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Persol HoldingsLtd

TSE:2181
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2181
TSE
¥403B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

Persol Holdings Co., Ltd. provides temporary staffing and placement services under the PERSOL brand worldwide. The last earnings update was 6 days ago. More info.


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2181 Share Price and Events
7 Day Returns
-18.4%
TSE:2181
-2%
JP Professional Services
-2.7%
JP Market
1 Year Returns
-9.5%
TSE:2181
31.8%
JP Professional Services
4.3%
JP Market
2181 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Persol HoldingsLtd (2181) -18.4% -15.2% -8% -9.5% -11.1% 29.8%
JP Professional Services -2% 1.6% 7.7% 31.8% 106.2% 209.3%
JP Market -2.7% -4% -0.9% 4.3% 8.9% 14.7%
1 Year Return vs Industry and Market
  • 2181 underperformed the Professional Services industry which returned 31.8% over the past year.
  • 2181 underperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
2181
Industry
5yr Volatility vs Market

Value

 Is Persol 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 Persol 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 Persol HoldingsLtd.

TSE:2181 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
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:2181
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.838 (1 + (1- 30.86%) (15.21%))
0.95
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.95 * 6.33%)
5.93%

Discounted Cash Flow Calculation for TSE:2181 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Persol 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.

TSE:2181 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.93%)
2020 18,242.54 Analyst x4 17,222.11
2021 32,188.52 Analyst x5 28,688.17
2022 38,719.64 Analyst x5 32,578.72
2023 40,957.50 Analyst x2 32,533.97
2024 46,500.00 Analyst x1 34,870.44
2025 50,200.75 Est @ 7.96% 35,539.85
2026 52,983.88 Est @ 5.54% 35,411.97
2027 55,025.78 Est @ 3.85% 34,719.49
2028 56,495.34 Est @ 2.67% 33,652.76
2029 57,536.24 Est @ 1.84% 32,355.67
Present value of next 10 years cash flows ¥317,573.00
TSE:2181 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥57,536.24 × (1 + -0.09%) ÷ (5.93% – -0.09%)
¥955,660.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥955,660.60 ÷ (1 + 5.93%)10
¥537,418.51
TSE:2181 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥317,573.00 + ¥537,418.51
¥854,991.51
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥854,991.51 / 231.04
¥3700.56
TSE:2181 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥3,700.56
Current discount Discount to share price of ¥1,743.00
= -1 x (¥1,743.00 - ¥3,700.56) / ¥3,700.56
52.9%

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

Current Discount
Amount off the current price Persol HoldingsLtd is available for.
Intrinsic value
>50%
Share price is ¥1743 vs Future cash flow value of ¥3700.56
Current Discount Checks
For Persol HoldingsLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Persol HoldingsLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Persol 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 Persol HoldingsLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Persol HoldingsLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:2181 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥21.33
TSE:2181 Share Price ** TSE (2020-02-20) in JPY ¥1743
Japan Professional Services Industry PE Ratio Median Figure of 81 Publicly-Listed Professional Services Companies 19.55x
Japan Market PE Ratio Median Figure of 3,059 Publicly-Listed Companies 15.31x

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

** Primary Listing of Persol HoldingsLtd.

TSE:2181 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2181 Share Price ÷ EPS (both in JPY)

= 1743 ÷ 21.33

81.71x

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

  • Persol HoldingsLtd is overvalued based on earnings compared to the JP Professional Services industry average.
  • Persol HoldingsLtd is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Persol HoldingsLtd's expected growth come at a high price?
Raw Data
TSE:2181 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 81.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
34.9%per year
Japan Professional Services Industry PEG Ratio Median Figure of 40 Publicly-Listed Professional Services Companies 1.72x
Japan Market PEG Ratio Median Figure of 1,270 Publicly-Listed Companies 1.71x

*Line of best fit is calculated by linear regression .

TSE:2181 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 81.71x ÷ 34.9%

2.34x

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

  • Persol HoldingsLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Persol HoldingsLtd's assets?
Raw Data
TSE:2181 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥597.72
TSE:2181 Share Price * TSE (2020-02-20) in JPY ¥1743
Japan Professional Services Industry PB Ratio Median Figure of 88 Publicly-Listed Professional Services Companies 2.89x
Japan Market PB Ratio Median Figure of 3,556 Publicly-Listed Companies 1.08x
TSE:2181 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2181 Share Price ÷ Book Value per Share (both in JPY)

= 1743 ÷ 597.72

2.92x

* Primary Listing of Persol HoldingsLtd.

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

  • Persol HoldingsLtd is overvalued based on assets compared to the JP Professional Services industry average.
X
Value checks
We assess Persol 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 Professional 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Persol HoldingsLtd has a total score of 2/6, 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 Persol HoldingsLtd expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Persol HoldingsLtd expected to grow at an attractive rate?
  • Persol HoldingsLtd's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Persol HoldingsLtd's earnings growth is expected to exceed the Japan market average.
  • Persol HoldingsLtd's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:2181 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:2181 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 34.9%
TSE:2181 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 5.2%
Japan Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
Japan Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 8.4%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:2181 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:2181 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,191,581 61,856 40,960 3
2023-03-31 1,141,672 53,461 34,527 4
2022-03-31 1,083,763 49,210 32,224 9
2021-03-31 1,026,384 42,769 27,312 9
2020-03-31 974,501 33,813 7,175 9
2020-02-20
TSE:2181 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 961,747 4,969
2019-09-30 952,514 29,959 7,197
2019-06-30 935,107 23,196
2019-03-31 925,818 42,353 24,361
2018-12-31 912,329 15,635
2018-09-30 849,663 32,504 10,533
2018-06-30 786,215 8,975
2018-03-31 722,183 35,003 7,769
2017-12-31 657,520 13,668
2017-09-30 639,985 39,557 17,178
2017-06-30 616,488 17,036
2017-03-31 591,995 39,617 17,820

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Persol HoldingsLtd's earnings are expected to grow significantly at over 20% yearly.
  • Persol HoldingsLtd's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:2181 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

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

TSE:2181 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 191.05 211.60 170.50 2.00
2023-03-31 155.58 182.10 125.73 3.00
2022-03-31 139.06 160.30 109.72 9.00
2021-03-31 117.86 134.09 94.57 9.00
2020-03-31 21.53 27.70 16.40 7.00
2020-02-20
TSE:2181 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 21.33
2019-09-30 30.84
2019-06-30 99.38
2019-03-31 104.39
2018-12-31 67.01
2018-09-30 45.15
2018-06-30 38.46
2018-03-31 33.27
2017-12-31 58.47
2017-09-30 73.34
2017-06-30 72.65
2017-03-31 75.94

*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.
  • Persol HoldingsLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Persol 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.
Persol HoldingsLtd has a total score of 4/6, 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 Persol 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 Persol HoldingsLtd's growth in the last year to its industry (Professional 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.
  • Persol HoldingsLtd's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Persol HoldingsLtd's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Persol HoldingsLtd's 1-year earnings growth is negative, it can't be compared to the JP Professional Services industry average.
Earnings and Revenue History
Persol 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 Persol HoldingsLtd Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:2181 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 961,747.00 4,969.00 174,609.00
2019-09-30 952,514.00 7,197.00 171,475.00
2019-06-30 935,107.00 23,196.00 167,102.00
2019-03-31 925,818.00 24,361.00 162,406.00
2018-12-31 912,329.00 15,635.00 158,123.00
2018-09-30 849,663.00 10,533.00 148,680.00
2018-06-30 786,215.00 8,975.00 139,937.00
2018-03-31 722,183.00 7,769.00 131,369.00
2017-12-31 657,520.00 13,668.00 122,314.00
2017-09-30 639,985.00 17,178.00 119,462.00
2017-06-30 616,488.00 17,036.00 114,787.00
2017-03-31 591,995.00 17,820.00 109,397.00
2016-12-31 571,331.00 19,711.00 105,444.00
2016-09-30 548,281.00 19,117.00 101,028.00
2016-06-30 535,828.00 19,375.00 97,744.00
2016-03-31 517,597.00 17,356.00 94,594.00
2015-12-31 485,006.00 17,401.00 87,861.00
2015-09-30 454,889.00 15,798.00 82,154.00
2015-06-30 424,462.00 14,164.00 77,300.00
2015-03-31 401,056.00 13,424.00 73,054.00
2014-12-31 388,266.00 11,980.00 71,041.00
2014-09-30 380,342.00 12,067.00 69,423.00
2014-06-30 372,165.00 11,325.00 68,286.00
2014-03-31 362,489.00 9,857.00 66,743.00
2013-12-31 328,511.00 7,839.00 57,329.00
2013-09-30 300,153.00 6,766.00 48,280.00
2013-06-30 272,790.00 6,379.00 38,521.00
2013-03-31 247,232.00 5,888.00 29,615.00

*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.
  • Persol HoldingsLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Persol HoldingsLtd used its assets less efficiently than the JP Professional Services industry average last year based on Return on Assets.
  • Persol HoldingsLtd has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Persol 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 Professional 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.
Persol HoldingsLtd has a total score of 1/6, see the detailed checks below.

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

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

Health

 How is Persol 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 Persol HoldingsLtd's finances.

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

TSE:2181 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 154,321.00 59,056.00 62,696.00
2019-09-30 158,260.00 58,033.00 57,989.00
2019-06-30 174,207.00 60,339.00 60,621.00
2019-03-31 170,924.00 60,793.00 69,029.00
2018-12-31 168,041.00 75,982.00 73,537.00
2018-09-30 163,223.00 76,980.00 74,136.00
2018-06-30 158,285.00 81,692.00 60,153.00
2018-03-31 159,991.00 105,641.00 89,624.00
2017-12-31 159,656.00 107,416.00 79,194.00
2017-09-30 160,913.00 22,770.00 81,306.00
2017-06-30 157,210.00 25,455.00 68,461.00
2017-03-31 153,815.00 25,510.00 69,439.00
2016-12-31 152,036.00 28,043.00 72,448.00
2016-09-30 147,764.00 28,223.00 65,291.00
2016-06-30 137,497.00 31,024.00 62,260.00
2016-03-31 133,500.00 31,271.00 51,227.00
2015-12-31 127,986.00 38,471.00 58,213.00
2015-09-30 124,307.00 32,496.00 53,033.00
2015-06-30 109,840.00 45,743.00 50,010.00
2015-03-31 103,968.00 48,457.00 60,645.00
2014-12-31 95,662.00 35,965.00 50,532.00
2014-09-30 92,858.00 35,963.00 41,864.00
2014-06-30 91,389.00 38,489.00 38,610.00
2014-03-31 89,802.00 38,343.00 36,292.00
2013-12-31 86,982.00 39,699.00 36,157.00
2013-09-30 83,771.00 39,487.00 30,023.00
2013-06-30 65,898.00 55,694.00 32,565.00
2013-03-31 64,454.00 16.00 44,225.00
  • Persol HoldingsLtd's level of debt (38.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (37.7% vs 38.3% today).
  • Debt is well covered by operating cash flow (50.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 127.6x coverage).
X
Financial health checks
We assess Persol 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. Persol 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.

Dividends

 What is Persol 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
1.72%
Current annual income from Persol HoldingsLtd dividends. Estimated to be 1.92% next year.
If you bought ¥2,000 of Persol HoldingsLtd shares you are expected to receive ¥34 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?
  • Persol HoldingsLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.39%).
  • Persol HoldingsLtd's dividend is below the markets top 25% of dividend payers in Japan (3.1%).
Upcoming dividend payment

Purchase Persol HoldingsLtd 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:2181 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Japan Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 1%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2974 Stocks 2.4%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.4%
Japan Top 25% Dividend Yield 75th Percentile 3.1%

Industry and Market average data is calculated daily.

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

TSE:2181 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 44.75 2.00
2023-03-31 36.83 3.00
2022-03-31 35.34 9.00
2021-03-31 31.63 9.00
2020-03-31 30.00 9.00
2020-02-20
TSE:2181 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-13 30.000 1.488
2019-11-12 30.000 1.445
2019-06-26 30.000 1.334
2019-05-15 30.000 1.261
2019-02-14 20.000 1.043
2018-11-12 20.000 1.059
2018-11-09 20.000 0.936
2018-06-27 20.000 0.833
2018-05-15 20.000 0.824
2018-02-14 18.000 0.641
2017-11-14 18.000 0.661
2017-11-13 18.000 0.647
2017-06-28 18.000 0.767
2017-05-15 18.000 0.814
2017-02-14 16.000 0.792
2017-02-13 16.000 0.792
2016-11-14 16.000 0.879
2016-11-11 16.000 0.950
2016-06-20 14.000 0.818
2016-05-13 14.000 0.819
2016-02-12 12.000 0.774
2015-11-11 12.000 0.671
2015-11-10 12.000 0.620
2015-08-11 12.000 0.684
2015-06-22 12.000 0.752
2015-05-12 12.000 0.838
2015-02-13 9.333 0.709
2014-11-12 9.333 0.760
2014-11-11 9.333 0.792
2014-06-23 9.333 0.834
2014-05-13 9.333 0.917
2014-02-13 6.667 0.720
2014-02-12 6.667 0.686
2013-11-13 6.667 0.717
2013-11-12 6.667 0.759
2013-06-24 6.667 0.825
2013-05-14 6.667 0.883
2013-02-14 5.333 0.959
2013-02-08 5.333 1.271
2012-11-14 5.333 1.468
2012-11-09 5.333 1.620
2012-08-10 5.333 1.695
2012-06-25 5.333 1.720
2012-05-14 5.333 1.856
2012-02-14 4.000 1.526
2012-02-09 4.000 1.551
2011-11-14 4.000 1.644
2011-11-07 4.000 1.661
2011-08-08 4.000 1.735
2011-06-24 4.000 1.645
2011-05-13 4.000 1.695
2011-02-14 4.000 1.633
2011-02-08 4.000 1.564
2010-11-12 4.000 1.583
2010-11-05 4.000 1.632
2010-06-25 4.000 1.623
2010-05-11 4.000 1.538
2010-02-12 4.000 1.623
2009-11-06 4.000 1.544
2009-08-07 4.000 1.486
2009-06-26 3.667 1.482
2009-06-19 4.000 1.563
2009-05-12 4.000 1.683

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 Persol HoldingsLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x 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 Persol HoldingsLtd'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 Persol HoldingsLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Persol 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.

Management

 What is the CEO of Persol 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
Masamichi Mizuta
COMPENSATION ¥102,000,000
AGE 59
TENURE AS CEO 3.8 years
CEO Bio

Mr. Masamichi Mizuta has been the President of Persol Holdings Co.,Ltd.(also known as Temp Holdings Co., Ltd.) since June 2013 and has been its Chief Executive Officer since April 1, 2016. Mr. Mizuta served as Managing Executive Officer at Persol Career Co., Ltd. He served as President at Tempstaff Co., Ltd. from June 2013 to April 5, 2016. He served as a Managing Director of Tempstaff Co., Ltd., since June 2005 and its General Manager of East Japan Operations Headquarters since April 2005. Mr. Mizuta served as Executive Vice President of Persol Holdings Co.,Ltd. and served as its Executive Managing Director. He served as the General Manager- Growth Strategies for Groups Headquarter at Persol Holdings Co.,Ltd. since April 2011. He served as Chief Director of Eastern Japan Sales at Tempstaff Co., Ltd. He served as Managing Director and General Manager, East Japan Operations Headquarters of Tempstaff Co., Ltd., since June 2005. He served as President and Representative Director of World Net Work Co., Ltd., since November 2004. He served as President and Representative Director of Tempstaff Technologies Co., Ltd., since April 2002. He joined Tempstaff Co., Ltd., as General Manager of Kawasaki Branch in July 1988 and joined Recruit Co., Ltd., in April 1984. He serves as a Non-Executive Director of Programmed Maintenance Services Limited. He has been an Executive Director of Tempstaff Co., Ltd., since June 2012. He has been Representative Director of Persol Holdings Co.,Ltd. since April 2011. He serves as a Director at Persol Career Co., Ltd.

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

Average tenure and age of the Persol HoldingsLtd management team in years:

3.8
Average Tenure
56
Average Age
  • The tenure for the Persol HoldingsLtd management team is about average.
Management Team

Masamichi Mizuta

TITLE
President
COMPENSATION
¥102M
AGE
59
TENURE
3.8 yrs

Kiyoshi Seki

TITLE
Executive Officer
TENURE
3.8 yrs

Hirotoshi Takahashi

TITLE
Deputy President
AGE
50
TENURE
3.8 yrs

Daisuke Hayashi

TITLE
Executive Officer and Governance
TENURE
1.1 yrs

Hirotaka Mino

TITLE
Executive Officer
TENURE
2.6 yrs

Takao Wada

TITLE
Senior Executive Officer
AGE
56
TENURE
3.8 yrs

Toshihiro Ozawa

TITLE
Executive Officer & Director

Kazunari Kimura

TITLE
Executive Officer and Temporary Staffing/BPO Seg & PERSOL Panasonic Group Business Officer
TENURE
3.8 yrs

Takayuki Yamazaki

TITLE
Executive Officer

Yu Senoo

TITLE
Executive Officer of Recruiting Segment & Doda Business Officer
TENURE
1.1 yrs
Board of Directors Tenure

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

3.8
Average Tenure
63
Average Age
  • The tenure for the Persol HoldingsLtd board of directors is about average.
Board of Directors

Masamichi Mizuta

TITLE
President
COMPENSATION
¥102M
AGE
59
TENURE
8.8 yrs

Yoshiko Shinohara

TITLE
Chairman Emeritus
AGE
85
TENURE
3.8 yrs

Kiyoshi Seki

TITLE
Executive Officer
TENURE
3.8 yrs

Hirotoshi Takahashi

TITLE
Deputy President
AGE
50
TENURE
6.7 yrs

Takao Wada

TITLE
Senior Executive Officer
AGE
56
TENURE
8.8 yrs

Toshihiro Ozawa

TITLE
Executive Officer & Director
TENURE
3.8 yrs

Ryosuke Tamakoshi

TITLE
External Director
AGE
72
TENURE
3.8 yrs

Hiroshi Shimazaki

TITLE
Director
AGE
63
TENURE
3.8 yrs

Naoshige Shindo

TITLE
External Director
AGE
70
TENURE
3.8 yrs

Naohiro Nishiguchi

TITLE
External Director
TENURE
3.8 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 Persol 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. Persol 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.

News

Simply Wall St News

Company Info

Description

Persol Holdings Co., Ltd. provides temporary staffing and placement services under the PERSOL brand worldwide. The company offers temporary staffing and BPO services; recruitment services; human resource management consulting, training, and equipment/facility maintenance services; and system solutions, outsourcing, sales and marketing, consulting, and RPA. It also provides engineering services, such as automobile/automobile part design and development, automobile-related certification testing, aerospace machinery development, industrial machinery/consumer equipment development, video/sound/media related device development, electric/electronics/regulation software development, and model-based design. In addition, the company offers talent management systems, employment of the disabled, and venture capital; and permanent placement services. The company was formerly known as Temp Holdings Co., Ltd. and changed its name to Persol Holdings Co., Ltd. in July 2017. The company was founded in 2008 and is headquartered in Tokyo, Japan.

Details
Name: Persol Holdings Co.,Ltd.
2181
Exchange: TSE
Founded: 2008
¥402,709,376,517
231,043,819
Website: http://www.persol-group.co.jp
Address: Persol Holdings Co.,Ltd.
1-15-5 Minami-Aoyama,
Minato-ku,
Tokyo,
107-0062,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2181 Common Shares The Tokyo Stock Exchange JP JPY 01. Oct 2008
OTCPK TEMP.F Common Shares Pink Sheets LLC US USD 01. Oct 2008
Number of employees
Current staff
Staff numbers
38,954
Persol HoldingsLtd employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 15:34
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2020/02/20
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.