Loading...

We've got a brand new version of Simply Wall St! Try it out

Sekisui House

DB:SPH1
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPH1
DB
¥1,612B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Sekisui House, Ltd. designs, constructs, and contracts built-to-order detached houses in Japan and internationally. The last earnings update was 67 days ago. More info.


Add to Portfolio Compare Print
SPH1 Share Price and Events
7 Day Returns
1%
DB:SPH1
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
51.2%
DB:SPH1
4%
DE Consumer Durables
10.4%
DE Market
SPH1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sekisui House (SPH1) 1% 3.7% 25% 51.2% 33.3% 79.9%
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • SPH1 outperformed the Consumer Durables industry which returned 4% over the past year.
  • SPH1 outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
SPH1
Industry
5yr Volatility vs Market

Value

 Is Sekisui House 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 Sekisui House 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 Sekisui House.

DB:SPH1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-07-31) in JPY ¥ 83.424243030303
Payout Ratio Company Filings (2019-07-31) 3674.9%
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:SPH1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 30.86%) (37.24%))
1.036
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.036 * 5.96%)
6.4%

Discounted Cash Flow Calculation for DB:SPH1 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Sekisui House is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:SPH1 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥83.42 / (6.4% - 0.23%)
¥0.09
DB:SPH1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SPH1 represents 0.00827x of TSE:1928
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00827x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,350.73 x 0.00827
€11.17
Value per share (EUR) From above. €11.17
Current discount Discount to share price of €19.50
= -1 x (€19.50 - €11.17) / €11.17
-74.6%

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

  • The current share price of Sekisui House 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 Sekisui House's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sekisui House's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SPH1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-07-31) in JPY ¥215.25
TSE:1928 Share Price ** TSE (2019-11-19) in JPY ¥2358
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

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

** Primary Listing of Sekisui House.

DB:SPH1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:1928 Share Price ÷ EPS (both in JPY)

= 2358 ÷ 215.25

10.95x

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

  • Sekisui House is good value based on earnings compared to the DE Consumer Durables industry average.
  • Sekisui House is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sekisui House's expected growth come at a high price?
Raw Data
DB:SPH1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
0.9%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:SPH1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.95x ÷ 0.9%

12.02x

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

  • Sekisui House is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sekisui House's assets?
Raw Data
DB:SPH1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-07-31) in JPY ¥1,771.69
TSE:1928 Share Price * TSE (2019-11-19) in JPY ¥2358
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:SPH1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:1928 Share Price ÷ Book Value per Share (both in JPY)

= 2358 ÷ 1,771.69

1.33x

* Primary Listing of Sekisui House.

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

  • Sekisui House is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Sekisui House'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Sekisui House has a total score of 3/6, 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.

Future Performance

 How is Sekisui House expected to perform in the next 1 to 3 years based on estimates from 10 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
0.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sekisui House expected to grow at an attractive rate?
  • Sekisui House's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sekisui House's earnings growth is positive but not above the Germany market average.
  • Sekisui House's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SPH1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SPH1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 0.9%
DB:SPH1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2.9%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:SPH1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SPH1 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 2,564,550 126,800 141,700 2
2023-01-31 2,542,700 126,200 141,250 2
2022-01-31 2,554,048 168,800 146,891 8
2021-01-31 2,467,430 180,485 142,337 10
2020-01-31 2,326,309 132,800 138,425 10
2019-11-19
DB:SPH1 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-07-31 2,365,530 420,568 148,179
2019-04-30 2,177,525 129,866
2019-01-31 2,160,316 125,088 128,582
2018-10-31 2,152,731 130,282
2018-07-31 2,152,500 106,059 130,063
2018-04-30 2,178,602 129,777
2018-01-31 2,159,363 165,355 133,224
2017-10-31 2,075,936 124,560
2017-07-31 2,086,793 120,520 130,791
2017-04-30 2,062,297 132,383
2017-01-31 2,026,931 115,820 121,853
2016-10-31 1,940,185 96,279

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sekisui House's earnings are expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
  • Sekisui House's revenue is expected to grow by 2.9% 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
DB:SPH1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Sekisui House Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SPH1 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31 215.55 225.80 205.30 2.00
2023-01-31 212.05 220.10 204.00 2.00
2022-01-31 215.97 237.00 201.27 9.00
2021-01-31 208.80 226.70 177.00 11.00
2020-01-31 201.98 208.50 186.40 11.00
2019-11-19
DB:SPH1 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-07-31 215.25
2019-04-30 188.53
2019-01-31 186.53
2018-10-31 188.87
2018-07-31 188.47
2018-04-30 188.06
2018-01-31 193.06
2017-10-31 180.47
2017-07-31 189.40
2017-04-30 191.34
2017-01-31 175.48
2016-10-31 138.13

*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.
  • Sekisui House is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sekisui House'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Sekisui House 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.

Past Performance

  How has Sekisui House 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 Sekisui House's growth in the last year to its industry (Consumer Durables).
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.
  • Sekisui House's year on year earnings growth rate has been positive over the past 5 years.
  • Sekisui House's 1-year earnings growth exceeds its 5-year average (13.9% vs 11.2%)
  • Sekisui House's earnings growth has exceeded the DE Consumer Durables industry average in the past year (13.9% vs -18.6%).
Earnings and Revenue History
Sekisui House'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 Sekisui House Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SPH1 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-07-31 2,365,530.00 148,179.00 262,069.00
2019-04-30 2,177,525.00 129,866.00 258,115.00
2019-01-31 2,160,316.00 128,582.00 255,373.00
2018-10-31 2,152,731.00 130,282.00 254,934.00
2018-07-31 2,152,500.00 130,063.00 254,707.00
2018-04-30 2,178,602.00 129,777.00 252,996.00
2018-01-31 2,159,363.00 133,224.00 249,541.00
2017-10-31 2,075,936.00 124,560.00 244,361.00
2017-07-31 2,086,793.00 130,791.00 240,239.00
2017-04-30 2,062,297.00 132,383.00 236,697.00
2017-01-31 2,026,931.00 121,853.00 234,132.00
2016-10-31 1,940,185.00 96,279.00 229,917.00
2016-07-31 1,876,929.00 84,317.00 227,913.00
2016-04-30 1,862,408.00 87,972.00 225,999.00
2016-01-31 1,858,879.00 84,302.00 224,222.00
2015-10-31 1,973,075.00 105,284.00 223,146.00
2015-07-31 1,934,147.00 100,099.00 222,477.00
2015-04-30 1,863,006.00 80,723.00 221,680.00
2015-01-31 1,912,721.00 90,224.00 221,851.00
2014-10-31 1,851,160.00 85,120.00 226,129.00
2014-07-31 1,870,002.00 87,939.00 226,673.00
2014-04-30 1,898,950.00 90,519.00 228,455.00
2014-01-31 1,805,102.00 79,801.00 226,569.00
2013-10-31 1,730,658.00 70,462.00 222,173.00
2013-07-31 1,701,054.00 63,425.00 219,288.00
2013-04-30 1,638,149.00 53,972.00 214,998.00
2013-01-31 1,613,816.00 46,458.00 213,306.00

*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.
  • Sekisui House has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sekisui House used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Sekisui House has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sekisui House'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 Consumer Durables 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.
Sekisui House has a total score of 5/6, 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.

Health

 How is Sekisui House'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 Sekisui House's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sekisui House is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sekisui House's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sekisui House'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 2.7x 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 Sekisui House Company Filings, last reported 3 months ago.

DB:SPH1 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-07-31 1,230,790.00 600,171.00 470,966.00
2019-04-30 1,200,070.00 654,907.00 264,507.00
2019-01-31 1,196,922.00 632,781.00 343,358.00
2018-10-31 1,202,273.00 647,716.00 167,050.00
2018-07-31 1,209,517.00 637,317.00 233,673.00
2018-04-30 1,173,385.00 616,947.00 178,567.00
2018-01-31 1,208,119.00 616,339.00 326,423.00
2017-10-31 1,158,203.00 687,029.00 241,082.00
2017-07-31 1,145,204.00 621,297.00 215,276.00
2017-04-30 1,106,793.00 669,833.00 189,694.00
2017-01-31 1,118,263.00 486,591.00 214,207.00
2016-10-31 1,024,814.00 510,229.00 182,121.00
2016-07-31 1,020,675.00 480,080.00 177,554.00
2016-04-30 1,037,298.00 498,046.00 146,168.00
2016-01-31 1,068,425.00 422,451.00 198,037.00
2015-10-31 1,069,357.00 444,275.00 172,423.00
2015-07-31 1,093,781.00 425,962.00 191,488.00
2015-04-30 1,070,488.00 420,728.00 145,368.00
2015-01-31 1,079,063.00 348,036.00 196,428.00
2014-10-31 980,674.00 483,004.00 144,868.00
2014-07-31 962,565.00 419,924.00 143,631.00
2014-04-30 931,709.00 405,613.00 129,134.00
2014-01-31 941,414.00 287,377.00 183,178.00
2013-10-31 875,935.00 328,292.00 121,605.00
2013-07-31 867,546.00 285,269.00 157,535.00
2013-04-30 843,209.00 318,390.00 132,103.00
2013-01-31 814,063.00 267,027.00 182,330.00
  • Sekisui House's level of debt (48.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (43.7% vs 48.8% today).
  • Debt is well covered by operating cash flow (70.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 163.9x coverage).
X
Financial health checks
We assess Sekisui House'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. Sekisui House has a total score of 4/6, 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.

Dividends

 What is Sekisui House'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
3.48%
Current annual income from Sekisui House dividends. Estimated to be 3.54% next year.
If you bought €2,000 of Sekisui House shares you are expected to receive €70 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?
  • Sekisui House's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Sekisui House's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Upcoming dividend payment

Purchase Sekisui House before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:SPH1 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 10 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany 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.

DB:SPH1 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-01-31 85.50 2.00
2023-01-31 84.50 2.00
2022-01-31 85.38 8.00
2021-01-31 83.70 10.00
2020-01-31 81.18 11.00
2019-11-19
DB:SPH1 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-09-05 82.000 3.726
2019-06-07 81.000 4.411
2019-04-26 79.000 4.491
2018-09-13 79.000 4.673
2018-09-06 79.000 4.705
2018-04-27 79.000 4.131
2018-03-08 79.000 4.121
2017-12-14 76.000 3.826
2017-12-08 76.000 3.680
2017-09-13 76.000 3.768
2017-09-07 76.000 4.105
2017-06-12 75.000 3.882
2017-06-09 75.000 3.905
2017-04-28 75.000 3.941
2017-03-09 75.000 4.062
2016-12-14 64.000 3.412
2016-12-08 64.000 3.330
2016-09-13 64.000 3.713
2016-09-08 64.000 3.707
2016-04-28 64.000 3.599
2016-03-10 64.000 3.320
2015-12-14 54.000 2.897
2015-12-10 54.000 2.701
2015-09-10 54.000 2.728
2015-06-04 54.000 2.855
2015-04-24 54.000 2.737
2015-03-05 54.000 3.036
2014-12-12 50.000 3.197
2014-12-05 50.000 3.192
2014-09-12 50.000 3.636
2014-04-24 50.000 3.754
2014-03-06 50.000 3.939
2013-12-05 46.000 3.262
2013-09-13 40.000 2.989
2013-09-05 46.000 3.504
2013-03-07 36.000 2.671
2012-12-14 26.000 2.623
2012-12-06 26.000 3.223
2012-09-13 24.000 3.049
2012-09-06 26.000 3.429
2012-06-07 25.000 3.417
2012-04-27 25.000 3.657
2012-03-08 25.000 3.199
2011-12-14 20.000 2.785
2011-12-08 20.000 2.902
2011-09-13 20.000 2.889
2011-09-08 20.000 2.858
2011-06-09 20.000 2.807
2011-03-07 20.000 2.568
2010-12-14 16.000 1.940
2010-12-09 16.000 1.995
2010-09-13 16.000 2.066
2010-09-09 16.000 2.159
2010-06-11 21.000 2.710
2010-06-10 21.000 2.528
2010-03-01 21.000 2.366
2009-12-14 20.000 2.339
2009-12-03 20.000 2.522
2009-09-11 20.000 2.549
2009-09-01 20.000 2.324
2009-06-03 20.000 2.218
2009-03-02 20.000 2.498
2008-12-01 24.000 3.258

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 Sekisui House's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x 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 Sekisui House's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Sekisui House afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sekisui House has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sekisui House'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
Yoshihiro Nakai
AGE 54
TENURE AS CEO 1.8 years
CEO Bio

Yoshihiro Nakai serves as President and Representative Director at Sekisui House Ltd. Yoshihiro Nakai served as Senior Managing Officer of Sekisui House Ltd. and served as its Executive Officer until April 5, 2016. Yoshihiro Nakai serves as Managing Executive Officer, Head of Corporate Planning, Accounting & Finance and Director at Sekisui House Ltd.

CEO Compensation
  • Insufficient data for Yoshihiro to compare compensation growth.
  • Insufficient data for Yoshihiro to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Yoshihiro Nakai

TITLE
President & Representative Director
AGE
54
TENURE
1.8 yrs

Hideyuki Kamijo

TITLE
Managing Officer and Head of Accounting & Finance Department

Toshiharu Miura

TITLE
Managing Officer

Takashi Uchida

TITLE
Executive VP & Representative Director
AGE
68

Fumiyasu Suguro

TITLE
Senior Managing Officer
AGE
62
TENURE
3.6 yrs

Michio Yoshizaki

TITLE
Executive Officer & Head of Fukuoka Mansion Business

Noboru Ashida

TITLE
Managing Officer and GM of China & Shikoku Sales

Kunpei Nishida

TITLE
Senior Managing Officer & Director
AGE
65

Hiroyuki Satoh

TITLE
Managing Officer & Head of Production

Yosuke Horiuchi

TITLE
Senior Managing Officer & Director
AGE
63
Board of Directors Tenure

Average tenure and age of the Sekisui House board of directors in years:

1.8
Average Tenure
68
Average Age
  • The average tenure for the Sekisui House board of directors is less than 3 years, this suggests a new board.
Board of Directors

Toshinori Abe

TITLE
Chairman
COMPENSATION
¥181M
AGE
68
TENURE
1.8 yrs

Yoshihiro Nakai

TITLE
President & Representative Director
AGE
54
TENURE
3.5 yrs

Shiro Inagaki

TITLE
Vice Chairman
AGE
69
TENURE
1.8 yrs

Toshiharu Miura

TITLE
Managing Officer
TENURE
1.6 yrs

Takashi Uchida

TITLE
Executive VP & Representative Director
AGE
68

Fumiyasu Suguro

TITLE
Senior Managing Officer
AGE
62

Kunpei Nishida

TITLE
Senior Managing Officer & Director
AGE
65

Yosuke Horiuchi

TITLE
Senior Managing Officer & Director
AGE
63
TENURE
3.5 yrs

Teruyuki Saegusa

TITLE
External Director
AGE
79

Shiro Wakui

TITLE
External Director
AGE
74
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sekisui House'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. Sekisui House 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.

News

Simply Wall St News

Company Info

Description

Sekisui House, Ltd. designs, constructs, and contracts built-to-order detached houses in Japan and internationally. It also engages in the design, construction, and contracting of built-to-order properties for lease, medical and nursing care facilities, and other buildings; remodeling of residential properties; sub-lease, management, operation, and brokerage of real estate; sale of houses, land, and condominiums; and development of office and commercial buildings, as well as management and operation of owned properties. The company was founded in 1960 and is headquartered in Osaka, Japan.

Details
Name: Sekisui House, Ltd.
SPH1
Exchange: DB
Founded: 1960
¥13,404,108,195
683,421,535
Website: http://www.sekisuihouse.co.jp
Address: Sekisui House, Ltd.
Tower East Umeda Sky Building,
1-88 Oyodonaka 1-chome,
Osaka,
531-0076,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 1928 Common Stock The Tokyo Stock Exchange JP JPY 02. Jan 1992
OTCPK SKHS.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB SPH1 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK SKHS.Y SPONSORED ADR Pink Sheets LLC US USD 06. Jan 1975
Number of employees
Current staff
Staff numbers
24,775
Sekisui House employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 20:59
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/09/13
Last earnings reported: 2019/07/31
Last annual earnings reported: 2019/01/31


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.