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NGKrk Plug

DB:NGK
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NGK
DB
¥395B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

NGK Spark Plug Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines; and technical ceramics and applicable products. The last earnings update was 23 days ago. More info.


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NGK Share Price and Events
7 Day Returns
-2.1%
DB:NGK
-0.1%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-35%
DB:NGK
-40.5%
DE Auto Components
-8.3%
DE Market
NGK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NGKrk Plug (NGK) -2.1% -1% -14.2% -35% 2.2% -28.4%
DE Auto Components -0.1% -2% -23.2% -40.5% -34.1% -33.3%
DE Market -0.6% 1.8% -3.2% -8.3% 8.9% 10.6%
1 Year Return vs Industry and Market
  • NGK outperformed the Auto Components industry which returned -40.5% over the past year.
  • NGK underperformed the Market in Germany which returned -8.3% over the past year.
Price Volatility
NGK
Industry
5yr Volatility vs Market

Value

 Is NGKrk Plug 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 NGKrk Plug 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 NGKrk Plug.

DB:NGK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:NGK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.265 (1 + (1- 30.86%) (28.05%))
1.342
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.342 * 5.96%)
8.23%

Discounted Cash Flow Calculation for DB:NGK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NGKrk Plug 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.

DB:NGK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.23%)
2020 10,504.25 Analyst x4 9,705.78
2021 25,043.14 Analyst x7 21,380.59
2022 31,728.60 Analyst x5 25,029.21
2023 36,984.69 Est @ 16.57% 26,957.75
2024 41,298.75 Est @ 11.66% 27,814.03
2025 44,699.09 Est @ 8.23% 27,815.77
2026 47,305.88 Est @ 5.83% 27,200.25
2027 49,269.40 Est @ 4.15% 26,175.84
2028 50,734.62 Est @ 2.97% 24,905.38
2029 51,825.48 Est @ 2.15% 23,507.01
Present value of next 10 years cash flows ¥240,491.62
DB:NGK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥51,825.48 × (1 + 0.23%) ÷ (8.23% – 0.23%)
¥649,397.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥649,397.54 ÷ (1 + 8.23%)10
¥294,553.88
DB:NGK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥240,491.62 + ¥294,553.88
¥535,045.50
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥535,045.50 / 208.17
¥2570.21
DB:NGK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NGK represents 0.00815x of TSE:5334
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00815x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,570.21 x 0.00815
€20.95
Value per share (EUR) From above. €20.95
Current discount Discount to share price of €15.46
= -1 x (€15.46 - €20.95) / €20.95
26.2%

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

Current Discount
Amount off the current price NGKrk Plug is available for.
Intrinsic value
26%
Share price is €15.46 vs Future cash flow value of €20.95
Current Discount Checks
For NGKrk Plug to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NGKrk Plug's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NGKrk Plug's share price is below the future cash flow value, but not 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 NGKrk Plug's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NGKrk Plug's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NGK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥205.58
TSE:5334 Share Price ** TSE (2019-07-18) in JPY ¥1897
Germany Auto Components Industry PE Ratio Median Figure of 11 Publicly-Listed Auto Components Companies 13.81x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.71x

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

** Primary Listing of NGKrk Plug.

DB:NGK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5334 Share Price ÷ EPS (both in JPY)

= 1897 ÷ 205.58

9.23x

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

  • NGKrk Plug is good value based on earnings compared to the DE Auto Components industry average.
  • NGKrk Plug is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does NGKrk Plug's expected growth come at a high price?
Raw Data
DB:NGK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
9.2%per year
Germany Auto Components Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Components Companies 0.61x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:NGK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.23x ÷ 9.2%

1.01x

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

  • NGKrk Plug is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NGKrk Plug's assets?
Raw Data
DB:NGK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,917.88
TSE:5334 Share Price * TSE (2019-07-18) in JPY ¥1897
Germany Auto Components Industry PB Ratio Median Figure of 12 Publicly-Listed Auto Components Companies 1.24x
Germany Market PB Ratio Median Figure of 569 Publicly-Listed Companies 1.75x
DB:NGK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5334 Share Price ÷ Book Value per Share (both in JPY)

= 1897 ÷ 1,917.88

0.99x

* Primary Listing of NGKrk Plug.

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

  • NGKrk Plug is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess NGKrk Plug'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. NGKrk Plug 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.

Future Performance

 How is NGKrk Plug expected to perform in the next 1 to 3 years based on estimates from 14 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
9.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NGKrk Plug expected to grow at an attractive rate?
  • NGKrk Plug's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • NGKrk Plug's earnings growth is positive but not above the Germany market average.
  • NGKrk Plug's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NGK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NGK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 9.2%
DB:NGK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 5.8%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
DB:NGK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NGK Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 505,360 76,629 56,242 9
2021-03-31 482,950 71,878 54,404 13
2020-03-31 456,380 61,115 49,788 14
DB:NGK Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 425,013 43,704 42,813
2018-12-31 422,484 46,082 45,220
2018-09-30 420,724 58,716 46,244
2018-06-30 418,981 55,062 46,942
2018-03-31 409,912 65,707 44,335
2017-12-31 403,802 61,153 29,157
2017-09-30 391,168 46,746 32,567
2017-06-30 379,663 47,881 29,291
2017-03-31 372,919 49,764 25,602
2016-12-31 368,277 56,611 36,289
2016-09-30 371,585 52,711 33,651
2016-06-30 380,342 60,752 25,763

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NGKrk Plug's earnings are expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
  • NGKrk Plug's revenue is expected to grow by 5.8% 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
DB:NGK 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 14 Analyst Estimates (S&P Global) See Below

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

DB:NGK Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 268.39 336.30 207.75 10.00
2021-03-31 258.64 309.90 198.31 14.00
2020-03-31 237.17 283.60 188.87 15.00
DB:NGK Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 205.58
2018-12-31 216.38
2018-09-30 220.33
2018-06-30 222.66
2018-03-31 209.37
2017-12-31 137.51
2017-09-30 153.51
2017-06-30 137.52
2017-03-31 119.44
2016-12-31 168.24
2016-09-30 155.04
2016-06-30 118.38

*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.
  • NGKrk Plug is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NGKrk Plug'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
NGKrk Plug has a total score of 2/6, 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 NGKrk Plug 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 NGKrk Plug's growth in the last year to its industry (Auto Components).
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.
  • NGKrk Plug's year on year earnings growth rate has been positive over the past 5 years.
  • NGKrk Plug's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NGKrk Plug's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
NGKrk Plug'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 NGKrk Plug Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NGK Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 425,013.00 42,813.00 76,960.00 5,252.00
2018-12-31 422,484.00 45,220.00 74,998.00 4,448.00
2018-09-30 420,724.00 46,244.00 72,017.00 4,448.00
2018-06-30 418,981.00 46,942.00 69,577.00 4,448.00
2018-03-31 409,912.00 44,335.00 67,593.00 4,448.00
2017-12-31 403,802.00 29,157.00 65,105.00 4,089.00
2017-09-30 391,168.00 32,567.00 64,083.00 4,089.00
2017-06-30 379,663.00 29,291.00 62,857.00 4,089.00
2017-03-31 372,919.00 25,602.00 62,173.00 4,089.00
2016-12-31 368,277.00 36,289.00 61,307.00 5,401.00
2016-09-30 371,585.00 33,651.00 61,218.00 5,401.00
2016-06-30 380,342.00 25,763.00 62,928.00 5,401.00
2016-03-31 383,272.00 30,815.00 62,015.00 5,401.00
2015-12-31 377,685.00 32,550.00 62,275.00 4,596.00
2015-09-30 370,629.00 33,046.00 60,216.00 4,596.00
2015-06-30 357,113.00 39,145.00 56,975.00 4,596.00
2015-03-31 347,636.00 36,753.00 55,255.00 4,596.00
2014-12-31 342,208.00 37,015.00 54,091.00 4,017.00
2014-09-30 336,607.00 33,348.00 52,813.00 4,017.00
2014-06-30 332,117.00 35,601.00 50,994.00 4,017.00
2014-03-31 329,758.00 32,704.00 49,445.00 4,017.00
2013-12-31 352,147.00 34,818.00 50,717.00 3,733.00
2013-09-30 332,204.00 29,008.00 47,848.00 3,733.00
2013-06-30 316,761.00 26,126.00 45,597.00 3,733.00
2013-03-31 302,798.00 20,909.00 43,542.00 3,733.00
2012-12-31 276,396.00 22,795.00 40,835.00 3,542.00
2012-09-30 278,448.00 22,640.00 40,655.00 3,542.00

*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.
  • NGKrk Plug has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NGKrk Plug used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • NGKrk Plug's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NGKrk Plug'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 Auto Components 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.
NGKrk Plug has a total score of 2/6, 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 NGKrk Plug'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 NGKrk Plug's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NGKrk Plug is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NGKrk Plug's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NGKrk Plug'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 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from NGKrk Plug Company Filings, last reported 3 months ago.

DB:NGK Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 401,681.00 110,573.00 83,560.00
2018-12-31 393,925.00 104,224.00 74,488.00
2018-09-30 400,386.00 89,223.00 89,510.00
2018-06-30 386,336.00 118,352.00 114,704.00
2018-03-31 388,115.00 97,961.00 116,140.00
2017-12-31 393,064.00 98,584.00 112,816.00
2017-09-30 379,534.00 99,128.00 108,353.00
2017-06-30 362,962.00 99,060.00 101,479.00
2017-03-31 354,709.00 99,107.00 102,943.00
2016-12-31 363,232.00 96,013.00 96,450.00
2016-09-30 332,856.00 90,891.00 92,555.00
2016-06-30 331,510.00 87,868.00 93,455.00
2016-03-31 341,044.00 79,870.00 97,532.00
2015-12-31 355,307.00 79,872.00 92,452.00
2015-09-30 342,822.00 49,870.00 77,271.00
2015-06-30 358,322.00 55,110.00 100,986.00
2015-03-31 343,378.00 45,668.00 101,547.00
2014-12-31 337,295.00 46,054.00 93,074.00
2014-09-30 319,546.00 46,379.00 103,434.00
2014-06-30 308,603.00 56,570.00 96,594.00
2014-03-31 302,792.00 56,594.00 112,451.00
2013-12-31 304,811.00 56,630.00 104,961.00
2013-09-30 288,374.00 56,553.00 104,266.00
2013-06-30 277,743.00 26,450.00 67,611.00
2013-03-31 268,308.00 26,432.00 70,636.00
2012-12-31 243,219.00 26,437.00 67,100.00
2012-09-30 235,281.00 26,255.00 68,781.00
  • NGKrk Plug's level of debt (27.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.9% vs 27.6% today).
  • Debt is well covered by operating cash flow (39.5%, greater than 20% of total debt).
  • NGKrk Plug earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess NGKrk Plug'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. NGKrk Plug has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is NGKrk Plug'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
3.69%
Current annual income from NGKrk Plug dividends. Estimated to be 4.08% next year.
If you bought €2,000 of NGKrk Plug shares you are expected to receive €74 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?
  • NGKrk Plug's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • NGKrk Plug's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Upcoming dividend payment

Purchase NGKrk Plug before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NGK 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 14 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany 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.

DB:NGK Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 83.30 10.00
2021-03-31 79.43 14.00
2020-03-31 71.29 14.00
DB:NGK Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 70.000 3.538
2019-04-26 70.000 3.618
2019-01-30 70.000 3.105
2018-11-09 70.000 3.118
2018-10-29 70.000 2.870
2018-07-30 70.000 2.296
2018-06-26 70.000 2.262
2018-04-27 70.000 2.280
2018-02-14 60.000 2.305
2018-01-31 60.000 2.182
2017-11-10 60.000 2.234
2017-10-30 60.000 2.282
2017-06-29 54.000 2.380
2017-05-09 54.000 2.304
2017-02-10 42.000 1.676
2017-01-30 42.000 1.682
2016-11-11 42.000 1.680
2016-10-31 42.000 2.040
2016-06-29 42.000 2.347
2016-05-09 42.000 2.222
2016-02-12 42.000 1.967
2016-01-29 42.000 1.622
2015-11-13 42.000 1.348
2015-10-30 42.000 1.322
2015-06-26 42.000 1.362
2015-05-08 42.000 1.156
2015-02-13 36.000 1.095
2015-01-30 36.000 1.069
2014-11-14 36.000 1.004
2014-10-30 36.000 1.127
2014-07-31 32.000 1.039
2014-06-27 32.000 1.088
2014-05-08 32.000 1.157
2014-02-14 26.000 1.117
2014-01-31 26.000 1.142
2013-11-14 26.000 1.078
2013-10-30 26.000 1.154
2013-06-27 22.000 1.070
2013-05-08 22.000 1.185
2013-02-14 22.000 1.537
2013-01-31 22.000 1.908
2012-11-14 22.000 2.071
2012-10-30 22.000 2.456
2012-06-28 22.000 2.462
2012-05-08 22.000 2.130
2012-02-14 22.000 1.963
2012-01-31 22.000 2.195
2011-11-14 22.000 2.311
2011-10-31 22.000 2.241
2011-07-29 22.000 2.178
2011-06-29 22.000 1.944
2011-05-06 22.000 2.041
2011-02-14 22.000 1.946
2011-01-31 22.000 1.794
2010-11-12 22.000 1.747
2010-10-29 22.000 1.936
2010-06-29 18.000 1.639
2010-05-07 18.000 1.513
2010-02-12 11.000 0.937
2010-02-01 11.000 1.000
2009-11-13 11.000 1.078
2009-10-29 11.000 1.084
2009-05-08 11.000 1.117
2009-02-13 27.000 3.196
2009-01-30 27.000 3.778
2008-11-14 27.000 3.682
2008-10-30 27.000 3.102

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 NGKrk Plug's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x 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 NGKrk Plug'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 NGKrk Plug afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NGKrk Plug 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 NGKrk Plug'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
Shin Odo
COMPENSATION ¥136,000,000
TENURE AS CEO 7.3 years
CEO Bio

Mr. Shinichi Odo, also known as Shin, has been the Chief Executive Officer of NGK Spark Plug Co., Ltd. since April 2012 and has been its President since June 2011. Mr. Odo has been Chairman of NGK Spark Plug Co., Ltd. since April 7, 2016. Mr. Odo served as Chief Executive Officer and President of NGK Spark Plugs USA, Inc. He served as Managing Director of NGK Spark Plug Co. Ltd. Mr. Odo serves as Representative Director of NGK Spark Plug Co., Ltd.

CEO Compensation
  • Shin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Shin's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the NGKrk Plug management team in years:

3.3
Average Tenure
  • The tenure for the NGKrk Plug management team is about average.
Management Team

Shin Odo

TITLE
Chairman of the Board
COMPENSATION
¥136M
TENURE
7.3 yrs

Takahiro Suzuki

TITLE
Senior Managing Officer

Yoshitaka Narita

TITLE
Senior Managing Officer

Kozo Amano

TITLE
Senior Managing Officer

Teppei Okawa

TITLE
VP Officer & Representative Director
TENURE
3.3 yrs

Takeshi Kawai

TITLE
Senior Managing Officer & Director
TENURE
3.3 yrs

Masahiko Okuyama

TITLE
Managing Officer & Medical Division Manager of Tokyo Branch

Kozo Yamasaki

TITLE
Managing Officer

Takio Kojima

TITLE
Managing Officer & Director

Toru Matsui

TITLE
Managing Officer & Director
Board of Directors Tenure

Average tenure of the NGKrk Plug board of directors in years:

3.2
Average Tenure
  • The tenure for the NGKrk Plug board of directors is about average.
Board of Directors

Shin Odo

TITLE
Chairman of the Board
COMPENSATION
¥136M
TENURE
3.3 yrs

Teppei Okawa

TITLE
VP Officer & Representative Director
TENURE
8.1 yrs

Takeshi Kawai

TITLE
Senior Managing Officer & Director
TENURE
4.1 yrs

Takio Kojima

TITLE
Managing Officer & Director
TENURE
1.1 yrs

Toru Matsui

TITLE
Managing Officer & Director
TENURE
1.1 yrs

Mikihiko Kato

TITLE
Corporate Officer & Director
TENURE
2.1 yrs

Kenji Isobe

TITLE
Corporate Officer & Director
TENURE
1.1 yrs

Morihiko Otaki

TITLE
Outside Director
AGE
65
TENURE
6.1 yrs

Kanemaru Yasui

TITLE
Outside Director
AGE
68
TENURE
5.1 yrs

Megumi Tamagawa

TITLE
Outside Director
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess NGKrk Plug'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. NGKrk Plug 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

NGK Spark Plug Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines; and technical ceramics and applicable products. The company offers spark plugs, including plugs for aftermarket and original equipment, igniter plugs, and resister cables and covers; glow plugs comprising ceramic and metal type glow plugs, and glow controllers; and oxygen, NOx, temperature, and knock sensors. It also provides semiconductor components, such as IC packages; and medical products. In addition, the company offers fine ceramics, including wear-resistant parts, ultrasonic transducers and sensors, electric insulators, electric equipment products, electronic spark ignition units, and other ceramic products. Further, it provides cutting tools comprising ceramic, cermet, micro grain carbide, coated carbide, and cubic boron nitride grades, as well as SS and rotational tools. The company sells its spark plugs, glow plugs, and related products under the NGK brand; and IC packages, sensors for exhaust gas cleaning, ceramic tools, and other items under the NTK brand. The company was founded in 1936 and is headquartered in Nagoya, Japan.

Details
Name: NGK Spark Plug Co., Ltd.
NGK
Exchange: DB
Founded: 1936
¥3,263,804,488
208,172,249
Website: http://www.ngkntk.co.jp
Address: NGK Spark Plug Co., Ltd.
14-18, Takatsuji-cho,
Mizuho-ku,
Nagoya,
Aichi, 467-8525,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5334 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK NGKS.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB NGK Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK NGKS.Y ADR Pink Sheets LLC US USD 30. Oct 2008
Number of employees
Current staff
Staff numbers
15,994
NGKrk Plug employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 20:34
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/06/25
Last earnings reported: 2019/03/31
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.