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Sanshin Electronics

OTCPK:SSNE.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SSNE.F
OTCPK
¥36B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Sanshin Electronics Co., Ltd. sells and trades in electronic components and devices in Japan and internationally. The last earnings update was 44 days ago. More info.


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SSNE.F Share Price and Events
7 Day Returns
0%
OTCPK:SSNE.F
-2.7%
US Electronic
-1.1%
US Market
1 Year Returns
-
OTCPK:SSNE.F
3.5%
US Electronic
6.4%
US Market
SSNE.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sanshin Electronics (SSNE.F) 0% 0% - - - -
US Electronic -2.7% -2.5% 22.5% 3.5% 56.7% 56.4%
US Market -1.1% 0.3% 16.7% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • No trading data on SSNE.F.
  • No trading data on SSNE.F.
Price Volatility
SSNE.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sanshin Electronics's competitors could be found in our database.

SSNE.F Value

 Is Sanshin Electronics 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 Sanshin Electronics 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

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

OTCPK:SSNE.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.5%
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:SSNE.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))
= 1.065 (1 + (1- 30.86%) (85.4%))
1.465
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.465 * 5.96%)
11.46%

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

The calculations below outline how an intrinsic value for Sanshin Electronics 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:SSNE.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 11.46%)
2019 633.75 Est @ 4.75% 568.57
2020 660.03 Est @ 4.15% 531.26
2021 684.60 Est @ 3.72% 494.37
2022 708.04 Est @ 3.42% 458.72
2023 730.81 Est @ 3.22% 424.78
2024 753.25 Est @ 3.07% 392.80
2025 775.61 Est @ 2.97% 362.87
2026 798.08 Est @ 2.9% 334.98
2027 820.80 Est @ 2.85% 309.09
2028 843.88 Est @ 2.81% 285.10
Present value of next 10 years cash flows ¥4,162.56
OTCPK:SSNE.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥843.88 × (1 + 2.73%) ÷ (11.46% – 2.73%)
¥9,927.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥9,927.78 ÷ (1 + 11.46%)10
¥3,354.10
OTCPK:SSNE.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥4,162.56 + ¥3,354.10
¥7,516.66
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥7,516.66 / 19.18
¥391.94
OTCPK:SSNE.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SSNE.F represents 0.00948x of TSE:8150
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00948x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 391.94 x 0.00948
$3.71
Value per share (USD) From above. $3.71
Current discount Discount to share price of $17.55
= -1 x ($17.55 - $3.71) / $3.71
-372.5%

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

  • The current share price of Sanshin Electronics is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Sanshin Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sanshin Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SSNE.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥55.42
TSE:8150 Share Price ** TSE (2019-01-09) in JPY ¥1852
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.06x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.15x

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

** Primary Listing of Sanshin Electronics.

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

= TSE:8150 Share Price ÷ EPS (both in JPY)

= 1852 ÷ 55.42

33.42x

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

  • Sanshin Electronics is overvalued based on earnings compared to the US Electronic industry average.
  • Sanshin Electronics is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sanshin Electronics's expected growth come at a high price?
Raw Data
OTCPK:SSNE.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
27.3%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.5x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Sanshin Electronics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sanshin Electronics's assets?
Raw Data
OTCPK:SSNE.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥2,191.19
TSE:8150 Share Price * TSE (2019-01-09) in JPY ¥1852
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.01x
United States of America Market PB Ratio Median Figure of 5,164 Publicly-Listed Companies 1.84x
OTCPK:SSNE.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8150 Share Price ÷ Book Value per Share (both in JPY)

= 1852 ÷ 2,191.19

0.85x

* Primary Listing of Sanshin Electronics.

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

  • Sanshin Electronics is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Sanshin Electronics'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. Sanshin Electronics has a total score of 1/6, 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.

SSNE.F Future Performance

 How is Sanshin Electronics expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Sanshin Electronics, future earnings growth has been estimated based on fundamentals.
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
27.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sanshin Electronics expected to grow at an attractive rate?
  • Sanshin Electronics's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Sanshin Electronics's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Sanshin Electronics's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:SSNE.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SSNE.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 27.3%
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 14.2%
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:SSNE.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 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SSNE.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:SSNE.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 152,944 1,314
2018-09-30 150,770 7,387 1,024
2018-06-30 151,452 868
2018-03-31 157,257 -1,996 947
2017-12-31 163,162 521
2017-09-30 161,252 3,399 747
2017-06-30 163,785 -659
2017-03-31 167,654 5,068 -1,575
2016-12-31 169,339 -1,645
2016-09-30 180,992 -4,511 -1,789
2016-06-30 191,528 -164
2016-03-31 199,075 -5,186 977

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sanshin Electronics's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Sanshin Electronics is high growth as no revenue estimate data is available.
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:SSNE.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 0 Analyst Estimates (S&P Global) See Below

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

OTCPK:SSNE.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:SSNE.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 55.42
2018-09-30 39.44
2018-06-30 30.80
2018-03-31 33.61
2017-12-31 18.49
2017-09-30 26.51
2017-06-30 -23.39
2017-03-31 -55.89
2016-12-31 -58.38
2016-09-30 -63.49
2016-06-30 -5.82
2016-03-31 34.67

*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.
  • Unable to establish if Sanshin Electronics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sanshin Electronics'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.
Sanshin Electronics 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.

SSNE.F Past Performance

  How has Sanshin Electronics 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 Sanshin Electronics'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.
  • Sanshin Electronics's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sanshin Electronics's 1-year earnings growth exceeds its 5-year average (152.2% vs -26.1%)
  • Sanshin Electronics's earnings growth has exceeded the US Electronic industry average in the past year (152.2% vs 64.8%).
Earnings and Revenue History
Sanshin Electronics'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 Sanshin Electronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SSNE.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 152,944.00 1,314.00 9,520.00
2018-09-30 150,770.00 1,024.00 9,553.00
2018-06-30 151,452.00 868.00 9,616.00
2018-03-31 157,257.00 947.00 9,684.00
2017-12-31 163,162.00 521.00 9,753.00
2017-09-30 161,252.00 747.00 9,781.00
2017-06-30 163,785.00 -659.00 9,871.00
2017-03-31 167,654.00 -1,575.00 9,882.00
2016-12-31 169,339.00 -1,645.00 9,876.00
2016-09-30 180,992.00 -1,789.00 10,060.00
2016-06-30 191,528.00 -164.00 10,129.00
2016-03-31 199,075.00 977.00 10,316.00
2015-12-31 216,352.00 1,464.00 10,520.00
2015-09-30 222,244.00 2,009.00 10,586.00
2015-06-30 225,034.00 1,909.00 10,665.00
2015-03-31 219,091.00 2,003.00 10,455.00
2014-12-31 203,674.00 2,195.00 10,307.00
2014-09-30 196,109.00 1,825.00 10,191.00
2014-06-30 196,781.00 1,770.00 9,945.00
2014-03-31 192,240.00 1,806.00 9,871.00
2013-12-31 177,929.00 1,517.00 9,572.00
2013-09-30 175,324.00 1,567.00 9,330.00
2013-06-30 157,302.00 1,347.00 9,160.00
2013-03-31 147,963.00 1,131.00 9,025.00
2012-12-31 145,764.00 796.00 9,112.00
2012-09-30 134,235.00 454.00 9,167.00
2012-06-30 135,386.00 356.00 9,332.00
2012-03-31 144,159.00 516.00 9,433.00

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

SSNE.F Health

 How is Sanshin Electronics'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 Sanshin Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sanshin Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sanshin Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sanshin Electronics'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 2.9x 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 Sanshin Electronics Company Filings, last reported 2 months ago.

OTCPK:SSNE.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 42,075.00 30,331.00 13,674.00
2018-09-30 42,744.00 15,454.00 7,718.00
2018-06-30 61,342.00 20,978.00 31,413.00
2018-03-31 61,786.00 13,917.00 17,176.00
2017-12-31 61,717.00 20,099.00 21,346.00
2017-09-30 61,730.00 8,287.00 14,738.00
2017-06-30 61,036.00 12,934.00 22,170.00
2017-03-31 61,537.00 13,238.00 19,599.00
2016-12-31 61,677.00 17,181.00 21,178.00
2016-09-30 59,886.00 13,272.00 17,446.00
2016-06-30 60,392.00 5,703.00 13,330.00
2016-03-31 63,386.00 6,537.00 10,186.00
2015-12-31 65,069.00 10,566.00 13,592.00
2015-09-30 65,093.00 4,568.00 15,675.00
2015-06-30 65,160.00 4,891.00 18,817.00
2015-03-31 65,618.00 1,880.00 12,489.00
2014-12-31 64,692.00 4,431.00 14,157.00
2014-09-30 63,378.00 4,608.00 13,202.00
2014-06-30 61,696.00 3,307.00 23,976.00
2014-03-31 62,255.00 4,618.00 21,758.00
2013-12-31 61,815.00 7,280.00 15,502.00
2013-09-30 60,865.00 5,046.00 14,673.00
2013-06-30 60,060.00 3,774.00 15,332.00
2013-03-31 59,916.00 3,422.00 11,164.00
2012-12-31 59,229.00 6,030.00 7,638.00
2012-09-30 58,282.00 3,279.00 11,873.00
2012-06-30 57,990.00 2,226.00 17,790.00
2012-03-31 58,716.00 3,533.00 15,235.00
  • Sanshin Electronics's level of debt (72.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.7% vs 72.1% today).
  • Debt is well covered by operating cash flow (24.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
X
Financial health checks
We assess Sanshin Electronics'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. Sanshin Electronics has a total score of 4/6, 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.

SSNE.F Dividends

 What is Sanshin Electronics'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
3.78%
Current annual income from Sanshin Electronics dividends.
If you bought $2,000 of Sanshin Electronics shares you are expected to receive $76 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?
  • Sanshin Electronics's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Sanshin Electronics's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
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:SSNE.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 0 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 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:SSNE.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
OTCPK:SSNE.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-05 70.000 3.843
2018-11-07 70.000 3.783
2018-11-05 70.000 3.546
2018-08-07 70.000 3.680
2018-08-03 70.000 3.776
2018-06-25 48.000 2.510
2018-05-14 48.000 2.284
2017-06-26 25.000 1.421
2017-05-15 25.000 1.759
2017-02-03 25.000 1.868
2016-11-07 25.000 2.355
2016-06-27 40.000 4.598
2016-05-13 40.000 4.707
2015-06-26 40.000 3.593
2015-05-13 40.000 3.360
2015-02-09 20.000 2.041
2015-02-05 20.000 2.393
2014-11-10 20.000 2.469
2014-11-06 20.000 2.455
2014-06-23 20.000 2.469
2014-05-14 20.000 2.918
2014-02-13 20.000 2.961
2014-02-06 20.000 2.832
2013-11-13 20.000 2.744
2013-11-06 20.000 3.045
2013-06-24 20.000 3.273
2013-05-15 20.000 3.233
2013-02-13 20.000 3.191
2013-02-06 20.000 3.105
2012-11-13 20.000 3.409
2012-11-06 20.000 3.457
2012-08-03 20.000 3.408
2012-06-25 20.000 3.522
2012-05-16 20.000 3.854
2012-02-13 20.000 3.002
2012-02-03 20.000 2.928
2011-11-11 20.000 3.156
2011-11-04 20.000 3.219
2011-08-03 20.000 3.148
2011-05-18 20.000 3.179
2011-02-14 20.000 2.955
2011-02-04 20.000 2.773
2010-11-12 20.000 2.925
2010-11-05 20.000 3.119
2010-06-24 20.000 2.798
2010-05-14 20.000 2.534
2010-02-05 20.000 2.614
2009-11-06 20.000 3.043
2009-08-07 20.000 2.705
2009-05-18 20.000 2.655
2009-03-24 38.000 5.789

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Sanshin Electronics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x 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 Sanshin Electronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Sanshin Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sanshin Electronics has a total score of 4/6, see the detailed checks below.


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

SSNE.F Management

 What is the CEO of Sanshin Electronics'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
Mitsumasa Matsunaga
AGE 70
TENURE AS CEO 2.8 years
CEO Bio

Mr. Mitsumasa Matsunaga has been the Chief Executive Officer of Sanshin Electronics Co., Ltd since June 2016. Mr. Matsunaga served as the President of Sanshin Electronics Co. Ltd. from October 1996 to June 20, 2014. Mr. Matsunaga has been an In-charge of Corporate Strategic Office and Audit Office at Sanshin Electronics Co. Ltd., since October 2006. He joined Sanshin Electronics Co., Ltd. in January 1980. He served as Managing Director of Sanshin Electronics Co. Ltd. since November 1983. He served as Senior Managing Director of Sanshin Electronics Co. Ltd. since April 1993. He has been the Chairman of Sanshin Electronics Co., Ltd. since June 20, 2014. He served as Representative Senior Managing Director of Sanshin Electronics Co. Ltd. since June 1995. He has been Representative Director of Sanshin Electronics Co. Ltd., since October 1996. He served as Director of Sanshin Electronics Co. Ltd. since October 1980.

CEO Compensation
  • Insufficient data for Mitsumasa to compare compensation growth.
  • Insufficient data for Mitsumasa 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 Sanshin Electronics management team in years:

2.8
Average Tenure
61
Average Age
  • The tenure for the Sanshin Electronics management team is about average.
Management Team

Mitsumasa Matsunaga

TITLE
Executive Chairman & CEO
AGE
70
TENURE
2.8 yrs

Toshiro Suzuki

TITLE
Executive President
AGE
61
TENURE
2.8 yrs

Akio Misono

TITLE
GM of Finance Division
AGE
64

Koji Sakamoto

TITLE
GM of Administrative Division
AGE
58

Fumihide Kitamura

TITLE
Managing Executive Officer & Director
AGE
61
TENURE
2.8 yrs

Nobuyuki Hatano

TITLE
Managing Executive Officer
AGE
64

Tomoyuki Nagase

TITLE
Executive Officer & Director
AGE
58
TENURE
4.4 yrs

Yuji Mori

TITLE
Executive Officer
AGE
61
TENURE
3.4 yrs

Mitsuhiro Ogawa

TITLE
Operating Officer & Director
AGE
60
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Sanshin Electronics board of directors in years:

2.8
Average Tenure
61
Average Age
  • The average tenure for the Sanshin Electronics board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mitsumasa Matsunaga

TITLE
Executive Chairman & CEO
AGE
70
TENURE
4.8 yrs

Toshiro Suzuki

TITLE
Executive President
AGE
61
TENURE
10.8 yrs

Akio Misono

TITLE
GM of Finance Division
AGE
64

Koji Sakamoto

TITLE
GM of Administrative Division
AGE
58

Fumihide Kitamura

TITLE
Managing Executive Officer & Director
AGE
61

Nobuyuki Hatano

TITLE
Managing Executive Officer
AGE
64

Tomoyuki Nagase

TITLE
Executive Officer & Director
AGE
58
TENURE
2.8 yrs

Yuji Mori

TITLE
Executive Officer
AGE
61
TENURE
2.8 yrs

Mitsuhiro Ogawa

TITLE
Operating Officer & Director
AGE
60
TENURE
1.8 yrs

Takeshi Uchimura

TITLE
Independent External Director
AGE
69
TENURE
2.8 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 Sanshin Electronics'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. Sanshin Electronics 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.

SSNE.F News

Simply Wall St News

SSNE.F Company Info

Description

Sanshin Electronics Co., Ltd. sells and trades in electronic components and devices in Japan and internationally. It offers integrated circuits, semiconductor elements, and general electronic components; and electronic devices, such as office-automation equipment, communications equipment, and video equipment. The company also develops applied software for microcontrollers and simulations for semi-custom LSIs. In addition, it offers IT infrastructure solutions, including WAN/LAN/mobile, virtualization, cloud, office communication, security, and operational support; video solutions, such as live relay systems, program transmission systems, IPTV systems, nonlinear editing systems, studio systems, and various video solutions; and various support and services, including call-center services, maintenance-support services, and system-configuration services. Further, the company provides application services consisting of data analysis systems; call-center systems; individual system development; cloud/software as a services; business systems comprising sales, accounting, payroll, attendance, production, etc.; groupware consisting of e-mail, schedule management, facility reservation, etc.; and housing, cloud computing, system integration, and operation and maintenance services, as well as support services for construction of networks/circuits. It serves loading electronic makers, newspaper publishing companies, broadcast stations, government offices, schools, etc. The company was founded in 1951 and is headquartered in Tokyo, Japan.

Details
Name: Sanshin Electronics Co., Ltd.
SSNE.F
Exchange: OTCPK
Founded: 1951
¥323,375,960
19,178,185
Website: http://www.sanshin.co.jp
Address: Sanshin Electronics Co., Ltd.
4-4-12, Shiba,
Minato-ku,
Tokyo,
108-8404,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8150 Ordinary Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SSNE.F Ordinary Shares Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
627
Sanshin Electronics employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 23:51
End of day share price update: 2019/01/09 00:00
Last estimates confirmation: 2018/05/14
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.