DB:01T

Stock Analysis Report

Executive Summary

Tokyu Corporation engages in the railway, real estate, life service, hotel and resort, and business support businesses in Japan and internationally.

Snowflake

Fundamentals

Second-rate dividend payer with imperfect balance sheet.

Share Price & News

How has Tokyu's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.8%

DB:01T

-2.8%

DE Transportation

-1.5%

DE Market


1 Year Return

12.5%

DB:01T

-20.8%

DE Transportation

-10.4%

DE Market

01T outperformed the Transportation industry which returned -20.8% over the past year.

01T outperformed the Market in Germany which returned -10.4% over the past year.


Share holder returns

01TIndustryMarket
7 Day-2.8%-2.8%-1.5%
30 Day-1.3%-10.5%-4.6%
90 Day-1.8%-10.2%-4.6%
1 Year13.7%12.5%-19.0%-20.8%-7.6%-10.4%
3 Year18.6%14.7%59.1%48.0%9.4%0.03%
5 Year51.8%44.0%118.5%91.1%25.6%8.1%

Price Volatility Vs. Market

How volatile is Tokyu's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tokyu undervalued based on future cash flows and its price relative to the stock market?

18.92x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Tokyu's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Tokyu's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Tokyu is overvalued based on earnings compared to the Europe Transportation industry average.

Tokyu is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Tokyu is poor value based on expected growth next year.


Price Based on Value of Assets

Tokyu is overvalued based on assets compared to the DE Transportation industry average.


Next Steps

Future Growth

How is Tokyu expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Tokyu's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).

Tokyu's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).

Tokyu's revenue growth is positive but not above the Germany market average.

Tokyu's earnings growth is positive but not above the Germany market average.

Tokyu's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Tokyu is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Tokyu performed over the past 5 years?

6.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Tokyu's year on year earnings growth rate has been positive over the past 5 years.

Tokyu's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Tokyu's 1-year earnings growth is negative, it can't be compared to the Europe Transportation industry average.


Return on Equity

Tokyu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Tokyu used its assets less efficiently than the Europe Transportation industry average last year based on Return on Assets.


Return on Capital Employed

Tokyu's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Tokyu's financial position?


Financial Position Analysis

Tokyu's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Tokyu's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Tokyu's level of debt (133.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (178.6% vs 133.9% today).

Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 10.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

What is Tokyu's current dividend yield, its reliability and sustainability?

1.22%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Tokyu before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Tokyu's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.57%).

Tokyu's dividend is below the markets top 25% of dividend payers in Germany (4.29%).

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

Dividends paid are well covered by earnings (5x 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.


Next Steps

Management

What is the CEO of Tokyu's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Kazuo Takahashi (62yo)

1.3yrs

Tenure

0

Mr. Kazuo Takahashi has been the President of Tokyu Corporation since April 1, 2018. Mr. Takahashi served as Senior Managing Executive Officer of Tokyu Corporation since April 2016 until April 1, 2018 and  ...


Management Age and Tenure

7.3yrs

Average Tenure

67yo

Average Age

The average tenure for the Tokyu management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.3yrs

Average Tenure

63yo

Average Age

The tenure for the Tokyu board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Sugita Yoshiki (72yo)

    Vice President

    • Tenure: 8.3yrs
  • Tsuneyasu Kuwahara (70yo)

    Investigation Officer

    • Tenure: 0.0yrs
  • Yoshiomi Yuasa

    President -Izukyu Coporation and Representative Director-Izukyu Coporation

    • Tenure: 0.0yrs
  • Haruka Takahashi (69yo)

    Investigation Officer

    • Tenure: 0.0yrs
  • Isao Watanabe (63yo)

    Senior Managing Exec. Officer

    • Tenure: 0.0yrs
  • Masao Tomoe (66yo)

    Vice President and Representative Director

    • Tenure: 2.5yrs
  • Toshio Imamura (68yo)

    Executive Vice President and Representative Director

    • Tenure: 0.0yrs
  • Yasuyuki Izumi (63yo)

    Managing Director

    • Tenure: 12.1yrs
  • Kazuo Takahashi (62yo)

    President & Director

    • Tenure: 1.3yrs
  • Hirohisa Fujiwara

    Director & Managing Executive Officer

    • Tenure: 0.0yrs

Board Members

  • Yoshiomi Yuasa

    President -Izukyu Coporation and Representative Director-Izukyu Coporation

    • Tenure: 0.0yrs
  • Hirofumi Nomoto (72yo)

    Chairman

    • Tenure: 1.3yrs
  • Isao Watanabe (63yo)

    Senior Managing Exec. Officer

    • Tenure: 0.0yrs
  • Masao Tomoe (66yo)

    Vice President and Representative Director

    • Tenure: 2.5yrs
  • Toshio Imamura (68yo)

    Executive Vice President and Representative Director

    • Tenure: 0.0yrs
  • Toshiyuki Hoshino (62yo)

    Managing Executive Officer

    • Tenure: 9.2yrs
  • Kazuo Takahashi (62yo)

    President & Director

    • Tenure: 1.3yrs
  • Setsu Hamana (59yo)

    Exec. Officer

    • Tenure: 0.0yrs
  • Toshiyuki Ichiki (63yo)

    Exec. Officer

    • Tenure: 0.0yrs
  • Hirohisa Fujiwara

    Director & Managing Executive Officer

    • Tenure: 0.0yrs

Company Information

Tokyu Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tokyu Corporation
  • Ticker: 01T
  • Exchange: DB
  • Founded: 1922
  • Industry: Railroads
  • Sector: Transportation
  • Market Cap: JP¥1.148t
  • Listing Market Cap: JP¥9.710b
  • Shares outstanding: 607.93m
  • Website: https://www.tokyu.co.jp

Number of Employees


Location

  • Tokyu Corporation
  • 5-6 Nampeidai-cho
  • Shibuya-ku
  • Tokyo
  • 150-8511
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9005TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
TOKU.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
01TDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
TOKU.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Tokyu Corporation engages in the railway, real estate, life service, hotel and resort, and business support businesses in Japan and internationally. It provides passenger railway transportation services, w ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 21:13
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.