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DAO

SCREEN Holdings DB:DAO Stock Report

Last Price

JP¥76.50

Market Cap

JP¥3.6b

7D

-1.3%

1Y

4.1%

Updated

10 May, 2022

Data

Company Financials +
DAO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends4/6

DAO Stock Overview

SCREEN Holdings Co., Ltd. develops, manufactures, sells, and maintains semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

SCREEN Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SCREEN Holdings
Historical stock prices
Current Share PriceJP¥76.50
52 Week HighJP¥100.00
52 Week LowJP¥67.00
Beta1.45
1 Month Change-5.56%
3 Month Change-12.07%
1 Year Change4.08%
3 Year Change102.44%
5 Year Change14.94%
Change since IPO120.72%

Recent News & Updates

Shareholder Returns

DAODE SemiconductorDE Market
7D-1.3%-6.7%-4.3%
1Y4.1%-17.2%-13.7%

Return vs Industry: DAO exceeded the German Semiconductor industry which returned -18% over the past year.

Return vs Market: DAO exceeded the German Market which returned -16.1% over the past year.

Price Volatility

Is DAO's price volatile compared to industry and market?
DAO volatility
DAO Average Weekly Movement5.3%
Semiconductor Industry Average Movement7.3%
Market Average Movement6.4%
10% most volatile stocks in DE Market10.5%
10% least volatile stocks in DE Market3.6%

Stable Share Price: DAO is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DAO's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19435,982Toshi Hiroehttps://www.screen.co.jp

SCREEN Holdings Co., Ltd. develops, manufactures, sells, and maintains semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally. It operates in four segments: Semiconductor Production Equipment Business, Graphic Arts Equipment Business, Display Production Equipment and Coater Business, and PCB-Related Equipment Business. The company offers coat/develop trackers, wafer cleaning systems, annealing systems, measurement systems, inspection systems, and advanced packaging lithography equipment.

SCREEN Holdings Fundamentals Summary

How do SCREEN Holdings's earnings and revenue compare to its market cap?
DAO fundamental statistics
Market CapJP¥488.60b
Earnings (TTM)JP¥36.82b
Revenue (TTM)JP¥394.96b

13.3x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DAO income statement (TTM)
RevenueJP¥394.96b
Cost of RevenueJP¥273.98b
Gross ProfitJP¥120.98b
Other ExpensesJP¥84.16b
EarningsJP¥36.82b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 11, 2022

Earnings per share (EPS)790.46
Gross Margin30.63%
Net Profit Margin9.32%
Debt/Equity Ratio18.0%

How did DAO perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is SCREEN Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DAO (€76.5) is trading below our estimate of fair value (€193.43)

Significantly Below Fair Value: DAO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DAO is good value based on its PE Ratio (13.3x) compared to the German Semiconductor industry average (17.3x).

PE vs Market: DAO is good value based on its PE Ratio (13.3x) compared to the German market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: DAO is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: DAO is good value based on its PB Ratio (2.1x) compared to the DE Semiconductor industry average (2.7x).


Future Growth

How is SCREEN Holdings forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAO's forecast earnings growth (10.7% per year) is above the savings rate (-0.05%).

Earnings vs Market: DAO's earnings (10.7% per year) are forecast to grow faster than the German market (8.4% per year).

High Growth Earnings: DAO's earnings are forecast to grow, but not significantly.

Revenue vs Market: DAO's revenue (6% per year) is forecast to grow faster than the German market (5.4% per year).

High Growth Revenue: DAO's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DAO's Return on Equity is forecast to be low in 3 years time (15.8%).


Past Performance

How has SCREEN Holdings performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DAO has high quality earnings.

Growing Profit Margin: DAO's current net profit margins (9.3%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: DAO's earnings have declined by 8.1% per year over the past 5 years.

Accelerating Growth: DAO's earnings growth over the past year (346.5%) exceeds its 5-year average (-8.1% per year).

Earnings vs Industry: DAO earnings growth over the past year (346.5%) exceeded the Semiconductor industry 57.5%.


Return on Equity

High ROE: DAO's Return on Equity (15.5%) is considered low.


Financial Health

How is SCREEN Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DAO's short term assets (¥323.4B) exceed its short term liabilities (¥177.7B).

Long Term Liabilities: DAO's short term assets (¥323.4B) exceed its long term liabilities (¥39.7B).


Debt to Equity History and Analysis

Debt Level: DAO has more cash than its total debt.

Reducing Debt: DAO's debt to equity ratio has increased from 15.9% to 18% over the past 5 years.

Debt Coverage: DAO's debt is well covered by operating cash flow (205.8%).

Interest Coverage: DAO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DAO's dividend (2.2%) is higher than the bottom 25% of dividend payers in the German market (1.39%).

High Dividend: DAO's dividend (2.2%) is low compared to the top 25% of dividend payers in the German market (4.31%).


Stability and Growth of Payments

Stable Dividend: DAO's dividend payments have been volatile in the past 10 years.

Growing Dividend: DAO's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.4%), DAO's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (13.4%), DAO's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Toshi Hiroe

2.92yrs

Tenure

Mr. Toshio Hiroe, also known as Toshi, has been CEO, President & Representative Director of SCREEN Holdings Co., Ltd. since June 25, 2019. Mr. Hiroe served as President and Representative Director of SCREE...


Leadership Team

Experienced Management: DAO's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: DAO's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SCREEN Holdings Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: SCREEN Holdings Co., Ltd.
  • Ticker: DAO
  • Exchange: DB
  • Founded: 1943
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: JP¥488.604b
  • Listing Market Cap: JP¥3.560b
  • Shares outstanding: 46.58m
  • Website: https://www.screen.co.jp

Number of Employees


Location

  • SCREEN Holdings Co., Ltd.
  • Tenjinkita-machi 1-1
  • Teranouchi-agaru 4-chome
  • Kyoto
  • 602-8585
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/10 00:00
End of Day Share Price2022/05/10 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.