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Suzuki Motor

DB:SUK
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUK
DB
¥2,296B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Suzuki Motor Corporation manufactures and markets automobiles, motorcycles, and marine and power products in Japan, rest of Asia, Europe, North America, and internationally. The last earnings update was 48 days ago. More info.


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SUK Share Price and Events
7 Day Returns
-0.7%
DB:SUK
-2.9%
DE Auto
-1.8%
DE Market
1 Year Returns
-6.7%
DB:SUK
-13.3%
DE Auto
-7.3%
DE Market
SUK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Suzuki Motor (SUK) -0.7% -12.6% -8.3% -6.7% 71.2% 109.2%
DE Auto -2.9% -3.4% 1% -13.3% -0.2% -20.7%
DE Market -1.8% -0.3% 6.8% -7.3% 7.5% 6.9%
1 Year Return vs Industry and Market
  • SUK outperformed the Auto industry which returned -13.3% over the past year.
Price Volatility
SUK
Industry
5yr Volatility vs Market

SUK Value

 Is Suzuki Motor 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 Suzuki Motor 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 Suzuki Motor.

DB:SUK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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:SUK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Auto Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.563 (1 + (1- 30.86%) (17.72%))
0.753
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

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

The calculations below outline how an intrinsic value for Suzuki Motor 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:SUK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2019 154,759.55 Analyst x9 147,395.66
2020 177,582.22 Analyst x9 161,084.58
2021 206,798.88 Analyst x9 178,661.07
2022 218,402.87 Analyst x2 179,707.97
2023 226,902.26 Est @ 3.89% 177,817.73
2024 233,238.57 Est @ 2.79% 174,086.00
2025 237,957.38 Est @ 2.02% 169,156.97
2026 241,490.14 Est @ 1.48% 163,499.86
2027 244,164.97 Est @ 1.11% 157,444.89
2028 246,225.09 Est @ 0.84% 151,218.45
Present value of next 10 years cash flows ¥1,660,073.17
DB:SUK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥246,225.09 × (1 + 0.23%) ÷ (5% – 0.23%)
¥5,175,891.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥5,175,891.10 ÷ (1 + 5%)10
¥3,178,758.89
DB:SUK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,660,073.17 + ¥3,178,758.89
¥4,838,832.06
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥4,838,832.06 / 461.23
¥10491.05
DB:SUK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SUK represents 0.00793x of TSE:7269
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00793x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 10,491.05 x 0.00793
€83.25
Value per share (EUR) From above. €83.25
Current discount Discount to share price of €39.50
= -1 x (€39.50 - €83.25) / €83.25
52.6%

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

Current Discount
Amount off the current price Suzuki Motor is available for.
Intrinsic value
>50%
Share price is €39.5 vs Future cash flow value of €83.25
Current Discount Checks
For Suzuki Motor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Suzuki Motor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Suzuki Motor'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 Suzuki Motor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Suzuki Motor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SUK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥518.83
TSE:7269 Share Price ** TSE (2019-03-25) in JPY ¥4978
Germany Auto Industry PE Ratio Median Figure of 6 Publicly-Listed Auto Companies 6.93x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.2x

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

** Primary Listing of Suzuki Motor.

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

= TSE:7269 Share Price ÷ EPS (both in JPY)

= 4978 ÷ 518.83

9.59x

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

  • Suzuki Motor is overvalued based on earnings compared to the DE Auto industry average.
  • Suzuki Motor is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Suzuki Motor's expected growth come at a high price?
Raw Data
DB:SUK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
3.4%per year
Europe Auto Industry PEG Ratio Median Figure of 9 Publicly-Listed Auto Companies 0.72x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.59x ÷ 3.4%

2.83x

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

  • Suzuki Motor is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Suzuki Motor's assets?
Raw Data
DB:SUK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥3,004.66
TSE:7269 Share Price * TSE (2019-03-25) in JPY ¥4978
Germany Auto Industry PB Ratio Median Figure of 8 Publicly-Listed Auto Companies 1x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.78x
DB:SUK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7269 Share Price ÷ Book Value per Share (both in JPY)

= 4978 ÷ 3,004.66

1.66x

* Primary Listing of Suzuki Motor.

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

  • Suzuki Motor is overvalued based on assets compared to the DE Auto industry average.
X
Value checks
We assess Suzuki Motor'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 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 industry average (and greater than 0)? (1 check)
  5. Suzuki Motor has a total score of 3/6, 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.

SUK Future Performance

 How is Suzuki Motor expected to perform in the next 1 to 3 years based on estimates from 20 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
3.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Suzuki Motor expected to grow at an attractive rate?
  • Suzuki Motor's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Suzuki Motor's earnings growth is positive but not above the Germany market average.
  • Suzuki Motor's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SUK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SUK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 3.4%
DB:SUK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 3.6%
Germany Auto Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
Europe Auto Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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:SUK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SUK Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 4,258,000 544,000 1
2022-03-31 4,295,319 488,500 266,112 3
2021-03-31 4,207,075 467,174 252,329 19
2020-03-31 4,014,704 433,234 236,234 20
2019-03-31 3,873,671 431,273 237,224 20
DB:SUK Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 3,871,169 424,039 232,189
2018-09-30 3,855,556 443,317 247,705
2018-06-30 3,875,375 488,197 236,210
2018-03-31 3,757,219 445,171 215,730
2017-12-31 3,642,460 392,316 190,923
2017-09-30 3,501,683 408,007 164,237
2017-06-30 3,284,824 316,665 187,432
2017-03-31 3,169,542 366,315 159,956
2016-12-31 3,077,034 379,482 147,755
2016-09-30 3,124,093 396,652 137,536
2016-06-30 3,161,837 324,267 122,916
2016-03-31 3,180,659 294,095 116,660

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Suzuki Motor's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
  • Suzuki Motor's revenue is expected to grow by 3.6% 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:SUK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

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

DB:SUK Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31 576.97 655.25 498.70 2.00
2021-03-31 560.31 641.00 487.80 20.00
2020-03-31 522.69 626.00 476.00 21.00
2019-03-31 516.20 547.44 476.00 21.00
DB:SUK Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 518.83
2018-09-30 559.22
2018-06-30 535.11
2018-03-31 488.86
2017-12-31 432.71
2017-09-30 372.23
2017-06-30 424.81
2017-03-31 362.54
2016-12-31 333.85
2016-09-30 308.97
2016-06-30 263.47
2016-03-31 234.98

*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.
  • Suzuki Motor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Suzuki Motor'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 Europe 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.
Suzuki Motor has a total score of 1/6, 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.

SUK Past Performance

  How has Suzuki Motor 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 Suzuki Motor's growth in the last year to its industry (Auto).
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.
  • Suzuki Motor's year on year earnings growth rate has been positive over the past 5 years.
  • Suzuki Motor's 1-year earnings growth exceeds its 5-year average (21.6% vs 19.3%)
  • Suzuki Motor's earnings growth has exceeded the DE Auto industry average in the past year (21.6% vs -3.6%).
Earnings and Revenue History
Suzuki Motor'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 Suzuki Motor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SUK Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,871,169.00 232,189.00 777,616.00
2018-09-30 3,855,556.00 247,705.00 552,913.00 139,390.00
2018-06-30 3,875,375.00 236,210.00 547,391.00 139,390.00
2018-03-31 3,757,219.00 215,730.00 530,674.00 139,390.00
2017-12-31 3,642,460.00 190,923.00 690,996.00
2017-09-30 3,501,683.00 164,237.00 498,907.00 131,539.00
2017-06-30 3,284,824.00 187,432.00 471,957.00 131,539.00
2017-03-31 3,169,542.00 159,956.00 465,840.00 131,539.00
2016-12-31 3,077,034.00 147,755.00 470,506.00 131,031.00
2016-09-30 3,124,093.00 137,536.00 483,135.00 131,031.00
2016-06-30 3,161,837.00 122,916.00 484,606.00 131,031.00
2016-03-31 3,180,659.00 116,660.00 485,298.00 131,031.00
2015-12-31 3,228,058.00 119,226.00 522,597.00 125,896.00
2015-09-30 3,140,294.00 121,968.00 502,847.00 125,896.00
2015-06-30 3,077,912.00 91,037.00 485,839.00 125,896.00
2015-03-31 3,015,461.00 96,862.00 471,739.00 125,896.00
2014-12-31 3,005,559.00 104,895.00 435,729.00 127,090.00
2014-09-30 2,998,814.00 109,779.00 430,964.00 127,090.00
2014-06-30 2,972,916.00 117,977.00 438,629.00 127,090.00
2014-03-31 2,938,314.00 107,484.00 432,634.00 127,090.00
2013-12-31 2,831,308.00 114,448.00 417,033.00 119,269.00
2013-09-30 2,721,681.00 90,138.00 392,114.00 119,269.00
2013-06-30 2,609,352.00 82,951.00 355,061.00 119,269.00
2013-03-31 2,578,317.00 80,389.00 340,785.00 119,269.00
2012-12-31 2,536,955.00 61,696.00 328,724.00 109,848.00
2012-09-30 2,512,842.00 63,779.00 329,080.00 109,848.00
2012-06-30 2,549,616.00 59,626.00 320,964.00 109,848.00
2012-03-31 2,512,186.00 53,887.00 318,195.00 109,848.00

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

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

SUK Health

 How is Suzuki Motor'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 Suzuki Motor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Suzuki Motor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Suzuki Motor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Suzuki Motor'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 3.8x 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 Suzuki Motor Company Filings, last reported 2 months ago.

DB:SUK Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,692,603.00 406,797.00 656,685.00
2018-09-30 1,675,728.00 381,527.00 740,263.00
2018-06-30 1,645,445.00 585,905.00 922,606.00
2018-03-31 1,595,226.00 577,909.00 947,113.00
2017-12-31 1,617,563.00 656,101.00 1,032,400.00
2017-09-30 1,527,551.00 641,838.00 1,066,273.00
2017-06-30 1,471,847.00 671,580.00 1,049,628.00
2017-03-31 1,387,040.00 639,871.00 1,032,708.00
2016-12-31 1,350,819.00 670,279.00 994,890.00
2016-09-30 1,183,781.00 639,800.00 1,003,622.00
2016-06-30 1,133,153.00 631,989.00 922,124.00
2016-03-31 1,187,702.00 529,286.00 776,758.00
2015-12-31 1,246,081.00 590,012.00 797,609.00
2015-09-30 1,203,613.00 420,766.00 536,088.00
2015-06-30 1,743,842.00 471,186.00 1,064,128.00
2015-03-31 1,701,388.00 554,667.00 1,143,160.00
2014-12-31 1,664,391.00 482,466.00 991,524.00
2014-09-30 1,565,730.00 453,257.00 984,777.00
2014-06-30 1,509,505.00 443,286.00 950,886.00
2014-03-31 1,494,355.00 445,327.00 971,340.00
2013-12-31 1,467,523.00 456,241.00 912,484.00
2013-09-30 1,374,977.00 421,378.00 886,385.00
2013-06-30 1,348,040.00 431,251.00 861,932.00
2013-03-31 1,298,552.00 427,481.00 838,618.00
2012-12-31 1,177,412.00 439,873.00 788,227.00
2012-09-30 1,113,840.00 433,362.00 831,962.00
2012-06-30 1,088,599.00 431,765.00 842,388.00
2012-03-31 1,111,758.00 439,765.00 834,338.00
  • Suzuki Motor's level of debt (24%) 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 (31.1% vs 24% today).
  • Debt is well covered by operating cash flow (104.2%, greater than 20% of total debt).
  • Suzuki Motor earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Suzuki Motor'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. Suzuki Motor 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.

SUK Dividends

 What is Suzuki Motor'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
1.49%
Current annual income from Suzuki Motor dividends. Estimated to be 1.75% next year.
If you bought €2,000 of Suzuki Motor shares you are expected to receive €30 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?
  • Suzuki Motor's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.52%).
  • Suzuki Motor's dividend is below the markets top 25% of dividend payers in Germany (3.9%).
Upcoming dividend payment

Purchase Suzuki Motor on or 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:SUK 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 20 Analyst Estimates (S&P Global) See Below
Europe Auto Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:SUK Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 130.00 1.00
2022-03-31 101.33 3.00
2021-03-31 94.61 19.00
2020-03-31 84.56 20.00
2019-03-31 78.05 20.00
DB:SUK Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-05 74.000 1.363
2018-06-28 74.000 1.215
2018-05-10 74.000 1.179
2018-02-13 60.000 1.029
2018-02-05 60.000 0.993
2017-11-13 60.000 0.948
2017-11-02 60.000 0.964
2017-06-30 44.000 0.777
2017-05-12 44.000 0.835
2016-11-04 34.000 0.788
2016-06-30 32.000 0.972
2016-05-10 32.000 1.146
2015-11-04 32.000 0.982
2015-06-30 27.000 0.671
2015-05-11 27.000 0.643
2014-05-09 28.000 0.807
2014-02-13 20.000 0.745
2014-02-06 20.000 0.763
2013-11-01 20.000 0.756
2013-08-01 18.000 0.770
2013-05-09 20.000 0.814
2013-02-13 16.000 0.703
2013-02-07 16.000 0.690
2012-11-13 16.000 0.754
2012-11-09 16.000 0.893
2012-08-02 15.000 0.955
2012-06-28 18.000 1.203
2012-05-10 15.000 0.912
2012-02-06 14.000 0.733
2011-11-09 14.000 0.863
2011-08-03 13.000 0.805
2011-05-10 13.000 0.730
2011-02-07 12.000 0.647
2010-11-12 12.000 0.590
2010-11-02 12.000 0.588
2010-08-03 12.000 0.665
2010-06-29 12.000 0.666
2010-05-10 12.000 0.649
2010-02-12 10.000 0.503
2010-02-05 10.000 0.500
2009-11-13 10.000 0.460
2009-11-02 10.000 0.458
2009-06-29 16.000 0.734
2009-05-11 16.000 0.769
2009-03-26 16.000 0.873

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 Suzuki Motor's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.4x 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 Suzuki Motor'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 Suzuki Motor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Suzuki Motor has a total score of 2/6, see the detailed checks below.


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

SUK Management

 What is the CEO of Suzuki Motor'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
Toshihiro Suzuki
AGE 59
TENURE AS CEO 2.8 years
CEO Bio

Mr. Toshihiro Suzuki has been the President since June 2015 and was Chief Operating Officer of Suzuki Motor Corporation from June 2015 till 2018 and was its Chief Executive Officer from June 29, 2016 to 2018. Mr. Suzuki has been Vice President of General Motors Corp. since June 2011. He served as a Senior Managing Executive Officer and Senior Managing Director of Suzuki Motor Corp. He joined Suzuki Motor Corp. in January 1994. He served as Plant Manager of Iwata Plant since December 2000. He Stationed to General Motors Corp. (America) in April 2001. He served as Executive Vice President at Suzuki Motor Corporation since 2011. He served as Senior Managing Officer of Suzuki Motor Corporation in 2006. He served as an Executive Officer of General Motors Corp. since June 2006. He has been a Director of Chubu Gas Co.,Ltd. since March 2012. He has been a Non-Executive Director at Maruti Suzuki India Limited since October 28, 2013. He has been a Representative Director of General Motors Corp. since June 2011. He served as Non-Executive Director at Pak Suzuki Motor Co. Ltd. since February 2015 until February 6, 2018. He has been a Representative Director of Suzuki Motor Corporation since June 30, 2015. He served as a Director of General Motors Corp. since June 2003. He served as a Director at Suzuki Motor Corporation in since 2003. He is a graduate from Tokyo University of Science, Japan. Mr. Suzuki holds a Master's degree.

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

Average tenure and age of the Suzuki Motor management team in years:

1.2
Average Tenure
63
Average Age
  • The average tenure for the Suzuki Motor management team is less than 2 years, this suggests a new team.
Management Team

Toshihiro Suzuki

TITLE
President & Representative Director
AGE
59
TENURE
2.8 yrs

Taisuke Toyoda

TITLE
Managing Officer & Executive GM of Finance

Osamu Honda

TITLE
Senior Technical Executive & Director

Seiji Kobayash

TITLE
General Manager of Corporate Management & Investor Relation Department - Corporate Planning Office

Aritaka Okajima

TITLE
General Manager of Corporate Communications Department

Kenichi Ayukawa

TITLE
Executive Vice President
AGE
63

Shigeyuki Yamamura

TITLE
Managing Officer

Shuichi Mishima

TITLE
GM & Head of Engineering
TENURE
0.8 yrs

Ichizo Aoyama

TITLE
President of Automotive Electronics Power Private Ltd.
TENURE
0.8 yrs

Tsuneo Ohashi

TITLE
President of Thai Suzuki Motor Co.
AGE
66
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Suzuki Motor board of directors in years:

3.8
Average Tenure
72
Average Age
  • The tenure for the Suzuki Motor board of directors is about average.
Board of Directors

Osamu Suzuki

TITLE
Chairman of the Board
COMPENSATION
¥160M
AGE
88

Toshihiro Suzuki

TITLE
President & Representative Director
AGE
59
TENURE
3.8 yrs

Yasuhito Harayama

TITLE
Vice Chairman
AGE
62
TENURE
3.8 yrs

Osamu Honda

TITLE
Senior Technical Executive & Director

Hiroaki Matsuura

TITLE
Managing Officer
TENURE
2.8 yrs

Masahiko Nagao

TITLE
Managing Officer
TENURE
3.8 yrs

Masakazu Iguchi

TITLE
Outside Director

Sakutaro Tanino

TITLE
Outside Director
AGE
82

Eiji Mochizuki

TITLE
Audit & Supervisory Board Member
TENURE
2.8 yrs

Kunio Nakamura

TITLE
Audit & Supervisory Board Member
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Suzuki Motor'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. Suzuki Motor 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.

SUK News

Simply Wall St News

SUK Company Info

Description

Suzuki Motor Corporation manufactures and markets automobiles, motorcycles, and marine and power products in Japan, rest of Asia, Europe, North America, and internationally. It offers mini-vehicles, sub-compact vehicles, standard-sized vehicles, all-terrain vehicles, outboard motors, motorized wheelchairs, electro senior vehicles, houses, etc. The company was founded in 1909 and is headquartered in Hamamatsu, Japan.

Details
Name: Suzuki Motor Corporation
SUK
Exchange: DB
Founded: 1909
¥18,431,159,543
461,234,086
Website: http://www.suzuki.co.jp
Address: Suzuki Motor Corporation
300, Takatsuka-cho,
Minami-Ku,
Hamamatsu,
Shizuoka, 432-8611,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7269 Common Stock The Tokyo Stock Exchange JP JPY 02. Jan 1992
OTCPK SZKM.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB SUK Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK SZKM.Y UNSPONSORD ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
65,179
Suzuki Motor employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 20:57
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2019/03/24
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.