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Iriso Electronics

Market Cap

JP¥127.5b

Last Updated

2021/05/10 08:14 UTC

Data Sources

Company Financials +

Executive Summary

Iriso Electronics Co., Ltd. develops, manufactures, and sells connectors. More Details

Rewards

Earnings are forecast to grow 30.64% per year

Risk Analysis

No risks detected for 6908 from our risk checks.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6908 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6908's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

3.9%

6908

0.9%

JP Electronic

1.6%

JP Market


1 Year Return

60.1%

6908

35.7%

JP Electronic

31.3%

JP Market

Return vs Industry: 6908 exceeded the JP Electronic industry which returned 35.7% over the past year.

Return vs Market: 6908 exceeded the JP Market which returned 31.3% over the past year.


Shareholder returns

6908IndustryMarket
7 Day3.9%0.9%1.6%
30 Day4.5%-2.2%-1.4%
90 Day1.9%-5.6%0.1%
1 Year61.6%60.1%37.3%35.7%34.2%31.3%
3 Year-20.1%-23.0%34.7%29.0%15.0%7.1%
5 Year93.6%83.0%124.8%109.0%61.1%43.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

77.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6908 (¥5370) is trading above our estimate of fair value (¥5068.56)

Significantly Below Fair Value: 6908 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6908 is poor value based on its PE Ratio (77.1x) compared to the JP Electronic industry average (16.2x).

PE vs Market: 6908 is poor value based on its PE Ratio (77.1x) compared to the JP market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: 6908 is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: 6908 is overvalued based on its PB Ratio (2.5x) compared to the JP Electronic industry average (1x).


Future Growth

How is Iriso Electronics forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

30.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6908's forecast earnings growth (30.6% per year) is above the savings rate (0%).

Earnings vs Market: 6908's earnings (30.6% per year) are forecast to grow faster than the JP market (15% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6908's revenue (10.3% per year) is forecast to grow faster than the JP market (5.5% per year).

High Growth Revenue: 6908's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6908's Return on Equity is forecast to be low in 3 years time (9.4%).


Past Performance

How has Iriso Electronics performed over the past 5 years?

-13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6908 has high quality earnings.

Growing Profit Margin: 6908's current net profit margins (4.6%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: 6908's earnings have declined by 13.8% per year over the past 5 years.

Accelerating Growth: 6908's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6908 had negative earnings growth (-37.1%) over the past year, making it difficult to compare to the Electronic industry average (1.9%).


Return on Equity

High ROE: 6908's Return on Equity (3.3%) is considered low.


Financial Health

How is Iriso Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 6908's short term assets (¥32.4B) exceed its short term liabilities (¥7.2B).

Long Term Liabilities: 6908's short term assets (¥32.4B) exceed its long term liabilities (¥1.3B).


Debt to Equity History and Analysis

Debt Level: 6908's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: 6908's debt to equity ratio has reduced from 1.7% to 0.8% over the past 5 years.

Debt Coverage: 6908's debt is well covered by operating cash flow (1699.8%).

Interest Coverage: 6908 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Iriso Electronics's current dividend yield, its reliability and sustainability?

0.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6908's dividend (0.93%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.24%).

High Dividend: 6908's dividend (0.93%) is low compared to the top 25% of dividend payers in the JP market (2.83%).


Stability and Growth of Payments

Stable Dividend: 6908's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6908's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.8%), 6908's dividend 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?

1.3yrs

Average management tenure


CEO

Hitoshi Suzuki (54 yo)

0.33

Tenure

Mr. Hitoshi Suzuki has been President and Chief Executive Officer at Iriso Electronics Co., Ltd. Mr. Suzuki had been a General Manager of Technology Department and Director at Iriso Electronics Co. Ltd sin...


Leadership Team

Experienced Management: 6908's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: 6908's board of directors are seasoned and experienced ( 10 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

Iriso Electronics Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Iriso Electronics Co., Ltd.
  • Ticker: 6908
  • Exchange: TSE
  • Founded: 1966
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥127.496b
  • Shares outstanding: 23.57m
  • Website: https://www.iriso.co.jp

Number of Employees


Location

  • Iriso Electronics Co., Ltd.
  • 2-13-8, Shinyokohama
  • Kohoku-ku
  • Yokohama
  • Kanagawa
  • 222-0033
  • Japan

Listings


Biography

Iriso Electronics Co., Ltd. develops, manufactures, and sells connectors. The company offers board to board, FPC/FFC, socket, pin header, input/output, and card edge connectors, as well as compression term...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 08:14
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.