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KOSÉ

DB:49K
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
49K
DB
¥1,234B
Market Cap
  1. Home
  2. DE
  3. Household
Company description

KOSÉ Corporation, together with its subsidiaries, manufactures, markets, and sells cosmetics primarily in Asia and the United States. The last earnings update was 69 days ago. More info.


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49K Share Price and Events
7 Day Returns
0%
DB:49K
-0.8%
Europe Personal Products
2.3%
DE Market
1 Year Returns
-
DB:49K
13.5%
Europe Personal Products
-7.2%
DE Market
49K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KOSÉ (49K) 0% 0% 4.1% - - -
Europe Personal Products -0.8% 1.9% 13.3% 13.5% 30.3% 72.3%
DE Market 2.3% 3.1% 8.8% -7.2% 9.3% 12.3%
1 Year Return vs Industry and Market
  • No trading data on 49K.
  • No trading data on 49K.
Price Volatility
49K
Industry
5yr Volatility vs Market

Value

 Is KOSÉ 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 KOSÉ 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 KOSÉ.

DB:49K 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%
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:49K
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.678 (1 + (1- 30.86%) (0.1%))
0.785
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:49K using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for KOSÉ 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:49K DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2019 28,785.67 Analyst x6 27,415.97
2020 37,043.50 Analyst x6 33,602.11
2021 41,731.17 Analyst x6 36,053.07
2022 46,350.00 Analyst x2 38,138.07
2023 50,375.00 Analyst x2 39,477.65
2024 53,346.15 Est @ 5.9% 39,816.82
2025 55,585.11 Est @ 4.2% 39,513.83
2026 57,256.18 Est @ 3.01% 38,765.05
2027 58,500.26 Est @ 2.17% 37,722.72
2028 59,430.05 Est @ 1.59% 36,498.80
Present value of next 10 years cash flows ¥367,004.09
DB:49K DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥59,430.05 × (1 + 0.23%) ÷ (5% – 0.23%)
¥1,249,277.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,249,277.55 ÷ (1 + 5%)10
¥767,240.28
DB:49K Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥367,004.09 + ¥767,240.28
¥1,134,244.36
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,134,244.36 / 57.04
¥19883.84
DB:49K Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:49K represents 0.00572x of TSE:4922
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00572x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 19,883.84 x 0.00572
€113.68
Value per share (EUR) From above. €113.68
Current discount Discount to share price of €123.72
= -1 x (€123.72 - €113.68) / €113.68
-8.8%

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

  • The current share price of KOSÉ is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 KOSÉ's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KOSÉ's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:49K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥680.49
TSE:4922 Share Price ** TSE (2019-01-30) in JPY ¥21640
Europe Personal Products Industry PE Ratio Median Figure of 23 Publicly-Listed Personal Products Companies 18.37x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.43x

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

** Primary Listing of KOSÉ.

DB:49K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:4922 Share Price ÷ EPS (both in JPY)

= 21640 ÷ 680.49

31.8x

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

  • KOSÉ is overvalued based on earnings compared to the Europe Personal Products industry average.
  • KOSÉ is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does KOSÉ's expected growth come at a high price?
Raw Data
DB:49K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
8.2%per year
Europe Personal Products Industry PEG Ratio Median Figure of 16 Publicly-Listed Personal Products Companies 1.3x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:49K PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.8x ÷ 8.2%

3.88x

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

  • KOSÉ is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on KOSÉ's assets?
Raw Data
DB:49K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥3,606.30
TSE:4922 Share Price * TSE (2019-01-30) in JPY ¥21640
Europe Personal Products Industry PB Ratio Median Figure of 38 Publicly-Listed Personal Products Companies 2.24x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:49K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4922 Share Price ÷ Book Value per Share (both in JPY)

= 21640 ÷ 3,606.30

6x

* Primary Listing of KOSÉ.

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

  • KOSÉ is overvalued based on assets compared to the Europe Personal Products industry average.
X
Value checks
We assess KOSÉ'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 Personal Products 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 Personal Products industry average (and greater than 0)? (1 check)
  5. KOSÉ has a total score of 0/6, 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 KOSÉ 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
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KOSÉ expected to grow at an attractive rate?
  • KOSÉ's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • KOSÉ's earnings growth is positive but not above the Germany market average.
  • KOSÉ's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:49K Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:49K Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 8.2%
DB:49K Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 7.3%
Europe Personal Products Industry Earnings Growth Rate Market Cap Weighted Average -0.9%
Europe Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
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:49K Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:49K Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 446,625 60,517 53,167 4
2022-03-31 414,500 55,967 48,700 4
2021-03-31 378,569 52,579 44,385 12
2020-03-31 354,711 47,377 40,630 13
2019-03-31 332,478 42,475 37,959 13
DB:49K Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 327,716 38,817
2018-09-30 319,780 44,148 37,613
2018-06-30 313,182 35,377
2018-03-31 303,399 34,918 30,611
2017-12-31 297,996 27,763
2017-09-30 285,589 22,601 26,799
2017-06-30 275,032 25,028
2017-03-31 266,762 17,327 21,657
2016-12-31 257,265 19,248
2016-09-30 253,771 22,886 17,774
2016-06-30 249,322 19,043
2016-03-31 243,390 26,410 18,655

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KOSÉ's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • KOSÉ's revenue is expected to grow by 7.3% 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:49K Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from KOSÉ Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:49K Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 932.03 974.69 862.50 3.00
2022-03-31 853.72 888.79 818.67 3.00
2021-03-31 779.26 861.22 620.60 12.00
2020-03-31 713.27 784.67 608.30 13.00
2019-03-31 666.42 712.01 604.80 13.00
DB:49K Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 680.49
2018-09-30 659.39
2018-06-30 620.18
2018-03-31 536.63
2017-12-31 486.70
2017-09-30 469.80
2017-06-30 438.75
2017-03-31 379.65
2016-12-31 337.42
2016-09-30 311.58
2016-06-30 333.83
2016-03-31 327.03

*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.
  • KOSÉ is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KOSÉ'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.
KOSÉ has a total score of 2/6, 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 KOSÉ 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 KOSÉ's growth in the last year to its industry (Personal Products).
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.
  • KOSÉ has delivered over 20% year on year earnings growth in the past 5 years.
  • KOSÉ's 1-year earnings growth exceeds its 5-year average (39.8% vs 26.4%)
  • KOSÉ's earnings growth has exceeded the Europe Personal Products industry average in the past year (39.8% vs 21.8%).
Earnings and Revenue History
KOSÉ'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 KOSÉ Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:49K Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 327,716.00 38,817.00 183,391.00
2018-09-30 319,780.00 37,613.00 177,644.00
2018-06-30 313,182.00 35,377.00 173,876.00
2018-03-31 303,399.00 30,611.00 170,255.00
2017-12-31 297,996.00 27,763.00 167,153.00
2017-09-30 285,589.00 26,799.00 162,995.00
2017-06-30 275,032.00 25,028.00 159,611.00
2017-03-31 266,762.00 21,657.00 157,629.00
2016-12-31 257,265.00 19,248.00 155,989.00
2016-09-30 253,771.00 17,774.00 152,970.00
2016-06-30 249,322.00 19,043.00 149,324.00
2016-03-31 243,390.00 18,655.00 146,320.00
2015-12-31 236,970.00 20,149.00 139,588.00
2015-09-30 229,285.00 18,868.00 136,728.00
2015-06-30 219,992.00 15,783.00 134,893.00
2015-03-31 207,821.00 12,057.00 131,599.00
2014-12-31 202,066.00 12,329.00 128,705.00
2014-09-30 194,948.00 10,855.00 126,031.00
2014-06-30 192,142.00 10,798.00 123,560.00
2014-03-31 190,049.00 11,132.00 121,948.00
2013-12-31 180,677.00 10,492.00 117,699.00
2013-09-30 177,567.00 10,009.00 116,364.00
2013-06-30 173,715.00 7,963.00 115,659.00
2013-03-31 170,685.00 6,720.00 114,392.00
2012-12-31 169,029.00 6,636.00 113,418.00
2012-09-30 167,707.00 4,426.00 113,275.00
2012-06-30 167,508.00 4,789.00 111,967.00

*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.
  • KOSÉ has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KOSÉ used its assets more efficiently than the Europe Personal Products industry average last year based on Return on Assets.
  • KOSÉ has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess KOSÉ'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 Personal Products 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.
KOSÉ has a total score of 5/6, 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 KOSÉ'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 KOSÉ's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KOSÉ is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • KOSÉ's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of KOSÉ'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 158.4x 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 KOSÉ Company Filings, last reported 3 months ago.

DB:49K Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 221,492.00 1,270.00 93,688.00
2018-09-30 215,137.00 1,275.00 98,181.00
2018-06-30 203,429.00 1,336.00 90,100.00
2018-03-31 198,606.00 1,311.00 91,911.00
2017-12-31 190,795.00 1,370.00 77,251.00
2017-09-30 182,988.00 1,233.00 75,499.00
2017-06-30 182,606.00 1,493.00 81,298.00
2017-03-31 177,129.00 1,628.00 84,593.00
2016-12-31 168,008.00 1,462.00 74,607.00
2016-09-30 161,748.00 1,571.00 79,380.00
2016-06-30 159,320.00 1,634.00 77,852.00
2016-03-31 158,542.00 1,703.00 86,905.00
2015-12-31 164,166.00 1,711.00 73,116.00
2015-09-30 159,528.00 1,720.00 72,094.00
2015-06-30 153,011.00 1,683.00 63,324.00
2015-03-31 149,636.00 1,247.00 60,152.00
2014-12-31 141,693.00 1,178.00 51,695.00
2014-09-30 135,070.00 1,369.00 46,509.00
2014-06-30 132,311.00 1,590.00 45,710.00
2014-03-31 132,809.00 1,385.00 61,280.00
2013-12-31 127,642.00 1,426.00 54,287.00
2013-09-30 124,091.00 4,873.00 55,765.00
2013-06-30 120,503.00 4,945.00 51,171.00
2013-03-31 119,308.00 5,000.00 51,996.00
2012-12-31 116,224.00 5,066.00 48,134.00
2012-09-30 113,219.00 5,097.00 46,640.00
2012-06-30 114,539.00 5,128.00 49,615.00
  • KOSÉ's level of debt (0.6%) 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 (1.1% vs 0.6% today).
  • Debt is well covered by operating cash flow (3476.2%, greater than 20% of total debt).
  • KOSÉ earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess KOSÉ'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. KOSÉ 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 KOSÉ'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
0.79%
Current annual income from KOSÉ dividends. Estimated to be 0.98% next year.
If you bought €2,000 of KOSÉ shares you are expected to receive €16 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?
  • KOSÉ's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • KOSÉ's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:49K 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 Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
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:49K Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 242.33 3.00
2022-03-31 227.33 3.00
2021-03-31 213.82 11.00
2020-03-31 197.18 11.00
2019-03-31 175.00 11.00
DB:49K Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-08 170.000 0.893
2019-01-31 170.000 1.027
2018-11-09 170.000 1.026
2018-10-31 170.000 0.979
2018-06-28 170.000 0.843
2018-04-27 170.000 0.741
2018-02-09 126.000 0.610
2018-01-31 126.000 0.660
2017-11-10 126.000 0.716
2017-10-31 126.000 0.848
2017-06-29 126.000 0.971
2017-04-28 126.000 1.041
2017-02-10 94.000 0.945
2017-01-31 94.000 1.006
2016-11-11 94.000 0.995
2016-10-31 94.000 1.090
2016-06-29 94.000 0.974
2016-04-28 94.000 1.036
2016-02-09 74.000 0.728
2016-01-29 74.000 0.718
2015-11-11 74.000 0.667
2015-10-30 74.000 0.635
2015-06-26 74.000 0.654
2015-04-28 74.000 0.891
2015-02-12 54.000 0.820
2015-01-30 54.000 1.006
2014-11-12 54.000 1.159
2014-10-31 54.000 1.279
2014-06-27 54.000 1.244
2014-04-28 54.000 1.485
2014-02-12 42.000 1.295
2014-01-31 42.000 1.342
2013-10-31 42.000 1.298
2013-07-31 42.000 1.487
2013-06-27 42.000 1.516
2013-04-30 42.000 1.666
2013-02-12 40.000 1.801
2013-01-31 40.000 2.046
2012-11-12 40.000 2.220
2012-10-31 40.000 2.330
2012-07-31 40.000 2.218
2012-06-28 40.000 2.154
2012-04-27 40.000 2.250
2012-02-10 40.000 2.166
2012-01-31 40.000 2.173
2011-11-11 40.000 2.154
2011-10-28 40.000 2.181
2011-07-29 40.000 2.054
2011-04-28 40.000 1.970
2011-02-10 40.000 1.890
2011-01-31 40.000 1.853
2010-11-12 40.000 1.975
2010-10-29 40.000 2.085
2010-06-29 40.000 2.005
2010-04-30 40.000 1.880
2010-02-15 40.000 1.905
2010-01-29 40.000 2.076
2009-11-13 40.000 2.120
2009-10-30 40.000 2.055
2009-04-30 40.000 1.960
2009-04-20 40.000 2.049

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

  • KOSÉ is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • KOSÉ is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of KOSÉ's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of KOSÉ's dividends as it is not paying a notable one for Germany.
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 KOSÉ'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 KOSÉ afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KOSÉ has a total score of 0/6, 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 KOSÉ'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
Kazutoshi Kobayashi
COMPENSATION ¥198,000,000
CEO Bio

Mr. Kazutoshi Kobayashi serves as Chief Executive Officer and President at KOSE Corp. Mr. Kobayashi served as an Executive Vice President and Vice President of KOSE Corp. He serves as an Executive Director of KOSE Corp.

CEO Compensation
  • Kazutoshi's compensation has been consistent with company performance over the past year.
  • Kazutoshi's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the KOSÉ management team in years:

1.1
Average Tenure
  • The average tenure for the KOSÉ management team is less than 2 years, this suggests a new team.
Management Team

Kazutoshi Kobayashi

TITLE
President
COMPENSATION
¥198M

Shinichi Mochizuki

TITLE
Executive Officer and GM of Accounting & Finance Department
TENURE
1.1 yrs

Noboru Matsumoto

TITLE
Executive Officer
TENURE
1.1 yrs

Hitonori Nakata

TITLE
General Manager of IR Department

Masanori Kobayashi

TITLE
Executive Director
TENURE
1.1 yrs

Minoru Ushimura

TITLE
GM of Human Resource Department & Executive Officer
TENURE
2.1 yrs

Takao Kobayashi

TITLE
Senior Executive Director

Kazumasa Hanagata

TITLE
General Manager of President Office

Noboru Naitou

TITLE
Managing Director

Koichi Shibusawa

TITLE
Executive Director
Board of Directors

Kazutoshi Kobayashi

TITLE
President
COMPENSATION
¥198M

Yasukiyo Kobayashi

TITLE
Honorary Chairman
COMPENSATION
¥585M

Masanori Kobayashi

TITLE
Executive Director

Takao Kobayashi

TITLE
Senior Executive Director

Koichi Shibusawa

TITLE
Executive Director

Atsuo Kumada

TITLE
MD & Executive Director

Kazuya Kitagawa

TITLE
GM of Digital Marketing Division & Director
TENURE
0.8 yrs

Michihito Yanai

TITLE
Director and GM of Europe & America Business Division
TENURE
1.8 yrs

Iwao Toigawa

TITLE
External Director

Yusuke Kobayashi

TITLE
Director
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 KOSÉ'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. KOSÉ 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

KOSÉ Corporation, together with its subsidiaries, manufactures, markets, and sells cosmetics primarily in Asia and the United States. The company operates in two segments, Cosmetics and Cosmetaries. It provides makeup, skincare, nail care, and hair care products, as well as toiletries, such as shampoos and conditioners. The company offers its cosmetics under the KOSÉ, SEKKISEI, ESPRIQUE, COSME DECORTE, Prédia, INFINITY, JILLSTUART, ADDICTION, CRIE, ALBION, Paul Stuart, AWAKE, ONE BY KOSÉ, SHIROSUMI, HADAKIWAMI, ASTABLANC, CARTÉ CLINITY, PHIL NATURANT, FORMULE, MAIHADA, and tarte brand names; and cosmetaries under the Visée, FASIO, ELSIA, softymo, SUNCUT, STEPHEN KNOLL NEW YORK, RIMMEL, NAIL HOLIC, Nature & Co., SportsBeauty, Je l’aime, CLEAR TURN, KOKUTOUSEI, and GRACE ONE brand names. It is also involved in the rental of real estate properties; and manufacture and sale of amenity products. The company offers its products through specialty cosmetic stores, department stores, drugstores, convenience stores, mass retailers, and other retail outlets, as well as e-commerce. KOSÉ Corporation was founded in 1946 and is headquartered in Tokyo, Japan.

Details
Name: KOSÉ Corporation
49K
Exchange: DB
Founded: 1946
¥9,754,340,039
57,043,517
Website: http://www.kose.co.jp
Address: KOSÉ Corporation
3-6-2, Nihonbashi,
Chuo-ku,
Tokyo,
103-8251,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4922 Common Stock The Tokyo Stock Exchange JP JPY 24. Dec 1999
OTCPK KOSC.F Common Stock Pink Sheets LLC US USD 24. Dec 1999
DB 49K Common Stock Deutsche Boerse AG DE EUR 24. Dec 1999
BST 49K Common Stock Boerse-Stuttgart DE EUR 24. Dec 1999
OTCPK KSRY.Y ADR Pink Sheets LLC US USD 14. Apr 2016
Number of employees
Current staff
Staff numbers
7,758
KOSÉ employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 00:34
End of day share price update: 2019/01/30 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/02/08
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.