TDK CORPORATION Financials TDK Corporation OTC Markets
Equities
TTDKY
US8723514084
Electrical Components & Equipment
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 71.24 USD | +6.31% |
|
+5.04% | +50.55% |
| Jul. 16 | Jefferies Raises TDK's Estimates on Bullish View for Edge AI Devices | MT |
| Jul. 16 | Japan's Nikkei ends higher as market gauges US election outlook | RE |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,058,485 | 1,936,532 | 1,690,316 | 1,791,960 | 2,837,772 | 4,247,710 | - | - |
| Enterprise Value (EV) 1 | 1,117,908 | 1,973,539 | 1,930,790 | 2,037,933 | 2,873,510 | 4,460,476 | 4,361,755 | 4,096,116 |
| P/E ratio | 18.3 x | 24.4 x | 12.9 x | 15.7 x | 22.8 x | 26.5 x | 22 x | 19.1 x |
| Yield | 2.15% | 1.17% | 1.76% | 2.24% | 1.55% | 1.19% | 1.42% | 1.6% |
| Capitalization / Revenue | 0.78 x | 1.31 x | 0.89 x | 0.82 x | 1.35 x | 1.91 x | 1.78 x | 1.67 x |
| EV / Revenue | 0.82 x | 1.33 x | 1.02 x | 0.93 x | 1.37 x | 2.01 x | 1.83 x | 1.61 x |
| EV / EBITDA | 5.02 x | 7.84 x | 1.25 x | 5.43 x | 7.91 x | 10.7 x | 9.22 x | 7.91 x |
| EV / FCF | 22.8 x | 189 x | -18.8 x | -158 x | 12.6 x | 53.4 x | 35 x | 24.9 x |
| FCF Yield | 4.38% | 0.53% | -5.31% | -0.63% | 7.95% | 1.87% | 2.85% | 4.02% |
| Price to Book | 1.25 x | 1.93 x | 1.3 x | 1.23 x | 1.66 x | 2.34 x | 2.19 x | 2.02 x |
| Nbr of stocks (in thousands) | 378,932 | 378,969 | 378,995 | 379,251 | 379,331 | 379,429 | - | - |
| Reference price 2 | 2,793 | 5,110 | 4,460 | 4,725 | 7,481 | 11,195 | 11,195 | 11,195 |
| Announcement Date | 5/15/20 | 4/28/21 | 5/11/22 | 4/28/23 | 4/26/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,363,037 | 1,479,008 | 1,902,124 | 2,180,817 | 2,103,876 | 2,221,680 | 2,385,755 | 2,546,873 |
| EBITDA 1 | 222,854 | 251,820 | 1,549,796 | 375,112 | 363,439 | 417,451 | 472,849 | 518,031 |
| EBIT 1 | 97,870 | 111,535 | 166,775 | 168,827 | 172,893 | 219,619 | 262,593 | 301,180 |
| Operating Margin | 7.18% | 7.54% | 8.77% | 7.74% | 8.22% | 9.89% | 11.01% | 11.83% |
| Earnings before Tax (EBT) 1 | 95,876 | 121,904 | 172,490 | 167,219 | 179,241 | 221,727 | 266,389 | 307,253 |
| Net income 1 | 57,780 | 79,340 | 131,298 | 114,187 | 124,687 | 160,681 | 193,684 | 222,303 |
| Net margin | 4.24% | 5.36% | 6.9% | 5.24% | 5.93% | 7.23% | 8.12% | 8.73% |
| EPS 2 | 152.5 | 209.4 | 346.4 | 301.2 | 328.7 | 422.3 | 509.4 | 586.2 |
| Free Cash Flow 1 | 48,961 | 10,459 | -102,559 | -12,937 | 228,418 | 83,491 | 124,466 | 164,559 |
| FCF margin | 3.59% | 0.71% | -5.39% | -0.59% | 10.86% | 3.76% | 5.22% | 6.46% |
| FCF Conversion (EBITDA) | 21.97% | 4.15% | - | - | 62.85% | 20% | 26.32% | 31.77% |
| FCF Conversion (Net income) | 84.74% | 13.18% | - | - | 183.19% | 51.96% | 64.26% | 74.02% |
| Dividend per Share 2 | 60.00 | 60.00 | 78.33 | 106.0 | 116.0 | 133.7 | 158.5 | 178.8 |
| Announcement Date | 5/15/20 | 4/28/21 | 5/11/22 | 4/28/23 | 4/26/24 | - | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 | 2025 S2 | 2026 Q1 | 2026 S1 | 2026 S2 | 2027 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 656,008 | 691,111 | 787,897 | 894,185 | 499,670 | 508,269 | 1,007,939 | 510,504 | 611,489 | 1,121,993 | 586,972 | 471,852 | 1,058,824 | 503,399 | 556,312 | 1,059,711 | 559,250 | 484,915 | 1,044,165 | 514,758 | 579,718 | 1,113,840 | 599,457 | 554,493 | 1,178,051 | 568,211 | 1,238,621 | 1,282,979 | 1,375,634 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 106,407 | - | 118,537 | 64,744 | - | 86,841 | 117,728 | - | 131,331 | 95,694 | - | 106,679 | - | - | - |
| EBIT 1 | 29,027 | 62,406 | 49,129 | 80,033 | 59,202 | 27,430 | 86,632 | 44,603 | 75,706 | 120,309 | 68,368 | -19,850 | 48,518 | 26,302 | 59,246 | 85,548 | 70,200 | 17,145 | 87,345 | 41,198 | 68,777 | 111,627 | 75,559 | 42,213 | 122,098 | 52,493 | 138,006 | 149,834 | 185,006 |
| Operating Margin | 4.42% | 9.03% | 6.24% | 8.95% | 11.85% | 5.4% | 8.59% | 8.74% | 12.38% | 10.72% | 11.65% | -4.21% | 4.58% | 5.22% | 10.65% | 8.07% | 12.55% | 3.54% | 8.37% | 8% | 11.86% | 10.02% | 12.6% | 7.61% | 10.36% | 9.24% | 11.14% | 11.68% | 13.45% |
| Earnings before Tax (EBT) 1 | 27,228 | 63,163 | 58,741 | 84,456 | 62,165 | 87,564 | 149,729 | 43,872 | 76,003 | 119,875 | 68,227 | -20,883 | 47,344 | 21,012 | 59,230 | 80,242 | 76,880 | 22,119 | 98,999 | 41,205 | 70,161 | 114,090 | 78,139 | 42,727 | 134,397 | 50,290 | 146,913 | 168,367 | 185,006 |
| Net income 1 | 12,842 | 42,225 | 37,115 | 68,228 | 49,078 | 60,200 | 109,278 | 31,413 | 55,538 | 86,951 | 49,924 | -22,688 | 27,236 | 14,725 | 39,463 | 54,188 | 65,303 | 5,196 | 70,499 | 29,843 | 51,258 | 79,713 | 57,023 | 31,264 | 93,878 | 36,138 | 102,639 | 117,657 | 129,304 |
| Net margin | 1.96% | 6.11% | 4.71% | 7.63% | 9.82% | 11.84% | 10.84% | 6.15% | 9.08% | 7.75% | 8.51% | -4.81% | 2.57% | 2.93% | 7.09% | 5.11% | 11.68% | 1.07% | 6.75% | 5.8% | 8.84% | 7.16% | 9.51% | 5.64% | 7.97% | 6.36% | 8.29% | 9.17% | 9.4% |
| EPS 2 | - | 111.4 | 97.94 | 180.0 | 129.5 | 158.8 | - | 82.87 | 146.5 | 229.4 | 131.7 | -59.87 | - | 38.82 | 104.0 | 142.9 | 172.1 | 13.70 | 185.8 | 80.01 | 137.9 | 212.0 | 150.3 | 84.47 | 247.0 | 104.3 | 271.0 | 310.0 | 310.0 |
| Dividend per Share 2 | - | 30.00 | - | 33.33 | - | 45.00 | - | - | 53.00 | 53.00 | - | 53.00 | 53.00 | - | 58.00 | 58.00 | - | 58.00 | - | - | 70.00 | - | - | 70.00 | - | - | - | - | - |
| Announcement Date | 5/15/20 | 10/30/20 | 4/28/21 | 11/1/21 | 1/31/22 | 5/11/22 | 5/11/22 | 8/1/22 | 11/1/22 | 11/1/22 | 1/31/23 | 4/28/23 | 4/28/23 | 8/2/23 | 11/1/23 | 11/1/23 | 1/31/24 | 4/26/24 | 4/26/24 | - | - | - | - | - | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 59,423 | 37,007 | 240,474 | 245,973 | 35,738 | 212,766 | 114,045 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 151,594 |
| Leverage (Debt/EBITDA) | 0.2666 x | 0.147 x | 0.1552 x | 0.6557 x | 0.0983 x | 0.5097 x | 0.2412 x | - |
| Free Cash Flow 1 | 48,961 | 10,459 | -102,559 | -12,937 | 228,418 | 83,491 | 124,466 | 164,559 |
| ROE (net income / shareholders' equity) | 6.7% | 8.6% | 11.6% | 8.3% | 7.9% | 9.34% | 10.3% | 11.1% |
| ROA (Net income/ Total Assets) | 4.87% | 3.65% | 6.47% | 5.46% | 3.8% | 4.58% | 5.2% | 5.8% |
| Assets 1 | 1,185,980 | 2,172,508 | 2,029,806 | 2,092,874 | 3,281,150 | 3,511,012 | 3,723,974 | 3,831,927 |
| Book Value Per Share 2 | 2,227 | 2,648 | 3,431 | 3,845 | 4,500 | 4,779 | 5,120 | 5,549 |
| Cash Flow per Share 2 | 482.0 | 580.0 | 814.0 | 845.0 | 831.0 | 878.0 | 981.0 | 1,052 |
| Capex 1 | 173,429 | 212,355 | 291,337 | 275,709 | 218,589 | 242,500 | 234,363 | 235,457 |
| Capex / Sales | 12.72% | 14.36% | 15.32% | 12.64% | 10.39% | 10.92% | 9.82% | 9.24% |
| Announcement Date | 5/15/20 | 4/28/21 | 5/11/22 | 4/28/23 | 4/26/24 | - | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
11,195
JPY
Average target price
9,536
JPY
Spread / Average Target
-14.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.82% | 108B | |
| -18.95% | 58.53B | |
| -23.73% | 17.24B | |
| -36.39% | 12.92B | |
| -8.10% | 10.9B | |
| +8.48% | 4.98B | |
| -10.56% | 4.73B | |
| +8.52% | 4.4B | |
| +25.14% | 4.69B |
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