TSE:6961

Stock Analysis Report

Executive Summary

Enplas Corporation provides engineering plastic products, semiconductor peripherals, plastic optical products in Japan and internationally.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6961's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

21.0%

6961

15.0%

JP Electronic

13.5%

JP Market


1 Year Return

-20.0%

6961

-2.8%

JP Electronic

-8.2%

JP Market

Return vs Industry: 6961 underperformed the JP Electronic industry which returned -2.9% over the past year.

Return vs Market: 6961 underperformed the JP Market which returned -8.5% over the past year.


Shareholder returns

6961IndustryMarket
7 Day21.0%15.0%13.5%
30 Day-14.8%-7.8%-7.4%
90 Day-37.2%-18.1%-15.9%
1 Year-19.6%-20.0%-1.9%-2.8%-6.9%-8.2%
3 Year-23.0%-26.1%20.2%15.6%2.8%-3.2%
5 Year-50.3%-54.5%24.4%15.3%6.5%-3.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

9.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6961 (¥2279) is trading below our estimate of fair value (¥2503.41)

Significantly Below Fair Value: 6961 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 6961 is poor value based on its PE Ratio (40.8x) compared to the Electronic industry average (13.7x).

PE vs Market: 6961 is poor value based on its PE Ratio (40.8x) compared to the JP market (12.7x).


Price to Earnings Growth Ratio

PEG Ratio: 6961 is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 6961 is good value based on its PB Ratio (0.5x) compared to the JP Electronic industry average (0.7x).


Next Steps

Future Growth

How is Enplas forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

25.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6961's forecast earnings growth (25.9% per year) is above the savings rate (-0.09%).

Earnings vs Market: 6961's earnings (25.9% per year) are forecast to grow faster than the JP market (9.4% per year).

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

Revenue vs Market: 6961's revenue (4.2% per year) is forecast to grow faster than the JP market (3.4% per year).

High Growth Revenue: 6961's revenue (4.2% 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 6961's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Enplas performed over the past 5 years?

-42.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6961 has high quality earnings.

Growing Profit Margin: 6961's current net profit margins (2.2%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 6961's earnings have declined by -42.1% per year over the past 5 years.

Accelerating Growth: 6961's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6961 had negative earnings growth (-35.7%) over the past year, making it difficult to compare to the Electronic industry average (-9.1%).


Return on Equity

High ROE: 6961's Return on Equity (1.5%) is considered low.


Next Steps

Financial Health

How is Enplas's financial position?


Financial Position Analysis

Short Term Liabilities: 6961's short term assets (¥37.1B) exceed its short term liabilities (¥3.8B).

Long Term Liabilities: 6961's short term assets (¥37.1B) exceed its long term liabilities (¥1.1B).


Debt to Equity History and Analysis

Debt Level: 6961 is debt free.

Reducing Debt: 6961 has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.

Debt Coverage: 6961 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6961 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 6961 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 6961's debt is covered by short term assets.


Next Steps

Dividend

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

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6961's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.65%).

High Dividend: 6961's dividend (1.32%) is low compared to the top 25% of dividend payers in the JP market (3.71%).


Stability and Growth of Payments

Stable Dividend: 6961's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6961's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (53.7%), 6961'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?


CEO

Daisuke Yokota

no data

Tenure

Mr. Daisuke Yokota serves as the President and Director of Enplas Corp. 


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

Enplas Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Enplas Corporation
  • Ticker: 6961
  • Exchange: TSE
  • Founded: 1962
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥28.098b
  • Shares outstanding: 12.33m
  • Website: https://www.enplas.co.jp

Number of Employees


Location

  • Enplas Corporation
  • Shin-Marunouchi Center Building
  • 9th Floor
  • Tokyo
  • 100-0005
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EPKDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
6961TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992

Biography

Enplas Corporation provides engineering plastic products, semiconductor peripherals, plastic optical products in Japan and internationally. It offers mechanical solutions, including gears and fluid control products; semiconductor solutions comprising general-purpose IC sockets; optical solutions, such as optical devices that include lens array for parallel communications and plastic barrels; LED solutions, including controlling LED lights; and life science products comprising microfluidic chips, endotoxin-free products, and other life science-related products. The company was founded in 1962 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 15:39
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.