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Nippon Yusen Kabushiki Kaisha

DB:NYKA
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NYKA
DB
¥315B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Nippon Yusen Kabushiki Kaisha provides ocean, land, and air transportation services worldwide. The last earnings update was 66 days ago. More info.


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NYKA Share Price and Events
7 Day Returns
0.6%
DB:NYKA
4.1%
Europe Shipping
2.8%
DE Market
1 Year Returns
-0.3%
DB:NYKA
6.2%
Europe Shipping
3%
DE Market
NYKA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nippon Yusen Kabushiki Kaisha (NYKA) 0.6% 1.9% 2% -0.3% -10.5% -15.1%
Europe Shipping 4.1% -1.6% 9.8% 6.2% 6.6% -14.5%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • NYKA underperformed the Shipping industry which returned 6.2% over the past year.
  • NYKA underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
NYKA
Industry
5yr Volatility vs Market

Value

 Is Nippon Yusen Kabushiki Kaisha 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 Yusen Kabushiki Kaisha 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 Yusen Kabushiki Kaisha.

DB:NYKA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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 DB:NYKA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 30.86%) (356.18%))
2.031
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

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

The calculations below outline how an intrinsic value for Nippon Yusen Kabushiki Kaisha 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:NYKA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.15%)
2020 21,113.00 Analyst x2 18,826.02
2021 11,582.50 Analyst x2 9,209.14
2022 19,902.00 Analyst x3 14,109.84
2023 19,434.16 Est @ -2.35% 12,285.69
2024 19,127.66 Est @ -1.58% 10,782.12
2025 18,929.58 Est @ -1.04% 9,514.63
2026 18,805.31 Est @ -0.66% 8,428.30
2027 18,731.75 Est @ -0.39% 7,485.94
2028 18,693.28 Est @ -0.21% 6,661.34
2029 18,679.19 Est @ -0.08% 5,935.30
Present value of next 10 years cash flows ¥103,238.00
DB:NYKA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥18,679.19 × (1 + 0.23%) ÷ (12.15% – 0.23%)
¥157,061.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥157,061.88 ÷ (1 + 12.15%)10
¥49,906.31
DB:NYKA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥103,238.00 + ¥49,906.31
¥153,144.31
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥153,144.31 / 168.91
¥906.64
DB:NYKA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NYKA represents 0.00831x of TSE:9101
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00831x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 906.64 x 0.00831
€7.54
Value per share (EUR) From above. €7.54
Current discount Discount to share price of €15.50
= -1 x (€15.50 - €7.54) / €7.54
-105.7%

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

  • The current share price of Nippon Yusen Kabushiki Kaisha is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Yusen Kabushiki Kaisha's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nippon Yusen Kabushiki Kaisha's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NYKA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in JPY ¥-182.35
TSE:9101 Share Price ** TSE (2019-10-11) in JPY ¥1865
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Nippon Yusen Kabushiki Kaisha.

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

= TSE:9101 Share Price ÷ EPS (both in JPY)

= 1865 ÷ -182.35

-10.23x

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

  • Nippon Yusen Kabushiki Kaisha is loss making, we can't compare its value to the Europe Shipping industry average.
  • Nippon Yusen Kabushiki Kaisha is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Nippon Yusen Kabushiki Kaisha's expected growth come at a high price?
Raw Data
DB:NYKA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
36.2%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*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 Yusen Kabushiki Kaisha, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nippon Yusen Kabushiki Kaisha's assets?
Raw Data
DB:NYKA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in JPY ¥2,839.61
TSE:9101 Share Price * TSE (2019-10-11) in JPY ¥1865
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:NYKA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9101 Share Price ÷ Book Value per Share (both in JPY)

= 1865 ÷ 2,839.61

0.66x

* Primary Listing of Nippon Yusen Kabushiki Kaisha.

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

  • Nippon Yusen Kabushiki Kaisha is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Nippon Yusen Kabushiki Kaisha'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. Nippon Yusen Kabushiki Kaisha has a total score of 1/6, see the detailed checks below.

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

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

Future Performance

 How is Nippon Yusen Kabushiki Kaisha expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nippon Yusen Kabushiki Kaisha expected to grow at an attractive rate?
  • Nippon Yusen Kabushiki Kaisha's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nippon Yusen Kabushiki Kaisha's earnings growth is expected to exceed the Germany market average.
  • Nippon Yusen Kabushiki Kaisha's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NYKA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NYKA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 36.2%
DB:NYKA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.4%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:NYKA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NYKA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 1,778,588 123,052 37,619 8
2021-03-31 1,751,667 111,416 32,525 9
2020-03-31 1,715,681 106,476 23,473 9
2019-10-13
DB:NYKA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-06-30 1,770,807 -30,766
2019-03-31 1,829,300 45,260 -44,501
2018-12-31 1,937,212 -5,352
2018-09-30 2,034,592 42,805 4,081
2018-06-30 2,126,375 10,175
2018-03-31 2,183,201 89,090 20,167
2017-12-31 2,139,941 -22,847
2017-09-30 2,059,578 52,849 -27,641
2017-06-30 1,974,843 -247,558
2017-03-31 1,923,881 27,924 -265,744
2016-12-31 1,920,169 -230,677
2016-09-30 2,002,600 79,865 -268,342

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nippon Yusen Kabushiki Kaisha's earnings are expected to grow significantly at over 20% yearly.
  • Nippon Yusen Kabushiki Kaisha's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NYKA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

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

DB:NYKA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 222.93 265.92 162.47 8.00
2021-03-31 192.52 268.23 136.38 9.00
2020-03-31 138.95 181.48 106.10 9.00
2019-10-13
DB:NYKA Past Financials Data
Date (Data in JPY Millions) EPS *
2019-06-30 -182.35
2019-03-31 -263.80
2018-12-31 -31.73
2018-09-30 24.20
2018-06-30 60.33
2018-03-31 119.57
2017-12-31 -135.46
2017-09-30 -163.87
2017-06-30 -1,466.77
2017-03-31 -1,572.34
2016-12-31 -1,363.04
2016-09-30 -1,583.56

*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.
  • Nippon Yusen Kabushiki Kaisha is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nippon Yusen Kabushiki Kaisha'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 Yusen Kabushiki Kaisha 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.

Past Performance

  How has Nippon Yusen Kabushiki Kaisha 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 Yusen Kabushiki Kaisha's growth in the last year to its industry (Shipping).
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 Yusen Kabushiki Kaisha does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Nippon Yusen Kabushiki Kaisha's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nippon Yusen Kabushiki Kaisha's 1-year growth to the Europe Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Nippon Yusen Kabushiki Kaisha'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 Yusen Kabushiki Kaisha Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NYKA Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,770,807.00 -30,766.00 179,212.00
2019-03-31 1,829,300.00 -44,501.00 184,026.00
2018-12-31 1,937,212.00 -5,352.00 191,189.00
2018-09-30 2,034,592.00 4,081.00 196,387.00
2018-06-30 2,126,375.00 10,175.00 199,505.00
2018-03-31 2,183,201.00 20,167.00 202,974.00
2017-12-31 2,139,941.00 -22,847.00 204,169.00
2017-09-30 2,059,578.00 -27,641.00 203,061.00
2017-06-30 1,974,843.00 -247,558.00 203,580.00
2017-03-31 1,923,881.00 -265,744.00 205,236.00
2016-12-31 1,920,169.00 -230,677.00 205,305.00
2016-09-30 2,002,600.00 -268,342.00 210,920.00
2016-06-30 2,154,371.00 -37,617.00 212,993.00
2016-03-31 2,272,315.00 18,238.00 213,802.00
2015-12-31 2,385,657.00 41,956.00 215,849.00
2015-09-30 2,421,019.00 82,357.00 213,888.00
2015-06-30 2,408,146.00 80,436.00 210,301.00
2015-03-31 2,401,820.00 47,591.00 208,419.00
2014-12-31 2,365,743.00 33,121.00 205,017.00
2014-09-30 2,327,210.00 32,545.00 203,238.00
2014-06-30 2,291,146.00 34,704.00 203,212.00
2014-03-31 2,237,239.00 33,049.00 201,200.00
2013-12-31 2,145,004.00 44,109.00 195,473.00
2013-09-30 2,042,192.00 43,551.00 188,813.00
2013-06-30 1,947,974.00 28,793.00 180,628.00
2013-03-31 1,897,101.00 18,896.00 175,075.00
2012-12-31 1,863,251.00 -52,373.00 171,787.00

*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.
  • It is difficult to establish if Nippon Yusen Kabushiki Kaisha has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Nippon Yusen Kabushiki Kaisha has efficiently used its assets last year compared to the Europe Shipping industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Nippon Yusen Kabushiki Kaisha improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Nippon Yusen Kabushiki Kaisha'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 Shipping 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 Yusen Kabushiki Kaisha has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Nippon Yusen Kabushiki Kaisha'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 Yusen Kabushiki Kaisha's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nippon Yusen Kabushiki Kaisha's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Nippon Yusen Kabushiki Kaisha's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nippon Yusen Kabushiki Kaisha'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 0.4x 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 Yusen Kabushiki Kaisha Company Filings, last reported 3 months ago.

DB:NYKA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 515,909.00 1,015,055.00 79,739.00
2019-03-31 521,725.00 1,026,154.00 80,055.00
2018-12-31 564,867.00 1,049,055.00 78,793.00
2018-09-30 564,827.00 1,098,161.00 82,368.00
2018-06-30 568,362.00 1,112,524.00 89,638.00
2018-03-31 588,254.00 971,382.00 105,054.00
2017-12-31 588,446.00 987,506.00 95,178.00
2017-09-30 587,208.00 947,669.00 117,817.00
2017-06-30 586,505.00 956,642.00 152,294.00
2017-03-31 591,934.00 934,440.00 143,180.00
2016-12-31 592,839.00 969,237.00 163,203.00
2016-09-30 563,472.00 937,236.00 228,697.00
2016-06-30 792,276.00 885,847.00 204,017.00
2016-03-31 844,268.00 927,824.00 261,219.00
2015-12-31 876,050.00 1,032,662.00 331,637.00
2015-09-30 912,966.00 1,050,810.00 335,990.00
2015-06-30 932,371.00 1,080,500.00 323,719.00
2015-03-31 880,921.00 1,083,843.00 334,300.00
2014-12-31 826,137.00 1,190,093.00 311,622.00
2014-09-30 802,216.00 1,178,345.00 298,337.00
2014-06-30 776,488.00 1,198,525.00 291,335.00
2014-03-31 773,899.00 1,226,491.00 354,404.00
2013-12-31 784,992.00 1,314,265.00 388,541.00
2013-09-30 758,242.00 1,299,744.00 346,334.00
2013-06-30 730,864.00 1,288,575.00 294,329.00
2013-03-31 698,700.00 1,284,378.00 303,981.00
2012-12-31 633,131.00 1,216,616.00 199,143.00
  • Nippon Yusen Kabushiki Kaisha's level of debt (196.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (154.3% vs 196.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Nippon Yusen Kabushiki Kaisha has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Nippon Yusen Kabushiki Kaisha has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Nippon Yusen Kabushiki Kaisha'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 Yusen Kabushiki Kaisha has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Nippon Yusen Kabushiki Kaisha's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.14%
Current annual income from Nippon Yusen Kabushiki Kaisha dividends. Estimated to be 2.58% next year.
If you bought €2,000 of Nippon Yusen Kabushiki Kaisha shares you are expected to receive €43 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 Yusen Kabushiki Kaisha's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Nippon Yusen Kabushiki Kaisha's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:NYKA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:NYKA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 55.88 8.00
2021-03-31 49.00 9.00
2020-03-31 40.44 9.00
2019-10-13
DB:NYKA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-19 40.000 2.302
2019-04-25 40.000 2.380
2019-02-12 20.000 1.156
2019-01-31 20.000 1.117
2018-11-13 20.000 1.093
2018-10-31 20.000 1.057
2018-08-07 20.000 0.985
2018-07-31 20.000 0.938
2018-06-20 40.000 1.867
2018-04-27 40.000 1.711
2018-01-31 20.000 0.885
2017-11-09 0.000 0.000
2017-10-31 0.000 0.000
2017-08-09 0.000 0.000
2017-07-31 0.000 0.000
2017-06-21 0.000 0.000
2017-04-28 0.000 0.000
2017-02-14 0.000 0.000
2017-01-31 0.000 0.000
2016-11-10 0.000 0.000
2016-10-31 0.000 0.000
2016-06-20 40.000 2.126
2016-04-28 40.000 1.983
2016-01-29 60.000 2.712
2015-10-30 70.000 2.375
2015-04-30 70.000 2.082
2015-01-30 60.000 1.695
2014-06-24 50.000 1.641
2014-04-30 50.000 1.677
2014-01-31 40.000 1.310
2013-10-31 40.000 1.274
2013-06-25 40.000 1.349
2013-04-30 40.000 1.518
2013-02-12 40.000 1.667
2013-01-31 40.000 1.821
2012-11-12 40.000 2.157
2012-10-31 40.000 2.600
2012-07-31 40.000 2.578
2012-06-20 40.000 2.079
2012-04-27 40.000 1.915
2012-01-31 40.000 1.668
2011-10-31 40.000 2.170
2011-07-29 40.000 1.825
2011-06-23 110.000 3.723
2011-04-28 110.000 3.691
2011-02-14 110.000 3.342
2011-01-31 110.000 3.023
2010-10-29 110.000 3.021
2010-06-01 50.000 1.479
2010-01-29 40.000 1.157
2009-11-12 40.000 1.357
2009-10-27 40.000 1.197
2009-04-27 40.000 0.998
2009-02-13 150.000 3.643
2009-01-30 150.000 3.196
2008-10-27 260.000 5.297

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 Nippon Yusen Kabushiki Kaisha's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Yusen Kabushiki Kaisha's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Yusen Kabushiki Kaisha afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nippon Yusen Kabushiki Kaisha 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.

Management

 What is the CEO of Nippon Yusen Kabushiki Kaisha'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
Hitoshi Nagasawa
AGE 61
TENURE AS CEO 0.3 years
CEO Bio

Mr. Hitoshi Nagasawa has been President & President of Corporate Officer of Nippon Yusen Kabushiki Kaisha since June 19, 2019. Mr. Nagasawa was Executive Vice President of Nippon Yusen Kabushiki Kaisha since 2018 until June 19, 2019. Mr. Nagasawa served as Senior Managing Corporate Officer of Nippon Yusen Kabushiki Kaisha since 2013 and its Chief Executive of Energy Division. Mr. Nagasawa served as a Corporate Officer of Nippon Yusen Kabushiki Kaisha since 2007. He has been a Representative Director of Nippon Yusen Kabushiki Kaisha since 2011.

CEO Compensation
  • Insufficient data for Hitoshi to compare compensation growth.
  • Insufficient data for Hitoshi 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 Yusen Kabushiki Kaisha management team in years:

2
Average Tenure
61
Average Age
  • The average tenure for the Nippon Yusen Kabushiki Kaisha management team is less than 2 years, this suggests a new team.
Management Team

Tadaaki Naito

TITLE
Chairman & Chairman Corporate Officer
TENURE
0.3 yrs

Hitoshi Nagasawa

TITLE
President
AGE
61
TENURE
0.3 yrs

Eiichi Takahashi

TITLE
Senior Managing Corporate Officer
AGE
61
TENURE
3.5 yrs

Hidetoshi Maruyama

TITLE
Senior Managing Corp Officer
TENURE
3.5 yrs

Yoshiyuki Yoshida

TITLE
Sr. Mang. Corporate Officer

Yasumi Kudo

TITLE
Special Advisor
AGE
67
TENURE
0.3 yrs

Tom Boardley

TITLE
Managing Director of Liner Operations for Europe

Hitoshi Oshika

TITLE
Managing Corporate Officer
TENURE
3.5 yrs

Tomoyuki Koyama

TITLE
Managing Corporate Officer
TENURE
2.4 yrs

Hiroki Harada

TITLE
Sr. Managing Corp. Officer
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure of the Nippon Yusen Kabushiki Kaisha board of directors in years:

2.8
Average Tenure
  • The average tenure for the Nippon Yusen Kabushiki Kaisha board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tadaaki Naito

TITLE
Chairman & Chairman Corporate Officer
TENURE
0.3 yrs

Hitoshi Nagasawa

TITLE
President
AGE
61
TENURE
8.8 yrs

Eiichi Takahashi

TITLE
Senior Managing Corporate Officer
AGE
61
TENURE
3.3 yrs

Yoshiyuki Yoshida

TITLE
Sr. Mang. Corporate Officer
TENURE
4.8 yrs

Hiroki Harada

TITLE
Sr. Managing Corp. Officer
TENURE
0.3 yrs

Koichi Chikaraishi

TITLE
Director
TENURE
7.8 yrs

Yoshihiro Katayama

TITLE
Chief Outside Director
TENURE
3.3 yrs

Hiroko Kuniya

TITLE
Independent Outside Director
TENURE
2.3 yrs

Eiichi Tanabe

TITLE
Outside Director
TENURE
0.3 yrs

Hiroshi Hiramatsu

TITLE
Audit & Supervisory Board Member
TENURE
2.3 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 Yusen Kabushiki Kaisha'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 Yusen Kabushiki Kaisha has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Nippon Yusen Kabushiki Kaisha provides ocean, land, and air transportation services worldwide. It operates through Global Logistics, Bulk Shipping, and Others segments. The company offers various logistics services, including liner trading services, such as container shipping, and terminal and stevedoring services for containerships, car carriers, and cruise ships; and air cargo transportation services. It is also involved in the bulk shipping business comprising car transportation, car terminals development, and inland transportation networks construction; dry bulk transportation of freight that include iron ore, coal, and wood-chips; liquid transportation activities, which comprise crude oil, petroleum products, chemicals, and liquefied natural gas for petroleum, petrochemical, and energy companies; and upstream areas of the supply chain for oil and natural gas. In addition, the company operates Asuka II, a luxury cruise ship; and manages commercial and residential buildings, as well as researches and develops transport systems. Nippon Yusen Kabushiki Kaisha was founded in 1885 and is headquartered in Tokyo, Japan.

Details
Name: Nippon Yusen Kabushiki Kaisha
NYKA
Exchange: DB
Founded: 1885
¥2,626,421,637
168,914,472
Website: http://www.nyk.com
Address: Nippon Yusen Kabushiki Kaisha
2-3-2, Marunouchi,
Chiyoda-ku,
Tokyo,
100-0005,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9101 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK NYUK.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB NYKA Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK NPNY.Y SPON ADR 2006 Pink Sheets LLC US USD 28. Mar 1991
Number of employees
Current staff
Staff numbers
35,711
Nippon Yusen Kabushiki Kaisha employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 20:43
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/26
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/30
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.