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4613

Kansai PaintTSE:4613 Stock Report

Market Cap

JP¥738.6b

7D

-4.8%

1Y

9.7%

Updated

23 Sep, 2021

Data

Company Financials +
4613 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends3/6

4613 Overview

Kansai Paint Co., Ltd. manufactures and sells paints in Japan, India, Asia, Africa, Europe, and internationally.

Kansai Paint Competitors

Nippon Paint Holdings

TSE:4612

JP¥3.0t

3M

NYSE:MMM

US$104.1b

Sherwin-Williams

NYSE:SHW

US$76.5b

Reckitt Benckiser Group

LSE:RKT

UK£41.6b

Price History & Performance

Summary of all time highs, changes and price drops for Kansai Paint
Historical stock prices
Current Share PriceJP¥2,874.00
52 Week HighJP¥2,522.00
52 Week LowJP¥3,365.00
Beta0.91
1 Month Change1.45%
3 Month Change-0.49%
1 Year Change9.70%
3 Year Change37.12%
5 Year Change28.42%
Change since IPO379.00%

Recent News & Updates

Shareholder Returns

4613JP ChemicalsJP Market
7D-4.8%-3.7%-2.2%
1Y9.7%22.2%23.6%

Return vs Industry: 4613 underperformed the JP Chemicals industry which returned 22.2% over the past year.

Return vs Market: 4613 underperformed the JP Market which returned 23.6% over the past year.

Price Volatility

Is 4613's price volatile compared to industry and market?
4613 volatility
4613 Beta0.91
Industry Beta0.95
Market Beta1

Stable Share Price: 4613 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 4613's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191815,908Kunishi Morihttps://www.kansai.co.jp

Kansai Paint Co., Ltd. manufactures and sells paints in Japan, India, Asia, Africa, Europe, and internationally. The company offers decorative coatings for protecting exterior and interior of buildings; protective coatings; automotive refinish paints; automotive coatings; industrial coatings that are used in construction machinery, industrial vehicles, steel furniture, external building materials, electronics, and internal coatings and external designs of beverage cans; and marine and protective coatings. It also designs, manufactures, and sells coating equipment; controls and undertakes painting works; and designs color schemes.

Kansai Paint Fundamentals Summary

How do Kansai Paint's earnings and revenue compare to its market cap?
4613 fundamental statistics
Market CapJP¥738.62b
Earnings (TTM)JP¥23.22b
Revenue (TTM)JP¥384.30b

31.8x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4613 income statement (TTM)
RevenueJP¥384.30b
Cost of RevenueJP¥257.30b
Gross ProfitJP¥127.00b
ExpensesJP¥103.77b
EarningsJP¥23.22b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 09, 2021

Earnings per share (EPS)90.35
Gross Margin33.05%
Net Profit Margin6.04%
Debt/Equity Ratio34.0%

How did 4613 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

33%

Payout Ratio

Does 4613 pay a reliable dividends?

See 4613 dividend history and benchmarks
When do you need to buy 4613 by to receive an upcoming dividend?
Kansai Paint dividend dates
Ex Dividend DateSep 29 2021
Dividend Pay DateDec 02 2021
Days until Ex dividend5 days
Days until Dividend pay date69 days

Does 4613 pay a reliable dividends?

See 4613 dividend history and benchmarks

Valuation

Is Kansai Paint undervalued compared to its fair value and its price relative to the market?

26.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 4613 (¥2874) is trading below our estimate of fair value (¥3925.69)

Significantly Below Fair Value: 4613 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 4613 is poor value based on its PE Ratio (31.8x) compared to the JP Chemicals industry average (12.6x).

PE vs Market: 4613 is poor value based on its PE Ratio (31.8x) compared to the JP market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: 4613 is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: 4613 is overvalued based on its PB Ratio (2.5x) compared to the JP Chemicals industry average (0.8x).


Future Growth

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

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4613's forecast earnings growth (14.2% per year) is above the savings rate (0%).

Earnings vs Market: 4613's earnings (14.2% per year) are forecast to grow faster than the JP market (10.3% per year).

High Growth Earnings: 4613's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4613's revenue (4.1% per year) is forecast to grow slower than the JP market (4.8% per year).

High Growth Revenue: 4613's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 4613's Return on Equity is forecast to be low in 3 years time (9.8%).


Past Performance

How has Kansai Paint performed over the past 5 years?

-11.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4613 has high quality earnings.

Growing Profit Margin: 4613's current net profit margins (6%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: 4613's earnings have declined by 11.5% per year over the past 5 years.

Accelerating Growth: 4613's earnings growth over the past year (41%) exceeds its 5-year average (-11.5% per year).

Earnings vs Industry: 4613 earnings growth over the past year (41%) exceeded the Chemicals industry 31.2%.


Return on Equity

High ROE: 4613's Return on Equity (8%) is considered low.


Financial Health

How is Kansai Paint's financial position?


Financial Position Analysis

Short Term Liabilities: 4613's short term assets (¥302.2B) exceed its short term liabilities (¥216.7B).

Long Term Liabilities: 4613's short term assets (¥302.2B) exceed its long term liabilities (¥52.1B).


Debt to Equity History and Analysis

Debt Level: 4613's debt to equity ratio (34%) is considered satisfactory.

Reducing Debt: 4613's debt to equity ratio has reduced from 46.9% to 34% over the past 5 years.

Debt Coverage: 4613's debt is well covered by operating cash flow (36.3%).

Interest Coverage: 4613 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Kansai Paint current dividend yield, its reliability and sustainability?

1.04%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 24 2021Ex Dividend DateSep 29 2021Dividend Pay DateDec 02 202164 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 4613's dividend (1.04%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 4613's dividend (1.04%) is low compared to the top 25% of dividend payers in the JP market (3.01%).


Stability and Growth of Payments

Stable Dividend: 4613's dividends per share have been stable in the past 10 years.

Growing Dividend: 4613's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.2%), 4613'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?

0.4yrs

Average management tenure


CEO

Kunishi Mori

2.42yrs

Tenure

Mr. Kunishi Mori serves as President and Representative Director at Kansai Paint Co., Ltd., since April 1, 2019 and served as Senior Managing Executive Officer, COO and General Manager of Coatings Business...


Leadership Team

Experienced Management: 4613's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: 4613's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

Kansai Paint Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Kansai Paint Co., Ltd.
  • Ticker: 4613
  • Exchange: TSE
  • Founded: 1918
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: JP¥738.615b
  • Shares outstanding: 257.00m
  • Website: https://www.kansai.co.jp

Number of Employees


Location

  • Kansai Paint Co., Ltd.
  • 6-14, Imabashi 2-chome
  • Chuo-ku
  • Osaka
  • 541-8523
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 08:02
End of Day Share Price2021/09/22 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.