Loading...

Daido Steel

DB:DDL
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DDL
DB
¥169B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Daido Steel Co., Ltd. manufactures and sells steel products in Japan, rest of Asia, North America, and internationally. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
DDL Share Price and Events
7 Day Returns
0%
DB:DDL
-1.3%
DE Metals and Mining
-0.3%
DE Market
1 Year Returns
-14.5%
DB:DDL
-45.1%
DE Metals and Mining
-6.7%
DE Market
DDL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Daido Steel (DDL) 0% 0.9% -14.4% -14.5% -7.4% -18.6%
DE Metals and Mining -1.3% -1.1% -17.3% -45.1% -31.5% -36.9%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • DDL outperformed the Metals and Mining industry which returned -45.1% over the past year.
  • DDL underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
DDL
Industry
5yr Volatility vs Market
Related Companies

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

DDL Value

 Is Daido Steel 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 Daido Steel 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 Daido Steel.

DB:DDL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
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:DDL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 30.86%) (102.97%))
1.548
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.548 * 5.96%)
9.45%

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

The calculations below outline how an intrinsic value for Daido Steel 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:DDL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.45%)
2020 15,904.25 Analyst x4 14,530.42
2021 12,616.00 Analyst x6 10,530.57
2022 16,983.83 Analyst x6 12,951.82
2023 19,404.33 Analyst x3 13,519.45
2024 20,362.67 Analyst x3 12,961.64
2025 21,062.17 Est @ 3.44% 12,248.80
2026 21,583.05 Est @ 2.47% 11,467.49
2027 21,971.45 Est @ 1.8% 10,665.45
2028 22,263.25 Est @ 1.33% 9,873.57
2029 22,485.45 Est @ 1% 9,110.71
Present value of next 10 years cash flows ¥117,859.92
DB:DDL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥22,485.45 × (1 + 0.23%) ÷ (9.45% – 0.23%)
¥244,251.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥244,251.93 ÷ (1 + 9.45%)10
¥98,966.59
DB:DDL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥117,859.92 + ¥98,966.59
¥216,826.51
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥216,826.51 / 42.63
¥5086.3
DB:DDL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DDL represents 0.00801x of TSE:5471
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00801x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 5,086.30 x 0.00801
€40.74
Value per share (EUR) From above. €40.74
Current discount Discount to share price of €31.80
= -1 x (€31.80 - €40.74) / €40.74
21.9%

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

Current Discount
Amount off the current price Daido Steel is available for.
Intrinsic value
22%
Share price is €31.8 vs Future cash flow value of €40.74
Current Discount Checks
For Daido Steel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Daido Steel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Daido Steel'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 Daido Steel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Daido Steel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DDL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥496.88
TSE:5471 Share Price ** TSE (2019-07-17) in JPY ¥3970
Europe Metals and Mining Industry PE Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 9.95x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

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

** Primary Listing of Daido Steel.

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

= TSE:5471 Share Price ÷ EPS (both in JPY)

= 3970 ÷ 496.88

7.99x

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

  • Daido Steel is good value based on earnings compared to the Europe Metals and Mining industry average.
  • Daido Steel is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Daido Steel's expected growth come at a high price?
Raw Data
DB:DDL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
1.4%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.7x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.99x ÷ 1.4%

5.52x

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

  • Daido Steel is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Daido Steel's assets?
Raw Data
DB:DDL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥6,697.43
TSE:5471 Share Price * TSE (2019-07-17) in JPY ¥3970
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 2.81x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:DDL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5471 Share Price ÷ Book Value per Share (both in JPY)

= 3970 ÷ 6,697.43

0.59x

* Primary Listing of Daido Steel.

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

  • Daido Steel is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess Daido Steel'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Daido Steel has a total score of 4/6, 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.

DDL Future Performance

 How is Daido Steel expected to perform in the next 1 to 3 years based on estimates from 8 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
1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Daido Steel expected to grow at an attractive rate?
  • Daido Steel's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Daido Steel's earnings growth is positive but not above the Germany market average.
  • Daido Steel's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DDL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DDL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 1.4%
DB:DDL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 0.9%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 47.1%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
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:DDL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DDL Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 563,025 52,672 23,833 4
2023-03-31 558,000 52,053 23,300 4
2022-03-31 537,886 48,151 21,643 7
2021-03-31 524,400 45,116 20,325 8
2020-03-31 526,375 44,859 22,863 8
DB:DDL Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 543,255 28,114 21,182
2018-12-31 545,795 22,354
2018-09-30 533,743 24,829 22,789
2018-06-30 521,517 23,794
2018-03-31 505,219 31,043 23,920
2017-12-31 492,432 23,804
2017-09-30 473,231 27,165 22,913
2017-06-30 458,099 19,844
2017-03-31 445,122 28,390 16,386
2016-12-31 438,160 11,070
2016-09-30 439,755 48,422 10,072
2016-06-30 450,028 7,286

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Daido Steel's earnings are expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
  • Daido Steel's revenue is expected to grow by 0.9% 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:DDL 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 8 Analyst Estimates (S&P Global) See Below

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

DB:DDL Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 521.96 525.50 518.42 2.00
2023-03-31 514.88 530.10 499.65 2.00
2022-03-31 511.89 609.90 398.80 8.00
2021-03-31 499.45 586.40 455.80 8.00
2020-03-31 539.66 586.40 504.30 9.00
DB:DDL Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 496.88
2018-12-31 524.36
2018-09-30 534.56
2018-06-30 558.13
2018-03-31 561.07
2017-12-31 558.30
2017-09-30 537.41
2017-06-30 467.39
2017-03-31 385.92
2016-12-31 260.55
2016-09-30 236.21
2016-06-30 169.43

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

DDL Past Performance

  How has Daido Steel 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 Daido Steel's growth in the last year to its industry (Metals and Mining).
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.
  • Daido Steel has delivered over 20% year on year earnings growth in the past 5 years.
  • Daido Steel's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Daido Steel's 1-year earnings growth is negative, it can't be compared to the Europe Metals and Mining industry average.
Earnings and Revenue History
Daido Steel'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 Daido Steel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DDL Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 543,255.00 21,182.00 56,326.00
2018-12-31 545,795.00 22,354.00 56,446.00
2018-09-30 533,743.00 22,789.00 55,873.00
2018-06-30 521,517.00 23,794.00 55,562.00
2018-03-31 505,219.00 23,920.00 55,032.00
2017-12-31 492,432.00 23,804.00 54,259.00
2017-09-30 473,231.00 22,913.00 53,495.00
2017-06-30 458,099.00 19,844.00 52,495.00
2017-03-31 445,122.00 16,386.00 51,696.00
2016-12-31 438,160.00 11,070.00 50,377.00
2016-09-30 439,755.00 10,072.00 49,499.00
2016-06-30 450,028.00 7,286.00 49,235.00
2016-03-31 460,577.00 6,746.00 48,774.00
2015-12-31 468,301.00 8,149.00 48,815.00
2015-09-30 478,548.00 8,807.00 49,061.00
2015-06-30 480,519.00 10,092.00 48,728.00
2015-03-31 483,633.00 10,886.00 48,312.00
2014-12-31 483,071.00 12,099.00 48,372.00
2014-09-30 474,525.00 9,961.00 47,887.00
2014-06-30 467,705.00 11,465.00 47,537.00
2014-03-31 457,731.00 12,616.00 47,150.00
2013-12-31 440,588.00 12,998.00 45,993.00
2013-09-30 428,827.00 12,247.00 45,550.00
2013-06-30 431,757.00 10,442.00 45,744.00
2013-03-31 440,428.00 10,983.00 46,049.00
2012-12-31 458,632.00 14,569.00 46,873.00
2012-09-30 481,570.00 19,841.00 47,797.00

*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.
  • Daido Steel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Daido Steel used its assets less efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • Daido Steel has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Daido Steel'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 Metals and Mining 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.
Daido Steel 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.

DDL Health

 How is Daido Steel'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 Daido Steel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Daido Steel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Daido Steel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Daido Steel'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 1.8x 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 Daido Steel Company Filings, last reported 3 months ago.

DB:DDL Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 318,139.00 174,273.00 41,734.00
2018-12-31 316,955.00 179,836.00 42,076.00
2018-09-30 324,432.00 174,171.00 41,595.00
2018-06-30 314,584.00 167,070.00 39,630.00
2018-03-31 316,408.00 159,494.00 42,167.00
2017-12-31 318,384.00 159,395.00 42,395.00
2017-09-30 306,256.00 156,220.00 45,100.00
2017-06-30 292,871.00 156,246.00 42,261.00
2017-03-31 290,499.00 141,397.00 34,966.00
2016-12-31 278,974.00 136,489.00 38,339.00
2016-09-30 266,990.00 131,777.00 31,391.00
2016-06-30 262,923.00 128,431.00 33,454.00
2016-03-31 268,345.00 134,685.00 34,887.00
2015-12-31 290,595.00 150,040.00 38,806.00
2015-09-30 288,033.00 145,434.00 34,927.00
2015-06-30 297,309.00 145,507.00 34,026.00
2015-03-31 292,404.00 145,070.00 32,585.00
2014-12-31 279,521.00 150,618.00 39,622.00
2014-09-30 274,131.00 145,797.00 32,867.00
2014-06-30 268,441.00 147,851.00 45,849.00
2014-03-31 267,624.00 142,568.00 40,674.00
2013-12-31 267,736.00 146,030.00 50,336.00
2013-09-30 260,251.00 150,771.00 56,572.00
2013-06-30 254,238.00 150,515.00 63,713.00
2013-03-31 245,740.00 145,536.00 52,020.00
2012-12-31 235,557.00 147,097.00 54,906.00
2012-09-30 229,309.00 147,673.00 58,864.00
  • Daido Steel's level of debt (54.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (53.3% vs 54.8% today).
  • Debt is not well covered by operating cash flow (16.1%, less than 20% of total debt).
  • Daido Steel earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Daido Steel'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. Daido Steel has a total score of 3/6, 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.

DDL Dividends

 What is Daido Steel's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.02%
Current annual income from Daido Steel dividends. Estimated to be 3.08% next year.
If you bought €2,000 of Daido Steel shares you are expected to receive €60 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?
  • Daido Steel's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Daido Steel's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Upcoming dividend payment

Purchase Daido Steel before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:DDL 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 8 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:DDL Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 120.00 2.00
2023-03-31 120.00 2.00
2022-03-31 127.13 8.00
2021-03-31 121.00 9.00
2020-03-31 120.00 9.00
DB:DDL Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-26 120.000 2.955
2019-04-26 120.000 2.990
2019-02-14 130.000 2.819
2019-01-30 130.000 2.944
2018-11-14 130.000 2.919
2018-10-31 130.000 2.834
2018-07-27 130.000 2.538
2018-06-27 130.000 2.595
2018-04-27 130.000 2.365
2018-02-14 120.000 2.147
2017-11-14 120.000 1.779
2017-10-31 120.000 1.668
2017-06-28 100.000 1.508
2017-04-27 100.000 1.619
2017-01-31 80.000 1.478
2016-10-31 80.000 1.666
2016-06-28 80.000 1.845
2016-04-28 80.000 2.193
2016-02-12 100.000 2.467
2016-01-29 100.000 2.174
2015-11-13 100.000 2.086
2015-10-30 100.000 2.048
2015-07-28 100.000 2.308
2015-06-26 100.000 2.036
2015-04-30 100.000 1.797
2015-02-13 70.000 1.293
2015-01-29 70.000 1.402
2014-11-14 70.000 1.577
2014-10-30 70.000 1.627
2014-06-27 65.000 1.403
2014-04-30 65.000 1.295
2013-10-31 50.000 0.985
2013-07-24 50.000 0.883
2013-04-30 50.000 0.923
2013-01-31 45.000 0.913
2012-10-31 60.000 1.597
2012-07-24 80.000 2.053
2012-06-28 80.000 1.636
2012-04-27 80.000 1.678
2012-01-31 70.000 1.316
2011-10-31 70.000 1.440
2011-07-26 70.000 1.499
2011-06-29 80.000 1.482
2011-04-28 80.000 1.636
2011-02-14 60.000 1.261
2011-01-31 60.000 1.133
2010-11-12 60.000 1.241
2010-10-28 60.000 1.398
2010-07-28 40.000 0.993
2010-06-29 40.000 1.037
2010-04-30 40.000 1.029
2010-02-12 0.000 0.000
2010-01-29 0.000 0.000
2009-11-13 0.000 0.000
2009-10-29 0.000 0.000
2009-06-26 40.000 1.110
2009-04-30 40.000 0.990
2009-02-12 80.000 3.067
2009-01-29 40.000 1.564
2008-10-30 80.000 2.853

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 Daido Steel'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 Daido Steel'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 Daido Steel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Daido Steel has a total score of 3/6, see the detailed checks below.


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

DDL Management

 What is the CEO of Daido Steel'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
Takeshi Ishiguro
AGE 62
TENURE AS CEO 3 years
CEO Bio

Mr. Takeshi Ishiguro has been Chief Executive Officer and President at Daido Steel Co. Ltd since July 5, 2016. Mr. Ishiguro served as Executive Vice President of Daido Steel Co. Ltd until July 5, 2016. Mr. Ishiguro served as Managing Director of Daido Steel Co. Ltd. and serves as its Representative Executive Director. He served as an External Audit & Supervisory Board Member of NHK Spring Co., Ltd. until June 28, 2016. Mr. Ishiguro served as Director of Fuji Oozx, Inc. since June 2011.

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

Average tenure and age of the Daido Steel management team in years:

3
Average Tenure
62
Average Age
  • The tenure for the Daido Steel management team is about average.
Management Team

Tadashi Shimao

TITLE
Chairperson of the Board
AGE
69

Takeshi Ishiguro

TITLE
President
AGE
62
TENURE
3 yrs

Tsukasa Nishimura

TITLE
Executive VP & Representative Executive Director
AGE
62
TENURE
3 yrs

Kazuto Tachibana

TITLE
Executive VP & Representative Executive Director
AGE
60

Kazuhiko Hirabayashi

TITLE
Managing Executive Officer
TENURE
3 yrs

Hajime Amano

TITLE
Managing Executive Officer & Director

Yoshiaki Mori

TITLE
Managing Executive Officer

Hirotaka Yoshinaga

TITLE
Managing Executive Officer
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Daido Steel board of directors in years:

2.1
Average Tenure
62
Average Age
  • The average tenure for the Daido Steel board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tadashi Shimao

TITLE
Chairperson of the Board
AGE
69
TENURE
3 yrs

Takeshi Ishiguro

TITLE
President
AGE
62

Tsukasa Nishimura

TITLE
Executive VP & Representative Executive Director
AGE
62

Kazuto Tachibana

TITLE
Executive VP & Representative Executive Director
AGE
60
TENURE
3 yrs

Hajime Amano

TITLE
Managing Executive Officer & Director
TENURE
1.1 yrs

Satoshi Yoshida

TITLE
Managing Executive Officer & Director
TENURE
2.1 yrs

Takeshi Muto

TITLE
Director
TENURE
2.1 yrs

Hitoshi Tanemura

TITLE
Outside Director

Shuji Soma

TITLE
Director
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 Daido Steel'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. Daido Steel 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.

DDL News

Simply Wall St News

DDL Company Info

Description

Daido Steel Co., Ltd. manufactures and sells steel products in Japan, rest of Asia, North America, and internationally. The company’s Specialty Steel segment manufactures specialty steel for automotive parts, industrial machinery parts, electrical machinery parts, construction, tool steel, etc. Its High Performance Materials and Magnetic Materials segment offers stainless steel, nickel-based alloys, electrical and electronics parts, magnetic material products, alloy powders, titanium products, and welding wires. The company’s Parts For Automobile and Industrial Equipment segment provides die forgings, precise hot forgings, and welded parts, including automotive parts and bearing races; open die forgings, such as parts for boats and ships, industrial machines, heavy electric machines, steel making equipment, chemical equipment, oil drilling rigs, and spacecraft and aircraft; and castings that comprise manganese railway rails, components for automobiles, industrial machines, electric machines and furnaces, cast steel products, etc. This segment also offers precision castings that include automotive, industrial machines, electric machines, telecommunications equipment, etc.; and engine valves, compressors, hydraulic equipment, and machine tool parts. Its Engineering segment provides steel making equipment; industrial furnaces and facilities; environmental equipment for drainage, exhaust, waste disposal, and treatment facilities; machine tools; and machine maintenance services. The company’s Trading and Service segment engages in the provision of welfare services; real estate and insurance business; and golf course management, analysis, and outside software sales businesses. Daido Steel Co., Ltd. was founded in 1916 and is headquartered in Nagoya, Japan.

Details
Name: Daido Steel Co., Ltd.
DDL
Exchange: DB
Founded: 1916
¥1,394,645,327
42,629,494
Website: http://www.daido.co.jp
Address: Daido Steel Co., Ltd.
Urbannet Nagoya Building,
1-10, Higashisakura 1-chome,
Nagoya,
Aichi, 461-8581,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5471 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB DDL Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
12,421
Daido Steel employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 21:24
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/06/26
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.