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INES

DB:IE7
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IE7
DB
¥26B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

INES Corporation provides information network system services to industrial corporations, financial institutions, and public entities primarily in Japan. The last earnings update was 22 days ago. More info.


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IE7 Share Price and Events
7 Day Returns
-2.2%
DB:IE7
-0.9%
DE IT
-0.3%
DE Market
1 Year Returns
12.5%
DB:IE7
-0.7%
DE IT
-6.7%
DE Market
IE7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
INES (IE7) -2.2% 0.2% -16.6% 12.5% -1.7% 58.3%
DE IT -0.9% 1% 16.5% -0.7% 174.9% 284.3%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • IE7 outperformed the IT industry which returned -0.7% over the past year.
  • IE7 outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
IE7
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for INES's competitors could be found in our database.

Value

 Is INES 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 INES 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 INES.

DB:IE7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.2%
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:IE7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.993 (1 + (1- 30.86%) (0%))
0.995
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.995 * 5.96%)
6.16%

Discounted Cash Flow Calculation for DB:IE7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for INES 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:IE7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.16%)
2020 879.73 Est @ -46.35% 828.69
2021 594.92 Est @ -32.37% 527.89
2022 460.51 Est @ -22.59% 384.91
2023 387.99 Est @ -15.75% 305.48
2024 345.49 Est @ -10.95% 256.24
2025 319.23 Est @ -7.6% 223.02
2026 302.47 Est @ -5.25% 199.05
2027 291.56 Est @ -3.61% 180.74
2028 284.39 Est @ -2.46% 166.07
2029 279.70 Est @ -1.65% 153.85
Present value of next 10 years cash flows ¥3,225.94
DB:IE7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥279.70 × (1 + 0.23%) ÷ (6.16% – 0.23%)
¥4,726.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥4,726.17 ÷ (1 + 6.16%)10
¥2,599.69
DB:IE7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥3,225.94 + ¥2,599.69
¥5,825.63
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥5,825.63 / 23.77
¥245.13
DB:IE7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IE7 represents 0.00812x of TSE:9742
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00812x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 245.13 x 0.00812
€1.99
Value per share (EUR) From above. €1.99
Current discount Discount to share price of €9.00
= -1 x (€9.00 - €1.99) / €1.99
-352.4%

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

  • The current share price of INES 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 INES's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are INES's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IE7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥56.93
TSE:9742 Share Price ** TSE (2019-07-17) in JPY ¥1109
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 25.3x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

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

** Primary Listing of INES.

DB:IE7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9742 Share Price ÷ EPS (both in JPY)

= 1109 ÷ 56.93

19.48x

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

  • INES is good value based on earnings compared to the DE IT industry average.
  • INES is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does INES's expected growth come at a high price?
Raw Data
DB:IE7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
29.5%per year
Germany IT Industry PEG Ratio Median Figure of 12 Publicly-Listed IT Companies 1.56x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for INES, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on INES's assets?
Raw Data
DB:IE7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,537.42
TSE:9742 Share Price * TSE (2019-07-17) in JPY ¥1109
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.93x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:IE7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9742 Share Price ÷ Book Value per Share (both in JPY)

= 1109 ÷ 1,537.42

0.72x

* Primary Listing of INES.

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

  • INES is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess INES'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. INES 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 INES expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover INES, future earnings growth has been estimated based on fundamentals.
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
29.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is INES expected to grow at an attractive rate?
  • INES's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • INES's earnings growth is expected to exceed the Germany market average.
  • Unable to compare INES's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:IE7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IE7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 29.5%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 24.4%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 17.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:IE7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IE7 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:IE7 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 38,143 4,344 1,492
2018-12-31 38,611 3,402 1,678
2018-09-30 37,626 2,673 1,291
2018-06-30 36,569 3,119 1,119
2018-03-31 36,119 2,933 1,057
2017-12-31 36,360 4,544 1,220
2017-09-30 36,540 4,893 1,239
2017-06-30 37,784 3,654 1,353
2017-03-31 38,488 7,258 1,613
2016-12-31 39,541 5,582 1,411
2016-09-30 39,777 5,742 1,669
2016-06-30 39,763 5,811 1,572

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • INES's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if INES is high growth as no revenue estimate data is available.
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:IE7 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 0 Analyst Estimates (S&P Global) See Below

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

DB:IE7 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:IE7 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 56.93
2018-12-31 62.99
2018-09-30 48.39
2018-06-30 42.61
2018-03-31 40.49
2017-12-31 46.70
2017-09-30 47.27
2017-06-30 51.25
2017-03-31 60.18
2016-12-31 51.33
2016-09-30 58.89
2016-06-30 53.59

*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.
  • Unable to establish if INES will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess INES'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 Germany 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.
INES has a total score of 3/6, 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 INES 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 INES's growth in the last year to its industry (IT).
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.
  • INES's year on year earnings growth rate has been positive over the past 5 years.
  • INES's 1-year earnings growth exceeds its 5-year average (41.2% vs 6.5%)
  • INES's earnings growth has exceeded the DE IT industry average in the past year (41.2% vs 16.2%).
Earnings and Revenue History
INES'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 INES Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IE7 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 38,143.00 1,492.00 5,005.00 405.00
2018-12-31 38,611.00 1,678.00 5,335.00 307.00
2018-09-30 37,626.00 1,291.00 5,455.00 307.00
2018-06-30 36,569.00 1,119.00 5,560.00 307.00
2018-03-31 36,119.00 1,057.00 5,537.00 307.00
2017-12-31 36,360.00 1,220.00 5,734.00 88.00
2017-09-30 36,540.00 1,239.00 5,660.00 88.00
2017-06-30 37,784.00 1,353.00 5,689.00 88.00
2017-03-31 38,488.00 1,613.00 5,684.00 88.00
2016-12-31 39,541.00 1,411.00 5,474.00 125.00
2016-09-30 39,777.00 1,669.00 5,509.00 125.00
2016-06-30 39,763.00 1,572.00 5,433.00 125.00
2016-03-31 39,455.00 1,454.00 5,388.00 125.00
2015-12-31 38,795.00 1,002.00 5,453.00 89.00
2015-09-30 38,838.00 577.00 5,365.00 89.00
2015-06-30 39,077.00 759.00 5,356.00 89.00
2015-03-31 38,855.00 847.00 5,243.00 89.00
2014-12-31 37,276.00 1,113.00 5,135.00 181.00
2014-09-30 36,793.00 1,177.00 5,215.00 181.00
2014-06-30 36,256.00 1,377.00 5,114.00 181.00
2014-03-31 35,112.00 1,053.00 5,251.00 181.00
2013-12-31 34,399.00 1,149.00 5,141.00 104.00
2013-09-30 33,440.00 1,083.00 5,052.00 104.00
2013-06-30 33,629.00 1,195.00 5,087.00 104.00
2013-03-31 33,802.00 1,275.00 5,036.00 104.00
2012-12-31 34,637.00 1,773.00 5,204.00 66.00
2012-09-30 35,121.00 1,429.00 5,215.00 66.00

*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.
  • INES has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • INES used its assets less efficiently than the DE IT industry average last year based on Return on Assets.
  • INES has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess INES'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 IT 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.
INES has a total score of 4/6, 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 INES'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 INES's finances.

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

DB:IE7 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 36,538.00 0.00 9,940.00
2018-12-31 37,705.00 0.00 12,754.00
2018-09-30 40,174.00 0.00 14,340.00
2018-06-30 41,126.00 0.00 18,449.00
2018-03-31 38,575.00 0.00 11,261.00
2017-12-31 37,836.00 0.00 11,270.00
2017-09-30 37,973.00 0.00 12,836.00
2017-06-30 37,630.00 0.00 15,506.00
2017-03-31 37,987.00 0.00 10,960.00
2016-12-31 36,940.00 0.00 10,726.00
2016-09-30 37,429.00 0.00 12,048.00
2016-06-30 37,655.00 0.00 15,630.00
2016-03-31 39,067.00 0.00 8,142.00
2015-12-31 40,368.00 0.00 9,795.00
2015-09-30 41,502.00 0.00 9,107.00
2015-06-30 43,115.00 0.00 13,865.00
2015-03-31 43,245.00 0.00 8,810.00
2014-12-31 42,940.00 0.00 8,963.00
2014-09-30 43,387.00 0.00 10,131.00
2014-06-30 42,878.00 0.00 12,389.00
2014-03-31 43,143.00 0.00 8,604.00
2013-12-31 43,199.00 0.00 8,847.00
2013-09-30 43,435.00 0.00 10,849.00
2013-06-30 42,725.00 0.00 14,455.00
2013-03-31 43,286.00 0.00 12,289.00
2012-12-31 48,731.00 0.00 24,529.00
2012-09-30 48,991.00 0.00 24,292.00
  • INES has no debt.
  • INES has not taken on any debt in the past 5 years.
  • INES has no debt, it does not need to be covered by operating cash flow.
  • INES has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess INES'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. INES 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 INES'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
2.71%
Current annual income from INES dividends.
If you bought €2,000 of INES shares you are expected to receive €54 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?
  • INES's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • INES's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Upcoming dividend payment

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

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:IE7 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 0 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 0.5%
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 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:IE7 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:IE7 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 30.000 2.606
2019-02-08 20.000 1.577
2019-01-29 20.000 1.539
2018-11-09 20.000 1.690
2018-10-30 20.000 1.577
2018-06-22 20.000 1.699
2018-04-26 20.000 1.732
2018-02-09 20.000 1.827
2018-01-30 20.000 1.788
2017-11-10 20.000 1.769
2017-10-26 20.000 1.876
2017-06-23 20.000 1.873
2017-04-27 20.000 1.783
2017-02-09 16.000 1.451
2017-01-26 16.000 1.384
2016-11-11 16.000 1.320
2016-10-27 16.000 1.381
2016-07-28 16.000 1.390
2016-02-09 16.000 1.464
2016-01-28 16.000 1.441
2015-11-11 16.000 1.482
2015-10-29 16.000 1.500
2015-07-30 16.000 1.460
2015-02-10 16.000 1.493
2015-01-30 16.000 1.814
2014-11-11 16.000 1.795
2014-10-30 16.000 1.830
2014-06-26 16.000 1.869
2014-04-25 16.000 2.372
2014-02-07 16.000 2.265
2014-01-30 16.000 2.216
2013-11-12 16.000 2.362
2013-10-25 16.000 2.521
2013-06-25 16.000 2.599
2013-04-26 16.000 2.233
2013-02-08 16.000 2.298
2013-01-28 16.000 2.534
2012-11-12 16.000 2.998
2012-10-26 16.000 3.227
2012-07-26 16.000 3.356
2012-06-22 16.000 3.148
2012-04-27 16.000 2.951
2012-02-10 16.000 2.547
2012-01-26 16.000 2.782
2011-11-11 16.000 2.983
2011-10-26 16.000 3.062
2011-07-28 16.000 3.122
2011-06-24 16.000 2.863
2011-04-26 16.000 3.146
2011-01-27 14.000 2.384
2010-10-26 14.000 2.449
2010-07-27 14.000 2.659
2010-06-25 14.000 2.392
2010-04-26 14.000 2.052
2010-01-28 12.000 1.783
2009-10-23 12.000 1.703
2009-08-13 12.000 1.564
2009-07-22 12.000 1.554
2009-06-24 12.000 1.868
2009-04-23 12.000 2.092
2009-02-12 10.000 2.099
2009-01-28 10.000 2.207
2008-11-12 10.000 2.243
2008-10-23 10.000 2.242
2008-08-08 0.000 0.000

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of INES's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
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 INES'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 INES afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. INES has a total score of 4/6, 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 INES'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
Etsuro Mori
AGE 67
TENURE AS CEO 5.1 years
CEO Bio

Mr. Etsuro Mori has been President at INES Corporation since June 2014. Mr. Mori served as Vice President and Executive Officer of Hitachi Solutions, Ltd.(also known as Hitachi Software Engineering Co. Ltd), and served as its Executive Officer of Project Management Division. He served as Vice President at INES Corporation since April 2014. He has been Representative Director at INES Corporation since June 2014.

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

Average tenure of the INES management team in years:

0.9
Average Tenure
  • The average tenure for the INES management team is less than 2 years, this suggests a new team.
Management Team

Etsuro Mori

TITLE
President & Representative Director
AGE
67
TENURE
5.1 yrs

Koichi Yoshimura

TITLE
Managing Executive Officer & Director
AGE
54
TENURE
0.5 yrs

Susumu Tsukahara

TITLE
Managing Executive Officer & Director

Michihisa Okubo

TITLE
Managing Executive Officer & Director
TENURE
1.3 yrs

Etsuo Isobe

TITLE
Executive Officer & Director
TENURE
1.5 yrs

Koichiro Nagata

TITLE
Executive Officer
TENURE
0.5 yrs

Shuji Hattori

TITLE
Executive Officer
TENURE
0.5 yrs
Board of Directors Tenure

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

1.1
Average Tenure
67
Average Age
  • The average tenure for the INES board of directors is less than 3 years, this suggests a new board.
Board of Directors

Etsuro Mori

TITLE
President & Representative Director
AGE
67
TENURE
5.1 yrs

Koichi Yoshimura

TITLE
Managing Executive Officer & Director
AGE
54

Susumu Tsukahara

TITLE
Managing Executive Officer & Director

Michihisa Okubo

TITLE
Managing Executive Officer & Director
TENURE
1.1 yrs

Etsuo Isobe

TITLE
Executive Officer & Director
TENURE
0.5 yrs

Kyota Omori

TITLE
Outside Director
AGE
71
TENURE
1.1 yrs

Tadahiko Fukuhara

TITLE
Outside Director
TENURE
1.1 yrs

Minoru Touyama

TITLE
Corporate Auditor
AGE
67
TENURE
3.1 yrs

Aiichirou Uchikomi

TITLE
Outside Corporate Auditor

Hiroshi Yoshida

TITLE
Outside Auditor
AGE
65
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess INES'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. INES 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

INES Corporation provides information network system services to industrial corporations, financial institutions, and public entities primarily in Japan. It offers operation and maintenance services for information systems and communication networks; and information system analysis and design, program development, testing, and conversion services, including software development for the financial, distribution, and service industries, as well as for the public sector. The company offers system integration services for software and hardware systems, such as construction of Web-based networks, client/server networks, local area networks, and wide-area networks; and sells mobile PCs, automatic printing device systems, and other equipment. In addition, it provides other system related services, including data input, help desk, and security services; and hardware procurement, staff training and education, ERP consulting, and outsourcing services. The company was formerly known as Kyoei Computer Center and changed its name to INES Corporation in August 1984. INES Corporation was founded in 1964 and is headquartered in Tokyo, Japan.

Details
Name: INES Corporation
IE7
Exchange: DB
Founded: 1964
¥217,190,181
23,765,423
Website: http://www.ines.co.jp
Address: INES Corporation
26, Sanbancho,
Chiyoda-ku,
Tokyo,
102-0075,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9742 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB IE7 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,638
INES employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 21:35
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/06/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.