Executive Summary
Dexerials Corporation manufactures and sells electronic components, bonding materials, optics materials, and other products in Japan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Dexerials's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 4980 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 4980's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.1%
4980
0.9%
JP Electronic
1.6%
JP Market
1 Year Return
170.7%
4980
35.7%
JP Electronic
31.3%
JP Market
Return vs Industry: 4980 exceeded the JP Electronic industry which returned 35.7% over the past year.
Return vs Market: 4980 exceeded the JP Market which returned 31.3% over the past year.
Shareholder returns
| 4980 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | 0.9% | 1.6% |
| 30 Day | 3.8% | -2.2% | -1.4% |
| 90 Day | 37.8% | -5.6% | 0.1% |
| 1 Year | 177.3%170.7% | 37.3%35.7% | 34.2%31.3% |
| 3 Year | 99.7%79.8% | 34.7%29.0% | 15.0%7.1% |
| 5 Year | 190.1%139.3% | 124.8%109.0% | 61.1%43.4% |
Long-Term Price Volatility Vs. Market
How volatile is Dexerials's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Dexerials undervalued compared to its fair value and its price relative to the market?
30.45x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 4980 (¥2017) is trading above our estimate of fair value (¥1723.1)
Significantly Below Fair Value: 4980 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 4980 is poor value based on its PE Ratio (30.5x) compared to the JP Electronic industry average (16.2x).
PE vs Market: 4980 is poor value based on its PE Ratio (30.5x) compared to the JP market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: 4980 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 4980 is overvalued based on its PB Ratio (2.4x) compared to the JP Electronic industry average (1x).
Future Growth
How is Dexerials forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
22.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4980's forecast earnings growth (22.4% per year) is above the savings rate (0%).
Earnings vs Market: 4980's earnings (22.4% per year) are forecast to grow faster than the JP market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 4980's revenue (5.9% per year) is forecast to grow faster than the JP market (5.5% per year).
High Growth Revenue: 4980's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4980's Return on Equity is forecast to be low in 3 years time (13.5%).
Past Performance
How has Dexerials performed over the past 5 years?
1.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4980 has a large one-off loss of ¥2.3B impacting its December 31 2020 financial results.
Growing Profit Margin: 4980's current net profit margins (6.5%) are higher than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: 4980's earnings have grown by 1.6% per year over the past 5 years.
Accelerating Growth: 4980's earnings growth over the past year (59.3%) exceeds its 5-year average (1.6% per year).
Earnings vs Industry: 4980 earnings growth over the past year (59.3%) exceeded the Electronic industry 1.9%.
Return on Equity
High ROE: 4980's Return on Equity (7.9%) is considered low.
Financial Health
How is Dexerials's financial position?
Financial Position Analysis
Short Term Liabilities: 4980's short term assets (¥40.7B) exceed its short term liabilities (¥22.1B).
Long Term Liabilities: 4980's short term assets (¥40.7B) exceed its long term liabilities (¥18.7B).
Debt to Equity History and Analysis
Debt Level: 4980's debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: 4980's debt to equity ratio has increased from 29.4% to 32.5% over the past 5 years.
Debt Coverage: 4980's debt is well covered by operating cash flow (56.8%).
Interest Coverage: 4980's interest payments on its debt are well covered by EBIT (199x coverage).
Balance Sheet
Dividend
What is Dexerials's current dividend yield, its reliability and sustainability?
1.69%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 4980's dividend (1.69%) is higher than the bottom 25% of dividend payers in the JP market (1.24%).
High Dividend: 4980's dividend (1.69%) is low compared to the top 25% of dividend payers in the JP market (2.83%).
Stability and Growth of Payments
Stable Dividend: 4980 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 4980 has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.3%), 4980's dividend payments are 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?
2.3yrs
Average management tenure
CEO
Yoshihisa Shinya (51 yo)
2.17yrs
Tenure
Mr. Yoshihisa Shinya serves as President and Executive Officer at Dexerials Corporation since March 2019 and serves as its Representative Director since June 2019. He serves as a Chairman of Dexerials Corp...
Leadership Team
Experienced Management: 4980's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: 4980's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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
Dexerials Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dexerials Corporation
- Ticker: 4980
- Exchange: TSE
- Founded: 1962
- Industry: Electronic Components
- Sector: Tech
- Market Cap: JP¥128.069b
- Shares outstanding: 60.90m
- Website: https://www.dexerials.jp
Number of Employees
Location
- Dexerials Corporation
- East Tower
- 8th Floor, Gate City Osaki
- Tokyo
- 141-0032
- Japan
Listings
Biography
Dexerials Corporation manufactures and sells electronic components, bonding materials, optics materials, and other products in Japan. The company offers anisotropic conductive films, industrial adhesives, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/10 08:13 |
| End of Day Share Price | 2021/05/10 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/03/31 |
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.