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Toyo Logistics

DB:TQY
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TQY
DB
¥13B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Toyo Logistics Co., Ltd. engages in the transportation, warehousing, distribution, and real estate businesses in Japan. The last earnings update was 29 days ago. More info.


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TQY Share Price and Events
7 Day Returns
3%
DB:TQY
2.5%
DE Commercial Services
1%
DE Market
1 Year Returns
25.2%
DB:TQY
9.3%
DE Commercial Services
16.4%
DE Market
TQY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Toyo Logistics (TQY) 3% 0% 5.7% 25.2% 21.6% 43.7%
DE Commercial Services 2.5% 1.7% 10.8% 9.3% -0.5% -1.5%
DE Market 1% -0.4% 6.5% 16.4% 9.3% 21.7%
1 Year Return vs Industry and Market
  • TQY outperformed the Commercial Services industry which returned 9.3% over the past year.
  • TQY outperformed the Market in Germany which returned 16.4% over the past year.
Price Volatility
TQY
Industry
5yr Volatility vs Market

TQY Value

 Is Toyo Logistics 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 Toyo Logistics 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 Toyo Logistics.

DB:TQY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.7%
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:TQY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.667 (1 + (1- 30.86%) (110.04%))
1.117
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.117 * 6.33%)
6.68%

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

The calculations below outline how an intrinsic value for Toyo Logistics 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:TQY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.68%)
2020 1,196.66 Est @ 14.59% 1,121.73
2021 1,317.50 Est @ 10.1% 1,157.68
2022 1,409.09 Est @ 6.95% 1,160.63
2023 1,476.00 Est @ 4.75% 1,139.63
2024 1,523.35 Est @ 3.21% 1,102.53
2025 1,555.76 Est @ 2.13% 1,055.50
2026 1,577.12 Est @ 1.37% 1,002.99
2027 1,590.43 Est @ 0.84% 948.12
2028 1,597.96 Est @ 0.47% 892.97
2029 1,601.39 Est @ 0.21% 838.85
Present value of next 10 years cash flows ¥10,420.00
DB:TQY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥1,601.39 × (1 + -0.39%) ÷ (6.68% – -0.39%)
¥22,563.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥22,563.58 ÷ (1 + 6.68%)10
¥11,819.40
DB:TQY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥10,420.00 + ¥11,819.40
¥22,239.40
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥22,239.40 / 38.18
¥582.51
DB:TQY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TQY represents 0.00822x of TSE:9306
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00822x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 582.51 x 0.00822
€4.79
Value per share (EUR) From above. €4.79
Current discount Discount to share price of €2.78
= -1 x (€2.78 - €4.79) / €4.79
42%

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

Current Discount
Amount off the current price Toyo Logistics is available for.
Intrinsic value
42%
Share price is €2.78 vs Future cash flow value of €4.79
Current Discount Checks
For Toyo Logistics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Toyo Logistics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Toyo Logistics'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 Toyo Logistics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Toyo Logistics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TQY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥27.72
TSE:9306 Share Price ** TSE (2019-12-10) in JPY ¥338
Germany Commercial Services Industry PE Ratio Median Figure of 5 Publicly-Listed Commercial Services Companies 31.35x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.93x

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

** Primary Listing of Toyo Logistics.

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

= TSE:9306 Share Price ÷ EPS (both in JPY)

= 338 ÷ 27.72

12.19x

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

  • Toyo Logistics is good value based on earnings compared to the DE Commercial Services industry average.
  • Toyo Logistics is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Toyo Logistics's expected growth come at a high price?
Raw Data
DB:TQY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 1.43x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.44x

*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 Toyo Logistics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Toyo Logistics's assets?
Raw Data
DB:TQY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥512.86
TSE:9306 Share Price * TSE (2019-12-10) in JPY ¥338
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 3.15x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.87x
DB:TQY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9306 Share Price ÷ Book Value per Share (both in JPY)

= 338 ÷ 512.86

0.66x

* Primary Listing of Toyo Logistics.

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

  • Toyo Logistics is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Toyo Logistics'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Toyo Logistics has a total score of 5/6, see the detailed checks below.

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

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

TQY Future Performance

 How is Toyo Logistics expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Toyo Logistics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
22%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Toyo Logistics expected to grow at an attractive rate?
  • Unable to compare Toyo Logistics's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Toyo Logistics's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Toyo Logistics's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TQY Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 22%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:TQY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TQY Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:TQY Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 30,174 2,575 1,058
2019-06-30 29,420 961
2019-03-31 28,962 2,345 1,020
2018-12-31 28,419 952
2018-09-30 27,767 1,668 951
2018-06-30 27,576 976
2018-03-31 27,144 1,952 884
2017-12-31 26,907 928
2017-09-30 26,396 2,095 757
2017-06-30 26,038 747
2017-03-31 25,845 1,734 736
2016-12-31 25,535 738

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Toyo Logistics is high growth as no earnings estimate data is available.
  • Unable to determine if Toyo Logistics is high growth as no revenue estimate data is available.
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:TQY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Toyo Logistics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TQY Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:TQY Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 27.72
2019-06-30 25.19
2019-03-31 26.74
2018-12-31 24.96
2018-09-30 24.94
2018-06-30 25.60
2018-03-31 23.20
2017-12-31 24.36
2017-09-30 19.87
2017-06-30 19.61
2017-03-31 19.33
2016-12-31 19.38

*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.
  • Unable to establish if Toyo Logistics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Toyo Logistics is trading at Toyo Logistics'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Toyo Logistics's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Toyo Logistics's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Toyo Logistics'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.
Toyo Logistics has a total score of 0/6, 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.

TQY Past Performance

  How has Toyo Logistics 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 Toyo Logistics's growth in the last year to its industry (Commercial Services).
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.
  • Toyo Logistics's year on year earnings growth rate has been positive over the past 5 years.
  • Toyo Logistics's 1-year earnings growth is less than its 5-year average (11.3% vs 12%)
  • Toyo Logistics's earnings growth has exceeded the Europe Commercial Services industry average in the past year (11.3% vs 5.9%).
Earnings and Revenue History
Toyo Logistics'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 Toyo Logistics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TQY Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 30,174.00 1,058.00 870.00
2019-06-30 29,420.00 961.00 864.00
2019-03-31 28,962.00 1,020.00 863.00
2018-12-31 28,419.00 952.00 853.00
2018-09-30 27,767.00 951.00 856.00
2018-06-30 27,576.00 976.00 858.00
2018-03-31 27,144.00 884.00 852.00
2017-12-31 26,907.00 928.00 817.00
2017-09-30 26,396.00 757.00 821.00
2017-06-30 26,038.00 747.00 816.00
2017-03-31 25,845.00 736.00 810.00
2016-12-31 25,535.00 738.00 834.00
2016-09-30 25,229.00 763.00 832.00
2016-06-30 24,993.00 660.00 839.00
2016-03-31 24,803.00 631.00 862.00
2015-12-31 24,610.00 385.00 855.00
2015-09-30 24,140.00 578.00 854.00
2015-06-30 23,605.00 583.00 852.00
2015-03-31 23,122.00 588.00 837.00
2014-12-31 22,883.00 864.00 842.00
2014-09-30 22,761.00 643.00 836.00
2014-06-30 22,741.00 619.00 838.00
2014-03-31 22,421.00 602.00 842.00
2013-12-31 21,795.00 503.00 835.00
2013-09-30 21,354.00 499.00 820.00
2013-06-30 20,760.00 427.00 830.00
2013-03-31 20,555.00 413.00 842.00
2012-12-31 20,600.00 406.00 850.00

*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.
  • Toyo Logistics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Toyo Logistics used its assets less efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • Toyo Logistics has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Toyo Logistics'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 Commercial Services 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.
Toyo Logistics has a total score of 3/6, 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.

TQY Health

 How is Toyo Logistics'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 Toyo Logistics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Toyo Logistics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Toyo Logistics's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Toyo Logistics'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 not covered by short term assets, assets are 0.9x 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 Toyo Logistics Company Filings, last reported 2 months ago.

DB:TQY Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 19,580.00 14,200.00 4,763.00
2019-06-30 19,311.00 14,753.00 4,781.00
2019-03-31 19,243.00 13,630.00 3,805.00
2018-12-31 18,978.00 14,289.00 3,817.00
2018-09-30 19,201.00 14,528.00 3,929.00
2018-06-30 18,904.00 14,896.00 3,972.00
2018-03-31 18,711.00 13,995.00 3,194.00
2017-12-31 18,727.00 15,199.00 4,441.00
2017-09-30 18,405.00 14,033.00 3,728.00
2017-06-30 18,118.00 13,611.00 2,710.00
2017-03-31 17,876.00 12,607.00 2,347.00
2016-12-31 17,724.00 12,920.00 1,917.00
2016-09-30 17,304.00 12,162.00 1,691.00
2016-06-30 16,900.00 12,661.00 2,034.00
2016-03-31 16,869.00 12,490.00 1,609.00
2015-12-31 17,329.00 12,737.00 1,463.00
2015-09-30 17,155.00 11,998.00 1,738.00
2015-06-30 17,232.00 11,933.00 1,419.00
2015-03-31 16,950.00 11,656.00 1,331.00
2014-12-31 16,865.00 12,393.00 1,274.00
2014-09-30 16,482.00 12,557.00 1,721.00
2014-06-30 16,282.00 13,058.00 1,394.00
2014-03-31 16,168.00 12,447.00 1,698.00
2013-12-31 16,286.00 13,468.00 1,449.00
2013-09-30 16,170.00 12,868.00 1,293.00
2013-06-30 16,027.00 13,222.00 1,651.00
2013-03-31 16,074.00 13,314.00 1,591.00
2012-12-31 15,732.00 13,667.00 1,495.00
  • Toyo Logistics's level of debt (67.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (68.2% vs 67.5% today).
  • Debt is not well covered by operating cash flow (19.5%, less than 20% of total debt).
  • Toyo Logistics earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Toyo Logistics'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. Toyo Logistics has a total score of 3/6, 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.

TQY Dividends

 What is Toyo Logistics'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
2.37%
Current annual income from Toyo Logistics dividends.
If you bought €2,000 of Toyo Logistics shares you are expected to receive €47 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?
  • Toyo Logistics's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.37%).
  • Toyo Logistics's dividend is below the markets top 25% of dividend payers in Germany (3.59%).
Upcoming dividend payment

Purchase Toyo Logistics before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:TQY 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 0 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:TQY Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:TQY Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-11 8.000 2.372
2019-11-07 8.000 2.365
2019-06-26 7.500 2.384
2019-05-09 7.500 2.378
2019-02-12 7.000 2.186
2019-02-06 7.000 2.334
2018-11-12 7.000 2.407
2018-11-08 7.000 2.251
2018-06-27 7.000 2.059
2018-05-10 7.000 1.914
2017-06-28 6.500 1.971
2017-05-11 6.500 2.191
2016-06-28 6.500 2.433
2016-05-11 6.500 2.930
2015-06-25 6.500 2.574
2015-05-11 6.500 2.211
2014-06-26 6.500 2.292
2014-05-08 6.500 2.560
2013-06-27 6.500 2.525
2013-05-07 6.500 2.489
2012-08-08 6.500 3.094
2012-06-28 6.500 3.656
2012-05-08 6.500 3.694
2012-02-07 6.500 3.525
2011-11-09 6.500 3.845
2011-08-08 6.500 3.821
2011-06-29 6.500 3.685
2011-05-11 6.500 3.789
2011-02-07 6.500 3.577
2010-11-10 6.500 3.534
2010-06-29 6.500 3.587
2010-05-12 6.500 3.410
2010-02-10 6.500 3.380
2009-11-12 6.500 3.568
2009-11-10 6.500 3.520
2009-06-26 6.500 3.317
2009-05-13 6.500 3.472
2009-02-13 7.500 4.231
2009-02-10 7.500 4.412

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 Toyo Logistics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.9x 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 Toyo Logistics'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 Toyo Logistics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Toyo Logistics 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.

TQY Management

 What is the CEO of Toyo Logistics'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
Masaharu Muto
AGE 67
TENURE AS CEO 7.5 years
CEO Bio

Mr. Masaharu Muto has been the President at Toyo Logistics Co. Ltd. since June 2012. Mr. Muto served as General Manager of Domestic Sales Headquarters, Managing Executive Officer of Toyo Logistics Co. Ltd. since June 2008 and served as its Director since June 2004. He has been a Representative Director at Toyo Logistics Co. Ltd since June 2009.

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

Average tenure and age of the Toyo Logistics management team in years:

6.1
Average Tenure
60.5
Average Age
  • The average tenure for the Toyo Logistics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Masaharu Muto

TITLE
President and Representative Director
AGE
67
TENURE
7.5 yrs

Makoto Watanabe

TITLE
Executive Officer
AGE
56

Hiroyuki Yamagishi

TITLE
Managing Executive Officer
AGE
71
TENURE
10.5 yrs

Eiji Wakayama

TITLE
Executive Officer and Manager of Real Estate Department
AGE
65
TENURE
4.7 yrs

Koshi Hidaka

TITLE
Executive Officer and Manager of International Sales Promotion Department

Yoshihide Igi

TITLE
Executive Officer
AGE
55
TENURE
3.7 yrs

Akira Aoyama

TITLE
Executive Officer
AGE
55

Akito Yamamoto

TITLE
Executive Officer and General Manager of Tokyo Sales Division
Board of Directors Tenure

Average tenure and age of the Toyo Logistics board of directors in years:

8
Average Tenure
67.5
Average Age
  • The tenure for the Toyo Logistics board of directors is about average.
Board of Directors

Yoshitaka Shiraishi

TITLE
Chairman of the Board
AGE
74
TENURE
7.5 yrs

Masaharu Muto

TITLE
President and Representative Director
AGE
67
TENURE
10.5 yrs

Makoto Watanabe

TITLE
Executive Officer
AGE
56

Hiroyuki Yamagishi

TITLE
Managing Executive Officer
AGE
71
TENURE
9.5 yrs

Yoshihide Igi

TITLE
Executive Officer
AGE
55
TENURE
5.5 yrs

Akira Aoyama

TITLE
Executive Officer
AGE
55
TENURE
5.5 yrs

Kazumitsu Imai

TITLE
Director
AGE
69
TENURE
15.5 yrs

Hiroshi Nagata

TITLE
External Director
AGE
71
TENURE
5.5 yrs

Koichiro Ichihashi

TITLE
External Director
AGE
64

Katsumaro Kondo

TITLE
External Auditor
AGE
68
TENURE
8.5 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 Toyo Logistics'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. Toyo Logistics 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.

TQY News

Simply Wall St News

TQY Company Info

Description

Toyo Logistics Co., Ltd. engages in the transportation, warehousing, distribution, and real estate businesses in Japan. The company provides international transportation services, including land, sea, and air routes linking Japan to other countries worldwide. It also offers harbor transportation services comprising shipping agency, disposal of exported and imported cargo, marine container transportation, and customs brokerage services, as well as coordinates the storage, distribution, and packing of merchandise of multiple-type/small-lot shipments; and cargo and customs clearance services. In addition, the company provides cargo warehousing and storage services; domestic distribution services; logistics distribution services by truck; and trunk room services. Further, it designs, constructs, and manages various real estate facilities. The company was founded in 1893 and is based in Nagoya, Japan. Toyo Logistics Co., Ltd. is a subsidiary of Toray Industries, Inc.

Details
Name: Toyo Logistics Co., Ltd.
TQY
Exchange: DB
Founded: 1893
¥106,987,847
38,178,413
Website: http://www.toyo-logistics.co.jp
Address: Toyo Logistics Co., Ltd.
6-17, Minami 2-chome,
Nakamura-ku,
Nagoya,
Aichi, 450-8614,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9306 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB TQY Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
713
Toyo Logistics employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 21:13
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/30
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.