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WakitaLTD

TSE:8125
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8125
TSE
¥56B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Wakita & Co., LTD., a trading company that manufactures, sells, and leases civil engineering and construction equipment. The last earnings update was 57 days ago. More info.


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8125 Share Price and Events
7 Day Returns
-1.5%
TSE:8125
0.7%
JP Trade Distributors
0.1%
JP Market
1 Year Returns
-11.6%
TSE:8125
3.1%
JP Trade Distributors
5.5%
JP Market
8125 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WakitaLTD (8125) -1.5% -5.1% 4.5% -11.6% 9.5% 0.1%
JP Trade Distributors 0.7% 2.5% 10% 3.1% 22.9% 42.7%
JP Market 0.1% 0.8% 10.6% 5.5% 13.7% 25.4%
1 Year Return vs Industry and Market
  • 8125 underperformed the Trade Distributors industry which returned 3.1% over the past year.
  • 8125 underperformed the Market in Japan which returned 5.5% over the past year.
Price Volatility
8125
Industry
5yr Volatility vs Market
Related Companies

Value

 Is WakitaLTD 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 WakitaLTD 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 WakitaLTD.

TSE:8125 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

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 TSE:8125
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 30.86%) (5.59%))
0.982
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.982 * 6.33%)
6.12%

Discounted Cash Flow Calculation for TSE:8125 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for WakitaLTD 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.

TSE:8125 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.12%)
2020 8,549.56 Est @ 2.33% 8,056.26
2021 8,686.89 Est @ 1.61% 7,713.36
2022 8,782.21 Est @ 1.1% 7,348.07
2023 8,847.30 Est @ 0.74% 6,975.41
2024 8,890.81 Est @ 0.49% 6,605.26
2025 8,919.02 Est @ 0.32% 6,243.89
2026 8,936.41 Est @ 0.2% 5,895.10
2027 8,946.20 Est @ 0.11% 5,561.05
2028 8,950.65 Est @ 0.05% 5,242.79
2029 8,951.35 Est @ 0.01% 4,940.67
Present value of next 10 years cash flows ¥64,581.00
TSE:8125 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥8,951.35 × (1 + -0.09%) ÷ (6.12% – -0.09%)
¥143,940.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥143,940.58 ÷ (1 + 6.12%)10
¥79,447.57
TSE:8125 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥64,581.00 + ¥79,447.57
¥144,028.57
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥144,028.57 / 51.93
¥2773.28
TSE:8125 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥2,773.28
Current discount Discount to share price of ¥1,083.00
= -1 x (¥1,083.00 - ¥2,773.28) / ¥2,773.28
60.9%

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

Current Discount
Amount off the current price WakitaLTD is available for.
Intrinsic value
>50%
Share price is ¥1083 vs Future cash flow value of ¥2773.28
Current Discount Checks
For WakitaLTD to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • WakitaLTD's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • WakitaLTD'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 WakitaLTD's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are WakitaLTD's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8125 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in JPY ¥68.34
TSE:8125 Share Price ** TSE (2019-12-04) in JPY ¥1083
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.69x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.46x

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

** Primary Listing of WakitaLTD.

TSE:8125 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8125 Share Price ÷ EPS (both in JPY)

= 1083 ÷ 68.34

15.85x

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

  • WakitaLTD is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • WakitaLTD is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does WakitaLTD's expected growth come at a high price?
Raw Data
TSE:8125 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Trade Distributors Industry PEG Ratio Median Figure of 22 Publicly-Listed Trade Distributors Companies 1.96x
Japan Market PEG Ratio Median Figure of 1,368 Publicly-Listed Companies 1.88x

*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 WakitaLTD, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on WakitaLTD's assets?
Raw Data
TSE:8125 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in JPY ¥1,783.64
TSE:8125 Share Price * TSE (2019-12-04) in JPY ¥1083
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.12x
TSE:8125 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8125 Share Price ÷ Book Value per Share (both in JPY)

= 1083 ÷ 1,783.64

0.61x

* Primary Listing of WakitaLTD.

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

  • WakitaLTD is good value based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess WakitaLTD'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. WakitaLTD 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.

Future Performance

 How is WakitaLTD 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 WakitaLTD 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
3.2%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WakitaLTD expected to grow at an attractive rate?
  • Unable to compare WakitaLTD's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare WakitaLTD's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare WakitaLTD's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:8125 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
TSE:8125 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.
TSE:8125 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:8125 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-08-31 74,909 11,145 3,549
2019-05-31 74,276 4,103
2019-02-28 70,479 10,596 4,184
2018-11-30 67,723 4,139
2018-08-31 65,949 10,253 4,108
2018-05-31 63,864 3,922
2018-02-28 63,739 9,372 3,914
2017-11-30 66,136 3,892
2017-08-31 65,496 10,256 4,229
2017-05-31 62,802 4,172
2017-02-28 61,886 10,364 3,718
2016-11-30 57,909 3,900

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if WakitaLTD is high growth as no earnings estimate data is available.
  • Unable to determine if WakitaLTD 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
TSE:8125 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 WakitaLTD Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8125 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:8125 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-08-31 68.34
2019-05-31 78.99
2019-02-28 80.53
2018-11-30 79.63
2018-08-31 79.01
2018-05-31 75.42
2018-02-28 75.26
2017-11-30 74.84
2017-08-31 81.32
2017-05-31 80.22
2017-02-28 71.49
2016-11-30 74.99

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

Next steps:

  1. Examine whether WakitaLTD is trading at WakitaLTD'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. WakitaLTD'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 Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess WakitaLTD'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 Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan 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.
WakitaLTD 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.

Past Performance

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

TSE:8125 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 74,909.00 3,549.00 10,789.00
2019-05-31 74,276.00 4,103.00 10,230.00
2019-02-28 70,479.00 4,184.00 9,450.00
2018-11-30 67,723.00 4,139.00 8,900.00
2018-08-31 65,949.00 4,108.00 8,258.00
2018-05-31 63,864.00 3,922.00 7,741.00
2018-02-28 63,739.00 3,914.00 7,520.00
2017-11-30 66,136.00 3,892.00 7,492.00
2017-08-31 65,496.00 4,229.00 7,387.00
2017-05-31 62,802.00 4,172.00 7,223.00
2017-02-28 61,886.00 3,718.00 7,182.00
2016-11-30 57,909.00 3,900.00 6,777.00
2016-08-31 57,228.00 3,590.00 6,702.00
2016-05-31 57,118.00 3,636.00 6,721.00
2016-02-29 57,617.00 4,539.00 6,631.00
2015-11-30 58,187.00 4,780.00 6,436.00
2015-08-31 57,953.00 5,106.00 6,375.00
2015-05-31 58,045.00 5,390.00 6,294.00
2015-02-28 57,634.00 5,394.00 6,201.00
2014-11-30 57,332.00 5,257.00 6,335.00
2014-08-31 56,500.00 5,356.00 6,296.00
2014-05-31 55,370.00 5,216.00 6,247.00
2014-02-28 53,820.00 5,177.00 6,164.00
2013-11-30 52,175.00 4,308.00 6,034.00
2013-08-31 50,885.00 3,728.00 6,105.00
2013-05-31 50,000.00 3,333.00 6,091.00
2013-02-28 48,084.00 2,719.00 6,034.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • WakitaLTD is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • WakitaLTD's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of WakitaLTD'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 18.5x 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 WakitaLTD Company Filings, last reported 3 months ago.

TSE:8125 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 92,966.00 3,143.00 24,955.00
2019-05-31 92,384.00 3,220.00 24,015.00
2019-02-28 93,146.00 2,990.00 28,166.00
2018-11-30 92,474.00 2,930.00 29,067.00
2018-08-31 91,479.00 2,543.00 30,754.00
2018-05-31 90,505.00 2,615.00 28,792.00
2018-02-28 90,914.00 529.00 33,779.00
2017-11-30 90,101.00 853.00 31,115.00
2017-08-31 88,769.00 147.00 29,483.00
2017-05-31 87,500.00 181.00 28,789.00
2017-02-28 87,896.00 215.00 29,811.00
2016-11-30 86,931.00 940.00 23,278.00
2016-08-31 85,230.00 1,035.00 22,126.00
2016-05-31 84,304.00 1,703.00 21,525.00
2016-02-29 85,141.00 0.00 23,146.00
2015-11-30 84,638.00 0.00 28,727.00
2015-08-31 83,469.00 0.00 29,878.00
2015-05-31 82,604.00 0.00 29,840.00
2015-02-28 82,343.00 0.00 32,351.00
2014-11-30 81,084.00 0.00 30,773.00
2014-08-31 79,632.00 0.00 28,602.00
2014-05-31 78,120.00 0.00 26,099.00
2014-02-28 77,863.00 0.00 27,156.00
2013-11-30 76,994.00 0.00 25,083.00
2013-08-31 75,443.00 0.00 24,161.00
2013-05-31 69,942.00 0.00 19,028.00
2013-02-28 69,154.00 0.00 19,714.00
  • WakitaLTD's level of debt (3.3%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if WakitaLTD's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (359.9%, greater than 20% of total debt).
  • WakitaLTD earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess WakitaLTD'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. WakitaLTD 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.

Dividends

 What is WakitaLTD'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
2.77%
Current annual income from WakitaLTD dividends.
If you bought ¥2,000 of WakitaLTD shares you are expected to receive ¥55 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?
  • WakitaLTD's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • WakitaLTD's dividend is below the markets top 25% of dividend payers in Japan (2.98%).
Upcoming dividend payment

Purchase WakitaLTD 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
TSE:8125 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
Japan Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 106 Stocks 3.8%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2972 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

TSE:8125 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:8125 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-24 30.000 2.829
2019-04-05 30.000 2.663
2018-05-25 30.000 2.451
2018-04-06 30.000 2.555
2017-05-26 30.000 2.314
2017-04-07 30.000 2.434
2016-05-27 30.000 3.591
2016-04-08 30.000 3.943
2015-05-29 30.000 2.928
2015-04-10 30.000 2.458
2014-05-23 25.000 2.141
2014-04-04 25.000 2.126
2013-05-24 20.000 1.767
2013-04-05 20.000 1.721
2012-07-06 19.000 2.984
2012-05-25 19.000 3.575
2012-04-06 19.000 3.094
2012-01-10 17.000 2.788
2011-10-07 17.000 3.562
2011-07-08 17.000 3.761
2011-04-08 17.000 3.780
2011-01-07 15.000 3.531
2010-05-28 15.000 4.654
2010-04-09 15.000 4.041
2009-05-29 15.000 3.588

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of WakitaLTD's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x 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 WakitaLTD'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 WakitaLTD afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. WakitaLTD has a total score of 4/6, 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 WakitaLTD'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
Teiji Wakita
COMPENSATION ¥100,000,000
AGE 62
TENURE AS CEO 15.6 years
CEO Bio

Mr. Teiji Wakita has been the President of Wakita & Co., Ltd. since May 2004. Mr. Wakita has been General Manager of Marketing Division at Wakita & Co., Ltd. since May 2016 and served as its Chief Operating Officer. Mr. Wakita joined Wakita & Co., Ltd., President's office Assistant in April 1992 and served as its President, Department General Manager since May 1992, Managing Director (President's office in-charge) since May 1998, Deputy Manager of Sales Division (Head Office Sales and system operations department Head) since August 2000 and Senior Managing Director since May 2002. Mr. Wakita has been a representative Director of Wakita & Co., Ltd. since May 2004. Mr. Wakita served as a Director of Wakita & Co., Ltd. since May 1992.

CEO Compensation
  • Insufficient data for Teiji to compare compensation growth.
  • Teiji's remuneration is lower than average for companies of similar size in Japan.
Management Team Tenure

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

13.6
Average Tenure
65.5
Average Age
  • The average tenure for the WakitaLTD management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Teiji Wakita

TITLE
President
COMPENSATION
¥100M
AGE
62
TENURE
15.6 yrs

Iwao Shigematsu

TITLE
Senior Managing Director
AGE
72
TENURE
13.6 yrs

Shoichi Washio

TITLE
Executive Officer
AGE
62
TENURE
8.6 yrs

Kazuhiro Shimizu

TITLE
MD & Director
AGE
63

Yukihiro Ikeda

TITLE
Vice President and Director
AGE
72

Toshio Oda

TITLE
MD, Deputy GM of Administrative Division & Director
AGE
68
Board of Directors Tenure

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

4.6
Average Tenure
68.5
Average Age
  • The tenure for the WakitaLTD board of directors is about average.
Board of Directors

Haruo Toishi

TITLE
Chairman of the Board of Directors
AGE
79

Teiji Wakita

TITLE
President
COMPENSATION
¥100M
AGE
62
TENURE
15.6 yrs

Iwao Shigematsu

TITLE
Senior Managing Director
AGE
72
TENURE
13.6 yrs

Shoichi Washio

TITLE
Executive Officer
AGE
62
TENURE
3.6 yrs

Kazuhiro Shimizu

TITLE
MD & Director
AGE
63
TENURE
3.6 yrs

Yukihiro Ikeda

TITLE
Vice President and Director
AGE
72
TENURE
27.6 yrs

Toshio Oda

TITLE
MD, Deputy GM of Administrative Division & Director
AGE
68
TENURE
11.6 yrs

Hitoshi Hayazaki

TITLE
Director
AGE
66
TENURE
3.6 yrs

Hirokatsu Ishikura

TITLE
Outside Director
AGE
76
TENURE
4.6 yrs

Yasuhiro Kuraguchi

TITLE
Outside Director
AGE
69
TENURE
3.6 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 WakitaLTD'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. WakitaLTD 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

Wakita & Co., LTD., a trading company that manufactures, sells, and leases civil engineering and construction equipment. The company's products include excavators, bulldozers, generators, air-compressors, wheel-loaders, rollers, pumps, housing products, high-pressure washing machines, floodlights, blowers, diamond blades, rubber crawlers, etc. It is also involved in the auction of used construction equipment through the Internet. In addition, the company offers assistance, such as store planning, interior and exterior construction, support of store facilities, and finance services for commercial facilities; construction and finance services for a range of industrial facilities and equipment in the manufacturing, transportation, communications, agricultural, medical and information communications industries; and audiovisual equipment comprising karaoke machines and other entertainment equipment. Further, it is involved in the sale of game machines, etc.; lease and rental of real estate properties that include commercial buildings, condominiums, etc.; and provision of stone materials for construction use. The company offers its products under MEIHO brand. It also exports used construction equipment to the construction markets primarily in Asia, the United States, Europe, Oceania, and the Middle East countries. The company was founded in 1949 and is headquartered in Osaka, Japan.

Details
Name: Wakita & Co.,LTD.
8125
Exchange: TSE
Founded: 1949
¥56,244,880,473
51,934,331
Website: http://www.wakita.co.jp
Address: Wakita & Co.,LTD.
1-3-20 Edobori,
Nishi-ku,
Osaka,
550-0002,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8125 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
815
WakitaLTD employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 14:43
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2019/10/11
Last earnings reported: 2019/08/31
Last annual earnings reported: 2019/02/28


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.