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Sato Foods Industries

JASDAQ:2814
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2814
JASDAQ
¥10B
Market Cap
  1. Home
  2. JP
  3. Food, Beverage & Tobacco
Company description

Sato Foods Industries Co., Ltd. manufactures and sells tea extracts, plant extracts, naturally derived flavorings, and powdered alcohol in Japan and internationally. The last earnings update was 51 days ago. More info.


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2814 Share Price and Events
7 Day Returns
7.5%
JASDAQ:2814
13.6%
JP Food
13.5%
JP Market
1 Year Returns
8.9%
JASDAQ:2814
-5.1%
JP Food
-8.2%
JP Market
2814 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sato Foods Industries (2814) 7.5% 0.5% -2.7% 8.9% 4.6% 60%
JP Food 13.6% 7.1% -2.1% -5.1% -1.1% 6.2%
JP Market 13.5% -7.4% -15.9% -8.2% -3.2% -3.9%
1 Year Return vs Industry and Market
  • 2814 outperformed the Food industry which returned -5.1% over the past year.
  • 2814 outperformed the Market in Japan which returned -8.2% over the past year.
Price Volatility
2814
Industry
5yr Volatility vs Market

Value

 Is Sato Foods Industries 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 Sato Foods Industries 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 Sato Foods Industries.

JASDAQ:2814 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 5%
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:2814
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 30.86%) (6.8%))
0.724
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.8 * 6.33%)
4.97%

Discounted Cash Flow Calculation for JASDAQ:2814 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sato Foods Industries 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:2814 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 4.97%)
2020 1,164.24 Est @ 1.39% 1,109.07
2021 1,175.28 Est @ 0.95% 1,066.54
2022 1,182.77 Est @ 0.64% 1,022.48
2023 1,187.72 Est @ 0.42% 978.11
2024 1,190.88 Est @ 0.27% 934.24
2025 1,192.78 Est @ 0.16% 891.40
2026 1,193.79 Est @ 0.08% 849.88
2027 1,194.17 Est @ 0.03% 809.87
2028 1,194.12 Est @ -0% 771.46
2029 1,193.76 Est @ -0.03% 734.68
Present value of next 10 years cash flows ¥9,167.00
JASDAQ:2814 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥1,193.76 × (1 + -0.09%) ÷ (4.97% – -0.09%)
¥23,552.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥23,552.27 ÷ (1 + 4.97%)10
¥14,494.90
JASDAQ:2814 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥9,167.00 + ¥14,494.90
¥23,661.90
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥23,661.90 / 6.25
¥3785.9
JASDAQ:2814 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥3,785.90
Current discount Discount to share price of ¥1,600.00
= -1 x (¥1,600.00 - ¥3,785.90) / ¥3,785.90
57.7%

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

Current Discount
Amount off the current price Sato Foods Industries is available for.
Intrinsic value
>50%
Share price is ¥1600 vs Future cash flow value of ¥3785.9
Current Discount Checks
For Sato Foods Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sato Foods Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sato Foods Industries'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 Sato Foods Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sato Foods Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JASDAQ:2814 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥286.26
JASDAQ:2814 Share Price ** JASDAQ (2020-03-27) in JPY ¥1600
Japan Food Industry PE Ratio Median Figure of 102 Publicly-Listed Food Companies 17.01x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 12.77x

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

** Primary Listing of Sato Foods Industries.

JASDAQ:2814 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JASDAQ:2814 Share Price ÷ EPS (both in JPY)

= 1600 ÷ 286.26

5.59x

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

  • Sato Foods Industries is good value based on earnings compared to the JP Food industry average.
  • Sato Foods Industries is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Sato Foods Industries's expected growth come at a high price?
Raw Data
JASDAQ:2814 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Food Industry PEG Ratio Median Figure of 47 Publicly-Listed Food Companies 3.21x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.4x

*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 Sato Foods Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sato Foods Industries's assets?
Raw Data
JASDAQ:2814 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,813.77
JASDAQ:2814 Share Price * JASDAQ (2020-03-27) in JPY ¥1600
Japan Food Industry PB Ratio Median Figure of 115 Publicly-Listed Food Companies 1.04x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.89x
JASDAQ:2814 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:2814 Share Price ÷ Book Value per Share (both in JPY)

= 1600 ÷ 2,813.77

0.57x

* Primary Listing of Sato Foods Industries.

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

  • Sato Foods Industries is good value based on assets compared to the JP Food industry average.
X
Value checks
We assess Sato Foods Industries'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Sato Foods Industries has a total score of 5/6, 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 Sato Foods Industries 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 Sato Foods Industries 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
7.5%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sato Foods Industries expected to grow at an attractive rate?
  • Unable to compare Sato Foods Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sato Foods Industries's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Sato Foods Industries's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JASDAQ:2814 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Food Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
Japan Food Industry Revenue Growth Rate Market Cap Weighted Average 2%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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:2814 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:2814 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 6,980 1,790
2019-09-30 6,898 1,354 682
2019-06-30 6,835 719
2019-03-31 6,850 977 727
2018-12-31 6,671 776
2018-09-30 6,762 1,103 936
2018-06-30 6,740 953
2018-03-31 6,640 1,323 954
2017-12-31 6,563 891
2017-09-30 6,340 1,060 823
2017-06-30 6,255 829
2017-03-31 6,152 761 810

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sato Foods Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Sato Foods Industries 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:2814 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sato Foods Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:2814 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 286.26
2019-09-30 109.12
2019-06-30 115.10
2019-03-31 116.38
2018-12-31 124.23
2018-09-30 149.84
2018-06-30 152.56
2018-03-31 152.72
2017-12-31 142.64
2017-09-30 131.75
2017-06-30 132.71
2017-03-31 129.66

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

Next steps:

  1. Examine whether Sato Foods Industries is trading at Sato Foods Industries'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. Sato Foods Industries'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 Food, Beverage & Tobacco 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 Sato Foods Industries'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.
Sato Foods Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Sato Foods Industries 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 Sato Foods Industries's growth in the last year to its industry (Food).
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.
  • Sato Foods Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Sato Foods Industries's 1-year earnings growth exceeds its 5-year average (130.7% vs 32.2%)
  • Sato Foods Industries's earnings growth has exceeded the JP Food industry average in the past year (130.7% vs -1.5%).
Earnings and Revenue History
Sato Foods Industries'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 Sato Foods Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:2814 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 6,980.00 1,790.00 611.00 194.00
2019-09-30 6,898.00 682.00 616.00 194.00
2019-06-30 6,835.00 719.00 614.00 194.00
2019-03-31 6,850.00 727.00 621.00 194.00
2018-12-31 6,671.00 776.00 627.00 186.00
2018-09-30 6,762.00 936.00 614.00 186.00
2018-06-30 6,740.00 953.00 603.00 186.00
2018-03-31 6,640.00 954.00 592.00 186.00
2017-12-31 6,563.00 891.00 592.00 187.00
2017-09-30 6,340.00 823.00 596.00 187.00
2017-06-30 6,255.00 829.00 583.00 187.00
2017-03-31 6,152.00 810.00 580.00 187.00
2016-12-31 6,124.00 648.00 586.00 185.00
2016-09-30 6,123.00 489.00 568.00 185.00
2016-06-30 6,038.00 340.00 553.00 185.00
2016-03-31 5,885.00 180.00 540.00 185.00
2015-12-31 5,843.00 217.00 534.00 188.00
2015-09-30 5,819.00 204.00 518.00 188.00
2015-06-30 5,775.00 205.00 473.00 188.00
2015-03-31 5,740.00 190.00 471.00 188.00
2014-12-31 5,797.00 169.00 464.00 188.00
2014-09-30 5,791.00 147.00 473.00 188.00
2014-06-30 5,831.00 135.00 514.00 188.00
2014-03-31 5,900.00 147.00 399.00 188.00
2013-12-31 5,747.00 -248.00 412.00 185.00
2013-09-30 5,821.00 -64.00 416.00 185.00
2013-06-30 5,771.00 -6.00 413.00 185.00
2013-03-31 5,866.00 168.00 353.00 185.00

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

Health

 How is Sato Foods Industries'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 Sato Foods Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sato Foods Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sato Foods Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sato Foods Industries'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 15.8x 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 Sato Foods Industries Company Filings, last reported 2 months ago.

JASDAQ:2814 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 17,614.00 680.00 7,506.00
2019-09-30 16,383.00 680.00 7,411.00
2019-06-30 16,267.00 680.00 7,108.00
2019-03-31 16,071.00 680.00 6,928.00
2018-12-31 15,866.00 721.00 6,361.00
2018-09-30 15,866.00 721.00 6,350.00
2018-06-30 15,725.00 720.00 6,218.00
2018-03-31 15,557.00 751.00 6,321.00
2017-12-31 15,488.00 720.00 5,923.00
2017-09-30 15,192.00 692.00 5,731.00
2017-06-30 14,967.00 695.00 5,491.00
2017-03-31 14,820.00 696.00 5,246.00
2016-12-31 14,652.00 693.00 4,867.00
2016-09-30 14,343.00 695.00 4,974.00
2016-06-30 14,087.00 690.00 4,742.00
2016-03-31 14,078.00 693.00 4,872.00
2015-12-31 14,227.00 695.00 4,499.00
2015-09-30 14,206.00 696.00 4,387.00
2015-06-30 14,210.00 604.00 4,420.00
2015-03-31 14,116.00 601.00 4,778.00
2014-12-31 13,965.00 500.00 4,361.00
2014-09-30 13,947.00 506.00 4,439.00
2014-06-30 13,879.00 501.00 4,416.00
2014-03-31 13,932.00 502.00 4,888.00
2013-12-31 13,872.00 506.00 4,308.00
2013-09-30 13,920.00 500.00 4,252.00
2013-06-30 13,883.00 501.00 3,914.00
2013-03-31 13,941.00 502.00 4,124.00
  • Sato Foods Industries's level of debt (3.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.6% vs 3.9% today).
  • Debt is well covered by operating cash flow (199.1%, greater than 20% of total debt).
  • Sato Foods Industries earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sato Foods Industries'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. Sato Foods Industries 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 Sato Foods Industries'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
0%
Current annual income from Sato Foods Industries dividends.
If you bought ¥2,000 of Sato Foods Industries shares you are expected to receive ¥0 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?
  • Unable to evaluate Sato Foods Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sato Foods Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Upcoming dividend payment

Purchase Sato Foods Industries 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:2814 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 Food Industry Average Dividend Yield Market Cap Weighted Average of 107 Stocks 1.5%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2985 Stocks 2.7%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.9%
Japan Bottom 25% Dividend Yield 25th Percentile 1.6%
Japan Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

JASDAQ:2814 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2012-05-11 30.000 3.137
2012-02-10 30.000 2.841
2012-02-03 30.000 2.776
2011-11-11 30.000 2.539
2011-11-04 30.000 2.452
2011-08-05 30.000 2.320
2011-06-30 30.000 2.381
2011-05-13 30.000 2.666
2011-02-10 30.000 2.606
2011-02-04 30.000 2.721
2010-11-12 30.000 2.845
2010-11-05 30.000 2.951
2010-06-30 30.000 2.788
2010-05-14 30.000 2.958
2010-02-12 30.000 2.889
2010-02-05 30.000 2.847
2009-11-13 30.000 2.932
2009-11-06 30.000 2.849
2009-06-29 30.000 2.814

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

  • Unable to perform a dividend volatility check as Sato Foods Industries has not reported any payouts.
  • Unable to verify if Sato Foods Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sato Foods Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sato Foods Industries has not reported any payouts.
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 Sato Foods Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Sato Foods Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sato Foods Industries has a total score of 0/6, 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 Sato Foods Industries'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
Kunio Shimizu
AGE 71
TENURE AS CEO 1.2 years
CEO Bio

Mr. Kunio Shimizu serves as President of Sato Foods Industries Co., Ltd. since 2019. He was Managing Director of Sato Foods Industries Co., Ltd. since June 30, 2017 until 2019. Mr. Shimizu has been an Director of Sato Foods Industries Co., Ltd. since June 2015.

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

Average tenure and age of the Sato Foods Industries management team in years:

2.8
Average Tenure
65
Average Age
  • The tenure for the Sato Foods Industries management team is about average.
Management Team

Kunio Shimizu

TITLE
President & Director
AGE
71
TENURE
1.2 yrs

Takeshi Matsuoka

TITLE
Chief of Purchasing Section

Masahiro Ueda

TITLE
Manager of Administrative Department & Executive Director
AGE
49

Yukio Sakuraki

TITLE
Chief of ISO Promotion Office

Yoshihiro Aita

TITLE
Chief of Development Planning Office

Kenji Hasegawa

TITLE
Senior Advisor & Director
AGE
76
TENURE
2.8 yrs

Akihito Kawaide

TITLE
Manager of Quality Assurance Department and Director
AGE
59
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the Sato Foods Industries board of directors in years:

5.8
Average Tenure
65.5
Average Age
  • The tenure for the Sato Foods Industries board of directors is about average.
Board of Directors

Kunio Shimizu

TITLE
President & Director
AGE
71
TENURE
4.8 yrs

Masahiro Ueda

TITLE
Manager of Administrative Department & Executive Director
AGE
49
TENURE
4.8 yrs

Muneyuki Suzuki

TITLE
Director
AGE
55
TENURE
13.8 yrs

Kenji Hasegawa

TITLE
Senior Advisor & Director
AGE
76
TENURE
8.8 yrs

Akihito Kawaide

TITLE
Manager of Quality Assurance Department and Director
AGE
59
TENURE
9.4 yrs

Hirofumi Hata

TITLE
Outside Director
AGE
68
TENURE
2.8 yrs

Masakatsu Kushida

TITLE
External Auditor
AGE
69
TENURE
8.8 yrs

Yasutoshi Kakimi

TITLE
Statutory Auditor
AGE
63
TENURE
5.8 yrs

Jyunji Inaishi

TITLE
Outside Auditor
TENURE
1.2 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 Sato Foods Industries'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. Sato Foods Industries 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

Sato Foods Industries Co., Ltd. manufactures and sells tea extracts, plant extracts, naturally derived flavorings, and powdered alcohol in Japan and internationally. Its powdered alcohol is used in snacks, premixes, drinks, soups, processed seafood and livestock foods, prepared meals, pickles, foods boiled in soy sauce, processed agricultural foods, etc.; and plant extracts are used in fruit juice powders, vegetable powders, and coffee extracts. The company’s powdered tea extracts are used in instant teas, tea machines and cup vending machines, health foods, cakes, and various types of general food processing; and naturally derived flavorings are used in noodle broths, sauces, soups, dressings, Chinese noodles, snacks, oden, pickles, prepared dishes, etc. Sato Foods Industries Co., Ltd. was founded in 1950 and is headquartered in Komaki, Japan.

Details
Name: Sato Foods Industries Co., Ltd.
2814
Exchange: JASDAQ
Founded: 1950
¥10,000,000,000
6,250,000
Website: http://www.sato-foods.co.jp
Address: Sato Foods Industries Co., Ltd.
4-154 Horinouchi,
Komaki,
Aichi, 485-8523,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 2814 Common Stock TSE JASDAQ JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
174
Sato Foods Industries employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 15:10
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/02/07
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.