DB:OLL

Stock Analysis Report

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Executive Summary

Oriental Land Co., Ltd. operates and manages theme parks and hotels in Japan.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.

Share Price & News

How has Oriental Land's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.8%

OLL

22.9%

DE Hospitality

3.1%

DE Market


1 Year Return

18.4%

OLL

-29.7%

DE Hospitality

0.1%

DE Market

Return vs Industry: OLL exceeded the German Hospitality industry which returned -29.7% over the past year.

Return vs Market: OLL exceeded the German Market which returned 0.2% over the past year.


Shareholder returns

OLLIndustryMarket
7 Day0.8%22.9%3.1%
30 Day5.8%20.0%5.6%
90 Day21.9%-16.6%-1.8%
1 Year18.7%18.4%-27.1%-29.7%1.8%0.1%
3 Year124.9%122.5%-49.8%-56.5%-7.2%-14.3%
5 Year127.9%123.0%-47.8%-58.7%4.3%-9.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Oriental Land undervalued compared to its fair value and its price relative to the market?

82.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OLL (€128) is trading above our estimate of fair value (€52.57)

Significantly Below Fair Value: OLL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OLL is poor value based on its PE Ratio (82.5x) compared to the Hospitality industry average (23.4x).

PE vs Market: OLL is poor value based on its PE Ratio (82.5x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: OLL is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: OLL is overvalued based on its PB Ratio (6.2x) compared to the DE Hospitality industry average (2x).


Next Steps

Future Growth

How is Oriental Land forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

22.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OLL's forecast earnings growth (22.4% per year) is above the savings rate (0.2%).

Earnings vs Market: OLL's earnings (22.4% per year) are forecast to grow faster than the German market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OLL's revenue (12.3% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: OLL's revenue (12.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OLL's Return on Equity is forecast to be low in 3 years time (12.4%).


Next Steps

Past Performance

How has Oriental Land performed over the past 5 years?

3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLL has a high level of non-cash earnings.

Growing Profit Margin: OLL's current net profit margins (13.4%) are lower than last year (17.2%).


Past Earnings Growth Analysis

Earnings Trend: OLL's earnings have grown by 3.3% per year over the past 5 years.

Accelerating Growth: OLL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OLL had negative earnings growth (-31.1%) over the past year, making it difficult to compare to the Hospitality industry average (-36.8%).


Return on Equity

High ROE: OLL's Return on Equity (7.6%) is considered low.


Next Steps

Financial Health

How is Oriental Land's financial position?


Financial Position Analysis

Short Term Liabilities: OLL's short term assets (¥316.7B) exceed its short term liabilities (¥100.5B).

Long Term Liabilities: OLL's short term assets (¥316.7B) exceed its long term liabilities (¥89.9B).


Debt to Equity History and Analysis

Debt Level: OLL's debt to equity ratio (10.6%) is considered satisfactory.

Reducing Debt: OLL's debt to equity ratio has increased from 10.2% to 10.6% over the past 5 years.

Debt Coverage: OLL's debt is well covered by operating cash flow (84.2%).

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


Balance Sheet


Next Steps

Dividend

What is Oriental Land's current dividend yield, its reliability and sustainability?

0.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OLL's dividend (0.28%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: OLL's dividend (0.28%) is low compared to the top 25% of dividend payers in the German market (3.93%).


Stability and Growth of Payments

Stable Dividend: OLL is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: OLL is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: OLL is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OLL's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Toshio Kagami (83yo)

14.83yrs

Tenure

Mr. Toshio Kagami has been the Chairman and Chief Executive Officer at Oriental Land Co., Ltd. since June 29, 2005 and served as its President since June 1995 until June 2005. Mr. Kagami served as the Pres ...


Leadership Team

NamePositionTenureCompensationOwnership
Toshio Kagami
Chairman & CEO14.83yrsno data0.066% ¥28.3m
Akiyoshi Yokota
Executive Officer of Finance/Accounting11.33yrsno data0.0046% ¥2.0m
Kyoichiro Uenishi
President16.83yrsno data0.0076% ¥3.3m
Tomoyuki Shimoda
Director of Marketing Division & Officer1.33yrsno datano data
Rika Kanbara
Executive Officer1.33yrsno data0.0018% ¥781.3k
Yumiko Takano
Executive Vice President Officer & Executive Director17.33yrsno data0.0070% ¥3.0m
Tsutomu Hanada
External Executive Director15.33yrsno datano data
Wataru Takahashi
Executive Officer & Executive Director2.83yrsno data0.0043% ¥1.8m
Tetsuro Sato
Executive Officer1.33yrsno datano data
Yuichi Katayama
Executive Vice President Officer & Executive Director7.33yrsno data0.00061% ¥260.4k

1.3yrs

Average Tenure

Experienced Management: OLL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Toshio Kagami
Chairman & CEO14.83yrsno data0.066% ¥28.3m
Akiyoshi Yokota
Executive Officer of Finance/Accounting11.33yrsno data0.0046% ¥2.0m
Kyoichiro Uenishi
President16.83yrsno data0.0076% ¥3.3m
Rika Kanbara
Executive Officer1.33yrsno data0.0018% ¥781.3k
Yumiko Takano
Executive Vice President Officer & Executive Director17.33yrsno data0.0070% ¥3.0m
Tsutomu Hanada
External Executive Director15.33yrsno datano data
Wataru Takahashi
Executive Officer & Executive Director2.83yrsno data0.0043% ¥1.8m
Yuichi Katayama
Executive Vice President Officer & Executive Director7.33yrsno data0.00061% ¥260.4k
Yuichi Kaneki
Executive Officer1.33yrsno data0.00061% ¥260.4k
Yuzaburo Mogi
External Executive Director3.75yrsno datano data

9.3yrs

Average Tenure

83yo

Average Age

Experienced Board: OLL's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Oriental Land Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oriental Land Co., Ltd.
  • Ticker: OLL
  • Exchange: DB
  • Founded: 1960
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: JP¥5.112t
  • Listing Market Cap: JP¥42.695b
  • Shares outstanding: 327.38m
  • Website: https://www.olc.co.jp

Number of Employees


Location

  • Oriental Land Co., Ltd.
  • 1-1 Maihama
  • Urayasu
  • Chiba
  • 279-8511
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OLCL.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1996
4661TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYDec 1996
OLLDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1996
OLCL.YOTCPK (Pink Sheets LLC)ADRUSUSDMar 2012

Biography

Oriental Land Co., Ltd. operates and manages theme parks and hotels in Japan. It operates through Theme Park, Hotel Business, and Other Business segments. The Hotel Business segment operates and manages Tokyo Disneyland Hotel, Tokyo DisneySea Hotel MiraCosta, Disney Ambassador Hotel, and Tokyo Disney Celebration Hotel. The Other Business segment operates and manages Ikspiari, a commercial complex that includes shops and restaurants, and a cinema complex; Disney Resort Line, a monorail connecting four stations within Tokyo Disney Resort; MAIHAMA Amphitheater, a multipurpose hall that consists of a semicircular open stage and a seating area for events, ceremonies, and music concerts; and Bon Voyage, a Disney shop. The company is also involved in land development. Oriental Land Co., Ltd. was founded in 1960 and is headquartered in Urayasu, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 22:55
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.