“Industry leader in shareholder returns!” What are the expected values for the 3 stocks that will challenge Some companies overwhelmed their overseas peers with annual returns of over 70%
“Total Shareholder Yield (TSR)” is one of the indicators showing an attitude of putting emphasis on investors by companies. It is a figure obtained by adding the rate of increase in stock prices and dividend yields,Equivalent to a “substantial return on investment”I'll do it.
In recent years, there has been an increase in the number of companies that add total shareholder yield to indicators when calculating executive remuneration due to a shareholder-focused stance. Inside isThere are also companies that list the real names of other companies in the same industry and use the superiority or inferiority of total shareholder yields with other companies in the same industry as indicators。
Therefore, in addition to verifying whether they were able to beat the competition with total shareholder yield for the last 1 year for 3 stocks that list the real names of other companies in the same industry as the index,Evaluation of factors that will increase total shareholder yield in fiscal year 24I'll do it.
In recent years, there has been an increase in the number of companies that add total shareholder yield to indicators when calculating executive remuneration due to a shareholder-focused stance. Inside isThere are also companies that list the real names of other companies in the same industry and use the superiority or inferiority of total shareholder yields with other companies in the same industry as indicators。
Therefore, in addition to verifying whether they were able to beat the competition with total shareholder yield for the last 1 year for 3 stocks that list the real names of other companies in the same industry as the index,Evaluation of factors that will increase total shareholder yield in fiscal year 24I'll do it.
◆ $Dai-ichi Life Holdings(8750.JP$：A sense of cheapness even in a strong insurance industry
A major domestic life insurance company with approximately 8 million subscribers. In addition to Dai-ichi Life, which mainly sells face-to-face, it also has Dai-ichi Frontier Life, etc. which mainly sells banks and securities over the counter, under its umbrella. Overseas expansion is also underway, such as making mid-level life insurance companies in the US and Australia into subsidiaries.
Total shareholder yield is added to the performance evaluation index for performance-linked stock compensation (26 to 0% for the president and 23 to 0% for other executives) of executive remuneration.As comparison targets, 5 domestic insurance companies and 5 companies that develop life insurance businesses globally and have competitive relationships with our group in the Japanese and US markets, etc. are listed. The target for the fiscal year ending 22/3 was 6th place, and the track record was 2nd place.
A major domestic life insurance company with approximately 8 million subscribers. In addition to Dai-ichi Life, which mainly sells face-to-face, it also has Dai-ichi Frontier Life, etc. which mainly sells banks and securities over the counter, under its umbrella. Overseas expansion is also underway, such as making mid-level life insurance companies in the US and Australia into subsidiaries.
Total shareholder yield is added to the performance evaluation index for performance-linked stock compensation (26 to 0% for the president and 23 to 0% for other executives) of executive remuneration.As comparison targets, 5 domestic insurance companies and 5 companies that develop life insurance businesses globally and have competitive relationships with our group in the Japanese and US markets, etc. are listed. The target for the fiscal year ending 22/3 was 6th place, and the track record was 2nd place.
[Evaluation]
The domestic insurance industry is showing strong shareholder returns,Dai-ichi Life HD also has a total shareholder yield of over 70% in the last 1 year, holding back overseas players and is in 4th place. Although the current stock price is above the average target stock price according to analysts, it was in first place $MS&AD Insurance Group Holdings(8725.JP$and it was in 2nd place $Tokio Marine Holdings(8766.JP$Compared toSense of cheapness in PER and PBRThere is, and if stock prices increase, there seems to be a possibility that it will be number 1 in fiscal year 24. There is a big divergence from the average target stock price by analysts and there is a sense of delay $T&D Holdings(8795.JP$may also be the target.
The domestic insurance industry is showing strong shareholder returns,Dai-ichi Life HD also has a total shareholder yield of over 70% in the last 1 year, holding back overseas players and is in 4th place. Although the current stock price is above the average target stock price according to analysts, it was in first place $MS&AD Insurance Group Holdings(8725.JP$and it was in 2nd place $Tokio Marine Holdings(8766.JP$Compared toSense of cheapness in PER and PBRThere is, and if stock prices increase, there seems to be a possibility that it will be number 1 in fiscal year 24. There is a big divergence from the average target stock price by analysts and there is a sense of delay $T&D Holdings(8795.JP$may also be the target.
◆ $Mitsubishi Estate(8802.JP$：The 64% return on investment in the last 1 year is number one in the industry
A major comprehensive real estate developer. Leasing has an advantage in office buildings centered around Marunouchi, Tokyo. We are involved in real estate development in various genres, including overseas, such as condominium sales businesses, commercial facilities, and logistics facilities under the “Park House” brand.
Total shareholder yield is an evaluation index for part of medium- to long-term performance-linked remuneration (ratio of 10% to total remuneration amount). As a comparison target, $Nomura Real Estate Holdings(3231.JP$、 $Tokyu Fudosan Holdings(3289.JP$、 $Mitsui Fudosan(8801.JP$、 $Tokyo Tatemono(8804.JP$、 $Sumitomo Realty & Development(8830.JP$The 5 companies are listed. It is a system where the vesting ratio changes depending on the ranking of total shareholder yield, and it is 100% in the case of 1st place and 0% in the case of 6th place. The evaluation for fiscal year 22 was 6th.
A major comprehensive real estate developer. Leasing has an advantage in office buildings centered around Marunouchi, Tokyo. We are involved in real estate development in various genres, including overseas, such as condominium sales businesses, commercial facilities, and logistics facilities under the “Park House” brand.
Total shareholder yield is an evaluation index for part of medium- to long-term performance-linked remuneration (ratio of 10% to total remuneration amount). As a comparison target, $Nomura Real Estate Holdings(3231.JP$、 $Tokyu Fudosan Holdings(3289.JP$、 $Mitsui Fudosan(8801.JP$、 $Tokyo Tatemono(8804.JP$、 $Sumitomo Realty & Development(8830.JP$The 5 companies are listed. It is a system where the vesting ratio changes depending on the ranking of total shareholder yield, and it is 100% in the case of 1st place and 0% in the case of 6th place. The evaluation for fiscal year 22 was 6th.
[Evaluation]
Although the dividend yield is low, it has generated a total shareholder yield of 64% in the last 1 year, surpassing all competitors. Although the expected dividend yield is low for fiscal year 24,The deviation from the average target stock price according to analysts is over 20%It has risen to, and there are enough elements to keep 1st place.
Although the dividend yield is low, it has generated a total shareholder yield of 64% in the last 1 year, surpassing all competitors. Although the expected dividend yield is low for fiscal year 24,The deviation from the average target stock price according to analysts is over 20%It has risen to, and there are enough elements to keep 1st place.
◆ $Olympus(7733.JP$：Expectations for significant growth in business results in fiscal year 24
Major optical equipment company. We will advance the shift to the medical field, centering on digestive endoscopy, which has a 70% global market share. Imaging businesses such as digital cameras and scientific businesses such as industrial microscopes were sold from 2021 to 22.
Total shareholder yield is an evaluation index (40%) of performance-linked stock compensation, which accounts for 60% of long-term incentive compensation (57% of executive remuneration for CEOs and chairmen, 48% for other executive officers).Set up 20 Japanese, US, and European companies as peer groups from manufacturing companies that have medical devices in their business portfolios. If the company is in the 75th percentile or higher, the payment rate is 200%, the 50th percentile is 100% paid, the 25th percentile is 50%, and if it is below the 25th percentile, the payment rate is 0%. In fiscal year 22, we aimed for the 50th percentile and it was 58.8 percentile.
Major optical equipment company. We will advance the shift to the medical field, centering on digestive endoscopy, which has a 70% global market share. Imaging businesses such as digital cameras and scientific businesses such as industrial microscopes were sold from 2021 to 22.
Total shareholder yield is an evaluation index (40%) of performance-linked stock compensation, which accounts for 60% of long-term incentive compensation (57% of executive remuneration for CEOs and chairmen, 48% for other executive officers).Set up 20 Japanese, US, and European companies as peer groups from manufacturing companies that have medical devices in their business portfolios. If the company is in the 75th percentile or higher, the payment rate is 200%, the 50th percentile is 100% paid, the 25th percentile is 50%, and if it is below the 25th percentile, the payment rate is 0%. In fiscal year 22, we aimed for the 50th percentile and it was 58.8 percentile.
[Evaluation]
While the total shareholder yield was low at just under 16%, it ranked 7th in the industry as a whole, including overseas players, and domestically $Terumo(4543.JP$It is in second place after The low dividend yield was also conspicuous in fiscal year 24. The company's basic policy is to implement shareholder returns in a stable manner after prioritizing investment in growth areas.In the fiscal year 24 earnings forecast, sales are expected to increase 9.1% from the previous fiscal year, and operating profit is expected to increase drastically by 306.0%, so there is a possibility that growth in business results will lead to an increase in stock prices. Note,In fiscal year 24, we plan to increase dividends for 8 consecutive terms and share buybacks on the scale of 100 billion yenI'm doing it. Considering the characteristics of the medical device industry,Stocks suitable for aiming for medium- to long-term shareholder returns rather than short termI think so.
While the total shareholder yield was low at just under 16%, it ranked 7th in the industry as a whole, including overseas players, and domestically $Terumo(4543.JP$It is in second place after The low dividend yield was also conspicuous in fiscal year 24. The company's basic policy is to implement shareholder returns in a stable manner after prioritizing investment in growth areas.In the fiscal year 24 earnings forecast, sales are expected to increase 9.1% from the previous fiscal year, and operating profit is expected to increase drastically by 306.0%, so there is a possibility that growth in business results will lead to an increase in stock prices. Note,In fiscal year 24, we plan to increase dividends for 8 consecutive terms and share buybacks on the scale of 100 billion yenI'm doing it. Considering the characteristics of the medical device industry,Stocks suitable for aiming for medium- to long-term shareholder returns rather than short termI think so.
MooMoo News Mark
Source: each company's website, EDINET, NASDAQ, moomoo
Source: each company's website, EDINET, NASDAQ, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
