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Hino Motors

OTCPK:HINO.F
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HINO.F
OTCPK
¥508B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Hino Motors, Ltd. manufactures and sells large commercial vehicles under the Hino brand worldwide. The last earnings update was 27 days ago. More info.


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HINO.F Share Price and Events
7 Day Returns
-5%
OTCPK:HINO.F
-1.1%
US Machinery
1.6%
US Market
1 Year Returns
-31.6%
OTCPK:HINO.F
-6.9%
US Machinery
2.6%
US Market
HINO.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hino Motors (HINO.F) -5% -13.9% -19% -31.6% -17.3% -35.9%
US Machinery -1.1% -8.4% -2% -6.9% 44.3% 22%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • HINO.F underperformed the Machinery industry which returned -6.9% over the past year.
  • HINO.F underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
HINO.F
Industry
5yr Volatility vs Market

HINO.F Value

 Is Hino Motors 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 Hino Motors 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 Hino Motors.

OTCPK:HINO.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 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
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:HINO.F
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 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.049 (1 + (1- 30.86%) (47.77%))
1.265
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.265 * 5.96%)
10.27%

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

The calculations below outline how an intrinsic value for Hino Motors 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:HINO.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.27%)
2019 19,969.00 Analyst x6 18,109.13
2020 45,141.80 Analyst x5 37,124.56
2021 43,361.17 Analyst x6 32,338.85
2022 40,000.00 Analyst x1 27,053.58
2023 45,000.00 Analyst x1 27,600.60
2024 45,093.38 Est @ 0.21% 25,081.88
2025 45,528.20 Est @ 0.96% 22,965.13
2026 46,208.38 Est @ 1.49% 21,137.34
2027 47,070.07 Est @ 1.86% 19,526.11
2028 48,070.01 Est @ 2.12% 18,083.65
Present value of next 10 years cash flows ¥249,020.82
OTCPK:HINO.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥48,070.01 × (1 + 2.73%) ÷ (10.27% – 2.73%)
¥654,906.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥654,906.45 ÷ (1 + 10.27%)10
¥246,371.95
OTCPK:HINO.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥249,020.82 + ¥246,371.95
¥495,392.77
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥495,392.77 / 573.98
¥863.08
OTCPK:HINO.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HINO.F represents 0.00902x of TSE:7205
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00902x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 863.08 x 0.00902
$7.78
Value per share (USD) From above. $7.78
Current discount Discount to share price of $7.98
= -1 x ($7.98 - $7.78) / $7.78
-2.5%

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

  • The current share price of Hino Motors 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 Hino Motors's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hino Motors's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HINO.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥95.66
TSE:7205 Share Price ** TSE (2019-05-21) in JPY ¥885
United States of America Machinery Industry PE Ratio Median Figure of 100 Publicly-Listed Machinery Companies 20.51x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

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

** Primary Listing of Hino Motors.

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

= TSE:7205 Share Price ÷ EPS (both in JPY)

= 885 ÷ 95.66

9.25x

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

  • Hino Motors is good value based on earnings compared to the US Machinery industry average.
  • Hino Motors is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hino Motors's expected growth come at a high price?
Raw Data
OTCPK:HINO.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
8.7%per year
United States of America Machinery Industry PEG Ratio Median Figure of 82 Publicly-Listed Machinery Companies 1.43x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

OTCPK:HINO.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.25x ÷ 8.7%

1.06x

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

  • Hino Motors is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hino Motors's assets?
Raw Data
OTCPK:HINO.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥945.41
TSE:7205 Share Price * TSE (2019-05-21) in JPY ¥885
United States of America Machinery Industry PB Ratio Median Figure of 128 Publicly-Listed Machinery Companies 2.32x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
OTCPK:HINO.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7205 Share Price ÷ Book Value per Share (both in JPY)

= 885 ÷ 945.41

0.94x

* Primary Listing of Hino Motors.

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

  • Hino Motors is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Hino Motors'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. Hino Motors 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.

HINO.F Future Performance

 How is Hino Motors expected to perform in the next 1 to 3 years based on estimates from 14 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
8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hino Motors expected to grow at an attractive rate?
  • Hino Motors's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hino Motors's earnings growth is positive but not above the United States of America market average.
  • Hino Motors's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:HINO.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HINO.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 8.7%
OTCPK:HINO.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 1.8%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
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:HINO.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 14 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HINO.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 2,110,000 125,000 67,000 1
2022-03-31 2,075,500 93,200 69,625 4
2021-03-31 2,058,630 122,842 69,484 14
2020-03-31 1,990,063 114,473 58,082 12
OTCPK:HINO.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,981,331 48,653 54,908
2018-12-31 1,969,624 49,996
2018-09-30 1,945,852 70,655 52,478
2018-06-30 1,911,885 51,820
2018-03-31 1,837,982 86,473 51,361
2017-12-31 1,801,122 53,452
2017-09-30 1,734,585 73,009 49,812
2017-06-30 1,695,522 52,071
2017-03-31 1,683,720 75,758 49,408
2016-12-31 1,650,091 44,490
2016-09-30 1,686,354 98,123 50,519
2016-06-30 1,720,054 57,162

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hino Motors's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • Hino Motors'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:HINO.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 14 Analyst Estimates (S&P Global) See Below

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

OTCPK:HINO.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 116.70 116.70 116.70 1.00
2022-03-31 121.24 131.10 111.50 5.00
2021-03-31 120.46 155.80 105.29 15.00
2020-03-31 100.51 107.50 91.64 10.00
OTCPK:HINO.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 95.66
2018-12-31 87.11
2018-09-30 91.45
2018-06-30 90.31
2018-03-31 89.52
2017-12-31 93.17
2017-09-30 86.84
2017-06-30 90.78
2017-03-31 86.15
2016-12-31 77.58
2016-09-30 88.11
2016-06-30 99.71

*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.
  • Hino Motors is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hino Motors'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.
Hino Motors 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.

HINO.F Past Performance

  How has Hino Motors 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 Hino Motors'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.
  • Hino Motors's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hino Motors's 1-year earnings growth exceeds its 5-year average (6.9% vs -12.9%)
  • Hino Motors's earnings growth has not exceeded the US Machinery industry average in the past year (6.9% vs 28.5%).
Earnings and Revenue History
Hino Motors'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 Hino Motors Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HINO.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 1,981,331.00 54,908.00 177,569.00
2018-12-31 1,969,624.00 49,996.00 181,761.00
2018-09-30 1,945,852.00 52,478.00 179,250.00
2018-06-30 1,911,885.00 51,820.00 176,697.00
2018-03-31 1,837,982.00 51,361.00 174,984.00
2017-12-31 1,801,122.00 53,452.00 176,962.00
2017-09-30 1,734,585.00 49,812.00 175,702.00
2017-06-30 1,695,522.00 52,071.00 171,455.00
2017-03-31 1,683,720.00 49,408.00 167,173.00
2016-12-31 1,650,091.00 44,490.00 166,853.00
2016-09-30 1,686,354.00 50,519.00 164,056.00
2016-06-30 1,720,054.00 57,162.00 170,175.00
2016-03-31 1,745,540.00 65,130.00 168,016.00
2015-12-31 1,771,895.00 77,149.00 167,536.00
2015-09-30 1,752,029.00 78,991.00 165,948.00
2015-06-30 1,727,095.00 77,830.00 164,438.00
2015-03-31 1,685,298.00 74,500.00 157,810.00
2014-12-31 1,666,886.00 83,001.00 157,962.00
2014-09-30 1,655,770.00 82,272.00 154,136.00
2014-06-30 1,650,928.00 80,610.00 151,740.00
2014-03-31 1,699,573.00 89,127.00 150,992.00
2013-12-31 1,689,667.00 77,023.00 151,518.00
2013-09-30 1,631,314.00 68,709.00 149,414.00
2013-06-30 1,583,147.00 60,504.00 139,239.00
2013-03-31 1,541,357.00 47,685.00 137,039.00
2012-12-31 1,531,048.00 41,465.00 140,785.00
2012-09-30 1,484,333.00 34,257.00 134,339.00
2012-06-30 1,454,067.00 31,184.00 132,305.00

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

HINO.F Health

 How is Hino Motors'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 Hino Motors's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hino Motors is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hino Motors's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hino Motors'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 3x 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 Hino Motors Company Filings, last reported 1 month ago.

OTCPK:HINO.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 596,457.00 242,682.00 41,493.00
2018-12-31 569,583.00 220,664.00 42,607.00
2018-09-30 572,543.00 199,263.00 40,583.00
2018-06-30 556,105.00 176,956.00 40,016.00
2018-03-31 552,847.00 201,963.00 45,225.00
2017-12-31 552,086.00 188,838.00 47,464.00
2017-09-30 533,863.00 184,983.00 37,004.00
2017-06-30 518,234.00 158,264.00 29,488.00
2017-03-31 512,912.00 195,193.00 32,145.00
2016-12-31 495,763.00 190,651.00 34,765.00
2016-09-30 470,136.00 151,427.00 27,823.00
2016-06-30 456,912.00 123,903.00 28,962.00
2016-03-31 473,890.00 159,135.00 34,672.00
2015-12-31 492,226.00 167,146.00 38,529.00
2015-09-30 478,337.00 134,441.00 32,340.00
2015-06-30 472,564.00 152,875.00 37,589.00
2015-03-31 465,369.00 168,244.00 36,104.00
2014-12-31 434,480.00 182,638.00 36,904.00
2014-09-30 407,480.00 141,675.00 28,064.00
2014-06-30 381,828.00 134,394.00 38,891.00
2014-03-31 379,588.00 160,684.00 44,738.00
2013-12-31 353,840.00 158,719.00 38,960.00
2013-09-30 335,579.00 132,744.00 24,850.00
2013-06-30 320,040.00 142,772.00 21,897.00
2013-03-31 298,930.00 185,264.00 27,143.00
2012-12-31 262,354.00 183,622.00 26,769.00
2012-09-30 243,314.00 167,372.00 25,414.00
2012-06-30 236,126.00 166,682.00 22,304.00
  • Hino Motors's level of debt (40.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (42.3% vs 40.7% today).
  • Debt is well covered by operating cash flow (20%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 40.2x coverage).
X
Financial health checks
We assess Hino Motors'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. Hino Motors has a total score of 5/6, 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.

HINO.F Dividends

 What is Hino Motors'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
3.39%
Current annual income from Hino Motors dividends. Estimated to be 3.91% next year.
If you bought $2,000 of Hino Motors shares you are expected to receive $68 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?
  • Hino Motors's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Hino Motors's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
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:HINO.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 14 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 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 1.5%
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:HINO.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 35.00 1.00
2022-03-31 36.20 5.00
2021-03-31 36.50 14.00
2020-03-31 30.38 8.00
OTCPK:HINO.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-25 30.000 3.165
2019-01-31 28.000 2.810
2018-11-02 28.000 2.566
2018-10-30 28.000 2.555
2018-07-27 28.000 2.383
2018-04-26 28.000 2.272
2017-06-27 26.000 1.907
2017-04-27 26.000 1.993
2017-02-03 22.000 1.657
2017-01-31 22.000 1.763
2016-11-07 22.000 1.845
2016-10-27 22.000 1.939
2016-06-24 38.000 3.540
2016-04-27 38.000 3.537
2015-06-22 40.000 3.015
2015-04-28 40.000 2.452
2014-06-20 38.000 2.422
2014-04-25 38.000 2.916
2014-02-04 36.000 2.437
2014-01-30 36.000 2.424
2013-11-01 36.000 2.371
2013-10-29 36.000 2.624
2013-06-21 30.000 2.077
2013-04-25 30.000 2.029
2013-02-04 16.000 1.499
2013-01-30 16.000 1.675
2012-10-31 16.000 2.211
2012-10-25 16.000 2.651
2012-07-25 10.000 1.819
2012-06-22 10.000 1.784
2012-04-26 10.000 1.869
2012-02-10 6.000 1.060
2012-01-31 6.000 1.165
2011-11-10 6.000 1.277
2011-10-28 6.000 1.299
2011-06-24 6.000 1.349
2011-05-10 6.000 1.383
2011-02-09 4.000 0.976
2010-11-11 6.000 1.384
2010-10-28 6.000 1.642
2010-08-04 6.000 1.548
2010-07-28 6.000 1.539
2010-06-25 6.000 1.425
2010-04-27 6.000 1.280
2010-02-10 0.000 0.000
2010-01-27 0.000 0.000
2009-11-11 0.000 0.000
2009-10-28 0.000 0.000
2009-08-06 0.000 0.000
2009-07-28 0.000 0.000
2009-06-24 0.000 0.000

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

  • Hino Motors has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Hino Motors only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Hino Motors's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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 Hino Motors'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 Hino Motors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hino Motors 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.

HINO.F Management

 What is the CEO of Hino Motors'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
Yoshio Shimo
AGE 59
TENURE AS CEO 1.9 years
CEO Bio

Mr. Yoshio Shimo has been President and Chief Executive Officer of Hino Motors, Ltd. since June 27, 2017. Mr. Shimo has been Chief Officer of Strategic Top Executive Meeting Office, Chief Officer of Frontier Research Center, Chief Officer of Corporate Strategy Division at Toyota Motor Corporation since April 18, 2016. Mr. Shimo has been a Managing Officer of Toyota Motor Corporation since April 1, 2016. Mr. Shimo served as Senior managing officer of Hino Motors, Ltd. until April 18, 2016. He has been a Director of Hino Motors, Ltd. since June 27, 2017. He holds Bachelor's Degree in Mechanical Engineering from Waseda University in 1981 and Master's degree in policy studies from Chuo University in 2005.

CEO Compensation
  • Insufficient data for Yoshio to compare compensation growth.
  • Insufficient data for Yoshio 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 Hino Motors management team in years:

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

Yoshio Shimo

TITLE
President
AGE
59
TENURE
1.9 yrs

Yoshinori Noguchi

TITLE
Executive Vice President
TENURE
1.2 yrs

Toshiya Suzuki

TITLE
Senior Managing Director
AGE
61
TENURE
5.9 yrs

Ryoichi Shimizu

TITLE
Senior Executive Officer

Takehiko Nakano

TITLE
Senior Executive Officer

Noboru Kaikawa

TITLE
Senior Executive Officer

Tadashi Yoda

TITLE
Executive Officer

Kazuhiko Watanabe

TITLE
Executive Officer

Makoto Shimonari

TITLE
Executive Officer

Kazuharu Tanaka

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Hino Motors board of directors in years:

2.9
Average Tenure
63
Average Age
  • The average tenure for the Hino Motors board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yasuhiko Ichihashi

TITLE
Chairman of the Board
COMPENSATION
¥106M
AGE
66
TENURE
1.9 yrs

Yoshio Shimo

TITLE
President
AGE
59
TENURE
1.9 yrs

Shin Endo

TITLE
Director
AGE
64
TENURE
3.9 yrs

Toshitaka Hagiwara

TITLE
External Director
AGE
78
TENURE
3.9 yrs

Motokazu Yoshida

TITLE
External Director
AGE
70
TENURE
3.9 yrs

Satoru Mori

TITLE
Director
AGE
62
TENURE
2.9 yrs

Taketo Nakane

TITLE
Director
AGE
60
TENURE
2.9 yrs

Shigeki Terashi

TITLE
Director
AGE
63
TENURE
2.9 yrs

Hirofumi Muta

TITLE
Director
AGE
62
TENURE
1.9 yrs

Shinichi Sato

TITLE
Director
TENURE
0.9 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 Hino Motors'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. Hino Motors 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.

HINO.F News

Simply Wall St News

HINO.F Company Info

Description

Hino Motors, Ltd. manufactures and sells large commercial vehicles under the Hino brand worldwide. It offers trucks and buses; and light commercial vehicles and passenger cars, as well as various types of engines, replenishment parts, etc. The company was founded in 1910 and is headquartered in Hino, Japan. Hino Motors, Ltd. is a subsidiary of Toyota Motor Corporation.

Details
Name: Hino Motors, Ltd.
HINO.F
Exchange: OTCPK
Founded: 1910
¥4,591,004,652
573,979,333
Website: http://www.hino.co.jp
Address: Hino Motors, Ltd.
3-1-1 Hinodai,
Hino,
Tokyo, 191-8660,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7205 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK HINO.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB HMO Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK HINO.Y ADR Pink Sheets LLC US USD 19. Nov 1992
Number of employees
Current staff
Staff numbers
32,719
Hino Motors employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 05:48
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/04/25
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.