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Sharp

OTCPK:SHCA.F
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHCA.F
OTCPK
¥641B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Sharp Corporation manufactures and distributes electronic communication equipment, electronic equipment, electronic application equipment, and electronic components in Japan, the Americas, Europe, China, and internationally. The last earnings update was 11 days ago. More info.


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SHCA.F Share Price and Events
7 Day Returns
0%
OTCPK:SHCA.F
0.4%
US Consumer Durables
-0.7%
US Market
1 Year Returns
-67.3%
OTCPK:SHCA.F
1.2%
US Consumer Durables
3%
US Market
SHCA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sharp (SHCA.F) 0% -16.4% - -67.3% 676% 259.8%
US Consumer Durables 0.4% 0.9% 4.6% 1.2% 41.8% 31.7%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • SHCA.F underperformed the Consumer Durables industry which returned 1.2% over the past year.
  • SHCA.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
SHCA.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Sharp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sharp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sharp.

OTCPK:SHCA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SHCA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.895 (1 + (1- 30.86%) (101.38%))
1.35
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.35 * 5.96%)
10.78%

Discounted Cash Flow Calculation for OTCPK:SHCA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sharp is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SHCA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.78%)
2019 -65,966.67 Analyst x3 -59,548.04
2020 26,185.71 Analyst x7 21,337.83
2021 45,014.29 Analyst x7 33,111.52
2022 51,550.00 Analyst x4 34,229.48
2023 43,066.67 Analyst x3 25,814.03
2024 70,800.00 Analyst x1 38,308.11
2025 77,871.25 Est @ 9.99% 38,034.48
2026 83,953.26 Est @ 7.81% 37,015.26
2027 89,230.77 Est @ 6.29% 35,514.10
2028 93,888.06 Est @ 5.22% 33,731.79
Present value of next 10 years cash flows ¥237,548.55
OTCPK:SHCA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥93,888.06 × (1 + 2.73%) ÷ (10.78% – 2.73%)
¥1,198,313.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,198,313.48 ÷ (1 + 10.78%)10
¥430,526.09
OTCPK:SHCA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥237,548.55 + ¥430,526.09
¥668,074.64
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥668,074.64 / 610.85
¥1093.68
OTCPK:SHCA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SHCA.F represents 0.00895x of TSE:6753
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00895x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,093.68 x 0.00895
$9.79
Value per share (USD) From above. $9.79
Current discount Discount to share price of $9.39
= -1 x ($9.39 - $9.79) / $9.79
4.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sharp is available for.
Intrinsic value
4%
Share price is $9.39 vs Future cash flow value of $9.79
Current Discount Checks
For Sharp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sharp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Sharp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sharp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sharp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SHCA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥116.80
TSE:6753 Share Price ** TSE (2019-05-13) in JPY ¥1049
United States of America Consumer Durables Industry PE Ratio Median Figure of 51 Publicly-Listed Consumer Durables Companies 14.62x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sharp.

OTCPK:SHCA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6753 Share Price ÷ EPS (both in JPY)

= 1049 ÷ 116.80

8.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sharp is good value based on earnings compared to the US Consumer Durables industry average.
  • Sharp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sharp's expected growth come at a high price?
Raw Data
OTCPK:SHCA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
1.7%per year
United States of America Consumer Durables Industry PEG Ratio Median Figure of 37 Publicly-Listed Consumer Durables Companies 1.17x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:SHCA.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.98x ÷ 1.7%

5.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sharp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sharp's assets?
Raw Data
OTCPK:SHCA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥574.39
TSE:6753 Share Price * TSE (2019-05-13) in JPY ¥1049
United States of America Consumer Durables Industry PB Ratio Median Figure of 69 Publicly-Listed Consumer Durables Companies 1.34x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:SHCA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6753 Share Price ÷ Book Value per Share (both in JPY)

= 1049 ÷ 574.39

1.83x

* Primary Listing of Sharp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sharp is overvalued based on assets compared to the US Consumer Durables industry average.
X
Value checks
We assess Sharp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Sharp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sharp expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sharp expected to grow at an attractive rate?
  • Sharp's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Sharp's earnings growth is positive but not above the United States of America market average.
  • Sharp's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SHCA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SHCA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 1.7%
OTCPK:SHCA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2.4%
United States of America Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United States of America Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SHCA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SHCA.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,700,000 160,800 77,000 1
2023-03-31 2,631,867 139,733 77,950 3
2022-03-31 2,609,865 144,100 70,146 5
2021-03-31 2,614,348 133,671 72,078 10
2020-03-31 2,504,419 125,983 64,088 8
OTCPK:SHCA.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 2,400,072 79,043 71,349
2018-12-31 2,369,363 90,060 71,688
2018-09-30 2,441,141 71,016 76,416
2018-06-30 2,454,702 73,257 69,500
2018-03-31 2,427,271 105,270 64,795
2017-12-31 2,388,806 101,744 68,983
2017-09-30 2,246,119 127,675 52,629
2017-06-30 2,133,669 117,400 12,137
2017-03-31 2,050,639 127,231 -30,230
2016-12-31 2,009,840 28,287 -189,177
2016-09-30 2,101,591 66,632 -218,636
2016-06-30 2,266,685 42,028 -256,668

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sharp's earnings are expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
  • Sharp's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SHCA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Sharp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SHCA.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 126.10 126.10 126.10 1.00
2023-03-31 135.17 149.25 121.10 2.00
2022-03-31 121.79 141.15 105.39 4.00
2021-03-31 123.34 162.10 91.50 11.00
2020-03-31 115.27 121.95 106.40 7.00
OTCPK:SHCA.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 116.80
2018-12-31 134.72
2018-09-30 125.09
2018-06-30 113.77
2018-03-31 106.07
2017-12-31 112.92
2017-09-30 15.72
2017-06-30 22.01
2017-03-31 -68.55
2016-12-31 -565.13
2016-09-30 -941.65
2016-06-30 -1,518.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sharp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sharp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sharp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sharp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sharp's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sharp has delivered over 20% year on year earnings growth in the past 5 years.
  • Sharp's 1-year earnings growth is less than its 5-year average (10.1% vs 34.7%)
  • Sharp's earnings growth has not exceeded the US Consumer Durables industry average in the past year (10.1% vs 30.9%).
Earnings and Revenue History
Sharp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sharp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SHCA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,400,072.00 71,349.00 339,972.00
2018-12-31 2,369,363.00 71,688.00 296,342.00 22,709.00
2018-09-30 2,441,141.00 76,416.00 318,678.00
2018-06-30 2,454,702.00 69,500.00 293,854.00 22,709.00
2018-03-31 2,427,271.00 64,795.00 291,429.00 22,709.00
2017-12-31 2,388,806.00 68,983.00 292,105.00 24,657.00
2017-09-30 2,246,119.00 52,629.00 286,623.00 24,657.00
2017-06-30 2,133,669.00 12,137.00 296,079.00 24,657.00
2017-03-31 2,050,639.00 -30,230.00 296,743.00 24,657.00
2016-12-31 2,009,840.00 -189,177.00 329,609.00 30,123.00
2016-09-30 2,101,591.00 -218,636.00 335,271.00 30,123.00
2016-06-30 2,266,685.00 -256,668.00 372,130.00
2016-03-31 2,461,589.00 -255,972.00 365,156.00 30,123.00
2015-12-31 2,638,847.00 -327,187.00 334,675.00 36,707.00
2015-09-30 2,738,269.00 -312,545.00 370,918.00 36,707.00
2015-06-30 2,784,831.00 -254,561.00 379,594.00 36,707.00
2015-03-31 2,786,256.00 -222,347.00 436,572.00
2014-12-31 2,860,335.00 -13,321.00 398,214.00 33,295.00
2014-09-30 2,912,837.00 20,631.00 393,326.00 33,295.00
2014-06-30 2,938,999.00 27,748.00 383,920.00 33,295.00
2014-03-31 2,927,186.00 11,559.00 377,688.00 33,295.00
2013-12-31 2,853,418.00 -103,280.00 372,596.00 32,508.00
2013-09-30 2,716,439.00 -162,093.00 359,675.00 32,508.00
2013-06-30 2,627,895.00 -424,924.00 364,837.00 32,508.00
2013-03-31 2,478,586.00 -545,347.00 366,795.00 32,508.00
2012-12-31 2,334,628.00 -586,922.00 372,853.00 36,630.00
2012-09-30 2,245,431.00 -723,838.00 383,989.00 36,630.00
2012-06-30 2,274,105.00 -465,197.00 393,385.00 36,630.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sharp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sharp used its assets less efficiently than the US Consumer Durables industry average last year based on Return on Assets.
  • Sharp has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Sharp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sharp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sharp's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sharp's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sharp is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sharp's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sharp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sharp Company Filings, last reported 1 month ago.

OTCPK:SHCA.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 372,470.00 649,651.00 266,648.00
2018-12-31 444,673.00 636,975.00 295,777.00
2018-09-30 431,702.00 637,705.00 294,349.00
2018-06-30 403,617.00 630,020.00 305,269.00
2018-03-31 401,712.00 628,283.00 422,302.00
2017-12-31 389,512.00 624,465.00 397,687.00
2017-09-30 357,791.00 646,033.00 435,464.00
2017-06-30 331,849.00 644,815.00 466,092.00
2017-03-31 307,800.00 643,867.00 482,117.00
2016-12-31 296,474.00 635,004.00 451,797.00
2016-09-30 264,989.00 661,368.00 473,979.00
2016-06-30 -75,039.00 692,932.00 239,304.00
2016-03-31 -31,211.00 731,022.00 175,399.00
2015-12-31 160,263.00 738,282.00 234,533.00
2015-09-30 180,953.00 739,365.00 175,066.00
2015-06-30 243,055.00 754,184.00 214,257.00
2015-03-31 44,515.00 974,276.00 254,650.00
2014-12-31 252,017.00 977,582.00 253,822.00
2014-09-30 239,226.00 968,248.00 291,434.00
2014-06-30 209,066.00 1,071,070.00 358,973.00
2014-03-31 207,173.00 1,071,376.00 379,596.00
2013-12-31 326,859.00 1,194,546.00 318,532.00
2013-09-30 146,611.00 1,168,957.00 167,539.00
2013-06-30 133,076.00 1,139,656.00 154,679.00
2013-03-31 134,837.00 1,143,382.00 191,941.00
2012-12-31 218,110.00 1,151,275.00 164,026.00
2012-09-30 227,903.00 1,174,159.00 221,189.00
2012-06-30 478,878.00 1,220,648.00 217,674.00
  • Sharp's level of debt (174.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (517.1% vs 174.4% today).
  • Debt is not well covered by operating cash flow (12.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 315.1x coverage).
X
Financial health checks
We assess Sharp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sharp has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sharp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.91%
Current annual income from Sharp dividends. Estimated to be 1.38% next year.
If you bought $2,000 of Sharp shares you are expected to receive $38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sharp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Sharp's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SHCA.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SHCA.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 25.00 1.00
2023-03-31 15.00 3.00
2022-03-31 16.25 4.00
2021-03-31 14.00 10.00
2020-03-31 13.18 11.00
OTCPK:SHCA.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-09 20.000 1.876
2018-06-21 10.000 0.615
2018-04-26 10.000 0.330
2014-02-10 0.000 0.000
2014-02-04 0.000 0.000
2013-11-07 0.000 0.000
2013-10-31 0.000 0.000
2013-08-07 0.000 0.000
2013-08-01 0.000 0.000
2013-06-25 0.000 0.000
2013-05-14 0.000 0.000
2013-02-08 0.000 0.000
2013-02-01 0.000 0.000
2012-11-07 0.000 0.000
2012-11-01 0.000 0.000
2012-06-26 100.000 4.762
2012-04-27 100.000 2.454
2012-02-07 100.000 1.872
2012-02-01 100.000 1.818
2011-11-08 100.000 1.428
2011-10-27 100.000 1.400
2011-04-27 170.000 2.498
2011-02-14 200.000 2.487
2011-02-03 200.000 2.290
2010-11-12 200.000 2.370
2010-10-28 200.000 2.519
2010-06-23 170.000 1.930
2010-04-27 170.000 1.649
2010-02-12 140.000 1.247
2010-02-03 140.000 1.298
2009-11-12 140.000 1.272
2009-10-29 140.000 1.439
2009-06-23 140.000 1.389

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Sharp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sharp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sharp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sharp has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeng-Wu Tai
AGE 65
TENURE AS CEO 2.8 years
CEO Bio

Mr. Jeng-Wu Tai has been the Chief Executive Officer and President of Sharp Corporation since August 16, 2016 and its Chairman since June 2018. Mr. Tai serves as President of Shenzhen Fujun Material Technology Co., Ltd. He serves as President of Futaijie Science and Technology Development (Shenzhen) Co., Ltd. Mr. Tai served as an Executive Vice President at Hon Hai Precision Industry Co., Ltd. until April 21, 2017. Mr. Tai served as a Vice President of Hon Hai Precision Industry Co., Ltd. until May 5, 2016. He serves as a Director of Competition Team Technologies Limited and Fuhongyuan Environmental Technology (Shenzhen) Co., Ltd. He serves as Representative of Directors of Xinxi Technology (Stock) Company and is a Representative of Fitipower Integrated Technology Inc. He has been a Director of Sharp Corporation since August 16, 2016. He served as a Director of Hon Hai Precision Industry Co., Ltd. since July 1, 2001 until April 21, 2017. He served as Representative Director at Innolux Corporation since September 11, 2015. Mr. Tai studied from Tatung Institute of Technology, Taiwan.

CEO Compensation
  • Insufficient data for Jeng-Wu to compare compensation growth.
  • Insufficient data for Jeng-Wu to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Sharp management team in years:

2.3
Average Tenure
  • The tenure for the Sharp management team is about average.
Management Team

Jeng-Wu Tai

TITLE
Chairman
AGE
65
TENURE
2.8 yrs

Satoshi Sakakibara

TITLE
Exec. Officer

Yoshisuke Hasegawa

TITLE
Senior Executive Managing Officer & Head of Smart Homes Group
TENURE
3.6 yrs

Fujikazu Nakayama

TITLE
Senior Executive Managing Officer & Head of Smart Business Solutions Group
TENURE
9.3 yrs

Katsuaki Nomura

TITLE
Executive VP
TENURE
1.9 yrs

Masahiro Okitsu

TITLE
Executive Managing Officer and BU President
TENURE
1.3 yrs

Yoshihiro Hashimoto

TITLE
Executive Managing Officer
TENURE
3.6 yrs

Bob Ishida

TITLE
Executive VP
AGE
59
TENURE
1.9 yrs

Toshiaki Takayama

TITLE
Executive Managing Officer
TENURE
1.9 yrs

Chien-Erh Wang

TITLE
Executive Officer
Board of Directors Tenure

Average tenure of the Sharp board of directors in years:

1.8
Average Tenure
  • The average tenure for the Sharp board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeng-Wu Tai

TITLE
Chairman
AGE
65
TENURE
0.9 yrs

Katsuaki Nomura

TITLE
Executive VP

Bob Ishida

TITLE
Executive VP
AGE
59
TENURE
0.9 yrs

Toshiaki Takayama

TITLE
Executive Managing Officer
TENURE
2.8 yrs

Chien-Erh Wang

TITLE
Executive Officer

Young Liu

TITLE
Director
TENURE
2.8 yrs

Hsu-Tung Lu

TITLE
Outside Director

Yasuo Himeiwa

TITLE
Outside Director

Goro Aoki

TITLE
Outside Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Sharp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sharp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Sharp Corporation manufactures and distributes electronic communication equipment, electronic equipment, electronic application equipment, and electronic components in Japan, the Americas, Europe, China, and internationally. It operates through four segments: Smart Homes, Smart Business Solutions, Internet of Things (IoT) Electronics Devices, and Advance Display Systems. The Smart Homes segment offers mobile phones, electronic dictionaries, calculators, facsimiles, telephones, network control units, refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasma cluster ion generators, beauty appliances, solar cells, and storage batteries. The Smart Business Solutions segment provides POS systems, electronic cash registers, commercial projectors, information displays, digital multi-function printers, options and consumables, software, FA equipment, and ultrasonic sensors. The IoT Electronics Devices segment offers camera modules, camera modules production facilities, sensor modules, proximity sensors, dust sensors, CCD/CMOS sensors, laser diodes, and automotive cameras. The Advance Display Systems segment provides LCD color televisions, Blu-ray disc recorders, IGZO LCD modules, CG-silicon LCD modules, and amorphous silicon LCD modules. The company was formerly known as Hayakawa Electric Industry Co., Ltd. and changed its name to Sharp Corporation in January 1970. Sharp Corporation was founded in 1912 and is headquartered in Sakai, Japan.

Details
Name: Sharp Corporation
SHCA.F
Exchange: OTCPK
Founded: 1912
¥5,828,446,921
610,847,907
Website: http://www.sharp-world.com
Address: Sharp Corporation
1 Takumi-cho,
Sakai-ku,
Sakai,
Osaka, 590-8522,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6753 Common Stock The Tokyo Stock Exchange JP JPY 02. Jan 1992
OTCPK SHCA.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB SRP Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK SHCA.Y UNSP ADR EA REP 0.25 ORD (POST REV SPLT) Pink Sheets LLC US USD 07. Jan 1980
DB SRPB UNSP ADR EA REP 0.25 ORD (POST REV SPLT) Deutsche Boerse AG DE EUR 07. Jan 1980
Number of employees
Current staff
Staff numbers
47,171
Sharp employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:48
End of day share price update: 2019/05/13 00:00
Last estimates confirmation: 2019/05/19
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.