DB:TQY

Stock Analysis Report

Executive Summary

Toyo Logistics Co., Ltd. engages in the transportation, warehousing, distribution, and real estate businesses in Japan.

Snowflake

Fundamentals

Good value with proven track record.

Share Price & News

How has Toyo Logistics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TQY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.5%

TQY

2.6%

DE Commercial Services

0.8%

DE Market


1 Year Return

19.3%

TQY

-6.3%

DE Commercial Services

9.0%

DE Market

Return vs Industry: TQY exceeded the German Commercial Services industry which returned -6.3% over the past year.

Return vs Market: TQY exceeded the German Market which returned 9% over the past year.


Shareholder returns

TQYIndustryMarket
7 Day1.5%2.6%0.8%
30 Day4.5%7.1%6.3%
90 Day16.2%17.6%14.4%
1 Year22.3%19.3%-2.9%-6.3%12.4%9.0%
3 Year31.7%23.5%6.2%-3.0%25.6%14.5%
5 Year69.3%50.9%1.7%-12.6%41.0%21.8%

Price Volatility Vs. Market

How volatile is Toyo Logistics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Toyo Logistics undervalued compared to its fair value and its price relative to the market?

19.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TQY (€2.78) is trading below our estimate of fair value (€3.47)

Significantly Below Fair Value: TQY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TQY is good value based on its PE Ratio (12.2x) compared to the Commercial Services industry average (16.7x).

PE vs Market: TQY is good value based on its PE Ratio (12.2x) compared to the German market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TQY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TQY is good value based on its PB Ratio (0.7x) compared to the DE Commercial Services industry average (2.7x).


Next Steps

Future Growth

How is Toyo Logistics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TQY's forecast earnings growth (17% per year) is above the savings rate (0.2%).

Earnings vs Market: TQY's earnings (17% per year) are forecast to grow faster than the German market (12.8% per year).

High Growth Earnings: TQY's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if TQY's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if TQY's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TQY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Toyo Logistics performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TQY has high quality earnings.

Growing Profit Margin: TQY's current net profit margins (3.5%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: TQY's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: TQY's earnings growth over the past year (11.3%) is below its 5-year average (12% per year).

Earnings vs Industry: TQY earnings growth over the past year (11.3%) exceeded the Commercial Services industry 6.1%.


Return on Equity

High ROE: TQY's Return on Equity (5.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Toyo Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: TQY's short term assets (¥12.3B) exceeds its short term liabilities (¥7.0B)

Long Term Liabilities: TQY's short term assets (12.3B) do not cover its long term liabilities (15.6B)


Debt to Equity History and Analysis

Debt Level: TQY's debt to equity ratio (67.5%) is considered high

Reducing Debt: TQY's debt to equity ratio has reduced from 68.2% to 67.5% over the past 5 years.

Debt Coverage: TQY's debt is not well covered by operating cash flow (17.8%).

Interest Coverage: TQY earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: TQY has a high level of physical assets or inventory.

Debt Coverage by Assets: TQY's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

What is Toyo Logistics's current dividend yield, its reliability and sustainability?

2.22%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Toyo Logistics before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.2%marketbottom25%1.4%markettop25%3.6%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: TQY's dividend (2.22%) is higher than the bottom 25% of dividend payers in the German market (1.39%).

High Dividend: TQY's dividend (2.22%) is low compared to the top 25% of dividend payers in the German market (3.64%).


Stability and Growth of Payments

Stable Dividend: TQY's dividend payments have been volatile in the past 10 years.

Growing Dividend: TQY's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.4%), TQY's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Toyo Logistics's salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average management tenure


CEO

Masaharu Muto (67yo)

7.4yrs

Tenure

0

Mr. Masaharu Muto has been the President at Toyo Logistics Co. Ltd. since June 2012. Mr. Muto served as General Manager of Domestic Sales Headquarters, Managing Executive Officer of Toyo Logistics Co. Ltd. ...


Management Age and Tenure

6.0yrs

Average Tenure

60.5yo

Average Age

Experienced Management: TQY's management team is seasoned and experienced (6 years average tenure).


Board Age and Tenure

7.9yrs

Average Tenure

67.5yo

Average Age

Experienced Board: TQY's board of directors are considered experienced (7.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Hiroyuki Yamagishi (71yo)

    Managing Executive Officer

    • Tenure: 9.4yrs
  • Eiji Wakayama (65yo)

    Executive Officer and Manager of Real Estate Department

    • Tenure: 4.6yrs
  • Masaharu Muto (67yo)

    President and Representative Director

    • Tenure: 7.4yrs
  • Koshi Hidaka

    Executive Officer and Manager of International Sales Promotion Department

    • Tenure: 0yrs
  • Yoshihide Igi (55yo)

    Executive Officer

    • Tenure: 5.4yrs
  • Akira Aoyama (55yo)

    Executive Officer

    • Tenure: 5.4yrs
  • Makoto Watanabe (56yo)

    Executive Officer

    • Tenure: 0yrs
  • Akito Yamamoto

    Executive Officer and General Manager of Tokyo Sales Division

    • Tenure: 0yrs

Board Members

  • Hiroyuki Yamagishi (71yo)

    Managing Executive Officer

    • Tenure: 9.4yrs
  • Yoshitaka Shiraishi (74yo)

    Chairman of the Board

    • Tenure: 7.4yrs
  • Kazumitsu Imai (69yo)

    Director

    • Tenure: 15.4yrs
  • Masaharu Muto (67yo)

    President and Representative Director

    • Tenure: 7.4yrs
  • Katsumaro Kondo (68yo)

    External Auditor

    • Tenure: 8.4yrs
  • Yoshihide Igi (55yo)

    Executive Officer

    • Tenure: 5.4yrs
  • Akira Aoyama (55yo)

    Executive Officer

    • Tenure: 5.4yrs
  • Makoto Watanabe (56yo)

    Executive Officer

    • Tenure: 0yrs
  • Hiroshi Nagata (71yo)

    External Director

    • Tenure: 5.4yrs
  • Koichiro Ichihashi (64yo)

    External Director

    • Tenure: 0yrs

Company Information

Toyo Logistics Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Toyo Logistics Co., Ltd.
  • Ticker: TQY
  • Exchange: DB
  • Founded: 1893
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: JP¥12.904b
  • Listing Market Cap: JP¥107.348m
  • Shares outstanding: 38.18m
  • Website: https://www.toyo-logistics.co.jp

Number of Employees


Location

  • Toyo Logistics Co., Ltd.
  • 6-17, Minami 2-chome
  • Nakamura-ku
  • Nagoya
  • Aichi
  • 450-8614
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9306TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
TQYDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

Toyo Logistics Co., Ltd. engages in the transportation, warehousing, distribution, and real estate businesses in Japan. The company provides international transportation services, including land, sea, and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 20:58
End of Day Share Price2019/11/12 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.