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Shinki BusLtd

TSE:9083
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9083
TSE
¥20B
Market Cap
  1. Home
  2. JP
  3. Transportation
Company description

Shinki Bus Co.,Ltd. provides transportation services in Japan. The last earnings update was 47 days ago. More info.


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9083 Share Price and Events
7 Day Returns
2.1%
TSE:9083
3.5%
JP Transportation
10.7%
JP Market
1 Year Returns
-4.6%
TSE:9083
-16.7%
JP Transportation
-10.7%
JP Market
9083 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shinki BusLtd (9083) 2.1% 1.2% -16.3% -4.6% -5.6% -3.7%
JP Transportation 3.5% 4.9% -14.2% -16.7% 2.9% -4.1%
JP Market 10.7% -5.2% -16.6% -10.7% -4.8% -5%
1 Year Return vs Industry and Market
  • 9083 outperformed the Transportation industry which returned -16.7% over the past year.
  • 9083 outperformed the Market in Japan which returned -10.7% over the past year.
Price Volatility
9083
Industry
5yr Volatility vs Market

Value

 Is Shinki BusLtd 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 Shinki BusLtd 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 Shinki BusLtd.

TSE:9083 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 6.2%
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 TSE:9083
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.953 (1 + (1- 30.86%) (6.76%))
0.998
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.998 * 6.33%)
6.23%

Discounted Cash Flow Calculation for TSE:9083 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shinki BusLtd 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:9083 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.23%)
2020 2,144.75 Est @ 1% 2,019.02
2021 2,159.18 Est @ 0.67% 1,913.44
2022 2,168.77 Est @ 0.44% 1,809.27
2023 2,174.92 Est @ 0.28% 1,708.03
2024 2,178.65 Est @ 0.17% 1,610.66
2025 2,180.68 Est @ 0.09% 1,517.65
2026 2,181.52 Est @ 0.04% 1,429.23
2027 2,181.51 Est @ -0% 1,345.44
2028 2,180.92 Est @ -0.03% 1,266.22
2029 2,179.91 Est @ -0.05% 1,191.44
Present value of next 10 years cash flows ¥15,810.00
TSE:9083 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,179.91 × (1 + -0.09%) ÷ (6.23% – -0.09%)
¥34,475.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥34,475.11 ÷ (1 + 6.23%)10
¥18,842.45
TSE:9083 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥15,810.00 + ¥18,842.45
¥34,652.45
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥34,652.45 / 6.02
¥5754.2
TSE:9083 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥5,754.20
Current discount Discount to share price of ¥3,345.00
= -1 x (¥3,345.00 - ¥5,754.20) / ¥5,754.20
41.9%

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

Current Discount
Amount off the current price Shinki BusLtd is available for.
Intrinsic value
42%
Share price is ¥3345 vs Future cash flow value of ¥5754.2
Current Discount Checks
For Shinki BusLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shinki BusLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shinki BusLtd'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 Shinki BusLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shinki BusLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9083 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥340.09
TSE:9083 Share Price ** TSE (2020-03-31) in JPY ¥3345
Japan Transportation Industry PE Ratio Median Figure of 57 Publicly-Listed Transportation Companies 11.79x
Japan Market PE Ratio Median Figure of 3,069 Publicly-Listed Companies 12.48x

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

** Primary Listing of Shinki BusLtd.

TSE:9083 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9083 Share Price ÷ EPS (both in JPY)

= 3345 ÷ 340.09

9.84x

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

  • Shinki BusLtd is good value based on earnings compared to the JP Transportation industry average.
  • Shinki BusLtd is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Shinki BusLtd's expected growth come at a high price?
Raw Data
TSE:9083 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Transportation Industry PEG Ratio Median Figure of 32 Publicly-Listed Transportation Companies 2.06x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.37x

*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 Shinki BusLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shinki BusLtd's assets?
Raw Data
TSE:9083 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥7,253.43
TSE:9083 Share Price * TSE (2020-03-31) in JPY ¥3345
Japan Transportation Industry PB Ratio Median Figure of 58 Publicly-Listed Transportation Companies 0.81x
Japan Market PB Ratio Median Figure of 3,575 Publicly-Listed Companies 0.87x
TSE:9083 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9083 Share Price ÷ Book Value per Share (both in JPY)

= 3345 ÷ 7,253.43

0.46x

* Primary Listing of Shinki BusLtd.

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

  • Shinki BusLtd is good value based on assets compared to the JP Transportation industry average.
X
Value checks
We assess Shinki BusLtd'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 Transportation 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 Transportation industry average (and greater than 0)? (1 check)
  5. Shinki BusLtd 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 Shinki BusLtd 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 Shinki BusLtd 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
4.3%
Expected Transportation industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shinki BusLtd expected to grow at an attractive rate?
  • Unable to compare Shinki BusLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shinki BusLtd's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Shinki BusLtd's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:9083 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Transportation Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
Japan Transportation Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*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:9083 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9083 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:9083 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 46,210 2,048
2019-09-30 46,134 4,940 1,940
2019-06-30 45,875 1,816
2019-03-31 45,889 4,299 1,749
2018-12-31 45,515 1,262
2018-09-30 45,009 3,784 1,269
2018-06-30 44,835 1,343
2018-03-31 44,562 5,177 1,579
2017-12-31 44,627 1,902
2017-09-30 44,674 5,592 2,000
2017-06-30 44,562 2,110
2017-03-31 44,522 4,048 1,991

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shinki BusLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Shinki BusLtd 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
TSE:9083 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shinki BusLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9083 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:9083 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 340.09
2019-09-30 322.15
2019-06-30 301.56
2019-03-31 290.44
2018-12-31 209.58
2018-09-30 210.73
2018-06-30 223.00
2018-03-31 262.16
2017-12-31 315.73
2017-09-30 331.98
2017-06-30 350.21
2017-03-31 330.45

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

Next steps:

  1. Examine whether Shinki BusLtd is trading at Shinki BusLtd'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. Shinki BusLtd'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 Transportation 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 Shinki BusLtd'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.
Shinki BusLtd 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 Shinki BusLtd 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 Shinki BusLtd's growth in the last year to its industry (Transportation).
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.
  • Shinki BusLtd's year on year earnings growth rate has been positive over the past 5 years.
  • Shinki BusLtd's 1-year earnings growth exceeds its 5-year average (62.3% vs 0.1%)
  • Shinki BusLtd's earnings growth has exceeded the JP Transportation industry average in the past year (62.3% vs 5.1%).
Earnings and Revenue History
Shinki BusLtd'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 Shinki BusLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9083 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 46,210.00 2,048.00 10,161.00
2019-09-30 46,134.00 1,940.00 10,355.00
2019-06-30 45,875.00 1,816.00 10,346.00
2019-03-31 45,889.00 1,749.00 10,506.00
2018-12-31 45,515.00 1,262.00 10,494.00
2018-09-30 45,009.00 1,269.00 10,384.00
2018-06-30 44,835.00 1,343.00 10,403.00
2018-03-31 44,562.00 1,579.00 10,336.00
2017-12-31 44,627.00 1,902.00 10,403.00
2017-09-30 44,674.00 2,000.00 10,445.00
2017-06-30 44,562.00 2,110.00 10,459.00
2017-03-31 44,522.00 1,991.00 10,547.00
2016-12-31 43,840.00 1,743.00 10,472.00
2016-09-30 44,150.00 1,889.00 10,494.00
2016-06-30 44,015.00 1,894.00 10,405.00
2016-03-31 43,873.00 2,133.00 10,184.00
2015-12-31 42,317.00 2,120.00 10,101.00
2015-09-30 41,052.00 1,540.00 9,789.00
2015-06-30 40,245.00 1,511.00 9,538.00
2015-03-31 39,656.00 1,574.00 9,382.00
2014-12-31 40,126.00 1,493.00 9,258.00
2014-09-30 41,058.00 1,967.00 9,265.00
2014-06-30 41,909.00 1,893.00 9,329.00
2014-03-31 42,333.00 1,534.00 9,279.00
2013-12-31 41,966.00 1,548.00 9,104.00
2013-09-30 41,439.00 1,484.00 8,985.00
2013-06-30 40,850.00 1,366.00 8,883.00

*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.
  • Shinki BusLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shinki BusLtd used its assets more efficiently than the JP Transportation industry average last year based on Return on Assets.
  • Shinki BusLtd's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Shinki BusLtd'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 Transportation 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.
Shinki BusLtd 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 Shinki BusLtd'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 Shinki BusLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shinki BusLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shinki BusLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shinki BusLtd'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 23.1x 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 Shinki BusLtd Company Filings, last reported 3 months ago.

TSE:9083 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 43,707.00 672.00 10,180.00
2019-09-30 43,323.00 485.00 9,753.00
2019-06-30 42,965.00 562.00 9,746.00
2019-03-31 42,913.00 636.00 7,732.00
2018-12-31 41,717.00 806.00 8,607.00
2018-09-30 41,760.00 629.00 8,426.00
2018-06-30 41,742.00 718.00 9,110.00
2018-03-31 42,101.00 782.00 7,680.00
2017-12-31 41,562.00 1,250.00 8,698.00
2017-09-30 41,203.00 868.00 8,589.00
2017-06-30 40,840.00 950.00 8,393.00
2017-03-31 40,613.00 1,058.00 5,539.00
2016-12-31 39,430.00 1,624.00 7,101.00
2016-09-30 38,888.00 1,297.00 6,602.00
2016-06-30 38,285.00 1,426.00 6,118.00
2016-03-31 38,552.00 1,578.00 5,360.00
2015-12-31 37,782.00 1,712.00 6,574.00
2015-09-30 36,954.00 1,797.00 6,730.00
2015-06-30 37,027.00 1,530.00 5,902.00
2015-03-31 36,551.00 1,417.00 5,135.00
2014-12-31 35,432.00 1,735.00 6,586.00
2014-09-30 35,486.00 1,344.00 7,302.00
2014-06-30 35,246.00 1,432.00 8,197.00
2014-03-31 34,831.00 1,520.00 8,489.00
2013-12-31 33,804.00 2,125.00 8,943.00
2013-09-30 33,345.00 1,771.00 8,077.00
2013-06-30 33,031.00 1,898.00 8,862.00
  • Shinki BusLtd's level of debt (1.5%) 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 (4.9% vs 1.5% today).
  • Debt is well covered by operating cash flow (735.1%, greater than 20% of total debt).
  • Shinki BusLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Shinki BusLtd'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. Shinki BusLtd 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.

Dividends

 What is Shinki BusLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.05%
Current annual income from Shinki BusLtd dividends.
If you bought ¥2,000 of Shinki BusLtd shares you are expected to receive ¥21 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?
  • Shinki BusLtd's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.67%).
  • Shinki BusLtd's dividend is below the markets top 25% of dividend payers in Japan (3.81%).
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:9083 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 Transportation Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 1.5%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2984 Stocks 2.8%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.9%
Japan Bottom 25% Dividend Yield 25th Percentile 1.7%
Japan Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

TSE:9083 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:9083 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-13 35.000 0.931
2019-11-11 35.000 0.909
2019-06-26 35.000 0.928
2019-05-15 35.000 0.977
2018-06-28 35.000 0.980
2018-05-15 35.000 0.883
2018-02-14 30.000 0.743
2018-02-09 30.000 0.748
2017-11-14 30.000 0.732
2017-11-09 30.000 0.734
2017-06-29 30.000 0.725
2017-05-15 30.000 0.784
2017-02-15 25.000 0.709
2017-02-10 25.000 0.707
2016-11-17 25.000 0.714
2016-11-10 25.000 0.714
2016-06-29 25.000 0.711
2016-05-13 25.000 0.714
2016-02-12 25.000 0.714
2016-02-10 25.000 0.725
2015-11-13 25.000 0.708
2015-11-10 25.000 0.726
2015-06-26 25.000 0.710
2015-05-15 25.000 0.699
2015-02-13 25.000 0.712
2015-02-10 25.000 0.729
2014-11-17 25.000 0.728
2014-11-11 25.000 0.746
2014-06-27 25.000 0.752
2014-05-19 25.000 0.786
2014-02-14 25.000 0.769
2013-11-14 25.000 0.795
2013-11-12 25.000 0.818
2013-06-27 25.000 0.805
2013-05-15 25.000 0.824
2013-02-13 25.000 0.822
2013-02-08 25.000 0.815
2012-11-14 25.000 0.833
2012-08-07 25.000 0.836
2012-06-28 25.000 0.839
2012-05-15 25.000 0.852
2012-02-14 25.000 0.836
2012-02-10 25.000 0.845
2011-11-14 25.000 0.850
2011-11-08 25.000 0.862
2011-08-09 25.000 0.843
2011-07-11 25.000 0.834
2011-05-13 25.000 0.853
2011-02-16 25.000 0.837
2011-02-09 25.000 0.828
2010-11-15 25.000 0.853
2010-11-05 25.000 0.855
2010-07-01 25.000 0.822
2010-05-14 25.000 0.827
2010-02-12 25.000 0.820
2009-11-16 25.000 0.838
2009-11-05 25.000 0.838
2009-06-29 25.000 0.817

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Shinki BusLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shinki BusLtd'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 Shinki BusLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shinki BusLtd has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Shinki BusLtd'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
Makoto Nagao
AGE 60
TENURE AS CEO 6.7 years
CEO Bio

Mr. Makoto Nagao has been the President of Shinki Bus Co.,Ltd. since June 2013 and served as its Managing Director since June 2009. Mr. Nagao is In-charge, Planning Department and Travel Operations Department. Mr. Nagao has been the President of ABC Shinki Travel, Inc. since February 2005. He served as Senior Managing Director of Shinki Bus Co., Ltd from June 2012 to June 2013. He served as General Manager of Planning Division of Shinki Bus Co.,Ltd. since June 2003. Mr. Nagao served as General Manager Planning Division Shinki Bus Co., Ltd. since June 2005. Mr. Nagao has been Director of Shinki Bus Co.,Ltd. since June 2013. He has been Representative Director of ABC Shinki Travel, Inc. since February 2005. He has been Representative Director of Shinki Bus Co.,Ltd. since June 2005. He serves as External Director of Sanyo Electric Railway Co.,Ltd.

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

Average tenure and age of the Shinki BusLtd management team in years:

8.2
Average Tenure
59
Average Age
  • The average tenure for the Shinki BusLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Makoto Nagao

TITLE
President and Representative Director
AGE
60
TENURE
6.7 yrs

Akinori Maruyama

TITLE
Senior Managing Director and Director
AGE
61
TENURE
10.7 yrs

Kazuo Tsubota

TITLE
Managing Director and Director
AGE
60
TENURE
8.7 yrs

Koji Nakano

TITLE
Manager of Bus Business Department and Director
AGE
57
TENURE
10.7 yrs

Katsuya Ito

TITLE
Manager of General Affairs Department and Director
AGE
58
TENURE
7.7 yrs

Tadaaki Yokoyama

TITLE
Manager of Planning Department and Director
AGE
48
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Shinki BusLtd board of directors in years:

7.2
Average Tenure
60.5
Average Age
  • The tenure for the Shinki BusLtd board of directors is about average.
Board of Directors

Masahiko Uesugi

TITLE
Chairman of the Board of Directors
AGE
75
TENURE
6.7 yrs

Makoto Nagao

TITLE
President and Representative Director
AGE
60
TENURE
14.7 yrs

Akinori Maruyama

TITLE
Senior Managing Director and Director
AGE
61

Kazuo Tsubota

TITLE
Managing Director and Director
AGE
60

Koji Nakano

TITLE
Manager of Bus Business Department and Director
AGE
57
TENURE
8.7 yrs

Katsuya Ito

TITLE
Manager of General Affairs Department and Director
AGE
58
TENURE
5.7 yrs

Tadaaki Yokoyama

TITLE
Manager of Planning Department and Director
AGE
48
TENURE
3.7 yrs

Hiroshi Takikawa

TITLE
Director
AGE
86
TENURE
13.7 yrs

Takaoki Fujiwara

TITLE
External Independent Director
AGE
67
TENURE
7.7 yrs

Kazuhiro Uekado

TITLE
External Independent Director
AGE
61
TENURE
6.7 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 Shinki BusLtd'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. Shinki BusLtd 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

Shinki Bus Co.,Ltd. provides transportation services in Japan. The company offers passenger services, such as route buses, high-speed buses, charter buses, and taxis, as well as postal transportation and automobiles maintenance services. It also engages in the wholesale and retail of auto parts and supplies; sale of new and used cars; maintenance and repair of cars; and sale of life and property insurance products. In addition, the company sells, leases, and brokerages real estate properties; and operates restaurants and cafes, and outdoor facilities. Further, it provides travel, nursing care, cleaning and security, facility management, staffing, and advertisement services, as well as offers cosmetic and agricultural products. The company was formerly known as Shinki Sogo Jidosha K.K. and changed its name to Shinki Bus Co.,Ltd. in 1972. Shinki Bus Co.,Ltd. was founded in 1927 and is headquartered in Himeji, Japan.

Details
Name: Shinki Bus Co.,Ltd.
9083
Exchange: TSE
Founded: 1927
¥20,143,971,330
6,022,114
Website: http://www.shinkibus.co.jp
Address: Shinki Bus Co.,Ltd.
1 Nishi-maemachi,
Himeji,
Hyogo, 670-0913,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9083 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,281
Shinki BusLtd employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 15:28
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2020/02/13
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.