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Nippon Coke & Engineering Company

DB:NJ2
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NJ2
DB
¥17B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Nippon Coke & Engineering Company, Limited manufactures and sells coke worldwide. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Nippon Coke & Engineering Company has significant price volatility in the past 3 months.
NJ2 Share Price and Events
7 Day Returns
0%
DB:NJ2
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-39.3%
DB:NJ2
34.4%
DE Oil and Gas
-14.2%
DE Market
NJ2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nippon Coke & Engineering Company (NJ2) 0% -1.2% -25.8% -39.3% -39.3% -46.9%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • NJ2 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • NJ2 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
NJ2
Industry
5yr Volatility vs Market

NJ2 Value

 Is Nippon Coke & Engineering Company 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 Nippon Coke & Engineering Company 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 Nippon Coke & Engineering Company.

DB:NJ2 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 11.4%
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:NJ2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 30.86%) (194.92%))
1.859
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.859 * 6.33%)
11.38%

Discounted Cash Flow Calculation for DB:NJ2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nippon Coke & Engineering Company 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:NJ2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 11.38%)
2020 4,088.30 Est @ 1.15% 3,670.66
2021 4,116.46 Est @ 0.69% 3,318.39
2022 4,131.49 Est @ 0.37% 2,990.27
2023 4,137.22 Est @ 0.14% 2,688.52
2024 4,136.39 Est @ -0.02% 2,413.40
2025 4,130.97 Est @ -0.13% 2,164.02
2026 4,122.35 Est @ -0.21% 1,938.90
2027 4,111.50 Est @ -0.26% 1,736.25
2028 4,099.12 Est @ -0.3% 1,554.19
2029 4,085.68 Est @ -0.33% 1,390.85
Present value of next 10 years cash flows ¥23,865.00
DB:NJ2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥4,085.68 × (1 + -0.39%) ÷ (11.38% – -0.39%)
¥34,583.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥34,583.83 ÷ (1 + 11.38%)10
¥11,773.01
DB:NJ2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥23,865.00 + ¥11,773.01
¥35,638.01
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥35,638.01 / 291.03
¥122.45
DB:NJ2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NJ2 represents 0.00824x of TSE:3315
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00824x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 122.45 x 0.00824
€1.01
Value per share (EUR) From above. €1.01
Current discount Discount to share price of €0.49
= -1 x (€0.49 - €1.01) / €1.01
51.8%

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

Current Discount
Amount off the current price Nippon Coke & Engineering Company is available for.
Intrinsic value
>50%
Share price is €0.49 vs Future cash flow value of €1.01
Current Discount Checks
For Nippon Coke & Engineering Company to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nippon Coke & Engineering Company's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nippon Coke & Engineering Company'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 Nippon Coke & Engineering Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nippon Coke & Engineering Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NJ2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥1.27
TSE:3315 Share Price ** TSE (2020-04-08) in JPY ¥59
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of Nippon Coke & Engineering Company.

DB:NJ2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3315 Share Price ÷ EPS (both in JPY)

= 59 ÷ 1.27

46.44x

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

  • Nippon Coke & Engineering Company is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Nippon Coke & Engineering Company is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Nippon Coke & Engineering Company's expected growth come at a high price?
Raw Data
DB:NJ2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 46.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*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 Nippon Coke & Engineering Company, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nippon Coke & Engineering Company's assets?
Raw Data
DB:NJ2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥161.65
TSE:3315 Share Price * TSE (2020-04-08) in JPY ¥59
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:NJ2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3315 Share Price ÷ Book Value per Share (both in JPY)

= 59 ÷ 161.65

0.36x

* Primary Listing of Nippon Coke & Engineering Company.

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

  • Nippon Coke & Engineering Company is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Nippon Coke & Engineering Company'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Nippon Coke & Engineering Company 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.

NJ2 Future Performance

 How is Nippon Coke & Engineering Company 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 Nippon Coke & Engineering Company 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
13.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nippon Coke & Engineering Company expected to grow at an attractive rate?
  • Unable to compare Nippon Coke & Engineering Company's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Nippon Coke & Engineering Company's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Nippon Coke & Engineering Company's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:NJ2 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
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:NJ2 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:NJ2 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:NJ2 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 110,979 371
2019-09-30 118,785 9,241 1,317
2019-06-30 119,911 3,085
2019-03-31 121,246 10,278 3,197
2018-12-31 122,444 3,093
2018-09-30 113,797 9,834 2,262
2018-06-30 112,831 4,084
2018-03-31 110,155 10,191 4,818
2017-12-31 107,583 4,690
2017-09-30 105,210 4,580 5,074
2017-06-30 97,783 3,628
2017-03-31 89,051 5,496 1,907

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Nippon Coke & Engineering Company is high growth as no earnings estimate data is available.
  • Unable to determine if Nippon Coke & Engineering Company 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:NJ2 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 Nippon Coke & Engineering Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NJ2 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:NJ2 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 1.27
2019-09-30 4.49
2019-06-30 10.48
2019-03-31 10.82
2018-12-31 10.41
2018-09-30 7.58
2018-06-30 13.61
2018-03-31 15.98
2017-12-31 15.54
2017-09-30 16.82
2017-06-30 12.02
2017-03-31 6.32

*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 Nippon Coke & Engineering Company will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Nippon Coke & Engineering Company is trading at Nippon Coke & Engineering Company'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. Nippon Coke & Engineering Company'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 Energy companies here
  3. Nippon Coke & Engineering Company'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 Nippon Coke & Engineering Company'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.
Nippon Coke & Engineering Company 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.

NJ2 Past Performance

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

DB:NJ2 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 110,979.00 371.00 5,634.00
2019-09-30 118,785.00 1,317.00 5,622.00
2019-06-30 119,911.00 3,085.00 5,547.00
2019-03-31 121,246.00 3,197.00 5,567.00
2018-12-31 122,444.00 3,093.00 5,566.00
2018-09-30 113,797.00 2,262.00 5,485.00
2018-06-30 112,831.00 4,084.00 5,571.00
2018-03-31 110,155.00 4,818.00 5,416.00
2017-12-31 107,583.00 4,690.00 5,382.00
2017-09-30 105,210.00 5,074.00 5,481.00
2017-06-30 97,783.00 3,628.00 5,358.00
2017-03-31 89,051.00 1,907.00 5,338.00
2016-12-31 83,294.00 -668.00 5,454.00
2016-09-30 83,349.00 -2,423.00 5,375.00
2016-06-30 89,240.00 -2,395.00 5,489.00
2016-03-31 92,503.00 -1,681.00 5,634.00
2015-12-31 98,220.00 890.00 5,708.00
2015-09-30 101,287.00 2,663.00 5,826.00
2015-06-30 100,053.00 2,311.00 5,867.00
2015-03-31 101,797.00 2,489.00 5,870.00
2014-12-31 103,630.00 2,479.00 5,820.00
2014-09-30 103,763.00 2,340.00 5,787.00
2014-06-30 106,715.00 2,308.00 5,706.00
2014-03-31 108,955.00 3,030.00 5,774.00
2013-12-31 109,041.00 4,102.00 5,758.00
2013-09-30 110,328.00 3,932.00 5,837.00
2013-06-30 109,157.00 3,965.00 5,919.00

*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.
  • Nippon Coke & Engineering Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nippon Coke & Engineering Company used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Nippon Coke & Engineering Company has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nippon Coke & Engineering Company'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 Oil and Gas 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.
Nippon Coke & Engineering Company has a total score of 2/6, 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.

NJ2 Health

 How is Nippon Coke & Engineering Company'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 Nippon Coke & Engineering Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nippon Coke & Engineering Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nippon Coke & Engineering Company's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nippon Coke & Engineering Company'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 1.2x 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 Nippon Coke & Engineering Company Company Filings, last reported 3 months ago.

DB:NJ2 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 47,046.00 33,469.00 6,603.00
2019-09-30 46,705.00 33,488.00 5,008.00
2019-06-30 47,885.00 37,005.00 8,743.00
2019-03-31 48,217.00 37,040.00 11,418.00
2018-12-31 47,968.00 30,118.00 4,219.00
2018-09-30 46,795.00 35,217.00 5,371.00
2018-06-30 46,147.00 33,932.00 5,841.00
2018-03-31 46,396.00 35,061.00 6,172.00
2017-12-31 46,432.00 37,627.00 7,079.00
2017-09-30 46,179.00 40,171.00 5,159.00
2017-06-30 44,222.00 41,175.00 6,124.00
2017-03-31 43,764.00 39,890.00 4,517.00
2016-12-31 43,255.00 41,763.00 4,103.00
2016-09-30 42,413.00 40,358.00 3,457.00
2016-06-30 40,266.00 43,244.00 4,983.00
2016-03-31 41,227.00 43,285.00 7,828.00
2015-12-31 43,410.00 44,532.00 3,872.00
2015-09-30 44,315.00 43,107.00 3,739.00
2015-06-30 43,302.00 43,888.00 4,173.00
2015-03-31 43,833.00 38,130.00 4,619.00
2014-12-31 43,472.00 40,172.00 3,329.00
2014-09-30 42,676.00 41,656.00 3,592.00
2014-06-30 41,953.00 42,450.00 3,615.00
2014-03-31 42,262.00 38,357.00 4,530.00
2013-12-31 42,172.00 43,189.00 3,700.00
2013-09-30 41,510.00 44,974.00 3,560.00
2013-06-30 40,948.00 45,490.00 4,172.00
  • Nippon Coke & Engineering Company's level of debt (71.1%) 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 (92.3% vs 71.1% today).
  • Debt is well covered by operating cash flow (27.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess Nippon Coke & Engineering Company'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. Nippon Coke & Engineering Company has a total score of 5/6, 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.

NJ2 Dividends

 What is Nippon Coke & Engineering Company'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
5.08%
Current annual income from Nippon Coke & Engineering Company dividends.
If you bought €2,000 of Nippon Coke & Engineering Company shares you are expected to receive €102 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?
  • Nippon Coke & Engineering Company's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Nippon Coke & Engineering Company's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
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:NJ2 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 Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:NJ2 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:NJ2 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 3.000 3.805
2019-05-10 3.000 3.217
2018-06-28 3.000 2.860
2018-05-11 3.000 2.540
2017-06-29 2.000 1.758
2017-05-12 2.000 2.054
2016-06-29 2.000 2.281
2016-05-13 2.000 3.047
2015-06-26 3.000 3.203
2015-05-15 3.000 2.523
2014-06-26 3.000 2.630
2014-05-09 3.000 2.619
2013-06-27 3.000 2.418
2013-05-10 3.000 2.687
2012-08-03 3.000 2.782
2012-06-28 3.000 2.987
2012-05-11 3.000 3.036
2012-02-03 2.000 1.670
2011-11-04 2.000 1.939
2011-08-05 2.000 1.816
2011-06-29 2.000 1.454
2011-05-13 2.000 1.489
2011-02-04 2.000 1.264
2010-06-25 2.000 1.483
2010-05-14 2.000 1.322
2010-02-05 2.000 1.478
2009-06-26 2.000 1.821
2009-05-15 2.000 1.605

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 Nippon Coke & Engineering Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x 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 Nippon Coke & Engineering Company'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 Nippon Coke & Engineering Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nippon Coke & Engineering Company 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.

NJ2 Management

 What is the CEO of Nippon Coke & Engineering Company'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
Kazuya Kage
AGE 62
TENURE AS CEO 3.8 years
CEO Bio

Mr. Kazuya Kage has been the President and Representative Director of Nippon Coke & Engineering Company, Limited since June 29, 2016. Mr. Kage served as a Director of Nippon Steel & Sumitomo Metal Corporation (alternate name Nippon Steel Corp.).

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

Average tenure and age of the Nippon Coke & Engineering Company management team in years:

6.9
Average Tenure
63
Average Age
  • The average tenure for the Nippon Coke & Engineering Company management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kazuya Kage

TITLE
President and Representative Director
AGE
62
TENURE
3.8 yrs

Kazuhiro Kajiya

TITLE
Executive Managing Director and Director
AGE
64
TENURE
6.8 yrs

Akihiko Shimizu

TITLE
Executive MD & Director
AGE
67
TENURE
8.6 yrs

Shunichiro Mori

TITLE
Manager of Coke Department and Director
AGE
59
TENURE
7 yrs
Board of Directors Tenure

Average tenure and age of the Nippon Coke & Engineering Company board of directors in years:

3.8
Average Tenure
63
Average Age
  • The tenure for the Nippon Coke & Engineering Company board of directors is about average.
Board of Directors

Kazuhiro Kajiya

TITLE
Executive Managing Director and Director
AGE
64
TENURE
12.8 yrs

Akihiko Shimizu

TITLE
Executive MD & Director
AGE
67

Shunichiro Mori

TITLE
Manager of Coke Department and Director
AGE
59
TENURE
3.8 yrs

Hiroyuki Hashimoto

TITLE
Director
TENURE
1.3 yrs

Kazuya Kage

TITLE
President and Representative Director
AGE
62
TENURE
3.8 yrs

Susumu Maekawa

TITLE
Director
AGE
52
TENURE
4.8 yrs

Fukuzo Yasuo

TITLE
Director
AGE
67
TENURE
3.8 yrs

Yasuhiko Hadano

TITLE
Director
TENURE
2.8 yrs

Seiichiro Li

TITLE
Director
TENURE
1.3 yrs

Haruhiko Aritomo

TITLE
Director
TENURE
2.8 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 Nippon Coke & Engineering Company'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. Nippon Coke & Engineering Company 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.

NJ2 News

Simply Wall St News

NJ2 Company Info

Description

Nippon Coke & Engineering Company, Limited manufactures and sells coke worldwide. The company also imports and sells coal; and manufactures and sells chemical engineering machinery and equipment. In addition, it processes industrial wastes; provides clean solutions for coal and coke combustion, and chemical machinery technologies; and operates port facilities that offers cargo handling services. The company was formerly known as Mitsui Mining Co., Ltd. and changed its name to Nippon Coke & Engineering Company, Limited in April 2009. Nippon Coke & Engineering Company, Limited was founded in 1889 and is headquartered in Tokyo, Japan.

Details
Name: Nippon Coke & Engineering Company, Limited
NJ2
Exchange: DB
Founded: 1889
¥144,722,285
291,029,804
Website: http://www.n-coke.com
Address: Nippon Coke & Engineering Company, Limited
3-3-3 Toyosu,
Koto-ku,
Tokyo,
135-6007,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3315 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB NJ2 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,019
Nippon Coke & Engineering Company employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:15
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2020/02/14
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.