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Maxell Holdings

DB:0H2
Snowflake Description

Excellent balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0H2
DB
¥89B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Maxell Holdings, Ltd., through its subsidiaries, manufactures and sells energy products, industrial materials, and electronic appliance/consumer products in Japan and internationally. The last earnings update was 75 days ago. More info.


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0H2 Share Price and Events
7 Day Returns
1.4%
DB:0H2
2.1%
DE Tech
1%
DE Market
1 Year Returns
-18.5%
DB:0H2
1.5%
DE Tech
-5.6%
DE Market
0H2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maxell Holdings (0H2) 1.4% 5.5% 8.3% -18.5% -0.9% -
DE Tech 2.1% 5.1% 11.9% 1.5% 71.5% 110.7%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • 0H2 underperformed the Tech industry which returned 1.5% over the past year.
  • 0H2 underperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
0H2
Industry
5yr Volatility vs Market
Related Companies

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

0H2 Value

 Is Maxell Holdings 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 Maxell Holdings 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 Maxell Holdings.

DB:0H2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
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:0H2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 30.86%) (4.36%))
1.052
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.052 * 5.96%)
6.5%

Discounted Cash Flow Calculation for DB:0H2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Maxell Holdings 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:0H2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.5%)
2019 2,043.33 Analyst x3 1,918.70
2020 4,650.00 Analyst x2 4,100.07
2021 4,792.33 Analyst x3 3,967.84
2022 4,896.81 Est @ 2.18% 3,807.06
2023 4,974.89 Est @ 1.59% 3,631.86
2024 5,033.82 Est @ 1.18% 3,450.74
2025 5,079.01 Est @ 0.9% 3,269.35
2026 5,114.39 Est @ 0.7% 3,091.33
2027 5,142.83 Est @ 0.56% 2,918.93
2028 5,166.37 Est @ 0.46% 2,753.44
Present value of next 10 years cash flows ¥32,909.30
DB:0H2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥5,166.37 × (1 + 0.23%) ÷ (6.5% – 0.23%)
¥82,619.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥82,619.76 ÷ (1 + 6.5%)10
¥44,032.52
DB:0H2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥32,909.30 + ¥44,032.52
¥76,941.82
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥76,941.82 / 52.84
¥1456.11
DB:0H2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0H2 represents 0.00784x of TSE:6810
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00784x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,456.11 x 0.00784
€11.42
Value per share (EUR) From above. €11.42
Current discount Discount to share price of €13.17
= -1 x (€13.17 - €11.42) / €11.42
-15.4%

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

  • The current share price of Maxell Holdings 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 Maxell Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maxell Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0H2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥68.62
TSE:6810 Share Price ** TSE (2019-04-24) in JPY ¥1680
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.1x
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 Maxell Holdings.

DB:0H2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6810 Share Price ÷ EPS (both in JPY)

= 1680 ÷ 68.62

24.48x

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

  • Maxell Holdings is overvalued based on earnings compared to the Europe Tech industry average.
  • Maxell Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Maxell Holdings's expected growth come at a high price?
Raw Data
DB:0H2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
10.2%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:0H2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.48x ÷ 10.2%

2.39x

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

  • Maxell Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Maxell Holdings's assets?
Raw Data
DB:0H2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥2,278.79
TSE:6810 Share Price * TSE (2019-04-24) in JPY ¥1680
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.28x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:0H2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6810 Share Price ÷ Book Value per Share (both in JPY)

= 1680 ÷ 2,278.79

0.74x

* Primary Listing of Maxell Holdings.

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

  • Maxell Holdings is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Maxell Holdings'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Maxell Holdings has a total score of 1/6, 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.

0H2 Future Performance

 How is Maxell Holdings expected to perform in the next 1 to 3 years based on estimates from 5 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
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maxell Holdings expected to grow at an attractive rate?
  • Maxell Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Maxell Holdings's earnings growth is positive but not above the Germany market average.
  • Maxell Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0H2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0H2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 10.2%
DB:0H2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.1%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
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:0H2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0H2 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 164,098 11,725 5,408 5
2020-03-31 159,325 10,492 5,072 5
2019-03-31 149,038 8,451 4,640 5
DB:0H2 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 144,466 3,626
2018-09-30 145,807 3,159 5,090
2018-06-30 148,521 6,781
2018-03-31 148,198 7,797 7,127
2017-12-31 145,955 9,015
2017-09-30 142,121 12,369 8,132
2017-06-30 135,961 6,788
2017-03-31 135,116 11,971 5,724
2016-12-31 138,106 3,389
2016-09-30 143,645 9,932 2,765
2016-06-30 151,579 3,176
2016-03-31 156,216 14,353 3,931

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Maxell Holdings's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Maxell Holdings's revenue is expected to grow by 5.1% 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:0H2 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 5 Analyst Estimates (S&P Global) See Below

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

DB:0H2 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 102.34 151.40 73.62 5.00
2020-03-31 95.98 153.30 70.21 5.00
2019-03-31 87.81 124.90 73.80 5.00
DB:0H2 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 68.62
2018-09-30 96.33
2018-06-30 128.33
2018-03-31 134.88
2017-12-31 170.61
2017-09-30 153.90
2017-06-30 128.46
2017-03-31 108.32
2016-12-31 64.14
2016-09-30 52.33
2016-06-30 60.10
2016-03-31 74.39

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

0H2 Past Performance

  How has Maxell Holdings 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 Maxell Holdings's growth in the last year to its industry (Tech).
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.
  • Maxell Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Maxell Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Maxell Holdings's 1-year earnings growth is negative, it can't be compared to the Europe Tech industry average.
Earnings and Revenue History
Maxell Holdings'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 Maxell Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0H2 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 144,466.00 3,626.00 24,973.00
2018-09-30 145,807.00 5,090.00 24,793.00
2018-06-30 148,521.00 6,781.00 24,645.00
2018-03-31 148,198.00 7,127.00 24,471.00
2017-12-31 145,955.00 9,015.00 23,412.00
2017-09-30 142,121.00 8,132.00 22,604.00
2017-06-30 135,961.00 6,788.00 21,931.00
2017-03-31 135,116.00 5,724.00 21,749.00
2016-12-31 138,106.00 3,389.00 21,648.00
2016-09-30 143,645.00 2,765.00 22,380.00
2016-06-30 151,579.00 3,176.00 23,481.00
2016-03-31 156,216.00 3,931.00 24,335.00
2015-12-31 157,603.00 11,131.00 24,059.00
2015-09-30 159,077.00 7,923.00 24,527.00
2015-06-30 157,498.00 7,502.00 24,546.00
2015-03-31 156,033.00 6,820.00 24,432.00
2014-12-31 155,938.00 1,474.00 25,072.00
2014-03-31 148,481.00 7,432.00 24,191.00
2013-03-31 109,234.00 490.00 19,432.00

*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.
  • Maxell Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Maxell Holdings used its assets less efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Maxell Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Maxell Holdings'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 Tech 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.
Maxell Holdings has a total score of 0/6, 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.

0H2 Health

 How is Maxell Holdings'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 Maxell Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maxell Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maxell Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Maxell Holdings'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.
  • Debt is covered by short term assets, assets are 22.5x debt.
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 Maxell Holdings Company Filings, last reported 3 months ago.

DB:0H2 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 122,276.00 3,869.00 21,095.00
2018-09-30 123,963.00 3,878.00 43,229.00
2018-06-30 122,505.00 2,149.00 41,380.00
2018-03-31 122,794.00 612.00 45,920.00
2017-12-31 125,265.00 430.00 47,672.00
2017-09-30 122,956.00 439.00 47,107.00
2017-06-30 119,082.00 448.00 45,098.00
2017-03-31 118,140.00 766.00 51,930.00
2016-12-31 115,449.00 465.00 42,019.00
2016-09-30 110,561.00 474.00 40,279.00
2016-06-30 109,535.00 483.00 39,245.00
2016-03-31 113,826.00 721.00 42,017.00
2015-12-31 118,979.00 491.00 40,139.00
2015-09-30 119,426.00 492.00 40,459.00
2015-06-30 119,310.00 487.00 35,300.00
2015-03-31 118,743.00 325.00 38,770.00
2014-12-31 111,699.00 2,314.00 20,707.00
2014-03-31 112,274.00 1,700.00 16,301.00
2013-03-31 123,792.00 1,633.00 6,538.00
  • Maxell Holdings's level of debt (3.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.5% vs 3.2% today).
  • Debt is well covered by operating cash flow (81.6%, greater than 20% of total debt).
  • Maxell Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Maxell Holdings'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. Maxell Holdings has a total score of 5/6, 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.

0H2 Dividends

 What is Maxell Holdings'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
2.14%
Current annual income from Maxell Holdings dividends. Estimated to be 2.64% next year.
If you bought €2,000 of Maxell Holdings shares you are expected to receive €43 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?
  • Maxell Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Maxell Holdings'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:0H2 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 5 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.4%
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:0H2 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 45.40 5.00
2020-03-31 43.40 5.00
2019-03-31 43.00 5.00
DB:0H2 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-08 36.000 2.210
2018-10-30 36.000 2.358
2018-07-31 36.000 2.073
2018-06-26 36.000 1.985
2018-04-27 36.000 1.995
2018-02-13 36.000 1.712
2018-01-30 36.000 1.528
2017-11-09 36.000 1.467
2017-10-27 36.000 1.382
2017-06-27 36.000 1.460
2017-04-27 36.000 1.641
2017-02-10 36.000 1.716
2017-01-27 36.000 1.600
2016-11-09 36.000 1.776
2016-10-27 36.000 1.923
2016-06-28 36.000 2.321
2016-04-28 36.000 2.330
2016-02-10 36.000 2.122
2016-01-28 36.000 2.123
2015-11-10 36.000 1.771
2015-10-26 36.000 1.729
2015-06-26 36.000 1.909
2015-04-28 36.000 1.798
2015-02-13 63.000 3.087
2015-01-29 63.000 3.207
2014-11-13 63.000 3.362
2014-10-27 63.000 3.667
2014-06-24 63.000 3.582
2014-04-28 63.000 3.538
2014-03-18 7.860 0.438
2010-02-10 20.000 1.139
2010-01-27 20.000 1.146
2009-11-12 20.000 1.193
2009-10-27 20.000 1.184
2009-04-27 40.000 2.965

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Maxell Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x 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 Maxell Holdings'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 Maxell Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maxell Holdings 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.

0H2 Management

 What is the CEO of Maxell Holdings'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
Yoshiharu Katsuta
AGE 62
TENURE AS CEO 2.8 years
CEO Bio

Mr. Yoshiharu Katsuta has been the Chief Executive Officer and President of Hitachi Maxell Ltd. since June 28, 2016. Mr. Katsuta has been the President of Hitachi Vehicle Energy, Ltd. since April 2013. He served as Senior Vice President and Executive Officer of Hitachi Maxell Ltd. from April 1, 2016 to June 28, 2016. Mr. Katsuta served as Vice President and Executive Officer of Rechargeable Battery at Hitachi Maxell Ltd. Mr. Katsuta served as Executive Officer of Energy Solution Operations at Hitachi Maxell Ltd. He has been Representative Director of Hitachi Maxell Ltd. since June 28, 2016.

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

Average tenure of the Maxell Holdings management team in years:

1
Average Tenure
  • The average tenure for the Maxell Holdings management team is less than 2 years, this suggests a new team.
Management Team

Yoshiharu Katsuta

TITLE
President
AGE
62
TENURE
2.8 yrs

Kazuhiro Kaizaki

TITLE
Executive Officer of Special Assignments
AGE
59
TENURE
1 yrs

Seiji Sumoto

TITLE
Executive Officer
TENURE
1 yrs

Osamu Onodera

TITLE
Executive Officer
TENURE
3 yrs

Hiroyuki Suzuki

TITLE
Executive Officer of Risk Management & Special Assignments
TENURE
1 yrs

Hiroshi Ikeuchi

TITLE
Executive Officer of Next Generation Business
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Maxell Holdings board of directors in years:

2.8
Average Tenure
65
Average Age
  • The average tenure for the Maxell Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yoshihiro Senzai

TITLE
Chairman
AGE
70
TENURE
2.8 yrs

Yoshiharu Katsuta

TITLE
President
AGE
62
TENURE
2.8 yrs

Meiro Iwasaki

TITLE
Director
AGE
67
TENURE
8.8 yrs

Katsunori Ikegami

TITLE
Director
AGE
61
TENURE
2.8 yrs

Wataru Kitao

TITLE
Outside Director
AGE
68
TENURE
2.8 yrs

Keiji Nakamura

TITLE
Director
AGE
52
TENURE
0.8 yrs

Tatsuhiko Izumi

TITLE
Outside Director
AGE
66
TENURE
0.8 yrs

Shinobu Watanabe

TITLE
Outside Director
AGE
64
TENURE
0.8 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 Maxell Holdings'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. Maxell Holdings 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.

0H2 News

Simply Wall St News

0H2 Company Info

Description

Maxell Holdings, Ltd., through its subsidiaries, manufactures and sells energy products, industrial materials, and electronic appliance/consumer products in Japan and internationally. It offers primary batteries, including coin type lithium, cylindrical type lithium, and silver oxide batteries; and rechargeable batteries, such as lithium-ion, coin type lithium-ion rechargeable, coin type lithium manganese dioxide rechargeable, and button type titanium carbon lithium rechargeable batteries, as well as battery units. The company also provides metal masks, precision screen and photoelectron multiplier copper mesh products, precision parts/jigs, and precision electronic components; and wellness and beauty care products, including beauty household appliances and healthy apparatus. In addition, it offers videocassettes for broadcasting and computer tapes; and cloth tapes, masking/filament reinforced tapes, butyl tapes, double coated tapes, metal foil tapes, film tapes/others, inks, and functional films. Further, the company provides display equipment, including projectors and switchers; optical components, such as standard and variant lens for automotive headlamps, light guides for automotive headlamps, automotive lens, smartphone camera lens, and camera barrel parts; and automotive lens units, as well as other lens units comprising biometrics authentication modules, zoom lens units, and lens for optical communication. The company was formerly known as Hitachi Maxell, Ltd. and changed its name to Maxell Holdings, Ltd. in October 2017. The company was founded in 1960 and is based in Kyoto, Japan.

Details
Name: Maxell Holdings, Ltd.
0H2
Exchange: DB
Founded: 1960
¥709,466,182
52,840,834
Website: http://www2.maxell.co.jp
Address: Maxell Holdings, Ltd.
1 Koizumi, Oyamazaki,
Oyamazaki-cho,
Kyoto,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6810 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB 0H2 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
4,045
Maxell Holdings employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:51
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/02/08
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.