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Hosiden

OTCPK:HOIE.F
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HOIE.F
OTCPK
¥53B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Hosiden Corporation manufactures and sells electronics, electrical appliances, auto parts, information telecommunications equipment, office machines, and medical equipment and related parts in Japan and internationally. The last earnings update was 32 days ago. More info.


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HOIE.F Share Price and Events
7 Day Returns
0%
OTCPK:HOIE.F
3%
US Electronic
2.9%
US Market
1 Year Returns
-
OTCPK:HOIE.F
-1%
US Electronic
1.4%
US Market
HOIE.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hosiden (HOIE.F) 0% 0% 0% - - 34.6%
US Electronic 3% 2.9% 17.1% -1% 59% 59.1%
US Market 2.9% 2.4% 9.4% 1.4% 38.2% 42%
1 Year Return vs Industry and Market
  • No trading data on HOIE.F.
  • No trading data on HOIE.F.
Price Volatility
HOIE.F
Industry
5yr Volatility vs Market
Related Companies

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

HOIE.F Value

 Is Hosiden 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 Hosiden 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hosiden.

OTCPK:HOIE.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 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
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:HOIE.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 30.86%) (24.2%))
1.168
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.168 * 5.96%)
9.69%

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

The calculations below outline how an intrinsic value for Hosiden 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:HOIE.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.69%)
2019 13,160.00 Analyst x2 11,997.50
2020 7,857.33 Analyst x3 6,530.48
2021 6,205.00 Analyst x2 4,701.61
2022 5,234.41 Est @ -15.64% 3,615.83
2023 4,704.15 Est @ -10.13% 2,962.48
2024 4,409.09 Est @ -6.27% 2,531.39
2025 4,251.61 Est @ -3.57% 2,225.35
2026 4,180.14 Est @ -1.68% 1,994.67
2027 4,165.18 Est @ -0.36% 1,811.96
2028 4,188.86 Est @ 0.57% 1,661.29
Present value of next 10 years cash flows ¥40,032.55
OTCPK:HOIE.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥4,188.86 × (1 + 2.73%) ÷ (9.69% – 2.73%)
¥61,832.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥61,832.28 ÷ (1 + 9.69%)10
¥24,522.49
OTCPK:HOIE.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥40,032.55 + ¥24,522.49
¥64,555.04
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥64,555.04 / 59.46
¥8.21
OTCPK:HOIE.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HOIE.F represents 0.00756x of TSE:6804
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00756x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,085.72 x 0.00756
$8.21
Value per share (USD) From above. $8.21
Current discount Discount to share price of $6.73
= -1 x ($6.73 - $8.21) / $8.21
18%

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

Current Discount
Amount off the current price Hosiden is available for.
Intrinsic value
18%
Share price is $6.73 vs Future cash flow value of $8.21
Current Discount Checks
For Hosiden to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hosiden's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Hosiden'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 Hosiden's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hosiden's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HOIE.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥148.74
TSE:6804 Share Price ** TSE (2018-12-17) in JPY ¥890
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.59x
United States of America Market PE Ratio Median Figure of 3,053 Publicly-Listed Companies 17.58x

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

** Primary Listing of Hosiden.

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

= TSE:6804 Share Price ÷ EPS (both in JPY)

= 890 ÷ 148.74

5.98x

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

  • Hosiden is good value based on earnings compared to the US Electronic industry average.
  • Hosiden is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hosiden's expected growth come at a high price?
Raw Data
OTCPK:HOIE.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-12.1%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.38x
United States of America Market PEG Ratio Median Figure of 2,106 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.98x ÷ -12.1%

-0.49x

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

  • Hosiden earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hosiden's assets?
Raw Data
OTCPK:HOIE.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,559.72
TSE:6804 Share Price * TSE (2018-12-17) in JPY ¥890
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,155 Publicly-Listed Companies 1.87x
OTCPK:HOIE.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6804 Share Price ÷ Book Value per Share (both in JPY)

= 890 ÷ 1,559.72

0.57x

* Primary Listing of Hosiden.

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

  • Hosiden is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Hosiden'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Hosiden has a total score of 3/6, 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.

HOIE.F Future Performance

 How is Hosiden expected to perform in the next 1 to 3 years based on estimates from 4 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
-12.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hosiden expected to grow at an attractive rate?
  • Hosiden's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hosiden's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Hosiden's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:HOIE.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HOIE.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -12.1%
OTCPK:HOIE.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -4.3%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
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:HOIE.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 4 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HOIE.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 225,875 8,098 7,250 4
2020-03-31 236,950 11,339 7,975 4
2019-03-31 240,533 12,846 9,475 3
OTCPK:HOIE.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 264,262 22,373 8,844
2018-09-30 294,530 1,860 11,415
2018-06-30 305,061 11,927 11,817
2018-03-31 299,440 3,757 10,233
2017-12-31 290,515 -9,910 10,266
2017-09-30 233,526 -7,897 11,450
2017-06-30 178,041 -5,243 6,671
2017-03-31 150,082 -1,572 2,053
2016-12-31 118,311 5,944 -2,616
2016-09-30 119,942 6,955 -9,575
2016-06-30 132,646 4,898 -12,975
2016-03-31 139,949 4,156 -10,698

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hosiden's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hosiden's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:HOIE.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 4 Analyst Estimates (S&P Global) See Below

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

OTCPK:HOIE.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 99.17 123.17 59.90 4.00
2020-03-31 108.76 118.03 94.60 4.00
2019-03-31 140.06 155.70 110.20 4.00
OTCPK:HOIE.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 148.74
2018-09-30 191.98
2018-06-30 198.74
2018-03-31 172.10
2017-12-31 172.17
2017-09-30 190.43
2017-06-30 110.03
2017-03-31 33.59
2016-12-31 -42.56
2016-09-30 -155.79
2016-06-30 -211.11
2016-03-31 -173.64

*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.
  • Hosiden is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hosiden'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.
Hosiden 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.

HOIE.F Past Performance

  How has Hosiden 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 Hosiden's growth in the last year to its industry (Electronic).
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.
  • Hosiden has delivered over 20% year on year earnings growth in the past 5 years.
  • Hosiden's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hosiden's 1-year earnings growth is negative, it can't be compared to the US Electronic industry average.
Earnings and Revenue History
Hosiden'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 Hosiden Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HOIE.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 264,262.00 8,844.00 10,867.00
2018-09-30 294,530.00 11,415.00 11,212.00
2018-06-30 305,061.00 11,817.00 11,292.00
2018-03-31 299,440.00 10,233.00 11,223.00
2017-12-31 290,515.00 10,266.00 11,229.00
2017-09-30 233,526.00 11,450.00 10,824.00
2017-06-30 178,041.00 6,671.00 10,518.00
2017-03-31 150,082.00 2,053.00 10,405.00
2016-12-31 118,311.00 -2,616.00 10,446.00
2016-09-30 119,942.00 -9,575.00 10,639.00
2016-06-30 132,646.00 -12,975.00 10,945.00
2016-03-31 139,949.00 -10,698.00 11,071.00
2015-12-31 152,643.00 -6,847.00 11,334.00
2015-09-30 168,873.00 -3,152.00 11,312.00
2015-06-30 157,027.00 1,932.00 11,365.00
2015-03-31 148,237.00 122.00 11,436.00
2014-12-31 147,958.00 -3,582.00 11,257.00
2014-09-30 169,182.00 -5,222.00 11,175.00
2014-06-30 198,749.00 -6,306.00 10,999.00
2014-03-31 205,148.00 -3,361.00 10,876.00
2013-12-31 220,957.00 2,118.00 10,616.00
2013-09-30 257,896.00 5,857.00 10,535.00
2013-06-30 236,973.00 4,224.00 10,180.00
2013-03-31 230,883.00 2,141.00 9,900.00
2012-12-31 211,366.00 -2,467.00 9,670.00
2012-09-30 161,946.00 -6,183.00 9,785.00
2012-06-30 167,911.00 -5,560.00 10,006.00
2012-03-31 172,936.00 -5,251.00 10,173.00

*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.
  • Hosiden has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hosiden used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Hosiden has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Hosiden'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 Electronic 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.
Hosiden has a total score of 2/6, 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.

HOIE.F Health

 How is Hosiden'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 Hosiden's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hosiden is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hosiden's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hosiden'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 9.1x 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 Hosiden Company Filings, last reported 2 months ago.

OTCPK:HOIE.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 92,738.00 12,807.00 57,907.00
2018-09-30 92,598.00 13,828.00 40,985.00
2018-06-30 88,928.00 14,970.00 56,404.00
2018-03-31 86,992.00 15,201.00 53,187.00
2017-12-31 86,882.00 15,679.00 43,325.00
2017-09-30 82,339.00 15,771.00 45,780.00
2017-06-30 78,398.00 5,504.00 41,001.00
2017-03-31 76,660.00 5,769.00 45,775.00
2016-12-31 77,403.00 5,618.00 50,966.00
2016-09-30 71,918.00 5,527.00 50,821.00
2016-06-30 72,371.00 6,333.00 53,440.00
2016-03-31 76,162.00 6,865.00 54,330.00
2015-12-31 81,084.00 8,594.00 52,018.00
2015-09-30 82,640.00 8,618.00 51,177.00
2015-06-30 87,734.00 8,701.00 54,336.00
2015-03-31 89,917.00 8,275.00 56,141.00
2014-12-31 89,830.00 7,996.00 45,972.00
2014-09-30 89,709.00 7,142.00 55,600.00
2014-06-30 88,941.00 6,950.00 56,903.00
2014-03-31 91,560.00 7,293.00 54,728.00
2013-12-31 95,562.00 7,688.00 39,296.00
2013-09-30 95,065.00 8,403.00 46,909.00
2013-06-30 94,562.00 7,537.00 54,887.00
2013-03-31 93,242.00 5,737.00 50,504.00
2012-12-31 91,323.00 5,347.00 36,588.00
2012-09-30 86,748.00 5,467.00 51,736.00
2012-06-30 88,329.00 5,735.00 56,040.00
2012-03-31 90,918.00 5,026.00 57,655.00
  • Hosiden's level of debt (13.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8% vs 13.8% today).
  • Debt is well covered by operating cash flow (174.7%, greater than 20% of total debt).
  • Hosiden earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Hosiden'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. Hosiden 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.

HOIE.F Dividends

 What is Hosiden'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
2.81%
Current annual income from Hosiden dividends. Estimated to be 2.61% next year.
If you bought $2,000 of Hosiden shares you are expected to receive $56 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?
  • Hosiden's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Hosiden'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:HOIE.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 4 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 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:HOIE.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 21.50 4.00
2020-03-31 23.75 4.00
2019-03-31 25.00 3.00
OTCPK:HOIE.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 25.000 2.758
2019-02-08 25.000 3.020
2018-11-13 20.000 2.543
2018-11-02 20.000 2.103
2018-06-28 20.000 1.994
2018-05-11 20.000 1.892
2018-02-02 20.000 1.433
2017-06-29 10.000 0.606
2017-05-12 10.000 0.813
2017-02-13 8.000 0.735
2017-02-03 8.000 0.813
2016-11-14 6.000 0.652
2016-11-04 6.000 0.723
2016-06-29 6.000 0.836
2016-05-12 6.000 0.878
2016-02-12 10.000 1.474
2016-02-05 10.000 1.782
2015-11-12 10.000 1.599
2015-11-06 10.000 1.432
2015-06-26 10.000 1.424
2015-05-08 10.000 1.147
2015-02-12 10.000 1.449
2015-02-06 10.000 1.586
2014-11-13 10.000 1.481
2014-11-07 10.000 1.530
2014-06-27 10.000 1.696
2014-05-09 10.000 1.765
2014-02-14 10.000 2.058
2014-02-07 10.000 2.024
2013-11-13 10.000 1.843
2013-11-08 10.000 1.947
2013-06-27 10.000 1.837
2013-05-10 10.000 1.782
2013-02-13 10.000 1.796
2013-02-08 10.000 1.898
2012-11-09 10.000 1.973
2012-08-03 10.000 2.291
2012-06-28 10.000 2.122
2012-05-11 10.000 2.058
2012-02-10 20.000 3.411
2012-02-03 20.000 3.511
2011-11-14 20.000 3.768
2011-11-04 20.000 3.991
2011-08-05 20.000 3.586
2011-06-29 20.000 2.890
2011-05-13 20.000 2.785
2011-02-10 30.000 3.664
2011-02-04 30.000 3.339
2010-11-10 30.000 3.299
2010-11-05 30.000 3.770
2010-06-29 30.000 3.515
2010-05-11 30.000 2.975
2010-02-10 30.000 2.608
2010-02-05 30.000 2.885
2009-11-10 30.000 2.986
2009-11-06 30.000 2.883
2009-05-08 30.000 2.410
2009-03-18 30.000 2.884

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Hosiden's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.4x 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 Hosiden'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 Hosiden afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hosiden has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HOIE.F Management

 What is the CEO of Hosiden'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
Kenji Furuhashi
COMPENSATION ¥109,000,000
AGE 63
TENURE AS CEO 27.9 years
CEO Bio

Mr. Kenji Furuhashi has been the President at Hosiden Corp since April 1991 and served as its Chief Executive Officer. Mr. Furuhashi has been the President of Hong Kong Hosiden Limited, Korea Hosiden Co., Ltd., and Hosiden Singapore Pte. Ltd. since April 1991. He has been the President of Hosiden America K.K. and Hosiden Europe Y.K. since March 1999. Mr. Furuhashi joined Hosiden Corp., in April 1978 and served as its Manager of Production Business since April 1986, Manager of Overseas Business since April 1987, General Manager of Production Business since April 1990 and Senior Managing Director since June 1990. He has been the Chairman of Hosiden Seiko K.K. since May 1991. Mr. Furuhashi has been the Chairman of Hosiden Mareshia Shijin Y.K. since April 1997. He has been the Chairman of Hosiden FD Corporation since May 1999. He has been the Chairman of Hosiden Kyushu K.K. since May 2002. He has been a Representative Director of Hosiden Corp since March 1991 and previuosly served in the same role since June 1987. He has been a Director of Hong Kong Hosiden Limited, Korea Hosiden Co., Ltd., and Hosiden Singapore Pte. Ltd. since April 1991. He has been a Director of Hosiden America K.K. and Hosiden Europe Y.K. since March 1999.

CEO Compensation
  • Kenji's compensation has been consistent with company performance over the past year.
  • Kenji's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hosiden management team in years:

15.4
Average Tenure
67.5
Average Age
  • The average tenure for the Hosiden management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kenji Furuhashi

TITLE
President & Representative Director
COMPENSATION
¥109M
AGE
63
TENURE
27.9 yrs

Shinji Hombo

TITLE
Head for Office of President
AGE
70
TENURE
2.8 yrs

Yasuhiro Shigeno

TITLE
Head of Technology Management Dept
AGE
65
TENURE
8.9 yrs

Haremi Kitatani

TITLE
VP, Head of Hosiden Group & Representative Director
COMPENSATION
¥100M
AGE
81
TENURE
21.9 yrs
Board of Directors Tenure

Average tenure and age of the Hosiden board of directors in years:

8.8
Average Tenure
69
Average Age
  • The tenure for the Hosiden board of directors is about average.
Board of Directors

Kenji Furuhashi

TITLE
President & Representative Director
COMPENSATION
¥109M
AGE
63
TENURE
28 yrs

Shinji Hombo

TITLE
Head for Office of President
AGE
70
TENURE
13.8 yrs

Yasuhiro Shigeno

TITLE
Head of Technology Management Dept
AGE
65

Haremi Kitatani

TITLE
VP, Head of Hosiden Group & Representative Director
COMPENSATION
¥100M
AGE
81
TENURE
20.8 yrs

Kenichi Takahashi

TITLE
External Director
AGE
73
TENURE
3.7 yrs

Hiroshi Horie

TITLE
External Director
AGE
69
TENURE
1.7 yrs

Saburo Kikyo

TITLE
Audit & Supervisory Board Member
AGE
71
TENURE
8.8 yrs

Takayuki Tanemura

TITLE
Outside Audit & Supervisory Board Member
AGE
59

Susumu Maruno

TITLE
Outside Audit & Supervisory Board Member
AGE
63
TENURE
3.7 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 Hosiden'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. Hosiden 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.

HOIE.F News

Simply Wall St News

HOIE.F Company Info

Description

Hosiden Corporation manufactures and sells electronics, electrical appliances, auto parts, information telecommunications equipment, office machines, and medical equipment and related parts in Japan and internationally. It offers miniature circular, DIN, multi-pole circular and rectangular, slim rectangular, display port, HDMI, USB, IC card, optical, AC inlets/power supply, waterproof, PV, and PV junction box connectors; and plugs and jacks, such as miniature, pin, and DC power jacks. The company also provides slide and tactile push switches, multi-function switches, shuttle switches, circuit protectors, switches units, and touch panels, as well as DC switches for solar PV generation system; and acoustic components comprising micro speakers, receiver units, headphones, earphone-mics, microphones and microphone units, and Bluetooth modules. In addition, it offers wireless modules consisting of Bluetooth, Bluetooth low energy, wireless audio, and ANT modules; and other products, such as chargers, wireless power transfer systems, touch panels, and DC solenoids, as well as electro-magnetic components, LCD devices, and assembled products. The company’s products are used in mobile phones, audio and visual products, PCs and PC peripherals, PV generation systems, and car electronics. Hosiden Corporation was founded in 1947 and is headquartered in Yao, Japan.

Details
Name: Hosiden Corporation
HOIE.F
Exchange: OTCPK
Founded: 1947
¥474,407,333
59,458,164
Website: http://www.hosiden.co.jp
Address: Hosiden Corporation
4-33, Kitakyuhoji 1-Chome,
Yao,
Osaka, 581-0071,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6804 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK HOIE.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
DB HOD Common Shares Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
8,805
Hosiden employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 00:07
End of day share price update: 2018/12/17 00:00
Last estimates confirmation: 2019/03/04
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.