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Hitachi Capital

DB:HCD
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HCD
DB
¥271B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Hitachi Capital Corporation provides a range of financial services in Japan, Europe, the Americas, China, and the ASEAN countries. The last earnings update was 102 days ago. More info.


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HCD Share Price and Events
7 Day Returns
-2.1%
DB:HCD
-1.5%
Europe Consumer Finance
-2.3%
DE Market
1 Year Returns
-17.2%
DB:HCD
-20.4%
Europe Consumer Finance
-11.5%
DE Market
HCD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hitachi Capital (HCD) -2.1% -8.6% -8.3% -17.2% 0.3% 6.5%
Europe Consumer Finance -1.5% -6.3% -7.5% -20.4% -42.7% -39.7%
DE Market -2.3% -4.9% 0.8% -11.5% 5.7% 6.6%
1 Year Return vs Industry and Market
  • HCD outperformed the Consumer Finance industry which returned -20.4% over the past year.
  • HCD underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
HCD
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Hitachi Capital 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 Hitachi Capital 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 Hitachi Capital.

DB:HCD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ¥3,774.01 * 9.2%
¥348.30
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. ¥3,774.01
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HCD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.721 (1 + (1- 30.86%) (1123.7%))
4.564
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:HCD using Excess Returns Model Model

The calculations below outline how an intrinsic value for Hitachi Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:HCD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.2% – 12.15%) * ¥3,774.01)
¥-110.16
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-110.16 / (12.15% - 0.23%)
¥-924.19
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥3,774.01 + ¥-924.19
¥2849.82
DB:HCD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HCD represents 0.00807x of TSE:8586
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00807x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,849.82 x 0.00807
€23.00
Value per share (EUR) From above. €23.00
Current discount Discount to share price of €18.73
= -1 x (€18.73 - €23.00) / €23.00
18.6%

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

Current Discount
Amount off the current price Hitachi Capital is available for.
Intrinsic value
19%
Share price is €18.73 vs Future cash flow value of €23
Current Discount Checks
For Hitachi Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hitachi Capital's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Hitachi Capital's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hitachi Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hitachi Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HCD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥303.44
TSE:8586 Share Price ** TSE (2019-05-24) in JPY ¥2321
Europe Consumer Finance Industry PE Ratio Median Figure of 29 Publicly-Listed Consumer Finance Companies 10.61x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 20.2x

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

** Primary Listing of Hitachi Capital.

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

= TSE:8586 Share Price ÷ EPS (both in JPY)

= 2321 ÷ 303.44

7.65x

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

  • Hitachi Capital is good value based on earnings compared to the Europe Consumer Finance industry average.
  • Hitachi Capital is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hitachi Capital's expected growth come at a high price?
Raw Data
DB:HCD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
5.9%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Finance Companies 0.64x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.65x ÷ 5.9%

1.29x

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

  • Hitachi Capital is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hitachi Capital's assets?
Raw Data
DB:HCD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥3,309.13
TSE:8586 Share Price * TSE (2019-05-24) in JPY ¥2321
Europe Consumer Finance Industry PB Ratio Median Figure of 38 Publicly-Listed Consumer Finance Companies 1.18x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.77x
DB:HCD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8586 Share Price ÷ Book Value per Share (both in JPY)

= 2321 ÷ 3,309.13

0.7x

* Primary Listing of Hitachi Capital.

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

  • Hitachi Capital is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess Hitachi Capital'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 Finance 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 Finance industry average (and greater than 0)? (1 check)
  5. Hitachi Capital has a total score of 3/6, 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 Hitachi Capital expected to perform in the next 1 to 3 years based on estimates from 3 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
5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hitachi Capital expected to grow at an attractive rate?
  • Hitachi Capital's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hitachi Capital's earnings growth is positive but not above the Germany market average.
  • Hitachi Capital's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HCD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HCD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 5.9%
DB:HCD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.8%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
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:HCD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HCD Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 488,633 41,967 3
2020-03-31 466,433 40,067 3
2019-03-31 442,325 37,967 4
DB:HCD Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 445,474 -202,363 35,462
2018-09-30 434,392 -221,548 34,060
2018-06-30 421,611 -211,385 33,930
2018-03-31 404,124 -219,623 32,057
2017-12-31 398,556 -164,847 35,281
2017-09-30 387,334 -147,611 34,006
2017-06-30 379,886 -133,000 33,733
2017-03-31 370,860 -142,653 32,926
2016-12-31 361,532 -155,554 31,498
2016-09-30 363,307 -226,532 31,479
2016-06-30 363,854 -217,197 31,493
2016-03-31 365,354 -206,372 32,694

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hitachi Capital's earnings are expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
  • Hitachi Capital's revenue is expected to grow by 4.8% 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:HCD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Hitachi Capital Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HCD Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 359.15 378.24 346.60 3.00
2020-03-31 342.85 350.86 338.00 3.00
2019-03-31 324.85 334.56 315.70 3.00
DB:HCD Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 303.44
2018-09-30 291.42
2018-06-30 290.29
2018-03-31 274.26
2017-12-31 301.84
2017-09-30 290.93
2017-06-30 288.60
2017-03-31 281.69
2016-12-31 269.47
2016-09-30 269.31
2016-06-30 269.43
2016-03-31 279.71

*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.
  • Hitachi Capital is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hitachi Capital'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.
Hitachi Capital 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 Hitachi Capital 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 Hitachi Capital's growth in the last year to its industry (Consumer Finance).
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.
  • Hitachi Capital's year on year earnings growth rate has been positive over the past 5 years.
  • Hitachi Capital's 1-year earnings growth is less than its 5-year average (0.5% vs 9.5%)
  • Hitachi Capital's earnings growth has not exceeded the Europe Consumer Finance industry average in the past year (0.5% vs 17.3%).
Earnings and Revenue History
Hitachi Capital'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 Hitachi Capital Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HCD Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 445,474.00 35,462.00 88,450.00
2018-09-30 434,392.00 34,060.00 88,446.00
2018-06-30 421,611.00 33,930.00 87,536.00
2018-03-31 404,124.00 32,057.00 86,274.00
2017-12-31 398,556.00 35,281.00 84,732.00
2017-09-30 387,334.00 34,006.00 82,958.00
2017-06-30 379,886.00 33,733.00 82,332.00
2017-03-31 370,860.00 32,926.00 81,902.00
2016-12-31 361,532.00 31,498.00 82,062.00
2016-09-30 363,307.00 31,479.00 83,753.00
2016-06-30 363,854.00 31,493.00 84,689.00
2016-03-31 365,354.00 32,694.00 84,783.00
2015-12-31 522,971.00 29,792.00 82,927.00
2015-09-30 468,678.00 27,893.00 82,756.00
2015-06-30 412,576.00 26,109.00 81,325.00
2015-03-31 356,291.00 24,140.00 80,381.00
2014-12-31 139,858.00 24,568.00 80,564.00
2014-09-30 134,309.00 24,014.00 77,348.00
2014-06-30 131,489.00 23,263.00 76,349.00
2014-03-31 127,979.00 22,195.00 75,244.00
2013-12-31 123,219.00 22,227.00 71,690.00
2013-09-30 116,795.00 19,958.00 69,072.00
2013-06-30 109,565.00 18,149.00 65,456.00
2013-03-31 103,304.00 16,546.00 61,335.00
2012-12-31 99,291.00 16,429.00 61,324.00
2012-09-30 95,157.00 14,385.00 58,587.00
2012-06-30 94,217.00 13,317.00 57,150.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hitachi Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hitachi Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hitachi Capital'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.
  • Low level of unsold assets.
  • 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 Hitachi Capital Company Filings, last reported 4 months ago.

DB:HCD Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 401,307.00 3,047,753.00 232,000.00
2018-09-30 406,496.00 3,042,987.00 234,678.00
2018-06-30 392,866.00 2,908,865.00 191,684.00
2018-03-31 393,106.00 2,812,990.00 174,805.00
2017-12-31 392,449.00 2,828,029.00 222,342.00
2017-09-30 384,561.00 2,712,393.00 189,374.00
2017-06-30 370,868.00 2,632,387.00 171,304.00
2017-03-31 363,177.00 2,546,720.00 178,081.00
2016-12-31 359,636.00 2,549,851.00 181,413.00
2016-09-30 340,950.00 2,350,546.00 168,495.00
2016-06-30 334,992.00 2,352,514.00 163,184.00
2016-03-31 347,559.00 2,341,681.00 157,091.00
2015-12-31 353,465.00 2,394,304.00 164,100.00
2015-09-30 350,225.00 2,272,856.00 158,429.00
2015-06-30 348,337.00 2,281,400.00 152,803.00
2015-03-31 336,830.00 2,149,103.00 119,314.00
2014-12-31 332,247.00 1,969,004.00 175,827.00
2014-09-30 323,187.00 1,804,861.00 170,965.00
2014-06-30 311,481.00 1,683,264.00 153,660.00
2014-03-31 307,004.00 1,615,133.00 155,658.00
2013-12-31 303,120.00 1,580,404.00 156,706.00
2013-09-30 293,712.00 1,478,447.00 144,999.00
2013-06-30 285,946.00 1,498,426.00 147,167.00
2013-03-31 288,894.00 1,182,795.00 144,054.00
2012-12-31 281,553.00 1,173,025.00 140,844.00
2012-09-30 275,964.00 1,099,425.00 140,030.00
2012-06-30 270,908.00 1,071,658.00 141,646.00
  • Hitachi Capital's level of debt (759.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (521.4% vs 759.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Hitachi Capital's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Hitachi Capital'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. Hitachi Capital has a total score of 1/6, 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 Hitachi Capital'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
3.96%
Current annual income from Hitachi Capital dividends. Estimated to be 4.54% next year.
If you bought €2,000 of Hitachi Capital shares you are expected to receive €79 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?
  • Hitachi Capital's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Hitachi Capital's dividend is above the markets top 25% of dividend payers in Germany (3.89%).
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:HCD 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 3 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:HCD Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 108.21 3.00
2020-03-31 102.48 3.00
2019-03-31 95.00 2.00
DB:HCD Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 92.000 3.618
2019-02-05 92.000 3.744
2018-11-12 92.000 3.644
2018-11-05 92.000 3.102
2018-06-22 92.000 3.124
2018-05-09 92.000 3.140
2018-02-13 86.000 3.125
2018-02-02 86.000 2.947
2017-11-13 86.000 3.004
2017-10-31 86.000 3.031
2017-06-26 86.000 3.225
2017-04-27 86.000 3.236
2017-02-13 86.000 3.063
2017-01-27 86.000 3.002
2016-11-11 86.000 3.002
2016-10-26 86.000 3.672
2016-06-27 86.000 4.175
2016-04-28 86.000 3.670
2016-02-12 84.000 3.460
2016-01-28 84.000 3.081
2015-11-13 84.000 2.635
2015-10-27 84.000 2.439
2015-06-24 76.000 2.431
2015-05-13 76.000 2.461
2015-02-13 54.000 2.080
2015-01-27 54.000 2.278
2014-11-13 54.000 2.083
2014-10-27 54.000 2.018
2014-06-27 50.000 1.882
2014-04-24 50.000 1.949
2014-02-13 46.000 1.892
2014-01-29 46.000 1.766
2013-11-13 46.000 1.591
2013-10-25 46.000 1.752
2013-07-30 42.000 1.840
2013-06-27 42.000 1.863
2013-04-25 42.000 1.897
2013-02-14 36.000 1.840
2013-01-29 36.000 2.044
2012-11-13 36.000 2.158
2012-10-29 36.000 2.289
2012-07-24 36.000 2.539
2012-06-26 34.000 2.617
2012-04-25 36.000 3.004
2012-02-10 32.000 2.627
2012-01-25 32.000 2.791
2011-11-11 32.000 3.087
2011-07-28 32.000 3.268
2011-04-26 32.000 2.976
2011-01-26 32.000 2.759
2010-08-13 32.000 2.687
2010-07-28 32.000 2.747
2010-06-22 32.000 2.698
2010-04-28 32.000 2.420
2010-02-12 30.000 2.354
2010-01-25 30.000 2.507
2009-11-13 30.000 2.541
2009-10-28 30.000 2.547
2009-07-23 30.000 2.437
2009-06-25 30.000 2.505

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Hitachi Capital's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x 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 Hitachi Capital'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 Hitachi Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hitachi Capital has a total score of 4/6, 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 Hitachi Capital'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
Seiji Kawabe
AGE 63
TENURE AS CEO 3.1 years
CEO Bio

Mr. Seiji Kawabe has been Chief Executive Officer and President of Hitachi Capital Corporation since April 1, 2016 and serves as its Representative Executive Officer since April 2016. Mr. Kawabe served as a Senior Vice President and Executive Officer of Hitachi Capital Corporation until April 1, 2016. He served as a Senior Corporate Officer and General Manager of Business Head Office and Finance Services Head Office at Hitachi Capital Corp., and served as its General Manager of Business Control Division. Mr. Kawabe served as an Administrative Officer of Hitachi Capital Corp. Mr. Kawabe has been Director at Hitachi Capital Corporation since June 30, 2016.

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

Average tenure and age of the Hitachi Capital management team in years:

3.1
Average Tenure
59
Average Age
  • The tenure for the Hitachi Capital management team is about average.
Management Team

Seiji Kawabe

TITLE
Representative Executive Officer
AGE
63
TENURE
3.1 yrs

Satoshi Inoue

TITLE
VP, Executive Officer
AGE
59

Masao Nishida

TITLE
VP & Executive Officer
AGE
58
TENURE
7.1 yrs

Seiichiro Kishino

TITLE
Representative Executive Officer
AGE
62
TENURE
3.1 yrs

Akihiko Sugawara

TITLE
Senior VP & Executive Officer
AGE
60
TENURE
5.1 yrs

Chihiro Shirai

TITLE
Senior Vice President & Executive Officer
AGE
59
TENURE
5.1 yrs

Ryoji Satoh

TITLE
Executive Officer
AGE
59
TENURE
2.1 yrs

Masao Takemoto

TITLE
VP & Executive Officer
AGE
58

Masashi Takeda

TITLE
VP & Executive Officer
AGE
54
TENURE
1.1 yrs

Yoshikazu Ohashi

TITLE
VP & Executive Officer
AGE
56
Board of Directors Tenure

Average tenure and age of the Hitachi Capital board of directors in years:

1.9
Average Tenure
62.5
Average Age
  • The average tenure for the Hitachi Capital board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kazuya Miura

TITLE
Chairman of the Board
AGE
65
TENURE
3.1 yrs

Seiji Kawabe

TITLE
Representative Executive Officer
AGE
63
TENURE
2.9 yrs

Koichiro Hiraiwa

TITLE
Independent Outside Director
AGE
68
TENURE
3.9 yrs

Wataru Sueyoshi

TITLE
Independent Outside Director
AGE
62
TENURE
2.9 yrs

Kiyoshi Kojima

TITLE
Director
AGE
59
TENURE
1.9 yrs

Takashi Nakamura

TITLE
Independent Outside Director
AGE
63
TENURE
1.9 yrs

Shinichiro Omori

TITLE
Outside Director
AGE
62
TENURE
1.9 yrs

Makoto Kobayashi

TITLE
Outside Director
AGE
56
TENURE
1.9 yrs

Yuri Sasaki

TITLE
Independent Outside Director
AGE
51
TENURE
0.9 yrs

Yoshitaka Tsuda

TITLE
Outside Director
AGE
63
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 Hitachi Capital'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. Hitachi Capital 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

Hitachi Capital Corporation provides a range of financial services in Japan, Europe, the Americas, China, and the ASEAN countries. The company offers sales and trade financing, project financing, factoring, and leasing services. It also provides agency services for invoicing, collections, administrative works, etc.; one-stop services, including business process reconstructing and its operation; and risk solutions for unexpected situations, and long-term disability income and work disability income indemnity insurance products. In addition, the company holds, manages, and maintains commercial real estates; and deals in various real estate properties, such as logistics warehouses and commercial facilities. Further, it provides support services comprising business and financial plans, and operation launch and maintenance services; sells used products, including office and industrial equipment, factory equipment, and scientific instruments; and supports investment cost reduction, early startup of production line, shortening of the depreciation period, cash flow improvement, equipment procurement, and reduction of maintenance and disposal processes. Additionally, the company offers services related to vehicle leasing and management operations, and solutions for insurance, maintenance, technical support, environmental considerations, etc.; and rents information equipment, measuring and scientific instruments, etc. It also provides building lease systems; and real estate leasing services, such as distribution warehouses and data centers, etc. The company was founded in 1957 and is headquartered in Tokyo, Japan.

Details
Name: Hitachi Capital Corporation
HCD
Exchange: DB
Founded: 1957
¥2,214,169,458
116,856,782
Website: http://www.hitachi-capital.co.jp
Address: Hitachi Capital Corporation
Nishi-Shimbashi Square,
1-3-1, Nishi Shimbashi,
Tokyo,
105-0003,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8586 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB HCD Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
5,390
Hitachi Capital employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 21:01
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.