company background image
6855

Japan Electronic Materials TSE:6855 Stock Report

Last Price

JP¥1.78k

Market Cap

JP¥23.1b

7D

-0.7%

1Y

-14.3%

Updated

24 May, 2022

Data

Company Financials +
6855 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

6855 Stock Overview

Japan Electronic Materials Corporation engages in the manufacture and sale of probe cards and electron tube parts in Japan and internationally.

Japan Electronic Materials Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Japan Electronic Materials
Historical stock prices
Current Share PriceJP¥1,776.00
52 Week HighJP¥3,175.00
52 Week LowJP¥1,608.00
Beta1.3
1 Month Change-10.03%
3 Month Change-7.02%
1 Year Change-14.29%
3 Year Change242.20%
5 Year Change155.54%
Change since IPO75.15%

Recent News & Updates

Shareholder Returns

6855JP SemiconductorJP Market
7D-0.7%2.0%1.5%
1Y-14.3%13.7%-2.7%

Return vs Industry: 6855 underperformed the JP Semiconductor industry which returned 13.7% over the past year.

Return vs Market: 6855 underperformed the JP Market which returned -2.7% over the past year.

Price Volatility

Is 6855's price volatile compared to industry and market?
6855 volatility
6855 Average Weekly Movement6.3%
Semiconductor Industry Average Movement6.3%
Market Average Movement4.5%
10% most volatile stocks in JP Market8.9%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 6855 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6855's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1960984Kazumasa Ohkubohttps://www.jem-net.co.jp

Japan Electronic Materials Corporation engages in the manufacture and sale of probe cards and electron tube parts in Japan and internationally. The company offers cantilever type and advanced probe cards; and heaters and cathodes for receiving tubes and CRTs, filaments for fluorescent character display tubes, and directly heated cathodes, as well as measuring instruments. It also provides a range of products for displays, which include color TV displays, such as high-definition TV displays; computer displays; measurement displays; and radar displays.

Japan Electronic Materials Fundamentals Summary

How do Japan Electronic Materials's earnings and revenue compare to its market cap?
6855 fundamental statistics
Market CapJP¥23.08b
Earnings (TTM)JP¥3.80b
Revenue (TTM)JP¥23.60b

5.9x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6855 income statement (TTM)
RevenueJP¥23.60b
Cost of RevenueJP¥14.63b
Gross ProfitJP¥8.97b
Other ExpensesJP¥5.17b
EarningsJP¥3.80b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)302.01
Gross Margin38.02%
Net Profit Margin16.11%
Debt/Equity Ratio24.2%

How did 6855 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

13%

Payout Ratio

Valuation

Is Japan Electronic Materials undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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: 6855 (¥1776) is trading below our estimate of fair value (¥4671.76)

Significantly Below Fair Value: 6855 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6855 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the JP Semiconductor industry average (11.8x).

PE vs Market: 6855 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the JP market (12.4x).


Price to Earnings Growth Ratio

PEG Ratio: 6855 is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: 6855 is good value based on its Price-To-Book Ratio (1x) compared to the JP Semiconductor industry average (1.5x).


Future Growth

How is Japan Electronic Materials 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


2.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6855's forecast earnings growth (2.6% per year) is above the savings rate (0.02%).

Earnings vs Market: 6855's earnings (2.6% per year) are forecast to grow slower than the JP market (8.8% per year).

High Growth Earnings: 6855's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6855's revenue (3.9% per year) is forecast to grow slower than the JP market (4.1% per year).

High Growth Revenue: 6855's revenue (3.9% 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 6855's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Japan Electronic Materials 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


51.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6855 has high quality earnings.

Growing Profit Margin: 6855's current net profit margins (16.1%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: 6855's earnings have grown significantly by 51% per year over the past 5 years.

Accelerating Growth: 6855's earnings growth over the past year (86.6%) exceeds its 5-year average (51% per year).

Earnings vs Industry: 6855 earnings growth over the past year (86.6%) underperformed the Semiconductor industry 100.7%.


Return on Equity

High ROE: 6855's Return on Equity (17.4%) is considered low.


Financial Health

How is Japan Electronic Materials'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: 6855's short term assets (¥25.5B) exceed its short term liabilities (¥7.4B).

Long Term Liabilities: 6855's short term assets (¥25.5B) exceed its long term liabilities (¥3.8B).


Debt to Equity History and Analysis

Debt Level: 6855 has more cash than its total debt.

Reducing Debt: 6855's debt to equity ratio has reduced from 25.7% to 24.2% over the past 5 years.

Debt Coverage: 6855's debt is well covered by operating cash flow (91.1%).

Interest Coverage: 6855's interest payments on its debt are well covered by EBIT (247.7x coverage).


Balance Sheet


Dividend

What is Japan Electronic Materials's 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


2.25%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6855's dividend (2.25%) is higher than the bottom 25% of dividend payers in the JP market (1.64%).

High Dividend: 6855's dividend (2.25%) is low compared to the top 25% of dividend payers in the JP market (3.68%).


Stability and Growth of Payments

Stable Dividend: 6855's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6855's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (12.9%), 6855's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (13%), 6855's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

8.1yrs

Average management tenure


CEO

Kazumasa Ohkubo (66 yo)

4.92yrs

Tenure

Mr. Kazumasa Ohkubo has been President of Jem America Co., Ltd. since April 2010. He is the President of Japan Electronic Materials Corporation since June 2017 and has been its Sales Manager since June 201...


Leadership Team

Experienced Management: 6855's management team is seasoned and experienced (8.1 years average tenure).


Board Members

Experienced Board: 6855's board of directors are considered experienced (6.9 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 been diluted in the past year, with total shares outstanding growing by 4.4%.


Top Shareholders

Company Information

Japan Electronic Materials Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Japan Electronic Materials Corporation
  • Ticker: 6855
  • Exchange: TSE
  • Founded: 1960
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: JP¥23.076b
  • Shares outstanding: 12.59m
  • Website: https://www.jem-net.co.jp

Number of Employees


Location

  • Japan Electronic Materials Corporation
  • 2-5-13 Nishinagasu-cho
  • Amagasaki
  • Hyogo
  • 660-0805
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 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.