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Tokyo Electron Device

Market Cap

JP¥63.6b

Last Updated

2021/05/09 08:11 UTC

Data Sources

Company Financials +

Executive Summary

Tokyo Electron Device Limited, a technology trading company, distributes semiconductor products, boards, software, and other electronic components worldwide. More Details


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2760 is more volatile than 90% of JP stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 2760's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of JP stocks.


Market Performance


7 Day Return

10.9%

2760

0.9%

JP Electronic

1.6%

JP Market


1 Year Return

123.7%

2760

35.8%

JP Electronic

31.6%

JP Market

Return vs Industry: 2760 exceeded the JP Electronic industry which returned 35.8% over the past year.

Return vs Market: 2760 exceeded the JP Market which returned 31.6% over the past year.


Shareholder returns

2760IndustryMarket
7 Day10.9%0.9%1.6%
30 Day36.8%-1.7%-1.1%
90 Day73.3%-4.5%1.7%
1 Year131.5%123.7%37.4%35.8%34.5%31.6%
3 Year238.5%199.0%34.6%28.9%15.1%7.2%
5 Year408.3%318.0%124.7%108.9%61.1%43.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

20.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2760 (¥6300) is trading above our estimate of fair value (¥2389.53)

Significantly Below Fair Value: 2760 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2760 is poor value based on its PE Ratio (20.2x) compared to the JP Electronic industry average (16.2x).

PE vs Market: 2760 is poor value based on its PE Ratio (20.2x) compared to the JP market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: 2760 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 2760 is overvalued based on its PB Ratio (2.2x) compared to the JP Electronic industry average (1x).


Future Growth

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

11.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2760's forecast earnings growth (11.3% per year) is above the savings rate (0%).

Earnings vs Market: 2760's earnings (11.3% per year) are forecast to grow slower than the JP market (15.1% per year).

High Growth Earnings: 2760's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2760's revenue (8.9% per year) is forecast to grow faster than the JP market (5.5% per year).

High Growth Revenue: 2760's revenue (8.9% 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 2760's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Tokyo Electron Device performed over the past 5 years?

24.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2760 has high quality earnings.

Growing Profit Margin: 2760's current net profit margins (2.2%) are higher than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: 2760's earnings have grown significantly by 24.5% per year over the past 5 years.

Accelerating Growth: 2760's earnings growth over the past year (37.4%) exceeds its 5-year average (24.5% per year).

Earnings vs Industry: 2760 earnings growth over the past year (37.4%) exceeded the Electronic industry 1.9%.


Return on Equity

High ROE: 2760's Return on Equity (10.8%) is considered low.


Financial Health

How is Tokyo Electron Device's financial position?


Financial Position Analysis

Short Term Liabilities: 2760's short term assets (¥82.7B) exceed its short term liabilities (¥40.0B).

Long Term Liabilities: 2760's short term assets (¥82.7B) exceed its long term liabilities (¥21.2B).


Debt to Equity History and Analysis

Debt Level: 2760's debt to equity ratio (85.4%) is considered high.

Reducing Debt: 2760's debt to equity ratio has reduced from 86% to 85.4% over the past 5 years.

Debt Coverage: 2760's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2760's interest payments on its debt are well covered by EBIT (57x coverage).


Balance Sheet


Dividend

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

2.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2760's dividend (2.78%) is higher than the bottom 25% of dividend payers in the JP market (1.24%).

High Dividend: 2760's dividend (2.78%) is low compared to the top 25% of dividend payers in the JP market (2.83%).


Stability and Growth of Payments

Stable Dividend: 2760's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2760's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40%), 2760'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?

5.5yrs

Average management tenure


CEO

Atsushi Tokushige (56 yo)

6.33yrs

Tenure

Mr. Atsushi Tokushige has been the President of Tokyo Electron Device Limited since January 1, 2015 and served as its Vice President since April 2005. Mr. Tokushige serves as the Chairman and Managing Dire...


Leadership Team

Experienced Management: 2760's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: 2760's board of directors are considered experienced (6.9 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

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


Key Information

  • Name: Tokyo Electron Device Limited
  • Ticker: 2760
  • Exchange: TSE
  • Founded: 1986
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: JP¥63.553b
  • Shares outstanding: 10.09m
  • Website: https://www.teldevice.co.jp

Number of Employees


Location

  • Tokyo Electron Device Limited
  • Yokohama East Square
  • 1-4 Kinko-cho
  • Yokohama
  • Kanagawa
  • 221-0056
  • Japan

Listings


Biography

Tokyo Electron Device Limited, a technology trading company, distributes semiconductor products, boards, software, and other electronic components worldwide. The company operates in two segments, Electroni...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 08:11
End of Day Share Price2021/05/07 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.