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TDK

OTCPK:TTDK.F
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTDK.F
OTCPK
¥1,094B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The last earnings update was 32 days ago. More info.


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TTDK.F Share Price and Events
7 Day Returns
0%
OTCPK:TTDK.F
3%
US Electronic
2.9%
US Market
1 Year Returns
-7.3%
OTCPK:TTDK.F
-1%
US Electronic
1.4%
US Market
TTDK.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TDK (TTDK.F) 0% 0.9% 16.7% -7.3% 41.6% 92.8%
US Electronic 3% 2.3% 17.7% -1% 59.1% 59.1%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • TTDK.F underperformed the Electronic industry which returned -1% over the past year.
  • TTDK.F underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
TTDK.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is TDK 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 TDK 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 TDK.

OTCPK:TTDK.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 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
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:TTDK.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%) (48.65%))
1.289
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.289 * 5.96%)
10.41%

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

The calculations below outline how an intrinsic value for TDK 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:TTDK.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.41%)
2019 -34,158.40 Analyst x5 -30,936.76
2020 37,338.00 Analyst x6 30,627.08
2021 53,817.50 Analyst x6 39,981.16
2022 67,888.42 Est @ 26.15% 45,677.77
2023 80,869.32 Est @ 19.12% 49,279.96
2024 92,355.72 Est @ 14.2% 50,971.53
2025 102,294.64 Est @ 10.76% 51,132.14
2026 110,838.38 Est @ 8.35% 50,177.45
2027 118,226.28 Est @ 6.67% 48,474.10
2028 124,710.78 Est @ 5.48% 46,310.24
Present value of next 10 years cash flows ¥381,694.68
OTCPK:TTDK.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥124,710.78 × (1 + 2.73%) ÷ (10.41% – 2.73%)
¥1,667,380.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,667,380.50 ÷ (1 + 10.41%)10
¥619,166.93
OTCPK:TTDK.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥381,694.68 + ¥619,166.93
¥1,000,861.61
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,000,861.61 / 126.28
¥73.61
OTCPK:TTDK.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TTDK.F represents 0.00929x of TSE:6762
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00929x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 7,925.66 x 0.00929
$73.61
Value per share (USD) From above. $73.61
Current discount Discount to share price of $80.43
= -1 x ($80.43 - $73.61) / $73.61
-9.3%

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

  • The current share price of TDK 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 TDK's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TDK's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TTDK.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥591.49
TSE:6762 Share Price ** TSE (2019-03-06) in JPY ¥8660
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.59x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

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

** Primary Listing of TDK.

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

= TSE:6762 Share Price ÷ EPS (both in JPY)

= 8660 ÷ 591.49

14.64x

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

  • TDK is good value based on earnings compared to the US Electronic industry average.
  • TDK is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does TDK's expected growth come at a high price?
Raw Data
OTCPK:TTDK.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
12.7%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.38x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.64x ÷ 12.7%

1.16x

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

  • TDK is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TDK's assets?
Raw Data
OTCPK:TTDK.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥6,836.75
TSE:6762 Share Price * TSE (2019-03-06) in JPY ¥8660
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:TTDK.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6762 Share Price ÷ Book Value per Share (both in JPY)

= 8660 ÷ 6,836.75

1.27x

* Primary Listing of TDK.

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

  • TDK is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess TDK'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. TDK 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.

Future Performance

 How is TDK expected to perform in the next 1 to 3 years based on estimates from 15 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
12.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TDK expected to grow at an attractive rate?
  • TDK's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TDK's earnings growth is positive but not above the United States of America market average.
  • TDK's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TTDK.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TTDK.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 12.7%
OTCPK:TTDK.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 3.9%
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:TTDK.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 15 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TTDK.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,659,000 1
2022-03-31 1,562,000 1
2021-03-31 1,474,135 217,311 99,325 13
2020-03-31 1,408,562 205,177 88,512 15
2019-03-31 1,373,343 175,703 77,815 13
OTCPK:TTDK.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,379,793 150,704 74,679
2018-09-30 1,370,116 109,834 73,850
2018-06-30 1,325,289 74,669 68,705
2018-03-31 1,271,747 91,310 63,463
2017-12-31 1,239,001 75,747 140,279
2017-09-30 1,222,647 94,690 143,114
2017-06-30 1,189,014 131,762 143,653
2017-03-31 1,178,257 160,136 145,099
2016-12-31 1,166,866 149,399 65,503
2016-09-30 1,143,822 145,253 66,033
2016-06-30 1,151,468 133,737 64,130
2016-03-31 1,152,255 151,563 64,828

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TDK's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
  • TDK's revenue is expected to grow by 3.9% 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:TTDK.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 15 Analyst Estimates (S&P Global) See Below

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

OTCPK:TTDK.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 786.01 991.10 594.13 14.00
2020-03-31 697.51 845.49 605.42 16.00
2019-03-31 612.35 670.00 568.37 16.00
OTCPK:TTDK.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 591.49
2018-09-30 584.96
2018-06-30 544.28
2018-03-31 502.80
2017-12-31 1,111.53
2017-09-30 1,134.13
2017-06-30 1,138.52
2017-03-31 1,150.16
2016-12-31 519.27
2016-09-30 523.54
2016-06-30 508.57
2016-03-31 514.23

*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.
  • TDK is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TDK'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.
TDK has a total score of 1/6, 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.

Past Performance

  How has TDK 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 TDK'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.
  • TDK has delivered over 20% year on year earnings growth in the past 5 years.
  • TDK's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TDK's 1-year earnings growth is negative, it can't be compared to the US Electronic industry average.
Earnings and Revenue History
TDK'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 TDK Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TTDK.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 1,379,793.00 74,679.00 183,808.00 103,457.00
2018-09-30 1,370,116.00 73,850.00 174,928.00 103,457.00
2018-06-30 1,325,289.00 68,705.00 160,917.00 103,457.00
2018-03-31 1,271,747.00 63,463.00 152,141.00 103,457.00
2017-12-31 1,239,001.00 140,279.00 125,977.00
2017-09-30 1,222,647.00 143,114.00 123,881.00
2017-06-30 1,189,014.00 143,653.00 116,255.00
2017-03-31 1,178,257.00 145,099.00 113,649.00
2016-12-31 1,166,866.00 65,503.00 147,793.00 84,920.00
2016-09-30 1,143,822.00 66,033.00 144,767.00 84,920.00
2016-06-30 1,151,468.00 64,130.00 146,250.00 84,920.00
2016-03-31 1,152,255.00 64,828.00 142,798.00 84,920.00
2015-12-31 1,169,250.00 71,318.00 156,427.00 70,644.00
2015-09-30 1,167,899.00 62,769.00 151,679.00 70,644.00
2015-06-30 1,124,654.00 56,785.00 214,547.00
2015-03-31 1,082,560.00 49,440.00 137,232.00 70,644.00
2014-12-31 1,044,331.00 34,086.00 140,024.00 63,385.00
2014-09-30 1,002,601.00 27,978.00 129,843.00 63,385.00
2014-06-30 987,588.00 24,832.00 187,939.00
2014-03-31 984,525.00 19,890.00 120,952.00 63,385.00
2013-12-31 963,373.00 11,391.00 123,880.00 53,943.00
2013-09-30 920,128.00 1,522.00 117,596.00 53,943.00
2013-06-30 877,321.00 -2,464.00 159,499.00
2013-03-31 851,575.00 1,195.00 99,905.00 53,943.00
2012-12-31 836,620.00 15,072.00 103,152.00 52,551.00
2012-09-30 812,986.00 3,012.00 97,533.00 52,551.00
2012-06-30 816,379.00 2,054.00 102,376.00 52,551.00
2012-03-31 814,497.00 6.00 109,002.00 52,551.00

*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.
  • TDK has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TDK used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • TDK's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TDK'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.
TDK has a total score of 1/6, 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.

Health

 How is TDK'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 TDK's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TDK is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TDK's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TDK'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 1.8x 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 TDK Company Filings, last reported 2 months ago.

OTCPK:TTDK.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 869,575.00 532,071.00 324,544.00
2018-09-30 880,954.00 518,084.00 280,788.00
2018-06-30 841,796.00 521,869.00 282,146.00
2018-03-31 831,232.00 483,019.00 323,291.00
2017-12-31 870,341.00 492,934.00 317,254.00
2017-09-30 832,905.00 514,778.00 349,681.00
2017-06-30 809,852.00 529,509.00 386,039.00
2017-03-31 802,118.00 334,132.00 386,519.00
2016-12-31 728,150.00 416,375.00 311,699.00
2016-09-30 608,782.00 403,317.00 304,506.00
2016-06-30 607,724.00 372,151.00 278,181.00
2016-03-31 684,633.00 335,758.00 307,432.00
2015-12-31 758,470.00 356,655.00 338,980.00
2015-09-30 743,566.00 300,172.00 269,207.00
2015-06-30 783,935.00 286,963.00 302,299.00
2015-03-31 758,007.00 268,332.00 286,496.00
2014-12-31 763,993.00 285,722.00 283,836.00
2014-09-30 692,091.00 267,300.00 258,318.00
2014-06-30 636,058.00 281,831.00 257,501.00
2014-03-31 652,243.00 267,007.00 259,539.00
2013-12-31 663,098.00 305,295.00 276,092.00
2013-09-30 603,439.00 294,540.00 243,445.00
2013-06-30 609,003.00 304,394.00 245,745.00
2013-03-31 580,616.00 295,620.00 224,417.00
2012-12-31 544,018.00 288,480.00 183,936.00
2012-09-30 484,682.00 284,081.00 167,115.00
2012-06-30 484,727.00 280,708.00 170,834.00
2012-03-31 512,046.00 272,840.00 174,210.00
  • TDK's level of debt (61.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (46% vs 61.2% today).
  • Debt is well covered by operating cash flow (28.3%, greater than 20% of total debt).
  • TDK earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess TDK'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. TDK 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.

Dividends

 What is TDK'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
1.85%
Current annual income from TDK dividends. Estimated to be 1.95% next year.
If you bought $2,000 of TDK shares you are expected to receive $37 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?
  • TDK's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • TDK's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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:TTDK.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 15 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 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:TTDK.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 182.14 14.00
2020-03-31 169.38 16.00
2019-03-31 156.25 16.00
OTCPK:TTDK.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 160.000 1.799
2019-01-30 160.000 1.879
2018-11-13 160.000 1.984
2018-10-31 160.000 1.606
2018-06-28 140.000 1.233
2018-04-27 140.000 1.336
2018-02-14 140.000 1.465
2018-01-31 140.000 1.468
2017-11-13 140.000 1.507
2017-10-30 140.000 1.587
2017-06-29 130.000 1.707
2017-05-10 130.000 1.833
2017-02-13 120.000 1.669
2017-01-31 120.000 1.553
2016-11-11 120.000 1.511
2016-10-31 120.000 1.708
2016-06-29 120.000 1.805
2016-04-28 120.000 1.973
2016-02-12 120.000 1.920
2016-01-29 120.000 1.924
2015-11-13 120.000 1.531
2015-10-30 120.000 1.410
2015-06-26 120.000 1.536
2015-04-28 120.000 1.259
2015-02-13 100.000 1.184
2015-01-30 100.000 1.305
2014-11-12 80.000 1.097
2014-10-31 80.000 1.218
2014-07-31 80.000 1.448
2014-06-27 80.000 1.632
2014-02-12 60.000 1.359
2014-02-05 70.000 1.635
2014-01-31 70.000 1.613
2013-11-12 70.000 1.468
2013-10-31 70.000 1.674
2013-07-31 70.000 1.834
2013-06-27 70.000 1.931
2013-04-26 70.000 1.867
2013-02-08 80.000 2.432
2013-01-31 60.000 1.855
2012-11-09 80.000 2.539
2012-10-31 80.000 2.814
2012-07-31 90.000 2.930
2012-06-28 90.000 2.970
2012-04-27 90.000 2.516
2012-02-10 80.000 1.857
2012-01-31 80.000 2.157
2011-11-10 80.000 2.294
2011-10-31 80.000 2.382
2011-07-28 90.000 2.906
2011-04-27 80.000 1.859
2011-01-31 80.000 1.613
2010-07-29 80.000 1.570
2010-07-22 80.000 1.564
2010-06-29 80.000 1.606
2010-04-30 80.000 1.464
2010-02-15 60.000 1.016
2010-02-02 60.000 1.107
2009-11-13 60.000 1.121
2009-10-29 60.000 1.177
2009-06-26 130.000 2.597
2009-05-08 130.000 2.976
2009-03-18 140.000 3.482

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 TDK's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x 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 TDK'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 TDK afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TDK has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of TDK'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
Shigenao Ishiguro
AGE 61
TENURE AS CEO 2.8 years
CEO Bio

Mr. Shigenao Ishiguro has been the Chief Executive Officer, President, General Manager of Manufacturing Head Quarters and General Manager of Humidifier Countermeasures Head Quarters at TDK Corporation since June 29, 2016. Mr. Ishiguro served as the Chief Executive Officer of Magnetic Heads & Sensors Business Company of TDK Corporation since April 2015 until June 29, 2016; Senior Vice President since June 2015 until June 29, 2016; Corporate Officer since June 2014 until June 29, 2016 and General Manager of Magnetic Sensors Business Group of Magnetic Heads and Sensors Business Company since April 2016 until June 29, 2016. Mr. Ishiguro served as General Manager of Data Storage & Thin Film Technology Components Business Group of TDK Corp. since June 2012 and also served as its Deputy General Manager of Data Storage & Thin Film Technology Components Business Group since April 2011. He has been a Representative Director at TDK Corporation since June 29, 2016. He has been a Director of Micronas Semiconductor Holding AG since May 17, 2016. He served as a Member of the Supervisory Board of EPCOS AG since 2016 until May 2017.

CEO Compensation
  • Insufficient data for Shigenao to compare compensation growth.
  • Insufficient data for Shigenao 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 TDK management team in years:

4.3
Average Tenure
59
Average Age
  • The tenure for the TDK management team is about average.
Management Team

Shigenao Ishiguro

TITLE
CEO, President
AGE
61
TENURE
2.8 yrs

Tetsuji Yamanishi

TITLE
Senior VP
AGE
58
TENURE
5.8 yrs

Dai Matsuoka

TITLE
GM of Technology & Intellectual Property HQ and Corporate Officer
TENURE
1.8 yrs

Takakazu Momozuka

TITLE
Chief Compliance Officer
TENURE
1.1 yrs

Sumio Marukawa

TITLE
General Manager of Corporate Communications Group of Strategy Hq

Andreas Keller

TITLE
Corporate Officer & GM of Human Resources HQ
TENURE
1.2 yrs

Atsuo Kobayashi

TITLE
Executive VP
AGE
58
TENURE
8.8 yrs

Hiroyuki Uemura

TITLE
Senior Executive VP & Corporate Officer
AGE
76

Seiji Osaka

TITLE
Executive VP
AGE
60
TENURE
6.8 yrs

Noboru Saito

TITLE
Corporate Officer & Senior VP
AGE
52
TENURE
5.9 yrs
Board of Directors Tenure

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

3.3
Average Tenure
61.5
Average Age
  • The tenure for the TDK board of directors is about average.
Board of Directors

Makoto Sumita

TITLE
Chairman
AGE
64
TENURE
1.2 yrs

Shigenao Ishiguro

TITLE
CEO, President
AGE
61
TENURE
2.8 yrs

Tetsuji Yamanishi

TITLE
Senior VP
AGE
58
TENURE
2.8 yrs

Seiji Osaka

TITLE
Executive VP
AGE
60
TENURE
1.8 yrs

Noboru Saito

TITLE
Corporate Officer & Senior VP
AGE
52
TENURE
3.8 yrs

Kazumasa Yoshida

TITLE
Outside Director
AGE
60
TENURE
4.8 yrs

Kazunori Yagi

TITLE
Outside Director
AGE
69
TENURE
0.8 yrs

Kazuhiko Ishimura

TITLE
Outside Director
AGE
64
TENURE
3.8 yrs

Junji Yoneyama

TITLE
Full-Time Audit & Supervisory Board Member
AGE
63
TENURE
3.8 yrs

Osamu Yotsui

TITLE
Full-Time Audit & Supervisory Board Member
AGE
62
TENURE
7.8 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 TDK'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. TDK 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.

News

Simply Wall St News

Company Info

Description

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Film Application Products, and Other segments. The Passive Components segment provides ceramic capacitors, aluminum electrolytic capacitors, film capacitors, inductive devices, high-frequency components, piezoelectric materials, and circuit protection components. The Sensor Application Products segment offers temperature and pressure, magnetic, and MEMS sensors. The Magnetic Application Products segment offers hard disk drives (HDD) heads, HDD suspension assemblies, power supplies, and magnets. The Film Application Products segment provides energy devices, such as rechargeable batteries. The Other segment provides mechatronics production equipment and other products. It also provides inductive devices, ferrite cores, magnetic heads, and transformers; and engages in insurance and real estate agency business. The company was formerly known as Tokyo Denki Kagaku Kogyo K.K. and changed its name to TDK Corporation in 1983. TDK Corporation was founded in 1935 and is headquartered in Tokyo, Japan.

Details
Name: TDK Corporation
TTDK.F
Exchange: OTCPK
Founded: 1935
¥9,804,064,530
126,281,106
Website: http://www.tdk.co.jp
Address: TDK Corporation
Shibaura Renasite Tower,
3-9-1 Shibaura,
Tokyo,
108-0023,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6762 Common Stock The Tokyo Stock Exchange JP JPY 31. Jul 1978
OTCPK TTDK.F Common Stock Pink Sheets LLC US USD 31. Jul 1978
DB TDK Common Stock Deutsche Boerse AG DE EUR 31. Jul 1978
OTCPK TTDK.Y AMERN DEP SH Pink Sheets LLC US USD 02. Jan 1980
Number of employees
Current staff
Staff numbers
102,883
TDK employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:54
End of day share price update: 2019/03/06 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/02/13
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.