OTCPK:PKCO.Y

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

PARK24 Co., Ltd. operates and manages parking facilities in Japan and Internationally. More Details


Snowflake Analysis

Reasonable growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has PARK24's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.1%

PKCO.Y

1.8%

US Commercial Services

1.8%

US Market


1 Year Return

-21.4%

PKCO.Y

8.3%

US Commercial Services

14.2%

US Market

Return vs Industry: PKCO.Y underperformed the US Commercial Services industry which returned 8.3% over the past year.

Return vs Market: PKCO.Y underperformed the US Market which returned 14.2% over the past year.


Shareholder returns

PKCO.YIndustryMarket
7 Day-2.1%1.8%1.8%
30 Day9.8%1.0%0.04%
90 Day3.2%16.1%9.8%
1 Year-21.4%-21.4%10.0%8.3%16.7%14.2%
3 Year-27.7%-27.7%49.8%40.2%41.6%32.2%
5 Year-13.0%-13.0%110.1%88.9%90.9%69.5%

Price Volatility Vs. Market

How volatile is PARK24's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is PARK24 undervalued compared to its fair value and its price relative to the market?

4.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PKCO.Y ($17.27) is trading above our estimate of fair value ($10.72)

Significantly Below Fair Value: PKCO.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PKCO.Y is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.

PE vs Market: PKCO.Y is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PKCO.Y is overvalued based on its PB Ratio (4.3x) compared to the US Commercial Services industry average (1.6x).


Next Steps

Future Growth

How is PARK24 forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

78.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PKCO.Y is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: PKCO.Y is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PKCO.Y's is expected to become profitable in the next 3 years.

Revenue vs Market: PKCO.Y's revenue (6% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: PKCO.Y's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PKCO.Y's Return on Equity is forecast to be high in 3 years time (21.3%)


Next Steps

Past Performance

How has PARK24 performed over the past 5 years?

-10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PKCO.Y is currently unprofitable.

Growing Profit Margin: PKCO.Y is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PKCO.Y is unprofitable, and losses have increased over the past 5 years at a rate of 10.9% per year.

Accelerating Growth: Unable to compare PKCO.Y's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PKCO.Y is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-8%).


Return on Equity

High ROE: PKCO.Y has a negative Return on Equity (-12.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is PARK24's financial position?


Financial Position Analysis

Short Term Liabilities: PKCO.Y's short term assets (¥93.8B) exceed its short term liabilities (¥84.7B).

Long Term Liabilities: PKCO.Y's short term assets (¥93.8B) do not cover its long term liabilities (¥177.7B).


Debt to Equity History and Analysis

Debt Level: PKCO.Y's debt to equity ratio (248.4%) is considered high.

Reducing Debt: PKCO.Y's debt to equity ratio has increased from 49.2% to 248.4% over the past 5 years.

Debt Coverage: PKCO.Y's debt is well covered by operating cash flow (23.4%).

Interest Coverage: Insufficient data to determine if PKCO.Y's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is PARK24 current dividend yield, its reliability and sustainability?

3.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PKCO.Y's dividend (3.87%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: PKCO.Y's dividend (3.87%) is low compared to the top 25% of dividend payers in the US market (4.65%).


Stability and Growth of Payments

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

Growing Dividend: PKCO.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: PKCO.Y is paying a dividend but the company is unprofitable.


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?

0.7yrs

Average board tenure


CEO

Koichi Nishikawa (56 yo)

no data

Tenure

Mr. Koichi Nishikawa serves as the President of Park24 Co., Ltd. Mr. Nishikawa served as Senior Corporate Vice President of Nitto Denko America, Inc. and as an Executive Corporate Vice President of Nitto D ...


Board Members

NamePositionTenureCompensationOwnership
Koichi Nishikawa
President & Representative Directorno datano data5.25%
¥ 140.0m
Kenichi Sasaki
COO, Director of Corporate Planning Division & Directorno datano data0.11%
¥ 2.8m
Keisuke Kawasaki
Corporate Officer of Corporate Administration & Directorno datano data0.032%
¥ 846.0k
Shingo Yamanaka
Corporate Officer of Compliance & Director0.67yrno data0.0065%
¥ 172.6k
Norifumi Kawakami
Director & Managing Corporate Officer of ICT/Business Developmentno datano data0.085%
¥ 2.3m
Akifumi Sasakawa
GM of Operation Control Division & Director0.67yrno data0.0078%
¥ 207.2k
Tsunekazu Takeda
Independent Outside Directorno datano data0.0071%
¥ 189.9k
Yoshimitsu Oura
Independent Outside Director4.67yrsno datano data
Takashi Nagasaka
Independent Outside Director0.67yrno datano data
Miho Niunoya
Independent Outside Director0.67yrno datano data

0.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: PKCO.Y's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


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

PARK24 Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PARK24 Co., Ltd.
  • Ticker: PKCO.Y
  • Exchange: OTCPK
  • Founded: 1971
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: JP¥279.469b
  • Listing Market Cap: JP¥2.667b
  • Shares outstanding: 154.49m
  • Website: https://www.park24.co.jp

Number of Employees


Location

  • PARK24 Co., Ltd.
  • 2-20-4 Nishigotanda
  • Shinagawa-ku
  • Tokyo
  • 141-8924
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PKCO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1997
4666TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYMar 1997
5FJDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1997
PKCO.YOTCPK (Pink Sheets LLC)SPON ADR EACH REPR 1 ORD SHS NPVUSUSDApr 2014
3WNDB (Deutsche Boerse AG)SPON ADR EACH REPR 1 ORD SHS NPVDEEURApr 2014

Biography

PARK24 Co., Ltd. operates and manages parking facilities in Japan and Internationally. The company operates through Parking Business in Japan, Parking Business Overseas, and Mobility Business segments. Its ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 06:06
End of Day Share Price2020/09/17 00:00
Earnings2020/07/31
Annual Earnings2019/10/31


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.