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Taiyo Yuden

OTCPK:TYOY.Y
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TYOY.Y
OTCPK
¥274B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • Taiyo Yuden has significant price volatility in the past 3 months.
TYOY.Y Share Price and Events
7 Day Returns
0%
OTCPK:TYOY.Y
-2.7%
US Electronic
-1.1%
US Market
1 Year Returns
-
OTCPK:TYOY.Y
3.5%
US Electronic
6.4%
US Market
TYOY.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Taiyo Yuden (TYOY.Y) 0% -8.4% 29.7% - 91.4% 53.9%
US Electronic -2.7% -2.6% 23.1% 3.5% 56.7% 56.4%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • No trading data on TYOY.Y.
  • No trading data on TYOY.Y.
Price Volatility
TYOY.Y
Industry
5yr Volatility vs Market

Value

 Is Taiyo Yuden 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 Taiyo Yuden 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 Taiyo Yuden.

OTCPK:TYOY.Y 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 9.5%
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:TYOY.Y
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%) (20.18%))
1.143
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.143 * 5.96%)
9.54%

Discounted Cash Flow Calculation for OTCPK:TYOY.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Taiyo Yuden 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:TYOY.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.54%)
2019 -3,028.20 Analyst x5 -2,764.36
2020 5,914.80 Analyst x5 4,929.01
2021 14,597.00 Analyst x6 11,104.35
2022 17,130.63 Est @ 17.36% 11,896.32
2023 19,352.32 Est @ 12.97% 12,268.24
2024 21,267.68 Est @ 9.9% 12,307.76
2025 22,915.32 Est @ 7.75% 12,105.84
2026 24,345.69 Est @ 6.24% 11,740.88
2027 25,608.84 Est @ 5.19% 11,274.01
2028 26,748.66 Est @ 4.45% 10,749.80
Present value of next 10 years cash flows ¥95,611.86
OTCPK:TYOY.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥26,748.66 × (1 + 2.73%) ÷ (9.54% – 2.73%)
¥403,247.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥403,247.81 ÷ (1 + 9.54%)10
¥162,057.97
OTCPK:TYOY.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥95,611.86 + ¥162,057.97
¥257,669.83
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥257,669.83 / 126.36
¥2039.22
OTCPK:TYOY.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TYOY.Y represents 0.03561x of TSE:6976
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.03561x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,039.22 x 0.03561
$72.62
Value per share (USD) From above. $72.62
Current discount Discount to share price of $77.21
= -1 x ($77.21 - $72.62) / $72.62
-6.3%

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

  • The current share price of Taiyo Yuden 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 Taiyo Yuden's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Taiyo Yuden's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TYOY.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥194.08
TSE:6976 Share Price ** TSE (2019-03-11) in JPY ¥2168
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 3,062 Publicly-Listed Companies 17.16x

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

** Primary Listing of Taiyo Yuden.

OTCPK:TYOY.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6976 Share Price ÷ EPS (both in JPY)

= 2168 ÷ 194.08

11.17x

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

  • Taiyo Yuden is good value based on earnings compared to the US Electronic industry average.
  • Taiyo Yuden is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Taiyo Yuden's expected growth come at a high price?
Raw Data
OTCPK:TYOY.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
14.4%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 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

OTCPK:TYOY.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.17x ÷ 14.4%

0.78x

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

  • Taiyo Yuden is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Taiyo Yuden's assets?
Raw Data
OTCPK:TYOY.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,616.25
TSE:6976 Share Price * TSE (2019-03-11) in JPY ¥2168
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 5,165 Publicly-Listed Companies 1.85x
OTCPK:TYOY.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6976 Share Price ÷ Book Value per Share (both in JPY)

= 2168 ÷ 1,616.25

1.34x

* Primary Listing of Taiyo Yuden.

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

  • Taiyo Yuden is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Taiyo Yuden'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. Taiyo Yuden has a total score of 4/6, 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 Taiyo Yuden 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
14.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Taiyo Yuden expected to grow at an attractive rate?
  • Taiyo Yuden's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Taiyo Yuden's earnings growth is expected to exceed the United States of America market average.
  • Taiyo Yuden's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TYOY.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TYOY.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 14.4%
OTCPK:TYOY.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 7.4%
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:TYOY.Y 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:TYOY.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 381,000 1
2022-03-31 357,000 1
2021-03-31 312,533 62,301 30,212 13
2020-03-31 295,003 53,367 27,068 15
2019-03-31 272,324 42,910 22,630 15
OTCPK:TYOY.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 267,412 23,724
2018-09-30 259,502 40,893 19,957
2018-06-30 249,621 18,887
2018-03-31 244,117 33,944 16,355
2017-12-31 241,732 13,134
2017-09-30 235,864 27,897 11,899
2017-06-30 231,317 8,317
2017-03-31 230,716 29,692 5,428
2016-12-31 227,525 5,343
2016-09-30 231,308 29,942 7,710
2016-06-30 237,338 11,917
2016-03-31 240,385 38,278 14,751

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Taiyo Yuden's earnings are expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
  • Taiyo Yuden's revenue is expected to grow by 7.4% 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:TYOY.Y 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 Taiyo Yuden Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TYOY.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 248.89 336.70 176.60 13.00
2020-03-31 215.87 265.90 146.76 16.00
2019-03-31 182.47 215.18 155.00 16.00
OTCPK:TYOY.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 194.08
2018-09-30 166.40
2018-06-30 160.28
2018-03-31 138.80
2017-12-31 111.46
2017-09-30 100.98
2017-06-30 70.59
2017-03-31 46.07
2016-12-31 45.35
2016-09-30 65.45
2016-06-30 101.19
2016-03-31 125.27

*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.
  • Taiyo Yuden is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Taiyo Yuden'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.
Taiyo Yuden 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.

Past Performance

  How has Taiyo Yuden 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 Taiyo Yuden'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.
  • Taiyo Yuden has delivered over 20% year on year earnings growth in the past 5 years.
  • Taiyo Yuden's 1-year earnings growth exceeds its 5-year average (80.6% vs 20.3%)
  • Taiyo Yuden's earnings growth has exceeded the US Electronic industry average in the past year (80.6% vs 64.8%).
Earnings and Revenue History
Taiyo Yuden'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 Taiyo Yuden Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TYOY.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 267,412.00 23,724.00 34,655.00 10,574.00
2018-09-30 259,502.00 19,957.00 32,960.00 10,574.00
2018-06-30 249,621.00 18,887.00 31,147.00 10,574.00
2018-03-31 244,117.00 16,355.00 30,374.00 10,574.00
2017-12-31 241,732.00 13,134.00 30,116.00 10,008.00
2017-09-30 235,864.00 11,899.00 29,567.00 10,008.00
2017-06-30 231,317.00 8,317.00 28,842.00 10,008.00
2017-03-31 230,716.00 5,428.00 28,288.00 10,008.00
2016-12-31 227,525.00 5,343.00 28,763.00 9,024.00
2016-09-30 231,308.00 7,710.00 29,101.00 9,024.00
2016-06-30 237,338.00 11,917.00 29,837.00 9,024.00
2016-03-31 240,385.00 14,751.00 30,395.00 9,024.00
2015-12-31 245,943.00 19,347.00 31,396.00 8,237.00
2015-09-30 244,020.00 18,141.00 31,366.00 8,237.00
2015-06-30 235,506.00 15,077.00 31,040.00 8,237.00
2015-03-31 227,095.00 10,919.00 30,692.00 8,237.00
2014-12-31 217,110.00 6,942.00 30,620.00 7,353.00
2014-09-30 207,856.00 3,455.00 29,728.00 7,353.00
2014-06-30 204,581.00 2,751.00 28,805.00 7,353.00
2014-03-31 208,222.00 6,989.00 28,112.00 7,353.00
2013-12-31 205,213.00 5,602.00 28,148.00 6,840.00
2013-09-30 203,011.00 6,886.00 27,144.00 6,840.00
2013-06-30 198,118.00 5,766.00 26,357.00 6,840.00
2013-03-31 192,903.00 2,000.00 25,265.00 6,840.00
2012-12-31 188,395.00 -6,712.00 23,858.00 8,068.00
2012-09-30 182,113.00 -13,114.00 24,005.00 8,068.00
2012-06-30 183,293.00 -20,520.00 24,832.00 8,068.00
2012-03-31 183,795.00 -21,599.00 25,934.00 8,068.00

*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.
  • Taiyo Yuden has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Taiyo Yuden used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Taiyo Yuden has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Taiyo Yuden'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.
Taiyo Yuden has a total score of 4/6, 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 Taiyo Yuden'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 Taiyo Yuden's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Taiyo Yuden is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Taiyo Yuden's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Taiyo Yuden'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 3.4x 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 Taiyo Yuden Company Filings, last reported 2 months ago.

OTCPK:TYOY.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 206,267.00 55,293.00 54,860.00
2018-09-30 202,087.00 56,956.00 54,071.00
2018-06-30 176,226.00 74,235.00 56,942.00
2018-03-31 170,118.00 54,818.00 49,700.00
2017-12-31 170,555.00 58,552.00 42,733.00
2017-09-30 162,815.00 59,054.00 41,925.00
2017-06-30 156,763.00 59,627.00 46,769.00
2017-03-31 154,150.00 51,646.00 40,069.00
2016-12-31 154,748.00 57,912.00 42,249.00
2016-09-30 142,736.00 57,337.00 39,764.00
2016-06-30 142,836.00 53,014.00 40,813.00
2016-03-31 153,380.00 53,391.00 45,962.00
2015-12-31 158,068.00 59,297.00 45,081.00
2015-09-30 151,815.00 57,181.00 49,640.00
2015-06-30 154,163.00 55,968.00 49,315.00
2015-03-31 150,855.00 54,286.00 46,709.00
2014-12-31 148,032.00 62,696.00 43,775.00
2014-09-30 134,911.00 62,222.00 46,640.00
2014-06-30 127,192.00 67,967.00 52,328.00
2014-03-31 128,555.00 73,417.00 59,250.00
2013-12-31 130,802.00 61,572.00 42,383.00
2013-09-30 122,829.00 65,292.00 42,870.00
2013-06-30 121,076.00 66,552.00 38,738.00
2013-03-31 115,960.00 63,880.00 35,356.00
2012-12-31 110,531.00 64,312.00 31,116.00
2012-09-30 99,898.00 65,784.00 30,146.00
2012-06-30 100,195.00 63,106.00 28,064.00
2012-03-31 104,399.00 60,137.00 27,912.00
  • Taiyo Yuden's level of debt (26.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (47.2% vs 26.8% today).
  • Debt is well covered by operating cash flow (74%, greater than 20% of total debt).
  • Taiyo Yuden earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Taiyo Yuden'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. Taiyo Yuden has a total score of 6/6, 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 Taiyo Yuden'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
1.01%
Current annual income from Taiyo Yuden dividends. Estimated to be 1.3% next year.
If you bought $2,000 of Taiyo Yuden shares you are expected to receive $20 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?
  • Taiyo Yuden's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Taiyo Yuden's dividend is below 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:TYOY.Y 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 1.6%
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:TYOY.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 45.00 1.00
2022-03-31 40.00 1.00
2021-03-31 32.59 14.00
2020-03-31 29.02 16.00
2019-03-31 21.77 16.00
OTCPK:TYOY.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-14 22.000 0.979
2019-02-08 22.000 0.962
2018-11-14 20.000 1.096
2018-11-09 20.000 0.872
2018-06-29 20.000 0.700
2018-05-10 20.000 0.771
2018-02-14 20.000 1.077
2018-02-07 20.000 1.127
2017-11-14 20.000 1.094
2017-11-08 20.000 1.003
2017-06-29 20.000 1.139
2017-05-10 20.000 1.225
2017-02-13 20.000 1.419
2017-02-06 20.000 1.409
2016-11-11 20.000 1.525
2016-11-07 20.000 1.921
2016-06-29 20.000 2.049
2016-05-11 20.000 1.889
2016-02-12 10.000 0.891
2016-02-03 10.000 0.816
2015-11-13 10.000 0.594
2015-11-05 10.000 0.534
2015-06-26 15.000 0.951
2015-05-11 15.000 0.853
2015-02-13 10.000 0.607
2015-02-05 10.000 0.748
2014-11-12 10.000 0.708
2014-11-06 10.000 0.832
2014-06-27 10.000 0.911
2014-05-14 10.000 0.903
2014-02-14 10.000 0.795
2014-02-13 10.000 0.820
2013-11-14 10.000 0.779
2013-11-11 10.000 0.864
2013-05-14 10.000 0.730
2012-08-09 10.000 1.212
2012-06-28 10.000 1.484
2012-05-14 10.000 1.311
2012-02-14 5.000 0.599
2012-02-10 5.000 0.678
2011-11-14 5.000 0.785
2011-11-09 5.000 0.847
2011-08-05 10.000 1.584
2011-06-29 10.000 0.994
2011-05-12 10.000 0.942
2011-02-14 10.000 0.875
2011-02-08 10.000 0.754
2010-11-15 10.000 0.806
2010-11-05 10.000 0.886
2010-06-30 10.000 0.978
2010-05-13 10.000 0.796
2010-02-15 10.000 0.728
2010-02-09 10.000 0.844
2009-11-13 10.000 0.881
2009-11-06 10.000 1.028
2009-05-14 10.000 0.956
2009-03-25 10.000 1.317

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 Taiyo Yuden's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.7x 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 Taiyo Yuden'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 Taiyo Yuden afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Taiyo Yuden has a total score of 2/6, 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 Taiyo Yuden'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
Shoichi Tosaka
AGE 63
TENURE AS CEO 3.3 years
CEO Bio

Mr. Shoichi Tosaka has been Chief Executive Officer and President at Taiyo Yuden Co., Ltd., since November 04, 2015. Mr. Tosaka joined Taiyo Yuden Co., Ltd. in 1979, and was mainly engaged in materials development and technological development. He has been a Director of Taiyo Yuden Co., Ltd. since June 2006 and Representative Director in November 2015. He served as Senior Executive Operating Officer of Taiyo Yuden Co., Ltd. Mr. Tosaka served as Executive Operating Officer of Taiyo Yuden Co., Ltd. since June 2012. Mr. Tosaka served as Senior Executive Operating Officer, in charge of R&D, Engineering and Quality Assurance at Taiyo Yuden Co., Ltd. Mr. Tosaka served as Senior Executive Director of Electronic Components Headquarters, Quality Assurance Office & Research & Development Laboratory at Taiyo Yuden Co., Ltd. He served as Chief of Quality Assurance Headquarters at Taiyo Yuden Co., Ltd. until October 14, 2015.

CEO Compensation
  • Insufficient data for Shoichi to compare compensation growth.
  • Insufficient data for Shoichi 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 Taiyo Yuden management team in years:

3.3
Average Tenure
62
Average Age
  • The tenure for the Taiyo Yuden management team is about average.
Management Team

Shoichi Tosaka

TITLE
President
AGE
63
TENURE
3.3 yrs

Koshi Anai

TITLE
General Manager of Accounting Department

Shinji Masuyama

TITLE
Senior Executive Operating Officer & Director
AGE
61

Osamu Takahashi

TITLE
Executive Operating Officer & Director
AGE
63
TENURE
8.7 yrs

Katsuya Sase

TITLE
Senior Executive Operating Officer & Director
AGE
54
TENURE
2.8 yrs

Toshio Mishuku

TITLE
Senior Operating Officer

Shunji Murai

TITLE
Operating Officer of Electronic Components Headquarters
Board of Directors Tenure

Average tenure and age of the Taiyo Yuden board of directors in years:

3.3
Average Tenure
63
Average Age
  • The tenure for the Taiyo Yuden board of directors is about average.
Board of Directors

Shinji Masuyama

TITLE
Senior Executive Operating Officer & Director
AGE
61
TENURE
5.8 yrs

Osamu Takahashi

TITLE
Executive Operating Officer & Director
AGE
63
TENURE
7.8 yrs

Katsuya Sase

TITLE
Senior Executive Operating Officer & Director
AGE
54
TENURE
2.8 yrs

Masashi Hiraiwa

TITLE
Outside Independent Director
AGE
66
TENURE
2.8 yrs

Shoichi Tosaka

TITLE
President
AGE
63
TENURE
12.8 yrs

Seiichi Koike

TITLE
Outside Independent Director
AGE
62
TENURE
0.8 yrs

Takashi Tomaru

TITLE
Audit & Supervisory Board Member
AGE
65
TENURE
3.8 yrs

Kazuhiro Yamakawa

TITLE
Independent Outside Audit & Supervisory Board Member
AGE
74
TENURE
7.8 yrs

Katsushige Nakano

TITLE
Audit & Supervisory Board Member
AGE
66
TENURE
2.8 yrs

Hajime Yoshitake

TITLE
Outside Independent Audit & Supervisory Board Member
AGE
62
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 Taiyo Yuden'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. Taiyo Yuden 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

Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide. It offers multilayer ceramic capacitors for use in smartphones, automobiles, and other devices; ferrite and applied products, such as inductors used in electronic equipment power and high-frequency circuits; integrated modules and devices, including film bulk acoustic resonator/surface acoustic wave devices for mobile communications and power supply modules; and other electronic components, such as energy devices used as backup power equipment for smart meters and other similar products, as well as peak current assistance for LED flashes. The company also provides noise suppression parts, such as bead inductors, common-mode choke coils, multilayer EMI suppression filters, and ring varistors; chip antennas; balun transformers; wireless modules; and aluminum electrolytic capacitors. Taiyo Yuden Co., Ltd. was founded in 1950 and is headquartered in Tokyo, Japan.

Details
Name: Taiyo Yuden Co., Ltd.
TYOY.Y
Exchange: OTCPK
Founded: 1950
¥2,494,118,225
126,356,769
Website: http://www.ty-top.com
Address: Taiyo Yuden Co., Ltd.
Kyobashi East Building,
2-7-19, Kyobashi,
Tokyo,
104-0031,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6976 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB TYC1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK TYOY.Y UNSPONSORED ADR Pink Sheets LLC US USD 19. Nov 1992
Number of employees
Current staff
Staff numbers
19,011
Taiyo Yuden employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:43
End of day share price update: 2019/03/11 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/02/14
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.