DB:MH6

Stock Analysis Report

Tokio Marine Holdings

Executive Summary

Tokio Marine Holdings, Inc., together with its subsidiaries, engages in non-life and life insurance, international insurance, and financial and general businesses worldwide.

Snowflake

Fundamentals

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Tokio Marine Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.2%

MH6

2.9%

DE Insurance

1.4%

DE Market


1 Year Return

10.2%

MH6

22.0%

DE Insurance

3.7%

DE Market

Return vs Industry: MH6 underperformed the German Insurance industry which returned 22% over the past year.

Return vs Market: MH6 exceeded the German Market which returned 3.7% over the past year.


Shareholder returns

MH6IndustryMarket
7 Day2.2%2.9%1.4%
30 Day-4.1%4.1%1.3%
90 Day0.2%3.4%3.4%
1 Year13.9%10.2%27.3%22.0%7.0%3.7%
3 Year49.0%33.1%70.6%50.0%18.5%8.3%
5 Year139.2%102.0%119.6%75.9%42.2%22.9%

Price Volatility Vs. Market

How volatile is Tokio Marine Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tokio Marine Holdings undervalued compared to its fair value and its price relative to the market?

48.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MH6 (€47) is trading below our estimate of fair value (€91.93)

Significantly Undervalued: MH6 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MH6 is poor value based on its PE Ratio (14.2x) compared to the Insurance industry average (13.4x).

PE vs Market: MH6 is good value based on its PE Ratio (14.2x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: MH6 is poor value based on its PEG Ratio (4x)


Price to Book Ratio

PB vs Industry: MH6 is overvalued based on its PB Ratio (1.1x) compared to the DE Insurance industry average (1.1x).


Next Steps

Future Growth

How is Tokio Marine Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MH6's forecast earnings growth (3.6% per year) is above the savings rate (0.2%).

Earnings vs Market: MH6's earnings (3.6% per year) are forecast to grow slower than the German market (12.7% per year).

High Growth Earnings: MH6's earnings are forecast to grow, but not significantly.

Revenue vs Market: MH6's revenue (3.1% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: MH6's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MH6's Return on Equity is forecast to be low in 3 years time (10.9%).


Next Steps

Past Performance

How has Tokio Marine Holdings performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MH6's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: MH6's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MH6 had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Insurance industry average (15.2%).


Return on Equity

High ROE: MH6's Return on Equity (7.8%) is considered low.


Return on Assets

ROA vs Industry: MH6 has a higher Return on Assets than the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: MH6 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Tokio Marine Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MH6 has a low level of unsold assets or inventory.

Debt Coverage by Assets: MH6's debt is covered by short term assets (assets are 41.306810x debt).


Financial Institutions Analysis

Asset Level: MH6's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MH6 has a sufficient allowance for bad loans.

Low Risk Liabilities: MH6 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MH6 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MH6 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MH6 has an appropriate level of bad loans.


Next Steps

Dividend

What is Tokio Marine Holdings's current dividend yield, its reliability and sustainability?

3.33%

Current Dividend Yield


Dividend Yield vs Market

company3.3%marketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Years3.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MH6's dividend (3.33%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: MH6's dividend (3.33%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: MH6's dividends per share have been stable in the past 10 years.

Growing Dividend: MH6's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.9%), MH6'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

What is the CEO of Tokio Marine Holdings's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average management tenure


CEO

Satoru Komiya (59yo)

0.8yrs

Tenure

0

Mr. Satoru Komiya has been Group Chief Executive Officer and Group Chief Culture Officer at Tokio Marine Holdings, Inc. since 2019 and serves as its President since June 2019. Mr. Komiya is a Chairman of T ...


Management Age and Tenure

2.5yrs

Average Tenure

63yo

Average Age

Experienced Management: MH6's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

1.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: MH6's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Don Sherman (68yo)

    Senior Managing Executive Officer & Group Co-CIO

    • Tenure: 3yrs
  • Ian Brimecome (66yo)

    Senior Managing Executive Officer

    • Tenure: 4.5yrs
  • Tsuyoshi Nagano (67yo)

    Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: JP¥173.00m
  • Hirokazu Fujita (63yo)

    Senior MD

    • Tenure: 0yrs
  • Takayuki Yuasa (61yo)

    Executive VP

    • Tenure: 4.3yrs
  • Narimasa Tokugawa

    Executive Officer and General Manager of Corporate Administration Department

    • Tenure: 2.5yrs
  • Satoru Komiya (59yo)

    President

    • Tenure: 0.8yrs
  • Yuichi Takeda

    Executive Officer and General Manager of Corporate Accounting Department

    • Tenure: 2.5yrs
  • Kazuhiko Nakamura (58yo)

    Managing Executive Officer

    • Tenure: 2.3yrs
  • Taizou Ishiguro

    Group Leader of Corporate Communications & Investor Relations Group

    • Tenure: 0yrs

Board Members

  • Akio Mimura (79yo)

    Outside Director

    • Tenure: 9.3yrs
  • Tsuyoshi Nagano (67yo)

    Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: JP¥173.00m
  • Hirokazu Fujita (63yo)

    Senior MD

    • Tenure: 0yrs
  • Takayuki Yuasa (61yo)

    Executive VP

    • Tenure: 4.3yrs
  • Masako Egawa (63yo)

    Outside Director

    • Tenure: 4.3yrs
  • Akira Harashima (59yo)

    Senior MD

    • Tenure: 0.3yrs
  • Shinichi Hirose (60yo)

    Director

    • Tenure: 0.3yrs
  • Makoto Okada (59yo)

    Executive VP

    • Tenure: 1.3yrs
  • Satoru Komiya (59yo)

    President

    • Tenure: 0.8yrs
  • Kenji Okada (56yo)

    Group Chief Risk Officer

    • Tenure: 0.3yrs

Company Information

Tokio Marine Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tokio Marine Holdings, Inc.
  • Ticker: MH6
  • Exchange: DB
  • Founded: 2002
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: JP¥4.020t
  • Listing Market Cap: JP¥33.258b
  • Shares outstanding: 705.32m
  • Website: https://www.tokiomarinehd.com

Number of Employees


Location

  • Tokio Marine Holdings, Inc.
  • 1-2-1 Marunouchi
  • Chiyoda-ku
  • Tokyo
  • 100-0005
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8766TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1975
MH6DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975
TKOM.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1975
TKOM.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 1980

Biography

Tokio Marine Holdings, Inc., together with its subsidiaries, engages in non-life and life insurance, international insurance, and financial and general businesses worldwide. The company provides business,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:42
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.