OTCPK:YATR.Y

Stock Analysis Report

Executive Summary

Yamato Holdings Co., Ltd. provides delivery, logistics, home convenience, e-business, financial, auto works, and other related services in Japan and internationally.


Snowflake Analysis

Flawless balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.7%

YATR.Y

1.9%

US Logistics

0.06%

US Market


1 Year Return

n/a

YATR.Y

-1.2%

US Logistics

19.3%

US Market

Return vs Industry: Insufficient data to determine how YATR.Y performed against the US Logistics industry.

Return vs Market: Insufficient data to determine how YATR.Y performed against the US Market.


Shareholder returns

YATR.YIndustryMarket
7 Day-1.7%1.9%0.06%
30 Dayn/a-3.0%1.7%
90 Day7.4%-1.9%9.0%
1 Yearn/a1.1%-1.2%21.8%19.3%
3 Year-19.2%-19.2%11.7%5.1%49.5%39.9%
5 Year-15.2%-15.2%19.7%7.8%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

54.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: YATR.Y ($17.51) is trading above our estimate of fair value ($7.05)

Significantly Below Fair Value: YATR.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: YATR.Y is poor value based on its PE Ratio (54.7x) compared to the Logistics industry average (21.4x).

PE vs Market: YATR.Y is poor value based on its PE Ratio (54.7x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: YATR.Y is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: YATR.Y is good value based on its PB Ratio (1.3x) compared to the US Logistics industry average (2.9x).


Next Steps

Future Growth

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

17.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YATR.Y's forecast earnings growth (17.6% per year) is above the savings rate (1.7%).

Earnings vs Market: YATR.Y's earnings (17.6% per year) are forecast to grow faster than the US market (14.2% per year).

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

Revenue vs Market: YATR.Y's revenue (2.5% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: YATR.Y's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YATR.Y's Return on Equity is forecast to be low in 3 years time (6.1%).


Next Steps

Past Performance

How has Yamato Holdings performed over the past 5 years?

-17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YATR.Y has a large one-off gain of ¥6.4B impacting its December 31 2019 financial results.

Growing Profit Margin: YATR.Y's current net profit margins (0.9%) are lower than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: YATR.Y's earnings have declined by -17.5% per year over the past 5 years.

Accelerating Growth: YATR.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: YATR.Y had negative earnings growth (-68.4%) over the past year, making it difficult to compare to the Logistics industry average (-4.5%).


Return on Equity

High ROE: YATR.Y's Return on Equity (2.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Yamato Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: YATR.Y's short term assets (¥593.9B) exceed its short term liabilities (¥430.2B).

Long Term Liabilities: YATR.Y's short term assets (¥593.9B) exceed its long term liabilities (¥138.1B).


Debt to Equity History and Analysis

Debt Level: YATR.Y's debt to equity ratio (16.8%) is considered satisfactory.

Reducing Debt: YATR.Y's debt to equity ratio has reduced from 24.7% to 16.8% over the past 5 years.

Debt Coverage: YATR.Y's debt is well covered by operating cash flow (74.9%).

Interest Coverage: YATR.Y earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: YATR.Y has a high level of physical assets or inventory.

Debt Coverage by Assets: YATR.Y's debt is covered by short term assets (assets are 6x debt).


Next Steps

Dividend

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

1.56%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Years1.8%

Current dividend yield vs market & industry

Notable Dividend: YATR.Y's dividend (1.56%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: YATR.Y's dividend (1.56%) is low compared to the top 25% of dividend payers in the US market (3.71%).


Stability and Growth of Payments

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

Growing Dividend: YATR.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (82.3%), YATR.Y's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Yutaka Nagao 0

0.8yrs

Tenure

0

Mr. Yutaka Nagao serves as a Director of Yamato Transport Co., Ltd. Mr. Nagao was Chief Executive Officer and President of Yamato Transport Co., Ltd. until April, 2019. He serves as an Executive Officer an ...


Leadership Team

NamePositionTenureCompensationOwnership
Masaki Yamauchi
Chairperson of the Board of Directors0.8yrsno data0.0099% ¥671.2k
Yutaka Nagao
President0.8yrsno data0.0030% ¥206.3k
Kenichi Shibasaki
VP, Executive Officer & Representative Director1.7yrsno data0.0066% ¥447.3k
Kenji Minaki
Executive Officer & VP4.8yrsno datano data
Haruo Kanda
VP, Executive Officer & Representative Director11.7yrsno data0.0074% ¥499.5k
Hideo Tanzawa
Managing Executive Officer3.8yrsno datano data
Khing Seng Chua
Executive Officer0yrsno datano data
Yoshihiko Hoshino
Executive Officer0yrsno datano data
Tomoki Otani
Managing Executive Officer0yrsno datano data
Shinji Makiura
Managing Executive Officer4.1yrsno datano data

4.1yrs

Average Tenure

Experienced Management: YATR.Y's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Masaki Yamauchi
Chairperson of the Board of Directors0.8yrsno data0.0099% ¥671.2k
Yutaka Nagao
President0.8yrsno data0.0030% ¥206.3k
Kenichi Shibasaki
VP, Executive Officer & Representative Director1.7yrsno data0.0066% ¥447.3k
Haruo Kanda
VP, Executive Officer & Representative Director11.7yrsno data0.0074% ¥499.5k
Shiro Sugata
Outside Director0.7yrsno datano data
Yoichi Kobayashi
Outside Director1.7yrsno datano data
Hiroyuki Kanae
Independent Audit & Supervisory Board Member7.7yrsno data0.0010% ¥68.6k
Masakatsu Mori
Outside Director6.7yrsno data0.0028% ¥189.4k
Mariko Tokuno
Outside Director2.7yrsno data0.00025% ¥17.0k
Takashi Yamashita
Independent Audit & Supervisory Board Member2.7yrsno datano data

2.7yrs

Average Tenure

67.5yo

Average Age

Experienced Board: YATR.Y's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Yamato Holdings Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yamato Holdings Co., Ltd.
  • Ticker: YATR.Y
  • Exchange: OTCPK
  • Founded: 1919
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: JP¥759.766b
  • Listing Market Cap: JP¥6.787b
  • Shares outstanding: 394.27m
  • Website: https://www.yamato-hd.co.jp

Number of Employees


Location

  • Yamato Holdings Co., Ltd.
  • 16-10, Ginza 2-chome
  • Chuo-ku
  • Tokyo
  • 104-8125
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9064TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
YATR.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
YTTDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
YATR.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Yamato Holdings Co., Ltd. provides delivery, logistics, home convenience, e-business, financial, auto works, and other related services in Japan and internationally. The company’s Delivery segment offers small parcel delivery services for the general public and corporations centering on TA-Q-BIN; and value-added services, such as Cool TA-Q-BIN and TA-Q-BIN Collect. Its BIZ-Logistics segment handles logistics and other B2B distribution operations. The company’s Home Convenience segment offers lifestyle support services; and installs electrical appliances for customers. Its e-Business segment provides information services for corporations, including ASP services and information system development. The company’s Financial segment offers settlement and other financial services to consumers and business customers; and various types of settlement methods, including payment on delivery and payment by credit card. Its Autoworks segment provides trucks and other vehicles maintenance services for transport companies. The company also provides shared services, including highway transportation and personnel placement services. Yamato Holdings Co., Ltd. was founded in 1919 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 00:58
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.