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Toshiba Tec

DB:TECA
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TECA
DB
¥173B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Toshiba Tec Corporation, together with its subsidiaries, develops, manufactures, sells, and maintains retail and printing solutions in Japan and internationally. The last earnings update was 69 days ago. More info.


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TECA Share Price and Events
7 Day Returns
-3.6%
DB:TECA
1.1%
DE Tech
1.8%
DE Market
1 Year Returns
7.9%
DB:TECA
0.6%
DE Tech
-6%
DE Market
TECA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Toshiba Tec (TECA) -3.6% -2.3% 20.4% 7.9% 47.4% 17.4%
DE Tech 1.1% 3.2% 13% 0.6% 67.6% 104.5%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • TECA outperformed the Tech industry which returned 0.6% over the past year.
  • TECA outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
TECA
Industry
5yr Volatility vs Market

Value

 Is Toshiba Tec 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 Toshiba Tec 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 Toshiba Tec.

DB:TECA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TECA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 30.86%) (0.26%))
1.031
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.031 * 5.96%)
6.37%

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

The calculations below outline how an intrinsic value for Toshiba Tec 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:TECA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.37%)
2019 15,502.15 Est @ 5.78% 14,573.20
2020 16,140.19 Est @ 4.12% 14,263.77
2021 16,616.24 Est @ 2.95% 13,804.52
2022 16,970.67 Est @ 2.13% 13,254.10
2023 17,235.67 Est @ 1.56% 12,654.42
2024 17,435.86 Est @ 1.16% 12,034.28
2025 17,589.54 Est @ 0.88% 11,412.85
2026 17,710.10 Est @ 0.69% 10,802.47
2027 17,807.18 Est @ 0.55% 10,210.81
2028 17,887.69 Est @ 0.45% 9,642.33
Present value of next 10 years cash flows ¥122,652.74
DB:TECA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥17,887.69 × (1 + 0.23%) ÷ (6.37% – 0.23%)
¥291,689.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥291,689.61 ÷ (1 + 6.37%)10
¥157,234.85
DB:TECA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥122,652.74 + ¥157,234.85
¥279,887.59
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥279,887.59 / 54.96
¥5092.67
DB:TECA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TECA represents 0.00794x of TSE:6588
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00794x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 5,092.67 x 0.00794
€40.42
Value per share (EUR) From above. €40.42
Current discount Discount to share price of €24.92
= -1 x (€24.92 - €40.42) / €40.42
38.3%

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

Current Discount
Amount off the current price Toshiba Tec is available for.
Intrinsic value
38%
Share price is €24.92 vs Future cash flow value of €40.42
Current Discount Checks
For Toshiba Tec to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Toshiba Tec's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Toshiba Tec'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 Toshiba Tec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Toshiba Tec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TECA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥271.41
TSE:6588 Share Price ** TSE (2019-04-18) in JPY ¥3140
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Toshiba Tec.

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

= TSE:6588 Share Price ÷ EPS (both in JPY)

= 3140 ÷ 271.41

11.57x

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

  • Toshiba Tec is good value based on earnings compared to the Europe Tech industry average.
  • Toshiba Tec is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Toshiba Tec's expected growth come at a high price?
Raw Data
DB:TECA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.9%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Toshiba Tec, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Toshiba Tec's assets?
Raw Data
DB:TECA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,602.72
TSE:6588 Share Price * TSE (2019-04-18) in JPY ¥3140
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:TECA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6588 Share Price ÷ Book Value per Share (both in JPY)

= 3140 ÷ 1,602.72

1.96x

* Primary Listing of Toshiba Tec.

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

  • Toshiba Tec is overvalued based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Toshiba Tec's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Toshiba Tec has a total score of 3/6, 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 Toshiba Tec expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Toshiba Tec, future earnings growth has been estimated based on fundamentals.
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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Toshiba Tec expected to grow at an attractive rate?
  • Toshiba Tec's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Toshiba Tec's earnings growth is positive but not above the Germany market average.
  • Unable to compare Toshiba Tec's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TECA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TECA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.9%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:TECA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TECA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:TECA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 495,773 14,914
2018-09-30 506,142 29,110 16,669
2018-06-30 512,031 17,661
2018-03-31 513,289 29,092 17,512
2017-12-31 504,750 14,556
2017-09-30 497,417 22,833 8,598
2017-06-30 493,090 8,916
2017-03-31 497,611 37,016 7,758
2016-12-31 503,058 -20,877
2016-09-30 511,473 38,833 -25,535
2016-06-30 525,978 -98,330
2016-03-31 532,818 4,567 -103,449

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Toshiba Tec's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Toshiba Tec is high growth as no revenue estimate data is available.
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:TECA 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 0 Analyst Estimates (S&P Global) See Below

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

DB:TECA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:TECA Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 271.41
2018-09-30 303.37
2018-06-30 321.45
2018-03-31 318.73
2017-12-31 264.92
2017-09-30 156.48
2017-06-30 162.27
2017-03-31 141.21
2016-12-31 -380.03
2016-09-30 -464.86
2016-06-30 -1,790.16
2016-03-31 -1,883.46

*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.
  • Unable to establish if Toshiba Tec will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Toshiba Tec's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Toshiba Tec 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 Toshiba Tec 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 Toshiba Tec's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Toshiba Tec's year on year earnings growth rate has been positive over the past 5 years.
  • Toshiba Tec's 1-year earnings growth is less than its 5-year average (2.5% vs 18.6%)
  • Toshiba Tec's earnings growth has not exceeded the Europe Tech industry average in the past year (2.5% vs 12.3%).
Earnings and Revenue History
Toshiba Tec'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 Toshiba Tec Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TECA Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 495,773.00 14,914.00 157,770.00 24,792.00
2018-09-30 506,142.00 16,669.00 159,773.00 24,792.00
2018-06-30 512,031.00 17,661.00 158,728.00 24,792.00
2018-03-31 513,289.00 17,512.00 158,755.00 24,792.00
2017-12-31 504,750.00 14,556.00 152,809.00 24,913.00
2017-09-30 497,417.00 8,598.00 154,039.00 24,913.00
2017-06-30 493,090.00 8,916.00 153,746.00 24,913.00
2017-03-31 497,611.00 7,758.00 159,920.00 24,913.00
2016-12-31 503,058.00 -20,877.00 169,473.00 24,998.00
2016-09-30 511,473.00 -25,535.00 173,703.00 24,998.00
2016-06-30 525,978.00 -98,330.00 185,764.00 24,998.00
2016-03-31 532,818.00 -103,449.00 190,485.00 24,998.00
2015-12-31 532,473.00 -82,224.00 194,985.00 22,738.00
2015-09-30 532,936.00 -79,266.00 195,151.00 22,738.00
2015-06-30 530,704.00 -7,299.00 189,374.00 22,738.00
2015-03-31 524,577.00 -1,149.00 183,421.00 22,738.00
2014-12-31 523,174.00 4,984.00 179,135.00 21,802.00
2014-09-30 513,645.00 7,755.00 176,235.00 21,802.00
2014-06-30 504,485.00 6,853.00 172,730.00 21,802.00
2014-03-31 498,870.00 7,133.00 169,941.00 21,802.00
2013-12-31 481,561.00 6,987.00 167,750.00 18,832.00
2013-09-30 461,354.00 6,342.00 161,338.00 18,832.00
2013-06-30 435,235.00 6,956.00 151,462.00 18,832.00
2013-03-31 403,693.00 6,212.00 143,233.00 18,832.00
2012-12-31 377,086.00 6,161.00 138,214.00 16,308.00
2012-09-30 358,945.00 5,157.00 133,480.00 16,308.00
2012-06-30 351,267.00 2,465.00 134,842.00 16,308.00

*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.
  • Toshiba Tec has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Toshiba Tec used its assets less efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Toshiba Tec has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Toshiba Tec's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Toshiba Tec has a total score of 2/6, 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 Toshiba Tec'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 Toshiba Tec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Toshiba Tec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Toshiba Tec's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Toshiba Tec'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 404.3x 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 Toshiba Tec Company Filings, last reported 3 months ago.

DB:TECA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 97,651.00 457.00 54,914.00
2018-09-30 96,096.00 296.00 56,910.00
2018-06-30 93,598.00 321.00 63,347.00
2018-03-31 93,213.00 10,781.00 57,355.00
2017-12-31 90,196.00 536.00 52,632.00
2017-09-30 82,451.00 405.00 48,859.00
2017-06-30 77,613.00 723.00 51,094.00
2017-03-31 76,047.00 10,253.00 46,129.00
2016-12-31 73,175.00 1,136.00 42,980.00
2016-09-30 63,034.00 1,184.00 32,748.00
2016-06-30 61,370.00 1,460.00 33,331.00
2016-03-31 70,358.00 13,812.00 22,660.00
2015-12-31 123,732.00 26,489.00 61,004.00
2015-09-30 128,348.00 25,100.00 54,691.00
2015-06-30 201,247.00 20,378.00 63,674.00
2015-03-31 203,107.00 9,410.00 54,964.00
2014-12-31 210,037.00 879.00 60,261.00
2014-09-30 198,676.00 909.00 56,666.00
2014-06-30 187,927.00 1,081.00 51,860.00
2014-03-31 185,428.00 8,740.00 47,408.00
2013-12-31 191,321.00 1,681.00 50,880.00
2013-09-30 182,893.00 2,911.00 46,536.00
2013-06-30 177,053.00 4,114.00 71,096.00
2013-03-31 176,557.00 8,616.00 72,031.00
2012-12-31 164,584.00 4,190.00 61,650.00
2012-09-30 150,274.00 3,614.00 54,970.00
2012-06-30 136,430.00 2,303.00 88,269.00
  • Toshiba Tec's level of debt (0.5%) 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 (0.9% vs 0.5% today).
  • Debt is well covered by operating cash flow (6369.8%, greater than 20% of total debt).
  • Toshiba Tec earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Toshiba Tec'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. Toshiba Tec 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 Toshiba Tec'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
1.27%
Current annual income from Toshiba Tec dividends.
If you bought €2,000 of Toshiba Tec shares you are expected to receive €25 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?
  • Toshiba Tec's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Toshiba Tec's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:TECA 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 0 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TECA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:TECA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-12 40.000 1.270
2019-02-07 40.000 1.420
2018-11-09 40.000 1.465
2018-11-07 40.000 1.200
2018-06-26 40.000 1.193
2018-05-09 40.000 1.219
2018-02-14 30.000 0.945
2017-11-13 30.000 0.868
2017-11-08 30.000 0.844
2017-06-28 20.000 0.647
2017-05-12 20.000 0.669
2017-02-10 0.000 0.000
2017-02-07 0.000 0.000
2016-11-11 0.000 0.000
2016-11-08 0.000 0.000
2016-08-12 0.000 0.000
2016-08-05 0.000 0.000
2016-06-29 0.000 0.000
2016-05-20 0.000 0.000
2016-03-14 0.000 0.000
2015-11-13 0.000 0.000
2015-11-05 0.000 0.000
2015-08-04 20.000 0.921
2015-06-26 40.000 1.269
2015-06-16 40.000 1.159
2015-02-12 70.000 1.985
2015-01-28 70.000 1.922
2014-11-13 70.000 1.710
2014-10-29 70.000 1.817
2014-06-27 65.000 1.905
2014-04-28 65.000 1.939
2014-02-13 40.000 1.272
2014-01-29 40.000 1.215
2013-11-13 40.000 1.179
2013-10-28 40.000 1.342
2013-04-26 40.000 1.440
2013-01-30 40.000 1.442
2012-11-01 40.000 1.852
2012-08-01 35.000 2.065
2012-04-27 35.000 2.464
2012-02-02 35.000 2.256
2011-11-02 35.000 2.519
2011-07-29 35.000 2.359
2011-06-23 35.000 2.029
2011-04-28 35.000 1.960
2011-02-14 25.000 1.364
2011-01-31 25.000 1.276
2010-11-12 30.000 1.568
2010-10-28 30.000 1.860
2010-07-29 25.000 1.650
2010-06-25 30.000 2.008
2010-04-28 30.000 1.804
2010-02-12 0.000 0.000
2010-01-29 0.000 0.000
2009-11-13 0.000 0.000
2009-10-30 0.000 0.000
2009-08-11 0.000 0.000
2009-06-25 0.000 0.000
2009-04-28 0.000 0.000
2009-04-23 55.000 3.521

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Toshiba Tec's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.4x 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 Toshiba Tec'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 Toshiba Tec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Toshiba Tec has a total score of 1/6, 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 Toshiba Tec'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
Takayuki Ikeda
AGE 61
CEO Bio

Mr. Takayuki Ikeda serves as the President and Chief Executive Officer at Toshiba Tec Corporation and is a overall in-charge of Risk and Compliance. Mr. Ikeda served as Managing Executive Officer, In-charge of Corporate Planning, Innovation Promotion & IT Strategy System, Overall in-charge of Corporate Transformation and Overall in-charge of Sales at Toshiba Tec Corp., and served as its Senior Vice President. Mr. Ikeda serves as a Representative Director at Toshiba Tec Corporation.

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

Takayuki Ikeda

TITLE
President
AGE
61

Yukio Inoue

TITLE
CFO, VP

Tommy Matsumoto

TITLE
Senior VP
AGE
61

Hiroshi Tangoku

TITLE
Senior VP
AGE
61

Kazuo Yajima

TITLE
Senior VP & Managing Executive Officer

Masatsugu Sakabe

TITLE
Senior VP
AGE
61

Junichi Kawasaki

TITLE
Vice President and Executive Officer

Aso Shinichi

TITLE
Vice President and Executive Officer

Nonami Hidetaka

TITLE
Vice President and Executive Officer

Kawamura Etsuroh

TITLE
Vice President and Executive Officer
Board of Directors

Takayuki Ikeda

TITLE
President
AGE
61

Yukio Inoue

TITLE
CFO, VP

Masatsugu Sakabe

TITLE
Senior VP
AGE
61

Masami Uchiyama

TITLE
VP, Executive Officer & Director

Naohiro Yamaguchi

TITLE
Executive Officer

Michio Kuwahara

TITLE
Director
AGE
70

Shin Nagase

TITLE
Director
AGE
68

Matt Yamada

TITLE
Director

Hitoshi Kaneda

TITLE
Director
AGE
58

Naoto Hasegawa

TITLE
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 Toshiba Tec'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. Toshiba Tec 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

Toshiba Tec Corporation, together with its subsidiaries, develops, manufactures, sells, and maintains retail and printing solutions in Japan and internationally. It offers point-of-sale (POS) systems, printers, peripherals, self-checkout systems, and kiosks and displays, as well as POS applications, operating systems, middleware, and system management software solutions. The company also provides desktop and mobile printers, RFID printers, and consumables; color, monochrome, and hybrid MFP solutions, as well as paper reusing systems; and inkjet head products for various applications, as well as mobile and cloud solutions. In addition, it offers engineering, manufacturing, and documentation services. The company was founded in 1950 and is headquartered in Tokyo, Japan. Toshiba Tec Corporation is a subsidiary of Toshiba Corporation.

Details
Name: Toshiba Tec Corporation
TECA
Exchange: DB
Founded: 1950
¥1,369,345,164
54,958,949
Website: http://www.toshibatec.com
Address: Toshiba Tec Corporation
Gate City Ohsaki West Tower,
1-11-1, Osaki,
Tokyo,
141-8562,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6588 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB TECA Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK TSHT.Y UNSPONSORD ADR Pink Sheets LLC US USD 05. Jun 2012
Number of employees
Current staff
Staff numbers
19,780
Toshiba Tec employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:05
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/05/09
Last earnings filing: 2019/02/12
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.