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Lawson

DB:LAW
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LAW
DB
¥514B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Lawson, Inc. operates and franchises convenience stores under the LAWSON, NATURAL LAWSON, and LAWSON STORE100 names in Japan, China, Indonesia, the United States, Thailand, and the Philippines. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Lawson has significant price volatility in the past 3 months.
LAW Share Price and Events
7 Day Returns
-1.8%
DB:LAW
-0.3%
Europe Consumer Retailing
1%
DE Market
1 Year Returns
-24%
DB:LAW
1.3%
Europe Consumer Retailing
-5.6%
DE Market
LAW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lawson (LAW) -1.8% -17.3% -24.1% -24% -39.5% -19.6%
Europe Consumer Retailing -0.3% -0.3% 0.3% 1.3% -2.8% -9.4%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • LAW underperformed the Consumer Retailing industry which returned 1.3% over the past year.
  • LAW underperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
LAW
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Lawson 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 Lawson 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 Lawson.

DB:LAW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
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:LAW
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%) (117.98%))
0.895
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.895 * 5.96%)
5.56%

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

The calculations below outline how an intrinsic value for Lawson 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:LAW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.56%)
2019 19,599.33 Analyst x6 18,566.75
2020 29,931.80 Analyst x5 26,860.98
2021 42,552.00 Analyst x6 36,174.59
2022 67,398.67 Analyst x3 54,278.70
2023 70,900.00 Analyst x1 54,090.24
2024 73,463.15 Est @ 3.62% 53,092.93
2025 75,372.46 Est @ 2.6% 51,602.94
2026 76,795.27 Est @ 1.89% 49,807.04
2027 77,862.57 Est @ 1.39% 47,838.72
2028 78,673.32 Est @ 1.04% 45,790.23
Present value of next 10 years cash flows ¥438,103.11
DB:LAW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥78,673.32 × (1 + 0.23%) ÷ (5.56% – 0.23%)
¥1,478,447.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,478,447.49 ÷ (1 + 5.56%)10
¥860,500.67
DB:LAW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥438,103.11 + ¥860,500.67
¥1,298,603.77
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,298,603.77 / 100.06
¥12978.5
DB:LAW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LAW represents 0.00776x of TSE:2651
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00776x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 12,978.50 x 0.00776
€100.77
Value per share (EUR) From above. €100.77
Current discount Discount to share price of €39.91
= -1 x (€39.91 - €100.77) / €100.77
60.4%

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

Current Discount
Amount off the current price Lawson is available for.
Intrinsic value
>50%
Share price is €39.91 vs Future cash flow value of €100.77
Current Discount Checks
For Lawson to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lawson's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lawson's share price is below the future cash flow value, and 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 Lawson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lawson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LAW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in JPY ¥255.70
TSE:2651 Share Price ** TSE (2019-04-24) in JPY ¥5140
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.33x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

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

** Primary Listing of Lawson.

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

= TSE:2651 Share Price ÷ EPS (both in JPY)

= 5140 ÷ 255.70

20.1x

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

  • Lawson is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Lawson is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Lawson's expected growth come at a high price?
Raw Data
DB:LAW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
4.9%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 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.1x ÷ 4.9%

4.12x

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

  • Lawson is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lawson's assets?
Raw Data
DB:LAW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in JPY ¥2,765.70
TSE:2651 Share Price * TSE (2019-04-24) in JPY ¥5140
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:LAW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2651 Share Price ÷ Book Value per Share (both in JPY)

= 5140 ÷ 2,765.70

1.86x

* Primary Listing of Lawson.

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

  • Lawson is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Lawson'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. Lawson has a total score of 2/6, 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 Lawson expected to perform in the next 1 to 3 years based on estimates from 13 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
4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lawson expected to grow at an attractive rate?
  • Lawson's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Lawson's earnings growth is positive but not above the Germany market average.
  • Lawson's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LAW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LAW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 4.9%
DB:LAW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 3%
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 11.6%
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:LAW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LAW Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-02-28 785,500 130,600 34,000 1
2022-02-28 764,900 118,524 27,076 6
2021-02-28 753,737 119,892 28,909 13
2020-02-29 730,394 132,620 23,901 12
DB:LAW Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-02-28 700,647 128,594 25,585
2018-11-30 690,908 19,352
2018-08-31 679,895 82,832 21,126
2018-05-31 668,624 23,400
2018-02-28 657,324 113,938 26,828
2017-11-30 663,386 35,340
2017-08-31 654,459 127,535 37,436
2017-05-31 641,593 37,174
2017-02-28 631,288 99,864 36,400
2016-11-30 609,873 33,764
2016-08-31 600,345 111,057 34,178
2016-05-31 592,150 32,486

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lawson's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
  • Lawson's revenue is expected to grow by 3% 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:LAW 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 13 Analyst Estimates (S&P Global) See Below

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

DB:LAW Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-02-28 339.60 339.60 339.60 1.00
2022-02-28 270.58 323.70 235.90 6.00
2021-02-28 288.78 363.39 244.90 13.00
2020-02-29 238.73 323.35 175.42 13.00
DB:LAW Past Financials Data
Date (Data in JPY Millions) EPS *
2019-02-28 255.70
2018-11-30 193.41
2018-08-31 211.14
2018-05-31 233.87
2018-02-28 268.16
2017-11-30 353.28
2017-08-31 374.28
2017-05-31 371.70
2017-02-28 363.97
2016-11-30 337.62
2016-08-31 341.77
2016-05-31 324.86

*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.
  • Lawson is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lawson'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.
Lawson 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.

Past Performance

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

DB:LAW Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 700,647.00 25,585.00 375,090.00
2018-11-30 690,908.00 19,352.00 377,809.00
2018-08-31 679,895.00 21,126.00 369,077.00
2018-05-31 668,624.00 23,400.00 361,026.00
2018-02-28 657,324.00 26,828.00 351,630.00
2017-11-30 663,386.00 35,340.00 349,263.00
2017-08-31 654,459.00 37,436.00 341,854.00
2017-05-31 641,593.00 37,174.00 334,949.00
2017-02-28 631,288.00 36,400.00 327,744.00
2016-11-30 609,873.00 33,764.00 329,332.00
2016-08-31 600,345.00 34,178.00 320,193.00
2016-05-31 592,150.00 32,486.00 313,919.00
2016-02-29 583,452.00 31,381.00 305,805.00
2015-11-30 570,986.00 31,209.00 300,839.00
2015-08-31 545,321.00 30,608.00 285,591.00
2015-05-31 520,998.00 31,305.00 269,050.00
2015-02-28 497,913.00 32,686.00 257,527.00
2014-11-30 477,673.00 40,446.00 247,048.00
2014-08-31 478,980.00 40,807.00 246,097.00
2014-05-31 482,877.00 39,870.00 248,036.00
2014-02-28 485,247.00 37,965.00 248,399.00
2013-11-30 485,214.00 35,104.00 288,006.00
2013-08-31 486,679.00 34,368.00 284,734.00
2013-05-31 485,508.00 34,109.00 245,419.00
2013-02-28 487,445.00 33,182.00 277,442.00
2012-11-30 490,358.00 32,817.00 241,643.00
2012-08-31 487,900.00 33,786.00 238,311.00
2012-05-31 488,371.00 33,135.00 235,435.00

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

Health

 How is Lawson'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 Lawson's finances.

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

DB:LAW Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 281,982.00 606,791.00 354,240.00
2018-11-30 283,740.00 617,259.00 389,508.00
2018-08-31 288,197.00 247,435.00 43,805.00
2018-05-31 274,908.00 209,730.00 56,221.00
2018-02-28 281,445.00 239,064.00 30,124.00
2017-11-30 286,959.00 222,501.00 46,709.00
2017-08-31 289,796.00 193,706.00 76,090.00
2017-05-31 275,065.00 189,646.00 98,072.00
2017-02-28 285,993.00 216,453.00 68,115.00
2016-11-30 281,931.00 183,712.00 62,008.00
2016-08-31 280,469.00 183,816.00 104,716.00
2016-05-31 267,768.00 178,464.00 119,189.00
2016-02-29 272,995.00 172,085.00 69,797.00
2015-11-30 272,692.00 168,574.00 76,614.00
2015-08-31 273,641.00 167,788.00 112,274.00
2015-05-31 260,511.00 161,149.00 136,506.00
2015-02-28 263,796.00 156,862.00 76,758.00
2014-11-30 263,188.00 175,537.00 111,822.00
2014-08-31 262,434.00 99,105.00 124,963.00
2014-05-31 247,740.00 83,994.00 101,643.00
2014-02-28 250,495.00 78,931.00 76,763.00
2013-11-30 242,217.00 72,756.00 82,596.00
2013-08-31 241,977.00 67,441.00 100,285.00
2013-05-31 230,026.00 65,034.00 91,318.00
2013-02-28 230,182.00 63,283.00 84,770.00
2012-11-30 223,411.00 55,741.00 62,104.00
2012-08-31 222,814.00 54,508.00 90,514.00
2012-05-31 210,848.00 52,143.00 122,657.00
  • Lawson's level of debt (215.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.5% vs 215.2% today).
  • Debt is well covered by operating cash flow (21.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35x coverage).
X
Financial health checks
We assess Lawson'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. Lawson has a total score of 4/6, 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 Lawson'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
2.92%
Current annual income from Lawson dividends. Estimated to be 3.7% next year.
If you bought €2,000 of Lawson shares you are expected to receive €58 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?
  • Lawson's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Lawson's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
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:LAW 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 13 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 327 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:LAW Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-02-28
2022-02-28 150.00 4.00
2021-02-28 201.92 13.00
2020-02-29 190.91 11.00
DB:LAW Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-11 150.000 2.815
2019-01-11 255.000 3.919
2019-01-10 255.000 3.694
2018-10-12 255.000 3.563
2018-10-11 255.000 3.649
2018-05-23 255.000 3.759
2018-04-11 255.000 3.593
2018-01-12 255.000 3.567
2018-01-10 255.000 3.428
2017-10-13 255.000 3.368
2017-10-11 255.000 3.397
2017-05-31 255.000 3.397
2017-04-12 255.000 3.409
2017-01-13 250.000 3.164
2017-01-11 250.000 3.071
2016-10-13 250.000 3.139
2016-10-12 250.000 3.232
2016-05-25 250.000 3.136
2016-04-13 250.000 2.901
2016-01-14 245.000 2.654
2016-01-13 245.000 2.611
2015-10-13 245.000 2.623
2015-10-07 245.000 2.764
2015-05-27 245.000 2.834
2015-04-09 245.000 2.886
2015-01-14 240.000 3.002
2015-01-09 240.000 3.260
2014-10-08 240.000 3.289
2014-10-07 240.000 3.265
2014-05-28 220.000 2.894
2014-04-10 220.000 3.133
2014-01-09 220.000 3.045
2013-10-11 220.000 2.874
2013-10-08 220.000 2.936
2013-04-10 210.000 2.769
2013-01-15 200.000 2.917
2013-01-09 200.000 3.265
2012-10-15 200.000 3.506
2012-10-03 200.000 3.464
2012-07-03 190.000 3.291
2012-05-30 190.000 3.503
2012-04-12 190.000 3.568
2012-01-13 186.000 3.850
2012-01-10 186.000 3.973
2011-10-14 174.000 3.829
2011-10-13 174.000 4.009
2011-07-05 175.000 4.094
2011-05-25 175.000 4.275
2011-04-14 175.000 4.413
2011-01-14 170.000 4.249
2011-01-11 170.000 4.218
2010-10-15 170.000 4.515
2010-10-12 170.000 4.595
2010-05-26 170.000 4.355
2010-01-14 160.000 3.983
2010-01-07 160.000 3.872
2009-10-15 160.000 3.912
2009-10-08 160.000 4.022

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Lawson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (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 Lawson'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 Lawson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lawson has a total score of 1/6, 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 Lawson'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
Sadanobu Takemasu
AGE 49
TENURE AS CEO 1.6 years
CEO Bio

Mr. Sadanobu Takemasu has been the President and Chief Executive Officer at Lawson Inc. since June 1, 2016 and September 2017 respectively and served as its Senior Executive Vice President and Division Director of Corporate Sales and Store Development Division from May 27, 2014 to June 1, 2016. Mr. Takemasu served as Chief Operating Officer of Lawson Inc. since June 01, 2016. He served as an Executive Assistant to the President and Chief Executive Officer of Mitsubishi Corp. He serves as the Chairman of Lawson Inc. since September 2017 and has been its Representative Director since May 27, 2014.

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

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

2.1
Average Tenure
49
Average Age
  • The tenure for the Lawson management team is about average.
Management Team

Sadanobu Takemasu

TITLE
Chairman
AGE
49
TENURE
1.6 yrs

Satoshi Nakaniwa

TITLE
Executive VP
AGE
49
TENURE
2.1 yrs

Masayuki Sawada

TITLE
Senior VP

Jun Miyazaki

TITLE
Senior Executive Managing Officer and Director of Corporate Communications Division & HR

Kazuya Nobe

TITLE
Executive VP & Director of Marketing Division
AGE
46

Toshihiko Chihiro

TITLE
Senior VP & Director of Corporate Sales and Store Development Division

Shuichi Imagawa

TITLE
Executive Vice President of Compliance

Katsuyuki Imada

TITLE
Senior Executive Managing Officer
AGE
55
TENURE
15.1 yrs

Norikazu Nishiguchi

TITLE
SVP, Director of Healthcare Business Division and Dy Director of BPR & Information Systems Division

Atsushi Maeda

TITLE
Senior VP & Deputy Director of Merchandising Division
Board of Directors Tenure

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

2.9
Average Tenure
55.5
Average Age
  • The average tenure for the Lawson board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sadanobu Takemasu

TITLE
Chairman
AGE
49
TENURE
1.6 yrs

Satoshi Nakaniwa

TITLE
Executive VP
AGE
49
TENURE
1.9 yrs

Katsuyuki Imada

TITLE
Senior Executive Managing Officer
AGE
55
TENURE
1.9 yrs

Tetsuo Ozawa

TITLE
Outside Audit & Supervisory Board Member
AGE
71
TENURE
16.3 yrs

Emi Osono

TITLE
Outside Director
AGE
53
TENURE
6.9 yrs

Yutaka Kyoya

TITLE
Director
AGE
56
TENURE
5.9 yrs

Sakie Akiyama

TITLE
Outside Director
TENURE
4.9 yrs

Keiko Hayashi

TITLE
Outside Director
AGE
59
TENURE
2.9 yrs

Kazunori Nishio

TITLE
Director
AGE
57
TENURE
2.9 yrs

Miki Iwamura

TITLE
Outside Director
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 Lawson'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. Lawson 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

Lawson, Inc. operates and franchises convenience stores under the LAWSON, NATURAL LAWSON, and LAWSON STORE100 names in Japan, China, Indonesia, the United States, Thailand, and the Philippines. It operates through Domestic Convenience Store Business, Seijo Ishii Business, and Entertainment-Related Business segments. The company’s stores offer processed foods, fast foods, daily delivered foods, and nonfood products, as well as OTC pharmaceuticals, cosmetics, and daily necessities. Its stores primarily offer fast food items, rice balls, and bento boxed lunches, as well as coffee and sweets. The company also sells tickets for concerts; and music CD and DVD products, books/electronic books, and related products through its stores, as well as online. In addition, the company engages in the temporary holding of parcels for customer pick-up; installation of postboxes; management of HMV stores; operation of United Cinemas movie theaters and MACHI café; and provision of public utility payment services, as well as automated teller machine services (ATM) at LAWSON stores. Further, the company engages in the financial service related business. It operates approximately 13,992 LAWSON, NATURAL LAWSON, and LAWSON STORE100 stores; 351 United Cinema movie theater screens; 54 HMV stores; 12,733 LAWSON ATMs; 140 Seijo Ishii supermarket stores; and 176 non-prescription drugs stores. The company was formerly known as Daiei Convenience Systems, Co. Ltd. and changed its name to Lawson, Inc. in June 1996. The company was founded in 1975 and is headquartered in Tokyo, Japan. As of February 9, 2017, Lawson, Inc. operates a subsidiary of Mitsubishi Corporation.

Details
Name: Lawson, Inc.
LAW
Exchange: DB
Founded: 1975
¥4,110,249,045
100,058,103
Website: http://www.lawson.co.jp
Address: Lawson, Inc.
East Tower,
Gate City Ohsaki,
Tokyo,
141-8643,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2651 Common Stock The Tokyo Stock Exchange JP JPY 26. Jul 2000
OTCPK LWSO.F Common Stock Pink Sheets LLC US USD 26. Jul 2000
DB LAW Common Stock Deutsche Boerse AG DE EUR 26. Jul 2000
Number of employees
Current staff
Staff numbers
10,028
Lawson employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:36
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/04/11
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.