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Nippon Gas

DB:NG0
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NG0
DB
¥123B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Nippon Gas Co., Ltd. engages in the supply and sale of LP gas and natural gas in Japan. The last earnings update was 67 days ago. More info.


Add to Portfolio Compare Print
  • Nippon Gas has significant price volatility in the past 3 months.
NG0 Share Price and Events
7 Day Returns
-1%
DB:NG0
-0.8%
Europe Gas Utilities
1.8%
DE Market
1 Year Returns
-42.5%
DB:NG0
9.6%
Europe Gas Utilities
-6%
DE Market
NG0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nippon Gas (NG0) -1% -14.9% -28.5% -42.5% 10.4% 105.2%
Europe Gas Utilities -0.8% -0.4% 4.1% 9.6% 36.2% 29.1%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • NG0 underperformed the Gas Utilities industry which returned 9.6% over the past year.
  • NG0 underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
NG0
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Nippon Gas's competitors could be found in our database.

Value

 Is Nippon Gas 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 Nippon Gas 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 Nippon Gas.

DB:NG0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 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:NG0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.37 (1 + (1- 30.86%) (35.62%))
0.639
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:NG0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nippon Gas 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:NG0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2019 -679.67 Analyst x3 -647.33
2020 6,579.50 Analyst x2 5,968.26
2021 11,004.50 Analyst x2 9,507.19
2022 12,048.50 Analyst x2 9,913.84
2023 13,323.50 Analyst x2 10,441.30
2024 15,597.00 Analyst x1 11,641.38
2025 16,872.44 Est @ 8.18% 11,994.12
2026 17,849.79 Est @ 5.79% 12,085.13
2027 18,585.78 Est @ 4.12% 11,984.67
2028 19,134.93 Est @ 2.95% 11,751.66
Present value of next 10 years cash flows ¥94,640.22
DB:NG0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥19,134.93 × (1 + 0.23%) ÷ (5% – 0.23%)
¥402,234.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥402,234.87 ÷ (1 + 5%)10
¥247,031.41
DB:NG0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥94,640.22 + ¥247,031.41
¥341,671.63
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥341,671.63 / 41.55
¥8222.64
DB:NG0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NG0 represents 0.00764x of TSE:8174
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00764x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 8,222.64 x 0.00764
€62.81
Value per share (EUR) From above. €62.81
Current discount Discount to share price of €22.66
= -1 x (€22.66 - €62.81) / €62.81
63.9%

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

Current Discount
Amount off the current price Nippon Gas is available for.
Intrinsic value
>50%
Share price is €22.66 vs Future cash flow value of €62.81
Current Discount Checks
For Nippon Gas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nippon Gas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nippon Gas's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Nippon Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nippon Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NG0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥132.06
TSE:8174 Share Price ** TSE (2019-04-18) in JPY ¥2966
Europe Gas Utilities Industry PE Ratio Median Figure of 8 Publicly-Listed Gas Utilities Companies 17.84x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Nippon Gas.

DB:NG0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8174 Share Price ÷ EPS (both in JPY)

= 2966 ÷ 132.06

22.46x

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

  • Nippon Gas is overvalued based on earnings compared to the Europe Gas Utilities industry average.
  • Nippon Gas is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Nippon Gas's expected growth come at a high price?
Raw Data
DB:NG0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
16.9%per year
Global Gas Utilities Industry PEG Ratio Median Figure of 29 Publicly-Listed Gas Utilities Companies 2.44x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:NG0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.46x ÷ 16.9%

1.33x

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

  • Nippon Gas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nippon Gas's assets?
Raw Data
DB:NG0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,634.64
TSE:8174 Share Price * TSE (2019-04-18) in JPY ¥2966
Europe Gas Utilities Industry PB Ratio Median Figure of 9 Publicly-Listed Gas Utilities Companies 1.81x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:NG0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8174 Share Price ÷ Book Value per Share (both in JPY)

= 2966 ÷ 1,634.64

1.81x

* Primary Listing of Nippon Gas.

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

  • Nippon Gas is overvalued based on assets compared to the Europe Gas Utilities industry average.
X
Value checks
We assess Nippon Gas'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 Gas Utilities 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 Gas Utilities industry average (and greater than 0)? (1 check)
  5. Nippon Gas has a total score of 2/6, 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.

Future Performance

 How is Nippon Gas expected to perform in the next 1 to 3 years based on estimates from 5 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
16.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nippon Gas expected to grow at an attractive rate?
  • Nippon Gas's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nippon Gas's earnings growth is expected to exceed the Germany market average.
  • Nippon Gas's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NG0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NG0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 16.9%
DB:NG0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 10.1%
Europe Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 40%
Europe Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
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:NG0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NG0 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31 180,900 22,400 11,250 2
2022-03-31 170,150 21,000 10,400 2
2021-03-31 159,680 19,961 9,560 5
2020-03-31 141,120 17,644 8,300 5
2019-03-31 123,650 14,500 5,700 5
DB:NG0 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 119,610 5,638
2018-09-30 118,192 12,618 7,093
2018-06-30 116,652 7,169
2018-03-31 114,725 15,597 7,798
2017-12-31 111,360 5,568
2017-09-30 109,136 14,247 4,890
2017-06-30 108,534 5,644
2017-03-31 109,536 16,630 6,913
2016-12-31 110,506 8,441
2016-09-30 112,011 20,018 8,121
2016-06-30 113,652 7,790
2016-03-31 114,691 20,717 7,090

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nippon Gas's earnings are expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
  • Nippon Gas's revenue is expected to grow by 10.1% 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:NG0 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 5 Analyst Estimates (S&P Global) See Below

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

DB:NG0 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31 287.11 308.90 265.32 2.00
2022-03-31 261.45 281.70 241.20 2.00
2021-03-31 229.40 264.62 190.70 5.00
2020-03-31 198.26 231.83 150.70 5.00
2019-03-31 134.86 173.29 108.30 5.00
DB:NG0 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 132.06
2018-09-30 166.09
2018-06-30 167.88
2018-03-31 182.62
2017-12-31 130.40
2017-09-30 114.53
2017-06-30 132.19
2017-03-31 161.93
2016-12-31 198.37
2016-09-30 197.32
2016-06-30 198.89
2016-03-31 190.70

*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.
  • Nippon Gas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nippon Gas'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.
Nippon Gas has a total score of 3/6, 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.

Past Performance

  How has Nippon Gas 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 Nippon Gas's growth in the last year to its industry (Gas Utilities).
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.
  • Nippon Gas's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Nippon Gas's 1-year earnings growth exceeds its 5-year average (1.3% vs -3.7%)
  • Nippon Gas's earnings growth has not exceeded the Europe Gas Utilities industry average in the past year (1.3% vs 3.8%).
Earnings and Revenue History
Nippon Gas'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 Nippon Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NG0 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 119,610.00 5,638.00 36,267.00
2018-09-30 118,192.00 7,093.00 36,421.00
2018-06-30 116,652.00 7,169.00 35,889.00
2018-03-31 114,725.00 7,798.00 35,560.00
2017-12-31 111,360.00 5,568.00 36,373.00
2017-09-30 109,136.00 4,890.00 35,573.00
2017-06-30 108,534.00 5,644.00 35,050.00
2017-03-31 109,536.00 6,913.00 33,251.00
2016-12-31 110,506.00 8,441.00 31,449.00
2016-09-30 112,011.00 8,121.00 30,683.00
2016-06-30 113,652.00 7,790.00 30,054.00
2016-03-31 114,691.00 7,090.00 30,001.00
2015-12-31 119,017.00 6,762.00 29,665.00
2015-09-30 121,723.00 6,877.00 28,874.00
2015-06-30 123,594.00 6,504.00 28,542.00
2015-03-31 125,733.00 5,528.00 27,926.00
2014-12-31 128,773.00 8,697.00 28,070.00
2014-09-30 128,823.00 8,108.00 28,114.00
2014-06-30 128,138.00 9,131.00 27,746.00
2014-03-31 126,833.00 9,464.00 27,502.00
2013-12-31 120,903.00 4,603.00 27,735.00
2013-09-30 118,900.00 4,708.00 27,995.00
2013-06-30 117,414.00 3,522.00 28,344.00
2013-03-31 117,070.00 3,774.00 28,296.00
2012-12-31 116,086.00 4,215.00 28,424.00
2012-09-30 113,538.00 3,485.00 27,944.00
2012-06-30 112,939.00 3,661.00 27,263.00

*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.
  • Nippon Gas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nippon Gas used its assets less efficiently than the Europe Gas Utilities industry average last year based on Return on Assets.
  • Nippon Gas's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nippon Gas'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 Gas Utilities 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.
Nippon Gas has a total score of 1/6, 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.

Health

 How is Nippon Gas'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 Nippon Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nippon Gas's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Nippon Gas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nippon Gas'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 not covered by short term assets, assets are 0.7x 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 Nippon Gas Company Filings, last reported 3 months ago.

DB:NG0 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 69,561.00 43,895.00 13,077.00
2018-09-30 71,338.00 35,400.00 20,025.00
2018-06-30 72,092.00 37,049.00 27,456.00
2018-03-31 72,074.00 41,366.00 31,467.00
2017-12-31 67,737.00 40,306.00 25,162.00
2017-09-30 66,646.00 41,932.00 25,167.00
2017-06-30 67,547.00 43,252.00 27,926.00
2017-03-31 66,641.00 47,378.00 31,418.00
2016-12-31 64,861.00 46,382.00 27,833.00
2016-09-30 62,872.00 47,196.00 29,109.00
2016-06-30 62,468.00 48,876.00 32,160.00
2016-03-31 60,315.00 53,862.00 34,246.00
2015-12-31 56,707.00 57,296.00 31,951.00
2015-09-30 36,566.00 59,064.00 14,816.00
2015-06-30 36,970.00 59,673.00 14,624.00
2015-03-31 34,968.00 63,857.00 17,067.00
2014-12-31 30,465.00 63,877.00 10,006.00
2014-09-30 29,670.00 62,325.00 10,381.00
2014-06-30 44,611.00 62,036.00 25,279.00
2014-03-31 44,829.00 51,533.00 14,494.00
2013-12-31 43,549.00 51,703.00 11,216.00
2013-09-30 42,938.00 52,716.00 11,632.00
2013-06-30 52,440.00 47,656.00 13,142.00
2013-03-31 53,015.00 46,608.00 14,914.00
2012-12-31 49,830.00 46,289.00 10,908.00
2012-09-30 49,020.00 44,155.00 10,103.00
2012-06-30 49,936.00 45,332.00 12,322.00
  • Nippon Gas's level of debt (63.1%) 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 (118.7% vs 63.1% today).
  • Debt is well covered by operating cash flow (28.7%, greater than 20% of total debt).
  • Nippon Gas earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Nippon Gas'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. Nippon Gas has a total score of 3/6, 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.

Dividends

 What is Nippon Gas'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
2.36%
Current annual income from Nippon Gas dividends. Estimated to be 3.35% next year.
If you bought €2,000 of Nippon Gas shares you are expected to receive €47 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?
  • Nippon Gas's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Nippon Gas'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:NG0 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 5 Analyst Estimates (S&P Global) See Below
Europe Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.8%
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:NG0 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31 135.00 2.00
2022-03-31 125.00 2.00
2021-03-31 90.60 5.00
2020-03-31 83.80 5.00
2019-03-31 70.00 5.00
DB:NG0 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 70.000 2.051
2019-01-31 70.000 1.701
2018-11-13 70.000 1.765
2018-10-25 70.000 1.962
2018-06-28 46.000 0.858
2018-04-26 46.000 0.785
2018-02-13 46.000 0.963
2018-01-30 46.000 1.016
2017-11-13 46.000 1.124
2017-10-27 46.000 1.218
2017-06-28 38.000 1.047
2017-04-27 38.000 1.076
2017-02-13 34.000 1.036
2017-01-30 34.000 1.023
2016-11-11 34.000 1.021
2016-10-27 34.000 1.095
2016-06-28 30.000 1.113
2016-04-27 30.000 1.259
2016-02-10 34.000 1.438
2016-01-27 34.000 1.365
2015-11-12 34.000 1.194
2015-10-28 34.000 1.077
2015-06-25 26.000 0.704
2015-04-27 26.000 0.793
2014-06-27 26.000 0.969
2014-04-24 26.000 1.380
2014-02-13 26.000 1.987
2014-01-30 26.000 2.451
2013-11-13 13.000 1.203
2013-10-31 13.000 1.237
2013-06-27 13.000 1.136
2013-04-30 13.000 1.152
2013-02-13 13.000 1.157
2013-01-31 13.000 1.166
2012-11-13 13.000 1.089
2012-10-31 13.000 1.041
2012-07-31 13.000 1.152
2012-04-27 13.000 1.318
2012-02-14 13.000 1.024
2012-01-31 13.000 1.025
2011-11-11 13.000 1.110
2011-07-29 13.000 1.093
2011-06-29 13.000 1.176
2011-04-28 13.000 1.240
2011-02-14 13.000 1.194
2011-01-31 13.000 1.124
2010-11-12 13.000 1.121
2010-10-29 13.000 1.159
2010-06-25 13.000 0.986
2010-04-30 13.000 1.001
2010-02-12 13.000 1.012
2010-01-29 13.000 0.999
2009-10-30 13.000 0.869
2009-06-26 13.000 0.894
2009-04-30 13.000 0.922
2009-04-22 11.000 0.821

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 Nippon Gas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x 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 Nippon Gas'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 Nippon Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nippon Gas 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.

Management

 What is the CEO of Nippon Gas'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
Shinji Wada
AGE 66
TENURE AS CEO 13.8 years
CEO Bio

Mr. Shinji Wada has been the President at Nippon Gas Co., Ltd. since June 2005. Mr. Wada served as the Head of Sales Headquarters at Nippon Gas Co., Ltd. since January 23, 2016 and served as its General Manager of Sales Headquarters from April 2007 to January 23, 2016. Mr. Wada joined Nippon Gas Co., Ltd. in December 1990 and served as General Manager for its Nishi-Kanto Branch Operations Division from January 1995 to April 2001. Mr. Wada served as Managing Director of Nippon Gas Co., Ltd. from June 2000 to June 2004 and General Manager of its Operations since June 1996. Mr. Wada served as Senior Managing Director of Nippon Gas Co., Ltd. since June 2004. Mr. Wada has been a Representative Director of Nippon Gas Co., Ltd. since June 2005. He served as an Non-Independent and Non Executive Director of Australian Power and Gas Company Limited from July 1, 2011 to September 16, 2013.

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

Average tenure and age of the Nippon Gas management team in years:

3.8
Average Tenure
54
Average Age
  • The tenure for the Nippon Gas management team is about average.
Management Team

Shinji Wada

TITLE
President & Representative Director
AGE
66
TENURE
13.8 yrs

Eiichi Miyamoto

TITLE
Managing Executive Officer of Corporate Strategy Headquarters & GM of Financial Department

Yoko Iwasaki

TITLE
Executive Officer of Corporate Strategy Headquarters & GM of Human Resource Department
TENURE
1 yrs

Daijo Watanabe

TITLE
Senior MD of Energy Sales Headquarters
AGE
60
TENURE
3.8 yrs

Shohei Ohtsuki

TITLE
MD & Director
AGE
63

Masahiro Mukai

TITLE
MD, Energy Sales Headquarters Deputy General Manager & Director
AGE
53
TENURE
5.3 yrs

Tetsuo Kamagata

TITLE
Senior Executive Officer
AGE
51
TENURE
3.8 yrs

Junichi Morishita

TITLE
MD, GM of Energy Business Headquarters & Director
AGE
54
TENURE
4.3 yrs

Ichiro Sato

TITLE
Managing Exective Officer of Energy Sales Headquarters & Regional Head of West Kanto
AGE
52
TENURE
3.8 yrs

Haruki Iwatani

TITLE
Managing Exective Officer of Energy Sales Headquarters & Regional Head of Tokyo
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Nippon Gas board of directors in years:

6.8
Average Tenure
56
Average Age
  • The tenure for the Nippon Gas board of directors is about average.
Board of Directors

Shinji Wada

TITLE
President & Representative Director
AGE
66
TENURE
21.8 yrs

Daijo Watanabe

TITLE
Senior MD of Energy Sales Headquarters
AGE
60
TENURE
18.8 yrs

Shohei Ohtsuki

TITLE
MD & Director
AGE
63
TENURE
13.8 yrs

Masahiro Mukai

TITLE
MD, Energy Sales Headquarters Deputy General Manager & Director
AGE
53
TENURE
12.8 yrs

Junichi Morishita

TITLE
MD, GM of Energy Business Headquarters & Director
AGE
54
TENURE
7.8 yrs

Kunihiko Kashiwaya

TITLE
Senior MD
AGE
47
TENURE
5.8 yrs

Toshiomi Suzuki

TITLE
MD & Director
TENURE
0.8 yrs

Keiichi Ozaku

TITLE
Director
AGE
56
TENURE
0.8 yrs

Takashi Ide

TITLE
Outside Director
TENURE
3.8 yrs

Shinichi Kiyota

TITLE
Director
TENURE
0.8 yrs
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 Nippon Gas'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. Nippon Gas 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.

News

Simply Wall St News

Company Info

Description

Nippon Gas Co., Ltd. engages in the supply and sale of LP gas and natural gas in Japan. The company supplies LP gas through pipelines to homes built for sale, company dormitories, apartment buildings, other residential apartment complexes, etc., as well as for commercial, industrial, agricultural, and automotive use; and high-pressure gas for commercial and industrial use. It also sells glass-top stoves, built-in stoves, gas oven ranges, gas rice cookers, dishwashers, etc.; gas water heaters, instant water heaters, floor heating products, bathroom heater/ventilation/dryer combo systems, mist saunas, etc.; and commercial and industrial gas appliances. In addition, the company sells air-conditioning equipment, including gas and absorption heat pumps, cogeneration systems, and gas infrared heaters; remodeling-related equipment; and household equipment, as well as offers accident insurance agency services. Further, it engages in residential remodeling and consulting business; and the construction of gas, water supply, drainage, air conditioning/heating equipment, etc. Additionally, the company is involved in the electric power and gas retail business in the United States; and the development of an electric-power-saving energy management system in Australia. Nippon Gas Co., Ltd. was founded in 1955 and is based in Tokyo, Japan.

Details
Name: Nippon Gas Co., Ltd.
NG0
Exchange: DB
Founded: 1955
¥979,088,136
41,552,551
Website: http://www.nichigas.co.jp
Address: Nippon Gas Co., Ltd.
4-31-8 Yoyogi,
Shibuya-ku,
Tokyo,
151-8582,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8174 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK NPPG.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
DB NG0 Common Shares Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,649
Nippon Gas employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:38
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/03
Last earnings filing: 2019/02/13
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.