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SML Isuzu

NSEI:SMLISUZU
Snowflake Description

Reasonable growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SMLISUZU
NSEI
₹10B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

SML Isuzu Limited manufactures and sells commercial vehicles and related parts primarily in India and internationally. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • SML Isuzu has significant price volatility in the past 3 months.
SMLISUZU Share Price and Events
7 Day Returns
-2.3%
NSEI:SMLISUZU
-2.4%
IN Machinery
-2.2%
IN Market
1 Year Returns
-13.1%
NSEI:SMLISUZU
-14.9%
IN Machinery
-3.1%
IN Market
SMLISUZU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SML Isuzu (SMLISUZU) -2.3% -15% -17.7% -13.1% -42.5% 10.3%
IN Machinery -2.4% -3.3% -9.3% -14.9% 10.8% 53.4%
IN Market -2.2% -2.7% -4.1% -3.1% 22.1% 34.8%
1 Year Return vs Industry and Market
  • SMLISUZU outperformed the Machinery industry which returned -14.9% over the past year.
  • SMLISUZU underperformed the Market in India which returned -3.1% over the past year.
Price Volatility
SMLISUZU
Industry
5yr Volatility vs Market

Value

 Is SML Isuzu 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 SML Isuzu 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 SML Isuzu.

NSEI:SMLISUZU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

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 NSEI:SMLISUZU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.086 (1 + (1- 35%) (21.76%))
1.161
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.161 * 8.6%)
17.53%

Discounted Cash Flow Calculation for NSEI:SMLISUZU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SML Isuzu 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.

NSEI:SMLISUZU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.53%)
2020 608.00 Analyst x1 517.31
2021 629.00 Analyst x1 455.34
2022 658.21 Est @ 4.64% 405.41
2023 694.51 Est @ 5.52% 363.96
2024 737.05 Est @ 6.13% 328.64
2025 785.35 Est @ 6.55% 297.94
2026 839.16 Est @ 6.85% 270.87
2027 898.42 Est @ 7.06% 246.74
2028 963.18 Est @ 7.21% 225.07
2029 1,033.59 Est @ 7.31% 205.49
Present value of next 10 years cash flows ₹3,316.78
NSEI:SMLISUZU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹1,033.59 × (1 + 7.55%) ÷ (17.53% – 7.55%)
₹11,136.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹11,136.60 ÷ (1 + 17.53%)10
₹2,214.11
NSEI:SMLISUZU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹3,316.78 + ₹2,214.11
₹5,530.89
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹5,530.89 / 14.47
₹382.19
NSEI:SMLISUZU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:SMLISUZU represents 0.99841x of BSE:505192
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99841x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 382.19 x 0.99841
₹381.58
Value per share (INR) From above. ₹381.58
Current discount Discount to share price of ₹661.60
= -1 x (₹661.60 - ₹381.58) / ₹381.58
-73.4%

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

  • The current share price of SML Isuzu 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 SML Isuzu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SML Isuzu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SMLISUZU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹13.53
BSE:505192 Share Price ** BSE (2019-07-15) in INR ₹662.65
India Machinery Industry PE Ratio Median Figure of 145 Publicly-Listed Machinery Companies 13.71x
India Market PE Ratio Median Figure of 2,834 Publicly-Listed Companies 14.88x

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

** Primary Listing of SML Isuzu.

NSEI:SMLISUZU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:505192 Share Price ÷ EPS (both in INR)

= 662.65 ÷ 13.53

48.98x

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

  • SML Isuzu is overvalued based on earnings compared to the IN Machinery industry average.
  • SML Isuzu is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does SML Isuzu's expected growth come at a high price?
Raw Data
NSEI:SMLISUZU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
49.9%per year
India Machinery Industry PEG Ratio Median Figure of 26 Publicly-Listed Machinery Companies 1.54x
India Market PEG Ratio Median Figure of 534 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

NSEI:SMLISUZU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 48.98x ÷ 49.9%

0.98x

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

  • SML Isuzu is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SML Isuzu's assets?
Raw Data
NSEI:SMLISUZU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹285.94
BSE:505192 Share Price * BSE (2019-07-15) in INR ₹662.65
India Machinery Industry PB Ratio Median Figure of 167 Publicly-Listed Machinery Companies 1.3x
India Market PB Ratio Median Figure of 3,668 Publicly-Listed Companies 0.96x
NSEI:SMLISUZU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:505192 Share Price ÷ Book Value per Share (both in INR)

= 662.65 ÷ 285.94

2.32x

* Primary Listing of SML Isuzu.

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

  • SML Isuzu is overvalued based on assets compared to the IN Machinery industry average.
X
Value checks
We assess SML Isuzu'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. SML Isuzu has a total score of 1/6, 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 SML Isuzu expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
49.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SML Isuzu expected to grow at an attractive rate?
  • SML Isuzu's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • SML Isuzu's earnings growth is expected to exceed the India market average.
  • SML Isuzu's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:SMLISUZU Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SMLISUZU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 49.9%
NSEI:SMLISUZU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 15%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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
NSEI:SMLISUZU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SMLISUZU Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 19,087 1,030 624 1
2020-03-31 16,609 936 468 1
NSEI:SMLISUZU Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 14,092 196
2018-12-31 13,477 124
2018-09-30 13,376 175
2018-06-30 12,692 219
2018-03-31 11,350 -328 85
2017-12-31 11,400 29
2017-09-30 11,451 156
2017-06-30 12,250 287
2017-03-31 13,562 1,206 630
2016-12-31 13,109 706
2016-09-30 12,756 666
2016-06-30 12,396 632

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SML Isuzu's earnings are expected to grow significantly at over 20% yearly.
  • SML Isuzu's revenue is expected to grow by 15% 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
NSEI:SMLISUZU 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 1 Analyst Estimates (S&P Global) See Below

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

NSEI:SMLISUZU Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 43.10 43.10 43.10 1.00
2020-03-31 32.30 32.30 32.30 1.00
NSEI:SMLISUZU Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 13.53
2018-12-31 8.60
2018-09-30 12.08
2018-06-30 15.10
2018-03-31 5.87
2017-12-31 2.02
2017-09-30 10.81
2017-06-30 19.84
2017-03-31 43.54
2016-12-31 48.80
2016-09-30 45.99
2016-06-30 43.69

*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.
  • SML Isuzu is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SML Isuzu'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 India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India 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.
SML Isuzu has a total score of 4/6, 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 SML Isuzu 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 SML Isuzu's growth in the last year to its industry (Machinery).
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.
  • SML Isuzu's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SML Isuzu's 1-year earnings growth exceeds its 5-year average (130.3% vs -12.5%)
  • SML Isuzu's earnings growth has exceeded the IN Machinery industry average in the past year (130.3% vs 20%).
Earnings and Revenue History
SML Isuzu'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 SML Isuzu Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SMLISUZU Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 14,092.20 195.70 1,667.00
2018-12-31 13,476.98 124.37 1,648.59
2018-09-30 13,375.68 174.77 1,602.09
2018-06-30 12,692.28 218.57 1,560.99
2018-03-31 11,350.48 84.97 1,517.39
2017-12-31 11,399.92 29.30 1,504.89
2017-09-30 11,451.32 156.50 1,488.39
2017-06-30 12,250.40 287.00 1,439.80
2017-03-31 13,561.73 630.10 1,458.56
2016-12-31 13,109.20 706.34 1,434.41
2016-09-30 12,755.90 665.54 1,405.31
2016-06-30 12,395.70 632.24 1,340.51
2016-03-31 11,591.70 511.64 1,285.81
2015-12-31 11,623.03 472.30 2,067.16
2015-09-30 11,798.93 454.30 2,042.56
2015-06-30 11,428.70 425.80 1,228.10
2015-03-31 10,997.63 369.40 1,233.87
2014-12-31 10,032.31 319.41 1,804.97
2014-09-30 9,614.91 302.51 1,742.77
2014-06-30 9,294.60 306.10 981.60
2014-03-31 8,774.91 174.01 1,609.47
2013-12-31 9,266.75 191.13 1,660.18
2013-09-30 9,515.85 253.43 1,629.28
2013-06-30 10,079.30 344.00 850.50
2013-03-31 9,899.95 364.33 1,542.48
2012-12-31 10,184.78 352.51 1,553.57
2012-09-30 10,706.68 452.71 1,517.97

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

Health

 How is SML Isuzu'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 SML Isuzu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SML Isuzu is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SML Isuzu's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SML Isuzu'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 3.1x 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 SML Isuzu Company Filings, last reported 3 months ago.

NSEI:SMLISUZU Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,135.90 2,143.10 301.70
2018-12-31 4,098.70 1,364.00 343.80
2018-09-30 4,098.70 1,364.00 343.80
2018-06-30 3,980.56 2,134.76 199.55
2018-03-31 3,980.56 2,117.63 199.55
2017-12-31 3,902.70 1,619.80 113.70
2017-09-30 3,902.70 1,619.80 113.70
2017-06-30 4,025.20 386.40 76.40
2017-03-31 4,037.96 405.36 53.84
2016-12-31 3,909.40 262.10 461.20
2016-09-30 3,909.40 262.10 461.20
2016-06-30 3,401.31 578.33 361.37
2016-03-31 3,401.31 578.33 361.37
2015-12-31 3,383.20 250.70 754.10
2015-09-30 3,383.20 250.70 754.10
2015-06-30 3,029.00 222.90 877.50
2015-03-31 3,029.02 222.94 877.50
2014-12-31 3,026.90 350.00 767.20
2014-09-30 3,026.90 350.00 767.20
2014-06-30 2,764.10 0.00 411.00
2014-03-31 2,764.13 0.00 411.02
2013-12-31 2,781.80 391.20 103.70
2013-09-30 2,781.80 391.20 103.70
2013-06-30 2,640.90 1,620.90 750.00
2013-03-31 2,640.91 1,620.93 750.02
2012-12-31 2,663.80 1,979.50 686.00
2012-09-30 2,663.80 1,979.50 686.00
  • SML Isuzu's level of debt (51.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 51.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SML Isuzu'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. SML Isuzu has a total score of 2/6, 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 SML Isuzu'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
0.45%
Current annual income from SML Isuzu dividends. Estimated to be 1.51% next year.
If you bought ₹2,000 of SML Isuzu shares you are expected to receive ₹9 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?
  • SML Isuzu's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • SML Isuzu's dividend is below the markets top 25% of dividend payers in India (2.17%).
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
NSEI:SMLISUZU 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 1 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 98 Stocks 1.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SMLISUZU Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 10.00 1.00
2020-03-31 10.00 1.00
NSEI:SMLISUZU Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-28 3.000 0.392
2018-05-23 1.500 0.208
2017-05-10 8.000 0.862
2016-05-10 8.000 0.672
2015-08-27 6.000 0.592
2015-05-08 6.000 0.510
2014-09-24 3.000 0.302
2013-08-27 8.000 2.396
2013-05-07 8.000 2.801
2012-07-18 8.000 2.072
2011-06-30 6.500 1.663
2011-05-16 6.500 1.783
2010-07-27 4.000 1.129
2010-05-28 4.000 1.192
2009-05-28 1.500 0.618

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 SML Isuzu's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess SML Isuzu's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - 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 SML Isuzu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SML Isuzu 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 SML Isuzu'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
Yugo Hashimoto
AGE 59
TENURE AS CEO 0.9 years
CEO Bio

Mr. Yugo Hashimoto has been Managing Director and Chief Executive Officer at SML Isuzu Limited since August 10, 2018 and also has been its Director since August 9, 2018.

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

Average tenure and age of the SML Isuzu management team in years:

3.3
Average Tenure
63
Average Age
  • The tenure for the SML Isuzu management team is about average.
Management Team

Gopal Bansal

TITLE
CFO & Whole-Time Director
COMPENSATION
₹19M
AGE
63
TENURE
5.4 yrs

Parvesh Madan

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹3M
TENURE
5.3 yrs

Yugo Hashimoto

TITLE
MD, CEO & Director
AGE
59
TENURE
0.9 yrs

Tadanao Yamamoto

TITLE
Director of Quality Assurance & Whole-Time Director
TENURE
0.7 yrs

K. Prasad

TITLE
Advisor to Chief Executive Officer
COMPENSATION
₹3M
AGE
68
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the SML Isuzu board of directors in years:

7.5
Average Tenure
68
Average Age
  • The tenure for the SML Isuzu board of directors is about average.
Board of Directors

Surender Tuteja

TITLE
Chairman
COMPENSATION
₹2M
AGE
74
TENURE
14.1 yrs

Gopal Bansal

TITLE
CFO & Whole-Time Director
COMPENSATION
₹19M
AGE
63
TENURE
5.4 yrs

Yugo Hashimoto

TITLE
MD, CEO & Director
AGE
59
TENURE
0.9 yrs

Tadanao Yamamoto

TITLE
Director of Quality Assurance & Whole-Time Director
TENURE
0.7 yrs

Pramod Nanda

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
87
TENURE
13 yrs

Pankaj Bajaj

TITLE
Non-Executive Director
AGE
48
TENURE
13 yrs

Ashish Thakur

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
78
TENURE
13.5 yrs

Eiichi Seto

TITLE
Non-Executive Director
COMPENSATION
₹14M
AGE
60
TENURE
9.2 yrs

Sudhir Nayar

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
68
TENURE
5.9 yrs

Vasantha Bharucha

TITLE
Independent Non-Executive Director
COMPENSATION
₹1M
AGE
75
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess SML Isuzu'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. SML Isuzu 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

Why SML Isuzu Limited's (NSE:SMLISUZU) High P/E Ratio Isn't Necessarily A Bad Thing

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for SML Isuzu: P/E of 50.51 = ₹683.35 ÷ ₹13.53 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings. … NSEI:SMLISUZU Price Estimation Relative to Market, July 12th 2019 Its relatively high P/E ratio indicates that SML Isuzu shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

When Should You Buy SML Isuzu Limited (NSE:SMLISUZU)?

Let’s take a look at SML Isuzu’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … If you believe the share price should eventually reach its true value, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

SML Isuzu Limited (NSE:SMLISUZU) Delivered A Weaker ROE Than Its Industry

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for SML Isuzu: 4.7% = ₹196m ÷ ₹4.1b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Here’s why SML Isuzu Limited’s (NSE:SMLISUZU) Returns On Capital Matters So Much

Finally, we'll look at how its current liabilities affect its ROCE. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for SML Isuzu: 0.07 = ₹404m ÷ (₹11b - ₹5.2b) (Based on the trailing twelve months to March 2019.) Therefore, SML Isuzu has an ROCE of 7.0%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

How Does Investing In SML Isuzu Limited (NSE:SMLISUZU) Impact The Volatility Of Your Portfolio?

Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … Therefore, it's a bit surprising to see that this stock has a beta value so close to the overall market.

Simply Wall St -

Do Institutions Own SML Isuzu Limited (NSE:SMLISUZU) Shares?

Generally speaking, as a company grows, institutions will increase their ownership. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Did You Miss SML Isuzu's Impressive 151% Share Price Gain?

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … During five years of share price growth, SML Isuzu actually saw its EPS drop 8.2% per year. … Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.

Simply Wall St -

Based On Its ROE, Is SML Isuzu Limited (NSE:SMLISUZU) A High Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.030 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should We Worry About SML Isuzu Limited's (NSE:SMLISUZU) P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use SML Isuzu Limited's (NSE:SMLISUZU) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Worry About SML Isuzu Limited’s (NSE:SMLISUZU) ROCE?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Company Info

Description

SML Isuzu Limited manufactures and sells commercial vehicles and related parts primarily in India and internationally. The company's products include trucks and buses. It also provides special applications vehicles, such as ambulances, tippers, dumper placers, troop carriers, prison vans, dual cab trucks, 4X4 trucks, water tanker trucks, closed vans, refrigerated vans, and recovery vans. The company offers its products through dealers. The company was formerly known as Swaraj Mazda Ltd. and changed its name to SML Isuzu Limited in 2011. SML Isuzu Limited was founded in 1983 and is based in Chandigarh, India.

Details
Name: SML Isuzu Limited
SMLISUZU
Exchange: NSEI
Founded: 1983
₹9,847,231,520
14,471,646
Website: http://www.smlisuzu.com
Address: SML Isuzu Limited
SCO 204-205,
Sector 34-A,
Chandigarh,
Chandigarh, 160135,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 505192 Equity Shares Mumbai Stock Exchange IN INR 03. Jul 1995
NSEI SMLISUZU Equity Shares National Stock Exchange of India IN INR 03. Jul 1995
Number of employees
Current staff
Staff numbers
1,060
SML Isuzu employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:49
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/05/29
Last earnings filing: 2019/05/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.