DB:XST

Stock Analysis Report

Executive Summary

Sanwa Holdings Corporation, through its subsidiaries, manufactures and sells construction materials for commercial and residential construction in Japan and rest of Asia, North America, and Europe.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Share Price & News

How has Sanwa Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.8%

DB:XST

1.7%

DE Building

0.8%

DE Market


1 Year Return

3.3%

DB:XST

-20.3%

DE Building

-10.9%

DE Market

XST outperformed the Building industry which returned -20.3% over the past year.

XST outperformed the Market in Germany which returned -10.9% over the past year.


Share holder returns

XSTIndustryMarket
7 Day2.8%1.7%0.8%
30 Day6.6%-7.7%-5.0%
90 Day9.6%-7.8%-2.9%
1 Year5.8%3.3%-18.0%-20.3%-8.1%-10.9%
3 Year35.9%26.3%8.1%0.2%10.4%0.9%
5 Year99.6%77.0%28.8%14.0%25.5%8.1%

Price Volatility Vs. Market

How volatile is Sanwa Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sanwa Holdings undervalued based on future cash flows and its price relative to the stock market?

28%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Sanwa Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Sanwa Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Sanwa Holdings is good value based on earnings compared to the DE Building industry average.

Sanwa Holdings is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Sanwa Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

Sanwa Holdings is overvalued based on assets compared to the DE Building industry average.


Next Steps

Future Growth

How is Sanwa Holdings expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sanwa Holdings's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

Sanwa Holdings's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).

Sanwa Holdings's revenue growth is positive but not above the Germany market average.

Sanwa Holdings's earnings growth is positive but not above the Germany market average.

Sanwa Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Sanwa Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Sanwa Holdings performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Sanwa Holdings's year on year earnings growth rate has been positive over the past 5 years.

Sanwa Holdings's 1-year earnings growth exceeds its 5-year average (17.8% vs 12.3%)

Sanwa Holdings's earnings growth has exceeded the DE Building industry average in the past year (17.8% vs -17.1%).


Return on Equity

Sanwa Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Sanwa Holdings used its assets more efficiently than the DE Building industry average last year based on Return on Assets.


Return on Capital Employed

Sanwa Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Sanwa Holdings's financial position?


Financial Position Analysis

Sanwa Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Sanwa Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Sanwa Holdings's level of debt (39.8%) 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 (60.6% vs 39.8% today).

Debt is well covered by operating cash flow (38.7%, greater than 20% of total debt).

Sanwa Holdings earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.3x debt.


Next Steps

Dividend

What is Sanwa Holdings's current dividend yield, its reliability and sustainability?

3.21%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Sanwa Holdings before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Sanwa Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.53%).

Sanwa Holdings's dividend is below the markets top 25% of dividend payers in Germany (4.08%).

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

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.


Next Steps

Management

What is the CEO of Sanwa Holdings's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Toshitaka Takayama 0

7.3yrs

Tenure

JP¥154,000,000

Compensation

Mr. Toshitaka Takayama has been the Chairman and Chief Executive Officer of Sanwa Holdings Corporation (formerly Sanwa Shutter Corp.) since June 2012 and April 2012 respectively. Mr. Takayama served as Pre ...


CEO Compensation Analysis

Toshitaka's remuneration is lower than average for companies of similar size in Germany.

Toshitaka's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.3yrs

Average Tenure

The tenure for the Sanwa Holdings management team is about average.


Board Age and Tenure

5.2yrs

Average Tenure

The tenure for the Sanwa Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Toshitaka Takayama

    Chairman & CEO

    • Tenure: 7.3yrs
    • Compensation: JP¥154.00m
  • Masahiro Fukuda

    Senior Executive Officer of Corporate Planning Unit & Director

    • Tenure: 7.2yrs
  • Yasushi Takayama

    President

    • Tenure: 7.2yrs
  • Takenobu Hoizumi

    Executive Officer & Subleader of Corporate Planning Unit

    • Tenure: 0.6yrs
  • Hiroatsu Fujisawa

    Senior Managing Executive Officer of Global Business Unit & Director

    • Tenure: 5.2yrs
  • Toshiaki Doba

    Senior Executive Officer & Head of Americas Business and Global Business Unit

    • Tenure: 3.3yrs
  • Kazuhiko Yokota

    Executive Officer & Head of China Business - Global Business Unit

    • Tenure: 0.0yrs
  • Hiroyuki Yamazaki

    Senior Executive Officer

    • Tenure: 0.0yrs

Board Members

  • Makoto Yasuda (69yo)

    Outside Director

    • Tenure: 5.2yrs
  • Toshitaka Takayama

    Chairman & CEO

    • Tenure: 7.3yrs
    • Compensation: JP¥154.00m
  • Tsunekatsu Yonezawa (71yo)

    Outside Director

    • Tenure: 3.2yrs
  • Masahiro Fukuda

    Senior Executive Officer of Corporate Planning Unit & Director

    • Tenure: 7.2yrs
  • Yasushi Takayama

    President

    • Tenure: 7.2yrs
  • Hiroatsu Fujisawa

    Senior Managing Executive Officer of Global Business Unit & Director

    • Tenure: 5.2yrs
  • Teiko Zaima

    Director

    • Tenure: 3.2yrs
  • Akira Gokita

    Outside Director

    • Tenure: 3.2yrs
  • Meiji Takayama

    Director

    • Tenure: 2.2yrs

Company Information

Sanwa Holdings Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sanwa Holdings Corporation
  • Ticker: XST
  • Exchange: DB
  • Founded: 1956
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: JP¥263.675b
  • Listing Market Cap: JP¥2.242b
  • Shares outstanding: 224.98m
  • Website: https://www.sanwa-hldgs.co.jp

Number of Employees


Location

  • Sanwa Holdings Corporation
  • Shinjuku Mitsui Building
  • 52nd Floor
  • Tokyo
  • 163-0478
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5929TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
XSTDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

Sanwa Holdings Corporation, through its subsidiaries, manufactures and sells construction materials for commercial and residential construction in Japan and rest of Asia, North America, and Europe. The com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 20:53
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.