TSE:6668

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Adtec Plasma Technology

Market Cap

JP¥15.6b

Last Updated

2021/06/19 08:35 UTC

Data Sources

Company Financials +

Executive Summary

Adtec Plasma Technology Co., Ltd. designs, manufactures, and sells/supports RF plasma generators, visual matching units, digital RF power tracers, and chamber analyzers in Japan. More Details


Snowflake Analysis

Solid track record with reasonable growth potential.


Similar Companies

Share Price & News

How has Adtec Plasma Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6668 is more volatile than 90% of JP stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 6668's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of JP stocks.


Market Performance


7 Day Return

5.5%

6668

2.6%

JP Electronic

0.4%

JP Market


1 Year Return

29.1%

6668

27.7%

JP Electronic

22.6%

JP Market

Return vs Industry: 6668 exceeded the JP Electronic industry which returned 27.7% over the past year.

Return vs Market: 6668 exceeded the JP Market which returned 22.6% over the past year.


Shareholder returns

6668IndustryMarket
7 Day5.5%2.6%0.4%
30 Day8.0%6.4%3.6%
90 Day32.0%-0.6%-2.3%
1 Year30.3%29.1%29.2%27.7%25.3%22.6%
3 Year10.1%7.1%39.0%33.1%20.3%12.1%
5 Year439.9%420.0%142.3%125.3%78.4%58.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Adtec Plasma Technology undervalued compared to its fair value and its price relative to the market?

13.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6668 (¥1820) is trading below our estimate of fair value (¥2105.11)

Significantly Below Fair Value: 6668 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 6668 is poor value based on its PE Ratio (24.6x) compared to the JP Electronic industry average (16.9x).

PE vs Market: 6668 is poor value based on its PE Ratio (24.6x) compared to the JP market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: 6668 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 6668 is overvalued based on its PB Ratio (2.5x) compared to the JP Electronic industry average (1x).


Future Growth

How is Adtec Plasma Technology forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

21.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6668's forecast earnings growth (21.8% per year) is above the savings rate (0%).

Earnings vs Market: 6668's earnings (21.8% per year) are forecast to grow faster than the JP market (12.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6668's revenue (16.4% per year) is forecast to grow faster than the JP market (5.2% per year).

High Growth Revenue: 6668's revenue (16.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6668's Return on Equity is forecast to be low in 3 years time (17.3%).


Past Performance

How has Adtec Plasma Technology performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6668 has high quality earnings.

Growing Profit Margin: 6668's current net profit margins (8.7%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: 6668's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: 6668's earnings growth over the past year (76.9%) exceeds its 5-year average (3.9% per year).

Earnings vs Industry: 6668 earnings growth over the past year (76.9%) exceeded the Electronic industry 10.1%.


Return on Equity

High ROE: 6668's Return on Equity (10.3%) is considered low.


Financial Health

How is Adtec Plasma Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 6668's short term assets (¥9.9B) exceed its short term liabilities (¥3.6B).

Long Term Liabilities: 6668's short term assets (¥9.9B) exceed its long term liabilities (¥1.8B).


Debt to Equity History and Analysis

Debt Level: 6668's debt to equity ratio (72.1%) is considered high.

Reducing Debt: 6668's debt to equity ratio has reduced from 107% to 72.1% over the past 5 years.

Debt Coverage: 6668's debt is not well covered by operating cash flow (10.7%).

Interest Coverage: 6668's interest payments on its debt are well covered by EBIT (19.6x coverage).


Balance Sheet


Dividend

What is Adtec Plasma Technology current dividend yield, its reliability and sustainability?

0.55%

Current Dividend Yield


Upcoming Dividend Payment

TodayJun 19 2021Ex Dividend DateAug 30 2021Dividend Pay DateNov 27 202189 days from Ex DividendBuy in the next 71 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 6668's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 6668's dividend (0.55%) is low compared to the top 25% of dividend payers in the JP market (2.99%).


Stability and Growth of Payments

Stable Dividend: 6668 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.

Growing Dividend: 6668 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: 6668 is not paying a notable dividend for the JP market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6668'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?

8.8yrs

Average management tenure


CEO

Hidenori Morishita (49 yo)

no data

Tenure

Mr. Hidenori Morishita served as a Manager of Sales Department at Adtec Plasma Technology Co., Ltd. Mr. Morishita served as Manager of Sales Department at Adtec Plasma Technology Co., Ltd. since November 2...


Leadership Team

Experienced Management: 6668's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: 6668's board of directors are considered experienced (8.6 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

Adtec Plasma Technology Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Adtec Plasma Technology Co., Ltd.
  • Ticker: 6668
  • Exchange: TSE
  • Founded: 1985
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: JP¥15.623b
  • Shares outstanding: 8.58m
  • Website: https://www.adtec-rf.com

Number of Employees


Location

  • Adtec Plasma Technology Co., Ltd.
  • Chome No. 6 No. 10
  • Hikino-cho
  • Fukuyama
  • Hiroshima
  • 721-0942
  • Japan

Listings


Biography

Adtec Plasma Technology Co., Ltd. designs, manufactures, and sells/supports RF plasma generators, visual matching units, digital RF power tracers, and chamber analyzers in Japan. Its products are installed...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/19 08:35
End of Day Share Price2021/06/18 00:00
Earnings2021/02/28
Annual Earnings2020/08/31


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.