OTCPK:SRXX.F

Stock Analysis Report

Executive Summary

SPARX Group Co., Ltd. is a publicly owned asset management holding company.

Rewards


Snowflake Analysis

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SRXX.F

0.4%

US Capital Markets

0.06%

US Market


1 Year Return

n/a

SRXX.F

17.9%

US Capital Markets

19.3%

US Market

Return vs Industry: Insufficient data to determine how SRXX.F performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how SRXX.F performed against the US Market.


Shareholder returns

SRXX.FIndustryMarket
7 Day0%0.4%0.06%
30 Day0%0.7%1.7%
90 Dayn/a6.9%9.0%
1 Yearn/a20.2%17.9%21.8%19.3%
3 Yearn/a40.2%32.4%49.5%39.9%
5 Year34.3%34.3%84.5%67.4%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

17.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SRXX.F ($2.31) is trading above our estimate of fair value ($2.1)

Significantly Below Fair Value: SRXX.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SRXX.F is good value based on its PE Ratio (17.2x) compared to the Capital Markets industry average (35.3x).

PE vs Market: SRXX.F is good value based on its PE Ratio (17.2x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SRXX.F is good value based on its PB Ratio (2.6x) compared to the US Capital Markets industry average (6.8x).

Future Growth

How is SPARX Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SPARX Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has SPARX Group performed over the past 5 years?

15.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRXX.F has a high level of non-cash earnings.

Growing Profit Margin: SRXX.F's current net profit margins (24%) are lower than last year (29.1%).


Past Earnings Growth Analysis

Earnings Trend: SRXX.F's earnings have grown by 15.5% per year over the past 5 years.

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

Earnings vs Industry: SRXX.F had negative earnings growth (-6.5%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).


Return on Equity

High ROE: SRXX.F's Return on Equity (14.5%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is SPARX Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: SRXX.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: SRXX.F's debt is covered by short term assets (assets are 2.7x debt).


Financial Institutions Analysis

Asset Level: SRXX.F's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if SRXX.F has a sufficient allowance for bad loans.

Low Risk Liabilities: SRXX.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if SRXX.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SRXX.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if SRXX.F has an appropriate level of bad loans.

Dividend

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

2.67%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: SRXX.F's dividend (2.67%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: SRXX.F's dividend (2.67%) is low compared to the top 25% of dividend payers in the US market (3.71%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SRXX.F has been paying a dividend for less than 10 years.

Growing Dividend: SRXX.F's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.1%), SRXX.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average board tenure


CEO

Shuhei Abe (65yo)

8.8yrs

Tenure

0

Mr. Shuhei Abe serves as a President and Chief Executive Officer and served as Chief Investment Officer, Portfolio Manager and Chairman at SPARX Asset Management Co., Ltd. He is the Founder of SPARX Asset  ...


Board Members

NamePositionTenureCompensationOwnership
Shuhei Abe
Chief Executive Officer8.8yrsno data41.4% ¥193.6m
Masatoshi Fukami
Group Executive Officer & Representative Director2.7yrsno data0.71% ¥3.3m
Jitsuo Tatsuno
Standing Statutory Auditor7.7yrsno data0.0073% ¥34.0k
Tadahiro Fujimura
Director2.7yrsno data0.21% ¥984.0k
Seiichiro Umeno
Outside Auditor0.7yrsno datano data
Kimikazu Noumi
Outside Director2.7yrsno datano data
Kazuyoshi Kimura
Outside Auditor7.7yrsno data0.10% ¥468.1k
Toshihiko Nakagawa
Outside Director4.7yrsno data0.060% ¥279.1k

3.7yrs

Average Tenure

62.5yo

Average Age

Experienced Board: SRXX.F's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: SPARX Group Co., Ltd
  • Ticker: SRXX.F
  • Exchange: OTCPK
  • Founded: 1989
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: JP¥52.358b
  • Listing Market Cap: JP¥467.726m
  • Shares outstanding: 199.84m
  • Website: https://www.sparxgroup.com

Number of Employees


Location

  • SPARX Group Co., Ltd
  • Shinagawa Season Terrace
  • 6th Floor
  • Tokyo
  • 108-0075
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8739TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYDec 2001
SRXX.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2001

Biography

SPARX Group Co., Ltd. is a publicly owned asset management holding company. Through its subsidiaries, it offers asset management and investment advisory services. It invests in real estate. The firm primarily provides its services to corporate pension annuities, government entities, private and trust banks, and public pension funds. SPARX Group Co., Ltd. was founded on July 1, 1989 and is based in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 00:13
End of Day Share Price2019/12/13 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.