OTCPK:PKCO.Y

Stock Analysis Report

Executive Summary

PARK24 Co., Ltd. operates and manages parking facilities primarily in Japan.

Snowflake

Fundamentals

Average dividend payer with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

PKCO.Y

1.8%

US Commercial Services

0.5%

US Market


1 Year Return

-15.9%

PKCO.Y

18.7%

US Commercial Services

6.8%

US Market

Return vs Industry: PKCO.Y underperformed the US Commercial Services industry which returned 18.7% over the past year.

Return vs Market: PKCO.Y underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

PKCO.YIndustryMarket
7 Day-1.3%1.8%0.5%
30 Day8.6%2.5%-0.8%
90 Day5.9%2.6%-0.9%
1 Year-15.9%-15.9%23.1%18.7%9.2%6.8%
3 Year-25.4%-25.4%73.5%61.6%45.6%36.2%
5 Year56.7%56.7%104.1%83.6%63.2%45.4%

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?

31.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PKCO.Y ($23.86) is trading above our estimate of fair value ($17.51)

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


Price To Earnings Ratio

PE vs Industry: PKCO.Y is poor value based on its PE Ratio (32x) compared to the Commercial Services industry average (25.5x).

PE vs Market: PKCO.Y is poor value based on its PE Ratio (32x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: PKCO.Y is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: PKCO.Y is overvalued based on its PB Ratio (4.6x) compared to the US Commercial Services industry average (1.8x).


Next Steps

Future Growth

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

15.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PKCO.Y's forecast earnings growth (15.1% per year) is above the savings rate (2.7%).

Earnings vs Market: PKCO.Y's earnings (15.1% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: PKCO.Y's earnings are forecast to grow, but not significantly.

Revenue vs Market: PKCO.Y's revenue (5% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: PKCO.Y's revenue (5% 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 low in 3 years time (18.5%).


Next Steps

Past Performance

How has PARK24 performed over the past 5 years?

6.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PKCO.Y's earnings have grown by 6% per year over the past 5 years.

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

Earnings vs Industry: PKCO.Y had negative earnings growth (-5.6%) over the past year, making it difficult to compare to the Commercial Services industry average (-2.4%).


Return on Equity

High ROE: PKCO.Y's Return on Equity (14.6%) is considered low.


Return on Assets

ROA vs Industry: PKCO.Y's Return on Assets is below or equal to the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: PKCO.Y's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is PARK24's financial position?


Financial Position Analysis

Short Term Liabilities: PKCO.Y's short term assets (¥70.2B) exceeds its short term liabilities (¥69.4B)

Long Term Liabilities: PKCO.Y's short term assets (70.2B) do not cover its long term liabilities (133.7B)


Debt to Equity History and Analysis

Debt Level: PKCO.Y's debt to equity ratio (120.8%) is considered high

Reducing Debt: PKCO.Y's debt to equity ratio has increased from 44.4% to 120.8% over the past 5 years.

Debt Coverage: PKCO.Y's debt is well covered by operating cash flow (45.2%).

Interest Coverage: PKCO.Y's interest payments on its debt are well covered by EBIT (31.4x coverage).


Balance Sheet

Inventory Level: PKCO.Y has a high level of physical assets or inventory.

Debt Coverage by Assets: PKCO.Y's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

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

2.68%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PKCO.Y's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: PKCO.Y's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (3.73%).

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: At its current payout ratio (85.6%), PKCO.Y's 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

What is the CEO of PARK24's salary, the management and board of directors tenure and is there insider trading?


CEO

Koichi Nishikawa 0

0yrs

Tenure

0

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 ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Koichi Nishikawa

    President & Representative Director

    • Tenure: 0yrs
  • Kenichi Sasaki

    Director & COO

    • Tenure: 0yrs
  • Norifumi Kawakami

    Director & Executive Corporate Officer

    • Tenure: 0yrs
  • Keisuke Kawasaki

    Corporate Officer & Director

    • Tenure: 0yrs
  • Shingo Yamanaka

    Compliance Officer

    • Tenure: 0yrs
  • Yoichi Mitsunaka

    Corporate Officer

    • Tenure: 0yrs

Board Members

  • Koichi Nishikawa

    President & Representative Director

    • Tenure: 0yrs
  • Seishi Uenishi

    Director

    • Tenure: 0yrs
  • Kyosuke Kano

    Outside Director

    • Tenure: 0yrs
  • Tsunekazu Takeda

    Outside Director

    • Tenure: 0yrs
  • Kenichi Sasaki

    Director & COO

    • Tenure: 0yrs
  • Norifumi Kawakami

    Director & Executive Corporate Officer

    • Tenure: 0yrs
  • Keisuke Kawasaki

    Corporate Officer & Director

    • Tenure: 0yrs
  • Yoshimitsu Oura (65yo)

    Outside Director

    • Tenure: 3.8yrs

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¥403.689b
  • Listing Market Cap: JP¥3.719b
  • Shares outstanding: 154.43m
  • Website: https://www.park24.co.jp

Number of Employees


Location

  • PARK24 Co., Ltd.
  • 2-7-1 Yurakucho
  • Chiyoda-ku
  • Tokyo
  • 100-8424
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4666TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYMar 1997
PKCO.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDApr 2014

Biography

PARK24 Co., Ltd. operates and manages parking facilities primarily in Japan. It operates through Parking Business in Japan, Parking Business Overseas, and Mobility Business segments. The Parking Business J ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:36
End of Day Share Price2019/10/21 00:00
Earnings2019/07/31
Annual Earnings2018/10/31


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.