DB:YKH

Stock Analysis Report

Executive Summary

Yakult Honsha Co.,Ltd. manufactures and sells food and beverage products, cosmetics, pharmaceuticals, and others.


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Yakult HonshaLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.5%

YKH

0.5%

DE Food

-0.9%

DE Market


1 Year Return

-24.1%

YKH

10.2%

DE Food

12.8%

DE Market

Return vs Industry: YKH underperformed the German Food industry which returned 10.2% over the past year.

Return vs Market: YKH underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

YKHIndustryMarket
7 Day-0.5%0.5%-0.9%
30 Day-7.2%6.2%0.6%
90 Day-12.8%12.7%2.9%
1 Year-23.5%-24.1%12.0%10.2%16.3%12.8%
3 Yearn/a-11.2%-16.7%15.8%5.7%
5 Yearn/a32.2%20.5%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Yakult HonshaLtd undervalued compared to its fair value and its price relative to the market?

2.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: YKH (€43.6) is trading below our estimate of fair value (€44.48)

Significantly Below Fair Value: YKH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: YKH is poor value based on its PE Ratio (23.9x) compared to the Food industry average (22.9x).

PE vs Market: YKH is poor value based on its PE Ratio (23.9x) compared to the German market (20.8x).


Price to Earnings Growth Ratio

PEG Ratio: YKH is poor value based on its PEG Ratio (5.5x)


Price to Book Ratio

PB vs Industry: YKH is overvalued based on its PB Ratio (2.3x) compared to the DE Food industry average (2x).


Next Steps

Future Growth

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

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YKH's forecast earnings growth (4.3% per year) is above the savings rate (-0.4%).

Earnings vs Market: YKH's earnings (4.3% per year) are forecast to grow slower than the German market (13% per year).

High Growth Earnings: YKH's earnings are forecast to grow, but not significantly.

Revenue vs Market: YKH's revenue (2.2% per year) is forecast to grow slower than the German market (5.2% per year).

High Growth Revenue: YKH's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YKH's Return on Equity is forecast to be low in 3 years time (9.2%).


Next Steps

Past Performance

How has Yakult HonshaLtd performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YKH has high quality earnings.

Growing Profit Margin: YKH's current net profit margins (9%) are higher than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: YKH's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: YKH's earnings growth over the past year (2.2%) is below its 5-year average (6.8% per year).

Earnings vs Industry: YKH earnings growth over the past year (2.2%) underperformed the Food industry 8.3%.


Return on Equity

High ROE: YKH's Return on Equity (10.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Yakult HonshaLtd's financial position?


Financial Position Analysis

Short Term Liabilities: YKH's short term assets (¥267.6B) exceed its short term liabilities (¥114.1B).

Long Term Liabilities: YKH's short term assets (¥267.6B) exceed its long term liabilities (¥108.1B).


Debt to Equity History and Analysis

Debt Level: YKH's debt to equity ratio (26.7%) is considered satisfactory.

Reducing Debt: YKH's debt to equity ratio has reduced from 33.6% to 26.7% over the past 5 years.

Debt Coverage: YKH's debt is well covered by operating cash flow (57.1%).

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


Balance Sheet

Inventory Level: YKH has a high level of physical assets or inventory.

Debt Coverage by Assets: YKH's debt is covered by short term assets (assets are 2.5x debt).


Next Steps

Dividend

What is Yakult HonshaLtd's current dividend yield, its reliability and sustainability?

0.85%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Yakult HonshaLtd before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company0.9%marketbottom25%1.3%markettop25%3.6%industryaverage1.4%forecastin3Years0.9%

Current dividend yield vs market & industry

Notable Dividend: YKH's dividend (0.85%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: YKH's dividend (0.85%) is low compared to the top 25% of dividend payers in the German market (3.63%).


Stability and Growth of Payments

Stable Dividend: YKH's dividend payments have been volatile in the past 10 years.

Growing Dividend: YKH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.7%), YKH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.7yrs

Average board tenure


CEO

Takashige Negishi (71yo)

8.7yrs

Tenure

0

Mr. Takashige Negishi has been the President of Yakult Honsha Co.,Ltd. since June 22, 2011 and serves as its Executive Officer. Mr. Negishi served as its Chief Operating Officer of Yakult Honsha Co.,Ltd. s ...


Board Members

NamePositionTenureCompensationOwnership
Takashige Negishi
President8.7yrsno data0.011% ¥757.9k
Hiroshi Wakabayashi
Senior Managing Executive Officer10.7yrsno data0.0051% ¥361.5k
Fumiyasu Ishikawa
Senior Managing Executive Officer10.7yrsno data0.0081% ¥579.3k
Hiroshi Narita
Senior Managing Executive Officer12.7yrsno data0.0069% ¥490.8k
Masanori Ito
Managing Executive Officer0yrsno data0.0052% ¥370.0k
Susumu Hirano
Managing Executive Officer & Director1.7yrsno data0.0038% ¥272.2k
Akifumi Doi
Managing Executive Officer2.7yrsno data0.0049% ¥352.2k
Tetsuya Hayashida
Managing Executive Officer2.7yrsno data0.0043% ¥307.9k
Masao Imada
Managing Executive Officer & Director0yrsno data0.017% ¥1.2m
Ryuji Yasuda
Part-Time Outside Director0yrsno datano data

6.7yrs

Average Tenure

68yo

Average Age

Experienced Board: YKH's board of directors are considered experienced (6.7 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

Yakult Honsha Co.,Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yakult Honsha Co.,Ltd.
  • Ticker: YKH
  • Exchange: DB
  • Founded: 1935
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: JP¥866.730b
  • Listing Market Cap: JP¥7.144b
  • Shares outstanding: 160.21m
  • Website: https://www.yakult.co.jp

Number of Employees


Location

  • Yakult Honsha Co.,Ltd.
  • 1-19, Higashi-Shinbashi, 1-chome
  • Minato-ku
  • Tokyo
  • 105-8660
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2267TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
YKHDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
YKLT.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 2012

Biography

Yakult Honsha Co.,Ltd. manufactures and sells food and beverage products, cosmetics, pharmaceuticals, and others. It operates through Food and Beverages (Japan), Food and Beverages (The Americas), Food and Beverages (Asia and Oceania), Food and Beverages (Europe), Pharmaceuticals, and Others segments. The company offers fermented milk drinks, juices, noodles, etc. through its home delivery and retail store channels. It also provides pharmaceutical products, such as Elplat, an antineoplastic drug, as well as generic anti-cancer agents, including Gemcitabine Yakult and Gefitinib Yakult tablets. In addition, the company offers cosmetics; and operates the Tokyo Yakult Swallows, a professional baseball team. Yakult Honsha Co.,Ltd. was founded in 1935 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 23:32
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.