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Sumitomo Osaka Cement

TSE:5232
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5232
TSE
¥130B
Market Cap
  1. Home
  2. JP
  3. Materials
Company description

Sumitomo Osaka Cement Co., Ltd. engages in the cement production business in Japan and internationally. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • Sumitomo Osaka Cement has significant price volatility in the past 3 months.
5232 Share Price and Events
7 Day Returns
11.4%
TSE:5232
8.2%
JP Basic Materials
5.1%
JP Market
1 Year Returns
-25.5%
TSE:5232
-36.1%
JP Basic Materials
-10.9%
JP Market
5232 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sumitomo Osaka Cement (5232) 11.4% -4.9% -28.1% -25.5% -25.6% -15.3%
JP Basic Materials 8.2% -6.9% -32.3% -36.1% -33.9% -31.6%
JP Market 5.1% 1.7% -17.6% -10.9% -3% -7.5%
1 Year Return vs Industry and Market
  • 5232 outperformed the Basic Materials industry which returned -36.1% over the past year.
  • 5232 underperformed the Market in Japan which returned -10.9% over the past year.
Price Volatility
5232
Industry
5yr Volatility vs Market

5232 Value

 Is Sumitomo Osaka Cement 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 Sumitomo Osaka Cement 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 Sumitomo Osaka Cement.

TSE:5232 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

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 TSE:5232
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 30.86%) (45.53%))
1.079
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.079 * 6.33%)
6.74%

Discounted Cash Flow Calculation for TSE:5232 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sumitomo Osaka Cement is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSE:5232 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.74%)
2020 12,149.00 Analyst x4 11,381.52
2021 10,499.75 Analyst x4 9,215.07
2022 11,751.00 Analyst x4 9,661.71
2023 11,569.00 Analyst x1 8,911.17
2024 11,906.00 Analyst x1 8,591.41
2025 12,122.46 Est @ 1.82% 8,195.01
2026 12,273.46 Est @ 1.25% 7,772.94
2027 12,377.17 Est @ 0.84% 7,343.43
2028 12,447.03 Est @ 0.56% 6,918.37
2029 12,492.85 Est @ 0.37% 6,505.18
Present value of next 10 years cash flows ¥84,495.00
TSE:5232 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥12,492.85 × (1 + -0.09%) ÷ (6.74% – -0.09%)
¥182,661.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥182,661.05 ÷ (1 + 6.74%)10
¥95,113.79
TSE:5232 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥84,495.00 + ¥95,113.79
¥179,608.79
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥179,608.79 / 38.57
¥4657.07
TSE:5232 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥4,657.07
Current discount Discount to share price of ¥3,370.00
= -1 x (¥3,370.00 - ¥4,657.07) / ¥4,657.07
27.6%

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

Current Discount
Amount off the current price Sumitomo Osaka Cement is available for.
Intrinsic value
28%
Share price is ¥3370 vs Future cash flow value of ¥4657.07
Current Discount Checks
For Sumitomo Osaka Cement to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sumitomo Osaka Cement's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sumitomo Osaka Cement's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Sumitomo Osaka Cement's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sumitomo Osaka Cement's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:5232 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥272.70
TSE:5232 Share Price ** TSE (2020-04-09) in JPY ¥3370
Japan Basic Materials Industry PE Ratio Median Figure of 21 Publicly-Listed Basic Materials Companies 6.21x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 12.4x

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

** Primary Listing of Sumitomo Osaka Cement.

TSE:5232 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5232 Share Price ÷ EPS (both in JPY)

= 3370 ÷ 272.70

12.36x

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

  • Sumitomo Osaka Cement is overvalued based on earnings compared to the JP Basic Materials industry average.
  • Sumitomo Osaka Cement is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Sumitomo Osaka Cement's expected growth come at a high price?
Raw Data
TSE:5232 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
6%per year
Japan Basic Materials Industry PEG Ratio Median Figure of 6 Publicly-Listed Basic Materials Companies 0.64x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

TSE:5232 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.36x ÷ 6%

2.07x

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

  • Sumitomo Osaka Cement is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sumitomo Osaka Cement's assets?
Raw Data
TSE:5232 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥5,207.65
TSE:5232 Share Price * TSE (2020-04-09) in JPY ¥3370
Japan Basic Materials Industry PB Ratio Median Figure of 22 Publicly-Listed Basic Materials Companies 0.52x
Japan Market PB Ratio Median Figure of 3,578 Publicly-Listed Companies 0.86x
TSE:5232 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5232 Share Price ÷ Book Value per Share (both in JPY)

= 3370 ÷ 5,207.65

0.65x

* Primary Listing of Sumitomo Osaka Cement.

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

  • Sumitomo Osaka Cement is overvalued based on assets compared to the JP Basic Materials industry average.
X
Value checks
We assess Sumitomo Osaka Cement'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. Sumitomo Osaka Cement has a total score of 2/6, 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.

5232 Future Performance

 How is Sumitomo Osaka Cement expected to perform in the next 1 to 3 years based on estimates from 5 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
6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sumitomo Osaka Cement expected to grow at an attractive rate?
  • Sumitomo Osaka Cement's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Sumitomo Osaka Cement's earnings growth is positive but not above the Japan market average.
  • Sumitomo Osaka Cement's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:5232 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:5232 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 6%
TSE:5232 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 1.3%
Japan Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 9.8%
Japan Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.3%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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
TSE:5232 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:5232 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 258,600 28,906 13,000 1
2023-03-31 257,700 28,569 12,850 1
2022-03-31 252,260 30,126 12,800 5
2021-03-31 249,780 29,000 12,270 5
2020-04-09
2020-03-31 245,840 31,649 10,720 5
TSE:5232 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 244,822 10,522
2019-09-30 249,987 31,648 9,995
2019-06-30 249,789 7,746
2019-03-31 251,061 29,252 7,799
2018-12-31 251,993 9,031
2018-09-30 248,242 26,955 10,270
2018-06-30 247,673 14,062
2018-03-31 244,826 26,470 14,659
2017-12-31 243,930 13,948
2017-09-30 241,121 27,422 14,952
2017-06-30 238,424 15,937
2017-03-31 234,062 29,231 16,210

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sumitomo Osaka Cement's earnings are expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
  • Sumitomo Osaka Cement's revenue is expected to grow by 1.3% 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
TSE:5232 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 5 Analyst Estimates (S&P Global) See Below

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

TSE:5232 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 337.00 337.00 337.00 1.00
2023-03-31 333.10 333.10 333.10 1.00
2022-03-31 336.14 357.80 321.50 5.00
2021-03-31 322.18 350.00 307.20 5.00
2020-04-09
2020-03-31 277.92 298.10 267.00 5.00
TSE:5232 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 272.70
2019-09-30 258.84
2019-06-30 200.14
2019-03-31 199.14
2018-12-31 227.77
2018-09-30 255.95
2018-06-30 346.87
2018-03-31 361.20
2017-12-31 343.66
2017-09-30 368.38
2017-06-30 392.63
2017-03-31 399.34

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

5232 Past Performance

  How has Sumitomo Osaka Cement 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 Sumitomo Osaka Cement's growth in the last year to its industry (Basic Materials).
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.
  • Sumitomo Osaka Cement's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Sumitomo Osaka Cement's 1-year earnings growth exceeds its 5-year average (16.5% vs -9.7%)
  • Sumitomo Osaka Cement's earnings growth has exceeded the JP Basic Materials industry average in the past year (16.5% vs -7.7%).
Earnings and Revenue History
Sumitomo Osaka Cement'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 Sumitomo Osaka Cement Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:5232 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 244,822.00 10,522.00 32,277.00 3,233.00
2019-09-30 249,987.00 9,995.00 32,712.00 3,233.00
2019-06-30 249,789.00 7,746.00 32,638.00 3,233.00
2019-03-31 251,061.00 7,799.00 32,893.00 3,233.00
2018-12-31 251,993.00 9,031.00 33,137.00 2,976.00
2018-09-30 248,242.00 10,270.00 33,115.00 2,976.00
2018-06-30 247,673.00 14,062.00 33,033.00 2,976.00
2018-03-31 244,826.00 14,659.00 32,688.00 2,976.00
2017-12-31 243,930.00 13,948.00 32,674.00 2,969.00
2017-09-30 241,121.00 14,952.00 32,392.00 2,969.00
2017-06-30 238,424.00 15,937.00 32,917.00 2,969.00
2017-03-31 234,062.00 16,210.00 32,750.00 2,969.00
2016-12-31 229,722.00 16,457.00 32,504.00 3,060.00
2016-09-30 228,975.00 16,450.00 32,305.00 3,060.00
2016-06-30 230,401.00 15,956.00 32,239.00 3,060.00
2016-03-31 234,192.00 16,110.00 32,043.00 3,060.00
2015-12-31 238,046.00 16,915.00 32,077.00 3,064.00
2015-09-30 238,696.00 16,855.00 32,117.00 3,064.00
2015-06-30 237,749.00 14,151.00 31,835.00 3,064.00
2015-03-31 234,539.00 13,337.00 32,108.00 3,064.00
2014-12-31 233,751.00 11,762.00 32,259.00 3,507.00
2014-09-30 235,389.00 11,715.00 32,158.00 3,507.00
2014-06-30 235,037.00 13,168.00 32,585.00 3,507.00
2014-03-31 235,078.00 13,331.00 32,459.00 3,507.00
2013-12-31 229,620.00 12,978.00 31,353.00 3,750.00
2013-09-30 223,800.00 10,922.00 31,696.00 3,750.00
2013-06-30 219,734.00 8,984.00 31,076.00 3,750.00

*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.
  • Sumitomo Osaka Cement has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sumitomo Osaka Cement used its assets less efficiently than the JP Basic Materials industry average last year based on Return on Assets.
  • Sumitomo Osaka Cement's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sumitomo Osaka Cement'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 Basic Materials 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.
Sumitomo Osaka Cement has a total score of 2/6, 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.

5232 Health

 How is Sumitomo Osaka Cement'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 Sumitomo Osaka Cement's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sumitomo Osaka Cement is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sumitomo Osaka Cement's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sumitomo Osaka Cement'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 1.6x 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 Sumitomo Osaka Cement Company Filings, last reported 3 months ago.

TSE:5232 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 202,771.00 59,177.00 16,285.00
2019-09-30 200,011.00 61,502.00 21,926.00
2019-06-30 196,172.00 65,000.00 20,739.00
2019-03-31 194,136.00 61,062.00 15,333.00
2018-12-31 188,012.00 64,392.00 13,855.00
2018-09-30 191,256.00 64,733.00 16,984.00
2018-06-30 199,254.00 63,553.00 11,723.00
2018-03-31 204,157.00 61,806.00 22,204.00
2017-12-31 203,758.00 61,819.00 19,678.00
2017-09-30 198,987.00 62,754.00 25,991.00
2017-06-30 194,299.00 64,594.00 25,183.00
2017-03-31 195,867.00 64,216.00 26,828.00
2016-12-31 191,971.00 67,272.00 26,074.00
2016-09-30 183,632.00 66,854.00 27,612.00
2016-06-30 176,987.00 76,091.00 31,458.00
2016-03-31 177,246.00 76,506.00 31,536.00
2015-12-31 178,117.00 79,999.00 26,937.00
2015-09-30 173,066.00 80,593.00 28,139.00
2015-06-30 176,149.00 82,700.00 24,660.00
2015-03-31 175,754.00 84,324.00 30,289.00
2014-12-31 167,256.00 82,942.00 19,395.00
2014-09-30 160,151.00 87,761.00 24,660.00
2014-06-30 157,380.00 97,868.00 29,438.00
2014-03-31 154,820.00 98,146.00 32,081.00
2013-12-31 155,603.00 102,118.00 29,004.00
2013-09-30 149,201.00 102,687.00 29,743.00
2013-06-30 144,928.00 102,400.00 21,495.00
  • Sumitomo Osaka Cement's level of debt (29.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (49.6% vs 29.2% today).
  • Debt is well covered by operating cash flow (53.5%, greater than 20% of total debt).
  • Sumitomo Osaka Cement earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sumitomo Osaka Cement'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. Sumitomo Osaka Cement has a total score of 6/6, 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.

5232 Dividends

 What is Sumitomo Osaka Cement'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
3.56%
Current annual income from Sumitomo Osaka Cement dividends. Estimated to be 3.65% next year.
If you bought ¥2,000 of Sumitomo Osaka Cement shares you are expected to receive ¥71 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?
  • Sumitomo Osaka Cement's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.7%).
  • Sumitomo Osaka Cement's dividend is below the markets top 25% of dividend payers in Japan (3.92%).
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
TSE:5232 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 5 Analyst Estimates (S&P Global) See Below
Japan Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 3.5%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2987 Stocks 2.8%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.7%
Japan Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSE:5232 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 130.00 1.00
2023-03-31 130.00 1.00
2022-03-31 122.00 5.00
2021-03-31 121.00 5.00
2020-04-09
2020-03-31 120.00 5.00
TSE:5232 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-11 120.000 2.878
2019-11-07 120.000 2.447
2019-06-27 120.000 2.691
2019-05-15 120.000 2.752
2019-02-13 110.000 2.440
2019-02-08 110.000 2.389
2018-11-13 110.000 2.319
2018-11-07 110.000 2.433
2018-06-28 110.000 2.292
2018-05-10 110.000 2.157
2018-02-13 110.000 2.297
2018-02-09 110.000 2.314
2017-11-13 110.000 2.069
2017-11-07 110.000 2.225
2017-06-29 110.000 2.158
2017-05-11 110.000 2.200
2017-02-13 100.000 2.126
2017-02-09 100.000 2.187
2016-11-10 100.000 2.320
2016-11-08 100.000 2.624
2016-06-29 90.000 1.957
2016-05-12 90.000 2.081
2016-02-09 80.000 1.801
2015-11-12 80.000 1.730
2015-11-05 80.000 1.584
2015-06-26 70.000 1.505
2015-05-14 70.000 1.576
2015-02-10 50.000 1.328
2014-11-13 70.000 2.022
2014-11-06 70.000 1.925
2014-06-27 50.000 1.400
2014-05-13 50.000 1.319
2014-02-13 50.000 1.220
2013-11-13 50.000 1.274
2013-11-06 50.000 1.257
2013-08-06 50.000 1.334
2013-05-14 50.000 1.584
2013-02-13 50.000 1.784
2012-11-07 50.000 1.760
2012-08-03 50.000 1.890
2012-06-28 50.000 1.913
2012-05-11 50.000 2.149
2012-02-14 40.000 1.664
2011-11-08 40.000 1.754
2011-08-04 40.000 1.693
2011-06-29 40.000 1.784
2011-05-13 40.000 1.872
2010-06-29 40.000 2.219
2010-05-14 40.000 2.257
2010-02-10 40.000 2.521
2009-11-05 40.000 2.785
2009-08-05 40.000 2.259
2009-06-26 40.000 2.106
2009-05-14 40.000 1.915

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 Sumitomo Osaka Cement's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x 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 Sumitomo Osaka Cement's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Sumitomo Osaka Cement afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sumitomo Osaka Cement 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.

5232 Management

 What is the CEO of Sumitomo Osaka Cement'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
Fukuichi Sekine
AGE 68
CEO Bio

Mr. Fukuichi Sekine serves as the President of Sumitomo Osaka Cement Co. Ltd. Mr. Sekine served as a Managing Executive Officer of Sumitomo Osaka Cement Co. Ltd. He serves as a Representative Director of Sumitomo Osaka Cement Co. Ltd.

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

Average tenure of the Sumitomo Osaka Cement management team in years:

2.3
Average Tenure
  • The tenure for the Sumitomo Osaka Cement management team is about average.
Management Team

Fukuichi Sekine

TITLE
President & Representative Director
AGE
68

Toshihiko Onishi

TITLE
Senior Managing Executive Officer & Director

Ryoji Ogi

TITLE
Managing Executive Officer
TENURE
2.3 yrs

Hirotsune Morohashi

TITLE
Managing Executive Officer & Director
TENURE
2.8 yrs

Mikio Konishi

TITLE
Managing Executive Officer & Director
TENURE
2.3 yrs

Hideki Aoki

TITLE
Managing Executive Officer & Director
TENURE
2.3 yrs

Ryoji Doi

TITLE
Managing Executive Officer & Director
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Sumitomo Osaka Cement board of directors in years:

1.8
Average Tenure
72.5
Average Age
  • The average tenure for the Sumitomo Osaka Cement board of directors is less than 3 years, this suggests a new board.
Board of Directors

Fukuichi Sekine

TITLE
President & Representative Director
AGE
68

Toshihiko Onishi

TITLE
Senior Managing Executive Officer & Director
TENURE
3.8 yrs

Hirotsune Morohashi

TITLE
Managing Executive Officer & Director
TENURE
1.3 yrs

Mikio Konishi

TITLE
Managing Executive Officer & Director
TENURE
2.3 yrs

Hideki Aoki

TITLE
Managing Executive Officer & Director
TENURE
1.3 yrs

Ryoji Doi

TITLE
Managing Executive Officer & Director
TENURE
1.3 yrs

Kunitaro Saida

TITLE
Outside Director
AGE
76

Mitsuko Makino

TITLE
Outside Director
TENURE
2.3 yrs

Shoji Hosaka

TITLE
Outside Company Auditor
AGE
73

Kazuo Suzuki

TITLE
Outside Company Auditor
AGE
72
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 Sumitomo Osaka Cement'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. Sumitomo Osaka Cement 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.

5232 News

Simply Wall St News

5232 Company Info

Description

Sumitomo Osaka Cement Co., Ltd. engages in the cement production business in Japan and internationally. The company’s Cement segment offers assorted cement, ready-mix concrete, and cement-related solidification materials; supplies electrical power; and recycles raw materials and fuels. Its Mineral Resources segment supplies limestone to the steel, chemical, and cement industries, as well as electric power companies; calcium carbonate powder for thermal power stations; aggregates for cement and civil engineering; limestone and silica powder for flue-gas desulfurization or construction materials; and dolomite, slag, etc. for steel, construction materials, fertilizers, paper, and ready mixed concrete. This segment also exports its products to Taiwan and South Korea, as well as countries in Southeast Asia. The company’s Cement-Related Products segment manufactures and sells repairing and reinforcing products for concrete structures. It is also involved in the development of materials for coping with heavy metal pollution; protection for concrete structures; and artificial marine reefs. Its Optoelectronics segment manufactures and sells optical communications devices and components, optical measurement equipment, and optical transceivers. The company’s Advanced Materials segment offers ceramic components for semiconductor manufacturing equipment; nanoparticle materials; antibacterial agents; cosmetics; and functional paints. Its Battery Materials segment provides rechargeable battery cathode materials. The company’s Other segment leases real estate properties; provides engineering services; and develops software. Sumitomo Osaka Cement Co., Ltd. was founded in 1907 and is headquartered in Tokyo, Japan.

Details
Name: Sumitomo Osaka Cement Co., Ltd.
5232
Exchange: TSE
Founded: 1907
¥129,970,614,760
38,566,948
Website: http://www.soc.co.jp
Address: Sumitomo Osaka Cement Co., Ltd.
6-28, Rokubancho,
Chiyoda-ku,
Tokyo,
102-8465,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5232 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SUCE.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB SU2 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
2,974
Sumitomo Osaka Cement employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:35
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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.