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6967

Shinko Electric Industries TSE:6967 Stock Report

Last Price

JP¥3.67k

Market Cap

JP¥495.8b

7D

-0.1%

1Y

-10.3%

Updated

26 Jun, 2022

Data

Company Financials +
6967 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends3/6

6967 Stock Overview

Shinko Electric Industries Co., Ltd. manufactures and sells semiconductor packages for semiconductor and electronics manufacturers in Japan.

Shinko Electric Industries Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Shinko Electric Industries
Historical stock prices
Current Share PriceJP¥3,670.00
52 Week HighJP¥5,990.00
52 Week LowJP¥3,210.00
Beta1.28
1 Month Change-21.16%
3 Month Change-35.61%
1 Year Change-10.27%
3 Year Change302.41%
5 Year Change285.91%
Change since IPO331.77%

Recent News & Updates

Shareholder Returns

6967JP SemiconductorJP Market
7D-0.1%0.06%1.9%
1Y-10.3%-9.9%-6.2%

Return vs Industry: 6967 matched the JP Semiconductor industry which returned -9.9% over the past year.

Return vs Market: 6967 underperformed the JP Market which returned -6.2% over the past year.

Price Volatility

Is 6967's price volatile compared to industry and market?
6967 volatility
6967 Average Weekly Movement7.1%
Semiconductor Industry Average Movement6.0%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.5%
10% least volatile stocks in JP Market2.3%

Stable Share Price: 6967 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 6967's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
19465,060Susumu Kurashimahttps://www.shinko.co.jp

Shinko Electric Industries Co., Ltd. manufactures and sells semiconductor packages for semiconductor and electronics manufacturers in Japan. The company offers IC packages, including plastic-BGA substrates, build-up substrates, and lead frames. It also provides molded core embedded package for substitution of package on package and system in package, and small modules; high heat dissipation and high-density flip chip package for automotive infotainment and image processing processors; and module assembly solutions, as well as supports copper pillar, a terminal that connects an interposer with a semiconductor chip by thermal compression flip chip technology.

Shinko Electric Industries Fundamentals Summary

How do Shinko Electric Industries's earnings and revenue compare to its market cap?
6967 fundamental statistics
Market CapJP¥495.78b
Earnings (TTM)JP¥52.63b
Revenue (TTM)JP¥271.95b

9.4x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6967 income statement (TTM)
RevenueJP¥271.95b
Cost of RevenueJP¥185.89b
Gross ProfitJP¥86.06b
Other ExpensesJP¥33.43b
EarningsJP¥52.63b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)389.58
Gross Margin31.64%
Net Profit Margin19.35%
Debt/Equity Ratio14.9%

How did 6967 perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

1%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6967 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6967?

Other financial metrics that can be useful for relative valuation.

6967 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA4.5x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 6967's PE Ratio compare to its peers?

6967 PE Ratio vs Peers
The above table shows the PE ratio for 6967 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.2x

Price-To-Earnings vs Peers: 6967 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (21.2x).


Price to Earnings Ratio vs Industry

How does 6967's PE Ratio compare vs other companies in the Japanese Semiconductor Industry?

Price-To-Earnings vs Industry: 6967 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the JP Semiconductor industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is 6967'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.

6967 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: 6967 is good value based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).


Share Price vs Fair Value

What is the Fair Price of 6967 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6967 (¥3670) is trading below our estimate of fair value (¥19141.68)

Significantly Below Fair Value: 6967 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 6967 is poor value based on its PEG Ratio (1x)


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Future Growth

How is Shinko Electric Industries forecast to perform in the next 1 to 3 years based on estimates from 14 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


9.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6967's forecast earnings growth (9% per year) is above the savings rate (0.02%).

Earnings vs Market: 6967's earnings (9% per year) are forecast to grow faster than the JP market (9% per year).

High Growth Earnings: 6967's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6967's revenue (8.9% per year) is forecast to grow faster than the JP market (4.4% per year).

High Growth Revenue: 6967's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6967's Return on Equity is forecast to be low in 3 years time (19%).


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Past Performance

How has Shinko Electric Industries performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


62.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6967 has high quality earnings.

Growing Profit Margin: 6967's current net profit margins (19.4%) are higher than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: 6967's earnings have grown significantly by 62.3% per year over the past 5 years.

Accelerating Growth: 6967's earnings growth over the past year (192.1%) exceeds its 5-year average (62.3% per year).

Earnings vs Industry: 6967 earnings growth over the past year (192.1%) exceeded the Semiconductor industry 100.7%.


Return on Equity

High ROE: 6967's Return on Equity (26.1%) is considered high.


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Financial Health

How is Shinko Electric Industries'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: 6967's short term assets (¥192.8B) exceed its short term liabilities (¥114.8B).

Long Term Liabilities: 6967's short term assets (¥192.8B) exceed its long term liabilities (¥2.6B).


Debt to Equity History and Analysis

Debt Level: 6967 has more cash than its total debt.

Reducing Debt: 6967's debt to equity ratio has increased from 0.4% to 14.9% over the past 5 years.

Debt Coverage: 6967's debt is well covered by operating cash flow (223.9%).

Interest Coverage: 6967's interest payments on its debt are well covered by EBIT (10199.3x coverage).


Balance Sheet


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Dividend

What is Shinko Electric Industries's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6967's dividend (1.36%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.68%).

High Dividend: 6967's dividend (1.36%) is low compared to the top 25% of dividend payers in the JP market (3.74%).


Stability and Growth of Payments

Stable Dividend: 6967's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6967's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (1.3%), 6967's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.3%), 6967's dividend payments are well covered by cash flows.


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Management

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

2.4yrs

Average management tenure


CEO

Susumu Kurashima

1.42yrs

Tenure

Susumu Kurashima serves as President & Representative Director at Shinko Electric Industries Co., Ltd. since 2021. Susumu Kurashima served as Executive Vice President and Corporate Officer at Shinko Electr...


Leadership Team

Experienced Management: 6967's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: 6967's board of directors are considered experienced (3.4 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

Shinko Electric Industries Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shinko Electric Industries Co., Ltd.
  • Ticker: 6967
  • Exchange: TSE
  • Founded: 1946
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: JP¥495.780b
  • Shares outstanding: 135.09m
  • Website: https://www.shinko.co.jp

Number of Employees


Location

  • Shinko Electric Industries Co., Ltd.
  • 80, Oshimada-machi
  • Nagano
  • Nagano
  • 381-2287
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 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.