SHIMANO INC.
stock DE:SHM (FRANKFURT)

Alternative ID: JP3358000002 JP3358000002

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Exchange: FRANKFURT
Sector: Services
Industry: Leisure
Market Cap: Large (14.94B)
Data in EUR

EPS: 5.94
Current PE: 7.99
BVPS: 48.86
Price/BVPS: 0.97
Dividend: 155.00 / 97.5%

Hist Grade: A+ (93.30)
YOY Grade: C (65.81)
Debt/FCF: 0.00
ROIC: 14.8%
PEG: 0.35
PEGY: 0.07

Value Price: 194.96
MOS Price: 97.48
MOS %: 310.4%
Graham Number: 80.80
Graham MOS %: 70.1%
IRT: 4.91

Market Price

47.51

0.06 0.1%

as of Mar 30 '23

52 Week Range:

46.54 212.00

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: FRANKFURT
Sector: Services
Industry: Leisure
Market Cap: Large (14.94B)
Inst. Ownership: 52.14%
Insider Ownership: 11.30%
Full Time Employees: 13179

Shimano Inc. develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment. The company also plans and develops lifestyle gear products, such as apparel items, shoes, bags, and related items. It has operations in Japan, Asia, Europe, North America, Latin America, and Oceania. The company was founded in 1921 and is headquartered in Sakai, Japan.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	18.72	18.25	18.49	22.17	29.08	31.10	33.04	38.22	41.26	43.26	48.86
growth rate		-2.5%	1.3%	19.9%	31.2%	7.0%	6.2%	15.7%	8.0%	4.9%	12.9%
Earnings BIT	215.79	280.90	41,776.00	65,817.00	85,053.00	64,546.00	64,351.00	65,688.00	68,011.00	82,702.00	148,289.00
growth rate		30.2%	14,772.0%	57.6%	29.2%	-24.1%	-0.3%	2.1%	3.5%	21.6%	79.3%
Avg.PE	17.83	19.01	23.58	8.81	8.81	28.18	28.87	28.63	28.63	28.63	28.63
growth rate		6.6%	24.0%	-62.6%	0.0%	219.9%	2.5%	-0.8%	0.0%	0.0%	0.0%
ROA	9.43	11.61	12.16	14.31	18.45	11.68	8.24	10.86	9.94	11.24	17.89
growth rate		23.1%	4.7%	17.7%	28.9%	-36.7%	-29.5%	31.8%	-8.5%	13.1%	59.2%
ROE	11.22	13.85	14.45	17.07	21.75	13.39	9.37	12.21	11.00	12.47	20.25
growth rate		23.4%	4.3%	18.1%	27.4%	-38.4%	-30.0%	30.3%	-9.9%	13.4%	62.4%
ROIC	10.80	13.22	13.80	16.30	20.89	12.83	8.83	11.49	10.32	12.08	19.92
growth rate		22.4%	4.4%	18.1%	28.2%	-38.6%	-31.2%	30.1%	-10.2%	17.1%	64.9%
Cur. Ratio	5.63	4.93	5.32	4.70	5.82	6.75	6.95	8.26	8.74	7.85	6.48
growth rate		-12.4%	7.9%	-11.7%	23.8%	16.0%	3.0%	18.9%	5.8%	-10.2%	-17.5%
Quick Ratio	4.01	3.44	3.94	3.38	4.46	5.31	5.61	6.53	7.02	6.37	5.11
growth rate		-14.2%	14.5%	-14.2%	32.0%	19.1%	5.7%	16.4%	7.5%	-9.3%	-19.8%
Leverage	1.19	1.20	1.18	1.20	1.16	1.14	1.14	1.11	1.10	1.12	1.15
growth rate		0.8%	-1.7%	1.7%	-3.3%	-1.7%	0.0%	-2.6%	-0.9%	1.8%	2.7%
Balance Sheet	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable	24,883.00	27,609.00	30,603.00	37,088.00	36,671.00	34,058.00	35,204.00	38,730.00	35,847.00	37,748.00	51,888.00
growth rate		11.0%	10.8%	21.2%	-1.1%	-7.1%	3.4%	10.0%	-7.4%	5.3%	37.5%
Acct.Payable		10,161.00	11,935.00	16,545.00	11,392.00	12,051.00	13,036.00	13,995.00	13,529.00	18,727.00	24,352.00
growth rate			17.5%	38.6%	-31.2%	5.8%	8.2%	7.4%	-3.3%	38.4%	30.0%
Cur.Assets	150,842.00	175,798.00	215,740.00	271,386.00	296,287.00	297,538.00	342,795.00	356,404.00	381,189.00	423,468.00	528,544.00
growth rate		16.5%	22.7%	25.8%	9.2%	0.4%	15.2%	4.0%	7.0%	11.1%	24.8%
Total Assets	1,576.80	257,707.00	319,223.00	396,967.00	429,080.00	443,954.00	488,770.00	504,283.00	538,769.00	590,420.00	705,370.00
growth rate		16,243.7%	23.9%	24.4%	8.1%	3.5%	10.1%	3.2%	6.8%	9.6%	19.5%
Cash	600.44	94,950.00	128,796.00	157,841.00	190,210.00	199,772.00	241,268.00	242,903.00	270,070.00	305,613.00	364,519.00
growth rate		15,713.4%	35.7%	22.6%	20.5%	5.0%	20.8%	0.7%	11.2%	13.2%	19.3%
Inventory	38,659.00	47,913.00	50,156.00	68,172.00	59,616.00	53,616.00	57,601.00	64,039.00	68,934.00	74,503.00	103,258.00
growth rate		23.9%	4.7%	35.9%	-12.6%	-10.1%	7.4%	11.2%	7.6%	8.1%	38.6%
Cur.Liabilities	26,803.00	35,665.00	40,559.00	57,745.00	50,899.00	44,063.00	49,327.00	43,163.00	43,599.00	53,946.00	81,528.00
growth rate		33.1%	13.7%	42.4%	-11.9%	-13.4%	12.0%	-12.5%	1.0%	23.7%	51.1%
Liabilities	249.85	41,342.00	48,310.00	65,773.00	57,783.00	52,575.00	58,306.00	50,826.00	49,533.00	60,635.00	88,720.00
growth rate		16,446.7%	16.9%	36.2%	-12.2%	-9.0%	10.9%	-12.8%	-2.5%	22.4%	46.3%
LT Debt	21.56	1,070.00	3,159.00	2,670.00	2,068.00	1,498.00	1,009.00	482.00	1.00	11.00	2.00
growth rate		4,863.6%	195.2%	-15.5%	-22.6%	-27.6%	-32.6%	-52.2%	-99.8%	1,000.0%	-81.8%
Equity	1,326.95	1,579.46	269,994.00	330,263.00	370,384.00	390,625.00	430,312.00	453,318.00	489,085.00	529,287.00	615,991.00
growth rate		19.0%	16,994.1%	22.3%	12.2%	5.5%	10.2%	5.4%	7.9%	8.2%	16.4%
Common Shares	94.00	93.00	93.00	93.00	93.00	93.00	93.00	35,613.00	35,613.00	35,613.00	35,613.00
growth rate		-1.1%	0.0%	0.0%	0.0%	0.0%	0.0%	38,193.6%	0.0%	0.0%	0.0%
Cash Flow Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures	88.71	21,306.00	21,490.00	28,291.00	26,905.00	29,381.00	12,858.00	22,252.00	23,252.00	23,360.00	16,156.00
growth rate		23,917.7%	0.9%	31.7%	-4.9%	9.2%	-56.2%	73.1%	4.5%	0.5%	-30.8%
Cash Dividends	40.84	46.25	7,511.00	8,899.00	12,046.00	14,365.00	14,363.00	14,366.00	14,367.00	14,371.00	36,596.00
growth rate		13.3%	16,139.0%	18.5%	35.4%	19.3%	0.0%	0.0%	0.0%	0.0%	154.7%
Cash From OA	186.03	38,187.00	49,021.00	55,937.00	81,309.00	64,034.00	69,265.00	49,593.00	67,897.00	91,050.00	112,439.00
growth rate		20,427.0%	28.4%	14.1%	45.4%	-21.3%	8.2%	-28.4%	36.9%	34.1%	23.5%
FCF per Share	1.07	1.39	1.28	1.85	3.00	3.70	3.49	3.46	2.54	3.69	7.88
growth rate		29.9%	-7.9%	44.5%	62.2%	23.3%	-5.7%	-0.9%	-26.6%	45.3%	113.6%
Sale Purchase of Stock			2.00	2.00
growth rate				0.0%
FCF	12,433.00	15,358.00	24,611.00	24,526.00	52,128.00	32,020.00	53,604.00	25,398.00	41,943.00	63,485.00	92,405.00
growth rate		23.5%	60.3%	-0.4%	112.5%	-38.6%	67.4%	-52.6%	65.1%	51.4%	45.6%
Income Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales	1,618.92	245,843.00	271,037.00	333,168.00	378,645.00	322,998.00	335,800.00	348,035.00	363,230.00	378,040.00	546,515.00
growth rate		15,085.6%	10.3%	22.9%	13.7%	-14.7%	4.0%	3.6%	4.4%	4.1%	44.6%
Op.Income	231.72	27,547.00	41,776.00	65,817.00	85,053.00	64,546.00	64,351.00	65,688.00	68,011.00	82,702.00	148,289.00
growth rate		11,788.2%	51.7%	57.6%	29.2%	-24.1%	-0.3%	2.1%	3.5%	21.6%	79.3%
IBT	215.75	280.88	45,221.00	68,552.00	100,398.00	68,403.00	54,562.00	71,223.00	71,391.00	84,818.00	153,727.00
growth rate		30.2%	15,999.6%	51.6%	46.5%	-31.9%	-20.2%	30.5%	0.2%	18.8%	81.2%
Net Income	145.58	27,547.00	35,088.00	51,237.00	76,190.00	50,964.00	38,443.00	53,931.00	51,833.00	63,472.00	115,937.00
growth rate		18,821.7%	27.4%	46.0%	48.7%	-33.1%	-24.6%	40.3%	-3.9%	22.5%	82.7%
EPS	211.83	296.50	378.50	552.70	821.87	549.76	414.69	581.77	559.15	684.71	1,252.62
growth rate		40.0%	27.7%	46.0%	48.7%	-33.1%	-24.6%	40.3%	-3.9%	22.5%	82.9%
Gross Profit	561.26	89,132.00	96,424.00	129,343.00	154,514.00	131,537.00	137,456.00	136,572.00	140,592.00	153,084.00	231,418.00
growth rate		15,780.7%	8.2%	34.1%	19.5%	-14.9%	4.5%	-0.6%	2.9%	8.9%	51.2%
R&D			5,437.00	5,528.00	7,371.00	7,371.00	7,371.00	5,678.00	6,521.00	5,369.00	5,080.00
growth rate				1.7%	33.3%	0.0%	0.0%	-23.0%	14.9%	-17.7%	-5.4%

Quarterly Statements

Item Name	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22
Earnings BIT	37,051.00	41,315.00	38,034.00	42,876.00	45,668.00
growth rate		11.5%	-7.9%	12.7%	6.5%
Balance Sheet	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22
Acct.Receivable	44,852.00	51,888.00	57,524.00	61,471.00	61,810.00
growth rate		15.7%	10.9%	6.9%	0.6%
Acct.Payable	20,737.00	24,352.00	26,883.00	25,055.00	24,769.00
growth rate		17.4%	10.4%	-6.8%	-1.1%
Cur.Assets	489,480.00	528,544.00	538,374.00	613,101.00	638,150.00
growth rate		8.0%	1.9%	13.9%	4.1%
Total Assets	662,940.00	705,370.00	723,553.00	803,401.00	832,396.00
growth rate		6.4%	2.6%	11.0%	3.6%
Cash	343,643.00	364,519.00	352,478.00	418,076.00	434,425.00
growth rate		6.1%	-3.3%	18.6%	3.9%
Inventory	94,064.00	103,258.00	118,975.00	123,564.00	131,361.00
growth rate		9.8%	15.2%	3.9%	6.3%
Cur.Liabilities	68,148.00	81,528.00	77,039.00	83,024.00	80,628.00
growth rate		19.6%	-5.5%	7.8%	-2.9%
Liabilities	75,541.00	88,720.00	83,898.00	89,989.00	87,618.00
growth rate		17.5%	-5.4%	7.3%	-2.6%
LT Debt	6.00	2.00	1.00	1.00	1.00
growth rate		-66.7%	-50.0%	0.0%	0.0%
Equity	586,777.00	615,991.00	638,912.00	712,526.00	743,774.00
growth rate		5.0%	3.7%	11.5%	4.4%
Common Shares	35,613.00	35,613.00	35,613.00	35,613.00	35,613.00
growth rate		0.0%	0.0%	0.0%	0.0%
Cash Flow Statement	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22
Capital Expenditures
growth rate
Cash Dividends
growth rate
Cash From OA
growth rate
FCF
growth rate
Income Statement	Sep '21	Dec '21	Mar '22	Jun '22	Sep '22
Sales	130,493.00	151,328.00	144,047.00	159,639.00	163,979.00
growth rate		16.0%	-4.8%	10.8%	2.7%
Op.Income	37,051.00	41,315.00	38,034.00	42,876.00	45,668.00
growth rate		11.5%	-7.9%	12.7%	6.5%
IBT	39,756.00	39,847.00	38,290.00	51,991.00	57,602.00
growth rate		0.2%	-3.9%	35.8%	10.8%
Net Income	30,017.00	29,913.00	28,740.00	39,818.00	44,928.00
growth rate		-0.4%	-3.9%	38.6%	12.8%
EPS
growth rate
Gross Profit	57,844.00	63,840.00	60,978.00	66,973.00	70,329.00
growth rate		10.4%	-4.5%	9.8%	5.0%
R&D	5,080.00	5,080.00
growth rate		0.0%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

A+ (93.30)

YOY Growth Grade:

C (65.81)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield: 97.5%
Beta: 0.41
Beta of 0.4082 suggests that the asset is less volatile than the rest of the market.
PE: 7.99
EY: 12.5%
PEG: 0.35
PEG Ratio of 0.35 suggests that stock is underpriced.
PEGY: 0.07
PEGY Ratio of 0.07 suggests that stock is underpriced.
Price/BVPS: 0.97
Price to BVPS Ratio of 0.97 suggests that stock is undervalued.

Profitability Ratios

ROE: 20.3%
Return on Equity (ROE) of 20.3% suggests that a company is doing well.
ROS: 27.1%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 21.8%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 25.0%
Return on Investment (ROI) of 25.0% suggests that a company is doing well.
ROIC: 14.8%
Return on Invested Capital (ROIC) of 14.8% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.

Liquidity Ratios

Current Ratio: 6.48
Current Ratio of 6.48 suggests that money that could be working for the business is tied up in government securities, cash savings or other safe funds.
Quick Ratio: 5.11
Quick Ratio of 5.11 suggests that a company is doing well.
Cash Turnover: 1.22
Turnover Of Cash Ratio of 1.22 suggests that a company may have funds tied up in short-term low-yielding assets or may have a cash surplus, which is not invested in the business.
Equity Ratio: 87.3%
Equity Ratio of 87.3% suggests that a large percent of the company's assets financed by shareholder equity, which is good.
Debt/Equity: 14.4%
Debt to Equity Ratio of 14.4% suggests that a company is doing well.
Debt/FCF: 0.00
Debt/FCF of 0.00 suggests that a company does not have long term debt as of latest financial statement.

Efficiency Ratios

Avg Collection Period: 34.65
Average Collection Period of 34.65 days suggests that a company is doing well.
Inventory Turnover: 3.05
Inventory Turnover Ratio of 3.05 suggests a large inventory, a never-out-of-stock situation, perhaps some obsolete items, or it could indicate poor liquidity and possible overstocking of items.
Cash Flow Ratio: 6.37
Cash Flow Ratio of 6.37 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: 21.2%

Value Price

PE and EPS

	Historical	Current	Forward
PE	27.00	8.00	22.81
EPS / Growth	-1.5%	5.94	23.1%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 26.6%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	1.0%	16.9%	16.9%
Future PE	2.00	27.87	27.87
Future EPS	6.56	28.30	28.30
Value Price MOS %	3.24 -93.2%	194.96 310.4%	194.96 310.4%
MOS Price	1.62	97.48	97.48
IRT	7.66	4.92	4.92

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 80.80
Graham MOS: 70.1%

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