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Daiichi Koutsu SangyoLtd

FKSE:9035
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9035
FKSE
¥17B
Market Cap
  1. Home
  2. JP
  3. Transportation
Company description

Daiichi Koutsu Sangyo Co.,Ltd. provides passenger transportation services through taxi and bus in Japan. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Daiichi Koutsu SangyoLtd has significant price volatility in the past 3 months.
9035 Share Price and Events
7 Day Returns
-19%
FKSE:9035
-10.8%
JP Transportation
-8.9%
JP Market
1 Year Returns
-31.1%
FKSE:9035
-21.1%
JP Transportation
-17.9%
JP Market
9035 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Daiichi Koutsu SangyoLtd (9035) -19% -27.6% -42.7% -31.1% -36.6% -12.7%
JP Transportation -10.8% -4.2% -22.1% -21.1% -6.7% -13.6%
JP Market -8.9% -12.1% -22.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 9035 underperformed the Transportation industry which returned -21.1% over the past year.
  • 9035 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
9035
Industry
5yr Volatility vs Market

9035 Value

 Is Daiichi Koutsu SangyoLtd 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 Daiichi Koutsu SangyoLtd 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 Daiichi Koutsu SangyoLtd.

FKSE:9035 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 12.6%
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 FKSE:9035
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 30.86%) (638.3%))
3.792
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (2 * 6.33%)
12.57%

Discounted Cash Flow Calculation for FKSE:9035 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Daiichi Koutsu SangyoLtd 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.

FKSE:9035 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.57%)
2020 2,239.34 Est @ 0.99% 1,989.29
2021 2,254.29 Est @ 0.67% 1,778.95
2022 2,264.21 Est @ 0.44% 1,587.26
2023 2,270.57 Est @ 0.28% 1,413.98
2024 2,274.43 Est @ 0.17% 1,258.23
2025 2,276.51 Est @ 0.09% 1,118.75
2026 2,277.36 Est @ 0.04% 994.20
2027 2,277.34 Est @ -0% 883.18
2028 2,276.71 Est @ -0.03% 784.34
2029 2,275.66 Est @ -0.05% 696.43
Present value of next 10 years cash flows ¥12,504.00
FKSE:9035 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,275.66 × (1 + -0.09%) ÷ (12.57% – -0.09%)
¥17,959.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥17,959.01 ÷ (1 + 12.57%)10
¥5,496.11
FKSE:9035 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥12,504.00 + ¥5,496.11
¥18,000.11
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥18,000.11 / 34.05
¥528.58
FKSE:9035 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥528.58
Current discount Discount to share price of ¥510.00
= -1 x (¥510.00 - ¥528.58) / ¥528.58
3.5%

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

Current Discount
Amount off the current price Daiichi Koutsu SangyoLtd is available for.
Intrinsic value
4%
Share price is ¥510 vs Future cash flow value of ¥528.58
Current Discount Checks
For Daiichi Koutsu SangyoLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Daiichi Koutsu SangyoLtd's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Daiichi Koutsu SangyoLtd'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 Daiichi Koutsu SangyoLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Daiichi Koutsu SangyoLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
FKSE:9035 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥139.52
FKSE:9035 Share Price ** FKSE (2020-04-03) in JPY ¥510
Japan Transportation Industry PE Ratio Median Figure of 57 Publicly-Listed Transportation Companies 10.49x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 11.52x

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

** Primary Listing of Daiichi Koutsu SangyoLtd.

FKSE:9035 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= FKSE:9035 Share Price ÷ EPS (both in JPY)

= 510 ÷ 139.52

3.66x

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

  • Daiichi Koutsu SangyoLtd is good value based on earnings compared to the JP Transportation industry average.
  • Daiichi Koutsu SangyoLtd is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Daiichi Koutsu SangyoLtd's expected growth come at a high price?
Raw Data
FKSE:9035 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Transportation Industry PEG Ratio Median Figure of 32 Publicly-Listed Transportation Companies 1.89x
Japan Market PEG Ratio Median Figure of 1,282 Publicly-Listed Companies 1.26x

*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 Daiichi Koutsu SangyoLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Daiichi Koutsu SangyoLtd's assets?
Raw Data
FKSE:9035 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥1,334.39
FKSE:9035 Share Price * FKSE (2020-04-03) in JPY ¥510
Japan Transportation Industry PB Ratio Median Figure of 58 Publicly-Listed Transportation Companies 0.73x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
FKSE:9035 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= FKSE:9035 Share Price ÷ Book Value per Share (both in JPY)

= 510 ÷ 1,334.39

0.38x

* Primary Listing of Daiichi Koutsu SangyoLtd.

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

  • Daiichi Koutsu SangyoLtd is good value based on assets compared to the JP Transportation industry average.
X
Value checks
We assess Daiichi Koutsu SangyoLtd'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 Transportation 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 Transportation industry average (and greater than 0)? (1 check)
  5. Daiichi Koutsu SangyoLtd 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.

9035 Future Performance

 How is Daiichi Koutsu SangyoLtd 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 Daiichi Koutsu SangyoLtd 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
4.3%
Expected Transportation industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Daiichi Koutsu SangyoLtd expected to grow at an attractive rate?
  • Unable to compare Daiichi Koutsu SangyoLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Daiichi Koutsu SangyoLtd's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Daiichi Koutsu SangyoLtd's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
FKSE:9035 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Transportation Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
Japan Transportation Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.1%
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
FKSE:9035 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.
FKSE:9035 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
FKSE:9035 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 110,590 4,751
2019-09-30 106,289 10,290 4,386
2019-06-30 105,335 3,954
2019-03-31 106,170 6,415 4,193
2018-12-31 101,871 3,463
2018-09-30 100,133 2,864 3,532
2018-06-30 99,442 3,700
2018-03-31 100,730 7,531 3,881
2017-12-31 102,365 3,816
2017-09-30 103,598 4,258 3,956
2017-06-30 101,466 4,364
2017-03-31 101,304 -2,308 4,353

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Daiichi Koutsu SangyoLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Daiichi Koutsu SangyoLtd 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
FKSE:9035 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 Daiichi Koutsu SangyoLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

FKSE:9035 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
FKSE:9035 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 139.52
2019-09-30 128.80
2019-06-30 116.11
2019-03-31 123.13
2018-12-31 101.69
2018-09-30 103.72
2018-06-30 108.65
2018-03-31 113.97
2017-12-31 112.07
2017-09-30 116.17
2017-06-30 128.15
2017-03-31 129.68

*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 Daiichi Koutsu SangyoLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Daiichi Koutsu SangyoLtd is trading at Daiichi Koutsu SangyoLtd'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. Daiichi Koutsu SangyoLtd'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 Transportation 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 Daiichi Koutsu SangyoLtd'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.
Daiichi Koutsu SangyoLtd 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.

9035 Past Performance

  How has Daiichi Koutsu SangyoLtd 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 Daiichi Koutsu SangyoLtd's growth in the last year to its industry (Transportation).
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.
  • Daiichi Koutsu SangyoLtd's year on year earnings growth rate has been positive over the past 5 years.
  • Daiichi Koutsu SangyoLtd's 1-year earnings growth exceeds its 5-year average (37.2% vs 0.3%)
  • Daiichi Koutsu SangyoLtd's earnings growth has exceeded the JP Transportation industry average in the past year (37.2% vs 5.1%).
Earnings and Revenue History
Daiichi Koutsu SangyoLtd'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 Daiichi Koutsu SangyoLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

FKSE:9035 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 110,590.00 4,751.00 10,185.00
2019-09-30 106,289.00 4,386.00 10,114.00
2019-06-30 105,335.00 3,954.00 10,485.00
2019-03-31 106,170.00 4,193.00 10,491.00
2018-12-31 101,871.00 3,463.00 10,377.00
2018-09-30 100,133.00 3,532.00 10,064.00
2018-06-30 99,442.00 3,700.00 9,793.00
2018-03-31 100,730.00 3,881.00 9,806.00
2017-12-31 102,365.00 3,816.00 9,955.00
2017-09-30 103,598.00 3,956.00 10,027.00
2017-06-30 101,466.00 4,364.00 9,680.00
2017-03-31 101,304.00 4,353.00 9,594.00
2016-12-31 105,447.00 4,539.00 9,378.00
2016-09-30 106,068.00 4,412.00 9,417.00
2016-06-30 110,138.00 4,429.00 9,373.00
2016-03-31 110,016.00 4,310.00 9,261.00
2015-12-31 102,286.00 4,372.00 9,066.00
2015-09-30 100,298.00 4,324.00 8,870.00
2015-06-30 95,012.00 4,042.00 8,693.00
2015-03-31 90,958.00 3,674.00 8,513.00
2014-12-31 86,999.00 3,406.00 8,532.00
2014-09-30 88,601.00 3,263.00 8,317.00
2014-06-30 89,603.00 3,023.00 8,260.00
2014-03-31 91,817.00 3,164.00 8,145.00
2013-12-31 92,201.00 3,265.00 7,757.00
2013-09-30 91,054.00 3,181.00 7,789.00
2013-06-30 87,692.00 2,913.00 7,764.00

*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.
  • Daiichi Koutsu SangyoLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Daiichi Koutsu SangyoLtd used its assets more efficiently than the JP Transportation industry average last year based on Return on Assets.
  • Daiichi Koutsu SangyoLtd's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Daiichi Koutsu SangyoLtd'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 Transportation 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.
Daiichi Koutsu SangyoLtd has a total score of 4/6, 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.

9035 Health

 How is Daiichi Koutsu SangyoLtd'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 Daiichi Koutsu SangyoLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Daiichi Koutsu SangyoLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Daiichi Koutsu SangyoLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Daiichi Koutsu SangyoLtd'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 not covered by short term assets, assets are 0.8x 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 Daiichi Koutsu SangyoLtd Company Filings, last reported 3 months ago.

FKSE:9035 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 45,469.00 110,856.00 13,514.00
2019-09-30 44,326.00 111,160.00 11,946.00
2019-06-30 43,350.00 108,024.00 11,336.00
2019-03-31 43,530.00 102,575.00 11,426.00
2018-12-31 43,202.00 114,418.00 11,246.00
2018-09-30 42,748.00 108,917.00 8,176.00
2018-06-30 42,127.00 107,362.00 9,504.00
2018-03-31 41,865.00 98,648.00 10,143.00
2017-12-31 40,530.00 107,006.00 11,843.00
2017-09-30 39,450.00 103,908.00 12,699.00
2017-06-30 38,696.00 97,688.00 9,785.00
2017-03-31 37,779.00 97,120.00 11,835.00
2016-12-31 36,859.00 98,958.00 10,143.00
2016-09-30 35,548.00 97,147.00 8,350.00
2016-06-30 34,337.00 93,293.00 11,530.00
2016-03-31 34,142.00 92,447.00 15,341.00
2015-12-31 36,923.00 98,994.00 14,228.00
2015-09-30 35,735.00 95,138.00 12,901.00
2015-06-30 34,712.00 95,243.00 12,426.00
2015-03-31 33,897.00 95,445.00 13,635.00
2014-12-31 32,451.00 101,545.00 13,368.00
2014-09-30 31,232.00 95,044.00 10,856.00
2014-06-30 30,207.00 92,670.00 8,742.00
2014-03-31 29,736.00 87,016.00 11,097.00
2013-12-31 28,971.00 91,108.00 12,822.00
2013-09-30 28,086.00 87,964.00 8,948.00
2013-06-30 27,336.00 85,343.00 11,276.00
  • Daiichi Koutsu SangyoLtd's level of debt (243.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (312.6% vs 243.8% today).
  • Debt is not well covered by operating cash flow (9.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
X
Financial health checks
We assess Daiichi Koutsu SangyoLtd'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. Daiichi Koutsu SangyoLtd 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.

9035 Dividends

 What is Daiichi Koutsu SangyoLtd'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
4.9%
Current annual income from Daiichi Koutsu SangyoLtd dividends.
If you bought ¥2,000 of Daiichi Koutsu SangyoLtd shares you are expected to receive ¥98 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?
  • Daiichi Koutsu SangyoLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.81%).
  • Daiichi Koutsu SangyoLtd's dividend is above the markets top 25% of dividend payers in Japan (4.2%).
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
FKSE:9035 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 Transportation Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 1.6%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2988 Stocks 3%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.8%
Japan Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

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

FKSE:9035 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
FKSE:9035 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-28 25.000 3.326
2019-05-10 25.000 3.524
2018-06-29 20.000 2.560
2018-05-09 20.000 2.222
2017-06-29 15.000 1.622
2017-05-09 15.000 1.782
2017-02-07 12.500 1.506
2016-11-09 10.500 1.631
2016-06-30 8.000 1.355
2016-05-09 8.000 1.208
2015-11-06 8.000 1.091
2015-06-29 8.000 1.211
2015-05-08 8.000 1.320
2014-06-30 8.000 1.502
2014-05-09 8.000 1.592
2013-06-28 7.500 1.709
2013-05-09 7.500 1.892
2012-08-08 7.500 2.302
2012-06-29 7.500 2.573
2012-05-17 7.500 2.573
2012-02-09 7.500 2.582
2011-11-10 7.500 2.895
2011-08-09 7.500 3.061
2011-06-30 7.500 3.110
2011-05-20 7.500 3.399
2011-02-10 7.500 3.443
2010-11-16 7.500 4.069
2010-08-12 7.500 5.104
2010-06-30 7.500 4.705
2010-05-18 7.500 4.592
2010-02-10 7.500 4.238
2009-11-12 7.500 4.103
2009-06-29 7.500 3.683

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Daiichi Koutsu SangyoLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.6x 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 Daiichi Koutsu SangyoLtd'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 Daiichi Koutsu SangyoLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Daiichi Koutsu SangyoLtd has a total score of 5/6, see the detailed checks below.


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

9035 Management

 What is the CEO of Daiichi Koutsu SangyoLtd'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
Ryoichiro Tanaka
COMPENSATION ¥258,000,000
AGE 60
TENURE AS CEO 18.8 years
CEO Bio

Mr. Ryoichiro Tanaka has been the President at DaiichiKoutsu Sangyo Co. Ltd. since June 2001. Mr. Tanaka served as Senior Managing Director and Vice President at Daiichi Koutsu Sangyo Co. Ltd. since May 1995 and since May 1996 respectively. He has been Representative Director of DAIICHIKOUTSU SANGYO Co., Ltd. since February 1997.

CEO Compensation
  • Ryoichiro's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ryoichiro's remuneration is higher than average for companies of similar size in Japan.
Management Team Tenure

Average tenure and age of the Daiichi Koutsu SangyoLtd management team in years:

11.8
Average Tenure
62
Average Age
  • The average tenure for the Daiichi Koutsu SangyoLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ryoichiro Tanaka

TITLE
President and Representative Director
COMPENSATION
¥258M
AGE
60
TENURE
18.8 yrs

Hidehiko Yamakawa

TITLE
Managing Director and Director
AGE
58

Hiromi Tagashira

TITLE
Managing Director and Director
AGE
55
TENURE
7.8 yrs

Shigeyuki Tarumi

TITLE
Senior Managing Director and Director
AGE
65
TENURE
7.8 yrs

Hisaaki Yoshizumi

TITLE
Vice President and Director
AGE
64
TENURE
11.8 yrs

Izumi Ohtsuka

TITLE
Vice President and Director
AGE
67
TENURE
18.8 yrs
Board of Directors Tenure

Average tenure and age of the Daiichi Koutsu SangyoLtd board of directors in years:

11.8
Average Tenure
63
Average Age
  • The average tenure for the Daiichi Koutsu SangyoLtd board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ryoichiro Tanaka

TITLE
President and Representative Director
COMPENSATION
¥258M
AGE
60
TENURE
23.2 yrs

Hajime Kurotsuchi

TITLE
Honorary Chairman
COMPENSATION
¥228M
AGE
97

Hidehiko Yamakawa

TITLE
Managing Director and Director
AGE
58
TENURE
9.8 yrs

Hiromi Tagashira

TITLE
Managing Director and Director
AGE
55
TENURE
13.8 yrs

Shigeyuki Tarumi

TITLE
Senior Managing Director and Director
AGE
65
TENURE
16.8 yrs

Hisaaki Yoshizumi

TITLE
Vice President and Director
AGE
64
TENURE
9.8 yrs

Izumi Ohtsuka

TITLE
Vice President and Director
AGE
67
TENURE
18.8 yrs

Takashige Shibato

TITLE
External Director
AGE
65
TENURE
11.8 yrs

Souichi Kawamoto

TITLE
External Director
AGE
62
TENURE
7.8 yrs

Masaharu Taniguchi

TITLE
Director
AGE
50
TENURE
5.8 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 Daiichi Koutsu SangyoLtd'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. Daiichi Koutsu SangyoLtd 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.

9035 News

Simply Wall St News

9035 Company Info

Description

Daiichi Koutsu Sangyo Co.,Ltd. provides passenger transportation services through taxi and bus in Japan. It also leases real estate properties, such as store tenants, condominiums, warehouses, and parking lots, as well as manages apartments; and offers real estate secured loans and revitalization services. In addition, the company provides medical and nursing care services, including visiting care/care prevention, home care support, and elderly home care services; and car maintenance services. Further, it is involved in insurance agency, golf driving, and mail order businesses. The company was founded in 1960 and is headquartered in Kitakyushu, Japan.

Details
Name: Daiichi Koutsu Sangyo Co.,Ltd.
9035
Exchange: FKSE
Founded: 1960
¥17,367,464,520
34,053,852
Website: http://www.daiichi-koutsu.co.jp
Address: Daiichi Koutsu Sangyo Co.,Ltd.
2-6-8 Maborashi,
Kokurakita-ku,
Kitakyushu,
Fukuoka, 802-8515,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
FKSE 9035 Common Shares Fukuoka Stock Exchange JP JPY 26. Apr 2000
Number of employees
Current staff
Staff numbers
11,840
Daiichi Koutsu SangyoLtd employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 17:03
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/05/10
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.