OTCPK:TYTM.F

Stock Analysis Report

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Executive Summary

Tokyo Tatemono Co., Ltd. operates as a real estate company in Japan.


Snowflake Analysis

Solid track record and fair value.


Similar Companies

Share Price & News

How has Tokyo Tatemono's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

TYTM.F

14.7%

US Real Estate

3.8%

US Market


1 Year Return

n/a

TYTM.F

-7.5%

US Real Estate

9.7%

US Market

Return vs Industry: Insufficient data to determine how TYTM.F performed against the US Real Estate industry.

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


Shareholder returns

TYTM.FIndustryMarket
7 Day0%14.7%3.8%
30 Day0%26.7%11.4%
90 Dayn/a-13.3%6.8%
1 Yearn/a-6.9%-7.5%12.1%9.7%
3 Yearn/a-6.5%-8.6%36.2%27.2%
5 Year40.1%40.1%-13.8%-16.5%63.7%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Tokyo Tatemono undervalued compared to its fair value and its price relative to the market?

10.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TYTM.F ($9.92) is trading above our estimate of fair value ($3.1)

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


Price To Earnings Ratio

PE vs Industry: TYTM.F is good value based on its PE Ratio (10.7x) compared to the Real Estate industry average (16.1x).

PE vs Market: TYTM.F is good value based on its PE Ratio (10.7x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: TYTM.F is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: TYTM.F is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Tokyo Tatemono forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

7.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TYTM.F's forecast earnings growth (7% per year) is above the savings rate (2.2%).

Earnings vs Market: TYTM.F's earnings (7% per year) are forecast to grow slower than the US market (22.3% per year).

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

Revenue vs Market: TYTM.F's revenue (3.7% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: TYTM.F's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TYTM.F's Return on Equity is forecast to be low in 3 years time (8%).


Next Steps

Past Performance

How has Tokyo Tatemono performed over the past 5 years?

16.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TYTM.F has high quality earnings.

Growing Profit Margin: TYTM.F's current net profit margins (8.3%) are higher than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: TYTM.F's earnings have grown by 16.3% per year over the past 5 years.

Accelerating Growth: TYTM.F's earnings growth over the past year (27.7%) exceeds its 5-year average (16.3% per year).

Earnings vs Industry: TYTM.F earnings growth over the past year (27.7%) exceeded the Real Estate industry -6.4%.


Return on Equity

High ROE: TYTM.F's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is Tokyo Tatemono's financial position?


Financial Position Analysis

Short Term Liabilities: TYTM.F's short term assets (¥432.4B) exceed its short term liabilities (¥218.1B).

Long Term Liabilities: TYTM.F's short term assets (¥432.4B) do not cover its long term liabilities (¥967.5B).


Debt to Equity History and Analysis

Debt Level: TYTM.F's debt to equity ratio (256.3%) is considered high.

Reducing Debt: TYTM.F's debt to equity ratio has increased from 241.6% to 256.3% over the past 5 years.

Debt Coverage: TYTM.F's debt is not well covered by operating cash flow (2.6%).

Interest Coverage: TYTM.F's interest payments on its debt are well covered by EBIT (12.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Tokyo Tatemono's current dividend yield, its reliability and sustainability?

3.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TYTM.F's dividend (3.15%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: TYTM.F's dividend (3.15%) is low compared to the top 25% of dividend payers in the US market (4.32%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.7%), TYTM.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

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

3.3yrs

Average board tenure


CEO

Hitoshi Nomura (61yo)

3.42yrs

Tenure

Mr. Hitoshi Nomura has been Chief Executive Officer and President of Tokyo Tatemono Co., Ltd since January 1, 2019 and is its Representative Director since March 2008. He joined Tokyo Tatemono Co., Ltd. (t ...


Board Members

NamePositionTenureCompensationOwnership
Hitoshi Nomura
President3.42yrsno data0.0057% ¥157.3k
Katsuhito Ozawa
Executive Managing Officer3.25yrsno data0.0043% ¥118.1k
Kengo Fukui
Senior Executive Managing Officer5.42yrsno data0.014% ¥393.2k
Akira Izumi
Executive Managing Officer & Director3.25yrsno datano data
Hisatoshi Kato
Executive Managing Officer & Director1.25yrsno data0.0029% ¥78.6k
Hideshi Akita
Executive Managing Officer & Director1.25yrsno data0.0019% ¥52.3k
Masami Kamo
Senior Executive Managing Officer7.25yrsno data0.010% ¥275.4k
Shuichi Hattori
Independent External Director1.25yrsno data0.00048% ¥13.2k
Makio Tanehashi
Chairman1.25yrsno data0.0053% ¥144.1k
Yoshiyuki Imai
Independent External Director3.25yrsno datano data

3.3yrs

Average Tenure

59.5yo

Average Age

Experienced Board: TYTM.F's board of directors are considered experienced (3.3 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

Tokyo Tatemono Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tokyo Tatemono Co., Ltd.
  • Ticker: TYTM.F
  • Exchange: OTCPK
  • Founded: 1896
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: JP¥298.691b
  • Listing Market Cap: JP¥2.740b
  • Shares outstanding: 209.02m
  • Website: https://www.tatemono.com

Number of Employees


Location

  • Tokyo Tatemono Co., Ltd.
  • Tokyo Tatemono Head Office Building
  • 1-9-9 Yaesu
  • Tokyo
  • 103-8285
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8804TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
T6RDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
TYTM.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Tokyo Tatemono Co., Ltd. operates as a real estate company in Japan. It engages in the development, management, and rental of office buildings, commercial facilities, condominiums, and detached houses. The company also offers real estate sale, brokerage, and consulting services; and develops parking lots. In addition, it engages in resort and asset management businesses. Tokyo Tatemono Co., Ltd. was founded in 1896 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 04:37
End of Day Share Price2020/04/13 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.