Executive Summary
Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide. More Details
Rewards
Risk Analysis
No risks detected for 6976 from our risk checks.
Snowflake Analysis
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has Taiyo Yuden's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6976 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 6976's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
8.1%
6976
2.9%
JP Electronic
-0.4%
JP Market
1 Year Return
68.9%
6976
28.0%
JP Electronic
21.8%
JP Market
Return vs Industry: 6976 exceeded the JP Electronic industry which returned 28% over the past year.
Return vs Market: 6976 exceeded the JP Market which returned 21.8% over the past year.
Shareholder returns
| 6976 | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.1% | 2.9% | -0.4% |
| 30 Day | 14.2% | 6.0% | 2.6% |
| 90 Day | 1.6% | -0.1% | -2.8% |
| 1 Year | 70.4%68.9% | 29.5%28.0% | 24.4%21.8% |
| 3 Year | 96.7%91.4% | 39.6%33.8% | 19.4%11.3% |
| 5 Year | 552.0%516.3% | 150.0%132.6% | 79.6%59.9% |
Long-Term Price Volatility Vs. Market
How volatile is Taiyo Yuden's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Taiyo Yuden undervalued compared to its fair value and its price relative to the market?
24.52x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 6976 (¥5590) is trading above our estimate of fair value (¥5338.07)
Significantly Below Fair Value: 6976 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6976 is poor value based on its PE Ratio (24.5x) compared to the JP Electronic industry average (16.9x).
PE vs Market: 6976 is poor value based on its PE Ratio (24.5x) compared to the JP market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: 6976 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: 6976 is overvalued based on its PB Ratio (2.9x) compared to the JP Electronic industry average (1x).
Future Growth
How is Taiyo Yuden forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
14.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6976's forecast earnings growth (14.2% per year) is above the savings rate (0%).
Earnings vs Market: 6976's earnings (14.2% per year) are forecast to grow faster than the JP market (12.8% per year).
High Growth Earnings: 6976's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6976's revenue (7.5% per year) is forecast to grow faster than the JP market (5.2% per year).
High Growth Revenue: 6976's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6976's Return on Equity is forecast to be low in 3 years time (14.7%).
Past Performance
How has Taiyo Yuden performed over the past 5 years?
18.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6976 has high quality earnings.
Growing Profit Margin: 6976's current net profit margins (9.5%) are higher than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: 6976's earnings have grown by 18.2% per year over the past 5 years.
Accelerating Growth: 6976's earnings growth over the past year (58.8%) exceeds its 5-year average (18.2% per year).
Earnings vs Industry: 6976 earnings growth over the past year (58.8%) exceeded the Electronic industry 10.1%.
Return on Equity
High ROE: 6976's Return on Equity (11.7%) is considered low.
Financial Health
How is Taiyo Yuden's financial position?
Financial Position Analysis
Short Term Liabilities: 6976's short term assets (¥237.6B) exceed its short term liabilities (¥102.5B).
Long Term Liabilities: 6976's short term assets (¥237.6B) exceed its long term liabilities (¥58.2B).
Debt to Equity History and Analysis
Debt Level: 6976's debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: 6976's debt to equity ratio has reduced from 34.8% to 30.2% over the past 5 years.
Debt Coverage: 6976's debt is well covered by operating cash flow (71.7%).
Interest Coverage: 6976's interest payments on its debt are well covered by EBIT (205.5x coverage).
Balance Sheet
Dividend
What is Taiyo Yuden current dividend yield, its reliability and sustainability?
1.07%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6976's dividend (1.07%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.32%).
High Dividend: 6976's dividend (1.07%) is low compared to the top 25% of dividend payers in the JP market (3.01%).
Stability and Growth of Payments
Stable Dividend: 6976's dividend payments have been volatile in the past 10 years.
Growing Dividend: 6976's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.5%), 6976'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?
2.4yrs
Average management tenure
CEO
Shoichi Tosaka (65 yo)
5.58yrs
Tenure
Mr. Shoichi Tosaka has been Chief Executive Officer and President at Taiyo Yuden Co., Ltd., since November 04, 2015. Mr. Tosaka joined Taiyo Yuden Co., Ltd. in 1979, and was mainly engaged in materials dev...
Leadership Team
Experienced Management: 6976's management team is considered experienced (2.4 years average tenure).
Board Members
Experienced Board: 6976'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
Taiyo Yuden Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Taiyo Yuden Co., Ltd.
- Ticker: 6976
- Exchange: TSE
- Founded: 1950
- Industry: Electronic Components
- Sector: Tech
- Market Cap: JP¥701.637b
- Shares outstanding: 125.52m
- Website: https://www.ty-top.com
Number of Employees
Location
- Taiyo Yuden Co., Ltd.
- Kyobashi East Building
- 2-7-19, Kyobashi
- Tokyo
- 104-0031
- Japan
Listings
Biography
Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide. It offers multilayer ceramic capacitors for use in smartphones, automobiles, and other devices; ferrite and applied ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/20 08:30 |
| End of Day Share Price | 2021/06/18 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.