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Brother Industries

OTCPK:BRTH.F
Snowflake Description

Excellent balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRTH.F
OTCPK
¥525B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Brother Industries, Ltd. manufactures and sells communications and printing equipment in Japan, the Americas, Europe, the Middle East, Africa, rest of Asia, Oceania, and internationally. The last earnings update was 36 days ago. More info.


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BRTH.F Share Price and Events
7 Day Returns
0%
OTCPK:BRTH.F
2.9%
US Tech
1.2%
US Market
1 Year Returns
-
OTCPK:BRTH.F
3.1%
US Tech
3%
US Market
BRTH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brother Industries (BRTH.F) 0% - - - - -
US Tech 2.9% 8.7% 16.8% 3.1% 64.8% 107.3%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • No trading data on BRTH.F.
  • No trading data on BRTH.F.
Price Volatility
BRTH.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Brother Industries 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 Brother Industries 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 Brother Industries.

OTCPK:BRTH.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 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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:BRTH.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 30.86%) (18.5%))
1.106
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.106 * 5.96%)
9.32%

Discounted Cash Flow Calculation for OTCPK:BRTH.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Brother Industries 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:BRTH.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.32%)
2019 49,967.60 Analyst x5 45,707.54
2020 55,800.80 Analyst x5 46,691.64
2021 57,783.40 Analyst x5 44,228.39
2022 56,337.00 Analyst x1 39,444.92
2023 61,674.00 Analyst x1 39,500.16
2024 63,385.85 Est @ 2.78% 37,135.43
2025 65,136.54 Est @ 2.76% 34,907.61
2026 66,929.34 Est @ 2.75% 32,810.38
2027 68,766.99 Est @ 2.75% 30,837.14
2028 70,651.86 Est @ 2.74% 28,981.25
Present value of next 10 years cash flows ¥380,244.45
OTCPK:BRTH.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥70,651.86 × (1 + 2.73%) ÷ (9.32% – 2.73%)
¥1,101,332.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,101,332.30 ÷ (1 + 9.32%)10
¥451,764.22
OTCPK:BRTH.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥380,244.45 + ¥451,764.22
¥832,008.68
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥832,008.68 / 259.73
¥3203.37
OTCPK:BRTH.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BRTH.F represents 0.00915x of TSE:6448
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00915x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,203.37 x 0.00915
$29.31
Value per share (USD) From above. $29.31
Current discount Discount to share price of $18.50
= -1 x ($18.50 - $29.31) / $29.31
36.9%

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

Current Discount
Amount off the current price Brother Industries is available for.
Intrinsic value
37%
Share price is $18.5 vs Future cash flow value of $29.31
Current Discount Checks
For Brother Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brother Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brother Industries's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Brother Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brother Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BRTH.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥222.14
TSE:6448 Share Price ** TSE (2019-02-28) in JPY ¥2022
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 16.8x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Brother Industries.

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

= TSE:6448 Share Price ÷ EPS (both in JPY)

= 2022 ÷ 222.14

9.1x

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

  • Brother Industries is good value based on earnings compared to the US Tech industry average.
  • Brother Industries is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Brother Industries's expected growth come at a high price?
Raw Data
OTCPK:BRTH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
0.9%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 1.09x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.1x ÷ 0.9%

9.79x

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

  • Brother Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Brother Industries's assets?
Raw Data
OTCPK:BRTH.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,586.53
TSE:6448 Share Price * TSE (2019-02-28) in JPY ¥2022
United States of America Tech Industry PB Ratio Median Figure of 37 Publicly-Listed Tech Companies 1.87x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:BRTH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6448 Share Price ÷ Book Value per Share (both in JPY)

= 2022 ÷ 1,586.53

1.27x

* Primary Listing of Brother Industries.

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

  • Brother Industries is good value based on assets compared to the US Tech industry average.
X
Value checks
We assess Brother Industries'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Brother Industries has a total score of 4/6, 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 Brother Industries expected to perform in the next 1 to 3 years based on estimates from 6 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
0.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brother Industries expected to grow at an attractive rate?
  • Brother Industries's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Brother Industries's earnings growth is positive but not above the United States of America market average.
  • Brother Industries's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BRTH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BRTH.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 0.9%
OTCPK:BRTH.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:BRTH.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 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BRTH.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 719,850 96,674 59,873 2
2022-03-31 710,550 91,337 56,600 2
2021-03-31 700,150 90,183 54,123 6
2020-03-31 685,667 88,401 51,800 6
2019-03-31 690,617 82,268 54,783 6
OTCPK:BRTH.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 700,652 75,603 57,690
2018-09-30 710,286 71,546 55,891
2018-06-30 716,364 85,906 57,439
2018-03-31 712,997 81,817 50,020
2017-12-31 698,480 89,196 47,413
2017-09-30 677,315 93,896 42,933
2017-06-30 651,385 85,258 41,050
2017-03-31 641,185 99,155 47,242
2016-12-31 653,093 44,341
2016-09-30 685,092 80,144 44,649
2016-06-30 726,366 39,441
2016-03-31 745,888 49,241 31,017

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brother Industries's earnings are expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
  • Brother Industries's revenue is expected to grow by 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:BRTH.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 6 Analyst Estimates (S&P Global) See Below

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

OTCPK:BRTH.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 230.50 230.50 230.50 1.00
2022-03-31 217.90 217.90 217.90 1.00
2021-03-31 207.23 223.30 196.55 7.00
2020-03-31 199.19 204.10 191.39 7.00
2019-03-31 210.74 219.50 199.10 7.00
OTCPK:BRTH.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 222.14
2018-09-30 215.22
2018-06-30 221.19
2018-03-31 192.63
2017-12-31 182.59
2017-09-30 165.35
2017-06-30 158.10
2017-03-31 181.96
2016-12-31 170.78
2016-09-30 171.97
2016-06-30 151.91
2016-03-31 119.47

*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.
  • Brother Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Brother Industries'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.
Brother Industries has a total score of 0/6, 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 Brother Industries 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 Brother Industries's growth in the last year to its industry (Tech).
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.
  • Brother Industries's year on year earnings growth rate has been positive over the past 5 years.
  • Brother Industries's 1-year earnings growth exceeds its 5-year average (21.7% vs 10.2%)
  • Brother Industries's earnings growth has not exceeded the US Tech industry average in the past year (21.7% vs 94.9%).
Earnings and Revenue History
Brother Industries'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 Brother Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BRTH.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 700,652.00 57,690.00 209,347.00
2018-09-30 710,286.00 55,891.00 210,521.00
2018-06-30 716,364.00 57,439.00 211,095.00
2018-03-31 712,997.00 50,020.00 211,487.00
2017-12-31 698,480.00 47,413.00 210,483.00
2017-09-30 677,315.00 42,933.00 205,525.00
2017-06-30 651,385.00 41,050.00 202,122.00
2017-03-31 641,185.00 47,242.00 200,979.00
2016-12-31 653,093.00 44,341.00 209,704.00
2016-09-30 685,092.00 44,649.00 236,727.00
2016-06-30 726,366.00 39,441.00 263,749.00
2016-03-31 745,888.00 31,017.00 276,997.00
2015-12-31 755,477.00 31,259.00 283,119.00
2015-09-30 753,631.00 30,206.00 274,711.00
2015-06-30 723,851.00 31,495.00 257,505.00
2015-03-31 707,237.00 53,969.00 247,484.00
2014-12-31 686,416.00 55,490.00 247,852.00
2014-09-30 653,152.00 49,908.00 237,185.00
2014-06-30 637,959.00 47,273.00 230,367.00
2014-03-31 616,835.00 19,221.00 224,519.00
2013-12-31 590,644.00 17,389.00 205,260.00
2013-09-30 559,896.00 9,421.00 193,908.00
2013-06-30 534,712.00 8,862.00 184,607.00
2013-03-31 516,067.00 17,826.00 186,284.00
2012-12-31 501,839.00 12,585.00 174,938.00
2012-09-30 495,353.00 20,810.00 173,301.00
2012-06-30 495,283.00 23,258.00 172,668.00
2012-03-31 497,390.00 19,525.00 172,728.00

*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.
  • Brother Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brother Industries used its assets less efficiently than the US Tech industry average last year based on Return on Assets.
  • Brother Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brother Industries'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 Tech 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.
Brother Industries has a total score of 3/6, 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 Brother Industries'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 Brother Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brother Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brother Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Brother Industries'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.
  • Debt is covered by short term assets, assets are 3.8x debt.
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 Brother Industries Company Filings, last reported 2 months ago.

OTCPK:BRTH.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 428,879.00 97,156.00 110,680.00
2018-09-30 437,670.00 118,055.00 131,153.00
2018-06-30 416,666.00 117,038.00 120,089.00
2018-03-31 412,494.00 121,023.00 121,384.00
2017-12-31 414,751.00 122,255.00 109,213.00
2017-09-30 400,977.00 118,365.00 105,985.00
2017-06-30 376,280.00 137,483.00 109,117.00
2017-03-31 361,708.00 141,863.00 112,032.00
2016-12-31 362,076.00 149,552.00 95,959.00
2016-09-30 313,877.00 139,078.00 77,757.00
2016-06-30 311,064.00 146,151.00 65,294.00
2016-03-31 339,722.00 158,439.00 79,408.00
2015-12-31 367,516.00 186,583.00 94,628.00
2015-09-30 365,433.00 180,403.00 87,364.00
2015-06-30 379,216.00 175,725.00 81,057.00
2015-03-31 367,282.00 15,481.00 110,864.00
2014-12-31 371,706.00 13,446.00 101,806.00
2014-09-30 345,861.00 13,095.00 90,182.00
2014-06-30 330,266.00 14,315.00 88,594.00
2014-03-31 308,310.00 17,387.00 74,376.00
2013-12-31 313,210.00 23,656.00 81,638.00
2013-09-30 294,061.00 19,305.00 73,290.00
2013-06-30 286,765.00 22,323.00 73,775.00
2013-03-31 278,771.00 22,675.00 62,326.00
2012-12-31 245,560.00 19,759.00 54,408.00
2012-09-30 232,395.00 14,479.00 51,752.00
2012-06-30 229,057.00 19,922.00 56,628.00
2012-03-31 231,424.00 19,966.00 60,417.00
  • Brother Industries's level of debt (22.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.5% vs 22.7% today).
  • Debt is well covered by operating cash flow (77.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 378.9x coverage).
X
Financial health checks
We assess Brother Industries'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. Brother Industries has a total score of 5/6, 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 Brother Industries'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
2.97%
Current annual income from Brother Industries dividends. Estimated to be 3.12% next year.
If you bought $2,000 of Brother Industries shares you are expected to receive $59 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?
  • Brother Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Brother Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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:BRTH.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 6 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
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:BRTH.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 69.00 1.00
2022-03-31 66.00 1.00
2021-03-31 64.71 7.00
2020-03-31 62.57 7.00
2019-03-31 60.43 7.00
OTCPK:BRTH.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 60.000 2.919
2019-02-06 60.000 2.968
2018-11-13 60.000 3.387
2018-11-06 60.000 3.129
2018-05-17 60.000 2.711
2018-02-14 48.000 1.933
2018-02-07 48.000 1.888
2017-11-14 48.000 1.687
2017-11-07 48.000 1.611
2017-05-19 48.000 1.822
2017-02-14 36.000 1.596
2017-02-08 36.000 1.802
2016-11-14 36.000 1.746
2016-11-07 36.000 1.831
2016-06-27 36.000 2.446
2016-05-09 36.000 2.948
2016-02-12 36.000 2.839
2016-02-02 36.000 3.110
2015-11-13 36.000 2.630
2015-11-02 36.000 2.407
2015-08-03 36.000 2.214
2015-06-24 30.000 1.748
2015-05-07 30.000 1.590
2015-02-12 30.000 1.538
2015-02-04 30.000 1.559
2014-11-13 30.000 1.401
2014-11-04 30.000 1.458
2014-08-04 30.000 1.543
2014-05-08 30.000 1.764
2014-02-13 24.000 1.695
2014-02-04 24.000 1.814
2013-11-05 24.000 1.873
2013-08-06 24.000 2.213
2013-06-26 24.000 2.082
2013-05-09 24.000 2.061
2013-02-13 24.000 2.362
2013-02-05 24.000 2.452
2012-11-12 24.000 2.807
2012-11-01 24.000 3.225
2012-08-02 24.000 3.101
2012-06-27 24.000 2.967
2012-05-07 24.000 2.679
2012-02-13 24.000 2.233
2012-02-01 24.000 2.432
2011-11-11 24.000 2.432
2011-10-31 24.000 2.346
2011-08-01 24.000 2.464
2011-05-06 24.000 2.082
2010-11-01 24.000 1.961
2010-08-02 20.000 2.023
2010-07-29 20.000 2.134
2010-06-24 18.000 1.926
2010-05-10 20.000 1.961
2010-02-01 16.000 1.487
2009-11-12 16.000 1.576
2009-10-30 16.000 1.617
2009-04-30 16.000 1.728
2009-03-23 24.000 3.019

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 Brother Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x 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 Brother Industries'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 Brother Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brother Industries 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 Brother Industries'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
Ichiro Sasaki
AGE 61
TENURE AS CEO 0.8 years
CEO Bio

Mr. Ichiro Sasaki has been President & Representative Director at Brother Industries, Ltd. since June 26, 2018. Mr. Ichiro Sasaki served as the Sr. Managing Executive Officer, Head of Domino Bus & Industrial Printing Bus Div. and Representative Director at Brother Industries, Ltd. Since April 2017 until June 26, 2018.. He is In charge of Industrial System Sales & Marketing Dept. (Industrial Printing Business Division), New Technology Development Dept. (Industrial Printing Business Division), New Business Development Dept. Mr. Sasaki served Managing Executive Officer of Brother Industries, Ltd. since April 2013 and served as its Executive Officer since April 2009. and Head of Service & Solutions Business. Mr. Sasaki served as Manager, NID Development Department, Brother Industries, Ltd since April 2008. He served as Managing Director of Brother International Corporation (UK) Ltd. Since January 2005 and served as its General Manager, NID Development Dept. since April 2008. He served as President, Brother U.K. since October 2004. Mr. Sasaki Joined Brother Industries, Ltd. in April 1983. He has been Representative Director of Brother Industries, Ltd. since June 2014. He holds Master of Engineering at Nagoya University (Aichi, Japan) in March 1983.

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

Ichiro Sasaki

TITLE
Representative Director & President
AGE
61
TENURE
0.8 yrs

Mitsuyasu Kyuno

TITLE
Managing Exec. Officer and Head of Personal & Home Business Division

Jun Kamiya

TITLE
Managing Exec. Officer

Tasuku Kawanabe

TITLE
Senior Managing Exec. Officer
AGE
62

Tadashi Ishiguro

TITLE
Senior Managing Exec. Officer

Yuichi Tada

TITLE
Managing Exec. Officer

Masahiko Suzuki

TITLE
Executive Officer

Yumio Matsumoto

TITLE
Managing Executive Officer

Yuji Miwa

TITLE
Group Managing Executive Officer

Chikamasa Hattori

TITLE
Managing Executive Officer
Board of Directors Tenure

Average tenure and age of the Brother Industries board of directors in years:

4.8
Average Tenure
67
Average Age
  • The tenure for the Brother Industries board of directors is about average.
Board of Directors

Terry Koike

TITLE
Chairman
AGE
63
TENURE
0.8 yrs

Ichiro Sasaki

TITLE
Representative Director & President
AGE
61
TENURE
4.8 yrs

Jun Kamiya

TITLE
Managing Exec. Officer
TENURE
4.8 yrs

Tasuku Kawanabe

TITLE
Senior Managing Exec. Officer
AGE
62

Tadashi Ishiguro

TITLE
Senior Managing Exec. Officer
TENURE
4.8 yrs

Yuichi Tada

TITLE
Managing Exec. Officer

Atsushi Nishijo

TITLE
Outside Director
AGE
76
TENURE
8.8 yrs

Koichi Fukaya

TITLE
Outside Director
AGE
75
TENURE
6.8 yrs

Shigehiko Hattori

TITLE
Outside Director
AGE
77
TENURE
6.8 yrs

Kazunari Uchida

TITLE
Member of Independent Advisory Committee
AGE
67
TENURE
4.8 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 Brother Industries'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. Brother Industries 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

Brother Industries, Ltd. manufactures and sells communications and printing equipment in Japan, the Americas, Europe, the Middle East, Africa, rest of Asia, Oceania, and internationally. It operates through Printing & Solutions Business, Personal & Home Business, Machinery Business, Network & Contents Business, and Domino Business segments. The Printing & Solutions Business segment offers laser and inkjet printers; all-in-one black-and-white laser and color printers; fax machines and scanners; and electronic stationary comprising labeling systems, and label and mobile printers. The Personal & Home Business segment provides home sewing and cutting machines, sewing and embroidery machines, and commercial embroidery machines. The Machinery Business segment offers industrial sewing machines, machine tools, and garment printers, as well as industrial parts, such as reducers and gears. The Network & Contents Business segment provides online karaoke systems, music boxes, applications for smartphones/tablets, health care supporting equipment, and content services, as well as manages Karaoke clubs. The Domino Business segment offers cording and marking equipment, digital printing equipment, etc. The company was formerly known as Nippon Sewing Machine Manufacturing Co. and changed its name to Brother Industries, Ltd. in 1962. Brother Industries, Ltd. was founded in 1908 and is headquartered in Nagoya, Japan.

Details
Name: Brother Industries, Ltd.
BRTH.F
Exchange: OTCPK
Founded: 1908
¥4,713,243,075
259,729,530
Website: http://global.brother
Address: Brother Industries, Ltd.
15-1, Naeshiro-cho,
Mizuho-ku,
Nagoya,
Aichi, 467-8561,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6448 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK BRTH.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB BI5 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK BRTH.Y ADR Pink Sheets LLC US USD 19. Nov 1992
Number of employees
Current staff
Staff numbers
38,628
Brother Industries employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:02
End of day share price update: 2019/02/28 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.