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SECOM

DB:XSC
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XSC
DB
¥1,996B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

SECOM CO., LTD. provides security services in Japan and internationally. The last earnings update was 66 days ago. More info.


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XSC Share Price and Events
7 Day Returns
-3.1%
DB:XSC
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
17.8%
DB:XSC
-8.1%
DE Commercial Services
-6%
DE Market
XSC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SECOM (XSC) -3.1% -4.2% -2.3% 17.8% 4.9% 73.5%
DE Commercial Services 1.5% 1.7% 10.8% -8.1% 1.3% -41%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • XSC outperformed the Commercial Services industry which returned -8.1% over the past year.
  • XSC outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
XSC
Industry
5yr Volatility vs Market

Value

 Is SECOM 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 SECOM 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 SECOM.

DB:XSC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.2%
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:XSC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 30.86%) (3.65%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.835 * 5.96%)
5.2%

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

The calculations below outline how an intrinsic value for SECOM 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:XSC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.2%)
2019 103,688.67 Analyst x3 98,560.40
2020 98,664.60 Analyst x5 89,146.38
2021 107,354.40 Analyst x5 92,200.52
2022 116,526.00 Analyst x2 95,127.82
2023 119,770.50 Analyst x2 92,940.66
2024 122,156.29 Est @ 1.99% 90,103.75
2025 123,943.16 Est @ 1.46% 86,900.20
2026 125,297.04 Est @ 1.09% 83,504.56
2027 126,340.81 Est @ 0.83% 80,035.79
2028 127,163.96 Est @ 0.65% 76,573.02
Present value of next 10 years cash flows ¥885,093.10
DB:XSC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥127,163.96 × (1 + 0.23%) ÷ (5.2% – 0.23%)
¥2,561,799.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,561,799.81 ÷ (1 + 5.2%)10
¥1,542,612.79
DB:XSC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥885,093.10 + ¥1,542,612.79
¥2,427,705.89
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥2,427,705.89 / 218.26
¥11122.97
DB:XSC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:XSC represents 0.0078x of TSE:9735
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0078x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 11,122.97 x 0.0078
€86.74
Value per share (EUR) From above. €86.74
Current discount Discount to share price of €71.32
= -1 x (€71.32 - €86.74) / €86.74
17.8%

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

Current Discount
Amount off the current price SECOM is available for.
Intrinsic value
18%
Share price is €71.32 vs Future cash flow value of €86.74
Current Discount Checks
For SECOM to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SECOM's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • SECOM'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 SECOM's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SECOM's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XSC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥427.87
TSE:9735 Share Price ** TSE (2019-04-18) in JPY ¥9146
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.52x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of SECOM.

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

= TSE:9735 Share Price ÷ EPS (both in JPY)

= 9146 ÷ 427.87

21.38x

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

  • SECOM is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • SECOM is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does SECOM's expected growth come at a high price?
Raw Data
DB:XSC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
7%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.38x ÷ 7%

3.03x

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

  • SECOM is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SECOM's assets?
Raw Data
DB:XSC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥4,484.80
TSE:9735 Share Price * TSE (2019-04-18) in JPY ¥9146
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:XSC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9735 Share Price ÷ Book Value per Share (both in JPY)

= 9146 ÷ 4,484.80

2.04x

* Primary Listing of SECOM.

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

  • SECOM is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess SECOM'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. SECOM has a total score of 0/6, 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 SECOM expected to perform in the next 1 to 3 years based on estimates from 7 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
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SECOM expected to grow at an attractive rate?
  • SECOM's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SECOM's earnings growth is positive but not above the Germany market average.
  • SECOM's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:XSC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XSC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 7%
DB:XSC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.7%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:XSC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XSC Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,140,000 2
2023-03-31 1,134,273 185,748 117,740 3
2022-03-31 1,108,038 178,681 112,276 3
2021-03-31 1,073,811 167,476 99,283 7
2020-03-31 1,040,351 158,719 92,279 7
2019-03-31 1,009,725 155,205 89,035 7
DB:XSC Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,004,745 93,386
2018-09-30 994,776 155,053 90,226
2018-06-30 983,421 93,768
2018-03-31 970,624 123,625 86,993
2017-12-31 950,800 81,240
2017-09-30 934,843 131,984 84,655
2017-06-30 931,180 84,710
2017-03-31 928,098 171,121 84,170
2016-12-31 928,466 81,257
2016-09-30 912,224 160,137 77,851
2016-06-30 895,951 76,566
2016-03-31 881,028 136,734 77,039

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SECOM's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • SECOM's revenue is expected to grow by 2.7% 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:XSC 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 7 Analyst Estimates (S&P Global) See Below

All data from SECOM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XSC Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31 539.30 592.60 449.00 3.00
2022-03-31 514.33 557.30 441.00 3.00
2021-03-31 454.90 514.30 425.20 7.00
2020-03-31 422.81 456.10 404.10 7.00
2019-03-31 407.92 454.50 380.00 7.00
DB:XSC Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 427.87
2018-09-30 413.39
2018-06-30 429.62
2018-03-31 398.57
2017-12-31 372.22
2017-09-30 387.86
2017-06-30 388.11
2017-03-31 385.64
2016-12-31 372.29
2016-09-30 356.69
2016-06-30 350.80
2016-03-31 352.96

*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.
  • SECOM is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SECOM'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.
SECOM 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 SECOM 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 SECOM's growth in the last year to its industry (Commercial Services).
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.
  • SECOM's year on year earnings growth rate has been positive over the past 5 years.
  • SECOM's 1-year earnings growth exceeds its 5-year average (15% vs 5.4%)
  • SECOM's earnings growth has not exceeded the Europe Commercial Services industry average in the past year (15% vs 15.7%).
Earnings and Revenue History
SECOM'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 SECOM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XSC Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,004,745.00 93,386.00 170,353.00
2018-09-30 994,776.00 90,226.00 169,535.00
2018-06-30 983,421.00 93,768.00 167,841.00
2018-03-31 970,624.00 86,993.00 166,116.00
2017-12-31 950,800.00 81,240.00 165,398.00
2017-09-30 934,843.00 84,655.00 163,174.00
2017-06-30 931,180.00 84,710.00 162,257.00
2017-03-31 928,098.00 84,170.00 161,303.00
2016-12-31 928,466.00 81,257.00 161,525.00
2016-09-30 912,224.00 77,851.00 160,010.00
2016-06-30 895,951.00 76,566.00 158,111.00
2016-03-31 881,028.00 77,039.00 155,559.00
2015-12-31 863,789.00 77,523.00 153,097.00
2015-09-30 856,232.00 74,256.00 151,997.00
2015-06-30 848,720.00 72,993.00 150,938.00
2015-03-31 840,722.00 75,392.00 151,124.00
2014-12-31 827,234.00 76,845.00 150,328.00
2014-09-30 823,289.00 75,612.00 150,066.00
2014-06-30 821,793.00 73,750.00 150,071.00
2014-03-31 822,228.00 69,876.00 149,625.00
2013-12-31 812,937.00 68,006.00 149,060.00
2013-09-30 795,779.00 67,390.00 147,049.00
2013-06-30 789,856.00 67,426.00 145,866.00
2013-03-31 765,635.00 63,658.00 145,281.00
2012-12-31 741,886.00 41,803.00 140,480.00
2012-09-30 722,204.00 39,203.00 137,629.00
2012-06-30 691,793.00 37,675.00 134,739.00

*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.
  • SECOM has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SECOM used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • SECOM's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SECOM'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 Commercial Services 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.
SECOM 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.

Health

 How is SECOM'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 SECOM's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SECOM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SECOM's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SECOM'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 11.3x 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 SECOM Company Filings, last reported 3 months ago.

DB:XSC Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,109,578.00 72,866.00 514,247.00
2018-09-30 1,106,339.00 66,351.00 498,789.00
2018-06-30 1,085,922.00 68,152.00 476,200.00
2018-03-31 1,081,212.00 77,230.00 470,435.00
2017-12-31 1,049,980.00 76,951.00 465,771.00
2017-09-30 1,036,521.00 69,177.00 475,466.00
2017-06-30 1,013,173.00 72,421.00 474,463.00
2017-03-31 1,013,253.00 84,084.00 462,370.00
2016-12-31 971,554.00 84,588.00 452,538.00
2016-09-30 951,475.00 76,172.00 424,719.00
2016-06-30 938,892.00 79,347.00 398,047.00
2016-03-31 943,143.00 102,827.00 391,173.00
2015-12-31 939,278.00 134,695.00 396,732.00
2015-09-30 934,900.00 69,396.00 330,832.00
2015-06-30 916,259.00 72,759.00 316,996.00
2015-03-31 907,340.00 79,609.00 311,133.00
2014-12-31 867,692.00 82,948.00 292,937.00
2014-09-30 850,708.00 73,143.00 302,886.00
2014-06-30 826,727.00 78,819.00 277,539.00
2014-03-31 830,368.00 86,574.00 282,066.00
2013-12-31 808,873.00 86,354.00 274,396.00
2013-09-30 790,295.00 75,083.00 245,612.00
2013-06-30 766,143.00 72,867.00 236,856.00
2013-03-31 764,138.00 79,487.00 246,239.00
2012-12-31 719,421.00 87,068.00 242,165.00
2012-09-30 683,732.00 69,368.00 276,651.00
2012-06-30 668,268.00 70,857.00 244,134.00
  • SECOM's level of debt (6.6%) 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 (10.7% vs 6.6% today).
  • Debt is well covered by operating cash flow (212.8%, greater than 20% of total debt).
  • SECOM earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess SECOM'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. SECOM 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.

Dividends

 What is SECOM'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
1.86%
Current annual income from SECOM dividends. Estimated to be 2.1% next year.
If you bought €2,000 of SECOM shares you are expected to receive €37 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?
  • SECOM's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • SECOM's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:XSC 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 7 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
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 3.7%

Industry and Market average data is calculated daily.

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

DB:XSC Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31 224.00 3.00
2022-03-31 211.00 3.00
2021-03-31 187.29 7.00
2020-03-31 174.57 7.00
2019-03-31 164.43 7.00
DB:XSC Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-14 170.000 1.798
2019-02-08 170.000 1.859
2018-11-14 170.000 1.837
2018-11-08 170.000 1.893
2018-06-26 165.000 1.858
2018-05-10 165.000 2.007
2018-02-14 160.000 2.023
2018-02-08 160.000 2.060
2017-11-14 160.000 1.890
2017-11-09 160.000 1.866
2017-08-14 155.000 1.864
2017-08-08 155.000 1.895
2017-06-27 150.000 1.775
2017-05-11 155.000 1.855
2017-02-14 150.000 1.840
2017-02-09 150.000 1.806
2016-11-14 150.000 1.803
2016-11-09 150.000 1.941
2016-06-24 145.000 1.892
2016-05-11 145.000 1.757
2016-02-12 130.000 1.565
2016-02-10 140.000 1.810
2015-11-13 140.000 1.725
2015-11-09 140.000 1.722
2015-06-25 135.000 1.723
2015-05-11 135.000 1.625
2015-02-13 130.000 1.631
2015-02-12 130.000 1.836
2014-11-14 130.000 1.897
2014-11-10 130.000 1.837
2014-06-25 125.000 1.973
2014-05-08 125.000 2.007
2014-02-12 115.000 1.995
2013-11-06 115.000 1.911
2013-08-07 115.000 1.950
2013-06-25 105.000 1.888
2013-05-09 115.000 2.189
2013-02-07 100.000 2.022
2012-11-08 100.000 2.338
2012-08-09 100.000 2.513
2012-05-10 100.000 2.802
2012-02-08 90.000 2.332
2011-11-09 90.000 2.555
2011-08-09 90.000 2.486
2011-06-24 90.000 2.351
2011-05-11 90.000 2.361
2011-02-08 90.000 2.259
2010-11-09 90.000 2.350
2010-06-25 90.000 2.331
2010-05-11 90.000 2.257
2009-11-05 90.000 2.160
2009-05-11 90.000 2.204
2009-04-22 90.000 2.500

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 SECOM's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x 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 SECOM'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 SECOM afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SECOM 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 SECOM'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
Yasuo Nakayama
CEO Bio

Mr. Yasuo Nakayama serves as the President and Executive Officer of Secom Co. Ltd. Mr. Nakayama served as Director General of Bank of Japan. Mr. Nakayama serves as a Representative Director at Secom Co. Ltd. Mr. Nakayama serves as a Director of System Solutions Co.,Ltd. He served as an Auditor of Epson Imaging Devices Corporation.

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

Yasuo Nakayama

TITLE
President & Representative Director

Makoto Iida

TITLE
Founder & Director

Masahiro Takeda

TITLE
Managing Executive Officer
AGE
64

Yasuyuki Yoshida

TITLE
Senior Executive Director

Keitaro Arai

TITLE
Managing Executive Officer
TENURE
1.8 yrs

Tatsuro Fuse

TITLE
Executive Director

Kenichi Furukawa

TITLE
Managing Executive Officer
AGE
59

Shokichi Ishimura

TITLE
Managing Executive Officer
AGE
63

Toshiaki Mizuno

TITLE
Managing Executive Officer

Ichiro Ozeki

TITLE
Executive Director
Board of Directors

Yasuo Nakayama

TITLE
President & Representative Director

Makoto Iida

TITLE
Founder & Director

Yasuyuki Yoshida

TITLE
Senior Executive Director

Tatsuro Fuse

TITLE
Executive Director

Ichiro Ozeki

TITLE
Executive Director

Takaharu Hirose

TITLE
Outside Director

Tatsuya Izumida

TITLE
Director

Tatsushi Kurihara

TITLE
Director

Hirobumi Kawano

TITLE
Outside Director
AGE
72

Hajime Watanabe

TITLE
Outside Director
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 SECOM'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. SECOM 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

Company Info

Description

SECOM CO., LTD. provides security services in Japan and internationally. The company provides online security; remote imaging security; and building management systems for condominiums and apartments, shops, offices, warehouses, factories, and other commercial and industrial establishments, as well as financial institutions; emergency medical alert system for seniors; large-scale proprietary; and camera systems. It also offers automatic fire alarm, environmental monitoring systems, and fire and smoke control systems; foam, dry chemical, and inert gas fire extinguishing systems, as well as fire sprinklers; inspection, maintenance, and repair services; and parking lot control systems, as well as assembles and sells printed circuit boards. In addition, the company provides pharmaceutical and home nursing services, and consulting and support services for physicians; caregivers to assist with personal hygiene and other daily activities; housekeeping services; electronic medical report system for home medical care; remote image diagnosis support services; robots that enable people with impaired upper body mobility to eat with minimal assistance; residences for seniors; and health care club services. Further, it offers fire, cancer treatment, and automobile insurance products, as well as hospital referrals and treatment related consulting services; geographic information services; and data center, disaster response, information security, and cloud-based services. Additionally, the company develops and sells condominiums and suites; leases and manages real estate properties; sells security, medical, water-treatment, and air-conditioning equipment; operates PFI correctional facilities, pharmacies, and restaurants and shops at medical facilities; and offers electrical engineering, employment agency, general office, credit, printing, software development, lifestyle support, and car maintenance services. The company was founded in 1962 and is headquartered in Tokyo, Japan.

Details
Name: SECOM CO., LTD.
XSC
Exchange: DB
Founded: 1962
¥15,858,408,455
218,260,654
Website: http://www.secom.co.jp
Address: SECOM CO., LTD.
5-1, Jingumae 1-chome,
Shibuya-ku,
Tokyo,
150-0001,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9735 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SOML.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB XSC Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK SOML.Y ADR Pink Sheets LLC US USD 21. Mar 1986
Number of employees
Current staff
Staff numbers
54,648
SECOM employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:56
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.