NHK Spring Co (TSE:5991) 5-Year Yield-on-Cost % : 5.06 (As of May. 31, 2024)

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What is NHK Spring Co 5-Year Yield-on-Cost %?

NHK Spring Co's yield on cost for the quarter that ended in Dec. 2023 was 5.06.

The historical rank and industry rank for NHK Spring Co's 5-Year Yield-on-Cost % or its related term are showing as below:

TSE:5991' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.43 Med: 4.5 Max: 8.01
Current: 5.06

During the past 13 years, NHK Spring Co's highest Yield on Cost was 8.01. The lowest was 2.43. And the median was 4.50.

TSE:5991's 5-Year Yield-on-Cost % is ranked better than
75.37% of 812 companies
in the Vehicles & Parts industry
Industry Median: 2.385 vs TSE:5991: 5.06

Competitive Comparison of NHK Spring Co's 5-Year Yield-on-Cost %

For the Auto Parts subindustry, NHK Spring Co's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NHK Spring Co's 5-Year Yield-on-Cost % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NHK Spring Co's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where NHK Spring Co's 5-Year Yield-on-Cost % falls into.

NHK Spring Co 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of NHK Spring Co is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

NHK Spring Co (TSE:5991) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

NHK Spring Co 5-Year Yield-on-Cost % Related Terms

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NHK Spring Co (TSE:5991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NHK Spring Co Ltd (TSE:5991) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

NHK:Germany

Address

3-10 Fukuura, Kanazawa-ku, Yokohama, JPN, 236-0004

Website

http://www.nhkspg.co.jp

NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company also produces leaf springs, coil springs, stabilizer bars, torsion bars, gas springs, automobile seats and seating components, hard disk drives suspensions and mechanical components, LCD/semiconductor testing probe units, and industrial machinery and equipment parts. The automotive suspension springs and precision springs segments and automotive seating segment generate the majority of NHK Spring's revenue. Geographically, Japan is the largest end market followed by other Asian countries and North America.

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