OTCPK:CKOC.F

Stock Analysis Report

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Executive Summary

Chudenko Corporation operates as an equipment engineering company in Japan.


Snowflake Analysis

Excellent balance sheet established dividend payer.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.7%

CKOC.F

-0.8%

US Construction

4.3%

US Market


1 Year Return

n/a

CKOC.F

-11.7%

US Construction

7.4%

US Market

Return vs Industry: Insufficient data to determine how CKOC.F performed against the US Construction industry.

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


Shareholder returns

CKOC.FIndustryMarket
7 Day-4.7%-0.8%4.3%
30 Day-4.7%-8.3%0.5%
90 Dayn/a17.8%23.0%
1 Yearn/a-11.0%-11.7%9.7%7.4%
3 Yearn/a-7.1%-9.2%38.3%29.2%
5 Year12.4%12.4%16.7%12.5%66.0%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

26.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CKOC.F ($20.53) is trading below our estimate of fair value ($27.98)

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


Price To Earnings Ratio

PE vs Industry: CKOC.F is poor value based on its PE Ratio (26.7x) compared to the Construction industry average (13.8x).

PE vs Market: CKOC.F is poor value based on its PE Ratio (26.7x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CKOC.F is good value based on its PB Ratio (0.6x) compared to the US Construction industry average (1.4x).


Next Steps

Future Growth

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

37.0%

Forecasted Capital Goods 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 Chudenko 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

  • Examine whether Chudenko is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Chudenko's filings and announcements here.
  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Chudenko performed over the past 5 years?

-15.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CKOC.F has high quality earnings.

Growing Profit Margin: CKOC.F's current net profit margins (2.8%) are lower than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: CKOC.F's earnings have declined by -15.4% per year over the past 5 years.

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

Earnings vs Industry: CKOC.F had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Construction industry average (8.5%).


Return on Equity

High ROE: CKOC.F's Return on Equity (2.4%) is considered low.


Next Steps

Financial Health

How is Chudenko's financial position?


Financial Position Analysis

Short Term Liabilities: CKOC.F's short term assets (¥101.8B) exceed its short term liabilities (¥47.8B).

Long Term Liabilities: CKOC.F's short term assets (¥101.8B) exceed its long term liabilities (¥13.9B).


Debt to Equity History and Analysis

Debt Level: CKOC.F's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: CKOC.F's debt to equity ratio has increased from 0.1% to 0.5% over the past 5 years.

Debt Coverage: CKOC.F's debt is well covered by operating cash flow (1164.9%).

Interest Coverage: CKOC.F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

4.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CKOC.F's dividend (4.52%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: CKOC.F's dividend (4.52%) is in the top 25% of dividend payers in the US market (4.5%)


Stability and Growth of Payments

Stable Dividend: CKOC.F's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.4%), CKOC.F's dividend payments are 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?

4.1yrs

Average management tenure


CEO

Hirofumi Obata (70yo)

6.08yrs

Tenure

Mr. Hirofumi Obata has been President and Representative Director of Chudenko Corporation since June 2014. Mr. Obata served as an Executive Vice President and Director of Chugoku Electric Power Co. Inc. He ...


Leadership Team

NamePositionTenureCompensationOwnership
Hirofumi Obata
President & Representative Director6.08yrsno data0.016% ¥195.0k
Akira Sakotani
Presidentno datano data0.0057% ¥68.5k
Hidefumi Ogata
Managing Executive Officer6.08yrsno data0.0049% ¥57.9k
Takanobu Tsutsumi
Senior Managing Executive Officer6.08yrsno data0.0068% ¥81.4k
Kiyohiko Ito
Senior Managing Executive Officerno datano datano data
Yukio Une
Head of Business General Examination Dept. & Materials Dept.11.08yrsno datano data
Tsunehisa Kuniki
Senior Managing Executive Officer9.08yrsno data0.0095% ¥113.5k
Keiji Okazaki
Executive Officer & Head of Design of Sales Division no datano datano data
Kyoichi Mashishige
Executive Officerno datano datano data
Takayoshi Takeyama
Executive Officer & Head of Corporate Planning of Planning Divisionno datano datano data

4.1yrs

Average Tenure

68yo

Average Age

Experienced Management: CKOC.F's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hirofumi Obata
President & Representative Director6.08yrsno data0.016% ¥195.0k
Hidefumi Ogata
Managing Executive Officer6.08yrsno data0.0049% ¥57.9k
Takanobu Tsutsumi
Senior Managing Executive Officer6.08yrsno data0.0068% ¥81.4k
Kiyohiko Ito
Senior Managing Executive Officerno datano datano data
Yukio Une
Head of Business General Examination Dept. & Materials Dept.11.08yrsno datano data
Tsunehisa Kuniki
Senior Managing Executive Officer9.08yrsno data0.0095% ¥113.5k
Murao Kumazaki
Managing Executive Officer5.08yrsno datano data
Yamada Masashi
Managing Executive Officer & Directorno datano data0.0013% ¥15.0k
Toru Jinde
Chairman6.08yrsno datano data
Kazuyuki Mitate
External Directorno datano data0.0016% ¥19.3k

6.1yrs

Average Tenure

68yo

Average Age

Experienced Board: CKOC.F's board of directors are considered experienced (6.1 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

Chudenko Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chudenko Corporation
  • Ticker: CKOC.F
  • Exchange: OTCPK
  • Founded: 1944
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: JP¥128.286b
  • Listing Market Cap: JP¥1.194b
  • Shares outstanding: 55.70m
  • Website: https://www.chudenko.co.jp

Number of Employees


Location

  • Chudenko Corporation
  • 6-12 Koamicho
  • Naka-ku
  • Hiroshima
  • Hiroshima
  • 730-0855
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1941TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
CKOC.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Chudenko Corporation operates as an equipment engineering company in Japan. It engages in the electrical works, such as light/outlet, image/sound/TV/broadcast, power receiving/transforming, and plant equipment works; energy-related works comprising wind/solar power generation, cogeneration, energy-saving power, and private power generation system works; and environment-related works, including recycling and heat storage system works. The company also undertakes electric line/distribution line/leading wire/underground line works; and office/household water and sewerage, and industrial water and sewerage facilities works, as well as constructs, maintains, and repairs roads and architecture. In addition, it is involved in the Internet/Intranet, CATV/community wireless system/telephone, LAN, optical and mobile communication, and OA floor equipment, as well as system integration and integrated information wiring works; air-conditioning/cooling, heating/water supply, drainage/sanitation/environment equipment, and clean room system works; and fire-alarm, theft monitoring/alarm, and firefighting/evacuation guidance equipment works. Further, the company engages in building equipment renewal and housing renovation works, as well as pylon works; designs, produces, sells, repairs, installs, and maintains electrical equipment, such as distribution boards, supervisory panels, control boards, power source equipment, communication devices, heavy current devices, various measuring devices, and others; and plans, develops, sells, rents, operates, and maintains software and information processing systems. Additionally, it provides consulting and maintenance services consisting of energy saving diagnosis and support services, as well as disaster prevention and firefighting equipment inspection services. The company was founded in 1944 and is headquartered in Hiroshima, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 00:45
End of Day Share Price2020/07/02 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.