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Seiko Epson

DB:SE7
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SE7
DB
¥631B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, wearable and industrial products, and other businesses in Japan, the United States, China, and internationally. The last earnings update was 76 days ago. More info.


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SE7 Share Price and Events
7 Day Returns
1.4%
DB:SE7
1.1%
DE Tech
1.8%
DE Market
1 Year Returns
-9.5%
DB:SE7
0.6%
DE Tech
-6%
DE Market
SE7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Seiko Epson (SE7) 1.4% 4.4% 2% -9.5% -9.5% 37.8%
DE Tech 1.1% 3.3% 13.1% 0.6% 67.6% 104.5%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • SE7 underperformed the Tech industry which returned 0.6% over the past year.
  • SE7 underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
SE7
Industry
5yr Volatility vs Market
Related Companies

SE7 Value

 Is Seiko Epson 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 Seiko Epson 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 Seiko Epson.

DB:SE7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 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 DB:SE7
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%) (22.95%))
1.141
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.141 * 5.96%)
7.03%

Discounted Cash Flow Calculation for DB:SE7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Seiko Epson 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:SE7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.03%)
2019 26,500.00 Analyst x5 24,759.68
2020 30,320.00 Analyst x5 26,468.39
2021 39,740.00 Analyst x5 32,413.47
2022 37,600.00 Analyst x1 28,653.96
2023 35,000.00 Analyst x1 24,920.92
2024 33,267.95 Est @ -4.95% 22,132.03
2025 32,138.28 Est @ -3.4% 19,976.39
2026 31,396.34 Est @ -2.31% 18,233.61
2027 30,910.45 Est @ -1.55% 16,772.51
2028 30,596.73 Est @ -1.01% 15,511.97
Present value of next 10 years cash flows ¥229,842.94
DB:SE7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥30,596.73 × (1 + 0.23%) ÷ (7.03% – 0.23%)
¥450,922.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥450,922.40 ÷ (1 + 7.03%)10
¥228,609.26
DB:SE7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥229,842.94 + ¥228,609.26
¥458,452.20
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥458,452.20 / 352.24
¥1301.54
DB:SE7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SE7 represents 0.00768x of TSE:6724
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00768x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,301.54 x 0.00768
€9.99
Value per share (EUR) From above. €9.99
Current discount Discount to share price of €13.75
= -1 x (€13.75 - €9.99) / €9.99
-37.6%

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

  • The current share price of Seiko Epson is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Seiko Epson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Seiko Epson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SE7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥151.01
TSE:6724 Share Price ** TSE (2019-04-18) in JPY ¥1791
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Seiko Epson.

DB:SE7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6724 Share Price ÷ EPS (both in JPY)

= 1791 ÷ 151.01

11.86x

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

  • Seiko Epson is good value based on earnings compared to the Europe Tech industry average.
  • Seiko Epson is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Seiko Epson's expected growth come at a high price?
Raw Data
DB:SE7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
4.3%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 1.56x

*Line of best fit is calculated by linear regression .

DB:SE7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.86x ÷ 4.3%

2.79x

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

  • Seiko Epson is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Seiko Epson's assets?
Raw Data
DB:SE7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,513.03
TSE:6724 Share Price * TSE (2019-04-18) in JPY ¥1791
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:SE7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6724 Share Price ÷ Book Value per Share (both in JPY)

= 1791 ÷ 1,513.03

1.18x

* Primary Listing of Seiko Epson.

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

  • Seiko Epson is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Seiko Epson'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. Seiko Epson has a total score of 3/6, 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.

SE7 Future Performance

 How is Seiko Epson expected to perform in the next 1 to 3 years based on estimates from 11 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
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Seiko Epson expected to grow at an attractive rate?
  • Seiko Epson's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Seiko Epson's earnings growth is positive but not above the Germany market average.
  • Seiko Epson's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SE7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SE7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 4.3%
DB:SE7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2.4%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
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:SE7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SE7 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,238,000 1
2023-03-31 1,214,000 1
2022-03-31 1,190,000 1
2021-03-31 1,116,147 117,799 55,918 10
2020-03-31 1,089,823 112,302 50,429 11
2019-03-31 1,081,897 110,054 51,001 11
DB:SE7 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,097,663 82,952 53,189
2018-09-30 1,107,166 78,361 47,059
2018-06-30 1,107,771 93,086 42,798
2018-03-31 1,102,116 84,279 41,836
2017-12-31 1,092,500 85,054 36,470
2017-09-30 1,064,614 90,330 45,439
2017-06-30 1,040,562 82,614 54,984
2017-03-31 1,024,856 96,873 48,902
2016-12-31 1,020,903 105,544 37,803
2016-09-30 1,037,069 119,235 38,204
2016-06-30 1,070,666 122,629 39,380
2016-03-31 1,092,481 113,054 45,814

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Seiko Epson's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Seiko Epson's revenue is expected to grow by 2.4% 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:SE7 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 11 Analyst Estimates (S&P Global) See Below

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

DB:SE7 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 157.33 180.52 136.84 11.00
2020-03-31 142.62 158.01 127.00 12.00
2019-03-31 144.75 153.30 136.27 11.00
DB:SE7 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 151.01
2018-09-30 133.60
2018-06-30 121.51
2018-03-31 118.78
2017-12-31 103.54
2017-09-30 129.00
2017-06-30 156.10
2017-03-31 138.47
2016-12-31 106.62
2016-09-30 107.33
2016-06-30 110.21
2016-03-31 128.05

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

SE7 Past Performance

  How has Seiko Epson 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 Seiko Epson'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.
  • Seiko Epson's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Seiko Epson's 1-year earnings growth exceeds its 5-year average (45.8% vs -21%)
  • Seiko Epson's earnings growth has exceeded the Europe Tech industry average in the past year (45.8% vs 12.3%).
Earnings and Revenue History
Seiko Epson'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 Seiko Epson Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SE7 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 1,097,663.00 53,189.00 289,527.00 50,336.00
2018-09-30 1,107,166.00 47,059.00 284,220.00 50,336.00
2018-06-30 1,107,771.00 42,798.00 280,595.00 50,336.00
2018-03-31 1,102,116.00 41,836.00 275,726.00 50,336.00
2017-12-31 1,092,500.00 36,470.00 269,742.00 52,735.00
2017-09-30 1,064,614.00 45,439.00 261,020.00 52,735.00
2017-06-30 1,040,562.00 54,984.00 251,773.00 52,735.00
2017-03-31 1,024,856.00 48,902.00 247,432.00 52,735.00
2016-12-31 1,020,903.00 37,803.00 300,051.00
2016-09-30 1,037,069.00 38,204.00 303,996.00
2016-06-30 1,070,666.00 39,380.00 310,658.00
2016-03-31 1,092,481.00 45,814.00 259,536.00 53,172.00
2015-12-31 1,108,958.00 77,162.00 313,339.00
2015-09-30 1,116,515.00 73,900.00 310,074.00
2015-06-30 1,100,997.00 77,511.00 302,244.00
2015-03-31 1,086,341.00 113,678.00 246,811.00 47,837.00
2014-12-31 1,063,217.00 130,149.00 235,745.00 18,832.00
2014-09-30 1,045,042.00 127,512.00 230,345.00 18,832.00
2014-06-30 1,027,860.00 123,389.00 223,578.00 18,832.00
2014-03-31 1,003,606.00 83,698.00 219,175.00 18,832.00
2013-12-31 982,339.00 47,591.00 237,108.00 18,992.00
2013-09-30 934,395.00 47,380.00 218,114.00 18,992.00
2013-06-30 886,941.00 31,408.00 208,992.00 14,034.00
2013-03-31 851,297.00 -10,091.00 194,192.00 18,992.00
2012-12-31 837,530.00 -7,979.00 204,691.00 5,379.00
2012-09-30 840,752.00 -26,045.00 197,276.00 21,526.00
2012-06-30 846,622.00 -26,212.00 196,466.00 26,484.00

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

SE7 Health

 How is Seiko Epson'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 Seiko Epson's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Seiko Epson is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Seiko Epson's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Seiko Epson'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 4.3x 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 Seiko Epson Company Filings, last reported 3 months ago.

DB:SE7 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 535,439.00 144,792.00 168,413.00
2018-09-30 538,068.00 152,550.00 179,266.00
2018-06-30 522,048.00 168,951.00 204,623.00
2018-03-31 515,105.00 166,562.00 229,678.00
2017-12-31 527,998.00 176,477.00 223,725.00
2017-09-30 511,330.00 180,708.00 231,438.00
2017-06-30 498,517.00 148,083.00 196,607.00
2017-03-31 494,722.00 146,569.00 221,782.00
2016-12-31 491,053.00 140,612.00 209,910.00
2016-09-30 433,374.00 145,380.00 204,011.00
2016-06-30 426,404.00 103,486.00 169,284.00
2016-03-31 470,676.00 141,521.00 230,498.00
2015-12-31 521,625.00 155,409.00 221,156.00
2015-09-30 499,185.00 158,018.00 192,658.00
2015-06-30 502,755.00 190,548.00 223,459.00
2015-03-31 497,307.00 185,797.00 245,330.00
2014-12-31 491,135.00 205,422.00 231,278.00
2014-09-30 445,341.00 211,321.00 215,247.00
2014-06-30 405,404.00 213,522.00 202,156.00
2014-03-31 351,730.00 220,455.00 203,583.00
2013-12-31
2013-09-30
2013-06-30 268,601.00 269,200.00 182,737.00
2013-03-31 258,806.00 271,126.00 176,690.00
2012-12-31 237,424.00 278,522.00 127,874.00
2012-09-30 199,139.00 278,957.00 116,080.00
2012-06-30 202,110.00 231,227.00 110,502.00
  • Seiko Epson's level of debt (27%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (72.8% vs 27% today).
  • Debt is well covered by operating cash flow (57.3%, greater than 20% of total debt).
  • Seiko Epson earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Seiko Epson'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. Seiko Epson has a total score of 6/6, 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.

SE7 Dividends

 What is Seiko Epson'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
3.46%
Current annual income from Seiko Epson dividends. Estimated to be 3.67% next year.
If you bought €2,000 of Seiko Epson shares you are expected to receive €69 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?
  • Seiko Epson's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Seiko Epson's dividend is below 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:SE7 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 11 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 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:SE7 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 67.64 11.00
2020-03-31 63.92 12.00
2019-03-31 61.92 12.00
DB:SE7 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-07-27 62.000 3.508
2018-06-28 62.000 3.211
2018-04-27 62.000 3.146
2018-02-02 60.000 2.999
2018-01-31 60.000 2.427
2017-10-30 60.000 2.223
2017-10-26 60.000 2.158
2017-06-29 60.000 2.196
2017-04-28 60.000 2.534
2017-01-31 60.000 2.489
2016-10-27 60.000 2.601
2016-06-29 60.000 3.220
2016-04-28 60.000 3.268
2015-07-30 60.000 3.204
2015-06-26 57.500 2.594
2015-04-30 57.500 2.563
2015-01-30 57.500 2.623
2014-07-31 35.000 1.356
2014-07-15 35.000 1.627
2014-04-30 35.000 1.902
2014-01-31 25.000 1.670
2013-07-31 13.000 1.385
2013-04-30 13.000 2.055
2013-02-08 13.000 2.751
2013-01-31 13.000 2.652
2012-11-08 13.000 4.420
2012-10-31 13.000 5.864
2012-06-21 13.000 4.755
2012-04-27 13.000 3.084
2012-01-31 13.000 2.379
2011-11-04 13.000 2.579
2011-10-28 13.000 2.516
2011-07-29 13.000 2.481
2011-04-28 10.000 1.478
2011-02-04 10.000 1.488
2011-01-28 10.000 1.477
2010-11-05 10.000 1.368
2010-10-29 10.000 1.506
2010-06-23 10.000 1.663
2010-04-30 10.000 1.544
2009-11-09 0.000 0.000
2009-10-29 0.000 0.000
2009-06-25 13.000 1.845
2009-04-30 13.000 1.842
2009-04-22 19.000 2.636

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Seiko Epson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x 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 Seiko Epson'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 Seiko Epson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Seiko Epson has a total score of 4/6, see the detailed checks below.


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

SE7 Management

 What is the CEO of Seiko Epson'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
Minoru Usui
COMPENSATION ¥113,000,000
TENURE AS CEO 11.3 years
CEO Bio

Mr. Minoru Usui has been President of Seiko Epson Corporation since 2008 and also serves as its Representative Director.

CEO Compensation
  • Insufficient data for Minoru to compare compensation growth.
  • Minoru's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Seiko Epson management team in years:

1.8
Average Tenure
  • The average tenure for the Seiko Epson management team is less than 2 years, this suggests a new team.
Management Team

Minoru Usui

TITLE
President & Representative Director
COMPENSATION
¥113M
TENURE
11.3 yrs

Masayuki Kawana

TITLE
Executive Officer

Koichi Kubota

TITLE
Senior Managing Executive Officer
AGE
59
TENURE
3.8 yrs

Hideki Shimada

TITLE
Managing Executive Officer & Deputy COO of Printer Solutions Operations Division
TENURE
1.8 yrs

Junichi Watanabe

TITLE
Managing Exec. Officer & Deputy COO of Wearable Products & Industrial Solutions Operations Segment
TENURE
1.8 yrs

Nobuyuki Shimotome

TITLE
Executive Officer & COO of Microdevices Operations Division

Motonori Okumura

TITLE
Managing Executive Officer & General Administrative Manager of Technology Development Division
TENURE
1.8 yrs

Yasumasa Kitamatsu

TITLE
Executive Officer & Deputy General Administrative Manager of Technology Development Division

Akihiro Fukaishi

TITLE
Executive Officer

Sunao Murata

TITLE
Executive Officer & Deputy COO of Printing Solutions Operations Division
Board of Directors

Minoru Usui

TITLE
President & Representative Director
COMPENSATION
¥113M

Masayuki Kawana

TITLE
Executive Officer

Koichi Kubota

TITLE
Senior Managing Executive Officer
AGE
59
TENURE
6.8 yrs

Tatsuaki Seki

TITLE
General Administrative Manager of Management Control Division

Yasunori Ogawa

TITLE
Executive Officer & Director
TENURE
0.8 yrs

Michihiro Nara

TITLE
Outside Director
AGE
72

Hideaki Omiya

TITLE
Outside Director
AGE
72

Mari Matsunaga

TITLE
Outside Director

Chikami Tsubaki

TITLE
Outside Director

Yoshio Shirai

TITLE
Outside Director
AGE
70
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 Seiko Epson'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. Seiko Epson 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.

SE7 News

Simply Wall St News

SE7 Company Info

Description

Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, wearable and industrial products, and other businesses in Japan, the United States, China, and internationally. Its Printing Solutions segment provides inkjet printers, serial impact dot matrix printers, page printers, color image scanners, large-format inkjet printers, industrial inkjet printing systems, printers for use in POS systems, label printers and related consumables, office papermaking systems, personal computers, and others. The company’s Visual Communications segment develops, manufactures, and sells 3LCD projectors for business, education, and the home markets; high-temperature polysilicon TFT LCD panels for 3LCD projectors; and smart eyewear. Its Wearable & Industrial Products segment offers watches and watch movements; sensing systems and equipment; built-in sensors used in the personal health and sports fields, etc.; industrial robots and other production systems; and electronic devices. This segment also designs, manufactures, and sells electronic devices, such as crystal units, crystal oscillators, and quartz sensors for consumer, automotive, and industrial equipment applications; and CMOS LSIs and other chips primarily for consumer electronics and automotive applications, as well as provides metal powders and surface finishing services. Seiko Epson Corporation was founded in 1942 and is headquartered in Suwa, Japan.

Details
Name: Seiko Epson Corporation
SE7
Exchange: DB
Founded: 1942
¥5,011,687,174
352,237,361
Website: http://www.epson.co.jp
Address: Seiko Epson Corporation
3-5 Owa 3-chome,
Suwa,
Nagano, 392-8502,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6724 Common Stock The Tokyo Stock Exchange JP JPY 24. Jun 2003
OTCPK SEKE.F Common Stock Pink Sheets LLC US USD 24. Jun 2003
DB SE7 Common Stock Deutsche Boerse AG DE EUR 24. Jun 2003
OTCPK SEKE.Y ADR Pink Sheets LLC US USD 06. Jul 2004
Number of employees
Current staff
Staff numbers
76,391
Seiko Epson employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:47
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/02/04
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.