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ASTMAX

JASDAQ:7162
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7162
JASDAQ
¥4B
Market Cap
  1. Home
  2. JP
  3. Diversified Financials
Company description

ASTMAX Co., Ltd. engages in asset management business for managing the assets of individual and institutional investors in Japan. The last earnings update was 75 days ago. More info.


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7162 Share Price and Events
7 Day Returns
1%
JASDAQ:7162
-1.7%
JP Capital Markets
-1.8%
JP Market
1 Year Returns
13.1%
JASDAQ:7162
-2.1%
JP Capital Markets
10.5%
JP Market
7162 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASTMAX (7162) 1% 1% -6.9% 13.1% -37.7% 10.3%
JP Capital Markets -1.7% 1.1% 7.4% -2.1% -0.9% -2.5%
JP Market -1.8% -1.1% 3.1% 10.5% 12.4% 24.9%
1 Year Return vs Industry and Market
  • 7162 outperformed the Capital Markets industry which returned -2.1% over the past year.
  • 7162 outperformed the Market in Japan which returned 10.5% over the past year.
Price Volatility
7162
Industry
5yr Volatility vs Market

7162 Value

 Is ASTMAX 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 ASTMAX 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 ASTMAX.

JASDAQ:7162 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ¥406.22 * 3.2%
¥12.81
Book Value of Equity per Share Median Book Value from the past 5 years. ¥406.22
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for JASDAQ:7162
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.786 (1 + (1- 30.86%) (119.54%))
1.292
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.292 * 6.33%)
8.09%

Discounted Cash Flow Calculation for JASDAQ:7162 using Excess Returns Model Model

The calculations below outline how an intrinsic value for ASTMAX is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

JASDAQ:7162 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.2% – 8.09%) * ¥406.22)
¥-20.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-20.05 / (8.09% - -0.09%)
¥-245.13
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥406.22 + ¥-245.13
¥161.09
JASDAQ:7162 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥161.09
Current discount Discount to share price of ¥311.00
= -1 x (¥311.00 - ¥161.09) / ¥161.09
-93.1%

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

  • The current share price of ASTMAX is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASTMAX's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASTMAX's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JASDAQ:7162 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥56.84
JASDAQ:7162 Share Price ** JASDAQ (2020-01-28) in JPY ¥311
Japan Capital Markets Industry PE Ratio Median Figure of 27 Publicly-Listed Capital Markets Companies 14.34x
Japan Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 15.74x

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

** Primary Listing of ASTMAX.

JASDAQ:7162 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JASDAQ:7162 Share Price ÷ EPS (both in JPY)

= 311 ÷ 56.84

5.47x

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

  • ASTMAX is good value based on earnings compared to the JP Capital Markets industry average.
  • ASTMAX is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does ASTMAX's expected growth come at a high price?
Raw Data
JASDAQ:7162 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.4x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.83x

*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 ASTMAX, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ASTMAX's assets?
Raw Data
JASDAQ:7162 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥447.64
JASDAQ:7162 Share Price * JASDAQ (2020-01-28) in JPY ¥311
Japan Capital Markets Industry PB Ratio Median Figure of 38 Publicly-Listed Capital Markets Companies 0.8x
Japan Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.14x
JASDAQ:7162 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:7162 Share Price ÷ Book Value per Share (both in JPY)

= 311 ÷ 447.64

0.69x

* Primary Listing of ASTMAX.

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

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

7162 Future Performance

 How is ASTMAX 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 ASTMAX 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
13.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASTMAX expected to grow at an attractive rate?
  • Unable to compare ASTMAX's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ASTMAX's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare ASTMAX's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JASDAQ:7162 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
Japan Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
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
JASDAQ:7162 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:7162 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JASDAQ:7162 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 11,788 25 748
2019-06-30 10,860 721
2019-03-31 11,120 -61 168
2018-12-31 10,388 341
2018-09-30 9,263 1,108 236
2018-06-30 7,255 217
2018-03-31 6,186 801 162
2017-12-31 4,572 -130
2017-09-30 4,002 618 -101
2017-06-30 3,749 -68
2017-03-31 3,522 367 2
2016-12-31 3,339 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ASTMAX is high growth as no earnings estimate data is available.
  • Unable to determine if ASTMAX 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:7162 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 ASTMAX Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:7162 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JASDAQ:7162 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 56.84
2019-06-30 54.79
2019-03-31 12.77
2018-12-31 25.91
2018-09-30 17.93
2018-06-30 16.49
2018-03-31 12.31
2017-12-31 -9.88
2017-09-30 -7.67
2017-06-30 -5.17
2017-03-31 0.15
2016-12-31 5.70

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

Next steps:

  1. Examine whether ASTMAX is trading at ASTMAX'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. ASTMAX'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 Diversified Financials 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 ASTMAX'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.
ASTMAX 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.

7162 Past Performance

  How has ASTMAX 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 ASTMAX's growth in the last year to its industry (Capital Markets).
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.
  • ASTMAX's year on year earnings growth rate has been positive over the past 5 years.
  • ASTMAX's 1-year earnings growth exceeds its 5-year average (216.9% vs 3.9%)
  • ASTMAX's earnings growth has exceeded the JP Capital Markets industry average in the past year (216.9% vs -23.4%).
Earnings and Revenue History
ASTMAX'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 ASTMAX Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:7162 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 11,788.00 748.00 10,685.00
2019-06-30 10,860.00 721.00 10,673.00
2019-03-31 11,120.00 168.00 10,673.00
2018-12-31 10,388.00 341.00 5,685.00
2018-09-30 9,263.00 236.00 5,685.00
2018-06-30 7,255.00 217.00 5,685.00
2018-03-31 6,186.00 162.00 5,685.00
2017-12-31 4,572.00 -130.00 3,040.00
2017-09-30 4,002.00 -101.00 3,040.00
2017-06-30 3,749.00 -68.00 3,040.00
2017-03-31 3,522.00 2.00 3,040.00
2016-12-31 3,339.00 75.00 2,558.00
2016-09-30 3,308.00 174.00 2,558.00
2016-06-30 3,116.00 174.00 2,558.00
2016-03-31 3,035.00 159.00 2,558.00
2015-12-31 3,094.00 187.00 3,722.00
2015-09-30 3,213.00 213.00 3,722.00
2015-06-30 4,148.00 425.00 3,722.00
2015-03-31 4,401.00 512.00 3,722.00
2014-12-31 3,902.00 319.00 427.00
2014-09-30 4,340.00 445.00 1,578.00
2014-06-30 3,009.00 68.00 2,054.00
2014-03-31 2,619.00 -115.00 2,651.00
2013-12-31 3,030.00 82.00 2,895.00
2013-03-31 1,925.00 -4.00 1,868.00

*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.
  • ASTMAX has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ASTMAX used its assets more efficiently than the JP Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if ASTMAX 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 ASTMAX'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 Capital Markets 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.
ASTMAX 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.

7162 Health

 How is ASTMAX'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 ASTMAX's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASTMAX is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ASTMAX's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ASTMAX'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 1.3x 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 ASTMAX Company Filings, last reported 3 months ago.

JASDAQ:7162 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 6,187.00 4,877.00 3,807.00
2019-06-30 6,160.00 5,052.00 3,664.00
2019-03-31 5,993.00 4,289.00 3,143.00
2018-12-31 5,898.00 4,541.00 3,467.00
2018-09-30 5,817.00 3,791.00 2,948.00
2018-06-30 5,801.00 3,686.00 3,077.00
2018-03-31 5,941.00 3,813.00 3,443.00
2017-12-31 5,706.00 4,255.00 2,565.00
2017-09-30 5,746.00 4,319.00 3,113.00
2017-06-30 5,751.00 4,602.00 3,456.00
2017-03-31 5,986.00 4,585.00 3,685.00
2016-12-31 5,972.00 4,681.00 3,830.00
2016-09-30 4,781.00 4,590.00 2,089.00
2016-06-30 4,435.00 3,834.00 1,806.00
2016-03-31 4,458.00 3,944.00 2,056.00
2015-12-31 4,408.00 3,418.00 1,434.00
2015-09-30 4,320.00 2,747.00 1,614.00
2015-06-30 4,310.00 1,331.00 1,725.00
2015-03-31 4,449.00 1,154.00 1,831.00
2014-12-31 4,367.00 436.00 1,434.00
2014-09-30 4,251.00 759.00 2,334.00
2014-06-30 4,030.00 684.00 1,238.00
2014-03-31 3,934.00 501.00 1,394.00
2013-12-31 4,049.00 246.00 1,136.00
2013-03-31 4,052.00 490.00 1,370.00
  • ASTMAX's level of debt (78.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.8% vs 78.8% today).
  • Debt is not well covered by operating cash flow (0.5%, less than 20% of total debt).
  • Unable to confirm if the interest payments on ASTMAX's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess ASTMAX'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. ASTMAX has a total score of 2/6, 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.

7162 Dividends

 What is ASTMAX'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
3.54%
Current annual income from ASTMAX dividends.
If you bought ¥2,000 of ASTMAX shares you are expected to receive ¥71 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?
  • ASTMAX's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • ASTMAX's dividend is above the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment

Purchase ASTMAX 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
JASDAQ:7162 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2975 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

JASDAQ:7162 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
JASDAQ:7162 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 11.000 3.526
2019-05-15 11.000 3.947
2018-06-28 11.000 3.537
2018-05-15 11.000 2.937
2017-06-29 0.050 0.012
2017-05-15 0.050 0.011
2016-06-27 4.000 1.063
2016-05-13 4.000 1.663
2015-06-29 11.800 3.936
2015-05-13 11.800 3.207
2014-02-14 0.000 0.000
2014-01-31 0.000 0.000
2013-11-14 0.000 0.000
2013-10-30 0.000 0.000
2013-08-14 0.000 0.000
2013-07-30 0.000 0.000
2013-06-27 0.000 0.000
2013-05-14 0.000 0.000

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

  • ASTMAX has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • ASTMAX has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of ASTMAX's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (14x 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 ASTMAX'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 ASTMAX afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASTMAX 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.

7162 Management

 What is the CEO of ASTMAX'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
Hideaki Ushijima
AGE 64
CEO Bio

Mr. Hideaki Ushijima serves as the Co-Chief Executive Officer of ASTMAX Co., Ltd. Mr. Ushijima has been the Chairman of ASTMAX Co., Ltd. since July 2010.

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

Hideaki Ushijima

TITLE
Chairman & Co-CEO
AGE
64

Hiroaki Honda

TITLE
President
AGE
63

Kentaro Obata

TITLE
MD & Director
AGE
53
TENURE
17.7 yrs
Board of Directors Tenure

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

7.3
Average Tenure
63
Average Age
  • The tenure for the ASTMAX board of directors is about average.
Board of Directors

Hideaki Ushijima

TITLE
Chairman & Co-CEO
AGE
64
TENURE
9.5 yrs

Hiroaki Honda

TITLE
President
AGE
63
TENURE
7.3 yrs

Kentaro Obata

TITLE
MD & Director
AGE
53

Masaji Hashimoto

TITLE
Director
TENURE
2.3 yrs

Yoshihito Kosaka

TITLE
Corporate Auditor
AGE
64
TENURE
7.3 yrs

Ichiro Tsukakoshi

TITLE
Corporate Auditor
AGE
61

Takahiko Morita

TITLE
Corporate Auditor
TENURE
2.3 yrs

Kunio Fujimoto

TITLE
Corporate Auditor
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 ASTMAX'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. ASTMAX 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.

7162 News

Simply Wall St News

7162 Company Info

Description

ASTMAX Co., Ltd. engages in asset management business for managing the assets of individual and institutional investors in Japan. It is also involved in the solar and geothermal power generation activities; electricity trading, including procurement and supply of electricity; and provision of management systems to retail electric utilities. ASTMAX Co., Ltd. was founded in 1992 and is based in Tokyo, Japan.

Details
Name: ASTMAX Co., Ltd.
7162
Exchange: JASDAQ
Founded: 1992
¥4,079,758,956
13,118,196
Website: http://www.astmax.com
Address: ASTMAX Co., Ltd.
Higashigotanda Square,
5th Floor,
Tokyo,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 7162 Common Stock TSE JASDAQ JP JPY 01. Oct 2012
Number of employees
Current staff
Staff numbers
89
ASTMAX employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 15:30
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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

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