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OSG

DB:OSG
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OSG
DB
¥210B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

OSG Corporation, together with its subsidiaries, manufactures and sells cutting tools for industrial applications in Japan, the Americas, Europe, and Asia. The last earnings update was 7 days ago. More info.


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OSG Share Price and Events
7 Day Returns
-0.9%
DB:OSG
-1.8%
DE Machinery
-1.1%
DE Market
1 Year Returns
-3.8%
DB:OSG
-31.6%
DE Machinery
-8.5%
DE Market
OSG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OSG (OSG) -0.9% 0.7% 0.2% -3.8% 21% 28.7%
DE Machinery -1.8% -8.6% -17.4% -31.6% -23.8% -1.6%
DE Market -1.1% -0.4% -4% -8.5% 8.1% 9.4%
1 Year Return vs Industry and Market
  • OSG outperformed the Machinery industry which returned -31.6% over the past year.
  • OSG outperformed the Market in Germany which returned -8.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

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

OSG Value

 Is OSG 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 OSG 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 OSG.

DB:OSG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
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:OSG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.081 (1 + (1- 30.86%) (11.36%))
1.111
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.111 * 5.96%)
6.85%

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

The calculations below outline how an intrinsic value for OSG 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:OSG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.85%)
2020 10,556.67 Analyst x3 9,879.79
2021 16,838.67 Analyst x3 14,748.55
2022 19,800.00 Analyst x1 16,230.33
2023 22,055.51 Est @ 11.39% 16,919.99
2024 23,829.31 Est @ 8.04% 17,108.63
2025 25,187.12 Est @ 5.7% 16,924.00
2026 26,208.98 Est @ 4.06% 16,481.45
2027 26,971.23 Est @ 2.91% 15,873.28
2028 27,538.77 Est @ 2.1% 15,168.11
2029 27,963.25 Est @ 1.54% 14,414.35
Present value of next 10 years cash flows ¥153,748.48
DB:OSG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥27,963.25 × (1 + 0.23%) ÷ (6.85% – 0.23%)
¥423,166.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥423,166.54 ÷ (1 + 6.85%)10
¥218,131.74
DB:OSG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥153,748.48 + ¥218,131.74
¥371,880.22
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥371,880.22 / 98.00
¥3794.57
DB:OSG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OSG represents 0.00814x of TSE:6136
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00814x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,794.57 x 0.00814
€30.90
Value per share (EUR) From above. €30.90
Current discount Discount to share price of €17.44
= -1 x (€17.44 - €30.90) / €30.90
43.6%

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

Current Discount
Amount off the current price OSG is available for.
Intrinsic value
44%
Share price is €17.44 vs Future cash flow value of €30.9
Current Discount Checks
For OSG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OSG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • OSG'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 OSG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OSG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OSG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in JPY ¥160.30
TSE:6136 Share Price ** TSE (2019-07-19) in JPY ¥2142
Germany Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 14.12x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of OSG.

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

= TSE:6136 Share Price ÷ EPS (both in JPY)

= 2142 ÷ 160.30

13.36x

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

  • OSG is good value based on earnings compared to the DE Machinery industry average.
  • OSG is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does OSG's expected growth come at a high price?
Raw Data
DB:OSG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
9.1%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.36x ÷ 9.1%

1.47x

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

  • OSG is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on OSG's assets?
Raw Data
DB:OSG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in JPY ¥1,299.34
TSE:6136 Share Price * TSE (2019-07-19) in JPY ¥2142
Germany Machinery Industry PB Ratio Median Figure of 47 Publicly-Listed Machinery Companies 1.48x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.73x
DB:OSG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6136 Share Price ÷ Book Value per Share (both in JPY)

= 2142 ÷ 1,299.34

1.65x

* Primary Listing of OSG.

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

  • OSG is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess OSG'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. OSG 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.

OSG Future Performance

 How is OSG expected to perform in the next 1 to 3 years based on estimates from 5 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
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OSG expected to grow at an attractive rate?
  • OSG's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • OSG's earnings growth is positive but not above the Germany market average.
  • OSG's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OSG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OSG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 9.1%
DB:OSG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.3%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:OSG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OSG Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-11-30 154,800 30,800 22,000 1
2021-11-30 148,020 28,900 18,520 5
2020-11-30 142,560 26,530 17,320 5
2019-11-30 135,775 22,662 15,575 4
DB:OSG Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-05-31 132,564 20,631 15,699
2019-02-28 132,227 15,174
2018-11-30 131,368 20,125 14,710
2018-08-31 129,295 15,657
2018-05-31 125,809 21,108 14,749
2018-02-28 122,936 14,405
2017-11-30 120,198 20,820 13,993
2017-08-31 115,190 11,001
2017-05-31 110,890 17,798 10,547
2017-02-28 107,763 10,282
2016-11-30 105,561 16,333 10,134
2016-08-31 106,745 11,025

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OSG's earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • OSG's revenue is expected to grow by 4.3% 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:OSG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

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

DB:OSG Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-11-30 224.70 224.70 224.70 1.00
2021-11-30 184.98 211.50 166.48 6.00
2020-11-30 173.92 200.20 160.40 6.00
2019-11-30 156.25 156.39 156.10 2.00
DB:OSG Past Financials Data
Date (Data in JPY Millions) EPS *
2019-05-31 160.30
2019-02-28 155.04
2018-11-30 150.47
2018-08-31 161.94
2018-05-31 155.50
2018-02-28 155.03
2017-11-30 153.69
2017-08-31 121.97
2017-05-31 117.00
2017-02-28 113.58
2016-11-30 110.58
2016-08-31 118.74

*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.
  • OSG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess OSG'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.
OSG 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.

OSG Past Performance

  How has OSG 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 OSG's growth in the last year to its industry (Machinery).
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.
  • OSG's year on year earnings growth rate has been positive over the past 5 years.
  • OSG's 1-year earnings growth is less than its 5-year average (6.4% vs 8.4%)
  • OSG's earnings growth has exceeded the DE Machinery industry average in the past year (6.4% vs -1.3%).
Earnings and Revenue History
OSG'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 OSG Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OSG Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-31 132,564.00 15,699.00 32,444.00
2019-02-28 132,227.00 15,174.00 32,556.00
2018-11-30 131,368.00 14,710.00 32,149.00
2018-08-31 129,295.00 15,657.00 31,348.00
2018-05-31 125,809.00 14,749.00 30,805.00
2018-02-28 122,936.00 14,405.00 29,971.00
2017-11-30 120,198.00 13,993.00 29,453.00
2017-08-31 115,190.00 11,001.00 29,062.00
2017-05-31 110,890.00 10,547.00 28,030.00
2017-02-28 107,763.00 10,282.00 27,222.00
2016-11-30 105,561.00 10,134.00 26,658.00
2016-08-31 106,745.00 11,025.00 26,427.00
2016-05-31 109,214.00 11,720.00 26,854.00
2016-02-29 111,066.00 12,420.00 26,676.00
2015-11-30 111,917.00 12,518.00 26,718.00
2015-08-31 110,332.00 12,854.00 26,496.00
2015-05-31 107,982.00 12,382.00 25,606.00
2015-02-28 104,036.00 10,907.00 24,886.00
2014-11-30 101,031.00 9,989.00 24,062.00
2014-08-31 98,563.00 9,898.00 23,067.00
2014-05-31 96,112.00 9,544.00 22,626.00
2014-02-28 92,953.00 9,303.00 21,945.00
2013-11-30 88,378.00 8,619.00 21,263.00
2013-08-31 84,188.00 7,158.00 20,618.00
2013-05-31 82,601.00 6,551.00 20,008.00
2013-02-28 82,993.00 6,635.00 19,633.00
2012-11-30 84,083.00 7,138.00 19,371.00
2012-08-31 85,075.00 7,546.00 19,224.00

*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.
  • OSG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OSG used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • OSG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OSG'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 Machinery 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.
OSG 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.

OSG Health

 How is OSG'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 OSG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OSG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OSG's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of OSG'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 4.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from OSG Company Filings, last reported 1 month ago.

DB:OSG Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 138,895.00 23,838.00 29,498.00
2019-02-28 138,837.00 20,876.00 24,572.00
2018-11-30 138,354.00 15,611.00 24,406.00
2018-08-31 133,168.00 15,629.00 20,111.00
2018-05-31 131,907.00 14,943.00 21,892.00
2018-02-28 128,290.00 16,566.00 17,898.00
2017-11-30 128,392.00 16,324.00 21,204.00
2017-08-31 113,543.00 30,371.00 17,676.00
2017-05-31 108,653.00 32,505.00 18,248.00
2017-02-28 105,543.00 36,702.00 17,288.00
2016-11-30 103,058.00 33,504.00 18,003.00
2016-08-31 96,868.00 34,706.00 16,455.00
2016-05-31 100,151.00 32,710.00 18,191.00
2016-02-29 103,613.00 29,295.00 19,257.00
2015-11-30 113,636.00 20,194.00 21,550.00
2015-08-31 109,559.00 20,954.00 20,507.00
2015-05-31 112,955.00 20,892.00 24,157.00
2015-02-28 106,349.00 20,589.00 20,931.00
2014-11-30 100,942.00 20,008.00 22,548.00
2014-08-31 94,383.00 23,249.00 21,319.00
2014-05-31 92,265.00 28,847.00 27,724.00
2014-02-28 91,222.00 30,058.00 23,675.00
2013-11-30 87,621.00 29,063.00 23,877.00
2013-08-31 84,598.00 30,548.00 19,516.00
2013-05-31 81,859.00 31,612.00 19,149.00
2013-02-28 76,177.00 33,943.00 18,348.00
2012-11-30 71,471.00 34,282.00 21,036.00
2012-08-31 69,823.00 34,996.00 19,681.00
  • OSG's level of debt (17.2%) 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 (31.2% vs 17.2% today).
  • Debt is well covered by operating cash flow (86.5%, greater than 20% of total debt).
  • OSG earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess OSG'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. OSG 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.

OSG Dividends

 What is OSG'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
2.19%
Current annual income from OSG dividends. Estimated to be 2.49% next year.
If you bought €2,000 of OSG shares you are expected to receive €44 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?
  • OSG's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • OSG's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
Upcoming dividend payment

Purchase OSG 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:OSG 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 5 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:OSG Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-11-30 72.00 1.00
2021-11-30 56.00 5.00
2020-11-30 52.80 5.00
2019-11-30 47.40 5.00
DB:OSG Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-18 47.000 2.196
2019-01-11 47.000 2.152
2018-02-19 46.000 1.944
2018-01-11 46.000 1.726
2017-07-12 44.000 1.838
2017-04-14 44.000 1.948
2017-02-20 44.000 1.873
2017-01-13 44.000 1.868
2016-07-07 50.000 2.466
2016-02-22 50.000 2.592
2016-01-12 50.000 2.568
2015-10-05 41.000 1.796
2015-07-09 41.000 1.671
2015-04-09 36.000 1.407
2015-02-23 36.000 1.530
2015-01-09 36.000 1.688
2014-10-09 28.000 1.532
2014-04-10 28.000 1.577
2014-02-24 28.000 1.577
2014-01-09 28.000 1.474
2013-10-08 23.000 1.396
2013-02-25 23.000 1.541
2013-01-10 23.000 1.933
2012-10-02 23.000 2.111
2012-07-03 23.000 2.083
2012-04-12 23.000 1.974
2012-02-20 23.000 1.878
2012-01-12 23.000 2.019
2011-10-06 18.000 1.832
2011-07-11 18.000 1.769
2011-04-04 16.000 1.515
2011-01-11 16.000 1.421
2010-10-14 12.000 1.329
2010-09-28 12.000 1.401
2010-07-14 10.000 1.152
2010-06-29 10.000 1.018
2010-03-30 4.000 0.396
2010-02-22 4.000 0.437
2010-01-12 4.000 0.415
2009-09-28 3.000 0.334
2009-06-30 3.000 0.341
2009-03-30 3.000 0.447
2009-01-13 3.000 0.547

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 OSG's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x 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 OSG'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 OSG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OSG 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.

OSG Management

 What is the CEO of OSG'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
Norio Ishikawa
COMPENSATION ¥134,000,000
CEO Bio

Mr. Norio Ishikawa serves as the Chief Executive Officer, President and Director of OSG Corporation and served as its Chief Operating Officer.

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

Norio Ishikawa

TITLE
CEO, President & Director
COMPENSATION
¥134M

Toshitaka Yoshizaki

TITLE
MD & Director

Taeil Chung

TITLE
Senior Executive Officer

Tetsuro Hayasaka

TITLE
MD & Director

Koji Takeo

TITLE
Senior Executive Officer

Jiro Osawa

TITLE
MD & Director

Mike Grantham

TITLE
Senior Executive Officer

Mitsuyoshi Hikosaka

TITLE
Senior Executive Officer

Hideaki Osawa

TITLE
MD & Director

Yasutaka Yoneda

TITLE
Senior Executive Officer
Board of Directors

Norio Ishikawa

TITLE
CEO, President & Director
COMPENSATION
¥134M

Toshitaka Yoshizaki

TITLE
MD & Director

Tetsuro Hayasaka

TITLE
MD & Director

Jiro Osawa

TITLE
MD & Director

Hideaki Osawa

TITLE
MD & Director

Gohei Osawa

TITLE
Director

Kyoshiro Ono

TITLE
Outside Director

Hiroyuki Ohmori

TITLE
Outside Director

Koji Kato

TITLE
Director
AGE
66

Takeo Nakagawa

TITLE
Outside Director
AGE
81
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 OSG'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. OSG 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.

OSG News

Simply Wall St News

OSG Company Info

Description

OSG Corporation, together with its subsidiaries, manufactures and sells cutting tools for industrial applications in Japan, the Americas, Europe, and Asia. The company’s products include taps, drills, end mills, indexable tools, rolling dies, gauges, tooling systems, and tailored tooling solutions, as well as special products and accessories, such as holder/arbor related products, circular saws/bandsaws, diameter correction tools, tool storage cabinets, parts/accessories, LHSTIX/bits, and coating rods. It also imports and sells tools, as well as provides reconditioning services to worn tools. The company’s products are used for automotive, die/mold, aerospace, energy, and heavy industry applications. OSG Corporation was founded in 1938 and is headquartered in Toyokawa, Japan.

Details
Name: OSG Corporation
OSG
Exchange: DB
Founded: 1938
¥1,736,657,694
98,003,168
Website: http://www.osg.co.jp
Address: OSG Corporation
3-22, Honnogahara,
Toyokawa,
Aichi, 442-8543,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6136 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK OSGC.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB OSG Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
7,020
OSG employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 20:37
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/07/12
Last earnings reported: 2019/05/31
Last annual earnings reported: 2018/11/30


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.