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Computer Engineering & Consulting

TSE:9692
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9692
TSE
¥45B
Market Cap
  1. Home
  2. JP
  3. Software
Company description

Computer Engineering & Consulting, Ltd. engages in industry automation, digital industry, and system integration businesses in Japan. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Computer Engineering & Consulting has significant price volatility in the past 3 months.
9692 Share Price and Events
7 Day Returns
-10.8%
TSE:9692
-6.5%
JP Software
-8.9%
JP Market
1 Year Returns
-38.2%
TSE:9692
-8.5%
JP Software
-17.9%
JP Market
9692 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Computer Engineering & Consulting (9692) -10.8% -23.9% -38% -38.2% 21.9% 189.2%
JP Software -6.5% -9.3% -22.5% -8.5% 29.9% 53.2%
JP Market -8.9% -12.1% -22.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 9692 underperformed the Software industry which returned -8.5% over the past year.
  • 9692 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
9692
Industry
5yr Volatility vs Market

9692 Value

 Is Computer Engineering & Consulting 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 Computer Engineering & Consulting 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 Computer Engineering & Consulting.

TSE:9692 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

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

Calculation of Discount Rate/ Cost of Equity for TSE:9692
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Software Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.019 (1 + (1- 30.86%) (0.94%))
1.017
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.017 * 6.33%)
6.35%

Discounted Cash Flow Calculation for TSE:9692 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Computer Engineering & Consulting is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSE:9692 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.35%)
2020 4,376.66 Est @ 3.61% 4,115.38
2021 4,090.00 Analyst x1 3,616.23
2022 4,390.00 Analyst x1 3,649.75
2023 4,790.00 Analyst x1 3,744.56
2024 4,890.00 Analyst x1 3,594.52
2025 5,190.00 Analyst x1 3,587.28
2026 5,319.64 Est @ 2.5% 3,457.38
2027 5,411.21 Est @ 1.72% 3,306.94
2028 5,474.96 Est @ 1.18% 3,146.14
2029 5,518.63 Est @ 0.8% 2,981.91
Present value of next 10 years cash flows ¥35,200.00
TSE:9692 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥5,518.63 × (1 + -0.09%) ÷ (6.35% – -0.09%)
¥85,628.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥85,628.54 ÷ (1 + 6.35%)10
¥46,268.19
TSE:9692 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥35,200.00 + ¥46,268.19
¥81,468.19
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥81,468.19 / 34.92
¥2332.74
TSE:9692 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥2,332.74
Current discount Discount to share price of ¥1,277.00
= -1 x (¥1,277.00 - ¥2,332.74) / ¥2,332.74
45.3%

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

Current Discount
Amount off the current price Computer Engineering & Consulting is available for.
Intrinsic value
45%
Share price is ¥1277 vs Future cash flow value of ¥2332.74
Current Discount Checks
For Computer Engineering & Consulting to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Computer Engineering & Consulting's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Computer Engineering & Consulting'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 Computer Engineering & Consulting's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Computer Engineering & Consulting's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9692 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in JPY ¥104.17
TSE:9692 Share Price ** TSE (2020-04-03) in JPY ¥1277
Japan Software Industry PE Ratio Median Figure of 95 Publicly-Listed Software Companies 20.45x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 11.52x

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

** Primary Listing of Computer Engineering & Consulting.

TSE:9692 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9692 Share Price ÷ EPS (both in JPY)

= 1277 ÷ 104.17

12.26x

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

  • Computer Engineering & Consulting is good value based on earnings compared to the JP Software industry average.
  • Computer Engineering & Consulting is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Computer Engineering & Consulting's expected growth come at a high price?
Raw Data
TSE:9692 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.4%per year
Japan Software Industry PEG Ratio Median Figure of 27 Publicly-Listed Software Companies 2.03x
Japan Market PEG Ratio Median Figure of 1,282 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

TSE:9692 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.26x ÷ 11.4%

1.07x

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

  • Computer Engineering & Consulting is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Computer Engineering & Consulting's assets?
Raw Data
TSE:9692 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in JPY ¥896.84
TSE:9692 Share Price * TSE (2020-04-03) in JPY ¥1277
Japan Software Industry PB Ratio Median Figure of 121 Publicly-Listed Software Companies 2.08x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
TSE:9692 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9692 Share Price ÷ Book Value per Share (both in JPY)

= 1277 ÷ 896.84

1.42x

* Primary Listing of Computer Engineering & Consulting.

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

  • Computer Engineering & Consulting is good value based on assets compared to the JP Software industry average.
X
Value checks
We assess Computer Engineering & Consulting'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Computer Engineering & Consulting has a total score of 4/6, 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.

9692 Future Performance

 How is Computer Engineering & Consulting expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
11.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Computer Engineering & Consulting expected to grow at an attractive rate?
  • Computer Engineering & Consulting's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Computer Engineering & Consulting's earnings growth is expected to exceed the Japan market average.
  • Computer Engineering & Consulting's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:9692 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:9692 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.4%
TSE:9692 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.8%
Japan Software Industry Earnings Growth Rate Market Cap Weighted Average 22.4%
Japan Software Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:9692 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9692 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-01-31
2024-01-31
2023-01-31
2022-01-31 59,500 4,970 4,600 1
2021-01-31 55,900 4,670 4,400 1
2020-04-04
TSE:9692 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2020-01-31 51,868 4,813 3,638
2019-10-31 50,918 3,258
2019-07-31 49,743 5,170 3,142
2019-04-30 49,255 3,099
2019-01-31 49,810 6,350 2,861
2018-10-31 49,942 3,386
2018-07-31 48,708 3,472 3,195
2018-04-30 47,780 3,049
2018-01-31 45,994 1,860 2,604
2017-10-31 44,338 3,007
2017-07-31 44,677 2,063 2,669
2017-04-30 44,398 2,683

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Computer Engineering & Consulting's earnings are expected to grow by 11.4% yearly, however this is not considered high growth (20% yearly).
  • Computer Engineering & Consulting's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:9692 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 1 Analyst Estimates (S&P Global) See Below

All data from Computer Engineering & Consulting Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9692 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-01-31
2024-01-31
2023-01-31
2022-01-31 131.70 131.70 131.70 1.00
2021-01-31 126.00 126.00 126.00 1.00
2020-04-04
TSE:9692 Past Financials Data
Date (Data in JPY Millions) EPS *
2020-01-31 104.17
2019-10-31 93.29
2019-07-31 89.97
2019-04-30 88.74
2019-01-31 81.92
2018-10-31 96.95
2018-07-31 91.48
2018-04-30 87.30
2018-01-31 74.56
2017-10-31 86.10
2017-07-31 76.42
2017-04-30 76.82

*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 Computer Engineering & Consulting will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Computer Engineering & Consulting'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.
Computer Engineering & Consulting has a total score of 3/6, 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.

9692 Past Performance

  How has Computer Engineering & Consulting 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 Computer Engineering & Consulting's growth in the last year to its industry (Software).
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.
  • Computer Engineering & Consulting has delivered over 20% year on year earnings growth in the past 5 years.
  • Computer Engineering & Consulting's 1-year earnings growth exceeds its 5-year average (27.2% vs 20.4%)
  • Computer Engineering & Consulting's earnings growth has exceeded the JP Software industry average in the past year (27.2% vs 20.8%).
Earnings and Revenue History
Computer Engineering & Consulting'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 Computer Engineering & Consulting Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9692 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 51,868.00 3,638.00 6,547.00
2019-10-31 50,918.00 3,258.00 6,663.00
2019-07-31 49,743.00 3,142.00 6,627.00
2019-04-30 49,255.00 3,099.00 6,339.00
2019-01-31 49,810.00 2,861.00 6,363.00
2018-10-31 49,942.00 3,386.00 6,220.00
2018-07-31 48,708.00 3,195.00 6,188.00
2018-04-30 47,780.00 3,049.00 6,120.00
2018-01-31 45,994.00 2,604.00 6,106.00
2017-10-31 44,338.00 3,007.00 6,018.00
2017-07-31 44,677.00 2,669.00 6,092.00
2017-04-30 44,398.00 2,683.00 6,081.00
2017-01-31 43,976.00 2,612.00 6,078.00
2016-10-31 43,565.00 2,000.00 6,143.00
2016-07-31 42,911.00 2,349.00 6,035.00
2016-04-30 42,285.00 2,335.00 6,085.00
2016-01-31 42,750.00 1,289.00 6,048.00
2015-10-31 42,552.00 855.00 5,967.00
2015-07-31 42,824.00 948.00 5,927.00
2015-04-30 42,821.00 733.00 5,855.00
2015-01-31 41,838.00 1,762.00 5,837.00
2014-10-31 41,574.00 1,938.00 5,782.00
2014-07-31 41,058.00 1,491.00 5,949.00
2014-04-30 40,734.00 1,248.00 6,051.00
2014-01-31 40,923.00 1,120.00 6,060.00
2013-10-31 40,583.00 1,076.00 6,115.00
2013-07-31 40,755.00 1,216.00 6,066.00
2013-04-30 40,512.00 1,099.00 6,072.00

*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.
  • Computer Engineering & Consulting has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Computer Engineering & Consulting used its assets more efficiently than the JP Software industry average last year based on Return on Assets.
  • Computer Engineering & Consulting has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Computer Engineering & Consulting'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 Software 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.
Computer Engineering & Consulting has a total score of 5/6, 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.

9692 Health

 How is Computer Engineering & Consulting'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 Computer Engineering & Consulting's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Computer Engineering & Consulting is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Computer Engineering & Consulting's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Computer Engineering & Consulting's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 73.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Computer Engineering & Consulting Company Filings, last reported 2 months ago.

TSE:9692 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 31,321.00 417.00 17,550.00
2019-10-31 30,388.00 417.00 16,903.00
2019-07-31 30,135.00 417.00 16,054.00
2019-04-30 29,290.00 431.00 14,823.00
2019-01-31 28,579.00 431.00 14,590.00
2018-10-31 28,229.00 431.00 14,040.00
2018-07-31 28,316.00 431.00 13,284.00
2018-04-30 27,855.00 444.00 12,438.00
2018-01-31 27,601.00 444.00 10,757.00
2017-10-31 26,585.00 444.00 11,091.00
2017-07-31 26,048.00 444.00 11,489.00
2017-04-30 25,275.00 458.00 10,774.00
2017-01-31 25,091.00 458.00 10,159.00
2016-10-31 23,619.00 458.00 10,958.00
2016-07-31 23,476.00 458.00 10,626.00
2016-04-30 22,729.00 472.00 10,113.00
2016-01-31 22,778.00 472.00 10,234.00
2015-10-31 22,442.00 472.00 10,095.00
2015-07-31 22,199.00 472.00 9,273.00
2015-04-30 21,613.00 485.00 8,473.00
2015-01-31 22,861.00 485.00 8,333.00
2014-10-31 22,227.00 485.00 7,776.00
2014-07-31 21,856.00 485.00 6,116.00
2014-04-30 21,175.00 503.00 4,959.00
2014-01-31 20,954.00 503.00 4,550.00
2013-10-31 20,408.00 2,078.00 6,845.00
2013-07-31 20,234.00 2,203.00 6,124.00
2013-04-30 20,014.00 2,315.00 6,611.00
  • Computer Engineering & Consulting's level of debt (1.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (17.8% vs 1.3% today).
  • Debt is well covered by operating cash flow (1154.2%, greater than 20% of total debt).
  • Computer Engineering & Consulting earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Computer Engineering & Consulting'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. Computer Engineering & Consulting 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.

9692 Dividends

 What is Computer Engineering & Consulting'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
3.13%
Current annual income from Computer Engineering & Consulting dividends. Estimated to be 2.9% next year.
If you bought ¥2,000 of Computer Engineering & Consulting 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?
  • Computer Engineering & Consulting's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.81%).
  • Computer Engineering & Consulting's dividend is below the markets top 25% of dividend payers in Japan (4.2%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:9692 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 1 Analyst Estimates (S&P Global) See Below
Japan Software Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 1.8%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2988 Stocks 3%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.8%
Japan Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

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

TSE:9692 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2025-01-31
2024-01-31
2023-01-31
2022-01-31 37.00 1.00
2021-01-31 37.00 1.00
2020-04-04
TSE:9692 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-03-12 40.000 3.165
2019-12-11 37.000 1.858
2019-11-15 37.000 1.678
2019-09-10 37.000 1.829
2019-04-17 34.000 1.525
2019-03-13 34.000 1.580
2018-12-12 26.000 1.271
2018-12-11 26.000 1.093
2018-09-12 26.000 1.053
2018-09-11 26.000 1.065
2018-04-18 20.000 0.981
2018-03-13 20.000 1.133
2017-12-12 20.000 1.251
2017-12-11 20.000 1.445
2017-09-12 20.000 1.556
2017-09-11 20.000 1.777
2017-04-19 20.000 1.843
2017-03-10 20.000 1.964
2016-12-09 15.000 1.665
2016-12-08 15.000 1.708
2016-09-09 15.000 1.573
2016-09-08 15.000 1.740
2016-04-20 15.000 2.015
2016-03-10 15.000 2.251
2015-12-09 15.000 2.640
2015-12-08 15.000 2.559
2015-09-09 10.000 1.926
2015-09-08 10.000 2.064
2015-04-16 10.000 1.946
2015-03-12 10.000 2.257
2014-12-10 10.000 1.950
2014-12-09 10.000 1.759
2014-09-08 10.000 1.963
2014-09-05 10.000 2.313
2014-04-16 10.000 2.988
2014-03-14 10.000 3.259
2013-12-09 10.000 3.024
2013-12-06 10.000 3.091
2013-09-06 10.000 3.220
2013-09-05 10.000 3.365
2013-04-17 10.000 3.156
2013-03-14 10.000 3.042
2012-12-07 10.000 3.625
2012-12-06 10.000 4.265
2012-09-07 10.000 4.381
2012-09-06 10.000 4.329
2012-06-06 10.000 4.607
2012-03-01 10.000 4.971
2011-12-07 10.000 5.433
2011-09-07 10.000 5.454
2011-06-07 10.000 5.074
2011-03-15 10.000 5.136
2010-12-10 7.500 3.501
2010-12-08 7.500 3.794
2010-09-10 7.500 3.952
2010-09-08 7.500 3.794
2010-06-08 5.000 2.463
2010-04-16 5.000 2.128
2010-03-16 5.000 2.055
2009-12-14 10.000 4.213
2009-09-14 12.500 4.718

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 Computer Engineering & Consulting's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x 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 Computer Engineering & Consulting's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Computer Engineering & Consulting afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Computer Engineering & Consulting 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.

9692 Management

 What is the CEO of Computer Engineering & Consulting'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
Hitoshi Ooishi
AGE 62
TENURE AS CEO 0.3 years
CEO Bio

Hitoshi Ooishi has been an President at Computer Engineering & Consulting, Ltd. and serves as its Director. Hitoshi Ooishi served as Executive Officer, General Manager of Corporate Support at Computer Engineering & Consulting Ltd since April 2017.

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

Average tenure and age of the Computer Engineering & Consulting management team in years:

3.2
Average Tenure
58
Average Age
  • The tenure for the Computer Engineering & Consulting management team is about average.
Management Team

Hitoshi Ooishi

TITLE
President & Director
AGE
62
TENURE
0.3 yrs

Toshiro Kawano

TITLE
Executive Officer
AGE
58

Yutaka Hattori

TITLE
Executive Officer & Head of Industry Automation Business

Hiroshi Tateishi

TITLE
MD, Executive Officer
COMPENSATION
¥162M
AGE
57

Futoshi Egami

TITLE
Executive Officer & Head of Smart Factory

Manabu Fujiwara

TITLE
Executive Officer
AGE
56
TENURE
3.2 yrs

Makoto Abe

TITLE
Executive Officer & Head of 1st and 2nd Sales

Masato Tamano

TITLE
Executive Officer & Director
AGE
59
TENURE
5 yrs

Kazuaki Matsumoto

TITLE
Executive Officer & Manager of System Integration Business - West Japan Service Business Dept

Takashi Himeno

TITLE
Executive Officer & Manager of Platform Integration Business - Data Center Services Business Div
Board of Directors Tenure

Average tenure and age of the Computer Engineering & Consulting board of directors in years:

5
Average Tenure
63.5
Average Age
  • The tenure for the Computer Engineering & Consulting board of directors is about average.
Board of Directors

Hirosato Iwasaki

TITLE
Chairman
COMPENSATION
¥217M
AGE
84
TENURE
25.6 yrs

Hitoshi Ooishi

TITLE
President & Director
AGE
62

Toshiro Kawano

TITLE
Executive Officer
AGE
58
TENURE
6 yrs

Hiroshi Tateishi

TITLE
MD, Executive Officer
COMPENSATION
¥162M
AGE
57
TENURE
5 yrs

Manabu Fujiwara

TITLE
Executive Officer
AGE
56
TENURE
5 yrs

Masato Tamano

TITLE
Executive Officer & Director
AGE
59
TENURE
5 yrs

Kazuhiro Osada

TITLE
Director
AGE
65

Shin Nakayama

TITLE
External Director
AGE
80

Yasuhiro Oda

TITLE
Standing Corporate Auditor
AGE
65
TENURE
5 yrs

Haruhiko Hirose

TITLE
External Auditor
AGE
67
TENURE
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 Computer Engineering & Consulting'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. Computer Engineering & Consulting 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.

9692 News

Simply Wall St News

9692 Company Info

Description

Computer Engineering & Consulting, Ltd. engages in industry automation, digital industry, and system integration businesses in Japan. It offers ICT services for manufacturing industry. The company also provides system development, construction, maintenance, and operation services; security solutions; ICT implementation support and operation services; package software installation support services; and temporary staffing services. Computer Engineering & Consulting, Ltd. was founded in 1968 and is headquartered in Tokyo, Japan.

Details
Name: Computer Engineering & Consulting, Ltd.
9692
Exchange: TSE
Founded: 1968
¥44,597,667,060
34,923,780
Website: http://www.cec-ltd.co.jp
Address: Computer Engineering & Consulting, Ltd.
JR Ebisu Building,
5-5 Ebisu Minami 1-chome,
Tokyo,
150-0022,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9692 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
2,216
Computer Engineering & Consulting employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 15:03
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/12
Last earnings filing: 2020/03/12
Last earnings reported: 2020/01/31
Last annual earnings reported: 2020/01/31


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.