Executive Summary
Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-7.1%
6976
-3.3%
JP Electronic
-4.6%
JP Market
1 Year Return
7.6%
6976
-10.7%
JP Electronic
-15.7%
JP Market
Return vs Industry: 6976 exceeded the JP Electronic industry which returned -10.7% over the past year.
Return vs Market: 6976 exceeded the JP Market which returned -15.7% over the past year.
Shareholder returns
| 6976 | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.1% | -3.3% | -4.6% |
| 30 Day | -16.5% | -9.5% | -11.2% |
| 90 Day | -22.5% | -22.0% | -21.0% |
| 1 Year | 8.6%7.6% | -9.2%-10.7% | -13.5%-15.7% |
| 3 Year | 106.7%100.6% | 16.5%11.1% | -2.3%-9.2% |
| 5 Year | 51.2%42.5% | 17.5%8.0% | -1.1%-11.8% |
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?
9.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6976 (¥2600) is trading below our estimate of fair value (¥2870.52)
Significantly Below Fair Value: 6976 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 6976 is poor value based on its PE Ratio (13.9x) compared to the Electronic industry average (12.4x).
PE vs Market: 6976 is poor value based on its PE Ratio (13.9x) compared to the JP market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: 6976 is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 6976 is overvalued based on its PB Ratio (1.5x) compared to the JP Electronic industry average (0.7x).
Next Steps
Future Growth
How is Taiyo Yuden forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
11.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6976's forecast earnings growth (11% per year) is above the savings rate (-0.09%).
Earnings vs Market: 6976's earnings (11% per year) are forecast to grow faster than the JP market (9.1% per year).
High Growth Earnings: 6976's earnings are forecast to grow, but not significantly.
Revenue vs Market: 6976's revenue (6.6% per year) is forecast to grow faster than the JP market (3.3% per year).
High Growth Revenue: 6976's revenue (6.6% 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 (11.3%).
Next Steps
Past Performance
How has Taiyo Yuden performed over the past 5 years?
18.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6976 has high quality earnings.
Growing Profit Margin: 6976's current net profit margins (8.4%) are lower than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: 6976's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: 6976's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6976 had negative earnings growth (-0.4%) over the past year, making it difficult to compare to the Electronic industry average (-10.9%).
Return on Equity
High ROE: 6976's Return on Equity (10.9%) is considered low.
Next Steps
Financial Health
How is Taiyo Yuden's financial position?
Financial Position Analysis
Short Term Liabilities: 6976's short term assets (¥192.3B) exceed its short term liabilities (¥83.5B).
Long Term Liabilities: 6976's short term assets (¥192.3B) exceed its long term liabilities (¥48.2B).
Debt to Equity History and Analysis
Debt Level: 6976's debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: 6976's debt to equity ratio has reduced from 42.3% to 26.6% over the past 5 years.
Debt Coverage: 6976's debt is well covered by operating cash flow (88%).
Interest Coverage: 6976 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 6976 has a high level of physical assets or inventory.
Debt Coverage by Assets: 6976's debt is covered by short term assets (assets are 3.3x debt).
Next Steps
Dividend
What is Taiyo Yuden's current dividend yield, its reliability and sustainability?
0.85%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6976's dividend (0.85%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.73%).
High Dividend: 6976's dividend (0.85%) is low compared to the top 25% of dividend payers in the JP market (4%).
Stability and Growth of Payments
Stable Dividend: 6976 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.
Growing Dividend: 6976 is not paying a notable dividend for the JP market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 6976 is not paying a notable dividend for the JP market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 6976's dividend in 3 years as they are not forecast to pay a notable one for the JP market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Shoichi Tosaka (64yo)
4.42s
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.42yrs | no data | 0.011% ¥35.6m | |
| General Manager of Accounting Department | no data | no data | no data | |
| Director | 1.25yrs | no data | 0.0018% ¥5.7m | |
| Senior Executive Operating Officer & Director | 6.83yrs | no data | 0.0037% ¥12.0m | |
| Executive Operating Officer & Director | 8.83yrs | no data | 0.0045% ¥14.8m | |
| Senior Operating Officer | 1.25yrs | no data | no data | |
| Senior Executive Operating Officer & Director | 3.83yrs | no data | 0.0035% ¥11.5m | |
| Senior Operating Officer | 1.25yrs | no data | no data | |
| Senior Operating Officer | 1.25yrs | no data | no data |
2.5yrs
Average Tenure
62yo
Average Age
Experienced Management: 6976's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.42yrs | no data | 0.011% ¥35.6m | |
| Director | 1.25yrs | no data | 0.0018% ¥5.7m | |
| Senior Executive Operating Officer & Director | 6.83yrs | no data | 0.0037% ¥12.0m | |
| Executive Operating Officer & Director | 8.83yrs | no data | 0.0045% ¥14.8m | |
| Senior Executive Operating Officer & Director | 3.83yrs | no data | 0.0035% ¥11.5m | |
| Audit & Supervisory Board Member | 3.83yrs | no data | 0.014% ¥47.1m | |
| Audit & Supervisory Board Member | 1.25yrs | no data | 0.023% ¥76.2m | |
| Outside Independent Director | 3.83yrs | no data | no data | |
| Outside Independent Director | 1.83yrs | no data | no data | |
| Outside Director | 0.83yr | no data | 0.00080% ¥2.6m |
3.8yrs
Average Tenure
62.5yo
Average Age
Experienced Board: 6976's board of directors are considered experienced (3.8 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 been diluted in the past year, with total shares outstanding growing by 3.5%.
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¥326.309b
- Shares outstanding: 125.50m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 6976 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jan 1992 |
| TYC1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| TYOY.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Nov 1992 |
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 products, such as inductors used in electronic equipment power and high-frequency circuits; integrated modules and devices, including film bulk acoustic resonator/surface acoustic wave devices for mobile communications and power supply modules; and other electronic components, such as energy devices used as backup power equipment for smart meters and other similar products, as well as peak current assistance for LED flashes. The company also provides noise suppression parts, such as bead inductors, common-mode choke coils, multilayer EMI suppression filters, and ring varistors; chip antennas; balun transformers; wireless modules; and aluminum electrolytic capacitors. Taiyo Yuden Co., Ltd. was founded in 1950 and is headquartered in Tokyo, Japan.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 16:33 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.