Chubu-Nippon Broadcasting (NSE:9402) - Share price, News & Analysis

9402 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	3/6

9402 Stock Overview

Chubu-Nippon Broadcasting Co., Ltd., through its subsidiaries, engages in the television and radio broadcasting businesses in Japan and internationally.

Rewards

Trading at 73.6% below our estimate of its fair value

Earnings grew by 112.1% over the past year

Risk Analysis

Earnings have declined by 9.4% per year over past 5 years

Dividend of 2.8% is not well covered by earnings

Chubu-Nippon Broadcasting Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chubu-Nippon Broadcasting
Historical stock prices
Current Share Price	JP¥536.00
52 Week High	JP¥600.00
52 Week Low	JP¥524.00
Beta	0.42
1 Month Change	0.75%
3 Month Change	-3.42%
1 Year Change	-8.38%
3 Year Change	-18.17%
5 Year Change	-31.89%
Change since IPO	-74.48%

Shareholder Returns

	9402	JP Media	JP Market
7D	0%	-1.5%	0.7%
1Y	-8.4%	-8.3%	-2.9%

Return vs Industry: 9402 matched the JP Media industry which returned -8.3% over the past year.

Return vs Market: 9402 underperformed the JP Market which returned -2.9% over the past year.

Price Volatility

Is 9402's price volatile compared to industry and market?
9402 volatility
9402 Average Weekly Movement	1.6%
Media Industry Average Movement	5.3%
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: 9402 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 9402's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1950	714	Masaki Sugiura	https://hicbc.com

Chubu-Nippon Broadcasting Co., Ltd., through its subsidiaries, engages in the television and radio broadcasting businesses in Japan and internationally. The company’s television programs include documentaries, shows, animations, sports, and dramas, as well as various programs. It also produces movie and animation projects, and applications for smartphones; and manages a range of events, such as music and other sports events.

Chubu-Nippon Broadcasting Fundamentals Summary

How do Chubu-Nippon Broadcasting's earnings and revenue compare to its market cap?
9402 fundamental statistics
Market Cap	JP¥14.15b
Earnings (TTM)	JP¥1.31b
Revenue (TTM)	JP¥32.76b

10.8x

P/E Ratio

0.4x

P/S Ratio

Is 9402 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
9402 income statement (TTM)
Revenue	JP¥32.76b
Cost of Revenue	JP¥17.92b
Gross Profit	JP¥14.84b
Other Expenses	JP¥13.52b
Earnings	JP¥1.31b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	49.74
Gross Margin	45.29%
Net Profit Margin	4.01%
Debt/Equity Ratio	0.1%

How did 9402 perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Chubu-Nippon Broadcasting undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 9402 (¥536) is trading below our estimate of fair value (¥2031.56)

Significantly Below Fair Value: 9402 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 9402 is good value based on its PE Ratio (10.8x) compared to the JP Media industry average (13.6x).

PE vs Market: 9402 is good value based on its PE Ratio (10.8x) compared to the JP market (12.2x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 9402's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 9402 is good value based on its PB Ratio (0.2x) compared to the JP Media industry average (1.5x).

Future Growth

How is Chubu-Nippon Broadcasting 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

4.8%

Forecasted Media 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 Chubu-Nippon Broadcasting 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 Chubu-Nippon Broadcasting performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

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

-9.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9402 has high quality earnings.

Growing Profit Margin: 9402's current net profit margins (4%) are higher than last year (2.2%).

Past Earnings Growth Analysis

Earnings Trend: 9402's earnings have declined by 9.4% per year over the past 5 years.

Accelerating Growth: 9402's earnings growth over the past year (112.1%) exceeds its 5-year average (-9.4% per year).

Earnings vs Industry: 9402 earnings growth over the past year (112.1%) exceeded the Media industry 47.6%.

Return on Equity

High ROE: 9402's Return on Equity (2.2%) is considered low.

Financial Health

How is Chubu-Nippon Broadcasting'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: 9402's short term assets (¥21.1B) exceed its short term liabilities (¥7.3B).

Long Term Liabilities: 9402's short term assets (¥21.1B) exceed its long term liabilities (¥9.0B).

Debt to Equity History and Analysis

Debt Level: 9402 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 9402's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 9402's debt is well covered by operating cash flow (6442.9%).

Interest Coverage: 9402 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Chubu-Nippon Broadcasting current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

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

2.80%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 9402's dividend (2.8%) is higher than the bottom 25% of dividend payers in the JP market (1.64%).

High Dividend: 9402's dividend (2.8%) is low compared to the top 25% of dividend payers in the JP market (3.69%).

Stability and Growth of Payments

Stable Dividend: 9402's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9402's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.1%), 9402's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: 9402 is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

11.4yrs

Average board tenure

CEO

Masaki Sugiura (66 yo)

7.92yrs

Tenure

Mr. Masaki Sugiura has been the President at Chubu-Nippon Broadcasting Co., Ltd. since June 2014 and served its Managing Director since June 2013. Mr. Sugiura served as Bureau Chief of News & Program Gener...

Board Members

Experienced Board: 9402's board of directors are seasoned and experienced ( 11.4 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	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31