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PARK24

OTCPK:PKCO.Y
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PKCO.Y
OTCPK
¥372B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

PARK24 Co., Ltd. operates and manages parking facilities primarily in Japan. The last earnings update was 33 days ago. More info.


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PKCO.Y Share Price and Events
7 Day Returns
1.3%
OTCPK:PKCO.Y
1.4%
US Commercial Services
0.4%
US Market
1 Year Returns
-24.6%
OTCPK:PKCO.Y
10.7%
US Commercial Services
6.8%
US Market
PKCO.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PARK24 (PKCO.Y) 1.3% -7.4% -11.8% -24.6% -28% -
US Commercial Services 1.4% 4.2% 10.3% 10.7% 52.7% 78%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • PKCO.Y underperformed the Commercial Services industry which returned 10.7% over the past year.
  • PKCO.Y underperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
PKCO.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for PARK24's competitors could be found in our database.

PKCO.Y Value

 Is PARK24 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 PARK24 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 PARK24.

OTCPK:PKCO.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 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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:PKCO.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 30.86%) (29.84%))
0.923
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.923 * 5.96%)
8.23%

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

The calculations below outline how an intrinsic value for PARK24 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:PKCO.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.23%)
2019 5,500.00 Analyst x1 5,081.81
2020 12,061.50 Analyst x4 10,297.06
2021 7,787.00 Analyst x2 6,142.40
2022 7,353.60 Est @ -5.57% 5,359.50
2023 7,127.34 Est @ -3.08% 4,799.63
2024 7,032.20 Est @ -1.33% 4,375.49
2025 7,024.08 Est @ -0.12% 4,038.14
2026 7,075.94 Est @ 0.74% 3,758.65
2027 7,170.45 Est @ 1.34% 3,519.25
2028 7,296.23 Est @ 1.75% 3,308.71
Present value of next 10 years cash flows ¥50,680.65
OTCPK:PKCO.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥7,296.23 × (1 + 2.73%) ÷ (8.23% – 2.73%)
¥136,302.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥136,302.75 ÷ (1 + 8.23%)10
¥61,810.81
OTCPK:PKCO.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥50,680.65 + ¥61,810.81
¥112,491.46
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥112,491.46 / 154.76
¥726.87
OTCPK:PKCO.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:PKCO.Y represents 0.00889x of TSE:4666
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00889x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 726.87 x 0.00889
$6.46
Value per share (USD) From above. $6.46
Current discount Discount to share price of $21.39
= -1 x ($21.39 - $6.46) / $6.46
-231%

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

  • The current share price of PARK24 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 PARK24's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PARK24's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PKCO.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in JPY ¥93.59
TSE:4666 Share Price ** TSE (2019-04-16) in JPY ¥2406
United States of America Commercial Services Industry PE Ratio Median Figure of 51 Publicly-Listed Commercial Services Companies 21.14x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

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

** Primary Listing of PARK24.

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

= TSE:4666 Share Price ÷ EPS (both in JPY)

= 2406 ÷ 93.59

25.71x

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

  • PARK24 is overvalued based on earnings compared to the US Commercial Services industry average.
  • PARK24 is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does PARK24's expected growth come at a high price?
Raw Data
OTCPK:PKCO.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
10.9%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.71x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.71x ÷ 10.9%

2.35x

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

  • PARK24 is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PARK24's assets?
Raw Data
OTCPK:PKCO.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in JPY ¥549.87
TSE:4666 Share Price * TSE (2019-04-16) in JPY ¥2406
United States of America Commercial Services Industry PB Ratio Median Figure of 87 Publicly-Listed Commercial Services Companies 2.2x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
OTCPK:PKCO.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4666 Share Price ÷ Book Value per Share (both in JPY)

= 2406 ÷ 549.87

4.38x

* Primary Listing of PARK24.

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

  • PARK24 is overvalued based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess PARK24'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. PARK24 has a total score of 0/6, 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.

PKCO.Y Future Performance

 How is PARK24 expected to perform in the next 1 to 3 years based on estimates from 9 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
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PARK24 expected to grow at an attractive rate?
  • PARK24's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PARK24's earnings growth is positive but not above the United States of America market average.
  • PARK24's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PKCO.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PKCO.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 10.9%
OTCPK:PKCO.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 4.9%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:PKCO.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 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PKCO.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-10-31 365,002 20,848 1
2021-10-31 352,678 57,652 17,547 7
2020-10-31 334,595 54,356 16,498 9
2019-10-31 319,061 47,585 13,937 8
OTCPK:PKCO.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-01-31 305,032 51,386 14,295
2018-10-31 298,517 53,476 13,851
2018-07-31 281,097 46,039 13,409
2018-04-30 268,049 47,205 13,202
2018-01-31 255,099 43,147 13,801
2017-10-31 232,957 38,291 13,440
2017-07-31 220,208 41,072 13,285
2017-04-30 208,185 38,572 13,557
2017-01-31 198,013 39,902 13,636
2016-10-31 194,398 39,628 13,964
2016-07-31 190,372 38,816 13,541
2016-04-30 186,764 37,770 12,653

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PARK24's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • PARK24's revenue is expected to grow by 4.9% 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:PKCO.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 9 Analyst Estimates (S&P Global) See Below

All data from PARK24 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PKCO.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-10-31 134.80 134.80 134.80 1.00
2021-10-31 111.37 134.00 95.60 7.00
2020-10-31 106.25 142.90 88.50 9.00
2019-10-31 89.61 122.50 80.60 8.00
OTCPK:PKCO.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2019-01-31 93.59
2018-10-31 91.88
2018-07-31 90.12
2018-04-30 89.92
2018-01-31 94.09
2017-10-31 91.67
2017-07-31 90.72
2017-04-30 92.69
2017-01-31 93.35
2016-10-31 95.75
2016-07-31 92.93
2016-04-30 86.91

*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.
  • PARK24 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PARK24'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.
PARK24 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.

PKCO.Y Past Performance

  How has PARK24 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 PARK24's growth in the last year to its industry (Commercial Services).
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.
  • PARK24's year on year earnings growth rate has been positive over the past 5 years.
  • PARK24's 1-year earnings growth is less than its 5-year average (3.6% vs 6.1%)
  • PARK24's earnings growth has exceeded the US Commercial Services industry average in the past year (3.6% vs -0.4%).
Earnings and Revenue History
PARK24'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 PARK24 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PKCO.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 305,032.00 14,295.00 46,560.00
2018-10-31 298,517.00 13,851.00 45,128.00
2018-07-31 281,097.00 13,409.00 47,092.00
2018-04-30 268,049.00 13,202.00 44,980.00
2018-01-31 255,099.00 13,801.00 42,670.00
2017-10-31 232,957.00 13,440.00 37,709.00
2017-07-31 220,208.00 13,285.00 36,299.00
2017-04-30 208,185.00 13,557.00 33,675.00
2017-01-31 198,013.00 13,636.00 32,027.00
2016-10-31 194,398.00 13,964.00 30,506.00
2016-07-31 190,372.00 13,541.00 29,182.00
2016-04-30 186,764.00 12,653.00 28,487.00
2016-01-31 183,165.00 12,157.00 27,472.00
2015-10-31 179,698.00 11,549.00 26,943.00
2015-07-31 175,823.00 10,495.00 26,535.00
2015-04-30 172,688.00 9,972.00 26,093.00
2015-01-31 169,309.00 9,760.00 25,526.00
2014-10-31 167,022.00 10,388.00 25,389.00
2014-07-31 164,712.00 11,190.00 24,595.00
2014-04-30 162,465.00 11,751.00 24,128.00
2014-01-31 159,778.00 11,657.00 23,814.00
2013-10-31 155,428.00 11,261.00 23,056.00
2013-07-31 150,817.00 10,714.00 22,661.00
2013-04-30 146,221.00 10,229.00 21,835.00
2013-01-31 143,085.00 10,302.00 21,217.00
2012-10-31 139,547.00 9,670.00 20,620.00
2012-07-31 136,440.00 9,523.00 20,579.00
2012-04-30 133,542.00 8,977.00 20,122.00

*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.
  • PARK24 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PARK24 used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • PARK24's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PARK24'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 Commercial Services 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.
PARK24 has a total score of 2/6, 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.

PKCO.Y Health

 How is PARK24'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 PARK24's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PARK24 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PARK24's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PARK24'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 not covered by short term assets, assets are 0.6x 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 PARK24 Company Filings, last reported 2 months ago.

OTCPK:PKCO.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 85,186.00 111,100.00 21,390.00
2018-10-31 94,847.00 130,346.00 30,081.00
2018-07-31 90,297.00 105,824.00 27,658.00
2018-04-30 93,158.00 106,953.00 38,967.00
2018-01-31 73,216.00 114,204.00 20,880.00
2017-10-31 78,805.00 121,638.00 18,152.00
2017-07-31 73,384.00 93,835.00 47,082.00
2017-04-30 69,425.00 59,599.00 18,192.00
2017-01-31 67,198.00 61,631.00 19,062.00
2016-10-31 73,271.00 48,939.00 19,477.00
2016-07-31 68,138.00 39,737.00 16,212.00
2016-04-30 64,414.00 38,487.00 15,860.00
2016-01-31 61,628.00 41,706.00 15,540.00
2015-10-31 65,882.00 54,349.00 20,079.00
2015-07-31 62,100.00 41,999.00 16,987.00
2015-04-30 59,209.00 34,537.00 11,807.00
2015-01-31 56,684.00 38,864.00 14,894.00
2014-10-31 60,190.00 50,054.00 15,709.00
2014-07-31 57,572.00 36,502.00 13,983.00
2014-04-30 55,205.00 33,855.00 12,223.00
2014-01-31 52,966.00 38,485.00 14,058.00
2013-10-31 54,968.00 49,107.00 15,326.00
2013-07-31 51,248.00 38,543.00 14,199.00
2013-04-30 48,317.00 44,235.00 20,005.00
2013-01-31 46,089.00 36,923.00 10,039.00
2012-10-31 47,893.00 45,697.00 12,044.00
2012-07-31 44,732.00 33,143.00 10,720.00
2012-04-30 42,402.00 36,514.00 12,231.00
  • PARK24's level of debt (130.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (72.5% vs 130.4% today).
  • Debt is well covered by operating cash flow (46.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.6x coverage).
X
Financial health checks
We assess PARK24'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. PARK24 has a total score of 3/6, 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.

PKCO.Y Dividends

 What is PARK24'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
2.91%
Current annual income from PARK24 dividends. Estimated to be 3% next year.
If you bought $2,000 of PARK24 shares you are expected to receive $58 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?
  • PARK24's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • PARK24's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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:PKCO.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 9 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
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:PKCO.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-10-31 80.00 1.00
2021-10-31 70.86 7.00
2020-10-31 73.89 9.00
2019-10-31 70.00 7.00
OTCPK:PKCO.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-01-25 70.000 2.759
2018-12-17 70.000 2.703
2018-10-11 70.000 2.314
2018-01-26 70.000 2.339
2017-12-14 70.000 2.535
2017-01-27 70.000 2.465
2016-12-15 70.000 2.259
2016-01-28 60.000 1.883
2015-12-17 60.000 2.082
2015-01-29 50.000 2.168
2014-12-15 50.000 2.714
2014-01-30 40.000 2.160
2013-12-16 40.000 1.944
2013-01-30 35.000 1.940
2012-12-13 35.000 2.400
2012-08-30 30.000 2.265
2012-05-31 30.000 2.565
2012-02-29 30.000 2.774
2012-01-27 30.000 3.028
2011-12-15 30.000 3.021
2011-08-31 30.000 3.219
2011-06-06 30.000 3.527
2011-02-28 30.000 3.616
2011-01-27 30.000 3.307
2010-12-15 30.000 3.452
2010-01-28 30.000 3.310
2009-12-15 30.000 3.047
2009-04-20 30.000 3.357

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 PARK24's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x 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 PARK24'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 PARK24 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PARK24 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.

PKCO.Y Management

 What is the CEO of PARK24'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
Koichi Nishikawa
CEO Bio

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 Denko Corp. He served as its Chief Executive Officer. Mr. Nishikawa served as the President of Times24 Co., Ltd. Mr. Nishikawa served as a Corporate Vice President of Nitto Denko Corp. He served as an Executive Managing Director of Park24 Co., Ltd. He serves as Representative Director of Park24 Co., Ltd. He served as a Director of Nitto Denko Corp.

CEO Compensation
  • Insufficient data for Koichi to compare compensation growth.
  • Insufficient data for Koichi to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Koichi Nishikawa

TITLE
President & Representative Director

Kenichi Sasaki

TITLE
Corporate Officer

Norifumi Kawakami

TITLE
Corporate Officer

Keisuke Kawasaki

TITLE
Corporate Officer & Director
Board of Directors

Koichi Nishikawa

TITLE
President & Representative Director

Kenichi Sasaki

TITLE
Corporate Officer

Norifumi Kawakami

TITLE
Corporate Officer

Keisuke Kawasaki

TITLE
Corporate Officer & Director

Kyosuke Kano

TITLE
Outside Director

Tsunekazu Takeda

TITLE
Outside Director

Seishi Uenishi

TITLE
Director

Yoshimitsu Oura

TITLE
Outside Director
AGE
64
TENURE
3.3 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 PARK24'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. PARK24 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.

PKCO.Y News

Simply Wall St News

PKCO.Y Company Info

Description

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 Japan segment provides pay-by-the-hour and pay-by-the-month parking facilities services under sublease agreements for renting idle land lots from landowners and administration trustee agreements for managing parking facilities on behalf of their owners, as well as by using parking facilities owned by the company; and manages and operates incidental facilities of parking facilities. The Parking Business Overseas segment offers pay-by-the-hour and pay-by-the-month parking facilities services under sublease agreements and trustee agreements for managing parking facilities in a seven countries comprising Taiwan, South Korea, Australia, New Zealand, the United Kingdom, Singapore, and Malaysia. The Mobility Business segment provides rent-a-car service at its rent-a-car premises; and operates car-sharing service; and provides road assistance service for handling car accidents and trouble. The company was founded in 1971 and is headquartered in Tokyo, Japan.

Details
Name: PARK24 Co., Ltd.
PKCO.Y
Exchange: OTCPK
Founded: 1971
¥3,325,513,292
154,762,146
Website: http://www.park24.co.jp
Address: PARK24 Co., Ltd.
2-7-1 Yurakucho,
Chiyoda-ku,
Tokyo,
100-8424,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4666 Common Shares The Tokyo Stock Exchange JP JPY 24. Mar 1997
OTCPK PKCO.Y SPONSORED ADR Pink Sheets LLC US USD 23. Apr 2014
Number of employees
Current staff
Staff numbers
4,899
PARK24 employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 00:52
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/03/15
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/10/31


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.