Tokyo Electron Device Limited, a technology trading company, distributes semiconductor products, boards, software, and other electronic components worldwide. More Details
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.
7 Day Return
1 Year Return
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.
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
Is Tokyo Electron Device undervalued compared to its fair value and its price relative to the market?
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).
How is Tokyo Electron Device forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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
How has Tokyo Electron Device performed over the past 5 years?
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.
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).
What is Tokyo Electron Device current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Atsushi Tokushige (56 yo)
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...
Experienced Management: 2760's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: 2760's board of directors are considered experienced (6.9 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.
Tokyo Electron Device Limited's company bio, employee growth, exchange listings and data sources
- 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
- Tokyo Electron Device Limited
- Yokohama East Square
- 1-4 Kinko-cho
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/09 08:11|
|End of Day Share Price||2021/05/07 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.