JASDAQ:6834

Stock Analysis Report

Executive Summary

SEIKOH GIKEN Co., Ltd. designs, manufactures, and sells optical components in Japan and internationally.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has SEIKOH GIKEN's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6834's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.2%

6834

-3.3%

JP Electronic

-4.6%

JP Market


1 Year Return

-31.8%

6834

-10.7%

JP Electronic

-15.7%

JP Market

Return vs Industry: 6834 underperformed the JP Electronic industry which returned -10.7% over the past year.

Return vs Market: 6834 underperformed the JP Market which returned -15.7% over the past year.


Shareholder returns

6834IndustryMarket
7 Day-8.2%-3.3%-4.6%
30 Day-20.1%-9.5%-11.2%
90 Day-45.8%-22.0%-21.0%
1 Year-30.4%-31.8%-9.2%-10.7%-13.5%-15.7%
3 Year37.4%30.9%16.5%11.1%-2.3%-9.2%
5 Year75.4%63.0%17.5%8.0%-1.1%-11.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SEIKOH GIKEN undervalued compared to its fair value and its price relative to the market?

34.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6834 (¥1837) is trading below our estimate of fair value (¥2789.57)

Significantly Below Fair Value: 6834 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6834 is poor value based on its PE Ratio (13.8x) compared to the Electronic industry average (12.4x).

PE vs Market: 6834 is poor value based on its PE Ratio (13.8x) compared to the JP market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: 6834 is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: 6834 is overvalued based on its PB Ratio (0.7x) compared to the JP Electronic industry average (0.7x).


Next Steps

Future Growth

How is SEIKOH GIKEN forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6834's forecast earnings growth (11.6% per year) is above the savings rate (-0.09%).

Earnings vs Market: 6834's earnings (11.6% per year) are forecast to grow faster than the JP market (9.1% per year).

High Growth Earnings: 6834's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6834's revenue (6.7% per year) is forecast to grow faster than the JP market (3.3% per year).

High Growth Revenue: 6834's revenue (6.7% 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 6834's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has SEIKOH GIKEN performed over the past 5 years?

26.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6834 has high quality earnings.

Growing Profit Margin: 6834's current net profit margins (7.9%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: 6834's earnings have grown significantly by 26.4% per year over the past 5 years.

Accelerating Growth: 6834's earnings growth over the past year (15.3%) is below its 5-year average (26.4% per year).

Earnings vs Industry: 6834 earnings growth over the past year (15.3%) exceeded the Electronic industry -10.9%.


Return on Equity

High ROE: 6834's Return on Equity (5.3%) is considered low.


Next Steps

Financial Health

How is SEIKOH GIKEN's financial position?


Financial Position Analysis

Short Term Liabilities: 6834's short term assets (¥16.7B) exceed its short term liabilities (¥2.8B).

Long Term Liabilities: 6834's short term assets (¥16.7B) exceed its long term liabilities (¥1.2B).


Debt to Equity History and Analysis

Debt Level: 6834 is debt free.

Reducing Debt: 6834 has not had any debt for past 5 years.

Debt Coverage: 6834 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6834 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 6834 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 6834's debt is covered by short term assets.


Next Steps

Dividend

What is SEIKOH GIKEN's current dividend yield, its reliability and sustainability?

2.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6834's dividend (2.18%) is higher than the bottom 25% of dividend payers in the JP market (1.73%).

High Dividend: 6834's dividend (2.18%) is low compared to the top 25% of dividend payers in the JP market (4%).


Stability and Growth of Payments

Stable Dividend: 6834's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6834's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.6%), 6834'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?

6.4yrs

Average management tenure


CEO

Masatoshi Ueno (71yo)

18.83s

Tenure

Mr. Masatoshi Ueno has been the President of Seikoh Giken Co., Ltd. since June 2001. Mr. Ueno served as its General Manager of China Business Promotion at SEIKOH GIKEN Co., Ltd. since April 2012. He served ...


Leadership Team

NamePositionTenureCompensationOwnership
Masatoshi Ueno
President and Representative Director18.83yrsno data9.58% ¥1.6b
Tamotsu Kimura
Senior Managing Director and Director34.92yrsno data6.52% ¥1.1b
Guan Lai
MD, Division Manager & Director6.83yrsno data0.44% ¥73.5m
Jun Ueno
Chief of Corporate Planning Office and Director4.83yrsno data3.74% ¥624.4m

6.4yrs

Average Tenure

Experienced Management: 6834's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Masatoshi Ueno
President and Representative Director18.83yrsno data9.58% ¥1.6b
Tamotsu Kimura
Senior Managing Director and Director34.92yrsno data6.52% ¥1.1b
Guan Lai
MD, Division Manager & Director6.83yrsno data0.44% ¥73.5m
Jun Ueno
Chief of Corporate Planning Office and Director4.83yrsno data3.74% ¥624.4m
Katsuhiko Okubo
External Director13.83yrsno data0.022% ¥3.7m
Toru Miyoshi
External Director3.83yrsno data0.052% ¥8.6m
Toshio Aiba
External Director3.83yrsno data0.10% ¥17.1m
Yasuhiko Mori
Director3.83yrsno data0.023% ¥3.9m
Toyohiko Yatagai
Director1.25yrsno datano data

4.8yrs

Average Tenure

70.5yo

Average Age

Experienced Board: 6834's board of directors are considered experienced (4.8 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

SEIKOH GIKEN Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SEIKOH GIKEN Co., Ltd.
  • Ticker: 6834
  • Exchange: JASDAQ
  • Founded: 1972
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥16.709b
  • Shares outstanding: 9.10m
  • Website: https://www.seikoh-giken.co.jp

Number of Employees


Location

  • SEIKOH GIKEN Co., Ltd.
  • 296-1, Matsuhidai
  • Matsudo
  • Chiba
  • 270-2214
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GIKMUN (Boerse Muenchen)YesCommon StockDEEURJul 2000
6834JASDAQ (TSE JASDAQ)YesCommon StockJPJPYJul 2000

Biography

SEIKOH GIKEN Co., Ltd. designs, manufactures, and sells optical components in Japan and internationally. It offers precision and optical disc molds; injection molded components and precise manufacturing technology products; and optical communication components, such as interconnect parts, connectors, ferrules, adaptors, jumper cables, optical packaging parts, attenuators, and crimping tools. The company also provides optical manufacturing equipment, interferometers, endface cleaners, and field use equipment; lens; isotropic optical e-field sensor heads/optical probe heads, RF over fiber units, and optical probes for malfunction noise; and X-ray CT scanners. SEIKOH GIKEN Co., Ltd. was founded in 1972 and is headquartered in Matsudo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 15:38
End of Day Share Price2020/04/02 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.