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Pulstec Industrial

Market Cap

JP¥2.4b

Last Updated

2021/05/10 08:30 UTC

Data Sources

Company Financials

Executive Summary

Pulstec Industrial Co., Ltd. manufactures and sells electronic applied equipment and systems in China, Japan, South Korea, Taiwan, Thailand, Europe, the United States, and internationally. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6894 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 6894's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.6%

6894

0.9%

JP Electronic

1.6%

JP Market


1 Year Return

-1.1%

6894

35.7%

JP Electronic

31.3%

JP Market

Return vs Industry: 6894 underperformed the JP Electronic industry which returned 35.7% over the past year.

Return vs Market: 6894 underperformed the JP Market which returned 31.3% over the past year.


Shareholder returns

6894IndustryMarket
7 Day1.6%0.9%1.6%
30 Day0.4%-2.2%-1.4%
90 Day-4.4%-5.6%0.1%
1 Year1.5%-1.1%37.3%35.7%34.2%31.3%
3 Year13.2%1.3%34.7%29.0%15.0%7.1%
5 Year30.5%14.7%124.8%109.0%61.1%43.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6894 (¥1778) is trading below our estimate of fair value (¥7239.92)

Significantly Below Fair Value: 6894 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6894 is poor value based on its PE Ratio (27.3x) compared to the JP Electronic industry average (16.2x).

PE vs Market: 6894 is poor value based on its PE Ratio (27.3x) compared to the JP market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6894's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6894's PB Ratio (0.9x) is in line with the JP Electronic industry average.


Future Growth

How is Pulstec Industrial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.9%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pulstec Industrial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Pulstec Industrial performed over the past 5 years?

-6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6894 has high quality earnings.

Growing Profit Margin: 6894's current net profit margins (4%) are lower than last year (14.6%).


Past Earnings Growth Analysis

Earnings Trend: 6894's earnings have declined by 6.4% per year over the past 5 years.

Accelerating Growth: 6894's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6894 had negative earnings growth (-73.9%) over the past year, making it difficult to compare to the Electronic industry average (1.9%).


Return on Equity

High ROE: 6894's Return on Equity (3.2%) is considered low.


Financial Health

How is Pulstec Industrial's financial position?


Financial Position Analysis

Short Term Liabilities: 6894's short term assets (¥3.0B) exceed its short term liabilities (¥631.0M).

Long Term Liabilities: 6894's short term assets (¥3.0B) exceed its long term liabilities (¥627.0M).


Debt to Equity History and Analysis

Debt Level: 6894's debt to equity ratio (6.6%) is considered satisfactory.

Reducing Debt: 6894's debt to equity ratio has reduced from 17.1% to 6.6% over the past 5 years.

Debt Coverage: 6894's debt is well covered by operating cash flow (317.1%).

Interest Coverage: 6894 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Pulstec Industrial current dividend yield, its reliability and sustainability?

2.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6894's dividend (2.53%) is higher than the bottom 25% of dividend payers in the JP market (1.24%).

High Dividend: 6894's dividend (2.53%) is low compared to the top 25% of dividend payers in the JP market (2.83%).


Stability and Growth of Payments

Stable Dividend: 6894 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6894 has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (84.5%), 6894's payments are 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?

9.4yrs

Average management tenure


CEO

Yukihiro Suzuki (62 yo)

9.42yrs

Tenure

Mr. Yukihiro Suzuki has been the President of Pulstec USA Inc., since July 2009. Mr. Suzuki has been the President of Pulstec Industrial Co., Ltd. since December 2011 and serves as Chief Executive Officer....


Leadership Team

Experienced Management: 6894's management team is seasoned and experienced (9.4 years average tenure).


Board Members

Experienced Board: 6894's board of directors are considered experienced (6.9 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

Pulstec Industrial Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pulstec Industrial Co., Ltd.
  • Ticker: 6894
  • Exchange: TSE
  • Founded: 1969
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: JP¥2.402b
  • Shares outstanding: 1.37m
  • Website: https://www.pulstec.co.jp

Number of Employees


Location

  • Pulstec Industrial Co., Ltd.
  • 7000-35, Nakagawa
  • Hosoe-cho
  • Hamamatsu
  • Shizuoka
  • 431-1304
  • Japan

Listings


Biography

Pulstec Industrial Co., Ltd. manufactures and sells electronic applied equipment and systems in China, Japan, South Korea, Taiwan, Thailand, Europe, the United States, and internationally. It offers µ-X360...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 08:30
End of Day Share Price2021/05/10 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.