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Hirose ElectricLtd

DB:HRO
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HRO
DB
¥475B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Hirose Electric Co.,Ltd. manufactures and sells connectors in Japan and internationally. The last earnings update was 65 days ago. More info.


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HRO Share Price and Events
7 Day Returns
4%
DB:HRO
2.8%
DE Electronic
2.4%
DE Market
1 Year Returns
-11.4%
DB:HRO
-1%
DE Electronic
-6.2%
DE Market
HRO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hirose ElectricLtd (HRO) 4% 10.5% 11.4% -11.4% -10.2% 0.6%
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
  • HRO underperformed the Electronic industry which returned -1% over the past year.
  • HRO underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
HRO
Industry
5yr Volatility vs Market

Value

 Is Hirose ElectricLtd 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 Hirose ElectricLtd 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 Hirose ElectricLtd.

DB:HRO 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 6.5%
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:HRO
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%) (0%))
1.045
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% + (1.045 * 5.96%)
6.46%

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

The calculations below outline how an intrinsic value for Hirose ElectricLtd 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:HRO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.46%)
2019 12,709.40 Analyst x5 11,938.53
2020 15,696.14 Analyst x7 13,849.83
2021 16,354.21 Analyst x7 13,555.24
2022 16,835.82 Est @ 2.94% 13,108.03
2023 17,194.39 Est @ 2.13% 12,575.22
2024 17,462.49 Est @ 1.56% 11,996.68
2025 17,665.04 Est @ 1.16% 11,399.75
2026 17,820.54 Est @ 0.88% 10,802.58
2027 17,942.55 Est @ 0.68% 10,216.83
2028 18,040.81 Est @ 0.55% 9,649.70
Present value of next 10 years cash flows ¥119,092.40
DB:HRO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥18,040.81 × (1 + 0.23%) ÷ (6.46% – 0.23%)
¥290,286.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥290,286.69 ÷ (1 + 6.46%)10
¥155,269.14
DB:HRO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥119,092.40 + ¥155,269.14
¥274,361.53
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥274,361.53 / 36.46
¥7524.42
DB:HRO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HRO represents 0.00769x of TSE:6806
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00769x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 7,524.42 x 0.00769
€57.83
Value per share (EUR) From above. €57.83
Current discount Discount to share price of €100.22
= -1 x (€100.22 - €57.83) / €57.83
-73.3%

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

  • The current share price of Hirose ElectricLtd 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 Hirose ElectricLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hirose ElectricLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HRO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥512.62
TSE:6806 Share Price ** TSE (2019-04-18) in JPY ¥13040
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 Hirose ElectricLtd.

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

= TSE:6806 Share Price ÷ EPS (both in JPY)

= 13040 ÷ 512.62

25.44x

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

  • Hirose ElectricLtd is overvalued based on earnings compared to the DE Electronic industry average.
  • Hirose ElectricLtd is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Hirose ElectricLtd's expected growth come at a high price?
Raw Data
DB:HRO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
3.2%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:HRO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.44x ÷ 3.2%

7.91x

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

  • Hirose ElectricLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hirose ElectricLtd's assets?
Raw Data
DB:HRO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥8,376.78
TSE:6806 Share Price * TSE (2019-04-18) in JPY ¥13040
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:HRO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6806 Share Price ÷ Book Value per Share (both in JPY)

= 13040 ÷ 8,376.78

1.56x

* Primary Listing of Hirose ElectricLtd.

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

  • Hirose ElectricLtd is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Hirose ElectricLtd'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. Hirose ElectricLtd 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.

Future Performance

 How is Hirose ElectricLtd 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
3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hirose ElectricLtd expected to grow at an attractive rate?
  • Hirose ElectricLtd's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hirose ElectricLtd's earnings growth is positive but not above the Germany market average.
  • Hirose ElectricLtd's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HRO Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HRO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 3.2%
DB:HRO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 3.1%
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:HRO 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:HRO Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 133,217 31,834 19,974 12
2020-03-31 128,361 30,908 18,994 14
2019-03-31 125,095 30,648 18,721 13
DB:HRO Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 126,607 18,526
2018-09-30 125,265 26,480 17,936
2018-06-30 124,286 18,597
2018-03-31 125,280 29,289 19,526
2017-12-31 124,259 21,429
2017-09-30 119,906 30,204 22,141
2017-06-30 116,930 21,127
2017-03-31 115,103 28,093 21,356
2016-12-31 113,833 20,126
2016-09-30 116,226 29,924 19,541
2016-06-30 117,703 21,177
2016-03-31 120,284 36,037 21,104

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hirose ElectricLtd's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
  • Hirose ElectricLtd's revenue is expected to grow by 3.1% 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:HRO 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 Hirose ElectricLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HRO Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 550.13 626.07 457.67 13.00
2020-03-31 519.50 593.08 435.70 15.00
2019-03-31 508.25 546.60 451.30 14.00
DB:HRO Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 512.62
2018-09-30 502.35
2018-06-30 527.45
2018-03-31 560.85
2017-12-31 615.77
2017-09-30 635.85
2017-06-30 606.01
2017-03-31 611.81
2016-12-31 575.80
2016-09-30 557.08
2016-06-30 601.04
2016-03-31 596.31

*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.
  • Hirose ElectricLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hirose ElectricLtd'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.
Hirose ElectricLtd has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

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

DB:HRO Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 126,607.00 18,526.00 21,769.00 7,983.00
2018-09-30 125,265.00 17,936.00 21,434.00 7,983.00
2018-06-30 124,286.00 18,597.00 20,871.00 7,983.00
2018-03-31 125,280.00 19,526.00 20,235.00 7,983.00
2017-12-31 124,259.00 21,429.00 20,965.00 6,686.00
2017-09-30 119,906.00 22,141.00 20,061.00 6,686.00
2017-06-30 116,930.00 21,127.00 19,241.00 6,686.00
2017-03-31 115,103.00 21,356.00 18,100.00 6,686.00
2016-12-31 113,833.00 20,126.00 17,050.00 7,017.00
2016-09-30 116,226.00 19,541.00 17,162.00 7,017.00
2016-06-30 117,703.00 21,177.00 17,314.00 7,017.00
2016-03-31 120,284.00 21,104.00 17,813.00 7,017.00
2015-12-31 123,842.00 22,816.00 18,829.00 6,192.00
2015-09-30 124,563.00 23,345.00 18,472.00 6,192.00
2015-06-30 124,993.00 22,934.00 17,617.00 6,192.00
2015-03-31 125,726.00 22,948.00 16,959.00 6,192.00
2014-12-31 124,590.00 22,285.00 16,798.00 5,926.00
2014-09-30 125,716.00 22,127.00 16,652.00 5,926.00
2014-06-30 126,226.00 22,267.00 16,514.00 5,926.00
2014-03-31 124,987.00 22,439.00 16,086.00 5,926.00
2013-12-31 119,158.00 20,793.00 15,490.00 5,569.00
2013-09-30 110,835.00 18,313.00 14,427.00 5,569.00
2013-06-30 102,568.00 15,529.00 13,645.00 5,569.00
2013-03-31 95,938.00 13,508.00 12,880.00 5,569.00
2012-12-31 93,530.00 12,275.00 13,093.00 5,289.00
2012-09-30 92,378.00 12,241.00 12,898.00 5,289.00
2012-06-30 93,032.00 12,416.00 12,821.00 5,289.00

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

Health

 How is Hirose ElectricLtd'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 Hirose ElectricLtd's finances.

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

DB:HRO Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 305,860.00 0.00 51,678.00
2018-09-30 308,910.00 0.00 60,392.00
2018-06-30 300,896.00 0.00 65,869.00
2018-03-31 303,781.00 0.00 199,665.00
2017-12-31 305,138.00 0.00 200,954.00
2017-09-30 304,271.00 0.00 207,163.00
2017-06-30 297,174.00 0.00 206,691.00
2017-03-31 296,292.00 0.00 207,133.00
2016-12-31 290,621.00 0.00 204,044.00
2016-09-30 285,135.00 0.00 205,519.00
2016-06-30 279,937.00 0.00 196,085.00
2016-03-31 285,828.00 0.00 191,957.00
2015-12-31 285,401.00 0.00 182,718.00
2015-09-30 291,705.00 0.00 188,930.00
2015-06-30 290,919.00 0.00 178,459.00
2015-03-31 288,300.00 0.00 173,780.00
2014-12-31 285,217.00 0.00 166,103.00
2014-09-30 280,833.00 0.00 162,368.00
2014-06-30 271,322.00 0.00 155,894.00
2014-03-31 269,162.00 0.00 156,563.00
2013-12-31 269,004.00 0.00 150,009.00
2013-09-30 262,850.00 0.00 148,662.00
2013-06-30 255,716.00 0.00 144,417.00
2013-03-31 252,065.00 0.00 143,464.00
2012-12-31 246,073.00 0.00 139,687.00
2012-09-30 243,253.00 0.00 142,897.00
2012-06-30 239,200.00 0.00 139,270.00
  • Hirose ElectricLtd has no debt.
  • Hirose ElectricLtd has not taken on any debt in the past 5 years.
  • Hirose ElectricLtd has no debt, it does not need to be covered by operating cash flow.
  • Hirose ElectricLtd has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hirose ElectricLtd'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. Hirose ElectricLtd has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Hirose ElectricLtd'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
1.84%
Current annual income from Hirose ElectricLtd dividends. Estimated to be 1.92% next year.
If you bought €2,000 of Hirose ElectricLtd shares you are expected to receive €37 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?
  • Hirose ElectricLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Hirose ElectricLtd'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:HRO 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:HRO Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 255.46 13.00
2020-03-31 246.43 14.00
2019-03-31 240.00 14.00
DB:HRO Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 240.000 2.024
2019-02-06 240.000 2.031
2018-11-09 240.000 2.125
2018-11-02 240.000 2.030
2018-06-27 240.000 1.946
2018-05-08 240.000 1.673
2018-02-09 240.000 1.574
2018-01-30 240.000 1.508
2017-11-08 240.000 1.426
2017-10-31 240.000 1.406
2017-06-27 240.000 1.514
2017-04-28 240.000 1.570
2017-02-06 240.000 1.583
2017-01-30 240.000 1.637
2016-11-08 240.000 1.702
2016-10-31 240.000 1.789
2016-06-22 240.000 1.839
2016-04-28 240.000 1.828
2016-02-05 240.000 1.877
2016-01-29 240.000 1.835
2015-11-06 240.000 1.665
2015-10-29 240.000 1.617
2015-06-26 240.000 1.642
2015-04-28 240.000 1.363
2015-02-06 230.000 1.445
2015-01-30 230.000 1.703
2014-11-07 230.000 1.616
2014-10-31 230.000 1.641
2014-06-27 230.000 1.675
2014-05-08 230.000 1.577
2014-01-31 220.000 1.534
2013-11-08 180.000 1.190
2013-10-31 180.000 1.214
2013-07-31 160.000 1.124
2013-06-27 140.000 1.034
2013-05-08 160.000 1.203
2013-01-31 140.000 1.159
2012-10-31 140.000 1.448
2012-07-31 140.000 1.642
2012-06-28 140.000 1.804
2012-05-08 140.000 1.881
2012-02-09 150.000 1.802
2012-02-01 110.000 1.453
2011-11-10 110.000 1.582
2011-11-04 110.000 1.549
2011-08-01 150.000 2.091
2011-06-29 150.000 1.878
2011-05-09 150.000 1.845
2011-02-10 150.000 1.717
2011-02-07 150.000 1.636
2010-11-12 150.000 1.693
2010-11-09 150.000 1.820
2010-08-05 150.000 1.775
2010-06-29 150.000 1.747
2010-05-13 150.000 1.742
2009-11-10 120.000 1.230
2009-06-26 120.000 1.158
2009-05-13 120.000 1.155
2009-04-20 100.000 0.976

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 Hirose ElectricLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x 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 Hirose ElectricLtd'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 Hirose ElectricLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hirose ElectricLtd has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Hirose ElectricLtd'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
Kazunori Ishii
CEO Bio

Mr. Kazunori Ishii serves as the President and Representative Director of Hirose Electric Co. Ltd. and served as its a Senior Managing Director. Mr. Ishii served as the President and Representative Director of HST Co., Ltd.

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

Kazunori Ishii

TITLE
President & Representative Director

Kazuyuki Iizuka

TITLE
Group President of Administration & Director
TENURE
3.8 yrs

Makoto Kondo

TITLE
Group President of Sales & Marketing
TENURE
3.8 yrs

Mitsuo Nakamura

TITLE
Group President of Engineering

Hiroaki Okano

TITLE
Deputy Group President of Engineering & Director

Tatsuya Arai

TITLE
Head of 510 Strategy Office & Operating Officer

Yukio Kiriya

TITLE
Group President of Production & Director
Board of Directors

Kazunori Ishii

TITLE
President & Representative Director

Kazuyuki Iizuka

TITLE
Group President of Administration & Director

Makoto Kondo

TITLE
Group President of Sales & Marketing

Mitsuo Nakamura

TITLE
Group President of Engineering

Hiroaki Okano

TITLE
Deputy Group President of Engineering & Director

Yukio Kiriya

TITLE
Group President of Production & Director

Kensuke Hotta

TITLE
Outside Director

Tetsuji Motonaga

TITLE
Outside Director

Sang-Yeob Lee

TITLE
Director
TENURE
1.3 yrs

Terukazu Sugishima

TITLE
Outside Audit & Supervisory Board Member
AGE
68
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 Hirose ElectricLtd'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. Hirose ElectricLtd has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Hirose Electric Co.,Ltd. manufactures and sells connectors in Japan and internationally. The company offers multi-pin connectors, including circular and rectangular connectors; connectors for ribbon cables; connectors used for printed circuit boards comprising flexible printed circuit boards; and nylon connectors for use in a range of fields, such as smartphones, communications equipment, and automotive electronics, as well as in industrial fields, such as measuring and control equipment, FA equipment, and medical electronics equipment. The company also provides coaxial connectors for microwave and other high-frequency signals; optical fiber connectors; and coaxial switches used in various applications, which include microwave communications devices, satellite communications equipment, electronic measuring instruments, smartphones, switching and transmission equipment, and other electronic equipment. In addition, it provides medical electronics and health equipment, such as interference wave EMSs, micro switches, and instruments for connectors. The company was formerly known as Hirose Manufacturing Co., Ltd. and changed its name to Hirose Electric Co.,Ltd. in August 1963. Hirose Electric Co.,Ltd. was founded in 1937 and is headquartered in Tokyo, Japan.

Details
Name: Hirose Electric Co.,Ltd.
HRO
Exchange: DB
Founded: 1937
¥3,777,293,227
36,462,812
Website: http://www.hirose.com
Address: Hirose Electric Co.,Ltd.
5-23. Osaki 5-chome,
shinagawa-ku,
Tokyo,
141-8587,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6806 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB HRO Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
4,597
Hirose ElectricLtd employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/02/13
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.