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Pigeon

OTCPK:PIGE.F
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PIGE.F
OTCPK
¥564B
Market Cap
  1. Home
  2. US
  3. Household
Company description

Pigeon Corporation manufactures, sells, imports, and exports baby and child-care products, maternity items, women’s care products, home healthcare products, elder care products, etc. The last earnings update was 49 days ago. More info.


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PIGE.F Share Price and Events
7 Day Returns
0%
OTCPK:PIGE.F
0.8%
US Household Products
-0.3%
US Market
1 Year Returns
-
OTCPK:PIGE.F
42.9%
US Household Products
7%
US Market
PIGE.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pigeon (PIGE.F) 0% 0% 0% - 38.5% -14.4%
US Household Products 0.8% 3.4% 13.6% 42.9% 32.3% 36.2%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • No trading data on PIGE.F.
  • No trading data on PIGE.F.
Price Volatility
PIGE.F
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Pigeon 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 Pigeon 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 Pigeon.

OTCPK:PIGE.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 10 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:PIGE.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.334 (1 + (1- 30.86%) (0%))
0.554
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:PIGE.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pigeon 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:PIGE.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.5%)
2019 13,970.40 Analyst x5 12,995.96
2020 14,725.00 Analyst x4 12,742.50
2021 17,061.20 Analyst x5 13,734.36
2022 17,400.00 Analyst x1 13,030.10
2023 19,400.00 Analyst x1 13,514.49
2024 20,697.25 Est @ 6.69% 13,412.52
2025 21,835.55 Est @ 5.5% 13,163.20
2026 22,855.02 Est @ 4.67% 12,816.77
2027 23,789.15 Est @ 4.09% 12,410.11
2028 24,664.60 Est @ 3.68% 11,969.34
Present value of next 10 years cash flows ¥129,789.35
OTCPK:PIGE.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥24,664.60 × (1 + 2.73%) ÷ (7.5% – 2.73%)
¥531,416.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥531,416.70 ÷ (1 + 7.5%)10
¥257,888.13
OTCPK:PIGE.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥129,789.35 + ¥257,888.13
¥387,677.48
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥387,677.48 / 119.76
¥3237.1
OTCPK:PIGE.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:PIGE.F represents 0.00801x of TSE:7956
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00801x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,237.10 x 0.00801
$25.94
Value per share (USD) From above. $25.94
Current discount Discount to share price of $37.75
= -1 x ($37.75 - $25.94) / $25.94
-45.5%

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

  • The current share price of Pigeon 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 Pigeon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pigeon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PIGE.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in JPY ¥118.89
TSE:7956 Share Price ** TSE (2019-01-22) in JPY ¥4710
United States of America Household Products Industry PE Ratio Median Figure of 8 Publicly-Listed Household Products Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

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

** Primary Listing of Pigeon.

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

= TSE:7956 Share Price ÷ EPS (both in JPY)

= 4710 ÷ 118.89

39.62x

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

  • Pigeon is overvalued based on earnings compared to the US Household Products industry average.
  • Pigeon is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Pigeon's expected growth come at a high price?
Raw Data
OTCPK:PIGE.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
9.8%per year
United States of America Household Products Industry PEG Ratio Median Figure of 6 Publicly-Listed Household Products Companies 4.56x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 39.62x ÷ 9.8%

4.06x

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

  • Pigeon is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pigeon's assets?
Raw Data
OTCPK:PIGE.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in JPY ¥536.43
TSE:7956 Share Price * TSE (2019-01-22) in JPY ¥4710
United States of America Household Products Industry PB Ratio Median Figure of 11 Publicly-Listed Household Products Companies 2.37x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
OTCPK:PIGE.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7956 Share Price ÷ Book Value per Share (both in JPY)

= 4710 ÷ 536.43

8.78x

* Primary Listing of Pigeon.

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

  • Pigeon is overvalued based on assets compared to the US Household Products industry average.
X
Value checks
We assess Pigeon'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 Household Products 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 Household Products industry average (and greater than 0)? (1 check)
  5. Pigeon 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.

Future Performance

 How is Pigeon expected to perform in the next 1 to 3 years based on estimates from 10 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
9.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pigeon expected to grow at an attractive rate?
  • Pigeon's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Pigeon's earnings growth is positive but not above the United States of America market average.
  • Pigeon's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PIGE.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PIGE.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 9.8%
OTCPK:PIGE.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 7.1%
United States of America Household Products Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
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:PIGE.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PIGE.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 149,400 26,425 23,750 2
2022-12-31 138,500 23,800 21,150 2
2021-12-31 126,881 21,558 18,760 10
2021-01-31 122,000 19,005 1
2020-12-31 118,859 18,599 16,965 10
2020-01-31 114,000 17,150 1
2019-12-31 107,208 18,011 14,981 10
OTCPK:PIGE.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-01-31 104,747 13,632 14,238
2018-10-31 106,607 16,324
2018-07-31 106,362 15,724 16,131
2018-04-30 104,384 14,894
2018-01-31 102,563 17,094 14,515
2017-10-31 100,184 12,986
2017-07-31 97,386 14,412 12,066
2017-04-30 95,871 12,109
2017-01-31 94,640 14,810 11,118
2016-10-31 93,696 10,974
2016-07-31 91,989 14,226 10,460
2016-04-30 93,146 10,210

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pigeon's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
  • Pigeon's revenue is expected to grow by 7.1% 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:PIGE.F 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 10 Analyst Estimates (S&P Global) See Below

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

OTCPK:PIGE.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 201.85 213.80 189.90 2.00
2022-12-31 178.85 186.20 171.50 2.00
2021-12-31 156.37 178.38 144.03 10.00
2021-01-31 156.20 156.20 156.20 1.00
2020-12-31 141.26 153.72 132.51 10.00
2020-01-31 141.00 141.00 141.00 1.00
2019-12-31 124.62 130.82 119.60 10.00
OTCPK:PIGE.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-01-31 118.89
2018-10-31 136.30
2018-07-31 134.69
2018-04-30 124.36
2018-01-31 121.20
2017-10-31 108.43
2017-07-31 100.75
2017-04-30 101.11
2017-01-31 92.83
2016-10-31 91.63
2016-07-31 87.34
2016-04-30 85.25

*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.
  • Pigeon is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Pigeon'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.
Pigeon has a total score of 3/6, 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 Pigeon 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 Pigeon's growth in the last year to its industry (Household Products).
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.
  • Pigeon's year on year earnings growth rate has been positive over the past 5 years.
  • Pigeon's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Pigeon's 1-year earnings growth is negative, it can't be compared to the US Household Products industry average.
Earnings and Revenue History
Pigeon'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 Pigeon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PIGE.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 104,747.00 14,238.00 34,246.00
2018-10-31 106,607.00 16,324.00 33,423.00
2018-07-31 106,362.00 16,131.00 32,841.00
2018-04-30 104,384.00 14,894.00 31,925.00
2018-01-31 102,563.00 14,515.00 31,159.00
2017-10-31 100,184.00 12,986.00 30,012.00
2017-07-31 97,386.00 12,066.00 29,366.00
2017-04-30 95,871.00 12,109.00 28,788.00
2017-01-31 94,640.00 11,118.00 28,673.00
2016-10-31 93,696.00 10,974.00 28,480.00
2016-07-31 91,989.00 10,460.00 28,537.00
2016-04-30 93,146.00 10,210.00 28,986.00
2016-01-31 92,209.00 10,197.00 28,823.00
2015-10-31 91,265.00 9,863.00 28,449.00
2015-07-31 91,406.00 9,659.00 27,866.00
2015-04-30 87,063.00 9,148.00 26,316.00
2015-01-31 84,113.00 8,451.00 25,515.00
2014-10-31 81,092.00 7,724.00 25,032.00
2014-07-31 80,073.00 7,938.00 24,464.00
2014-04-30 79,429.00 7,429.00 24,355.00
2014-01-31 77,465.00 6,985.00 24,098.00
2013-10-31 74,630.00 6,763.00 22,787.00
2013-07-31 70,489.00 5,784.00 22,002.00
2013-04-30 67,625.00 4,851.00 21,421.00
2013-01-31 65,075.00 4,573.00 20,674.00
2012-10-31 63,535.00 4,542.00 20,071.00
2012-07-31 61,920.00 3,879.00 19,823.00
2012-04-30 60,445.00 3,896.00 19,385.00

*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.
  • Pigeon has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Pigeon used its assets more efficiently than the US Household Products industry average last year based on Return on Assets.
  • Pigeon has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pigeon'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 Household Products 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.
Pigeon 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 Pigeon'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 Pigeon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pigeon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pigeon's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pigeon'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.
  • Pigeon 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 Pigeon Company Filings, last reported 2 months ago.

OTCPK:PIGE.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 66,582.00 0.00 30,949.00
2018-10-31 65,170.00 0.00 27,726.00
2018-07-31 65,035.00 0.00 28,275.00
2018-04-30 61,570.00 0.00 26,904.00
2018-01-31 62,811.00 0.00 31,346.00
2017-10-31 57,626.00 16.00 25,676.00
2017-07-31 56,778.00 0.00 25,577.00
2017-04-30 53,636.00 0.00 22,711.00
2017-01-31 53,736.00 5,699.00 30,052.00
2016-10-31 48,408.00 5,627.00 24,640.00
2016-07-31 48,871.00 5,617.00 24,003.00
2016-04-30 49,627.00 6,036.00 22,116.00
2016-01-31 50,792.00 6,308.00 24,297.00
2015-10-31 48,788.00 8,187.00 23,878.00
2015-07-31 50,757.00 8,254.00 22,750.00
2015-04-30 47,127.00 8,222.00 20,347.00
2015-01-31 47,295.00 8,018.00 21,590.00
2014-10-31 43,420.00 8,724.00 18,716.00
2014-07-31 39,950.00 8,512.00 15,940.00
2014-04-30 38,121.00 8,506.00 15,643.00
2014-01-31 39,979.00 3,410.00 13,102.00
2013-10-31 37,106.00 3,403.00 9,146.00
2013-07-31 36,076.00 3,446.00 9,086.00
2013-04-30 33,623.00 2,697.00 7,840.00
2013-01-31 32,364.00 3,619.00 10,574.00
2012-10-31 29,708.00 4,959.00 8,439.00
2012-07-31 29,165.00 5,002.00 7,306.00
2012-04-30 28,793.00 5,007.00 7,059.00
  • Pigeon has no debt.
  • Pigeon has no debt compared to 5 years ago when it was 8.7%.
  • Pigeon has no debt, it does not need to be covered by operating cash flow.
  • Pigeon has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Pigeon'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. Pigeon 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 Pigeon'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
1.49%
Current annual income from Pigeon dividends. Estimated to be 1.73% next year.
If you bought $2,000 of Pigeon shares you are expected to receive $30 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?
  • Pigeon's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • Pigeon's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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:PIGE.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 10 Analyst Estimates (S&P Global) See Below
United States of America Household Products Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 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:PIGE.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 115.50 2.00
2022-12-31 103.00 2.00
2021-12-31 84.67 9.00
2021-01-31
2020-12-31 77.67 9.00
2020-01-31
2019-12-31 70.33 9.00
OTCPK:PIGE.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-03-04 70.000 1.570
2018-04-27 68.000 1.338
2018-03-05 68.000 1.445
2017-12-08 62.000 1.419
2017-12-04 62.000 1.399
2017-09-08 62.000 1.550
2017-09-04 62.000 1.546
2017-04-28 56.000 1.406
2017-03-06 56.000 1.595
2016-12-09 44.000 1.443
2016-12-05 50.000 1.834
2016-09-09 50.000 1.716
2016-09-05 50.000 1.748
2016-04-28 44.000 1.546
2016-03-07 44.000 1.545
2015-12-07 40.000 1.522
2015-09-07 40.000 1.300
2015-06-01 36.000 1.004
2015-04-30 36.000 1.112
2015-03-02 36.000 1.131
2014-12-01 32.333 1.327
2014-09-01 30.000 1.390
2014-06-02 30.000 1.579
2014-04-28 30.000 1.982
2014-03-03 30.000 1.986
2013-12-02 23.333 1.470
2013-09-02 23.333 1.422
2013-06-03 20.333 1.434
2013-04-26 23.667 1.757
2013-03-04 20.333 1.790
2012-12-07 14.667 1.924
2012-12-03 14.667 2.274
2012-09-14 14.667 2.491
2012-09-05 14.667 2.486
2012-06-04 14.667 2.555
2012-04-04 14.667 2.828
2012-03-05 14.667 2.919
2011-12-15 14.667 2.976
2011-12-05 14.667 2.940
2011-09-14 14.667 2.977
2011-09-05 14.667 3.080
2011-06-06 14.667 3.209
2011-03-07 14.667 3.300
2010-12-15 14.667 3.405
2010-12-06 14.667 3.315
2010-09-13 14.667 3.383
2010-09-01 14.667 3.445
2010-06-03 14.667 2.730
2010-04-30 14.667 2.706
2010-03-05 14.667 2.543
2009-12-15 10.667 1.787
2009-12-04 10.667 1.726
2009-09-14 10.667 1.829
2009-09-01 10.667 1.770
2009-06-15 10.667 1.943
2009-06-03 10.667 2.390
2009-04-30 10.667 2.620
2009-04-23 10.667 2.633

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 Pigeon's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x 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 Pigeon'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 Pigeon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pigeon 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 Pigeon'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
Akio Okoshi
TENURE AS CEO 6.3 years
CEO Bio

Mr. Akio Okoshi has been the Chairman of Pigeon Corporation since April 2013 and serves as its Chief Executive Officer of Pigeon Corporation since January 16,2016. Mr. Okoshi served as the President, Chief Operating Officer and Managing Officer of Pigeon Corp. He served as a Vice President and Representative Director, Light Shokai Co., Ltd. since September 1989. He served as Manager, Sales, Industrial Materials Department, Plus Corporation (now J-Film Corporation) since August 1998. He served as Managing Director of Plus Corporation (now J-Film Corporation) since April 2006.

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

Average tenure of the Pigeon management team in years:

5
Average Tenure
  • The average tenure for the Pigeon management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Akio Okoshi

TITLE
Chairman & CEO
TENURE
6.3 yrs

Shigeru Yamashita

TITLE
President
AGE
60
TENURE
6 yrs

Hiroyasu Maki

TITLE
Managing Officer and Accounting & Finance Division Manager

Koji Ishigami

TITLE
Managing Officer and Human Resources & General Affairs Division Manager

Yasunori Kurachi

TITLE
Managing Executive Officer
TENURE
8 yrs

Eiji Akamatsu

TITLE
Senior Managing Executive Officer
TENURE
5 yrs

Norimasa Kitazawa

TITLE
China Business Division Manager

Tadashi Itakura

TITLE
Managing Executive Officer
TENURE
5 yrs

Yusuke Nakata

TITLE
Senior Managing Officer & Singapore Business Division Manager
TENURE
2.3 yrs

Tsutomu Matsunaga

TITLE
Managing Officer & Business Strategy Division Manager
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Pigeon board of directors in years:

6
Average Tenure
  • The tenure for the Pigeon board of directors is about average.
Board of Directors

Akio Okoshi

TITLE
Chairman & CEO
TENURE
6 yrs

Shigeru Yamashita

TITLE
President
AGE
60
TENURE
10 yrs

Yasunori Kurachi

TITLE
Managing Executive Officer
TENURE
6 yrs

Eiji Akamatsu

TITLE
Senior Managing Executive Officer
TENURE
8 yrs

Norimasa Kitazawa

TITLE
China Business Division Manager
TENURE
7 yrs

Tadashi Itakura

TITLE
Managing Executive Officer
TENURE
5 yrs

Kevin Vyse-Peacock

TITLE
Executive Officer & Director
TENURE
3 yrs

Yoichi Nakata

TITLE
Executive Advisor & Director
TENURE
50.1 yrs

Takayuki Nitta

TITLE
Outside Director
TENURE
4 yrs

Rehito Hatoyama

TITLE
Outside Director
AGE
44
TENURE
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 Pigeon'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. Pigeon 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

Pigeon Corporation manufactures, sells, imports, and exports baby and child-care products, maternity items, women’s care products, home healthcare products, elder care products, etc. in Japan and internationally. The company operates through Domestic Baby & Mother Care Business, Child Care Service Business, Health & Elder Care Business, Overseas Business, China Business, and Other segments. It offers breastfeeding, weaning, skincare, women’s care, and large-sized products for babies, as well as other products for babies and mothers. The company also provides child-rearing support, babysitter dispatch, event child-care, and preschool education services; and operates child-minding facilities and daycare centers. In addition, it offers elder care and anti-aging products, and elder care support services; and baby and mother related products, such as nursing bottles and nipples, toiletries, and skincare products. The company was formerly known as Pigeon Honyuki Honpo Corporation and changed its name to Pigeon Corporation in 1966. Pigeon Corporation was founded in 1949 and is headquartered in Tokyo, Japan.

Details
Name: Pigeon Corporation
PIGE.F
Exchange: OTCPK
Founded: 1949
¥5,039,518,299
119,760,782
Website: http://www.pigeon.co.jp
Address: Pigeon Corporation
4-4, Nihonbashi Hisamatsu-cho,
Chuo-ku,
Tokyo,
103-8480,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7956 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK PIGE.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
OTCPK PGEN.Y UNSPONSORD ADR Pink Sheets LLC US USD 28. Oct 2011
Number of employees
Current staff
Staff numbers
2,931
Pigeon employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:04
End of day share price update: 2019/01/22 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/03/04
Last earnings reported: 2019/01/31
Last annual earnings reported: 2019/01/31


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.