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TACLtd

DB:TDC
Snowflake Description

Fair value with mediocre balance sheet.

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

TAC Co.,Ltd. engages in personal education, corporate training, publishing, and manpower businesses in Japan. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • TACLtd has significant price volatility in the past 3 months.
TDC Share Price and Events
7 Day Returns
2.3%
DB:TDC
2.2%
Europe Consumer Services
2.1%
DE Market
1 Year Returns
-29%
DB:TDC
2.4%
Europe Consumer Services
-16.6%
DE Market
TDC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TACLtd (TDC) 2.3% -2.2% -27.9% -29% -26.5% -19.7%
Europe Consumer Services 2.2% -7.2% -6.5% 2.4% -15.6% -55.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • TDC underperformed the Consumer Services industry which returned 2.4% over the past year.
  • TDC underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
TDC
Industry
5yr Volatility vs Market

TDC Value

 Is TACLtd 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 TACLtd 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 TACLtd.

DB:TDC 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 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:TDC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.644 (1 + (1- 30.86%) (209.82%))
1.387
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% + (1.387 * 6.33%)
8.39%

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

The calculations below outline how an intrinsic value for TACLtd 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:TDC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.39%)
2020 667.45 Est @ 4.88% 615.78
2021 689.44 Est @ 3.3% 586.83
2022 704.54 Est @ 2.19% 553.25
2023 714.52 Est @ 1.42% 517.65
2024 720.76 Est @ 0.87% 481.75
2025 724.33 Est @ 0.49% 446.66
2026 725.99 Est @ 0.23% 413.02
2027 726.31 Est @ 0.04% 381.22
2028 725.68 Est @ -0.09% 351.40
2029 724.39 Est @ -0.18% 323.62
Present value of next 10 years cash flows ¥4,671.00
DB:TDC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥724.39 × (1 + -0.39%) ÷ (8.39% – -0.39%)
¥8,217.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥8,217.24 ÷ (1 + 8.39%)10
¥3,671.04
DB:TDC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥4,671.00 + ¥3,671.04
¥8,342.04
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥8,342.04 / 18.50
¥450.82
DB:TDC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TDC represents 0.00825x of TSE:4319
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00825x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 450.82 x 0.00825
€3.72
Value per share (EUR) From above. €3.72
Current discount Discount to share price of €1.32
= -1 x (€1.32 - €3.72) / €3.72
64.5%

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

Current Discount
Amount off the current price TACLtd is available for.
Intrinsic value
>50%
Share price is €1.32 vs Future cash flow value of €3.72
Current Discount Checks
For TACLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TACLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TACLtd'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 TACLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TACLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TDC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥9.19
TSE:4319 Share Price ** TSE (2020-04-07) in JPY ¥160
Europe Consumer Services Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Services Companies 15.21x
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 TACLtd.

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

= TSE:4319 Share Price ÷ EPS (both in JPY)

= 160 ÷ 9.19

17.42x

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

  • TACLtd is overvalued based on earnings compared to the Europe Consumer Services industry average.
  • TACLtd is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does TACLtd's expected growth come at a high price?
Raw Data
DB:TDC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.33x
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 TACLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TACLtd's assets?
Raw Data
DB:TDC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥306.91
TSE:4319 Share Price * TSE (2020-04-07) in JPY ¥160
Europe Consumer Services Industry PB Ratio Median Figure of 22 Publicly-Listed Consumer Services Companies 2.18x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:TDC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4319 Share Price ÷ Book Value per Share (both in JPY)

= 160 ÷ 306.91

0.52x

* Primary Listing of TACLtd.

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

  • TACLtd is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess TACLtd'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 Consumer 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. TACLtd 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.

TDC Future Performance

 How is TACLtd 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 TACLtd 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
17.7%
Expected Consumer Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TACLtd expected to grow at an attractive rate?
  • Unable to compare TACLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TACLtd's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare TACLtd's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TDC Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
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:TDC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:TDC Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:TDC Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 20,407 170
2019-09-30 20,645 879 486
2019-06-30 20,414 262
2019-03-31 20,474 93 309
2018-12-31 20,628 334
2018-09-30 20,690 416 374
2018-06-30 20,830 364
2018-03-31 20,951 534 442
2017-12-31 20,876 596
2017-09-30 20,731 686 460
2017-06-30 20,443 397
2017-03-31 20,440 331 490

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TACLtd is high growth as no earnings estimate data is available.
  • Unable to determine if TACLtd 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:TDC 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 0 Analyst Estimates (S&P Global) See Below

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

DB:TDC Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:TDC Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 9.19
2019-09-30 26.26
2019-06-30 14.16
2019-03-31 16.70
2018-12-31 18.05
2018-09-30 20.21
2018-06-30 19.67
2018-03-31 23.89
2017-12-31 32.21
2017-09-30 24.86
2017-06-30 21.45
2017-03-31 26.48

*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 TACLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether TACLtd is trading at TACLtd'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. TACLtd'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 Consumer Services companies here
  3. TACLtd'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 TACLtd'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
TACLtd 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.

TDC Past Performance

  How has TACLtd 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 TACLtd's growth in the last year to its industry (Consumer 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.
  • TACLtd's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • TACLtd's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TACLtd's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Services industry average.
Earnings and Revenue History
TACLtd'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 TACLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TDC 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 20,407.00 170.00 7,427.00
2019-09-30 20,645.00 486.00 7,417.00
2019-06-30 20,414.00 262.00 7,450.00
2019-03-31 20,474.00 309.00 7,516.00
2018-12-31 20,628.00 334.00 7,557.00
2018-09-30 20,690.00 374.00 7,523.00
2018-06-30 20,830.00 364.00 7,579.00
2018-03-31 20,951.00 442.00 7,604.00
2017-12-31 20,876.00 596.00 7,521.00
2017-09-30 20,731.00 460.00 7,509.00
2017-06-30 20,443.00 397.00 7,428.00
2017-03-31 20,440.00 490.00 7,336.00
2016-12-31 20,236.00 214.00 7,348.00
2016-09-30 20,235.00 261.00 7,313.00
2016-06-30 20,140.00 273.00 7,231.00
2016-03-31 20,007.00 213.00 7,170.00
2015-12-31 19,957.00 274.00 7,242.00
2015-09-30 19,772.00 278.00 7,203.00
2015-06-30 19,725.00 352.00 7,147.00
2015-03-31 19,537.00 208.00 7,160.00
2014-12-31 19,713.00 246.00 6,996.00
2014-09-30 19,786.00 412.00 6,959.00
2014-06-30 20,288.00 659.00 6,980.00
2014-03-31 20,526.00 816.00 6,966.00
2013-12-31 20,534.00 1,142.00 6,859.00
2013-09-30 20,562.00 815.00 6,993.00
2013-06-30 20,599.00 270.00 7,265.00

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

TDC Health

 How is TACLtd'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 TACLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TACLtd's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • TACLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TACLtd'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 1.8x 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 TACLtd Company Filings, last reported 3 months ago.

DB:TDC Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,685.00 6,212.00 6,098.00
2019-09-30 6,209.00 6,516.00 6,419.00
2019-06-30 5,762.00 6,027.00 5,118.00
2019-03-31 5,498.00 6,377.00 5,295.00
2018-12-31 5,581.00 6,752.00 6,131.00
2018-09-30 5,827.00 7,126.00 6,165.00
2018-06-30 5,621.00 6,024.00 4,590.00
2018-03-31 5,292.00 6,465.00 5,673.00
2017-12-31 5,412.00 7,006.00 6,344.00
2017-09-30 5,570.00 7,731.00 6,591.00
2017-06-30 5,375.00 7,363.00 5,888.00
2017-03-31 4,957.00 7,528.00 6,607.00
2016-12-31 4,911.00 8,191.00 7,516.00
2016-09-30 5,175.00 8,638.00 8,028.00
2016-06-30 5,044.00 8,894.00 7,753.00
2016-03-31 4,539.00 7,480.00 7,174.00
2015-12-31 4,764.00 8,201.00 7,869.00
2015-09-30 4,997.00 8,792.00 7,604.00
2015-06-30 4,858.00 7,410.00 5,356.00
2015-03-31 4,386.00 7,819.00 6,542.00
2014-12-31 4,544.00 8,444.00 6,716.00
2014-09-30 4,733.00 5,288.00 6,022.00
2014-06-30 4,501.00 4,888.00 5,298.00
2014-03-31 4,167.00 4,400.00 6,329.00
2013-12-31 4,187.00 4,202.00 5,855.00
2013-09-30 4,218.00 4,528.00 5,801.00
2013-06-30 3,750.00 3,806.00 3,973.00
  • TACLtd's level of debt (109.3%) 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 (185.7% vs 109.3% today).
  • Debt is not well covered by operating cash flow (14.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.1x coverage).
X
Financial health checks
We assess TACLtd'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. TACLtd 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.

TDC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.13%
Current annual income from TACLtd dividends.
If you bought €2,000 of TACLtd shares you are expected to receive €63 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?
  • TACLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • TACLtd'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:TDC 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
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.6%
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:TDC Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:TDC Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-02-04 5.000 2.879
2019-11-12 5.000 2.208
2019-11-05 5.000 2.140
2019-06-27 5.000 2.532
2019-05-15 5.000 2.546
2019-02-05 8.000 3.504
2018-11-12 8.000 3.425
2018-11-05 8.000 3.119
2018-06-27 8.000 2.841
2018-05-15 8.000 2.394
2018-02-14 6.000 1.885
2018-02-13 6.000 2.004
2017-11-10 6.000 1.789
2017-11-06 6.000 2.185
2017-06-28 5.000 1.908
2017-05-15 5.000 2.099
2017-02-10 4.000 1.766
2017-02-03 4.000 1.747
2016-11-10 4.000 1.798
2016-11-04 4.000 1.944
2016-06-29 4.000 2.053
2016-05-13 4.000 1.989
2016-02-10 2.000 1.035
2016-02-05 2.000 1.013
2015-11-12 2.000 0.905
2015-11-04 2.000 0.867
2015-06-25 2.000 0.848
2015-05-14 2.000 0.934
2014-06-26 1.000 0.423
2014-05-15 1.000 0.378
2014-02-04 1.000 0.313
2013-07-31 1.000 0.367
2013-06-27 1.000 0.456
2013-05-13 1.000 0.469
2013-02-12 0.000 0.000
2013-02-05 0.000 0.000
2012-11-12 0.000 0.000
2012-10-31 0.000 0.000
2012-08-10 0.000 0.000
2012-07-31 0.000 0.000
2012-06-22 0.000 0.000
2012-05-15 0.000 0.000
2012-02-03 1.000 0.542
2011-10-31 1.000 0.581
2011-07-29 1.000 0.507
2011-06-23 1.000 0.462
2011-05-13 1.000 0.450
2011-02-14 20.000 6.310
2011-02-01 20.000 5.879
2010-11-12 20.000 5.858
2010-10-29 20.000 5.918
2010-07-30 16.000 4.420
2010-06-23 17.000 4.746
2010-05-21 17.000 4.742
2010-05-14 17.000 4.671
2010-01-29 17.000 4.638
2009-10-30 17.000 4.712
2009-06-22 17.000 4.187
2009-05-14 17.000 4.046

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of TACLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x 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 TACLtd'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 TACLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TACLtd has a total score of 1/6, see the detailed checks below.


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

TDC Management

 What is the CEO of TACLtd'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.
  • TACLtd has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the TACLtd management team in years:

7.7
Average Tenure
58
Average Age
  • The average tenure for the TACLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tada Toshio

TITLE
President & Director
AGE
66

Tatsuki Ino

TITLE
Head of Personnel & Legal and Director
AGE
50
TENURE
4.8 yrs

Kondo Atsushi

TITLE
Senior MD
AGE
58
TENURE
6.9 yrs

Kobatake Fumihiko

TITLE
MD, Head of Education & Executive Director
AGE
62
TENURE
10.5 yrs

Kanai Koji

TITLE
MD, Head of Legal & Executive Director
AGE
58
TENURE
12.7 yrs

Katsuyasu Fukuhara

TITLE
Head of Publishing Business & Director
AGE
64
TENURE
8.4 yrs

Norio Nagashima

TITLE
Head of HR Business – School and Director
AGE
56
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the TACLtd board of directors in years:

4.8
Average Tenure
62
Average Age
  • The tenure for the TACLtd board of directors is about average.
Board of Directors

Tada Toshio

TITLE
President & Director
AGE
66

Tatsuki Ino

TITLE
Head of Personnel & Legal and Director
AGE
50
TENURE
4.8 yrs

Kondo Atsushi

TITLE
Senior MD
AGE
58

Kobatake Fumihiko

TITLE
MD, Head of Education & Executive Director
AGE
62
TENURE
9.8 yrs

Kanai Koji

TITLE
MD, Head of Legal & Executive Director
AGE
58
TENURE
9.8 yrs

Katsuyasu Fukuhara

TITLE
Head of Publishing Business & Director
AGE
64
TENURE
4.8 yrs

Norio Nagashima

TITLE
Head of HR Business – School and Director
AGE
56
TENURE
4.8 yrs

Shigeo Abe

TITLE
External Independent Director
AGE
70
TENURE
4.8 yrs

Gen Ikegami

TITLE
External Independent Director

Hiraga Daijiro

TITLE
Standing Corporate Auditor
AGE
62
TENURE
10.8 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 TACLtd'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. TACLtd 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.

TDC News

Simply Wall St News

TDC Company Info

Description

TAC Co.,Ltd. engages in personal education, corporate training, publishing, and manpower businesses in Japan. The company’s Personal Education segment offers preparatory courses for individuals challenging various license exams. This segment provides classroom and distance learning courses, DVD courses, Internet Web courses, download correspondence courses, etc. Its Corporate Training segment offers training programs for acquisition of qualifications; work training for acquisition of specialized knowledge and skills; educational materials to corporations, universities, colleges, accountancy firms, and other organizations; school seminars; courses for business professionals; educational contents; and IT license education, as well as operates affiliated schools. The company’s Publishing segment publishes various books related to license qualifications, including books for self-study; and books to help license holders to acquire practical knowledge, as well as books of job-searching activities, liberal arts, travel guide, learning book for elementary school students and entertainment, translated business books and novels, etc. under the TAC Publishing and Waseda Keiei Publishing brands to bookstores, university co-ops nationwide, schools, and Cyber Book Store for online purchases. It also provides various media products; and holds book fairs and sales promotion events. Manpower segment provides manpower dispatching and placement, and job advertisement services. The company was founded in 1980 and is headquartered in Tokyo, Japan.

Details
Name: TAC Co.,Ltd.
TDC
Exchange: DB
Founded: 1980
¥24,953,412
18,503,932
Website: http://www.tac-school.co.jp
Address: TAC Co.,Ltd.
3-2-18 Kanda-Misaki-cho,
Chiyoda-ku,
Tokyo,
101-8383,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4319 Common Stock The Tokyo Stock Exchange JP JPY 25. Oct 2001
DB TDC Common Stock Deutsche Boerse AG DE EUR 25. Oct 2001
Number of employees
Current staff
Staff numbers
621
TACLtd employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 02:56
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2020/02/12
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.