100-0004
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 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.