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6668

Adtec Plasma Technology TSE:6668 Stock Report

Last Price

JP¥1.78k

Market Cap

JP¥15.4b

7D

3.1%

1Y

17.2%

Updated

17 Aug, 2022

Data

Company Financials +
6668 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance5/6
Financial Health3/6
Dividends0/6

6668 Stock Overview

Adtec Plasma Technology Co., Ltd. engages in the design, manufacture, sale, and technical support of RF plasma generators, matching units, and digital RF power tracers in Japan.

Adtec Plasma Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Adtec Plasma Technology
Historical stock prices
Current Share PriceJP¥1,780.00
52 Week HighJP¥3,335.00
52 Week LowJP¥1,426.00
Beta1.67
1 Month Change-0.28%
3 Month Change-12.87%
1 Year Change17.18%
3 Year Change144.84%
5 Year Change-2.47%
Change since IPO-5.82%

Recent News & Updates

Shareholder Returns

6668JP ElectronicJP Market
7D3.1%3.8%2.5%
1Y17.2%-3.3%1.9%

Return vs Industry: 6668 exceeded the JP Electronic industry which returned -3.3% over the past year.

Return vs Market: 6668 exceeded the JP Market which returned 1.9% over the past year.

Price Volatility

Is 6668's price volatile compared to industry and market?
6668 volatility
6668 Average Weekly Movement6.1%
Electronic Industry Average Movement4.0%
Market Average Movement3.8%
10% most volatile stocks in JP Market7.8%
10% least volatile stocks in JP Market2.0%

Stable Share Price: 6668 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6668's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.

About the Company

FoundedEmployeesCEOWebsite
1985421Hidenori Morishitahttps://www.adtec-rf.com

Adtec Plasma Technology Co., Ltd. engages in the design, manufacture, sale, and technical support of RF plasma generators, matching units, and digital RF power tracers in Japan. The company offers automatic impedance matching boxes, measuring devices, DC power supply products, and microwaves. Its products are installed on tools for LCD panels and semiconductor processes.

Adtec Plasma Technology Fundamentals Summary

How do Adtec Plasma Technology's earnings and revenue compare to its market cap?
6668 fundamental statistics
Market CapJP¥15.39b
Earnings (TTM)JP¥1.78b
Revenue (TTM)JP¥11.06b

8.6x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6668 income statement (TTM)
RevenueJP¥11.06b
Cost of RevenueJP¥6.28b
Gross ProfitJP¥4.79b
Other ExpensesJP¥3.00b
EarningsJP¥1.78b

Last Reported Earnings

May 31, 2022

Next Earnings Date

Oct 14, 2022

Earnings per share (EPS)207.90
Gross Margin43.26%
Net Profit Margin16.12%
Debt/Equity Ratio88.8%

How did 6668 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

9%

Payout Ratio

Does 6668 pay a reliable dividends?

See 6668 dividend history and benchmarks
When do you need to buy 6668 by to receive an upcoming dividend?
Adtec Plasma Technology dividend dates
Ex Dividend DateAug 30 2022
Dividend Pay DateNov 29 2022
Days until Ex dividend13 days
Days until Dividend pay date104 days

Does 6668 pay a reliable dividends?

See 6668 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 6668 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6668?

Other financial metrics that can be useful for relative valuation.

6668 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA7.4x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 6668's PE Ratio compare to its peers?

6668 PE Ratio vs Peers
The above table shows the PE ratio for 6668 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.3x
6522 Asterisk
72.8xn/aJP¥11.0b
6850 Chino
12xn/aJP¥14.4b
6777 Santec
11.5x1.9%JP¥24.2b
6848 Dkk-Toa
13.2xn/aJP¥16.9b
6668 Adtec Plasma Technology
8.6x22.9%JP¥15.4b

Price-To-Earnings vs Peers: 6668 is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (27.3x).


Price to Earnings Ratio vs Industry

How does 6668's PE Ratio compare vs other companies in the JP Electronic Industry?

Price-To-Earnings vs Industry: 6668 is good value based on its Price-To-Earnings Ratio (8.6x) compared to the JP Electronic industry average (11.7x)


Price to Earnings Ratio vs Fair Ratio

What is 6668's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6668 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.6x
Fair PE Ratio17.7x

Price-To-Earnings vs Fair Ratio: 6668 is good value based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.7x).


Share Price vs Fair Value

What is the Fair Price of 6668 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6668 (¥1780) is trading below our estimate of fair value (¥5515.65)

Significantly Below Fair Value: 6668 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

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

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6668's forecast earnings growth (22.9% per year) is above the savings rate (0.04%).

Earnings vs Market: 6668's earnings (22.9% per year) are forecast to grow faster than the JP market (8.6% per year).

High Growth Earnings: 6668's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6668's revenue (22.6% per year) is forecast to grow faster than the JP market (4.3% per year).

High Growth Revenue: 6668's revenue (22.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6668's Return on Equity is forecast to be very high in 3 years time (67.2%).


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Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-0.08%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6668 has high quality earnings.

Growing Profit Margin: 6668's current net profit margins (16.1%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: 6668's earnings have declined by 0.08% per year over the past 5 years.

Accelerating Growth: 6668's earnings growth over the past year (112%) exceeds its 5-year average (-0.08% per year).

Earnings vs Industry: 6668 earnings growth over the past year (112%) exceeded the Electronic industry 28.2%.


Return on Equity

High ROE: 6668's Return on Equity (21.5%) is considered high.


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Financial Health

How is Adtec Plasma Technology's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6668's short term assets (¥15.6B) exceed its short term liabilities (¥6.3B).

Long Term Liabilities: 6668's short term assets (¥15.6B) exceed its long term liabilities (¥3.3B).


Debt to Equity History and Analysis

Debt Level: 6668's net debt to equity ratio (40.7%) is considered high.

Reducing Debt: 6668's debt to equity ratio has increased from 81.9% to 88.8% 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 (65.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.67%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 17 2022Ex Dividend DateAug 30 2022Dividend Pay DateNov 29 202291 days from Ex DividendBuy in the next 13 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 6668's dividend (0.67%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.62%).

High Dividend: 6668's dividend (0.67%) is low compared to the top 25% of dividend payers in the JP market (3.61%).


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.


Earnings Payout to Shareholders

Earnings Coverage: 6668 is not paying a notable dividend for the JP market.


Cash Payout to Shareholders

Cash Flow Coverage: 6668 is paying a dividend but the company has no free cash flows.


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Management

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

9.9yrs

Average management tenure


CEO

Hidenori Morishita (51 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 (9.9 years average tenure).


Board Members

Experienced Board: 6668's board of directors are considered experienced (9.8 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 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
  • Implied Market Cap: JP¥15.394b
  • Shares outstanding: 8.58m
  • Website: https://www.adtec-rf.com

Number of Employees


Location

  • Adtec Plasma Technology Co., Ltd.
  • 6-10, 5-chome
  • Hikino-cho
  • Fukuyama
  • Hiroshima
  • 721-0942
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/05/31
Annual Earnings2021/08/31


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.