TSE:9028

Stock Analysis Report

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Market Cap

JP¥22.8b

Last Updated

2021/06/18 08:14 UTC

Data Sources

Company Financials

Executive Summary

ZERO Co., Ltd., together with its subsidiaries, provides vehicle transportation and maintenance services in Japan. More Details


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 9028 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 9028's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.0%

9028

-1.1%

JP Transportation

0.4%

JP Market


1 Year Return

47.2%

9028

1.4%

JP Transportation

22.6%

JP Market

Return vs Industry: 9028 exceeded the JP Transportation industry which returned 1.4% over the past year.

Return vs Market: 9028 exceeded the JP Market which returned 22.6% over the past year.


Shareholder returns

9028IndustryMarket
7 Day2.0%-1.1%0.4%
30 Day6.1%6.5%3.6%
90 Day24.9%-4.6%-2.3%
1 Year53.2%47.2%2.4%1.4%25.3%22.6%
3 Year12.3%1.9%-13.4%-16.5%20.3%12.1%
5 Year30.9%10.6%17.6%11.0%78.4%58.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 9028 (¥1381) is trading below our estimate of fair value (¥32638.98)

Significantly Below Fair Value: 9028 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 9028 is good value based on its PE Ratio (7.7x) compared to the JP Transportation industry average (12.2x).

PE vs Market: 9028 is good value based on its PE Ratio (7.7x) compared to the JP market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 9028's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9028's PB Ratio (0.8x) is in line with the JP Transportation industry average.


Future Growth

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

58.3%

Forecasted Transportation 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 ZERO 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 ZERO performed over the past 5 years?

-7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9028 has high quality earnings.

Growing Profit Margin: 9028's current net profit margins (3.5%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: 9028's earnings have declined by 7% per year over the past 5 years.

Accelerating Growth: 9028's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 9028 had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Transportation industry average (-2.8%).


Return on Equity

High ROE: 9028's Return on Equity (10.8%) is considered low.


Financial Health

How is ZERO's financial position?


Financial Position Analysis

Short Term Liabilities: 9028's short term assets (¥20.0B) exceed its short term liabilities (¥14.3B).

Long Term Liabilities: 9028's short term assets (¥20.0B) exceed its long term liabilities (¥4.3B).


Debt to Equity History and Analysis

Debt Level: 9028 is debt free.

Reducing Debt: 9028 has no debt compared to 5 years ago when its debt to equity ratio was 6.1%.

Debt Coverage: 9028 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 9028 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ZERO current dividend yield, its reliability and sustainability?

4.15%

Current Dividend Yield


Upcoming Dividend Payment

TodayJun 18 2021Ex Dividend DateJun 29 2021Dividend Pay DateSep 30 202193 days from Ex DividendBuy in the next 10 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 9028's dividend (4.11%) is higher than the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 9028's dividend (4.11%) is in the top 25% of dividend payers in the JP market (2.99%)


Stability and Growth of Payments

Stable Dividend: 9028's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9028's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.8%), 9028'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?

6.8yrs

Average management tenure


CEO

Takeo Kitamura (66 yo)

no data

Tenure

Mr. Kitamura Takero has been the President of ZERO Co., Ltd. since August 2014 and serves as its Chief Executive Officer and served as its Chief Operating Officer. Mr. Takero served as the Director of Corp...


Leadership Team

Experienced Management: 9028's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: 9028's board of directors are considered experienced (7.5 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

ZERO Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ZERO Co., Ltd.
  • Ticker: 9028
  • Exchange: TSE
  • Founded: 1961
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: JP¥22.844b
  • Shares outstanding: 16.54m
  • Website: https://www.zero-group.co.jp

Number of Employees


Location

  • ZERO Co., Ltd.
  • Solid Square West Tower
  • 6th Floor
  • Kawasaki
  • Kanagawa
  • 212-0013
  • Japan

Listings


Biography

ZERO Co., Ltd., together with its subsidiaries, provides vehicle transportation and maintenance services in Japan. It offers new and used vehicle transportation, and door-to-door transportation of private ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/18 08:14
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
Annual Earnings2020/06/30


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.