OTCPK:HPHT.F

Stock Analysis Report

Hamamatsu Photonics K.K

Executive Summary

Hamamatsu Photonics K.K. manufactures and sells photomultiplier tubes, imaging devices, light sources, opto-semiconductors, and imaging and analyzing systems in Japan and internationally.

Rewards

Earnings are forecast to grow 10.54% per year

Risk Analysis

No risks detected for HPHT.F from our risk checks.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Hamamatsu Photonics K.K's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HPHT.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

n/a

HPHT.F

1.7%

US Electronic

1.5%

US Market


1 Year Return

n/a

HPHT.F

10.4%

US Electronic

20.1%

US Market

Return vs Industry: Insufficient data to determine how HPHT.F performed against the US Electronic industry.

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


Shareholder returns

HPHT.FIndustryMarket
7 Dayn/a1.7%1.5%
30 Dayn/a-4.7%1.4%
90 Dayn/a2.4%8.7%
1 Yearn/a11.5%10.4%22.7%20.1%
3 Yearn/a37.4%33.6%50.1%40.5%
5 Yearn/a70.5%62.1%73.1%54.1%

Price Volatility Vs. Market

How volatile is Hamamatsu Photonics K.K's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hamamatsu Photonics K.K undervalued compared to its fair value and its price relative to the market?

38.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HPHT.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HPHT.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HPHT.F is poor value based on its PE Ratio (38.3x) compared to the Electronic industry average (20.2x).

PE vs Market: HPHT.F is poor value based on its PE Ratio (38.3x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: HPHT.F is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: HPHT.F is overvalued based on its PB Ratio (3.6x) compared to the US Electronic industry average (1.9x).


Next Steps

Future Growth

How is Hamamatsu Photonics K.K forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HPHT.F's forecast earnings growth (10.5% per year) is above the savings rate (1.7%).

Earnings vs Market: HPHT.F's earnings (10.5% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: HPHT.F's revenue (5.5% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: HPHT.F's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HPHT.F's Return on Equity is forecast to be low in 3 years time (11.7%).


Next Steps

Past Performance

How has Hamamatsu Photonics K.K performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HPHT.F has high quality earnings.

Growing Profit Margin: HPHT.F's current net profit margins (13.1%) are lower than last year (15%).


Past Earnings Growth Analysis

Earnings Trend: HPHT.F's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: HPHT.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HPHT.F had negative earnings growth (-12.8%) over the past year, making it difficult to compare to the Electronic industry average (14.6%).


Return on Equity

High ROE: HPHT.F's Return on Equity (9.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hamamatsu Photonics K.K's financial position?


Financial Position Analysis

Short Term Liabilities: HPHT.F's short term assets (¥154.7B) exceed its short term liabilities (¥35.1B).

Long Term Liabilities: HPHT.F's short term assets (¥154.7B) exceed its long term liabilities (¥17.2B).


Debt to Equity History and Analysis

Debt Level: HPHT.F's debt to equity ratio (3.9%) is considered satisfactory.

Reducing Debt: HPHT.F's debt to equity ratio has reduced from 5.1% to 3.9% over the past 5 years.

Debt Coverage: HPHT.F's debt is well covered by operating cash flow (389.2%).

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


Balance Sheet

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

Debt Coverage by Assets: HPHT.F's debt is covered by short term assets (assets are 19.5x debt).


Next Steps

Dividend

What is Hamamatsu Photonics K.K's current dividend yield, its reliability and sustainability?

0.85%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Years1.0%

Current dividend yield vs market & industry

Notable Dividend: HPHT.F's dividend (0.85%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: HPHT.F's dividend (0.85%) is low compared to the top 25% of dividend payers in the US market (3.69%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.6%), HPHT.F'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?


CEO

Akira Hiruma 0

0

Mr. Akira Hiruma serves as the Chief Executive Officer, President and Representative Director of Hamamatsu Photonics k.k. Mr. Hiruma served as an Outside Director of Roland DG Corporation until April 12, 2 ...


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

Hamamatsu Photonics K.K.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hamamatsu Photonics K.K.
  • Ticker: HPHT.F
  • Exchange: OTCPK
  • Founded: 1948
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥727.622b
  • Listing Market Cap: JP¥6.628b
  • Shares outstanding: 154.81m
  • Website: https://www.hamamatsu.com

Number of Employees


Location

  • Hamamatsu Photonics K.K.
  • 325-6, Sunayama-cho
  • Naka-ku
  • Hamamatsu
  • Shizuoka
  • 430-8587
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6965TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
HPHT.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
HPHT.YOTCPK (Pink Sheets LLC)ADRUSUSDMay 2014

Biography

Hamamatsu Photonics K.K. manufactures and sells photomultiplier tubes, imaging devices, light sources, opto-semiconductors, and imaging and analyzing systems in Japan and internationally. The company operates through three segments: Electron Tube, Opto-Semiconductor, and Imaging and Measurement Instruments. The Electron Tube segment provides photomultiplier tubes, electron multipliers, microchannel plates, image intensifiers, X-ray products, and various light sources for use in medical, chemical analysis, measurement, industrial testing, and academic research applications. The Opto-Semiconductor segment offers silicon photodiodes, photo IC components, position sensitive and infrared detectors, image sensors for low-light-level imaging and X-ray imaging, mini-spectrometers, and light emitting devices for applications in medical imaging, high-energy physics, and scientific measurement. The Imaging and Measurement Instruments segment provides a range of cameras for scientific and industrial applications, as well as specialized instruments for use in the fields of pharmaceutical development, semiconductor manufacturing, X-ray nondestructive inspection, spectrophotometry, and optical communications. Hamamatsu Photonics K.K. is also involved in the semiconductor laser and hotel operation businesses. The company was formerly known as Hamamatsu TV Co., Ltd. Hamamatsu Photonics K.K. was founded in 1948 and is headquartered in Hamamatsu, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:20
End of Day Share Price2020/02/06 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


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.