OTCPK:HGYM.F

Stock Analysis Report

Executive Summary

Hogy Medical Co.,Ltd. develops and supplies various medical products for healthcare facilities in Japan and internationally.

Snowflake

Fundamentals

Excellent balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

HGYM.F

2.4%

US Medical Equipment

0.9%

US Market


1 Year Return

n/a

HGYM.F

23.9%

US Medical Equipment

16.8%

US Market

Return vs Industry: Insufficient data to determine how HGYM.F performed against the US Medical Equipment industry.

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


Shareholder returns

HGYM.FIndustryMarket
7 Day0%2.4%0.9%
30 Day14.0%3.6%4.5%
90 Dayn/a2.2%6.2%
1 Yearn/a25.0%23.9%19.4%16.8%
3 Year-49.4%-49.4%90.3%84.5%47.5%38.0%
5 Yearn/a117.4%93.9%62.0%44.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Hogy MedicalLtd undervalued compared to its fair value and its price relative to the market?

22.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HGYM.F ($32.87) is trading above our estimate of fair value ($12.81)

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


Price To Earnings Ratio

PE vs Industry: HGYM.F is good value based on its PE Ratio (22.8x) compared to the Medical Equipment industry average (46.3x).

PE vs Market: HGYM.F is poor value based on its PE Ratio (22.8x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: HGYM.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: HGYM.F is good value based on its PB Ratio (1.2x) compared to the US Medical Equipment industry average (4x).


Next Steps

Future Growth

How is Hogy MedicalLtd forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HGYM.F's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: HGYM.F's earnings are forecast to decline over the next 3 years (-2.4% per year).

High Growth Earnings: HGYM.F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HGYM.F's revenue (2.8% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: HGYM.F's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HGYM.F's Return on Equity is forecast to be low in 3 years time (4.7%).


Next Steps

Past Performance

How has Hogy MedicalLtd performed over the past 5 years?

-0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HGYM.F has large one-off items impacting its financial results.

Growing Profit Margin: HGYM.F's current net profit margins (13%) are lower than last year (16.9%).


Past Earnings Growth Analysis

Earnings Trend: HGYM.F's earnings have declined by -0.5% per year over the past 5 years.

Accelerating Growth: HGYM.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: HGYM.F had negative earnings growth (-23.1%) over the past year, making it difficult to compare to the Medical Equipment industry average (28.3%).


Return on Equity

High ROE: HGYM.F's Return on Equity (5.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hogy MedicalLtd's financial position?


Financial Position Analysis

Short Term Liabilities: HGYM.F's short term assets (¥44.7B) exceeds its short term liabilities (¥10.3B)

Long Term Liabilities: HGYM.F's short term assets (¥44.7B) exceeds its long term liabilities (2.5B)


Debt to Equity History and Analysis

Debt Level: HGYM.F's debt to equity ratio (0.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if HGYM.F's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: HGYM.F's debt is well covered by operating cash flow (4040.9%).

Interest Coverage: HGYM.F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: HGYM.F has a high level of physical assets or inventory.

Debt Coverage by Assets: HGYM.F's debt is covered by short term assets (assets are 194.3x debt).


Next Steps

  • Explore more healthy companies in the Healthcare industry.

Dividend

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

1.83%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Years1.9%

Current dividend yield vs market & industry

Notable Dividend: HGYM.F's dividend (1.83%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: HGYM.F's dividend (1.83%) is low compared to the top 25% of dividend payers in the US market (3.68%).


Stability and Growth of Payments

Stable Dividend: HGYM.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: HGYM.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.1%), HGYM.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.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Jun-Ichi Hoki (59yo)

0yrs

Tenure

0

Mr. Jun-Ichi Hoki serves as the President and Chief Executive Officer of Hogy Medical Co., Ltd. Mr. Hoki served as Chief Operating Officer, Executive Vice President and a Senior Managing Director of Hogy M ...


Management Age and Tenure

0.8yrs

Average Tenure

59yo

Average Age

Experienced Management: HGYM.F's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

2.4yrs

Average Tenure

64yo

Average Age

Experienced Board: HGYM.F's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown

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


Management Team

  • Jun-Ichi Hoki (59yo)

    CEO, President & Representative Director

    • Tenure: 0yrs
  • Takuya Kobayashi (54yo)

    GM of Group 1

    • Tenure: 0yrs
  • Katsuo Sasaki (61yo)

    Director of Production Division & Director

    • Tenure: 0yrs
  • Susumu Ohashi

    Executive Officer of System Administration Dept. & Administration Dept.

    • Tenure: 0yrs
  • Akira Koizumi

    Executive Officer of Production Division & Procurement Dept.

    • Tenure: 0yrs
  • Wataru Fujimoto

    Director of Sales Dept.2 & Director

    • Tenure: 0.8yrs
  • Hisato Komatsu

    Executive Officer of Global Business Division

    • Tenure: 1.6yrs
  • Hideki Kawakubo

    Executive Officer of Management Planning & Sales Administration Department

    • Tenure: 1.8yrs
  • Masato Iwasaki

    Executive Officer of Sales Dept.2 & Sales GM of Group 4 and 5

    • Tenure: 0.5yrs

Board Members

  • Jun-Ichi Hoki (59yo)

    CEO, President & Representative Director

    • Tenure: 0yrs
  • Ikuo Fuse

    Full-Time Corporate Auditor

    • Tenure: 2.4yrs
  • Takuya Kobayashi (54yo)

    GM of Group 1

    • Tenure: 0yrs
  • Shuji Yanase (78yo)

    Outside Corporate Auditor

    • Tenure: 0yrs
  • Katsuo Sasaki (61yo)

    Director of Production Division & Director

    • Tenure: 0yrs
  • Wataru Fujimoto

    Director of Sales Dept.2 & Director

    • Tenure: 0.8yrs
  • Kiyoshi Uesugi (69yo)

    Outside Director

    • Tenure: 3.4yrs
  • Noboru Iizuka (67yo)

    Outside Corporate Auditor

    • Tenure: 3.4yrs
  • Ichiro Inoue

    Outside Board Member

    • Tenure: 1.4yrs

Company Information

Hogy Medical Co.,Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hogy Medical Co.,Ltd.
  • Ticker: HGYM.F
  • Exchange: OTCPK
  • Founded: 1955
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Market Cap: JP¥109.046b
  • Listing Market Cap: JP¥1.005b
  • Shares outstanding: 30.21m
  • Website: https://www.hogy.co.jp

Number of Employees


Location

  • Hogy Medical Co.,Ltd.
  • 7-7, Akasaka 2-chome
  • Minato-ku
  • Tokyo
  • 107-8615
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HGYM.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 1992
3593TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYMay 1992

Biography

Hogy Medical Co.,Ltd. develops and supplies various medical products for healthcare facilities in Japan and internationally. The company offers kit products for surgery applications; and non-woven products ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/19 23:53
End of Day Share Price2019/11/11 00:00
Earnings2019/09/30
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.