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Nippon Electric Glass

OTCPK:NPEG.F
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NPEG.F
OTCPK
¥286B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Nippon Electric Glass Co., Ltd., together with its subsidiaries, manufactures and sells specialty glass products and glassmaking machinery in Japan, China, Korea, Europe, Taiwan, the United States, and internationally. The last earnings update was 47 days ago. More info.


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NPEG.F Share Price and Events
7 Day Returns
0%
OTCPK:NPEG.F
-2.7%
US Electronic
-1.1%
US Market
1 Year Returns
-
OTCPK:NPEG.F
3.5%
US Electronic
6.4%
US Market
NPEG.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nippon Electric Glass (NPEG.F) 0% 0% - - - -
US Electronic -2.7% -2.6% 23.1% 3.5% 56.7% 56.4%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • No trading data on NPEG.F.
  • No trading data on NPEG.F.
Price Volatility
NPEG.F
Industry
5yr Volatility vs Market

NPEG.F Value

 Is Nippon Electric Glass 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 Nippon Electric Glass 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 Nippon Electric Glass.

OTCPK:NPEG.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 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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:NPEG.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))
= 1.065 (1 + (1- 30.86%) (38.52%))
1.234
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.234 * 5.96%)
10.08%

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

The calculations below outline how an intrinsic value for Nippon Electric Glass 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:NPEG.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.08%)
2019 9,766.67 Analyst x3 8,872.04
2020 18,048.40 Analyst x5 14,893.35
2021 20,475.80 Analyst x5 15,348.70
2022 19,883.08 Est @ -2.89% 13,539.14
2023 19,643.02 Est @ -1.21% 12,150.46
2024 19,637.89 Est @ -0.03% 11,034.59
2025 19,795.13 Est @ 0.8% 10,104.08
2026 20,068.20 Est @ 1.38% 9,305.16
2027 20,426.35 Est @ 1.78% 8,603.65
2028 20,848.82 Est @ 2.07% 7,977.20
Present value of next 10 years cash flows ¥111,828.37
OTCPK:NPEG.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥20,848.82 × (1 + 2.73%) ÷ (10.08% – 2.73%)
¥291,253.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥291,253.83 ÷ (1 + 10.08%)10
¥111,439.89
OTCPK:NPEG.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥111,828.37 + ¥111,439.89
¥223,268.26
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥223,268.26 / 96.60
¥2311.15
OTCPK:NPEG.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:NPEG.F represents 0.0092x of TSE:5214
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0092x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,311.15 x 0.0092
$21.27
Value per share (USD) From above. $21.27
Current discount Discount to share price of $27.20
= -1 x ($27.20 - $21.27) / $21.27
-27.9%

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

  • The current share price of Nippon Electric Glass 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 Nippon Electric Glass's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nippon Electric Glass's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:NPEG.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥154.25
TSE:5214 Share Price ** TSE (2019-01-24) in JPY ¥2956
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.06x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

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

** Primary Listing of Nippon Electric Glass.

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

= TSE:5214 Share Price ÷ EPS (both in JPY)

= 2956 ÷ 154.25

19.16x

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

  • Nippon Electric Glass is overvalued based on earnings compared to the US Electronic industry average.
  • Nippon Electric Glass is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Nippon Electric Glass's expected growth come at a high price?
Raw Data
OTCPK:NPEG.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
11.7%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.5x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.16x ÷ 11.7%

1.64x

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

  • Nippon Electric Glass is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nippon Electric Glass's assets?
Raw Data
OTCPK:NPEG.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥5,346.02
TSE:5214 Share Price * TSE (2019-01-24) in JPY ¥2956
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.01x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
OTCPK:NPEG.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5214 Share Price ÷ Book Value per Share (both in JPY)

= 2956 ÷ 5,346.02

0.55x

* Primary Listing of Nippon Electric Glass.

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

  • Nippon Electric Glass is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Nippon Electric Glass'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. Nippon Electric Glass has a total score of 1/6, 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.

NPEG.F Future Performance

 How is Nippon Electric Glass expected to perform in the next 1 to 3 years based on estimates from 7 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
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nippon Electric Glass expected to grow at an attractive rate?
  • Nippon Electric Glass's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Nippon Electric Glass's earnings growth is positive but not above the United States of America market average.
  • Nippon Electric Glass's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:NPEG.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:NPEG.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 11.7%
OTCPK:NPEG.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.1%
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 14.2%
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:NPEG.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 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:NPEG.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 322,000 59,500 27,300 1
2022-12-31 330,650 57,100 24,800 2
2021-12-31 316,320 55,676 23,510 5
2020-12-31 310,171 53,448 22,135 7
2019-12-31 303,214 47,893 17,808 7
OTCPK:NPEG.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 300,326 52,002 15,199
2018-09-30 305,348 21,019
2018-06-30 303,770 46,692 23,229
2018-03-31 294,811 26,175
2017-12-31 282,447 46,159 27,184
2017-09-30 267,482 22,489
2017-06-30 254,388 55,698 18,276
2017-03-31 247,658 8,460
2016-12-31 239,411 48,261 4,968
2016-09-30 239,595 8,475
2016-06-30 245,480 48,743 7,055
2016-03-31 248,081 10,792

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nippon Electric Glass's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • Nippon Electric Glass's revenue is expected to grow by 2.1% 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:NPEG.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 7 Analyst Estimates (S&P Global) See Below

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

OTCPK:NPEG.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 232.38 272.24 173.61 6.00
2020-12-31 220.84 270.36 164.56 8.00
2019-12-31 184.36 210.13 153.70 6.00
OTCPK:NPEG.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 154.25
2018-09-30 211.88
2018-06-30 233.53
2018-03-31 263.14
2017-12-31 273.28
2017-09-30 226.08
2017-06-30 183.73
2017-03-31 85.05
2016-12-31 49.94
2016-09-30 85.20
2016-06-30 70.92
2016-03-31 108.49

*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.
  • Nippon Electric Glass is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nippon Electric Glass'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.
Nippon Electric Glass has a total score of 1/6, 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.

NPEG.F Past Performance

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

OTCPK:NPEG.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 300,326.00 15,199.00 42,226.00
2018-09-30 305,348.00 21,019.00 38,226.00 5,274.00
2018-06-30 303,770.00 23,229.00 38,709.00 5,274.00
2018-03-31 294,811.00 26,175.00 36,256.00 5,274.00
2017-12-31 282,447.00 27,184.00 33,183.00 5,274.00
2017-09-30 267,482.00 22,489.00 30,509.00 4,943.00
2017-06-30 254,388.00 18,276.00 27,847.00 4,943.00
2017-03-31 247,658.00 8,460.00 27,348.00 4,943.00
2016-12-31 239,411.00 4,968.00 26,994.00 4,943.00
2016-09-30 239,595.00 8,475.00 26,739.00 4,641.00
2016-06-30 245,480.00 7,055.00 26,669.00 4,641.00
2016-03-31 248,081.00 10,792.00 26,479.00 4,641.00
2015-12-31 251,177.00 9,636.00 26,330.00 4,641.00
2014-12-31 255,540.00 7,899.00 26,245.00 4,021.00
2014-09-30 256,052.00 11,212.00 29,431.00
2014-06-30 255,985.00 13,588.00 28,535.00
2014-03-31 252,548.00 12,432.00 28,312.00
2013-12-31 253,090.00 13,827.00 27,917.00
2013-09-30 262,226.00 12,024.00 27,436.00
2013-06-30 274,386.00 11,846.00 27,359.00
2013-03-31 287,304.00 10,603.00 27,109.00
2012-12-31 297,283.00 -826.00 21,600.00 5,126.00
2012-09-30 305,190.00 -880.00 22,125.00 5,126.00
2012-06-30 317,420.00 6,334.00 22,470.00 5,126.00
2012-03-31 338,214.00 19,409.00 28,030.00

*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.
  • Nippon Electric Glass has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nippon Electric Glass used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Nippon Electric Glass has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nippon Electric Glass'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.
Nippon Electric Glass 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.

NPEG.F Health

 How is Nippon Electric Glass'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 Nippon Electric Glass's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nippon Electric Glass is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nippon Electric Glass's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nippon Electric Glass'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 2.3x 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 Nippon Electric Glass Company Filings, last reported 2 months ago.

OTCPK:NPEG.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 521,546.00 110,004.00 116,785.00
2018-09-30 531,121.00 109,121.00 106,314.00
2018-06-30 535,064.00 116,775.00 118,907.00
2018-03-31 534,234.00 113,250.00 110,339.00
2017-12-31 543,787.00 118,660.00 117,068.00
2017-09-30 527,159.00 117,597.00 105,582.00
2017-06-30 522,061.00 86,263.00 126,959.00
2017-03-31 511,417.00 98,140.00 130,044.00
2016-12-31 509,563.00 99,997.00 132,001.00
2016-09-30 496,957.00 109,478.00 127,344.00
2016-06-30 500,247.00 109,954.00 137,544.00
2016-03-31 507,548.00 108,970.00 135,541.00
2015-12-31 519,800.00 106,730.00 144,345.00
2014-12-31 522,576.00 106,140.00 149,742.00
2014-09-30 519,340.00 96,586.00 134,105.00
2014-06-30 512,709.00 96,573.00 127,942.00
2014-03-31 510,807.00 99,493.00 134,149.00
2013-12-31 506,896.00 97,038.00 120,967.00
2013-09-30 506,297.00 97,966.00 121,593.00
2013-06-30 502,551.00 98,748.00 128,765.00
2013-03-31 495,295.00 102,604.00 129,421.00
2012-12-31 480,825.00 80,974.00 96,479.00
2012-09-30 478,365.00 81,831.00 104,381.00
2012-06-30 477,521.00 83,235.00 97,457.00
2012-03-31 475,736.00 86,846.00 105,828.00
  • Nippon Electric Glass's level of debt (21.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (19.1% vs 21.1% today).
  • Debt is well covered by operating cash flow (47.3%, greater than 20% of total debt).
  • Nippon Electric Glass earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Nippon Electric Glass'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. Nippon Electric Glass 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.

NPEG.F Dividends

 What is Nippon Electric Glass'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
4.06%
Current annual income from Nippon Electric Glass dividends. Estimated to be 3.82% next year.
If you bought $2,000 of Nippon Electric Glass shares you are expected to receive $81 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?
  • Nippon Electric Glass's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Nippon Electric Glass's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
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:NPEG.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 7 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:NPEG.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 117.50 6.00
2020-12-31 111.88 8.00
2019-12-31 110.00 7.00
OTCPK:NPEG.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-05 120.000 4.032
2018-10-29 100.000 3.473
2018-08-14 100.000 2.926
2018-07-30 100.000 2.810
2018-03-30 100.000 3.219
2018-02-05 100.000 3.085
2017-11-14 80.000 1.804
2017-10-30 80.000 1.713
2017-08-14 80.000 1.883
2017-07-31 80.000 1.956
2017-03-31 80.000 2.141
2017-02-03 80.000 2.283
2016-11-14 80.000 2.549
2016-10-31 80.000 2.856
2016-08-12 80.000 3.087
2016-07-29 80.000 3.526
2016-03-31 80.000 3.213
2016-02-03 80.000 2.842
2015-10-30 80.000 2.566
2015-07-30 80.000 2.738
2015-04-30 80.000 2.535
2015-03-30 80.000 2.548
2015-02-06 80.000 2.780
2014-11-13 80.000 2.945
2014-10-31 80.000 3.075
2014-08-07 80.000 3.102
2014-08-01 80.000 2.821
2014-04-25 80.000 2.954
2014-02-14 80.000 3.249
2014-01-29 80.000 3.498
2013-11-14 80.000 3.002
2013-10-25 80.000 3.124
2013-08-02 80.000 3.150
2013-04-26 80.000 3.118
2013-02-14 80.000 3.509
2013-01-29 80.000 3.569
2012-11-14 80.000 3.463
2012-10-24 80.000 3.879
2012-07-25 80.000 3.836
2012-04-27 80.000 3.336
2012-02-13 70.000 1.976
2012-01-27 70.000 2.080
2011-11-11 70.000 1.837
2011-10-26 70.000 1.968
2011-04-27 70.000 1.553
2011-02-14 60.000 0.996
2011-01-27 60.000 0.950
2010-11-12 60.000 1.020
2010-10-26 60.000 1.094
2010-07-23 60.000 1.119
2010-06-30 60.000 1.145
2010-04-27 60.000 1.022
2010-02-12 50.000 0.790
2010-01-27 50.000 0.825
2009-10-26 55.000 0.986
2009-04-27 55.000 1.149
2009-03-25 50.000 1.277

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Nippon Electric Glass's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x 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 Nippon Electric Glass's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Nippon Electric Glass afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nippon Electric Glass 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.

NPEG.F Management

 What is the CEO of Nippon Electric Glass'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
Motoharu Matsumoto
TENURE AS CEO 4 years
CEO Bio

Mr. Motoharu Matsumoto serves as the President of Nippon Electric Glass Co. Ltd since March 2015. Mr. Matsumoto served as the President/Chief Executive Officer of Techneglass Inc. since June 2003 and was appointed as General Manager of Accounting Division at Nippon Electric Glass in February 2005. Mr. Matsumoto was an Executive Vice President at Nippon Electric Glass Co. Ltd., since April 2013, Senior Vice President since June 2011 and Vice President since April 2008 and was its Group General Manager of LCD Glass Group. He was supervising PDP Glass Plate Business at Nippon Electric Glass Co. Ltd. and was an in-charge of LCD Glass Business. He serves as a Representative Director of Nippon Electric Glass Co. Ltd since June 2011 and joined it in April 1982.

CEO Compensation
  • Insufficient data for Motoharu to compare compensation growth.
  • Insufficient data for Motoharu 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 Nippon Electric Glass management team in years:

3.6
Average Tenure
  • The tenure for the Nippon Electric Glass management team is about average.
Management Team

Motoharu Matsumoto

TITLE
President & Representative Director
TENURE
4 yrs

Hiroki Yamazaki

TITLE
Senior VP
TENURE
3.2 yrs

Masahiro Tomamoto

TITLE
Senior VP
TENURE
4.8 yrs

Hirokazu Takeuchi

TITLE
Executive VP
TENURE
2.2 yrs

Koichi Tsuda

TITLE
Senior VP & Director
TENURE
4 yrs

Akihisa Saeki

TITLE
Senior VP
TENURE
4.8 yrs

Akira Kishimoto

TITLE
Senior VP & Group GM of Consumer Glass Products Group

Haruki Matsumiya

TITLE
Senior VP and Group GM of Process Development & Engineering Group

Kiyohide Takeuchi

TITLE
Vice President
TENURE
2.2 yrs

Masaya Kubo

TITLE
Vice President
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure of the Nippon Electric Glass board of directors in years:

4.4
Average Tenure
  • The tenure for the Nippon Electric Glass board of directors is about average.
Board of Directors

Masayuki Arioka

TITLE
Chairman of the Board
TENURE
4 yrs

Motoharu Matsumoto

TITLE
President & Representative Director
TENURE
7.8 yrs

Hiroki Yamazaki

TITLE
Senior VP
TENURE
3 yrs

Masahiro Tomamoto

TITLE
Senior VP
TENURE
5.8 yrs

Hirokazu Takeuchi

TITLE
Executive VP
TENURE
5.8 yrs

Koichi Tsuda

TITLE
Senior VP & Director
TENURE
4 yrs

Akihisa Saeki

TITLE
Senior VP
TENURE
4.8 yrs

Sumimaru Odano

TITLE
Outside Director
TENURE
4 yrs

Shuichi Mori

TITLE
Outside Director
AGE
69
TENURE
3 yrs

Fujio Kishi

TITLE
Full-Time Corporate Auditor
TENURE
7.8 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 Nippon Electric Glass'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. Nippon Electric Glass 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.

NPEG.F News

Simply Wall St News

NPEG.F Company Info

Description

Nippon Electric Glass Co., Ltd., together with its subsidiaries, manufactures and sells specialty glass products and glassmaking machinery in Japan, China, Korea, Europe, Taiwan, the United States, and internationally. The company offers glasses for optical devices, electronic devices, solar cells, building materials, lighting use, thermos flasks, and pharmaceutical and medical applications. It also provides glasses for use in flat panel displays, including liquid crystal displays and organic light-emitting diode displays; glass fibers, such as chopped strands for function plastics, roving for reinforced plastics, chopped-strand mats for automobiles, and alkali-resistant glass fibers for cement reinforcement; specialty glasses for chemical strengthening; and heat-resistant glasses. Nippon Electric Glass Co., Ltd. was incorporated in 1944 and is headquartered in Otsu, Japan.

Details
Name: Nippon Electric Glass Co., Ltd.
NPEG.F
Exchange: OTCPK
Founded: 1944
¥2,599,934,211
96,604,795
Website: http://www.neg.co.jp/en
Address: Nippon Electric Glass Co., Ltd.
7-1, Seiran 2-chome,
Otsu,
Shiga, 520-8639,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5214 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK NPEG.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB NPG Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
6,776
Nippon Electric Glass employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:57
End of day share price update: 2019/01/24 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.