DB:T41

Stock Analysis Report

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Executive Summary

Tobu Railway Co., Ltd. operates a private rail system in the Kanto region. More Details


Snowflake Analysis

Average dividend payer with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: T41 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

T41

-5.8%

DE Transportation

-2.9%

DE Market


1 Year Return

-11.5%

T41

-38.1%

DE Transportation

2.6%

DE Market

Return vs Industry: T41 exceeded the German Transportation industry which returned -38.1% over the past year.

Return vs Market: T41 underperformed the German Market which returned 2.6% over the past year.


Shareholder returns

T41IndustryMarket
7 Day0%-5.8%-2.9%
30 Day3.2%-3.6%-3.2%
90 Day-9.0%-4.3%1.4%
1 Year-11.0%-11.5%-36.1%-38.1%5.1%2.6%
3 Year17.9%14.8%-29.1%-36.3%0.2%-7.9%
5 Year44.0%37.0%-1.9%-15.2%32.2%14.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Tobu Railway undervalued compared to its fair value and its price relative to the market?

2.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: T41 (€26.2) is trading below our estimate of fair value (€26.79)

Significantly Below Fair Value: T41 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: T41 is poor value based on its PE Ratio (65.7x) compared to the XE Transportation industry average (11.9x).

PE vs Market: T41 is poor value based on its PE Ratio (65.7x) compared to the German market (22x).


Price to Earnings Growth Ratio

PEG Ratio: T41 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: T41 is overvalued based on its PB Ratio (1.5x) compared to the XE Transportation industry average (0.9x).


Next Steps

Future Growth

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

64.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: T41's forecast earnings growth (64.6% per year) is above the savings rate (0.2%).

Earnings vs Market: T41's earnings (64.6% per year) are forecast to grow faster than the German market (27.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: T41's revenue (3.7% per year) is forecast to grow slower than the German market (6.2% per year).

High Growth Revenue: T41's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: T41's Return on Equity is forecast to be low in 3 years time (5.7%).


Next Steps

Past Performance

How has Tobu Railway performed over the past 5 years?

0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: T41 has high quality earnings.

Growing Profit Margin: T41's current net profit margins (1.8%) are lower than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: T41's earnings have grown by 0.2% per year over the past 5 years.

Accelerating Growth: T41's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: T41 had negative earnings growth (-65.4%) over the past year, making it difficult to compare to the Transportation industry average (-24%).


Return on Equity

High ROE: T41's Return on Equity (2.3%) is considered low.


Next Steps

Financial Health

How is Tobu Railway's financial position?


Financial Position Analysis

Short Term Liabilities: T41's short term assets (¥124.9B) do not cover its short term liabilities (¥356.3B).

Long Term Liabilities: T41's short term assets (¥124.9B) do not cover its long term liabilities (¥831.2B).


Debt to Equity History and Analysis

Debt Level: T41's debt to equity ratio (180.6%) is considered high.

Reducing Debt: T41's debt to equity ratio has reduced from 194.1% to 180.6% over the past 5 years.

Debt Coverage: T41's debt is not well covered by operating cash flow (12.2%).

Interest Coverage: T41's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Tobu Railway current dividend yield, its reliability and sustainability?

1.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: T41's dividend (1.22%) is higher than the bottom 25% of dividend payers in the German market (1.18%).

High Dividend: T41's dividend (1.22%) is low compared to the top 25% of dividend payers in the German market (3.7%).


Stability and Growth of Payments

Stable Dividend: T41's dividends per share have been stable in the past 10 years.

Growing Dividend: T41's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (80%), T41's payments are 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?

4.5yrs

Average management tenure


CEO

Yoshizumi Nezu (69 yo)

21.25yrs

Tenure

Mr. Yoshizumi Nezu has been the President of Tobu Railway Co., Ltd. since June 1999. Mr. Nezu joined Tobu Railway Co., Ltd in April 1974 and served as its Managing Director since April 1991; Senior Managin ...


Leadership Team

NamePositionTenureCompensationOwnership
Yoshizumi Nezu
President & Representative Director21.25yrsno data0.19%
¥ 10.7m
Toshiaki Onodera
Chief of Inspection Officeno datano data0.0029%
¥ 160.8k
Kenichi Tsunoda
VP & Representative Directorno datano data0.0057%
¥ 318.3k
Osamu Makino
Senior Managing Directorno datano datano data
Hiroaki Miwa
MD & Representative Directorno datano data0.0027%
¥ 149.7k
Shinji Inomori
Senior Managing Directorno datano datano data
Akihiro Ojiro
MD, GM of Lifestyle Service Foundation Divno datano datano data
Koichi Sekiguchi
Railway Division Deputy GM & Directorno datano data0.0017%
¥ 93.8k
Yoshimi Yokota
MD & Manager of Corporate Planning Department4.67yrsno data0.0024%
¥ 131.2k
Yasuyoshi Okuma
Systems Development Managerno datano datano data
Yutaka Tsuzuki
MD & GM of Railway Business Division4.42yrsno datano data
Hiroya Otsuka
Manager of Group Business Departmentno datano data0.0014%
¥ 80.4k

4.5yrs

Average Tenure

62yo

Average Age

Experienced Management: T41's management team is considered experienced (4.5 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

Tobu Railway Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tobu Railway Co., Ltd.
  • Ticker: T41
  • Exchange: DB
  • Founded: 1896
  • Industry: Railroads
  • Sector: Transportation
  • Market Cap: JP¥685.324b
  • Listing Market Cap: JP¥5.584b
  • Shares outstanding: 208.62m
  • Website: https://www.tobu.co.jp

Number of Employees


Location

  • Tobu Railway Co., Ltd.
  • 18-12 Oshiage 2-chome
  • Sumida-ku
  • Tokyo
  • 131-8522
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9001TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYJan 1992
TBUR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1992
T41DB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1992

Biography

Tobu Railway Co., Ltd. operates a private rail system in the Kanto region. The company’s transportation business consists of fixed-route and long distance bus services, taxi services, freight trucking, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 03:20
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
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.