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ULVAC

OTCPK:ULVA.F
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ULVA.F
OTCPK
¥155B
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

ULVAC, Inc. engages in the development, manufacture, sale, customer support, and import/export of vacuum equipment, peripheral devices, and vacuum components and materials in Japan and internationally. The last earnings update was 26 days ago. More info.


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ULVA.F Share Price and Events
7 Day Returns
0%
OTCPK:ULVA.F
4.8%
US Semiconductor
3.1%
US Market
1 Year Returns
-
OTCPK:ULVA.F
-11.8%
US Semiconductor
0.1%
US Market
ULVA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ULVAC (ULVA.F) 0% 0% - - - -
US Semiconductor 4.8% -8.5% 0.4% -11.8% 68.2% 81.6%
US Market 3.1% -1.7% 2.8% 0.1% 34% 38.3%
1 Year Return vs Industry and Market
  • No trading data on ULVA.F.
  • No trading data on ULVA.F.
Price Volatility
ULVA.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is ULVAC 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 ULVAC 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 ULVAC.

OTCPK:ULVA.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 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
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:ULVA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.21
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.207 (1 + (1- 30.86%) (26.73%))
1.288
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.288 * 5.96%)
10.41%

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

The calculations below outline how an intrinsic value for ULVAC 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:ULVA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.41%)
2019 23,192.00 Analyst x1 21,005.52
2020 11,300.00 Analyst x1 9,269.77
2021 11,307.00 Analyst x1 8,401.04
2022 11,404.51 Est @ 0.86% 7,674.63
2023 11,566.76 Est @ 1.42% 7,049.98
2024 11,776.68 Est @ 1.81% 6,501.21
2025 12,022.74 Est @ 2.09% 6,011.32
2026 12,297.05 Est @ 2.28% 5,568.82
2027 12,594.16 Est @ 2.42% 5,165.67
2028 12,910.31 Est @ 2.51% 4,796.11
Present value of next 10 years cash flows ¥81,444.07
OTCPK:ULVA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥12,910.31 × (1 + 2.73%) ÷ (10.41% – 2.73%)
¥172,713.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥172,713.06 ÷ (1 + 10.41%)10
¥64,161.95
OTCPK:ULVA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥81,444.07 + ¥64,161.95
¥145,606.02
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥145,606.02 / 49.29
¥2954.34
OTCPK:ULVA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ULVA.F represents 0.00853x of TSE:6728
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00853x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,954.34 x 0.00853
$25.19
Value per share (USD) From above. $25.19
Current discount Discount to share price of $26.90
= -1 x ($26.90 - $25.19) / $25.19
-6.8%

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

  • The current share price of ULVAC is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 ULVAC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ULVAC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ULVA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥565.57
TSE:6728 Share Price ** TSE (2019-03-11) in JPY ¥3155
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 21.35x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.47x

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

** Primary Listing of ULVAC.

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

= TSE:6728 Share Price ÷ EPS (both in JPY)

= 3155 ÷ 565.57

5.58x

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

  • ULVAC is good value based on earnings compared to the US Semiconductor industry average.
  • ULVAC is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does ULVAC's expected growth come at a high price?
Raw Data
OTCPK:ULVA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-1.5%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 63 Publicly-Listed Semiconductor Companies 0.91x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.58x ÷ -1.5%

-3.61x

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

  • ULVAC earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ULVAC's assets?
Raw Data
OTCPK:ULVA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥3,058.57
TSE:6728 Share Price * TSE (2019-03-11) in JPY ¥3155
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.47x
United States of America Market PB Ratio Median Figure of 5,217 Publicly-Listed Companies 1.79x
OTCPK:ULVA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6728 Share Price ÷ Book Value per Share (both in JPY)

= 3155 ÷ 3,058.57

1.03x

* Primary Listing of ULVAC.

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

  • ULVAC is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess ULVAC'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 Semiconductor 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 Semiconductor industry average (and greater than 0)? (1 check)
  5. ULVAC has a total score of 3/6, 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 ULVAC expected to perform in the next 1 to 3 years based on estimates from 6 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
-1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ULVAC expected to grow at an attractive rate?
  • ULVAC's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ULVAC's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • ULVAC's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ULVA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ULVA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -1.5%
OTCPK:ULVA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.5%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 16.7%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
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:ULVA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ULVA.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 227,836 24,102 18,921 6
2020-06-30 220,777 23,850 16,340 6
2019-06-30 224,433 29,624 17,598 6
OTCPK:ULVA.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 228,004 11,506 27,869
2018-12-31 240,788 2,973 30,821
2018-09-30 250,056 17,454 35,654
2018-06-30 249,271 19,086 35,904
2018-03-31 249,622 30,266 31,872
2017-12-31 245,087 46,886 29,482
2017-09-30 242,702 38,526 25,722
2017-06-30 231,831 37,818 24,469
2017-03-31 213,992 43,165 22,791
2016-12-31 201,674 26,266 20,201
2016-09-30 192,351 28,266 18,530
2016-06-30 192,437 23,708 16,698

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ULVAC's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • ULVAC's revenue is expected to grow by 0.5% 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:ULVA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from ULVAC Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ULVA.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 383.98 438.40 306.40 6.00
2020-06-30 331.60 387.64 280.00 6.00
2019-06-30 357.13 385.60 320.60 6.00
OTCPK:ULVA.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 565.57
2018-12-31 625.49
2018-09-30 723.59
2018-06-30 728.67
2018-03-31 646.85
2017-12-31 598.35
2017-09-30 521.97
2017-06-30 496.36
2017-03-31 462.15
2016-12-31 409.48
2016-09-30 375.51
2016-06-30 338.39

*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.
  • ULVAC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ULVAC'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.
ULVAC 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 ULVAC 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 ULVAC's growth in the last year to its industry (Semiconductor).
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.
  • ULVAC has delivered over 20% year on year earnings growth in the past 5 years.
  • ULVAC's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ULVAC's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.
Earnings and Revenue History
ULVAC'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 ULVAC Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ULVA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 228,004.00 27,869.00 31,588.00 5,953.00
2018-12-31 240,788.00 30,821.00 31,242.00 5,953.00
2018-09-30 250,056.00 35,654.00 30,305.00 5,953.00
2018-06-30 249,271.00 35,904.00 30,379.00 5,953.00
2018-03-31 249,622.00 31,872.00 30,574.00 4,925.00
2017-12-31 245,087.00 29,482.00 29,650.00 4,925.00
2017-09-30 242,702.00 25,722.00 29,260.00 4,925.00
2017-06-30 231,831.00 24,469.00 28,106.00 4,925.00
2017-03-31 213,992.00 22,791.00 28,601.00 4,390.00
2016-12-31 201,674.00 20,201.00 28,261.00 4,390.00
2016-09-30 192,351.00 18,530.00 27,672.00 4,390.00
2016-06-30 192,437.00 16,698.00 27,616.00 4,390.00
2016-03-31 200,890.00 14,433.00 26,451.00 4,358.00
2015-12-31 196,659.00 12,306.00 27,499.00 4,358.00
2015-09-30 190,087.00 10,543.00 27,277.00 4,358.00
2015-06-30 179,174.00 8,524.00 26,667.00 4,358.00
2015-03-31 169,067.00 7,566.00 26,921.00 4,036.00
2014-12-31 167,533.00 8,222.00 25,437.00 4,036.00
2014-09-30 170,289.00 9,033.00 25,477.00 4,036.00
2014-06-30 173,878.00 11,013.00 25,371.00 4,036.00
2014-03-31 182,288.00 4,996.00 25,031.00 3,888.00
2013-12-31 181,384.00 3,496.00 25,353.00 3,888.00
2013-09-30 173,110.00 545.00 25,174.00 3,888.00
2013-06-30 163,351.00 -4,332.00 25,758.00 3,888.00
2013-03-31 154,732.00 -14,587.00 23,976.00 5,245.00
2012-12-31 154,763.00 -51,254.00 25,041.00 5,245.00
2012-09-30 170,196.00 -51,885.00 26,218.00 5,245.00
2012-06-30 196,804.00 -49,984.00 28,290.00 5,245.00

*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.
  • ULVAC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ULVAC used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • ULVAC's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ULVAC'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 Semiconductor 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.
ULVAC 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 ULVAC'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 ULVAC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ULVAC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ULVAC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ULVAC'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 4.8x 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 ULVAC Company Filings, last reported 2 months ago.

OTCPK:ULVA.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 157,227.00 41,570.00 58,059.00
2018-12-31 150,726.00 35,957.00 49,025.00
2018-09-30 151,217.00 34,688.00 57,876.00
2018-06-30 154,069.00 36,596.00 57,074.00
2018-03-31 140,252.00 38,016.00 59,940.00
2017-12-31 130,895.00 40,254.00 69,715.00
2017-09-30 109,123.00 42,086.00 62,270.00
2017-06-30 104,916.00 43,734.00 56,434.00
2017-03-31 98,379.00 47,166.00 48,775.00
2016-12-31 90,992.00 56,309.00 46,810.00
2016-09-30 81,601.00 60,222.00 50,878.00
2016-06-30 78,032.00 63,555.00 45,713.00
2016-03-31 79,118.00 73,793.00 40,169.00
2015-12-31 77,201.00 78,901.00 51,516.00
2015-09-30 72,860.00 81,210.00 52,227.00
2015-06-30 84,929.00 83,591.00 62,684.00
2015-03-31 80,729.00 89,785.00 57,445.00
2014-12-31 78,559.00 92,787.00 56,784.00
2014-09-30 78,284.00 89,740.00 53,772.00
2014-06-30 72,238.00 90,592.00 57,669.00
2014-03-31 71,585.00 98,718.00 59,334.00
2013-12-31 70,328.00 96,663.00 56,651.00
2013-09-30 63,555.00 103,170.00 46,230.00
2013-06-30 59,437.00 107,540.00 44,603.00
2013-03-31 62,412.00 112,432.00 35,086.00
2012-12-31 58,984.00 117,958.00 36,157.00
2012-09-30 54,087.00 120,526.00 40,009.00
2012-06-30 41,186.00 122,080.00 28,397.00
  • ULVAC's level of debt (26.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (137.8% vs 26.4% today).
  • Debt is well covered by operating cash flow (27.7%, greater than 20% of total debt).
  • ULVAC earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess ULVAC'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. ULVAC has a total score of 6/6, 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 ULVAC'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
3.33%
Current annual income from ULVAC dividends. Estimated to be 3.35% next year.
If you bought $2,000 of ULVAC shares you are expected to receive $67 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?
  • ULVAC's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • ULVAC's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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:ULVA.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 6 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:ULVA.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 114.00 5.00
2020-06-30 106.00 5.00
2019-06-30 98.33 6.00
OTCPK:ULVA.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-09-27 105.000 2.990
2018-08-08 105.000 2.527
2017-09-28 60.000 0.996
2017-08-09 60.000 0.976
2016-09-29 30.000 0.688
2016-08-10 30.000 1.076
2015-09-29 30.000 0.995
2015-08-12 30.000 1.560
2012-05-10 0.000 0.000
2012-02-13 13.000 1.562
2011-11-10 13.000 1.305
2011-09-27 13.000 1.231
2011-08-11 13.000 1.154
2010-09-29 21.000 1.136
2010-08-12 21.000 1.479
2009-09-29 21.000 1.010
2009-08-13 21.000 0.798

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 increased over the past 10 years.
Current Payout to shareholders
What portion of ULVAC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6x 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 ULVAC'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 ULVAC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ULVAC has a total score of 3/6, 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 ULVAC'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
Setsuo Iwashita
AGE 65
TENURE AS CEO 1.9 years
CEO Bio

Mr. Setsuo Iwashita has been Chief Executive Officer and President at ULVAC, Inc. since July 06, 2017. Mr. Iwashita served as the Chief of Corporate Planning Office at ULVAC, Inc since July 2016 and served as its Senior Managing Executive Officer since September 2016. Mr. Iwashita served as Managing Executive Officer of ULVAC, Inc. since September 2013 and served as its Executive Officer since July 2012. He serves as a Director at ULVAC, Inc. since September 2011 and joined ULVAC, Inc. in March 1984. His Experience includes as a Manager of Beijing Business Office and Shanghai Business Office of Overseas Operation Division since August 1992, Director and Chief Executive Officer of ULVAC (NINGBO) Co., Ltd. since September 1995, General Manager for Chinese Region of Asia Division of ULVAC, Inc. since July 1998, Director and Chief Executive Officer of ULVAC (China) Holding Co., Ltd. since March 2006, Chairman of ULVAC (Shanghai) trading Co., Ltd. and ULVAC (SUZHOU) Co., Ltd. since October 2006 and Senior Managing Executive Officer and Chairman of ULVAC (China) Holdings Co., Ltd. since July 2015.

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

Setsuo Iwashita

TITLE
President
AGE
65
TENURE
1.9 yrs

Masahiko Ishiguro

TITLE
GM of Corporate Sales and Marketing Division

Hisaharu Obinata

TITLE
Senior Adviser & Director
AGE
69

Masasuke Matsudai

TITLE
Senior Managing Executive Officer
AGE
61

Mitsuru Motoyoshi

TITLE
Executive VP & Director
AGE
61
TENURE
2.9 yrs

Kazuya Saito

TITLE
Senior Executive Officer

Akira Umeda

TITLE
Executive Officer & GM of Business Planning Admin Department

Ryou Matsumoto

TITLE
Executive Officer & GM of Afliated Business Department

Choong-Ryul Paik

TITLE
GM of R&D Headquarters

Kiyokazu Yanagisawa

TITLE
Senior Executive Officer
Board of Directors Tenure

Average tenure and age of the ULVAC board of directors in years:

0.8
Average Tenure
66.5
Average Age
  • The average tenure for the ULVAC board of directors is less than 3 years, this suggests a new board.
Board of Directors

Setsuo Iwashita

TITLE
President
AGE
65
TENURE
7.6 yrs

Masahiko Ishiguro

TITLE
GM of Corporate Sales and Marketing Division
TENURE
0.8 yrs

Hisaharu Obinata

TITLE
Senior Adviser & Director
AGE
69

Mitsuru Motoyoshi

TITLE
Executive VP & Director
AGE
61

Choong-Ryul Paik

TITLE
GM of R&D Headquarters
TENURE
0.8 yrs

Shigemitsu Sato

TITLE
GM of Advanced Manufacturing Division
TENURE
0.8 yrs

Akira Mihayashi

TITLE
External Director
AGE
62

Norio Uchida

TITLE
External Director
AGE
68

Kozo Ishida

TITLE
External Director
AGE
74

Yoshimi Nakajima

TITLE
External Director
TENURE
0.8 yrs
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 ULVAC'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. ULVAC 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

ULVAC, Inc. engages in the development, manufacture, sale, customer support, and import/export of vacuum equipment, peripheral devices, and vacuum components and materials in Japan and internationally. The company offers various equipment, including sputtering, chemical vapor deposition, vacuum evaporation, vapor deposition polymerization, ashing, etching, ion implantation, freeze drying/vacuum drying, and vacuum distillation systems, as well as vacuum furnaces, roll coaters, automatic leak testers, and others. It also provides components that comprise vacuum pumps, including dry, oil rotary, mechanical booster, ion, turbo molecular, oil diffusion, cryo, and titanium getter pumps; vacuum gauges; process gas monitors; leak detectors; thin film measurement/deposition controllers, such as spectroscopic ellipsometers, film thickness measurement equipment, and deposition controllers; optical process monitors; vacuum valves; parts for ultra-high vacuum; power generators; transfer robots; software products; and precise microplate paddle mixers. In addition, the company delivers sputtering targets, high performance materials, and nano-metal inks, as well as offers field, parts supply, surface treatment, analysis, used equipment/refurbishment, and pump maintenance services. It serves display, solar cell, semiconductor, electronics, electrics, metals, machinery, automotive, chemical, food, and pharmaceutical industries, as well as universities and research centers. The company was founded in 1952 and is headquartered in Chigasaki, Japan.

Details
Name: ULVAC, Inc.
ULVA.F
Exchange: OTCPK
Founded: 1952
¥1,439,107,421
49,285,438
Website: http://www.ulvac.co.jp
Address: ULVAC, Inc.
2500 Hagisono,
Chigasaki,
Kanagawa, 253-8543,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6728 Common Stock The Tokyo Stock Exchange JP JPY 20. Apr 2004
OTCPK ULVA.F Common Stock Pink Sheets LLC US USD 20. Apr 2004
Number of employees
Current staff
Staff numbers
6,439
ULVAC employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/08 23:03
End of day share price update: 2019/03/11 00:00
Last estimates confirmation: 2019/06/05
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/06/30


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.