Loading...

Hanwa

DB:HW4
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HW4
DB
¥120B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Hanwa Co., Ltd. trades in steel, metals and alloys, nonferrous metals, food products, petroleum and chemicals, lumber, machinery, and other products in Japan, Asia, and internationally. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
HW4 Share Price and Events
7 Day Returns
1.7%
DB:HW4
-0.4%
DE Trade Distributors
-0.2%
DE Market
1 Year Returns
-
DB:HW4
-15.1%
DE Trade Distributors
-10.4%
DE Market
HW4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hanwa (HW4) 1.7% -8.5% -4.1% - - -
DE Trade Distributors -0.4% -7.6% 2% -15.1% -6.8% -8.2%
DE Market -0.2% -2.1% 4.2% -10.4% 11.1% 10.6%
1 Year Return vs Industry and Market
  • No trading data on HW4.
  • No trading data on HW4.
Price Volatility
HW4
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Hanwa's competitors could be found in our database.

HW4 Value

 Is Hanwa 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 Hanwa 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 Hanwa.

DB:HW4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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:HW4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.91 (1 + (1- 30.86%) (301.85%))
2.213
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)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:HW4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hanwa 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:HW4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.15%)
2019 -27,117.67 Analyst x3 -24,180.25
2020 16,114.00 Analyst x3 12,812.10
2021 11,373.00 Analyst x3 8,063.07
2022 6,650.00 Analyst x2 4,203.93
2023 12,650.00 Analyst x2 7,130.71
2024 10,500.00 Analyst x1 5,277.64
2025 9,144.78 Est @ -12.91% 4,098.57
2026 8,324.82 Est @ -8.97% 3,326.92
2027 7,808.01 Est @ -6.21% 2,782.38
2028 7,474.05 Est @ -4.28% 2,374.87
Present value of next 10 years cash flows ¥25,889.96
DB:HW4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥7,474.05 × (1 + 0.23%) ÷ (12.15% – 0.23%)
¥62,844.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥62,844.68 ÷ (1 + 12.15%)10
¥19,968.86
DB:HW4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥25,889.96 + ¥19,968.86
¥45,858.81
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥45,858.81 / 40.64
¥1128.55
DB:HW4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HW4 represents 0.00796x of TSE:8078
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00796x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,128.55 x 0.00796
€8.98
Value per share (EUR) From above. €8.98
Current discount Discount to share price of €23.48
= -1 x (€23.48 - €8.98) / €8.98
-161.4%

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

  • The current share price of Hanwa 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 Hanwa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hanwa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HW4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥342.41
TSE:8078 Share Price ** TSE (2019-05-17) in JPY ¥2950
Germany Trade Distributors Industry PE Ratio Median Figure of 8 Publicly-Listed Trade Distributors Companies 14.69x
Germany Market PE Ratio Median Figure of 426 Publicly-Listed Companies 20.24x

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

** Primary Listing of Hanwa.

DB:HW4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8078 Share Price ÷ EPS (both in JPY)

= 2950 ÷ 342.41

8.62x

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

  • Hanwa is good value based on earnings compared to the DE Trade Distributors industry average.
  • Hanwa is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hanwa's expected growth come at a high price?
Raw Data
DB:HW4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
8.5%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1.72x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

DB:HW4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.62x ÷ 8.5%

1.02x

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

  • Hanwa is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hanwa's assets?
Raw Data
DB:HW4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥4,632.50
TSE:8078 Share Price * TSE (2019-05-17) in JPY ¥2950
Germany Trade Distributors Industry PB Ratio Median Figure of 9 Publicly-Listed Trade Distributors Companies 1.36x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:HW4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8078 Share Price ÷ Book Value per Share (both in JPY)

= 2950 ÷ 4,632.50

0.64x

* Primary Listing of Hanwa.

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

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

HW4 Future Performance

 How is Hanwa expected to perform in the next 1 to 3 years based on estimates from 4 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
8.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hanwa expected to grow at an attractive rate?
  • Hanwa's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hanwa's earnings growth is positive but not above the Germany market average.
  • Hanwa's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HW4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HW4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 8.5%
DB:HW4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.1%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:HW4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HW4 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,150,000 18,500 22,000 1
2023-03-31 2,197,000 19,650 20,900 2
2022-03-31 2,162,050 13,650 20,350 2
2021-03-31 2,178,265 20,440 22,749 2
2020-03-31 2,132,316 25,714 18,700 2
DB:HW4 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 2,074,600 15,417 13,914
2018-12-31 2,042,823 16,935
2018-09-30 1,959,066 -51,774 15,764
2018-06-30 1,880,204 16,490
2018-03-31 1,791,118 -19,755 17,354
2017-12-31 1,721,775 18,395
2017-09-30 1,635,397 -25,355 18,310
2017-06-30 1,571,853 17,991
2017-03-31 1,514,037 3,959 16,363
2016-12-31 1,437,984 27,060
2016-09-30 1,439,203 45,825 25,623
2016-06-30 1,464,317 25,326

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hanwa's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
  • Hanwa'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
DB:HW4 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 4 Analyst Estimates (S&P Global) See Below

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

DB:HW4 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 540.20 540.20 540.20 1.00
2023-03-31 513.73 515.60 511.87 2.00
2022-03-31 500.20 503.30 497.10 2.00
2021-03-31 559.53 762.90 466.40 4.00
2020-03-31 460.20 460.20 460.20 1.00
DB:HW4 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 342.41
2018-12-31 416.74
2018-09-30 387.92
2018-06-30 405.78
2018-03-31 427.03
2017-12-31 452.63
2017-09-30 450.54
2017-06-30 442.69
2017-03-31 400.88
2016-12-31 659.72
2016-09-30 621.64
2016-06-30 611.45

*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.
  • Hanwa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hanwa'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 Europe 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.
Hanwa 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.

HW4 Past Performance

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

DB:HW4 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 2,074,600.00 13,914.00 50,318.00
2018-12-31 2,042,823.00 16,935.00 49,634.00
2018-09-30 1,959,066.00 15,764.00 48,648.00
2018-06-30 1,880,204.00 16,490.00 46,924.00
2018-03-31 1,791,118.00 17,354.00 45,977.00
2017-12-31 1,721,775.00 18,395.00 45,021.00
2017-09-30 1,635,397.00 18,310.00 43,355.00
2017-06-30 1,571,853.00 17,991.00 42,388.00
2017-03-31 1,514,037.00 16,363.00 41,088.00
2016-12-31 1,437,984.00 27,060.00 38,961.00
2016-09-30 1,439,203.00 25,623.00 39,011.00
2016-06-30 1,464,317.00 25,326.00 38,951.00
2016-03-31 1,511,800.00 25,469.00 37,790.00
2015-12-31 1,602,157.00 11,558.00 37,700.00
2015-09-30 1,664,497.00 11,158.00 36,908.00
2015-06-30 1,712,107.00 10,006.00 36,300.00
2015-03-31 1,737,397.00 9,086.00 36,622.00
2014-12-31 1,762,709.00 7,629.00 36,435.00
2014-09-30 1,752,895.00 8,085.00 36,141.00
2014-06-30 1,721,352.00 7,905.00 35,479.00
2014-03-31 1,682,503.00 7,896.00 35,112.00
2013-12-31 1,623,589.00 7,333.00 34,790.00
2013-09-30 1,566,475.00 8,599.00 33,959.00
2013-06-30 1,522,488.00 6,874.00 33,205.00
2013-03-31 1,511,324.00 4,720.00 32,271.00
2012-12-31 1,507,028.00 5,450.00 31,940.00
2012-09-30 1,537,175.00 723.00 31,275.00
2012-06-30 1,553,967.00 2,003.00 31,344.00

*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.
  • Hanwa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hanwa used its assets less efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Hanwa has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hanwa'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 Trade Distributors 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.
Hanwa has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

HW4 Health

 How is Hanwa'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 Hanwa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hanwa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hanwa's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hanwa'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 2x 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 Hanwa Company Filings, last reported 1 month ago.

DB:HW4 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 202,458.00 361,842.00 60,497.00
2018-12-31 200,734.00 388,428.00 39,505.00
2018-09-30 207,164.00 378,360.00 39,374.00
2018-06-30 204,271.00 367,055.00 42,440.00
2018-03-31 203,699.00 324,022.00 36,881.00
2017-12-31 196,655.00 350,770.00 53,791.00
2017-09-30 193,492.00 295,660.00 33,947.00
2017-06-30 186,957.00 289,110.00 39,321.00
2017-03-31 171,636.00 258,591.00 28,951.00
2016-12-31 163,292.00 237,076.00 34,301.00
2016-09-30 156,615.00 233,217.00 40,563.00
2016-06-30 152,154.00 241,815.00 36,463.00
2016-03-31 156,138.00 236,290.00 27,115.00
2015-12-31 145,320.00 264,195.00 28,704.00
2015-09-30 142,648.00 260,407.00 27,627.00
2015-06-30 144,843.00 262,470.00 28,142.00
2015-03-31 142,748.00 271,507.00 27,152.00
2014-12-31 135,203.00 299,543.00 23,845.00
2014-09-30 132,243.00 277,736.00 21,647.00
2014-06-30 127,901.00 262,820.00 28,527.00
2014-03-31 125,360.00 244,885.00 18,007.00
2013-12-31 130,993.00 257,077.00 22,890.00
2013-09-30 130,306.00 245,882.00 27,185.00
2013-06-30 121,938.00 249,279.00 28,218.00
2013-03-31 120,673.00 235,175.00 23,285.00
2012-12-31 116,040.00 228,909.00 23,126.00
2012-09-30 113,076.00 232,268.00 19,456.00
2012-06-30 114,735.00 242,944.00 19,722.00
  • Hanwa's level of debt (178.7%) 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 (195.5% vs 178.7% today).
  • Debt is not well covered by operating cash flow (4.3%, less than 20% of total debt).
  • Hanwa earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Hanwa'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. Hanwa 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.

HW4 Dividends

 What is Hanwa'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
5.08%
Current annual income from Hanwa dividends. Estimated to be 5.49% next year.
If you bought €2,000 of Hanwa shares you are expected to receive €102 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?
  • Hanwa's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Hanwa's dividend is above the markets top 25% of dividend payers in Germany (3.8%).
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:HW4 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 4 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
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:HW4 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 160.00 1.00
2023-03-31 150.00 2.00
2022-03-31 150.00 2.00
2021-03-31 180.00 4.00
2020-03-31 150.00 2.00
DB:HW4 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 150.000 4.676
2018-11-14 150.000 4.968
2018-11-09 150.000 4.411
2018-06-25 150.000 3.890
2018-05-11 150.000 3.203
2017-11-10 100.000 2.127
2017-06-30 100.000 2.516
2017-05-12 100.000 2.527
2017-02-10 90.000 2.277
2016-11-11 90.000 2.378
2016-08-10 90.000 2.959
2016-06-30 90.000 3.220
2016-05-13 90.000 3.239
2016-02-12 80.000 3.371
2016-02-10 80.000 3.807
2015-11-13 80.000 3.149
2015-06-30 80.000 3.168
2015-05-14 80.000 2.848
2015-02-12 75.000 3.123
2014-06-30 60.000 2.890
2014-05-12 60.000 2.953
2014-02-13 60.000 2.892
2013-11-07 60.000 2.308
2013-06-28 60.000 2.770
2013-05-13 60.000 3.260
2013-02-14 50.000 2.761
2013-02-12 50.000 2.742
2012-11-14 50.000 3.280
2012-11-07 50.000 3.873
2012-08-07 60.000 4.343
2012-06-29 60.000 4.217
2012-05-11 60.000 4.085
2012-02-14 60.000 3.327
2012-02-09 60.000 3.306
2011-11-14 60.000 3.502
2011-11-09 60.000 3.646
2011-08-05 60.000 3.638
2011-06-30 60.000 3.404
2011-05-13 60.000 3.642
2011-02-14 60.000 3.370
2011-02-09 60.000 3.057
2010-11-12 60.000 3.297
2010-11-08 60.000 4.009
2010-06-30 60.000 3.669
2010-05-13 60.000 3.231
2010-02-12 60.000 3.146
2010-02-05 60.000 3.709
2009-11-05 60.000 3.765

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hanwa's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x 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 Hanwa'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 Hanwa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hanwa 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.

HW4 Management

 What is the CEO of Hanwa'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
Hironari Furukawa
CEO Bio

Mr. Hironari Furukawa serves as the President of Hanwa Co. Ltd. and served as its Executive Vice President, Senior Managing Director and Managing Director. Mr. Furukawa serves as a Representative Director of Hanwa Co. Ltd.

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

Average tenure of the Hanwa management team in years:

0.3
Average Tenure
  • The average tenure for the Hanwa management team is less than 2 years, this suggests a new team.
Management Team

Hironari Furukawa

TITLE
President & Representative Director

Hiroshi Ebihara

TITLE
Senior Managing Executive Officer
AGE
63

Hiroshi Serizawa

TITLE
Executive VP

Takatoshi Kuchiishi

TITLE
Managing Executive Officer & Director

Yasumichi Kato

TITLE
Executive VP & Director
TENURE
3.1 yrs

Chiro Ideriha

TITLE
Managing Executive Officer & Director

Yasuharu Kurata

TITLE
Senior Managing Executive Officer & Director

Hidemi Nagashima

TITLE
Senior Managing Executive Officer & Director

Hiromasa Yamamoto

TITLE
Senior Managing Executive Officer & Director
TENURE
0.3 yrs

Yasushi Hatanaka

TITLE
Senior Managing Executive Officer
TENURE
0.3 yrs
Board of Directors

Hironari Furukawa

TITLE
President & Representative Director

Hiroshi Serizawa

TITLE
Executive VP

Takatoshi Kuchiishi

TITLE
Managing Executive Officer & Director

Yasumichi Kato

TITLE
Executive VP & Director

Chiro Ideriha

TITLE
Managing Executive Officer & Director

Yasuharu Kurata

TITLE
Senior Managing Executive Officer & Director
TENURE
2.9 yrs

Hidemi Nagashima

TITLE
Senior Managing Executive Officer & Director

Hiromasa Yamamoto

TITLE
Senior Managing Executive Officer & Director

Yasushi Hatanaka

TITLE
Senior Managing Executive Officer

Yoichi Sasayama

TITLE
Managing Executive Officer
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hanwa'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. Hanwa 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.

HW4 News

Simply Wall St News

HW4 Company Info

Description

Hanwa Co., Ltd. trades in steel, metals and alloys, nonferrous metals, food products, petroleum and chemicals, lumber, machinery, and other products in Japan, Asia, and internationally. The company operates through six segments: Steel, Metals and alloys, Non-Ferrous Metals, Foods, Petroleum and Chemicals, and Overseas Sales Subsidiaries. The Steel segment sells steel bars and shapes, steel plates and sheets, special steels, wire products, steel pipes, and steelmaking raw materials. The Metals and Alloys segment offers nickel, chromium, silicon, manganese, and steel alloys. The Non-Ferrous Metals segment recycles aluminum, copper, and zinc. The Foods segment provides seafood and meat products. The Petroleum and Chemicals segment offers petroleum products, industrial chemicals, chemicals, refuse plastics, and paper fuel. The Overseas Sales Subsidiaries segment trades in various goods and related business activities internationally. The company also imports forest products, as well as handles various amusement facilities and industrial machinery. Hanwa Co., Ltd. was founded in 1947 and is headquartered in Osaka, Japan.

Details
Name: Hanwa Co., Ltd.
HW4
Exchange: DB
Founded: 1947
¥976,962,495
40,635,312
Website: http://www.hanwa.co.jp
Address: Hanwa Co., Ltd.
HK Yodoyabashi Garden Avenue Building,
4-3-9 Fushimi-machi,
Osaka,
541-8585,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8078 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB HW4 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,576
Hanwa employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 23:33
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/13
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.