OTCPK:KNCA.F

Stock Analysis Report

Executive Summary

Konica Minolta, Inc. engages in Office, professional print, healthcare, and industrial businesses in Japan, the United States, European countries, China, other Asian countries, and internationally.


Snowflake Analysis

Moderate growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has Konica Minolta's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

KNCA.F

-12.6%

US Tech

-10.6%

US Market


1 Year Return

n/a

KNCA.F

49.6%

US Tech

5.2%

US Market

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

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


Shareholder returns

KNCA.FIndustryMarket
7 Day0%-12.6%-10.6%
30 Day-10.0%-15.6%-8.5%
90 Dayn/a1.3%-4.6%
1 Yearn/a51.8%49.6%7.4%5.2%
3 Year-34.9%-34.9%91.3%78.6%31.7%23.2%
5 Year-41.5%-41.5%116.0%95.0%56.4%39.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Konica Minolta undervalued compared to its fair value and its price relative to the market?

29.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KNCA.F ($6.09) is trading above our estimate of fair value ($3.71)

Significantly Below Fair Value: KNCA.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KNCA.F is poor value based on its PE Ratio (29.7x) compared to the Tech industry average (18.9x).

PE vs Market: KNCA.F is poor value based on its PE Ratio (29.7x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: KNCA.F is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: KNCA.F is good value based on its PB Ratio (0.6x) compared to the US Tech industry average (1.8x).


Next Steps

Future Growth

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

33.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KNCA.F's forecast earnings growth (33.9% per year) is above the savings rate (1.7%).

Earnings vs Market: KNCA.F's earnings (33.9% per year) are forecast to grow faster than the US market (13% per year).

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

Revenue vs Market: KNCA.F's revenue (2.2% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: KNCA.F's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KNCA.F's Return on Equity is forecast to be low in 3 years time (5.7%).


Next Steps

Past Performance

How has Konica Minolta performed over the past 5 years?

-5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KNCA.F has a large one-off gain of ¥12.7B impacting its December 31 2019 financial results.

Growing Profit Margin: KNCA.F's current net profit margins (1%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: KNCA.F's earnings have declined by -5.5% per year over the past 5 years.

Accelerating Growth: KNCA.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: KNCA.F had negative earnings growth (-78.6%) over the past year, making it difficult to compare to the Tech industry average (-3.2%).


Return on Equity

High ROE: KNCA.F's Return on Equity (1.9%) is considered low.


Next Steps

Financial Health

How is Konica Minolta's financial position?


Financial Position Analysis

Short Term Liabilities: KNCA.F's short term assets (¥567.2B) exceed its short term liabilities (¥312.2B).

Long Term Liabilities: KNCA.F's short term assets (¥567.2B) exceed its long term liabilities (¥448.4B).


Debt to Equity History and Analysis

Debt Level: KNCA.F's debt to equity ratio (52.9%) is considered high.

Reducing Debt: KNCA.F's debt to equity ratio has increased from 34% to 52.9% over the past 5 years.

Debt Coverage: KNCA.F's debt is not well covered by operating cash flow (11.1%).

Interest Coverage: KNCA.F's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet

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

Debt Coverage by Assets: KNCA.F's debt is covered by short term assets (assets are 2x debt).


Next Steps

Dividend

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

4.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KNCA.F's dividend (4.93%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: KNCA.F's dividend (4.93%) is in the top 25% of dividend payers in the US market (4.09%)


Stability and Growth of Payments

Stable Dividend: KNCA.F's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (146.4%), KNCA.F's dividend payments are not 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?

5.3yrs

Average management tenure


CEO

Shoei Yamana (65yo)

5.8yrs

Tenure

JP¥134,000,000

Compensation

Mr. Shoei Yamana has been the Chief Executive Officer, President and Representative Executive Officer of Konica Minolta, Inc. since April 1, 2014. Mr. Yamana is the Vice President of Strategic and Business ...


CEO Compensation Analysis

Compensation vs Market: Shoei's total compensation ($USD1.22M) is below average for companies of similar size in the US market ($USD5.04M).

Compensation vs Earnings: Shoei's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Shoei Yamana
President5.8yrsJP¥134.00m0.014% ¥381.2k
Richard K. Taylor
Executive Officer3.8yrsJP¥180.00mno data
Tetsuya Matsueda
Executive Officer & GM of Legal Division0yrsno data0.0016% ¥44.3k
Kazuyoshi Hata
Senior Executive Officer1.7yrsno data0.0038% ¥105.0k
Tsukasa Wakashima
Senior Executive Officer5.8yrsno data0.0034% ¥94.1k
Ken Osuga
Executive Officer5.8yrsno data0.0057% ¥154.8k
Seiji Hatano
Senior Executive Officer & Director5.7yrsno data0.0032% ¥88.3k
Ikuo Nakagawa
Senior Executive Officer1.8yrsno data0.0036% ¥99.5k
Yuji Ichimura
Senior Executive Officer & Division President of Industrial Optical System Business Headquarters0yrsno data0.0018% ¥49.8k
Noriyasu Kuzuhara
Senior Exec. Officer4.8yrsno data0.0018% ¥49.8k

5.3yrs

Average Tenure

60yo

Average Age

Experienced Management: KNCA.F's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shoei Yamana
President5.8yrsJP¥134.00m0.014% ¥381.2k
Seiji Hatano
Senior Executive Officer & Director5.7yrsno data0.0032% ¥88.3k
Toshimitsu Taiko
Senior Exec. Officer1.7yrsno data0.0024% ¥66.4k
Masafumi Uchida
Senior Executive Officer0.7yrsno data0.0018% ¥49.8k
Takashi Hatchoji
Outside Director2.7yrsno datano data
Taketsugu Fujiwara
Outside Director1.7yrsno datano data
Masatoshi Matsuzaki
Chairman of the Board5.8yrsno data0.019% ¥525.0k
Kimikazu Noumi
Outside Director3.7yrsno data0.0016% ¥44.3k
Hiroyuki Suzuki
Director0.7yrsno data0.0020% ¥55.2k
Toyotsugu Itoh
Director1.7yrsno data0.0042% ¥115.9k

2.2yrs

Average Tenure

65yo

Average Age

Experienced Board: KNCA.F's board of directors are not considered experienced ( 2.2 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

Konica Minolta, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Konica Minolta, Inc.
  • Ticker: KNCA.F
  • Exchange: OTCPK
  • Founded: 1873
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: JP¥300.853b
  • Listing Market Cap: JP¥2.734b
  • Shares outstanding: 494.82m
  • Website: https://www.konicaminolta.com

Number of Employees


Location

  • Konica Minolta, Inc.
  • JP Tower
  • 2-7-2 Marunouchi
  • Tokyo
  • 100-7015
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KNCA.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
4902TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
KPI1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
KNCA.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Konica Minolta, Inc. engages in Office, professional print, healthcare, and industrial businesses in Japan, the United States, European countries, China, other Asian countries, and internationally. The company develops, manufactures, and sells multi-functional peripherals, laser printers, filing devices, software and peripheral devices, digital color printing systems, digital monochrome printing systems, inkjet print heads, inkjet textile printers, and inkjet inks, as well as print and cloud services. It also offers healthcare systems, such as diagnostic ultrasound systems, digital X-ray diagnostic imaging systems, digital mammography systems, and medical imaging filling systems, as well as medical management ICT services. In addition, the company provides measuring instruments, including colorimeters, luminance meters, spectrophotometers, and photovoltaic reference cells; TAC films for liquid crystal displays; organic light emitting diode lighting products; lenses for industrial and professional use; and functional films. Further, it manages and operates planetarium facilities. Konica Minolta, Inc. was founded in 1873 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:53
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.