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Glory

OTCPK:GLYY.Y
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLYY.Y
OTCPK
¥163B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Glory Ltd. develops, manufactures, sells, and maintains money handling machines and systems. The last earnings update was 19 days ago. More info.


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GLYY.Y Share Price and Events
7 Day Returns
0%
OTCPK:GLYY.Y
-0.6%
US Machinery
0.5%
US Market
1 Year Returns
-
OTCPK:GLYY.Y
-1.9%
US Machinery
3.7%
US Market
GLYY.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Glory (GLYY.Y) 0% 0% 0% - - -
US Machinery -0.6% 5.3% 3.5% -1.9% 55.3% 26.2%
US Market 0.5% 3.9% 2.2% 3.7% 40.7% 40.2%
1 Year Return vs Industry and Market
  • No trading data on GLYY.Y.
  • No trading data on GLYY.Y.
Price Volatility
GLYY.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Glory's competitors could be found in our database.

Value

 Is Glory 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 Glory 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    Our intrinsic value calculation method has changed recently, learn more here.

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

OTCPK:GLYY.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
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:GLYY.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 30.86%) (36.72%))
1.223
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.223 * 5.96%)
10.02%

Discounted Cash Flow Calculation for OTCPK:GLYY.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Glory 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:GLYY.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.02%)
2019 9,851.50 Analyst x2 8,954.58
2020 14,849.67 Analyst x3 12,268.81
2021 12,441.00 Analyst x3 9,342.95
2022 12,464.04 Est @ 0.19% 8,508.06
2023 12,582.28 Est @ 0.95% 7,806.81
2024 12,768.88 Est @ 1.48% 7,201.29
2025 13,006.01 Est @ 1.86% 6,667.22
2026 13,281.61 Est @ 2.12% 6,188.62
2027 13,587.39 Est @ 2.3% 5,754.69
2028 13,917.64 Est @ 2.43% 5,357.90
Present value of next 10 years cash flows ¥78,050.93
OTCPK:GLYY.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥13,917.64 × (1 + 2.73%) ÷ (10.02% – 2.73%)
¥196,225.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥196,225.38 ÷ (1 + 10.02%)10
¥75,541.28
OTCPK:GLYY.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥78,050.93 + ¥75,541.28
¥153,592.21
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥153,592.21 / 60.39
¥24.16
OTCPK:GLYY.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:GLYY.Y represents 0.0095x of TSE:6457
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0095x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,543.32 x 0.0095
$24.16
Value per share (USD) From above. $24.16
Current discount Discount to share price of $25.68
= -1 x ($25.68 - $24.16) / $24.16
-6.3%

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

  • The current share price of Glory is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Glory's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Glory's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:GLYY.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥172.64
TSE:6457 Share Price ** TSE (2018-12-04) in JPY ¥2703
United States of America Machinery Industry PE Ratio Median Figure of 104 Publicly-Listed Machinery Companies 21.02x
United States of America Market PE Ratio Median Figure of 3,041 Publicly-Listed Companies 17.84x

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

** Primary Listing of Glory.

OTCPK:GLYY.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6457 Share Price ÷ EPS (both in JPY)

= 2703 ÷ 172.64

15.66x

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

  • Glory is good value based on earnings compared to the US Machinery industry average.
  • Glory is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Glory's expected growth come at a high price?
Raw Data
OTCPK:GLYY.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6.9%per year
United States of America Machinery Industry PEG Ratio Median Figure of 85 Publicly-Listed Machinery Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

OTCPK:GLYY.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.66x ÷ 6.9%

2.25x

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

  • Glory is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Glory's assets?
Raw Data
OTCPK:GLYY.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥3,050.27
TSE:6457 Share Price * TSE (2018-12-04) in JPY ¥2703
United States of America Machinery Industry PB Ratio Median Figure of 128 Publicly-Listed Machinery Companies 2.47x
United States of America Market PB Ratio Median Figure of 5,133 Publicly-Listed Companies 1.87x
OTCPK:GLYY.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6457 Share Price ÷ Book Value per Share (both in JPY)

= 2703 ÷ 3,050.27

0.89x

* Primary Listing of Glory.

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

  • Glory is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Glory'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Glory has a total score of 3/6, 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 Glory expected to perform in the next 1 to 3 years based on estimates from 3 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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Glory expected to grow at an attractive rate?
  • Glory's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Glory's earnings growth is positive but not above the United States of America market average.
  • Glory's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:GLYY.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:GLYY.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.9%
OTCPK:GLYY.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.2%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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:GLYY.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:GLYY.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 241,633 22,972 13,133 3
2020-03-31 233,967 25,381 12,000 3
2019-03-31 236,767 20,648 11,667 3
OTCPK:GLYY.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 232,206 10,740
2018-09-30 232,561 16,513 11,673
2018-06-30 228,380 10,241
2018-03-31 227,361 14,585 9,892
2017-12-31 224,986 9,316
2017-09-30 224,625 20,528 10,287
2017-06-30 223,704 11,577
2017-03-31 222,581 30,087 10,382
2016-12-31 227,468 10,625
2016-09-30 225,149 34,340 7,949
2016-06-30 228,265 6,855
2016-03-31 226,952 28,142 8,829

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Glory's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Glory's revenue is expected to grow by 1.2% 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:GLYY.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Glory Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GLYY.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 213.91 228.72 205.70 3.00
2020-03-31 195.33 205.69 179.40 3.00
2019-03-31 189.95 197.46 181.00 3.00
OTCPK:GLYY.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 172.64
2018-09-30 186.09
2018-06-30 162.35
2018-03-31 155.94
2017-12-31 146.05
2017-09-30 160.78
2017-06-30 180.01
2017-03-31 160.33
2016-12-31 162.99
2016-09-30 121.19
2016-06-30 104.33
2016-03-31 134.38

*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.
  • Glory is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Glory'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.
Glory has a total score of 1/6, 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 Glory 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 Glory's growth in the last year to its industry (Machinery).
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.
  • Glory's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Glory's 1-year earnings growth exceeds its 5-year average (15.3% vs -0.2%)
  • Glory's earnings growth has not exceeded the US Machinery industry average in the past year (15.3% vs 31%).
Earnings and Revenue History
Glory'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 Glory Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GLYY.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 232,206.00 10,740.00 59,349.00
2018-09-30 232,561.00 11,673.00 59,580.00
2018-06-30 228,380.00 10,241.00 59,390.00
2018-03-31 227,361.00 9,892.00 59,188.00
2017-12-31 224,986.00 9,316.00 59,601.00
2017-09-30 224,625.00 10,287.00 59,117.00
2017-06-30 223,704.00 11,577.00 58,324.00
2017-03-31 222,581.00 10,382.00 57,888.00
2016-12-31 227,468.00 10,625.00 56,597.00
2016-09-30 225,149.00 7,949.00 56,845.00
2016-06-30 228,265.00 6,855.00 57,805.00
2016-03-31 226,952.00 8,829.00 58,935.00
2015-12-31 233,133.00 11,275.00 58,195.00
2015-09-30 233,344.00 12,061.00 59,821.00
2015-06-30 231,013.00 13,444.00 60,355.00
2015-03-31 226,974.00 13,082.00 59,944.00
2014-12-31 222,888.00 11,184.00 61,482.00
2014-09-30 220,042.00 11,437.00 60,797.00
2014-06-30 215,872.00 10,624.00 60,068.00
2014-03-31 218,632.00 9,939.00 60,116.00
2013-12-31 212,588.00 7,375.00 61,082.00
2013-09-30 208,430.00 7,124.00 58,928.00
2013-06-30 202,998.00 6,018.00 65,431.00
2013-03-31 190,939.00 6,873.00 51,017.00
2012-12-31 170,332.00 7,571.00 50,640.00
2012-09-30 158,557.00 6,306.00 45,133.00
2012-06-30 148,386.00 6,400.00 40,816.00
2012-03-31 146,938.00 6,247.00 39,571.00

*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.
  • Glory has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Glory used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Glory's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Glory'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 Machinery 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.
Glory has a total score of 1/6, 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 Glory'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 Glory's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Glory is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Glory's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Glory'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 covered by short term assets, assets are 3.1x 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 Glory Company Filings, last reported 2 months ago.

OTCPK:GLYY.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 187,996.00 59,933.00 75,077.00
2018-09-30 195,284.00 31,972.00 56,572.00
2018-06-30 190,016.00 33,388.00 56,666.00
2018-03-31 192,164.00 36,535.00 63,154.00
2017-12-31 191,023.00 38,655.00 60,071.00
2017-09-30 194,138.00 41,081.00 67,561.00
2017-06-30 190,619.00 44,596.00 73,817.00
2017-03-31 191,442.00 49,461.00 77,292.00
2016-12-31 187,068.00 58,650.00 79,443.00
2016-09-30 181,569.00 58,988.00 76,936.00
2016-06-30 184,521.00 63,456.00 82,921.00
2016-03-31 198,286.00 50,605.00 68,553.00
2015-12-31 206,744.00 52,673.00 55,445.00
2015-09-30 208,016.00 56,469.00 58,913.00
2015-06-30 211,489.00 59,108.00 61,257.00
2015-03-31 204,543.00 64,051.00 66,776.00
2014-12-31 199,099.00 69,347.00 50,786.00
2014-09-30 193,604.00 66,186.00 51,500.00
2014-06-30 189,267.00 70,305.00 53,414.00
2014-03-31 190,803.00 74,814.00 64,614.00
2013-12-31 186,652.00 75,814.00 50,553.00
2013-09-30 177,656.00 78,702.00 57,210.00
2013-06-30 170,813.00 85,634.00 60,178.00
2013-03-31 168,465.00 86,298.00 65,181.00
2012-12-31 162,963.00 87,542.00 57,655.00
2012-09-30 154,898.00 84,543.00 57,706.00
2012-06-30 152,515.00 14,024.00 65,682.00
2012-03-31 153,334.00 13,530.00 63,688.00
  • Glory's level of debt (31.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (40.6% vs 31.9% today).
  • Debt is well covered by operating cash flow (27.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 78.1x coverage).
X
Financial health checks
We assess Glory'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. Glory has a total score of 6/6, 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 Glory'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
2.44%
Current annual income from Glory dividends. Estimated to be 2.42% next year.
If you bought $2,000 of Glory shares you are expected to receive $49 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?
  • Glory's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Glory's dividend is below the markets top 25% of dividend payers in United States of America (3.58%).
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:GLYY.Y 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 3 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2002 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 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:GLYY.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 67.67 3.00
2020-03-31 64.00 3.00
2019-03-31 64.00 2.00
OTCPK:GLYY.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 66.000 2.478
2019-02-06 66.000 2.577
2018-11-12 66.000 2.454
2018-11-06 66.000 2.239
2018-06-28 62.000 2.158
2018-05-10 62.000 1.890
2018-02-13 62.000 1.605
2018-02-07 62.000 1.566
2017-11-13 62.000 1.472
2017-11-07 62.000 1.481
2017-06-26 62.000 1.597
2017-05-11 62.000 1.665
2017-02-06 60.000 1.593
2016-06-27 56.000 1.670
2016-05-12 56.000 1.819
2015-06-29 54.000 1.557
2015-05-12 54.000 1.441
2014-06-30 49.000 1.566
2014-05-12 49.000 1.594
2013-11-06 44.000 1.654
2013-08-29 44.000 1.873
2013-05-10 44.000 1.843
2012-11-05 42.000 2.032
2012-08-03 42.000 2.331
2012-06-25 42.000 2.597
2012-05-10 42.000 2.745
2012-02-13 42.000 2.415
2012-02-03 42.000 2.488
2011-11-11 42.000 2.578
2011-11-04 42.000 2.535
2011-08-03 41.000 2.446
2011-06-27 41.000 2.258
2011-05-12 41.000 2.382
2011-02-14 40.000 2.234
2011-02-04 40.000 2.044
2010-11-11 34.000 1.701
2010-11-05 34.000 1.810
2010-08-05 34.000 1.800
2010-06-28 34.000 1.714
2010-05-14 34.000 1.648
2010-05-11 34.000 1.494
2010-02-12 34.000 1.540
2010-02-09 34.000 1.669
2009-11-12 32.000 1.571
2009-11-10 34.000 1.726
2009-08-07 33.000 1.589
2009-06-29 33.000 1.747
2009-05-13 33.000 1.764
2009-03-05 30.000 1.707

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Glory's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Glory'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 Glory afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Glory has a total score of 4/6, 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 Glory'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
Hirokazu Onoe
TENURE AS CEO 7.9 years
CEO Bio

Mr. Hirokazu Onoe has been the President and Representative Director of Glory Ltd since April 2011. Mr. Onoe served as an Executive Vice President of Glory Ltd. Mr. Onoe served as a Managing Executive Officer of Glory Ltd. He served as Director of Glory Ltd from June 2010 to April 2011.

CEO Compensation
  • Insufficient data for Hirokazu to compare compensation growth.
  • Insufficient data for Hirokazu 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 Glory management team in years:

3.9
Average Tenure
  • The tenure for the Glory management team is about average.
Management Team

Hirokazu Onoe

TITLE
President & Representative Director
TENURE
7.9 yrs

Hideo Onoe

TITLE
Senior Managing Executive Officer
TENURE
3.9 yrs

Hirokazu Sekino

TITLE
Senior Executive Officer
TENURE
3.9 yrs

Shigetoshi Mabuchi

TITLE
Senior Managing Executive Officer
TENURE
1.9 yrs

Motozumi Miwa

TITLE
Executive VP & Representative Director
AGE
64
TENURE
4.9 yrs

Kaname Kotani

TITLE
Senior Managing Executive Officer
TENURE
1.9 yrs

Toshihiko Kayama

TITLE
Executive Officer & Executive GM of Production Headquarters

Katsunori Yamamoto

TITLE
Executive GM of General Affairs Headquarters & Senior Executive Officer
TENURE
1.9 yrs

Masashi Michishita

TITLE
Senior Executive Officer & Executive GM of Management Strategy Headquarters
TENURE
0.9 yrs

Masatomo Toji

TITLE
President of Glory System Create Limited
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Glory board of directors in years:

4.8
Average Tenure
64
Average Age
  • The tenure for the Glory board of directors is about average.
Board of Directors

Hirokazu Onoe

TITLE
President & Representative Director
TENURE
8.8 yrs

Hideo Onoe

TITLE
Senior Managing Executive Officer
TENURE
4.8 yrs

Shigetoshi Mabuchi

TITLE
Senior Managing Executive Officer
TENURE
4.8 yrs

Motozumi Miwa

TITLE
Executive VP & Representative Director
AGE
64
TENURE
6.8 yrs

Kaname Kotani

TITLE
Senior Managing Executive Officer
TENURE
4.8 yrs

Akihiro Harada

TITLE
Executive GM of International Business Company Unit
AGE
55
TENURE
3.8 yrs

Hiroki Sasaki

TITLE
Outside Director
AGE
76
TENURE
10.8 yrs

Joji Iki

TITLE
Outside Director
AGE
67
TENURE
1.8 yrs

Miko Nakajo

TITLE
Outside Audit & Supervisory Board Member
TENURE
7.8 yrs

Masakazu Nagashima

TITLE
Audit & Supervisory Board Member
AGE
63
TENURE
3.8 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 Glory'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. Glory 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

Map
Description

Glory Ltd. develops, manufactures, sells, and maintains money handling machines and systems. It operates through Overseas Market, Financial Market, Retail and Transportation Market, Amusement Market, and Others segments. The company provides coin and banknote recyclers for tellers, banknote sorters, banknote and check deposit modules for ATMs, banknote counters, coin and banknote recyclers for cashiers, sales proceeds deposit machines, coin wrappers, open teller systems, coin recycling modules for ATMs, multi-functional banknote changers, cash monitoring cabinets, security storage systems, key management systems, and banknote recycling modules for horse race ticket vending machines. It also offers sales proceeds deposit machines, multi-functional banknote changers, cash recyclers for gas stations, coin-operated lockers, ticket vending machines, cigarette vending machines, medical payment kiosks, RFID self-checkout systems for cafeterias, and ballot sorters for handwritten ballots; card systems for pachinko parlors, banknote conveyor systems, pachinko prize dispensing machines, pachinko ball counters for individual pachinko machines, membership management systems for pachinko parlors, and pachinko ball/token counters; and face recognition systems. The company was formerly known as Kokuei Machinery Manufacturing Co., Ltd. and changed its name to Glory Ltd. in 1971. Glory Ltd. was founded in 1918 and is headquartered in Himeji, Japan.

Details
Name: Glory Ltd.
GLYY.Y
Exchange: OTCPK
Founded: 1918
¥1,458,827,350
60,390,487
Website: http://www.glory-global.com
Address: Glory Ltd.
1-3-1, Shimoteno,
Himeji,
Hyogo, 670-8567,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6457 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK GLYY.Y ADR Pink Sheets LLC US USD 03. Apr 2009
Number of employees
Current staff
Staff numbers
9,040
Glory employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/04 00:33
End of day share price update: 2018/12/04 00:00
Last estimates confirmation: 2019/02/18
Last earnings filing: 2019/02/13
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.