Executive Summary
Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide. More Details
Rewards
Risk Analysis
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
| 6976 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 3.0% | 1.3% |
| 30 Day | -9.1% | -3.1% | -0.06% |
| 90 Day | 11.5% | 5.8% | 7.3% |
| 1 Year | 86.4%84.6% | 46.2%43.9% | 31.7%28.5% |
| 3 Year | 187.5%179.5% | 39.7%33.2% | 18.1%9.9% |
| 5 Year | 356.4%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.33yrs | no data | 0.011% ¥ 75.3m | |
| General Manager of Accounting Department | no data | no data | no data | |
| Director | 1.75yrs | no data | 0.0018% ¥ 12.3m | |
| Executive Vice President & Director | 7.75yrs | no data | 0.0037% ¥ 25.1m | |
| Senior Operating Officer | 1.17yrs | no data | no data | |
| Executive Operating Officer & Director | 9.75yrs | no data | 0.0047% ¥ 31.5m | |
| Senior Operating Officer | 2.17yrs | no data | no data | |
| Senior Executive Operating Officer & Director | 4.75yrs | no data | 0.0036% ¥ 24.1m | |
| Senior Operating Officer | 2.17yrs | no data | no data | |
| Senior Operating Officer | 2.17yrs | no data | no data | |
| Executive Operating Officer | no data | no data | no data |
2.2yrs
Average Tenure
63yo
Average Age
Experienced Management: 6976's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.33yrs | no data | 0.011% ¥ 75.3m | |
| Director | 1.75yrs | no data | 0.0018% ¥ 12.3m | |
| Executive Vice President & Director | 7.75yrs | no data | 0.0037% ¥ 25.1m | |
| Executive Operating Officer & Director | 9.75yrs | no data | 0.0047% ¥ 31.5m | |
| Senior Executive Operating Officer & Director | 4.75yrs | no data | 0.0036% ¥ 24.1m | |
| Outside Independent Audit & Supervisory Board Member | 4.75yrs | no data | no data | |
| Audit & Supervisory Board Member | 1.75yrs | no data | 0.034% ¥ 228.0m | |
| Audit & Supervisory Board Member | 0.75yr | no data | 0.0046% ¥ 31.0m | |
| Outside Independent Director | 4.75yrs | no data | no data | |
| Outside Independent Director | 2.75yrs | no data | no data | |
| Outside Independent Director | 1.75yrs | no data | 0.00080% ¥ 5.4m | |
| Outside | 1.75yrs | no data | no 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
| 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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 08:10 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/03/31 |
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.