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Azbil

DB:YMK
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YMK
DB
¥381B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Azbil Corporation provides automation products and services worldwide. The last earnings update was 70 days ago. More info.


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YMK Share Price and Events
7 Day Returns
-2.4%
DB:YMK
1.7%
DE Electronic
1.5%
DE Market
1 Year Returns
10.6%
DB:YMK
-2%
DE Electronic
-6.2%
DE Market
YMK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Azbil (YMK) -2.4% 3.3% 23.1% 10.6% 83.3% 159.3%
DE Electronic 1.7% 8.1% 19.9% -2% 97.4% 104.1%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • YMK outperformed the Electronic industry which returned -2% over the past year.
  • YMK outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
YMK
Industry
5yr Volatility vs Market

YMK Value

 Is Azbil 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 Azbil 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 Azbil.

DB:YMK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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

Calculation of Discount Rate/ Cost of Equity for DB:YMK
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))
= 1.066 (1 + (1- 30.86%) (2.73%))
1.058
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.058 * 5.96%)
6.53%

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

The calculations below outline how an intrinsic value for Azbil 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:YMK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.53%)
2019 13,721.40 Analyst x5 12,880.23
2020 16,941.60 Analyst x5 14,928.11
2021 19,206.00 Analyst x5 15,885.92
2022 21,630.00 Analyst x1 16,794.12
2023 19,470.00 Analyst x1 14,190.31
2024 18,049.83 Est @ -7.29% 12,348.79
2025 17,140.57 Est @ -5.04% 11,007.83
2026 16,547.87 Est @ -3.46% 9,975.71
2027 16,158.65 Est @ -2.35% 9,143.91
2028 15,903.66 Est @ -1.58% 8,447.90
Present value of next 10 years cash flows ¥125,602.83
DB:YMK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥15,903.66 × (1 + 0.23%) ÷ (6.53% – 0.23%)
¥252,905.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥252,905.91 ÷ (1 + 6.53%)10
¥134,341.72
DB:YMK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥125,602.83 + ¥134,341.72
¥259,944.55
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥259,944.55 / 143.21
¥1815.18
DB:YMK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:YMK represents 0.00788x of TSE:6845
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00788x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,815.18 x 0.00788
€14.30
Value per share (EUR) From above. €14.30
Current discount Discount to share price of €20.95
= -1 x (€20.95 - €14.30) / €14.30
-46.4%

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

  • The current share price of Azbil 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 Azbil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Azbil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YMK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥136.99
TSE:6845 Share Price ** TSE (2019-04-23) in JPY ¥2658
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of Azbil.

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

= TSE:6845 Share Price ÷ EPS (both in JPY)

= 2658 ÷ 136.99

19.4x

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

  • Azbil is good value based on earnings compared to the DE Electronic industry average.
  • Azbil is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Azbil's expected growth come at a high price?
Raw Data
DB:YMK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
4%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.4x ÷ 4%

4.8x

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

  • Azbil is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Azbil's assets?
Raw Data
DB:YMK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,214.22
TSE:6845 Share Price * TSE (2019-04-23) in JPY ¥2658
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:YMK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6845 Share Price ÷ Book Value per Share (both in JPY)

= 2658 ÷ 1,214.22

2.19x

* Primary Listing of Azbil.

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

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

YMK Future Performance

 How is Azbil expected to perform in the next 1 to 3 years based on estimates from 6 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
4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Azbil expected to grow at an attractive rate?
  • Azbil's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Azbil's earnings growth is positive but not above the Germany market average.
  • Azbil's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:YMK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YMK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 4%
DB:YMK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.1%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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:YMK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YMK Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 289,550 23,970 22,300 2
2022-03-31 283,800 26,130 21,550 2
2021-03-31 278,356 25,266 20,838 6
2020-03-31 272,502 24,102 19,758 6
2019-03-31 267,139 22,081 18,903 6
DB:YMK Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 262,640 19,726
2018-09-30 262,248 17,971 18,403
2018-06-30 260,388 18,226
2018-03-31 260,384 19,481 17,890
2017-12-31 258,955 15,901
2017-09-30 255,100 19,350 16,155
2017-06-30 253,472 14,406
2017-03-31 254,810 19,949 13,153
2016-12-31 259,354 11,482
2016-09-30 260,400 15,628 8,851
2016-06-30 263,740 9,571
2016-03-31 256,889 11,072 8,268

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Azbil's earnings are expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
  • Azbil's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:YMK 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 6 Analyst Estimates (S&P Global) See Below

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

DB:YMK Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 143.15 143.15 143.15 1.00
2022-03-31 138.95 138.95 138.95 1.00
2021-03-31 145.20 154.30 132.70 6.00
2020-03-31 137.68 144.50 127.10 6.00
2019-03-31 131.52 138.30 122.11 5.00
DB:YMK Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 136.99
2018-09-30 127.38
2018-06-30 125.75
2018-03-31 123.08
2017-12-31 109.13
2017-09-30 110.60
2017-06-30 98.38
2017-03-31 89.78
2016-12-31 78.37
2016-09-30 60.42
2016-06-30 65.33
2016-03-31 56.36

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

YMK Past Performance

  How has Azbil 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 Azbil'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.
  • Azbil has delivered over 20% year on year earnings growth in the past 5 years.
  • Azbil's 1-year earnings growth exceeds its 5-year average (24.1% vs 22.9%)
  • Azbil's earnings growth has exceeded the DE Electronic industry average in the past year (24.1% vs 18.1%).
Earnings and Revenue History
Azbil'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 Azbil Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YMK Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 262,640.00 19,726.00 64,356.00 11,261.00
2018-09-30 262,248.00 18,403.00 63,686.00 11,261.00
2018-06-30 260,388.00 18,226.00 63,059.00 11,261.00
2018-03-31 260,384.00 17,890.00 62,193.00 11,261.00
2017-12-31 258,955.00 15,901.00 61,729.00 10,445.00
2017-09-30 255,100.00 16,155.00 61,043.00 10,445.00
2017-06-30 253,472.00 14,406.00 60,897.00 10,445.00
2017-03-31 254,810.00 13,153.00 60,882.00 10,445.00
2016-12-31 259,354.00 11,482.00 61,119.00 11,012.00
2016-09-30 260,400.00 8,851.00 62,211.00 11,012.00
2016-06-30 263,740.00 9,571.00 62,396.00 11,012.00
2016-03-31 256,889.00 8,268.00 62,939.00 11,012.00
2015-12-31 254,396.00 6,583.00 64,259.00 10,123.00
2015-09-30 252,859.00 6,733.00 64,162.00 10,123.00
2015-06-30 252,695.00 7,073.00 64,590.00 10,123.00
2015-03-31 254,469.00 7,168.00 64,542.00 10,123.00
2014-12-31 255,340.00 9,073.00 65,212.00 8,767.00
2014-09-30 252,829.00 8,819.00 64,851.00 8,767.00
2014-06-30 250,899.00 7,339.00 64,452.00 8,767.00
2014-03-31 248,416.00 7,669.00 63,874.00 8,767.00
2013-12-31 240,198.00 8,363.00 62,335.00 7,824.00
2013-09-30 234,109.00 7,837.00 60,144.00 7,824.00
2013-06-30 228,975.00 8,342.00 58,081.00 7,824.00
2013-03-31 227,584.00 8,308.00 56,892.00 7,824.00
2012-12-31 225,681.00 7,875.00 56,714.00 8,816.00
2012-09-30 225,007.00 7,562.00 57,264.00 8,816.00
2012-06-30 226,073.00 8,087.00 57,943.00 8,816.00

*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.
  • Azbil has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Azbil used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Azbil has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Azbil'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.
Azbil has a total score of 4/6, 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.

YMK Health

 How is Azbil'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 Azbil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Azbil is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Azbil's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Azbil'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 18.8x 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 Azbil Company Filings, last reported 3 months ago.

DB:YMK Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 175,789.00 10,378.00 72,527.00
2018-09-30 175,766.00 10,592.00 75,177.00
2018-06-30 171,566.00 10,574.00 75,796.00
2018-03-31 177,962.00 10,685.00 82,534.00
2017-12-31 169,858.00 10,821.00 70,731.00
2017-09-30 166,692.00 10,834.00 74,479.00
2017-06-30 161,398.00 10,885.00 76,645.00
2017-03-31 165,750.00 11,174.00 79,547.00
2016-12-31 158,040.00 10,360.00 64,057.00
2016-09-30 154,736.00 11,734.00 70,996.00
2016-06-30 152,745.00 12,574.00 68,395.00
2016-03-31 156,965.00 12,605.00 69,716.00
2015-12-31 154,527.00 14,233.00 59,981.00
2015-09-30 154,723.00 14,084.00 67,556.00
2015-06-30 153,943.00 15,317.00 69,582.00
2015-03-31 160,293.00 16,672.00 72,442.00
2014-12-31 151,203.00 17,829.00 60,586.00
2014-09-30 150,155.00 16,887.00 65,291.00
2014-06-30 147,211.00 17,545.00 66,594.00
2014-03-31 144,977.00 17,685.00 67,339.00
2013-12-31 141,523.00 18,472.00 58,724.00
2013-09-30 141,679.00 18,277.00 63,810.00
2013-06-30 139,539.00 18,321.00 61,555.00
2013-03-31 141,195.00 17,919.00 61,662.00
2012-12-31 132,944.00 10,878.00 56,851.00
2012-09-30 133,429.00 9,319.00 59,402.00
2012-06-30 131,656.00 10,182.00 57,949.00
  • Azbil's level of debt (5.9%) 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 (13% vs 5.9% today).
  • Debt is well covered by operating cash flow (173.2%, greater than 20% of total debt).
  • Azbil earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Azbil'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. Azbil 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.

YMK Dividends

 What is Azbil'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
1.73%
Current annual income from Azbil dividends. Estimated to be 1.87% next year.
If you bought €2,000 of Azbil shares you are expected to receive €35 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?
  • Azbil's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Azbil'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:YMK 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 6 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 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:YMK Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 53.00 1.00
2022-03-31 52.00 1.00
2021-03-31 50.50 6.00
2020-03-31 48.00 6.00
2019-03-31 45.42 6.00
DB:YMK Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-12 46.000 1.798
2019-02-06 46.000 1.942
2018-11-12 46.000 2.062
2018-11-02 46.000 2.043
2018-06-26 46.000 1.973
2018-05-11 46.000 1.751
2018-02-13 41.000 1.681
2018-02-06 41.000 1.751
2017-11-10 41.000 1.645
2017-11-02 41.000 1.619
2017-06-27 41.000 1.801
2017-05-12 41.000 1.968
2017-02-13 34.500 1.858
2017-02-03 34.500 1.960
2016-11-11 37.000 2.287
2016-11-02 34.500 2.265
2016-06-28 34.500 2.247
2016-05-13 34.500 2.320
2016-02-12 33.500 2.365
2016-02-04 33.500 2.414
2015-11-11 33.500 2.239
2015-10-30 33.500 2.137
2015-08-05 33.500 2.238
2015-06-25 33.500 2.181
2015-05-13 33.500 2.022
2015-02-13 31.500 1.964
2015-02-04 31.500 2.107
2014-11-13 31.500 2.247
2014-10-30 31.500 2.399
2014-06-26 31.500 2.461
2014-05-12 31.500 2.606
2014-02-13 31.500 2.605
2014-02-05 31.500 2.599
2013-11-01 31.500 2.636
2013-05-10 31.500 2.882
2013-02-13 31.500 3.171
2013-02-05 31.500 3.258
2012-11-09 31.500 3.604
2012-11-01 31.500 3.919
2012-08-02 31.500 3.990
2012-05-08 31.500 4.003
2012-02-10 31.500 3.517
2012-02-02 31.500 3.640
2011-11-09 31.500 3.832
2011-10-28 31.500 3.778
2011-07-29 31.500 3.852
2011-05-10 31.500 3.557
2011-02-09 31.500 3.180
2011-02-01 31.500 3.129
2010-11-09 31.500 3.261
2010-10-29 31.500 3.475
2010-07-07 31.500 2.959
2010-02-09 31.000 2.816
2010-02-02 31.000 3.025
2009-11-09 31.000 3.129
2009-10-30 31.000 3.177
2009-05-08 31.000 3.207
2009-04-24 31.000 3.745

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Azbil's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Azbil'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 Azbil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Azbil 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.

YMK Management

 What is the CEO of Azbil'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
Hirozumi Sone
AGE 63
TENURE AS CEO 7 years
CEO Bio

Mr. Hirozumi Sone has been Group Chief Executive Officer and President of Azbil Corporation (alternate name: Yamatake Corp.) since April 1, 2012. Mr. Sone served as Managing Executive Officer of Azbil Corporation since April 2008 until April 2012. Mr. Sone serves as President of Yamatake Care-Net Co. Ltd. and Safety Service Center Co. Ltd. Mr. Sone served as an Executive Officer of Azbil Corporation since April 2005 until April 2008. He serves as Representative Director of Azbil Corporation.

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

Average tenure of the Azbil management team in years:

6
Average Tenure
  • The average tenure for the Azbil management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tadayuki Sasaki

TITLE
Chairman

Hirozumi Sone

TITLE
Group CEO
AGE
63
TENURE
7 yrs

Junya Nishimoto

TITLE
Managing Executive Officer & GM of Technology Development Headquarters
TENURE
0.3 yrs

Masato Iwasaki

TITLE
Managing Executive Officer & Executive Director
AGE
58
TENURE
8 yrs

Hiroshi Arai

TITLE
Managing Executive Officer & GM of IT Solutions Headquarters
TENURE
7 yrs

Yoshifumi Suzuki

TITLE
Executive Officer
TENURE
0.3 yrs

Hideaki Ishii

TITLE
Executive Officer
TENURE
2 yrs

Yoshimitsu Hojo

TITLE
Managing Executive Officer
TENURE
6 yrs

Kazuyasu Hamada

TITLE
Managing Executive Officer

Hiroshi Shimizu

TITLE
Executive Officer and GM of Advanced Solutions Department
Board of Directors Tenure

Average tenure and age of the Azbil board of directors in years:

4.8
Average Tenure
63
Average Age
  • The tenure for the Azbil board of directors is about average.
Board of Directors

Tadayuki Sasaki

TITLE
Chairman
TENURE
0.8 yrs

Hirozumi Sone

TITLE
Group CEO
AGE
63
TENURE
9 yrs

Masato Iwasaki

TITLE
Managing Executive Officer & Executive Director
AGE
58
TENURE
6.8 yrs

Yoshimitsu Hojo

TITLE
Managing Executive Officer
TENURE
4.8 yrs

Kazuyasu Hamada

TITLE
Managing Executive Officer
TENURE
0.8 yrs

Takayuki Yokota

TITLE
Managing Executive Officer
TENURE
0.8 yrs

Eugene Lee

TITLE
Outside Director
TENURE
11.8 yrs

Katsuhiko Tanabe

TITLE
Outside Director
AGE
76
TENURE
8.8 yrs

Peter Ito

TITLE
Outside Director
TENURE
4.8 yrs

Waka Fujiso

TITLE
Outside 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 Azbil'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. Azbil 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.

YMK News

Simply Wall St News

YMK Company Info

Description

Azbil Corporation provides automation products and services worldwide. The company operates through three segments: Building Automation, Advanced Automation, and Life Automation. The Building Automation segment supplies commercial buildings and production facilities with automatic heating ventilation; and air conditioning control and security systems that include products, engineering, and related services. The Advance Automation segment supplies automation control systems, switches and sensors, and engineering and maintenance services to industrial plants and factories. The Life Automation segment supplies meters for lifelines, residential central air-conditioning systems, and life sciences research systems; and manufactures and sells manufacturing equipment and environmental equipment for the pharmaceutical and medical fields, as well as other related services. The company was formerly known as Yamatake Corporation and changed its name to Azbil Corporation in April 2012. Azbil Corporation was founded in 1906 and is headquartered in Tokyo, Japan.

Details
Name: Azbil Corporation
YMK
Exchange: DB
Founded: 1906
¥3,034,926,130
143,205,827
Website: http://www.azbil.com
Address: Azbil Corporation
Tokyo Building,
19th Floor,
Tokyo,
100-6419,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6845 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB YMK Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
9,328
Azbil employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:01
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/09
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.