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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.9x - 1.0x | 0.9x |
Selected Fwd Ps Multiple | 0.8x - 0.9x | 0.9x |
Fair Value | 2,121¥ - 2,345¥ | 2,233¥ |
Upside | -15.8% - -7.0% | -11.4% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Yokogawa Electric Corporation | 684,100.0% | TSE:6841 |
Shimadzu Corporation | 770,100.0% | TSE:7701 |
Dexerials Corporation | 498,000.0% | TSE:4980 |
Oki Electric Industry Co., Ltd. | 670,300.0% | TSE:6703 |
UMC Electronics Co., Ltd. | 661,500.0% | TSE:6615 |
Canon Electronics Inc. | 773,900.0% | TSE:7739 |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
6841 | 7701 | 4980 | 6703 | 6615 | 7739 | |||
TSE:6841 | TSE:7701 | TSE:4980 | TSE:6703 | TSE:6615 | TSE:7739 | |||
Historical Sales Growth | ||||||||
5Y CAGR | 6.0% | 5.5% | 11.7% | -0.9% | -1.1% | 2.5% | ||
3Y CAGR | 13.0% | 9.2% | 16.9% | 2.4% | -1.2% | 6.8% | ||
Latest Twelve Months | 4.5% | 4.4% | 12.0% | 10.8% | -4.6% | 4.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 7.8% | 10.2% | 15.5% | 1.7% | -1.0% | 5.9% | ||
Prior Fiscal Year | 8.5% | 10.8% | 19.5% | -0.8% | 0.4% | 6.8% | ||
Latest Fiscal Year | 11.4% | 11.1% | 20.3% | 6.1% | 0.8% | 7.6% | ||
Latest Twelve Months | 8.7% | 10.2% | 23.5% | 5.8% | 1.5% | 7.6% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 5.7x | 11.4x | 6.4x | 2.0x | 3.8x | 2.8x | ||
Price / LTM Sales | 1.4x | 2.1x | 3.1x | 0.2x | 0.1x | 1.0x | ||
LTM P/E Ratio | 16.3x | 21.0x | 13.3x | 3.5x | 4.5x | 13.4x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.1x | 1.4x | 3.1x | |||||
Historical LTM P/S Ratio | 0.7x | 0.8x | 1.0x | |||||
Selected Price / Sales Multiple | 0.9x | 0.9x | 1.0x | |||||
(x) LTM Sales | 100,656 | 100,656 | 100,656 | |||||
(=) Equity Value | 86,943 | 91,519 | 96,095 | |||||
(/) Shares Outstanding | 40.9 | 40.9 | 40.9 | |||||
Implied Value Range | 2,125.89 | 2,237.78 | 2,349.67 | |||||
FX Rate: JPY/JPY | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 2,125.89 | 2,237.78 | 2,349.67 | 2,520.00 | ||||
Upside / (Downside) | -15.6% | -11.2% | -6.8% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 6841 | 7701 | 4980 | 6703 | 6615 | 7739 | |
Value of Common Equity | 784,812 | 1,126,513 | 348,853 | 90,786 | 8,723 | 103,061 | |
(/) Shares Outstanding | 260.2 | 290.0 | 170.3 | 86.7 | 28.1 | 40.9 | |
Implied Stock Price | 3,016.00 | 3,884.00 | 2,049.00 | 1,047.00 | 310.00 | 2,520.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 3,016.00 | 3,884.00 | 2,049.00 | 1,047.00 | 310.00 | 2,520.00 | |
Trading Currency | JPY | JPY | JPY | JPY | JPY | JPY | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |