Taiyo Yuden is one of the top suppliers of passive components, with the third-largest market share in multilayer ceramic capacitors, or MLCCs, by revenue. Passive components are necessary for all electronic circuits. They are used to store electricity, to control electrical current, to enable wireless communication, and to remove electromagnetic noise.
Taiyo Yuden will benefit from increased passive components per phone as a result of advancing technology in telecommunications. In particular, the diffusion of LTE and LTE-Advanced networks and phones will be the driver.
Average prices of smartphones have been gradually decreasing since 2012, and the profitability of handset makers has also been declining. Consequently, price-cut pressure for components will strengthen.
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Metric
|
6976
|
6762
|
009150
|
|---|---|---|---|
Price/Earnings (Normalized) | 90.91 | 31.24 | 119.91 |
Price/Book Value | 3.57 | 2.64 | 11.54 |
Price/Sales | 3.91 | 2.43 | 9.11 |
Price/Cash Flow | 20.76 | 13.04 | 45.51 |
|
Metric
|
6976
|
6762
|
009150
|
|---|---|---|---|
Quick Ratio | 1.99 | 1.14 | 1.14 |
Current Ratio | 3.40 | 1.56 | 1.69 |
Interest Coverage | 11.19 | 8.35 | 14.48 |
|
Metric
|
6976
|
6762
|
009150
|
|---|---|---|---|
Return on Assets (Normalized) | — | — | 8.15% |
Return on Equity (Normalized) | — | — | 12.67% |
Return on Invested Capital (Normalized) | — | — | 9.90% |
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1-Day Chart
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United States