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Japan Airport Terminal

BST:0JA
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0JA
BST
¥437B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Japan Airport Terminal Co., Ltd. primarily engages in the management of passenger terminal buildings in Japan and internationally. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Japan Airport Terminal has significant price volatility in the past 3 months.
0JA Share Price and Events
7 Day Returns
0.5%
BST:0JA
0.7%
DE Infrastructure
0.8%
DE Market
1 Year Returns
37.6%
BST:0JA
10.7%
DE Infrastructure
9%
DE Market
0JA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Japan Airport Terminal (0JA) 0.5% 8% 31.3% 37.6% 20.9% 38.4%
DE Infrastructure 0.7% 0% 4% 10.7% 38.8% 49.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • 0JA outperformed the Infrastructure industry which returned 10.7% over the past year.
  • 0JA outperformed the Market in Germany which returned 9% over the past year.
Price Volatility
0JA
Industry
5yr Volatility vs Market

0JA Value

 Is Japan Airport Terminal 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 Japan Airport Terminal 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 Japan Airport Terminal.

BST:0JA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 BST:0JA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.905 (1 + (1- 30.86%) (47.93%))
1.137
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.137 * 5.96%)
7.01%

Discounted Cash Flow Calculation for BST:0JA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Japan Airport Terminal 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.

BST:0JA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.01%)
2020 -43,722.00 Analyst x1 -40,859.30
2021 29,673.25 Analyst x4 25,914.74
2022 33,379.50 Analyst x4 27,242.85
2023 35,930.96 Est @ 7.64% 27,405.17
2024 37,878.08 Est @ 5.42% 26,998.68
2025 39,340.83 Est @ 3.86% 26,205.29
2026 40,431.21 Est @ 2.77% 25,168.25
2027 41,243.28 Est @ 2.01% 23,992.77
2028 41,851.36 Est @ 1.47% 22,752.43
2029 42,311.92 Est @ 1.1% 21,496.70
Present value of next 10 years cash flows ¥186,317.00
BST:0JA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥42,311.92 × (1 + 0.23%) ÷ (7.01% – 0.23%)
¥625,655.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥625,655.11 ÷ (1 + 7.01%)10
¥317,865.98
BST:0JA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥186,317.00 + ¥317,865.98
¥504,182.98
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥504,182.98 / 81.23
¥6206.97
BST:0JA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:0JA represents 0.00803x of TSE:9706
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00803x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 6,206.97 x 0.00803
€49.84
Value per share (EUR) From above. €49.84
Current discount Discount to share price of €43.20
= -1 x (€43.20 - €49.84) / €49.84
13.3%

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

Current Discount
Amount off the current price Japan Airport Terminal is available for.
Intrinsic value
13%
Share price is €43.2 vs Future cash flow value of €49.84
Current Discount Checks
For Japan Airport Terminal to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Japan Airport Terminal's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Japan Airport Terminal's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Japan Airport Terminal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Japan Airport Terminal's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:0JA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥132.31
TSE:9706 Share Price ** TSE (2019-11-13) in JPY ¥5380
Europe Infrastructure Industry PE Ratio Median Figure of 36 Publicly-Listed Infrastructure Companies 17.57x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Japan Airport Terminal.

BST:0JA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9706 Share Price ÷ EPS (both in JPY)

= 5380 ÷ 132.31

40.66x

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

  • Japan Airport Terminal is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Japan Airport Terminal is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Japan Airport Terminal's expected growth come at a high price?
Raw Data
BST:0JA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
19.8%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 21 Publicly-Listed Infrastructure Companies 3.03x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:0JA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.66x ÷ 19.8%

2.05x

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

  • Japan Airport Terminal is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Japan Airport Terminal's assets?
Raw Data
BST:0JA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥2,060.58
TSE:9706 Share Price * TSE (2019-11-13) in JPY ¥5380
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.59x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
BST:0JA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9706 Share Price ÷ Book Value per Share (both in JPY)

= 5380 ÷ 2,060.58

2.61x

* Primary Listing of Japan Airport Terminal.

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

  • Japan Airport Terminal is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Japan Airport Terminal'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Japan Airport Terminal has a total score of 0/6, 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.

0JA Future Performance

 How is Japan Airport Terminal expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Japan Airport Terminal expected to grow at an attractive rate?
  • Japan Airport Terminal's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Japan Airport Terminal's earnings growth is expected to exceed the Germany market average.
  • Japan Airport Terminal's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:0JA Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:0JA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 19.8%
BST:0JA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 8.8%
Germany Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 2.8%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
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
BST:0JA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:0JA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 330,176 40,334 13,094 5
2021-03-31 317,591 37,892 11,282 5
2020-03-31 269,100 33,285 7,428 2
2019-11-13
BST:0JA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 271,465 10,747
2019-06-30 273,148 11,202
2019-03-31 273,618 34,288 33,004
2018-12-31 266,623 33,689
2018-09-30 255,310 27,670 33,785
2018-06-30 242,316 34,020
2018-03-31 225,953 22,257 11,776
2017-12-31 220,084 9,673
2017-09-30 213,179 24,563 8,783
2017-06-30 207,816 7,710
2017-03-31 204,953 15,620 6,886
2016-12-31 203,935 7,384

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Japan Airport Terminal's earnings are expected to grow by 19.8% yearly, however this is not considered high growth (20% yearly).
  • Japan Airport Terminal's revenue is expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:0JA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Japan Airport Terminal Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:0JA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 163.69 187.13 125.20 6.00
2021-03-31 141.58 164.97 106.00 6.00
2020-03-31 94.14 102.20 82.30 4.00
2019-11-13
BST:0JA Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 132.31
2019-06-30 137.91
2019-03-31 406.31
2018-12-31 414.75
2018-09-30 415.93
2018-06-30 418.82
2018-03-31 144.97
2017-12-31 119.08
2017-09-30 108.13
2017-06-30 94.92
2017-03-31 84.77
2016-12-31 90.90

*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.
  • Japan Airport Terminal is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Japan Airport Terminal'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 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.
Japan Airport Terminal has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

0JA Past Performance

  How has Japan Airport Terminal 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 Japan Airport Terminal's growth in the last year to its industry (Infrastructure).
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.
  • Japan Airport Terminal has delivered over 20% year on year earnings growth in the past 5 years.
  • Japan Airport Terminal's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Japan Airport Terminal's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
Japan Airport Terminal'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 Japan Airport Terminal Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:0JA Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 271,465.00 10,747.00 96,703.00
2019-06-30 273,148.00 11,202.00 95,437.00
2019-03-31 273,618.00 33,004.00 94,373.00
2018-12-31 266,623.00 33,689.00 90,998.00
2018-09-30 255,310.00 33,785.00 87,187.00
2018-06-30 242,316.00 34,020.00 83,551.00
2018-03-31 225,953.00 11,776.00 79,490.00
2017-12-31 220,084.00 9,673.00 77,332.00
2017-09-30 213,179.00 8,783.00 75,796.00
2017-06-30 207,816.00 7,710.00 74,833.00
2017-03-31 204,953.00 6,886.00 74,369.00
2016-12-31 203,935.00 7,384.00 75,327.00
2016-09-30 203,894.00 7,889.00 74,631.00
2016-06-30 204,597.00 8,256.00 73,129.00
2016-03-31 204,134.00 8,870.00 71,529.00
2015-12-31 197,191.00 8,645.00 67,559.00
2015-09-30 191,271.00 7,985.00 65,756.00
2015-06-30 182,903.00 7,209.00 64,033.00
2015-03-31 173,505.00 6,648.00 61,787.00
2014-12-31 164,473.00 6,225.00 58,878.00
2014-09-30 156,908.00 5,038.00 56,714.00
2014-06-30 151,553.00 4,514.00 54,732.00
2014-03-31 147,116.00 2,979.00 54,151.00
2013-12-31 143,095.00 2,713.00 53,258.00
2013-09-30 138,977.00 2,261.00 52,547.00
2013-06-30 137,031.00 1,295.00 52,317.00
2013-03-31 136,149.00 1,624.00 51,770.00
2012-12-31 135,943.00 1,028.00 51,575.00

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

0JA Health

 How is Japan Airport Terminal'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 Japan Airport Terminal's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Japan Airport Terminal is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Japan Airport Terminal's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Japan Airport Terminal'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 0.6x 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 Japan Airport Terminal Company Filings, last reported 1 month ago.

BST:0JA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 207,000.00 208,645.00 78,340.00
2019-06-30 203,179.00 213,748.00 84,253.00
2019-03-31 201,389.00 215,240.00 87,458.00
2018-12-31 199,063.00 213,917.00 91,399.00
2018-09-30 198,102.00 215,657.00 98,650.00
2018-06-30 193,293.00 191,026.00 84,531.00
2018-03-31 136,155.00 66,070.00 42,487.00
2017-12-31 133,685.00 68,147.00 41,744.00
2017-09-30 131,100.00 50,325.00 40,516.00
2017-06-30 127,278.00 51,652.00 38,993.00
2017-03-31 125,437.00 53,258.00 39,240.00
2016-12-31 124,257.00 56,107.00 35,142.00
2016-09-30 121,674.00 56,731.00 31,833.00
2016-06-30 119,136.00 59,029.00 33,329.00
2016-03-31 118,393.00 61,950.00 43,669.00
2015-12-31 119,565.00 64,908.00 44,679.00
2015-09-30 117,248.00 63,479.00 44,055.00
2015-06-30 114,638.00 67,257.00 40,302.00
2015-03-31 112,529.00 69,878.00 46,974.00
2014-12-31 109,787.00 44,052.00 15,326.00
2014-09-30 107,724.00 46,116.00 12,321.00
2014-06-30 104,344.00 49,888.00 10,169.00
2014-03-31 101,866.00 52,002.00 15,175.00
2013-12-31 103,722.00 56,324.00 19,229.00
2013-09-30 103,188.00 54,888.00 13,934.00
2013-06-30 101,198.00 55,060.00 10,039.00
2013-03-31 100,633.00 56,806.00 16,167.00
2012-12-31 100,333.00 58,726.00 16,355.00
  • Japan Airport Terminal's level of debt (100.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41.9% vs 100.8% today).
  • Debt is not well covered by operating cash flow (16.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
X
Financial health checks
We assess Japan Airport Terminal'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. Japan Airport Terminal has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

0JA Dividends

 What is Japan Airport Terminal's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.74%
Current annual income from Japan Airport Terminal dividends. Estimated to be 0.94% next year.
If you bought €2,000 of Japan Airport Terminal shares you are expected to receive €15 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?
  • Japan Airport Terminal's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Japan Airport Terminal's dividend is below the markets top 25% of dividend payers in Germany (3.64%).
Upcoming dividend payment

Purchase Japan Airport Terminal 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
BST:0JA 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 5 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
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.

BST:0JA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 54.00 6.00
2021-03-31 48.67 6.00
2020-03-31 42.00 1.00
2019-11-13
BST:0JA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-26 40.000 0.881
2019-05-10 40.000 0.931
2018-11-07 44.000 1.031
2018-06-27 42.000 0.856
2018-05-11 42.000 0.793
2017-11-08 40.000 0.953
2017-06-29 36.000 0.885
2017-05-12 36.000 0.815
2016-11-22 32.000 0.784
2016-06-24 36.000 0.904
2016-02-12 30.000 0.774
2015-11-13 30.000 0.579
2015-11-05 30.000 0.445
2015-06-26 24.000 0.402
2015-05-08 24.000 0.347
2015-02-04 18.000 0.279
2014-11-05 18.000 0.371
2014-06-27 13.000 0.358
2014-05-08 13.000 0.482
2014-02-05 11.000 0.454
2013-11-06 11.000 0.499
2013-07-31 10.000 0.482
2013-06-27 10.000 0.584
2013-05-08 10.000 0.707
2013-02-14 7.000 0.568
2013-02-06 7.000 0.698
2012-11-14 7.000 0.757
2012-11-07 7.000 0.811
2012-08-08 7.000 0.777
2012-06-28 7.000 0.755
2012-05-09 7.000 0.771
2012-02-14 7.000 0.646
2012-02-08 7.000 0.637
2011-11-14 7.000 0.678
2011-11-09 7.000 0.677
2011-06-29 7.000 0.663
2011-05-11 7.000 0.800
2011-02-14 7.000 0.651
2011-02-09 7.000 0.536
2010-11-15 7.000 0.550
2010-11-10 7.000 0.537
2010-06-29 13.000 0.940
2010-05-12 13.000 1.006
2010-02-12 13.000 0.954
2010-02-10 13.000 1.056
2009-11-13 13.000 1.077
2009-11-11 13.000 1.120
2009-06-26 13.000 1.122
2009-05-13 13.000 1.160
2009-02-13 13.000 1.258
2009-02-04 13.000 1.271

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

  • Japan Airport Terminal is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Japan Airport Terminal is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Japan Airport Terminal's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Japan Airport Terminal's dividends as it is not paying a notable one for Germany.
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 Japan Airport Terminal'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 Japan Airport Terminal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Japan Airport Terminal has a total score of 0/6, see the detailed checks below.


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

0JA Management

 What is the CEO of Japan Airport Terminal'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
Isao Takashiro
AGE 76
CEO Bio

Mr.Isao Takashiro has been the Chief Executive Officer of Japan Airport Terminal Co., Ltd., since April 2009 and served as its President since April 2005 until June 29, 2016 and served as its Executive Officer since April 2009. Mr. Takashiro joined Japan Airport Terminal Co., Ltd., in April 1968. Mr. Takashiro served as General Manager of Osaka office since July 1994 and Managing Director of Japan Airport Terminal Co., Ltd., since June 1999. Mr. Takashiro served as Senior Managing Director of Japan Airport Terminal Co., Ltd. since June 2001 and served as its Vice President since April 2003. Mr. Takashiro serves as the Chairman of the Board at Japan Airport Terminal Co., Ltd. Mr. Takashiro has been a Representative Director of Japan Airport Terminal Co., Ltd., since April 2003.

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

Average tenure and age of the Japan Airport Terminal management team in years:

2.9
Average Tenure
66
Average Age
  • The tenure for the Japan Airport Terminal management team is about average.
Management Team

Isao Takashiro

TITLE
Chairman of the Board and Chief Executive Officer
AGE
76

Nobuaki Yokota

TITLE
President
AGE
68
TENURE
3.4 yrs

Kazuhito Tanaka

TITLE
MD, SVP & GM - Corporate Planning Dept
AGE
54

Yasuhide Yonemoto

TITLE
Senior MD
AGE
63

Takaaki Iwamatsu

TITLE
Senior Executive Officer
AGE
68
TENURE
1.8 yrs

Ken Onishi

TITLE
Executive VP
AGE
64
TENURE
1.8 yrs

Hisayasu Suzuki

TITLE
Executive VP
AGE
66

Masatoshi Akahori

TITLE
Executive VP
AGE
67
TENURE
5.4 yrs

Morikazu Chiku

TITLE
Senior Executive Officer
AGE
65
TENURE
3.4 yrs

Toyohisa Miyauchi

TITLE
Executive VP
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Japan Airport Terminal board of directors in years:

5.4
Average Tenure
66
Average Age
  • The tenure for the Japan Airport Terminal board of directors is about average.
Board of Directors

Isao Takashiro

TITLE
Chairman of the Board and Chief Executive Officer
AGE
76

Nobuaki Yokota

TITLE
President
AGE
68
TENURE
16.4 yrs

Yasuhide Yonemoto

TITLE
Senior MD
AGE
63
TENURE
8.4 yrs

Ken Onishi

TITLE
Executive VP
AGE
64
TENURE
6.4 yrs

Hisayasu Suzuki

TITLE
Executive VP
AGE
66
TENURE
5.4 yrs

Masatoshi Akahori

TITLE
Executive VP
AGE
67

Haruhisa Kawashita

TITLE
MD, Head of Business Reform Office
TENURE
1.8 yrs

Kiyoshi Ishizeki

TITLE
MD, Deputy Manager of Business Development and Promotion Department & Director
TENURE
1.8 yrs

Yasuo Tanji

TITLE
MD, Deputy GM of Passenger Terminal Operations Department & Director
TENURE
0.3 yrs

Kazuyuki Harada

TITLE
Part Time Director
AGE
65
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 Japan Airport Terminal'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. Japan Airport Terminal 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.

0JA News

Simply Wall St News

0JA Company Info

Description

Japan Airport Terminal Co., Ltd. primarily engages in the management of passenger terminal buildings in Japan and internationally. It operates through three segments: Facilities Management Operations, Merchandise Sales Operations, and Food and Beverage Operations. The company constructs, manages, and operates domestic passenger terminal buildings; rents offices, stores, and other facilities to airline companies and airport concessionaires; and operates and manages parking lots. It is also involved in the operation of merchandise stores in domestic and international terminals, including stores in the lobby; and provision of airport passenger, travel insurance agency, and hotel reservation services, as well as rental of halls and conference rooms. In addition, the company engages in the international and domestic travel sales, and ticket sales for transportation and events; and management and operation of Haneda Airport Wharf. Further, it is involved in the wholesale of duty-free goods; operation of commissioned duty-free shops at the Narita International Airport, Kansai International Airport, and Central Japan International Airport; and the product sales at Chengdu Shuangliu International Airport. Additionally, the company operates restaurants; and produces and sells in-flight meals and other incidental activities. Japan Airport Terminal Co., Ltd. was founded in 1953 and is headquartered in Tokyo, Japan.

Details
Name: Japan Airport Terminal Co., Ltd.
0JA
Exchange: BST
Founded: 1953
¥3,650,750,202
81,228,517
Website: http://www.tokyo-airport-bldg.co.jp
Address: Japan Airport Terminal Co., Ltd.
Terminal 1,
3-3-2 Haneda Airport,
Tokyo,
144-0041,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9706 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK JAIR.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
BST 0JA Common Shares Boerse-Stuttgart DE EUR 06. Jan 1992
OTCPK JTTR.Y ADR Pink Sheets LLC US USD 13. Apr 2016
Number of employees
Current staff
Staff numbers
2,906
Japan Airport Terminal employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 21:32
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/11/08
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.