OTCPK:RICO.Y

Stock Analysis Report

Executive Summary

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Ricoh Company's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

n/a

RICO.Y

-12.6%

US Tech

-10.6%

US Market


1 Year Return

-12.9%

RICO.Y

49.6%

US Tech

5.2%

US Market

Return vs Industry: RICO.Y underperformed the US Tech industry which returned 61.2% over the past year.

Return vs Market: RICO.Y underperformed the US Market which returned 10.2% over the past year.


Shareholder returns

RICO.YIndustryMarket
7 Dayn/a-12.6%-10.6%
30 Dayn/a-15.6%-8.5%
90 Day-13.8%1.3%-4.6%
1 Year-12.9%-12.9%51.8%49.6%7.4%5.2%
3 Year5.6%5.6%91.3%78.6%31.7%23.2%
5 Year-12.1%-12.1%116.0%95.0%56.4%39.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Ricoh Company undervalued compared to its fair value and its price relative to the market?

21.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RICO.Y ($9.62) is trading below our estimate of fair value ($11.97)

Significantly Below Fair Value: RICO.Y is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: RICO.Y is good value based on its PE Ratio (19.2x) compared to the Tech industry average (20x).

PE vs Market: RICO.Y is poor value based on its PE Ratio (19.2x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: RICO.Y is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: RICO.Y is good value based on its PB Ratio (0.8x) compared to the US Tech industry average (1.8x).


Next Steps

Future Growth

How is Ricoh Company forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RICO.Y's forecast earnings growth (9.8% per year) is above the savings rate (1.7%).

Earnings vs Market: RICO.Y's earnings (9.8% per year) are forecast to grow slower than the US market (13.2% per year).

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

Revenue vs Market: RICO.Y's revenue (1.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: RICO.Y's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RICO.Y's Return on Equity is forecast to be low in 3 years time (7.2%).


Next Steps

Past Performance

How has Ricoh Company performed over the past 5 years?

-35.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RICO.Y has a large one-off gain of ¥19.8B impacting its December 31 2019 financial results.

Growing Profit Margin: RICO.Y became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RICO.Y's earnings have declined by -35.7% per year over the past 5 years.

Accelerating Growth: RICO.Y has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RICO.Y has become profitable in the last year, making it difficult to compare its past year earnings growth to the Tech industry (-3.2%).


Return on Equity

High ROE: RICO.Y's Return on Equity (4.5%) is considered low.


Next Steps

Financial Health

How is Ricoh Company's financial position?


Financial Position Analysis

Short Term Liabilities: RICO.Y's short term assets (¥1,397.7B) exceed its short term liabilities (¥843.4B).

Long Term Liabilities: RICO.Y's short term assets (¥1,397.7B) exceed its long term liabilities (¥997.8B).


Debt to Equity History and Analysis

Debt Level: RICO.Y's debt to equity ratio (100.2%) is considered high.

Reducing Debt: RICO.Y's debt to equity ratio has increased from 67.6% to 100.2% over the past 5 years.

Debt Coverage: RICO.Y's debt is not well covered by operating cash flow (10.1%).

Interest Coverage: RICO.Y's interest payments on its debt are well covered by EBIT (236.8x coverage).


Balance Sheet

Inventory Level: RICO.Y has a low level of unsold assets or inventory.

Debt Coverage by Assets: RICO.Y's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is Ricoh Company's current dividend yield, its reliability and sustainability?

2.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RICO.Y's dividend (2.43%) is higher than the bottom 25% of dividend payers in the US market (1.53%).

High Dividend: RICO.Y's dividend (2.43%) is low compared to the top 25% of dividend payers in the US market (3.96%).


Stability and Growth of Payments

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

Growing Dividend: RICO.Y's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.7%), RICO.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

Yoshinori Yamashita (62yo)

2.8yrs

Tenure

Mr. Yoshinori Yamashita has been Chief Executive Officer and President at Ricoh Company, Ltd. since April 1, 2017. Mr. Yamashita served as Deputy President at Ricoh Company, Ltd. since June 22, 2016 until  ...


Leadership Team

NamePositionTenureCompensationOwnership
Yoshinori Yamashita
CEO, President & Director2.8yrsno data0.0044% ¥302.7k
Hidetaka Matsuishi
CFO, Corporate Executive VP1.7yrsno data0.00072% ¥49.3k
Seiji Sakata
CTO, Corporate Executive VP & Director1.7yrsno data0.0017% ¥115.0k
Shinji Sato
Corporate VP & GM of Finance and Legal Division0yrsno datano data
Akira Oyama
CMO, Corporate Executive VP and GM of Sales & Marketing Group0yrsno datano data
Kazuhiro Tsuji
Corporate VP & GM of Human Resources Division0yrsno datano data
Kazuo Nishinomiya
Corporate Senior VP & GM of Production Division0yrsno datano data
Hisao Murayama
Corporate Senior VP & GM of Quality Management Division0yrsno datano data
Yasutomo Mori
Corporate Senior VP & GM of Industrial Products Business Group2.8yrsno datano data
Katsunori Nakata
Corporate Senior VP & GM of Office Printing Business Group6.8yrsno datano data

2.8yrs

Average Tenure

60yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Yoshinori Yamashita
CEO, President & Director2.8yrsno data0.0044% ¥302.7k
Hidetaka Matsuishi
CFO, Corporate Executive VP1.7yrsno data0.00072% ¥49.3k
Seiji Sakata
CTO, Corporate Executive VP & Director1.7yrsno data0.0017% ¥115.0k
Makoto Azuma
Outside Director5.7yrsno datano data
Nobuo Inaba
Chairman of the Board0yrsno data0.0029% ¥198.6k
Katsumi Kurihara
Audit & Supervisory Board Member3.7yrsno data0.00097% ¥66.4k
Masami Iijima
Outside Director3.7yrsno data0.00084% ¥57.5k
Mutsuko Hatano
Outside Director3.7yrsno data0.00041% ¥28.1k
Takashi Narusawa
Outside Audit & Supervisory Board Member3.7yrsno data0.00069% ¥47.2k
Kazuhiro Mori
Outside Director1.7yrsno data0.00029% ¥19.9k

3.7yrs

Average Tenure

63yo

Average Age

Experienced Board: RICO.Y's board of directors are considered experienced (3.7 years average tenure).


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

Ricoh Company, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ricoh Company, Ltd.
  • Ticker: RICO.Y
  • Exchange: OTCPK
  • Founded: 1936
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: JP¥753.413b
  • Listing Market Cap: JP¥6.848b
  • Shares outstanding: 724.44m
  • Website: https://www.ricoh.co.jp

Number of Employees


Location

  • Ricoh Company, Ltd.
  • Shiba Park First Building
  • 3-8-2 Shiba
  • Tokyo
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RICO.YOTCPK (Pink Sheets LLC)ADR NEWUSUSDAug 1984
7752TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
RIC1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
RICOLSE (London Stock Exchange)YesCommon StockGBJPYJan 1992
RICO.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The company offers MFP/laser printers, gel jet printers, production printers, projectors, video conference products, Web conference systems, interactive whiteboards (electronic blackboards), digital signage products, digital cameras, LED lighting products, 3D printers, FA cameras, RFID products, and various RFID software products. It also provides managed document, production printing, IT infrastructure, communication, business process, sustainability management, SI application, and workplace services. In addition, the company sells imaging equipment, such as MFPs and printers, consumables, and ICT related products; provides system integration services; and designs and develops software. The company was formerly known as Riken Optical Co., Ltd. and changed its name to Ricoh Company, Ltd. in 1963. Ricoh Company, Ltd. was founded in 1936 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 00:44
End of Day Share Price2020/02/27 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.