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Daihatsu Diesel Mfg

DB:D1U
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
D1U
DB
¥21B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Daihatsu Diesel Mfg. Co., Ltd. manufactures and sells marine engines, land engines, and industrial instruments in Japan and internationally. The last earnings update was 21 days ago. More info.


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D1U Share Price and Events
7 Day Returns
-0.1%
DB:D1U
-2%
DE Machinery
-0.6%
DE Market
1 Year Returns
-
DB:D1U
-30.7%
DE Machinery
-8.3%
DE Market
D1U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Daihatsu Diesel Mfg (D1U) -0.1% 2.6% -3% - - -
DE Machinery -2% -7.2% -16.3% -30.7% -22.8% 0.6%
DE Market -0.6% 1.8% -3.2% -8.3% 8.9% 10.6%
1 Year Return vs Industry and Market
  • No trading data on D1U.
  • No trading data on D1U.
Price Volatility
D1U
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Daihatsu Diesel Mfg's competitors could be found in our database.

D1U Value

 Is Daihatsu Diesel Mfg 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 Daihatsu Diesel Mfg 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 Daihatsu Diesel Mfg.

DB:D1U 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 8.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:D1U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 30.86%) (71.59%))
1.414
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.414 * 5.96%)
8.66%

Discounted Cash Flow Calculation for DB:D1U using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Daihatsu Diesel Mfg 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.

DB:D1U DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.66%)
2020 481.58 Est @ -5.45% 443.21
2021 463.52 Est @ -3.75% 392.61
2022 451.68 Est @ -2.56% 352.10
2023 443.91 Est @ -1.72% 318.47
2024 438.86 Est @ -1.14% 289.77
2025 435.67 Est @ -0.73% 264.75
2026 433.75 Est @ -0.44% 242.58
2027 432.71 Est @ -0.24% 222.72
2028 432.28 Est @ -0.1% 204.77
2029 432.28 Est @ -0% 188.46
Present value of next 10 years cash flows ¥2,919.45
DB:D1U DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥432.28 × (1 + 0.23%) ÷ (8.66% – 0.23%)
¥5,140.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥5,140.61 ÷ (1 + 8.66%)10
¥2,241.13
DB:D1U Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥2,919.45 + ¥2,241.13
¥5,160.58
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥5,160.58 / 31.75
¥162.52
DB:D1U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:D1U represents 0.00807x of TSE:6023
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00807x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 162.52 x 0.00807
€1.31
Value per share (EUR) From above. €1.31
Current discount Discount to share price of €5.34
= -1 x (€5.34 - €1.31) / €1.31
-307.3%

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

  • The current share price of Daihatsu Diesel Mfg is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Daihatsu Diesel Mfg's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Daihatsu Diesel Mfg's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:D1U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥57.11
TSE:6023 Share Price ** TSE (2019-07-18) in JPY ¥662
Germany Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 14.37x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.71x

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

** Primary Listing of Daihatsu Diesel Mfg.

DB:D1U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6023 Share Price ÷ EPS (both in JPY)

= 662 ÷ 57.11

11.59x

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

  • Daihatsu Diesel Mfg is good value based on earnings compared to the DE Machinery industry average.
  • Daihatsu Diesel Mfg is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Daihatsu Diesel Mfg's expected growth come at a high price?
Raw Data
DB:D1U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
19.9%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.3x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.45x

*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 Daihatsu Diesel Mfg, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Daihatsu Diesel Mfg's assets?
Raw Data
DB:D1U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,232.03
TSE:6023 Share Price * TSE (2019-07-18) in JPY ¥662
Germany Machinery Industry PB Ratio Median Figure of 47 Publicly-Listed Machinery Companies 1.5x
Germany Market PB Ratio Median Figure of 569 Publicly-Listed Companies 1.75x
DB:D1U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6023 Share Price ÷ Book Value per Share (both in JPY)

= 662 ÷ 1,232.03

0.54x

* Primary Listing of Daihatsu Diesel Mfg.

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

  • Daihatsu Diesel Mfg is good value based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Daihatsu Diesel Mfg'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Daihatsu Diesel Mfg 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.

D1U Future Performance

 How is Daihatsu Diesel Mfg expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Daihatsu Diesel Mfg, future earnings growth has been estimated based on fundamentals.
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
19.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Daihatsu Diesel Mfg expected to grow at an attractive rate?
  • Daihatsu Diesel Mfg's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Daihatsu Diesel Mfg's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Daihatsu Diesel Mfg's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:D1U Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:D1U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 19.9%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:D1U 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.
DB:D1U Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:D1U Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 57,270 4,792 1,818
2018-12-31 56,370 1,428
2018-09-30 57,338 5,183 1,509
2018-06-30 57,431 1,869
2018-03-31 60,166 4,480 2,095
2017-12-31 60,431 2,497
2017-09-30 60,352 4,240 2,682
2017-06-30 61,380 2,413
2017-03-31 58,934 4,974 2,319
2016-12-31 58,588 2,770
2016-09-30 58,711 3,917 3,075
2016-06-30 57,000 2,985

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Daihatsu Diesel Mfg's earnings are expected to grow by 19.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Daihatsu Diesel Mfg 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
DB:D1U 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 Daihatsu Diesel Mfg Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D1U Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:D1U Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 57.11
2018-12-31 44.86
2018-09-30 47.40
2018-06-30 58.71
2018-03-31 65.81
2017-12-31 78.44
2017-09-30 84.25
2017-06-30 75.80
2017-03-31 72.85
2016-12-31 87.01
2016-09-30 96.60
2016-06-30 93.77

*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 Daihatsu Diesel Mfg will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Daihatsu Diesel Mfg's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Daihatsu Diesel Mfg has a total score of 2/6, 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.

D1U Past Performance

  How has Daihatsu Diesel Mfg 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 Daihatsu Diesel Mfg's growth in the last year to its industry (Machinery).
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.
  • Daihatsu Diesel Mfg's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Daihatsu Diesel Mfg's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Daihatsu Diesel Mfg's 1-year earnings growth is negative, it can't be compared to the DE Machinery industry average.
Earnings and Revenue History
Daihatsu Diesel Mfg'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 Daihatsu Diesel Mfg Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D1U Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 57,270.00 1,818.00 10,186.00
2018-12-31 56,370.00 1,428.00 10,371.00
2018-09-30 57,338.00 1,509.00 10,458.00
2018-06-30 57,431.00 1,869.00 10,349.00
2018-03-31 60,166.00 2,095.00 10,358.00
2017-12-31 60,431.00 2,497.00 10,496.00
2017-09-30 60,352.00 2,682.00 10,603.00
2017-06-30 61,380.00 2,413.00 10,639.00
2017-03-31 58,934.00 2,319.00 10,533.00
2016-12-31 58,588.00 2,770.00 10,465.00
2016-09-30 58,711.00 3,075.00 10,610.00
2016-06-30 57,000.00 2,985.00 10,603.00
2016-03-31 57,019.00 3,596.00 10,679.00
2015-12-31 58,896.00 2,902.00 10,631.00
2015-09-30 59,428.00 2,990.00 10,520.00
2015-06-30 62,910.00 3,577.00 10,554.00
2015-03-31 62,304.00 3,004.00 10,374.00
2014-12-31 62,192.00 3,614.00 10,165.00
2014-09-30 62,298.00 3,502.00 9,959.00
2014-06-30 58,724.00 2,733.00 9,655.00
2014-03-31 57,566.00 2,744.00 9,589.00
2013-12-31 55,101.00 1,948.00 9,460.00
2013-09-30 52,457.00 1,556.00 9,393.00
2013-06-30 52,587.00 2,550.00 9,246.00
2013-03-31 54,528.00 2,271.00 9,257.00
2012-12-31 54,692.00 2,559.00 9,228.00
2012-09-30 56,190.00 2,359.00 9,413.00

*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.
  • Daihatsu Diesel Mfg has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Daihatsu Diesel Mfg used its assets less efficiently than the DE Machinery industry average last year based on Return on Assets.
  • Daihatsu Diesel Mfg's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Daihatsu Diesel Mfg'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 Machinery 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.
Daihatsu Diesel Mfg has a total score of 0/6, 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.

D1U Health

 How is Daihatsu Diesel Mfg'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 Daihatsu Diesel Mfg's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Daihatsu Diesel Mfg is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Daihatsu Diesel Mfg's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Daihatsu Diesel Mfg'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 3.3x 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 Daihatsu Diesel Mfg Company Filings, last reported 3 months ago.

DB:D1U Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 39,263.00 13,410.00 20,905.00
2018-12-31 38,241.00 13,872.00 20,599.00
2018-09-30 38,067.00 14,182.00 24,422.00
2018-06-30 37,695.00 11,961.00 21,289.00
2018-03-31 38,091.00 12,240.00 21,676.00
2017-12-31 37,534.00 12,280.00 24,469.00
2017-09-30 37,132.00 12,339.00 25,201.00
2017-06-30 36,436.00 12,418.00 26,942.00
2017-03-31 36,460.00 12,677.00 24,302.00
2016-12-31 35,061.00 12,942.00 26,337.00
2016-09-30 34,366.00 11,546.00 25,303.00
2016-06-30 33,923.00 9,799.00 23,518.00
2016-03-31 34,224.00 9,867.00 21,412.00
2015-12-31 33,329.00 10,112.00 21,523.00
2015-09-30 32,471.00 10,357.00 25,368.00
2015-06-30 32,234.00 10,603.00 25,685.00
2015-03-31 31,560.00 10,847.00 23,299.00
2014-12-31 30,645.00 10,998.00 25,208.00
2014-09-30 29,568.00 13,053.00 28,926.00
2014-06-30 28,549.00 13,096.00 28,460.00
2014-03-31 28,843.00 13,094.00 27,144.00
2013-12-31 28,036.00 13,337.00 25,108.00
2013-09-30 27,126.00 13,341.00 22,479.00
2013-06-30 26,939.00 13,399.00 21,866.00
2013-03-31 26,614.00 13,699.00 19,433.00
2012-12-31 25,725.00 13,867.00 18,385.00
2012-09-30 25,328.00 13,947.00 20,211.00
  • Daihatsu Diesel Mfg's level of debt (38.3%) 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 (47.4% vs 38.3% today).
  • Debt is well covered by operating cash flow (31.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 55.9x coverage).
X
Financial health checks
We assess Daihatsu Diesel Mfg'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. Daihatsu Diesel Mfg 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.

D1U Dividends

 What is Daihatsu Diesel Mfg'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
2.27%
Current annual income from Daihatsu Diesel Mfg dividends.
If you bought €2,000 of Daihatsu Diesel Mfg shares you are expected to receive €45 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?
  • Daihatsu Diesel Mfg's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Daihatsu Diesel Mfg's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:D1U 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
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:D1U Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:D1U Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 15.000 2.253
2019-04-25 15.000 2.318
2018-06-28 15.000 2.150
2018-04-26 15.000 1.729
2017-06-29 15.000 1.904
2017-04-28 15.000 2.199
2016-06-29 15.000 2.358
2016-04-27 15.000 2.517
2015-06-26 8.000 1.132
2015-04-27 8.000 1.120
2014-06-27 8.000 1.007
2014-04-24 8.000 1.134
2013-06-27 8.000 1.516
2013-04-25 8.000 1.652
2012-07-25 8.000 3.017
2012-06-28 8.000 3.081
2012-04-26 8.000 2.893
2012-01-31 8.000 2.039
2011-10-27 8.000 2.343
2011-07-27 8.000 2.109
2011-06-29 8.000 1.459
2011-04-26 8.000 1.411
2011-01-28 8.000 1.885
2010-06-29 8.000 2.779
2010-04-26 8.000 2.461
2009-06-26 8.000 2.031
2009-04-23 8.000 1.348

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 Daihatsu Diesel Mfg's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x 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 Daihatsu Diesel Mfg'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 Daihatsu Diesel Mfg afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Daihatsu Diesel Mfg 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.

D1U Management

 What is the CEO of Daihatsu Diesel Mfg'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
Shigeki Kinoshita
AGE 65
TENURE AS CEO 3 years
CEO Bio

Mr. Shigeki Kinoshita has been President at Daihatsu Diesel Mfg. Co., Ltd. since July 1, 2016. Mr. Kinoshita served as Senior Managing Director and Office Manager of Moriyama Business Office of Daihatsu Diesel Mfg. Co., Ltd. Mr. Kinoshita served as Manager of Managing Director, Moriyama Plant and Manager of Manufacturing Department at Daihatsu Diesel Mfg. Mr. Kinoshita served as Production and Plant Manager of Moriyama at Daihatsu Diesel Mfg. Co., Ltd. He joined Daihatsu Diesel Mfg. Co., Ltd. in April 1977 and served as its Manager of Production Technology Department for Moriyama Plant since March 2008. He has been an Executive Director of Daihatsu Diesel Mfg. Co., Ltd. since June 2012. He served as an External Auditor of Metalart Corporation since June 2013.

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

Average tenure and age of the Daihatsu Diesel Mfg management team in years:

0.5
Average Tenure
65
Average Age
  • The average tenure for the Daihatsu Diesel Mfg management team is less than 2 years, this suggests a new team.
Management Team

Shigeki Kinoshita

TITLE
President & Executive Director
AGE
65
TENURE
3 yrs

Osamu Goda

TITLE
Senior MD & Director
AGE
65

Hiroaki Iwabe

TITLE
Chief of Naval Vessels Business Promotion Office
AGE
67

Yuichi Uemura

TITLE
Executive Officer
AGE
59
TENURE
0.5 yrs

Toshiyuki Fujita

TITLE
MD & Director
AGE
65
TENURE
11.3 yrs

Isamu Teraoka

TITLE
MD & Director
TENURE
0.5 yrs

Yoshinobu Hotta

TITLE
Vice President & Director
TENURE
0.5 yrs

Yoichi Hayata

TITLE
MD & Director

Hideki Asada

TITLE
MD & Director

Takashi Mizushina

TITLE
MD & Director
Board of Directors Tenure

Average tenure and age of the Daihatsu Diesel Mfg board of directors in years:

3
Average Tenure
65
Average Age
  • The tenure for the Daihatsu Diesel Mfg board of directors is about average.
Board of Directors

Takeshi Harada

TITLE
Chairman
AGE
69
TENURE
3 yrs

Shigeki Kinoshita

TITLE
President & Executive Director
AGE
65
TENURE
7.1 yrs

Osamu Goda

TITLE
Senior MD & Director
AGE
65
TENURE
9.1 yrs

Hiroaki Iwabe

TITLE
Chief of Naval Vessels Business Promotion Office
AGE
67

Toshiyuki Fujita

TITLE
MD & Director
AGE
65
TENURE
5.1 yrs

Isamu Teraoka

TITLE
MD & Director
TENURE
3 yrs

Yoshinobu Hotta

TITLE
Vice President & Director
TENURE
2.1 yrs

Yoichi Hayata

TITLE
MD & Director
TENURE
0.5 yrs

Hideki Asada

TITLE
MD & Director
TENURE
0.5 yrs

Takashi Mizushina

TITLE
MD & Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Daihatsu Diesel Mfg'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. Daihatsu Diesel Mfg 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.

D1U News

Simply Wall St News

D1U Company Info

Description

Daihatsu Diesel Mfg. Co., Ltd. manufactures and sells marine engines, land engines, and industrial instruments in Japan and internationally. Its marine engine products include propulsion systems, electric propulsion systems, auxiliary systems, and dual-fuel engines, as well as marine engines for nitrogen oxide restriction. The company’s land engines comprise land diesel engines and gas turbines/gas engines for emergency power generation/pumping; and co-generation systems. Its industrial instruments include aluminum wheels, oil mist detectors and monitors, and doughnut RD couplings. The company was founded in 1907 and is headquartered in Osaka, Japan.

Details
Name: Daihatsu Diesel Mfg. Co., Ltd.
D1U
Exchange: DB
Founded: 1907
¥173,731,664
31,753,165
Website: http://www.dhtd.co.jp
Address: Daihatsu Diesel Mfg. Co., Ltd.
1-30, Oyodo Naka 1-chome,
Kita-ku,
Osaka,
531-0076,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6023 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB D1U Common Shares Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,247
Daihatsu Diesel Mfg employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 20:56
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/06/27
Last earnings reported: 2019/03/31
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.