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Alps Alpine

DB:ALE
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALE
DB
¥494B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Alps Alpine Co., Ltd. manufactures and sells electronic components worldwide. The last earnings update was 71 days ago. More info.


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ALE Share Price and Events
7 Day Returns
-0.9%
DB:ALE
2.8%
DE Electronic
2.4%
DE Market
1 Year Returns
-7.2%
DB:ALE
-1%
DE Electronic
-6.2%
DE Market
ALE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alps Alpine (ALE) -0.9% 3.3% 6.7% -7.2% 22% 136.8%
DE Electronic 2.8% 4.1% 20.4% -1% 98.9% 101.5%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • ALE underperformed the Electronic industry which returned -1% over the past year.
  • ALE underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
ALE
Industry
5yr Volatility vs Market

ALE Value

 Is Alps Alpine 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 Alps Alpine 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 Alps Alpine.

DB:ALE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
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:ALE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 30.86%) (15.02%))
1.119
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.119 * 5.96%)
6.9%

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

The calculations below outline how an intrinsic value for Alps Alpine 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:ALE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.9%)
2019 26,547.00 Analyst x4 24,833.61
2020 38,810.50 Analyst x4 33,962.36
2021 40,376.00 Analyst x6 33,051.89
2022 41,521.87 Est @ 2.84% 31,796.13
2023 42,375.15 Est @ 2.06% 30,355.19
2024 43,013.70 Est @ 1.51% 28,823.91
2025 43,496.85 Est @ 1.12% 27,266.42
2026 43,868.60 Est @ 0.85% 25,724.59
2027 44,161.05 Est @ 0.67% 24,224.70
2028 44,397.34 Est @ 0.54% 22,782.45
Present value of next 10 years cash flows ¥282,821.24
DB:ALE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥44,397.34 × (1 + 0.23%) ÷ (6.9% – 0.23%)
¥666,995.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥666,995.22 ÷ (1 + 6.9%)10
¥342,267.83
DB:ALE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥282,821.24 + ¥342,267.83
¥625,089.07
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥625,089.07 / 211.11
¥2960.97
DB:ALE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ALE represents 0.0078x of TSE:6770
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0078x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,960.97 x 0.0078
€23.08
Value per share (EUR) From above. €23.08
Current discount Discount to share price of €18.25
= -1 x (€18.25 - €23.08) / €23.08
20.9%

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

Current Discount
Amount off the current price Alps Alpine is available for.
Intrinsic value
21%
Share price is €18.25 vs Future cash flow value of €23.08
Current Discount Checks
For Alps Alpine to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alps Alpine's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alps Alpine's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Alps Alpine's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alps Alpine's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ALE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥154.02
TSE:6770 Share Price ** TSE (2019-04-18) in JPY ¥2341
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Alps Alpine.

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

= TSE:6770 Share Price ÷ EPS (both in JPY)

= 2341 ÷ 154.02

15.2x

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

  • Alps Alpine is good value based on earnings compared to the DE Electronic industry average.
  • Alps Alpine is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Alps Alpine's expected growth come at a high price?
Raw Data
DB:ALE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
25.2%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.2x ÷ 25.2%

0.6x

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

  • Alps Alpine is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Alps Alpine's assets?
Raw Data
DB:ALE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,611.59
TSE:6770 Share Price * TSE (2019-04-18) in JPY ¥2341
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:ALE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6770 Share Price ÷ Book Value per Share (both in JPY)

= 2341 ÷ 1,611.59

1.45x

* Primary Listing of Alps Alpine.

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

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

ALE Future Performance

 How is Alps Alpine expected to perform in the next 1 to 3 years based on estimates from 14 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
25.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alps Alpine expected to grow at an attractive rate?
  • Alps Alpine's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Alps Alpine's earnings growth is expected to exceed the Germany market average.
  • Alps Alpine's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ALE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ALE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 25.2%
DB:ALE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.1%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
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:ALE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ALE Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 906,000 1
2022-03-31 902,000 1
2021-03-31 896,632 91,776 46,014 12
2020-03-31 872,169 88,360 41,878 14
2019-03-31 852,959 84,422 27,486 14
DB:ALE Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 858,589 30,174
2018-09-30 871,519 89,753 39,945
2018-06-30 870,994 44,913
2018-03-31 858,317 70,387 47,390
2017-12-31 845,644 51,138
2017-09-30 809,364 43,462 50,882
2017-06-30 768,064 38,609
2017-03-31 753,262 41,603 34,920
2016-12-31 739,019 30,017
2016-09-30 732,771 46,080 18,776
2016-06-30 754,552 33,030
2016-03-31 774,038 53,958 39,034

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alps Alpine's earnings are expected to grow significantly at over 20% yearly.
  • Alps Alpine's revenue is expected to grow by 2.1% 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:ALE 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 14 Analyst Estimates (S&P Global) See Below

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

DB:ALE Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 223.05 267.09 182.88 14.00
2020-03-31 200.51 247.04 171.85 14.00
2019-03-31 134.40 190.49 109.85 14.00
DB:ALE Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 154.02
2018-09-30 203.90
2018-06-30 229.26
2018-03-31 241.90
2017-12-31 261.04
2017-09-30 259.73
2017-06-30 197.08
2017-03-31 178.25
2016-12-31 153.62
2016-09-30 96.50
2016-06-30 171.35
2016-03-31 206.64

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

ALE Past Performance

  How has Alps Alpine 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 Alps Alpine's growth in the last year to its industry (Electronic).
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.
  • Alps Alpine's year on year earnings growth rate has been positive over the past 5 years.
  • Alps Alpine's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Alps Alpine's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.
Earnings and Revenue History
Alps Alpine'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 Alps Alpine Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ALE Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 858,589.00 30,174.00 95,809.00 19,164.00
2018-09-30 871,519.00 39,945.00 95,657.00 19,164.00
2018-06-30 870,994.00 44,913.00 96,482.00 19,164.00
2018-03-31 858,317.00 47,390.00 95,607.00 19,164.00
2017-12-31 845,644.00 51,138.00 98,162.00 16,067.00
2017-09-30 809,364.00 50,882.00 95,132.00 16,067.00
2017-06-30 768,064.00 38,609.00 91,577.00 16,067.00
2017-03-31 753,262.00 34,920.00 89,462.00 16,067.00
2016-12-31 739,019.00 30,017.00 88,540.00 12,478.00
2016-09-30 732,771.00 18,776.00 85,642.00 12,478.00
2016-06-30 754,552.00 33,030.00 84,808.00 12,478.00
2016-03-31 774,038.00 39,034.00 85,225.00 12,478.00
2015-12-31 782,158.00 43,449.00 85,250.00 14,156.00
2015-09-30 790,365.00 50,927.00 86,693.00 14,156.00
2015-06-30 775,493.00 41,558.00 86,389.00 14,156.00
2015-03-31 748,614.00 34,739.00 84,924.00 14,156.00
2014-12-31 731,605.00 31,698.00 83,800.00 13,033.00
2014-09-30 709,669.00 21,952.00 82,263.00 13,033.00
2014-06-30 695,931.00 16,397.00 82,095.00 13,033.00
2014-03-31 684,362.00 14,311.00 81,701.00 13,033.00
2013-12-31 651,337.00 7,999.00 80,640.00 12,135.00
2013-09-30 610,275.00 936.00 75,914.00 12,135.00
2013-06-30 569,061.00 -4,896.00 71,526.00 12,135.00
2013-03-31 546,423.00 -7,074.00 67,985.00 12,135.00
2012-12-31 538,760.00 -581.00 68,424.00 10,914.00
2012-09-30 534,035.00 374.00 67,886.00 10,914.00
2012-06-30 537,683.00 3,377.00 68,010.00 10,914.00

*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.
  • Alps Alpine has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Alps Alpine used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Alps Alpine's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Alps Alpine'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 Electronic 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.
Alps Alpine has a total score of 1/6, 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.

ALE Health

 How is Alps Alpine'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 Alps Alpine's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alps Alpine is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Alps Alpine's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Alps Alpine'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 5.5x 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 Alps Alpine Company Filings, last reported 3 months ago.

DB:ALE Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 428,882.00 74,212.00 113,800.00
2018-09-30 433,138.00 75,846.00 119,324.00
2018-06-30 414,501.00 75,276.00 118,277.00
2018-03-31 415,871.00 70,420.00 121,554.00
2017-12-31 415,375.00 84,544.00 127,092.00
2017-09-30 391,259.00 78,853.00 116,417.00
2017-06-30 365,238.00 68,612.00 119,906.00
2017-03-31 361,115.00 63,271.00 118,968.00
2016-12-31 354,589.00 60,475.00 112,204.00
2016-09-30 316,830.00 49,515.00 87,314.00
2016-06-30 314,125.00 54,409.00 102,256.00
2016-03-31 331,763.00 54,335.00 117,543.00
2015-12-31 341,218.00 71,846.00 126,894.00
2015-09-30 335,313.00 74,964.00 139,185.00
2015-06-30 299,873.00 104,430.00 131,038.00
2015-03-31 283,697.00 116,199.00 134,783.00
2014-12-31 276,704.00 121,727.00 118,250.00
2014-09-30 247,665.00 122,758.00 113,505.00
2014-06-30 225,418.00 131,441.00 120,247.00
2014-03-31 230,380.00 134,363.00 122,738.00
2013-12-31 234,584.00 115,984.00 88,855.00
2013-09-30 215,278.00 116,753.00 78,906.00
2013-06-30 206,161.00 121,210.00 75,225.00
2013-03-31 199,409.00 124,467.00 76,687.00
2012-12-31
2012-09-30 181,324.00 119,016.00 66,718.00
2012-06-30 183,947.00 109,437.00 69,770.00
  • Alps Alpine's level of debt (17.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (49.5% vs 17.3% today).
  • Debt is well covered by operating cash flow (120.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 1206.4x coverage).
X
Financial health checks
We assess Alps Alpine'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. Alps Alpine 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.

ALE Dividends

 What is Alps Alpine'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 Alps Alpine dividends. Estimated to be 3.05% next year.
If you bought €2,000 of Alps Alpine 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?
  • Alps Alpine's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Alps Alpine'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:ALE 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 14 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 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:ALE Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 73.52 14.00
2020-03-31 69.24 14.00
2019-03-31 51.54 13.00
DB:ALE Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-07 50.000 2.179
2019-01-29 50.000 2.197
2018-11-08 50.000 2.134
2018-10-30 50.000 1.899
2018-08-06 50.000 1.663
2018-07-27 50.000 1.580
2018-06-22 40.000 1.362
2018-04-26 50.000 1.871
2018-02-08 40.000 1.483
2018-01-30 40.000 1.332
2017-11-09 34.000 1.008
2017-10-30 34.000 0.956
2017-06-23 34.000 1.110
2017-04-27 34.000 1.076
2017-02-07 30.000 0.931
2017-01-27 30.000 0.970
2016-11-10 30.000 1.063
2016-10-28 30.000 1.213
2016-06-23 30.000 1.345
2016-04-27 30.000 1.455
2016-02-08 30.000 1.569
2016-01-27 30.000 1.334
2015-11-12 20.000 0.609
2015-10-29 20.000 0.523
2015-06-19 20.000 0.550
2015-04-28 20.000 0.625
2015-02-12 20.000 0.706
2015-01-30 20.000 0.821
2014-11-13 10.000 0.429
2014-10-31 10.000 0.488
2014-07-31 10.000 0.597
2014-06-20 10.000 0.717
2014-04-30 10.000 0.815
2014-03-05 0.000 0.000
2014-02-13 0.000 0.000
2014-01-31 0.000 0.000
2013-10-31 0.000 0.000
2013-08-08 0.000 0.000
2013-07-31 0.000 0.000
2013-06-21 0.000 0.000
2013-04-30 0.000 0.000
2013-02-13 10.000 1.561
2013-01-31 10.000 1.635
2012-11-13 10.000 1.989
2012-10-31 10.000 2.275
2012-07-31 20.000 4.649
2012-06-22 20.000 3.919
2012-04-27 20.000 3.244
2012-02-13 20.000 2.793
2012-01-31 20.000 3.233
2011-11-11 20.000 3.722
2011-07-29 20.000 3.132
2011-06-24 20.000 2.356
2011-05-13 20.000 2.466
2011-02-09 20.000 2.345
2011-01-31 20.000 1.936
2010-11-19 20.000 2.214
2010-08-06 20.000 2.923
2010-06-25 20.000 2.640
2010-05-12 20.000 2.398
2010-02-10 0.000 0.000
2010-02-09 0.000 0.000
2009-11-12 0.000 0.000
2009-11-11 0.000 0.000
2009-08-06 0.000 0.000
2009-08-05 0.000 0.000
2009-06-25 0.000 0.000
2009-05-01 0.000 0.000
2009-04-20 0.000 0.000

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

  • Alps Alpine has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Alps Alpine only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Alps Alpine's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x 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 Alps Alpine'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 Alps Alpine afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alps Alpine 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.

ALE Management

 What is the CEO of Alps Alpine'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
Toshihiro Kuriyama
AGE 61
CEO Bio

Mr. Toshihiro Kuriyama has been the President and Chairman of the Board at ALPS Electric Co. Ltd. since June 2012 and is its CEO and served as its Managing Director since June 2011. Mr. Kuriyama joined Alps Electric in 1980. He served as various positions with Alps Electric, including General Manager of the Business Development Headquarters, the Engineering Headquarters and Component Products Business of Mechatronics, Material and Process Division. Mr. Kuriyama has been a Representative Director at ALPS Electric Co. Ltd. since June 2004.

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

Average tenure and age of the Alps Alpine management team in years:

0.3
Average Tenure
61.5
Average Age
  • The average tenure for the Alps Alpine management team is less than 2 years, this suggests a new team.
Management Team

Masataka Kataoka

TITLE
Executive Advisor & Director
COMPENSATION
¥105M
AGE
72
TENURE
1.8 yrs

Toshihiro Kuriyama

TITLE
President
AGE
61

Toshinori Kobayashi

TITLE
Vice President of Accounting & Finance
TENURE
0.3 yrs

Yasuo Sasao

TITLE
SVP of New Components & Engineering and Director
AGE
59
TENURE
0.3 yrs

Yoichiro Kega

TITLE
VP-Corporate Planing
AGE
58
TENURE
0.3 yrs

Takashi Kimoto

TITLE
EVP of Sales & Marketing and Director
AGE
60
TENURE
7 yrs

Nobuhiko Komeya

TITLE
Senior EVP & Representative Director
AGE
63

Yoshitada Amagishi

TITLE
Senior Vice President of Production & Director
AGE
62
TENURE
2.8 yrs

Koichi Endo

TITLE
Senior Vice President & Director
AGE
74
TENURE
0.3 yrs

Yoji Kawarada

TITLE
Senior Vice President
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Alps Alpine board of directors in years:

6.8
Average Tenure
61.5
Average Age
  • The tenure for the Alps Alpine board of directors is about average.
Board of Directors

Masataka Kataoka

TITLE
Executive Advisor & Director
COMPENSATION
¥105M
AGE
72

Toshihiro Kuriyama

TITLE
President
AGE
61
TENURE
6.8 yrs

Yasuo Sasao

TITLE
SVP of New Components & Engineering and Director
AGE
59

Yoichiro Kega

TITLE
VP-Corporate Planing
AGE
58
TENURE
2.8 yrs

Takashi Kimoto

TITLE
EVP of Sales & Marketing and Director
AGE
60
TENURE
10.8 yrs

Nobuhiko Komeya

TITLE
Senior EVP & Representative Director
AGE
63

Yoshitada Amagishi

TITLE
Senior Vice President of Production & Director
AGE
62
TENURE
10.8 yrs

Koichi Endo

TITLE
Senior Vice President & Director
AGE
74
TENURE
0.3 yrs

Hitoshi Edagawa

TITLE
VP of Production Engineering & Production and Director

Takeshi Daiomaru

TITLE
VP of New Business & Consumer Modules

Akihiko Okayasu

TITLE
VP of Material Control & Production and Director
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 Alps Alpine'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. Alps Alpine 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.

ALE News

Simply Wall St News

ALE Company Info

Description

Alps Alpine Co., Ltd. manufactures and sells electronic components worldwide. The company offers sensors, switches, encoders, potentiometers, connectors, communication modules, multi control devices, aspherical glass lenses, power inductors, toroidal coils, actuators, reactors, printers, touch input devices, and energy harvesters; mobile media solutions; and logistics services. It primarily serves the automotive, home and mobile, healthcare, and environment and energy markets. The company was formerly known as Alps Electric Co., Ltd. and changed its name to Alps Alpine Co., Ltd.in January 2019. Alps Alpine Co., Ltd. was founded in 1948 and is headquartered in Tokyo, Japan.

Details
Name: Alps Alpine Co., Ltd.
ALE
Exchange: DB
Founded: 1948
¥3,926,104,874
211,109,381
Website: http://www.alps.com
Address: Alps Alpine Co., Ltd.
1-7, Yukigaya-otsukamachi,
Ota-ku,
Tokyo,
145-8501,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6770 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK APEL.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB ALE Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK APEL.Y UNSPONSORED ADR Pink Sheets LLC US USD 19. Nov 1992
Number of employees
Current staff
Staff numbers
42,289
Alps Alpine employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:41
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/02/07
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.