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Kitakei

TSE:9872
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9872
TSE
¥9B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Kitakei Co., Ltd., a trading company, sells housing materials and facility equipment in Japan. The last earnings update was 68 days ago. More info.


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9872 Share Price and Events
7 Day Returns
4.2%
TSE:9872
1.2%
JP Trade Distributors
0.7%
JP Market
1 Year Returns
-20.8%
TSE:9872
6.8%
JP Trade Distributors
9.4%
JP Market
9872 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kitakei (9872) 4.2% -12.1% 1.5% -20.8% 79.3% 82.7%
JP Trade Distributors 1.2% 2.4% 7.7% 6.8% 25.1% 50.3%
JP Market 0.7% 1.4% 9.1% 9.4% 13.8% 30.3%
1 Year Return vs Industry and Market
  • 9872 underperformed the Trade Distributors industry which returned 6.8% over the past year.
  • 9872 underperformed the Market in Japan which returned 9.4% over the past year.
Price Volatility
9872
Industry
5yr Volatility vs Market
Related Companies

9872 Value

 Is Kitakei 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 Kitakei 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 Kitakei.

TSE:9872 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%
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:9872
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 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.947 (1 + (1- 30.86%) (0%))
0.965
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.965 * 6.33%)
6.02%

Discounted Cash Flow Calculation for TSE:9872 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kitakei 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:9872 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.02%)
2020 2,333.54 Est @ 1.4% 2,201.11
2021 2,355.73 Est @ 0.95% 2,095.93
2022 2,370.77 Est @ 0.64% 1,989.61
2023 2,380.73 Est @ 0.42% 1,884.57
2024 2,387.08 Est @ 0.27% 1,782.37
2025 2,390.90 Est @ 0.16% 1,683.90
2026 2,392.93 Est @ 0.08% 1,589.69
2027 2,393.70 Est @ 0.03% 1,499.96
2028 2,393.60 Est @ -0% 1,414.77
2029 2,392.88 Est @ -0.03% 1,334.08
Present value of next 10 years cash flows ¥17,475.00
TSE:9872 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,392.88 × (1 + -0.09%) ÷ (6.02% – -0.09%)
¥39,149.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥39,149.78 ÷ (1 + 6.02%)10
¥21,826.77
TSE:9872 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥17,475.00 + ¥21,826.77
¥39,301.77
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥39,301.77 / 9.28
¥4235.81
TSE:9872 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥4,235.81
Current discount Discount to share price of ¥961.00
= -1 x (¥961.00 - ¥4,235.81) / ¥4,235.81
77.3%

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

Current Discount
Amount off the current price Kitakei is available for.
Intrinsic value
>50%
Share price is ¥961 vs Future cash flow value of ¥4235.81
Current Discount Checks
For Kitakei to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kitakei's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kitakei'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 Kitakei's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kitakei's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9872 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-20) in JPY ¥68.98
TSE:9872 Share Price ** TSE (2019-12-10) in JPY ¥961
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.82x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 15.61x

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

** Primary Listing of Kitakei.

TSE:9872 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9872 Share Price ÷ EPS (both in JPY)

= 961 ÷ 68.98

13.93x

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

  • Kitakei is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • Kitakei is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Kitakei's expected growth come at a high price?
Raw Data
TSE:9872 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.93x
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 1.99x
Japan Market PEG Ratio Median Figure of 1,367 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 Kitakei, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kitakei's assets?
Raw Data
TSE:9872 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-20) in JPY ¥1,240.62
TSE:9872 Share Price * TSE (2019-12-10) in JPY ¥961
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,528 Publicly-Listed Companies 1.14x
TSE:9872 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9872 Share Price ÷ Book Value per Share (both in JPY)

= 961 ÷ 1,240.62

0.77x

* Primary Listing of Kitakei.

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

  • Kitakei is overvalued based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess Kitakei'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. Kitakei 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.

9872 Future Performance

 How is Kitakei 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 Kitakei 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 Kitakei expected to grow at an attractive rate?
  • Unable to compare Kitakei's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kitakei's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Kitakei's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:9872 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%
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:9872 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:9872 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:9872 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-08-20 56,898 640
2019-05-20 56,940 2,372 588
2019-02-20 57,245 581
2018-11-20 57,003 959 544
2018-08-20 56,939 521
2018-05-20 56,728 976 584
2018-02-20 56,433 583
2017-11-20 55,704 1,602 542
2017-08-20 54,269 504
2017-05-20 53,356 93 464
2017-02-20 52,294 455
2016-11-20 50,827 -185 418

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kitakei is high growth as no earnings estimate data is available.
  • Unable to determine if Kitakei 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:9872 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 Kitakei Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9872 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:9872 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-08-20 68.98
2019-05-20 63.38
2019-02-20 62.62
2018-11-20 58.63
2018-08-20 56.15
2018-05-20 62.94
2018-02-20 62.84
2017-11-20 58.42
2017-08-20 54.32
2017-05-20 50.01
2017-02-20 49.04
2016-11-20 45.05

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

Next steps:

  1. Examine whether Kitakei is trading at Kitakei'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. Kitakei'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 Kitakei'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.
Kitakei 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.

9872 Past Performance

  How has Kitakei 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 Kitakei'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.
  • Kitakei's year on year earnings growth rate has been positive over the past 5 years.
  • Kitakei's 1-year earnings growth exceeds its 5-year average (22.8% vs 3.9%)
  • Kitakei's earnings growth has exceeded the JP Trade Distributors industry average in the past year (22.8% vs -1.5%).
Earnings and Revenue History
Kitakei'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 Kitakei Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9872 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-20 56,898.00 640.00 4,535.00
2019-05-20 56,940.00 588.00 4,580.00
2019-02-20 57,245.00 581.00 4,535.00
2018-11-20 57,003.00 544.00 4,509.00
2018-08-20 56,939.00 521.00 4,498.00
2018-05-20 56,728.00 584.00 4,378.00
2018-02-20 56,433.00 583.00 4,370.00
2017-11-20 55,704.00 542.00 4,338.00
2017-08-20 54,269.00 504.00 4,282.00
2017-05-20 53,356.00 464.00 4,252.00
2017-02-20 52,294.00 455.00 4,176.00
2016-11-20 50,827.00 418.00 4,144.00
2016-08-20 50,031.00 375.00 4,114.00
2016-05-20 49,127.00 368.00 4,110.00
2016-02-20 47,708.00 352.00 4,068.00
2015-11-20 47,383.00 461.00 4,011.00
2015-08-20 47,091.00 457.00 4,053.00
2015-05-20 46,906.00 484.00 4,010.00
2015-02-20 48,131.00 555.00 4,068.00
2014-11-20 48,958.00 562.00 4,049.00
2014-08-20 49,334.00 617.00 4,091.00
2014-05-20 49,257.00 639.00 4,071.00
2014-02-20 48,157.00 595.00 3,975.00
2013-11-20 46,613.00 533.00 3,918.00
2013-08-20 45,503.00 503.00 3,829.00
2013-05-20 44,445.00 447.00 3,760.00
2013-02-20 43,241.00 389.00 3,691.00

*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.
  • Kitakei has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kitakei used its assets less efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
  • Kitakei has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kitakei'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.
Kitakei has a total score of 4/6, 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.

9872 Health

 How is Kitakei'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 Kitakei's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kitakei is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kitakei's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kitakei'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are -2563.3x 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 Kitakei Company Filings, last reported 3 months ago.

TSE:9872 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-20 11,511.00 0.00 9,666.00
2019-05-20 11,427.00 0.00 9,873.00
2019-02-20 11,307.00 0.00 10,053.00
2018-11-20 11,331.00 0.00 9,302.00
2018-08-20 11,216.00 0.00 9,173.00
2018-05-20 11,264.00 0.00 8,025.00
2018-02-20 11,060.00 0.00 9,196.00
2017-11-20 11,061.00 0.00 8,906.00
2017-08-20 10,822.00 0.00 7,801.00
2017-05-20 10,694.00 0.00 7,387.00
2017-02-20 10,479.00 0.00 8,513.00
2016-11-20 10,491.00 0.00 7,206.00
2016-08-20 10,287.00 0.00 6,397.00
2016-05-20 10,198.00 0.00 7,307.00
2016-02-20 10,013.00 0.00 6,951.00
2015-11-20 10,143.00 0.00 7,679.00
2015-08-20 10,135.00 0.00 7,197.00
2015-05-20 10,087.00 0.00 6,754.00
2015-02-20 9,930.00 0.00 6,593.00
2014-11-20 9,945.00 0.00 6,749.00
2014-08-20 9,838.00 0.00 6,448.00
2014-05-20 9,712.00 0.00 6,946.00
2014-02-20 9,536.00 0.00 6,744.00
2013-11-20 9,474.00 0.00 6,560.00
2013-08-20 9,285.00 0.00 6,344.00
2013-05-20 9,245.00 0.00 6,228.00
2013-02-20 8,984.00 0.00 6,357.00
  • Unable to establish if Kitakei's level of debt is high without past debt data.
  • Unable to establish if Kitakei's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Kitakei has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Kitakei'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. Kitakei has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

9872 Dividends

 What is Kitakei'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
2.19%
Current annual income from Kitakei dividends.
If you bought ¥2,000 of Kitakei shares you are expected to receive ¥44 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?
  • Kitakei's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.33%).
  • Kitakei's dividend is below the markets top 25% of dividend payers in Japan (2.92%).
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:9872 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 3.7%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2973 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 2.9%

Industry and Market average data is calculated daily.

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

TSE:9872 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:9872 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-12-28 21.000 2.290
2018-10-02 21.000 2.064
2018-02-19 21.000 2.492
2017-12-28 21.000 2.542
2017-02-20 14.000 2.008
2016-12-28 14.000 2.539
2016-02-19 14.000 2.700
2016-01-06 14.000 2.952
2015-02-20 14.000 2.474
2015-01-08 14.000 2.769
2014-02-20 12.000 2.231
2014-01-08 12.000 2.441
2013-04-02 10.000 2.294
2013-02-20 10.000 2.882
2013-01-09 10.000 3.040
2012-10-03 8.000 2.564
2012-07-02 8.000 2.717
2012-04-02 8.000 2.815
2012-02-17 8.000 2.885
2012-01-11 8.000 3.040
2011-09-30 8.000 2.924
2011-06-30 8.000 2.974
2011-04-05 8.000 3.191
2011-02-18 8.000 3.397
2011-01-07 8.000 3.403
2010-09-30 5.000 2.208
2010-03-23 5.000 2.159
2010-02-19 5.000 2.089
2010-01-08 5.000 2.302
2009-09-25 8.000 3.254
2009-06-19 8.000 3.181
2009-01-19 8.000 3.569

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kitakei's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kitakei'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 Kitakei afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kitakei has a total score of 3/6, see the detailed checks below.


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

9872 Management

 What is the CEO of Kitakei'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
Ryoichi Kitamura
AGE 61
TENURE AS CEO 31.5 years
CEO Bio

Mr. Ryoichi Kitamura has been the President and Representative Director of Kitakei Co.,Ltd. since June 1988 and served as its Director since November 1987. Mr. Kitamura Joined KITAKEI CO., LTD. in April 1980 and served as its General Manager of Sales & Marketing Division and Manager of Sales Department since February 1986.

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

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

6.5
Average Tenure
57.5
Average Age
  • The average tenure for the Kitakei management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ryoichi Kitamura

TITLE
President and Representative Director
AGE
61
TENURE
31.5 yrs

Yuzo Kitamura

TITLE
General Manager of Administrative Department and Director
AGE
55

Makoto Kitamura

TITLE
Senior Managing Director and Director
AGE
59

Akihiko Yamauchi

TITLE
Manager of Higashinihon Marketing Department and Director
AGE
56
TENURE
7.8 yrs

Norimasa Kishimoto

TITLE
Manager of Kinki 2nd Marketing Department and Director
AGE
56
TENURE
5.1 yrs

Hitoshi Nakamura

TITLE
Manager of Kinki 1st Marketing Department and Director
AGE
59
TENURE
5.1 yrs
Board of Directors Tenure

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

7.8
Average Tenure
59
Average Age
  • The tenure for the Kitakei board of directors is about average.
Board of Directors

Ryoichi Kitamura

TITLE
President and Representative Director
AGE
61
TENURE
31.5 yrs

Yuzo Kitamura

TITLE
General Manager of Administrative Department and Director
AGE
55
TENURE
11.8 yrs

Makoto Kitamura

TITLE
Senior Managing Director and Director
AGE
59

Akihiko Yamauchi

TITLE
Manager of Higashinihon Marketing Department and Director
AGE
56
TENURE
7.8 yrs

Norimasa Kishimoto

TITLE
Manager of Kinki 2nd Marketing Department and Director
AGE
56
TENURE
7.8 yrs

Hitoshi Nakamura

TITLE
Manager of Kinki 1st Marketing Department and Director
AGE
59
TENURE
5.8 yrs

Seiji Morinobu

TITLE
Outside Director
AGE
70
TENURE
4.8 yrs

Masahiro Sugino

TITLE
Outside Director
TENURE
1.8 yrs

Takao Komai

TITLE
Outside Auditor
AGE
64
TENURE
15.8 yrs

Yoshihiro Sakatani

TITLE
Outside Auditor
AGE
62
TENURE
13.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (¥) Value (¥)
X
Management checks
We assess Kitakei'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. Kitakei 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.

9872 News

Simply Wall St News

9872 Company Info

Description

Kitakei Co., Ltd., a trading company, sells housing materials and facility equipment in Japan. The company provides interior products, including floor, wall, roofing, frame, and building materials; interior doors; stairs, hand railings, and counters; entryway, wall, and closet boxes and storage products; tiles, bricks, and rock/stone materials; and Japanese style housing materials. It also offers fixtures and fittings, such as kitchen, bath, sink bowl, sink vanity, and toilet products; hot water heaters, electrical water heaters, and water purifiers; cooking stoves and induction heating cookers; ventilation fans, heaters and dehumidifiers, air conditioning products, stoves/heaters, floor heating products, and thermal storage heating systems; locks, door phone, and security equipment; lights and health-related equipment; and PV systems. In addition, the company provides function materials and hardware comprising insulation, humidity control, waterproof/soundproof, and hygienic materials; chalk board, urethane foam, and cellulose fibers; nails, screws, construction hardware, and aseimatic reinforcing materials; and glue, paints, wood preservatives and pesticides, and anti-fungal and anti-rust agents. Further, it offers exterior materials consisting of guttering, eaves, fences, front doors, window sashes, windows, deck materials, gate pillars and doors, carports, tiles, bricks, and stone materials; and wood materials. Additionally, the company provides structural materials, fixtural timber, and laminated wood products; furniture and core materials; alcove materials, open work gratings, and Japanese-style room repair materials; tatami room tables, ornament shelves, and craft objects; and plywood, LVL, MDF, and particle boards. It also engages in the provision of interior, housing appliance, exterior, and fitting construction works. The company was founded in 1959 and is headquartered in Osaka, Japan.

Details
Name: Kitakei Co., Ltd.
9872
Exchange: TSE
Founded: 1959
¥8,870,201,068
9,278,453
Website: http://www.kitakei.jp
Address: Kitakei Co., Ltd.
Ito Building,
3-6-14, Minami-Honmachi,
Osaka,
541-0054,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9872 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
352
Kitakei employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 14:44
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2019/10/04
Last earnings reported: 2019/08/20
Last annual earnings reported: 2018/11/20


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.