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Unitika

DB:UTN
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UTN
DB
¥21B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Unitika Ltd. manufactures and sells polymers, advanced materials, and fibers and textiles in Japan and internationally. The last earnings update was 11 days ago. More info.


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  • Unitika has significant price volatility in the past 3 months.
UTN Share Price and Events
7 Day Returns
-4.3%
DB:UTN
0.9%
DE Luxury
-2.3%
DE Market
1 Year Returns
-40.3%
DB:UTN
22.3%
DE Luxury
-11.5%
DE Market
UTN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Unitika (UTN) -4.3% -15.3% -22.8% -40.3% -39.2% -2.5%
DE Luxury 0.9% 9% 21.7% 22.3% 104.3% 139%
DE Market -2.3% -5.2% 0.8% -11.5% 5.6% 6.4%
1 Year Return vs Industry and Market
  • UTN underperformed the Luxury industry which returned 22.3% over the past year.
  • UTN underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
UTN
Industry
5yr Volatility vs Market
Related Companies

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

UTN Value

 Is Unitika 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 Unitika 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 Unitika.

DB:UTN 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 12.1%
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:UTN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.715 (1 + (1- 30.86%) (485.17%))
2.417
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

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

The calculations below outline how an intrinsic value for Unitika 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:UTN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.15%)
2019 2,894.00 Analyst x1 2,580.52
2020 3,791.00 Analyst x1 3,014.19
2021 4,635.00 Analyst x1 3,286.06
2022 4,548.69 Est @ -1.86% 2,875.55
2023 4,492.51 Est @ -1.24% 2,532.40
2024 4,456.74 Est @ -0.8% 2,240.11
2025 4,434.95 Est @ -0.49% 1,987.69
2026 4,422.81 Est @ -0.27% 1,767.53
2027 4,417.36 Est @ -0.12% 1,574.12
2028 4,416.57 Est @ -0.02% 1,403.36
Present value of next 10 years cash flows ¥23,261.51
DB:UTN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥4,416.57 × (1 + 0.23%) ÷ (12.15% – 0.23%)
¥37,136.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥37,136.21 ÷ (1 + 12.15%)10
¥11,800.01
DB:UTN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥23,261.51 + ¥11,800.01
¥35,061.52
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥35,061.52 / 57.66
¥608.09
DB:UTN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:UTN represents 0.00793x of TSE:3103
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00793x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 608.09 x 0.00793
€4.82
Value per share (EUR) From above. €4.82
Current discount Discount to share price of €2.93
= -1 x (€2.93 - €4.82) / €4.82
39.3%

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

Current Discount
Amount off the current price Unitika is available for.
Intrinsic value
39%
Share price is €2.93 vs Future cash flow value of €4.82
Current Discount Checks
For Unitika to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Unitika's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Unitika'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 Unitika's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Unitika's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:UTN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥85.17
TSE:3103 Share Price ** TSE (2019-05-24) in JPY ¥369
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 22.5x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 20.16x

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

** Primary Listing of Unitika.

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

= TSE:3103 Share Price ÷ EPS (both in JPY)

= 369 ÷ 85.17

4.33x

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

  • Unitika is good value based on earnings compared to the DE Luxury industry average.
  • Unitika is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Unitika's expected growth come at a high price?
Raw Data
DB:UTN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.2%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.59x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.33x ÷ 11.2%

0.39x

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

  • Unitika is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Unitika's assets?
Raw Data
DB:UTN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥656.85
TSE:3103 Share Price * TSE (2019-05-24) in JPY ¥369
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.39x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.75x
DB:UTN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3103 Share Price ÷ Book Value per Share (both in JPY)

= 369 ÷ 656.85

0.56x

* Primary Listing of Unitika.

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

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

UTN Future Performance

 How is Unitika 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
11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Unitika expected to grow at an attractive rate?
  • Unitika's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Unitika's earnings growth is positive but not above the Germany market average.
  • Unitika's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:UTN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:UTN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.2%
DB:UTN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.1%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
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:UTN 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:UTN Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 132,000 10,635 6,100 1
2020-03-31 129,000 9,791 4,900 1
DB:UTN Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 129,098 8,985 4,911
2018-12-31 128,848 5,298
2018-09-30 128,703 11,876 6,807
2018-06-30 129,042 7,456
2018-03-31 128,388 9,739 7,684
2017-12-31 129,266 7,519
2017-09-30 126,712 11,645 7,860
2017-06-30 126,312 7,820
2017-03-31 126,219 18,111 6,392
2016-12-31 131,884 6,058
2016-09-30 135,791 19,425 7,798
2016-06-30 142,029 5,575

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unitika's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
  • Unitika's revenue is expected to grow by 1.1% 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:UTN 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 Unitika Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UTN Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 100.30 100.30 100.30 1.00
2020-03-31 79.40 79.40 79.40 1.00
DB:UTN Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 85.17
2018-12-31 91.88
2018-09-30 118.05
2018-06-30 129.30
2018-03-31 133.25
2017-12-31 130.38
2017-09-30 136.29
2017-06-30 135.60
2017-03-31 110.84
2016-12-31 105.04
2016-09-30 135.21
2016-06-30 96.67

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

UTN Past Performance

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

DB:UTN Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 129,098.00 4,911.00 21,175.00
2018-12-31 128,848.00 5,298.00 17,596.00 2,887.00
2018-09-30 128,703.00 6,807.00 17,422.00 2,887.00
2018-06-30 129,042.00 7,456.00 17,291.00 2,887.00
2018-03-31 128,388.00 7,684.00 16,795.00 2,887.00
2017-12-31 129,266.00 7,519.00 17,058.00 2,899.00
2017-09-30 126,712.00 7,860.00 16,760.00 2,899.00
2017-06-30 126,312.00 7,820.00 16,483.00 2,899.00
2017-03-31 126,219.00 6,392.00 16,389.00 2,899.00
2016-12-31 131,884.00 6,058.00 16,797.00 2,933.00
2016-09-30 135,791.00 7,798.00 16,917.00 2,933.00
2016-06-30 142,029.00 5,575.00 17,580.00 2,933.00
2016-03-31 146,474.00 5,936.00 17,905.00 2,933.00
2015-12-31 150,896.00 -1,109.00 17,982.00 3,684.00
2015-09-30 154,757.00 -4,072.00 18,447.00 3,684.00
2015-06-30 156,929.00 -22,368.00 18,937.00 3,684.00
2015-03-31 159,126.00 -27,033.00 19,739.00 3,684.00
2014-12-31 157,961.00 -22,208.00 19,300.00 3,578.00
2014-09-30 162,002.00 -22,803.00 19,882.00 3,578.00
2014-06-30 162,384.00 -4,224.00 19,862.00 3,578.00
2014-03-31 162,686.00 583.00 19,497.00 3,578.00
2013-12-31 166,110.00 -8,633.00 19,319.00 4,041.00
2013-09-30 162,345.00 -8,296.00 19,077.00 4,041.00
2013-06-30 159,540.00 -9,488.00 19,168.00 4,041.00
2013-03-31 160,190.00 -10,875.00 19,457.00 4,041.00
2012-12-31 158,970.00 -958.00 19,986.00 3,453.00
2012-09-30 163,739.00 -673.00 20,248.00 3,453.00
2012-06-30 168,980.00 494.00 20,213.00 3,453.00

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

UTN Health

 How is Unitika'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 Unitika's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unitika's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Unitika's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Unitika'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 not covered by short term assets, assets are 0.9x 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 Unitika Company Filings, last reported 1 month ago.

DB:UTN Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 41,352.00 103,225.00 22,580.00
2018-12-31 44,292.00 103,249.00 25,156.00
2018-09-30 43,357.00 103,914.00 27,244.00
2018-06-30 41,431.00 104,521.00 27,573.00
2018-03-31 40,729.00 105,982.00 26,395.00
2017-12-31 39,276.00 105,930.00 23,850.00
2017-09-30 36,929.00 106,667.00 23,479.00
2017-06-30 34,496.00 108,170.00 23,434.00
2017-03-31 45,263.00 109,926.00 37,030.00
2016-12-31 42,157.00 110,995.00 33,048.00
2016-09-30 40,198.00 111,025.00 31,897.00
2016-06-30 38,327.00 111,010.00 26,993.00
2016-03-31 37,936.00 127,113.00 42,101.00
2015-12-31 36,965.00 132,087.00 36,224.00
2015-09-30 32,701.00 132,223.00 31,419.00
2015-06-30 32,322.00 132,383.00 26,430.00
2015-03-31 31,590.00 134,949.00 31,738.00
2014-12-31 38,050.00 135,603.00 28,378.00
2014-09-30 36,279.00 135,901.00 31,202.00
2014-06-30 17,653.00 163,316.00 14,410.00
2014-03-31 19,368.00 165,218.00 19,587.00
2013-12-31 24,102.00 167,838.00 15,583.00
2013-09-30 24,007.00 173,767.00 26,180.00
2013-06-30 23,375.00 173,108.00 19,572.00
2013-03-31 21,317.00 167,113.00 19,668.00
2012-12-31 31,963.00 178,962.00 18,450.00
2012-09-30 31,533.00 180,076.00 25,626.00
2012-06-30 32,935.00 181,202.00 17,819.00
  • Unitika's level of debt (249.6%) 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 (853.8% vs 249.6% today).
  • Debt is not well covered by operating cash flow (8.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Unitika'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. Unitika has a total score of 3/6, 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.

UTN Dividends

 What is Unitika'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
0%
Current annual income from Unitika dividends.
If you bought €2,000 of Unitika shares you are expected to receive €0 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?
  • Unable to evaluate Unitika's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Unitika's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:UTN 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
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
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:UTN Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
DB:UTN Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2010-02-12 0.000 0.000
2010-02-05 0.000 0.000
2009-11-13 0.000 0.000
2009-08-13 0.000 0.000
2009-08-04 0.000 0.000
2009-06-26 0.000 0.000

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

  • Unable to perform a dividend volatility check as Unitika has not reported any payouts.
  • Unable to verify if Unitika's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Unitika's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Unitika has not reported any payouts.
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 Unitika'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 Unitika afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Unitika has a total score of 0/6, see the detailed checks below.


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

UTN Management

 What is the CEO of Unitika'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
Hiroyuki Shime
AGE 66
TENURE AS CEO 4.9 years
CEO Bio

Mr. Hiroyuki Shime has been the Chief Executive Officer and President of Unitika Ltd. since June 27, 2014. Mr. Shime served as Senior Executive Officer of Unitika Ltd. from June 2008 to June 27, 2014. He served as Managing Executive Officer of Unitika Ltd. since April 2005. He has been a Representative Director of Unitika Ltd. since June 2014.

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

Average tenure and age of the Unitika management team in years:

0.3
Average Tenure
61.5
Average Age
  • The average tenure for the Unitika management team is less than 2 years, this suggests a new team.
Management Team

Hiroyuki Shime

TITLE
CEO, President & Representative Director
AGE
66
TENURE
4.9 yrs

Shuji Ueno

TITLE
Managing Exec. Officer
AGE
61
TENURE
1.3 yrs

Masaaki Yasuoka

TITLE
Senior Managing Executive Officer
AGE
62

Masahiro Hosoda

TITLE
Managing Executive Officer
TENURE
0.3 yrs

Hirokazu Taketoshi

TITLE
Senior Executive Officer & GM of Advanced Materials Sector
AGE
58
TENURE
0.3 yrs

Masakazu Kitano

TITLE
Senior Executive Officer
TENURE
0.3 yrs

Takayuki Imamura

TITLE
Executive Officer and GM of Production & Technology Management Division
TENURE
0.3 yrs

Tsunetoshi Matsuda

TITLE
Executive Officer & GM of Plastic Division
TENURE
0.3 yrs

Minoru Fujii

TITLE
Executive Officer & GM of Glass Fibers Division
TENURE
0.3 yrs

Akio Toyoda

TITLE
Executive Officer & GM of Global Business Promotion Division
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Unitika board of directors in years:

3.9
Average Tenure
66
Average Age
  • The tenure for the Unitika board of directors is about average.
Board of Directors

Shuji Ueno

TITLE
Managing Exec. Officer
AGE
61
TENURE
6.9 yrs

Masaaki Yasuoka

TITLE
Senior Managing Executive Officer
AGE
62
TENURE
3.9 yrs

Akira Enokida

TITLE
Managing Exec. Officer
AGE
62
TENURE
3.9 yrs

Toru Hambayashi

TITLE
Outside Director
AGE
81
TENURE
3.9 yrs

Hiroyuki Shime

TITLE
CEO, President & Representative Director
AGE
66
TENURE
4.9 yrs

Minoru Furukawa

TITLE
External Director
AGE
75
TENURE
1.9 yrs

Masanobu Obata

TITLE
Part-Time Auditor
AGE
64
TENURE
3.9 yrs

Mitsuhiro Morikawa

TITLE
TENURE
1.3 yrs

Yoshito Kawachi

TITLE
Outside Auditor
AGE
67
TENURE
3.9 yrs

Tetsuaki Fukuhara

TITLE
Part-Time External Auditor
AGE
71
TENURE
1.9 yrs
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 Unitika'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. Unitika 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.

UTN News

Simply Wall St News

UTN Company Info

Description

Unitika Ltd. manufactures and sells polymers, advanced materials, and fibers and textiles in Japan and internationally. The company offers polymers, including nylon and polyester films; plastic products; nonwoven products, such as polyester based spunbond and cotton based spunlace products; and biomass-based materials, such as Terramac resins and nonwoven fabrics. It also provides advanced materials comprising glass fabrics; glass beads; activated carbon fibers; and porous plates. In addition, the company offers fibers and textiles that include industrial materials for civil engineering construction, marine products, sanitation, and medical applications; garments, lifestyle materials, and bedding products; and biomass plastic materials for use in civil engineering, agricultural, forestry, and fishery industries. Unitika Ltd. was founded in 1889 and is headquartered in Osaka, Japan.

Details
Name: Unitika Ltd.
UTN
Exchange: DB
Founded: 1889
¥173,689,294
57,658,706
Website: http://www.unitika.co.jp
Address: Unitika Ltd.
Osaka Center Building,
4-1-3 Kyutaro-machi,
Osaka,
541-8566,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3103 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB UTN Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,497
Unitika employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 21:23
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/14
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.