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Aeon

DB:JUS1
Snowflake Description

Second-rate dividend payer with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JUS1
DB
¥1,728B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Aeon Co., Ltd. operates in the retail industry in Japan and internationally. The last earnings update was 15 days ago. More info.


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JUS1 Share Price and Events
7 Day Returns
2.9%
DB:JUS1
-0.8%
Europe Consumer Retailing
0.8%
DE Market
1 Year Returns
1.2%
DB:JUS1
0.7%
Europe Consumer Retailing
-4.5%
DE Market
JUS1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aeon (JUS1) 2.9% -12.5% -6% 1.2% 24.9% 98.9%
Europe Consumer Retailing -0.8% -0.2% 0.1% 0.7% -2.7% -9.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • JUS1 outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
JUS1
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Aeon 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 Aeon 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 Aeon.

DB:JUS1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:JUS1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.464 (1 + (1- 30.86%) (150.35%))
0.965
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.965 * 5.96%)
5.98%

Discounted Cash Flow Calculation for DB:JUS1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aeon 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:JUS1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.98%)
2019 -25,599.25 Analyst x4 -24,155.61
2020 -134,000.00 Analyst x1 -119,312.58
2021 -46,126.25 Analyst x4 -38,754.34
2022 21,800.00 Analyst x2 17,283.01
2023 117,000.00 Analyst x1 87,526.49
2024 121,900.00 Analyst x1 86,049.44
2025 125,476.48 Est @ 2.93% 83,579.05
2026 128,139.30 Est @ 2.12% 80,539.36
2027 130,130.48 Est @ 1.55% 77,178.36
2028 131,634.97 Est @ 1.16% 73,667.94
Present value of next 10 years cash flows ¥323,601.12
DB:JUS1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥131,634.97 × (1 + 0.23%) ÷ (5.98% – 0.23%)
¥2,295,151.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,295,151.27 ÷ (1 + 5.98%)10
¥1,284,454.07
DB:JUS1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥323,601.12 + ¥1,284,454.07
¥1,608,055.20
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,608,055.20 / 841.70
¥1910.49
DB:JUS1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:JUS1 represents 0.0079x of TSE:8267
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0079x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,910.49 x 0.0079
€15.10
Value per share (EUR) From above. €15.10
Current discount Discount to share price of €16.22
= -1 x (€16.22 - €15.10) / €15.10
-7.4%

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

  • The current share price of Aeon 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 Aeon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aeon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JUS1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in JPY ¥28.11
TSE:8267 Share Price ** TSE (2019-04-25) in JPY ¥2052.5
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.44x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Aeon.

DB:JUS1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8267 Share Price ÷ EPS (both in JPY)

= 2052.5 ÷ 28.11

73.02x

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

  • Aeon is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Aeon is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Aeon's expected growth come at a high price?
Raw Data
DB:JUS1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 73.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
12.9%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.52x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:JUS1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 73.02x ÷ 12.9%

5.67x

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

  • Aeon is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aeon's assets?
Raw Data
DB:JUS1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in JPY ¥1,301.65
TSE:8267 Share Price * TSE (2019-04-25) in JPY ¥2052.5
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.55x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:JUS1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8267 Share Price ÷ Book Value per Share (both in JPY)

= 2052.5 ÷ 1,301.65

1.58x

* Primary Listing of Aeon.

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

  • Aeon is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Aeon'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Aeon has a total score of 0/6, see the detailed checks below.

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

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

Future Performance

 How is Aeon expected to perform in the next 1 to 3 years based on estimates from 8 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
12.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aeon expected to grow at an attractive rate?
  • Aeon's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Aeon's earnings growth is expected to exceed the Germany market average.
  • Aeon's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JUS1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JUS1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 12.9%
DB:JUS1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.1%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:JUS1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JUS1 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-02-29 9,479,000 48,500 1
2023-02-28 9,385,000 48,000 1
2022-02-28 8,937,554 551,500 40,300 4
2021-02-28 8,884,976 413,385 39,249 8
2020-02-29 8,650,043 401,108 30,817 5
DB:JUS1 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-02-28 8,518,215 469,874 23,637
2018-11-30 8,522,805 29,556
2018-08-31 8,487,810 510,936 30,864
2018-05-31 8,426,531 27,401
2018-02-28 8,390,012 463,911 24,522
2017-11-30 8,316,856 24,107
2017-08-31 8,266,911 368,838 20,845
2017-05-31 8,232,117 21,188
2017-02-28 8,210,145 294,893 11,255
2016-11-30 8,240,543 6,226
2016-08-31 8,213,680 229,893 -1,493
2016-05-31 8,203,457 -5,266

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aeon's earnings are expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
  • Aeon's revenue is expected to grow by 2.1% 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:JUS1 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 8 Analyst Estimates (S&P Global) See Below

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

DB:JUS1 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-02-29
2023-02-28
2022-02-28 36.67 37.70 35.64 2.00
2021-02-28 46.69 57.20 30.80 8.00
2020-02-29 36.63 49.90 28.50 6.00
DB:JUS1 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-02-28 28.11
2018-11-30 35.17
2018-08-31 36.76
2018-05-31 32.65
2018-02-28 29.23
2017-11-30 28.75
2017-08-31 24.87
2017-05-31 25.29
2017-02-28 13.44
2016-11-30 7.44
2016-08-31 -1.78
2016-05-31 -6.30

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

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

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

Past Performance

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

DB:JUS1 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 8,518,215.00 23,637.00 2,630,711.00
2018-11-30 8,522,805.00 29,556.00 2,631,415.00
2018-08-31 8,487,810.00 30,864.00 2,621,113.00
2018-05-31 8,426,531.00 27,401.00 2,598,988.00
2018-02-28 8,390,012.00 24,522.00 2,580,953.00
2017-11-30 8,316,856.00 24,107.00 2,560,389.00
2017-08-31 8,266,911.00 20,845.00 2,539,897.00
2017-05-31 8,232,117.00 21,188.00 2,527,683.00
2017-02-28 8,210,145.00 11,255.00 2,515,905.00
2016-11-30 8,240,543.00 6,226.00 2,533,065.00
2016-08-31 8,213,680.00 -1,493.00 2,517,650.00
2016-05-31 8,203,457.00 -5,266.00 2,502,618.00
2016-02-29 8,176,732.00 6,008.00 2,479,414.00
2015-11-30 8,037,582.00 -4,769.00 2,460,407.00
2015-08-31 7,721,915.00 42,177.00 2,367,941.00
2015-05-31 7,384,962.00 45,779.00 2,274,990.00
2015-02-28 7,078,577.00 42,069.00 2,191,417.00
2014-11-30 6,851,074.00 55,037.00 2,142,052.00
2014-08-31 6,844,886.00 24,076.00 2,124,050.00
2014-05-31 6,646,494.00 33,740.00 2,030,653.00
2014-02-28 6,395,142.00 45,600.00 1,922,980.00
2013-11-30 6,185,955.00 57,038.00 1,839,569.00
2013-08-31 5,947,846.00 70,257.00 1,731,509.00
2013-05-31 5,820,502.00 74,771.00 1,672,904.00
2013-02-28 5,685,303.00 74,697.00 1,628,205.00
2012-11-30 5,578,296.00 67,800.00 1,602,630.00
2012-08-31 5,415,402.00 67,319.00 1,555,278.00
2012-05-31 5,332,652.00 74,084.00 1,523,735.00

*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.
  • Aeon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aeon used its assets less efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Aeon has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aeon'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 Consumer Retailing 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.
Aeon has a total score of 1/6, see the detailed checks below.

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

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

Health

 How is Aeon'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 Aeon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aeon's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Aeon's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aeon'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 2.3x 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 Aeon Company Filings, last reported 1 month ago.

DB:JUS1 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 1,875,363.00 2,597,463.00 1,281,039.00
2018-11-30 1,850,371.00 2,521,709.00 1,129,613.00
2018-08-31 1,882,990.00 2,432,799.00 1,149,300.00
2018-05-31 1,882,219.00 2,441,460.00 1,098,503.00
2018-02-28 1,916,736.00 2,432,040.00 1,126,919.00
2017-11-30 1,867,240.00 2,431,858.00 878,912.00
2017-08-31 1,849,578.00 2,325,793.00 1,012,708.00
2017-05-31 1,838,598.00 2,264,926.00 973,540.00
2017-02-28 1,862,409.00 2,325,902.00 1,027,812.00
2016-11-30 1,783,831.00 2,316,844.00 893,469.00
2016-08-31 1,772,720.00 2,204,203.00 921,813.00
2016-05-31 1,807,445.00 2,230,258.00 876,752.00
2016-02-29 1,819,472.00 2,249,479.00 973,823.00
2015-11-30 1,840,068.00 2,158,413.00 868,397.00
2015-08-31 1,878,026.00 2,052,703.00 915,499.00
2015-05-31 1,871,800.00 1,980,119.00 940,248.00
2015-02-28 1,829,978.00 1,932,347.00 1,005,396.00
2014-11-30 1,747,580.00 1,965,525.00 838,325.00
2014-08-31 1,667,351.00 1,714,995.00 810,799.00
2014-05-31 1,669,311.00 1,616,751.00 789,351.00
2014-02-28 1,684,567.00 1,633,800.00 823,612.00
2013-11-30 1,635,421.00 1,526,848.00 833,785.00
2013-08-31 1,616,164.00 1,518,272.00 807,570.00
2013-05-31 1,497,135.00 1,695,644.00 699,004.00
2013-02-28 1,447,702.00 1,678,687.00 698,697.00
2012-11-30 1,332,698.00 1,485,375.00 210,896.00
2012-08-31 1,311,388.00 1,371,411.00 171,225.00
2012-05-31 1,274,385.00 1,414,693.00 306,645.00
  • Aeon's level of debt (138.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (97% vs 138.5% today).
  • Debt is not well covered by operating cash flow (18.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.9x coverage).
X
Financial health checks
We assess Aeon'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. Aeon has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Aeon'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
1.66%
Current annual income from Aeon dividends. Estimated to be 1.74% next year.
If you bought €2,000 of Aeon shares you are expected to receive €33 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?
  • Aeon's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Aeon's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
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:JUS1 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 8 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
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 3.7%

Industry and Market average data is calculated daily.

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

DB:JUS1 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-02-29
2023-02-28
2022-02-28 36.67 3.00
2021-02-28 36.00 8.00
2020-02-29 35.13 8.00
DB:JUS1 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-10 34.000 1.665
2019-01-15 34.000 1.500
2019-01-09 34.000 1.577
2018-10-15 34.000 1.334
2018-10-10 34.000 1.299
2018-05-24 34.000 1.439
2018-04-11 34.000 1.603
2018-01-15 30.000 1.617
2018-01-10 30.000 1.578
2017-10-13 30.000 1.661
2017-10-04 30.000 1.757
2017-05-25 30.000 1.792
2017-04-12 30.000 1.810
2017-01-16 30.000 1.815
2017-01-11 30.000 1.752
2016-10-14 30.000 1.925
2016-10-05 30.000 2.065
2016-05-26 30.000 1.983
2016-04-13 30.000 1.818
2016-01-14 28.000 1.819
2016-01-08 28.000 1.729
2015-10-15 28.000 1.520
2015-10-07 28.000 1.508
2015-05-28 28.000 1.580
2015-04-09 28.000 1.808
2015-01-13 26.000 2.028
2015-01-09 26.000 2.210
2014-10-15 26.000 2.271
2014-10-03 26.000 2.381
2014-05-29 26.000 2.224
2014-04-10 26.000 2.186
2014-01-14 26.000 2.112
2014-01-10 26.000 1.836
2013-10-15 26.000 1.915
2013-10-07 26.000 1.994
2013-05-13 26.000 1.975
2013-01-11 24.000 2.127
2012-10-15 24.000 2.631
2012-10-12 24.000 2.791
2012-07-04 24.000 2.597
2012-05-18 24.000 2.494
2012-04-12 24.000 2.324
2012-01-06 23.000 2.212
2011-10-05 23.000 2.181
2011-07-06 21.000 2.156
2011-04-14 21.000 2.235
2011-01-07 21.000 2.098
2010-10-06 18.000 1.789
2010-07-07 17.000 1.856
2010-05-14 17.000 1.785
2010-04-14 17.000 1.599
2009-10-05 17.000 2.004
2009-07-15 17.000 1.864
2009-07-07 17.000 2.023

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 Aeon's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Aeon'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 Aeon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aeon 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.

Management

 What is the CEO of Aeon'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
Motoya Okada
AGE 67
TENURE AS CEO 7.1 years
CEO Bio

Mr. Motoya Okada has been the Chief Executive Officer and the President of Kasumi Co., Ltd. since May 2003 and its Advisor since May 2004. Mr. Okada joined Kasumi Co., Ltd. in March 1976. Mr. Okada has been Advisor of CFS Corporation since May 2002, Tsuruha Co., Ltd. since November 2005 and AEON Mall Co., Ltd.(Aeon Mall Co., Ltd.) since May 2002. He has been Advisor of AEON Retail Co., Ltd. since February 2015. He has been Advisor of The Daiei, Inc. since February 2015. Mr. Okada has been an Advisor at TSURUHA Drug, Inc. since November 2005. He has been an Executive Officer of Kasumi Co., Ltd. since March 2005 and Personnel Administration Division Manager and Secretary Manager since July 2006. He served as an Advisor of Tsuruha Holdings, Inc., since November 2005. Mr. Okada served as the Chief Executive Officer and Representative Executive Officer of Aeon Co., Ltd. of Aeon Stores (Hong Kong) Co. Limited since March 2012. He served as the President of Aeon Co., Ltd. since June 1997. He served as a Senior Managing Director of Aeon Co. Ltd. since May 1995 and served as its Managing Director since February 1992. Mr. Okada served as the President of Talbots Japan Co., Ltd., a subsidiary of Aeon Co. Ltd., from 1990 to 1997. He serves as the Chairman of Laura Ashley Japan Co., Ltd. Mr. Okada has been an External Director of Kasumi Co., Ltd. since May 2004. He has been a Director of TSURUHA Drug, Inc. since November 2005, Welcia Holdings Co., Ltd. since November 2014, Aeon Stores Co., Ltd. since February 1992, CFS Corporation since May 2002, TSURUHA Drug, Inc., since November 2005 and AEON Mall Co., Ltd. (Aeon Mall Co., Ltd.) since May 1998. Mr. Okada has been an External Director of Tsuruha Holdings, Inc. since November 2005 and Kusuri No Aoki Co., Ltd. since August 2014. He has been Advisor and Director of United Super Markets Holdings Inc since March 2015. Mr. Okada has been Director of AEON Retail Co., Ltd. since February 2015. He has been Director of The Daiei, Inc. since February 2015. He has been External Director of Kusuri No Aoki Holdings Co., Ltd since November 21, 2016. He served as a Director of The Talbots Inc. from 1993 to April 7, 2010. Mr. Okada joined Aeon Co., Ltd. in March 1979 and served as its Director since May 1990. Mr. Okada served as a Director of Aeon from 1990 to 1992. He served as a Non-Executive Director of AEON Stores (Hong Kong) Co. Ltd. since February 21, 1992 to June 02, 2006. He served as a Non-Executive Director of Laura Ashley Holdings PLC from June 1998 to November 22, 2006 and served as its Director since August 1992. Mr. Okada served as a Director of Diamond City Co. Ltd. Mr. Okada graduated from Waseda University with a Bachelor Degree in Commerce and received a Master Degree in Business Administration from the Graduate School of Business Administration of Babson College.

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

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

5.6
Average Tenure
62
Average Age
  • The average tenure for the Aeon management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Motoya Okada

TITLE
Group CEO
AGE
67
TENURE
7.1 yrs

Akinori Yamashita

TITLE
CFO, Executive VP
AGE
64
TENURE
3.1 yrs

Yoshiki Mori

TITLE
Group COO
AGE
68
TENURE
7.1 yrs

Horoyuki Watanabe

TITLE
Chief Officer of Human Resources
AGE
60
TENURE
0.6 yrs

Kaori Miyake

TITLE
Chief Officer CSR & Communication and Executive Officer

Soichi Okazaki

TITLE
EVP, Representative Executive Officer and Chief Officer of GMS Business & International Business
AGE
60
TENURE
6.1 yrs

Manabu Oshima

TITLE
Chief In-Charge of Group Personnel
AGE
54
TENURE
8.1 yrs

Eiji Shibata

TITLE
Chief Officer of Merchandising & Executive Officer
AGE
63
TENURE
5.1 yrs

Yuki Habu

TITLE
Chief Officer of China Business & Executive Officer
AGE
51

Shinya Wako

TITLE
Executive VP
AGE
62
TENURE
4.9 yrs
Board of Directors Tenure

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

3.1
Average Tenure
68
Average Age
  • The tenure for the Aeon board of directors is about average.
Board of Directors

Hiroshi Yokoo

TITLE
Chairman of The Board
AGE
68
TENURE
4.9 yrs

Motoya Okada

TITLE
Group CEO
AGE
67
TENURE
28.9 yrs

Akinori Yamashita

TITLE
CFO, Executive VP
AGE
64
TENURE
3.1 yrs

Yoshiki Mori

TITLE
Group COO
AGE
68
TENURE
15.9 yrs

Yukako Uchinaga

TITLE
Outside Director
AGE
72
TENURE
5.9 yrs

Toru Nagashima

TITLE
Outside Director
AGE
75
TENURE
2.9 yrs

Takashi Tsukamoto

TITLE
Outside Director
AGE
68
TENURE
1.9 yrs

Kotaro Ohno

TITLE
Outside Director
AGE
66
TENURE
1.9 yrs

Peter Child

TITLE
Outside Director
AGE
60
TENURE
0.9 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 Aeon'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. Aeon has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Aeon Co., Ltd. operates in the retail industry in Japan and internationally. It operates through General Merchandise Store (GMS), Supermarket, Drugstore and Pharmacy, Financial Services, Shopping Center Development, Services and Specialty Store, International, and Other segments. The company operates GMS, drugstores and pharmacies, supermarkets, discount stores, convenience stores, and small-scale supermarkets, as well as specialty stores that sell packaged lunches and ready-to-eat meals, family casual apparel, women’s apparel, footwear, and others. It also provides digital, credit card, fee-based, and banking services; and facilities management, amusement, and food services. In addition, the company engages in the development and leasing of shopping centers and malls. Aeon Co., Ltd. was founded in 1758 and is headquartered in Chiba, Japan.

Details
Name: Aeon Co., Ltd.
JUS1
Exchange: DB
Founded: 1758
¥13,911,781,791
841,697,245
Website: http://www.aeon.info
Address: Aeon Co., Ltd.
1-5-1 Nakase,
Mihama-ku,
Chiba,
Chiba, 261-8515,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8267 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK AONN.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB JUS1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK AONN.Y ADR Pink Sheets LLC US USD 28. Sep 1990
Number of employees
Current staff
Staff numbers
148,146
Aeon employees.
Industry
Hypermarkets and Super Centers
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:43
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/04/10
Last earnings reported: 2019/02/28
Last annual earnings reported: 2019/02/28


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.