DB:01T

Stock Analysis Report

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Executive Summary

Tokyu Corporation engages in the railway and real estate businesses in Japan and internationally.


Snowflake Analysis

Average dividend payer with questionable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 01T's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.2%

01T

4.4%

DE Transportation

2.6%

DE Market


1 Year Return

-37.2%

01T

-33.1%

DE Transportation

8.1%

DE Market

Return vs Industry: 01T underperformed the German Transportation industry which returned -33.1% over the past year.

Return vs Market: 01T underperformed the German Market which returned 8.1% over the past year.


Shareholder returns

01TIndustryMarket
7 Day9.2%4.4%2.6%
30 Day-13.7%1.5%-0.08%
90 Day-28.4%-3.1%12.1%
1 Year-36.5%-37.2%-31.0%-33.1%10.5%8.1%
3 Year-16.3%-19.1%-24.9%-32.2%6.4%-2.1%
5 Year-20.8%-25.0%-4.4%-16.7%15.2%-0.3%

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 compared to its fair value and its price relative to the market?

18.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 01T (€10.1) is trading above our estimate of fair value (€2.55)

Significantly Below Fair Value: 01T is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 01T is poor value based on its PE Ratio (18.1x) compared to the XE Transportation industry average (8.7x).

PE vs Market: 01T is good value based on its PE Ratio (18.1x) compared to the German market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: 01T is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 01T's PB Ratio (1x) is in line with the XE Transportation industry average.


Next Steps

Future Growth

How is Tokyu forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 01T's forecast earnings growth (17.1% per year) is above the savings rate (0.2%).

Earnings vs Market: 01T's earnings (17.1% per year) are forecast to grow slower than the German market (24% per year).

High Growth Earnings: 01T's earnings are forecast to grow, but not significantly.

Revenue vs Market: 01T's revenue (0.4% per year) is forecast to grow slower than the German market (5.8% per year).

High Growth Revenue: 01T's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 01T's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

How has Tokyu performed over the past 5 years?

1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 01T has high quality earnings.

Growing Profit Margin: 01T's current net profit margins (3.6%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: 01T's earnings have grown by 1.8% per year over the past 5 years.

Accelerating Growth: 01T's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 01T had negative earnings growth (-26.7%) over the past year, making it difficult to compare to the Transportation industry average (1%).


Return on Equity

High ROE: 01T's Return on Equity (5.4%) is considered low.


Next Steps

Financial Health

How is Tokyu's financial position?


Financial Position Analysis

Short Term Liabilities: 01T's short term assets (¥345.9B) do not cover its short term liabilities (¥725.1B).

Long Term Liabilities: 01T's short term assets (¥345.9B) do not cover its long term liabilities (¥1,002.5B).


Debt to Equity History and Analysis

Debt Level: 01T's debt to equity ratio (142.2%) is considered high.

Reducing Debt: 01T's debt to equity ratio has reduced from 157.3% to 142.2% over the past 5 years.

Debt Coverage: 01T's debt is not well covered by operating cash flow (13.5%).

Interest Coverage: 01T's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Next Steps

Dividend

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

1.82%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 01T's dividend (1.82%) is higher than the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: 01T's dividend (1.82%) is low compared to the top 25% of dividend payers in the German market (3.78%).


Stability and Growth of Payments

Stable Dividend: 01T's dividends per share have been stable in the past 10 years.

Growing Dividend: 01T's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.1%), 01T's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Kazuo Takahashi (63 yo)

2.33yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Kazuo Takahashi
President & Director2.33yrsno data0.0035%
¥ 213.1k
Toshiyuki Hoshino
Senior Managing Executive Officer & Director10.17yrsno data0.0028%
¥ 172.1k
Yasuyuki Izumi
Managing Director13.08yrsno datano data
Toshiyuki Ichiki
Senior Managing Executive Officer0.58yrno data0.0022%
¥ 131.7k
Hirohisa Fujiwara
Director & Managing Executive Officerno datano data0.00083%
¥ 50.8k
Masahiro Horie
Managing Executive Officer0.58yrno data0.00099%
¥ 60.6k
Toshiyuki Takahashi
Managing Executive Officer & Directorno datano data0.0020%
¥ 121.9k
Yoshiomi Yuasa
President -Izukyu Coporation and Representative Director-Izukyu Coporationno datano datano data
Sugita Yoshiki
Vice President9.33yrsno datano data
Tsuneyasu Kuwahara
Investigation Officerno datano datano data
Haruka Takahashi
Investigation Officerno datano datano data
Masao Tomoe
Executive VP & Representative Director3.5yrsno data0.0030%
¥ 182.5k

2.3yrs

Average Tenure

64yo

Average Age

Experienced Management: 01T's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kazuo Takahashi
President & Director2.33yrsno data0.0035%
¥ 213.1k
Toshiyuki Hoshino
Senior Managing Executive Officer & Director10.17yrsno data0.0028%
¥ 172.1k
Hirohisa Fujiwara
Director & Managing Executive Officerno datano data0.00083%
¥ 50.8k
Toshiyuki Takahashi
Managing Executive Officer & Directorno datano data0.0020%
¥ 121.9k
Yoshiomi Yuasa
President -Izukyu Coporation and Representative Director-Izukyu Coporationno datano datano data
Masao Tomoe
Executive VP & Representative Director3.5yrsno data0.0030%
¥ 182.5k
Setsu Hamana
Managing Executive Officerno datano data0.0015%
¥ 91.3k
Kunio Ishihara
External Corporate Auditor8.17yrsno data0.0013%
¥ 80.8k
Kiyoshi Kanazashi
Independent Outside Director8.17yrsno data0.00083%
¥ 50.8k
Hirofumi Nomoto
Chairman2.33yrsno data0.023%
¥ 1.4m
Keiichi Konaga
Independent Outside Director12.17yrsno data0.0013%
¥ 80.8k
Reiko Kanise
Independent Outside Directorno datano data0.00099%
¥ 60.6k

8.2yrs

Average Tenure

70yo

Average Age

Experienced Board: 01T's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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¥764.075b
  • Listing Market Cap: JP¥6.124b
  • Shares outstanding: 604.01m
  • 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 and real estate businesses in Japan and internationally. It provides passenger railway transportation services, which include 8 Tokyu lines in eastern Kanagawa and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 20:41
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.