OTCPK:RNEC.F

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Executive Summary

Renesas Electronics Corporation, together with its subsidiaries, researches, develops, designs, manufactures, sells, and services semiconductors in Japan, North America, Europe, and Asia. More Details


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RNEC.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.5%

RNEC.F

1.0%

US Semiconductor

0.09%

US Market


1 Year Return

19.2%

RNEC.F

36.5%

US Semiconductor

12.6%

US Market

Return vs Industry: RNEC.F underperformed the US Semiconductor industry which returned 38.7% over the past year.

Return vs Market: RNEC.F exceeded the US Market which returned 13.6% over the past year.


Shareholder returns

RNEC.FIndustryMarket
7 Day-0.5%1.0%0.09%
30 Day16.3%-0.9%-1.6%
90 Day23.8%8.9%7.9%
1 Year19.2%19.2%39.0%36.5%15.2%12.6%
3 Year-34.0%-34.0%81.3%71.9%38.9%29.6%
5 Year37.3%37.3%243.8%210.0%87.6%66.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RNEC.F ($7.33) is trading below our estimate of fair value ($7.37)

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


Price To Earnings Ratio

PE vs Industry: RNEC.F is poor value based on its PE Ratio (47.2x) compared to the US Semiconductor industry average (34.5x).

PE vs Market: RNEC.F is poor value based on its PE Ratio (47.2x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: RNEC.F is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: RNEC.F is good value based on its PB Ratio (2.2x) compared to the US Semiconductor industry average (3.2x).


Next Steps

Future Growth

How is Renesas Electronics forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

25.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RNEC.F's forecast earnings growth (25.1% per year) is above the savings rate (2.2%).

Earnings vs Market: RNEC.F's earnings (25.1% per year) are forecast to grow faster than the US market (23.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RNEC.F's revenue (6.3% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: RNEC.F's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RNEC.F's Return on Equity is forecast to be low in 3 years time (9.1%).


Next Steps

Past Performance

How has Renesas Electronics performed over the past 5 years?

-31.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RNEC.F has a large one-off loss of ¥25.5B impacting its June 30 2020 financial results.

Growing Profit Margin: RNEC.F became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RNEC.F's earnings have declined by 31.8% per year over the past 5 years.

Accelerating Growth: RNEC.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RNEC.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (7.5%).


Return on Equity

High ROE: RNEC.F's Return on Equity (4.5%) is considered low.


Next Steps

Financial Health

How is Renesas Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: RNEC.F's short term assets (¥338.1B) exceed its short term liabilities (¥249.2B).

Long Term Liabilities: RNEC.F's short term assets (¥338.1B) do not cover its long term liabilities (¥755.9B).


Debt to Equity History and Analysis

Debt Level: RNEC.F's debt to equity ratio (117.6%) is considered high.

Reducing Debt: RNEC.F's debt to equity ratio has increased from 73.2% to 117.6% over the past 5 years.

Debt Coverage: RNEC.F's debt is well covered by operating cash flow (27.5%).

Interest Coverage: RNEC.F's interest payments on its debt are well covered by EBIT (13.9x coverage).


Balance Sheet


Next Steps

Dividend

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

0.34%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RNEC.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RNEC.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RNEC.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RNEC.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RNEC.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Hidetoshi Shibata (48 yo)

1.17yrs

Tenure

Mr. Hidetoshi Shibata has been Chief Financial Officer and Executive Vice President of Renesas Electronics Singapore Pte. Ltd. since November 1, 2013 and served as its Managing Executive Officer. Mr. Shiba ...


Leadership Team

NamePositionTenureCompensationOwnership
Hidetoshi Shibata
President1.17yrsno data0.00015%
¥ 19.4k
Shuhei Shinkai
Senior VP & CFO1.08yrsno datano data
Shinichi Yoshioka
Senior VP & CTO1.08yrsno datano data
Jason Hall
Senior VP & CLO3.17yrsno datano data
Shingo Yamamoto
Executive VP & GM of Automotive Solution Business Unit2.5yrsno datano data
Sailesh Chittipeddi
Executive VP and GM of IoT & Infrastructure Business Unit1.42yrsno datano data
Chris Allexandre
Senior VP and Head of Sales1.42yrsno datano data
Roger Wendelken
Senior VP and Head of MCU Business1.42yrsno datano data
Masahiko Nozaki
Executive VP and GM of Production & Technology Unit1.42yrsno datano data
Tomomitsu Maoka
Senior VP & Deputy GM of Automotive Solution Business Unit1.42yrsno datano data
Hiroto Nitta
Senior VP and Head of SoC Business1.42yrsno datano data
Kataoka Takeshi
Deputy GMno datano datano data

1.4yrs

Average Tenure

53.5yo

Average Age

Experienced Management: RNEC.F's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hidetoshi Shibata
President1.17yrsno data0.00015%
¥ 19.4k
Jiro Iwasaki
Independent Outside Directorno datano datano data
Tetsuya Tsurumaru
Chairmanno datano data0.00058%
¥ 75.1k
Kazuki Fukuda
Full-Time Corporate Auditorno datano data0.00026%
¥ 33.7k
Takeshi Sekine
Part-Time Corporate Auditorno datano datano data
Kazuyoshi Yamazaki
Part-Time Corporate Auditorno datano datano data
Arunjai Mittal
Independent Outside Director0.50yrno datano data
Tetsuro Toyoda
Independent Outside Directorno datano datano data
Noboru Yamamoto
Part-Time Outside Corporate Auditor2.5yrsno datano data
Selena Loh LaCroix
Independent Outside Director0.50yrno datano data

1.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: RNEC.F's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: Renesas Electronics Corporation
  • Ticker: RNEC.F
  • Exchange: OTCPK
  • Founded: 2002
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: JP¥1.353t
  • Listing Market Cap: JP¥12.957b
  • Shares outstanding: 1.72b
  • Website: https://www.renesas.com

Number of Employees


Location

  • Renesas Electronics Corporation
  • TOYOSU FORESIA
  • 3-2-24 Toyosu
  • Tokyo
  • 135-0061
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6723TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJul 2003
NENDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2003
RNEC.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 2003
RNEC NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJul 2003
RNEC.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDSep 2003

Biography

Renesas Electronics Corporation, together with its subsidiaries, researches, develops, designs, manufactures, sells, and services semiconductors in Japan, North America, Europe, and Asia. The company offer ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 06:30
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.