Initiating Coverage of Taiyo Yuden with No Moat, Stable Trend Rating, FVE of 1,900
We are initiating coverage of Taiyo Yuden with no-moat and stable moat trend ratings, along with a JPY 1,900 fair value estimate. Our fair value estimate implies a P/E ratio of 15.9 times and EV/EBITDA ratio of 5.2 times on fiscal year 2019 (financial year ending March 2019) basis. Taiyo Yuden’s share price has approximately doubled since the bottom in July 2016, as a result of a weaker Japanese yen and higher expectations of solid demand of passive components. While we expect that demand for a ...TAIYO YUDEN is a manufacturer mainly engaged in the electronic component business. Co. is involved in the manufacture and sale of electronic parts such as ceramic condensers, inductors, ferrite-applied components, ferrite cores, high frequency dielectric components, circuits modules, energy devices and composite ceramic applied components, among others. Co. is also engaged in the temporary staffing services, as well as consultation services for environmental measurement.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.