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Tomen Devices

Market Cap

JP¥28.4b

Last Updated

2021/05/10 08:29 UTC

Data Sources

Company Financials

Executive Summary

Tomen Devices Corporation operates as an electronics trading company in Japan. More Details


Snowflake Analysis

Average dividend payer with mediocre balance sheet.

Share Price & News

How has Tomen Devices's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2737 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 2737's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

6.0%

2737

0.9%

JP Electronic

1.6%

JP Market


1 Year Return

9.2%

2737

35.7%

JP Electronic

31.3%

JP Market

Return vs Industry: 2737 underperformed the JP Electronic industry which returned 35.7% over the past year.

Return vs Market: 2737 underperformed the JP Market which returned 31.3% over the past year.


Shareholder returns

2737IndustryMarket
7 Day6.0%0.9%1.6%
30 Day-0.7%-2.2%-1.4%
90 Day3.0%-5.6%0.1%
1 Year13.7%9.2%37.3%35.7%34.2%31.3%
3 Year57.5%39.9%34.7%29.0%15.0%7.1%
5 Year172.9%129.3%124.8%109.0%61.1%43.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Tomen Devices undervalued compared to its fair value and its price relative to the market?

8.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2737 (¥4160) is trading above our estimate of fair value (¥2191.58)

Significantly Below Fair Value: 2737 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2737 is good value based on its PE Ratio (8.2x) compared to the JP Electronic industry average (16.2x).

PE vs Market: 2737 is good value based on its PE Ratio (8.2x) compared to the JP market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2737's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2737's PB Ratio (0.9x) is in line with the JP Electronic industry average.


Future Growth

How is Tomen Devices forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.9%

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 Tomen Devices 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.


Past Performance

How has Tomen Devices performed over the past 5 years?

25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2737 has a high level of non-cash earnings.

Growing Profit Margin: 2737's current net profit margins (1.1%) are lower than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: 2737's earnings have grown significantly by 25.3% per year over the past 5 years.

Accelerating Growth: 2737's earnings growth over the past year (1.9%) is below its 5-year average (25.3% per year).

Earnings vs Industry: 2737 earnings growth over the past year (1.9%) underperformed the Electronic industry 1.9%.


Return on Equity

High ROE: 2737's Return on Equity (10.8%) is considered low.


Financial Health

How is Tomen Devices's financial position?


Financial Position Analysis

Short Term Liabilities: 2737's short term assets (¥118.3B) exceed its short term liabilities (¥86.6B).

Long Term Liabilities: 2737's short term assets (¥118.3B) exceed its long term liabilities (¥512.0M).


Debt to Equity History and Analysis

Debt Level: 2737's debt to equity ratio (44.5%) is considered high.

Reducing Debt: 2737's debt to equity ratio has increased from 38.7% to 44.5% over the past 5 years.

Debt Coverage: 2737's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2737 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Tomen Devices's current dividend yield, its reliability and sustainability?

4.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2737's dividend (4.09%) is higher than the bottom 25% of dividend payers in the JP market (1.24%).

High Dividend: 2737's dividend (4.09%) is in the top 25% of dividend payers in the JP market (2.83%)


Stability and Growth of Payments

Stable Dividend: 2737's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2737's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.6%), 2737'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?

8.9yrs

Average management tenure


CEO

Ichiro Tsumaki (60 yo)

8.92yrs

Tenure

Mr. Tsumaki Ichiro has been the President of Tomen Devices Corporation since June 2012 and serves as its General Manager of Sales Division. Mr. Ichiro served as a General Manager of Operations Division. M...


Leadership Team

Experienced Management: 2737's management team is seasoned and experienced (8.9 years average tenure).


Board Members

Experienced Board: 2737's board of directors are considered experienced (4.3 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

Tomen Devices Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tomen Devices Corporation
  • Ticker: 2737
  • Exchange: TSE
  • Founded: 1992
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: JP¥28.429b
  • Shares outstanding: 6.80m
  • Website: https://www.tomendevices.co.jp

Number of Employees


Location

  • Tomen Devices Corporation
  • 8-12, Harumi 1-chome
  • Chuo-ku
  • Tokyo
  • 104-6230
  • Japan

Listings


Biography

Tomen Devices Corporation operates as an electronics trading company in Japan. The company sells semiconductors products and electronic components. Its products include memory semiconductors, including DRA...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 08:29
End of Day Share Price2021/05/10 00:00
Earnings2021/03/31
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.