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Yokogawa Electric

DB:YKE
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YKE
DB
¥613B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Yokogawa Electric Corporation provides various products based on its measurement, control, and information technologies in Japan, Asia, Europe, North America, the Middle East, and internationally. The last earnings update was 72 days ago. More info.


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YKE Share Price and Events
7 Day Returns
-3%
DB:YKE
2.8%
DE Electronic
2.4%
DE Market
1 Year Returns
0.8%
DB:YKE
-1%
DE Electronic
-6.2%
DE Market
YKE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yokogawa Electric (YKE) -3% 2.9% 14.9% 0.8% 76.5% 80.2%
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
  • YKE outperformed the Electronic industry which returned -1% over the past year.
  • YKE outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
YKE
Industry
5yr Volatility vs Market

Value

 Is Yokogawa Electric 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 Yokogawa Electric 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 Yokogawa Electric.

DB:YKE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
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:YKE
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%) (4.98%))
1.07
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.07 * 5.96%)
6.6%

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

The calculations below outline how an intrinsic value for Yokogawa Electric 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:YKE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.6%)
2019 29,192.75 Analyst x4 27,384.39
2020 28,495.25 Analyst x4 25,074.29
2021 31,008.75 Analyst x4 25,595.80
2022 32,864.95 Est @ 5.99% 25,447.52
2023 34,264.54 Est @ 4.26% 24,887.75
2024 35,309.42 Est @ 3.05% 24,057.99
2025 36,087.29 Est @ 2.2% 23,064.88
2026 36,668.48 Est @ 1.61% 21,984.57
2027 37,106.95 Est @ 1.2% 20,869.32
2028 37,442.92 Est @ 0.91% 19,753.81
Present value of next 10 years cash flows ¥238,120.32
DB:YKE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥37,442.92 × (1 + 0.23%) ÷ (6.6% – 0.23%)
¥588,623.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥588,623.57 ÷ (1 + 6.6%)10
¥310,540.96
DB:YKE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥238,120.32 + ¥310,540.96
¥548,661.28
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥548,661.28 / 266.94
¥2055.41
DB:YKE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:YKE represents 0.00773x of TSE:6841
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00773x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,055.41 x 0.00773
€15.88
Value per share (EUR) From above. €15.88
Current discount Discount to share price of €17.73
= -1 x (€17.73 - €15.88) / €15.88
-11.7%

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

  • The current share price of Yokogawa Electric 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 Yokogawa Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yokogawa Electric's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YKE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥119.24
TSE:6841 Share Price ** TSE (2019-04-18) in JPY ¥2295
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 Yokogawa Electric.

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

= TSE:6841 Share Price ÷ EPS (both in JPY)

= 2295 ÷ 119.24

19.25x

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

  • Yokogawa Electric is good value based on earnings compared to the DE Electronic industry average.
  • Yokogawa Electric is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Yokogawa Electric's expected growth come at a high price?
Raw Data
DB:YKE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
8.8%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:YKE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.25x ÷ 8.8%

2.18x

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

  • Yokogawa Electric is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Yokogawa Electric's assets?
Raw Data
DB:YKE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,043.07
TSE:6841 Share Price * TSE (2019-04-18) in JPY ¥2295
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:YKE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6841 Share Price ÷ Book Value per Share (both in JPY)

= 2295 ÷ 1,043.07

2.2x

* Primary Listing of Yokogawa Electric.

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

  • Yokogawa Electric is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Yokogawa Electric'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. Yokogawa Electric 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 Yokogawa Electric expected to perform in the next 1 to 3 years based on estimates from 8 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
8.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yokogawa Electric expected to grow at an attractive rate?
  • Yokogawa Electric's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Yokogawa Electric's earnings growth is positive but not above the Germany market average.
  • Yokogawa Electric's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:YKE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YKE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 8.8%
DB:YKE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.7%
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:YKE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YKE Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 443,500 1
2022-03-31 439,800 1
2021-03-31 448,313 45,187 33,300 8
2020-03-31 432,563 42,856 30,213 8
2019-03-31 414,381 39,693 27,150 8
DB:YKE Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 407,850 31,846
2018-09-30 409,055 32,906 22,000
2018-06-30 409,410 21,512
2018-03-31 406,590 31,980 21,449
2017-12-31 408,352 17,296
2017-09-30 394,803 30,752 25,025
2017-06-30 387,619 25,986
2017-03-31 391,433 39,245 25,759
2016-12-31 389,488 23,258
2016-09-30 396,170 56,128 24,422
2016-06-30 410,981 28,129
2016-03-31 413,732 31,931 30,161

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yokogawa Electric's earnings are expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
  • Yokogawa Electric's revenue is expected to grow by 2.7% 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:YKE 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 8 Analyst Estimates (S&P Global) See Below

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

DB:YKE Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 125.84 149.45 108.64 8.00
2020-03-31 113.64 128.42 101.15 8.00
2019-03-31 101.85 111.30 95.90 8.00
DB:YKE Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 119.24
2018-09-30 82.35
2018-06-30 80.50
2018-03-31 80.27
2017-12-31 64.73
2017-09-30 93.65
2017-06-30 97.27
2017-03-31 96.44
2016-12-31 87.10
2016-09-30 91.48
2016-06-30 105.40
2016-03-31 114.01

*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.
  • Yokogawa Electric is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Yokogawa Electric'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.
Yokogawa Electric 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 Yokogawa Electric 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 Yokogawa Electric'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.
  • Yokogawa Electric's year on year earnings growth rate has been positive over the past 5 years.
  • Yokogawa Electric's 1-year earnings growth exceeds its 5-year average (84.1% vs 10.5%)
  • Yokogawa Electric's earnings growth has exceeded the DE Electronic industry average in the past year (84.1% vs 18.1%).
Earnings and Revenue History
Yokogawa Electric'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 Yokogawa Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YKE Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 407,850.00 31,846.00 112,663.00 26,267.00
2018-09-30 409,055.00 22,000.00 115,518.00 26,267.00
2018-06-30 409,410.00 21,512.00 115,620.00 26,267.00
2018-03-31 406,590.00 21,449.00 116,364.00 26,267.00
2017-12-31 408,352.00 17,296.00 116,674.00 27,025.00
2017-09-30 394,803.00 25,025.00 113,192.00 27,025.00
2017-06-30 387,619.00 25,986.00 110,208.00 27,025.00
2017-03-31 391,433.00 25,759.00 110,477.00 27,025.00
2016-12-31 389,488.00 23,258.00 113,873.00 24,945.00
2016-09-30 396,170.00 24,422.00 112,875.00 24,945.00
2016-06-30 410,981.00 28,129.00 113,529.00 24,945.00
2016-03-31 413,732.00 30,161.00 112,201.00 24,945.00
2015-12-31 425,900.00 28,394.00 112,432.00 24,960.00
2015-09-30 423,585.00 25,676.00 114,084.00 24,960.00
2015-06-30 415,691.00 21,244.00 114,950.00 24,960.00
2015-03-31 405,792.00 17,223.00 114,435.00 24,960.00
2014-12-31 399,443.00 18,230.00 112,482.00 25,112.00
2014-09-30 393,225.00 13,462.00 109,950.00 25,112.00
2014-06-30 390,490.00 11,945.00 109,927.00 25,112.00
2014-03-31 388,463.00 12,341.00 108,201.00 25,112.00
2013-12-31 376,182.00 13,433.00 106,029.00 24,744.00
2013-09-30 362,903.00 13,397.00 102,544.00 24,744.00
2013-06-30 353,619.00 12,116.00 99,925.00 24,744.00
2013-03-31 347,899.00 14,688.00 98,101.00 24,744.00
2012-12-31 343,218.00 12,961.00 95,757.00 26,651.00
2012-09-30 341,532.00 13,004.00 95,892.00 26,651.00
2012-06-30 339,741.00 12,530.00 97,159.00 26,651.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yokogawa Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yokogawa Electric's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yokogawa Electric'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 9.4x 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 Yokogawa Electric Company Filings, last reported 3 months ago.

DB:YKE Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 285,943.00 30,480.00 84,904.00
2018-09-30 288,328.00 30,879.00 80,662.00
2018-06-30 278,261.00 30,371.00 85,394.00
2018-03-31 278,671.00 30,475.00 78,264.00
2017-12-31 273,132.00 30,885.00 71,654.00
2017-09-30 275,475.00 40,668.00 73,681.00
2017-06-30 265,151.00 43,406.00 82,283.00
2017-03-31 262,514.00 44,560.00 74,746.00
2016-12-31 257,760.00 57,894.00 78,623.00
2016-09-30 239,046.00 54,495.00 67,296.00
2016-06-30 232,525.00 61,045.00 75,768.00
2016-03-31 246,891.00 30,528.00 65,306.00
2015-12-31 250,806.00 48,194.00 63,863.00
2015-09-30 243,917.00 47,600.00 60,400.00
2015-06-30 231,260.00 67,438.00 75,100.00
2015-03-31 221,975.00 65,271.00 76,093.00
2014-12-31 219,242.00 80,616.00 72,217.00
2014-09-30 207,612.00 81,175.00 65,743.00
2014-06-30 191,958.00 81,820.00 70,433.00
2014-03-31 192,106.00 81,406.00 57,296.00
2013-12-31 190,891.00 92,411.00 60,320.00
2013-09-30 183,995.00 98,422.00 61,490.00
2013-06-30 176,972.00 98,970.00 66,992.00
2013-03-31 172,396.00 98,597.00 59,111.00
2012-12-31 159,507.00 103,191.00 52,756.00
2012-09-30 152,014.00 98,682.00 43,394.00
2012-06-30 147,772.00 99,676.00 59,562.00
  • Yokogawa Electric's level of debt (10.7%) 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 (48.3% vs 10.7% today).
  • Debt is well covered by operating cash flow (108%, greater than 20% of total debt).
  • Yokogawa Electric earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Yokogawa Electric'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. Yokogawa Electric 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 Yokogawa Electric'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
1.31%
Current annual income from Yokogawa Electric dividends. Estimated to be 1.72% next year.
If you bought €2,000 of Yokogawa Electric shares you are expected to receive €26 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?
  • Yokogawa Electric's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Yokogawa Electric'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:YKE 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 8 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:YKE Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 41.38 8.00
2020-03-31 37.38 8.00
2019-03-31 32.75 8.00
DB:YKE Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-06 30.000 1.354
2019-02-05 30.000 1.436
2018-11-07 30.000 1.490
2018-11-06 30.000 1.333
2018-06-26 30.000 1.392
2018-05-08 30.000 1.470
2018-02-07 30.000 1.365
2018-02-06 30.000 1.416
2017-11-08 30.000 1.385
2017-11-07 30.000 1.422
2017-08-08 30.000 1.595
2017-06-27 30.000 1.626
2017-05-10 30.000 1.581
2017-02-08 25.000 1.428
2017-02-07 25.000 1.464
2016-11-11 25.000 1.485
2016-11-01 25.000 1.684
2016-06-23 25.000 1.902
2016-05-10 25.000 2.092
2016-02-10 15.000 1.308
2016-02-02 15.000 1.166
2015-11-12 15.000 1.077
2015-11-04 15.000 1.037
2015-06-24 15.000 1.078
2015-05-12 15.000 1.013
2015-02-12 12.000 0.897
2015-01-30 12.000 0.960
2014-11-13 12.000 0.881
2014-10-31 12.000 0.784
2014-06-25 12.000 0.918
2014-05-13 12.000 0.940
2014-02-10 12.000 0.803
2014-02-07 12.000 0.821
2013-11-08 12.000 0.781
2013-08-09 12.000 0.909
2013-06-26 12.000 0.934
2013-05-14 12.000 1.047
2013-02-12 10.000 1.057
2013-02-08 10.000 1.037
2012-11-07 10.000 1.091
2012-11-06 10.000 1.191
2012-08-10 10.000 1.102
2012-06-27 5.000 0.628
2012-02-07 5.000 0.658
2011-11-09 0.000 0.000
2011-11-08 0.000 0.000
2011-08-10 0.000 0.000
2011-08-09 0.000 0.000
2011-06-24 0.000 0.000
2011-05-13 0.000 0.000
2010-06-25 2.000 0.338
2010-05-14 2.000 0.315
2010-02-10 0.000 0.000
2010-02-09 0.000 0.000
2009-11-11 0.000 0.000
2009-06-29 16.000 2.165
2009-05-15 16.000 2.991
2009-04-20 16.000 3.134

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Yokogawa Electric's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (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 Yokogawa Electric'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 Yokogawa Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yokogawa Electric 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 Yokogawa Electric'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
Hitoshi Nara
AGE 55
TENURE AS CEO 0 years
CEO Bio

Mr. Hitoshi Nara joined Yokogawa Electric Corporation in April 1985. He serves as President and Representative Director since April 1, 2019 at Yokogawa Electric Corporation. He served as the President and Chief Executive at Yokogawa Solution Service Corporation at Yokogawa Electric Corp. from 2013 to April 1, 2019. Mr. Nara had been Executive Vice President and Head of Life Innovation Business Headquarters of Yokogawa Electric Corporation since April 1, 2017 to April 1, 2019 and April, 2018 to April 1, 2019 respectively. Mr. Nara served as Senior Vice President and Head of Industrial Solutions Business Headquarters of Yokogawa Electric Corp. since April 2010. He served as Head of Sales Division 1 and Head of Industrial Solutions Business Headquarters since January 2007. He served as Chief Executive for Japan and Korea of Yokogawa Electric Corp. from April, 2017 to 2018. He has been a Director of Yokogawa Electric Corp. since June 2011. He served as Deputy Managing Director of Yokogawa Engineering Asia Pte. Ltd. since October 2001. He served as Managing Director of Yokogawa of Thailand Ltd. since October 2003.

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

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

1.1
Average Tenure
55
Average Age
  • The average tenure for the Yokogawa Electric management team is less than 2 years, this suggests a new team.
Management Team

Hitoshi Nara

TITLE
President & Representative Director
AGE
55

Junichi Anabuki

TITLE
Executive VP
AGE
55
TENURE
1 yrs

Hirohiko Nakatani

TITLE
Department Manager of Treasury & IR

Hajime Watanabe

TITLE
Vice President of Audit
TENURE
1.3 yrs

Tsuyoshi Abe

TITLE
Senior VP & Head of Marketing Headquarters

Koji Nakaoka

TITLE
Vice President of Global Sales & Industrial Marketing Headquarters

Mikio Matsui

TITLE
Vice President of Human Resources & General Affairs Headquarters

Masaharu Yamazaki

TITLE
Senior VP & Head of Aerospace Products Business Headquarters
TENURE
1.9 yrs

Shuji Mori

TITLE
VP and Chief Executive of North & South Americas

Dai Yu

TITLE
Senior Vice President of Digital Enterprise Business Headquarters
AGE
55
TENURE
0.3 yrs
Board of Directors Tenure

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

4.8
Average Tenure
62.5
Average Age
  • The tenure for the Yokogawa Electric board of directors is about average.
Board of Directors

Takashi Nishijima

TITLE
Chairman of the Board
AGE
61

Hitoshi Nara

TITLE
President & Representative Director
AGE
55
TENURE
7.8 yrs

Junichi Anabuki

TITLE
Executive VP
AGE
55
TENURE
4.8 yrs

Satoru Kurosu

TITLE
Director
AGE
58
TENURE
7.8 yrs

Masatoshi Nakahara

TITLE
Director
AGE
60
TENURE
4.8 yrs

Mitsudo Urano

TITLE
Outside Director
AGE
70
TENURE
7.8 yrs

Noritaka Uji

TITLE
Outside Director
AGE
69
TENURE
4.8 yrs

Nobuo Seki

TITLE
Outside Director
AGE
74
TENURE
3.8 yrs

Shiro Sugata

TITLE
Outside Director
AGE
69
TENURE
2.8 yrs

Koichi Chujo

TITLE
Audit & Supervisory Board Member
AGE
64
TENURE
2.8 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 Yokogawa Electric'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. Yokogawa Electric 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

Yokogawa Electric Corporation provides various products based on its measurement, control, and information technologies in Japan, Asia, Europe, North America, the Middle East, and internationally. It operates in three segments: Industrial Automation and Control, Test and Measurement, and Aviation and Other Business. The Industrial Automation and Control segment offers field instruments, such as flow meters, differential/pressure transmitters, and process analyzers; control systems and programmable controllers; and various software products and services. The Test and Measurement segment provides waveform and optical communication measuring instruments, and signal generators; electric voltage, current, and power measuring instruments; LCD drivers; and confocal scanners. The Aviation and Other Business segment offers aviation equipment, such as flat-panel displays, engine meters, and other instruments; marine navigation equipment, such as gyrocompasses and autopilot systems; and meteorological/hydrological monitoring system equipment. Yokogawa Electric Corporation serves oil and gas, chemicals, electric power, iron and steel, pulp and paper, pharmaceutical, and food industries. The company was formerly known as Yokogawa Electric Works Ltd. and changed its name to Yokogawa Electric Corporation in 1986. Yokogawa Electric Corporation was founded in 1915 and is headquartered in Musashino, Japan.

Details
Name: Yokogawa Electric Corporation
YKE
Exchange: DB
Founded: 1915
¥4,866,788,041
266,935,781
Website: http://www.yokogawa.com
Address: Yokogawa Electric Corporation
2-9-32 Nakacho,
Musashino,
180-8750,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6841 Common Stock The Tokyo Stock Exchange JP JPY 02. Jan 1992
OTCPK YOKE.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB YKE Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK YOKE.Y UNSPONSORED ADR Pink Sheets LLC US USD 14. Dec 2010
Number of employees
Current staff
Staff numbers
18,290
Yokogawa Electric employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:57
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/02/06
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.