Executive Summary
KOA Corporation develops, manufactures, and sells electronic components in Japan and internationally. More Details
Rewards
Risk Analysis
No risks detected for 6999 from our risk checks.
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
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 +/- 6% a week.
Volatility Over Time: 6999's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-6.4%
6999
-2.6%
JP Electronic
-0.8%
JP Market
1 Year Return
35.6%
6999
37.7%
JP Electronic
22.9%
JP Market
Return vs Industry: 6999 underperformed the JP Electronic industry which returned 37.7% over the past year.
Return vs Market: 6999 exceeded the JP Market which returned 22.9% over the past year.
Shareholder returns
| 6999 | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.4% | -2.6% | -0.8% |
| 30 Day | -16.7% | -2.7% | 4.0% |
| 90 Day | -3.7% | 6.2% | 7.7% |
| 1 Year | 36.2%35.6% | 40.0%37.7% | 25.9%22.9% |
| 3 Year | -33.1%-36.1% | 40.8%34.2% | 18.5%10.3% |
| 5 Year | 71.9%56.1% | 127.0%109.3% | 57.7%40.2% |
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?
42.76x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 6999 (¥1424) is trading above our estimate of fair value (¥1252.71)
Significantly Below Fair Value: 6999 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6999 is poor value based on its PE Ratio (42.8x) compared to the JP Electronic industry average (17.1x).
PE vs Market: 6999 is poor value based on its PE Ratio (42.8x) compared to the JP market (17.4x).
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.
Next Steps
Future Growth
How is KOA forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
30.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6999's forecast earnings growth (30.6% per year) is above the savings rate (0%).
Earnings vs Market: 6999's earnings (30.6% per year) are forecast to grow faster than the JP market (17.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 6999's revenue (8.5% per year) is forecast to grow faster than the JP market (5.7% per year).
High Growth Revenue: 6999's revenue (8.5% 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 (7.7%).
Next Steps
Past Performance
How has KOA performed over the past 5 years?
-19.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6999 has high quality earnings.
Growing Profit Margin: 6999's current net profit margins (2.5%) are lower than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: 6999's earnings have declined by 19.8% per year over the past 5 years.
Accelerating Growth: 6999's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6999 had negative earnings growth (-15.1%) over the past year, making it difficult to compare to the Electronic industry average (-5.3%).
Return on Equity
High ROE: 6999's Return on Equity (2.1%) is considered low.
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Financial Health
How is KOA's financial position?
Financial Position Analysis
Short Term Liabilities: 6999's short term assets (¥39.8B) exceed its short term liabilities (¥10.7B).
Long Term Liabilities: 6999's short term assets (¥39.8B) exceed its long term liabilities (¥7.3B).
Debt to Equity History and Analysis
Debt Level: 6999's debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: 6999's debt to equity ratio has increased from 1.2% to 7.7% over the past 5 years.
Debt Coverage: 6999's debt is well covered by operating cash flow (96.2%).
Interest Coverage: 6999 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is KOA current dividend yield, its reliability and sustainability?
1.12%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 6999's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.23%).
High Dividend: 6999's dividend (1.12%) is low compared to the top 25% of dividend payers in the JP market (2.87%).
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 (13.5%), 6999's dividend payments are thoroughly 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.
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Management
How experienced are the management team and are they aligned to shareholders interests?
9.7yrs
Average board tenure
CEO
Tadao Hanagata (64 yo)
7.83yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.83yrs | no data | 1.15% ¥ 626.2m | |
| President & Representative Director | 7.83yrs | no data | 0.038% ¥ 20.6m | |
| MD & Director | 8.67yrs | no data | 0.016% ¥ 8.8m | |
| Independent External Director | 12.67yrs | no data | 0.033% ¥ 17.6m | |
| Director | 9.67yrs | no data | 0.051% ¥ 27.9m | |
| External Auditor | 18.67yrs | no data | 0.016% ¥ 8.8m | |
| Director | 8.67yrs | no data | 0.019% ¥ 10.3m | |
| Director | no data | no data | 0.0081% ¥ 4.4m | |
| External Auditor | no data | no data | 0.0027% ¥ 1.5m | |
| Independent Outside Director | no data | no data | no data | |
| Full Time Auditor | no data | no data | no data | |
| Full Time Auditor | no data | no data | no data |
9.7yrs
Average Tenure
62yo
Average Age
Experienced Board: 6999's board of directors are considered experienced (9.7 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¥54.280b
- Shares outstanding: 36.92m
- Website: https://www.koaglobal.com
Number of Employees
Location
- KOA Corporation
- Earth Wing
- Minowa-machi
- Nagano
- Nagano
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KACP.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 1992 |
| 6999 | TSE (The Tokyo Stock Exchange) | Yes | Common Shares | JP | JPY | Jan 1992 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 08:00 |
| End of Day Share Price | 2021/02/26 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.