Executive Summary
Anritsu Corporation develops, manufactures, and sells measurement instruments and systems for various communications applications in Japan and internationally. More Details
Rewards
Risk Analysis
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
| 6754 | Industry | Market | |
|---|---|---|---|
| 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 Year | 30.3%28.1% | 39.5%37.3% | 27.2%24.1% |
| 3 Year | 71.1%64.6% | 37.6%31.3% | 17.2%9.1% |
| 5 Year | 259.2%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Representative Director | 1.83yrs | no data | 0.012% ¥ 36.4m | |
| CFO, Chief Corporate Officer | 7.67yrs | no data | 0.015% ¥ 45.5m | |
| CTO & Executive Officer | 2.08yrs | no data | no data | |
| Chief Human Resource and Administration Officer & Executive Officer | 1.08yrs | no data | no data | |
| Chief Global Sales Officer and Vice President | 1.08yrs | no data | no data | |
| Senior Executive Officer of Management Audit Dept. | no data | no data | no data | |
| Senior Executive Officer of Management Audit Dept. | no data | no data | no data | |
| Sr. Exe. Officer | 2.08yrs | no data | no data | |
| Senior Executive Officer & Chief Environment and Quality Officer | no data | no data | no data | |
| Senior VP | 2.67yrs | no data | 0.010% ¥ 31.8m | |
| Chief SCM Officer & VP | 3.83yrs | no data | no data | |
| Chief Corporate Strategy Officer & Executive Officer | 1.08yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Representative Director | 1.83yrs | no data | 0.012% ¥ 36.4m | |
| CFO, Chief Corporate Officer | 7.67yrs | no data | 0.015% ¥ 45.5m | |
| Senior VP | 2.67yrs | no data | 0.010% ¥ 31.8m | |
| Director | 9.67yrs | no data | 0.021% ¥ 65.9m | |
| Independent Outside Director | 9.67yrs | no data | no data | |
| Senior VP & Director | 1.67yrs | no data | 0.0029% ¥ 9.1m | |
| Independent Outside Director | 3.67yrs | no data | no data | |
| Independent Outside Director | 1.67yrs | no data | no data | |
| Independent Outside Director | 1.67yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AITU.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jan 1992 |
| 6754 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jan 1992 |
| AN1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| AITU.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 08:03 |
| End of Day Share Price | 2021/02/26 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.