8035

Tokyo ElectronTSE:8035 Stock Report

Market Cap

JP¥8.6t

7D

0.1%

1Y

111.1%

Updated

20 Sep, 2021

Data

Company Financials +
8035 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends3/6

8035 Overview

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 8035 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 8035's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.1%

8035

1.2%

JP Semiconductor

0.4%

JP Market


1 Year Return

111.1%

8035

98.4%

JP Semiconductor

25.6%

JP Market

Return vs Industry: 8035 exceeded the JP Semiconductor industry which returned 98.4% over the past year.

Return vs Market: 8035 exceeded the JP Market which returned 25.6% over the past year.


Shareholder returns

8035IndustryMarket
7 Day0.1%1.2%0.4%
30 Day29.1%28.1%11.3%
90 Day14.7%15.5%10.0%
1 Year116.0%111.1%101.4%98.4%28.2%25.6%
3 Year283.6%248.0%184.2%168.1%25.2%16.6%
5 Year623.2%513.7%362.3%323.2%73.8%54.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Tokyo Electron Fundamentals Summary

How do Tokyo Electron's earnings and revenue compare to its market cap?
8035 fundamental statistics
Market CapJP¥8.62t
Earnings (TTM)JP¥286.85b
Revenue (TTM)JP¥1.54t

30.1x

P/E Ratio

5.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8035 income statement (TTM)
RevenueJP¥1.54t
Cost of RevenueJP¥888.95b
Gross ProfitJP¥647.38b
ExpensesJP¥360.53b
EarningsJP¥286.85b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.84k
Gross Margin42.14%
Net Profit Margin18.67%
Debt/Equity Ratio0.0%

How did 8035 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

42%

Payout Ratio

Does 8035 pay a reliable dividends?

See 8035 dividend history and benchmarks
When do you need to buy 8035 by to receive an upcoming dividend?
Tokyo Electron dividend dates
Ex Dividend DateSep 29 2021
Dividend Pay DateNov 27 2021
Days until Ex dividend8 days
Days until Dividend pay date67 days

Does 8035 pay a reliable dividends?

See 8035 dividend history and benchmarks

Valuation

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

30.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8035 (¥55430) is trading above our estimate of fair value (¥52521.6)

Significantly Below Fair Value: 8035 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8035 is poor value based on its PE Ratio (30.1x) compared to the JP Semiconductor industry average (22.3x).

PE vs Market: 8035 is poor value based on its PE Ratio (30.1x) compared to the JP market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: 8035 is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: 8035 is overvalued based on its PB Ratio (8x) compared to the JP Semiconductor industry average (2.1x).


Future Growth

How is Tokyo Electron forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8035's forecast earnings growth (6.9% per year) is above the savings rate (0%).

Earnings vs Market: 8035's earnings (6.9% per year) are forecast to grow slower than the JP market (10.2% per year).

High Growth Earnings: 8035's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8035's revenue (5.4% per year) is forecast to grow faster than the JP market (4.8% per year).

High Growth Revenue: 8035's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 8035's Return on Equity is forecast to be high in 3 years time (27.6%)


Past Performance

How has Tokyo Electron performed over the past 5 years?

16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8035 has high quality earnings.

Growing Profit Margin: 8035's current net profit margins (18.7%) are higher than last year (17.1%).


Past Earnings Growth Analysis

Earnings Trend: 8035's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: 8035's earnings growth over the past year (36.8%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: 8035 earnings growth over the past year (36.8%) underperformed the Semiconductor industry 43.1%.


Return on Equity

High ROE: 8035's Return on Equity (26.8%) is considered high.


Financial Health

How is Tokyo Electron's financial position?


Financial Position Analysis

Short Term Liabilities: 8035's short term assets (¥1,022.7B) exceed its short term liabilities (¥303.1B).

Long Term Liabilities: 8035's short term assets (¥1,022.7B) exceed its long term liabilities (¥75.8B).


Debt to Equity History and Analysis

Debt Level: 8035 is debt free.

Reducing Debt: 8035 has not had any debt for past 5 years.

Debt Coverage: 8035 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 8035 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Tokyo Electron current dividend yield, its reliability and sustainability?

2.26%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 20 2021Ex Dividend DateSep 29 2021Dividend Pay DateNov 27 202159 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 8035's dividend (2.26%) is higher than the bottom 25% of dividend payers in the JP market (1.27%).

High Dividend: 8035's dividend (2.26%) is low compared to the top 25% of dividend payers in the JP market (2.94%).


Stability and Growth of Payments

Stable Dividend: 8035's dividend payments have been volatile in the past 10 years.

Growing Dividend: 8035's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.3%), 8035's dividend payments are well 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?

5.2yrs

Average management tenure


CEO

Toshiki Kawai (58 yo)

5.67yrs

Tenure

JP¥924,000,000

Compensation

Mr. Toshiki Kawai has been the Chief Executive Officer and President at Tokyo Electron Limited since January 1, 2016 and served as its General Manager of Business Division from January 01, 2016 to 2018. Mr...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Toshiki's total compensation is reasonable compared to companies of similar size in the JP market.

Compensation vs Earnings: Toshiki's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 8035's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: 8035's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Tokyo Electron Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tokyo Electron Limited
  • Ticker: 8035
  • Exchange: TSE
  • Founded: 1951
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: JP¥8.623t
  • Shares outstanding: 155.56m
  • Website: https://www.tel.com

Number of Employees


Location

  • Tokyo Electron Limited
  • Akasaka Biz Tower
  • 3-1 Akasaka 5-chome
  • Tokyo
  • 107-6325
  • Japan

Listings


Biography

Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, Sou...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 08:04
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.