TSE:6754

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Executive Summary

Anritsu Corporation develops, manufactures, and sells measurement instruments and systems for various communications applications in Japan and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6754 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6754's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-4.9%

6754

-7.2%

JP Electronic

-3.2%

JP Market


1 Year Return

28.1%

6754

37.3%

JP Electronic

24.1%

JP Market

Return vs Industry: 6754 underperformed the JP Electronic industry which returned 37.3% over the past year.

Return vs Market: 6754 exceeded the JP Market which returned 24.1% over the past year.


Shareholder returns

6754IndustryMarket
7 Day-4.9%-7.2%-3.2%
30 Day-17.3%-9.3%0.2%
90 Day-4.5%1.1%4.5%
1 Year30.3%28.1%39.5%37.3%27.2%24.1%
3 Year71.1%64.6%37.6%31.3%17.2%9.1%
5 Year259.2%229.4%112.7%96.1%52.7%35.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

20.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6754 (¥2273) is trading above our estimate of fair value (¥2246.98)

Significantly Below Fair Value: 6754 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6754 is poor value based on its PE Ratio (20.2x) compared to the JP Electronic industry average (16.7x).

PE vs Market: 6754 is poor value based on its PE Ratio (20.2x) compared to the JP market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: 6754 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 6754 is overvalued based on its PB Ratio (3.1x) compared to the JP Electronic industry average (0.9x).


Next Steps

Future Growth

How is Anritsu forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6754's forecast earnings growth (11.2% per year) is above the savings rate (0%).

Earnings vs Market: 6754's earnings (11.2% per year) are forecast to grow slower than the JP market (17.5% per year).

High Growth Earnings: 6754's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6754's revenue (6% per year) is forecast to grow faster than the JP market (5.7% per year).

High Growth Revenue: 6754's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6754's Return on Equity is forecast to be low in 3 years time (15.3%).


Next Steps

Past Performance

How has Anritsu performed over the past 5 years?

40.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6754 has high quality earnings.

Growing Profit Margin: 6754's current net profit margins (14.5%) are higher than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: 6754's earnings have grown significantly by 40.4% per year over the past 5 years.

Accelerating Growth: 6754's earnings growth over the past year (40.5%) exceeds its 5-year average (40.4% per year).

Earnings vs Industry: 6754 earnings growth over the past year (40.5%) exceeded the Electronic industry -5.3%.


Return on Equity

High ROE: 6754's Return on Equity (15.5%) is considered low.


Next Steps

Financial Health

How is Anritsu's financial position?


Financial Position Analysis

Short Term Liabilities: 6754's short term assets (¥92.5B) exceed its short term liabilities (¥29.1B).

Long Term Liabilities: 6754's short term assets (¥92.5B) exceed its long term liabilities (¥3.8B).


Debt to Equity History and Analysis

Debt Level: 6754's debt to equity ratio (3.4%) is considered satisfactory.

Reducing Debt: 6754's debt to equity ratio has reduced from 28% to 3.4% over the past 5 years.

Debt Coverage: 6754's debt is well covered by operating cash flow (592.4%).

Interest Coverage: 6754 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.63%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 6754's dividend (1.63%) is higher than the bottom 25% of dividend payers in the JP market (1.26%).

High Dividend: 6754's dividend (1.63%) is low compared to the top 25% of dividend payers in the JP market (2.91%).


Stability and Growth of Payments

Stable Dividend: 6754's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6754's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.5%), 6754's dividend payments are well 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?

2.0yrs

Average management tenure


CEO

Hirokazu Hamada (46 yo)

1.83yrs

Tenure

Mr. Hirokazu Hamada has been Group Chief Executive Officer at Anritsu Corporation since April 1, 2109. He has been President at Anritsu Corporation since April 01, 2018. He was Executive Vice President and...


Leadership Team

NamePositionTenureCompensationOwnership
Hirokazu Hamada
Representative Director1.83yrsno data0.012%
¥ 36.4m
Akifumi Kubota
CFO, Chief Corporate Officer7.67yrsno data0.015%
¥ 45.5m
Hanako Noda
CTO & Executive Officer2.08yrsno datano data
Takashi Sakamoto
Chief Human Resource and Administration Officer & Executive Officer1.08yrsno datano data
Yoshiyuki Amano
Chief Global Sales Officer and Vice President1.08yrsno datano data
Tetsuo Kawabe
Senior Executive Officer of Management Audit Dept.no datano datano data
Toru Wakinaga
Senior Executive Officer of Management Audit Dept.no datano datano data
Yukihiro Takahashi
Sr. Exe. Officer2.08yrsno datano data
Akio Takagi
Senior Executive Officer & Chief Environment and Quality Officerno datano datano data
Masumi Niimi
Senior VP2.67yrsno data0.010%
¥ 31.8m
Hiroyuki Fujikake
Chief SCM Officer & VP3.83yrsno datano data
Shunichi Sugita
Chief Corporate Strategy Officer & Executive Officer1.08yrsno datano data

2.0yrs

Average Tenure

Experienced Management: 6754's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hirokazu Hamada
Representative Director1.83yrsno data0.012%
¥ 36.4m
Akifumi Kubota
CFO, Chief Corporate Officer7.67yrsno data0.015%
¥ 45.5m
Masumi Niimi
Senior VP2.67yrsno data0.010%
¥ 31.8m
Toshisumi Taniai
Director9.67yrsno data0.021%
¥ 65.9m
Takaya Seki
Independent Outside Director9.67yrsno datano data
Takeshi Shima
Senior VP & Director1.67yrsno data0.0029%
¥ 9.1m
Norio Igarashi
Independent Outside Director3.67yrsno datano data
Kazuyoshi Aoki
Independent Outside Director1.67yrsno datano data
Keiko Shimizu
Independent Outside Director1.67yrsno datano data

3.7yrs

Average Tenure

Experienced Board: 6754's board of directors are considered experienced (3.7 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

Anritsu Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Anritsu Corporation
  • Ticker: 6754
  • Exchange: TSE
  • Founded: 1895
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: JP¥312.424b
  • Shares outstanding: 137.45m
  • Website: https://www.anritsu.com

Number of Employees


Location

  • Anritsu Corporation
  • 5-1-1 Onna
  • Atsugi
  • Kanagawa
  • 243-8555
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AITU.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
6754TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
AN1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
AITU.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDSep 2013

Biography

Anritsu Corporation develops, manufactures, and sells measurement instruments and systems for various communications applications in Japan and internationally. The company operates through Test and Measure...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 08:03
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


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.