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Penta-Ocean Construction

DB:PO6
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PO6
DB
¥151B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Penta-Ocean Construction Co., Ltd. engages in the construction of civil engineering and building construction projects in Japan, Southeast Asia, and internationally. The last earnings update was 21 days ago. More info.


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PO6 Share Price and Events
7 Day Returns
0%
DB:PO6
2.8%
DE Construction
-1%
DE Market
1 Year Returns
-17.6%
DB:PO6
-27.9%
DE Construction
-6.2%
DE Market
PO6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Penta-Ocean Construction (PO6) 0% 3% 9.1% -17.6% -11.2% 60.7%
DE Construction 2.8% 3.3% -15% -27.9% -5.9% 68.2%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • PO6 outperformed the Construction industry which returned -27.9% over the past year.
  • PO6 underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
PO6
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Penta-Ocean Construction's competitors could be found in our database.

PO6 Value

 Is Penta-Ocean Construction 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 Penta-Ocean Construction 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 Penta-Ocean Construction.

DB:PO6 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 7.5%
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:PO6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.043 (1 + (1- 30.86%) (39.48%))
1.22
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.22 * 5.96%)
7.5%

Discounted Cash Flow Calculation for DB:PO6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Penta-Ocean Construction 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:PO6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.5%)
2020 11,080.33 Analyst x3 10,307.62
2021 17,099.50 Analyst x4 14,797.72
2022 14,707.00 Analyst x2 11,839.71
2023 13,167.26 Est @ -10.47% 9,860.94
2024 12,211.29 Est @ -7.26% 8,507.26
2025 11,599.04 Est @ -5.01% 7,517.20
2026 11,199.89 Est @ -3.44% 6,752.33
2027 10,937.76 Est @ -2.34% 6,134.43
2028 10,766.05 Est @ -1.57% 5,617.04
2029 10,655.10 Est @ -1.03% 5,171.48
Present value of next 10 years cash flows ¥86,505.74
DB:PO6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥10,655.10 × (1 + 0.23%) ÷ (7.5% – 0.23%)
¥146,927.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥146,927.19 ÷ (1 + 7.5%)10
¥71,311.43
DB:PO6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥86,505.74 + ¥71,311.43
¥157,817.17
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥157,817.17 / 285.36
¥553.05
DB:PO6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PO6 represents 0.00807x of TSE:1893
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00807x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 553.05 x 0.00807
€4.46
Value per share (EUR) From above. €4.46
Current discount Discount to share price of €4.26
= -1 x (€4.26 - €4.46) / €4.46
4.5%

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

Current Discount
Amount off the current price Penta-Ocean Construction is available for.
Intrinsic value
5%
Share price is €4.26 vs Future cash flow value of €4.46
Current Discount Checks
For Penta-Ocean Construction to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Penta-Ocean Construction's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Penta-Ocean Construction's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Penta-Ocean Construction's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Penta-Ocean Construction's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PO6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥66.22
TSE:1893 Share Price ** TSE (2019-07-16) in JPY ¥528
Europe Construction Industry PE Ratio Median Figure of 93 Publicly-Listed Construction Companies 11x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

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

** Primary Listing of Penta-Ocean Construction.

DB:PO6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:1893 Share Price ÷ EPS (both in JPY)

= 528 ÷ 66.22

7.97x

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

  • Penta-Ocean Construction is good value based on earnings compared to the Europe Construction industry average.
  • Penta-Ocean Construction is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Penta-Ocean Construction's expected growth come at a high price?
Raw Data
DB:PO6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
5.7%per year
Europe Construction Industry PEG Ratio Median Figure of 45 Publicly-Listed Construction Companies 1.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:PO6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.97x ÷ 5.7%

1.41x

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

  • Penta-Ocean Construction is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Penta-Ocean Construction's assets?
Raw Data
DB:PO6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥443.36
TSE:1893 Share Price * TSE (2019-07-16) in JPY ¥528
Europe Construction Industry PB Ratio Median Figure of 131 Publicly-Listed Construction Companies 1.14x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:PO6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:1893 Share Price ÷ Book Value per Share (both in JPY)

= 528 ÷ 443.36

1.19x

* Primary Listing of Penta-Ocean Construction.

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

  • Penta-Ocean Construction is overvalued based on assets compared to the Europe Construction industry average.
X
Value checks
We assess Penta-Ocean Construction'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Penta-Ocean Construction has a total score of 2/6, see the detailed checks below.

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

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

PO6 Future Performance

 How is Penta-Ocean Construction 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
5.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Penta-Ocean Construction expected to grow at an attractive rate?
  • Penta-Ocean Construction's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Penta-Ocean Construction's earnings growth is positive but not above the Germany market average.
  • Penta-Ocean Construction's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PO6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PO6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 5.7%
DB:PO6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.6%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
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:PO6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:PO6 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 642,500 25,000 1
2023-03-31 627,000 24,300 1
2022-03-31 626,375 23,348 22,850 4
2021-03-31 597,440 25,806 21,520 5
2020-03-31 581,120 20,134 20,460 5
DB:PO6 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 541,949 -6,557 18,899
2018-12-31 534,728 16,504
2018-09-30 520,584 -36,812 18,793
2018-06-30 519,895 17,886
2018-03-31 526,902 3,445 17,826
2017-12-31 515,283 19,385
2017-09-30 509,938 60,764 18,387
2017-06-30 503,209 15,647
2017-03-31 500,336 31,293 15,271
2016-12-31 492,385 11,733
2016-09-30 503,920 18,206 10,092
2016-06-30 504,274 9,954

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Penta-Ocean Construction's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
  • Penta-Ocean Construction'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:PO6 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 5 Analyst Estimates (S&P Global) See Below

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

DB:PO6 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 80.08 84.81 75.30 4.00
2021-03-31 75.40 80.96 70.10 5.00
2020-03-31 71.70 74.30 69.40 5.00
DB:PO6 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 66.22
2018-12-31 57.82
2018-09-30 65.84
2018-06-30 62.65
2018-03-31 62.41
2017-12-31 67.84
2017-09-30 64.33
2017-06-30 54.73
2017-03-31 53.41
2016-12-31 41.04
2016-09-30 35.30
2016-06-30 34.82

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

PO6 Past Performance

  How has Penta-Ocean Construction 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 Penta-Ocean Construction's growth in the last year to its industry (Construction).
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.
  • Penta-Ocean Construction has delivered over 20% year on year earnings growth in the past 5 years.
  • Penta-Ocean Construction's 1-year earnings growth is less than its 5-year average (6% vs 30.2%)
  • Penta-Ocean Construction's earnings growth has not exceeded the Europe Construction industry average in the past year (6% vs 11.7%).
Earnings and Revenue History
Penta-Ocean Construction'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 Penta-Ocean Construction Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PO6 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 541,949.00 18,899.00 17,077.00 2,370.00
2018-12-31 534,728.00 16,504.00 18,304.00 2,295.00
2018-09-30 520,584.00 18,793.00 16,094.00 2,295.00
2018-06-30 519,895.00 17,886.00 16,121.00 2,295.00
2018-03-31 526,902.00 17,826.00 15,984.00 2,295.00
2017-12-31 515,283.00 19,385.00 14,729.00 2,130.00
2017-09-30 509,938.00 18,387.00 14,636.00 2,130.00
2017-06-30 503,209.00 15,647.00 14,569.00 2,130.00
2017-03-31 500,336.00 15,271.00 14,308.00 2,130.00
2016-12-31 492,385.00 11,733.00 14,513.00 2,058.00
2016-09-30 503,920.00 10,092.00 14,129.00 2,058.00
2016-06-30 504,274.00 9,954.00 13,582.00 2,058.00
2016-03-31 491,564.00 7,805.00 13,127.00 2,058.00
2015-12-31 500,628.00 8,541.00 13,041.00 1,822.00
2015-09-30 471,981.00 8,657.00 12,998.00 1,822.00
2015-06-30 454,085.00 9,161.00 13,312.00 1,822.00
2015-03-31 426,237.00 6,183.00 13,357.00 1,822.00
2014-12-31 387,663.00 4,584.00 12,614.00 1,909.00
2014-09-30 378,980.00 4,135.00 12,693.00 1,909.00
2014-06-30 377,081.00 2,867.00 12,650.00 1,909.00
2014-03-31 381,182.00 3,762.00 12,612.00 1,909.00
2013-12-31 380,977.00 4,542.00 12,971.00 1,821.00
2013-09-30 368,996.00 3,369.00 12,749.00 1,821.00
2013-06-30 358,116.00 2,411.00 12,490.00 1,821.00
2013-03-31 349,839.00 2,029.00 12,228.00 1,821.00
2012-12-31 348,508.00 2,023.00 12,350.00 2,440.00
2012-09-30 348,854.00 1,011.00 12,562.00 2,440.00

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

PO6 Health

 How is Penta-Ocean Construction'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 Penta-Ocean Construction's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Penta-Ocean Construction is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Penta-Ocean Construction's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Penta-Ocean Construction'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 4.6x 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 Penta-Ocean Construction Company Filings, last reported 3 months ago.

DB:PO6 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 126,572.00 59,490.00 36,262.00
2018-12-31 120,652.00 108,471.00 59,978.00
2018-09-30 119,620.00 78,592.00 58,779.00
2018-06-30 114,124.00 71,836.00 64,649.00
2018-03-31 112,029.00 67,492.00 65,706.00
2017-12-31 108,754.00 72,795.00 80,692.00
2017-09-30 103,395.00 68,028.00 104,479.00
2017-06-30 98,901.00 58,589.00 83,923.00
2017-03-31 96,443.00 59,721.00 72,463.00
2016-12-31 90,587.00 66,135.00 71,965.00
2016-09-30 85,950.00 72,670.00 56,820.00
2016-06-30 83,852.00 75,053.00 91,340.00
2016-03-31 80,655.00 74,198.00 66,429.00
2015-12-31 81,938.00 84,676.00 76,055.00
2015-09-30 80,027.00 80,757.00 56,595.00
2015-06-30 78,612.00 78,051.00 66,929.00
2015-03-31 77,067.00 94,896.00 38,511.00
2014-12-31 70,827.00 92,833.00 39,100.00
2014-09-30 68,094.00 80,508.00 36,705.00
2014-06-30 65,531.00 65,992.00 39,105.00
2014-03-31 67,491.00 74,937.00 32,602.00
2013-12-31 69,730.00 77,810.00 45,653.00
2013-09-30 67,758.00 71,958.00 33,691.00
2013-06-30 65,526.00 69,660.00 56,416.00
2013-03-31 65,110.00 70,939.00 50,595.00
2012-12-31 62,551.00 79,262.00 54,313.00
2012-09-30 61,199.00 81,744.00 57,064.00
  • Penta-Ocean Construction's level of debt (47%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (110.9% vs 47% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 148.4x coverage).
X
Financial health checks
We assess Penta-Ocean Construction'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. Penta-Ocean Construction 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.

PO6 Dividends

 What is Penta-Ocean Construction's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.79%
Current annual income from Penta-Ocean Construction dividends. Estimated to be 4% next year.
If you bought €2,000 of Penta-Ocean Construction shares you are expected to receive €76 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?
  • Penta-Ocean Construction's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Penta-Ocean Construction's dividend is below the markets top 25% of dividend payers in Germany (3.82%).
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:PO6 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
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 3.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:PO6 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 22.25 4.00
2021-03-31 21.40 5.00
2020-03-31 20.00 5.00
DB:PO6 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 20.000 3.749
2019-05-10 20.000 3.950
2018-06-26 18.000 2.872
2018-05-10 18.000 2.451
2017-06-27 12.000 1.613
2017-05-10 12.000 1.900
2016-06-24 9.000 1.598
2016-05-12 9.000 1.678
2015-11-11 5.000 1.046
2015-08-06 5.000 0.893
2015-06-26 5.000 0.982
2015-05-13 5.000 0.989
2014-11-11 3.000 0.717
2014-08-07 3.000 0.835
2014-06-27 3.000 0.837
2014-05-14 3.000 0.984
2013-06-27 2.000 0.662
2013-05-13 2.000 0.833
2012-08-08 2.000 0.951
2012-06-28 2.000 1.005
2012-05-14 2.000 1.085
2012-02-13 2.000 0.790
2011-11-11 2.000 0.809
2011-08-11 2.000 0.922
2011-06-29 2.000 1.087
2011-05-13 2.000 1.068
2011-02-10 2.000 1.154
2010-11-11 2.000 1.493
2010-06-29 2.000 1.672
2010-05-13 2.000 1.560
2010-02-10 2.000 1.601
2009-11-13 2.000 2.165
2009-11-12 2.000 1.932
2009-08-06 2.000 1.724
2009-06-26 2.000 1.564
2009-05-14 2.000 1.449
2009-02-10 2.000 1.698
2008-11-12 2.000 1.713
2008-08-06 2.000 1.756

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Penta-Ocean Construction's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x 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 Penta-Ocean Construction'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 Penta-Ocean Construction afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Penta-Ocean Construction has a total score of 4/6, see the detailed checks below.


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

PO6 Management

 What is the CEO of Penta-Ocean Construction'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
Takuzo Shimizu
TENURE AS CEO 5.1 years
CEO Bio

Mr. Takuzo Shimizu has been the Chief Executive Officer and President of Penta-Ocean Construction Co. Ltd. since June 27, 2014. Mr. Shimizu served as a Senior Managing Officer of Penta-Ocean Construction Co. Ltd. He served as Managing Officer and an Executive Officer at Penta-Ocean Construction Co. Ltd. He has been a Representative Director of Penta-Ocean Construction Co. Ltd. since June 27, 2014.

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

Average tenure of the Penta-Ocean Construction management team in years:

3.3
Average Tenure
  • The tenure for the Penta-Ocean Construction management team is about average.
Management Team

Takuzo Shimizu

TITLE
President
TENURE
5.1 yrs

Sumio Yamashita

TITLE
Senior Managing Executive Officer

Makoto Shimoishi

TITLE
Senior Managing Executive Officer
TENURE
1.3 yrs

Osamu Ochi

TITLE
Senior Managing Executive Officer

Yuji Nakamitsu

TITLE
Senior Managing Executive Officer & Head of Building Construction Divisions
TENURE
3.3 yrs

Kazuya Ueda

TITLE
Executive VP & Director
AGE
61
TENURE
2.3 yrs

Tetsushi Noguchi

TITLE
Senior Managing Executive Officers & Director
TENURE
3.3 yrs

Michio Inatomi

TITLE
Senior Managing Executive Officer

Kazushi Yamashita

TITLE
Executive Officer & GM of Singapore Office
TENURE
3.3 yrs

Ryoji Tahara

TITLE
Senior Managing Executive Officer & Director
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure of the Penta-Ocean Construction board of directors in years:

2.1
Average Tenure
  • The average tenure for the Penta-Ocean Construction board of directors is less than 3 years, this suggests a new board.
Board of Directors

Takuzo Shimizu

TITLE
President
TENURE
5.1 yrs

Kazuya Ueda

TITLE
Executive VP & Director
AGE
61

Tetsushi Noguchi

TITLE
Senior Managing Executive Officers & Director

Ryoji Tahara

TITLE
Senior Managing Executive Officer & Director

Junji Katsumura

TITLE
Managing Exec. Officer
TENURE
0.5 yrs

Hiroshi Watanabe

TITLE
Senior Managing Executive Officer & Director
TENURE
2.1 yrs

Tomoyuki Yamashita

TITLE
Managing Executive Officer & Director
TENURE
1.1 yrs

Yasuhiro Kawashima

TITLE
Outside Director
TENURE
3.1 yrs

Hidenori Takahashi

TITLE
Outside Director

Naoki Furuya

TITLE
Outside Director
AGE
67
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 Penta-Ocean Construction'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. Penta-Ocean Construction 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.

PO6 News

Simply Wall St News

PO6 Company Info

Description

Penta-Ocean Construction Co., Ltd. engages in the construction of civil engineering and building construction projects in Japan, Southeast Asia, and internationally. The also constructs tunnels and subways. In addition, it is involved in the sale or rent of real estate and other activities; and shipbuilding, leasing, insurance, and environment businesses. The company was founded in 1896 and is headquartered in Tokyo, Japan.

Details
Name: Penta-Ocean Construction Co., Ltd.
PO6
Exchange: DB
Founded: 1896
¥1,240,528,457
285,358,690
Website: http://www.penta-ocean.co.jp
Address: Penta-Ocean Construction Co., Ltd.
2-8, Koraku 2-chome,
Bunkyo–ku,
Tokyo,
112-8576,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 1893 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB PO6 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,319
Penta-Ocean Construction employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:55
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/04
Last earnings filing: 2019/06/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.