Taiyo Yuden Co Ltd
6976: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥8,471.00 | Ygbynm | Mtpwbthml |
Taiyo Yuden Earnings: MLCC Utilization to Pick up Toward End of 2024; Cutting Fair Value by 8%
The earnings results of four passive component suppliers indicate that the recovery of demand for multilayer ceramic capacitors is underway as expected. In the December quarter, Murata Manufacturing’s book/bill ratio for MLCC exceeded 1 for the first time in seven quarters, while Taiyo Yuden’s BB ratio improved to 1.07 from 1.01 in the previous quarter, when it exceeded 1 for the first time in nine quarters.