TSE:9605

Stock Analysis Report

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Executive Summary

Toei Company, Ltd. engages in the production of theatrical movies, TV dramas, direct-to-video productions, and anime; and various businesses based on film production in Japan.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Toei Company's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 9605's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.3%

9605

1.3%

JP Entertainment

3.4%

JP Market


1 Year Return

1.3%

9605

8.0%

JP Entertainment

0.6%

JP Market

Return vs Industry: 9605 underperformed the JP Entertainment industry which returned 8% over the past year.

Return vs Market: 9605 matched the JP Market which returned 0.6% over the past year.


Shareholder returns

9605IndustryMarket
7 Day4.3%1.3%3.4%
30 Day9.5%5.5%7.2%
90 Day20.7%12.3%-1.6%
1 Year1.8%1.3%9.9%8.0%3.2%0.6%
3 Year42.5%40.3%29.5%23.5%6.9%-0.5%
5 Year64.4%59.4%71.8%60.2%8.4%-3.5%

Price Volatility Vs. Market

How volatile is Toei Company's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Toei Company undervalued compared to its fair value and its price relative to the market?

49.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 9605 (¥14760) is trading below our estimate of fair value (¥28961.65)

Significantly Below Fair Value: 9605 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 9605 is good value based on its PE Ratio (16.4x) compared to the Entertainment industry average (19.4x).

PE vs Market: 9605 is poor value based on its PE Ratio (16.4x) compared to the JP market (15x).


Price to Earnings Growth Ratio

PEG Ratio: 9605 is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: 9605 is good value based on its PB Ratio (1.1x) compared to the JP Entertainment industry average (2.1x).


Next Steps

Future Growth

How is Toei Company forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9605's forecast earnings growth (6.9% per year) is above the savings rate (0.05%).

Earnings vs Market: 9605's earnings (6.9% per year) are forecast to grow slower than the JP market (12% per year).

High Growth Earnings: 9605's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9605's revenue (2.5% per year) is forecast to grow slower than the JP market (3.1% per year).

High Growth Revenue: 9605's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9605's Return on Equity is forecast to be low in 3 years time (6.2%).


Next Steps

Past Performance

How has Toei Company performed over the past 5 years?

10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9605 has high quality earnings.

Growing Profit Margin: 9605's current net profit margins (8%) are higher than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: 9605's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: 9605's earnings growth over the past year (5%) is below its 5-year average (10.2% per year).

Earnings vs Industry: 9605 earnings growth over the past year (5%) underperformed the Entertainment industry 5%.


Return on Equity

High ROE: 9605's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Toei Company's financial position?


Financial Position Analysis

Short Term Liabilities: 9605's short term assets (¥104.6B) exceed its short term liabilities (¥47.1B).

Long Term Liabilities: 9605's short term assets (¥104.6B) exceed its long term liabilities (¥30.0B).


Debt to Equity History and Analysis

Debt Level: 9605's debt to equity ratio (4.5%) is considered satisfactory.

Reducing Debt: 9605's debt to equity ratio has reduced from 16% to 4.5% over the past 5 years.

Debt Coverage: 9605's debt is well covered by operating cash flow (234.1%).

Interest Coverage: 9605 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Toei Company's current dividend yield, its reliability and sustainability?

0.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 9605's dividend (0.41%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.48%).

High Dividend: 9605's dividend (0.41%) is low compared to the top 25% of dividend payers in the JP market (3.44%).


Stability and Growth of Payments

Stable Dividend: 9605 is not paying a notable dividend for the JP market, therefore no need to check if payments are stable.

Growing Dividend: 9605 is not paying a notable dividend for the JP market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 9605 is not paying a notable dividend for the JP market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 9605's dividend in 3 years as they are not forecast to pay a notable one for the JP market.


Next Steps

Management

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

7.4yrs

Average management tenure


CEO

Noriyuki Tada (70yo)

6.08yrs

Tenure

Mr. Noriyuki Tada has been the President of Toei Co., Ltd. since April 2014 and has been its General Manager of Image Division and General Manager of Film Division since June 2014. Mr. Tada served as Manag ...


Leadership Team

NamePositionTenureCompensationOwnership
Noriyuki Tada
President6.08yrsno data0.0080% ¥14.7m
Seiichi Tanaka
Senior MD11.92yrsno data0.016% ¥29.5m
Koichi Wada
Accounting Manager & Director1.92yrsno data0.0016% ¥3.0m
Satoshi Tanaka
Head of Human Resources & Labor Affairs and Director3.92yrsno data0.0032% ¥5.9m
Hidenobu Muramatsu
Head of Planning Adjustment Department & Director7.92yrsno data0.0040% ¥7.4m
Osamu Tezuka
MD, Head of Television Business Unitno datano data0.0040% ¥7.4m
Shinichiro Shirakura
Head of Television 2nd Sales Department & Director7.92yrsno data0.0048% ¥8.9m
Hisashi Yoshimoto
Head of Business Promotion Department & Director3.92yrsno datano data
Kenjiro Toida
Head of Audit Department & General Affairs Department and Directorno datano datano data
Satoshi Kuwahara
General Manager of Movie Advertising Department & Director5.92yrsno datano data

7.4yrs

Average Tenure

58.5yo

Average Age

Experienced Management: 9605's management team is seasoned and experienced (7.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Noriyuki Tada
President6.08yrsno data0.0080% ¥14.7m
Seiichi Tanaka
Senior MD11.92yrsno data0.016% ¥29.5m
Koichi Wada
Accounting Manager & Director1.92yrsno data0.0016% ¥3.0m
Satoshi Tanaka
Head of Human Resources & Labor Affairs and Director3.92yrsno data0.0032% ¥5.9m
Hidenobu Muramatsu
Head of Planning Adjustment Department & Director7.92yrsno data0.0040% ¥7.4m
Shinichiro Shirakura
Head of Television 2nd Sales Department & Director7.92yrsno data0.0048% ¥8.9m
Hisashi Yoshimoto
Head of Business Promotion Department & Director3.92yrsno datano data
Kenjiro Toida
Head of Audit Department & General Affairs Department and Directorno datano datano data
Satoshi Kuwahara
General Manager of Movie Advertising Department & Director5.92yrsno datano data
Tsuyoshi Okada
Group Chairman6.08yrsno data0.14% ¥252.3m

6.1yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 9605's board of directors are considered experienced (6.1 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.


Top Shareholders

Company Information

Toei Company, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Toei Company, Ltd.
  • Ticker: 9605
  • Exchange: TSE
  • Founded: 1951
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: JP¥184.556b
  • Shares outstanding: 12.50m
  • Website: https://www.toei.co.jp

Number of Employees


Location

  • Toei Company, Ltd.
  • 3-2-17 Ginza
  • Chuo-ku
  • Tokyo
  • 104-0061
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9605TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
TOEDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

Toei Company, Ltd. engages in the production of theatrical movies, TV dramas, direct-to-video productions, and anime; and various businesses based on film production in Japan. The company manages movie theatres and cinema complexes; offers packaged video software, such as DVDs and Blu-ray discs; and distributes video content to distribution media, as well as movies on iTunes. It also offers content to Toei Channel, a CS broadcasting station, as well as various broadcasting media; and grants videogram rights to packaged-video makers. In addition, the company provides commoditizing rights for toys, apparel, everyday items, food products, stationeries, publications, CDs, DVDs, games, play equipment, and theme parks, as well as operates Toeihero.net, an online shopping Website. Further, it operates movie studios; builds, operates, and manages various commercial facilities and cinema-complex facilities; manages golf course; operates and manages real-estate leasing facilities, such as commercial buildings, office buildings, and apartment buildings; and operates hotels. Toei Company, Ltd. was founded in 1951 and is based in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 15:14
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.