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Ibiden

OTCPK:IBID.F
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IBID.F
OTCPK
¥231B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

IBIDEN Co., Ltd. provides electronic and ceramics products in Japan, Asia, North America, Europe, and internationally. The last earnings update was 41 days ago. More info.


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IBID.F Share Price and Events
7 Day Returns
0%
OTCPK:IBID.F
0.7%
US Electronic
1.6%
US Market
1 Year Returns
-
OTCPK:IBID.F
0%
US Electronic
3.2%
US Market
IBID.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ibiden (IBID.F) 0% 2.1% - - - -
US Electronic 0.7% 0.9% 18.9% 0% 58.7% 59.1%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • No trading data on IBID.F.
  • No trading data on IBID.F.
Price Volatility
IBID.F
Industry
5yr Volatility vs Market
Related Companies

IBID.F Value

 Is Ibiden 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 Ibiden 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    Our intrinsic value calculation method has changed recently, learn more here.

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

OTCPK:IBID.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 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
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:IBID.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 30.86%) (30.96%))
1.201
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.201 * 5.96%)
9.89%

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

The calculations below outline how an intrinsic value for Ibiden 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:IBID.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.89%)
2019 6,135.40 Analyst x5 5,583.27
2020 -5,992.57 Analyst x7 -4,962.55
2021 14,101.29 Analyst x7 10,626.64
2022 21,106.89 Est @ 49.68% 14,474.62
2023 28,619.99 Est @ 35.6% 17,860.68
2024 35,985.57 Est @ 25.74% 20,436.32
2025 42,763.12 Est @ 18.83% 22,099.85
2026 48,751.18 Est @ 14% 22,927.18
2027 53,929.04 Est @ 10.62% 23,079.90
2028 58,380.17 Est @ 8.25% 22,736.44
Present value of next 10 years cash flows ¥154,862.35
OTCPK:IBID.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥58,380.17 × (1 + 2.73%) ÷ (9.89% – 2.73%)
¥837,739.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥837,739.80 ÷ (1 + 9.89%)10
¥326,261.77
OTCPK:IBID.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥154,862.35 + ¥326,261.77
¥481,124.12
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥481,124.12 / 139.72
¥30.08
OTCPK:IBID.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:IBID.F represents 0.00873x of TSE:4062
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00873x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,443.44 x 0.00873
$30.08
Value per share (USD) From above. $30.08
Current discount Discount to share price of $14.43
= -1 x ($14.43 - $30.08) / $30.08
52%

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

Current Discount
Amount off the current price Ibiden is available for.
Intrinsic value
>50%
Share price is $14.43 vs Future cash flow value of $30.08
Current Discount Checks
For Ibiden to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ibiden's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ibiden's share price is below the future cash flow value, and 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 Ibiden's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ibiden's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:IBID.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥18.14
TSE:4062 Share Price ** TSE (2019-03-07) in JPY ¥1652
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.48x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

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

** Primary Listing of Ibiden.

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

= TSE:4062 Share Price ÷ EPS (both in JPY)

= 1652 ÷ 18.14

91.05x

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

  • Ibiden is overvalued based on earnings compared to the US Electronic industry average.
  • Ibiden is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ibiden's expected growth come at a high price?
Raw Data
OTCPK:IBID.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 91.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
82.9%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 91.05x ÷ 82.9%

1.1x

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

  • Ibiden is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ibiden's assets?
Raw Data
OTCPK:IBID.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,931.76
TSE:4062 Share Price * TSE (2019-03-07) in JPY ¥1652
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
OTCPK:IBID.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4062 Share Price ÷ Book Value per Share (both in JPY)

= 1652 ÷ 1,931.76

0.86x

* Primary Listing of Ibiden.

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

  • Ibiden is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Ibiden'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Ibiden 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.

IBID.F Future Performance

 How is Ibiden expected to perform in the next 1 to 3 years based on estimates from 14 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
82.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ibiden expected to grow at an attractive rate?
  • Ibiden's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ibiden's earnings growth is expected to exceed the United States of America market average.
  • Ibiden's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:IBID.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:IBID.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 82.9%
OTCPK:IBID.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.2%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:IBID.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 14 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:IBID.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 312,019 45,830 13,754 13
2020-03-31 301,535 40,699 10,972 14
2019-03-31 298,375 32,434 980 14
OTCPK:IBID.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 300,917 22,379 2,535
2018-09-30 302,675 21,850 10,612
2018-06-30 304,659 22,666 12,423
2018-03-31 300,404 27,040 11,583
2017-12-31 288,342 28,070 4,786
2017-09-30 279,462 30,297 -10,895
2017-06-30 268,567 30,121 -59,415
2017-03-31 266,460 28,813 -62,849
2016-12-31 266,953 30,629 -69,460
2016-09-30 284,892 48,057 -49,419
2016-06-30 305,348 56,997 3,149
2016-03-31 314,119 59,499 7,530

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ibiden's earnings are expected to grow significantly at over 20% yearly.
  • Ibiden's revenue is expected to grow by 2.2% 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:IBID.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 14 Analyst Estimates (S&P Global) See Below

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

OTCPK:IBID.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 98.15 110.90 78.70 13.00
2020-03-31 77.13 90.90 60.42 14.00
2019-03-31 8.07 10.70 6.83 6.00
OTCPK:IBID.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 18.14
2018-09-30 75.95
2018-06-30 88.90
2018-03-31 83.20
2017-12-31 34.79
2017-09-30 -80.17
2017-06-30 -442.68
2017-03-31 -472.26
2016-12-31 -521.94
2016-09-30 -369.61
2016-06-30 23.33
2016-03-31 55.28

*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.
  • Ibiden is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ibiden'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.
Ibiden has a total score of 3/6, 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.

IBID.F Past Performance

  How has Ibiden 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 Ibiden's growth in the last year to its industry (Electronic).
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.
  • Ibiden's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Ibiden's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ibiden's 1-year earnings growth is negative, it can't be compared to the US Electronic industry average.
Earnings and Revenue History
Ibiden'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 Ibiden Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IBID.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 300,917.00 2,535.00 33,243.00 15,369.00
2018-09-30 302,675.00 10,612.00 33,305.00 15,369.00
2018-06-30 304,659.00 12,423.00 33,720.00 15,369.00
2018-03-31 300,404.00 11,583.00 33,816.00 15,369.00
2017-12-31 288,342.00 4,786.00 34,652.00 14,111.00
2017-09-30 279,462.00 -10,895.00 34,424.00 14,111.00
2017-06-30 268,567.00 -59,415.00 34,227.00 14,111.00
2017-03-31 266,460.00 -62,849.00 34,565.00 14,112.00
2016-12-31 266,953.00 -69,460.00 34,584.00 15,203.00
2016-09-30 284,892.00 -49,419.00 35,403.00 15,203.00
2016-06-30 305,348.00 3,149.00 36,598.00 15,203.00
2016-03-31 314,119.00 7,530.00 37,999.00 15,203.00
2015-12-31 322,691.00 20,989.00 37,938.00 15,512.00
2015-09-30 325,711.00 23,266.00 38,501.00 15,512.00
2015-06-30 320,570.00 19,749.00 39,112.00 15,512.00
2015-03-31 318,072.00 19,107.00 39,279.00 15,512.00
2014-12-31 314,173.00 16,729.00 38,045.00 15,031.00
2014-09-30 309,278.00 16,200.00 38,407.00 15,031.00
2014-06-30 310,361.00 16,248.00 37,030.00 15,031.00
2014-03-31 310,268.00 17,479.00 34,868.00 15,031.00
2013-12-31 307,909.00 16,502.00 34,100.00 15,125.00
2013-09-30 296,533.00 10,122.00 32,082.00 15,125.00
2013-06-30 288,090.00 5,724.00 31,176.00 15,125.00
2013-03-31 285,946.00 2,232.00 31,199.00 15,125.00
2012-12-31 294,912.00 11,156.00 31,106.00 16,123.00
2012-09-30 301,784.00 10,667.00 32,638.00 16,123.00
2012-06-30 302,154.00 9,143.00 32,460.00 16,123.00
2012-03-31 300,863.00 10,647.00 33,357.00 16,123.00

*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.
  • Ibiden has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ibiden used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Ibiden's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ibiden'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 Electronic 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.
Ibiden has a total score of 0/6, 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.

IBID.F Health

 How is Ibiden'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 Ibiden's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ibiden is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ibiden's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ibiden'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 3.1x 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 Ibiden Company Filings, last reported 2 months ago.

OTCPK:IBID.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 275,293.00 71,463.00 107,467.00
2018-09-30 293,752.00 71,499.00 114,674.00
2018-06-30 285,573.00 71,593.00 110,858.00
2018-03-31 286,368.00 70,194.00 117,760.00
2017-12-31 293,387.00 70,953.00 117,245.00
2017-09-30 287,397.00 70,661.00 124,976.00
2017-06-30 277,611.00 70,582.00 118,846.00
2017-03-31 260,940.00 70,259.00 104,182.00
2016-12-31 268,075.00 81,500.00 112,091.00
2016-09-30 260,390.00 72,099.00 100,062.00
2016-06-30 301,997.00 72,528.00 101,447.00
2016-03-31 331,519.00 71,788.00 107,964.00
2015-12-31 359,407.00 76,566.00 116,762.00
2015-09-30 363,244.00 77,679.00 116,631.00
2015-06-30 366,766.00 78,456.00 110,516.00
2015-03-31 360,090.00 78,049.00 111,843.00
2014-12-31 362,369.00 78,079.00 107,244.00
2014-09-30 336,591.00 77,739.00 102,189.00
2014-06-30 321,804.00 102,895.00 125,603.00
2014-03-31 322,561.00 63,609.00 92,361.00
2013-12-31 326,854.00 66,041.00 96,773.00
2013-09-30 304,217.00 65,239.00 86,676.00
2013-06-30 297,259.00 65,371.00 81,074.00
2013-03-31 286,704.00 66,645.00 83,230.00
2012-12-31 275,013.00 66,482.00 82,595.00
2012-09-30 258,304.00 65,486.00 85,460.00
2012-06-30 265,355.00 67,269.00 92,158.00
2012-03-31 274,900.00 68,727.00 105,154.00
  • Ibiden's level of debt (26%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.2% vs 26% today).
  • Debt is well covered by operating cash flow (31.3%, greater than 20% of total debt).
  • Ibiden earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ibiden'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. Ibiden has a total score of 5/6, 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.

IBID.F Dividends

 What is Ibiden'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
2.12%
Current annual income from Ibiden dividends. Estimated to be 2.23% next year.
If you bought $2,000 of Ibiden shares you are expected to receive $42 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?
  • Ibiden's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Ibiden's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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:IBID.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 14 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:IBID.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 38.25 13.00
2020-03-31 36.59 14.00
2019-03-31 35.88 14.00
OTCPK:IBID.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-07-06 35.000 2.223
2018-06-15 35.000 1.988
2018-04-26 35.000 1.999
2017-10-30 35.000 2.042
2017-06-16 35.000 1.860
2016-06-17 35.000 2.281
2016-04-27 35.000 2.643
2015-06-17 35.000 2.100
2015-04-30 35.000 1.548
2015-02-13 30.000 1.478
2015-02-04 30.000 1.609
2014-11-11 30.000 1.694
2014-10-30 30.000 1.770
2014-06-20 30.000 1.536
2014-04-30 30.000 1.600
2014-02-13 30.000 1.517
2014-02-04 30.000 1.566
2013-11-11 30.000 1.610
2013-11-01 30.000 1.814
2013-06-21 30.000 1.932
2013-04-25 30.000 1.823
2013-02-12 30.000 2.038
2013-02-05 30.000 2.079
2012-11-12 30.000 2.498
2012-11-01 30.000 3.171
2012-06-20 30.000 2.470
2011-06-22 50.000 2.818
2011-04-27 40.000 1.541
2011-04-26 50.000 1.860
2011-02-10 30.000 1.138
2011-02-01 30.000 1.102
2010-11-12 30.000 1.170
2010-11-02 30.000 1.429
2010-06-22 30.000 1.346
2010-04-27 30.000 1.053
2010-02-12 30.000 0.950
2010-02-03 30.000 0.997
2009-11-12 30.000 0.947
2009-10-30 30.000 0.934
2009-06-23 45.000 1.469
2009-04-28 45.000 1.612
2009-03-23 60.000 2.332

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 Ibiden's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x 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 Ibiden'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 Ibiden afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ibiden has a total score of 1/6, see the detailed checks below.


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

IBID.F Management

 What is the CEO of Ibiden'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
Takeshi Aoki
AGE 60
TENURE AS CEO 1.8 years
CEO Bio

Mr. Takeshi Aoki has been the Chief Executive Officer and President at Ibiden Co., Ltd. since June 2017 and served as its Executive Vice President since March 3 2016. Mr. Aoki served as Senior Managing Officer of Ibiden Co., Ltd. until March 3 2016 and had been its Deputy operation manager of ceramics operations since April 2014 until March 3 2016. Mr. Aoki served as Managing Officer of Ibiden Co., Ltd. He served as Executive Officer at Ibiden Co., Ltd. He has been a Representative Director of Ibiden Co., Ltd June 2013.

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

Average tenure and age of the Ibiden management team in years:

3
Average Tenure
56
Average Age
  • The tenure for the Ibiden management team is about average.
Management Team

Takeshi Aoki

TITLE
President
AGE
60
TENURE
1.8 yrs

Sotaro Ito

TITLE
Senior Managing Officer
TENURE
3 yrs

Koji Kawashima

TITLE
Senior Managing Officer
TENURE
3 yrs

Masahiko Ikuta

TITLE
Executive Managing Officer & Director
AGE
56
TENURE
3 yrs

Tsuyoshi Nishida

TITLE
Executive VP & Representative Director
AGE
62
TENURE
3 yrs

Kozo Kodama

TITLE
Executive VP & Representative Director
AGE
55
TENURE
3 yrs

Kazushige Ohno

TITLE
Managing Officer
AGE
52
TENURE
5.9 yrs

Shuichi Kubo

TITLE
Senior Managing Officer
TENURE
1.9 yrs

Honchin Endo

TITLE
Managing Officer
TENURE
3 yrs

Yasuji Hiramatsu

TITLE
Managing Officer
TENURE
3 yrs
Board of Directors Tenure

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

1.8
Average Tenure
62
Average Age
  • The average tenure for the Ibiden board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hiroki Takenaka

TITLE
Chairman of the Board
AGE
67
TENURE
1.8 yrs

Takeshi Aoki

TITLE
President
AGE
60
TENURE
5.8 yrs

Masahiko Ikuta

TITLE
Executive Managing Officer & Director
AGE
56
TENURE
0.8 yrs

Tsuyoshi Nishida

TITLE
Executive VP & Representative Director
AGE
62
TENURE
5.8 yrs

Kozo Kodama

TITLE
Executive VP & Representative Director
AGE
55
TENURE
3 yrs

Keiichi Sakashita

TITLE
Director
AGE
62
TENURE
1.8 yrs

Yoichi Kuwayama

TITLE
Director
AGE
60
TENURE
1.8 yrs

Chiaki Yamaguchi

TITLE
Outside Director
AGE
69
TENURE
4.8 yrs

Fumio Kato

TITLE
Outside Director
AGE
74
TENURE
1.8 yrs

Masaki Horie

TITLE
Outside Director
AGE
69
TENURE
1.8 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 Ibiden'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. Ibiden 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.

IBID.F News

Simply Wall St News

IBID.F Company Info

Description

IBIDEN Co., Ltd. provides electronic and ceramics products in Japan, Asia, North America, Europe, and internationally. It operates through three segments: Electronics Operation, Ceramics Operation, and Other Operation. The company offers printed wiring boards for use in mobile electronic equipment/information communication infrastructure; and package substrates for computers, mobile devices, and home information appliances. It also provides free via stacked up structures, build-up FC-CSP products, build-up substrates, and flip chip packages, as well as IC package substrates. In addition, the company offers diesel particulate filters; substrate holding mats; NOx reduction catalysts; high temperature insulation wool products; and fine ceramics products, as well as graphite specialty products for semiconductor manufacturing equipment and new energy-related products. Further, it provides ceramics fibers, automotive exhaust system components, SCR catalysts, and ceramic honeycombs; decorative interior laminates for use in residential housing equipment, commercial facilities, offices, hospitals, etc.; and construction materials, as well as develops houses. Additionally, the company provides garden and slope construction services; generates hydroelectric and solar power; installs industrial equipment; develops medical software packages; and sells information and communication terminals, welfare vehicles, and oil products. It also engages in environmental engineering and synthetic resin processing businesses. The company was formerly known as Ibigawa Electric Power Co., Ltd. and changed its name to IBIDEN Co., Ltd. in November 1982. IBIDEN Co., Ltd. was founded in 1912 and is headquartered in Ogaki, Japan.

Details
Name: Ibiden Co., Ltd.
IBID.F
Exchange: OTCPK
Founded: 1912
¥2,073,118,006
139,722,130
Website: http://www.ibiden.co.jp
Address: Ibiden Co., Ltd.
2-1, Kanda-cho,
Ogaki,
Gifu, 503-8604,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4062 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK IBID.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB IBI Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
15,574
Ibiden employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:06
End of day share price update: 2019/03/07 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.