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JALUX

DB:JB2
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JB2
DB
¥31B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

JALUX Inc. engages in the aviation, life services, retail, and food and beverage business worldwide. The last earnings update was 67 days ago. More info.


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JB2 Share Price and Events
7 Day Returns
0.4%
DB:JB2
1.4%
DE Trade Distributors
1.8%
DE Market
1 Year Returns
-15.2%
DB:JB2
-5.4%
DE Trade Distributors
-6%
DE Market
JB2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JALUX (JB2) 0.4% -6.7% -3.8% -15.2% 16.2% 159.3%
DE Trade Distributors 1.4% 2.4% 14.2% -5.4% -3.5% 5.1%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • JB2 underperformed the Trade Distributors industry which returned -5.4% over the past year.
  • JB2 underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
JB2
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for JALUX's competitors could be found in our database.

JB2 Value

 Is JALUX 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 JALUX 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 JALUX.

DB:JB2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
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:JB2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.944 (1 + (1- 30.86%) (26.57%))
1.079
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.079 * 5.96%)
6.66%

Discounted Cash Flow Calculation for DB:JB2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JALUX 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:JB2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.66%)
2019 2,044.41 Est @ 32.8% 1,916.82
2020 2,515.17 Est @ 23.03% 2,211.03
2021 2,922.31 Est @ 16.19% 2,408.62
2022 3,255.44 Est @ 11.4% 2,515.73
2023 3,517.45 Est @ 8.05% 2,548.56
2024 3,718.01 Est @ 5.7% 2,525.76
2025 3,868.96 Est @ 4.06% 2,464.27
2026 3,981.55 Est @ 2.91% 2,377.72
2027 4,065.39 Est @ 2.11% 2,276.27
2028 4,128.09 Est @ 1.54% 2,167.13
Present value of next 10 years cash flows ¥23,411.91
DB:JB2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥4,128.09 × (1 + 0.23%) ÷ (6.66% – 0.23%)
¥64,363.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥64,363.96 ÷ (1 + 6.66%)10
¥33,789.20
DB:JB2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥23,411.91 + ¥33,789.20
¥57,201.11
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥57,201.11 / 12.64
¥4524.12
DB:JB2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:JB2 represents 0.0078x of TSE:2729
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0078x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,524.12 x 0.0078
€35.30
Value per share (EUR) From above. €35.30
Current discount Discount to share price of €19.26
= -1 x (€19.26 - €35.30) / €35.30
45.4%

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

Current Discount
Amount off the current price JALUX is available for.
Intrinsic value
45%
Share price is €19.26 vs Future cash flow value of €35.3
Current Discount Checks
For JALUX to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JALUX's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • JALUX'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 JALUX's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JALUX's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JB2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥236.89
TSE:2729 Share Price ** TSE (2019-04-18) in JPY ¥2469
Germany Trade Distributors Industry PE Ratio Median Figure of 8 Publicly-Listed Trade Distributors Companies 15.76x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of JALUX.

DB:JB2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2729 Share Price ÷ EPS (both in JPY)

= 2469 ÷ 236.89

10.42x

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

  • JALUX is good value based on earnings compared to the DE Trade Distributors industry average.
  • JALUX is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does JALUX's expected growth come at a high price?
Raw Data
DB:JB2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
8.4%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 31 Publicly-Listed Trade Distributors Companies 1.87x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:JB2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.42x ÷ 8.4%

1.25x

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

  • JALUX is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on JALUX's assets?
Raw Data
DB:JB2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,879.45
TSE:2729 Share Price * TSE (2019-04-18) in JPY ¥2469
Germany Trade Distributors Industry PB Ratio Median Figure of 9 Publicly-Listed Trade Distributors Companies 1.33x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:JB2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2729 Share Price ÷ Book Value per Share (both in JPY)

= 2469 ÷ 1,879.45

1.31x

* Primary Listing of JALUX.

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

  • JALUX is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess JALUX'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. JALUX has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

JB2 Future Performance

 How is JALUX expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JALUX expected to grow at an attractive rate?
  • JALUX's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • JALUX's earnings growth is positive but not above the Germany market average.
  • JALUX's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JB2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JB2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 8.4%
DB:JB2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.2%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:JB2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JB2 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 212,000 2,670 3,670 1
2020-03-31 197,000 2,430 3,430 1
2019-03-31 181,800 800 3,200 1
DB:JB2 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 176,129 2,995
2018-09-30 166,214 -492 2,927
2018-06-30 160,674 2,785
2018-03-31 153,404 2,442 2,693
2017-12-31 152,739 2,891
2017-09-30 151,237 4,332 2,866
2017-06-30 145,651 2,820
2017-03-31 143,217 2,906 2,572
2016-12-31 144,537 2,215
2016-09-30 139,080 1,873 1,887
2016-06-30 140,765 2,140
2016-03-31 141,502 3,100 2,014

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JALUX's earnings are expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
  • JALUX's revenue is expected to grow by 8.2% 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:JB2 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 1 Analyst Estimates (S&P Global) See Below

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

DB:JB2 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 290.30 290.30 290.30 1.00
2020-03-31 271.30 271.30 271.30 1.00
2019-03-31 253.10 253.10 253.10 1.00
DB:JB2 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 236.89
2018-09-30 231.51
2018-06-30 220.28
2018-03-31 213.00
2017-12-31 228.67
2017-09-30 226.69
2017-06-30 223.05
2017-03-31 203.45
2016-12-31 175.22
2016-09-30 149.29
2016-06-30 169.33
2016-03-31 159.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if JALUX will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess JALUX'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.
JALUX 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.

JB2 Past Performance

  How has JALUX 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 JALUX's growth in the last year to its industry (Trade Distributors).
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.
  • JALUX has delivered over 20% year on year earnings growth in the past 5 years.
  • JALUX's 1-year earnings growth is less than its 5-year average (3.6% vs 24.4%)
  • JALUX's earnings growth has not exceeded the DE Trade Distributors industry average in the past year (3.6% vs 29%).
Earnings and Revenue History
JALUX'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 JALUX Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JB2 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 176,129.00 2,995.00 21,174.00
2018-09-30 166,214.00 2,927.00 20,859.00
2018-06-30 160,674.00 2,785.00 20,443.00
2018-03-31 153,404.00 2,693.00 19,947.00
2017-12-31 152,739.00 2,891.00 19,575.00
2017-09-30 151,237.00 2,866.00 19,285.00
2017-06-30 145,651.00 2,820.00 19,068.00
2017-03-31 143,217.00 2,572.00 18,886.00
2016-12-31 144,537.00 2,215.00 18,907.00
2016-09-30 139,080.00 1,887.00 18,869.00
2016-06-30 140,765.00 2,140.00 18,910.00
2016-03-31 141,502.00 2,014.00 18,767.00
2015-12-31 136,655.00 1,947.00 18,388.00
2015-09-30 130,284.00 1,735.00 18,094.00
2015-06-30 123,363.00 1,342.00 17,790.00
2015-03-31 112,717.00 1,148.00 17,528.00
2014-12-31 105,886.00 1,078.00 17,320.00
2014-09-30 102,701.00 935.00 17,149.00
2014-06-30 101,372.00 964.00 17,279.00
2014-03-31 99,837.00 967.00 17,417.00
2013-12-31 95,141.00 922.00 17,309.00
2013-09-30 92,597.00 957.00 17,435.00
2013-06-30 88,543.00 859.00 17,290.00
2013-03-31 85,937.00 779.00 17,168.00
2012-12-31 86,559.00 661.00 17,111.00
2012-09-30 88,592.00 892.00 16,943.00
2012-06-30 88,720.00 722.00 16,706.00

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

JB2 Health

 How is JALUX'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 JALUX's finances.

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

DB:JB2 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 25,580.00 8,293.00 5,188.00
2018-09-30 24,470.00 5,797.00 5,696.00
2018-06-30 23,515.00 5,051.00 5,768.00
2018-03-31 23,634.00 5,507.00 6,027.00
2017-12-31 23,171.00 4,746.00 6,109.00
2017-09-30 22,089.00 4,399.00 7,304.00
2017-06-30 21,316.00 5,440.00 4,766.00
2017-03-31 21,446.00 5,662.00 6,258.00
2016-12-31 20,350.00 4,396.00 4,929.00
2016-09-30 19,257.00 4,528.00 6,343.00
2016-06-30 18,908.00 4,364.00 4,799.00
2016-03-31 19,426.00 4,638.00 7,285.00
2015-12-31 19,245.00 5,638.00 6,826.00
2015-09-30 18,545.00 4,272.00 7,307.00
2015-06-30 17,458.00 4,429.00 4,166.00
2015-03-31 17,604.00 4,827.00 5,459.00
2014-12-31 17,032.00 5,666.00 5,765.00
2014-09-30 16,319.00 2,781.00 6,909.00
2014-06-30 15,834.00 4,354.00 5,320.00
2014-03-31 15,847.00 3,975.00 6,361.00
2013-12-31 15,637.00 3,190.00 5,188.00
2013-09-30 15,341.00 2,641.00 6,298.00
2013-06-30 14,897.00 3,572.00 4,975.00
2013-03-31 14,821.00 3,508.00 5,219.00
2012-12-31 14,513.00 2,973.00 4,412.00
2012-09-30 14,295.00 2,133.00 5,714.00
2012-06-30 14,093.00 3,216.00 3,974.00
  • JALUX's level of debt (32.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.5% vs 32.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 48.2x coverage).
X
Financial health checks
We assess JALUX'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. JALUX has a total score of 4/6, 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.

JB2 Dividends

 What is JALUX'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
2.23%
Current annual income from JALUX dividends. Estimated to be 3.04% next year.
If you bought €2,000 of JALUX shares you are expected to receive €45 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?
  • JALUX's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • JALUX's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:JB2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:JB2 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 80.00 1.00
2020-03-31 70.00 1.00
2019-03-31 60.00 1.00
DB:JB2 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-06-18 55.000 2.030
2018-04-27 55.000 1.826
2017-06-19 50.000 1.757
2017-04-28 50.000 1.884
2016-06-20 40.000 2.067
2016-04-28 40.000 2.109
2015-07-30 30.000 1.311
2015-06-22 30.000 1.253
2015-04-30 30.000 1.236
2014-06-23 20.000 1.301
2014-04-30 20.000 1.811
2013-06-24 15.000 1.351
2013-04-26 15.000 1.533
2012-07-31 15.000 1.719
2012-06-18 15.000 1.765
2012-04-27 15.000 1.845
2012-01-31 5.000 0.599
2011-10-28 5.000 0.688
2011-07-29 5.000 0.670
2011-06-20 5.000 0.670
2011-04-28 5.000 0.724
2011-01-31 5.000 0.643
2010-11-12 0.000 0.000
2010-10-28 0.000 0.000
2010-08-13 0.000 0.000
2010-07-29 0.000 0.000
2010-06-21 0.000 0.000
2010-04-28 0.000 0.000
2010-02-12 10.000 1.377
2010-01-29 10.000 1.487
2009-06-22 20.000 1.762
2009-04-28 20.000 1.602
2009-04-22 35.000 2.780

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 JALUX's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x 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 JALUX'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 JALUX afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JALUX 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.

JB2 Management

 What is the CEO of JALUX'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
Shigemi Kurusu
AGE 63
CEO Bio

Mr. Shigemi Kurusu serves as Co-Chief Executive Officer of JALUX Inc. and served as its Executive Officer. Mr. Kurusu serves as Managing Executive Officer, General Manager of Group Companies Support and General Manager of Corporate Control at Japan Airlines Co., Ltd. (formerly Japan Airlines International Co., Ltd.). Mr. Kurusu served as Senior Vice President of Cabin Attendants of Japan Airlines International Co., Ltd. Mr. Kurusu served as the Senior Vice President of Japan Airlines Corp. In April 1978, Mr. Kurusu served as Manager of Labor Dept. at Japan Airlines System Co., Ltd. since October 2003. Mr. Kurusu has been a Director of Jalux Inc. since April 2011. Mr. Kurusu served as a Director of Japan Airlines Corp. Ltd. Mr. Kurusu served as a Director of Japan Airlines International Co., Ltd. since June 2007.

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

Average tenure of the JALUX management team in years:

2.3
Average Tenure
  • The tenure for the JALUX management team is about average.
Management Team

Shigemi Kurusu

TITLE
Co-Chief Executive Officer and Representative Director
AGE
63

Masahiro Komiyama

TITLE
Chief Executive Officer and Representative Director
TENURE
2.8 yrs

Takao Suzuki

TITLE
Managing Executive Officer and General Manager of Aviation Services Business
TENURE
3 yrs

Osamu Yamaguchi

TITLE
Managing Executive Officer & Director
TENURE
1.8 yrs

Osamu Tateishi

TITLE
Executive Officer
TENURE
3 yrs

Shigeki Yamazaki

TITLE
Executive Officer
TENURE
3 yrs

Toshiyuki Shima

TITLE
Executive Officer
TENURE
1.3 yrs

Osamu Yamamoto

TITLE
Executive Officer
TENURE
1.3 yrs

Masahiko Miura

TITLE
Executive Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure of the JALUX board of directors in years:

2.8
Average Tenure
  • The average tenure for the JALUX board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shigemi Kurusu

TITLE
Co-Chief Executive Officer and Representative Director
AGE
63
TENURE
8 yrs

Masahiro Komiyama

TITLE
Chief Executive Officer and Representative Director
TENURE
2.8 yrs

Osamu Yamaguchi

TITLE
Managing Executive Officer & Director
TENURE
2.8 yrs

Ryuzo Toyoshima

TITLE
External Director

Yoichi Ogawa

TITLE
External Director
TENURE
2.8 yrs

Naoki Yokoyama

TITLE
External Director
TENURE
1.8 yrs

Shigeru Ota

TITLE
External Director
TENURE
1.8 yrs

Hiroshi Kinoshita

TITLE
External Auditor
TENURE
2.8 yrs

Tsutomu Terabayashi

TITLE
External Auditor
TENURE
1.8 yrs

Daisuke Kadono

TITLE
TENURE
0.8 yrs
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 JALUX'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. JALUX 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.

JB2 News

Simply Wall St News

JB2 Company Info

Description

JALUX Inc. engages in the aviation, life services, retail, and food and beverage business worldwide. It remarkets and sells aircraft, aircraft engines, and flight simulators; provides leased aircraft registration, and aircraft sales and purchasing consultancy services; and offers aircraft components, materials, tools, consumables, and engine components, as well as ground support and airport-related equipment. It also constructs and operates airport terminals and facilities; leases aircrafts and engines; and provides insurance products to corporate and individual customers, and business process outsourcing services. In addition, it is involved in the handling of bridge inspection vehicles, warm mix foaming equipment, and road repair materials; wholesale of paper materials and pulp, as well as design and printing of catalogs and packaging materials; provision of real estate development, subleasing, management, and agency services; and operation of dormitories and company housings. Further, it operates sumai.jalux.com, a real estate Website; JAL Vacations, a Website, which introduces travelers to resort condominiums; senior apartments and nursery care centers under the Solcias brand; and 11 duty-free shops under the JAL DUTYFREE name; JAL Plaza TABITUS+ STATION, a store that provides suitcases, bags, shoes, and watches; 76 airport shops under the BLUE SKY name; restaurants; and JAL-shopping, an online shop. Additionally, it plans, designs, and distributes general merchandise, alcohol, tobacco, and cosmetics under the Tabitus brand; imports and sells sea food and agricultural products, wines, and sparkling wines; and plans, develops, and sells in-flight meals, foodstuffs, and beverages. It also provides airport-related facilities and equipment management services; and provides planning, purchasing, and after-sales services for in-flight sales products. It also sells its products through mail orders. ALUX Inc. was founded in 1962 and is headquartered in Tokyo, Japan.

Details
Name: JALUX Inc.
JB2
Exchange: DB
Founded: 1962
¥247,995,789
12,643,586
Website: http://www.jalux.com
Address: JALUX Inc.
Shinagawa Season Terrace 1-2-70 Konan,
Minato-ku,
Tokyo,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2729 Common Stock The Tokyo Stock Exchange JP JPY 28. Feb 2002
DB JB2 Common Stock Deutsche Boerse AG DE EUR 28. Feb 2002
Number of employees
Current staff
Staff numbers
1,199
JALUX employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:21
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/12
Last earnings filing: 2019/02/13
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.