OTCPK:OKIE.Y

Stock Analysis Report

Oki Electric Industry

Executive Summary

Oki Electric Industry Co., Ltd. manufactures and sells products, technologies, software, and solutions for telecommunication and information systems in Japan and internationally.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Oki Electric Industry's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

OKIE.Y

-7.8%

US Electronic

-7.6%

US Market


1 Year Return

n/a

OKIE.Y

0.5%

US Electronic

10.2%

US Market

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

Return vs Market: Insufficient data to determine how OKIE.Y performed against the US Market.


Shareholder returns

OKIE.YIndustryMarket
7 Day0%-7.8%-7.6%
30 Day0%-9.0%-4.5%
90 Dayn/a-7.2%-0.6%
1 Yearn/a1.5%0.5%12.5%10.2%
3 Yearn/a26.5%22.9%37.1%28.3%
5 Year-35.2%-35.2%56.3%48.5%60.8%43.2%

Price Volatility Vs. Market

How volatile is Oki Electric Industry's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Oki Electric Industry undervalued compared to its fair value and its price relative to the market?

6.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OKIE.Y ($13.93) is trading above our estimate of fair value ($13.44)

Significantly Below Fair Value: OKIE.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OKIE.Y is good value based on its PE Ratio (6.4x) compared to the Electronic industry average (18.3x).

PE vs Market: OKIE.Y is good value based on its PE Ratio (6.4x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: OKIE.Y is poor value based on its PEG Ratio (8.1x)


Price to Book Ratio

PB vs Industry: OKIE.Y is good value based on its PB Ratio (1x) compared to the US Electronic industry average (1.9x).


Next Steps

Future Growth

How is Oki Electric Industry forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OKIE.Y's forecast earnings growth (0.8% per year) is below the savings rate (1.7%).

Earnings vs Market: OKIE.Y's earnings (0.8% per year) are forecast to grow slower than the US market (13.2% per year).

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

Revenue vs Market: OKIE.Y's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: OKIE.Y's revenue is forecast to decline over the next 3 years (-0.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OKIE.Y's Return on Equity is forecast to be low in 3 years time (13.3%).


Next Steps

Past Performance

How has Oki Electric Industry performed over the past 5 years?

-20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OKIE.Y has high quality earnings.

Growing Profit Margin: OKIE.Y's current net profit margins (3.6%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: OKIE.Y's earnings have declined by -20% per year over the past 5 years.

Accelerating Growth: OKIE.Y's earnings growth over the past year (72.9%) exceeds its 5-year average (-20% per year).

Earnings vs Industry: OKIE.Y earnings growth over the past year (72.9%) exceeded the Electronic industry 12%.


Return on Equity

High ROE: OKIE.Y's Return on Equity (16.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Oki Electric Industry's financial position?


Financial Position Analysis

Short Term Liabilities: OKIE.Y's short term assets (¥228.6B) exceed its short term liabilities (¥175.9B).

Long Term Liabilities: OKIE.Y's short term assets (¥228.6B) exceed its long term liabilities (¥91.7B).


Debt to Equity History and Analysis

Debt Level: OKIE.Y's debt to equity ratio (64.6%) is considered high.

Reducing Debt: OKIE.Y's debt to equity ratio has reduced from 117.8% to 64.6% over the past 5 years.

Debt Coverage: OKIE.Y's debt is well covered by operating cash flow (21.7%).

Interest Coverage: OKIE.Y's interest payments on its debt are well covered by EBIT (91.4x coverage).


Balance Sheet

Inventory Level: OKIE.Y has a high level of physical assets or inventory.

Debt Coverage by Assets: OKIE.Y's debt is covered by short term assets (assets are 3.4x debt).


Next Steps

Dividend

What is Oki Electric Industry's current dividend yield, its reliability and sustainability?

3.94%

Current Dividend Yield


Dividend Yield vs Market

company3.9%marketbottom25%1.5%markettop25%4.0%industryaverage1.7%forecastin3Years5.0%

Current dividend yield vs market & industry

Notable Dividend: OKIE.Y's dividend (3.94%) is higher than the bottom 25% of dividend payers in the US market (1.53%).

High Dividend: OKIE.Y's dividend (3.94%) is low compared to the top 25% of dividend payers in the US market (3.96%).


Stability and Growth of Payments

Stable Dividend: OKIE.Y has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: OKIE.Y's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.2%), OKIE.Y'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?

2.8yrs

Average management tenure


CEO

Shinya Kamagami (60yo)

3.8yrs

Tenure

0

Mr. Shinya Kamagami has been the President of Oki Electric Industry Co., Ltd since April 1, 2016 and served as its Senior Vice President from April 2012 to April 1, 2016. Mr. Kamagami joined Oki Electric I ...


Leadership Team

NamePositionTenureCompensationOwnership
Shinya Kamagami
President & Representative Director3.8yrsno data0.011% ¥106.7k
Masayuki Hoshi
Senior EVP3.7yrsno data0.0042% ¥41.3k
Masashi Fuse
Sr. Exe. Officer0.7yrsno data0.0025% ¥25.2k
Toru Miyazawa
Senior VP & Head of Marketing and Sales Group1.1yrsno datano data
Masasuke Kishi
Executive VP & Head of Electronics Manufacturing Services Business Group2.1yrsno datano data
Kenichi Tamura
Senior VP & Head of Mechatronics Systems Business Group0yrsno datano data
Toru Hatano
Senior Vice President3.8yrsno datano data
Masashi Tsuboi
Senior VP1.1yrsno data0.0056% ¥55.1k
Yuichiro Katagiri
Executive Officer0yrsno datano data
Hiroshi Tsuchiya
Executive Officer & Head of Risk Management Division3.8yrsno datano data

2.8yrs

Average Tenure

60.5yo

Average Age

Experienced Management: OKIE.Y's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shinya Kamagami
President & Representative Director3.8yrsno data0.011% ¥106.7k
Masayuki Hoshi
Senior EVP3.7yrsno data0.0042% ¥41.3k
Masashi Fuse
Sr. Exe. Officer0.7yrsno data0.0025% ¥25.2k
Masashi Tsuboi
Senior VP1.1yrsno data0.0056% ¥55.1k
Hideichi Kawasaki
Chairman of The Board3.8yrsno data0.020% ¥195.1k
Makoto Kigawa
Independent Outside Director1.1yrsno datano data
Tamotsu Saito
Independent Outside Director1.7yrsno data0.00058% ¥5.8k
Sei Yano
Standing Audit & Supervisory Board Member2.6yrsno data0.0086% ¥84.9k
Izumi Kawashima
Independent Outside Director1.7yrsno data0.00012% ¥1.2k
Shigeru Asaba
Independent Outside Director2.6yrsno datano data

2.1yrs

Average Tenure

64yo

Average Age

Experienced Board: OKIE.Y's board of directors are not considered experienced ( 2.1 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

Oki Electric Industry Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oki Electric Industry Co., Ltd.
  • Ticker: OKIE.Y
  • Exchange: OTCPK
  • Founded: 1881
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: JP¥109.717b
  • Listing Market Cap: JP¥992.649m
  • Shares outstanding: 86.53m
  • Website: https://www.oki.com

Number of Employees


Location

  • Oki Electric Industry Co., Ltd.
  • 1-7-12 Toranomon
  • Minato-ku
  • Tokyo
  • 105-8460
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OKIE.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
6703TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
OKIDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
OKIE.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Oki Electric Industry Co., Ltd. manufactures and sells products, technologies, software, and solutions for telecommunication and information systems in Japan and internationally. It operates through four segments: ICT, Mechatronics Systems, Printers, and EMS. The company offers transportation infrastructure systems, disaster prevention related systems, defense related systems, communication equipment for telecommunication carriers, financial branch office systems, administrative centralized systems, reservation ticketing systems, IP-PBX, business phones, contact centers, 920 MHz multi-hop wireless systems, etc., as well as maintenance and construction services. It also provides mechatronics systems, including automated teller machines (ATMs), cash handling machines, bank branch terminals, reservation ticket issuing terminals, check-in terminals, foreign currency exchange machines, ATM monitoring and operations services, etc.; and printers, such as color/monochrome LED printers, color/monochrome LED multifunction printers, large format inkjet printers, dot impact printers, wide format inkjet printers, wide format multi-function printers, LED print heads, etc. In addition, the company offers EMS services, such as consigned design and manufacturing services, printed wiring boards, etc. Further, it provides reliability testing and environmental conservation related services. Oki Electric Industry Co., Ltd. was founded in 1881 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 Analysis2020/02/27 01:39
End of Day Share Price2019/12/20 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.