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Dexerials

DB:6DX
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6DX
DB
¥42B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Dexerials Corporation manufactures and sells electronic components, bonding materials, optics materials, and other products in Japan. The last earnings update was 74 days ago. More info.


Add to Portfolio Compare Print
  • Dexerials has significant price volatility in the past 3 months.
6DX Share Price and Events
7 Day Returns
-1.3%
DB:6DX
1.7%
DE Electronic
1.5%
DE Market
1 Year Returns
-38.6%
DB:6DX
-2%
DE Electronic
-6.2%
DE Market
6DX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dexerials (6DX) -1.3% -7.2% -16.1% -38.6% -34.4% -
DE Electronic 1.7% 8.1% 19.9% -2% 97.4% 104.1%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • 6DX underperformed the Electronic industry which returned -2% over the past year.
  • 6DX underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
6DX
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Dexerials 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 Dexerials 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 Dexerials.

DB:6DX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:6DX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 30.86%) (52.4%))
1.303
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.303 * 5.96%)
7.99%

Discounted Cash Flow Calculation for DB:6DX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dexerials 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:6DX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.99%)
2019 6,540.00 Analyst x1 6,055.99
2020 4,152.00 Analyst x2 3,560.18
2021 4,254.00 Analyst x2 3,377.69
2022 5,927.00 Analyst x1 4,357.77
2023 6,789.00 Analyst x1 4,622.14
2024 7,438.37 Est @ 9.57% 4,689.46
2025 7,941.50 Est @ 6.76% 4,636.12
2026 8,322.95 Est @ 4.8% 4,499.21
2027 8,608.48 Est @ 3.43% 4,309.16
2028 8,821.09 Est @ 2.47% 4,088.81
Present value of next 10 years cash flows ¥44,196.53
DB:6DX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥8,821.09 × (1 + 0.23%) ÷ (7.99% – 0.23%)
¥113,870.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥113,870.71 ÷ (1 + 7.99%)10
¥52,782.03
DB:6DX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥44,196.53 + ¥52,782.03
¥96,978.57
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥96,978.57 / 60.61
¥1600.15
DB:6DX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:6DX represents 0.00779x of TSE:4980
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00779x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,600.15 x 0.00779
€12.46
Value per share (EUR) From above. €12.46
Current discount Discount to share price of €5.44
= -1 x (€5.44 - €12.46) / €12.46
56.4%

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

Current Discount
Amount off the current price Dexerials is available for.
Intrinsic value
>50%
Share price is €5.44 vs Future cash flow value of €12.46
Current Discount Checks
For Dexerials to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dexerials's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dexerials's share price is below the future cash flow value, and 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 Dexerials's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dexerials's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6DX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥27.35
TSE:4980 Share Price ** TSE (2019-04-23) in JPY ¥698
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of Dexerials.

DB:6DX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:4980 Share Price ÷ EPS (both in JPY)

= 698 ÷ 27.35

25.52x

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

  • Dexerials is overvalued based on earnings compared to the DE Electronic industry average.
  • Dexerials is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Dexerials's expected growth come at a high price?
Raw Data
DB:6DX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
26.2%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:6DX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.52x ÷ 26.2%

0.97x

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

  • Dexerials is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Dexerials's assets?
Raw Data
DB:6DX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥822.69
TSE:4980 Share Price * TSE (2019-04-23) in JPY ¥698
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:6DX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4980 Share Price ÷ Book Value per Share (both in JPY)

= 698 ÷ 822.69

0.85x

* Primary Listing of Dexerials.

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

  • Dexerials is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Dexerials'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Dexerials 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 Dexerials expected to perform in the next 1 to 3 years based on estimates from 4 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
26.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dexerials expected to grow at an attractive rate?
  • Dexerials's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Dexerials's earnings growth is expected to exceed the Germany market average.
  • Dexerials's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6DX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6DX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 26.2%
DB:6DX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.7%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
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:6DX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6DX Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 73,971 13,792 7,049 1
2022-03-31 72,124 12,755 6,242 1
2021-03-31 64,629 10,063 4,096 3
2020-03-31 63,425 9,333 3,934 4
2019-03-31 60,100 9,740 2,550 2
DB:6DX Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 61,878 1,654
2018-09-30 62,232 6,968 2,167
2018-06-30 65,688 2,622
2018-03-31 70,079 8,988 3,426
2017-12-31 74,313 4,149
2017-09-30 73,450 6,121 3,637
2017-06-30 68,913 2,097
2017-03-31 62,598 5,128 949
2016-12-31 58,003 1,239
2016-09-30 58,410 9,110 1,922
2016-06-30 60,704 3,431
2016-03-31 62,654 12,115 4,587

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dexerials's earnings are expected to grow significantly at over 20% yearly.
  • Dexerials's revenue is expected to grow by 4.7% 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:6DX 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 4 Analyst Estimates (S&P Global) See Below

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

DB:6DX Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 116.60 116.60 116.60 1.00
2022-03-31 103.30 103.30 103.30 1.00
2021-03-31 67.69 94.10 51.20 3.00
2020-03-31 65.00 83.30 44.60 4.00
2019-03-31 42.10 42.90 41.30 2.00
DB:6DX Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 27.35
2018-09-30 35.89
2018-06-30 43.49
2018-03-31 56.91
2017-12-31 69.03
2017-09-30 60.60
2017-06-30 34.98
2017-03-31 15.84
2016-12-31 20.53
2016-09-30 31.44
2016-06-30 55.41
2016-03-31 73.16

*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.
  • Dexerials is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Dexerials'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.
Dexerials has a total score of 3/6, 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 Dexerials 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 Dexerials's growth in the last year to its industry (Electronic).
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.
  • Dexerials's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Dexerials's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Dexerials's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.
Earnings and Revenue History
Dexerials'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 Dexerials Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6DX 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 61,878.00 1,654.00 11,993.00 3,702.00
2018-09-30 62,232.00 2,167.00 11,757.00 3,702.00
2018-06-30 65,688.00 2,622.00 11,904.00 3,702.00
2018-03-31 70,079.00 3,426.00 11,695.00 3,702.00
2017-12-31 74,313.00 4,149.00 12,366.00 3,632.00
2017-09-30 73,450.00 3,637.00 12,315.00 3,632.00
2017-06-30 68,913.00 2,097.00 12,147.00 3,632.00
2017-03-31 62,598.00 949.00 12,222.00 3,632.00
2016-12-31 58,003.00 1,239.00 11,065.00 4,123.00
2016-09-30 58,410.00 1,922.00 11,240.00 4,123.00
2016-06-30 60,704.00 3,431.00 11,524.00 4,123.00
2016-03-31 62,654.00 4,587.00 11,588.00 4,123.00
2015-03-31 65,508.00 10,721.00 16,971.00
2014-03-31 63,307.00 8,044.00 15,033.00

*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.
  • Dexerials has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dexerials used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Dexerials's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dexerials'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 Electronic 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.
Dexerials has a total score of 0/6, 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 Dexerials'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 Dexerials's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dexerials is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dexerials's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dexerials'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 1.5x 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 Dexerials Company Filings, last reported 3 months ago.

DB:6DX Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 49,853.00 22,166.00 11,583.00
2018-09-30 50,089.00 22,666.00 12,131.00
2018-06-30 48,927.00 23,833.00 13,662.00
2018-03-31 49,921.00 21,083.00 14,887.00
2017-12-31 52,370.00 22,249.00 16,205.00
2017-09-30 51,794.00 22,499.00 15,700.00
2017-06-30 50,130.00 20,749.00 14,095.00
2017-03-31 50,681.00 19,999.00 16,432.00
2016-12-31 49,259.00 20,000.00 17,035.00
2016-09-30 48,658.00 17,000.00 15,321.00
2016-06-30 48,935.00 15,500.00 14,350.00
2016-03-31 52,062.00 15,500.00 16,259.00
2015-03-31 54,420.00 15,500.00 16,456.00
2014-03-31 40,620.00 27,000.00 15,776.00
  • Dexerials's level of debt (44.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Dexerials's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (31.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 59.1x coverage).
X
Financial health checks
We assess Dexerials'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. Dexerials has a total score of 4/6, 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 Dexerials'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
4.01%
Current annual income from Dexerials dividends. Estimated to be 6.03% next year.
If you bought €2,000 of Dexerials shares you are expected to receive €80 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?
  • Dexerials's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Dexerials's dividend is above 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:6DX 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 4 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
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:6DX Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 52.00 1.00
2022-03-31 52.00 1.00
2021-03-31 39.33 3.00
2020-03-31 39.25 4.00
2019-03-31 34.00 2.00
DB:6DX Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-08 28.000 3.681
2019-01-31 28.000 3.529
2018-11-07 40.000 4.523
2018-10-30 40.000 4.008
2018-06-22 40.000 3.638
2018-04-26 40.000 3.620
2018-02-07 40.000 3.289
2018-01-30 40.000 2.734
2017-11-08 40.000 2.759
2017-10-30 40.000 2.906
2017-06-23 40.000 3.094
2017-04-27 40.000 4.036
2017-02-03 55.000 4.669
2017-01-26 55.000 4.508
2016-11-04 55.000 5.432
2016-10-27 55.000 6.593
2016-06-24 55.000 6.631
2016-04-27 55.000 6.318
2016-02-05 55.000 5.167
2016-01-28 55.000 4.645
2015-11-06 55.000 4.277
2015-08-06 55.000 3.572

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

  • Dexerials has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dexerials has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Dexerials's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x 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 Dexerials'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 Dexerials afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dexerials has a total score of 2/6, 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 Dexerials'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
Yoshihisa Shinya
AGE 49
TENURE AS CEO 0.1 years
CEO Bio

Mr. Yoshihisa Shinya serves as Automotive Solutions Business Unit Head, President and Executive Officer at Dexerials Corporation since January 2019. Mr. Shinya served as Product Development Division Head, Automotive Devices Business Group Head and Senior Executive Officer at Dexerials Corporation from April 15, 2017 until 2019. Mr. Shinya served as an Executive Officer, Head of Product Development Division, Head of Business Unit Group Deputy and Deputy Head of Corporate R&D Division at Dexerials Corporation since April 2, 2016 until April 15, 2017. Mr. Shinya served as an Executive Officer of Optical Solution Products Division of Dexerials Corporation. He served as Executive Officer, Product Development Division Head, Business Unit Group Deputy-Head, Corporate R&D Division Deputy-Head until April 2016. Mr. Shinya Executive Officer, Optical Solutions Products Business Unit Head until April 2014. Mr. Shinya served as Deputy Head, Optical solutions Products Business Unit of Dexerials Corporation until September 2012. He served as General Manager, Product Development Department, Optical Solutions Products Business Division until April 2010. He served as General Manager, Product Development Department, Advanced Materials Business Unit, Sony Chemical & Information Device Corporation until April 2009. He served as General Manager, Product Development Department 2, Conductive Materials Business Unit until April 2007. He served as General Manager, Development Department, Optical Material Business unit until April 2005. He Graduated in Functional Materials Engineering from Graduate School Of Industrial Technology, Kinki University in March 1995.

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

Average tenure of the Dexerials management team in years:

2.8
Average Tenure
  • The tenure for the Dexerials management team is about average.
Management Team

Yoshihisa Shinya

TITLE
Automotive Solutions Business Unit Head
AGE
49
TENURE
0.1 yrs

Takashi Ichinose

TITLE
Representative Director
TENURE
3 yrs

Satoshi Nagase

TITLE
CFO, Managing Executive Officer & Director
TENURE
2.8 yrs

Satoshi Ishiguro

TITLE
Head of Legal & Intellectual Property

Yuji Kakiuchi

TITLE
Head of Global Sales

Yukio Yamada

TITLE
Head of Production & Quality Division and Senior Executive Officer
TENURE
3 yrs

Naoyuki Sanada

TITLE
Head of Corporate Planning & Control Division
TENURE
2.8 yrs

Soichiro Kishimoto

TITLE
Head of Business Innovation Division & Senior Executive Officer
TENURE
3 yrs

Hisaya Tamura

TITLE
Electronic Components & Environment Solutions Business Unit Head and Executive Officer
TENURE
2 yrs

Takashi Yoshida

TITLE
Optical Solutions Business Unit Head & Executive Officer
TENURE
2 yrs
Board of Directors Tenure

Average tenure of the Dexerials board of directors in years:

3.9
Average Tenure
  • The tenure for the Dexerials board of directors is about average.
Board of Directors

Satoshi Nagase

TITLE
CFO, Managing Executive Officer & Director
TENURE
2.8 yrs

Hisashi Ando

TITLE
Senior Managing Executive Officer and Officer in charge of Internal Audit & Representative director

Takashi Ichinose

TITLE
Representative Director
TENURE
0.3 yrs

Masao Hirano

TITLE
Outside Director
AGE
63
TENURE
3.9 yrs

Koji Fujita

TITLE
Outside Director
TENURE
3.9 yrs

Takashi Yokokura

TITLE
Outside Director
TENURE
3.9 yrs

Kazuko Takamatsu

TITLE
Outside Director
TENURE
3.9 yrs

Toshiya Satake

TITLE
Standing Audit & Supervisory Board Member
AGE
59
TENURE
4.8 yrs

Toshifumi Takada

TITLE
Outside Audit & Supervisory Board Member
TENURE
3.9 yrs

Rika Sato

TITLE
External Audit & Supervisory Board Member
TENURE
3.9 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 Dexerials'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. Dexerials 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

Dexerials Corporation manufactures and sells electronic components, bonding materials, optics materials, and other products in Japan. It offers anisotropic conductive films, industrial adhesives, double and single coated tapes, thermal conductive sheets, and architectural window films; optical elasticity resins, inorganic wave plates, optical films, inorganic polarizers, and UV curable resins for optical disks; surface mounted type fuses and water treatment agents for inorganic effluent; and solar cell conductive films for photovoltaic modules. The company was formerly known as Sony Chemical & Information Device Corporation and changed its name to Dexerials Corporation in September 2012. Dexerials Corporation was founded in 1962 and is headquartered in Tokyo, Japan.

Details
Name: Dexerials Corporation
6DX
Exchange: DB
Founded: 1962
¥337,289,472
60,605,900
Website: http://www.dexerials.jp
Address: Dexerials Corporation
East Tower,
Gate City Osaki, 8th Floor,
Tokyo,
141-0032,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4980 Common Stock The Tokyo Stock Exchange JP JPY 29. Jul 2015
DB 6DX Common Stock Deutsche Boerse AG DE EUR 29. Jul 2015
Number of employees
Current staff
Staff numbers
1,981
Dexerials employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:09
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/02/08
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.