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Oki Electric Industry

DB:OKI
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OKI
DB
¥116B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Oki Electric Industry Co., Ltd. manufactures and sells products, technologies, software, and solutions for the telecommunications and information systems in Japan and internationally. The last earnings update was 63 days ago. More info.


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OKI Share Price and Events
7 Day Returns
-1.9%
DB:OKI
3.4%
DE Electronic
2.5%
DE Market
1 Year Returns
-4.2%
DB:OKI
-1.9%
DE Electronic
-6.7%
DE Market
OKI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oki Electric Industry (OKI) -1.9% 0.2% -5.4% -4.2% -17% -27.6%
DE Electronic 3.4% 4.8% 23% -1.9% 95% 89.5%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • OKI underperformed the Electronic industry which returned -1.9% over the past year.
  • OKI outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
OKI
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Oki Electric Industry 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 Oki Electric Industry 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 Oki Electric Industry.

DB:OKI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
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:OKI
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%) (74.77%))
1.414
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.414 * 5.96%)
8.66%

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

The calculations below outline how an intrinsic value for Oki Electric Industry 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:OKI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.66%)
2019 8,400.00 Analyst x1 7,730.67
2020 10,900.00 Analyst x1 9,232.14
2021 12,300.00 Analyst x1 9,587.81
2022 13,348.24 Est @ 8.52% 9,575.82
2023 14,153.67 Est @ 6.03% 9,344.57
2024 14,761.18 Est @ 4.29% 8,969.11
2025 15,214.78 Est @ 3.07% 8,508.09
2026 15,552.46 Est @ 2.22% 8,003.93
2027 15,804.73 Est @ 1.62% 7,485.65
2028 15,994.99 Est @ 1.2% 6,972.11
Present value of next 10 years cash flows ¥85,409.90
DB:OKI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥15,994.99 × (1 + 0.23%) ÷ (8.66% – 0.23%)
¥190,170.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥190,170.01 ÷ (1 + 8.66%)10
¥82,893.86
DB:OKI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥85,409.90 + ¥82,893.86
¥168,303.76
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥168,303.76 / 86.51
¥1945.5
DB:OKI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OKI represents 0.00774x of TSE:6703
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00774x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,945.50 x 0.00774
€15.07
Value per share (EUR) From above. €15.07
Current discount Discount to share price of €10.35
= -1 x (€10.35 - €15.07) / €15.07
31.3%

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

Current Discount
Amount off the current price Oki Electric Industry is available for.
Intrinsic value
31%
Share price is €10.35 vs Future cash flow value of €15.07
Current Discount Checks
For Oki Electric Industry to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Oki Electric Industry's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Oki Electric Industry'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 Oki Electric Industry's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oki Electric Industry's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OKI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥114.52
TSE:6703 Share Price ** TSE (2019-04-18) in JPY ¥1337
Germany Electronic Industry PE Ratio Median Figure of 14 Publicly-Listed Electronic Companies 21.3x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of Oki Electric Industry.

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

= TSE:6703 Share Price ÷ EPS (both in JPY)

= 1337 ÷ 114.52

11.68x

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

  • Oki Electric Industry is good value based on earnings compared to the DE Electronic industry average.
  • Oki Electric Industry is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Oki Electric Industry's expected growth come at a high price?
Raw Data
DB:OKI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
13.8%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:OKI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.68x ÷ 13.8%

0.84x

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

  • Oki Electric Industry is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Oki Electric Industry's assets?
Raw Data
DB:OKI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,049.75
TSE:6703 Share Price * TSE (2019-04-18) in JPY ¥1337
Germany Electronic Industry PB Ratio Median Figure of 20 Publicly-Listed Electronic Companies 2.49x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:OKI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6703 Share Price ÷ Book Value per Share (both in JPY)

= 1337 ÷ 1,049.75

1.27x

* Primary Listing of Oki Electric Industry.

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

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

Future Performance

 How is Oki Electric Industry expected to perform in the next 1 to 3 years based on estimates from 2 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
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oki Electric Industry expected to grow at an attractive rate?
  • Oki Electric Industry's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Oki Electric Industry's earnings growth is expected to exceed the Germany market average.
  • Oki Electric Industry's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OKI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OKI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 13.8%
DB:OKI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.9%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
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:OKI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OKI Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 457,750 23,200 10,100 2
2020-03-31 450,750 21,800 10,100 2
2019-03-31 442,250 20,300 6,150 2
DB:OKI Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 437,363 7,178 9,915
2018-09-30 437,628 21,383 7,893
2018-06-30 436,543 23,166 8,820
2018-03-31 438,026 15,578 5,891
2017-12-31 446,704 21,717 11,096
2017-09-30 446,346 25,393 13,638
2017-06-30 448,873 25,921 6,023
2017-03-31 451,627 41,967 4,691
2016-12-31 457,587 28,544 -3,592
2016-09-30 466,568 20,916 -7,814
2016-06-30 473,724 9,299 -2,642
2016-03-31 490,314 -3,573 6,609

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oki Electric Industry's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Oki Electric Industry's revenue is expected to grow by 1.9% 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:OKI 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 2 Analyst Estimates (S&P Global) See Below

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

DB:OKI Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 116.59 141.00 92.17 2.00
2020-03-31 116.57 130.60 102.53 2.00
2019-03-31 70.95 74.89 67.00 2.00
DB:OKI Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 114.52
2018-09-30 91.08
2018-06-30 101.68
2018-03-31 67.85
2017-12-31 127.78
2017-09-30 157.05
2017-06-30 69.36
2017-03-31 54.02
2016-12-31 -41.36
2016-09-30 -89.98
2016-06-30 -30.42
2016-03-31 76.10

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

Past Performance

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

DB:OKI Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 437,363.00 9,915.00 101,858.00
2018-09-30 437,628.00 7,893.00 102,795.00
2018-06-30 436,543.00 8,820.00 102,413.00
2018-03-31 438,026.00 5,891.00 102,854.00
2017-12-31 446,704.00 11,096.00 113,995.00
2017-09-30 446,346.00 13,638.00 112,114.00
2017-06-30 448,873.00 6,023.00 112,728.00
2017-03-31 451,627.00 4,691.00 111,688.00
2016-12-31 457,587.00 -3,592.00 89,377.00 13,317.00
2016-09-30 466,568.00 -7,814.00 91,899.00 13,317.00
2016-06-30 473,724.00 -2,642.00 95,003.00 13,317.00
2016-03-31 490,314.00 6,609.00 97,152.00 13,317.00
2015-12-31 520,865.00 12,807.00 97,773.00 13,755.00
2015-09-30 534,363.00 23,729.00 97,674.00 13,755.00
2015-06-30 550,807.00 36,161.00 96,252.00 13,755.00
2015-03-31 540,153.00 33,004.00 94,335.00 13,755.00
2014-12-31 522,237.00 31,320.00 105,847.00
2014-09-30 507,905.00 35,715.00 104,185.00
2014-06-30 491,051.00 27,660.00 101,965.00
2014-03-31 483,112.00 27,359.00 101,281.00
2013-12-31 469,928.00 28,362.00 86,465.00 13,982.00
2013-09-30 466,193.00 21,099.00 86,782.00 13,982.00
2013-06-30 455,857.00 15,372.00 87,725.00 13,982.00
2013-03-31 455,824.00 13,599.00 104,942.00
2012-12-31 439,133.00 9,488.00 91,666.00 13,109.00
2012-09-30 430,841.00 3,176.00 84,823.00 13,109.00
2012-06-30 430,737.00 -766.00 85,140.00 13,109.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oki Electric Industry is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Oki Electric Industry's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Oki Electric Industry'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 2.5x 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 Oki Electric Industry Company Filings, last reported 3 months ago.

DB:OKI Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 90,938.00 86,486.00 39,928.00
2018-09-30 94,969.00 79,809.00 44,423.00
2018-06-30 96,041.00 80,728.00 49,563.00
2018-03-31 102,144.00 90,864.00 48,698.00
2017-12-31 91,955.00 82,673.00 47,898.00
2017-09-30 90,794.00 81,107.00 47,021.00
2017-06-30 90,866.00 84,351.00 49,168.00
2017-03-31 97,215.00 94,146.00 54,164.00
2016-12-31 92,529.00 109,652.00 49,161.00
2016-09-30 93,082.00 107,836.00 44,344.00
2016-06-30 99,231.00 118,746.00 56,486.00
2016-03-31 107,385.00 127,810.00 47,829.00
2015-12-31 110,617.00 118,297.00 47,028.00
2015-09-30 113,600.00 114,786.00 44,228.00
2015-06-30 119,780.00 109,476.00 53,668.00
2015-03-31 121,413.00 112,069.00 53,632.00
2014-12-31 99,542.00 117,612.00 60,317.00
2014-09-30 93,962.00 115,720.00 56,057.00
2014-06-30 84,586.00 119,574.00 57,860.00
2014-03-31 91,918.00 119,003.00 50,900.00
2013-12-31 66,449.00 121,709.00 50,458.00
2013-09-30 55,572.00 122,795.00 48,161.00
2013-06-30 53,208.00 120,795.00 51,067.00
2013-03-31 56,625.00 120,524.00 36,406.00
2012-12-31 39,755.00 121,516.00 33,707.00
2012-09-30 34,808.00 123,985.00 42,070.00
2012-06-30 38,492.00 136,859.00 77,029.00
  • Oki Electric Industry's level of debt (95.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (182.3% vs 95.1% today).
  • Debt is not well covered by operating cash flow (8.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 71x coverage).
X
Financial health checks
We assess Oki Electric Industry'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. Oki Electric Industry has a total score of 4/6, 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 Oki Electric Industry'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
3.74%
Current annual income from Oki Electric Industry dividends. Estimated to be 3.74% next year.
If you bought €2,000 of Oki Electric Industry shares you are expected to receive €75 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?
  • Oki Electric Industry's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Oki Electric Industry's dividend is above the markets top 25% of dividend payers in Germany (3.74%).
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:OKI 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 2 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 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:OKI Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 50.00 2.00
2020-03-31 50.00 2.00
2019-03-31 50.00 2.00
DB:OKI Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-07-27 50.000 3.607
2018-06-22 50.000 4.018
2018-05-08 50.000 3.885
2017-11-14 50.000 3.304
2017-10-31 50.000 3.139
2017-06-23 50.000 3.238
2017-05-12 50.000 3.041
2017-02-02 50.000 3.061
2016-10-28 50.000 3.191
2016-06-24 50.000 3.608
2016-05-10 50.000 3.248
2015-07-30 50.000 3.035
2015-06-24 60.000 2.360
2015-05-08 50.000 1.932
2015-02-13 60.000 2.363
2015-02-03 60.000 2.447
2014-11-13 40.000 1.677
2014-10-31 40.000 1.597
2014-08-14 40.000 1.657
2014-05-08 30.000 1.394
2013-10-30 30.000 1.303
2009-04-20 0.000 0.000

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

  • Oki Electric Industry 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 Oki Electric Industry only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Oki Electric Industry's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x 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 Oki Electric Industry's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Oki Electric Industry afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oki Electric Industry 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 Oki Electric Industry'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
Shinya Kamagami
AGE 59
TENURE AS CEO 3 years
CEO Bio

Mr. Shinya Kamagami has been the President of Oki Electric Industry Co., Ltd since April 1, 2016 and served as its Senior Vice President from April 2012 to April 1, 2016. Mr. Kamagami joined Oki Electric Industry Co., Ltd. in April 1981. He served as General Manager of Hardware Development Department-2, Systems Hardware Business Division Systems Solution Company since April 2001 and served as its General Manager of Automated Business Department -Systems Hardware Business Division since April 2010. He served as Executive Officer and General Manager of Systems Hardware Business Division at Oki Electric Industry Co., Ltd. since April 2011. He has been Representative Director of Oki Electric Industry Co., Ltd. since June 2014. He studied Faculty of Engineering at Yamagata University in March 1981.

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

Average tenure and age of the Oki Electric Industry management team in years:

2
Average Tenure
59.5
Average Age
  • The tenure for the Oki Electric Industry management team is about average.
Management Team

Shinya Kamagami

TITLE
President & Representative Director
AGE
59
TENURE
3 yrs

Masayuki Hoshi

TITLE
Executive VP
AGE
58
TENURE
2 yrs

Masashi Fuse

TITLE
Sr. Executive Officer
TENURE
0.3 yrs

Toru Miyazawa

TITLE
Senior VP & Head of Marketing and Sales Group
TENURE
0.3 yrs

Masasuke Kishi

TITLE
Executive VP & Head of Electronics Manufacturing Services Business Group
TENURE
1.3 yrs

Ken Tamura

TITLE
Senior VP & Head of Mechatronics Systems Business Group
AGE
62

Toru Hatano

TITLE
Senior Vice President
AGE
60
TENURE
3 yrs

Masashi Tsuboi

TITLE
Senior VP & Head of ICT Business Group
TENURE
2 yrs

Yuichiro Katagiri

TITLE
Executive Officer

Hiroshi Tsuchiya

TITLE
Executive Officer & Head of Risk Management Division
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Oki Electric Industry board of directors in years:

2.9
Average Tenure
64.5
Average Age
  • The average tenure for the Oki Electric Industry board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hideichi Kawasaki

TITLE
Chairman of The Board
AGE
71
TENURE
3 yrs

Shinya Kamagami

TITLE
President & Representative Director
AGE
59
TENURE
4.8 yrs

Masayuki Hoshi

TITLE
Executive VP
AGE
58
TENURE
2.8 yrs

Minoru Morio

TITLE
Outside Director
AGE
79
TENURE
3.8 yrs

Shigeru Asaba

TITLE
Outside Director
AGE
57
TENURE
1.8 yrs

Tamotsu Saito

TITLE
Outside Director
AGE
66
TENURE
0.8 yrs

Izumi Kawashima

TITLE
Outside Director
AGE
63
TENURE
0.8 yrs

Sei Yano

TITLE
Standing Audit & Supervisory Board Member
AGE
63
TENURE
1.8 yrs

Hisao Suzuki

TITLE
Standing Audit & Supervisory Board Member
AGE
66
TENURE
3.8 yrs

Kuninori Hamaguchi

TITLE
Outside Audit & Supervisory Board Member
AGE
72
TENURE
6.8 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 Oki Electric Industry'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. Oki Electric Industry 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

Oki Electric Industry Co., Ltd. manufactures and sells products, technologies, software, and solutions for the telecommunications and information systems in Japan and internationally. It operates through Information and Communication Technology, Mechatronics Systems, Printers, and EMS segments. The company offers transportation infrastructure systems, disaster prevention related systems, defense related systems, communication equipment for telecommunication carriers, branch bank systems and centerd-administrative systems for financial institutions, reservation ticketing systems, IP-PBX, business phone, contact center, 920 MHz multi-hop systems, etc., as well as maintenance and construction services. It also provides mechatronics systems, including automated teller machines (ATMs), cash handling machines, bank branch terminals, reservation ticket issuing terminals, check-in terminals, foreign currency exchange machines, ATM monitoring and operations services, etc.; and printers, such as color/monochrome LED printers, color/monochrome LED multifunction printers, large format inkjet printers, dot impact printers, wide format inkjet printers, wide format multi-function printers, LED print heads, etc. In addition, the company offers EMS services, such as design and manufacture services for communications and medical equipment; industrial and measuring instruments; and broadcasting, electricity, and traffic-related products, as well as cables, flexible printed circuit boards, and customized power supplies. Further, it provides reliability testing and environmental conservation related services. Oki Electric Industry Co., Ltd. was founded in 1881 and is headquartered in Tokyo, Japan.

Details
Name: Oki Electric Industry Co., Ltd.
OKI
Exchange: DB
Founded: 1881
¥919,349,035
86,509,130
Website: http://www.oki.com
Address: Oki Electric Industry Co., Ltd.
1-7-12 Toranomon,
Minato-ku,
Tokyo,
105-8460,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6703 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB OKI Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK OKIE.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
18,978
Oki Electric Industry employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:05
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/05
Last earnings filing: 2019/02/14
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.