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Market Cap

JP¥57.8b

Last Updated

2021/05/18 08:22 UTC

Data Sources

Company Financials +

Executive Summary

KOA Corporation develops, manufactures, and sells electronic components in Japan and internationally. More Details


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6999 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6999's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-5.6%

6999

-4.4%

JP Electronic

-3.8%

JP Market


1 Year Return

71.9%

6999

32.7%

JP Electronic

27.6%

JP Market

Return vs Industry: 6999 exceeded the JP Electronic industry which returned 32.7% over the past year.

Return vs Market: 6999 exceeded the JP Market which returned 27.6% over the past year.


Shareholder returns

6999IndustryMarket
7 Day-5.6%-4.4%-3.8%
30 Day-5.5%-4.9%-4.4%
90 Day-3.6%-11.5%-5.0%
1 Year73.6%71.9%34.3%32.7%30.4%27.6%
3 Year-32.6%-35.5%27.7%22.3%10.9%3.2%
5 Year116.8%99.0%111.1%96.2%55.1%37.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

8.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6999 (¥1552) is trading below our estimate of fair value (¥1699.33)

Significantly Below Fair Value: 6999 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 6999 is poor value based on its PE Ratio (28.2x) compared to the JP Electronic industry average (15.5x).

PE vs Market: 6999 is poor value based on its PE Ratio (28.2x) compared to the JP market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: 6999 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: 6999's PB Ratio (0.9x) is in line with the JP Electronic industry average.


Future Growth

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

20.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6999's forecast earnings growth (20.7% per year) is above the savings rate (0%).

Earnings vs Market: 6999's earnings (20.7% per year) are forecast to grow faster than the JP market (13.6% per year).

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

Revenue vs Market: 6999's revenue (7.6% per year) is forecast to grow faster than the JP market (5.2% per year).

High Growth Revenue: 6999's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6999's Return on Equity is forecast to be low in 3 years time (8%).


Past Performance

How has KOA performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6999 has high quality earnings.

Growing Profit Margin: 6999's current net profit margins (4%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 6999's earnings have declined by 18.6% per year over the past 5 years.

Accelerating Growth: 6999's earnings growth over the past year (88.9%) exceeds its 5-year average (-18.6% per year).

Earnings vs Industry: 6999 earnings growth over the past year (88.9%) exceeded the Electronic industry 8%.


Return on Equity

High ROE: 6999's Return on Equity (3.3%) is considered low.


Financial Health

How is KOA's financial position?


Financial Position Analysis

Short Term Liabilities: 6999's short term assets (¥43.6B) exceed its short term liabilities (¥12.4B).

Long Term Liabilities: 6999's short term assets (¥43.6B) exceed its long term liabilities (¥7.4B).


Debt to Equity History and Analysis

Debt Level: 6999's debt to equity ratio (7.2%) is considered satisfactory.

Reducing Debt: 6999's debt to equity ratio has increased from 1.1% to 7.2% over the past 5 years.

Debt Coverage: 6999's debt is well covered by operating cash flow (120.1%).

Interest Coverage: 6999 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6999's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 6999's dividend (0.87%) is low compared to the top 25% of dividend payers in the JP market (2.98%).


Stability and Growth of Payments

Stable Dividend: 6999's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6999's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.5%), 6999'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?

9.9yrs

Average board tenure


CEO

Tadao Hanagata (64 yo)

8.08yrs

Tenure

Mr. Tadao Hanagata has been the President of KOA Corporation since April 1, 2013 and has been its In-charge of KPS-3 Initiative since June 2015. Mr. Hanagata has been an In-charge of Manufacturing Initiati...


Board Members

Experienced Board: 6999's board of directors are considered experienced (9.9 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

KOA Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KOA Corporation
  • Ticker: 6999
  • Exchange: TSE
  • Founded: 1940
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥57.802b
  • Shares outstanding: 36.93m
  • Website: https://www.koaglobal.com

Number of Employees


Location

  • KOA Corporation
  • Earth Wing
  • Minowa-machi
  • Nagano
  • Nagano
  • Japan

Listings


Biography

KOA Corporation develops, manufactures, and sells electronic components in Japan and internationally. The company offers thermistors, thermal sensors, inductors, fuses, varistors, LTCC substrates, hybrid I...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 08:22
End of Day Share Price2021/05/18 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.