Nihon Tokushu Toryo (TSE:4619) - Share price, News & Analysis

4619 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	1/6
Financial Health	5/6
Dividends	6/6

4619 Stock Overview

Nihon Tokushu Toryo Co., Ltd. manufactures and sells automobile products, and paints and coatings worldwide.

Rewards

Pays a high and reliable dividend of 4.32%

Risk Analysis

Earnings have declined by 27.4% per year over past 5 years

Nihon Tokushu Toryo Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nihon Tokushu Toryo
Historical stock prices
Current Share Price	JP¥925.00
52 Week High	JP¥1,197.00
52 Week Low	JP¥760.00
Beta	1.63
1 Month Change	15.63%
3 Month Change	4.40%
1 Year Change	-11.74%
3 Year Change	-20.46%
5 Year Change	-47.20%
Change since IPO	6.32%

Shareholder Returns

	4619	JP Auto Components	JP Market
7D	14.5%	0.05%	-0.02%
1Y	-11.7%	-8.8%	-3.6%

Return vs Industry: 4619 underperformed the JP Auto Components industry which returned -8.8% over the past year.

Return vs Market: 4619 underperformed the JP Market which returned -3.6% over the past year.

Price Volatility

Is 4619's price volatile compared to industry and market?
4619 volatility
4619 Average Weekly Movement	6.1%
Auto Components Industry Average Movement	5.1%
Market Average Movement	4.6%
10% most volatile stocks in JP Market	9.1%
10% least volatile stocks in JP Market	2.5%

Stable Share Price: 4619 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 4619's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1929	1,287	Masahiro Nojima	https://www.nttoryo.co.jp

Nihon Tokushu Toryo Co., Ltd. manufactures and sells automobile products, and paints and coatings worldwide. The company offers soundproofing materials for automobiles, trains, household appliances, and buildings, as well as for housing, schools, music halls, and noise abatement measures for various factories; sealants, which prevent leakage of water; anti-chipping coatings that prevent chipping damage; anti-salt coatings that reduce the damage from rock salt on winter roads; and rust-proof coatings. It also provides exterior wall paints; coatings for the roof; and paints with photocatalytic function.

Nihon Tokushu Toryo Fundamentals Summary

How do Nihon Tokushu Toryo's earnings and revenue compare to its market cap?
4619 fundamental statistics
Market Cap	JP¥19.35b
Earnings (TTM)	JP¥1.30b
Revenue (TTM)	JP¥54.78b

15.5x

P/E Ratio

0.4x

P/S Ratio

Is 4619 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
4619 income statement (TTM)
Revenue	JP¥54.78b
Cost of Revenue	JP¥44.30b
Gross Profit	JP¥10.48b
Other Expenses	JP¥9.18b
Earnings	JP¥1.30b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	59.85
Gross Margin	19.13%
Net Profit Margin	2.37%
Debt/Equity Ratio	17.7%

How did 4619 perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is Nihon Tokushu Toryo undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

15.46x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 4619 (¥925) is trading above our estimate of fair value (¥496.67)

Significantly Below Fair Value: 4619 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: 4619 is poor value based on its PE Ratio (15.5x) compared to the JP Auto Components industry average (8.1x).

PE vs Market: 4619 is poor value based on its PE Ratio (15.5x) compared to the JP market (12.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4619's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 4619's PB Ratio (0.5x) is in line with the JP Auto Components industry average.

Future Growth

How is Nihon Tokushu Toryo forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

16.5%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nihon Tokushu Toryo has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Nihon Tokushu Toryo performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-27.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 4619 has high quality earnings.

Growing Profit Margin: 4619's current net profit margins (2.4%) are lower than last year (2.7%).

Past Earnings Growth Analysis

Earnings Trend: 4619's earnings have declined by 27.4% per year over the past 5 years.

Accelerating Growth: 4619's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 4619 had negative earnings growth (-0.08%) over the past year, making it difficult to compare to the Auto Components industry average (35.9%).

Return on Equity

High ROE: 4619's Return on Equity (4%) is considered low.

Financial Health

How is Nihon Tokushu Toryo's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 4619's short term assets (¥31.9B) exceed its short term liabilities (¥22.3B).

Long Term Liabilities: 4619's short term assets (¥31.9B) exceed its long term liabilities (¥7.8B).

Debt to Equity History and Analysis

Debt Level: 4619 has more cash than its total debt.

Reducing Debt: 4619's debt to equity ratio has increased from 16.9% to 17.7% over the past 5 years.

Debt Coverage: 4619's debt is well covered by operating cash flow (56.9%).

Interest Coverage: 4619 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Nihon Tokushu Toryo current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 4619's dividend (4.32%) is higher than the bottom 25% of dividend payers in the JP market (1.62%).

High Dividend: 4619's dividend (4.32%) is in the top 25% of dividend payers in the JP market (3.65%)

Stability and Growth of Payments

Stable Dividend: 4619's dividends per share have been stable in the past 10 years.

Growing Dividend: 4619's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (65.1%), 4619's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31.3%), 4619's dividend payments are well covered by cash flows.

Next Steps

Explore strong dividend paying companies in the Automobiles industry.

Management

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

8.9yrs

Average management tenure

CEO

Masahiro Nojima (76 yo)

8.92yrs

Tenure

Mr. Masahiro Nojima serves as the Chief Executive Officer of Nihon Tokushu Toryo Co., Ltd since June 2013. and served as its President since June 2005. Mr. Nojima has been President of NC Co., Ltd.since J...

Leadership Team

Experienced Management: 4619's management team is seasoned and experienced (8.9 years average tenure).

Board Members

Experienced Board: 4619's board of directors are considered experienced (7.4 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31