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Market Cap

JP¥21.3b

Last Updated

2021/05/09 08:30 UTC

Data Sources

Company Financials +

Executive Summary

Daishinku Corp. manufactures and sells electronic components and equipment in Japan and internationally. More Details


Snowflake Analysis

Good value with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6962 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6962's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.


Market Performance


7 Day Return

9.0%

6962

0.9%

JP Electronic

1.6%

JP Market


1 Year Return

46.3%

6962

35.8%

JP Electronic

31.6%

JP Market

Return vs Industry: 6962 exceeded the JP Electronic industry which returned 35.8% over the past year.

Return vs Market: 6962 exceeded the JP Market which returned 31.6% over the past year.


Shareholder returns

6962IndustryMarket
7 Day9.0%0.9%1.6%
30 Day3.7%-1.7%-1.1%
90 Day9.7%-4.5%1.7%
1 Year48.5%46.3%37.4%35.8%34.5%31.6%
3 Year101.6%93.3%34.6%28.9%15.1%7.2%
5 Year133.4%116.4%124.7%108.9%61.1%43.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

15.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6962 (¥2640) is trading above our estimate of fair value (¥1241.57)

Significantly Below Fair Value: 6962 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6962 is good value based on its PE Ratio (15.3x) compared to the JP Electronic industry average (16.2x).

PE vs Market: 6962 is good value based on its PE Ratio (15.3x) compared to the JP market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: 6962 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 6962 is good value based on its PB Ratio (0.8x) compared to the JP Electronic industry average (1x).


Future Growth

How is Daishinku forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

25.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6962's forecast earnings growth (25.4% per year) is above the savings rate (0%).

Earnings vs Market: 6962's earnings (25.4% per year) are forecast to grow faster than the JP market (15.1% per year).

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

Revenue vs Market: 6962's revenue (8.1% per year) is forecast to grow faster than the JP market (5.5% per year).

High Growth Revenue: 6962's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6962's Return on Equity is forecast to be low in 3 years time (5.9%).


Past Performance

How has Daishinku performed over the past 5 years?

27.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6962 has a large one-off gain of ¥479.0M impacting its December 31 2020 financial results.

Growing Profit Margin: 6962 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 6962 has become profitable over the past 5 years, growing earnings by 27.8% per year.

Accelerating Growth: 6962 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 6962 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (1.9%).


Return on Equity

High ROE: 6962's Return on Equity (5.7%) is considered low.


Financial Health

How is Daishinku's financial position?


Financial Position Analysis

Short Term Liabilities: 6962's short term assets (¥37.7B) exceed its short term liabilities (¥17.7B).

Long Term Liabilities: 6962's short term assets (¥37.7B) exceed its long term liabilities (¥15.6B).


Debt to Equity History and Analysis

Debt Level: 6962's debt to equity ratio (77.1%) is considered high.

Reducing Debt: 6962's debt to equity ratio has increased from 64.7% to 77.1% over the past 5 years.

Debt Coverage: 6962's debt is not well covered by operating cash flow (3.5%).

Interest Coverage: 6962's interest payments on its debt are well covered by EBIT (45.5x coverage).


Balance Sheet


Dividend

What is Daishinku current dividend yield, its reliability and sustainability?

0.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6962's dividend (0.76%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.24%).

High Dividend: 6962's dividend (0.76%) is low compared to the top 25% of dividend payers in the JP market (2.83%).


Stability and Growth of Payments

Stable Dividend: 6962's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6962's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.7%), 6962's dividend payments are thoroughly 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?

8.3yrs

Average management tenure


CEO

Sohei Hasegawa (67 yo)

20.5yrs

Tenure

Mr. Sohei Hasegawa has been the President at Daishinku Corp. since November 2000. Mr. Hasegawa joined Daishinku Corp. in April 1977 and served as its General Manager of Computer Division since April 1989; ...


Leadership Team

Experienced Management: 6962's management team is seasoned and experienced (8.3 years average tenure).


Board Members

Experienced Board: 6962's board of directors are considered experienced (4.8 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

Daishinku Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Daishinku Corp.
  • Ticker: 6962
  • Exchange: TSE
  • Founded: 1959
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥21.308b
  • Shares outstanding: 8.07m
  • Website: https://www.kds.info

Number of Employees


Location

  • Daishinku Corp.
  • 1389 Shinzaike
  • Hiraoka-cho
  • Kakogawa
  • Hyogo
  • 675-0194
  • Japan

Listings


Biography

Daishinku Corp. manufactures and sells electronic components and equipment in Japan and internationally. The company offers crystal resonators, crystal and MEMS oscillators, monolithic crystal filters, opt...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 08:30
End of Day Share Price2021/05/07 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.