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Rock Field

DB:RKD
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RKD
DB
¥38B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Rock Field Co., Ltd. engages in the manufacture and sale of sozai products in Japan. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
RKD Share Price and Events
7 Day Returns
-9.7%
DB:RKD
-0.3%
DE Food
-3.6%
DE Market
1 Year Returns
-24.2%
DB:RKD
-7.3%
DE Food
-11.8%
DE Market
RKD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rock Field (RKD) -9.7% -10.9% -5.7% -24.2% -8.3% 73.3%
DE Food -0.3% 2.8% 6.6% -7.3% -6.3% 18.7%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • RKD underperformed the Food industry which returned -7.3% over the past year.
  • RKD underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
RKD
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Rock Field 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 Rock Field 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 Rock Field.

DB:RKD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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:RKD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 30.86%) (2.33%))
0.701
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

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

The calculations below outline how an intrinsic value for Rock Field 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:RKD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2019 3,000.00 Analyst x1 2,857.25
2020 210.00 Analyst x1 190.49
2021 1,940.00 Analyst x1 1,676.04
2022 2,390.00 Analyst x1 1,966.56
2023 2,714.41 Est @ 13.57% 2,127.22
2024 2,974.19 Est @ 9.57% 2,219.89
2025 3,175.46 Est @ 6.77% 2,257.34
2026 3,328.06 Est @ 4.81% 2,253.25
2027 3,442.30 Est @ 3.43% 2,219.70
2028 3,527.36 Est @ 2.47% 2,166.32
Present value of next 10 years cash flows ¥19,934.06
DB:RKD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥3,527.36 × (1 + 0.23%) ÷ (5% – 0.23%)
¥74,148.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥74,148.45 ÷ (1 + 5%)10
¥45,538.06
DB:RKD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥19,934.06 + ¥45,538.06
¥65,472.12
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥65,472.12 / 26.57
¥2464.51
DB:RKD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RKD represents 0.00803x of TSE:2910
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00803x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,464.51 x 0.00803
€19.80
Value per share (EUR) From above. €19.80
Current discount Discount to share price of €11.60
= -1 x (€11.60 - €19.80) / €19.80
41.4%

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

Current Discount
Amount off the current price Rock Field is available for.
Intrinsic value
41%
Share price is €11.6 vs Future cash flow value of €19.8
Current Discount Checks
For Rock Field to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rock Field's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rock Field'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 Rock Field's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rock Field's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RKD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in JPY ¥65.20
TSE:2910 Share Price ** TSE (2019-06-14) in JPY ¥1444
Germany Food Industry PE Ratio Median Figure of 5 Publicly-Listed Food Companies 20.45x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of Rock Field.

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

= TSE:2910 Share Price ÷ EPS (both in JPY)

= 1444 ÷ 65.20

22.15x

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

  • Rock Field is overvalued based on earnings compared to the DE Food industry average.
  • Rock Field is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Rock Field's expected growth come at a high price?
Raw Data
DB:RKD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
2.3%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.77x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.15x ÷ 2.3%

9.78x

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

  • Rock Field is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Rock Field's assets?
Raw Data
DB:RKD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in JPY ¥1,072.47
TSE:2910 Share Price * TSE (2019-06-14) in JPY ¥1444
Germany Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 2.05x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:RKD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2910 Share Price ÷ Book Value per Share (both in JPY)

= 1444 ÷ 1,072.47

1.35x

* Primary Listing of Rock Field.

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

  • Rock Field is good value based on assets compared to the DE Food industry average.
X
Value checks
We assess Rock Field'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Rock Field 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 Rock Field expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rock Field expected to grow at an attractive rate?
  • Rock Field's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Rock Field's earnings growth is positive but not above the Germany market average.
  • Rock Field's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RKD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RKD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 2.3%
DB:RKD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.8%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 56.5%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:RKD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RKD Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-04-30 52,100 3,640 1,850 1
2021-04-30 51,600 3,590 1,800 1
2020-04-30 51,100 3,460 1,750 1
DB:RKD Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-04-30 50,978 3,330 1,732
2019-01-31 51,200 1,912
2018-10-31 51,399 3,445 1,961
2018-07-31 51,364 1,894
2018-04-30 51,536 3,293 2,086
2018-01-31 51,365 2,001
2017-10-31 51,057 3,772 2,069
2017-07-31 51,046 2,134
2017-04-30 50,720 3,817 2,084
2017-01-31 50,642 2,062
2016-10-31 50,436 3,779 1,968
2016-07-31 50,239 1,870

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rock Field's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Rock Field's revenue is expected to grow by 0.8% 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:RKD 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 1 Analyst Estimates (S&P Global) See Below

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

DB:RKD Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-04-30 69.64 69.64 69.64 1.00
2021-04-30 67.76 67.76 67.76 1.00
2020-04-30 65.87 65.87 65.87 1.00
DB:RKD Past Financials Data
Date (Data in JPY Millions) EPS *
2019-04-30 65.20
2019-01-31 71.98
2018-10-31 73.83
2018-07-31 71.31
2018-04-30 78.54
2018-01-31 75.34
2017-10-31 77.90
2017-07-31 80.35
2017-04-30 78.46
2017-01-31 77.64
2016-10-31 74.10
2016-07-31 70.41

*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.
  • Rock Field is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rock Field's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the 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.
Rock Field 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 Rock Field 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 Rock Field's growth in the last year to its industry (Food).
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.
  • Rock Field's year on year earnings growth rate has been positive over the past 5 years.
  • Rock Field's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Rock Field's 1-year earnings growth is negative, it can't be compared to the Europe Food industry average.
Earnings and Revenue History
Rock Field'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 Rock Field Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RKD Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 50,978.00 1,732.00 27,261.00
2019-01-31 51,200.00 1,912.00 27,243.00
2018-10-31 51,399.00 1,961.00 27,311.00
2018-07-31 51,364.00 1,894.00 27,312.00
2018-04-30 51,536.00 2,086.00 27,293.00
2018-01-31 51,365.00 2,001.00 27,346.00
2017-10-31 51,057.00 2,069.00 27,194.00
2017-07-31 51,046.00 2,134.00 27,133.00
2017-04-30 50,720.00 2,084.00 26,973.00
2017-01-31 50,642.00 2,062.00 26,832.00
2016-10-31 50,436.00 1,968.00 26,681.00
2016-07-31 50,239.00 1,870.00 26,583.00
2016-04-30 49,935.00 1,621.00 26,551.00
2016-01-31 49,656.00 1,565.00 26,471.00
2015-10-31 49,489.00 1,431.00 26,425.00
2015-07-31 49,179.00 1,220.00 26,331.00
2015-04-30 48,877.00 1,185.00 26,207.00
2015-01-31 48,590.00 1,031.00 26,155.00
2014-10-31 48,633.00 911.00 26,338.00
2014-07-31 48,628.00 911.00 26,415.00
2014-04-30 48,956.00 935.00 26,511.00
2013-04-30 48,835.00 881.00 26,395.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rock Field is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rock Field's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rock Field'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 22.3x 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 Rock Field Company Filings, last reported 1 month ago.

DB:RKD Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 28,491.00 892.00 14,442.00
2019-01-31 28,180.00 115.00 13,114.00
2018-10-31 27,778.00 115.00 13,993.00
2018-07-31 27,356.00 116.00 13,120.00
2018-04-30 27,650.00 1,054.00 13,405.00
2018-01-31 27,172.00 119.00 12,140.00
2017-10-31 26,681.00 121.00 13,329.00
2017-07-31 26,305.00 122.00 12,801.00
2017-04-30 26,402.00 859.00 13,409.00
2017-01-31 25,995.00 125.00 11,797.00
2016-10-31 25,402.00 127.00 12,121.00
2016-07-31 24,968.00 85.00 11,206.00
2016-04-30 24,936.00 614.00 11,777.00
2016-01-31 24,587.00 90.00 10,140.00
2015-10-31 24,164.00 93.00 10,670.00
2015-07-31 23,872.00 95.00 10,100.00
2015-04-30 23,998.00 606.00 10,479.00
2015-01-31 23,618.00 101.00 8,784.00
2014-10-31 23,288.00 103.00 9,180.00
2014-07-31 23,159.00 106.00 8,664.00
2014-04-30 23,251.00 867.00 8,731.00
2013-04-30 22,863.00 1,168.00 8,903.00
  • Rock Field's level of debt (3.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3.7% vs 3.1% today).
  • Debt is well covered by operating cash flow (373.3%, greater than 20% of total debt).
  • Rock Field earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Rock Field'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. Rock Field has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Rock Field'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
2.22%
Current annual income from Rock Field dividends. Estimated to be 2.22% next year.
If you bought €2,000 of Rock Field shares you are expected to receive €44 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?
  • Rock Field's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Rock Field's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
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:RKD 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 1 Analyst Estimates (S&P Global) See Below
Germany Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 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:RKD Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-04-30 32.00 1.00
2021-04-30 32.00 1.00
2020-04-30 32.00 1.00
DB:RKD Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-07-27 32.000 1.921
2018-06-08 32.000 1.699
2017-07-28 32.000 1.556
2017-06-09 32.000 1.679
2016-12-02 25.000 1.448
2016-07-29 25.000 1.728
2016-06-09 25.000 1.596
2015-07-30 22.500 1.466
2015-06-09 22.500 1.532
2014-07-30 20.000 1.907
2014-06-10 20.000 2.095
2014-03-06 20.000 2.139
2013-12-06 22.500 2.473
2013-09-05 22.500 2.368
2013-07-31 20.000 2.191
2013-06-11 22.500 2.423
2010-12-07 20.000 3.039
2010-07-29 20.000 3.223
2010-06-08 20.000 3.295
2010-03-09 15.000 2.321
2009-12-08 15.000 2.464
2009-09-09 15.000 2.467
2009-07-30 15.000 2.504

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 Rock Field's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x 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 Rock Field'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 Rock Field afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rock Field 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 Rock Field'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
Kozo Iwata
AGE 78
TENURE AS CEO 4.9 years
CEO Bio

Mr. Kozo Iwata has been the President of Rock Field Co since July 2014. Mr. Iwata established Kobe Delicatessen in May 1986 and serves as its President and Chief Executive Officer. He served as General Manager of Marketing Division at Rock Field Co., Ltd since July 2013. He established French Restaurant "Restaurant Hook" Kobe City Chuo District in December 1965. He has been the Chairman of Rock Field Co., Ltd. since July 2014. Mr. Iwata has been a Representative Director of Rock Field Co., since June 1972 and Kobe Delicatessen since May 1986.

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

Average tenure and age of the Rock Field management team in years:

1.9
Average Tenure
56
Average Age
  • The average tenure for the Rock Field management team is less than 2 years, this suggests a new team.
Management Team

Kozo Iwata

TITLE
Chairman of the Board & President
AGE
78
TENURE
4.9 yrs

Osamu Izawa

TITLE
GM of Administration Division & Director
AGE
58

Hiroshi Endo

TITLE
Senior Executive Officer
AGE
56
TENURE
1.9 yrs

Toshihiro Hosomi

TITLE
Senior MD
AGE
54

Takashi Furutsuka

TITLE
VP, Head of Production Division
AGE
53
TENURE
1.9 yrs

Yoshiaki Tsugeno

TITLE
Senior Executive Officer & GM of Purchase Division

Hideo Ichinomiya

TITLE
Senior Executive Officer & Deputy GM of Purchase Division

Mikio Ido

TITLE
Senior Executive Officer & GM of Production Division

Kotaro Yoshii

TITLE
Executive Officer & GM of Planning Development
Board of Directors Tenure

Average tenure and age of the Rock Field board of directors in years:

7.9
Average Tenure
66
Average Age
  • The tenure for the Rock Field board of directors is about average.
Board of Directors

Kozo Iwata

TITLE
Chairman of the Board & President
AGE
78
TENURE
4.9 yrs

Osamu Izawa

TITLE
GM of Administration Division & Director
AGE
58

Hiroshi Endo

TITLE
Senior Executive Officer
AGE
56
TENURE
1.9 yrs

Toshihiro Hosomi

TITLE
Senior MD
AGE
54
TENURE
6.9 yrs

Takashi Furutsuka

TITLE
VP, Head of Production Division
AGE
53
TENURE
4.9 yrs

Atsushi Horiba

TITLE
External Director
AGE
70
TENURE
18.9 yrs

Chiyono Terada

TITLE
External Director
AGE
71
TENURE
14.9 yrs

Minoru Okuda

TITLE
Outside Audit & Supervisory Board Member
AGE
68
TENURE
13.9 yrs

Goro Oka

TITLE
Full-Time Audit & Supervisory Board Member
AGE
64
TENURE
7.9 yrs

Takao Ishimura

TITLE
Outside Audit & Supervisory Board
AGE
68
TENURE
7.9 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 Rock Field'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. Rock Field 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

Rock Field Co., Ltd. engages in the manufacture and sale of sozai products in Japan. It markets its products under the RF1, Kobe Croquettes, Vegeteria, Itohan, Yugo, and Green gourmet brand names. The company was founded in 1972 and is headquartered in Kobe, Japan.

Details
Name: Rock Field Co., Ltd.
RKD
Exchange: DB
Founded: 1972
¥315,406,526
26,566,001
Website: http://www.rockfield.co.jp
Address: Rock Field Co., Ltd.
15-2 Uozakihama-machi,
Higashinada-ku,
Kobe,
Hyogo, 658-0024,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2910 Common Shares The Tokyo Stock Exchange JP JPY 13. May 1992
DB RKD Common Shares Deutsche Boerse AG DE EUR 13. May 1992
Number of employees
Current staff
Staff numbers
1,547
Rock Field employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:53
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/06/07
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/04/30


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.