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NHK Spring

DB:NHK
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NHK
DB
¥158B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

NHK Spring Co., Ltd. offers automobile, data communications, and industry and lifestyle products in Japan and internationally. The last earnings update was 61 days ago. More info.


Add to Portfolio Compare Print
  • NHK Spring has significant price volatility in the past 3 months.
NHK Share Price and Events
7 Day Returns
-4.3%
DB:NHK
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-33.2%
DB:NHK
-47.8%
DE Auto Components
-16.6%
DE Market
NHK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NHK Spring (NHK) -4.3% -11.2% -31.5% -33.2% -43.9% -46.2%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • NHK outperformed the Auto Components industry which returned -47.8% over the past year.
  • NHK underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
NHK
Industry
5yr Volatility vs Market
Related Companies

Value

 Is NHK Spring 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 NHK Spring 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 NHK Spring.

DB:NHK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
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:NHK
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 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 30.86%) (37.63%))
1.292
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.292 * 6.33%)
7.79%

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

The calculations below outline how an intrinsic value for NHK Spring 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:NHK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.79%)
2020 -10,159.00 Analyst x1 -9,424.84
2021 13,900.00 Analyst x1 11,963.56
2022 16,400.00 Analyst x1 13,095.21
2023 16,661.90 Est @ 1.6% 12,342.87
2024 16,828.66 Est @ 1% 11,565.49
2025 16,926.88 Est @ 0.58% 10,792.30
2026 16,976.22 Est @ 0.29% 10,041.56
2027 16,991.00 Est @ 0.09% 9,324.00
2028 16,981.48 Est @ -0.06% 8,645.33
2029 16,954.95 Est @ -0.16% 8,008.02
Present value of next 10 years cash flows ¥86,353.00
DB:NHK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥16,954.95 × (1 + -0.39%) ÷ (7.79% – -0.39%)
¥206,473.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥206,473.37 ÷ (1 + 7.79%)10
¥97,519.83
DB:NHK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥86,353.00 + ¥97,519.83
¥183,872.83
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥183,872.83 / 235.43
¥781.01
DB:NHK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NHK represents 0.00828x of TSE:5991
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00828x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 781.01 x 0.00828
€6.47
Value per share (EUR) From above. €6.47
Current discount Discount to share price of €5.55
= -1 x (€5.55 - €6.47) / €6.47
14.2%

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

Current Discount
Amount off the current price NHK Spring is available for.
Intrinsic value
14%
Share price is €5.55 vs Future cash flow value of €6.47
Current Discount Checks
For NHK Spring to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NHK Spring's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • NHK Spring'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 NHK Spring's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NHK Spring's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NHK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥-30.06
TSE:5991 Share Price ** TSE (2020-04-07) in JPY ¥670
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of NHK Spring.

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

= TSE:5991 Share Price ÷ EPS (both in JPY)

= 670 ÷ -30.06

-22.29x

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

  • NHK Spring is loss making, we can't compare its value to the DE Auto Components industry average.
  • NHK Spring is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does NHK Spring's expected growth come at a high price?
Raw Data
DB:NHK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -22.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
52.1%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for NHK Spring, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NHK Spring's assets?
Raw Data
DB:NHK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥1,190.26
TSE:5991 Share Price * TSE (2020-04-07) in JPY ¥670
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:NHK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5991 Share Price ÷ Book Value per Share (both in JPY)

= 670 ÷ 1,190.26

0.56x

* Primary Listing of NHK Spring.

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

  • NHK Spring is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess NHK Spring'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. NHK Spring has a total score of 1/6, 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 NHK Spring expected to perform in the next 1 to 3 years based on estimates from 4 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
52.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NHK Spring expected to grow at an attractive rate?
  • NHK Spring's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • NHK Spring's earnings growth is expected to exceed the Germany market average.
  • NHK Spring's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NHK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NHK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 52.1%
DB:NHK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.7%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:NHK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NHK Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 683,300 46,400 15,550 4
2021-03-31 663,425 43,900 12,975 4
2020-04-07
2020-03-31 658,275 37,818 7,750 4
DB:NHK Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 661,003 -7,128
2019-09-30 669,033 35,606 -5,750
2019-06-30 675,137 -1,315
2019-03-31 681,006 36,794 7,104
2018-12-31 691,468 19,416
2018-09-30 677,588 43,960 20,502
2018-06-30 668,855 20,056
2018-03-31 659,730 49,811 20,495
2017-12-31 649,882 24,731
2017-09-30 645,134 57,762 27,578
2017-06-30 635,665 27,723
2017-03-31 626,950 55,664 25,098

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NHK Spring's earnings are expected to grow significantly at over 20% yearly.
  • NHK Spring's revenue is expected to grow by 1.7% 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:NHK 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 4 Analyst Estimates (S&P Global) See Below

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

DB:NHK Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 65.91 77.40 55.70 4.00
2021-03-31 55.05 68.40 45.10 4.00
2020-04-07
2020-03-31 32.64 36.70 30.70 4.00
DB:NHK Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 -30.06
2019-09-30 -24.25
2019-06-30 -5.55
2019-03-31 29.96
2018-12-31 81.89
2018-09-30 86.47
2018-06-30 84.59
2018-03-31 86.44
2017-12-31 104.05
2017-09-30 115.32
2017-06-30 115.23
2017-03-31 103.70

*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.
  • NHK Spring is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NHK Spring'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.
NHK Spring 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 NHK Spring 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 NHK Spring'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.
  • NHK Spring does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare NHK Spring's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare NHK Spring's 1-year growth to the DE Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
NHK Spring'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 NHK Spring Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NHK Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 661,003.00 -7,128.00 46,468.00
2019-09-30 669,033.00 -5,750.00 46,749.00
2019-06-30 675,137.00 -1,315.00 46,335.00
2019-03-31 681,006.00 7,104.00 46,302.00
2018-12-31 691,468.00 19,416.00 46,591.00
2018-09-30 677,588.00 20,502.00 46,035.00
2018-06-30 668,855.00 20,056.00 45,817.00
2018-03-31 659,730.00 20,495.00 45,404.00
2017-12-31 649,882.00 24,731.00 44,210.00
2017-09-30 645,134.00 27,578.00 44,063.00
2017-06-30 635,665.00 27,723.00 43,585.00
2017-03-31 626,950.00 25,098.00 43,505.00
2016-12-31 623,877.00 22,997.00 43,933.00
2016-09-30 629,036.00 20,501.00 43,823.00
2016-06-30 634,277.00 19,539.00 43,742.00
2016-03-31 640,516.00 21,592.00 43,806.00
2015-12-31 636,807.00 24,238.00 40,114.00 2,041.00
2015-09-30 626,585.00 24,593.00 39,591.00 2,041.00
2015-06-30 615,862.00 24,061.00 39,431.00 2,041.00
2015-03-31 601,434.00 23,873.00 38,031.00 2,041.00
2014-12-31 591,504.00 22,231.00 36,815.00 2,015.00
2014-09-30 580,459.00 22,794.00 36,258.00 2,015.00
2014-06-30 578,305.00 24,818.00 35,159.00 2,015.00
2014-03-31 569,711.00 24,677.00 35,046.00 2,015.00
2013-12-31 550,723.00 25,560.00 33,093.00 1,869.00
2013-09-30 532,524.00 22,929.00 32,769.00 1,869.00
2013-06-30 515,129.00 21,349.00 32,676.00 1,869.00

*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.
  • It is difficult to establish if NHK Spring has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if NHK Spring has efficiently used its assets last year compared to the DE Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if NHK Spring improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess NHK Spring'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.
NHK Spring has a total score of 0/6, 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 NHK Spring'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 NHK Spring's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NHK Spring is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NHK Spring's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NHK Spring'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 4.9x 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 NHK Spring Company Filings, last reported 3 months ago.

DB:NHK Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 297,586.00 58,817.00 78,277.00
2019-09-30 292,155.00 56,404.00 83,538.00
2019-06-30 291,715.00 67,656.00 96,238.00
2019-03-31 296,060.00 69,522.00 98,573.00
2018-12-31 315,188.00 72,037.00 99,956.00
2018-09-30 315,419.00 72,711.00 107,517.00
2018-06-30 308,604.00 51,152.00 92,687.00
2018-03-31 307,647.00 52,996.00 95,251.00
2017-12-31 311,392.00 58,817.00 97,436.00
2017-09-30 301,479.00 57,266.00 93,500.00
2017-06-30 291,326.00 47,552.00 80,532.00
2017-03-31 292,776.00 48,295.00 82,575.00
2016-12-31 284,452.00 50,812.00 75,708.00
2016-09-30 266,911.00 45,035.00 72,932.00
2016-06-30 265,318.00 35,590.00 73,356.00
2016-03-31 269,836.00 39,650.00 72,553.00
2015-12-31 283,345.00 42,613.00 71,561.00
2015-09-30 279,922.00 44,386.00 88,237.00
2015-06-30 282,136.00 47,141.00 71,017.00
2015-03-31 274,892.00 48,879.00 83,701.00
2014-12-31 256,378.00 48,759.00 67,593.00
2014-09-30 237,410.00 58,591.00 69,170.00
2014-06-30 231,397.00 51,280.00 59,603.00
2014-03-31 230,039.00 52,477.00 62,256.00
2013-12-31 229,065.00 56,805.00 55,591.00
2013-09-30 221,410.00 65,220.00 62,175.00
2013-06-30 214,412.00 61,397.00 56,826.00
  • NHK Spring's level of debt (19.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (19% vs 19.8% today).
  • Debt is well covered by operating cash flow (60.5%, greater than 20% of total debt).
  • NHK Spring is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess NHK Spring'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. NHK Spring has a total score of 4/6, 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 NHK Spring'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
3.58%
Current annual income from NHK Spring dividends. Estimated to be 3.58% next year.
If you bought €2,000 of NHK Spring shares you are expected to receive €72 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?
  • NHK Spring's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • NHK Spring's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
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:NHK 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 4 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:NHK Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 24.00 4.00
2021-03-31 24.00 4.00
2020-04-07
2020-03-31 24.00 4.00
DB:NHK Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-07 24.000 2.753
2019-11-06 24.000 2.542
2019-06-27 24.000 2.943
2019-05-10 24.000 2.920
2018-06-28 23.000 2.200
2018-05-11 23.000 2.066
2018-02-06 23.000 2.052
2017-11-08 23.000 1.856
2017-06-29 23.000 1.929
2017-05-11 23.000 1.944
2017-02-06 22.000 1.755
2017-02-03 22.000 1.855
2016-11-10 22.000 2.040
2016-11-09 22.000 2.223
2016-06-29 22.000 2.365
2016-05-12 22.000 2.437
2016-02-08 22.000 2.158
2016-02-05 22.000 2.064
2015-11-10 22.000 1.858
2015-11-09 22.000 1.767
2015-06-29 22.000 1.785
2015-05-12 22.000 1.535
2015-02-06 20.000 1.584
2015-02-05 20.000 1.798
2014-11-07 20.000 1.951
2014-11-06 20.000 1.926
2014-06-30 20.000 2.006
2014-05-12 20.000 2.182
2014-02-10 20.000 2.038
2014-02-07 20.000 1.972
2013-11-08 20.000 1.763
2013-06-28 16.000 1.481
2013-05-10 16.000 1.403
2012-06-29 15.000 1.933
2012-05-10 15.000 1.760
2011-05-11 16.000 2.138
2011-03-15 16.000 2.106
2011-02-10 16.000 1.718
2011-02-08 16.000 1.659
2010-11-12 14.000 1.572
2010-11-08 14.000 1.737
2010-10-25 10.500 1.548
2010-06-30 10.500 1.447
2010-05-14 10.500 1.173
2010-05-11 10.500 1.138
2010-02-09 7.000 0.858
2010-02-08 7.000 0.924
2009-11-13 7.000 0.861
2009-11-12 7.000 0.987
2009-06-29 7.000 1.029
2009-05-12 7.000 1.315

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of NHK Spring's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 NHK Spring's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 NHK Spring afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NHK Spring has a total score of 3/6, 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 NHK Spring'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
Takashi Kayamoto
CEO Bio

Mr. Takashi Kayamoto serves as Chief Executive Officer of NHK Spring Co., Ltd. Mr. Kayamoto has been President and Chief Operating Officer of NHK Spring Co., Ltd. since April 17, 2017. Mr. Kayamoto served as an Executive Corporate Officer of NHK Spring Co. Ltd. until April 17, 2017 and served as its Corporate Officer. Mr. Kayamoto served as Director of Bonding and Ceramic Department of NHK Spring Co. Ltd. He serves as a Director of NHK Spring Co., Ltd.

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

Takashi Kayamoto

TITLE
President

Toru Sugiyama

TITLE
Executive VP

Tomomi Tanisumi

TITLE
Manager of Human Resources Department

Kaoru Hatayama

TITLE
Executive Vice President

Toshio Kazama

TITLE
Executive Corporate Officer

Hidekazu Hoshino

TITLE
Executive Corporate Officer

Ryuichi Shibata

TITLE
Executive Corporate Officer

Hironobu Sugiura

TITLE
Senior Corporate Officer

Kiyohiko Kammei

TITLE
Executive Corporate Officer

Hideto Enomoto

TITLE
Senior Corporate Officer
Board of Directors Tenure

Average tenure and age of the NHK Spring board of directors in years:

2.6
Average Tenure
70
Average Age
  • The average tenure for the NHK Spring board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kazumi Tamamura

TITLE
Chairman
AGE
70
TENURE
3 yrs

Takashi Kayamoto

TITLE
President

Toru Sugiyama

TITLE
Executive VP
TENURE
2.3 yrs

Kiyohiko Kammei

TITLE
Executive Corporate Officer

Kazuhisa Uemura

TITLE
Senior Corporate Officer & Director
TENURE
2.3 yrs

Keiichiro Sue

TITLE
External Director
AGE
62

Katsuko Tanaka

TITLE
External Director
TENURE
3.8 yrs

Tsunehiko Hirama

TITLE
Audit & Supervisory Board Member

Susumu Komori

TITLE
External Audit & Supervisory Board Member
AGE
75

Kenji Shimizu

TITLE
Audit & Supervisory Board Member
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 NHK Spring'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. NHK Spring 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

NHK Spring Co., Ltd. offers automobile, data communications, and industry and lifestyle products in Japan and internationally. Its automobile products include automotive suspension springs, such as coil springs, stabilizers/torsion bars, stabilinkers, and leaf springs; and power train products, and braking and exhaust systems, including valve springs, thin leaf springs for disk brakes, and clutch diaphragms/waved springs/arc springs. The company’s automobile products also consist of automotive seating, interiors, and exteriors products comprising sporty automotive seating, air suspension seats, axis locks for arm rest, power automotive seating, seals/sheets, screws and bolts, and control cables; motorcycle related chain tensioners; and electric related products, such as metal base printed wiring boards, aluminum and steel substrates, laser radar actuator for vehicles, and other metal substrates, as well as thin leaf springs and precision stamped products. Its data communication products comprise HDD-related products, such as suspensions, top covers, disk rings, parts for carriage, and bases; data communications and semiconductor device related products, including test sockets, full wafer probe cards, wire springs/precision machine items, lock hinges, and brazed products; electric related products consisting of metal base printed wiring boards, aluminum and steel substrates; and microcontactor solutions, such as full wafer probe cards, probe cards for wafer and package TAB scans, test sockets, and SMT type burn-in sockets. The company’s industry and life style products include plant, spring mechanism, chemical, multi-story parking system, counterfeiting prevention, electronic components department, railway, maritime, and sports related products, and products related to various tests and design services. NHK Spring Co., Ltd. was founded in 1939 and is headquartered in Yokohama, Japan.

Details
Name: NHK Spring Co., Ltd.
NHK
Exchange: DB
Founded: 1939
¥1,329,475,903
235,428,880
Website: http://www.nhkspg.co.jp
Address: NHK Spring Co., Ltd.
3-10, Fukuura,
Kanazawa-ku,
Yokohama,
Kanagawa, 236-0004,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5991 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB NHK Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
18,196
NHK Spring employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:21
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/17
Last earnings filing: 2020/02/06
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.