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Pacific Metals

DB:PYV
Snowflake Description

Flawless balance sheet and fair value.

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

Pacific Metals Co., Ltd. produces and sells ferro-nickel and ferro-nickel slag products in Japan and internationally. The last earnings update was 70 days ago. More info.


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PYV Share Price and Events
7 Day Returns
-2.5%
DB:PYV
0%
DE Metals and Mining
1%
DE Market
1 Year Returns
-29.8%
DB:PYV
-38.3%
DE Metals and Mining
-5.6%
DE Market
PYV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pacific Metals (PYV) -2.5% -10.1% -10.6% -29.8% -29.5% -40.8%
DE Metals and Mining 0% 7.1% -6.8% -38.3% -24.5% -23.4%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • PYV outperformed the Metals and Mining industry which returned -38.3% over the past year.
  • PYV underperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
PYV
Industry
5yr Volatility vs Market

Value

 Is Pacific Metals 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 Pacific Metals 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 Pacific Metals.

DB:PYV 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 6.7%
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:PYV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 30.86%) (0%))
1.088
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.088 * 5.96%)
6.72%

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

The calculations below outline how an intrinsic value for Pacific Metals 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:PYV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.72%)
2019 0.00 Analyst x1 0.00
2020 1,200.00 Analyst x1 1,053.73
2021 200.00 Analyst x1 164.57
2022 0.00 Est @ -100% 0.00
2023 0.00 Est @ -69.93% 0.00
2024 0.00 Est @ -48.88% 0.00
2025 0.00 Est @ -34.15% 0.00
2026 0.00 Est @ -23.84% 0.00
2027 0.00 Est @ -16.62% 0.00
2028 0.00 Est @ -11.56% 0.00
Present value of next 10 years cash flows ¥1,218.31
DB:PYV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥0.00 × (1 + 0.23%) ÷ (6.72% – 0.23%)
¥0.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥0.00 ÷ (1 + 6.72%)10
¥0.00
DB:PYV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,218.31 + ¥0.00
¥1,218.31
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,218.31 / 19.51
¥62.46
DB:PYV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PYV represents 0.0079x of TSE:5541
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0079x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 62.46 x 0.0079
€0.49
Value per share (EUR) From above. €0.49
Current discount Discount to share price of €19.66
= -1 x (€19.66 - €0.49) / €0.49
-3885.1%

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

  • The current share price of Pacific Metals 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 Pacific Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pacific Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PYV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥185.53
TSE:5541 Share Price ** TSE (2019-04-24) in JPY ¥2489
Germany Metals and Mining Industry PE Ratio Median Figure of 5 Publicly-Listed Metals and Mining Companies 14.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

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

** Primary Listing of Pacific Metals.

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

= TSE:5541 Share Price ÷ EPS (both in JPY)

= 2489 ÷ 185.53

13.42x

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

  • Pacific Metals is good value based on earnings compared to the DE Metals and Mining industry average.
  • Pacific Metals is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Pacific Metals's expected growth come at a high price?
Raw Data
DB:PYV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-68.1%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 62 Publicly-Listed Metals and Mining Companies 0.7x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.42x ÷ -68.1%

-0.2x

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

  • Pacific Metals earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pacific Metals's assets?
Raw Data
DB:PYV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥3,229.67
TSE:5541 Share Price * TSE (2019-04-24) in JPY ¥2489
Germany Metals and Mining Industry PB Ratio Median Figure of 8 Publicly-Listed Metals and Mining Companies 1.85x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:PYV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5541 Share Price ÷ Book Value per Share (both in JPY)

= 2489 ÷ 3,229.67

0.77x

* Primary Listing of Pacific Metals.

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

  • Pacific Metals is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Pacific Metals'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Pacific Metals 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 Pacific Metals 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
-68.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pacific Metals expected to grow at an attractive rate?
  • Pacific Metals's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pacific Metals's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Pacific Metals's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PYV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PYV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -68.1%
DB:PYV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -3.9%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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:PYV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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:PYV Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 43,900 2,600 800 1
2020-03-31 43,900 3,600 700 1
2019-03-31 46,200 2,400 4,300 1
DB:PYV Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 48,151 3,619
2018-09-30 48,210 -170 4,371
2018-06-30 42,884 3,351
2018-03-31 41,210 -1,067 -810
2017-12-31 41,702 -4,974
2017-09-30 40,286 -2,086 -3,227
2017-06-30 39,931 -3,968
2017-03-31 38,697 -3,360 -3,561
2016-12-31 35,625 -30,564
2016-09-30 37,717 -5,590 -36,057
2016-06-30 41,867 -39,463
2016-03-31 47,649 -3,618 -38,369

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pacific Metals's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Pacific Metals's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:PYV 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 1 Analyst Estimates (S&P Global) See Below

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

DB:PYV Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 41.01 41.01 41.01 1.00
2020-03-31 35.89 35.89 35.89 1.00
2019-03-31 220.45 220.45 220.45 1.00
DB:PYV Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 185.53
2018-09-30 224.07
2018-06-30 171.78
2018-03-31 -41.52
2017-12-31 -254.95
2017-09-30 -165.40
2017-06-30 -203.37
2017-03-31 -182.50
2016-12-31 -1,566.36
2016-09-30 -1,847.81
2016-06-30 -2,022.29
2016-03-31 -1,966.17

*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.
  • Pacific Metals is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pacific Metals'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.
Pacific Metals has a total score of 0/6, 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 Pacific Metals 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 Pacific Metals's growth in the last year to its industry (Metals and Mining).
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.
  • Pacific Metals's year on year earnings growth rate has been positive over the past 5 years.
  • Pacific Metals has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Pacific Metals has become profitable in the last year making it difficult to compare the DE Metals and Mining industry average.
Earnings and Revenue History
Pacific Metals'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 Pacific Metals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PYV 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 48,151.00 3,619.00 2,861.00
2018-09-30 48,210.00 4,371.00 2,897.00
2018-06-30 42,884.00 3,351.00 2,796.00
2018-03-31 41,210.00 -810.00 2,808.00
2017-12-31 41,702.00 -4,974.00 2,985.00
2017-09-30 40,286.00 -3,227.00 2,921.00
2017-06-30 39,931.00 -3,968.00 2,924.00
2017-03-31 38,697.00 -3,561.00 2,896.00
2016-12-31 35,625.00 -30,564.00 2,802.00
2016-09-30 37,717.00 -36,057.00 2,964.00
2016-06-30 41,867.00 -39,463.00 3,169.00
2016-03-31 47,649.00 -38,369.00 3,421.00
2015-12-31 53,043.00 -10,698.00 2,647.00 876.00
2015-09-30 54,262.00 -6,290.00 2,587.00 876.00
2015-06-30 55,292.00 -3,859.00 2,850.00 876.00
2015-03-31 61,225.00 -1,611.00 3,448.00 876.00
2014-12-31 62,545.00 -2,363.00 2,709.00 2,191.00
2014-09-30 66,464.00 -3,205.00 3,498.00 2,191.00
2014-06-30 64,212.00 -5,141.00 3,621.00 2,191.00
2014-03-31 56,408.00 -6,149.00 3,670.00 2,191.00
2013-12-31 56,746.00 -1,045.00 3,144.00 2,669.00
2013-09-30 55,132.00 1,704.00 3,143.00 2,669.00
2013-06-30 56,825.00 4,428.00 3,335.00 2,669.00
2013-03-31 58,488.00 2,126.00 3,215.00 2,669.00
2012-12-31 60,638.00 821.00 4,423.00 1,434.00
2012-09-30 59,415.00 -1,606.00 4,377.00 1,434.00
2012-06-30 60,920.00 -348.00 3,680.00 1,434.00

*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.
  • Pacific Metals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pacific Metals used its assets more efficiently than the DE Metals and Mining industry average last year based on Return on Assets.
  • Pacific Metals has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Pacific Metals'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 Metals and Mining 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.
Pacific Metals has a total score of 3/6, 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 Pacific Metals'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 Pacific Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pacific Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pacific Metals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pacific Metals'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.
  • Pacific Metals has no debt, it does not need to be covered by short term assets.
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 Pacific Metals Company Filings, last reported 3 months ago.

DB:PYV Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 63,212.00 0.00 23,838.00
2018-09-30 64,959.00 0.00 24,497.00
2018-06-30 63,174.00 0.00 24,951.00
2018-03-31 62,615.00 0.00 24,382.00
2017-12-31 61,928.00 0.00 22,430.00
2017-09-30 61,946.00 0.00 24,524.00
2017-06-30 61,280.00 0.00 24,252.00
2017-03-31 63,770.00 0.00 25,709.00
2016-12-31 66,738.00 0.00 24,810.00
2016-09-30 64,564.00 0.00 26,839.00
2016-06-30 64,900.00 0.00 28,375.00
2016-03-31 67,733.00 0.00 28,984.00
2015-12-31 98,718.00 0.00 30,244.00
2015-09-30 102,951.00 0.00 28,353.00
2015-06-30 108,811.00 0.00 29,594.00
2015-03-31 109,806.00 77.00 30,994.00
2014-12-31 112,749.00 101.00 30,384.00
2014-09-30 110,722.00 162.00 32,220.00
2014-06-30 110,108.00 178.00 34,749.00
2014-03-31 107,864.00 247.00 27,844.00
2013-12-31 111,191.00 271.00 24,792.00
2013-09-30 111,196.00 332.00 23,964.00
2013-06-30 114,347.00 356.00 26,484.00
2013-03-31 114,386.00 425.00 29,505.00
2012-12-31 110,293.00 465.00 29,193.00
2012-09-30 107,506.00 534.00 28,396.00
2012-06-30 108,643.00 574.00 29,543.00
  • Pacific Metals has no debt.
  • Pacific Metals has no debt compared to 5 years ago when it was 0.2%.
  • Pacific Metals has no debt, it does not need to be covered by operating cash flow.
  • Pacific Metals has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Pacific Metals'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. Pacific Metals 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 Pacific Metals'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
1.61%
Current annual income from Pacific Metals dividends. Estimated to be 0.4% next year.
If you bought €2,000 of Pacific Metals shares you are expected to receive €32 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?
  • Pacific Metals's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Pacific Metals's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
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:PYV 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 Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
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:PYV Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 10.00 1.00
2020-03-31 10.00 1.00
2019-03-31 60.00 1.00
DB:PYV Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 40.000 1.454
2018-11-13 40.000 1.363
2016-05-10 0.000 0.000
2015-05-12 50.000 1.508
2015-02-10 0.000 0.000
2014-11-11 0.000 0.000
2014-08-12 0.000 0.000
2014-06-27 30.000 0.609
2014-05-13 30.000 0.617
2013-06-27 70.000 1.816
2013-05-10 70.000 1.476
2012-06-28 90.000 2.684
2012-05-10 90.000 2.758
2012-02-13 0.000 0.000
2012-02-10 0.000 0.000
2011-11-11 0.000 0.000
2011-11-10 0.000 0.000
2011-08-10 40.000 0.864
2011-06-29 170.000 2.933
2011-05-10 170.000 2.982
2011-02-10 220.000 3.386
2010-11-10 180.000 2.617
2010-08-10 180.000 2.703
2010-06-29 200.000 3.257
2010-05-12 200.000 2.982
2010-02-15 120.000 1.639
2010-02-10 120.000 2.004
2009-11-13 90.000 1.436
2009-11-10 90.000 1.396
2009-08-11 70.000 0.940
2009-06-26 30.000 0.412
2009-05-12 30.000 0.398

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 Pacific Metals's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.3x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of Pacific Metals's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Pacific Metals'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 Pacific Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pacific Metals 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 Pacific Metals'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
Akira Sasaki
AGE 69
TENURE AS CEO 4.8 years
CEO Bio

Mr. Akira Sasaki has been the President of Pacific Metals Co., Ltd., since June 2014. Mr. Sasaki served as Managing Executive Officer at Pacific Metals Co., Ltd since June 2011. He served as General Manager of Production Division at Pacific Metals Co., Ltd. since December 2012. He served as General Manager of Manufacturing Division and Manager of Manufacturing Department at Pacific Metals Co., Ltdsince June 2010. Mr. Sasaki served as General Manager of Engineering Division Manufacturing Headquarters at Pacific Metals Co., Ltd. since June 2001. Mr. Sasaki joined Pacific Metals in April 1972. At Pacific Metals, he served as Assistant General Manager of 1st Manufacturing Division Hachinohe Factory since December 1997 until June 1999; Assistant General Manager of Manufacturing Headquarters since July 1999 until March 2001. Mr. Sasaki has been a Representative Director of Pacific Metals Co., Ltd., since June 2014 and served as its Director since June 2006.

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

Average tenure and age of the Pacific Metals management team in years:

1.8
Average Tenure
67.5
Average Age
  • The average tenure for the Pacific Metals management team is less than 2 years, this suggests a new team.
Management Team

Akira Sasaki

TITLE
President & Representative Director
AGE
69
TENURE
4.8 yrs

Kazuyuki Sugai

TITLE
Managing Executive Officer and Director
AGE
67
TENURE
1.8 yrs

Tetsuo Hatakeyama

TITLE
Managing Executive Officer
AGE
67
TENURE
1.8 yrs

Keiichi Koide

TITLE
Chief of Corporate Planning Office
AGE
68
TENURE
3.2 yrs

Tamaki Fujiyama

TITLE
Senior Managing Executive Officer
AGE
68
TENURE
1.8 yrs

Yoshiharu Inomata

TITLE
Senior Executive Officer
AGE
64
TENURE
1.8 yrs

Masahiko Naito

TITLE
Senior Executive Officer & Head of General Affairs Department

Shinobu Izumimoto

TITLE
Senior Executive Officer and Head of Safety & Health Management Office

Hiroaki Kazuyanagi

TITLE
Senior Executive Officer & Head of Ore Department

Kenichi Hara

TITLE
Senior Executive Officer & Head of Sales 1 Department
Board of Directors Tenure

Average tenure and age of the Pacific Metals board of directors in years:

6.3
Average Tenure
67.5
Average Age
  • The tenure for the Pacific Metals board of directors is about average.
Board of Directors

Akira Sasaki

TITLE
President & Representative Director
AGE
69
TENURE
4.8 yrs

Kazuyuki Sugai

TITLE
Managing Executive Officer and Director
AGE
67
TENURE
6.8 yrs

Tetsuo Hatakeyama

TITLE
Managing Executive Officer
AGE
67
TENURE
7.8 yrs

Keiichi Koide

TITLE
Chief of Corporate Planning Office
AGE
68
TENURE
8.8 yrs

Tamaki Fujiyama

TITLE
Senior Managing Executive Officer
AGE
68
TENURE
8.8 yrs

Yoshiharu Inomata

TITLE
Senior Executive Officer
AGE
64
TENURE
1.8 yrs

Masayuki Aoyama

TITLE
Senior Executive Officer
AGE
64
TENURE
4.8 yrs

Shigeru Kobayashi

TITLE
Independent External Auditor
AGE
69

Shinya Matsumoto

TITLE
Independent External Director
AGE
59
TENURE
5.8 yrs

Hikari Imai

TITLE
Independent External Director
AGE
69
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 Pacific Metals'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. Pacific Metals 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

Pacific Metals Co., Ltd. produces and sells ferro-nickel and ferro-nickel slag products in Japan and internationally. The company offers ferro-nickel that is used as a raw material for stainless steel; and slag processed products. It is also involved in waste recycling business. Pacific Metals Co., Ltd. was founded in 1949 and is headquartered in Hachinohe, Japan.

Details
Name: Pacific Metals Co., Ltd.
PYV
Exchange: DB
Founded: 1949
¥388,020,017
19,506,371
Website: http://www.pacific-metals.co.jp
Address: Pacific Metals Co., Ltd.
Akaharu Kawarakibara 5-2,
5-2 Toyama,
Hachinohe,
Aomori, 031-8617,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5541 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB PYV Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
464
Pacific Metals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 21:11
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/13
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.