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OBIC

DB:OBL
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OBL
DB
¥1,143B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

OBIC Co., Ltd., together with its subsidiaries, provides computer system integration, system support, office automation, and package software services. The last earnings update was 28 days ago. More info.


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OBL Share Price and Events
7 Day Returns
6.2%
DB:OBL
6.4%
DE IT
0.3%
DE Market
1 Year Returns
48.2%
DB:OBL
8.9%
DE IT
-11.6%
DE Market
OBL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OBIC (OBL) 6.2% 13.3% 25.7% 48.2% 122.5% 350.4%
DE IT 6.4% 15.5% 20.1% 8.9% 160% 261.3%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • OBL outperformed the IT industry which returned 8.9% over the past year.
  • OBL outperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
OBL
Industry
5yr Volatility vs Market
Related Companies

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

OBL Value

 Is OBIC 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 OBIC 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 OBIC.

DB:OBL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
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:OBL
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 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.049 (1 + (1- 30.86%) (0%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.033 * 5.96%)
6.38%

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

The calculations below outline how an intrinsic value for OBIC 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:OBL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.38%)
2019 23,993.71 Analyst x7 22,553.70
2020 26,857.17 Analyst x6 23,730.18
2021 34,052.14 Analyst x7 28,281.71
2022 37,237.53 Analyst x6 29,071.17
2023 37,400.00 Analyst x1 27,445.65
2024 39,900.00 Analyst x1 27,522.97
2025 41,258.38 Est @ 3.4% 26,751.92
2026 42,269.84 Est @ 2.45% 25,762.85
2027 43,024.14 Est @ 1.78% 24,648.80
2028 43,590.99 Est @ 1.32% 23,474.74
Present value of next 10 years cash flows ¥259,243.68
DB:OBL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥43,590.99 × (1 + 0.23%) ÷ (6.38% – 0.23%)
¥709,627.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥709,627.48 ÷ (1 + 6.38%)10
¥382,150.48
DB:OBL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥259,243.68 + ¥382,150.48
¥641,394.17
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥641,394.17 / 88.95
¥7210.69
DB:OBL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OBL represents 0.00802x of TSE:4684
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00802x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 7,210.69 x 0.00802
€57.82
Value per share (EUR) From above. €57.82
Current discount Discount to share price of €103.04
= -1 x (€103.04 - €57.82) / €57.82
-78.2%

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

  • The current share price of OBIC 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 OBIC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OBIC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OBL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥362.26
TSE:4684 Share Price ** TSE (2019-05-21) in JPY ¥12850
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 26.12x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

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

** Primary Listing of OBIC.

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

= TSE:4684 Share Price ÷ EPS (both in JPY)

= 12850 ÷ 362.26

35.47x

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

  • OBIC is overvalued based on earnings compared to the DE IT industry average.
  • OBIC is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does OBIC's expected growth come at a high price?
Raw Data
DB:OBL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
5.7%per year
Germany IT Industry PEG Ratio Median Figure of 13 Publicly-Listed IT Companies 1.59x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.47x ÷ 5.7%

6.27x

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

  • OBIC is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on OBIC's assets?
Raw Data
DB:OBL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥2,456.14
TSE:4684 Share Price * TSE (2019-05-21) in JPY ¥12850
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.92x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:OBL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4684 Share Price ÷ Book Value per Share (both in JPY)

= 12850 ÷ 2,456.14

5.23x

* Primary Listing of OBIC.

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

  • OBIC is overvalued based on assets compared to the DE IT industry average.
X
Value checks
We assess OBIC'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. OBIC 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.

OBL Future Performance

 How is OBIC expected to perform in the next 1 to 3 years based on estimates from 8 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
5.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OBIC expected to grow at an attractive rate?
  • OBIC's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • OBIC's earnings growth is positive but not above the Germany market average.
  • OBIC's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OBL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OBL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 5.7%
DB:OBL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 5.6%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 23.9%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 16.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:OBL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OBL Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 98,000 40,200 42,500 1
2023-03-31 93,000 37,700 39,800 1
2022-03-31 89,196 39,380 38,488 6
2021-03-31 84,335 35,089 35,638 8
2020-03-31 79,895 32,389 33,137 6
DB:OBL Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 74,163 29,843 32,223
2018-12-31 71,901 27,904 31,181
2018-09-30 70,244 26,849 29,081
2018-06-30 68,898 26,315 28,048
2018-03-31 66,814 26,107 26,268
2017-12-31 66,323 24,820 26,702
2017-09-30 64,343 23,885 25,403
2017-06-30 63,371 22,226 24,916
2017-03-31 61,453 21,311 23,359
2016-12-31 60,647 20,511 21,661
2016-09-30 59,782 20,220 20,786
2016-06-30 59,339 20,316 22,884

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OBIC's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
  • OBIC's revenue is expected to grow by 5.6% 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:OBL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from OBIC Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OBL Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 442.20 499.29 406.63 7.00
2021-03-31 404.76 437.59 386.50 9.00
2020-03-31 373.73 385.61 364.80 8.00
DB:OBL Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 362.26
2018-12-31 350.54
2018-09-30 326.93
2018-06-30 315.32
2018-03-31 295.31
2017-12-31 300.19
2017-09-30 285.59
2017-06-30 280.11
2017-03-31 262.61
2016-12-31 243.47
2016-09-30 233.54
2016-06-30 256.82

*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.
  • OBIC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess OBIC'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.
OBIC 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.

OBL Past Performance

  How has OBIC 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 OBIC'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.
  • OBIC's year on year earnings growth rate has been positive over the past 5 years.
  • OBIC's 1-year earnings growth exceeds its 5-year average (22.7% vs 12%)
  • OBIC's earnings growth has exceeded the DE IT industry average in the past year (22.7% vs 15.5%).
Earnings and Revenue History
OBIC'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 OBIC Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OBL 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 74,163.00 32,223.00 10,942.00
2018-12-31 71,901.00 31,181.00 10,539.00
2018-09-30 70,244.00 29,081.00 11,178.00
2018-06-30 68,898.00 28,048.00 11,016.00
2018-03-31 66,814.00 26,268.00 11,194.00
2017-12-31 66,323.00 26,702.00 10,927.00
2017-09-30 64,343.00 25,403.00 11,384.00
2017-06-30 63,371.00 24,916.00 11,315.00
2017-03-31 61,453.00 23,359.00 11,667.00
2016-12-31 60,647.00 21,661.00 11,328.00
2016-09-30 59,782.00 20,786.00 11,145.00
2016-06-30 59,339.00 22,884.00 8,754.00
2016-03-31 58,738.00 23,157.00 8,194.00
2015-12-31 58,066.00 22,920.00 8,013.00
2015-09-30 57,497.00 22,597.00 7,908.00
2015-06-30 56,308.00 19,690.00 10,226.00
2015-03-31 56,344.00 18,776.00 10,550.00
2014-12-31 56,630.00 17,903.00 10,998.00
2014-09-30 56,226.00 17,355.00 11,126.00
2014-06-30 55,819.00 17,578.00 10,795.00
2014-03-31 55,040.00 16,953.00 10,672.00
2013-12-31 53,188.00 16,999.00 10,555.00
2013-09-30 52,140.00 16,410.00 10,460.00
2013-06-30 51,524.00 14,811.00 10,645.00
2013-03-31 50,351.00 14,212.00 10,447.00
2012-12-31 49,888.00 13,413.00 10,325.00
2012-09-30 48,885.00 -2,945.00 10,156.00
2012-06-30 48,525.00 -3,028.00 10,171.00

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

OBL Health

 How is OBIC'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 OBIC's finances.

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

DB:OBL Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 218,475.00 0.00 119,972.00
2018-12-31 209,765.00 0.00 114,065.00
2018-09-30 208,578.00 0.00 111,105.00
2018-06-30 199,516.00 0.00 107,464.00
2018-03-31 197,394.00 0.00 109,458.00
2017-12-31 191,965.00 0.00 102,951.00
2017-09-30 187,559.00 0.00 101,224.00
2017-06-30 179,939.00 0.00 96,180.00
2017-03-31 177,500.00 0.00 98,121.00
2016-12-31 171,772.00 0.00 88,941.00
2016-09-30 167,310.00 0.00 87,082.00
2016-06-30 159,958.00 0.00 82,502.00
2016-03-31 160,522.00 0.00 82,502.00
2015-12-31 157,946.00 0.00 76,600.00
2015-09-30 155,126.00 0.00 75,269.00
2015-06-30 152,162.00 0.00 69,784.00
2015-03-31 150,584.00 0.00 71,634.00
2014-12-31 144,911.00 0.00 64,882.00
2014-09-30 142,621.00 0.00 66,466.00
2014-06-30 137,393.00 0.00 59,081.00
2014-03-31 134,270.00 0.00 56,415.00
2013-12-31 131,784.00 0.00 50,759.00
2013-09-30 128,637.00 0.00 50,520.00
2013-06-30 122,101.00 0.00 46,733.00
2013-03-31 121,119.00 0.00 46,460.00
2012-12-31 122,591.00 0.00 49,400.00
2012-09-30 119,500.00 0.00 47,614.00
2012-06-30 116,023.00 0.00 44,535.00
  • OBIC has no debt.
  • OBIC has not taken on any debt in the past 5 years.
  • OBIC has no debt, it does not need to be covered by operating cash flow.
  • OBIC has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess OBIC'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. OBIC 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.

OBL Dividends

 What is OBIC'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
1.09%
Current annual income from OBIC dividends. Estimated to be 1.24% next year.
If you bought €2,000 of OBIC shares you are expected to receive €22 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?
  • OBIC's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • OBIC's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:OBL 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 8 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 326 Stocks 3.2%
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:OBL Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 175.71 7.00
2021-03-31 158.33 9.00
2020-03-31 146.44 9.00
DB:OBL Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-23 140.000 1.117
2019-02-06 115.000 1.040
2019-01-29 115.000 1.141
2018-11-06 115.000 1.248
2018-10-29 115.000 1.163
2018-06-29 115.000 1.162
2018-04-25 115.000 1.230
2018-02-06 115.000 1.305
2018-01-25 115.000 1.324
2017-11-02 95.000 1.177
2017-10-30 95.000 1.255
2017-06-30 95.000 1.371
2017-04-25 95.000 1.475
2017-01-27 90.000 1.686
2016-06-29 85.000 1.595
2016-04-25 85.000 1.479
2016-02-05 95.000 1.657
2016-01-27 95.000 1.563
2015-11-05 75.000 1.192
2015-10-21 75.000 1.208
2015-06-29 75.000 1.353
2015-04-23 75.000 1.466
2015-02-05 70.000 1.476
2015-01-27 70.000 1.739
2014-11-05 60.000 1.571
2014-10-23 60.000 1.600
2014-06-30 60.000 1.661
2014-04-24 60.000 1.898
2014-02-05 50.000 1.588
2013-11-06 50.000 1.646
2013-10-21 50.000 1.636
2013-06-28 50.000 1.732
2013-04-24 50.000 1.995
2013-02-12 40.000 1.865
2013-01-24 40.000 2.051
2012-11-14 40.000 2.279
2012-07-30 40.000 2.458
2012-06-29 40.000 2.558
2012-04-25 40.000 2.596
2012-02-14 35.000 2.207
2012-02-03 35.000 2.358
2011-11-10 35.000 2.411
2011-10-28 35.000 2.343
2011-07-25 35.000 2.413
2011-06-30 35.000 2.213
2011-06-10 35.000 2.439
2011-01-28 35.000 2.288
2010-10-27 35.000 2.186
2010-08-06 35.000 2.252
2010-07-27 35.000 2.138
2010-06-28 35.000 2.065
2010-04-26 35.000 1.948
2010-02-10 32.000 1.925
2010-01-26 32.000 1.938
2009-11-12 32.000 2.111
2009-10-27 32.000 2.132
2009-06-25 32.000 2.121

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 OBIC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x 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 OBIC'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 OBIC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OBIC has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OBL Management

 What is the CEO of OBIC'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
Shoichi Tachibana
COMPENSATION ¥195,000,000
AGE 57
TENURE AS CEO 6.1 years
CEO Bio

Mr. Shoichi Tachibana has been the President of OBIC Co., Ltd. since April 2013 and served as its Chief Operating Officer. Mr. Shoichi served as Vice President and General Manager of Overall Solutions Division of OBIC Company Ltd. since April 2008. Mr. Shoichi Joined OBIC Co., Ltd. in April 1985 and served as its Manager of Business Solution Sales 1st Department for Osaka Head Office since April 2000; Manager of Business Solution Promotions Department for Osaka Head Office since April 2001; Manager of Solution Sales Department for Tokyo Head Office Business since February 2003; Manager of Yokohama Branch since August 2003; Managing Director, Assistant General Manager of Overall Solution Division for Tokyo Head Office since April 2005; Manager of Solution Overall Sales and Promotions Department for Tokyo Head Office, In-charge, East Tokyo Region (Yokohama Branch; Kita-Kanto Branch Officer In-charge) since April 2006 and Senior Managing Director, General Manager of Overall Solution Division and General Manager of Overall Promotions Division for Tokyo Head Office since April 2007. He has been a External Director at OBIC Business Consultant Co., Ltd. since June 2009. He has been Representative Director of OBIC Co., Ltd. since April 2013. He served as a Director of OBIC Company Ltd. since April 2008. He served as a Director of OBIC Company Ltd. since June 2004.

CEO Compensation
  • Shoichi's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Shoichi's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

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

7.1
Average Tenure
59.5
Average Age
  • The average tenure for the OBIC management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shoichi Tachibana

TITLE
President & Representative Director
COMPENSATION
¥195M
AGE
57
TENURE
6.1 yrs

Noguchi Moriaki

TITLE
Manager of Overall Ops Dept

Hiroshi Kanoh

TITLE
Senior MD
AGE
66
TENURE
11.1 yrs

Kawanishi Atsushi

TITLE
Managing Director
AGE
60
TENURE
11.1 yrs

Serizawa Kuniaki

TITLE
Senior Managing Director
AGE
67
TENURE
8.1 yrs

Ida Hideshi

TITLE
Head of Industrial Solution Coordination and Director
AGE
57

Takao Fujimoto

TITLE
Executive Officer and Manager of Overall Sales Dept - 5th Tokyo Headquarters Industrial Solutions

Hashimoto Fumio

TITLE
Manager of Industrial Solutions Promotion Department - Marketing Division and Director
AGE
59
TENURE
5 yrs

Sato Noboru

TITLE
Manager of Product Promotion Department - Marketing Division and Director
AGE
59

Mori Takahiro

TITLE
Manager of Finance Solution Promotion Department -Marketing Division and Director
AGE
61
TENURE
4.4 yrs
Board of Directors Tenure

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

8
Average Tenure
60.5
Average Age
  • The tenure for the OBIC board of directors is about average.
Board of Directors

Noda Masahiro

TITLE
Chairman of the Board
COMPENSATION
¥142M
AGE
80
TENURE
16.1 yrs

Shoichi Tachibana

TITLE
President & Representative Director
COMPENSATION
¥195M
AGE
57
TENURE
6.1 yrs

Kawanishi Atsushi

TITLE
Managing Director
AGE
60

Serizawa Kuniaki

TITLE
Senior Managing Director
AGE
67

Ida Hideshi

TITLE
Head of Industrial Solution Coordination and Director
AGE
57
TENURE
4.9 yrs

Hashimoto Fumio

TITLE
Manager of Industrial Solutions Promotion Department - Marketing Division and Director
AGE
59
TENURE
5 yrs

Sato Noboru

TITLE
Manager of Product Promotion Department - Marketing Division and Director
AGE
59
TENURE
10.9 yrs

Mori Takahiro

TITLE
Manager of Finance Solution Promotion Department -Marketing Division and Director
AGE
61
TENURE
11.9 yrs

Noda Mizuki

TITLE
Corporate Advisor and Director
COMPENSATION
¥130M
AGE
84
TENURE
9.9 yrs

Yasumasa Gomi

TITLE
External Director
AGE
75
TENURE
3.9 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 OBIC'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. OBIC 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.

OBL News

Simply Wall St News

OBL Company Info

Description

OBIC Co., Ltd., together with its subsidiaries, provides computer system integration, system support, office automation, and package software services. The company’s system integration services include developing ERP software products to provide integrated administrative systems comprising personnel, payroll, working condition management, marketing, and production systems. Its industry specific solutions consist of various industry and operation-specific systems that offer solutions tailored to the specific features of each business. The company also provides training courses prior to and after introduction of the system; and system support services, including system operation support and maintenance, and hardware maintenance of its products for companies. In addition, it offers office automation services, such as sale of package software, and peripheral equipment and supplies, as well as commissioned processing of printed materials. The company was founded in 1968 and is headquartered in Tokyo, Japan.

Details
Name: OBIC Co., Ltd.
OBL
Exchange: DB
Founded: 1968
¥9,252,995,714
88,950,512
Website: http://www.obic.co.jp
Address: OBIC Co., Ltd.
Obic Building,
2-4-15 Kyobashi,
Tokyo,
104-8328,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4684 Common Stock The Tokyo Stock Exchange JP JPY 18. Dec 1998
OTCPK OBII.F Common Stock Pink Sheets LLC US USD 18. Dec 1998
DB OBL Common Stock Deutsche Boerse AG DE EUR 18. Dec 1998
Number of employees
Current staff
Staff numbers
2,034
OBIC employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:13
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/04/23
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.