Nihon Denkei Co.,Ltd. trades in electronic measuring instruments in Japan and internationally. More Details
Undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has Nihon DenkeiLtd's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 9908 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 9908's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 9908 exceeded the JP Electronic industry which returned 32.7% over the past year.
Return vs Market: 9908 exceeded the JP Market which returned 27.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Nihon DenkeiLtd's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StThree Days Left Until Nihon Denkei Co.,Ltd. (TYO:9908) Trades Ex-Dividend
3 months ago | Simply Wall StShould Nihon Denkei Co.,Ltd. (TYO:9908) Be Part Of Your Dividend Portfolio?
4 months ago | Simply Wall StHow Much Did Nihon DenkeiLtd's(TYO:9908) Shareholders Earn From Share Price Movements Over The Last Three Years?
Is Nihon DenkeiLtd 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: 9908 (¥1621) is trading below our estimate of fair value (¥9577.41)
Significantly Below Fair Value: 9908 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 9908 is good value based on its PE Ratio (8.7x) compared to the JP Electronic industry average (15.5x).
PE vs Market: 9908 is good value based on its PE Ratio (8.7x) compared to the JP market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 9908's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 9908 is good value based on its PB Ratio (0.6x) compared to the JP Electronic industry average (0.9x).
How is Nihon DenkeiLtd 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 Nihon DenkeiLtd 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 Nihon DenkeiLtd performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 9908 has high quality earnings.
Growing Profit Margin: 9908's current net profit margins (1.8%) are lower than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: 9908's earnings have declined by 0.3% per year over the past 5 years.
Accelerating Growth: 9908's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 9908 had negative earnings growth (-13.3%) over the past year, making it difficult to compare to the Electronic industry average (8%).
Return on Equity
High ROE: 9908's Return on Equity (6.6%) is considered low.
How is Nihon DenkeiLtd's financial position?
Financial Position Analysis
Short Term Liabilities: 9908's short term assets (¥43.6B) exceed its short term liabilities (¥26.6B).
Long Term Liabilities: 9908's short term assets (¥43.6B) exceed its long term liabilities (¥2.7B).
Debt to Equity History and Analysis
Debt Level: 9908's debt to equity ratio (43.4%) is considered high.
Reducing Debt: 9908's debt to equity ratio has reduced from 96.8% to 43.4% over the past 5 years.
Debt Coverage: 9908's debt is well covered by operating cash flow (48.6%).
Interest Coverage: 9908's interest payments on its debt are well covered by EBIT (111.3x coverage).
What is Nihon DenkeiLtd current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 9908's dividend (4.63%) is higher than the bottom 25% of dividend payers in the JP market (1.31%).
High Dividend: 9908's dividend (4.63%) is in the top 25% of dividend payers in the JP market (2.98%)
Stability and Growth of Payments
Stable Dividend: 9908's dividends per share have been stable in the past 10 years.
Growing Dividend: 9908's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.8%), 9908'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 management tenure
Tanho Yanagi (58 yo)
Mr. Tanho Yanagi serves as President at Nihon Denkei Co. Ltd. Mr. Yanagi served as a Senior Managing Director and General Manager of Overseas Operations Division at Nihon Denkei Co. Ltd. since April 2008. ...
Experienced Management: 9908's management team is seasoned and experienced (5.1 years average tenure).
Experienced Board: 9908's board of directors are seasoned and experienced ( 11.9 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.
Nihon Denkei Co.,Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Nihon Denkei Co.,Ltd.
- Ticker: 9908
- Exchange: JASDAQ
- Founded: 1950
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: JP¥12.626b
- Shares outstanding: 7.85m
- Website: https://www.n-denkei.co.jp
Number of Employees
- Nihon Denkei Co.,Ltd.
- ND building
- 5-14-12 ueno
Nihon Denkei Co.,Ltd. trades in electronic measuring instruments in Japan and internationally. The company manufactures, distributes, leases, and rents electronic measuring instruments, system equipment, e...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/18 08:10|
|End of Day Share Price||2021/05/18 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.