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Toyota Boshoku

DB:TY7
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TY7
DB
¥225B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Toyota Boshoku Corporation manufactures and sells automotive interior systems and products, automotive filter and power train equipment components, automotive components, and fabric goods in Japan. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Toyota Boshoku has significant price volatility in the past 3 months.
TY7 Share Price and Events
7 Day Returns
-5.7%
DB:TY7
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-28.2%
DB:TY7
-47.8%
DE Auto Components
-16.6%
DE Market
TY7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Toyota Boshoku (TY7) -5.7% -12.3% -28.6% -28.2% -50.5% -18.4%
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
  • TY7 outperformed the Auto Components industry which returned -47.8% over the past year.
  • TY7 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
TY7
Industry
5yr Volatility vs Market

Value

 Is Toyota Boshoku 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 Toyota Boshoku 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 Toyota Boshoku.

DB:TY7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
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:TY7
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%) (55.3%))
1.385
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.385 * 6.33%)
8.38%

Discounted Cash Flow Calculation for DB:TY7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Toyota Boshoku 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:TY7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.38%)
2020 6,431.00 Analyst x3 5,933.75
2021 21,353.25 Analyst x4 18,178.81
2022 24,946.40 Analyst x5 19,595.67
2023 25,344.78 Est @ 1.6% 18,369.25
2024 25,598.45 Est @ 1% 17,118.56
2025 25,747.84 Est @ 0.58% 15,887.12
2026 25,822.90 Est @ 0.29% 14,701.45
2027 25,845.39 Est @ 0.09% 13,576.53
2028 25,830.90 Est @ -0.06% 12,519.76
2029 25,790.54 Est @ -0.16% 11,533.67
Present value of next 10 years cash flows ¥147,414.00
DB:TY7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥25,790.54 × (1 + -0.39%) ÷ (8.38% – -0.39%)
¥292,928.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥292,928.83 ÷ (1 + 8.38%)10
¥130,999.39
DB:TY7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥147,414.00 + ¥130,999.39
¥278,413.39
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥278,413.39 / 186.82
¥1490.28
DB:TY7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TY7 represents 0.00829x of TSE:3116
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00829x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,490.28 x 0.00829
€12.36
Value per share (EUR) From above. €12.36
Current discount Discount to share price of €10.00
= -1 x (€10.00 - €12.36) / €12.36
19.1%

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

Current Discount
Amount off the current price Toyota Boshoku is available for.
Intrinsic value
19%
Share price is €10 vs Future cash flow value of €12.36
Current Discount Checks
For Toyota Boshoku to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Toyota Boshoku's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Toyota Boshoku'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 Toyota Boshoku's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Toyota Boshoku's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TY7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥150.24
TSE:3116 Share Price ** TSE (2020-04-07) in JPY ¥1206
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 Toyota Boshoku.

DB:TY7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3116 Share Price ÷ EPS (both in JPY)

= 1206 ÷ 150.24

8.03x

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

  • Toyota Boshoku is good value based on earnings compared to the DE Auto Components industry average.
  • Toyota Boshoku is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Toyota Boshoku's expected growth come at a high price?
Raw Data
DB:TY7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
11.8%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 .

DB:TY7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.03x ÷ 11.8%

0.68x

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

  • Toyota Boshoku is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Toyota Boshoku's assets?
Raw Data
DB:TY7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥1,571.00
TSE:3116 Share Price * TSE (2020-04-07) in JPY ¥1206
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:TY7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3116 Share Price ÷ Book Value per Share (both in JPY)

= 1206 ÷ 1,571.00

0.77x

* Primary Listing of Toyota Boshoku.

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

  • Toyota Boshoku is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Toyota Boshoku'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. Toyota Boshoku 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.

Future Performance

 How is Toyota Boshoku expected to perform in the next 1 to 3 years based on estimates from 9 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
11.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Toyota Boshoku expected to grow at an attractive rate?
  • Toyota Boshoku's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Toyota Boshoku's earnings growth is positive but not above the Germany market average.
  • Toyota Boshoku's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TY7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TY7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 11.8%
DB:TY7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.1%
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:TY7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TY7 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 1,397,856 79,146 32,502 9
2021-03-31 1,357,244 69,748 28,120 9
2020-04-07
2020-03-31 1,387,944 63,183 25,337 9
DB:TY7 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,428,730 27,984
2019-09-30 1,445,909 55,773 27,817
2019-06-30 1,424,757 27,979
2019-03-31 1,417,376 60,720 27,457
2018-12-31 1,413,230 31,298
2018-09-30 1,413,475 88,132 35,907
2018-06-30 1,411,482 39,099
2018-03-31 1,399,530 86,117 42,762
2017-12-31 1,390,212 46,212
2017-09-30 1,362,741 84,724 51,211
2017-06-30 1,365,660 46,983
2017-03-31 1,357,913 95,389 45,359

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Toyota Boshoku's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
  • Toyota Boshoku's revenue is expected to grow by 0.1% 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:TY7 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 9 Analyst Estimates (S&P Global) See Below

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

DB:TY7 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 174.18 200.80 141.53 9.00
2021-03-31 150.68 171.80 102.39 9.00
2020-04-07
2020-03-31 135.82 156.00 123.30 9.00
DB:TY7 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 150.24
2019-09-30 149.56
2019-06-30 150.66
2019-03-31 147.85
2018-12-31 168.53
2018-09-30 193.35
2018-06-30 210.54
2018-03-31 230.27
2017-12-31 248.84
2017-09-30 275.76
2017-06-30 253.00
2017-03-31 244.28

*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.
  • Toyota Boshoku is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Toyota Boshoku'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.
Toyota Boshoku has a total score of 1/6, 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 Toyota Boshoku 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 Toyota Boshoku'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.
  • Toyota Boshoku has delivered over 20% year on year earnings growth in the past 5 years.
  • Toyota Boshoku's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Toyota Boshoku's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Toyota Boshoku'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 Toyota Boshoku Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TY7 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 1,428,730.00 27,984.00 67,751.00 9,669.00
2019-09-30 1,445,909.00 27,817.00 71,508.00 9,669.00
2019-06-30 1,424,757.00 27,979.00 71,924.00 9,669.00
2019-03-31 1,417,376.00 27,457.00 71,210.00 9,669.00
2018-12-31 1,413,230.00 31,298.00 74,289.00 3,484.00
2018-09-30 1,413,475.00 35,907.00 70,752.00 3,484.00
2018-06-30 1,411,482.00 39,099.00 70,191.00 3,484.00
2018-03-31 1,399,530.00 42,762.00 69,451.00 3,484.00
2017-12-31 1,390,212.00 46,212.00 73,881.00 1,110.00
2017-09-30 1,362,741.00 51,211.00 72,003.00 1,110.00
2017-06-30 1,365,660.00 46,983.00 71,616.00 1,110.00
2017-03-31 1,357,913.00 45,359.00 72,918.00 1,110.00
2016-12-31 1,363,526.00 9,115.00 73,815.00 1,159.00
2016-09-30 1,390,262.00 -520.00 76,682.00 1,159.00
2016-06-30 1,406,837.00 3,295.00 78,274.00 1,159.00
2016-03-31 1,415,772.00 3,900.00 78,118.00 1,159.00
2015-12-31 1,406,448.00 22,891.00 78,463.00 1,628.00
2015-09-30 1,372,774.00 14,168.00 76,021.00 1,628.00
2015-06-30 1,331,325.00 10,789.00 74,971.00 1,628.00
2015-03-31 1,305,502.00 5,204.00 75,283.00 1,628.00
2014-12-31 1,279,537.00 7,060.00 72,544.00 1,942.00
2014-09-30 1,251,943.00 9,858.00 71,817.00 1,942.00
2014-06-30 1,233,736.00 8,547.00 71,540.00 1,942.00
2014-03-31 1,218,399.00 12,610.00 68,460.00 1,942.00
2013-12-31 1,169,365.00 13,808.00 66,382.00 3,131.00
2013-09-30 1,120,341.00 17,811.00 64,225.00 3,131.00
2013-06-30 1,094,413.00 16,870.00 60,592.00 3,131.00

*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.
  • Toyota Boshoku has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Toyota Boshoku used its assets less efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Toyota Boshoku's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Toyota Boshoku'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.
Toyota Boshoku 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 Toyota Boshoku'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 Toyota Boshoku's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Toyota Boshoku is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Toyota Boshoku's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Toyota Boshoku'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 3.8x 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 Toyota Boshoku Company Filings, last reported 3 months ago.

DB:TY7 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 324,788.00 124,594.00 163,266.00
2019-09-30 325,170.00 119,389.00 166,074.00
2019-06-30 323,643.00 115,145.00 172,842.00
2019-03-31 329,329.00 114,760.00 158,192.00
2018-12-31 306,339.00 92,097.00 165,928.00
2018-09-30 313,617.00 111,413.00 196,113.00
2018-06-30 306,048.00 109,108.00 205,378.00
2018-03-31 308,620.00 107,056.00 194,158.00
2017-12-31 297,862.00 113,964.00 197,786.00
2017-09-30 288,521.00 84,566.00 159,392.00
2017-06-30 278,799.00 88,455.00 168,765.00
2017-03-31 276,274.00 93,959.00 162,335.00
2016-12-31 249,633.00 101,531.00 155,241.00
2016-09-30 228,524.00 100,237.00 139,768.00
2016-06-30 236,614.00 121,932.00 157,983.00
2016-03-31 243,145.00 144,924.00 173,186.00
2015-12-31 273,468.00 141,613.00 160,906.00
2015-09-30 271,922.00 162,646.00 178,470.00
2015-06-30 270,429.00 144,064.00 153,792.00
2015-03-31 264,036.00 146,779.00 153,434.00
2014-12-31 261,048.00 151,271.00 152,002.00
2014-09-30 252,204.00 147,822.00 143,722.00
2014-06-30 244,993.00 142,576.00 144,655.00
2014-03-31 249,081.00 136,531.00 136,548.00
2013-12-31 240,423.00 159,168.00 157,135.00
2013-09-30 239,272.00 133,730.00 136,087.00
2013-06-30 232,741.00 125,483.00 138,702.00
  • Toyota Boshoku's level of debt (38.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (57.9% vs 38.4% today).
  • Debt is well covered by operating cash flow (44.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 585.4x coverage).
X
Financial health checks
We assess Toyota Boshoku'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. Toyota Boshoku has a total score of 6/6, 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 Toyota Boshoku'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
4.64%
Current annual income from Toyota Boshoku dividends. Estimated to be 4.56% next year.
If you bought €2,000 of Toyota Boshoku shares you are expected to receive €93 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?
  • Toyota Boshoku's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Toyota Boshoku'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:TY7 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 9 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:TY7 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 55.78 9.00
2021-03-31 54.22 9.00
2020-04-07
2020-03-31 56.00 9.00
DB:TY7 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-02-13 56.000 4.172
2020-01-31 56.000 3.401
2019-11-13 56.000 3.240
2019-10-31 56.000 3.330
2019-06-21 56.000 3.836
2018-07-31 56.000 3.197
2018-06-14 56.000 2.682
2018-04-27 56.000 2.536
2018-02-02 50.000 2.201
2017-11-13 50.000 2.150
2017-10-31 50.000 2.262
2017-06-14 50.000 2.223
2017-04-28 50.000 2.228
2017-02-13 42.000 1.686
2017-02-02 42.000 1.783
2016-11-14 42.000 1.613
2016-10-28 42.000 1.601
2016-06-15 36.000 1.606
2016-04-28 36.000 1.658
2016-02-12 30.000 1.641
2016-02-03 30.000 1.612
2015-11-13 30.000 1.232
2015-10-30 30.000 1.118
2015-06-15 20.000 0.934
2015-04-28 20.000 1.052
2015-02-13 18.000 1.175
2015-02-03 18.000 1.259
2014-11-13 18.000 1.201
2014-10-31 18.000 1.412
2014-06-16 18.000 1.591
2014-04-25 18.000 1.663
2013-10-31 18.000 1.554
2013-06-14 18.000 1.309
2013-04-26 18.000 1.226
2012-07-31 16.000 1.629
2012-06-15 16.000 1.774
2012-04-27 16.000 1.791
2012-02-13 14.000 1.447
2012-02-03 14.000 1.617
2011-11-11 14.000 1.715
2011-10-28 14.000 1.556
2011-06-23 16.000 1.395
2011-04-28 16.000 1.306
2011-02-10 16.000 1.318
2011-02-03 16.000 1.176
2010-11-12 16.000 1.090
2010-10-29 16.000 1.151
2010-06-24 14.000 1.054
2010-04-28 14.000 0.930
2010-02-10 10.000 0.613
2010-02-03 10.000 0.597
2009-11-12 10.000 0.514
2009-10-15 10.000 0.524
2009-06-22 20.000 1.184
2009-04-28 20.000 1.568

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 Toyota Boshoku's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x 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 Toyota Boshoku'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 Toyota Boshoku afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Toyota Boshoku 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 Toyota Boshoku'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
Takeshi Numa
TENURE AS CEO 2 years
CEO Bio

Mr. Takeshi Numa has been the President at Toyota Boshoku Corp. since April 1, 2018 and serves as its Unit Chief of Corporate Operation Unit & Quality Field and had been its Field General Manager of Quality Field. Mr. Numa has been Unit Chief of BR North America Project Promotion Dept. at Toyota Boshoku Corporation. Mr. Numa was an Executive Vice President of Toyota Boshoku Corporation since June 16, 2016 until April 1, 2018. Mr. Numa served as Vice President of Toyota Boshoku Corporation until June 16, 2016. Mr. Numa served as Managing Officer of Toyota Motor Corporation from April 1, 2015 to April 1, 2016. Mr. Numa serves as a Director of Toyota Boshoku Corporation. Mr. Numa served as a Non Executive Director at Toyota Caetano Portugal, S.A. from August 30, 2012 to April 9, 2016.

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

Takeshi Numa

TITLE
President
TENURE
2 yrs

Yoshihiro Ito

TITLE
Executive VP

Teruo Suzuki

TITLE
Executive VP

Ikuo Mochizuki

TITLE
Operating Officer & Group Chief of The Americas Region Group

Yasushi Minami

TITLE
Operating Officer and Group Chief of Asia & Oceania Region

Hiroshi Ioki

TITLE
Operating Officer

Shinji Kano

TITLE
EVP, Unit Chief of Safety

Yasuhiro Fueta

TITLE
Operating Officer

Shouji Adachi

TITLE
Operating Officer & Chief of Unit Components Business Segment

Masanobu Ishikawa

TITLE
Operating Officer & Group Chief of Seat Business
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure of the Toyota Boshoku board of directors in years:

2.5
Average Tenure
  • The average tenure for the Toyota Boshoku board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shuhei Toyoda

TITLE
Chairman
AGE
72
TENURE
4.8 yrs

Takeshi Numa

TITLE
President

Yoshihiro Ito

TITLE
Executive VP
TENURE
2.3 yrs

Teruo Suzuki

TITLE
Executive VP
TENURE
2.3 yrs

Shinji Kano

TITLE
EVP, Unit Chief of Safety

Yasuhiro Fueta

TITLE
Operating Officer
TENURE
2.8 yrs

Kazue Sasaki

TITLE
Outside Director
TENURE
3.8 yrs

Takeshi Ogasawara

TITLE
Outside Director
AGE
66
TENURE
2.8 yrs

Akihiro Koyama

TITLE
Outside Director
TENURE
1.8 yrs

Hiroyuki Ina

TITLE
Outside Director
TENURE
0.8 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 Toyota Boshoku'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. Toyota Boshoku 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

Toyota Boshoku Corporation manufactures and sells automotive interior systems and products, automotive filter and power train equipment components, automotive components, and fabric goods in Japan. The company offers seats, door trims, and leather instrument panels; headliners, such as ceiling-mounted rear entertainment systems and panorama roofs; headliner and instrument panel mystic illumination, and illuminated twin consoles; and floor carpets, tonneau covers, package trays, electric sunshade systems, and silencers. It also offers textile components comprising seat fabrics, curtain-shield airbags, seatbelt webbings, and partition nets; and exterior components consisting of bumpers, fender liners, and engine undercovers. In addition, the company provides filter products, including air and oil filters; anti-allergen and deodorizing cabin, pollen removal cabin, anti-bacterial and mould resistant cabin, and clean air filters; and hydrocarbon absorption filters. Further, it offers air induction part products, such as air induction systems and cleaners, intake manifolds, and cylinder head covers; fuel cell part products comprising stack manifolds and separators; and motor core components for hybrid systems, fluid filters for automatic transmission, oil mist separators, revolving sensors, ignition coils for motorcycles, and ABS coils. Additionally, the company provides aircraft and railway seats, as well as fabric wall decorations for home interior applications. Toyota Boshoku Corporation was founded in 1918 and is based in Kariya, Japan.

Details
Name: Toyota Boshoku Corporation
TY7
Exchange: DB
Founded: 1918
¥1,898,963,473
186,820,002
Website: http://www.toyota-boshoku.com/jp
Address: Toyota Boshoku Corporation
1-1 Toyoda-cho,
Kariya,
Aichi, Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3116 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK TDBO.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB TY7 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
43,103
Toyota Boshoku employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:20
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/24
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.