TSE:6976

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Executive Summary

Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide. More Details


Snowflake Analysis

Flawless balance sheet with reasonable 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 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6976'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

-1.1%

6976

3.0%

JP Electronic

1.3%

JP Market


1 Year Return

84.6%

6976

43.9%

JP Electronic

28.5%

JP Market

Return vs Industry: 6976 exceeded the JP Electronic industry which returned 43.9% over the past year.

Return vs Market: 6976 exceeded the JP Market which returned 28.5% over the past year.


Shareholder returns

6976IndustryMarket
7 Day-1.1%3.0%1.3%
30 Day-9.1%-3.1%-0.06%
90 Day11.5%5.8%7.3%
1 Year86.4%84.6%46.2%43.9%31.7%28.5%
3 Year187.5%179.5%39.7%33.2%18.1%9.9%
5 Year356.4%329.7%122.4%104.9%55.7%38.4%

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?

37.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6976 (¥5290) is trading above our estimate of fair value (¥4101.69)

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 (37.2x) compared to the JP Electronic industry average (16.6x).

PE vs Market: 6976 is poor value based on its PE Ratio (37.2x) compared to the JP market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: 6976 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 6976 is overvalued based on its PB Ratio (2.9x) compared to the JP Electronic industry average (0.9x).


Next Steps

Future Growth

How is Taiyo Yuden forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

20.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6976's forecast earnings growth (20.2% per year) is above the savings rate (0%).

Earnings vs Market: 6976's earnings (20.2% per year) are forecast to grow faster than the JP market (17.4% per year).

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

Revenue vs Market: 6976's revenue (8.1% per year) is forecast to grow faster than the JP market (5.7% per year).

High Growth Revenue: 6976'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: 6976's Return on Equity is forecast to be low in 3 years time (16%).


Next Steps

Past Performance

How has Taiyo Yuden performed over the past 5 years?

13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6976 has a large one-off loss of ¥11.4B impacting its December 31 2020 financial results.

Growing Profit Margin: 6976's current net profit margins (6.2%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: 6976's earnings have grown by 13.7% 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 (-24.3%) over the past year, making it difficult to compare to the Electronic industry average (-5.3%).


Return on Equity

High ROE: 6976's Return on Equity (7.8%) 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 (¥221.0B) exceed its short term liabilities (¥83.8B).

Long Term Liabilities: 6976's short term assets (¥221.0B) exceed its long term liabilities (¥69.1B).


Debt to Equity History and Analysis

Debt Level: 6976's debt to equity ratio (32.5%) is considered satisfactory.

Reducing Debt: 6976's debt to equity ratio has reduced from 37.5% to 32.5% over the past 5 years.

Debt Coverage: 6976's debt is well covered by operating cash flow (65.9%).

Interest Coverage: 6976's interest payments on its debt are well covered by EBIT (213.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Taiyo Yuden current dividend yield, its reliability and sustainability?

0.57%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 6976's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.25%).

High Dividend: 6976's dividend (0.57%) is low compared to the top 25% of dividend payers in the JP market (2.88%).


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?

2.2yrs

Average management tenure


CEO

Shoichi Tosaka (65 yo)

5.33yrs

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

NamePositionTenureCompensationOwnership
Shoichi Tosaka
President5.33yrsno data0.011%
¥ 75.3m
Koshi Anai
General Manager of Accounting Departmentno datano datano data
Kazuya Umezawa
Director1.75yrsno data0.0018%
¥ 12.3m
Shinji Masuyama
Executive Vice President & Director7.75yrsno data0.0037%
¥ 25.1m
Hirokazu Chazono
Senior Operating Officer1.17yrsno datano data
Osamu Takahashi
Executive Operating Officer & Director9.75yrsno data0.0047%
¥ 31.5m
Mitsuo Takagi
Senior Operating Officer2.17yrsno datano data
Katsuya Sase
Senior Executive Operating Officer & Director4.75yrsno data0.0036%
¥ 24.1m
Tomomitsu Fukuda
Senior Operating Officer2.17yrsno datano data
Susumu Higuchi
Senior Operating Officer2.17yrsno datano data
Toshimitsu Honda
Executive Operating Officerno datano datano data

2.2yrs

Average Tenure

63yo

Average Age

Experienced Management: 6976's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shoichi Tosaka
President5.33yrsno data0.011%
¥ 75.3m
Kazuya Umezawa
Director1.75yrsno data0.0018%
¥ 12.3m
Shinji Masuyama
Executive Vice President & Director7.75yrsno data0.0037%
¥ 25.1m
Osamu Takahashi
Executive Operating Officer & Director9.75yrsno data0.0047%
¥ 31.5m
Katsuya Sase
Senior Executive Operating Officer & Director4.75yrsno data0.0036%
¥ 24.1m
Hajime Yoshitake
Outside Independent Audit & Supervisory Board Member4.75yrsno datano data
Toshio Mishuku
Audit & Supervisory Board Member1.75yrsno data0.034%
¥ 228.0m
Kazuyuki Oshima
Audit & Supervisory Board Member0.75yrno data0.0046%
¥ 31.0m
Masashi Hiraiwa
Outside Independent Director4.75yrsno datano data
Seiichi Koike
Outside Independent Director2.75yrsno datano data
Emiko Hamada
Outside Independent Director1.75yrsno data0.00080%
¥ 5.4m
Tomomi Fujita
Outside1.75yrsno datano data

3.8yrs

Average Tenure

63yo

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 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¥670.261b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6976TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
TYC1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
TYOY.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 08:10
End of Day Share Price2021/03/08 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.