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Aisin Seiki

DB:AKN
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AKN
DB
¥653B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Aisin Seiki Co., Ltd. manufactures and sells automotive parts, lifestyle and energy related products, and wellness related products worldwide. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
  • Aisin Seiki has significant price volatility in the past 3 months.
AKN Share Price and Events
7 Day Returns
-12.1%
DB:AKN
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-38.6%
DB:AKN
-52.5%
DE Auto Components
-20.9%
DE Market
AKN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aisin Seiki (AKN) -12.1% -22.7% -38.2% -38.6% -53.2% -41.5%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • AKN outperformed the Auto Components industry which returned -52.5% over the past year.
  • AKN underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
AKN
Industry
5yr Volatility vs Market

Value

 Is Aisin Seiki undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aisin Seiki to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aisin Seiki.

DB:AKN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AKN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 30.86%) (111.73%))
1.609
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.61
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.609 * 6.33%)
9.79%

Discounted Cash Flow Calculation for DB:AKN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aisin Seiki is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AKN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.79%)
2020 50,079.25 Analyst x4 45,611.73
2021 89,948.75 Analyst x4 74,616.10
2022 94,508.40 Analyst x5 71,404.65
2023 97,408.62 Est @ 3.07% 67,030.46
2024 99,387.10 Est @ 2.03% 62,290.75
2025 100,683.89 Est @ 1.3% 57,474.10
2026 101,485.68 Est @ 0.8% 52,763.75
2027 101,932.67 Est @ 0.44% 48,268.41
2028 102,127.68 Est @ 0.19% 44,046.54
2029 102,144.96 Est @ 0.02% 40,123.97
Present value of next 10 years cash flows ¥563,630.00
DB:AKN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥102,144.96 × (1 + -0.39%) ÷ (9.79% – -0.39%)
¥999,016.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥999,016.00 ÷ (1 + 9.79%)10
¥392,427.51
DB:AKN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥563,630.00 + ¥392,427.51
¥956,057.51
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥956,057.51 / 269.50
¥3547.46
DB:AKN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AKN represents 0.00842x of TSE:7259
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00842x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,547.46 x 0.00842
€29.88
Value per share (EUR) From above. €29.88
Current discount Discount to share price of €20.40
= -1 x (€20.40 - €29.88) / €29.88
31.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Aisin Seiki is available for.
Intrinsic value
32%
Share price is €20.4 vs Future cash flow value of €29.88
Current Discount Checks
For Aisin Seiki to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aisin Seiki's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aisin Seiki's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aisin Seiki's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aisin Seiki's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AKN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥273.01
TSE:7259 Share Price ** TSE (2020-04-06) in JPY ¥2422
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aisin Seiki.

DB:AKN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7259 Share Price ÷ EPS (both in JPY)

= 2422 ÷ 273.01

8.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aisin Seiki is good value based on earnings compared to the DE Auto Components industry average.
  • Aisin Seiki is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Aisin Seiki's expected growth come at a high price?
Raw Data
DB:AKN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
32.7%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:AKN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.87x ÷ 32.7%

0.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aisin Seiki is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Aisin Seiki's assets?
Raw Data
DB:AKN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥5,138.72
TSE:7259 Share Price * TSE (2020-04-06) in JPY ¥2422
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:AKN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7259 Share Price ÷ Book Value per Share (both in JPY)

= 2422 ÷ 5,138.72

0.47x

* Primary Listing of Aisin Seiki.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aisin Seiki is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Aisin Seiki's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Aisin Seiki has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Aisin Seiki expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aisin Seiki expected to grow at an attractive rate?
  • Aisin Seiki's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Aisin Seiki's earnings growth is expected to exceed the Germany market average.
  • Aisin Seiki's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AKN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AKN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 32.7%
DB:AKN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 2.4%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AKN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AKN Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 4,143,000 405,790 112,000 1
2023-03-31 4,052,000 386,387 105,000 1
2022-03-31 3,957,565 379,892 103,005 14
2021-03-31 3,693,503 364,646 69,445 15
2020-04-06
2020-03-31 3,769,566 337,963 35,108 15
DB:AKN Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 3,901,529 315,531 73,576
2019-09-30 3,962,406 307,093 75,954
2019-06-30 3,998,223 337,153 87,410
2019-03-31 4,043,110 354,942 110,123
2018-12-31 4,043,662 381,615 121,350
2018-09-30 4,048,287 399,640 143,101
2018-06-30 3,999,825 349,465 143,176
2018-03-31 3,908,937 311,542 134,551
2017-12-31 3,836,180 299,732 128,426
2017-09-30 3,720,175 311,036 127,878
2017-06-30 3,640,977 341,197 116,362
2017-03-31 3,562,622 394,812 126,653

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aisin Seiki's earnings are expected to grow significantly at over 20% yearly.
  • Aisin Seiki's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AKN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Aisin Seiki Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AKN Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 415.60 415.60 415.60 1.00
2023-03-31 389.60 389.60 389.60 1.00
2022-03-31 388.80 512.55 286.45 15.00
2021-03-31 266.75 413.85 137.29 15.00
2020-04-06
2020-03-31 132.66 174.55 28.27 16.00
DB:AKN Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 273.01
2019-09-30 281.84
2019-06-30 324.36
2019-03-31 408.64
2018-12-31 450.21
2018-09-30 529.35
2018-06-30 526.25
2018-03-31 490.22
2017-12-31 463.66
2017-09-30 457.13
2017-06-30 411.91
2017-03-31 444.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aisin Seiki is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aisin Seiki's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aisin Seiki has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Aisin Seiki performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aisin Seiki's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aisin Seiki's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Aisin Seiki's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Aisin Seiki's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Aisin Seiki's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aisin Seiki Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AKN Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,901,529.00 73,576.00 297,278.00
2019-09-30 3,962,406.00 75,954.00 306,727.00
2019-06-30 3,998,223.00 87,410.00 297,944.00
2019-03-31 4,043,110.00 110,123.00 293,778.00
2018-12-31 4,043,662.00 121,350.00 301,740.00
2018-09-30 4,048,287.00 143,101.00 281,064.00
2018-06-30 3,999,825.00 143,176.00 287,529.00
2018-03-31 3,908,937.00 134,551.00 276,289.00
2017-12-31 3,836,180.00 128,426.00 286,318.00
2017-09-30 3,720,175.00 127,878.00 294,371.00
2017-06-30 3,640,977.00 116,362.00 295,471.00
2017-03-31 3,562,622.00 126,653.00 295,728.00
2016-12-31 3,445,093.00 119,388.00 290,812.00
2016-09-30 3,380,988.00 113,890.00 281,791.00
2016-06-30 3,310,130.00 116,410.00 272,861.00
2016-03-31 3,243,178.00 96,974.00 279,860.00
2015-12-31 3,175,850.00 92,377.00 262,547.00
2015-09-30 3,088,870.00 78,513.00 257,855.00
2015-06-30 3,028,690.00 75,811.00 261,048.00
2015-03-31 2,963,971.00 77,318.00 249,494.00
2014-12-31 2,911,706.00 74,899.00 248,493.00
2014-09-30 2,870,056.00 77,599.00 246,469.00
2014-06-30 2,829,657.00 84,953.00 239,579.00
2014-03-31 2,822,215.00 90,089.00 237,894.00
2013-12-31 2,741,792.00 95,556.00 233,946.00
2013-09-30 2,625,019.00 85,489.00 219,993.00
2013-06-30 2,573,963.00 82,326.00 205,002.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Aisin Seiki has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aisin Seiki used its assets less efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Aisin Seiki's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aisin Seiki's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aisin Seiki has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Aisin Seiki's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aisin Seiki's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aisin Seiki is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aisin Seiki's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aisin Seiki's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aisin Seiki Company Filings, last reported 3 months ago.

DB:AKN Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,918,501.00 677,200.00 386,796.00
2019-09-30 1,878,175.00 647,451.00 341,415.00
2019-06-30 1,855,766.00 599,466.00 338,700.00
2019-03-31 1,873,627.00 610,340.00 357,195.00
2018-12-31 1,834,461.00 577,397.00 357,532.00
2018-09-30 1,882,772.00 555,188.00 396,703.00
2018-06-30 1,829,642.00 517,499.00 384,610.00
2018-03-31 1,803,128.00 517,541.00 406,508.00
2017-12-31 1,809,674.00 518,258.00 375,507.00
2017-09-30 1,762,319.00 494,364.00 370,015.00
2017-06-30 1,704,827.00 465,998.00 399,959.00
2017-03-31 1,694,863.00 458,762.00 394,559.00
2016-12-31 1,666,030.00 439,608.00 342,336.00
2016-09-30 1,539,836.00 412,750.00 293,676.00
2016-06-30 1,516,114.00 372,548.00 294,331.00
2016-03-31 1,477,989.00 385,626.00 352,104.00
2015-12-31 1,546,988.00 398,570.00 358,596.00
2015-09-30 1,498,165.00 416,249.00 358,254.00
2015-06-30 1,551,477.00 422,693.00 404,342.00
2015-03-31 1,532,691.00 428,039.00 408,177.00
2014-12-31 1,486,503.00 404,692.00 396,680.00
2014-09-30 1,395,945.00 382,656.00 384,913.00
2014-06-30 1,336,641.00 373,735.00 415,935.00
2014-03-31 1,328,502.00 395,048.00 438,166.00
2013-12-31 1,322,446.00 397,424.00 404,885.00
2013-09-30 1,262,494.00 405,441.00 395,332.00
2013-06-30 1,234,349.00 372,821.00 413,108.00
  • Aisin Seiki's level of debt (35.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (27.2% vs 35.3% today).
  • Debt is well covered by operating cash flow (46.6%, greater than 20% of total debt).
  • Aisin Seiki earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Aisin Seiki's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aisin Seiki has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Aisin Seiki's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.95%
Current annual income from Aisin Seiki dividends. Estimated to be 4.94% next year.
If you bought €2,000 of Aisin Seiki shares you are expected to receive €99 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Aisin Seiki's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Aisin Seiki's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AKN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AKN Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 125.00 1.00
2023-03-31 120.00 1.00
2022-03-31 126.08 15.00
2021-03-31 113.47 16.00
2020-04-06
2020-03-31 120.00 15.00
DB:AKN Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-10-31 120.000 3.312
2019-06-19 150.000 4.342
2019-04-26 150.000 4.038
2018-07-31 150.000 3.352
2018-06-20 150.000 2.972
2018-04-27 150.000 2.616
2018-02-13 130.000 2.194
2018-02-02 130.000 2.034
2017-10-31 130.000 2.106
2017-06-19 125.000 2.160
2017-04-28 125.000 2.224
2017-02-10 100.000 1.838
2017-02-02 100.000 1.852
2016-10-28 100.000 2.027
2016-06-20 100.000 2.205
2016-04-28 100.000 2.335
2016-02-03 100.000 2.302
2015-06-19 100.000 2.108
2015-04-28 100.000 1.807
2015-02-03 95.000 2.148
2014-10-31 95.000 2.275
2014-06-19 95.000 2.432
2014-04-25 95.000 2.606
2014-02-03 75.000 2.108
2013-10-31 75.000 1.855
2013-06-19 75.000 1.875
2013-02-13 50.000 1.411
2013-02-01 50.000 1.517
2012-11-13 50.000 1.956
2012-10-31 50.000 2.246
2012-07-31 50.000 2.080
2012-04-27 50.000 1.987
2012-02-13 50.000 1.766
2012-02-03 50.000 1.943
2011-10-28 50.000 2.198
2011-06-22 50.000 1.869
2011-04-28 50.000 1.733
2011-02-10 50.000 1.760
2011-02-03 50.000 1.587
2010-10-29 50.000 1.754
2010-07-30 30.000 1.250
2010-06-24 30.000 1.218
2010-04-28 30.000 1.146
2010-02-12 20.000 0.779
2010-02-03 20.000 0.842
2009-11-12 20.000 0.831
2009-10-30 20.000 0.892
2009-06-22 40.000 1.779
2009-04-28 40.000 2.052

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Aisin Seiki's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Aisin Seiki's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aisin Seiki afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aisin Seiki has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Aisin Seiki's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kiyotaka Ise
AGE 64
TENURE AS CEO 1.8 years
CEO Bio

Mr. Kiyotaka Ise has been President and Director of Aisin Seiki Co., Ltd. since June 2018. He was the President of Lexus International and Senior Managing Officer at Toyota Motor Corp since 2013. Mr. Ise was the Chief Safety Technology Officer and President of Innovative R&D & Engineering Company at Toyota Motor Corporation since April 18, 2016. He served as Chief Officer of Motor Sports Group, Chief Officer of R&D Group, General Manager of Chassis Engineering Field, General Manager of Material Engineering Field and General Manager of Fuel Cell System Engineering Field at Toyota Motor Corporation until April 18, 2016. Mr. Ise served as Executive Chief Engineer, Development Center 2 of Toyota Motor Corp. He served as Managing Officer of Toyota Motor Corp. since June 2009. Mr. Ise served as an External Auditor at Tokai Rika Co., Ltd since June 2013 until July 2018. He served as Director of Hamamatsu Photonics k.k. He served as a Director of Toyota Motor Corporation since 2013. He served as a Director of TOYOTA TECHNOCRAFT Co.,Ltd. He received a Master’s degree in precision engineering from Kyoto University in 1980.

CEO Compensation
  • Insufficient data for Kiyotaka to compare compensation growth.
  • Insufficient data for Kiyotaka to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Aisin Seiki management team in years:

4.3
Average Tenure
62
Average Age
  • The tenure for the Aisin Seiki management team is about average.
Management Team

Kiyotaka Ise

TITLE
President & Director
AGE
64
TENURE
1.8 yrs

Kazumi Usami

TITLE
Operating Officer
AGE
63
TENURE
7.8 yrs

Mike Saito

TITLE
Senior Managing Officer

Toshiyuki Mizushima

TITLE
Executive VP & Director
AGE
60
TENURE
1.8 yrs

Makoto Mitsuya

TITLE
Executive VP & Director
AGE
61
TENURE
6.8 yrs

Takahisa Hirose

TITLE
Operating Officers

Seiichi Takahashi

TITLE
Senior Managing Officer
AGE
66

Hiroaki Tatematsu

TITLE
VP & Corporate Officer

Shintaro Ito

TITLE
Operating Officers
AGE
58

Hirotoshi Ito

TITLE
Operating Officers
Board of Directors Tenure

Average tenure and age of the Aisin Seiki board of directors in years:

7.8
Average Tenure
63
Average Age
  • The tenure for the Aisin Seiki board of directors is about average.
Board of Directors

Kanshiro Toyoda

TITLE
Chairman of the Board
COMPENSATION
¥104M
AGE
78
TENURE
14.8 yrs

Kiyotaka Ise

TITLE
President & Director
AGE
64
TENURE
1.8 yrs

Toshiyuki Mizushima

TITLE
Executive VP & Director
AGE
60
TENURE
1.8 yrs

Makoto Mitsuya

TITLE
Executive VP & Director
AGE
61
TENURE
10.8 yrs

Kazuhisa Ozaki

TITLE
Director
AGE
62
TENURE
4.8 yrs

Tetsuya Otake

TITLE
Director
AGE
59

Toshikazu Nagura

TITLE
Standing Auditor
AGE
68
TENURE
3.8 yrs

Ryo Kobayashi

TITLE
External Auditor
AGE
62
TENURE
10.8 yrs

Hikaru Takasu

TITLE
External Auditor
AGE
64
TENURE
9.8 yrs

Masayoshi Hotta

TITLE
Standing Auditor
AGE
64
TENURE
7.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Aisin Seiki's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aisin Seiki has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Aisin Seiki Co., Ltd. manufactures and sells automotive parts, lifestyle and energy related products, and wellness related products worldwide. It offers powertrain related products, such as automatic, manual, and hybrid transmission products; and CVT, engine, and other products. The company also provides chassis and vehicle safety systems comprising parking assist systems, driver monitoring systems, disc brakes, brake assemblies, electric parking brakes, brake master cylinder with brake assistance, electronically controlled brake systems, ABS and ESC modulators, brake calipers, power tilt and telescopic steering columns, air suspension systems, and active rear steering systems. In addition, it offers window regulators, power sliding and back door systems, power door latches, slide door closers, and smart handles, as well as door frames, hinges, checks, handles, and beams; frame moldings, roof rails, rear spoilers, sunroofs, and structural adhesives; bumper and pillar reinforcements, crash boxes, center pillar garnishes, grille shutters, spray damping coats, and waterborne anti-corrosion paints; and occupant detection sensors, power seats, recliners, rear seat relaxation systems, electrical retracts seats, seat slide sensors for airbag control system, detection sensors for seat belt warning, and pneumatic seats. Further, the company provides engine front modules, water and oil pumps, variable valve timings, oil pump rotors, intake and exhaust manifolds, pistons, oil pans, cylinder head covers, and fuel rails; voice and car navigation systems, and wide-view front and multi-terrain monitors; and aftermarket products. Additionally, it offers beds, furniture, fabrics, sewing machines, cogeneration systems, housing equipment, and audio equipment; gas heat pump air conditioning systems and Peltier modules; and fiber lasers. The company was founded in 1943 and is headquartered in Kariya, Japan.

Details
Name: Aisin Seiki Co., Ltd.
AKN
Exchange: DB
Founded: 1943
¥5,536,495,826
269,504,585
Website: http://www.aisin.com
Address: Aisin Seiki Co., Ltd.
2-1, Asahi-machi,
Kariya,
Aichi, 448-8650,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7259 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK ASEK.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB AKN Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK ASEK.Y ADR Pink Sheets LLC US USD 05. Dec 2008
Number of employees
Current staff
Staff numbers
119,732
Aisin Seiki employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 22:09
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.