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Roland DG

BST:06R
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
06R
BST
¥31B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Roland DG Corporation manufactures and sells computer peripheral equipment in Japan, Asia, North America, Europe, and internationally. The last earnings update was 30 days ago. More info.


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06R Share Price and Events
7 Day Returns
-1.4%
BST:06R
1.1%
DE Tech
2.4%
DE Market
1 Year Returns
1.4%
BST:06R
-0.2%
DE Tech
-6.2%
DE Market
06R Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Roland DG (06R) -1.4% 3% 12.2% 1.4% 5.5% -
DE Tech 1.1% 3.2% 13.1% -0.2% 68.8% 103.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • 06R outperformed the Tech industry which returned -0.2% over the past year.
  • 06R outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
06R
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Roland DG 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 Roland DG 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 Roland DG.

BST:06R Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
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 BST:06R
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 30.86%) (10.6%))
1.081
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.081 * 5.96%)
6.67%

Discounted Cash Flow Calculation for BST:06R using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Roland DG 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.

BST:06R DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.67%)
2019 2,020.00 Analyst x1 1,893.65
2020 2,713.33 Analyst x3 2,384.50
2021 3,163.33 Analyst x3 2,606.08
2022 3,276.00 Analyst x1 2,530.08
2023 3,300.00 Analyst x1 2,389.19
2024 3,319.13 Est @ 0.58% 2,252.73
2025 3,334.87 Est @ 0.47% 2,121.83
2026 3,348.22 Est @ 0.4% 1,997.07
2027 3,359.89 Est @ 0.35% 1,878.68
2028 3,370.39 Est @ 0.31% 1,766.67
Present value of next 10 years cash flows ¥21,820.48
BST:06R DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥3,370.39 × (1 + 0.23%) ÷ (6.67% – 0.23%)
¥52,417.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥52,417.86 ÷ (1 + 6.67%)10
¥27,476.04
BST:06R Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥21,820.48 + ¥27,476.04
¥49,296.52
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥49,296.52 / 12.56
¥3926.41
BST:06R Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:06R represents 0.00759x of TSE:6789
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00759x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,926.41 x 0.00759
€29.81
Value per share (EUR) From above. €29.81
Current discount Discount to share price of €18.49
= -1 x (€18.49 - €29.81) / €29.81
38%

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

Current Discount
Amount off the current price Roland DG is available for.
Intrinsic value
38%
Share price is €18.49 vs Future cash flow value of €29.81
Current Discount Checks
For Roland DG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Roland DG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Roland DG'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 Roland DG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Roland DG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:06R PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥229.61
TSE:6789 Share Price ** TSE (2019-04-18) in JPY ¥2435
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Roland DG.

BST:06R PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6789 Share Price ÷ EPS (both in JPY)

= 2435 ÷ 229.61

10.61x

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

  • Roland DG is good value based on earnings compared to the Europe Tech industry average.
  • Roland DG is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Roland DG's expected growth come at a high price?
Raw Data
BST:06R PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
7.1%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

BST:06R PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.61x ÷ 7.1%

1.5x

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

  • Roland DG is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Roland DG's assets?
Raw Data
BST:06R PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,926.07
TSE:6789 Share Price * TSE (2019-04-18) in JPY ¥2435
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
BST:06R PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6789 Share Price ÷ Book Value per Share (both in JPY)

= 2435 ÷ 1,926.07

1.26x

* Primary Listing of Roland DG.

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

  • Roland DG is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Roland DG'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Roland DG 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.

Future Performance

 How is Roland DG expected to perform in the next 1 to 3 years based on estimates from 3 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
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Roland DG expected to grow at an attractive rate?
  • Roland DG's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Roland DG's earnings growth is positive but not above the Germany market average.
  • Roland DG's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:06R Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:06R Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 7.1%
BST:06R Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.7%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
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
BST:06R Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:06R Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 46,133 4,300 3,290 3
2020-12-31 44,700 3,877 2,770 3
2019-12-31 43,267 3,578 2,380 3
BST:06R Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 42,774 4,347 2,881
2018-09-30 42,980 2,901
2018-06-30 43,135 4,705 2,992
2018-03-31 43,611 3,038
2017-12-31 43,573 2,446 1,918
2017-09-30 42,983 1,328
2017-06-30 42,753 3,361 1,111
2017-03-31 43,348 1,145
2016-12-31 44,112 5,369 2,705

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Roland DG's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Roland DG'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
BST:06R 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 3 Analyst Estimates (S&P Global) See Below

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

BST:06R Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 262.06 278.80 228.59 3.00
2020-12-31 220.63 246.90 183.99 3.00
2019-12-31 189.57 199.10 178.41 3.00
BST:06R Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 229.61
2018-09-30 231.35
2018-06-30 238.75
2018-03-31 242.57
2017-12-31 153.19
2017-09-30 106.08
2017-06-30 88.77
2017-03-31 90.46
2016-12-31 206.67

*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.
  • Roland DG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Roland DG'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 Europe 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.
Roland DG 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 Roland DG 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 Roland DG's growth in the last year to its industry (Tech).
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.
  • Roland DG's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Roland DG's 1-year earnings growth exceeds its 5-year average (50.2% vs -13.6%)
  • Roland DG's earnings growth has exceeded the Europe Tech industry average in the past year (50.2% vs 12.3%).
Earnings and Revenue History
Roland DG'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 Roland DG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:06R 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 42,774.00 2,881.00 14,163.00
2018-09-30 42,980.00 2,901.00 14,297.00
2018-06-30 43,135.00 2,992.00 14,342.00
2018-03-31 43,611.00 3,038.00 14,481.00
2017-12-31 43,573.00 1,918.00 14,656.00
2017-09-30 42,983.00 1,328.00 14,753.00
2017-06-30 42,753.00 1,111.00 14,635.00
2017-03-31 43,348.00 1,145.00 14,789.00
2016-12-31 44,112.00 2,705.00 14,749.00
2015-12-31 58,221.00 3,161.00 18,430.00
2015-09-30 56,463.00 2,210.00 17,759.00
2015-06-30 57,206.00 2,229.00 17,861.00
2015-03-31 46,770.00 3,190.00 15,063.00
2014-12-31 45,512.00 3,788.00 14,641.00
2014-09-30 45,327.00 4,789.00 14,314.00
2014-06-30 44,061.00 5,074.00 13,715.00
2014-03-31 42,141.00 4,265.00 13,145.00
2013-12-31 38,951.00 3,418.00 12,015.00
2013-09-30 35,413.00 1,927.00 11,101.00
2013-06-30 32,230.00 853.00 10,235.00
2013-03-31 31,264.00 356.00 9,660.00
2012-12-31 30,874.00 260.00 9,506.00
2012-09-30 31,401.00 564.00 9,447.00
2012-06-30 31,820.00 712.00 9,556.00

*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.
  • Roland DG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Roland DG used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Roland DG's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Roland DG'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 Tech 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.
Roland DG has a total score of 3/6, 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 Roland DG'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 Roland DG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Roland DG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Roland DG's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Roland DG'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 8.4x 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 Roland DG Company Filings, last reported 3 months ago.

BST:06R Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 24,182.00 3,240.00 11,170.00
2018-09-30 23,575.00 3,600.00 11,003.00
2018-06-30 22,839.00 3,960.00 10,859.00
2018-03-31 22,116.00 4,524.00 9,720.00
2017-12-31 22,521.00 4,818.00 9,766.00
2017-09-30 21,074.00 5,151.00 8,325.00
2017-06-30 20,275.00 5,482.00 8,864.00
2017-03-31 19,297.00 5,975.00 9,600.00
2016-12-31 20,618.00 6,120.00 10,003.00
2015-12-31 22,911.00 5,760.00 9,995.00
2015-09-30 22,102.00 6,120.00 10,159.00
2015-06-30 21,585.00 6,625.00 9,721.00
2015-03-31 22,073.00 7,180.00 10,414.00
2014-12-31 20,851.00 7,396.00 8,786.00
2014-09-30 20,649.00 8,302.00 10,155.00
2014-06-30 31,267.00 301.00 9,978.00
2014-03-31 30,676.00 256.00 11,611.00
2013-12-31 28,382.00 1,018.00 9,613.00
2013-09-30 27,268.00 1,069.00 8,274.00
2013-06-30 25,627.00 1,849.00 7,954.00
2013-03-31 24,861.00 1,825.00 7,139.00
2012-12-31 23,401.00 0.00 6,597.00
2012-09-30 24,071.00 0.00 7,297.00
2012-06-30 25,013.00 0.00 8,509.00
  • Roland DG's level of debt (13.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.6% vs 13.4% today).
  • Debt is well covered by operating cash flow (134.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 2125x coverage).
X
Financial health checks
We assess Roland DG'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. Roland DG has a total score of 5/6, 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 Roland DG'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
2.87%
Current annual income from Roland DG dividends. Estimated to be 2.56% next year.
If you bought €2,000 of Roland DG shares you are expected to receive €57 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?
  • Roland DG's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Roland DG's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
Upcoming dividend payment

Purchase Roland DG 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
BST:06R 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 3 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 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.

BST:06R Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 70.00 3.00
2020-12-31 61.67 3.00
2019-12-31 55.00 3.00
BST:06R Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-03-20 70.000 2.901
2018-03-26 55.000 2.283
2018-02-09 55.000 2.103
2017-11-13 50.000 1.588
2017-11-10 50.000 1.539
2017-08-09 50.000 1.762
2017-08-08 50.000 1.817
2017-05-09 50.000 1.858
2017-03-24 70.000 2.104
2017-02-10 70.000 2.005
2016-11-14 60.000 1.992
2016-11-11 60.000 2.575
2016-08-10 60.000 2.633
2016-08-09 60.000 2.841
2016-03-25 60.000 2.912
2016-02-12 60.000 2.628
2015-11-06 60.000 2.340
2015-11-05 60.000 2.103
2015-06-18 60.000 2.102
2015-05-08 60.000 1.843
2015-02-06 60.000 1.834
2015-02-05 60.000 1.795
2014-11-06 60.000 1.532
2014-08-07 60.000 1.360
2014-06-19 60.000 1.576
2014-05-14 60.000 1.630
2014-02-10 40.000 1.106
2014-02-07 40.000 1.163
2013-11-06 40.000 1.209
2013-08-07 40.000 1.495
2013-06-20 30.000 1.070
2013-05-08 40.000 1.827
2013-02-08 30.000 2.274
2013-02-07 30.000 2.480
2012-11-08 30.000 2.975
2012-11-07 30.000 3.509
2012-08-07 30.000 3.309
2012-06-21 30.000 3.329
2012-05-08 30.000 3.555
2012-02-08 30.000 3.059
2012-02-07 30.000 3.364
2011-11-09 30.000 3.530
2011-11-08 30.000 3.644
2011-08-05 30.000 3.437
2011-06-23 30.000 2.769
2011-05-10 30.000 2.644
2011-02-03 30.000 2.403
2010-11-04 30.000 2.289
2010-08-05 30.000 2.606
2010-06-17 30.000 2.490
2010-05-07 30.000 2.278
2010-02-05 20.000 1.459
2010-02-04 20.000 1.633
2009-11-06 20.000 1.793
2009-11-05 20.000 1.748
2009-06-18 40.000 3.143
2009-05-08 40.000 2.980
2009-04-20 40.000 2.963

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 Roland DG's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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.
X
Income/ dividend checks
We assess Roland DG'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 Roland DG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Roland DG 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.

Management

 What is the CEO of Roland DG'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
Hidenori Fujioka
AGE 67
TENURE AS CEO 3.1 years
CEO Bio

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 Representative Director since June 2014. He served as a Director of Riso Kagaku Corporation.

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

Average tenure of the Roland DG management team in years:

3.7
Average Tenure
  • The tenure for the Roland DG management team is about average.
Management Team

Hidenori Fujioka

TITLE
President & Representative Director
AGE
67
TENURE
3.1 yrs

Eli Keersmaekers

TITLE
President of Global Sales & Marketing

Koichi Hashimoto

TITLE
MD & Director
TENURE
1.1 yrs

Marc Margetts

TITLE
President of Asia Pacific Sales HQ
TENURE
5 yrs

Chi-Hun Seo

TITLE
Chief Executive Officer of Roland DG Korea and President of Roland DD Korea
TENURE
4.3 yrs

John Wong

TITLE
Chief Executive Officer of Roland DG China and President of Roland DG China
Board of Directors Tenure

Average tenure of the Roland DG board of directors in years:

3.5
Average Tenure
  • The tenure for the Roland DG board of directors is about average.
Board of Directors

Koichi Hashimoto

TITLE
MD & Director
TENURE
2.1 yrs

Takuo Hirose

TITLE
Director
TENURE
8.8 yrs

Hidenori Fujioka

TITLE
President & Representative Director
AGE
67
TENURE
4.8 yrs

Katsuhiro Endo

TITLE
Director
AGE
63
TENURE
3.1 yrs

Kohei Tanabe

TITLE
Director
TENURE
1.1 yrs

Toshiharu Uwai

TITLE
Director
TENURE
0.1 yrs

Masanori Nakagawa

TITLE
Audit & Supervisory Board Member
TENURE
6.8 yrs

Masayasu Suzuki

TITLE
Audit & Supervisory Board Member
TENURE
4.8 yrs

Shigeki Matsuda

TITLE
External Audit & Supervisory Board Member
TENURE
3.8 yrs

Mitsuhiro Honda

TITLE
Audit & Supervisory Board Member
TENURE
3.1 yrs
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 Roland DG'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. Roland DG 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

Roland DG Corporation manufactures and sells computer peripheral equipment in Japan, Asia, 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 brands. 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.

Details
Name: Roland DG Corporation
06R
Exchange: BST
Founded: 1981
¥242,869,314
12,555,116
Website: http://www.rolanddg.co.jp
Address: Roland DG Corporation
1-6-4 Shinmiyakoda,
Kita-ku,
Hamamatsu,
Shizuoka, 431-2103,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6789 Common Stock The Tokyo Stock Exchange JP JPY 26. Oct 2000
BST 06R Common Stock Boerse-Stuttgart DE EUR 26. Oct 2000
Number of employees
Current staff
Staff numbers
1,232
Roland DG employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:54
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.