OTCPK:TCIS.F

Stock Analysis Report

Executive Summary

TACHI-S Co., Ltd. engages in the manufacture and sale of automotive seats in Japan and internationally.

Snowflake

Fundamentals

Adequate balance sheet unattractive dividend payer.

Share Price & News

How has TACHI-S's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

TCIS.F

3.5%

US Auto Components

0.4%

US Market


1 Year Return

n/a

TCIS.F

-2.3%

US Auto Components

6.9%

US Market

Return vs Industry: Insufficient data to determine how TCIS.F performed against the US Auto Components industry.

Return vs Market: Insufficient data to determine how TCIS.F performed against the US Market.


Shareholder returns

TCIS.FIndustryMarket
7 Day0%3.5%0.4%
30 Day8.0%2.5%-1.1%
90 Dayn/a2.8%-0.5%
1 Yearn/a-0.8%-2.3%9.3%6.9%
3 Year-25.4%-25.4%11.2%-0.3%45.8%36.4%
5 Year-3.8%-3.8%19.4%3.0%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is TACHI-S undervalued compared to its fair value and its price relative to the market?

0.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: TCIS.F ($12.31) is trading above our estimate of fair value ($2.25)

Significantly Undervalued: TCIS.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TCIS.F is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: TCIS.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate TCIS.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TCIS.F is good value based on its PB Ratio (0.5x) compared to the US Auto Components industry average (1.2x).


Next Steps

Future Growth

How is TACHI-S forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

32.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCIS.F is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TCIS.F is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TCIS.F is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if TCIS.F's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if TCIS.F's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if TCIS.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has TACHI-S performed over the past 5 years?

30.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TCIS.F is unprofitable, but has reduced losses over the past 5 years at a rate of 30.4% per year.

Accelerating Growth: Unable to compare TCIS.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TCIS.F is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (8.1%).


Return on Equity

High ROE: TCIS.F has a negative Return on Equity (0.54%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TCIS.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TCIS.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is TACHI-S's financial position?


Financial Position Analysis

Short Term Liabilities: TCIS.F's short term assets (¥104.2B) exceeds its short term liabilities (¥67.8B)

Long Term Liabilities: TCIS.F's short term assets (104.2B) exceeds its long term liabilities (7.1B)


Debt to Equity History and Analysis

Debt Level: TCIS.F's debt to equity ratio (7.8%) is considered satisfactory

Reducing Debt: TCIS.F's debt to equity ratio has reduced from 8.5% to 7.8% over the past 5 years.

Debt Coverage: TCIS.F's debt is not well covered by operating cash flow (14.4%).

Interest Coverage: TCIS.F is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: TCIS.F has a high level of physical assets or inventory.

Debt Coverage by Assets: TCIS.F's debt is covered by short term assets (assets are 13.938970x debt).


Next Steps

Dividend

What is TACHI-S's current dividend yield, its reliability and sustainability?

1.81%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TCIS.F's dividend (1.81%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: TCIS.F's dividend (1.81%) is low compared to the top 25% of dividend payers in the US market (3.73%).

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

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


Current Payout to Shareholders

Dividend Coverage: TCIS.F is paying a dividend but the company is unprofitable.


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

What is the CEO of TACHI-S's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Taro Nakayama (64yo)

2.3yrs

Tenure

0

Mr. Taro Nakayama serves as Chairman at TACHI-S Co., Ltd. since 2019 and also its Chief Executive Officer since June 27, 2017. He was Chief Operating Officer of Tachi-S Co. ltd. April, 2014 until 2019 and  ...


Management Age and Tenure

0.8yrs

Average Tenure

Experienced Management: TCIS.F's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

2.8yrs

Average Tenure

64yo

Average Age

Experienced Board: TCIS.F's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Taro Nakayama (64yo)

    Chairman & CEO

    • Tenure: 2.3yrs
  • Yuichiro Yamamoto

    President

    • Tenure: 2.3yrs
  • Kunio Arishige

    Executive Managing Officer

    • Tenure: 0yrs
  • Sumio Ono

    Executive Managing Officer

    • Tenure: 0yrs
  • Gonzalo Esparza

    Executive Managing Officer

    • Tenure: 0yrs
  • Shuichi Matsunaga

    Executive Managing Officer

    • Tenure: 2.5yrs
  • Kazumi Tamura

    Executive Managing Officer & Director

    • Tenure: 0.8yrs
  • Takao Itou

    Executive Managing Officer

    • Tenure: 0.8yrs
  • Atsushi Komatsu

    Executive Managing Officer & Director

    • Tenure: 0.8yrs
  • Kazuya Shishido

    Executive Managing Officer

    • Tenure: 0.8yrs

Board Members

  • Kiyoshi Saitou (72yo)

    Senior Corporate Advisor & Representative Director

    • Tenure: 23.3yrs
  • Taro Nakayama (64yo)

    Chairman & CEO

    • Tenure: 2.3yrs
  • Shinsuke Matsuo (49yo)

    Outside Audit & Supervisory Board Member

    • Tenure: 8.3yrs
  • Yuichiro Yamamoto

    President

    • Tenure: 2.3yrs
  • Toshio Kinoshita (70yo)

    Ourtside Director

    • Tenure: 12.3yrs
  • Nobuaki Ozawa (64yo)

    Outside Audit & Supervisory Board Member

    • Tenure: 5.3yrs
  • Ichiro Konno (63yo)

    Audit & Supervisory Board Member

    • Tenure: 3.3yrs
  • Kazumi Tamura

    Executive Managing Officer & Director

    • Tenure: 0.8yrs
  • Atsushi Komatsu

    Executive Managing Officer & Director

    • Tenure: 0.8yrs
  • Hidetaka Mihara

    Outside Director

    • Tenure: 1.8yrs

Company Information

TACHI-S Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TACHI-S Co., Ltd.
  • Ticker: TCIS.F
  • Exchange: OTCPK
  • Founded: 1954
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: JP¥47.524b
  • Listing Market Cap: JP¥437.942m
  • Shares outstanding: 34.44m
  • Website: https://www.tachi-s.co.jp

Number of Employees


Location

  • TACHI-S Co., Ltd.
  • 3-3-7, Matsubara-cho
  • Akishima
  • Tokyo
  • 196-8611
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
7239TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYAug 1992
TCIS.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDAug 1992

Biography

TACHI-S Co., Ltd. engages in the manufacture and sale of automotive seats in Japan and internationally. It offers driver, rear, passenger, second, third, and commercial vehicle seat systems for car categor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:59
End of Day Share Price2019/10/09 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.