Loading...

Chiyoda

OTCPK:CHYC.F
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHYC.F
OTCPK
¥74B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Chiyoda Corporation operates as an integrated engineering company in Japan, Australia, the United States, Russia, and internationally. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
CHYC.F Share Price and Events
7 Day Returns
-7.3%
OTCPK:CHYC.F
-1.9%
US Construction
-0.7%
US Market
1 Year Returns
-
OTCPK:CHYC.F
-8.7%
US Construction
3%
US Market
CHYC.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chiyoda (CHYC.F) -7.3% - - - -65% -76.7%
US Construction -1.9% -4.8% 1.7% -8.7% 18.4% 0.6%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on CHYC.F.
  • No trading data on CHYC.F.
Price Volatility
CHYC.F
Industry
5yr Volatility vs Market

CHYC.F Value

 Is Chiyoda 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 Chiyoda 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 Chiyoda.

OTCPK:CHYC.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 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
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:CHYC.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.06 (1 + (1- 30.86%) (21.59%))
1.146
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.146 * 5.96%)
9.56%

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

The calculations below outline how an intrinsic value for Chiyoda 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:CHYC.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.56%)
2019 -105,355.35 Analyst x4 -96,162.04
2020 -162,096.00 Analyst x1 -135,041.27
2021 2,848.75 Analyst x4 2,166.19
2022 58,481.00 Analyst x1 40,588.52
2023 87,517.79 Est @ 49.65% 55,441.10
2024 118,652.39 Est @ 35.58% 68,605.53
2025 149,171.71 Est @ 25.72% 78,725.63
2026 177,251.98 Est @ 18.82% 85,382.31
2027 202,059.98 Est @ 14% 88,839.11
2028 223,510.92 Est @ 10.62% 89,695.31
Present value of next 10 years cash flows ¥278,240.40
OTCPK:CHYC.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥223,510.92 × (1 + 2.73%) ÷ (9.56% – 2.73%)
¥3,361,718.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥3,361,718.08 ÷ (1 + 9.56%)10
¥1,349,063.22
OTCPK:CHYC.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥278,240.40 + ¥1,349,063.22
¥1,627,303.62
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,627,303.62 / 258.97
¥6283.82
OTCPK:CHYC.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CHYC.F represents 0.00934x of TSE:6366
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00934x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 6,283.82 x 0.00934
$58.66
Value per share (USD) From above. $58.66
Current discount Discount to share price of $2.67
= -1 x ($2.67 - $58.66) / $58.66
95.4%

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

Current Discount
Amount off the current price Chiyoda is available for.
Intrinsic value
>50%
Share price is $2.67 vs Future cash flow value of $58.66
Current Discount Checks
For Chiyoda to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chiyoda's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Chiyoda's share price is below the future cash flow value, and 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 Chiyoda's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chiyoda's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CHYC.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥-830.02
TSE:6366 Share Price ** TSE (2019-05-16) in JPY ¥286
United States of America Construction Industry PE Ratio Median Figure of 27 Publicly-Listed Construction Companies 16.1x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of Chiyoda.

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

= TSE:6366 Share Price ÷ EPS (both in JPY)

= 286 ÷ -830.02

-0.34x

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

  • Chiyoda is loss making, we can't compare its value to the US Construction industry average.
  • Chiyoda 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 Chiyoda's expected growth come at a high price?
Raw Data
OTCPK:CHYC.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
160.9%per year
United States of America Construction Industry PEG Ratio Median Figure of 23 Publicly-Listed Construction Companies 1.12x
United States of America Market PEG Ratio Median Figure of 2,117 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 Chiyoda, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chiyoda's assets?
Raw Data
OTCPK:CHYC.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥-232.13
TSE:6366 Share Price * TSE (2019-05-16) in JPY ¥286
United States of America Construction Industry PB Ratio Median Figure of 34 Publicly-Listed Construction Companies 1.79x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:CHYC.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6366 Share Price ÷ Book Value per Share (both in JPY)

= 286 ÷ -232.13

-1.23x

* Primary Listing of Chiyoda.

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

  • Chiyoda has negative assets, we can't compare the value of its assets to the US Construction industry average.
X
Value checks
We assess Chiyoda'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Chiyoda has a total score of 2/6, 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.

CHYC.F Future Performance

 How is Chiyoda expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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
160.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chiyoda expected to grow at an attractive rate?
  • Chiyoda's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Chiyoda's earnings growth is expected to exceed the United States of America market average.
  • Chiyoda's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CHYC.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CHYC.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 160.9%
OTCPK:CHYC.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 16.3%
United States of America Construction Industry Earnings Growth Rate Market Cap Weighted Average 25.4%
United States of America Construction Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:CHYC.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CHYC.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 624,333 1
2022-03-31 613,084 63,314 14,260 2
2021-03-31 511,072 18,700 11,192 7
2020-03-31 413,200 6,480 3
OTCPK:CHYC.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 341,952 -37,941 -214,948
2018-12-31 431,040 -126,904
2018-09-30 406,608 -43,877 -105,641
2018-06-30 486,641 2,578
2018-03-31 510,873 -34,115 6,445
2017-12-31 554,563 -1,918
2017-09-30 577,469 -6,079 -43,246
2017-06-30 587,964 -44,663
2017-03-31 603,745 -4,375 -41,116
2016-12-31 602,740 -38,874
2016-09-30 606,259 8,593 3,417
2016-06-30 619,241 5,070

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chiyoda's earnings are expected to grow significantly at over 20% yearly.
  • Chiyoda's revenue is expected to grow by 16.3% 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:CHYC.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Chiyoda Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CHYC.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31 14.90 14.90 14.90 1.00
2021-03-31 37.53 54.10 25.96 5.00
2020-03-31 23.20 23.20 23.20 1.00
OTCPK:CHYC.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 -830.02
2018-12-31 -490.02
2018-09-30 -407.91
2018-06-30 9.95
2018-03-31 24.89
2017-12-31 -7.41
2017-09-30 -166.99
2017-06-30 -172.46
2017-03-31 -158.76
2016-12-31 -150.10
2016-09-30 13.19
2016-06-30 19.58

*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.
  • Chiyoda is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Chiyoda'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.
Chiyoda has a total score of 5/6, 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.

CHYC.F Past Performance

  How has Chiyoda 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 Chiyoda's growth in the last year to its industry (Construction).
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.
  • Chiyoda does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Chiyoda's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Chiyoda's 1-year growth to the US Construction industry average as it is not currently profitable.
Earnings and Revenue History
Chiyoda'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 Chiyoda Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CHYC.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 341,952.00 -214,948.00 18,647.00
2018-12-31 431,040.00 -126,904.00 19,453.00
2018-09-30 406,608.00 -105,641.00 20,099.00
2018-06-30 486,641.00 2,578.00 20,314.00
2018-03-31 510,873.00 6,445.00 20,948.00
2017-12-31 554,563.00 -1,918.00 21,624.00
2017-09-30 577,469.00 -43,246.00 21,773.00
2017-06-30 587,964.00 -44,663.00 22,228.00
2017-03-31 603,745.00 -41,116.00 22,543.00
2016-12-31 602,740.00 -38,874.00 24,381.00
2016-09-30 606,259.00 3,417.00 24,213.00
2016-06-30 619,241.00 5,070.00 24,957.00
2016-03-31 611,548.00 3,375.00 25,505.00
2015-12-31 592,933.00 10,996.00 21,473.00 2,456.00
2015-09-30 556,026.00 10,701.00 22,107.00 2,456.00
2015-06-30 519,247.00 12,752.00 21,562.00 2,456.00
2015-03-31 480,979.00 11,029.00 21,729.00 2,456.00
2014-12-31 470,369.00 10,383.00 21,243.00 2,424.00
2014-09-30 453,591.00 11,936.00 20,962.00 2,424.00
2014-06-30 436,651.00 11,124.00 19,666.00 2,424.00
2014-03-31 446,147.00 13,447.00 17,959.00 2,424.00
2013-12-31 436,233.00 15,354.00 17,019.00 2,323.00
2013-09-30 437,922.00 17,358.00 15,304.00 2,323.00
2013-06-30 422,586.00 15,803.00 15,020.00 2,323.00
2013-03-31 398,918.00 16,077.00 15,079.00 2,323.00
2012-12-31 352,530.00 17,789.00 14,572.00 1,886.00
2012-09-30 305,846.00 17,328.00 14,080.00 1,886.00
2012-06-30 272,797.00 15,637.00 13,639.00 1,886.00

*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 Chiyoda has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Chiyoda has efficiently used its assets last year compared to the US Construction industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Chiyoda improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Chiyoda'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 Construction 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.
Chiyoda 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.

CHYC.F Health

 How is Chiyoda'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 Chiyoda's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chiyoda's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Chiyoda's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chiyoda'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.
  • Low level of unsold assets.
  • Chiyoda has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Chiyoda Company Filings, last reported 1 month ago.

OTCPK:CHYC.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -59,155.00 15,988.00 69,457.00
2018-12-31 30,892.00 16,029.00 58,052.00
2018-09-30 49,445.00 15,000.00 76,462.00
2018-06-30 152,358.00 15,000.00 86,223.00
2018-03-31 159,418.00 10,000.00 104,007.00
2017-12-31 160,875.00 10,260.00 107,319.00
2017-09-30 158,416.00 10,244.00 117,423.00
2017-06-30 154,999.00 10,185.00 137,603.00
2017-03-31 157,123.00 10,211.00 143,372.00
2016-12-31 159,667.00 10,327.00 123,538.00
2016-09-30 195,750.00 10,234.00 127,605.00
2016-06-30 199,941.00 10,372.00 134,879.00
2016-03-31 202,127.00 10,347.00 144,714.00
2015-12-31 207,474.00 10,122.00 151,445.00
2015-09-30 208,173.00 10,356.00 141,705.00
2015-06-30 207,159.00 10,731.00 128,769.00
2015-03-31 208,404.00 11,010.00 113,314.00
2014-12-31 205,115.00 11,103.00 115,858.00
2014-09-30 200,772.00 11,224.00 110,877.00
2014-06-30 194,760.00 11,257.00 122,595.00
2014-03-31 198,030.00 11,305.00 145,367.00
2013-12-31 197,351.00 10,169.00 150,981.00
2013-09-30 191,430.00 10,171.00 164,324.00
2013-06-30 187,755.00 10,164.00 169,480.00
2013-03-31 189,355.00 10,220.00 182,855.00
2012-12-31 181,252.00 10,198.00 179,667.00
2012-09-30 170,826.00 10,202.00 178,466.00
2012-06-30 167,022.00 10,209.00 181,010.00
  • Chiyoda has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Chiyoda's debt level has increased considering it has negative shareholder equity.
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.

  • Chiyoda has sufficient cash runway for 1.7 years based on current free cash flow.
  • Chiyoda has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 105.3% each year.
X
Financial health checks
We assess Chiyoda'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. Chiyoda has a total score of 3/6, 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.

CHYC.F Dividends

 What is Chiyoda'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
2.62%
Current annual income from Chiyoda dividends. Estimated to be 0.2% next year.
If you bought $2,000 of Chiyoda shares you are expected to receive $52 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?
  • Chiyoda's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Chiyoda's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
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:CHYC.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 7 Analyst Estimates (S&P Global) See Below
United States of America Construction Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
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 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:CHYC.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31 0.00 1.00
2021-03-31 1.40 5.00
2020-03-31 0.00 6.00
OTCPK:CHYC.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-06-21 7.500 1.767
2018-05-11 7.500 0.778
2017-06-26 6.000 0.786
2017-05-12 6.000 0.928
2016-11-10 6.000 0.770
2016-08-09 6.000 0.719
2016-06-23 6.000 0.853
2016-05-12 6.000 0.805
2016-02-09 14.000 1.624
2015-08-10 14.000 1.552
2015-06-25 14.000 1.339
2015-05-14 14.000 1.270
2014-06-25 16.000 1.489
2014-05-13 16.000 1.322
2013-06-25 19.000 1.452
2013-05-10 19.000 1.709
2013-02-08 17.500 1.647
2012-11-07 17.500 1.469
2012-08-08 17.500 1.531
2012-06-26 17.500 1.755
2012-05-11 17.500 1.796
2012-02-07 13.000 1.323
2011-11-10 10.000 1.200
2011-08-09 10.000 1.214
2011-06-23 10.000 1.049
2011-05-12 10.000 1.133
2010-06-28 5.000 0.710
2010-05-13 5.000 0.701
2010-02-10 3.000 0.347
2009-11-11 3.000 0.404

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Chiyoda's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • No need to calculate the sustainability of Chiyoda'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 Chiyoda'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 Chiyoda afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chiyoda has a total score of 2/6, see the detailed checks below.


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

CHYC.F Management

 What is the CEO of Chiyoda'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
Masaji Santo
AGE 60
TENURE AS CEO 1.9 years
CEO Bio

Mr. Masaji Santo has been Chief Executive Officer, President & Representative Director at Chiyoda Corporation since June 26, 2017 and April 1, 2017 respectively and has been its General Manager, Structural Reform Promotion Office since 2018. Mr. Santo served as Senior Vice President of Mitsubishi Corporation and served as its Regional Chief Executive Officer for Latin America & the Caribbean since October 1, 2016. He served as Senior Executive Vice President at Chiyoda Corporation until June 26, 2017. Mr. Santo served as Regional Chief Executive Officer of Latin America at Mitsubishi Corporation since April 1, 2016 until October 1, 2016. He served as Division Chief Operating Officer of Environment & Infrastructure Business Division at Mitsubishi Corporation from June 21, 2013 to April 1, 2016. Mr. Santo served as the President of Mitsubishi Chile Limitada at Mitsubishi Corporation and as General Manager of the Project Development Unit, Plant Project Division. He also worked in Houston Branch, Mitsubishi International Corporation in 1997 and other various positions in Mitsubishi since April 1981. He served as an External Director of Chiyoda Corporation. He served as a Director of Manila Water Company, Inc. since July 24, 2012 until April 4, 2014. Mr. Santo graduated with a Faculty of Law, Tokyo University, Japan in 1981.

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

Average tenure of the Chiyoda management team in years:

1.9
Average Tenure
  • The average tenure for the Chiyoda management team is less than 2 years, this suggests a new team.
Management Team

Katsuo Nagasaka

TITLE
Chairman of the Board

Masaji Santo

TITLE
President
AGE
60
TENURE
1.9 yrs

Hirotsugu Hayashi

TITLE
Sr. EVP
TENURE
1.9 yrs

Yukio Yamada

TITLE
General Manager of Administration Department

Yasumitsu Abe

TITLE
Senior VP
TENURE
1.3 yrs

Masahiko Kojima

TITLE
EVP, Asst. to President of Growth Strategy
TENURE
1.9 yrs

Ryosuke Shimizu

TITLE
Executive VP

Nobuyuki Uchida

TITLE
Senior VP

Mamoru Nakano

TITLE
Executive VP & Project Director
TENURE
2.1 yrs

Masao Ishikawa

TITLE
Senior VP and Director of Technology & Engineering Division
Board of Directors Tenure

Average tenure of the Chiyoda board of directors in years:

1.9
Average Tenure
  • The average tenure for the Chiyoda board of directors is less than 3 years, this suggests a new board.
Board of Directors

Katsuo Nagasaka

TITLE
Chairman of the Board
TENURE
1.9 yrs

Masaji Santo

TITLE
President
AGE
60
TENURE
1.9 yrs

Hirotsugu Hayashi

TITLE
Sr. EVP
TENURE
1.9 yrs

Masahiko Kojima

TITLE
EVP, Asst. to President of Growth Strategy

Ryosuke Shimizu

TITLE
Executive VP

Nobuyuki Uchida

TITLE
Senior VP
TENURE
1.9 yrs

Arata Sahara

TITLE
Senior EVP

Mikio Kobayashi

TITLE
External Director

Nobuo Tanaka

TITLE
External Director
AGE
68

Hiroshi Sakuma

TITLE
External Director
TENURE
1.9 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 Chiyoda'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. Chiyoda 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.

CHYC.F News

Simply Wall St News

CHYC.F Company Info

Description

Chiyoda Corporation operates as an integrated engineering company in Japan, Australia, the United States, Russia, and internationally. The company offers consulting, planning, engineering, procurement, construction, commissioning, and maintenance services for facilities related to gas, electricity, petroleum, petrochemical, chemical, pharmaceutical, antipollution, environment, preservation, and others. It also explores for oil, gas, and other mineral resource, as well as invests in and finances exploration activities. Chiyoda Corporation was founded in 1948 and is headquartered in Yokohama, Japan.

Details
Name: Chiyoda Corporation
CHYC.F
Exchange: OTCPK
Founded: 1948
¥673,682,654
258,967,381
Website: http://www.chiyodacorp.com/jp
Address: Chiyoda Corporation
Minatomirai Grand Central Tower,
4-6-2, Minatomirai,
Yokohama,
Kanagawa, 220-8765,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6366 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK CHYC.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
DB CYA Common Shares Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK CHYC.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
4,989
Chiyoda employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:17
End of day share price update: 2019/05/16 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.