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Dai-ichi Life Holdings

OTCPK:DLIC.Y
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DLIC.Y
OTCPK
¥1,974B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Dai-ichi Life Holdings, Inc., through its subsidiaries, provides life insurance products in Japan, the United States, and internationally. The last earnings update was 7 days ago. More info.


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DLIC.Y Share Price and Events
7 Day Returns
0%
OTCPK:DLIC.Y
-0.1%
US Insurance
0.9%
US Market
1 Year Returns
-
OTCPK:DLIC.Y
16.3%
US Insurance
16.8%
US Market
DLIC.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dai-ichi Life Holdings (DLIC.Y) 0% - - - - -
US Insurance -0.1% 1.5% 2.5% 16.3% 26.2% 44.7%
US Market 0.9% 4.5% 6.2% 16.8% 38% 44.1%
1 Year Return vs Industry and Market
  • No trading data on DLIC.Y.
  • No trading data on DLIC.Y.
Price Volatility
DLIC.Y
Industry
5yr Volatility vs Market

Value

 Is Dai-ichi Life Holdings 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 Dai-ichi Life Holdings 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 Dai-ichi Life Holdings.

OTCPK:DLIC.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= ¥3,687.88 * 5.8%
¥215.37
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. ¥3,687.88
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:DLIC.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.665 (1 + (1- 30.86%) (55.89%))
0.948
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.948 * 5.96%)
8.38%

Discounted Cash Flow Calculation for OTCPK:DLIC.Y using Excess Returns Model Model

The calculations below outline how an intrinsic value for Dai-ichi Life Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:DLIC.Y Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.8% – 8.38%) * ¥3,687.88)
¥-93.68
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-93.68 / (8.38% - 2.73%)
¥-1,657.97
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥3,687.88 + ¥-1,657.97
¥2029.91
OTCPK:DLIC.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:DLIC.Y represents 0.00963x of TSE:8750
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00963x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,029.91 x 0.00963
$19.55
Value per share (USD) From above. $19.55
Current discount Discount to share price of $16.75
= -1 x ($16.75 - $19.55) / $19.55
14.3%

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

Current Discount
Amount off the current price Dai-ichi Life Holdings is available for.
Intrinsic value
14%
Share price is $16.75 vs Future cash flow value of $19.55
Current Discount Checks
For Dai-ichi Life Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dai-ichi Life Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Dai-ichi Life Holdings'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 Dai-ichi Life Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dai-ichi Life Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:DLIC.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥174.90
TSE:8750 Share Price ** TSE (2019-10-24) in JPY ¥1739
United States of America Insurance Industry PE Ratio Median Figure of 89 Publicly-Listed Insurance Companies 16.81x
United States of America Market PE Ratio Median Figure of 2,923 Publicly-Listed Companies 18.16x

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

** Primary Listing of Dai-ichi Life Holdings.

OTCPK:DLIC.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8750 Share Price ÷ EPS (both in JPY)

= 1739 ÷ 174.90

9.94x

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

  • Dai-ichi Life Holdings is good value based on earnings compared to the US Insurance industry average.
  • Dai-ichi Life Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Dai-ichi Life Holdings's expected growth come at a high price?
Raw Data
OTCPK:DLIC.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
4.2%per year
United States of America Insurance Industry PEG Ratio Median Figure of 67 Publicly-Listed Insurance Companies 0.93x
United States of America Market PEG Ratio Median Figure of 2,042 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

OTCPK:DLIC.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.94x ÷ 4.2%

2.35x

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

  • Dai-ichi Life Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dai-ichi Life Holdings's assets?
Raw Data
OTCPK:DLIC.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥3,801.93
TSE:8750 Share Price * TSE (2019-10-24) in JPY ¥1739
United States of America Insurance Industry PB Ratio Median Figure of 117 Publicly-Listed Insurance Companies 1.15x
United States of America Market PB Ratio Median Figure of 5,094 Publicly-Listed Companies 1.76x
OTCPK:DLIC.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8750 Share Price ÷ Book Value per Share (both in JPY)

= 1739 ÷ 3,801.93

0.46x

* Primary Listing of Dai-ichi Life Holdings.

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

  • Dai-ichi Life Holdings is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Dai-ichi Life Holdings'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Dai-ichi Life Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Dai-ichi Life Holdings expected to perform in the next 1 to 3 years based on estimates from 9 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
4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dai-ichi Life Holdings expected to grow at an attractive rate?
  • Dai-ichi Life Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Dai-ichi Life Holdings's earnings growth is positive but not above the United States of America market average.
  • Dai-ichi Life Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:DLIC.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:DLIC.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 4.2%
OTCPK:DLIC.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.1%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:DLIC.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:DLIC.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 7,663,100 248,400 1
2023-03-31 7,570,500 241,200 1
2022-03-31 7,082,466 251,252 8
2021-03-31 7,039,669 238,595 8
2020-03-31 7,100,778 225,843 8
2019-11-21
OTCPK:DLIC.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 7,050,013 200,495
2019-06-30 7,287,764 235,372
2019-03-31 7,145,408 1,696,993 225,035
2018-12-31 7,103,518 315,560
2018-09-30 7,241,979 1,459,507 351,895
2018-06-30 7,091,706 333,427
2018-03-31 6,997,420 1,169,136 363,928
2017-12-31 6,729,872 246,997
2017-09-30 6,398,990 628,964 253,616
2017-06-30 6,191,425 254,778
2017-03-31 6,273,615 1,376,809 231,286
2016-12-31 6,599,234 188,496

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dai-ichi Life Holdings's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • Dai-ichi Life Holdings's revenue is expected to grow by 1.1% 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
OTCPK:DLIC.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Dai-ichi Life Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DLIC.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 230.40 230.40 230.40 1.00
2023-03-31 221.30 221.30 221.30 1.00
2022-03-31 223.86 240.10 201.65 11.00
2021-03-31 211.22 230.93 193.26 14.00
2020-03-31 195.11 197.70 191.36 3.00
2019-11-21
OTCPK:DLIC.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 174.90
2019-06-30 204.29
2019-03-31 194.43
2018-12-31 271.53
2018-09-30 301.85
2018-06-30 285.29
2018-03-31 310.69
2017-12-31 210.43
2017-09-30 215.82
2017-06-30 216.80
2017-03-31 196.62
2016-12-31 159.89

*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.
  • Dai-ichi Life Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Dai-ichi Life Holdings'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Dai-ichi Life Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Dai-ichi Life Holdings 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 Dai-ichi Life Holdings's growth in the last year to its industry (Insurance).
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.
  • Dai-ichi Life Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Dai-ichi Life Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Dai-ichi Life Holdings's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
Dai-ichi Life Holdings'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 Dai-ichi Life Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DLIC.Y 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 7,050,013.00 200,495.00 689,228.00
2019-06-30 7,287,764.00 235,372.00 702,282.00
2019-03-31 7,145,408.00 225,035.00 703,573.00
2018-12-31 7,103,518.00 315,560.00 703,544.00
2018-09-30 7,241,979.00 351,895.00 690,347.00
2018-06-30 7,091,706.00 333,427.00 670,674.00
2018-03-31 6,997,420.00 363,928.00 661,110.00
2017-12-31 6,729,872.00 246,997.00 660,789.00
2017-09-30 6,398,990.00 253,616.00 654,848.00
2017-06-30 6,191,425.00 254,778.00 656,464.00
2017-03-31 6,273,615.00 231,286.00 650,985.00
2016-12-31 6,599,234.00 188,496.00 643,132.00
2016-09-30 6,796,819.00 149,373.00 651,716.00
2016-06-30 7,109,870.00 111,736.00 666,736.00
2016-03-31 7,087,315.00 178,515.00 661,384.00
2015-12-31 7,303,160.00 184,292.00 630,583.00
2015-09-30 7,433,683.00 154,293.00 603,997.00
2015-06-30 7,422,089.00 189,228.00 576,083.00
2015-03-31 7,213,640.00 142,476.00 559,344.00
2014-12-31 6,786,014.00 135,752.00 553,633.00
2014-09-30 6,422,133.00 153,356.00 543,619.00
2014-06-30 6,145,369.00 120,095.00 526,467.00
2014-03-31 5,917,236.00 77,931.00 517,566.00
2013-12-31 6,019,945.00 81,640.00 519,541.00
2013-09-30 5,947,967.00 52,312.00 513,257.00
2013-06-30 5,504,653.00 47,603.00 497,114.00
2013-03-31 5,141,085.00 32,427.00 486,419.00
2012-12-31 4,878,575.00 32,324.00 476,763.00

*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.
  • Dai-ichi Life Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dai-ichi Life Holdings used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • Dai-ichi Life Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dai-ichi Life Holdings'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 Insurance 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.
Dai-ichi Life Holdings has a total score of 1/6, 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 Dai-ichi Life Holdings'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 Dai-ichi Life Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dai-ichi Life Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dai-ichi Life Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dai-ichi Life Holdings'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.1x 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 Dai-ichi Life Holdings Company Filings, last reported 1 month ago.

OTCPK:DLIC.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 4,325,640.00 1,103,326.00 1,187,678.00
2019-06-30 3,857,696.00 1,056,529.00 1,030,889.00
2019-03-31 3,713,591.00 1,680,973.00 920,177.00
2018-12-31 3,359,116.00 990,759.00 993,636.00
2018-09-30 3,649,792.00 938,480.00 909,809.00
2018-06-30 3,699,030.00 920,124.00 926,956.00
2018-03-31 3,749,271.00 1,720,189.00 891,285.00
2017-12-31 3,961,817.00 971,546.00 923,875.00
2017-09-30 3,563,602.00 964,526.00 901,545.00
2017-06-30 3,338,500.00 967,042.00 815,473.00
2017-03-31 3,137,266.00 2,044,731.00 980,465.00
2016-12-31 3,064,736.00 905,459.00 967,237.00
2016-09-30 2,838,275.00 923,489.00 969,719.00
2016-06-30 2,842,689.00 706,915.00 1,017,646.00
2016-03-31 2,932,959.00 1,132,731.00 961,221.00
2015-12-31 3,202,895.00 483,524.00 922,671.00
2015-09-30 3,021,485.00 488,357.00 897,145.00
2015-06-30 3,475,622.00 482,559.00 856,915.00
2015-03-31 3,589,926.00 880,935.00 873,444.00
2014-12-31 3,365,542.00 215,727.00 1,201,083.00
2014-09-30 2,740,331.00 107,562.00 818,538.00
2014-06-30 2,168,392.00 107,562.00 1,098,483.00
2014-03-31 1,947,613.00 1,549,834.00 1,061,394.00
2013-12-31 1,970,739.00 160,256.00 659,102.00
2013-09-30 1,722,796.00 156,435.00 567,454.00
2013-06-30 1,529,389.00 156,855.00 505,897.00
2013-03-31 1,649,020.00 1,453,923.00 848,717.00
2012-12-31 1,141,918.00 150,849.00 370,346.00
  • Dai-ichi Life Holdings's level of debt (25.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.8% vs 25.5% today).
  • Debt is well covered by operating cash flow (153.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.9x coverage).
X
Financial health checks
We assess Dai-ichi Life Holdings'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. Dai-ichi Life Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Dai-ichi Life Holdings'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
3.57%
Current annual income from Dai-ichi Life Holdings dividends. Estimated to be 3.75% next year.
If you bought $2,000 of Dai-ichi Life Holdings 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?
  • Dai-ichi Life Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Dai-ichi Life Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.68%).
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
OTCPK:DLIC.Y 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 9 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1955 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:DLIC.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 70.00 1.00
2023-03-31 68.00 1.00
2022-03-31 69.50 10.00
2021-03-31 65.01 12.00
2020-03-31 61.31 13.00
2019-11-21
OTCPK:DLIC.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-24 62.000 3.854
2019-05-15 62.000 3.865
2018-05-15 50.000 2.614
2017-10-02 45.000 2.079
2017-06-26 45.000 2.374
2017-05-15 45.000 2.368
2016-06-24 40.000 2.420
2016-05-13 40.000 3.060
2015-11-13 35.000 2.240
2015-06-23 35.000 1.590
2015-05-15 35.000 1.546
2015-02-13 25.000 1.358
2014-08-08 25.000 1.544
2014-06-30 20.000 1.380
2014-06-24 25.000 1.657
2014-05-16 25.000 1.665
2014-02-13 20.000 1.364
2013-11-14 20.000 1.238
2013-08-12 20.000 1.453
2013-06-24 16.000 1.108
2013-05-15 20.000 1.431
2012-08-10 16.000 1.503
2012-06-25 16.000 1.923
2012-05-15 16.000 1.914
2012-02-13 16.000 1.549
2011-08-11 16.000 1.949
2011-05-13 16.000 1.408
2011-02-10 16.000 1.200
2010-08-11 16.000 1.397
2010-06-28 16.000 1.353
2010-05-14 16.000 1.130

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 Dai-ichi Life Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x 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 Dai-ichi Life Holdings'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 Dai-ichi Life Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dai-ichi Life Holdings has a total score of 4/6, 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 Dai-ichi Life Holdings'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
Seiji Inagaki
AGE 56
TENURE AS CEO 2.6 years
CEO Bio

Mr. Seiji Inagaki has been the President of The Dai-Ichi Life Insurance Company, Limited and Dai-ichi Life Holdings, Inc. since April 1, 2017. Mr. Inagaki served as Managing Executive Officer at The Dai-Ichi Life Insurance Company, Limited and Dai-ichi Life Holdings, Inc. from April 2015 to April 1, 2017. Mr. Inagaki served as General Manager of Corporate Planning Department at The Dai-Ichi Life Insurance Company, Limited from April, 2012 to June 29, 2016 and served as its Chief of Group Management Strategy Unit until June 29, 2016. He served as an Executive Officer of The Dai-Ichi Life Insurance Company, Limited from April 2012 to April 1, 2015. He has experience of the global markets, risk management and experiences in the financial services industry. Mr. Inagaki worked in many different capacities for Janus Capital Group, Inc. He has been a Representative Director at The Dai-Ichi Life Insurance Company, Limited since June 29, 2016. He served as an Independent Director of Janus Capital Group, Inc., since January 23, 2013 until July 24, 2015. He has been a Representative Director of Dai-ichi Life Holdings, Inc. since June 29, 2016. He is Vice Chairman of The Life Insurance Association of Japan. He is Director of Life Insurance Policyholders Protection Corporation of Japan. Mr. Inagaki has MBA from the Harvard Business School and Bachelor's Degree in Economics from Keio University in Japan

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

Average tenure and age of the Dai-ichi Life Holdings management team in years:

4.6
Average Tenure
56
Average Age
  • The tenure for the Dai-ichi Life Holdings management team is about average.
Management Team

Seiji Inagaki

TITLE
President & Representative Director
AGE
56
TENURE
2.6 yrs

Kenji Nishimura

TITLE
Head of IR Department

Ichiro Okamoto

TITLE
Managing Executive Officer of Risk Management Unit
AGE
55
TENURE
0.8 yrs

Takako Kitahori

TITLE
Chief of the Marketing Strategy Unit

Hiroyuki Kanou

TITLE
Chief of Human Resources Unit & Executive Officer
AGE
52

Kazuma Ishii

TITLE
Senior Managing Executive Officer & Director
AGE
65
TENURE
8.6 yrs

Tomohiko Asano

TITLE
Executive Officer & Chief General Manager of Asia Pacific
AGE
52
TENURE
5.8 yrs

Kenji Sakurai

TITLE
Executive Vice President
AGE
60

Masao Taketomi

TITLE
Managing Executive Officer & Director
AGE
56
TENURE
4.6 yrs

Hideo Hatanaka

TITLE
Managing Executive Officer
AGE
56
Board of Directors Tenure

Average tenure and age of the Dai-ichi Life Holdings board of directors in years:

4.5
Average Tenure
62
Average Age
  • The tenure for the Dai-ichi Life Holdings board of directors is about average.
Board of Directors

Koichiro Watanabe

TITLE
Chairman of the Board
AGE
66
TENURE
2.6 yrs

Seiji Inagaki

TITLE
President & Representative Director
AGE
56
TENURE
3.4 yrs

Shigeo Tsuyuki

TITLE
Vice Chairman
AGE
65
TENURE
2.6 yrs

Kazuma Ishii

TITLE
Senior Managing Executive Officer & Director
AGE
65
TENURE
16.3 yrs

Masao Taketomi

TITLE
Managing Executive Officer & Director
AGE
56
TENURE
2.4 yrs

Satoru Tsutsumi

TITLE
VP & Representative Director
AGE
64
TENURE
4.4 yrs

Girish Kulkarni

TITLE
Chairman
AGE
55
TENURE
7.4 yrs

Koichi Oizumi

TITLE
President & Representative Director of the Dai-Ichi Life Information Systems Co Ltd
AGE
61
TENURE
4.6 yrs

Morinobu Nagahama

TITLE
Director
AGE
63
TENURE
5.4 yrs

Hideo Teramoto

TITLE
Director
AGE
59
TENURE
7.4 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 Dai-ichi Life Holdings'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. Dai-ichi Life Holdings 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

Is Dai-ichi Life Holdings, Inc. (OTCPK:DLIC.Y) A Good Dividend Stock?

Historically, Dai-ichi Life Holdings, Inc. … Does Dai-ichi Life Holdings tick all the boxes of a great dividend stock? … See our latest analysis for Dai-ichi Life Holdings

Simply Wall St -

Company Info

Description

Dai-ichi Life Holdings, Inc., through its subsidiaries, provides life insurance products in Japan, the United States, and internationally. The company offers individual life insurance and annuities, non-participating single premium whole life insurance, financial insurance and annuities, and group annuities. It is also involved in the asset management related business. The company was formerly known as The Dai-Ichi Life Insurance Company, Limited and changed its name to Dai-ichi Life Holdings, Inc. in October 2016. Dai-ichi Life Holdings, Inc. was founded in 1902 and is headquartered in Tokyo, Japan.

Details
Name: Dai-ichi Life Holdings, Inc.
DLIC.Y
Exchange: OTCPK
Founded: 1902
¥18,162,581,462
1,135,145,675
Website: http://www.dai-ichi-life-hd.com
Address: Dai-ichi Life Holdings, Inc.
13-1, Yurakucho 1-chome,
Chiyoda-ku,
Tokyo,
100-8411,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8750 Common Shares The Tokyo Stock Exchange JP JPY 01. Apr 2010
OTCPK DCNS.F Common Shares Pink Sheets LLC US USD 01. Apr 2010
DB QHH Common Shares Deutsche Boerse AG DE EUR 01. Apr 2010
OTCPK DLIC.Y UNSPONSORD ADR Pink Sheets LLC US USD 25. Feb 2015
Number of employees
Current staff
Staff numbers
62,938
Dai-ichi Life Holdings employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 00:32
End of day share price update: 2019/10/24 00:00
Last estimates confirmation: 2019/11/14
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.