DB:9BL

Stock Analysis Report

Executive Summary

Broadleaf Co., Ltd. develops and provides software, and IT solutions and services for the automotive aftermarket and other business sectors and industries in Japan.

Snowflake

Fundamentals

Solid track record with excellent balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.8%

9BL

10.0%

DE Software

3.9%

DE Market


1 Year Return

-11.4%

9BL

21.0%

DE Software

3.4%

DE Market

Return vs Industry: 9BL underperformed the German Software industry which returned 21% over the past year.

Return vs Market: 9BL underperformed the German Market which returned 3.4% over the past year.


Shareholder returns

9BLIndustryMarket
7 Day-2.8%10.0%3.9%
30 Day2.6%6.8%2.1%
90 Day4.6%3.1%3.7%
1 Year-9.2%-11.4%22.6%21.0%6.7%3.4%
3 Year112.5%96.2%54.7%48.4%18.9%8.6%
5 Year85.9%64.3%144.4%127.1%41.8%22.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

17.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 9BL (€4.82) is trading above our estimate of fair value (€3.5)

Significantly Undervalued: 9BL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 9BL is good value based on its PE Ratio (17.3x) compared to the Software industry average (36.6x).

PE vs Market: 9BL is good value based on its PE Ratio (17.3x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: 9BL is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: 9BL is good value based on its PB Ratio (2.4x) compared to the DE Software industry average (3x).


Next Steps

Future Growth

How is Broadleaf forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9BL's forecast earnings growth (8% per year) is above the savings rate (0.2%).

Earnings vs Market: 9BL's earnings (8% per year) are forecast to grow slower than the German market (12.6% per year).

High Growth Earnings: 9BL's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9BL's revenue (2.9% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: 9BL's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 9BL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Broadleaf performed over the past 5 years?

16.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 9BL's earnings have grown by 16.8% per year over the past 5 years.

Accelerating Growth: 9BL's earnings growth over the past year (27.3%) exceeds its 5-year average (16.8% per year).

Earnings vs Industry: 9BL earnings growth over the past year (27.3%) exceeded the Software industry 14.5%.


Return on Equity

High ROE: 9BL's Return on Equity (13.8%) is considered low.


Return on Assets

ROA vs Industry: 9BL has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: 9BL has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Broadleaf's financial position?


Financial Position Analysis

Short Term Liabilities: 9BL's short term assets (¥8.8B) exceeds its short term liabilities (¥7.4B)

Long Term Liabilities: 9BL's short term assets (8.8B) exceeds its long term liabilities (586.0M)


Debt to Equity History and Analysis

Debt Level: 9BL's debt to equity ratio (3.1%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 9BL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 9BL's debt is well covered by operating cash flow (574%).

Interest Coverage: 9BL's interest payments on its debt are well covered by EBIT (581.6x coverage).


Balance Sheet

Inventory Level: 9BL has a low level of unsold assets or inventory.

Debt Coverage by Assets: 9BL's debt is covered by short term assets (assets are 12.837200x debt).


Next Steps

Dividend

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

2.18%

Current Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield vs Market

company2.2%marketbottom25%1.5%markettop25%3.8%industryaverage1.3%forecastin3Years2.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 9BL's dividend (2.18%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: 9BL's dividend (2.18%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: Whilst dividend payments have been stable, 9BL has been paying a dividend for less than 10 years.

Growing Dividend: 9BL's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.6%), 9BL'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 Broadleaf's salary, the management and board of directors tenure and is there insider trading?

6.6yrs

Average board tenure


CEO

Kenji Oyama (51yo)

0yrs

Tenure

0

Mr. Kenji Oyama has been President and Representative Director of Broadleaf Co., Ltd. since June 2006 and serves as its Chief Executive Officer. Mr. Oyama served as Executive Officer and General Manager of ...


Board Age and Tenure

6.6yrs

Average Tenure

63yo

Average Age

Experienced Board: 9BL's board of directors are considered experienced (6.6 years average tenure).


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

  • Makoto Nakatsuka (62yo)

    President of ITX Corporation

    • Tenure: 0yrs
  • Kenji Oyama (51yo)

    President

    • Tenure: 0yrs
  • Toshiyuki Hasegawa

    Executive Officer

    • Tenure: 0yrs
  • Kenichi Yamanaka (51yo)

    COO, Executive VP & Director

    • Tenure: 7.6yrs
  • Naruyuki Suzuki

    Executive Officer

    • Tenure: 0yrs
  • Hirohito Hattori

    Executive Officer

    • Tenure: 0yrs
  • Sadahiro Takeda

    Executive Officer

    • Tenure: 0yrs
  • Tsuyoshi Yano

    Executive Officer

    • Tenure: 0yrs

Board Members

  • Shigeru Ikeda (78yo)

    External Director

    • Tenure: 3.6yrs
  • Kenji Oyama (51yo)

    President

    • Tenure: 0yrs
  • Shinya Aoki (73yo)

    Full-Time Corporate Auditor

    • Tenure: 12.4yrs
  • Tsuyoshi Nishimoto (46yo)

    External Corporate Auditor

    • Tenure: 1.8yrs
  • Kenichi Yamanaka (51yo)

    COO, Executive VP & Director

    • Tenure: 7.6yrs
  • Morio Kizawa (75yo)

    External Director

    • Tenure: 7.6yrs
  • Kiichiro Watanabe (60yo)

    External Director

    • Tenure: 5.6yrs
  • Tomoji Ishii (66yo)

    External Corporate Auditor

    • Tenure: 5.6yrs

Company Information

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


Key Information

  • Name: Broadleaf Co., Ltd.
  • Ticker: 9BL
  • Exchange: DB
  • Founded: 2005
  • Industry: Application Software
  • Sector: Software
  • Market Cap: JP¥52.192b
  • Listing Market Cap: JP¥432.156m
  • Shares outstanding: 87.42m
  • Website: https://www.broadleaf.co.jp

Number of Employees


Location

  • Broadleaf Co., Ltd.
  • Glass Cube Shinagawa
  • Floor 8
  • Tokyo
  • 140-0002
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3673TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYMar 2013
9BLDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2013

Biography

Broadleaf Co., Ltd. develops and provides software, and IT solutions and services for the automotive aftermarket and other business sectors and industries in Japan. The company offers broadleaf cloud platf ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 21:12
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.