OTCPK:TKOM.F

Stock Analysis Report

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Executive Summary

Tokio Marine Holdings, Inc. engages in non-life and life insurance, and financial and general businesses worldwide.

Rewards

Trading at 21.8% below our estimate of its fair value

Earnings are forecast to grow 15.82% per year

Pays a reliable dividend of 4.11%

Risk Analysis

No risks detected for TKOM.F from our risk checks.


Snowflake Analysis

Undervalued average dividend payer.


Similar Companies

Share Price & News

How has Tokio Marine Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

TKOM.F

-0.05%

US Insurance

0.5%

US Market


1 Year Return

-15.0%

TKOM.F

-11.2%

US Insurance

18.0%

US Market

Return vs Industry: TKOM.F underperformed the US Insurance industry which returned -11.2% over the past year.

Return vs Market: TKOM.F underperformed the US Market which returned 18% over the past year.


Shareholder returns

TKOM.FIndustryMarket
7 Day0%-0.05%0.5%
30 Day-2.6%3.3%4.5%
90 Dayn/a21.0%19.7%
1 Year-15.0%-15.0%-8.9%-11.2%20.5%18.0%
3 Year7.5%7.5%6.9%-1.1%46.3%36.8%
5 Year9.4%9.4%43.3%25.4%87.2%66.8%

Price Volatility Vs. Market

How volatile is Tokio Marine Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tokio Marine Holdings undervalued compared to its fair value and its price relative to the market?

21.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TKOM.F ($43.58) is trading below our estimate of fair value ($55.76)

Significantly Below Fair Value: TKOM.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TKOM.F is good value based on its PE Ratio (13.8x) compared to the US Insurance industry average (14.4x).

PE vs Market: TKOM.F is good value based on its PE Ratio (13.8x) compared to the US market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: TKOM.F is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: TKOM.F is overvalued based on its PB Ratio (1x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

How is Tokio Marine Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TKOM.F's forecast earnings growth (15.8% per year) is above the savings rate (2.2%).

Earnings vs Market: TKOM.F's earnings (15.8% per year) are forecast to grow slower than the US market (24.2% per year).

High Growth Earnings: TKOM.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: TKOM.F's revenue (3.1% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: TKOM.F's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TKOM.F's Return on Equity is forecast to be low in 3 years time (9.8%).


Next Steps

Past Performance

How has Tokio Marine Holdings performed over the past 5 years?

3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TKOM.F has high quality earnings.

Growing Profit Margin: TKOM.F's current net profit margins (4.6%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: TKOM.F's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: TKOM.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: TKOM.F had negative earnings growth (-13.9%) over the past year, making it difficult to compare to the Insurance industry average (-3.6%).


Return on Equity

High ROE: TKOM.F's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is Tokio Marine Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TKOM.F's short term assets (¥832.3B) do not cover its short term liabilities (¥2,984.1B).

Long Term Liabilities: TKOM.F's short term assets (¥832.3B) do not cover its long term liabilities (¥18,613.6B).


Debt to Equity History and Analysis

Debt Level: TKOM.F's debt to equity ratio (7.2%) is considered satisfactory.

Reducing Debt: TKOM.F's debt to equity ratio has increased from 3% to 7.2% over the past 5 years.

Debt Coverage: TKOM.F's debt is well covered by operating cash flow (411.1%).

Interest Coverage: TKOM.F's interest payments on its debt are well covered by EBIT (20x coverage).


Balance Sheet


Next Steps

Dividend

What is Tokio Marine Holdings's current dividend yield, its reliability and sustainability?

4.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TKOM.F's dividend (4.11%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: TKOM.F's dividend (4.11%) is low compared to the top 25% of dividend payers in the US market (4.32%).


Stability and Growth of Payments

Stable Dividend: TKOM.F's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54%), TKOM.F's dividend payments are 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

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

3.3yrs

Average management tenure


CEO

Satoru Komiya (60 yo)

1.17yrs

Tenure

Mr. Satoru Komiya has been Group Chief Culture Officer at Tokio Marine Holdings, Inc. since 2019 and serves as its President & Group Chief Executive Officer since June 2019. Mr. Komiya is a Chairman of Tok ...


Leadership Team

NamePositionTenureCompensationOwnership
Satoru Komiya
President1.17yrsno data0.0017%
¥ 552.2k
Takayuki Yuasa
Executive VP5.17yrsno data0.0019%
¥ 622.4k
Donald Sherman
Senior Managing Executive Officer & Group Co-Chief Investment Officer3.83yrsno datano data
Yoshinari Endo
MD, Group Chief Investment Officer & Director0.17yrno data0.0011%
¥ 347.9k
Yuichi Takeda
Executive Officer and General Manager of Corporate Accounting Department3.33yrsno datano data
Narimasa Tokugawa
Executive Officer and General Manager of Corporate Administration Department 3.33yrsno datano data
Taizou Ishiguro
Group Leader of Corporate Communications & Investor Relations Groupno datano datano data
Kenji Okada
MD, Group Chief Legal & Compliance Officer1.17yrsno data0.0011%
¥ 338.3k
Kazuhiko Nakamura
Managing Executive Officer3.17yrsno datano data
Ian Brimecome
Senior Managing Executive Officer5.33yrsno datano data
Akira Harashima
Senior MD1.17yrsno data0.0011%
¥ 347.9k
Makoto Okada
Group Chief Strategy & Synergy Officer and Group Chief Digital Officer2.33yrsno data0.00095%
¥ 303.2k

3.3yrs

Average Tenure

60yo

Average Age

Experienced Management: TKOM.F's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Satoru Komiya
President1.17yrsno data0.0017%
¥ 552.2k
Takayuki Yuasa
Executive VP5.17yrsno data0.0019%
¥ 622.4k
Yoshinari Endo
MD, Group Chief Investment Officer & Director0.17yrno data0.0011%
¥ 347.9k
Kenji Okada
MD, Group Chief Legal & Compliance Officer1.17yrsno data0.0011%
¥ 338.3k
Akira Harashima
Senior MD1.17yrsno data0.0011%
¥ 347.9k
Tadashi Handa
Senior MD0.17yrno data0.0011%
¥ 351.1k
Akio Mimura
Independent Outside Director10.17yrsno data0.00097%
¥ 309.6k
Takashi Mitachi
Independent Outside Director3.17yrsno data0.000010%
¥ 3.2k
Endo Nobuhiro
Independent Outside Director1.17yrsno data0.000030%
¥ 9.6k
Tsuyoshi Nagano
Chairman of the Board1.17yrsJP¥144.00m0.0040%
¥ 1.3m
Masako Egawa
Independent Outside Director5.17yrsno data0.00046%
¥ 146.8k
Shinichi Hirose
Director1.17yrsno data0.0028%
¥ 887.4k

1.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: TKOM.F's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


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

Tokio Marine Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tokio Marine Holdings, Inc.
  • Ticker: TKOM.F
  • Exchange: OTCPK
  • Founded: 2002
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: JP¥3.399t
  • Listing Market Cap: JP¥31.919b
  • Shares outstanding: 698.05m
  • Website: https://www.tokiomarinehd.com

Number of Employees


Location

  • Tokio Marine Holdings, Inc.
  • 1-2-1 Marunouchi
  • Chiyoda-ku
  • Tokyo
  • 100-0005
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8766TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1975
MH6DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975
TKOM.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1975
TKOM.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 1980

Biography

Tokio Marine Holdings, Inc. engages in non-life and life insurance, and financial and general businesses worldwide. The company operates through four segments: Domestic Non-Life Insurance, Domestic Life In ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 05:42
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.