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Market Cap

JP¥17.1b

Last Updated

2021/05/10 08:02 UTC

Data Sources

Company Financials +

Executive Summary

Innotech Corporation, together with its subsidiaries, imports and sells electronic design automation software, electric components, and semiconductor products. More Details


Snowflake Analysis

Solid track record established dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 9880 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 9880's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.8%

9880

0.9%

JP Electronic

1.6%

JP Market


1 Year Return

38.5%

9880

35.7%

JP Electronic

31.3%

JP Market

Return vs Industry: 9880 exceeded the JP Electronic industry which returned 35.7% over the past year.

Return vs Market: 9880 exceeded the JP Market which returned 31.3% over the past year.


Shareholder returns

9880IndustryMarket
7 Day2.8%0.9%1.6%
30 Day-0.3%-2.2%-1.4%
90 Day9.7%-5.6%0.1%
1 Year44.2%38.5%37.3%35.7%34.2%31.3%
3 Year3.6%-8.1%34.7%29.0%15.0%7.1%
5 Year299.4%236.3%124.8%109.0%61.1%43.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

3.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 9880 (¥1342) is trading below our estimate of fair value (¥1392.27)

Significantly Below Fair Value: 9880 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 9880 is good value based on its PE Ratio (13.2x) compared to the JP Electronic industry average (16.2x).

PE vs Market: 9880 is good value based on its PE Ratio (13.2x) compared to the JP market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: 9880 is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: 9880 is good value based on its PB Ratio (0.9x) compared to the JP Electronic industry average (1x).


Future Growth

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

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9880's forecast earnings growth (5.4% per year) is above the savings rate (0%).

Earnings vs Market: 9880's earnings (5.4% per year) are forecast to grow slower than the JP market (15% per year).

High Growth Earnings: 9880's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9880's revenue (5.2% per year) is forecast to grow slower than the JP market (5.5% per year).

High Growth Revenue: 9880's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9880's Return on Equity is forecast to be low in 3 years time (7%).


Past Performance

How has Innotech performed over the past 5 years?

13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9880 has high quality earnings.

Growing Profit Margin: 9880's current net profit margins (4%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: 9880's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: 9880's earnings growth over the past year (52.7%) exceeds its 5-year average (13.7% per year).

Earnings vs Industry: 9880 earnings growth over the past year (52.7%) exceeded the Electronic industry 1.9%.


Return on Equity

High ROE: 9880's Return on Equity (6.9%) is considered low.


Financial Health

How is Innotech's financial position?


Financial Position Analysis

Short Term Liabilities: 9880's short term assets (¥22.9B) exceed its short term liabilities (¥14.8B).

Long Term Liabilities: 9880's short term assets (¥22.9B) exceed its long term liabilities (¥4.5B).


Debt to Equity History and Analysis

Debt Level: 9880's debt to equity ratio (46.8%) is considered high.

Reducing Debt: 9880's debt to equity ratio has increased from 8.3% to 46.8% over the past 5 years.

Debt Coverage: 9880's debt is not well covered by operating cash flow (18.7%).

Interest Coverage: 9880 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

2.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 9880's dividend (2.98%) is higher than the bottom 25% of dividend payers in the JP market (1.24%).

High Dividend: 9880's dividend (2.98%) is in the top 25% of dividend payers in the JP market (2.83%)


Stability and Growth of Payments

Stable Dividend: 9880's dividends per share have been stable in the past 10 years.

Growing Dividend: 9880's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.4%), 9880'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?

0.3yrs

Average management tenure


CEO

Nobuyuki Otsuka (58 yo)

0.33

Tenure

Mr. Nobuyuki Otsuka serves as President & Representative Director at Innotech Corporation since 2021 and served as its Representative Senior Managing Director since May 2020 until 2021 and served as its Ex...


Leadership Team

Experienced Management: 9880's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: 9880's board of directors are considered experienced (7.9 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 been diluted in the past year, with total shares outstanding growing by 18.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: Innotech Corporation
  • Ticker: 9880
  • Exchange: TSE
  • Founded: 1976
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: JP¥17.130b
  • Shares outstanding: 12.72m
  • Website: https://www.innotech.co.jp

Number of Employees


Location

  • Innotech Corporation
  • 3-17-6, Shinyokohama
  • Kouhoku-ku
  • Yokohama
  • Kanagawa
  • 222-8580
  • Japan

Listings


Biography

Innotech Corporation, together with its subsidiaries, imports and sells electronic design automation software, electric components, and semiconductor products. The company also develops and sells testers a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 08:02
End of Day Share Price2021/05/10 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.