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Yamato Holdings

DB:YTT
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YTT
DB
¥860B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Yamato Holdings Co., Ltd. provides delivery, logistics, home convenience, e-business, financial, auto works, and other related services in Japan and internationally. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • Yamato Holdings has significant price volatility in the past 3 months.
YTT Share Price and Events
7 Day Returns
-0.6%
DB:YTT
0%
Europe Logistics
-1%
DE Market
1 Year Returns
-28.8%
DB:YTT
-1.6%
Europe Logistics
-6.2%
DE Market
YTT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yamato Holdings (YTT) -0.6% -2% -17.6% -28.8% -17.6% 17.1%
Europe Logistics 0% 4.4% -5.3% -1.6% 5.2% -0.2%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • YTT underperformed the Logistics industry which returned -1.6% over the past year.
  • YTT underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
YTT
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Yamato Holdings's competitors could be found in our database.

YTT Value

 Is Yamato Holdings 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 Yamato Holdings 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 Yamato Holdings.

DB:YTT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 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:YTT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Logistics Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.015 (1 + (1- 30.86%) (13.17%))
1.072
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% + (1.072 * 5.96%)
6.62%

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

The calculations below outline how an intrinsic value for Yamato Holdings 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:YTT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.62%)
2020 14,432.50 Analyst x4 13,536.54
2021 24,664.40 Analyst x5 21,697.15
2022 23,164.29 Analyst x7 19,112.48
2023 22,162.31 Est @ -4.33% 17,150.59
2024 21,506.42 Est @ -2.96% 15,609.84
2025 21,075.60 Est @ -2% 14,347.50
2026 20,794.48 Est @ -1.33% 13,277.32
2027 20,614.55 Est @ -0.87% 12,345.31
2028 20,503.79 Est @ -0.54% 11,516.71
2029 20,440.69 Est @ -0.31% 10,768.52
Present value of next 10 years cash flows ¥149,361.94
DB:YTT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥20,440.69 × (1 + 0.23%) ÷ (6.62% – 0.23%)
¥320,572.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥320,572.60 ÷ (1 + 6.62%)10
¥168,883.29
DB:YTT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥149,361.94 + ¥168,883.29
¥318,245.23
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥318,245.23 / 394.27
¥807.17
DB:YTT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:YTT represents 0.00807x of TSE:9064
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00807x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 807.17 x 0.00807
€6.52
Value per share (EUR) From above. €6.52
Current discount Discount to share price of €17.60
= -1 x (€17.60 - €6.52) / €6.52
-170.1%

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

  • The current share price of Yamato Holdings 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 Yamato Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yamato Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YTT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥65.14
TSE:9064 Share Price ** TSE (2019-07-16) in JPY ¥2180.5
Europe Logistics Industry PE Ratio Median Figure of 18 Publicly-Listed Logistics Companies 16.51x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

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

** Primary Listing of Yamato Holdings.

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

= TSE:9064 Share Price ÷ EPS (both in JPY)

= 2180.5 ÷ 65.14

33.48x

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

  • Yamato Holdings is overvalued based on earnings compared to the Europe Logistics industry average.
  • Yamato Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Yamato Holdings's expected growth come at a high price?
Raw Data
DB:YTT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
14.7%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.55x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.48x ÷ 14.7%

2.28x

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

  • Yamato Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Yamato Holdings's assets?
Raw Data
DB:YTT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,435.14
TSE:9064 Share Price * TSE (2019-07-16) in JPY ¥2180.5
Europe Logistics Industry PB Ratio Median Figure of 25 Publicly-Listed Logistics Companies 2.22x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:YTT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9064 Share Price ÷ Book Value per Share (both in JPY)

= 2180.5 ÷ 1,435.14

1.52x

* Primary Listing of Yamato Holdings.

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

  • Yamato Holdings is good value based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess Yamato Holdings'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 Logistics 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 Logistics industry average (and greater than 0)? (1 check)
  5. Yamato Holdings has a total score of 1/6, 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.

YTT Future Performance

 How is Yamato Holdings expected to perform in the next 1 to 3 years based on estimates from 10 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
14.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yamato Holdings expected to grow at an attractive rate?
  • Yamato Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Yamato Holdings's earnings growth is expected to exceed the Germany market average.
  • Yamato Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:YTT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YTT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 14.7%
DB:YTT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3.9%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:YTT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YTT Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 1,830,258 103,825 49,425 9
2021-03-31 1,767,882 105,069 46,407 10
2020-03-31 1,700,954 96,812 42,164 10
DB:YTT Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,625,315 118,093 25,682
2018-12-31 1,624,648 43,996
2018-09-30 1,598,142 108,311 40,299
2018-06-30 1,564,025 28,806
2018-03-31 1,538,813 51,728 18,231
2017-12-31 1,520,484 -237
2017-09-30 1,489,965 36,435 -5,588
2017-06-30 1,480,454 6,455
2017-03-31 1,466,852 73,324 18,053
2016-12-31 1,450,270 37,012
2016-09-30 1,439,317 89,656 41,219
2016-06-30 1,429,357 41,177

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yamato Holdings's earnings are expected to grow by 14.7% yearly, however this is not considered high growth (20% yearly).
  • Yamato Holdings's revenue is expected to grow by 3.9% 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:YTT 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 10 Analyst Estimates (S&P Global) See Below

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

DB:YTT Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 127.59 143.60 114.71 9.00
2021-03-31 119.07 136.50 105.71 10.00
2020-03-31 107.07 127.90 94.40 10.00
DB:YTT Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 65.14
2018-12-31 111.59
2018-09-30 102.21
2018-06-30 73.06
2018-03-31 46.24
2017-12-31 -0.60
2017-09-30 -14.12
2017-06-30 16.26
2017-03-31 45.37
2016-12-31 92.57
2016-09-30 102.49
2016-06-30 101.69

*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.
  • Yamato Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Yamato Holdings'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Yamato Holdings has a total score of 2/6, 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.

YTT Past Performance

  How has Yamato Holdings 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 Yamato Holdings's growth in the last year to its industry (Logistics).
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.
  • Yamato Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Yamato Holdings's 1-year earnings growth exceeds its 5-year average (40.9% vs -10.7%)
  • Yamato Holdings's earnings growth has exceeded the Europe Logistics industry average in the past year (40.9% vs -13.6%).
Earnings and Revenue History
Yamato Holdings'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 Yamato Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YTT Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,625,315.00 25,682.00 42,157.00
2018-12-31 1,624,648.00 43,996.00 41,647.00
2018-09-30 1,598,142.00 40,299.00 40,963.00
2018-06-30 1,564,025.00 28,806.00 40,760.00
2018-03-31 1,538,813.00 18,231.00 40,658.00
2017-12-31 1,520,484.00 -237.00 39,511.00
2017-09-30 1,489,965.00 -5,588.00 37,750.00
2017-06-30 1,480,454.00 6,455.00 37,022.00
2017-03-31 1,466,852.00 18,053.00 36,039.00
2016-12-31 1,450,270.00 37,012.00 38,012.00
2016-09-30 1,439,317.00 41,219.00 36,882.00
2016-06-30 1,429,357.00 41,177.00 35,287.00
2016-03-31 1,416,413.00 39,424.00 33,915.00
2015-12-31 1,411,985.00 36,536.00 34,194.00
2015-09-30 1,407,256.00 35,143.00 33,424.00
2015-06-30 1,401,672.00 37,198.00 32,328.00
2015-03-31 1,396,708.00 37,533.00 31,119.00
2014-12-31 1,396,937.00 40,672.00 31,733.00
2014-09-30 1,392,029.00 34,549.00 31,180.00
2014-06-30 1,384,027.00 32,247.00 31,580.00
2014-03-31 1,374,610.00 34,776.00 31,279.00
2013-12-31 1,344,834.00 33,586.00 30,912.00
2013-09-30 1,320,893.00 39,437.00 30,446.00
2013-06-30 1,298,117.00 37,690.00 29,473.00
2013-03-31 1,282,373.00 35,144.00 29,149.00
2012-12-31 1,273,355.00 30,360.00 28,779.00
2012-09-30 1,264,604.00 21,992.00 28,098.00

*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.
  • Yamato Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yamato Holdings used its assets less efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • Yamato Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Yamato Holdings'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 Logistics 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.
Yamato Holdings has a total score of 2/6, 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.

YTT Health

 How is Yamato Holdings'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 Yamato Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yamato Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yamato Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yamato Holdings'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 4.9x 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 Yamato Holdings Company Filings, last reported 3 months ago.

DB:YTT Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 573,387.00 90,300.00 195,954.00
2018-12-31 587,664.00 135,200.00 199,753.00
2018-09-30 563,518.00 121,540.00 186,819.00
2018-06-30 554,409.00 122,769.00 188,298.00
2018-03-31 557,586.00 147,252.00 204,422.00
2017-12-31 559,364.00 154,046.00 170,627.00
2017-09-30 530,767.00 154,990.00 175,134.00
2017-06-30 532,935.00 167,665.00 224,990.00
2017-03-31 545,558.00 170,874.00 230,128.00
2016-12-31 568,319.00 163,871.00 226,597.00
2016-09-30 546,611.00 163,080.00 224,530.00
2016-06-30 541,053.00 169,430.00 233,793.00
2016-03-31 543,855.00 166,448.00 249,593.00
2015-12-31 581,042.00 144,567.00 208,094.00
2015-09-30 556,751.00 140,580.00 199,810.00
2015-06-30 568,273.00 131,226.00 222,991.00
2015-03-31 571,198.00 127,979.00 247,398.00
2014-12-31 556,571.00 137,774.00 223,834.00
2014-09-30 563,226.00 110,996.00 212,203.00
2014-06-30 553,552.00 105,975.00 202,265.00
2014-03-31 560,171.00 98,677.00 220,147.00
2013-12-31 570,947.00 95,889.00 206,613.00
2013-09-30 553,578.00 88,266.00 218,213.00
2013-06-30 544,471.00 85,938.00 207,714.00
2013-03-31 542,913.00 82,023.00 213,619.00
2012-12-31 549,174.00 81,508.00 194,440.00
2012-09-30 525,754.00 80,684.00 190,952.00
  • Yamato Holdings's level of debt (19.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (19.3% vs 19.7% today).
  • Debt is well covered by operating cash flow (104.3%, greater than 20% of total debt).
  • Yamato Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Yamato Holdings'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. Yamato Holdings has a total score of 5/6, 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.

YTT Dividends

 What is Yamato Holdings'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
1.42%
Current annual income from Yamato Holdings dividends. Estimated to be 1.6% next year.
If you bought €2,000 of Yamato Holdings shares you are expected to receive €28 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?
  • Yamato Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Yamato Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.82%).
Upcoming dividend payment

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

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:YTT 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 10 Analyst Estimates (S&P Global) See Below
Europe Logistics Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:YTT Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 38.89 9.00
2021-03-31 34.90 10.00
2020-03-31 31.11 9.00
DB:YTT Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-21 31.000 1.402
2019-04-26 31.000 1.364
2019-02-14 28.000 0.993
2019-01-30 28.000 0.973
2018-11-14 28.000 0.940
2018-10-31 28.000 0.954
2018-06-22 28.000 0.854
2018-05-01 28.000 0.887
2018-01-30 27.000 0.987
2017-10-31 27.000 1.161
2017-06-22 27.000 1.196
2017-04-28 27.000 1.135
2017-02-10 26.000 1.091
2017-01-30 28.000 1.222
2016-11-10 28.000 1.189
2016-10-31 28.000 1.238
2016-06-17 27.000 1.120
2016-04-28 27.000 1.209
2016-02-10 26.000 1.137
2016-01-28 26.000 1.040
2015-11-12 26.000 1.081
2015-10-29 26.000 1.101
2015-06-19 26.000 1.060
2015-06-11 26.000 1.068
2015-02-13 24.000 0.886
2015-01-29 24.000 0.900
2014-11-12 24.000 0.959
2014-10-30 24.000 1.002
2014-06-20 24.000 1.149
2014-06-06 24.000 1.110
2014-02-13 24.000 1.119
2014-01-29 24.000 1.137
2013-11-12 24.000 1.147
2013-10-30 24.000 1.152
2013-06-20 24.000 1.104
2013-04-30 24.000 1.218
2013-02-13 22.000 1.301
2013-01-31 22.000 1.475
2012-11-12 22.000 1.690
2012-10-31 22.000 1.827
2012-07-31 22.000 1.757
2012-05-25 22.000 1.761
2012-02-10 22.000 1.758
2012-01-30 22.000 1.767
2011-11-11 22.000 1.752
2011-10-28 22.000 1.685
2011-06-24 22.000 1.653
2011-04-28 22.000 1.799
2011-02-10 22.000 1.721
2011-01-28 22.000 1.764
2010-11-11 22.000 1.913
2010-10-28 22.000 2.089
2010-06-25 22.000 2.058
2010-04-28 22.000 1.763
2010-02-12 22.000 1.745
2010-01-29 22.000 1.817
2009-11-11 22.000 1.726
2009-10-29 22.000 1.667
2009-06-25 22.000 1.591
2009-04-28 22.000 1.879
2009-02-12 22.000 2.337
2009-01-30 22.000 2.294
2008-10-30 22.000 2.001

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 Yamato Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x 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 Yamato Holdings'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 Yamato Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yamato Holdings 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.

YTT Management

 What is the CEO of Yamato Holdings'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
Yutaka Nagao
TENURE AS CEO 0.3 years
CEO Bio

Mr. Yutaka Nagao serves as a Director of Yamato Transport Co., Ltd. Mr. Nagao was Chief Executive Officer and President of Yamato Transport Co., Ltd. until April, 2019. He serves as an Executive Officer and Director of Yamato Holdings Co., Ltd. since April 2015 and June 2017 respectively. He has been the President of Yamato Holdings Co., Ltd. since April 2019 and was its Vice President until 2019.

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

Average tenure of the Yamato Holdings management team in years:

3.5
Average Tenure
  • The tenure for the Yamato Holdings management team is about average.
Management Team

Masaki Yamauchi

TITLE
Chairperson of the Board of Directors
TENURE
14.3 yrs

Yutaka Nagao

TITLE
President
TENURE
0.3 yrs

Kenichi Shibasaki

TITLE
VP, Executive Officer & Representative Director
TENURE
3.3 yrs

Kenji Minaki

TITLE
Executive Officer & VP
TENURE
4.3 yrs

Haruo Kanda

TITLE
VP, Executive Officer & Representative Director
TENURE
6.3 yrs

Hideo Tanzawa

TITLE
Managing Executive Officer
TENURE
3.3 yrs

Richard Chua

TITLE
Executive Officer
AGE
61

Yoshihiko Hoshino

TITLE
Executive Officer

Tomoki Otani

TITLE
Managing Executive Officer

Shinji Makiura

TITLE
Managing Executive Officer
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Yamato Holdings board of directors in years:

2.1
Average Tenure
67.5
Average Age
  • The average tenure for the Yamato Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yutaka Nagao

TITLE
President
TENURE
2.1 yrs

Kenichi Shibasaki

TITLE
VP, Executive Officer & Representative Director
TENURE
1.1 yrs

Haruo Kanda

TITLE
VP, Executive Officer & Representative Director
TENURE
11.1 yrs

Masakatsu Mori

TITLE
Outside Director
AGE
72
TENURE
6.1 yrs

Masaki Yamauchi

TITLE
Chairperson of the Board of Directors
TENURE
0.3 yrs

Mariko Tokuno

TITLE
Outside Director
AGE
65
TENURE
2.1 yrs

Yoichi Kobayashi

TITLE
Outside Director
TENURE
1.1 yrs

Shiro Sugata

TITLE
Outside Director
AGE
70
TENURE
0.1 yrs

Hiroyuki Kanae

TITLE
Independent Audit & Supervisory Board Member
TENURE
7.1 yrs

Takashi Yamashita

TITLE
Independent Audit & Supervisory Board Member
AGE
63
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Yamato Holdings'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. Yamato Holdings 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.

YTT News

Simply Wall St News

YTT Company Info

Description

Yamato Holdings Co., Ltd. provides delivery, logistics, home convenience, e-business, financial, auto works, and other related services in Japan and internationally. The company’s Delivery segment offers small parcel delivery services for the general public and corporations centering on TA-Q-BIN; and value-added services, such as Cool TA-Q-BIN and TA-Q-BIN Collect. Its BIZ-Logistics segment handles logistics and other B2B distribution operations. The company’s Home Convenience segment offers lifestyle support services; and installs electrical appliances for customers. Its e-Business segment provides information services for corporations, including ASP services and information system development. The company’s Financial segment offers settlement and other financial services to consumers and business customers; and various types of settlement methods, including payment on delivery and payment by credit card. Its Autoworks segment provides trucks and other vehicles maintenance services for transport companies. The company also provides shared services, including highway transportation and personnel placement services. Yamato Holdings Co., Ltd. was founded in 1919 and is headquartered in Tokyo, Japan.

Details
Name: Yamato Holdings Co., Ltd.
YTT
Exchange: DB
Founded: 1919
¥7,078,420,881
394,274,405
Website: http://www.yamato-hd.co.jp
Address: Yamato Holdings Co., Ltd.
16-10, Ginza 2-chome,
Chuo-ku,
Tokyo,
104-8125,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9064 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB YTT Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK YATR.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
225,125
Yamato Holdings employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 21:01
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/06/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.