ScoreWhy is Tokyo Electron Device Ltd. ?
1
Strong Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 15.00%
- Healthy long term growth as Net Sales has grown by an annual rate of 8.12% and Operating profit at 19.08%
- Company has very low debt and has enough cash to service the debt requirements
2
With ROCE of 12.64%, it has a very attractive valuation with a 1.68 Enterprise value to Capital Employed
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 59.94%, its profits have fallen by -2%
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to Tokyo Electron Device Ltd. should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Tokyo Electron Device Ltd. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Tokyo Electron Device Ltd.
59.94%
-0.05
40.29%
Japan Nikkei 225
88.41%
3.12
27.27%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.12%
EBIT Growth (5y)
19.08%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
2.89
Net Debt to Equity (avg)
0.72
Sales to Capital Employed (avg)
2.48
Tax Ratio
21.95%
Dividend Payout Ratio
40.24%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
15.00%
ROE (avg)
18.38%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
2.08
EV to EBIT
13.26
EV to EBITDA
11.92
EV to Capital Employed
1.68
EV to Sales
0.65
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
12.64%
ROE (Latest)
17.01%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend7What is working for the Company
DEBT-EQUITY RATIO
(HY)
Lowest at 41.67 %
RAW MATERIAL COST(Y)
Fallen by -1.15% (YoY
NET SALES(Q)
Highest at JPY 57,032 MM
OPERATING PROFIT(Q)
Highest at JPY 4,220 MM
OPERATING PROFIT MARGIN(Q)
Highest at 7.4 %
PRE-TAX PROFIT(Q)
Highest at JPY 3,791 MM
-8What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 3.71 times
INTEREST(Q)
Highest at JPY 63 MM
Here's what is working for Tokyo Electron Device Ltd.
Debt-Equity Ratio
Lowest at 41.67 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Net Sales
Highest at JPY 57,032 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 4,220 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 7.4 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at JPY 3,791 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Raw Material Cost
Fallen by -1.15% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Tokyo Electron Device Ltd.
Interest
At JPY 63 MM has Grown at 18.87%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest
Highest at JPY 63 MM
in the last five periods and Increased by 18.87% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debtors Turnover Ratio
Lowest at 3.71 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
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