BST:06R

Stock Analysis Report

Executive Summary

Roland DG Corporation manufactures and sells computer peripheral equipment in Japan, other Asian countries, North America, Europe, and internationally.


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Roland DG's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 06R's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.4%

06R

-11.0%

DE Tech

-6.8%

DE Market


1 Year Return

-20.2%

06R

4.4%

DE Tech

6.5%

DE Market

Return vs Industry: 06R underperformed the German Tech industry which returned 4.4% over the past year.

Return vs Market: 06R underperformed the German Market which returned 6.5% over the past year.


Shareholder returns

06RIndustryMarket
7 Day-5.4%-11.0%-6.8%
30 Day-14.0%-13.2%-3.7%
90 Day-17.1%7.3%-3.6%
1 Year-18.4%-20.2%5.2%4.4%9.8%6.5%
3 Year-45.9%-50.0%128.1%123.4%6.8%-2.6%
5 Year-32.3%-41.0%82.5%61.0%12.5%-2.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Roland DG undervalued compared to its fair value and its price relative to the market?

11.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 06R (€14.1) is trading above our estimate of fair value (€14.06)

Significantly Below Fair Value: 06R is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 06R is good value based on its PE Ratio (11.3x) compared to the Tech industry average (21x).

PE vs Market: 06R is good value based on its PE Ratio (11.3x) compared to the German market (20x).


Price to Earnings Growth Ratio

PEG Ratio: 06R is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 06R is good value based on its PB Ratio (0.9x) compared to the XE Tech industry average (1.3x).


Next Steps

Future Growth

How is Roland DG forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 06R's forecast earnings growth (11.4% per year) is above the savings rate (-0.4%).

Earnings vs Market: 06R's earnings (11.4% per year) are forecast to grow slower than the German market (13.1% per year).

High Growth Earnings: 06R's earnings are forecast to grow, but not significantly.

Revenue vs Market: 06R's revenue (2.8% per year) is forecast to grow slower than the German market (5.1% per year).

High Growth Revenue: 06R's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 06R's Return on Equity is forecast to be low in 3 years time (9.2%).


Next Steps

Past Performance

How has Roland DG performed over the past 5 years?

-2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 06R has high quality earnings.

Growing Profit Margin: 06R's current net profit margins (4.8%) are lower than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: 06R's earnings have declined by -2% per year over the past 5 years.

Accelerating Growth: 06R's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 06R had negative earnings growth (-32.5%) over the past year, making it difficult to compare to the Tech industry average (-8.4%).


Return on Equity

High ROE: 06R's Return on Equity (7.8%) is considered low.


Next Steps

Financial Health

How is Roland DG's financial position?


Financial Position Analysis

Short Term Liabilities: 06R's short term assets (¥27.6B) exceed its short term liabilities (¥9.0B).

Long Term Liabilities: 06R's short term assets (¥27.6B) exceed its long term liabilities (¥4.4B).


Debt to Equity History and Analysis

Debt Level: 06R's debt to equity ratio (11.5%) is considered satisfactory.

Reducing Debt: 06R's debt to equity ratio has reduced from 35.4% to 11.5% over the past 5 years.

Debt Coverage: 06R's debt is well covered by operating cash flow (88%).

Interest Coverage: 06R's interest payments on its debt are well covered by EBIT (127x coverage).


Balance Sheet

Inventory Level: 06R has a high level of physical assets or inventory.

Debt Coverage by Assets: 06R's debt is covered by short term assets (assets are 9.6x debt).


Next Steps

Dividend

What is Roland DG's current dividend yield, its reliability and sustainability?

2.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 06R's dividend (2.85%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: 06R's dividend (2.85%) is low compared to the top 25% of dividend payers in the German market (3.81%).


Stability and Growth of Payments

Stable Dividend: 06R's dividend payments have been volatile in the past 10 years.

Growing Dividend: 06R's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.2%), 06R's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Hidenori Fujioka (68yo)

3.9yrs

Tenure

Mr. Hidenori Fujioka has been the President of Roland DG Corporation since March 2016. Mr. Fujioka served as an Executive Vice President of Roland DG Corporation until March 2016 and has been its Represent ...


Leadership Team

NamePositionTenureCompensationOwnership
Hidenori Fujioka
President & Representative Director3.9yrsno data0.043% ¥78.7k
Eli Keersmaekers
President of Global Sales & Marketing0yrsno datano data
Koichi Hashimoto
MD & Director2.9yrsno data0.0096% ¥17.5k
Kohei Tanabe
Division President of DP Business Division & Director1.9yrsno data0.0016% ¥2.9k
Marc Margetts
President of Asia Pacific Sales HQ5.8yrsno datano data
Chi-Hun Seo
Chief Executive Officer of Roland DG Korea and President of Roland DD Korea5.1yrsno datano data
John Wong
Chief Executive Officer of Roland DG China and President of Roland DG China0yrsno datano data

3.9yrs

Average Tenure

Experienced Management: 06R's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hidenori Fujioka
President & Representative Director3.9yrsno data0.043% ¥78.7k
Koichi Hashimoto
MD & Director2.9yrsno data0.0096% ¥17.5k
Kohei Tanabe
Division President of DP Business Division & Director1.9yrsno data0.0016% ¥2.9k
Takuo Hirose
Outside Director9.7yrsno datano data
Masanori Nakagawa
Audit & Supervisory Board Member7.7yrsno data0.028% ¥51.0k
Katsuhiro Endo
Outside Director3.9yrsno data0.016% ¥29.1k
Masayasu Suzuki
Audit & Supervisory Board Member5.7yrsno data0.024% ¥43.7k
Shigeki Matsuda
External Audit & Supervisory Board Member4.7yrsno data0.038% ¥68.5k
Mitsuhiro Honda
External Audit & Supervisory Board Member3.9yrsno data0.0048% ¥8.7k
Toshiharu Uwai
Director0.9yrsno data0.0024% ¥4.4k

4.3yrs

Average Tenure

Experienced Board: 06R's board of directors are considered experienced (4.3 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

Roland DG Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Roland DG Corporation
  • Ticker: 06R
  • Exchange: BST
  • Founded: 1981
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: JP¥21.880b
  • Listing Market Cap: JP¥181.983m
  • Shares outstanding: 12.49m
  • Website: https://www.rolanddg.com

Number of Employees


Location

  • Roland DG Corporation
  • 1-6-4 Shinmiyakoda
  • Kita-ku
  • Hamamatsu
  • Shizuoka
  • 431-2103
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6789TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYOct 2000
06RBST (Boerse-Stuttgart)YesCommon StockDEEUROct 2000

Biography

Roland DG Corporation manufactures and sells computer peripheral equipment in Japan, other Asian countries, North America, Europe, and internationally. The company offers wide-format color inkjet printers, inkjet printer/cutters, vinyl cutting machines, 3D milling machines, 3D printers, engraving machines, dental milling machines, dental 3D printers, and photo impact printers. It sells its products under the TrueVIS, monoFab, and DGSHAPE brand names. The company was formerly known as AMDEK Corporation and changed its name to Roland DG Corporation in 1983. Roland DG Corporation was founded in 1981 and is headquartered in Hamamatsu, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 22:20
End of Day Share Price2020/02/26 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.