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Wacoal Holdings

DB:WA5
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WA5
DB
¥181B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Wacoal Holdings Corp. designs, manufactures, and markets women’s intimate apparel primarily in Japan. The last earnings update was 4 days ago. More info.


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WA5 Share Price and Events
7 Day Returns
6.1%
DB:WA5
0.2%
DE Luxury
-0.2%
DE Market
1 Year Returns
-9.5%
DB:WA5
20.8%
DE Luxury
-10.3%
DE Market
WA5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wacoal Holdings (WA5) 6.1% 4.5% -0.4% -9.5% 18% 57.1%
DE Luxury 0.2% 7.4% 24.3% 20.8% 107.4% 139.5%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • WA5 underperformed the Luxury industry which returned 20.8% over the past year.
Price Volatility
WA5
Industry
5yr Volatility vs Market
Related Companies

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

WA5 Value

 Is Wacoal Holdings 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 Wacoal Holdings 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 Wacoal Holdings.

DB:WA5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.2%
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:WA5
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))
= 0.722 (1 + (1- 30.86%) (4.56%))
0.829
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.829 * 5.96%)
5.17%

Discounted Cash Flow Calculation for DB:WA5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wacoal Holdings 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:WA5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.17%)
2019 6,512.88 Est @ -10.6% 6,192.73
2020 6,034.04 Est @ -7.35% 5,455.40
2021 5,727.62 Est @ -5.08% 4,923.82
2022 5,527.94 Est @ -3.49% 4,518.56
2023 5,396.82 Est @ -2.37% 4,194.54
2024 5,310.90 Est @ -1.59% 3,924.86
2025 5,255.35 Est @ -1.05% 3,692.89
2026 5,220.46 Est @ -0.66% 3,488.05
2027 5,199.78 Est @ -0.4% 3,303.45
2028 5,188.91 Est @ -0.21% 3,134.51
Present value of next 10 years cash flows ¥42,828.81
DB:WA5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥5,188.91 × (1 + 0.23%) ÷ (5.17% – 0.23%)
¥105,241.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥105,241.55 ÷ (1 + 5.17%)10
¥63,574.10
DB:WA5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥42,828.81 + ¥63,574.10
¥106,402.91
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥106,402.91 / 65.18
¥1632.49
DB:WA5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WA5 represents 0.00809x of TSE:3591
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00809x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,632.49 x 0.00809
€13.21
Value per share (EUR) From above. €13.21
Current discount Discount to share price of €22.46
= -1 x (€22.46 - €13.21) / €13.21
-70%

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

  • The current share price of Wacoal Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Wacoal Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wacoal Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WA5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥5.16
TSE:3591 Share Price ** TSE (2019-05-17) in JPY ¥2775
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 22.77x
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 Wacoal Holdings.

DB:WA5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3591 Share Price ÷ EPS (both in JPY)

= 2775 ÷ 5.16

538.26x

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

  • Wacoal Holdings is overvalued based on earnings compared to the DE Luxury industry average.
  • Wacoal Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Wacoal Holdings's expected growth come at a high price?
Raw Data
DB:WA5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 538.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
27%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.62x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*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 Wacoal Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wacoal Holdings's assets?
Raw Data
DB:WA5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥3,321.57
TSE:3591 Share Price * TSE (2019-05-17) in JPY ¥2775
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.38x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:WA5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3591 Share Price ÷ Book Value per Share (both in JPY)

= 2775 ÷ 3,321.57

0.84x

* Primary Listing of Wacoal Holdings.

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

  • Wacoal Holdings is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Wacoal Holdings'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. Wacoal Holdings 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.

WA5 Future Performance

 How is Wacoal Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Wacoal Holdings, future earnings growth has been estimated based on fundamentals.
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
27%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wacoal Holdings expected to grow at an attractive rate?
  • Wacoal Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wacoal Holdings's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Wacoal Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:WA5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WA5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 27%
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 13.1%
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:WA5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WA5 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:WA5 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 194,201 13,620 341
2018-12-31 194,556 14,895 4,219
2018-09-30 195,564 14,968 13,699
2018-06-30 196,424 17,188 12,093
2018-03-31 195,725 15,493 9,745
2017-12-31 195,278 13,523 10,308
2017-09-30 195,445 15,244 10,762
2017-06-30 196,115 14,758 11,524
2017-03-31 195,881 16,351 12,525
2016-12-31 197,919 17,386 13,217
2016-09-30 199,614 14,460 12,877
2016-06-30 201,503 12,448 12,282

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wacoal Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Wacoal Holdings is high growth as no revenue estimate data is available.
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:WA5 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 0 Analyst Estimates (S&P Global) See Below

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

DB:WA5 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:WA5 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 5.16
2018-12-31 63.26
2018-09-30 203.82
2018-06-30 178.90
2018-03-31 143.46
2017-12-31 150.89
2017-09-30 156.64
2017-06-30 166.90
2017-03-31 180.26
2016-12-31 189.20
2016-09-30 183.59
2016-06-30 174.46

*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 Wacoal Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wacoal Holdings'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.
Wacoal Holdings 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.

WA5 Past Performance

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

DB:WA5 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 194,201.00 341.00 92,644.00
2018-12-31 194,556.00 4,219.00 92,393.00 781.00
2018-09-30 195,564.00 13,699.00 92,107.00 781.00
2018-06-30 196,424.00 12,093.00 91,632.00 781.00
2018-03-31 195,725.00 9,745.00 90,501.00 781.00
2017-12-31 195,278.00 10,308.00 89,604.00 810.00
2017-09-30 195,445.00 10,762.00 89,367.00 810.00
2017-06-30 196,115.00 11,524.00 89,868.00 810.00
2017-03-31 195,881.00 12,525.00 91,056.00 810.00
2016-12-31 197,919.00 13,217.00 90,921.00 839.00
2016-09-30 199,614.00 12,877.00 91,878.00 839.00
2016-06-30 201,503.00 12,282.00 92,633.00 839.00
2016-03-31 202,917.00 11,159.00 92,312.00 839.00
2015-12-31 201,802.00 12,840.00 91,617.00 869.00
2015-09-30 201,290.00 9,396.00 96,664.00 869.00
2015-06-30 195,609.00 9,240.00 94,166.00 869.00
2015-03-31 191,765.00 8,444.00 93,092.00 869.00
2014-12-31 191,786.00 6,240.00 94,688.00 808.00
2014-09-30 191,421.00 10,097.00 88,225.00 808.00
2014-06-30 191,830.00 9,559.00 88,230.00 808.00
2014-03-31 193,781.00 10,106.00 88,105.00 808.00
2013-12-31 187,582.00 10,054.00 88,879.00 788.00
2013-09-30 184,828.00 9,004.00 87,935.00 788.00
2013-06-30 181,753.00 8,441.00 87,026.00 788.00
2013-03-31 177,154.00 7,623.00 84,933.00 788.00
2012-12-31 175,300.00 6,634.00 81,424.00
2012-09-30 174,954.00 7,445.00 81,216.00
2012-06-30 173,414.00 7,329.00 79,618.00

*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.
  • Wacoal Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Wacoal Holdings has efficiently used its assets last year compared to the DE Luxury industry average (Return on Assets) as it is loss-making.
  • Wacoal Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wacoal Holdings'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.
Wacoal Holdings 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.

WA5 Health

 How is Wacoal Holdings'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 Wacoal Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wacoal Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wacoal Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wacoal Holdings'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 13.1x 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 Wacoal Holdings Company Filings, last reported 1 month ago.

DB:WA5 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 221,144.00 8,254.00 34,583.00
2018-12-31 229,701.00 8,197.00 35,030.00
2018-09-30 243,685.00 7,265.00 36,344.00
2018-06-30 239,616.00 12,409.00 39,861.00
2018-03-31 237,497.00 7,292.00 35,350.00
2017-12-31 240,881.00 7,484.00 36,970.00
2017-09-30 238,118.00 7,671.00 37,463.00
2017-06-30 234,343.00 12,529.00 37,362.00
2017-03-31 232,482.00 7,951.00 38,174.00
2016-12-31 231,951.00 9,993.00 45,305.00
2016-09-30 219,972.00 12,579.00 39,694.00
2016-06-30 219,908.00 14,644.00 40,014.00
2016-03-31 229,401.00 12,147.00 38,070.00
2015-12-31 237,540.00 13,454.00 43,142.00
2015-09-30 233,653.00 12,877.00 40,854.00
2015-06-30 236,775.00 14,514.00 39,959.00
2015-03-31 231,568.00 14,817.00 43,484.00
2014-12-31 222,361.00 15,865.00 43,714.00
2014-09-30 215,382.00 15,723.00 40,045.00
2014-06-30 208,436.00 16,945.00 37,353.00
2014-03-31 207,536.00 18,147.00 36,349.00
2013-12-31 204,850.00 16,871.00 38,014.00
2013-09-30 197,448.00 16,702.00 33,623.00
2013-06-30 192,027.00 16,887.00 29,358.00
2013-03-31 188,004.00 18,675.00 31,375.00
2012-12-31 176,951.00 16,665.00 29,931.00
2012-09-30 171,539.00 16,255.00 25,928.00
2012-06-30 171,065.00 18,057.00 25,675.00
  • Wacoal Holdings's level of debt (3.7%) 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 (8.7% vs 3.7% today).
  • Debt is well covered by operating cash flow (165%, greater than 20% of total debt).
  • Wacoal Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Wacoal Holdings'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. Wacoal Holdings 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.

WA5 Dividends

 What is Wacoal Holdings'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
2.59%
Current annual income from Wacoal Holdings dividends.
If you bought €2,000 of Wacoal Holdings shares you are expected to receive €52 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?
  • Wacoal Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Wacoal Holdings's dividend is below 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:WA5 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 0 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 3.1%
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:WA5 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:WA5 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-15 72.000 2.666
2019-02-12 72.000 2.616
2019-01-31 72.000 2.575
2018-11-09 72.000 2.454
2018-10-31 72.000 2.369
2018-06-28 72.000 2.271
2018-05-15 72.000 2.185
2018-02-09 72.000 2.283
2018-01-31 72.000 2.233
2017-11-10 72.000 2.069
2017-10-31 72.000 2.195
2017-05-10 72.000 2.333
2016-06-29 66.000 2.635
2016-05-23 66.000 2.990
2016-05-09 66.000 2.775
2015-07-31 66.000 2.305
2015-06-26 66.000 2.269
2015-05-27 66.000 2.234
2015-05-11 66.000 2.261
2014-06-27 60.000 2.558
2014-05-13 60.000 2.867
2013-06-27 56.000 2.688
2013-05-14 56.000 2.808
2012-07-31 56.000 2.989
2012-05-15 56.000 3.118
2012-01-31 46.000 2.382
2011-10-31 46.000 2.331
2011-07-29 40.000 2.104
2011-06-29 40.000 1.988
2011-05-13 40.000 2.058
2011-02-01 40.000 1.892
2010-05-12 40.000 1.773
2010-01-29 40.000 1.787
2009-11-13 40.000 1.949
2009-10-29 40.000 1.922
2009-07-30 40.000 1.740
2009-06-26 40.000 1.664

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 Wacoal Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x 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 Wacoal Holdings'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 Wacoal Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wacoal Holdings has a total score of 3/6, see the detailed checks below.


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

WA5 Management

 What is the CEO of Wacoal Holdings'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
Hironobu Yasuhara
AGE 67
CEO Bio

Mr. Hironobu Yasuhara has been President of Wacoal Holdings Corp. He served as Senior Managing Director at Wacoal Holdings Corp., since June 2013 and serves as its vice president. Mr. Yasuhara served as the President and Corporate Officer of Wacoal Corp., a subsidiary of Wacoal Holdings Corp. from April 2011 to December 1, 2012. He was the Corporate Officer of Wacoal Holdings Corp and Representative Director of Wacoal Holdings Corp at Peach John Co., Ltd. Mr. Yasuhara served as Corporate Officer and General Manager of Wing Brand Operation Division of Wacoal Corp. Mr. Yasuhara served as President and Corporate Officer of Wacoal Holdings Corp. After gaining experience in the Product Sales Department of the innerwear business and family clothes business divisions, he assumed the office of the General Director of Beijing Wacoal (currently known as Wacoal China Co., Ltd.) in 1997. Thereafter, he worked to convert the China-based joint venture company into a wholly-owned subsidiary and helped establish the base of Peach John Co. present business expansion in China. He has been a Director of Wacoal Holdings Corp. since June 2011 and its subsidiary since April 2011. He served as a Director of Thai Wacoal Public Co. Ltd. from May 2009 to May 13, 2010 and previously served as its Director from May 12, 2005 to April 24, 2006. Mr. Yasuhara joined Wacoal in 1975. Mr. Yasuhara holds Bachelor Degree in Commercial Science from Doshisha University, Japan.

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

Hironobu Yasuhara

TITLE
President & Representative Director
AGE
67

Ikuo Otani

TITLE
Principal Financial Officer
AGE
65

Tsutomu Fukui

TITLE
Corporate Officer and General Manager of Technology & Production Strategy Division

Ryu Yamada

TITLE
Chief of Marketing Control Office and Corporate Officer

Akio Shinozaki

TITLE
Chief of Human Science Research Center and Corporate Officer

Ichiro Katsura

TITLE
Chief of President Office and Corporate Officer

Kawanaka Hideo

TITLE
Executive Vice President of Management Reform
AGE
76
TENURE
11.8 yrs

Masashi Yamaguchi

TITLE
MD & Director

Junichiro Sato

TITLE
GM - Distribution Control Dept

Mitsuo Yamamoto

TITLE
Secretary
AGE
63
Board of Directors

Yoshikata Tsukamoto

TITLE
Chairman of the Board
COMPENSATION
¥192M
AGE
70

Hironobu Yasuhara

TITLE
President & Representative Director
AGE
67
TENURE
7.9 yrs

Masashi Yamaguchi

TITLE
MD & Director

Masaya Wakabayashi

TITLE
VP & Director
AGE
61

Madoka Mayuzumi

TITLE
Outside Director

Shigeru Saito

TITLE
Outside Director
AGE
61

Akira Miyagi

TITLE
Director
AGE
58

Tsunehiko Iwai

TITLE
Outside Director
AGE
65

Tomoki Nakamura

TITLE
Standing Audit & Supervisory Board Member
AGE
60
TENURE
6.9 yrs

Kiyotaka Hiroshima

TITLE
Standing Audit & Supervisory Board Member
AGE
60
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 Wacoal Holdings'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. Wacoal Holdings 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.

WA5 News

Simply Wall St News

WA5 Company Info

Description

Wacoal Holdings Corp. designs, manufactures, and markets women’s intimate apparel primarily in Japan. It operates through three segments: Wacoal Business (Domestic), Wacoal Business (Overseas), and Peach John. The company offers foundation garments, including brassieres and girdles; and lingerie, such as slips, bra-slips, and women’s briefs. It also designs, manufactures, and sells nightwear, children’s underwear, outerwear, sportswear, hosiery, and other apparel and textile goods, as well as provides various other services. In addition, the company engages in the restaurant businesses; cultural and service-related operations; construction of interiors for commercial premises; and production and sale of mannequins. It sells its apparel products on a wholesale basis to department stores, general merchandisers, and other general retailers through directly managed retail stores, catalogue sales, and the Internet. The company was founded in 1946 and is headquartered in Kyoto, Japan.

Details
Name: Wacoal Holdings Corp.
WA5
Exchange: DB
Founded: 1946
¥1,474,067,261
65,178,151
Website: http://www.wacoalholdings.jp
Address: Wacoal Holdings Corp.
29 Nakajima-cho,
Kisshoin,
Kyoto,
601-8530,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3591 Common Stock The Tokyo Stock Exchange JP JPY 10. Oct 1977
OTCPK WACL.F Common Stock Pink Sheets LLC US USD 10. Oct 1977
DB WA5 Common Stock Deutsche Boerse AG DE EUR 10. Oct 1977
OTCPK WACL.Y SPONSORD ADR NEW Pink Sheets LLC US USD 02. Jan 1980
Number of employees
Current staff
Staff numbers
20,904
Wacoal Holdings employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 21:16
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/15
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.