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Matsumotokiyoshi Holdings

OTCPK:MSMK.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.
MSMK.F
OTCPK
¥375B
Market Cap
  1. Home
  2. US
  3. Consumer Retailing
Company description

Matsumotokiyoshi Holdings Co., Ltd. operates a chain of drug stores and pharmacies in Japan. The last earnings update was 70 days ago. More info.


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MSMK.F Share Price and Events
7 Day Returns
0%
OTCPK:MSMK.F
-0.2%
US Consumer Retailing
-0.1%
US Market
1 Year Returns
-
OTCPK:MSMK.F
13.4%
US Consumer Retailing
7.6%
US Market
MSMK.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Matsumotokiyoshi Holdings (MSMK.F) 0% 0% 0% - - -
US Consumer Retailing -0.2% 2.1% 2.3% 13.4% 24.4% 28.6%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • No trading data on MSMK.F.
  • No trading data on MSMK.F.
Price Volatility
MSMK.F
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Matsumotokiyoshi Holdings 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 Matsumotokiyoshi Holdings 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 Matsumotokiyoshi Holdings.

OTCPK:MSMK.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 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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:MSMK.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.474 (1 + (1- 30.86%) (0%))
0.648
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

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

The calculations below outline how an intrinsic value for Matsumotokiyoshi Holdings 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:MSMK.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.5%)
2019 22,304.33 Analyst x9 20,748.60
2020 21,835.50 Analyst x10 18,895.67
2021 23,403.90 Analyst x10 18,840.27
2022 26,976.25 Analyst x4 20,201.33
2023 30,696.33 Analyst x3 21,383.79
2024 33,391.00 Analyst x1 21,638.50
2025 35,625.98 Est @ 6.69% 21,476.53
2026 37,586.96 Est @ 5.5% 21,078.23
2027 39,343.04 Est @ 4.67% 20,524.12
2028 40,951.95 Est @ 4.09% 19,873.33
Present value of next 10 years cash flows ¥204,660.37
OTCPK:MSMK.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥40,951.95 × (1 + 2.73%) ÷ (7.5% – 2.73%)
¥882,339.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥882,339.31 ÷ (1 + 7.5%)10
¥428,185.33
OTCPK:MSMK.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥204,660.37 + ¥428,185.33
¥632,845.71
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥632,845.71 / 102.75
¥6159.05
OTCPK:MSMK.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:MSMK.F represents 0.0082x of TSE:3088
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0082x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 6,159.05 x 0.0082
$50.52
Value per share (USD) From above. $50.52
Current discount Discount to share price of $29.90
= -1 x ($29.90 - $50.52) / $50.52
40.8%

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

Current Discount
Amount off the current price Matsumotokiyoshi Holdings is available for.
Intrinsic value
41%
Share price is $29.9 vs Future cash flow value of $50.52
Current Discount Checks
For Matsumotokiyoshi Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Matsumotokiyoshi Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Matsumotokiyoshi Holdings'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 Matsumotokiyoshi Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Matsumotokiyoshi Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MSMK.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥229.90
TSE:3088 Share Price ** TSE (2019-01-24) in JPY ¥3645
United States of America Consumer Retailing Industry PE Ratio Median Figure of 21 Publicly-Listed Consumer Retailing Companies 20.96x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

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

** Primary Listing of Matsumotokiyoshi Holdings.

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

= TSE:3088 Share Price ÷ EPS (both in JPY)

= 3645 ÷ 229.90

15.85x

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

  • Matsumotokiyoshi Holdings is good value based on earnings compared to the US Consumer Retailing industry average.
  • Matsumotokiyoshi Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Matsumotokiyoshi Holdings's expected growth come at a high price?
Raw Data
OTCPK:MSMK.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
5%per year
United States of America Consumer Retailing Industry PEG Ratio Median Figure of 14 Publicly-Listed Consumer Retailing Companies 2.26x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.85x ÷ 5%

3.16x

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

  • Matsumotokiyoshi Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Matsumotokiyoshi Holdings's assets?
Raw Data
OTCPK:MSMK.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,955.27
TSE:3088 Share Price * TSE (2019-01-24) in JPY ¥3645
United States of America Consumer Retailing Industry PB Ratio Median Figure of 30 Publicly-Listed Consumer Retailing Companies 2.47x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
OTCPK:MSMK.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3088 Share Price ÷ Book Value per Share (both in JPY)

= 3645 ÷ 1,955.27

1.86x

* Primary Listing of Matsumotokiyoshi Holdings.

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

  • Matsumotokiyoshi Holdings is good value based on assets compared to the US Consumer Retailing industry average.
X
Value checks
We assess Matsumotokiyoshi Holdings'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 Retailing 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 Retailing industry average (and greater than 0)? (1 check)
  5. Matsumotokiyoshi Holdings 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 Matsumotokiyoshi Holdings expected to perform in the next 1 to 3 years based on estimates from 11 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
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Matsumotokiyoshi Holdings expected to grow at an attractive rate?
  • Matsumotokiyoshi Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Matsumotokiyoshi Holdings's earnings growth is positive but not above the United States of America market average.
  • Matsumotokiyoshi Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MSMK.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MSMK.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 5%
OTCPK:MSMK.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.7%
United States of America Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:MSMK.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 11 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MSMK.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31 669,020 41,800 30,186 5
2022-03-31 648,014 36,000 29,281 7
2021-03-31 624,328 33,735 27,885 11
2020-03-31 600,973 31,945 26,438 11
2019-03-31 579,219 32,216 24,985 11
OTCPK:MSMK.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 573,207 24,222
2018-09-30 569,307 24,277 23,635
2018-06-30 565,974 23,618
2018-03-31 558,879 27,938 22,755
2017-12-31 551,515 22,652
2017-09-30 545,375 27,225 21,483
2017-06-30 538,522 20,667
2017-03-31 535,133 23,722 20,119
2016-12-31 536,858 18,166
2016-09-30 537,366 22,739 19,503
2016-06-30 538,802 18,964
2016-03-31 536,052 31,075 17,853

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Matsumotokiyoshi Holdings's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • Matsumotokiyoshi Holdings's revenue is expected to grow by 3.7% 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:MSMK.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 11 Analyst Estimates (S&P Global) See Below

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

OTCPK:MSMK.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31 296.29 342.30 245.97 4.00
2022-03-31 288.87 322.10 242.57 6.00
2021-03-31 270.15 302.40 239.17 11.00
2020-03-31 256.19 281.60 233.88 11.00
2019-03-31 241.01 256.70 231.51 11.00
OTCPK:MSMK.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 229.90
2018-09-30 223.34
2018-06-30 223.18
2018-03-31 215.03
2017-12-31 214.06
2017-09-30 203.02
2017-06-30 194.89
2017-03-31 189.07
2016-12-31 170.14
2016-09-30 182.05
2016-06-30 176.79
2016-03-31 166.44

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

Past Performance

  How has Matsumotokiyoshi Holdings 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 Matsumotokiyoshi Holdings's growth in the last year to its industry (Consumer Retailing).
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.
  • Matsumotokiyoshi Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Matsumotokiyoshi Holdings's 1-year earnings growth is less than its 5-year average (6.9% vs 15.8%)
  • Matsumotokiyoshi Holdings's earnings growth has exceeded the US Consumer Retailing industry average in the past year (6.9% vs -0.2%).
Earnings and Revenue History
Matsumotokiyoshi Holdings'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 Matsumotokiyoshi Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MSMK.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 573,207.00 24,222.00 133,960.00
2018-09-30 569,307.00 23,635.00 132,129.00
2018-06-30 565,974.00 23,618.00 129,914.00
2018-03-31 558,879.00 22,755.00 127,935.00
2017-12-31 551,515.00 22,652.00 125,032.00
2017-09-30 545,375.00 21,483.00 123,832.00
2017-06-30 538,522.00 20,667.00 122,395.00
2017-03-31 535,133.00 20,119.00 121,490.00
2016-12-31 536,858.00 18,166.00 121,707.00
2016-09-30 537,366.00 19,503.00 120,304.00
2016-06-30 538,802.00 18,964.00 120,962.00
2016-03-31 536,052.00 17,853.00 120,684.00
2015-12-31 526,241.00 18,593.00 119,577.00
2015-09-30 516,010.00 15,130.00 118,699.00
2015-06-30 505,061.00 14,152.00 116,985.00
2015-03-31 485,512.00 11,619.00 115,375.00
2014-12-31 495,399.00 11,279.00 116,788.00
2014-09-30 491,830.00 11,728.00 115,434.00
2014-06-30 488,886.00 11,867.00 114,272.00
2014-03-31 495,385.00 13,355.00 112,961.00
2013-12-31 473,500.00 12,270.00 109,858.00
2013-09-30 466,783.00 12,309.00 108,272.00
2013-06-30 463,256.00 12,346.00 106,116.00
2013-03-31 456,311.00 11,270.00 104,274.00
2012-12-31 453,436.00 11,229.00 103,140.00
2012-09-30 447,562.00 9,901.00 101,597.00
2012-06-30 440,300.00 9,383.00 100,283.00

*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.
  • Matsumotokiyoshi Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Matsumotokiyoshi Holdings used its assets more efficiently than the US Consumer Retailing industry average last year based on Return on Assets.
  • Matsumotokiyoshi Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Matsumotokiyoshi Holdings'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 Retailing 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.
Matsumotokiyoshi Holdings has a total score of 4/6, 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 Matsumotokiyoshi Holdings'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 Matsumotokiyoshi Holdings's finances.

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

OTCPK:MSMK.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 203,276.00 0.00 36,048.00
2018-09-30 217,371.00 0.00 54,949.00
2018-06-30 209,982.00 0.00 50,979.00
2018-03-31 204,870.00 4,587.00 51,618.00
2017-12-31 199,556.00 0.00 44,163.00
2017-09-30 193,364.00 0.00 46,148.00
2017-06-30 188,551.00 0.00 40,734.00
2017-03-31 184,059.00 4,261.00 38,482.00
2016-12-31 179,060.00 0.00 31,044.00
2016-09-30 175,109.00 0.00 33,337.00
2016-06-30 174,077.00 0.00 30,569.00
2016-03-31 171,639.00 4,257.00 32,036.00
2015-12-31 169,455.00 0.00 28,267.00
2015-09-30 163,465.00 0.00 24,375.00
2015-06-30 161,164.00 3.00 15,914.00
2015-03-31 158,297.00 4,447.00 11,037.00
2014-12-31 151,975.00 5,019.00 13,762.00
2014-09-30 149,961.00 41.00 10,311.00
2014-06-30 148,216.00 3,065.00 10,075.00
2014-03-31 150,220.00 4,588.00 18,188.00
2013-12-31 146,379.00 3,138.00 12,377.00
2013-09-30 144,540.00 177.00 18,568.00
2013-06-30 139,566.00 2,574.00 13,133.00
2013-03-31 136,701.00 7,872.00 11,563.00
2012-12-31 121,541.00 15,678.00 10,161.00
2012-09-30 118,832.00 15,466.00 12,378.00
2012-06-30 116,053.00 16,659.00 8,168.00
  • Matsumotokiyoshi Holdings has no debt.
  • Matsumotokiyoshi Holdings has no debt compared to 5 years ago when it was 2.2%.
  • Matsumotokiyoshi Holdings has no debt, it does not need to be covered by operating cash flow.
  • Matsumotokiyoshi Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Matsumotokiyoshi Holdings'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. Matsumotokiyoshi Holdings 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 Matsumotokiyoshi Holdings'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
1.65%
Current annual income from Matsumotokiyoshi Holdings dividends. Estimated to be 1.8% next year.
If you bought $2,000 of Matsumotokiyoshi Holdings shares you are expected to receive $33 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?
  • Matsumotokiyoshi Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Matsumotokiyoshi Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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:MSMK.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 11 Analyst Estimates (S&P Global) See Below
United States of America Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2%
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:MSMK.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31 64.63 3.00
2022-03-31 66.03 4.00
2021-03-31 67.85 11.00
2020-03-31 63.41 11.00
2019-03-31 59.80 10.00
OTCPK:MSMK.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 60.000 1.619
2018-11-08 60.000 1.643
2018-06-28 60.000 1.353
2018-05-10 60.000 1.132
2018-02-13 50.000 1.101
2017-11-09 50.000 1.099
2017-06-29 50.000 1.362
2017-05-11 50.000 1.552
2017-02-10 45.000 1.650
2016-11-11 45.000 1.612
2016-06-29 45.000 1.819
2016-05-12 45.000 1.604
2016-02-12 40.000 1.461
2015-11-12 40.000 1.359
2015-06-26 35.000 1.260
2015-05-15 35.000 1.400
2015-02-13 30.000 1.399
2014-11-14 30.000 1.726
2014-06-27 30.000 1.822
2014-05-15 30.000 1.702
2013-11-14 30.000 1.822
2013-06-27 20.000 1.263
2013-05-10 20.000 1.551
2012-08-10 20.000 1.876
2012-06-28 20.000 2.265
2012-05-11 20.000 2.313
2011-08-12 15.000 1.870
2011-05-18 15.000 1.763
2010-06-29 15.000 1.790
2010-05-14 15.000 1.613
2009-11-13 15.000 1.444
2009-06-26 15.000 1.416
2009-05-14 15.000 1.514
2009-05-08 15.000 1.656
2009-04-27 15.000 1.764

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 Matsumotokiyoshi Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x 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 Matsumotokiyoshi Holdings'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 Matsumotokiyoshi Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Matsumotokiyoshi Holdings 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 Matsumotokiyoshi Holdings'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
Kiyoo Matsumoto
AGE 45
TENURE AS CEO 5 years
CEO Bio

Mr. Kiyoo Matsumoto has been the President of Matsumotokiyoshi Holdings Co., Ltd., since April 2014. Mr. Matsumoto has been the President and Representative Director of Matsumoto Kiyoshi Co., Ltd., since April 2011. Mr. Matsumoto had been a Senior Managing Director of Matsumotokiyoshi Co. Ltd., since April 2009. He served as a Managing Director of Matsumotokiyoshi Holdings Co., Ltd., since April 2008. He joined Matsumoto Kiyoshi Co., Ltd., in June 1995 and served as its Manager of Products Department since April 2005 and Manager-in-charge, Products, Sales Division since July 2007. He has been a Representative Director of Nankai Kosan K.K. since July 2009 and Matsumotokiyoshi Holdings Co., Ltd., since April 2013. He served as a Director of Matsumotokiyoshi Holdings Co., Ltd., since October 2007.

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

Average tenure and age of the Matsumotokiyoshi Holdings management team in years:

2
Average Tenure
55
Average Age
  • The tenure for the Matsumotokiyoshi Holdings management team is about average.
Management Team

Kiyoo Matsumoto

TITLE
President & Representative Director
AGE
45
TENURE
5 yrs

Shingo Obe

TITLE
Head of Human Resources
AGE
56
TENURE
2 yrs

Tetsuo Matsumoto

TITLE
Corporate Counselor
AGE
73

Takashi Matsumoto

TITLE
MD, GM of Sales Division & Director
AGE
43

Akio Ishibashi

TITLE
Executive Officer
AGE
54
TENURE
1.8 yrs

Kazumasa Sugito

TITLE
Executive Officer & Head of IT of Sales Division

Hiroaki Kozawa

TITLE
Executive Officer & Head of Overseas Business of Sales Division

Takao Watanabe

TITLE
Executive Officer & Deputy GM of Business Strategy Division

Kazuo Narita

TITLE
VP & Director
AGE
68

Hidesato Hiramatsu

TITLE
Executive Officer & Manager of Overall Group IT & Logistics
Board of Directors Tenure

Average tenure and age of the Matsumotokiyoshi Holdings board of directors in years:

10
Average Tenure
69
Average Age
  • The average tenure for the Matsumotokiyoshi Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Namio Matsumoto

TITLE
Chairman
COMPENSATION
¥231M
AGE
75
TENURE
10 yrs

Kiyoo Matsumoto

TITLE
President & Representative Director
AGE
45
TENURE
6 yrs

Shingo Obe

TITLE
Head of Human Resources
AGE
56

Tetsuo Matsumoto

TITLE
Corporate Counselor
AGE
73
TENURE
11.5 yrs

Takashi Matsumoto

TITLE
MD, GM of Sales Division & Director
AGE
43
TENURE
5.8 yrs

Akio Ishibashi

TITLE
Executive Officer
AGE
54

Kazuo Narita

TITLE
VP & Director
AGE
68

Masahiro Oya

TITLE
External Director
AGE
70
TENURE
11.5 yrs

Ryoichi Kobayashi

TITLE
External Director
AGE
72
TENURE
10.8 yrs

Isao Matsushita

TITLE
External Director
AGE
71
TENURE
2.8 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 Matsumotokiyoshi Holdings'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. Matsumotokiyoshi Holdings 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

Simply Wall St News

Company Info

Description

Matsumotokiyoshi Holdings Co., Ltd. operates a chain of drug stores and pharmacies in Japan. It also provides wholesale, as well as management support services. The company operates 1,555 retail stores in 45 prefectures. Matsumotokiyoshi Holdings Co., Ltd. was founded in 1932 and is based in Matsudo, Japan.

Details
Name: Matsumotokiyoshi Holdings Co., Ltd.
MSMK.F
Exchange: OTCPK
Founded: 1932
¥3,346,219,293
102,750,506
Website: http://www.matsumotokiyoshi-hd.co.jp
Address: Matsumotokiyoshi Holdings Co., Ltd.
9-1 Shinmatsudohigashi,
Matsudo,
Chiba, 270-8511,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3088 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK MSMK.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
6,249
Matsumotokiyoshi Holdings employees.
Industry
Drug Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:19
End of day share price update: 2019/01/24 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
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.