Loading...

We've got a brand new version of Simply Wall St! Try it out

Chubu-Nippon Broadcasting

NSE:9402
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9402
NSE
¥17B
Market Cap
Add to portfolio
  1. Home
    2. ›
  2. JP
    3. ›
  3. Media
Last updated 2019/12/14 14:33
Company description

Chubu-Nippon Broadcasting Co., Ltd., through its subsidiaries, engages in the television and radio broadcasting businesses in Japan and internationally. The last earnings update was 36 days ago. More info.

Find similar companies

Add to Portfolio Compare Print
9402 Share Price and Events
7 Day Returns
-0.3%
NSE:9402
1.8%
JP Media
0.7%
JP Market
1 Year Returns
-18.3%
NSE:9402
-11.1%
JP Media
8.7%
JP Market
9402 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chubu-Nippon Broadcasting (9402) -0.3% -0.5% -1.3% -18.3% -13.7% 5.2%
JP Media 1.8% 4.1% 5.4% -11.1% -4.2% 4.7%
JP Market 0.7% 1.7% 7.3% 8.7% 13.1% 26.1%
1 Year Return vs Industry and Market
  • 9402 underperformed the Media industry which returned -11.1% over the past year.
  • 9402 underperformed the Market in Japan which returned 8.7% over the past year.
Price Volatility
9402
Industry
5yr Volatility vs Market

9402 Value

 Is Chubu-Nippon Broadcasting 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 Chubu-Nippon Broadcasting 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 Chubu-Nippon Broadcasting.

NSE:9402 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 5.2%
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 NSE:9402
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.765 (1 + (1- 30.86%) (0%)) 		0.843
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.843 * 6.33%) 		5.24%

Discounted Cash Flow Calculation for NSE:9402 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chubu-Nippon Broadcasting 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.

NSE:9402 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.24%)
2020 885.54 Est @ 31.61% 841.41
2021 1,081.23 Est @ 22.1% 976.15
2022 1,248.20 Est @ 15.44% 1,070.73
2023 1,382.79 Est @ 10.78% 1,127.07
2024 1,486.78 Est @ 7.52% 1,151.45
2025 1,564.66 Est @ 5.24% 1,151.36
2026 1,621.60 Est @ 3.64% 1,133.80
2027 1,662.47 Est @ 2.52% 1,104.45
2028 1,691.35 Est @ 1.74% 1,067.64
2029 1,711.47 Est @ 1.19% 1,026.50
Present value of next 10 years cash flows ¥10,650.00
NSE:9402 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥1,711.47 × (1 + -0.09%) ÷ (5.24% – -0.09%) 		¥32,051.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥32,051.81 ÷ (1 + 5.24%)10 		¥19,223.95
NSE:9402 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥10,650.00 + ¥19,223.95 		¥29,873.95
Equity Value per Share
(JPY)		 = Total value / Shares Outstanding
= ¥29,873.95 / 26.40 		¥1131.65
NSE:9402 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,131.65
Current discount Discount to share price of ¥632.00
= -1 x (¥632.00 - ¥1,131.65) / ¥1,131.65 		44.2%

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

Current Discount
Amount off the current price Chubu-Nippon Broadcasting is available for.
Intrinsic value
44%
Share price is ¥632 vs Future cash flow value of ¥1131.65
Current Discount Checks
For Chubu-Nippon Broadcasting to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chubu-Nippon Broadcasting's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chubu-Nippon Broadcasting'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 Chubu-Nippon Broadcasting's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chubu-Nippon Broadcasting's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSE:9402 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥57.01
NSE:9402 Share Price ** NSE (2019-12-13) in JPY ¥632
Japan Media Industry PE Ratio Median Figure of 78 Publicly-Listed Media Companies 20.75x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 15.61x

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

** Primary Listing of Chubu-Nippon Broadcasting.

NSE:9402 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSE:9402 Share Price ÷ EPS (both in JPY)

= 632 ÷ 57.01

 11.09x

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

  • Chubu-Nippon Broadcasting is good value based on earnings compared to the JP Media industry average.
  • Chubu-Nippon Broadcasting is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Chubu-Nippon Broadcasting's expected growth come at a high price?
Raw Data
NSE:9402 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 Not available
Japan Media Industry PEG Ratio Median Figure of 33 Publicly-Listed Media Companies 1.74x
Japan Market PEG Ratio Median Figure of 1,369 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Chubu-Nippon Broadcasting, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chubu-Nippon Broadcasting's assets?
Raw Data
NSE:9402 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥2,039.43
NSE:9402 Share Price * NSE (2019-12-13) in JPY ¥632
Japan Media Industry PB Ratio Median Figure of 93 Publicly-Listed Media Companies 1.75x
Japan Market PB Ratio Median Figure of 3,529 Publicly-Listed Companies 1.14x
NSE:9402 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSE:9402 Share Price ÷ Book Value per Share (both in JPY)

= 632 ÷ 2,039.43

 0.31x

* Primary Listing of Chubu-Nippon Broadcasting.

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

  • Chubu-Nippon Broadcasting is good value based on assets compared to the JP Media industry average.
Show me more potentially undervalued companies in the Media industry
X
Value checks
We assess Chubu-Nippon Broadcasting'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 Media 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 Media industry average (and greater than 0)? (1 check)
    5. Chubu-Nippon Broadcasting 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.

9402 Future Performance

 How is Chubu-Nippon Broadcasting 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 Chubu-Nippon Broadcasting 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
12.8%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chubu-Nippon Broadcasting expected to grow at an attractive rate?
  • Unable to compare Chubu-Nippon Broadcasting's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Chubu-Nippon Broadcasting's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Chubu-Nippon Broadcasting's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSE:9402 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Media Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
Japan Media Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
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
NSE:9402 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.
NSE:9402 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSE:9402 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 33,942 3,283 1,505
2019-06-30 34,229 1,690
2019-03-31 34,046 2,853 1,693
2018-12-31 33,788 1,727
2018-09-30 34,049 3,026 1,785
2018-06-30 33,819 1,832
2018-03-31 33,937 2,340 1,971
2017-12-31 34,101 1,986
2017-09-30 33,865 2,478 2,030
2017-06-30 33,754 2,080
2017-03-31 33,850 3,982 2,051
2016-12-31 33,918 1,905

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Chubu-Nippon Broadcasting is high growth as no earnings estimate data is available.
  • Unable to determine if Chubu-Nippon Broadcasting 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
NSE:9402 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 Chubu-Nippon Broadcasting Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSE:9402 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSE:9402 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 57.01
2019-06-30 64.02
2019-03-31 64.13
2018-12-31 65.42
2018-09-30 67.62
2018-06-30 69.40
2018-03-31 74.66
2017-12-31 75.23
2017-09-30 76.90
2017-06-30 78.79
2017-03-31 77.70
2016-12-31 72.16

*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 Chubu-Nippon Broadcasting will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Chubu-Nippon Broadcasting is trading at Chubu-Nippon Broadcasting'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. Chubu-Nippon Broadcasting'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 Media 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 Chubu-Nippon Broadcasting'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.
Chubu-Nippon Broadcasting 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.

9402 Past Performance

  How has Chubu-Nippon Broadcasting 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 Chubu-Nippon Broadcasting's growth in the last year to its industry (Media).
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.
  • Chubu-Nippon Broadcasting's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Chubu-Nippon Broadcasting's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chubu-Nippon Broadcasting's 1-year earnings growth is negative, it can't be compared to the JP Media industry average.
Earnings and Revenue History
Chubu-Nippon Broadcasting'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 Chubu-Nippon Broadcasting Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSE:9402 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 33,942.00 1,505.00 12,972.00
2019-06-30 34,229.00 1,690.00 13,141.00
2019-03-31 34,046.00 1,693.00 13,209.00
2018-12-31 33,788.00 1,727.00 13,246.00
2018-09-30 34,049.00 1,785.00 13,299.00
2018-06-30 33,819.00 1,832.00 13,304.00
2018-03-31 33,937.00 1,971.00 13,266.00
2017-12-31 34,101.00 1,986.00 13,401.00
2017-09-30 33,865.00 2,030.00 13,347.00
2017-06-30 33,754.00 2,080.00 13,333.00
2017-03-31 33,850.00 2,051.00 13,307.00
2016-12-31 33,918.00 1,905.00 13,244.00
2016-09-30 33,689.00 2,456.00 13,177.00
2016-06-30 33,845.00 2,390.00 13,073.00
2016-03-31 33,375.00 2,298.00 13,004.00
2015-12-31 32,647.00 2,295.00 12,697.00
2015-09-30 32,353.00 1,402.00 12,600.00
2015-06-30 31,895.00 1,253.00 12,580.00
2015-03-31 32,161.00 1,312.00 12,713.00
2014-12-31 32,403.00 1,345.00 12,804.00
2014-09-30 32,471.00 1,410.00 12,827.00
2014-06-30 32,362.00 1,335.00 12,854.00
2014-03-31 32,350.00 1,181.00 12,818.00
2013-12-31 32,286.00 1,187.00 12,811.00
2013-09-30 32,247.00 1,156.00 12,788.00
2013-06-30 32,398.00 1,130.00 12,754.00
2013-03-31 32,448.00 1,334.00 12,721.00
2012-12-31 32,404.00 1,403.00 12,679.00

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

9402 Health

 How is Chubu-Nippon Broadcasting'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 Chubu-Nippon Broadcasting's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chubu-Nippon Broadcasting is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chubu-Nippon Broadcasting's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chubu-Nippon Broadcasting'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.
  • Chubu-Nippon Broadcasting has no debt, it does not need to be covered by short term assets.
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 Chubu-Nippon Broadcasting Company Filings, last reported 2 months ago.

NSE:9402 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 54,670.00 0.00 11,167.00
2019-06-30 54,819.00 0.00 10,435.00
2019-03-31 55,447.00 0.00 10,841.00
2018-12-31 54,713.00 0.00 10,062.00
2018-09-30 55,919.00 0.00 11,471.00
2018-06-30 55,622.00 0.00 9,529.00
2018-03-31 55,461.00 0.00 10,498.00
2017-12-31 56,126.00 0.00 9,432.00
2017-09-30 53,780.00 0.00 9,959.00
2017-06-30 53,204.00 0.00 10,081.00
2017-03-31 52,804.00 0.00 12,227.00
2016-12-31 52,246.00 0.00 14,684.00
2016-09-30 49,878.00 0.00 14,655.00
2016-06-30 48,963.00 0.00 13,246.00
2016-03-31 49,909.00 0.00 14,886.00
2015-12-31 52,257.00 0.00 14,501.00
2015-09-30 50,082.00 0.00 14,697.00
2015-06-30 50,834.00 0.00 12,649.00
2015-03-31 48,078.00 0.00 15,330.00
2014-12-31 46,740.00 0.00 14,117.00
2014-09-30 45,683.00 0.00 15,005.00
2014-06-30 45,482.00 0.00 14,246.00
2014-03-31 45,011.00 0.00 16,162.00
2013-12-31 48,691.00 0.00 12,514.00
2013-09-30 47,761.00 0.00 13,411.00
2013-06-30 47,544.00 0.00 12,952.00
2013-03-31 47,183.00 0.00 14,915.00
2012-12-31 45,595.00 0.00 14,448.00
  • Chubu-Nippon Broadcasting has no debt.
  • Chubu-Nippon Broadcasting has not taken on any debt in the past 5 years.
  • Chubu-Nippon Broadcasting has no debt, it does not need to be covered by operating cash flow.
  • Chubu-Nippon Broadcasting has no debt, therefore coverage of interest payments is not a concern.
Show me more healthy companies in the Media industry
X
Financial health checks
We assess Chubu-Nippon Broadcasting'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. Chubu-Nippon Broadcasting has a total score of 6/6, 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.

9402 Dividends

 What is Chubu-Nippon Broadcasting'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
3.16%
Current annual income from Chubu-Nippon Broadcasting dividends.
If you bought ¥2,000 of Chubu-Nippon Broadcasting shares you are expected to receive ¥63 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?
  • Chubu-Nippon Broadcasting's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Chubu-Nippon Broadcasting's dividend is above the markets top 25% of dividend payers in Japan (2.92%).
Upcoming dividend payment

Purchase Chubu-Nippon Broadcasting 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
NSE:9402 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 Media Industry Average Dividend Yield Market Cap Weighted Average of 64 Stocks 1.9%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2973 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 2.9%

Industry and Market average data is calculated daily.

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

NSE:9402 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
NSE:9402 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 20.000 3.124
2019-05-10 20.000 3.067
2018-06-28 23.000 3.049
2018-05-10 23.000 2.831
2017-11-09 22.000 2.511
2017-06-29 20.000 2.442
2017-05-11 20.000 2.553
2017-02-09 22.000 2.841
2016-11-08 22.000 3.076
2016-06-29 17.000 2.691
2016-05-12 17.000 2.689
2016-02-09 22.000 3.415
2015-11-12 22.000 3.336
2015-06-26 14.500 2.272
2015-05-13 14.500 2.216
2014-06-27 13.500 2.217
2014-05-12 13.500 2.310
2013-06-28 12.500 2.130
2013-05-10 12.500 2.156
2012-11-08 12.500 2.446
2012-08-01 12.500 2.822
2012-06-29 12.500 2.785
2012-05-10 12.500 2.805
2012-02-08 10.000 2.132
2012-02-07 10.000 2.203
2011-11-10 10.000 2.256
2011-11-09 10.000 2.309
2011-08-03 10.000 2.277
2011-06-24 10.000 2.116
2011-05-13 10.000 2.150
2011-02-10 10.000 2.109
2011-02-08 10.000 2.081
2010-11-12 10.000 2.281
2010-11-10 10.000 2.406
2010-06-25 10.000 2.257
2010-05-13 10.000 2.053
2010-02-12 10.000 1.941
2010-02-09 10.000 2.070
2009-11-10 10.000 1.832
2009-11-05 10.000 1.474
2009-06-29 10.000 1.413

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Chubu-Nippon Broadcasting's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x 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.
Show me more dividend paying companies in the Media industry
X
Income/ dividend checks
We assess Chubu-Nippon Broadcasting'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 Chubu-Nippon Broadcasting afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Chubu-Nippon Broadcasting has a total score of 4/6, see the detailed checks below.


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

9402 Management

 What is the CEO of Chubu-Nippon Broadcasting'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
Masaki Sugiura
AGE 64
TENURE AS CEO 5.5 years
CEO Bio

Mr. Masaki Sugiura has been the President at Chubu-Nippon Broadcasting Co., Ltd. since June 2014 and served its Managing Director since June 2013. Mr. Sugiura served as Bureau Chief of News & Program General Bureau at Chubu-Nippon Broadcasting Co., Ltd. since June 2012. He served as Bureau Chief of Overall Business Management Bureau, Bureau Chief of General Affairs Bureau, Chief of Office of President at Chubu-Nippon Broadcasting Co., Ltd. since July 2010, June 2010 and June 2007 respectively. He has been a Representative Director of Chubu-Nippon Broadcasting Co., Ltd. since June 2014. He served as a Director of Chubu-Nippon Broadcasting Co., Ltd. since June 2010.

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

Masaki Sugiura

TITLE
President and Representative Director
AGE
64
TENURE
5.5 yrs

Hajime Kondo

TITLE
Chief of Group Technology Supervision and Director
AGE
63

Michiyuki Ito

TITLE
Head of Planning & Production and Director
AGE
67

Naoki Hayashi

TITLE
Head of TV Segment and Director
AGE
63

Seiji Masuie

TITLE
Head of Radio Segment and Director
AGE
61

Genichiro Murase

TITLE
Deputy Head of TV Segment and Director
AGE
68
Board of Directors Tenure

Average tenure and age of the Chubu-Nippon Broadcasting board of directors in years:

9
Average Tenure
66.5
Average Age
  • The tenure for the Chubu-Nippon Broadcasting board of directors is about average.
Board of Directors

Yoichi Ohishi

TITLE
Chairman
AGE
66
TENURE
5.5 yrs

Masaki Sugiura

TITLE
President and Representative Director
AGE
64
TENURE
5.5 yrs

Hajime Kondo

TITLE
Chief of Group Technology Supervision and Director
AGE
63
TENURE
7.5 yrs

Michiyuki Ito

TITLE
Head of Planning & Production and Director
AGE
67
TENURE
11.5 yrs

Naoki Hayashi

TITLE
Head of TV Segment and Director
AGE
63
TENURE
9.5 yrs

Seiji Masuie

TITLE
Head of Radio Segment and Director
AGE
61
TENURE
5.5 yrs

Genichiro Murase

TITLE
Deputy Head of TV Segment and Director
AGE
68
TENURE
19.7 yrs

Isamu Koyama

TITLE
External Director
AGE
84
TENURE
22.5 yrs

Tokuichi Okaya

TITLE
External Director
AGE
75
TENURE
22.5 yrs

Hideo Kono

TITLE
External Director
AGE
74
TENURE
8.5 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 Chubu-Nippon Broadcasting'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. Chubu-Nippon Broadcasting 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.

9402 News

Simply Wall St News

9402 Company Info

Description

Chubu-Nippon Broadcasting Co., Ltd., through its subsidiaries, engages in the television and radio broadcasting businesses in Japan and internationally. The company’s television programs include news, live talk shows on current affairs, live sports broadcasts, drama, and documentaries, as well as various fun and emotional programs. It also produces movie and animation projects, and applications for smartphones; and manages a range of events, such as rock-concerts, art exhibitions, and other sports events. In addition, the company operates housing center, a showroom where house makers come together to display and sell their products. Chubu-Nippon Broadcasting Co., Ltd. was founded in 1950 and is headquartered in Nagoya, Japan.

Details
Name: Chubu-Nippon Broadcasting Co., Ltd.
9402
Exchange: NSE
Founded: 1950
¥16,683,893,080
26,398,565
Website: http://hicbc.com
Address: Chubu-Nippon Broadcasting Co., Ltd.
1-2-8 Shinsakae,
Naka-ku,
Nagoya,
Aichi, 460-8405,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSE 9402 Common Shares Nagoya Stock Exchange JP JPY 06. Jan 1992
OTCPK CBUP.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
710
Chubu-Nippon Broadcasting employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/14 14:33
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/11/08
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.

Related Companies

© 2019 Simply Wall Street Pty Ltd, Community Design 2845206, US Design Patent #29/544/281, European Design Registration #2845206, Standard & Poor’s Financial Services LLC. All rights reserved.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2019, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2019)