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Kawasaki Kisen Kaisha

OTCPK:KAIK.Y
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KAIK.Y
OTCPK
¥173B
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

Kawasaki Kisen Kaisha, Ltd. provides marine, land, and air transportation services in Japan and internationally. The last earnings update was 7 days ago. More info.


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KAIK.Y Share Price and Events
7 Day Returns
0%
OTCPK:KAIK.Y
-0.7%
US Shipping
0.7%
US Market
1 Year Returns
1.3%
OTCPK:KAIK.Y
2.5%
US Shipping
12.9%
US Market
KAIK.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kawasaki Kisen Kaisha (KAIK.Y) 0% 22.5% - 1.3% - -42.9%
US Shipping -0.7% -1% 9.9% 2.5% 5.3% -60.5%
US Market 0.7% 4.4% 7% 12.9% 39.5% 44.7%
1 Year Return vs Industry and Market
  • KAIK.Y underperformed the Shipping industry which returned 2.5% over the past year.
  • KAIK.Y underperformed the Market in United States of America which returned 12.9% over the past year.
Price Volatility
KAIK.Y
Industry
5yr Volatility vs Market

KAIK.Y Value

 Is Kawasaki Kisen Kaisha 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 Kawasaki Kisen Kaisha 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 Kawasaki Kisen Kaisha.

OTCPK:KAIK.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:KAIK.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 30.86%) (288.19%))
1.828
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.828 * 5.96%)
13.63%

Discounted Cash Flow Calculation for OTCPK:KAIK.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kawasaki Kisen Kaisha 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.

OTCPK:KAIK.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 13.63%)
2020 -42,032.00 Analyst x3 -36,990.93
2021 7,529.00 Analyst x4 5,831.33
2022 19,463.67 Analyst x3 13,266.92
2023 30,713.89 Est @ 57.8% 18,424.49
2024 43,392.53 Est @ 41.28% 22,908.20
2025 56,286.57 Est @ 29.71% 26,151.45
2026 68,455.40 Est @ 21.62% 27,990.71
2027 79,375.80 Est @ 15.95% 28,563.37
2028 88,889.64 Est @ 11.99% 28,150.60
2029 97,075.55 Est @ 9.21% 27,055.87
Present value of next 10 years cash flows ¥161,352.00
OTCPK:KAIK.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥97,075.55 × (1 + 2.73%) ÷ (13.63% – 2.73%)
¥915,094.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥915,094.42 ÷ (1 + 13.63%)10
¥255,045.48
OTCPK:KAIK.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥161,352.00 + ¥255,045.48
¥416,397.48
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥416,397.48 / 93.27
¥4464.3
OTCPK:KAIK.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KAIK.Y represents 0.00388x of TSE:9107
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00388x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,464.30 x 0.00388
$17.31
Value per share (USD) From above. $17.31
Current discount Discount to share price of $7.18
= -1 x ($7.18 - $17.31) / $17.31
58.5%

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

Current Discount
Amount off the current price Kawasaki Kisen Kaisha is available for.
Intrinsic value
>50%
Share price is $7.18 vs Future cash flow value of $17.31
Current Discount Checks
For Kawasaki Kisen Kaisha to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kawasaki Kisen Kaisha's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kawasaki Kisen Kaisha'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 Kawasaki Kisen Kaisha's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kawasaki Kisen Kaisha's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KAIK.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥-753.66
TSE:9107 Share Price ** TSE (2019-10-23) in JPY ¥1852
United States of America Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 17.87x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

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

** Primary Listing of Kawasaki Kisen Kaisha.

OTCPK:KAIK.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9107 Share Price ÷ EPS (both in JPY)

= 1852 ÷ -753.66

-2.46x

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

  • Kawasaki Kisen Kaisha is loss making, we can't compare its value to the US Shipping industry average.
  • Kawasaki Kisen Kaisha is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Kawasaki Kisen Kaisha's expected growth come at a high price?
Raw Data
OTCPK:KAIK.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
31.5%per year
United States of America Shipping Industry PEG Ratio Median Figure of 9 Publicly-Listed Shipping Companies 0.33x
United States of America Market PEG Ratio Median Figure of 2,031 Publicly-Listed Companies 1.46x

*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 Kawasaki Kisen Kaisha, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kawasaki Kisen Kaisha's assets?
Raw Data
OTCPK:KAIK.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,238.62
TSE:9107 Share Price * TSE (2019-10-23) in JPY ¥1852
United States of America Shipping Industry PB Ratio Median Figure of 23 Publicly-Listed Shipping Companies 0.53x
United States of America Market PB Ratio Median Figure of 5,081 Publicly-Listed Companies 1.74x
OTCPK:KAIK.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9107 Share Price ÷ Book Value per Share (both in JPY)

= 1852 ÷ 1,238.62

1.5x

* Primary Listing of Kawasaki Kisen Kaisha.

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

  • Kawasaki Kisen Kaisha is overvalued based on assets compared to the US Shipping industry average.
X
Value checks
We assess Kawasaki Kisen Kaisha'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. Kawasaki Kisen Kaisha has a total score of 2/6, 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.

KAIK.Y Future Performance

 How is Kawasaki Kisen Kaisha expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
31.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kawasaki Kisen Kaisha expected to grow at an attractive rate?
  • Kawasaki Kisen Kaisha's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kawasaki Kisen Kaisha's earnings growth is expected to exceed the United States of America market average.
  • Kawasaki Kisen Kaisha's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KAIK.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KAIK.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 31.5%
OTCPK:KAIK.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.5%
United States of America Shipping Industry Earnings Growth Rate Market Cap Weighted Average 31.3%
United States of America Shipping Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:KAIK.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KAIK.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 761,891 51,798 12,055 8
2021-03-31 759,792 44,554 10,682 9
2020-03-31 746,879 59,191 10,885 9
2019-11-18
OTCPK:KAIK.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 792,998 -20,175 -70,296
2019-06-30 807,866 -84,137
2019-03-31 836,731 -6,808 -111,188
2018-12-31 916,457 -33,736 -29,864
2018-09-30 999,226 -40,226 -27,372
2018-06-30 1,086,827 -47,668 -17,411
2018-03-31 1,162,025 1,167 10,384
2017-12-31 1,153,325 -7,722 -75,605
2017-09-30 1,117,967 -2,251 -75,846
2017-06-30 1,072,973 -22,282 -104,162
2017-03-31 1,030,191 -43,919 -139,478
2016-12-31 1,027,081 -23,297 -115,352

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kawasaki Kisen Kaisha's earnings are expected to grow significantly at over 20% yearly.
  • Kawasaki Kisen Kaisha's revenue is expected to grow by 0.5% 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
OTCPK:KAIK.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Kawasaki Kisen Kaisha Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KAIK.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 115.92 235.87 72.90 7.00
2021-03-31 121.20 228.16 59.00 7.00
2020-03-31 116.55 124.91 107.20 6.00
2019-11-18
OTCPK:KAIK.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 -753.66
2019-06-30 -902.06
2019-03-31 -1,192.08
2018-12-31 -320.17
2018-09-30 -293.43
2018-06-30 -186.55
2018-03-31 111.13
2017-12-31 -808.17
2017-09-30 -809.84
2017-06-30 -1,111.41
2017-03-31 -1,488.22
2016-12-31 -1,230.79

*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.
  • Kawasaki Kisen Kaisha is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kawasaki Kisen Kaisha'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Kawasaki Kisen Kaisha 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.

KAIK.Y Past Performance

  How has Kawasaki Kisen Kaisha 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 Kawasaki Kisen Kaisha's growth in the last year to its industry (Shipping).
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.
  • Kawasaki Kisen Kaisha does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Kawasaki Kisen Kaisha's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Kawasaki Kisen Kaisha's 1-year growth to the US Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Kawasaki Kisen Kaisha'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 Kawasaki Kisen Kaisha Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KAIK.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 792,998.00 -70,296.00 56,997.00
2019-06-30 807,866.00 -84,137.00 57,346.00
2019-03-31 836,731.00 -111,188.00 59,469.00
2018-12-31 916,457.00 -29,864.00 60,376.00
2018-09-30 999,226.00 -27,372.00 63,993.00
2018-06-30 1,086,827.00 -17,411.00 68,193.00
2018-03-31 1,162,025.00 10,384.00 69,846.00
2017-12-31 1,153,325.00 -75,605.00 73,038.00
2017-09-30 1,117,967.00 -75,846.00 75,700.00
2017-06-30 1,072,973.00 -104,162.00 74,244.00
2017-03-31 1,030,191.00 -139,478.00 73,686.00
2016-12-31 1,027,081.00 -115,352.00 70,976.00
2016-09-30 1,066,746.00 -113,634.00 70,007.00
2016-06-30 1,153,068.00 -88,486.00 70,748.00
2016-03-31 1,243,932.00 -51,499.00 72,665.00
2015-12-31 1,315,143.00 3,087.00 77,267.00
2015-09-30 1,360,997.00 17,315.00 78,192.00
2015-06-30 1,368,092.00 32,732.00 78,736.00
2015-03-31 1,352,421.00 26,818.00 76,838.00
2014-12-31 1,321,178.00 33,941.00 75,575.00
2014-09-30 1,277,338.00 23,087.00 73,685.00
2014-06-30 1,248,188.00 13,946.00 71,752.00
2014-03-31 1,224,126.00 16,642.00 72,035.00
2013-12-31 1,250,339.00 16,973.00 87,835.00
2013-09-30 1,195,109.00 26,529.00 83,968.00
2013-06-30 1,164,940.50 18,599.00 82,317.00
2013-03-31 1,134,772.00 10,669.00 80,666.00
2012-12-31 1,041,868.00 10,218.00 62,674.00

*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.
  • It is difficult to establish if Kawasaki Kisen Kaisha has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Kawasaki Kisen Kaisha has efficiently used its assets last year compared to the US Shipping industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Kawasaki Kisen Kaisha improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Kawasaki Kisen Kaisha'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 Shipping 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.
Kawasaki Kisen Kaisha has a total score of 0/6, 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.

KAIK.Y Health

 How is Kawasaki Kisen Kaisha'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 Kawasaki Kisen Kaisha's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kawasaki Kisen Kaisha is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kawasaki Kisen Kaisha's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kawasaki Kisen Kaisha'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 not covered by short term assets, assets are 0.6x 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 Kawasaki Kisen Kaisha Company Filings, last reported 1 month ago.

OTCPK:KAIK.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 213,258.00 497,827.00 117,737.00
2019-06-30 208,777.00 500,872.00 120,884.00
2019-03-31 181,232.00 502,129.00 143,201.00
2018-12-31 264,011.00 521,140.00 134,925.00
2018-09-30 284,602.00 531,507.00 145,054.00
2018-06-30 280,344.00 475,960.00 137,700.00
2018-03-31 243,092.00 473,527.00 200,606.00
2017-12-31 259,928.00 451,016.00 192,659.00
2017-09-30 258,109.00 461,644.00 215,644.00
2017-06-30 253,175.00 505,699.00 205,102.00
2017-03-31 245,480.00 513,832.00 199,678.00
2016-12-31 335,443.00 485,506.00 193,078.00
2016-09-30 306,179.00 507,280.00 229,003.00
2016-06-30 330,391.00 475,888.00 214,304.00
2016-03-31 379,912.00 480,834.00 241,101.00
2015-12-31 451,771.00 475,293.00 237,676.00
2015-09-30 461,781.00 491,090.00 260,095.00
2015-06-30 477,412.00 486,434.00 240,132.00
2015-03-31 467,439.00 491,920.00 242,432.00
2014-12-31 473,861.00 509,869.00 201,814.00
2014-09-30 446,572.00 526,892.00 216,455.00
2014-06-30 407,161.00 540,542.00 196,475.00
2014-03-31 410,687.00 549,345.00 236,392.00
2013-12-31 421,396.00 575,014.00 236,785.00
2013-09-30 405,094.00 579,439.00 231,106.00
2013-06-30 405,094.00 579,439.00 231,106.00
2013-03-31 361,975.00 600,021.00 162,128.00
2012-12-31 308,705.00 560,537.00 141,431.00
  • Kawasaki Kisen Kaisha's level of debt (211.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (107.5% vs 211.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Kawasaki Kisen Kaisha has sufficient cash runway for 1.2 years based on current free cash flow.
  • Unable to confirm if Kawasaki Kisen Kaisha has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Kawasaki Kisen Kaisha'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. Kawasaki Kisen Kaisha has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

KAIK.Y Dividends

 What is Kawasaki Kisen Kaisha's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Kawasaki Kisen Kaisha dividends. Estimated to be 0.2% next year.
If you bought $2,000 of Kawasaki Kisen Kaisha shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Kawasaki Kisen Kaisha's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kawasaki Kisen Kaisha's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
OTCPK:KAIK.Y 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 9 Analyst Estimates (S&P Global) See Below
United States of America Shipping Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1955 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:KAIK.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 10.25 4.00
2021-03-31 3.17 6.00
2020-03-31 0.29 7.00
2019-11-18
OTCPK:KAIK.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-02-13 0.000 0.000
2017-11-13 0.000 0.000
2017-10-31 0.000 0.000
2017-08-07 0.000 0.000
2017-07-31 0.000 0.000
2017-06-23 0.000 0.000
2017-04-28 0.000 0.000
2017-02-09 0.000 0.000
2017-01-31 0.000 0.000
2016-11-14 0.000 0.000
2016-10-31 0.000 0.000
2016-06-24 50.000 1.942
2016-04-28 50.000 2.205
2016-01-29 50.000 2.385
2015-10-30 50.000 2.082
2015-08-10 50.000 1.812
2015-08-04 50.000 1.740
2015-04-30 85.000 2.892
2015-02-13 50.000 1.499
2015-01-30 50.000 1.530
2014-11-14 50.000 1.588
2014-10-31 50.000 1.819
2014-06-25 50.000 2.191
2014-04-30 50.000 2.320
2013-10-09 35.000 1.509
2013-09-10 35.000 1.503
2013-04-30 35.000 1.659
2013-02-08 0.000 0.000
2013-01-31 0.000 0.000
2012-11-01 0.000 0.000
2012-10-31 0.000 0.000
2012-08-10 0.000 0.000
2012-07-31 0.000 0.000
2012-06-26 0.000 0.000
2012-04-27 0.000 0.000
2012-02-10 0.000 0.000
2012-01-31 0.000 0.000
2011-11-11 0.000 0.000
2011-10-31 0.000 0.000
2011-06-24 110.000 5.550
2011-04-28 110.000 4.069
2011-02-10 120.000 3.834
2011-01-17 120.000 3.369
2010-11-12 120.000 3.369
2010-10-29 120.000 3.665
2010-06-25 55.000 1.639
2010-04-27 55.000 1.498
2009-10-15 0.000 0.000
2009-04-27 25.000 0.648

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

  • Unable to perform a dividend volatility check as Kawasaki Kisen Kaisha has not reported any payouts.
  • Unable to verify if Kawasaki Kisen Kaisha's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kawasaki Kisen Kaisha's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kawasaki Kisen Kaisha has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Kawasaki Kisen Kaisha's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Kawasaki Kisen Kaisha'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 Kawasaki Kisen Kaisha afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kawasaki Kisen Kaisha has a total score of 0/6, see the detailed checks below.


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

KAIK.Y Management

 What is the CEO of Kawasaki Kisen Kaisha'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
Yukikazu Myochin
AGE 58
TENURE AS CEO 0.6 years
CEO Bio

Mr. Yukikazu Myochin has been Chief Executive Officer and President of Kawasaki Kisen Kaisha Ltd. since April 1, 2019. Mr. Myochin served as Senior Managing Executive Officer of Kawasaki Kisen Kaisha Ltd. since April 1, 2018 until April 1, 2019. Mr. Myochin was a Managing Executive Officer of Kawasaki Kisen Kaisha Ltd. since April 1, 2016 and served as its Executive Officer from April 1, 2011 and served as its General Manager of Containerships Strategic Group. Mr. Myochin serves as Chairman of Japan Ship Owners' Mutual Protection & Indemnity Association. He has been Representative Director of Kawasaki Kisen Kaisha Ltd. since June 2016. He joined Kawasaki Kisen Kaisha in April 1984.

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

Average tenure and age of the Kawasaki Kisen Kaisha management team in years:

0.7
Average Tenure
60
Average Age
  • The average tenure for the Kawasaki Kisen Kaisha management team is less than 2 years, this suggests a new team.
Management Team

Yukikazu Myochin

TITLE
CEO, President & Representative Director
AGE
58
TENURE
0.6 yrs

Harusato Nihei

TITLE
CFO, Senior Managing Executive Officer & Representative Director
AGE
62

Shuzo Kawano

TITLE
Chief Information Officer & Managing Executive Officer

Kiyoshi Tokonami

TITLE
General Manager of IR & PR Group

Yukio Toriyama

TITLE
Senior Managing Executive Officer
AGE
60
TENURE
0.4 yrs

Shingo Kogure

TITLE
Managing Executive Officer & Head of General Affairs
TENURE
3.6 yrs

Atsuo Asano

TITLE
Senior Managing Executive Officer & Representative Director
AGE
58

Kenji Sakamoto

TITLE
Senior Managing Executive Officer & President of "K" LINE AMERICA
TENURE
0.8 yrs

Kazuhiko Harigai

TITLE
Senior Managing Executive Officer & Director

Makoto Arai

TITLE
Managing Executive Officer
AGE
64
Board of Directors Tenure

Average tenure and age of the Kawasaki Kisen Kaisha board of directors in years:

0.6
Average Tenure
62
Average Age
  • The average tenure for the Kawasaki Kisen Kaisha board of directors is less than 3 years, this suggests a new board.
Board of Directors

Eizo Murakami

TITLE
Chairman of the Board
AGE
66
TENURE
0.6 yrs

Yukikazu Myochin

TITLE
CEO, President & Representative Director
AGE
58
TENURE
3.4 yrs

Harusato Nihei

TITLE
CFO, Senior Managing Executive Officer & Representative Director
AGE
62
TENURE
1.4 yrs

Yukio Toriyama

TITLE
Senior Managing Executive Officer
AGE
60
TENURE
0.4 yrs

Atsuo Asano

TITLE
Senior Managing Executive Officer & Representative Director
AGE
58

Kazuhiko Harigai

TITLE
Senior Managing Executive Officer & Director
TENURE
0.4 yrs

Akira Okabe

TITLE
Outside Director
AGE
72
TENURE
3.4 yrs

Seiichi Tanaka

TITLE
Outside Director
AGE
66
TENURE
3.4 yrs

Keiji Yamada

TITLE
Outside Director
TENURE
0.4 yrs

Ryuhei Uchida

TITLE
Outside Director
TENURE
0.4 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 Kawasaki Kisen Kaisha'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. Kawasaki Kisen Kaisha 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.

KAIK.Y News

Simply Wall St News

KAIK.Y Company Info

Description

Kawasaki Kisen Kaisha, Ltd. provides marine, land, and air transportation services in Japan and internationally. It operates through Dry Bulk, Energy Resource Transport, Product Logistics, and Other segments. The company offers containership services; dry bulk carrier services comprising transport of raw materials, such as coal, iron ore, wheat, soybeans, corn, woodchips, and pulp; car carrier services; liquefied natural gas (LNG) carrier services; marine transport of crude oil, oil derivatives, and liquefied petroleum gas (LPG) products through tankers; offshore support vessel services; offshore drilling services; and floating production storage and offloading services. It also offers logistics services, including air and sea freight forwarding, land transportation, warehousing, and buyer's consolidation services; and operates container terminals. The company operates a fleet of 54 short sea and coastal vessels; 64 containership vessels; 209 dry bulk carriers; 90 car carriers; 1 FPSO and drillship; 7 offshore support vessels; 22 oil tankers; and 47 LNG carriers; and 25 thermal coal carriers. Kawasaki Kisen Kaisha, Ltd. was founded in 1919 and is headquartered in Tokyo, Japan.

Details
Name: Kawasaki Kisen Kaisha, Ltd.
KAIK.Y
Exchange: OTCPK
Founded: 1919
¥1,587,181,714
93,272,636
Website: http://www.kline.co.jp
Address: Kawasaki Kisen Kaisha, Ltd.
Iino Building,
1-1, Uchisaiwaicho 2-chome,
Tokyo,
100-8540,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9107 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB KLI1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK KAIK.Y UNSPONSORED ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
6,022
Kawasaki Kisen Kaisha employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 00:20
End of day share price update: 2019/10/23 00:00
Last estimates confirmation: 2019/10/31
Last earnings filing: 2019/11/11
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.