OTCPK:TYOY.Y

Stock Analysis Report

Executive Summary

Taiyo Yuden Co., Ltd. develops, manufactures, and sells electronic components worldwide.

Rewards

PE ratio (13.8x) is below the US market (18.4x)

Earnings are forecast to grow 7.81% per year

Earnings have grown 21.3% per year over the past 5 years

Risk Analysis

Shareholders have been diluted in the past year



Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Taiyo Yuden's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

n/a

TYOY.Y

1.8%

US Electronic

0.8%

US Market


1 Year Return

58.3%

TYOY.Y

23.7%

US Electronic

17.8%

US Market

Return vs Industry: TYOY.Y exceeded the US Electronic industry which returned 23.7% over the past year.

Return vs Market: TYOY.Y exceeded the US Market which returned 17.8% over the past year.


Shareholder returns

TYOY.YIndustryMarket
7 Dayn/a1.8%0.8%
30 Day-1.9%0.9%1.8%
90 Day29.4%6.2%4.1%
1 Year58.3%58.3%25.0%23.7%20.4%17.8%
3 Year154.4%154.4%47.0%42.9%45.9%36.4%
5 Year130.0%130.0%83.2%74.2%68.1%49.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Taiyo Yuden undervalued compared to its fair value and its price relative to the market?

13.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TYOY.Y ($108.59) is trading above our estimate of fair value ($51.78)

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


Price To Earnings Ratio

PE vs Industry: TYOY.Y is good value based on its PE Ratio (13.8x) compared to the Electronic industry average (20.9x).

PE vs Market: TYOY.Y is good value based on its PE Ratio (13.8x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: TYOY.Y is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: TYOY.Y is good value based on its PB Ratio (1.8x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

How is Taiyo Yuden forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TYOY.Y's forecast earnings growth (7.8% per year) is above the savings rate (1.7%).

Earnings vs Market: TYOY.Y's earnings (7.8% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: TYOY.Y's revenue (6.8% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: TYOY.Y's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TYOY.Y's Return on Equity is forecast to be low in 3 years time (11.5%).


Next Steps

Past Performance

How has Taiyo Yuden performed over the past 5 years?

21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TYOY.Y has high quality earnings.

Growing Profit Margin: TYOY.Y's current net profit margins (9.9%) are higher than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: TYOY.Y's earnings have grown significantly by 21.3% per year over the past 5 years.

Accelerating Growth: TYOY.Y's earnings growth over the past year (40.5%) exceeds its 5-year average (21.3% per year).

Earnings vs Industry: TYOY.Y earnings growth over the past year (40.5%) underperformed the Electronic industry 53.7%.


Return on Equity

High ROE: TYOY.Y's Return on Equity (13.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Taiyo Yuden's financial position?


Financial Position Analysis

Short Term Liabilities: TYOY.Y's short term assets (¥191.2B) exceed its short term liabilities (¥80.6B).

Long Term Liabilities: TYOY.Y's short term assets (¥191.2B) exceed its long term liabilities (¥48.8B).


Debt to Equity History and Analysis

Debt Level: TYOY.Y's debt to equity ratio (28%) is considered satisfactory.

Reducing Debt: TYOY.Y's debt to equity ratio has reduced from 46.1% to 28% over the past 5 years.

Debt Coverage: TYOY.Y's debt is well covered by operating cash flow (86.1%).

Interest Coverage: TYOY.Y earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: TYOY.Y's debt is covered by short term assets (assets are 3.2x debt).


Next Steps

Dividend

What is Taiyo Yuden's current dividend yield, its reliability and sustainability?

0.72%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years0.9%

Current dividend yield vs market & industry

Notable Dividend: TYOY.Y's dividend (0.72%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: TYOY.Y's dividend (0.72%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

Stable Dividend: TYOY.Y is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: TYOY.Y is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: TYOY.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TYOY.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Taiyo Yuden's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average management tenure


CEO

Shoichi Tosaka (64yo)

4.1yrs

Tenure

0

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 dev ...


Management Age and Tenure

2.2yrs

Average Tenure

62yo

Average Age

Experienced Management: TYOY.Y's management team is considered experienced (2.2 years average tenure).


Board Age and Tenure

3.5yrs

Average Tenure

62.5yo

Average Age

Experienced Board: TYOY.Y's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.


Management Team

  • Shoichi Tosaka (64yo)

    President

    • Tenure: 4.1yrs
  • Kazuya Umezawa (60yo)

    Director

    • Tenure: 0.9yrs
  • Shinji Masuyama (62yo)

    Senior Executive Operating Officer & Director

    • Tenure: 6.5yrs
  • Osamu Takahashi (64yo)

    Executive Operating Officer & Director

    • Tenure: 8.5yrs
  • Mitsuo Takagi

    Senior Operating Officer

    • Tenure: 0.9yrs
  • Katsuya Sase (55yo)

    Senior Executive Operating Officer & Director

    • Tenure: 3.5yrs
  • Tomomitsu Fukuda

    Senior Operating Officer

    • Tenure: 0.9yrs
  • Susumu Higuchi

    Senior Operating Officer

    • Tenure: 0.9yrs
  • Koshi Anai

    General Manager of Accounting Department

    • Tenure: 0yrs

Board Members

  • Shoichi Tosaka (64yo)

    President

    • Tenure: 4.1yrs
  • Katsushige Nakano (67yo)

    Audit & Supervisory Board Member

    • Tenure: 3.5yrs
  • Kazuya Umezawa (60yo)

    Director

    • Tenure: 0.9yrs
  • Shinji Masuyama (62yo)

    Senior Executive Operating Officer & Director

    • Tenure: 6.5yrs
  • Osamu Takahashi (64yo)

    Executive Operating Officer & Director

    • Tenure: 8.5yrs
  • Toshio Mishuku (62yo)

    Audit & Supervisory Board Member

    • Tenure: 0.9yrs
  • Masashi Hiraiwa (67yo)

    Outside Independent Director

    • Tenure: 3.5yrs
  • Katsuya Sase (55yo)

    Senior Executive Operating Officer & Director

    • Tenure: 3.5yrs
  • Seiichi Koike (63yo)

    Outside Independent Director

    • Tenure: 1.5yrs
  • Emiko Hamada (61yo)

    Outside Director

    • Tenure: 0.5yrs

Company Information

Taiyo Yuden Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Taiyo Yuden Co., Ltd.
  • Ticker: TYOY.Y
  • Exchange: OTCPK
  • Founded: 1950
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: JP¥383.415b
  • Listing Market Cap: JP¥3.527b
  • Shares outstanding: 125.50m
  • Website: https://www.ty-top.com

Number of Employees


Location

  • Taiyo Yuden Co., Ltd.
  • Kyobashi East Building
  • 2-7-19, Kyobashi
  • Tokyo
  • 104-0031
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6976TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
TYC1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
TYOY.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 1992

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 00:02
End of Day Share Price2019/12/09 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.