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Akebono Brake Industry

OTCPK:AKBI.F
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AKBI.F
OTCPK
¥18B
Market Cap
  1. Home
  2. US
  3. Automobiles
Company description

Akebono Brake Industry Co., Ltd. engages in the research, development, manufacture, and sale of brakes, and related components and parts worldwide. The last earnings update was 67 days ago. More info.


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AKBI.F Share Price and Events
7 Day Returns
0%
OTCPK:AKBI.F
1.4%
US Auto Components
-0.3%
US Market
1 Year Returns
-
OTCPK:AKBI.F
-16.2%
US Auto Components
7%
US Market
AKBI.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Akebono Brake Industry (AKBI.F) 0% - - - -55.3% -77.2%
US Auto Components 1.4% 16.7% 9.2% -16.2% 9.4% 8.7%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • No trading data on AKBI.F.
  • No trading data on AKBI.F.
Price Volatility
AKBI.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Akebono Brake Industry's competitors could be found in our database.

Value

 Is Akebono Brake Industry undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Akebono Brake Industry to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Akebono Brake Industry.

OTCPK:AKBI.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:AKBI.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.193 (1 + (1- 30.86%) (614.57%))
4.526
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:AKBI.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Akebono Brake Industry is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:AKBI.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 14.65%)
2019 1,000.00 Analyst x1 872.22
2020 3,000.00 Analyst x1 2,282.30
2021 3,000.00 Analyst x1 1,990.67
2022 3,024.57 Est @ 0.82% 1,750.52
2023 3,066.68 Est @ 1.39% 1,548.10
2024 3,121.69 Est @ 1.79% 1,374.50
2025 3,186.45 Est @ 2.07% 1,223.74
2026 3,258.82 Est @ 2.27% 1,091.61
2027 3,337.31 Est @ 2.41% 975.06
2028 3,420.92 Est @ 2.51% 871.77
Present value of next 10 years cash flows ¥13,980.49
OTCPK:AKBI.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥3,420.92 × (1 + 2.73%) ÷ (14.65% – 2.73%)
¥29,482.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥29,482.47 ÷ (1 + 14.65%)10
¥7,513.17
OTCPK:AKBI.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥13,980.49 + ¥7,513.17
¥21,493.66
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥21,493.66 / 133.26
¥161.29
OTCPK:AKBI.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:AKBI.F represents 0.00838x of TSE:7238
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00838x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 161.29 x 0.00838
$1.35
Value per share (USD) From above. $1.35
Current discount Discount to share price of $1.14
= -1 x ($1.14 - $1.35) / $1.35
15.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Akebono Brake Industry is available for.
Intrinsic value
16%
Share price is $1.14 vs Future cash flow value of $1.35
Current Discount Checks
For Akebono Brake Industry to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Akebono Brake Industry's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Akebono Brake Industry's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Akebono Brake Industry's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Akebono Brake Industry's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AKBI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥-144.31
TSE:7238 Share Price ** TSE (2019-04-01) in JPY ¥136
United States of America Auto Components Industry PE Ratio Median Figure of 28 Publicly-Listed Auto Components Companies 15.36x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Akebono Brake Industry.

OTCPK:AKBI.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7238 Share Price ÷ EPS (both in JPY)

= 136 ÷ -144.31

-0.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Akebono Brake Industry is loss making, we can't compare its value to the US Auto Components industry average.
  • Akebono Brake Industry is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Akebono Brake Industry's expected growth come at a high price?
Raw Data
OTCPK:AKBI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
100.7%per year
United States of America Auto Components Industry PEG Ratio Median Figure of 25 Publicly-Listed Auto Components Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Akebono Brake Industry, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Akebono Brake Industry's assets?
Raw Data
OTCPK:AKBI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥60.18
TSE:7238 Share Price * TSE (2019-04-01) in JPY ¥136
United States of America Auto Components Industry PB Ratio Median Figure of 40 Publicly-Listed Auto Components Companies 1.5x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
OTCPK:AKBI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7238 Share Price ÷ Book Value per Share (both in JPY)

= 136 ÷ 60.18

2.26x

* Primary Listing of Akebono Brake Industry.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Akebono Brake Industry is overvalued based on assets compared to the US Auto Components industry average.
X
Value checks
We assess Akebono Brake Industry's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Akebono Brake Industry has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Akebono Brake Industry expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
100.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Akebono Brake Industry expected to grow at an attractive rate?
  • Akebono Brake Industry's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Akebono Brake Industry's earnings growth is expected to exceed the United States of America market average.
  • Akebono Brake Industry's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:AKBI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:AKBI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 100.7%
OTCPK:AKBI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.8%
United States of America Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:AKBI.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AKBI.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 260,000 17,000 3,000 1
2020-03-31 252,000 17,000 2,500 1
2019-03-31 248,000 13,000 2,000 1
OTCPK:AKBI.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 250,721 14,851 -19,225
2018-09-30 255,314 18,421 -311
2018-06-30 257,760 23,276 -100
2018-03-31 264,921 19,354 782
2017-12-31 269,860 21,299 5,373
2017-09-30 268,674 17,970 4,407
2017-06-30 268,835 10,942 3,971
2017-03-31 266,099 14,138 354
2016-12-31 266,609 6,303 -15,927
2016-09-30 273,211 6,873 -16,519
2016-06-30 279,067 4,005 -21,469
2016-03-31 281,341 7,516 -19,462

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Akebono Brake Industry's earnings are expected to grow significantly at over 20% yearly.
  • Akebono Brake Industry's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:AKBI.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Akebono Brake Industry Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AKBI.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 22.50 22.50 22.50 1.00
2020-03-31 18.80 18.80 18.80 1.00
2019-03-31 15.00 15.00 15.00 1.00
OTCPK:AKBI.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 -144.31
2018-09-30 -2.33
2018-06-30 -0.75
2018-03-31 5.87
2017-12-31 40.34
2017-09-30 33.09
2017-06-30 29.82
2017-03-31 2.66
2016-12-31 -119.65
2016-09-30 -124.14
2016-06-30 -161.38
2016-03-31 -146.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Akebono Brake Industry is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Akebono Brake Industry's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Akebono Brake Industry has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Akebono Brake Industry's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Akebono Brake Industry does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Akebono Brake Industry's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Akebono Brake Industry's 1-year growth to the US Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Akebono Brake Industry's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Akebono Brake Industry Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AKBI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 250,721.00 -19,225.00 20,066.00
2018-09-30 255,314.00 -311.00 20,093.00
2018-06-30 257,760.00 -100.00 19,956.00
2018-03-31 264,921.00 782.00 19,890.00
2017-12-31 269,860.00 5,373.00 20,383.00
2017-09-30 268,674.00 4,407.00 20,070.00
2017-06-30 268,835.00 3,971.00 20,181.00
2017-03-31 266,099.00 354.00 20,855.00
2016-12-31 266,609.00 -15,927.00 20,918.00
2016-09-30 273,211.00 -16,519.00 20,550.00
2016-06-30 279,067.00 -21,469.00 19,989.00
2016-03-31 281,341.00 -19,462.00 18,941.00
2015-12-31 279,892.00 -11,890.00 18,666.00
2015-09-30 272,640.00 -12,789.00 19,301.00
2015-06-30 263,512.00 -6,981.00 19,134.00
2015-03-31 254,157.00 -6,095.00 18,870.00
2014-12-31 246,146.00 395.00 18,297.00
2014-09-30 243,411.00 2,385.00 17,591.00
2014-06-30 240,676.00 1,773.00 17,453.00
2014-03-31 236,665.00 2,423.00 17,385.00
2013-12-31 226,110.00 1,914.00 17,075.00 741.00
2013-09-30 213,529.00 479.00 16,587.00 741.00
2013-06-30 206,430.00 80.00 16,507.00 741.00
2013-03-31 206,050.00 518.00 16,724.00 741.00
2012-12-31 206,683.00 -2,038.00 16,147.00 473.00
2012-09-30 212,151.00 -2,364.00 17,699.00 473.00
2012-06-30 212,258.00 -2,984.00 18,543.00 473.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Akebono Brake Industry has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Akebono Brake Industry has efficiently used its assets last year compared to the US Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Akebono Brake Industry improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Akebono Brake Industry's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Akebono Brake Industry has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Akebono Brake Industry's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Akebono Brake Industry's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Akebono Brake Industry's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Akebono Brake Industry's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Akebono Brake Industry's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Akebono Brake Industry Company Filings, last reported 3 months ago.

OTCPK:AKBI.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,622.00 111,380.00 10,793.00
2018-09-30 30,991.00 110,844.00 12,143.00
2018-06-30 29,857.00 111,915.00 13,282.00
2018-03-31 31,491.00 112,714.00 12,682.00
2017-12-31 33,869.00 112,315.00 14,092.00
2017-09-30 30,765.00 114,087.00 17,235.00
2017-06-30 28,707.00 115,741.00 14,187.00
2017-03-31 29,379.00 119,928.00 15,564.00
2016-12-31 23,587.00 116,448.00 16,569.00
2016-09-30 22,408.00 108,401.00 10,123.00
2016-06-30 24,569.00 110,875.00 12,480.00
2016-03-31 30,104.00 121,281.00 20,403.00
2015-12-31 47,754.00 132,097.00 34,734.00
2015-09-30 51,420.00 113,988.00 13,924.00
2015-06-30 58,101.00 104,401.00 9,215.00
2015-03-31 59,919.00 111,507.00 12,365.00
2014-12-31 62,161.00 99,434.00 11,353.00
2014-09-30 60,617.00 97,738.00 12,481.00
2014-06-30 59,918.00 91,654.00 9,559.00
2014-03-31 60,433.00 91,949.00 13,937.00
2013-12-31 58,995.00 90,984.00 10,633.00
2013-09-30 60,040.00 93,010.00 14,914.00
2013-06-30 58,343.00 97,420.00 20,142.00
2013-03-31 53,796.00 92,428.00 21,031.00
2012-12-31 48,568.00 86,034.00 20,445.00
2012-09-30 49,579.00 78,279.00 20,593.00
2012-06-30 50,763.00 86,695.00 30,299.00
  • Akebono Brake Industry's level of debt (882.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (154.2% vs 882.4% today).
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.

  • Whilst loss making Akebono Brake Industry has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Akebono Brake Industry has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess Akebono Brake Industry's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Akebono Brake Industry has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Akebono Brake Industry dividends. Estimated to be 0% next year.
If you bought $2,000 of Akebono Brake Industry shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Akebono Brake Industry's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Akebono Brake Industry's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:AKBI.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:AKBI.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
2019-03-31 0.00 1.00
OTCPK:AKBI.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2017-02-13 0.000 0.000
2017-02-02 0.000 0.000
2016-11-11 0.000 0.000
2016-11-02 0.000 0.000
2016-08-10 0.000 0.000
2016-08-02 0.000 0.000
2016-06-20 0.000 0.000
2016-05-10 0.000 0.000
2016-02-10 0.000 0.000
2016-02-02 0.000 0.000
2015-12-16 0.000 0.000
2015-12-15 0.000 0.000
2015-06-17 10.000 2.767
2015-05-07 10.000 2.393
2015-02-09 10.000 2.285
2015-02-03 10.000 2.423
2014-11-11 10.000 2.394
2014-11-04 10.000 2.241
2014-06-19 10.000 2.131
2014-05-07 10.000 2.035
2014-02-04 10.000 2.102
2013-11-11 10.000 2.129
2013-11-05 10.000 2.136
2013-05-07 10.000 2.111
2013-02-12 10.000 2.331
2013-02-05 10.000 2.281
2012-11-07 10.000 2.570
2012-11-01 10.000 2.801
2012-08-02 10.000 2.760
2012-06-21 10.000 2.858
2012-05-08 10.000 2.814
2012-02-13 10.000 2.327
2012-02-07 10.000 2.437
2011-11-09 10.000 2.926
2011-11-01 10.000 2.884
2011-08-02 10.000 2.641
2011-05-09 10.000 2.409
2011-02-10 10.000 2.293
2011-02-07 10.000 1.875
2010-11-11 10.000 1.925
2010-11-02 10.000 2.021
2010-08-03 10.000 2.135
2010-06-21 10.000 2.461
2010-05-18 10.000 2.291
2010-05-07 10.000 2.096
2010-02-12 5.000 1.046
2010-02-09 5.000 1.075
2009-11-09 0.000 0.000
2009-11-04 0.000 0.000
2009-08-07 0.000 0.000
2009-08-03 0.000 0.000
2009-06-22 0.000 0.000
2009-05-19 0.000 0.000
2009-05-15 0.000 0.000
2009-05-07 0.000 0.000
2009-04-23 10.000 2.136

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Akebono Brake Industry has not reported any payouts.
  • Unable to verify if Akebono Brake Industry's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Akebono Brake Industry's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Akebono Brake Industry has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Akebono Brake Industry's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Akebono Brake Industry's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Akebono Brake Industry afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Akebono Brake Industry has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hisataka Nobumoto
COMPENSATION ¥111,000,000
AGE 69
TENURE AS CEO 19 years
CEO Bio

Mr. Hisataka Nobumoto has been the Chairman, Chief Executive Officer and President at Akebono Brake Industry Co. Ltd. since June 1994, April 2000 and June 1990 respectively and also as its Representative Director since June 1986.

CEO Compensation
  • Insufficient data for Hisataka to compare compensation growth.
  • Insufficient data for Hisataka to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Akebono Brake Industry management team in years:

3.6
Average Tenure
66
Average Age
  • The tenure for the Akebono Brake Industry management team is about average.
Management Team

Hisataka Nobumoto

TITLE
CEO, President & Director
COMPENSATION
¥111M
AGE
69
TENURE
19 yrs

Kanji Miyajima

TITLE
CFO & Executive Officer
AGE
60
TENURE
5.8 yrs

Sachiyuki Ishige

TITLE
Executive Vice President
TENURE
1.3 yrs

Yoshimasa Ogino

TITLE
Executive VP
AGE
68
TENURE
13 yrs

Kazuo Matsumoto

TITLE
Executive VP
AGE
66
TENURE
5.8 yrs

Yuji Ando

TITLE
Head of Global Purchasing Division & Managing Executive Officer
TENURE
3.6 yrs

Katsuji Hidaka

TITLE
Senior Managing Executive Officer

Jean Humbert de Villardi de Montlaur

TITLE
Head of European Operations
AGE
66
TENURE
3.6 yrs

Kiyoshi Tanaka

TITLE
Head of the Automotive Sales Division & Executive Officer
TENURE
2 yrs

Norihide Ishida

TITLE
President of AIMS Business Unit
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Akebono Brake Industry board of directors in years:

7.8
Average Tenure
67
Average Age
  • The tenure for the Akebono Brake Industry board of directors is about average.
Board of Directors

Hisataka Nobumoto

TITLE
CEO, President & Director
COMPENSATION
¥111M
AGE
69
TENURE
24.8 yrs

Yoshimasa Ogino

TITLE
Executive VP
AGE
68
TENURE
10.7 yrs

Kazuo Matsumoto

TITLE
Executive VP
AGE
66

Kunio Ito

TITLE
Outside Director
AGE
67
TENURE
13.8 yrs

Takuo Tsurushima

TITLE
Outside Director
AGE
80
TENURE
11.8 yrs

Ken Okazaki

TITLE
Outside Director
AGE
69
TENURE
4.8 yrs

Tomohiro Katayama

TITLE
Audit & Supervisory Board Member

Tatsuya Shinoda

TITLE
Audit & Supervisory Board Member
AGE
55
TENURE
0.8 yrs

Hitoshi Takahashi

TITLE
Audit & Supervisory Board Member
AGE
63
TENURE
0.8 yrs

Yuji Itagaki

TITLE
Audit & Supervisory Board Member
AGE
57
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Akebono Brake Industry's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Akebono Brake Industry has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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.

Details
Name: Akebono Brake Industry Co., Ltd.
AKBI.F
Exchange: OTCPK
Founded: 1929
¥161,915,021
133,258,443
Website: http://www.akebono-brake.com
Address: Akebono Brake Industry Co., Ltd.
19-5, Nihonbashi Koami-cho,
Chuo-ku,
Tokyo,
103-8534,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7238 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK AKBI.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
OTCPK AKBI.Y SPONSORED ADS Pink Sheets LLC US USD 21. Oct 2014
Number of employees
Current staff
Staff numbers
9,240
Akebono Brake Industry employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:02
End of day share price update: 2019/04/01 00:00
Last estimates confirmation: 2018/11/12
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.