Loading...

Alpine Electronics

OTCPK:AELE.F
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AELE.F
OTCPK
¥96B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Alpine Electronics, Inc. develops, manufactures, and sells audio products for automobiles and information and communication products in Japan, Asia, North America, China, and Europe. The last earnings update was 57 days ago. More info.


Add to Portfolio Compare Print
AELE.F Share Price and Events
7 Day Returns
0%
OTCPK:AELE.F
2.6%
US Consumer Durables
3%
US Market
1 Year Returns
-
OTCPK:AELE.F
-31.7%
US Consumer Durables
-8.4%
US Market
AELE.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alpine Electronics (AELE.F) 0% 0% -15.5% - 11.4% 20.1%
US Consumer Durables 2.6% -10% -17.3% -31.7% -7.9% 5.4%
US Market 3% -9.7% -15.7% -8.4% 20% 28.6%
1 Year Return vs Industry and Market
  • No trading data on AELE.F.
  • No trading data on AELE.F.
Price Volatility
AELE.F
Industry
5yr Volatility vs Market

Value

 Is Alpine Electronics 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 Alpine Electronics 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 Alpine Electronics.

OTCPK:AELE.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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:AELE.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.862 (1 + (1- 30.86%) (0%))
0.862
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.862 * 7.05%)
9.03%

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

The calculations below outline how an intrinsic value for Alpine Electronics is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:AELE.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (JPY, Millions) 11,792.82 11,655.26 11,519.30 11,384.94 11,252.14
Source Est @ -1.17% Est @ -1.17% Est @ -1.17% Est @ -1.17% Est @ -1.17%
Present Value
Discounted (@ 9.03%)
10,816.40 9,805.11 8,888.37 8,057.35 7,304.02
Present value of next 5 years cash flows ¥44,871.25
OTCPK:AELE.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ¥11,252.14 × (1 + 2.95%) ÷ (9.03% – 2.95%)
¥190,616.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ¥190,616.90 ÷ (1 + 9.03%)5
¥123,733.73
OTCPK:AELE.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ¥44,871.25 + ¥123,733.73
¥168,604.98
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥168,604.98 / 68.97
¥29.24
OTCPK:AELE.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:AELE.F represents 0.01196x of TSE:6816
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01196x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,444.63 x 0.01196
$29.24
Value per share (USD) From above. $29.24
Current discount Discount to share price of $16.58
= -1 x ($16.58 - $29.24) / $29.24
43.3%

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

Current Discount
Amount off the current price Alpine Electronics is available for.
Intrinsic value
43%
Share price is $16.58 vs Future cash flow value of $29.24
Current Discount Checks
For Alpine Electronics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alpine Electronics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alpine Electronics's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Alpine Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alpine Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AELE.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in JPY ¥172.54
TSE:6816 Share Price ** TSE (2018-10-30) in JPY ¥1386
United States of America Consumer Durables Industry PE Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 10.74x
United States of America Market PE Ratio Median Figure of 3,016 Publicly-Listed Companies 15.99x

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

** Primary Listing of Alpine Electronics.

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

= TSE:6816 Share Price ÷ EPS (both in JPY)

= 1386 ÷ 172.54

8.03x

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

  • Alpine Electronics is good value based on earnings compared to the US Consumer Durables industry average.
  • Alpine Electronics is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Alpine Electronics's expected growth come at a high price?
Raw Data
OTCPK:AELE.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15.9%per year
United States of America Consumer Durables Industry PEG Ratio Median Figure of 34 Publicly-Listed Consumer Durables Companies 0.87x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Alpine Electronics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alpine Electronics's assets?
Raw Data
OTCPK:AELE.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in JPY ¥2,288.31
TSE:6816 Share Price * TSE (2018-10-30) in JPY ¥1386
United States of America Consumer Durables Industry PB Ratio Median Figure of 69 Publicly-Listed Consumer Durables Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.62x
OTCPK:AELE.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6816 Share Price ÷ Book Value per Share (both in JPY)

= 1386 ÷ 2,288.31

0.61x

* Primary Listing of Alpine Electronics.

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

  • Alpine Electronics is good value based on assets compared to the US Consumer Durables industry average.
X
Value checks
We assess Alpine Electronics'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Alpine Electronics has a total score of 5/6, 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 Alpine Electronics expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Alpine Electronics, future earnings growth has been estimated based on fundamentals.
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
15.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alpine Electronics expected to grow at an attractive rate?
  • Alpine Electronics's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Alpine Electronics's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Alpine Electronics's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:AELE.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:AELE.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15.9%
United States of America Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 20%
United States of America Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:AELE.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AELE.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:AELE.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-09-30 296,176 20,468 11,898
2018-06-30 287,698 12,882
2018-03-31 275,281 13,886 9,326
2017-12-31 263,873 5,540
2017-09-30 253,143 1,656 12,270
2017-06-30 246,311 8,551
2017-03-31 247,751 3,478 7,760
2016-12-31 249,000 7,501
2016-09-30 254,169 2,466 -2,813
2016-06-30 262,099 7,509
2016-03-31 273,056 2,043 10,698
2015-12-31 283,339 15,239

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alpine Electronics's earnings are expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Alpine Electronics is high growth as no revenue estimate data is available.
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:AELE.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Alpine Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AELE.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:AELE.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-09-30 172.54
2018-06-30 186.82
2018-03-31 135.26
2017-12-31 80.36
2017-09-30 177.98
2017-06-30 124.04
2017-03-31 112.57
2016-12-31 108.81
2016-09-30 -40.81
2016-06-30 108.93
2016-03-31 155.12
2015-12-31 220.75

*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.
  • Unable to establish if Alpine Electronics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Alpine Electronics'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.
Alpine Electronics has a total score of 2/6, 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 Alpine Electronics 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 Alpine Electronics's growth in the last year to its industry (Consumer Durables).
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.
  • Alpine Electronics's year on year earnings growth rate has been positive over the past 5 years.
  • Alpine Electronics's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Alpine Electronics's 1-year earnings growth is negative, it can't be compared to the US Consumer Durables industry average.
Earnings and Revenue History
Alpine Electronics'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 Alpine Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AELE.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 296,176.00 11,898.00 43,019.00
2018-06-30 287,698.00 12,882.00 41,923.00
2018-03-31 275,281.00 9,326.00 39,923.00
2017-12-31 263,873.00 5,540.00 38,840.00
2017-09-30 253,143.00 12,270.00 36,932.00
2017-06-30 246,311.00 8,551.00 34,633.00
2017-03-31 247,751.00 7,760.00 35,196.00
2016-12-31 249,000.00 7,501.00 33,755.00
2016-09-30 254,169.00 -2,813.00 33,219.00
2016-06-30 262,099.00 7,509.00 33,991.00
2016-03-31 273,056.00 10,698.00 34,387.00
2015-12-31 283,339.00 15,239.00 35,637.00
2015-09-30 292,687.00 19,902.00 36,773.00
2015-06-30 298,406.00 13,003.00 37,694.00
2015-03-31 294,560.00 12,704.00 37,990.00
2014-12-31 292,084.00 11,068.00 37,113.00
2014-09-30 289,533.00 10,422.00 36,712.00
2014-06-30 287,204.00 8,753.00 36,755.00
2014-03-31 285,884.00 9,229.00 35,948.00
2013-12-31 274,921.00 7,395.00 34,529.00
2013-09-30 256,298.00 4,012.00 31,725.00
2013-06-30 235,398.00 1,326.00 29,209.00
2013-03-31 222,309.00 1,747.00 27,193.00
2012-12-31 215,326.00 2,747.00 27,971.00
2012-09-30 211,797.00 3,110.00 28,210.00
2012-06-30 211,417.00 5,177.00 28,457.00
2012-03-31 202,905.00 4,572.00 28,504.00

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

Health

 How is Alpine Electronics'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 Alpine Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alpine Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Alpine Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Alpine Electronics'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.
  • Alpine Electronics has no debt, it does not need to be covered by short term assets.
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 Alpine Electronics Company Filings, last reported 3 months ago.

OTCPK:AELE.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 160,076.00 0.00 50,830.00
2018-06-30 156,052.00 0.00 51,594.00
2018-03-31 156,103.00 0.00 53,789.00
2017-12-31 154,842.00 0.00 53,123.00
2017-09-30 149,149.00 0.00 45,874.00
2017-06-30 143,270.00 0.00 53,334.00
2017-03-31 145,326.00 0.00 53,309.00
2016-12-31 144,622.00 0.00 56,471.00
2016-09-30 128,299.00 0.00 44,506.00
2016-06-30 131,191.00 0.00 46,749.00
2016-03-31 143,803.00 0.00 49,282.00
2015-12-31 150,465.00 0.00 50,834.00
2015-09-30 151,653.00 400.00 71,593.00
2015-06-30 145,199.00 0.00 55,277.00
2015-03-31 144,223.00 0.00 56,150.00
2014-12-31 139,104.00 0.00 53,722.00
2014-09-30 129,906.00 0.00 47,784.00
2014-06-30 122,518.00 0.00 45,940.00
2014-03-31 125,217.00 0.00 46,698.00
2013-12-31 126,115.00 0.00 42,050.00
2013-09-30 117,052.00 0.00 42,108.00
2013-06-30 114,344.00 0.00 35,550.00
2013-03-31 109,989.00 239.00 34,070.00
2012-12-31 103,819.00 247.00 28,315.00
2012-09-30 97,948.00 4,758.00 28,926.00
2012-06-30 100,233.00 5,521.00 36,764.00
2012-03-31 101,811.00 5,532.00 44,209.00
  • Alpine Electronics has no debt.
  • Alpine Electronics had no debt 5 years ago.
  • Alpine Electronics has no debt, it does not need to be covered by operating cash flow.
  • Alpine Electronics has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Alpine Electronics'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. Alpine Electronics 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 Alpine Electronics'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
2.16%
Current annual income from Alpine Electronics dividends.
If you bought $2,000 of Alpine Electronics shares you are expected to receive $43 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?
  • Alpine Electronics's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.55%).
  • Alpine Electronics's dividend is below the markets top 25% of dividend payers in United States of America (3.96%).
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:AELE.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 0 Analyst Estimates (S&P Global) See Below
United States of America Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1985 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

OTCPK:AELE.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
OTCPK:AELE.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-11-08 30.000 1.736
2018-10-30 30.000 1.579
2018-06-21 30.000 1.323
2018-04-26 30.000 1.418
2018-02-08 30.000 1.442
2018-01-30 30.000 1.280
2017-11-09 30.000 1.227
2017-10-30 30.000 1.156
2017-06-22 30.000 1.554
2017-04-27 30.000 1.892
2017-02-07 30.000 1.854
2017-01-27 30.000 1.788
2016-11-10 30.000 1.955
2016-10-28 30.000 2.151
2016-06-22 30.000 2.562
2016-04-27 30.000 2.603
2015-06-18 30.000 1.928
2015-04-28 30.000 1.192
2015-01-30 30.000 1.466
2014-10-31 25.000 1.284
2014-07-31 25.000 1.491
2014-06-19 25.000 1.644
2014-04-30 25.000 1.980
2014-02-13 20.000 1.496
2014-01-31 20.000 1.397
2013-11-13 20.000 1.420
2013-10-31 20.000 1.583
2013-08-08 20.000 1.885
2013-06-20 20.000 1.980
2013-04-30 20.000 2.006
2013-02-13 20.000 2.150
2013-01-31 20.000 2.377
2012-11-13 20.000 2.671
2012-10-31 20.000 3.074
2012-07-31 20.000 2.752
2012-04-27 20.000 2.272
2012-02-13 20.000 1.885
2012-01-31 20.000 2.020
2011-11-11 20.000 2.289
2011-10-31 20.000 2.199
2011-07-29 20.000 2.014
2011-06-23 20.000 1.753
2011-06-16 20.000 1.904
2011-05-13 20.000 1.906
2011-02-09 20.000 2.006
2011-01-31 20.000 1.727
2010-11-10 20.000 1.752
2010-11-01 20.000 1.906
2010-08-06 20.000 1.962
2010-06-24 20.000 1.900
2010-05-11 20.000 1.725
2010-02-09 0.000 0.000
2010-02-08 0.000 0.000
2009-11-11 0.000 0.000
2009-11-10 0.000 0.000
2009-08-05 0.000 0.000
2009-08-04 0.000 0.000
2009-06-24 0.000 0.000
2009-05-08 0.000 0.000
2009-04-30 0.000 0.000
2009-02-03 25.000 3.839
2009-01-05 25.000 3.843

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 Alpine Electronics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.8x 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 Alpine Electronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Alpine Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alpine Electronics 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 Alpine Electronics'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
Nobuhiko Komeya
AGE 63
CEO Bio

Mr. Nobuhiko Komeya has been the Chief Executive Officer and President at Alps Electric Co. Ltd. since June 2016 and served as its Senior Managing Director and General Manager of Administration Headquarters. Mr. Komeya served as Managing Director of Alps Electric Co. Ltd. Mr. Komeya served as a Director at Alps Electric Co. Ltd. since June 2004. He joined Alps Electric in 1981, He served various positions within the Alps group, including Director & President of Alps Electric (Uk) Limited, which is a wholly owned subsidiary of Alps Electric. He was first appointed as Director of Alps Electric in June 2004 and served as Senior Managing Director of Alpine as the Head of Administration in 2015.

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

Nobuhiko Komeya

TITLE
CEO, President & Representative Director
AGE
63

Koichi Endo

TITLE
MD & Director
AGE
74
TENURE
2.5 yrs

Youji Kawarada

TITLE
MD & Director
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Alpine Electronics board of directors in years:

1.4
Average Tenure
67.5
Average Age
  • The average tenure for the Alpine Electronics board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nobuhiko Komeya

TITLE
CEO, President & Representative Director
AGE
63

Koichi Endo

TITLE
MD & Director
AGE
74

Youji Kawarada

TITLE
MD & Director

Masataka Kataoka

TITLE
Director
AGE
72

Toshinori Kobayashi

TITLE
Director

Hideo Kojima

TITLE
Outside Director
TENURE
1.4 yrs

Shuji Taguchi

TITLE
Director

Niiya Hasegawa

TITLE
Outside Director
TENURE
1.4 yrs

Yasuhiro Ikeuchi

TITLE
Director

Naoki Yanagida

TITLE
Outside Director
AGE
58
TENURE
0.6 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 Alpine Electronics'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. Alpine Electronics 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

External News
Loading...
Simply Wall St News

Company Info

Map
Description

Alpine Electronics, Inc. develops, manufactures, and sells audio products for automobiles and information and communication products in Japan, Asia, North America, China, and Europe. The company operates through Audio Products, and Information and Communication Products segments. Its products include car audio devices, car AV products, and navigation systems for vehicle manufacturers and the consumer markets; intelligent transport systems; and electric vehicle/plug in hybrid vehicle products. The company also provides communication and cloud services, cockpit displays, and drive assisting products. Alpine Electronics, Inc. was founded in 1967 and is headquartered in Tokyo, Japan.

Details
Name: Alpine Electronics, Inc.
AELE.F
Exchange: OTCPK
Founded: 1967
¥888,482,605
68,969,584
Website: http://www.alpine.com
Address: Alpine Electronics, Inc.
1-7, Yukigaya-otsukamachi,
Ota-ku,
Tokyo,
145-0067,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6816 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK AELE.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB AE2 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
13,175
Alpine Electronics employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/04 02:03
End of day share price update: 2018/10/30 00:00
Last estimates confirmation: 2018/04/26
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
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.