Executive Summary
Hioki E.E. Corporation, together with its subsidiaries, develops, manufactures, sells, and services electrical measuring instruments worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Share Price & News
How has Hioki E.E's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6866 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 6866's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-4.1%
6866
-7.2%
JP Electronic
-3.2%
JP Market
1 Year Return
13.2%
6866
37.3%
JP Electronic
24.1%
JP Market
Return vs Industry: 6866 underperformed the JP Electronic industry which returned 37.3% over the past year.
Return vs Market: 6866 underperformed the JP Market which returned 24.1% over the past year.
Shareholder returns
| 6866 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -7.2% | -3.2% |
| 30 Day | -13.0% | -9.3% | 0.2% |
| 90 Day | -9.1% | 1.1% | 4.5% |
| 1 Year | 15.0%13.2% | 39.5%37.3% | 27.2%24.1% |
| 3 Year | 10.5%3.8% | 37.6%31.3% | 17.2%9.1% |
| 5 Year | 73.3%56.1% | 112.7%96.1% | 52.7%35.8% |
Long-Term Price Volatility Vs. Market
How volatile is Hioki E.E's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Hioki E.E undervalued compared to its fair value and its price relative to the market?
9.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6866 (¥3655) is trading below our estimate of fair value (¥4041.01)
Significantly Below Fair Value: 6866 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 6866 is poor value based on its PE Ratio (24.1x) compared to the JP Electronic industry average (16.7x).
PE vs Market: 6866 is poor value based on its PE Ratio (24.1x) compared to the JP market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: 6866 is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 6866 is overvalued based on its PB Ratio (1.9x) compared to the JP Electronic industry average (0.9x).
Next Steps
Future Growth
How is Hioki E.E forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
18.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6866's forecast earnings growth (18.5% per year) is above the savings rate (0%).
Earnings vs Market: 6866's earnings (18.5% per year) are forecast to grow faster than the JP market (17.5% per year).
High Growth Earnings: 6866's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6866's revenue (7.9% per year) is forecast to grow faster than the JP market (5.7% per year).
High Growth Revenue: 6866's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 6866's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Hioki E.E performed over the past 5 years?
6.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6866 has high quality earnings.
Growing Profit Margin: 6866's current net profit margins (9.6%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: 6866's earnings have grown by 6.4% per year over the past 5 years.
Accelerating Growth: 6866's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6866 had negative earnings growth (-5.7%) over the past year, making it difficult to compare to the Electronic industry average (-5.3%).
Return on Equity
High ROE: 6866's Return on Equity (8%) is considered low.
Next Steps
Financial Health
How is Hioki E.E's financial position?
Financial Position Analysis
Short Term Liabilities: 6866's short term assets (¥18.3B) exceed its short term liabilities (¥3.0B).
Long Term Liabilities: 6866's short term assets (¥18.3B) exceed its long term liabilities (¥1.4B).
Debt to Equity History and Analysis
Debt Level: 6866 is debt free.
Reducing Debt: 6866 has not had any debt for past 5 years.
Debt Coverage: 6866 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 6866 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Hioki E.E current dividend yield, its reliability and sustainability?
1.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6866's dividend (1.92%) is higher than the bottom 25% of dividend payers in the JP market (1.26%).
High Dividend: 6866's dividend (1.92%) is low compared to the top 25% of dividend payers in the JP market (2.91%).
Stability and Growth of Payments
Stable Dividend: 6866's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6866's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.5%), 6866'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?
4.0yrs
Average board tenure
CEO
Takahiro Okazawa (52 yo)
no data
Tenure
Mr. Takahiro Okazawa serves as President at Hioki E.E. Corporation and served as its Chief Executive Officer until January 2021. Mr. Okazawa served as Senior Managing Executive Officer of Sales and Service...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Director | no data | no data | 0.14% ¥ 69.4m | |
| CFO, MD | no data | no data | 0.14% ¥ 69.4m | |
| CTO, Executive Officer & Director | 3yrs | no data | 0.029% ¥ 14.6m | |
| Director | 4yrs | no data | 0.16% ¥ 80.4m | |
| Independent Outside Director | 5.33yrs | no data | 0.0073% ¥ 3.7m | |
| Director | no data | no data | 0.31% ¥ 153.5m | |
| Outside Corporate Auditor | 4.83yrs | no data | no data | |
| Corporate Auditor | 3yrs | no data | 0.044% ¥ 21.9m | |
| Outside Corporate Auditor | no data | no data | no data | |
| Corporate Auditor | 5.33yrs | no data | no data | |
| Independent Outside Director | 4yrs | no data | no data |
4.0yrs
Average Tenure
64yo
Average Age
Experienced Board: 6866's board of directors are considered experienced (4 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
Hioki E.E. Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hioki E.E. Corporation
- Ticker: 6866
- Exchange: TSE
- Founded: 1935
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: JP¥49.848b
- Shares outstanding: 13.64m
- Website: https://www.hioki.co.jp
Number of Employees
Location
- Hioki E.E. Corporation
- 81 Koizumi
- Ueda
- Nagano
- 386-1192
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 6866 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jul 1992 |
Biography
Hioki E.E. Corporation, together with its subsidiaries, develops, manufactures, sells, and services electrical measuring instruments worldwide. The company offers automatic test equipment for testing of el...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 08:16 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.