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LIXIL Group

DB:TJS
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TJS
DB
¥428B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

LIXIL Group Corporation, through its subsidiaries, operates in the housing and building industry worldwide. The last earnings update was 42 days ago. More info.


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TJS Share Price and Events
7 Day Returns
-1.7%
DB:TJS
-0.8%
DE Building
1.6%
DE Market
1 Year Returns
-28.5%
DB:TJS
-18.6%
DE Building
-7.4%
DE Market
TJS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LIXIL Group (TJS) -1.7% 9% -3.8% -28.5% -21.5% -38.9%
DE Building -0.8% -2.3% -1.3% -18.6% 15.7% 11.5%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • TJS underperformed the Building industry which returned -18.6% over the past year.
  • TJS underperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
TJS
Industry
5yr Volatility vs Market

TJS Value

 Is LIXIL Group 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 LIXIL Group 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 LIXIL Group.

DB:TJS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
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:TJS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.112 (1 + (1- 30.86%) (169.66%))
1.95
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.95 * 5.96%)
11.85%

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

The calculations below outline how an intrinsic value for LIXIL Group 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:TJS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 11.85%)
2019 -16,896.86 Analyst x7 -15,106.96
2020 31,744.67 Analyst x3 25,375.42
2021 43,212.33 Analyst x6 30,883.13
2022 49,653.80 Analyst x5 31,727.61
2023 74,255.00 Analyst x1 42,421.08
2024 73,973.00 Analyst x1 37,783.35
2025 73,826.98 Est @ -0.2% 33,714.26
2026 73,775.47 Est @ -0.07% 30,121.85
2027 73,789.89 Est @ 0.02% 26,936.29
2028 73,850.47 Est @ 0.08% 24,102.68
Present value of next 10 years cash flows ¥267,958.72
DB:TJS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥73,850.47 × (1 + 0.23%) ÷ (11.85% – 0.23%)
¥636,987.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥636,987.27 ÷ (1 + 11.85%)10
¥207,894.44
DB:TJS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥267,958.72 + ¥207,894.44
¥475,853.16
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥475,853.16 / 290.09
¥1640.34
DB:TJS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TJS represents 0.00798x of TSE:5938
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00798x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,640.34 x 0.00798
€13.10
Value per share (EUR) From above. €13.10
Current discount Discount to share price of €11.78
= -1 x (€11.78 - €13.10) / €13.10
10.1%

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

Current Discount
Amount off the current price LIXIL Group is available for.
Intrinsic value
10%
Share price is €11.78 vs Future cash flow value of €13.1
Current Discount Checks
For LIXIL Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LIXIL Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • LIXIL Group'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 LIXIL Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LIXIL Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TJS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥-179.98
TSE:5938 Share Price ** TSE (2019-06-24) in JPY ¥1475
Germany Building Industry PE Ratio Median Figure of 6 Publicly-Listed Building Companies 16.98x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

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

** Primary Listing of LIXIL Group.

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

= TSE:5938 Share Price ÷ EPS (both in JPY)

= 1475 ÷ -179.98

-8.2x

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

  • LIXIL Group is loss making, we can't compare its value to the DE Building industry average.
  • LIXIL Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does LIXIL Group's expected growth come at a high price?
Raw Data
DB:TJS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
43.3%per year
Europe Building Industry PEG Ratio Median Figure of 35 Publicly-Listed Building Companies 1.52x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for LIXIL Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LIXIL Group's assets?
Raw Data
DB:TJS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,839.59
TSE:5938 Share Price * TSE (2019-06-24) in JPY ¥1475
Germany Building Industry PB Ratio Median Figure of 8 Publicly-Listed Building Companies 1.12x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:TJS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5938 Share Price ÷ Book Value per Share (both in JPY)

= 1475 ÷ 1,839.59

0.8x

* Primary Listing of LIXIL Group.

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

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

TJS Future Performance

 How is LIXIL Group expected to perform in the next 1 to 3 years based on estimates from 9 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
43.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LIXIL Group expected to grow at an attractive rate?
  • LIXIL Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • LIXIL Group's earnings growth is expected to exceed the Germany market average.
  • LIXIL Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TJS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TJS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 43.3%
DB:TJS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.7%
Germany Building Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
Europe Building Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:TJS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TJS Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,906,913 128,937 39,450 2
2023-03-31 1,892,663 128,478 38,650 2
2022-03-31 1,873,614 123,914 34,730 7
2021-03-31 1,853,842 116,562 33,599 9
2020-03-31 1,852,915 105,027 19,186 8
DB:TJS Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,832,608 69,351 -52,193
2018-12-31 1,795,518 70,497 18,570
2018-09-30 1,743,101 87,257 33,855
2018-06-30 1,707,903 96,359 58,302
2018-03-31 1,664,817 116,362 66,369
2017-12-31 1,703,260 122,213 46,687
2017-09-30 1,725,931 123,211 42,239
2017-06-30 1,752,693 130,787 41,993
2017-03-31 1,786,447 132,531 42,503
2016-12-31 1,866,865 122,724 28,869
2016-09-30 1,883,463 144,584 21,422
2016-06-30 1,916,452 155,996 18,952

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LIXIL Group's earnings are expected to grow significantly at over 20% yearly.
  • LIXIL Group'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:TJS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

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

DB:TJS Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 127.96 145.21 110.70 2.00
2023-03-31 125.24 143.97 106.50 2.00
2022-03-31 117.34 165.50 61.63 8.00
2021-03-31 105.63 135.45 49.72 10.00
2020-03-31 65.18 111.20 46.54 8.00
DB:TJS Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 -179.98
2018-12-31 64.07
2018-09-30 116.92
2018-06-30 201.68
2018-03-31 229.97
2017-12-31 162.06
2017-09-30 146.84
2017-06-30 146.13
2017-03-31 148.01
2016-12-31 100.59
2016-09-30 74.66
2016-06-30 66.08

*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.
  • LIXIL Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LIXIL Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LIXIL Group has a total score of 3/6, 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.

TJS Past Performance

  How has LIXIL Group 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 LIXIL Group's growth in the last year to its industry (Building).
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.
  • LIXIL Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare LIXIL Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare LIXIL Group's 1-year growth to the DE Building industry average as it is not currently profitable.
Earnings and Revenue History
LIXIL Group'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 LIXIL Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TJS 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 1,832,608.00 -52,193.00 519,803.00
2018-12-31 1,795,518.00 18,570.00 507,363.00
2018-09-30 1,743,101.00 33,855.00 506,236.00
2018-06-30 1,707,903.00 58,302.00 499,453.00
2018-03-31 1,664,817.00 66,369.00 488,220.00
2017-12-31 1,703,260.00 46,687.00 486,295.00
2017-09-30 1,725,931.00 42,239.00 478,858.00
2017-06-30 1,752,693.00 41,993.00 474,360.00
2017-03-31 1,786,447.00 42,503.00 475,274.00
2016-12-31 1,866,865.00 28,869.00 512,911.00
2016-09-30 1,883,463.00 21,422.00 513,635.00
2016-06-30 1,916,452.00 18,952.00 514,924.00
2016-03-31 1,890,450.00 -25,605.00 499,470.00
2015-12-31 1,809,850.00 1,642.00 423,314.00
2015-09-30 1,754,642.00 -4,281.00 404,628.00
2015-06-30 1,692,551.00 -10,944.00 391,286.00
2015-03-31 1,673,405.00 22,012.00 389,157.00
2014-12-31 1,687,893.00 -4,284.00 398,610.00
2014-09-30 1,683,324.00 6,589.00 394,685.00
2014-06-30 1,661,723.00 12,056.00 383,310.00
2014-03-31 1,628,658.00 20,951.00 372,180.00
2013-12-31 1,541,300.00 50,498.00 356,570.00
2013-09-30 1,494,990.00 49,504.00 349,940.00
2013-06-30 1,458,628.00 29,211.00 348,614.00
2013-03-31 1,436,395.00 21,347.00 347,173.00
2012-12-31 1,400,606.00 1,547.00 352,861.00
2012-09-30 1,369,467.00 -23,789.00 354,409.00
2012-06-30 1,345,743.00 -19,819.00 360,742.00

*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.
  • It is difficult to establish if LIXIL Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if LIXIL Group has efficiently used its assets last year compared to the DE Building industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if LIXIL Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess LIXIL Group'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 Building 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.
LIXIL Group has a total score of 0/6, 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.

TJS Health

 How is LIXIL Group'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 LIXIL Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LIXIL Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • LIXIL Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LIXIL Group'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 1.2x 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 LIXIL Group Company Filings, last reported 2 months ago.

DB:TJS Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 567,167.00 725,958.00 154,033.00
2018-12-31 621,048.00 739,830.00 130,648.00
2018-09-30 638,813.00 720,552.00 123,455.00
2018-06-30 637,027.00 668,422.00 100,722.00
2018-03-31 649,573.00 649,612.00 138,751.00
2017-12-31 651,534.00 712,412.00 126,076.00
2017-09-30 627,006.00 717,728.00 122,714.00
2017-06-30 616,474.00 728,240.00 120,379.00
2017-03-31 559,431.00 724,617.00 121,563.00
2016-12-31 566,375.00 823,651.00 150,591.00
2016-09-30 508,754.00 813,351.00 148,540.00
2016-06-30 497,179.00 821,164.00 143,992.00
2016-03-31 537,308.00 802,530.00 129,646.00
2015-12-31 659,982.00 709,436.00 203,775.00
2015-09-30 658,495.00 682,476.00 145,313.00
2015-06-30 635,754.00 732,304.00 163,304.00
2015-03-31 613,650.00 643,826.00 257,288.00
2014-12-31 607,101.00 551,926.00 169,990.00
2014-09-30 595,908.00 548,130.00 154,722.00
2014-06-30 592,893.00 566,334.00 147,545.00
2014-03-31 601,793.00 581,224.00 164,995.00
2013-12-31 606,439.00 500,618.00 182,417.00
2013-09-30 593,497.00 442,298.00 122,353.00
2013-06-30 577,214.00 375,960.00 133,771.00
2013-03-31 566,310.00 357,987.00 124,215.00
2012-12-31 538,243.00 354,230.00 108,888.00
2012-09-30 519,618.00 351,065.00 122,627.00
2012-06-30 539,175.00 365,406.00 147,110.00
  • LIXIL Group's level of debt (128%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (98.1% vs 128% today).
  • Debt is not well covered by operating cash flow (9.6%, less than 20% of total debt).
  • LIXIL Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess LIXIL Group'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. LIXIL Group has a total score of 1/6, 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.

TJS Dividends

 What is LIXIL Group'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
4.75%
Current annual income from LIXIL Group dividends. Estimated to be 4.76% next year.
If you bought €2,000 of LIXIL Group shares you are expected to receive €95 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?
  • LIXIL Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • LIXIL Group's dividend is above the markets top 25% of dividend payers in Germany (3.87%).
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:TJS 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 9 Analyst Estimates (S&P Global) See Below
Germany Building Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 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 3.9%

Industry and Market average data is calculated daily.

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

DB:TJS Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 73.00 2.00
2023-03-31 71.00 2.00
2022-03-31 70.00 8.00
2021-03-31 70.00 10.00
2020-03-31 70.00 10.00
DB:TJS Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-28 70.000 4.784
2019-03-14 70.000 4.743
2019-01-31 70.000 4.553
2018-11-09 70.000 4.912
2018-10-31 70.000 4.640
2018-06-22 70.000 3.319
2018-05-07 70.000 2.871
2018-02-09 60.000 2.443
2018-02-05 60.000 2.221
2017-11-10 60.000 1.986
2017-11-06 60.000 1.979
2017-06-23 60.000 2.046
2017-05-08 60.000 2.203
2017-02-10 60.000 2.129
2017-02-06 60.000 2.138
2016-11-11 60.000 2.292
2016-11-07 60.000 2.490
2016-06-22 60.000 2.956
2016-05-09 60.000 3.106
2016-02-12 60.000 2.552
2016-02-01 60.000 2.371
2015-11-06 60.000 2.226
2015-11-02 60.000 2.205
2015-06-29 60.000 2.366
2015-06-08 60.000 2.454
2015-02-06 60.000 2.271
2015-02-02 60.000 2.390
2014-11-07 60.000 2.449
2014-11-04 60.000 2.535
2014-08-04 60.000 2.621
2014-06-23 60.000 2.251
2014-05-07 60.000 2.331
2014-02-07 50.000 1.815
2014-02-03 50.000 1.887
2013-11-05 50.000 1.864
2013-08-05 40.000 1.893
2013-06-24 40.000 1.687
2013-05-07 40.000 1.690
2013-02-08 40.000 2.032
2013-02-04 40.000 2.033
2012-11-09 40.000 2.135
2012-11-05 40.000 2.384
2012-08-06 40.000 2.285
2012-06-25 40.000 2.391
2012-05-07 40.000 2.691
2012-02-10 40.000 2.411
2012-02-06 40.000 2.449
2011-11-11 40.000 2.678
2011-11-07 40.000 2.530
2011-08-04 40.000 2.134
2011-05-02 40.000 2.014
2011-02-10 40.000 2.006
2011-02-03 40.000 2.196
2010-11-10 40.000 2.327
2010-11-01 40.000 2.497
2010-06-18 40.000 2.410
2010-04-30 40.000 2.254
2010-02-09 40.000 2.193
2010-02-01 40.000 2.351
2009-11-10 40.000 2.622
2009-10-29 40.000 2.736

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 LIXIL Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 LIXIL Group'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 LIXIL Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LIXIL Group 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.

TJS Management

 What is the CEO of LIXIL Group'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.
  • LIXIL Group has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the LIXIL Group management team in years:

2
Average Tenure
63
Average Age
  • The tenure for the LIXIL Group management team is about average.
Management Team

Sachio Matsumoto

TITLE
Representative Exec. Officer
COMPENSATION
¥270M
AGE
59
TENURE
6 yrs

Song Montesano

TITLE
Executive Officer and Senior MD of Public Affairs
COMPENSATION
¥195M

Harumi Matsumura

TITLE
Executive Officer
COMPENSATION
¥116M
AGE
64
TENURE
2.6 yrs

Hirokazu Yamanashi

TITLE
Representative Executive Officer
AGE
64
TENURE
0.2 yrs

Ryo Nihei

TITLE
Executive Officer & Senior MD & Chief Technology Officer
AGE
62
TENURE
2 yrs

Hiroyuki Kowase

TITLE
Chief Information Officer

Yutaka Nakamura

TITLE
Exec., Senior MD
TENURE
1 yrs

Yugo Kanazawa

TITLE
Chief Digital Officer
TENURE
2 yrs

Makoto Yoshitaka

TITLE
Managing Director and Operating Officer for Business Development
TENURE
4.2 yrs

Kazuhiko Ootsubo

TITLE
Executive Officer & VP of Sales and Domestic Subsidiaries
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the LIXIL Group board of directors in years:

3.5
Average Tenure
67.5
Average Age
  • The tenure for the LIXIL Group board of directors is about average.
Board of Directors

Hirokazu Yamanashi

TITLE
Representative Executive Officer
AGE
64
TENURE
3 yrs

Hiroyuki Oonishi

TITLE
Director
TENURE
1 yrs

Satoshi Yoshida

TITLE
Director
TENURE
1 yrs

Tsutomu Kawaguchi

TITLE
Lead Independent Outside Director
AGE
72
TENURE
0.3 yrs

Main Kohda

TITLE
Independent Outside Director
AGE
67
TENURE
6 yrs

Barbara Thomas Judge

TITLE
Independent Outside Director
AGE
71
TENURE
4 yrs

Keiichiro Ina

TITLE
Director
AGE
68
TENURE
18 yrs

Yoshizumi Kanamori

TITLE
Director
AGE
64
TENURE
12 yrs

Yoshinobu Kikuchi

TITLE
Director
AGE
72
TENURE
7 yrs

Ryuichi Kawamoto

TITLE
Director
COMPENSATION
¥255M
AGE
64
TENURE
3 yrs
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 LIXIL Group'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. LIXIL Group 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.

TJS News

Simply Wall St News

TJS Company Info

Description

LIXIL Group Corporation, through its subsidiaries, operates in the housing and building industry worldwide. It operates through LIXIL Water Technology (LWT), LIXIL Housing Technology (LHT), LIXIL Building Technology (LBT), LIXIL Kitchen Technology (LKT), Distribution & Retail Business (D&R), and Housing & Services Business (H&S) segments. The LWT segment offers sanitary ware, window sashes, shower toilets, water faucets, washstands, bathtubs, unit bathrooms, shower heads, washstand fixtures and cabinet units, etc.; and external tiles for houses and buildings, and internal decorative tiles, etc. The LHT segment provides housing window sashes, entrance doors, various types of shutters, gates, carports, banisters, high railings, tide barriers, smoke insulated screens, etc.; window frames, wooden furnishing materials, interior decorative materials, etc.; siding, stone materials, roofing materials, etc.; curtains, etc.; and solar photovoltaic systems, etc. The LBT segment offers curtain walls, building sashes, store facades, etc. The LKT segment provides kitchen systems. The D&R segment operates home centers that provide household products, DIY products, building materials, etc.; and building material stores that offer building materials, tools, hardware, etc. The H&S segment develops homebuilding franchise chains; offers construction on order, ground inspections and improvements, etc.; provides services for land, buildings, real estate management, real estate franchises development support, etc.; and offers housing loans. The company was formerly known as JS Group Corporation and changed its name to LIXIL Group Corporation in July 2012. LIXIL Group Corporation was founded in 1923 and is headquartered in Tokyo, Japan.

Details
Name: LIXIL Group Corporation
TJS
Exchange: DB
Founded: 1923
¥3,498,743,567
290,094,994
Website: http://www.lixil.com
Address: LIXIL Group Corporation
Kasumigaseki Building,
36th Floor,
Tokyo,
100-6036,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5938 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB TJS Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK JSGR.Y UNSPONSORD ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
61,140
LIXIL Group employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 21:36
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/05/13
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.