Newtech Co.,Ltd. provides storage products and solutions. More Details
Good value with adequate balance sheet and pays a dividend.
Share Price & News
How has NewtechLtd's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6734 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 6734's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 6734 underperformed the JP Tech industry which returned 31.8% over the past year.
Return vs Market: 6734 underperformed the JP Market which returned 31.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is NewtechLtd's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHere's Why I Think NewtechLtd (TYO:6734) Is An Interesting Stock
1 month ago | Simply Wall StReturns on Capital Paint A Bright Future For NewtechLtd (TYO:6734)
1 month ago | Simply Wall StNewtech Co.,Ltd.'s (TYO:6734) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
Is NewtechLtd undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6734 (¥1760) is trading below our estimate of fair value (¥4756.07)
Significantly Below Fair Value: 6734 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6734 is good value based on its PE Ratio (11.4x) compared to the JP Tech industry average (19.8x).
PE vs Market: 6734 is good value based on its PE Ratio (11.4x) compared to the JP market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 6734's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 6734 is overvalued based on its PB Ratio (1.8x) compared to the JP Tech industry average (1.3x).
How is NewtechLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NewtechLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has NewtechLtd performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 6734 has high quality earnings.
Growing Profit Margin: 6734's current net profit margins (9.4%) are higher than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 6734's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare 6734's past year earnings growth to its 5-year average.
Earnings vs Industry: 6734 earnings growth over the past year (14.3%) underperformed the Tech industry 14.3%.
Return on Equity
High ROE: 6734's Return on Equity (15.6%) is considered low.
How is NewtechLtd's financial position?
Financial Position Analysis
Short Term Liabilities: 6734's short term assets (¥3.1B) exceed its short term liabilities (¥1.3B).
Long Term Liabilities: 6734's short term assets (¥3.1B) exceed its long term liabilities (¥68.0M).
Debt to Equity History and Analysis
Debt Level: 6734's debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 6734's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6734's debt is well covered by operating cash flow (460.4%).
Interest Coverage: Insufficient data to determine if 6734's interest payments on its debt are well covered by EBIT.
What is NewtechLtd current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6734's dividend (1.42%) is higher than the bottom 25% of dividend payers in the JP market (1.24%).
High Dividend: 6734's dividend (1.42%) is low compared to the top 25% of dividend payers in the JP market (2.83%).
Stability and Growth of Payments
Stable Dividend: 6734's dividends per share have been stable in the past 10 years.
Growing Dividend: 6734's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.2%), 6734'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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Hirofumi Yanase (58 yo)
Hirofumi Yanase serves as President at Newtech Co.,Ltd. and has been its Director since May 2012. Hirofumi Yanase served as Manager of Sales Technology at Newtech Co.,Ltd., since May 2012. Hirofumi Yanase ...
Experienced Board: 6734's board of directors are seasoned and experienced ( 12 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Newtech Co.,Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Newtech Co.,Ltd.
- Ticker: 6734
- Exchange: JASDAQ
- Founded: 1982
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: JP¥3.389b
- Shares outstanding: 1.92m
- Website: https://www.newtech.co.jp
Number of Employees
- Newtech Co.,Ltd.
- KDX Hamamatsucho Building
- 2-7-19 Hamamatsucho
Newtech Co.,Ltd. provides storage products and solutions. It offers servers, desktop and rack mount NAS products, and Mac compatible products. The company also provides GPU, USB/thunderbolt storage product...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/10 08:07|
|End of Day Share Price||2021/05/10 00:00|
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.