TSE:6668

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Adtec Plasma Technology

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 75% of JP stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 6668'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

-6.1%

6668

-0.5%

JP Electronic

-0.9%

JP Market


1 Year Return

1.3%

6668

52.2%

JP Electronic

36.1%

JP Market

Return vs Industry: 6668 underperformed the JP Electronic industry which returned 43.9% over the past year.

Return vs Market: 6668 underperformed the JP Market which returned 28.5% over the past year.


Shareholder returns

6668IndustryMarket
7 Day-6.1%-0.5%-0.9%
30 Day-9.8%-4.3%-0.4%
90 Day6.3%3.4%7.0%
1 Year2.2%1.3%54.6%52.2%39.5%36.1%
3 Year-26.6%-28.6%36.5%30.2%16.6%8.6%
5 Year218.4%206.7%116.2%99.3%53.8%36.8%

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?

18.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6668 (¥1288) is trading above our estimate of fair value (¥134.3)

Significantly Below Fair Value: 6668 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6668 is poor value based on its PE Ratio (18.8x) compared to the JP Electronic industry average (16.6x).

PE vs Market: 6668 is poor value based on its PE Ratio (18.8x) compared to the JP market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: 6668 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 6668 is overvalued based on its PB Ratio (1.8x) compared to the JP Electronic industry average (0.9x).


Next Steps

Future Growth

How is Adtec Plasma Technology forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

21.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6668's forecast earnings growth (21.6% per year) is above the savings rate (0%).

Earnings vs Market: 6668's earnings (21.6% per year) are forecast to grow faster than the JP market (17.4% per year).

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

Revenue vs Market: 6668's revenue (9.9% per year) is forecast to grow faster than the JP market (5.7% per year).

High Growth Revenue: 6668's revenue (9.9% 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 (12.4%).


Next Steps

Past Performance

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

7.2%

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%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: 6668's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: 6668's earnings growth over the past year (109.7%) exceeds its 5-year average (7.2% per year).

Earnings vs Industry: 6668 earnings growth over the past year (109.7%) exceeded the Electronic industry -5.3%.


Return on Equity

High ROE: 6668's Return on Equity (9.6%) is considered low.


Next Steps

Financial Health

How is Adtec Plasma Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 6668's short term assets (¥9.4B) exceed its short term liabilities (¥3.4B).

Long Term Liabilities: 6668's short term assets (¥9.4B) exceed its long term liabilities (¥1.7B).


Debt to Equity History and Analysis

Debt Level: 6668's debt to equity ratio (71.9%) is considered high.

Reducing Debt: 6668's debt to equity ratio has reduced from 102.6% to 71.9% over the past 5 years.

Debt Coverage: 6668's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6668's interest payments on its debt are well covered by EBIT (19.7x coverage).


Balance Sheet


Next Steps

Dividend

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

0.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6668's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.25%).

High Dividend: 6668's dividend (0.78%) is low compared to the top 25% of dividend payers in the JP market (2.88%).


Stability and Growth of Payments

Stable Dividend: 6668's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6668's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.6%), 6668's dividend payments are thoroughly 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?

8.5yrs

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

NamePositionTenureCompensationOwnership
Hidenori Morishita
President & Directorno datano data0.24%
¥ 26.6m
Hiroyuki Nakayama
Managing Director and Manager of General Affairs & Accounting Department 12.67yrsno datano data
Shintaro Shimada
Senior Managing Director26.25yrsno data0.87%
¥ 96.0m
Hiroki Goto
Manager of Quality Department and Director8.33yrsno data0.10%
¥ 11.5m
Toshihiro Takahara
Manager of Design Department and Director8.33yrsno data0.027%
¥ 2.9m

8.5yrs

Average Tenure

59yo

Average Age

Experienced Management: 6668's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hidenori Morishita
President & Directorno datano data0.24%
¥ 26.6m
Hiroki Goto
Manager of Quality Department and Director8.33yrsno data0.10%
¥ 11.5m
Toshihiro Takahara
Manager of Design Department and Director8.33yrsno data0.027%
¥ 2.9m
Shuitsu Fujii
Representative Director36.17yrsno data34.73%
¥ 3.8b
Fumio Sakiya
External Director19.33yrsno data0.61%
¥ 66.7m
Mary McGovern
Director14.33yrsno datano data
Shoji Fujiwara
Director5.33yrsno data0.44%
¥ 48.5m
Masayoshi Sato
External Director5.33yrsno datano data
Koichiro Ohara
External Director5.33yrsno datano data

8.3yrs

Average Tenure

72yo

Average Age

Experienced Board: 6668's board of directors are considered experienced (8.3 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¥10.987b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6668TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJul 2004

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 Analysis2021/03/08 08:08
End of Day Share Price2021/03/08 00:00
Earnings2020/11/30
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.