Executive Summary
TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has TDK's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6762 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 6762's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.9%
6762
3.0%
JP Electronic
1.3%
JP Market
1 Year Return
47.8%
6762
43.9%
JP Electronic
28.5%
JP Market
Return vs Industry: 6762 exceeded the JP Electronic industry which returned 43.8% over the past year.
Return vs Market: 6762 exceeded the JP Market which returned 28.5% over the past year.
Shareholder returns
| 6762 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 3.0% | 1.3% |
| 30 Day | -3.5% | -3.1% | -0.06% |
| 90 Day | 3.9% | 5.8% | 7.3% |
| 1 Year | 50.6%47.8% | 46.2%43.9% | 31.7%28.5% |
| 3 Year | 64.8%56.6% | 39.7%33.2% | 18.1%9.9% |
| 5 Year | 136.6%117.1% | 122.4%104.9% | 55.7%38.4% |
Long-Term Price Volatility Vs. Market
How volatile is TDK's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is TDK undervalued compared to its fair value and its price relative to the market?
33.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 6762 (¥15110) is trading above our estimate of fair value (¥13782.43)
Significantly Below Fair Value: 6762 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6762 is poor value based on its PE Ratio (33.8x) compared to the JP Electronic industry average (16.6x).
PE vs Market: 6762 is poor value based on its PE Ratio (33.8x) compared to the JP market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: 6762 is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: 6762 is overvalued based on its PB Ratio (2.1x) compared to the JP Electronic industry average (0.9x).
Next Steps
Future Growth
How is TDK forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
20.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6762's forecast earnings growth (20.8% per year) is above the savings rate (0%).
Earnings vs Market: 6762's earnings (20.8% per year) are forecast to grow faster than the JP market (17.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 6762's revenue (6% per year) is forecast to grow faster than the JP market (5.7% per year).
High Growth Revenue: 6762'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: 6762's Return on Equity is forecast to be low in 3 years time (13.9%).
Next Steps
Past Performance
How has TDK performed over the past 5 years?
-6.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6762 has high quality earnings.
Growing Profit Margin: 6762's current net profit margins (4.1%) are lower than last year (6.8%).
Past Earnings Growth Analysis
Earnings Trend: 6762's earnings have declined by 6.5% per year over the past 5 years.
Accelerating Growth: 6762's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6762 had negative earnings growth (-39.1%) over the past year, making it difficult to compare to the Electronic industry average (-5.3%).
Return on Equity
High ROE: 6762's Return on Equity (6.2%) is considered low.
Next Steps
Financial Health
How is TDK's financial position?
Financial Position Analysis
Short Term Liabilities: 6762's short term assets (¥1,141.0B) exceed its short term liabilities (¥904.5B).
Long Term Liabilities: 6762's short term assets (¥1,141.0B) exceed its long term liabilities (¥400.5B).
Debt to Equity History and Analysis
Debt Level: 6762's debt to equity ratio (55.6%) is considered high.
Reducing Debt: 6762's debt to equity ratio has increased from 47.1% to 55.6% over the past 5 years.
Debt Coverage: 6762's debt is well covered by operating cash flow (46.9%).
Interest Coverage: 6762 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is TDK current dividend yield, its reliability and sustainability?
1.19%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 6762's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.25%).
High Dividend: 6762's dividend (1.19%) is low compared to the top 25% of dividend payers in the JP market (2.87%).
Stability and Growth of Payments
Stable Dividend: 6762's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6762's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.3%), 6762'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?
4.8yrs
Average management tenure
CEO
Shigenao Ishiguro (63 yo)
4.75yrs
Tenure
JP¥143,000,000
Compensation
Mr. Shigenao Ishiguro has been the Chief Executive Officer, President and General Manager of Humidifier Countermeasures Head Quarters at TDK Corporation since June 29, 2016 and served as its General Manage...
CEO Compensation Analysis
Compensation vs Market: Shigenao's total compensation ($USD0.00) is below average for companies of similar size in the JP market ($USD1.91M).
Compensation vs Earnings: Insufficient data to compare Shigenao's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 4.75yrs | JP¥143.00m | 0.0043% ¥ 83.0m | |
| EVP, Global Chief Compliance Officer | 4.75yrs | no data | 0.0024% ¥ 45.2m | |
| GM of Technology & Intellectual Property HQ and Corporate Officer | 3.75yrs | no data | no data | |
| General Manager of Corporate Communications Group of Strategy Hq | no data | no data | no data | |
| Corporate Officer & GM of Human Resources HQ | 3.17yrs | no data | no data | |
| Senior VP & Corporate Officer | 10.75yrs | no data | no data | |
| Executive VP | 3.75yrs | no data | 0.0024% ¥ 45.2m | |
| Corporate Officer & Senior VP | 7.92yrs | no data | no data | |
| Executive VP | 5.92yrs | no data | no data | |
| Corporate Officer | no data | no data | no data | |
| Corporate Officer and CEO & GM of HDD Components Business Group of Magnetic Heads Business Co. | 4.75yrs | no data | no data | |
| Corporate Officer & CEO of Electronic Components Business Company and GM of Ceramic Capacitors | 2.17yrs | no data | no data |
4.8yrs
Average Tenure
60yo
Average Age
Experienced Management: 6762's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President | 4.75yrs | JP¥143.00m | 0.0043% ¥ 83.0m | |
| EVP, Global Chief Compliance Officer | 4.75yrs | no data | 0.0024% ¥ 45.2m | |
| Executive VP | 3.75yrs | no data | 0.0024% ¥ 45.2m | |
| Independent Outside Director | 2.75yrs | no data | no data | |
| Chairman | 3.17yrs | no data | no data | |
| Outside Audit & Supervisory Board Member | 1.75yrs | no data | no data | |
| Independent Outside Director | 5.75yrs | no data | no data | |
| Full Time Audit & Supervisory Board Member | 2.17yrs | no data | 0.0024% ¥ 45.2m | |
| Full-Time Audit & Supervisory Board Member | 2.17yrs | no data | 0.0023% ¥ 43.9m | |
| Outside Audit & Supervisory Board Member | 2.17yrs | no data | no data | |
| Outside Audit & Supervisory Board Member | 2.17yrs | no data | no data | |
| Independent Outside Director | 0.75yr | no data | no data |
2.5yrs
Average Tenure
62yo
Average Age
Experienced Board: 6762's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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
TDK Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: TDK Corporation
- Ticker: 6762
- Exchange: TSE
- Founded: 1935
- Industry: Electronic Components
- Sector: Tech
- Market Cap: JP¥1.909t
- Shares outstanding: 126.32m
- Website: https://www.jp.tdk.com
Number of Employees
Location
- TDK Corporation
- Shibaura Renasite Tower
- 3-9-1 Shibaura
- Tokyo
- 108-0023
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TTDK.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jul 1978 |
| 6762 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jul 1978 |
| TDK | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1978 |
| TTDK.Y | OTCPK (Pink Sheets LLC) | AMERN DEP SH | US | USD | Jan 1980 |
Biography
TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Componen...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 08:01 |
| End of Day Share Price | 2021/03/05 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.