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DMS

JASDAQ:9782
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9782
JASDAQ
¥14B
Market Cap
  1. Home
  2. JP
  3. Media
Company description

DMS Inc. engages in direct mail service business in Japan. The last earnings update was 75 days ago. More info.


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9782 Share Price and Events
7 Day Returns
2.1%
JASDAQ:9782
-2%
JP Media
-1.8%
JP Market
1 Year Returns
45.7%
JASDAQ:9782
-7.7%
JP Media
10.5%
JP Market
9782 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DMS (9782) 2.1% 8.6% 3.4% 45.7% 161.7% 201.9%
JP Media -2% -2.8% 2.4% -7.7% -6.3% 3.5%
JP Market -1.8% -1.1% 3.1% 10.5% 12.4% 24.9%
1 Year Return vs Industry and Market
  • 9782 outperformed the Media industry which returned -7.7% over the past year.
  • 9782 outperformed the Market in Japan which returned 10.5% over the past year.
Price Volatility
9782
Industry
5yr Volatility vs Market

Value

 Is DMS 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 DMS 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 DMS.

JASDAQ:9782 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.4%
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 JASDAQ:9782
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.773 (1 + (1- 30.86%) (4.88%))
0.865
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.865 * 6.33%)
5.39%

Discounted Cash Flow Calculation for JASDAQ:9782 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DMS 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.

JASDAQ:9782 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.39%)
2020 1,129.04 Est @ 2.7% 1,071.34
2021 1,150.07 Est @ 1.86% 1,035.53
2022 1,164.76 Est @ 1.28% 995.16
2023 1,174.86 Est @ 0.87% 952.49
2024 1,181.67 Est @ 0.58% 909.05
2025 1,186.15 Est @ 0.38% 865.86
2026 1,188.98 Est @ 0.24% 823.57
2027 1,190.64 Est @ 0.14% 782.58
2028 1,191.48 Est @ 0.07% 743.11
2029 1,191.75 Est @ 0.02% 705.29
Present value of next 10 years cash flows ¥8,883.00
JASDAQ:9782 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥1,191.75 × (1 + -0.09%) ÷ (5.39% – -0.09%)
¥21,744.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥21,744.82 ÷ (1 + 5.39%)10
¥12,868.84
JASDAQ:9782 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥8,883.00 + ¥12,868.84
¥21,751.84
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥21,751.84 / 5.82
¥3735.52
JASDAQ:9782 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥3,735.52
Current discount Discount to share price of ¥2,376.00
= -1 x (¥2,376.00 - ¥3,735.52) / ¥3,735.52
36.4%

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

Current Discount
Amount off the current price DMS is available for.
Intrinsic value
36%
Share price is ¥2376 vs Future cash flow value of ¥3735.52
Current Discount Checks
For DMS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DMS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • DMS'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 DMS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DMS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JASDAQ:9782 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥192.85
JASDAQ:9782 Share Price ** JASDAQ (2020-01-28) in JPY ¥2376
Japan Media Industry PE Ratio Median Figure of 74 Publicly-Listed Media Companies 18.59x
Japan Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 15.74x

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

** Primary Listing of DMS.

JASDAQ:9782 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JASDAQ:9782 Share Price ÷ EPS (both in JPY)

= 2376 ÷ 192.85

12.32x

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

  • DMS is good value based on earnings compared to the JP Media industry average.
  • DMS is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does DMS's expected growth come at a high price?
Raw Data
JASDAQ:9782 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Media Industry PEG Ratio Median Figure of 29 Publicly-Listed Media Companies 1.82x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.83x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for DMS, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DMS's assets?
Raw Data
JASDAQ:9782 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥2,055.13
JASDAQ:9782 Share Price * JASDAQ (2020-01-28) in JPY ¥2376
Japan Media Industry PB Ratio Median Figure of 92 Publicly-Listed Media Companies 1.74x
Japan Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.14x
JASDAQ:9782 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:9782 Share Price ÷ Book Value per Share (both in JPY)

= 2376 ÷ 2,055.13

1.16x

* Primary Listing of DMS.

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

  • DMS is good value based on assets compared to the JP Media industry average.
X
Value checks
We assess DMS'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. DMS has a total score of 4/6, 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 DMS expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as DMS has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
14.7%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DMS expected to grow at an attractive rate?
  • Unable to compare DMS's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare DMS's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare DMS's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JASDAQ:9782 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Media Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Japan Media Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
JASDAQ:9782 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JASDAQ:9782 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JASDAQ:9782 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 27,857 1,854 1,123
2019-06-30 26,839 1,024
2019-03-31 26,779 1,569 953
2018-12-31 26,343 907
2018-09-30 25,844 925 886
2018-06-30 25,146 853
2018-03-31 24,004 1,403 767
2017-12-31 24,089 866
2017-09-30 23,402 1,672 821
2017-06-30 22,962 818
2017-03-31 22,655 1,662 824
2016-12-31 22,328 746

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if DMS is high growth as no earnings estimate data is available.
  • Unable to determine if DMS is high growth as no revenue estimate data is available.
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
JASDAQ:9782 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 0 Analyst Estimates (S&P Global) See Below

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

JASDAQ:9782 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JASDAQ:9782 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 192.85
2019-06-30 175.85
2019-03-31 163.66
2018-12-31 155.76
2018-09-30 152.15
2018-06-30 146.49
2018-03-31 131.72
2017-12-31 148.72
2017-09-30 140.99
2017-06-30 140.47
2017-03-31 141.50
2016-12-31 128.11

*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.
  • Unable to establish if DMS will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether DMS is trading at DMS'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. DMS's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess DMS'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.
DMS has a total score of 0/6, 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 DMS 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 DMS's growth in the last year to its industry (Media).
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.
  • DMS's year on year earnings growth rate has been positive over the past 5 years.
  • DMS's 1-year earnings growth exceeds its 5-year average (26.7% vs 9.3%)
  • DMS's earnings growth has exceeded the JP Media industry average in the past year (26.7% vs -13.3%).
Earnings and Revenue History
DMS'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 DMS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:9782 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 27,857.00 1,123.00 1,313.00
2019-06-30 26,839.00 1,024.00 1,317.00
2019-03-31 26,779.00 953.00 1,297.00
2018-12-31 26,343.00 907.00 1,302.00
2018-09-30 25,844.00 886.00 1,271.00
2018-06-30 25,146.00 853.00 1,246.00
2018-03-31 24,004.00 767.00 1,222.00
2017-12-31 24,089.00 866.00 1,222.00
2017-09-30 23,402.00 821.00 1,219.00
2017-06-30 22,962.00 818.00 1,151.00
2017-03-31 22,655.00 824.00 1,137.00
2016-12-31 22,328.00 746.00 1,145.00
2016-09-30 22,161.00 749.00 1,121.00
2016-06-30 21,919.00 724.00 1,146.00
2016-03-31 21,108.00 687.00 1,138.00
2015-12-31 20,855.00 638.00 1,112.00
2015-09-30 19,935.00 663.00 1,113.00
2015-06-30 19,026.00 634.00 1,126.00
2015-03-31 18,740.00 656.00 1,131.00
2014-12-31 18,491.00 720.00 1,115.00
2014-09-30 18,336.00 731.00 1,108.00
2014-06-30 18,341.00 723.00 1,135.00
2014-03-31 18,277.00 729.00 1,134.00
2013-12-31 18,245.00 748.00 1,139.00
2013-09-30 17,801.00 718.00 1,159.00
2013-06-30 17,360.00 625.00 1,131.00
2013-03-31 17,365.00 596.00 1,162.00

*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.
  • DMS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DMS used its assets more efficiently than the JP Media industry average last year based on Return on Assets.
  • DMS has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess DMS'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 Media 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.
DMS 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 DMS'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 DMS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DMS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DMS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of DMS'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 16.5x 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 DMS Company Filings, last reported 3 months ago.

JASDAQ:9782 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 11,967.00 435.00 2,903.00
2019-06-30 11,645.00 469.00 2,201.00
2019-03-31 11,493.00 502.00 2,624.00
2018-12-31 11,240.00 536.00 1,724.00
2018-09-30 11,010.00 569.00 1,612.00
2018-06-30 10,817.00 603.00 1,570.00
2018-03-31 10,702.00 639.00 1,586.00
2017-12-31 10,538.00 677.00 865.00
2017-09-30 10,243.00 956.00 1,758.00
2017-06-30 10,088.00 1,116.00 1,666.00
2017-03-31 10,017.00 1,132.00 1,440.00
2016-12-31 9,689.00 1,162.00 759.00
2016-09-30 9,394.00 1,193.00 1,742.00
2016-06-30 9,224.00 1,315.00 1,567.00
2016-03-31 9,189.00 1,397.00 1,424.00
2015-12-31 9,161.00 1,520.00 1,218.00
2015-09-30 8,899.00 1,611.00 1,754.00
2015-06-30 8,822.00 1,733.00 1,536.00
2015-03-31 8,778.00 1,810.00 1,604.00
2014-12-31 8,486.00 1,933.00 1,218.00
2014-09-30 8,231.00 2,024.00 1,947.00
2014-06-30 8,133.00 2,154.00 1,914.00
2014-03-31 7,922.00 2,246.00 1,613.00
2013-12-31 7,741.00 2,355.00 1,266.00
2013-09-30 7,440.00 2,465.00 1,379.00
2013-06-30 7,297.00 2,574.00 1,472.00
2013-03-31 7,203.00 2,684.00 1,676.00
  • DMS's level of debt (3.6%) 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 (24.6% vs 3.6% today).
  • Debt is well covered by operating cash flow (426.2%, greater than 20% of total debt).
  • DMS earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess DMS'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. DMS 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.

Dividends

 What is DMS'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
0.93%
Current annual income from DMS dividends.
If you bought ¥2,000 of DMS shares you are expected to receive ¥19 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?
  • DMS's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • DMS's dividend is below the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment

Purchase DMS 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
JASDAQ:9782 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 0 Analyst Estimates (S&P Global) See Below
Japan Media Industry Average Dividend Yield Market Cap Weighted Average of 64 Stocks 2%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2975 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

JASDAQ:9782 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
JASDAQ:9782 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-21 22.000 1.042
2019-05-09 22.000 1.144
2018-06-22 20.000 1.234
2018-05-07 20.000 1.465
2018-01-26 20.000 1.322
2017-06-26 17.000 1.285
2017-05-10 17.000 1.597
2017-01-27 17.000 1.875
2016-10-26 17.000 1.934
2016-06-28 15.000 2.185
2016-05-09 15.000 2.204
2015-06-25 15.000 2.153
2015-05-08 15.000 2.003
2014-06-26 15.000 1.986
2014-05-01 15.000 1.991
2013-06-26 15.000 1.974
2013-05-17 15.000 2.265
2012-07-27 15.000 3.359
2012-06-27 15.000 3.781
2012-05-17 15.000 3.965
2012-01-30 15.000 3.896
2011-10-31 15.000 4.244
2011-07-29 15.000 4.179
2011-06-28 15.000 4.154
2011-05-17 15.000 4.256
2011-01-31 20.000 5.140
2010-06-28 20.000 5.119
2010-05-18 20.000 5.016
2009-06-26 20.000 5.041

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 DMS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.2x 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 DMS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 DMS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DMS has a total score of 2/6, 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 DMS'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
Katsuhiko Yamamoto
AGE 50
TENURE AS CEO 18.8 years
CEO Bio

Mr. Katsuhiko Yamamoto has been the President and Representative Director at DMS, Inc. April 2001 and served as its Chief Executive Officer. Mr. Yamamoto has been the General Manager of Administration since June 2008. He was with The Dai-ichi Kangyo Bank, Ltd. from April 1995 to June 1998. He Joined DMS, Inc. on July 1998 and served as its Chief Office of the President since May 2000; General Manager of Promotion Division since February 2001; and General Manager of Sales Division since April 2001. He Graduated from the Political Economy Dept., Seikei University in March 1991 and an Master in Business Administration from Boston University, USA from June 1994.

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

Katsuhiko Yamamoto

TITLE
President
AGE
50
TENURE
18.8 yrs

Kiyoshi Sakamoto

TITLE
Chief of Osaka Branch
AGE
63
TENURE
4.5 yrs

Ryoichi Kai

TITLE
Executive Officer and Director
AGE
63

Kiyoka Shinohara

TITLE
Executive Officer and Director
AGE
65

Susumu Kanbayashi

TITLE
Executive Officer and Manager of 3rd Sales Supervisory Department

Jun Kanazawa

TITLE
Executive Officer and Manager of 1st Operation Supervisory Department

Motonori Oki

TITLE
Executive Officer and Manager of 2nd Operation Supervisory Department
Board of Directors Tenure

Average tenure and age of the DMS board of directors in years:

5.6
Average Tenure
63
Average Age
  • The tenure for the DMS board of directors is about average.
Board of Directors

Katsuhiko Yamamoto

TITLE
President
AGE
50
TENURE
18.9 yrs

Kiyoshi Sakamoto

TITLE
Chief of Osaka Branch
AGE
63

Ryoichi Kai

TITLE
Executive Officer and Director
AGE
63
TENURE
6.6 yrs

Kiyoka Shinohara

TITLE
Executive Officer and Director
AGE
65
TENURE
6.6 yrs

Masatake Maruyama

TITLE
Director
TENURE
4.6 yrs

Atsushi Kajitani

TITLE
External Director
AGE
51
TENURE
4.6 yrs

Akira Oka

TITLE
External Director
AGE
80
TENURE
4.6 yrs
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 DMS'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. DMS 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

DMS Inc. engages in direct mail service business in Japan. It offers direct marketing services, including planning and production, direct mail target optimization, mailing, personalized direct mail, and delivery services; Web marketing services, such as Website and mobile site development; and logistics services comprising shipping service for E-commerce and mail order businesses, gift campaign logistics services, and logistics for sales promotion support. The company also provides back office support services, such as call center and data entry services. In addition, it offers sales promotion solutions comprising POP display, poster, and vertical banner advertisement creation; promotional item creation; flyer delivery services; sample product delivery services; and niche media covering enclosed advertisements, etc. Further, the company is involved in planning, producing, creating, and managing sales promotion, sports and cultural, and campus events. DMS Inc. was founded in 1954 and is headquartered in Tokyo, Japan.

Details
Name: DMS Inc.
9782
Exchange: JASDAQ
Founded: 1954
¥13,835,393,352
5,822,977
Website: http://www.dmsjp.co.jp
Address: DMS Inc.
Chiyoda Ogawamachi Kurosuta,
10th floor,
Tokyo,
101-0052,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 9782 Common Stock TSE JASDAQ JP JPY 24. Nov 1995
Number of employees
Current staff
Staff numbers
311
DMS employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 15:17
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
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.