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Tokyu Construction

DB:TCW
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCW
DB
¥80B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Tokyu Construction Co., Ltd. operates as a general contractor in Japan. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Tokyu Construction has significant price volatility in the past 3 months.
TCW Share Price and Events
7 Day Returns
4.2%
DB:TCW
-2.3%
DE Construction
-0.2%
DE Market
1 Year Returns
-34.2%
DB:TCW
-24%
DE Construction
-10.3%
DE Market
TCW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tokyu Construction (TCW) 4.2% -4.4% -21.5% -34.2% -21.2% 101.1%
DE Construction -2.3% -12.5% -13% -24% 4.1% 69%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • TCW underperformed the Construction industry which returned -24% over the past year.
  • TCW underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
TCW
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Tokyu 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 Tokyu 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 Tokyu Construction.

DB:TCW 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 6.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TCW
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 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 30.86%) (2.43%))
1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1 * 5.96%)
6.19%

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

The calculations below outline how an intrinsic value for Tokyu 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:TCW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.19%)
2019 13,205.00 Analyst x1 12,435.52
2020 11,692.00 Analyst x1 10,369.07
2021 10,300.00 Analyst x1 8,602.28
2022 11,100.00 Analyst x1 8,730.21
2023 10,400.00 Analyst x1 7,703.01
2024 7,200.00 Analyst x1 5,022.10
2025 6,687.79 Est @ -7.11% 4,392.99
2026 6,359.32 Est @ -4.91% 3,933.82
2027 6,145.03 Est @ -3.37% 3,579.76
2028 6,004.29 Est @ -2.29% 3,293.94
Present value of next 10 years cash flows ¥68,062.70
DB:TCW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥6,004.29 × (1 + 0.23%) ÷ (6.19% – 0.23%)
¥100,976.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥100,976.53 ÷ (1 + 6.19%)10
¥55,395.55
DB:TCW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥68,062.70 + ¥55,395.55
¥123,458.25
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥123,458.25 / 106.61
¥1158
DB:TCW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TCW represents 0.00803x of TSE:1720
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00803x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,158.00 x 0.00803
€9.30
Value per share (EUR) From above. €9.30
Current discount Discount to share price of €5.99
= -1 x (€5.99 - €9.30) / €9.30
35.6%

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

Current Discount
Amount off the current price Tokyu Construction is available for.
Intrinsic value
36%
Share price is €5.99 vs Future cash flow value of €9.3
Current Discount Checks
For Tokyu Construction to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tokyu Construction's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tokyu 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 Tokyu Construction's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tokyu Construction's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TCW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥145.37
TSE:1720 Share Price ** TSE (2019-05-20) in JPY ¥746
Europe Construction Industry PE Ratio Median Figure of 97 Publicly-Listed Construction Companies 10.69x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of Tokyu Construction.

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

= TSE:1720 Share Price ÷ EPS (both in JPY)

= 746 ÷ 145.37

5.13x

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

  • Tokyu Construction is good value based on earnings compared to the Europe Construction industry average.
  • Tokyu Construction is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Tokyu Construction's expected growth come at a high price?
Raw Data
DB:TCW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-3%per year
Europe Construction Industry PEG Ratio Median Figure of 46 Publicly-Listed Construction Companies 1.12x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.13x ÷ -3%

-1.7x

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

  • Tokyu Construction earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tokyu Construction's assets?
Raw Data
DB:TCW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥868.86
TSE:1720 Share Price * TSE (2019-05-20) in JPY ¥746
Europe Construction Industry PB Ratio Median Figure of 132 Publicly-Listed Construction Companies 1.13x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:TCW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:1720 Share Price ÷ Book Value per Share (both in JPY)

= 746 ÷ 868.86

0.86x

* Primary Listing of Tokyu Construction.

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

  • Tokyu Construction is good value based on assets compared to the Europe Construction industry average.
X
Value checks
We assess Tokyu 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. Tokyu Construction has a total score of 4/6, see the detailed checks below.

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

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

Future Performance

 How is Tokyu Construction 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
-3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tokyu Construction expected to grow at an attractive rate?
  • Tokyu Construction's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Tokyu Construction's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Tokyu Construction's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TCW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TCW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -3%
DB:TCW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.7%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:TCW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:TCW Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 335,000 14,100 13,700 1
2021-03-31 325,000 13,200 13,300 1
2020-03-31 312,000 14,492 12,000 1
DB:TCW Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 331,437 29,694 15,504
2018-12-31 341,451 16,305
2018-09-30 349,470 35,437 18,272
2018-06-30 326,838 16,292
2018-03-31 320,711 16,226 16,118
2017-12-31 303,534 15,586
2017-09-30 266,108 -4,375 11,945
2017-06-30 238,174 10,236
2017-03-31 243,618 -23,545 13,691
2016-12-31 246,261 13,808
2016-09-30 284,832 9,112 17,285
2016-06-30 304,533 17,301

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tokyu Construction's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Tokyu Construction's revenue is expected to grow by 0.7% 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:TCW 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 1 Analyst Estimates (S&P Global) See Below

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

DB:TCW Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 128.50 128.50 128.50 1.00
2021-03-31 124.70 124.70 124.70 1.00
2020-03-31 112.60 112.60 112.60 1.00
DB:TCW Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 145.37
2018-12-31 152.85
2018-09-30 171.25
2018-06-30 152.68
2018-03-31 151.05
2017-12-31 146.06
2017-09-30 111.94
2017-06-30 95.92
2017-03-31 128.29
2016-12-31 129.39
2016-09-30 161.97
2016-06-30 162.12

*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 Tokyu Construction will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tokyu 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.
Tokyu Construction has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Tokyu 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 Tokyu 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.
  • Tokyu Construction has delivered over 20% year on year earnings growth in the past 5 years.
  • Tokyu Construction's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tokyu Construction's 1-year earnings growth is negative, it can't be compared to the Europe Construction industry average.
Earnings and Revenue History
Tokyu 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 Tokyu Construction Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TCW Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 331,437.00 15,504.00 14,086.00
2018-12-31 341,451.00 16,305.00 14,751.00
2018-09-30 349,470.00 18,272.00 14,558.00
2018-06-30 326,838.00 16,292.00 14,330.00
2018-03-31 320,711.00 16,118.00 14,149.00
2017-12-31 303,534.00 15,586.00 13,655.00
2017-09-30 266,108.00 11,945.00 13,457.00
2017-06-30 238,174.00 10,236.00 13,133.00
2017-03-31 243,618.00 13,691.00 13,133.00
2016-12-31 246,261.00 13,808.00 13,526.00
2016-09-30 284,832.00 17,285.00 13,375.00
2016-06-30 304,533.00 17,301.00 13,166.00
2016-03-31 296,393.00 13,340.00 12,910.00
2015-12-31 284,537.00 10,836.00 11,701.00
2015-09-30 271,728.00 7,580.00 11,438.00
2015-06-30 270,806.00 7,400.00 11,120.00
2015-03-31 262,815.00 5,805.00 10,958.00
2014-12-31 268,968.00 5,669.00 10,637.00
2014-09-30 250,610.00 3,909.00 10,576.00
2014-06-30 234,392.00 3,211.00 10,643.00
2014-03-31 226,164.00 2,685.00 10,611.00
2013-12-31 214,143.00 1,380.00 10,533.00
2013-09-30 223,544.00 1,815.00 10,548.00
2013-06-30 229,591.00 659.00 10,585.00
2013-03-31 228,570.00 -566.00 10,848.00
2012-12-31 232,585.00 -124.00 11,060.00
2012-09-30 220,939.00 -1,325.00 11,166.00
2012-06-30 218,806.00 -368.00 10,965.00

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

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

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

Health

 How is Tokyu 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 Tokyu Construction's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tokyu Construction is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tokyu Construction's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tokyu 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 106.2x 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 Tokyu Construction Company Filings, last reported 1 month ago.

DB:TCW Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 92,979.00 1,930.00 49,145.00
2018-12-31 87,816.00 1,637.00 36,106.00
2018-09-30 86,120.00 1,906.00 44,027.00
2018-06-30 80,081.00 1,680.00 64,137.00
2018-03-31 79,174.00 2,049.00 28,865.00
2017-12-31 75,276.00 10,721.00 15,172.00
2017-09-30 70,115.00 2,763.00 17,210.00
2017-06-30 67,315.00 1,763.00 39,392.00
2017-03-31 66,379.00 4,989.00 22,582.00
2016-12-31 62,183.00 17,803.00 12,413.00
2016-09-30 59,071.00 4,845.00 27,868.00
2016-06-30 57,665.00 4,845.00 55,827.00
2016-03-31 54,237.00 4,958.00 50,674.00
2015-12-31 50,840.00 4,885.00 21,276.00
2015-09-30 44,909.00 4,926.00 22,818.00
2015-06-30 44,854.00 4,926.00 37,430.00
2015-03-31 44,859.00 9,068.00 18,318.00
2014-12-31 40,398.00 19,967.00 13,610.00
2014-09-30 37,230.00 11,007.00 14,163.00
2014-06-30 34,874.00 2,007.00 30,000.00
2014-03-31 35,256.00 9,250.00 18,215.00
2013-12-31 33,985.00 14,047.00 14,719.00
2013-09-30 33,314.00 11,395.00 15,535.00
2013-06-30 32,096.00 2,395.00 27,326.00
2013-03-31 32,486.00 2,745.00 23,097.00
2012-12-31 30,604.00 12,443.00 12,699.00
2012-09-30 29,134.00 10,492.00 17,057.00
2012-06-30 29,592.00 4,492.00 23,234.00
  • Tokyu Construction's level of debt (2.1%) 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 (26% vs 2.1% today).
  • Debt is well covered by operating cash flow (1538.5%, greater than 20% of total debt).
  • Tokyu Construction earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Tokyu 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. Tokyu Construction 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.

Dividends

 What is Tokyu 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
4.02%
Current annual income from Tokyu Construction dividends. Estimated to be 4.29% next year.
If you bought €2,000 of Tokyu Construction shares you are expected to receive €80 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?
  • Tokyu Construction's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Tokyu Construction's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
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:TCW 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
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 73 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 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:TCW Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 34.00 1.00
2021-03-31 32.00 1.00
2020-03-31 30.00 1.00
DB:TCW Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-09 30.000 4.130
2018-11-08 26.000 2.743
2018-06-28 26.000 2.471
2018-05-10 26.000 2.329
2018-02-08 28.000 2.403
2018-02-07 28.000 2.473
2017-11-07 28.000 2.526
2017-06-28 26.000 2.879
2017-05-09 26.000 2.722
2016-11-08 20.000 2.250
2016-06-27 16.000 1.583
2016-05-10 16.000 1.728
2016-02-09 20.000 2.290
2016-02-08 20.000 2.516
2015-11-10 10.000 1.179
2015-11-09 16.000 1.874
2015-06-25 13.000 1.324
2015-05-11 13.000 1.603
2015-02-09 10.000 1.424
2014-06-26 5.000 0.945
2014-05-09 5.000 1.133
2014-02-07 3.000 0.702
2013-08-09 0.000 0.000
2013-08-08 3.000 1.232
2013-05-10 3.000 1.250
2013-02-07 0.000 0.000
2012-08-08 3.000 1.835
2012-06-27 3.000 1.938
2012-05-10 3.000 1.910
2012-02-07 3.000 1.444
2011-11-08 5.000 2.528
2011-08-09 5.000 2.295
2011-06-27 5.000 2.307
2011-05-11 5.000 2.366
2010-06-25 6.000 2.518
2010-05-12 6.000 2.537
2010-02-09 6.000 2.318
2009-11-09 6.000 2.541

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 Tokyu Construction's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x 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 Tokyu 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 Tokyu Construction afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tokyu 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.

Management

 What is the CEO of Tokyu 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.
  • Tokyu Construction has no CEO, or we have no data on them.
Management Team

Toshio Imamura

TITLE
President & Representative Director

Masatoshi Shimizu

TITLE
Senior Executive Officer

Kazushige Asano

TITLE
Senior Managing Executive Officer
AGE
67

Mitsuhiro Terada

TITLE
Senior Managing Executive Officer
AGE
61
TENURE
3.1 yrs

Sadao Fukumoto

TITLE
Executive Officer & Chief of Nagoya Branch

Kiyoshi Numakami

TITLE
Executive Officer & GM of Institute of Technology

Yasuyuki Izumi

TITLE
Senior EVP & Director
AGE
62

Shigehiko Shibusawa

TITLE
Executive Officer and GM of Technology & Design Department - Civil Engineering Division

Akihiro Mizutani

TITLE
Senior Exec. Officer
AGE
62

Shinji Moritou

TITLE
Senior Executive Officer
Board of Directors Tenure

Average tenure and age of the Tokyu Construction board of directors in years:

6.9
Average Tenure
66
Average Age
  • The tenure for the Tokyu Construction board of directors is about average.
Board of Directors

Tsuneo Iizuka

TITLE
Chairman of the board
AGE
70

Toshio Imamura

TITLE
President & Representative Director

Masatoshi Shimizu

TITLE
Senior Executive Officer

Kazushige Asano

TITLE
Senior Managing Executive Officer
AGE
67
TENURE
6.9 yrs

Mitsuhiro Terada

TITLE
Senior Managing Executive Officer
AGE
61
TENURE
6.9 yrs

Yasuyuki Izumi

TITLE
Senior EVP & Director
AGE
62

Motoyuki Takagi

TITLE
Senior Executive Officer
AGE
63

Hiroshi Otsuka

TITLE
Outside Director
AGE
83
TENURE
8.9 yrs

Yutaka Kubota

TITLE
Outside Director
AGE
71
TENURE
3.9 yrs

Masao Tomoe

TITLE
Outside Director
AGE
65
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 Tokyu 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. Tokyu 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.

News

Simply Wall St News

Company Info

Description

Tokyu Construction Co., Ltd. operates as a general contractor in Japan. The company constructs educational, commercial, public, care, logistics, and sports facilities; and offices, hotels, hospitals/clinics, detached houses, factories, roads, and airports, as well as undertakes town planning, railway, and environmental improvement projects. It also engages in the investigation, construction planning, geological surveying, measurement, design, management, and the provision of consultancy services for civil engineering and building construction; maintenance and supervision of buildings and structures; transactions, leasing, and intermediation for real estate; and fabrication, sale, lease, and repair of equipment and temporary material for civil engineering and building construction. In addition, the company is involved in the manufacture and sale of concrete products for construction; development and sale of computer software; acquisition, license, and sale of industrial property and know-how; and planning, development, sale, lease, maintenance, and the provision of consultancy services for computer, electronic, and telecommunication equipment. Further, it engages in investigation, planning, and sale of equipment, as well as leasing, maintenance, and the provision of consultancy services for environmental improvement; and sale and the provision of consultancy services for rolling stock. Additionally, it undertakes works relating to soil, water purification, etc.; develops, designs, sells, and implements equipment and systems for disaster prevention; produces, processes, and sells agricultural products, as well as provides consultancy services for manufacture and sale of agricultural materials; produces and sells seeds, saplings, and flowers; and plans, constructs, possesses, maintains, and operates public and other facilities, as well as related facilities equipment. The company was founded in 1946 and is headquartered in Tokyo, Japan.

Details
Name: Tokyu Construction Co., Ltd.
TCW
Exchange: DB
Founded: 1946
¥647,363,847
106,613,520
Website: http://www.tokyu-cnst.co.jp
Address: Tokyu Construction Co., Ltd.
1-16-14, Shibuya,
Shibuya-ku,
Tokyo,
150-8340,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 1720 Common Stock The Tokyo Stock Exchange JP JPY 01. Oct 2003
DB TCW Common Stock Deutsche Boerse AG DE EUR 01. Oct 2003
Number of employees
Current staff
Staff numbers
2,735
Tokyu Construction employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:04
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/05/09
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.