Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products worldwide. More Details
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Topcon's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 7732 is more volatile than 75% of JP stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 7732's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of JP stocks.
7 Day Return
1 Year Return
Return vs Industry: 7732 exceeded the JP Electronic industry which returned 31.5% over the past year.
Return vs Market: 7732 exceeded the JP Market which returned 28.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Topcon's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Topcon undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 7732 (¥1607) is trading above our estimate of fair value (¥805.97)
Significantly Below Fair Value: 7732 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 7732 is poor value based on its PE Ratio (71.1x) compared to the JP Electronic industry average (15.9x).
PE vs Market: 7732 is poor value based on its PE Ratio (71.1x) compared to the JP market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: 7732 is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: 7732 is overvalued based on its PB Ratio (2.4x) compared to the JP Electronic industry average (0.9x).
How is Topcon forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 7732's forecast earnings growth (28.8% per year) is above the savings rate (0%).
Earnings vs Market: 7732's earnings (28.8% per year) are forecast to grow faster than the JP market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 7732's revenue (5.4% per year) is forecast to grow faster than the JP market (5.3% per year).
High Growth Revenue: 7732's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 7732's Return on Equity is forecast to be low in 3 years time (8.8%).
How has Topcon performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 7732 has high quality earnings.
Growing Profit Margin: 7732's current net profit margins (1.7%) are higher than last year (0.7%).
Past Earnings Growth Analysis
Earnings Trend: 7732's earnings have declined by 18.9% per year over the past 5 years.
Accelerating Growth: 7732's earnings growth over the past year (154.1%) exceeds its 5-year average (-18.9% per year).
Earnings vs Industry: 7732 earnings growth over the past year (154.1%) exceeded the Electronic industry 9.4%.
Return on Equity
High ROE: 7732's Return on Equity (3.5%) is considered low.
How is Topcon's financial position?
Financial Position Analysis
Short Term Liabilities: 7732's short term assets (¥101.9B) exceed its short term liabilities (¥49.1B).
Long Term Liabilities: 7732's short term assets (¥101.9B) exceed its long term liabilities (¥48.5B).
Debt to Equity History and Analysis
Debt Level: 7732's debt to equity ratio (67.5%) is considered high.
Reducing Debt: 7732's debt to equity ratio has reduced from 105% to 67.5% over the past 5 years.
Debt Coverage: 7732's debt is well covered by operating cash flow (40.8%).
Interest Coverage: 7732's interest payments on its debt are well covered by EBIT (14.5x coverage).
What is Topcon current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 7732's dividend (0.31%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.29%).
High Dividend: 7732's dividend (0.31%) is low compared to the top 25% of dividend payers in the JP market (2.94%).
Stability and Growth of Payments
Stable Dividend: 7732 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.
Growing Dividend: 7732 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: 7732 is not paying a notable dividend for the JP market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 7732's dividend in 3 years as they are not forecast to pay a notable one for the JP market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Satoshi Hirano (63 yo)
Mr. Satoshi Hirano has been Chief Executive Officer and President of Topcon Corporation since June 2013. Mr. Hirano served as Senior Manager of General Sales Department and Executive Officer of Topcon Corp...
Experienced Management: 7732's management team is considered experienced (2.3 years average tenure).
Experienced Board: 7732's board of directors are considered experienced (6.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Topcon Corporation's company bio, employee growth, exchange listings and data sources
- Name: Topcon Corporation
- Ticker: 7732
- Exchange: TSE
- Founded: 1932
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: JP¥169.037b
- Shares outstanding: 105.19m
- Website: https://www.topcon.co.jp
Number of Employees
- Topcon Corporation
- 75-1, Hasunuma-cho
Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products worldwide. Its positioning products include GNSS receivers, GP...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/16 10:27|
|End of Day Share Price||2021/05/14 00:00|
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.