2384

SBS HoldingsTSE:2384 Stock Report

Market Cap

JP¥168.4b

7D

3.7%

1Y

99.6%

Updated

18 Sep, 2021

Data

Company Financials +
2384 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance5/6
Financial Health5/6
Dividends1/6

2384 Overview

SBS Holdings, Inc. engages in the logistics business in Japan and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for SBS Holdings
Historical stock prices
Current Share PriceJP¥4,240.00
52 Week HighJP¥2,125.00
52 Week LowJP¥4,285.00
Beta0.27
1 Month Change11.87%
3 Month Change25.44%
1 Year Change99.62%
3 Year Change160.44%
5 Year Change349.63%
Change since IPO1,073.43%

Recent News & Updates

Shareholder Returns

2384JP LogisticsJP Market
7D3.7%8.1%0.4%
1Y99.6%28.1%25.6%

Return vs Industry: 2384 exceeded the JP Logistics industry which returned 28.1% over the past year.

Return vs Market: 2384 exceeded the JP Market which returned 25.6% over the past year.

Price Volatility

Is 2384's price volatile compared to industry and market?
2384 volatility
2384 Beta0.27
Industry Beta0.47
Market Beta1

Stable Share Price: 2384 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 2384's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19879,742Masahiko Kamatahttps://www.sbs-group.co.jp

SBS Holdings, Inc. engages in the logistics business in Japan and internationally. It transports products through trucks and train. The company also offers dry, chilled, and frozen logistics services; customs clearance and forwarding services; and facility relocation, in-house logistics, consulting, and third party logistics services.

SBS Holdings Fundamentals Summary

How do SBS Holdings's earnings and revenue compare to its market cap?
2384 fundamental statistics
Market CapJP¥168.40b
Earnings (TTM)JP¥10.50b
Revenue (TTM)JP¥330.30b

16.0x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2384 income statement (TTM)
RevenueJP¥330.30b
Cost of RevenueJP¥291.72b
Gross ProfitJP¥38.58b
ExpensesJP¥28.08b
EarningsJP¥10.50b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 10, 2021

Earnings per share (EPS)264.47
Gross Margin11.68%
Net Profit Margin3.18%
Debt/Equity Ratio122.3%

How did 2384 perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

13%

Payout Ratio

Does 2384 pay a reliable dividends?

See 2384 dividend history and benchmarks
When do you need to buy 2384 by to receive an upcoming dividend?
SBS Holdings dividend dates
Ex Dividend DateDec 29 2021
Dividend Pay DateMar 08 2022
Days until Ex dividend101 days
Days until Dividend pay date170 days

Does 2384 pay a reliable dividends?

See 2384 dividend history and benchmarks

Valuation

Is SBS Holdings undervalued compared to its fair value and its price relative to the market?

16.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2384 (¥4240) is trading above our estimate of fair value (¥3670.05)

Significantly Below Fair Value: 2384 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2384 is poor value based on its PE Ratio (16x) compared to the JP Logistics industry average (15.4x).

PE vs Market: 2384 is poor value based on its PE Ratio (16x) compared to the JP market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: 2384 is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: 2384 is overvalued based on its PB Ratio (2.9x) compared to the JP Logistics industry average (1.7x).


Future Growth

How is SBS Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2384's forecast earnings growth (6.2% per year) is above the savings rate (0%).

Earnings vs Market: 2384's earnings (6.2% per year) are forecast to grow slower than the JP market (10.2% per year).

High Growth Earnings: 2384's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2384's revenue (6.4% per year) is forecast to grow faster than the JP market (4.8% per year).

High Growth Revenue: 2384's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2384's Return on Equity is forecast to be low in 3 years time (17.3%).


Past Performance

How has SBS Holdings performed over the past 5 years?

28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2384 has high quality earnings.

Growing Profit Margin: 2384's current net profit margins (3.2%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: 2384 has become profitable over the past 5 years, growing earnings by 28.8% per year.

Accelerating Growth: 2384's earnings growth over the past year (53.3%) exceeds its 5-year average (28.8% per year).

Earnings vs Industry: 2384 earnings growth over the past year (53.3%) exceeded the Logistics industry 43%.


Return on Equity

High ROE: 2384's Return on Equity (16.1%) is considered low.


Financial Health

How is SBS Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2384's short term assets (¥98.6B) exceed its short term liabilities (¥96.7B).

Long Term Liabilities: 2384's short term assets (¥98.6B) exceed its long term liabilities (¥89.2B).


Debt to Equity History and Analysis

Debt Level: 2384's debt to equity ratio (122.3%) is considered high.

Reducing Debt: 2384's debt to equity ratio has reduced from 166.7% to 122.3% over the past 5 years.

Debt Coverage: 2384's debt is well covered by operating cash flow (28.8%).

Interest Coverage: 2384's interest payments on its debt are well covered by EBIT (23.9x coverage).


Balance Sheet


Dividend

What is SBS Holdings's current dividend yield, its reliability and sustainability?

0.83%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 19 2021Ex Dividend DateDec 29 2021Dividend Pay DateMar 08 202269 days from Ex DividendBuy in the next 101 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 2384's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.27%).

High Dividend: 2384's dividend (0.83%) is low compared to the top 25% of dividend payers in the JP market (2.94%).


Stability and Growth of Payments

Stable Dividend: 2384 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2384's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.2%), 2384's dividend payments are thoroughly 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?

17.5yrs

Average management tenure


CEO

Masahiko Kamata (62 yo)

33.5yrs

Tenure

Mr. Masahiko Kamata serves as the Chief Executive Officer and President at SBS Logicom Co., Ltd. Mr. Kamata has been President of TL Logicom Co., Ltd. (formerly Tokyu Logistic Corporation) since September...


Leadership Team

Experienced Management: 2384's management team is seasoned and experienced (17.5 years average tenure).


Board Members

Experienced Board: 2384's board of directors are considered experienced (5.5 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

SBS Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: SBS Holdings, Inc.
  • Ticker: 2384
  • Exchange: TSE
  • Founded: 1987
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: JP¥168.402b
  • Shares outstanding: 39.72m
  • Website: https://www.sbs-group.co.jp

Number of Employees


Location

  • SBS Holdings, Inc.
  • Olinas Tower
  • 4-1-3 Taihei
  • Tokyo
  • 130-0012
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 08:04
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.