OTCPK:AKBI.F

Stock Analysis Report

Executive Summary

Akebono Brake Industry Co., Ltd. engages in the research, development, manufacture, and sale of brakes, and related components and parts worldwide.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Akebono Brake Industry's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AKBI.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

AKBI.F

-2.5%

US Auto Components

-1.2%

US Market


1 Year Return

n/a

AKBI.F

-2.4%

US Auto Components

22.3%

US Market

Return vs Industry: Insufficient data to determine how AKBI.F performed against the US Auto Components industry.

Return vs Market: Insufficient data to determine how AKBI.F performed against the US Market.


Shareholder returns

AKBI.FIndustryMarket
7 Day0%-2.5%-1.2%
30 Day0%-4.7%1.6%
90 Day8.0%-0.6%8.8%
1 Yearn/a-0.9%-2.4%25.0%22.3%
3 Yearn/a-1.5%-11.5%49.9%40.3%
5 Year-37.1%-37.1%17.2%0.5%77.6%58.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Akebono Brake Industry undervalued compared to its fair value and its price relative to the market?

0.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AKBI.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AKBI.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AKBI.F is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: AKBI.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AKBI.F is good value based on its PB Ratio (1x) compared to the US Auto Components industry average (1.3x).


Next Steps

Future Growth

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

20.2%

Forecasted Automobiles 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 Akebono Brake Industry 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.


Next Steps

Past Performance

How has Akebono Brake Industry performed over the past 5 years?

-9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AKBI.F is currently unprofitable.

Growing Profit Margin: AKBI.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AKBI.F is unprofitable, and losses have increased over the past 5 years at a rate of -9.8% per year.

Accelerating Growth: Unable to compare AKBI.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AKBI.F is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (4.1%).


Return on Equity

High ROE: AKBI.F has a negative Return on Equity (-19.2%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Akebono Brake Industry's financial position?


Financial Position Analysis

Short Term Liabilities: AKBI.F's short term assets (¥84.4B) exceed its short term liabilities (¥66.5B).

Long Term Liabilities: AKBI.F's short term assets (¥84.4B) exceed its long term liabilities (¥51.6B).


Debt to Equity History and Analysis

Debt Level: AKBI.F's debt to equity ratio (168.7%) is considered high.

Reducing Debt: AKBI.F's debt to equity ratio has increased from 154.2% to 168.7% over the past 5 years.


Balance Sheet

Inventory Level: AKBI.F has a high level of physical assets or inventory.

Debt Coverage by Assets: AKBI.F's debt is covered by short term assets (assets are 1.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AKBI.F has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: AKBI.F has sufficient cash runway for 1.9 years if free cash flow continues to grow at historical rates of 19.2% each year.


Next Steps

Dividend

What is Akebono Brake Industry's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate AKBI.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AKBI.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AKBI.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AKBI.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AKBI.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Akebono Brake Industry's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Yasuhiro Miyaji 0

1yrs

Tenure

0

Mr. Yasuhiro Miyaji serves as President, Chief Executive Officer and Representative Director at Akebono Brake Industry Co. since 2019. Mr. Miyaji had been Senior Vice President and Deputy Executive General ...


Management Age and Tenure

1.0yrs

Average Tenure

Experienced Management: AKBI.F's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

64yo

Average Age

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


Insider Trading

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.


Management Team

  • Takeshi Saito (60yo)

    Executive Officer

    • Tenure: 1yrs
  • Jean Humbert de Villardi de Montlaur (67yo)

    Head of European Operations

    • Tenure: 4.3yrs
  • Hiroshi Idei

    Executive Officer

    • Tenure: 1yrs
  • Seiji Nishimura

    Executive Officer

    • Tenure: 1yrs
  • Keiichi Oka

    Vice President

    • Tenure: 1yrs
  • Kiyoshi Tanaka

    Head of the Automotive Sales Division & Executive Officer

    • Tenure: 2.8yrs
  • Yasuhiro Miyaji

    President

    • Tenure: 1yrs
  • Takamasa Kurinami

    Executive VP

    • Tenure: 1yrs
  • Jin Kusanagi

    Executive Officer & CFO

    • Tenure: 1yrs
  • Chulmin Oh

    Executive Officer


    Board Members

    • Hiroaki Tanji (67yo)

      Outside Director

      • Tenure: 1yrs
    • Yuichi Hiromoto

      Outside Director

      • Tenure: 1yrs
    • Ken Okazaki (70yo)

      Outside Director

      • Tenure: 5.6yrs
    • Tomohiro Katayama

      Audit & Supervisory Board Member

      • Yasuhiro Miyaji

        President

        • Tenure: 1yrs
      • Tatsuya Shinoda (56yo)

        Audit & Supervisory Board Member

        • Tenure: 1.6yrs
      • Hitoshi Takahashi (64yo)

        Audit & Supervisory Board Member

        • Tenure: 1.6yrs
      • Yuji Itagaki (58yo)

        Audit & Supervisory Board Member

        • Tenure: 1.6yrs
      • Hiroshi Ikegami

        Member of Audit & Supervisory Board

        • Takamasa Kurinami

          Executive VP

          • Tenure: 1yrs

        Company Information

        Akebono Brake Industry Co., Ltd.'s company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: Akebono Brake Industry Co., Ltd.
        • Ticker: AKBI.F
        • Exchange: OTCPK
        • Founded: 1929
        • Industry: Auto Parts and Equipment
        • Sector: Automobiles
        • Market Cap: JP¥31.057b
        • Listing Market Cap: JP¥283.895m
        • Shares outstanding: 133.29m
        • Website: https://www.akebono-brake.com

        Number of Employees


        Location

        • Akebono Brake Industry Co., Ltd.
        • 19-5, Nihonbashi Koami-cho
        • Chuo-ku
        • Tokyo
        • 103-8534
        • Japan

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        7238TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
        AKBI.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

        Biography

        Akebono Brake Industry Co., Ltd. engages in the research, development, manufacture, and sale of brakes, and related components and parts worldwide. The company offers disc brake calipers, disc brake pads, disc rotors, corner modules, drum brake linings, drum brake shoes, wheel cylinders, drum-in-hat brakes, brake drums, sensors, etc. for automobiles; and disc brake calipers, disc brake pads, master cylinders, etc. for motorcycles. It also provides brakes for rolling stock, including disc brakes and brake linings for bullet trains, brake linings for regular trains, disc brakes for monorail, brake linings for rolling stock, brake shoes for railroad trains, etc. In addition, the company offers brakes for industrial machinery, which include forklifts, cranes, brake shoes for elevators, clutch facings for car air conditioning components, agricultural equipment, heavy-duty trailers, and wind power generation systems, as well as friction materials, drum brakes, disc brakes, and negative brakes. Further, it provides sensor products, including acceleration sensors, angular rate sensors, and sensor clusters; concept automotive, motorcycle, and mountain bike brakes; and brake systems for Formula 1 and touring cars. The company was formerly known as Akebono Sekimen Kogyo Co., Ltd. and changed its name to Akebono Brake Industry Co., Ltd. in 1960. Akebono Brake Industry Co., Ltd. was founded in 1929 and is headquartered in Tokyo, Japan. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/27 00:20
        End of Day Share Price2019/11/12 00:00
        Earnings2019/09/30
        Annual Earnings2019/03/31


        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.