TSE:4062

Stock Analysis Report

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Market Cap

JP¥819.5b

Last Updated

2021/06/24 15:36 UTC

Data Sources

Company Financials +

Executive Summary

Ibiden Co.,Ltd. provides electronic and ceramics products in Japan, Asia, North America, Europe, and internationally. More Details


Snowflake Analysis

Adequate balance sheet with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 4062 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 4062's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.


Market Performance


7 Day Return

-1.3%

4062

-0.7%

JP Electronic

-0.6%

JP Market


1 Year Return

90.0%

4062

27.3%

JP Electronic

23.0%

JP Market

Return vs Industry: 4062 exceeded the JP Electronic industry which returned 26.8% over the past year.

Return vs Market: 4062 exceeded the JP Market which returned 22.3% over the past year.


Shareholder returns

4062IndustryMarket
7 Day-1.3%-0.7%-0.6%
30 Day19.8%4.1%1.9%
90 Day14.4%1.4%-1.2%
1 Year91.5%90.0%28.8%27.3%25.6%23.0%
3 Year245.9%230.7%40.4%34.5%20.9%12.8%
5 Year456.6%409.5%139.2%122.9%73.1%54.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

31.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 4062 (¥5950) is trading above our estimate of fair value (¥4577.17)

Significantly Below Fair Value: 4062 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 4062 is poor value based on its PE Ratio (32.3x) compared to the JP Electronic industry average (16.7x).

PE vs Market: 4062 is poor value based on its PE Ratio (32.3x) compared to the JP market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: 4062 is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: 4062 is overvalued based on its PB Ratio (2.6x) compared to the JP Electronic industry average (1x).


Future Growth

How is IbidenLtd forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4062's forecast earnings growth (18.9% per year) is above the savings rate (0%).

Earnings vs Market: 4062's earnings (18.9% per year) are forecast to grow faster than the JP market (12.8% per year).

High Growth Earnings: 4062's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4062's revenue (10.4% per year) is forecast to grow faster than the JP market (5.2% per year).

High Growth Revenue: 4062's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 4062's Return on Equity is forecast to be low in 3 years time (13.1%).


Past Performance

How has IbidenLtd performed over the past 5 years?

60.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4062 has a high level of non-cash earnings.

Growing Profit Margin: 4062's current net profit margins (7.9%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: 4062's earnings have grown significantly by 60.5% per year over the past 5 years.

Accelerating Growth: 4062's earnings growth over the past year (126.8%) exceeds its 5-year average (60.5% per year).

Earnings vs Industry: 4062 earnings growth over the past year (126.8%) exceeded the Electronic industry 10.1%.


Return on Equity

High ROE: 4062's Return on Equity (8.1%) is considered low.


Financial Health

How is IbidenLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 4062's short term assets (¥285.4B) exceed its short term liabilities (¥131.9B).

Long Term Liabilities: 4062's short term assets (¥285.4B) exceed its long term liabilities (¥124.8B).


Debt to Equity History and Analysis

Debt Level: 4062's debt to equity ratio (49.3%) is considered high.

Reducing Debt: 4062's debt to equity ratio has increased from 21.6% to 49.3% over the past 5 years.

Debt Coverage: 4062's debt is well covered by operating cash flow (24.5%).

Interest Coverage: 4062 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is IbidenLtd current dividend yield, its reliability and sustainability?

0.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4062's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.32%).

High Dividend: 4062's dividend (0.59%) is low compared to the top 25% of dividend payers in the JP market (3%).


Stability and Growth of Payments

Stable Dividend: 4062 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.

Growing Dividend: 4062 is not paying a notable dividend for the JP market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 4062 is not paying a notable dividend for the JP market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 4062's dividend in 3 years as they are not forecast to pay a notable one for the JP market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Takeshi Aoki (63 yo)

4yrs

Tenure

JP¥113,000,000

Compensation

Mr. Takeshi Aoki has been the Chief Executive Officer and President at Ibiden Co., Ltd. since June 2017 and served as its Executive Vice President since March 3 2016. Mr. Aoki served as Senior Managing Off...


CEO Compensation Analysis

Compensation vs Market: Takeshi's total compensation ($USD1.02M) is about average for companies of similar size in the JP market ($USD1.38M).

Compensation vs Earnings: Insufficient data to compare Takeshi's compensation with company performance.


Leadership Team

Experienced Management: 4062's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: 4062's board of directors are considered experienced (4 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

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


Key Information

  • Name: Ibiden Co.,Ltd.
  • Ticker: 4062
  • Exchange: TSE
  • Founded: 1912
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥819.452b
  • Shares outstanding: 139.60m
  • Website: https://www.ibiden.co.jp

Number of Employees


Location

  • Ibiden Co.,Ltd.
  • 2-1, Kanda-cho
  • Ogaki
  • Gifu
  • 503-8604
  • Japan

Listings


Biography

Ibiden Co.,Ltd. provides electronic and ceramics products in Japan, Asia, North America, Europe, and internationally. It operates through Electronics, Ceramics, and Construction segments. The company offer...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 15:36
End of Day Share Price2021/06/24 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.