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Unicharm

DB:UN4
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UN4
DB
¥2,204B
Market Cap
  1. Home
  2. DE
  3. Household
Company description

Unicharm Corporation manufactures and sells baby and child care, feminine care, healthcare, cosmetic, household, and pet care products in Japan and internationally. The last earnings update was 34 days ago. More info.


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UN4 Share Price and Events
7 Day Returns
3.9%
DB:UN4
1.1%
Europe Household Products
2.1%
DE Market
1 Year Returns
31.8%
DB:UN4
0.6%
Europe Household Products
-7.6%
DE Market
UN4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Unicharm (UN4) 3.9% -2.5% 7.7% 31.8% 47.6% 125.8%
Europe Household Products 1.1% 3.3% 0.3% 0.6% -7.1% 21.7%
DE Market 2.1% 3.6% 8.1% -7.6% 9.8% 12.4%
1 Year Return vs Industry and Market
  • UN4 outperformed the Household Products industry which returned 0.6% over the past year.
  • UN4 outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
UN4
Industry
5yr Volatility vs Market

Value

 Is Unicharm 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 Unicharm 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 Unicharm.

DB:UN4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 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:UN4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.327 (1 + (1- 30.86%) (1.83%))
0.552
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:UN4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Unicharm 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:UN4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2019 57,400.86 Analyst x7 54,669.57
2020 66,334.43 Analyst x7 60,171.87
2021 74,094.40 Analyst x5 64,012.84
2022 81,579.00 Analyst x1 67,125.47
2023 91,456.00 Analyst x1 71,671.82
2024 98,291.22 Est @ 7.47% 73,363.19
2025 103,500.71 Est @ 5.3% 73,575.64
2026 107,411.41 Est @ 3.78% 72,722.43
2027 110,325.81 Est @ 2.71% 71,141.39
2028 112,496.71 Est @ 1.97% 69,089.54
Present value of next 10 years cash flows ¥677,543.76
DB:UN4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥112,496.71 × (1 + 0.23%) ÷ (5% – 0.23%)
¥2,364,790.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,364,790.27 ÷ (1 + 5%)10
¥1,452,329.26
DB:UN4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥677,543.76 + ¥1,452,329.26
¥2,129,873.02
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥2,129,873.02 / 596.41
¥3571.13
DB:UN4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:UN4 represents 0.00784x of TSE:8113
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00784x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,571.13 x 0.00784
€28.00
Value per share (EUR) From above. €28.00
Current discount Discount to share price of €28.97
= -1 x (€28.97 - €28.00) / €28.00
-3.5%

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

  • The current share price of Unicharm 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 Unicharm's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Unicharm's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:UN4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥103.73
TSE:8113 Share Price ** TSE (2019-03-20) in JPY ¥3695
Europe Household Products Industry PE Ratio Median Figure of 5 Publicly-Listed Household Products Companies 18.59x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.91x

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

** Primary Listing of Unicharm.

DB:UN4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8113 Share Price ÷ EPS (both in JPY)

= 3695 ÷ 103.73

35.62x

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

  • Unicharm is overvalued based on earnings compared to the Europe Household Products industry average.
  • Unicharm is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Unicharm's expected growth come at a high price?
Raw Data
DB:UN4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
8.9%per year
Europe Household Products Industry PEG Ratio Median Figure of 5 Publicly-Listed Household Products Companies 1.97x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:UN4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.62x ÷ 8.9%

4x

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

  • Unicharm is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Unicharm's assets?
Raw Data
DB:UN4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥739.85
TSE:8113 Share Price * TSE (2019-03-20) in JPY ¥3695
Europe Household Products Industry PB Ratio Median Figure of 8 Publicly-Listed Household Products Companies 2.35x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.79x
DB:UN4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8113 Share Price ÷ Book Value per Share (both in JPY)

= 3695 ÷ 739.85

4.99x

* Primary Listing of Unicharm.

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

  • Unicharm is overvalued based on assets compared to the Europe Household Products industry average.
X
Value checks
We assess Unicharm'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 Household 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 Household Products industry average (and greater than 0)? (1 check)
  5. Unicharm 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 Unicharm expected to perform in the next 1 to 3 years based on estimates from 15 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
8.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Unicharm expected to grow at an attractive rate?
  • Unicharm's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Unicharm's earnings growth is positive but not above the Germany market average.
  • Unicharm's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:UN4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:UN4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 8.9%
DB:UN4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 7.3%
Europe Household Products Industry Earnings Growth Rate Market Cap Weighted Average 7%
Europe Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:UN4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:UN4 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,030,250 146,095 100,300 2
2022-12-31 943,850 135,906 90,500 2
2021-12-31 857,826 123,134 79,141 9
2020-12-31 798,066 116,749 73,504 15
2019-12-31 746,732 110,232 65,670 14
DB:UN4 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 688,290 110,867 61,353
2018-09-30 674,170 113,729 56,236
2018-06-30 665,352 119,321 57,575
2018-03-31 656,324 106,641 55,361
2017-12-31 641,647 98,086 52,772
2017-09-30 665,664 58,241
2017-06-30 662,466 89,276 51,777
2017-03-31 684,159 47,206
2016-12-31 604,653 103,604 46,971
2016-09-30 720,529 52,450
2016-06-30 730,377 95,059 42,175
2016-03-31 734,214 43,250

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unicharm's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
  • Unicharm'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:UN4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Unicharm Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UN4 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 177.15 181.40 172.90 2.00
2022-12-31 157.80 159.60 156.00 2.00
2021-12-31 134.33 144.16 120.70 9.00
2020-12-31 123.32 145.45 102.66 15.00
2019-12-31 108.25 116.09 87.06 12.00
DB:UN4 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 103.73
2018-09-30 95.52
2018-06-30 98.16
2018-03-31 94.43
2017-12-31 89.85
2017-09-30 98.94
2017-06-30 87.67
2017-03-31 79.65
2016-12-31 79.06
2016-09-30 88.08
2016-06-30 70.63
2016-03-31 72.28

*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.
  • Unicharm is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Unicharm'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.
Unicharm 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 Unicharm 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 Unicharm's growth in the last year to its industry (Household 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.
  • Unicharm's year on year earnings growth rate has been positive over the past 5 years.
  • Unicharm's 1-year earnings growth exceeds its 5-year average (16.3% vs 8.6%)
  • Unicharm's earnings growth has exceeded the Europe Household Products industry average in the past year (16.3% vs -8.3%).
Earnings and Revenue History
Unicharm'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 Unicharm Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UN4 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 688,290.00 61,353.00 170,178.00
2018-09-30 674,170.00 56,236.00 155,659.00 6,554.00
2018-06-30 665,352.00 57,575.00 152,914.00 6,554.00
2018-03-31 656,324.00 55,361.00 162,883.00
2017-12-31 641,647.00 52,772.00 150,079.00 6,554.00
2017-09-30 665,664.00 58,241.00 180,763.00
2017-06-30 662,466.00 51,777.00 202,797.00
2017-03-31 684,159.00 47,206.00 225,937.00
2016-12-31 604,653.00 46,971.00 137,892.00 6,071.00
2016-09-30 720,529.00 52,450.00 249,712.00
2016-06-30 730,377.00 42,175.00 251,759.00
2016-03-31 734,214.00 43,250.00 251,787.00
2015-12-31 738,707.00 40,511.00 249,019.00
2014-12-31 738,214.48 43,641.32 242,081.27
2014-09-30 669,663.00 43,571.00 221,558.00
2014-06-30 651,403.00 36,347.00 216,664.00
2014-03-31 599,455.00 38,216.00 197,870.00
2013-12-31 570,267.00 42,612.00 190,635.00
2013-09-30 547,530.00 44,465.00 182,617.00
2013-06-30 519,420.00 46,038.00 174,465.00
2013-03-31 495,771.00 43,121.00 165,489.00
2012-12-31 477,149.00 42,308.00 159,512.00
2012-09-30 463,896.00 28,393.00 153,909.00
2012-06-30 447,738.00 25,817.00 147,156.00
2012-03-31 428,391.00 26,981.00 141,090.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unicharm is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Unicharm's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Unicharm'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 9.5x 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 Unicharm Company Filings, last reported 2 months ago.

DB:UN4 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 503,670.00 40,262.00 135,065.00
2018-09-30 507,194.00 46,921.00 129,393.00
2018-06-30 484,947.00 39,039.00 183,968.00
2018-03-31 454,411.00 62,145.00 166,034.00
2017-12-31 453,028.00 64,189.00 229,022.00
2017-09-30 440,626.00 65,206.00 136,447.00
2017-06-30 419,911.00 66,617.00 118,941.00
2017-03-31 410,333.00 66,457.00 112,258.00
2016-12-31 414,387.00 67,943.00 176,981.00
2016-09-30 407,058.00 66,446.00 130,544.00
2016-06-30 417,220.00 69,770.00 144,817.00
2016-03-31 437,089.00 71,185.00 140,473.00
2015-12-31 451,089.00 69,024.00 138,503.00
2014-12-31 492,842.00 33,399.00 138,781.00
2014-09-30 459,973.00 27,347.00 115,472.00
2014-06-30 433,648.00 28,516.00 105,239.00
2014-03-31 432,149.00 28,709.00 111,914.00
2013-12-31 421,755.00 29,293.00 94,532.00
2013-09-30 397,571.00 42,652.00 91,370.00
2013-06-30 368,831.00 63,845.00 90,356.00
2013-03-31 329,199.00 82,561.00 85,533.00
2012-12-31 275,591.00 121,077.00 91,294.00
2012-09-30 256,141.00 120,997.00 88,530.00
2012-06-30 250,712.00 123,314.00 89,607.00
2012-03-31 243,207.00 124,071.00 86,864.00
  • Unicharm's level of debt (8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.9% vs 8% today).
  • Debt is well covered by operating cash flow (275.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 95.9x coverage).
X
Financial health checks
We assess Unicharm'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. Unicharm has a total score of 5/6, 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 Unicharm'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
0.76%
Current annual income from Unicharm dividends. Estimated to be 0.84% next year.
If you bought €2,000 of Unicharm shares you are expected to receive €15 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?
  • Unicharm's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • Unicharm's dividend is below the markets top 25% of dividend payers in Germany (3.83%).
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:UN4 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 15 Analyst Estimates (S&P Global) See Below
Europe Household Products Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:UN4 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 46.00 2.00
2022-12-31 41.00 2.00
2021-12-31 32.78 9.00
2020-12-31 30.14 14.00
2019-12-31 27.29 14.00
DB:UN4 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-14 28.000 0.789
2018-11-07 24.000 0.707
2018-11-05 24.000 0.766
2018-08-08 24.000 0.702
2018-08-06 24.000 0.718
2018-06-26 24.000 0.702
2018-02-16 24.000 0.769
2017-11-14 18.000 0.611
2017-11-10 18.000 0.634
2017-09-14 18.000 0.688
2017-08-10 18.000 0.689
2017-03-31 18.000 0.636
2017-02-27 16.000 0.609
2017-02-15 18.000 0.723
2016-11-08 16.000 0.643
2016-11-04 16.000 0.670
2016-08-09 16.000 0.640
2016-08-05 16.000 0.694
2016-03-31 16.000 0.714
2016-02-12 16.000 0.654
2015-11-06 14.800 0.622
2015-08-07 14.800 0.617
2015-05-08 14.800 0.514
2015-03-30 12.733 0.409
2015-02-12 14.800 0.452
2014-11-07 12.733 0.437
2014-06-26 12.667 0.556
2014-06-03 13.333 0.641
2014-04-30 12.667 0.641
2014-02-14 12.000 0.643
2014-01-31 12.000 0.641
2013-11-14 12.000 0.590
2013-10-31 12.000 0.589
2013-07-31 12.000 0.646
2013-06-27 12.000 0.649
2013-04-30 12.000 0.607
2013-02-14 11.333 0.603
2013-01-31 11.333 0.676
2012-11-14 11.333 0.763
2012-10-31 11.333 0.805
2012-08-10 11.333 0.761
2012-07-31 11.333 0.767
2012-05-23 11.333 0.778
2012-02-14 10.667 0.744
2011-07-29 10.667 0.870
2011-04-28 10.667 0.936
2011-02-14 9.333 0.907
2011-01-31 9.333 0.866
2010-11-12 9.333 0.855
2010-10-29 9.333 0.851
2010-06-25 9.333 0.847
2010-04-30 9.333 0.882
2010-02-12 7.778 0.789
2010-01-29 7.778 0.801
2009-11-13 7.778 0.791
2009-10-30 7.778 0.822
2009-04-30 7.111 0.852
2009-03-23 6.000 0.891

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

  • Unicharm is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Unicharm 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 Unicharm's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Unicharm's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Unicharm's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Unicharm'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 Unicharm afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Unicharm 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 Unicharm'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
Takahisa Takahara
COMPENSATION ¥157,000,000
AGE 57
TENURE AS CEO 14.8 years
CEO Bio

Mr. Takahisa Takahara has been the Chief Executive Officer of Unicharm Corporation since June 2004 and has been its President since June 2001. Mr. Takahara served as an Executive Officer at Unicharm Corporation since June 2004 and Chief Operating Officer since June 2001. He has been an Independent Director of CALBEE, Inc. since 2015. He has been a Representative Director of Unicharm Corporation since June 1995.

CEO Compensation
  • Takahisa's compensation has increased by more than 20% in the past year.
  • Takahisa's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Unicharm management team in years:

12.4
Average Tenure
63
Average Age
  • The average tenure for the Unicharm management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Takahisa Takahara

TITLE
President
COMPENSATION
¥157M
AGE
57
TENURE
14.8 yrs

Keiichiro Takahara

TITLE
Founder & Director
COMPENSATION
¥103M
AGE
87

Atsushi Iwata

TITLE
GM of Accounting & Finance Division and Senior Executive Officer

Kennosuke Nakano

TITLE
Managing Executive Officer
AGE
62
TENURE
19.8 yrs

Shinji Mori

TITLE
Managing Executive Officer
AGE
62
TENURE
19.8 yrs

Eiji Ishikawa

TITLE
Chief Quality Officer
AGE
63
TENURE
12.4 yrs

Gumpei Futagami

TITLE
VP, Managing Executive Officer & Director
AGE
73
TENURE
8.5 yrs

Masakatsu Takai

TITLE
Senior Executive Officer
AGE
62
TENURE
2.2 yrs

Yoshihiro Miyabayashi

TITLE
Senior Executive Officer & Director
AGE
63
TENURE
8.9 yrs

Yukihiro Kimura

TITLE
Senior Executive Officer
AGE
71
Board of Directors Tenure

Average tenure and age of the Unicharm board of directors in years:

13.8
Average Tenure
63
Average Age
  • The average tenure for the Unicharm board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Takahisa Takahara

TITLE
President
COMPENSATION
¥157M
AGE
57
TENURE
23.8 yrs

Keiichiro Takahara

TITLE
Founder & Director
COMPENSATION
¥103M
AGE
87
TENURE
17.8 yrs

Kennosuke Nakano

TITLE
Managing Executive Officer
AGE
62
TENURE
13.8 yrs

Shinji Mori

TITLE
Managing Executive Officer
AGE
62
TENURE
13.8 yrs

Eiji Ishikawa

TITLE
Chief Quality Officer
AGE
63
TENURE
13.8 yrs

Gumpei Futagami

TITLE
VP, Managing Executive Officer & Director
AGE
73
TENURE
8.8 yrs

Masakatsu Takai

TITLE
Senior Executive Officer
AGE
62
TENURE
11.8 yrs

Yoshihiro Miyabayashi

TITLE
Senior Executive Officer & Director
AGE
63
TENURE
6.8 yrs

Shigeki Maruyama

TITLE
Outside Director
AGE
79

Masahiko Hirata

TITLE
Outside Director
AGE
87
TENURE
3.8 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 Unicharm'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. Unicharm 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

Unicharm Corporation manufactures and sells baby and child care, feminine care, healthcare, cosmetic, household, and pet care products in Japan and internationally. Its baby and child care products include pants-type disposable diapers and wipes under the Moony and MamyPoko brands; and feminine care products comprise feminine napkins, tampons, sanitary shorts, and panty liners under the Sofy, Center-In, and Charm brands. The company’s health care products include napkin-type incontinence pads, pants-type diapers, tape-type diapers, pants-type specialized urine pads, and tape-type specialized urine pads under the Lifree brand. It also provides home care products, including cleaning sheets and handy cleaners under the Wave brand; personal care products, such as cosmetic puffs and wet tissues under the Silcot brand; and kitchen care products comprising paper towels under the Cook Up brand. In addition, the company offers pet care products that include pet foods, excrement cleanup sheets, system toilets, and disposable diapers under the Aiken Genki, Neko Genki, Gaines, Gin no Spoon, and Gin no Sara brands. Further, it manufactures and sells industrial materials, food-packaging materials, etc. The company was founded in 1961 and is headquartered in Tokyo, Japan.

Details
Name: Unicharm Corporation
UN4
Exchange: DB
Founded: 1961
¥17,418,376,563
596,414,068
Website: http://www.unicharm.co.jp
Address: Unicharm Corporation
Sumitomo Fudosan Mita Twin Building,
West Wing,
Tokyo,
108-8575,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8113 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK UNCH.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB UN4 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK UNIC.Y SPONSORED ADR Pink Sheets LLC US USD 23. Jul 2012
Number of employees
Current staff
Staff numbers
15,757
Unicharm employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 21:02
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.