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CSS HoldingsLtd

JASDAQ:2304
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2304
JASDAQ
¥1B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

CSS Holdings,Ltd. provides steward management services in Japan. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • CSS HoldingsLtd has significant price volatility in the past 3 months.
2304 Share Price and Events
7 Day Returns
-9.1%
JASDAQ:2304
-9.1%
JP Commercial Services
-8.9%
JP Market
1 Year Returns
-50.7%
JASDAQ:2304
-16%
JP Commercial Services
-17.9%
JP Market
2304 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CSS HoldingsLtd (2304) -9.1% -24.5% -44.9% -50.7% -53% -59.8%
JP Commercial Services -9.1% -11.7% -24.8% -16% -9.2% -7.7%
JP Market -8.9% -12.9% -22.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 2304 underperformed the Commercial Services industry which returned -16% over the past year.
  • 2304 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
2304
Industry
5yr Volatility vs Market

2304 Value

 Is CSS HoldingsLtd 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 CSS HoldingsLtd 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 CSS HoldingsLtd.

JASDAQ:2304 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 6.3%
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 JASDAQ:2304
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.588 (1 + (1- 30.86%) (104.5%))
1.008
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.008 * 6.33%)
6.29%

Discounted Cash Flow Calculation for JASDAQ:2304 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CSS HoldingsLtd 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.

JASDAQ:2304 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.29%)
2020 317.54 Est @ 1.81% 298.74
2021 321.46 Est @ 1.24% 284.54
2022 324.16 Est @ 0.84% 269.94
2023 325.98 Est @ 0.56% 255.39
2024 327.17 Est @ 0.37% 241.15
2025 327.91 Est @ 0.23% 227.39
2026 328.35 Est @ 0.13% 214.22
2027 328.57 Est @ 0.07% 201.67
2028 328.63 Est @ 0.02% 189.77
2029 328.59 Est @ -0.01% 178.52
Present value of next 10 years cash flows ¥2,361.00
JASDAQ:2304 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥328.59 × (1 + -0.09%) ÷ (6.29% – -0.09%)
¥5,144.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥5,144.69 ÷ (1 + 6.29%)10
¥2,795.04
JASDAQ:2304 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥2,361.00 + ¥2,795.04
¥5,156.04
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥5,156.04 / 5.05
¥1020.95
JASDAQ:2304 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,020.95
Current discount Discount to share price of ¥209.00
= -1 x (¥209.00 - ¥1,020.95) / ¥1,020.95
79.5%

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

Current Discount
Amount off the current price CSS HoldingsLtd is available for.
Intrinsic value
>50%
Share price is ¥209 vs Future cash flow value of ¥1020.95
Current Discount Checks
For CSS HoldingsLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CSS HoldingsLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CSS HoldingsLtd'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 CSS HoldingsLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CSS HoldingsLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JASDAQ:2304 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥-18.43
JASDAQ:2304 Share Price ** JASDAQ (2020-04-03) in JPY ¥209
Japan Commercial Services Industry PE Ratio Median Figure of 111 Publicly-Listed Commercial Services Companies 11.89x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 11.51x

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

** Primary Listing of CSS HoldingsLtd.

JASDAQ:2304 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JASDAQ:2304 Share Price ÷ EPS (both in JPY)

= 209 ÷ -18.43

-11.34x

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

  • CSS HoldingsLtd is loss making, we can't compare its value to the JP Commercial Services industry average.
  • CSS HoldingsLtd is loss making, we can't compare the value of its earnings to the Japan market.
Price based on expected Growth
Does CSS HoldingsLtd's expected growth come at a high price?
Raw Data
JASDAQ:2304 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Commercial Services Industry PEG Ratio Median Figure of 31 Publicly-Listed Commercial Services Companies 1.3x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.25x

*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 CSS HoldingsLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CSS HoldingsLtd's assets?
Raw Data
JASDAQ:2304 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥535.41
JASDAQ:2304 Share Price * JASDAQ (2020-04-03) in JPY ¥209
Japan Commercial Services Industry PB Ratio Median Figure of 129 Publicly-Listed Commercial Services Companies 0.76x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
JASDAQ:2304 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:2304 Share Price ÷ Book Value per Share (both in JPY)

= 209 ÷ 535.41

0.39x

* Primary Listing of CSS HoldingsLtd.

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

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

2304 Future Performance

 How is CSS HoldingsLtd 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 CSS HoldingsLtd 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
4.2%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CSS HoldingsLtd expected to grow at an attractive rate?
  • Unable to compare CSS HoldingsLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CSS HoldingsLtd's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare CSS HoldingsLtd's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JASDAQ:2304 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Japan Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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
JASDAQ:2304 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.
JASDAQ:2304 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JASDAQ:2304 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 17,952 -93
2019-09-30 18,445 427 -110
2019-06-30 18,510 48
2019-03-31 18,238 244 27
2018-12-31 17,631 229
2018-09-30 17,326 345 158
2018-06-30 16,994 132
2018-03-31 17,119 165 158
2017-12-31 16,913 129
2017-09-30 16,895 210 152
2017-06-30 16,952 288
2017-03-31 17,038 639 285

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CSS HoldingsLtd is high growth as no earnings estimate data is available.
  • Unable to determine if CSS HoldingsLtd 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
JASDAQ:2304 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 CSS HoldingsLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:2304 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JASDAQ:2304 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 -18.43
2019-09-30 -21.80
2019-06-30 9.51
2019-03-31 5.35
2018-12-31 45.39
2018-09-30 31.32
2018-06-30 26.17
2018-03-31 31.32
2017-12-31 25.57
2017-09-30 30.13
2017-06-30 57.09
2017-03-31 56.49

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

Next steps:

  1. Examine whether CSS HoldingsLtd is trading at CSS HoldingsLtd'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. CSS HoldingsLtd'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 Commercial Services 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 CSS HoldingsLtd'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.
CSS HoldingsLtd 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.

2304 Past Performance

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

JASDAQ:2304 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 17,952.00 -93.00 2,691.00
2019-09-30 18,445.00 -110.00 2,838.00
2019-06-30 18,510.00 48.00 2,808.00
2019-03-31 18,238.00 27.00 2,804.00
2018-12-31 17,631.00 229.00 2,756.00
2018-09-30 17,326.00 158.00 2,722.00
2018-06-30 16,994.00 132.00 2,646.00
2018-03-31 17,119.00 158.00 2,636.00
2017-12-31 16,913.00 129.00 2,613.00
2017-09-30 16,895.00 152.00 2,600.00
2017-06-30 16,952.00 288.00 2,673.00
2017-03-31 17,038.00 285.00 2,679.00
2016-12-31 17,621.00 394.00 2,700.00
2016-09-30 18,129.00 464.00 2,706.00
2016-06-30 18,593.00 354.00 2,719.00
2016-03-31 18,712.00 399.00 2,721.00
2015-12-31 18,300.00 329.00 2,717.00
2015-09-30 17,654.00 253.00 2,730.00
2015-06-30 16,249.00 277.00 2,418.00
2015-03-31 14,648.00 148.00 2,189.00
2014-12-31 13,534.00 184.00 1,968.00
2014-09-30 12,557.00 169.00 1,736.00
2014-06-30 12,246.00 98.00 1,684.00
2014-03-31 12,537.00 228.00 1,674.00
2013-12-31 12,424.00 130.00 1,683.00
2013-09-30 12,326.00 113.00 1,679.00
2013-06-30 12,432.00 19.00 1,879.00

*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 CSS HoldingsLtd has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if CSS HoldingsLtd has efficiently used its assets last year compared to the JP Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if CSS HoldingsLtd 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 CSS HoldingsLtd'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 Commercial Services 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.
CSS HoldingsLtd 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.

2304 Health

 How is CSS HoldingsLtd'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 CSS HoldingsLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CSS HoldingsLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CSS HoldingsLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CSS HoldingsLtd'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 3.4x 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 CSS HoldingsLtd Company Filings, last reported 3 months ago.

JASDAQ:2304 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,702.00 1,020.00 754.00
2019-09-30 2,638.00 1,075.00 807.00
2019-06-30 2,765.00 1,495.00 1,016.00
2019-03-31 2,761.00 1,570.00 973.00
2018-12-31 2,819.00 2,090.00 1,330.00
2018-09-30 2,828.00 1,615.00 1,090.00
2018-06-30 2,824.00 1,985.00 1,507.00
2018-03-31 2,841.00 1,817.00 1,207.00
2017-12-31 2,719.00 2,095.00 1,265.00
2017-09-30 2,714.00 1,736.00 1,088.00
2017-06-30 2,703.00 2,417.00 1,683.00
2017-03-31 2,677.00 1,759.00 1,104.00
2016-12-31 2,580.00 2,352.00 1,600.00
2016-09-30 2,556.00 1,990.00 1,298.00
2016-06-30 2,414.00 2,778.00 1,916.00
2016-03-31 2,442.00 2,370.00 1,177.00
2015-12-31 2,262.00 2,918.00 1,385.00
2015-09-30 2,162.00 2,505.00 1,468.00
2015-06-30 2,159.00 3,045.00 1,712.00
2015-03-31 2,099.00 2,947.00 1,561.00
2014-12-31 1,934.00 3,229.00 1,806.00
2014-09-30 1,928.00 1,990.00 1,323.00
2014-06-30 1,877.00 2,272.00 1,414.00
2014-03-31 1,942.00 2,225.00 1,473.00
2013-12-31 1,776.00 2,688.00 1,602.00
2013-09-30 1,765.00 2,297.00 1,300.00
2013-06-30 1,790.00 2,890.00 1,867.00
  • CSS HoldingsLtd's level of debt (37.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (166.6% vs 37.7% today).
  • Debt is well covered by operating cash flow (41.9%, greater than 20% of total debt).
  • CSS HoldingsLtd is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess CSS HoldingsLtd'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. CSS HoldingsLtd 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.

2304 Dividends

 What is CSS HoldingsLtd'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
4.78%
Current annual income from CSS HoldingsLtd dividends.
If you bought ¥2,000 of CSS HoldingsLtd shares you are expected to receive ¥96 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?
  • CSS HoldingsLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.81%).
  • CSS HoldingsLtd's dividend is above the markets top 25% of dividend payers in Japan (4.2%).
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
JASDAQ:2304 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 111 Stocks 2.4%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2988 Stocks 3%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.8%
Japan Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

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

JASDAQ:2304 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
JASDAQ:2304 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-12-23 10.000 3.221
2019-11-12 10.000 2.605
2018-12-25 10.000 2.510
2018-11-13 10.000 2.608
2017-12-18 10.000 2.408
2017-11-14 10.000 2.439
2016-12-19 10.000 2.213
2016-11-16 10.000 2.008
2015-12-21 9.000 1.940
2015-11-17 9.000 1.754
2014-12-22 7.000 1.458
2014-11-18 7.000 1.965
2014-02-12 5.000 1.546
2013-12-20 5.000 1.418
2013-11-18 5.000 1.309
2013-02-13 5.000 1.832
2012-12-20 5.000 2.115
2012-11-19 5.000 2.100
2012-08-08 5.000 2.120
2012-05-14 5.000 1.947
2012-02-13 5.000 3.071
2011-12-20 5.000 3.469
2011-11-16 5.000 3.508
2011-08-10 5.000 3.499
2011-02-14 5.000 2.913
2010-12-20 5.000 2.574
2010-11-17 5.000 2.938
2009-12-21 7.500 3.880
2009-11-18 7.500 3.877
2009-08-12 7.500 2.984

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 CSS HoldingsLtd'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 CSS HoldingsLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 CSS HoldingsLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CSS HoldingsLtd 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.

2304 Management

 What is the CEO of CSS HoldingsLtd'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
Kiichiro Hayashida
AGE 51
TENURE AS CEO 9.3 years
CEO Bio

Kiichiro Hayashida has been the President and Representative Director at CSS Holdings, Ltd. since December 19, 2010 and December 2008 respectively.

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

Kiichiro Hayashida

TITLE
President and Representative Director
AGE
51
TENURE
9.3 yrs

Yusuke Kawakatsu

TITLE
Senior Managing Director and Director
AGE
51
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the CSS HoldingsLtd board of directors in years:

11.3
Average Tenure
64.5
Average Age
  • The average tenure for the CSS HoldingsLtd board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Midori Noguchi

TITLE
Chairman
AGE
62
TENURE
16.4 yrs

Kiichiro Hayashida

TITLE
President and Representative Director
AGE
51
TENURE
11.3 yrs

Yusuke Kawakatsu

TITLE
Senior Managing Director and Director
AGE
51
TENURE
9.3 yrs

Kazuo Watanabe

TITLE
Director
AGE
67

Hideo Sanpei

TITLE
Director
AGE
56
TENURE
11.3 yrs

Hiroyasu Yamadate

TITLE
External Director
AGE
78
TENURE
14.3 yrs

Kazuhiko Isobe

TITLE
Director
AGE
67
TENURE
11.3 yrs

Katsutaro Tsuji

TITLE
Director
AGE
70

Atsuo Ochi

TITLE
External Director
AGE
66
TENURE
21.3 yrs

Yoichiro Morinaga

TITLE
Director
AGE
63
TENURE
6.3 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 CSS HoldingsLtd'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. CSS HoldingsLtd 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.

2304 News

Simply Wall St News

2304 Company Info

Description

CSS Holdings,Ltd. provides steward management services in Japan. The company also designs, constructs, sells, and maintains sound and visual equipment for stores and hotels; plans, produces, and sells music/video software; sells menu supplied food; produces, rents, and sells commercial BGM programs; and manages hotel and employee cafeterias. In addition, it offers system design and consultancy services for professional audio equipment, as well as imports and sells professional audio equipment. The company was founded in 1984 and is headquartered in Tokyo, Japan.

Details
Name: CSS Holdings,Ltd.
2304
Exchange: JASDAQ
Founded: 1984
¥1,055,498,070
5,050,230
Website: http://www.css-holdings.jp
Address: CSS Holdings,Ltd.
No. 10 No. 1, Nihombashi Kodemma-cho,
Chuo-ku,
Tokyo,
103-0001,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 2304 Common Stock TSE JASDAQ JP JPY 13. Jun 2002
Number of employees
Current staff
Staff numbers
521
CSS HoldingsLtd employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 15:27
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/11/12
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


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.