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Sanden Holdings

DB:SOE1
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOE1
DB
¥9B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Sanden Holdings Corporation, together with its subsidiaries, manufactures and sells automotive and commercial store systems in Asia, Europe, and North America. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • Sanden Holdings has significant price volatility in the past 3 months.
SOE1 Share Price and Events
7 Day Returns
-10.7%
DB:SOE1
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-59.1%
DB:SOE1
-47.8%
DE Auto Components
-16.6%
DE Market
SOE1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sanden Holdings (SOE1) -10.7% -30% -58.4% -59.1% -82.4% -87.6%
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
  • SOE1 underperformed the Auto Components industry which returned -47.8% over the past year.
  • SOE1 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
SOE1
Industry
5yr Volatility vs Market

SOE1 Value

 Is Sanden Holdings 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 Sanden Holdings 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 Sanden Holdings.

DB:SOE1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
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:SOE1
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%) (1352.94%))
8.236
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.33%)
12.27%

Discounted Cash Flow Calculation for DB:SOE1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sanden Holdings 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:SOE1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.27%)
2020 37,656.00 Analyst x1 33,540.57
2021 -585.00 Analyst x1 -464.12
2022 2,730.00 Analyst x1 1,929.17
2023 2,773.60 Est @ 1.6% 1,745.78
2024 2,801.36 Est @ 1% 1,570.54
2025 2,817.71 Est @ 0.58% 1,407.06
2026 2,825.92 Est @ 0.29% 1,256.94
2027 2,828.38 Est @ 0.09% 1,120.54
2028 2,826.79 Est @ -0.06% 997.52
2029 2,822.38 Est @ -0.16% 887.11
Present value of next 10 years cash flows ¥43,991.00
DB:SOE1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,822.38 × (1 + -0.39%) ÷ (12.27% – -0.39%)
¥22,206.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥22,206.72 ÷ (1 + 12.27%)10
¥6,979.87
DB:SOE1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥43,991.00 + ¥6,979.87
¥50,970.87
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥50,970.87 / 27.74
¥1837.2
DB:SOE1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SOE1 represents 0.00826x of TSE:6444
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00826x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,837.20 x 0.00826
€15.18
Value per share (EUR) From above. €15.18
Current discount Discount to share price of €2.66
= -1 x (€2.66 - €15.18) / €15.18
82.5%

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

Current Discount
Amount off the current price Sanden Holdings is available for.
Intrinsic value
>50%
Share price is €2.66 vs Future cash flow value of €15.18
Current Discount Checks
For Sanden Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sanden Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sanden Holdings's share price is below the future cash flow value, and 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 Sanden Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sanden Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SOE1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥-323.53
TSE:6444 Share Price ** TSE (2020-04-07) in JPY ¥322
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 Sanden Holdings.

DB:SOE1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6444 Share Price ÷ EPS (both in JPY)

= 322 ÷ -323.53

-1x

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

  • Sanden Holdings is loss making, we can't compare its value to the DE Auto Components industry average.
  • Sanden Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Sanden Holdings's expected growth come at a high price?
Raw Data
DB:SOE1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
39%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 Sanden Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sanden Holdings's assets?
Raw Data
DB:SOE1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥1,082.62
TSE:6444 Share Price * TSE (2020-04-07) in JPY ¥322
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:SOE1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6444 Share Price ÷ Book Value per Share (both in JPY)

= 322 ÷ 1,082.62

0.3x

* Primary Listing of Sanden Holdings.

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

  • Sanden Holdings is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Sanden Holdings'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. Sanden Holdings has a total score of 3/6, 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.

SOE1 Future Performance

 How is Sanden Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
39%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sanden Holdings expected to grow at an attractive rate?
  • Sanden Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Sanden Holdings's earnings growth is expected to exceed the Germany market average.
  • Sanden Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SOE1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SOE1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 39%
DB:SOE1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -17.1%
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:SOE1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SOE1 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 165,000 12,730 3,000 1
2021-03-31 156,000 8,415 1,000 1
2020-04-07
2020-03-31 211,500 45,104 8,680 1
DB:SOE1 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 239,165 -8,963
2019-09-30 264,448 12,658 -20,098
2019-06-30 267,832 -26,660
2019-03-31 273,934 3,043 -23,060
2018-12-31 279,045 333
2018-09-30 283,579 4,836 680
2018-06-30 286,872 4,612
2018-03-31 287,609 7,140 4,255
2017-12-31 288,794 -16,816
2017-09-30 285,449 4,539 -12,889
2017-06-30 284,033 -19,073
2017-03-31 282,061 10,048 -22,488

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sanden Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Sanden Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:SOE1 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 1 Analyst Estimates (S&P Global) See Below

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

DB:SOE1 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 108.10 108.10 108.10 1.00
2021-03-31 36.00 36.00 36.00 1.00
2020-04-07
2020-03-31 312.90 312.90 312.90 1.00
DB:SOE1 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 -323.53
2019-09-30 -725.95
2019-06-30 -963.50
2019-03-31 -833.57
2018-12-31 12.04
2018-09-30 24.59
2018-06-30 166.85
2018-03-31 153.97
2017-12-31 -608.58
2017-09-30 -466.52
2017-06-30 -690.41
2017-03-31 -814.07

*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.
  • Sanden Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sanden Holdings'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.
Sanden Holdings 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.

SOE1 Past Performance

  How has Sanden Holdings 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 Sanden Holdings'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.
  • Sanden Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Sanden Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sanden Holdings's 1-year growth to the DE Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Sanden Holdings'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 Sanden Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SOE1 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 239,165.00 -8,963.00 35,913.00
2019-09-30 264,448.00 -20,098.00 40,424.00
2019-06-30 267,832.00 -26,660.00 41,412.00
2019-03-31 273,934.00 -23,060.00 41,240.00
2018-12-31 279,045.00 333.00 42,265.00
2018-09-30 283,579.00 680.00 42,931.00
2018-06-30 286,872.00 4,612.00 42,696.00
2018-03-31 287,609.00 4,255.00 43,090.00
2017-12-31 288,794.00 -16,816.00 44,278.00
2017-09-30 285,449.00 -12,889.00 44,042.00
2017-06-30 284,033.00 -19,073.00 43,970.00
2017-03-31 282,061.00 -22,488.00 45,046.00
2016-12-31 282,264.00 1,531.00 44,701.00
2016-09-30 282,766.00 -2,584.00 45,221.00
2016-06-30 284,547.00 1,948.00 44,909.00
2016-03-31 294,237.00 6,965.00 44,324.00
2015-12-31 296,068.00 3,977.00 44,703.00
2015-09-30 301,705.00 3,936.00 44,275.00
2015-06-30 309,468.00 5,807.00 45,831.00
2015-03-31 306,984.00 5,580.00 45,579.00
2014-12-31 303,139.00 7,865.00 44,817.00
2014-09-30 297,170.00 9,192.00 43,962.00
2014-06-30 285,630.00 7,946.00 42,191.00
2014-03-31 274,786.00 5,843.00 40,432.00
2013-12-31 263,749.00 3,077.00 38,182.00
2013-09-30 254,335.00 1,234.00 37,038.00
2013-06-30 247,404.00 1,793.00 38,219.00

*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 Sanden Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sanden Holdings 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 Sanden Holdings 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 Sanden Holdings'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.
Sanden Holdings 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.

SOE1 Health

 How is Sanden Holdings'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 Sanden Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sanden Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sanden Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sanden Holdings'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 1.1x 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 Sanden Holdings Company Filings, last reported 3 months ago.

DB:SOE1 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 32,565.00 109,991.00 34,956.00
2019-09-30 23,365.00 127,137.00 15,072.00
2019-06-30 21,843.00 132,044.00 17,825.00
2019-03-31 23,539.00 130,493.00 13,030.00
2018-12-31 45,115.00 131,497.00 12,290.00
2018-09-30 46,530.00 135,997.00 21,097.00
2018-06-30 51,953.00 128,954.00 19,866.00
2018-03-31 50,957.00 126,143.00 18,776.00
2017-12-31 52,488.00 143,820.00 22,982.00
2017-09-30 51,671.00 144,232.00 23,821.00
2017-06-30 50,881.00 143,219.00 20,823.00
2017-03-31 49,158.00 128,488.00 14,040.00
2016-12-31 64,053.00 126,812.00 11,963.00
2016-09-30 57,113.00 126,729.00 15,259.00
2016-06-30 65,421.00 125,522.00 16,923.00
2016-03-31 75,502.00 128,941.00 17,491.00
2015-12-31 73,453.00 132,679.00 17,394.00
2015-09-30 76,714.00 124,521.00 18,618.00
2015-06-30 79,103.00 123,832.00 18,454.00
2015-03-31 75,676.00 121,653.00 20,597.00
2014-12-31 73,236.00 124,203.00 19,919.00
2014-09-30 68,225.00 116,535.00 20,018.00
2014-06-30 65,487.00 119,135.00 19,145.00
2014-03-31 65,650.00 119,047.00 19,087.00
2013-12-31 61,294.00 120,563.00 17,272.00
2013-09-30 56,167.00 118,634.00 20,088.00
2013-06-30 54,519.00 118,583.00 17,919.00
  • Sanden Holdings's level of debt (337.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (169.5% vs 337.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Sanden Holdings has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Sanden Holdings has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Sanden Holdings'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. Sanden Holdings has a total score of 2/6, 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.

SOE1 Dividends

 What is Sanden Holdings'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
0%
Current annual income from Sanden Holdings dividends. Estimated to be 2.33% next year.
If you bought €2,000 of Sanden Holdings shares you are expected to receive €0 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?
  • Unable to evaluate Sanden Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sanden Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:SOE1 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 1 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:SOE1 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 10.00 1.00
2021-03-31 5.00 1.00
2020-04-07
2020-03-31 0.00 1.00
DB:SOE1 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-08 0.000 0.000
2019-02-07 0.000 0.000
2018-06-21 20.000 1.817
2018-05-09 20.000 1.261
2018-02-09 0.000 0.000
2018-02-07 0.000 0.000
2017-11-10 0.000 0.000
2017-11-07 0.000 0.000
2017-08-09 0.000 0.000
2017-08-08 0.000 0.000
2017-06-22 0.000 0.000
2017-05-09 0.000 0.000
2016-06-22 75.000 4.543
2016-05-10 75.000 4.298
2015-06-19 50.000 2.631
2015-05-11 50.000 1.655
2014-06-20 50.000 1.664
2014-05-12 50.000 2.088
2013-08-09 50.000 2.243
2013-08-06 50.000 2.677
2013-05-10 50.000 2.675
2013-02-08 50.000 2.548
2012-11-05 50.000 3.057
2012-08-06 50.000 4.266
2012-06-22 50.000 3.898
2012-05-10 50.000 3.510
2012-02-09 37.500 2.821
2011-11-07 37.500 3.212
2011-08-05 37.500 2.722
2011-06-23 37.500 1.891
2011-05-11 37.500 2.033
2011-02-09 25.000 1.404
2010-11-05 25.000 1.501
2010-06-23 25.000 1.672
2010-05-13 25.000 1.898
2010-02-10 0.000 0.000
2009-11-12 0.000 0.000
2009-11-05 0.000 0.000
2009-08-11 0.000 0.000
2009-06-24 0.000 0.000
2009-05-13 0.000 0.000

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

  • Unable to perform a dividend volatility check as Sanden Holdings has not reported any payouts.
  • Unable to verify if Sanden Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sanden Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sanden Holdings has not reported any payouts.
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 Sanden Holdings'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 Sanden Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sanden Holdings has a total score of 0/6, see the detailed checks below.


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

SOE1 Management

 What is the CEO of Sanden Holdings'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
Katsuya Nishi
AGE 55
CEO Bio

Mr. Katsuya Nishi has been Representative Director and Executive Vice President of Planning, Finance, Accounting, Management control, R&D and Production Strategy at Sanden Holdings Corp. since April 5, 2018 and serves as its President. Mr. Nishi served as Executive Vice President Planning, Finance, Accounting, Management control at Sanden Holdings Corp. since June 2016. He served as Director, Senior Corporate Officer and Division General Manager of Accounting Division at Sanden Holdings Corp. since June 2015 and served as its Senior Director since June 2013. He joined Sanden Holdings Corp. in April 1985. He served as Director, Corporate Officer and Division General Manager of Corporate Planning Office at Sanden Holdings Corp. since June 2009 served as its Senior Corporate Officer of Corporate Planning, Finance, Accounting, Administration since June 2012.

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

Average tenure of the Sanden Holdings management team in years:

2
Average Tenure
  • The tenure for the Sanden Holdings management team is about average.
Management Team

Katsuya Nishi

TITLE
President
AGE
55

Tsutomu Sakakibara

TITLE
Executive Vice President of Management System
AGE
68
TENURE
2 yrs

Mark Ulfig

TITLE
Executive VP of Global Compliance & Director
TENURE
2 yrs

Hiroki Terao

TITLE
Corporate Officer
TENURE
2 yrs

Takao Kaihatsu

TITLE
Senior Executive Managing Officer
TENURE
2 yrs

Takashi Kageyama

TITLE
Executive Managing Officer & Regional MD of China
TENURE
2 yrs

Mitsunori Kodaka

TITLE
Senior Executive Managing Officer and Division GM of R&D and Production Division
TENURE
2 yrs

Hiroshi Takahashi

TITLE
Executive Corporate Officer
TENURE
2 yrs

Masuya Mori

TITLE
Executive Managing Officer & Head of Global Retail Systems Business
TENURE
2 yrs

Tadashi Yoshida

TITLE
Head of Shanghai Representative Office and Senior Corporate Officer
Board of Directors Tenure

Average tenure and age of the Sanden Holdings board of directors in years:

3.8
Average Tenure
69
Average Age
  • The tenure for the Sanden Holdings board of directors is about average.
Board of Directors

Katsuya Nishi

TITLE
President
AGE
55
TENURE
4.8 yrs

Mark Ulfig

TITLE
Executive VP of Global Compliance & Director

Hiroshi Takahashi

TITLE
Executive Corporate Officer

Tsuguo Ito

TITLE
EVP, Senior Executive Managing Officer
TENURE
1.8 yrs

Hideyuki Kobayashi

TITLE
Executive Corporate Officer

Toru Akima

TITLE
Corporate Officer

Hideto Ozaki

TITLE
Outside Director
AGE
73
TENURE
6.8 yrs

Naonori Kimura

TITLE
Outside Director
TENURE
2.8 yrs

Yuzo Ushiyama

TITLE
Outside Director
AGE
69

Shinji Ichikawa

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 Sanden Holdings'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. Sanden Holdings 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.

SOE1 News

Simply Wall St News

SOE1 Company Info

Description

Sanden Holdings Corporation, together with its subsidiaries, manufactures and sells automotive and commercial store systems in Asia, Europe, and North America. The company offers automotive air-conditioning systems and compressors, including heat pump systems, electric coolant heaters, electric and PX compressors, HVAC modules, and intercoolers. It also provides commercial store systems comprising automatic vending and coffee machines, commercial freezers, and open and flat design refrigerated showcases; and electronic money terminal machines, as well as temperature humidity monitoring services. The company was formerly known as Sanden Corporation and changed its name to Sanden Holdings Corporation in April 2015. Sanden Holdings Corporation was founded in 1943 and is headquartered in Isesaki, Japan.

Details
Name: Sanden Holdings Corporation
SOE1
Exchange: DB
Founded: 1943
¥75,295,295
27,743,806
Website: http://www.sanden.co.jp
Address: Sanden Holdings Corporation
20 Kotobuki-cho,
Isesaki,
Gunma, 372-8502,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6444 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB SOE1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
6,907
Sanden Holdings employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:47
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/07
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.