company background image
1928

Sekisui House TSE:1928 Stock Report

Last Price

JP¥2.37k

Market Cap

JP¥1.6t

7D

2.6%

1Y

5.1%

Updated

28 Jun, 2022

Data

Company Financials +
1928 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends5/6

1928 Stock Overview

Sekisui House, Ltd. designs, constructs, and contracts built-to-order detached houses in Japan and internationally.

Sekisui House Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sekisui House
Historical stock prices
Current Share PriceJP¥2,371.50
52 Week HighJP¥2,567.00
52 Week LowJP¥2,125.00
Beta0.84
1 Month Change3.90%
3 Month Change-2.73%
1 Year Change5.14%
3 Year Change29.56%
5 Year Change20.08%
Change since IPO62.43%

Recent News & Updates

Shareholder Returns

1928JP Consumer DurablesJP Market
7D2.6%0.9%1.8%
1Y5.1%-2.5%-4.7%

Return vs Industry: 1928 exceeded the JP Consumer Durables industry which returned -2.5% over the past year.

Return vs Market: 1928 exceeded the JP Market which returned -4.7% over the past year.

Price Volatility

Is 1928's price volatile compared to industry and market?
1928 volatility
1928 Average Weekly Movement2.6%
Consumer Durables Industry Average Movement3.6%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.5%
10% least volatile stocks in JP Market2.3%

Stable Share Price: 1928 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 1928's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192928,821Yoshihiro Nakaihttps://www.sekisuihouse.co.jp

Sekisui House, Ltd. designs, constructs, and contracts built-to-order detached houses in Japan and internationally. The company operates through Custom Detached Houses, Rental Housing, Architectural/Civil Engineering, Remodeling, Real Estate Management Fees, Houses For Sale, Condominiums, Urban Redevelopment, and Overseas segments. It also engages in the design, construction, and contracting of built-to-order properties for lease, medical and nursing care facilities, commercial facilities, and hotels; design, construction, and contracting of construction of buildings and civil engineering works; remodeling and renovation of houses, etc.; sub-lease, management, operation, and brokerage of real estate; sale of houses and residential land; design, construction, and sale of condominiums; and development of office and commercial buildings, as well as management and operation of owned properties.

Sekisui House Fundamentals Summary

How do Sekisui House's earnings and revenue compare to its market cap?
1928 fundamental statistics
Market CapJP¥1.57t
Earnings (TTM)JP¥175.22b
Revenue (TTM)JP¥2.72t

9.1x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1928 income statement (TTM)
RevenueJP¥2.72t
Cost of RevenueJP¥2.16t
Gross ProfitJP¥566.92b
Other ExpensesJP¥391.70b
EarningsJP¥175.22b

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)261.58
Gross Margin20.81%
Net Profit Margin6.43%
Debt/Equity Ratio38.0%

How did 1928 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

35%

Payout Ratio

Does 1928 pay a reliable dividends?

See 1928 dividend history and benchmarks
When do you need to buy 1928 by to receive an upcoming dividend?
Sekisui House dividend dates
Ex Dividend DateJul 28 2022
Dividend Pay DateSep 30 2022
Days until Ex dividend29 days
Days until Dividend pay date93 days

Does 1928 pay a reliable dividends?

See 1928 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 1928 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1928?

Other financial metrics that can be useful for relative valuation.

1928 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA5.9x
PEG Ratio3.9x

Price to Earnings Ratio vs Peers

How does 1928's PE Ratio compare to its peers?

1928 PE Ratio vs Peers
The above table shows the PE ratio for 1928 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.2x
4204 Sekisui Chemical
22.2x15.9%JP¥822.0b
3291 Iida Group Holdings
5.9x0.8%JP¥608.8b
3288 Open House Group
8.8x7.1%JP¥670.2b
1808 HASEKO
8x0.4%JP¥436.7b
1928 Sekisui House
9.1x2.3%JP¥1.6t

Price-To-Earnings vs Peers: 1928 is good value based on its Price-To-Earnings Ratio (9.1x) compared to the peer average (11.2x).


Price to Earnings Ratio vs Industry

How does 1928's PE Ratio compare vs other companies in the JP Consumer Durables Industry?

Price-To-Earnings vs Industry: 1928 is expensive based on its Price-To-Earnings Ratio (9.1x) compared to the JP Consumer Durables industry average (8.5x)


Price to Earnings Ratio vs Fair Ratio

What is 1928's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1928 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.1x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: 1928 is good value based on its Price-To-Earnings Ratio (9.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).


Share Price vs Fair Value

What is the Fair Price of 1928 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1928 (¥2371.5) is trading above our estimate of fair value (¥2266.6)

Significantly Below Fair Value: 1928 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: 1928 is poor value based on its PEG Ratio (3.9x)


Discover undervalued companies

Future Growth

How is Sekisui House forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1928's forecast earnings growth (2.3% per year) is above the savings rate (0.02%).

Earnings vs Market: 1928's earnings (2.3% per year) are forecast to grow slower than the JP market (8.9% per year).

High Growth Earnings: 1928's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1928's revenue (2.1% per year) is forecast to grow slower than the JP market (4.5% per year).

High Growth Revenue: 1928's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1928's Return on Equity is forecast to be low in 3 years time (10.4%).


Discover growth companies

Past Performance

How has Sekisui House performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1928 has high quality earnings.

Growing Profit Margin: 1928's current net profit margins (6.4%) are higher than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: 1928's earnings have grown by 2.9% per year over the past 5 years.

Accelerating Growth: 1928's earnings growth over the past year (35.7%) exceeds its 5-year average (2.9% per year).

Earnings vs Industry: 1928 earnings growth over the past year (35.7%) exceeded the Consumer Durables industry 24.1%.


Return on Equity

High ROE: 1928's Return on Equity (11.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Sekisui House's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1928's short term assets (¥2,001.5B) exceed its short term liabilities (¥859.5B).

Long Term Liabilities: 1928's short term assets (¥2,001.5B) exceed its long term liabilities (¥423.6B).


Debt to Equity History and Analysis

Debt Level: 1928's net debt to equity ratio (4.8%) is considered satisfactory.

Reducing Debt: 1928's debt to equity ratio has reduced from 60.4% to 38% over the past 5 years.

Debt Coverage: 1928's debt is not well covered by operating cash flow (19.8%).

Interest Coverage: 1928 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Sekisui House current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.96%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 28 2022Ex Dividend DateJul 28 2022Dividend Pay DateSep 30 202264 days from Ex DividendBuy in the next 29 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1928's dividend (3.96%) is higher than the bottom 25% of dividend payers in the JP market (1.67%).

High Dividend: 1928's dividend (3.96%) is in the top 25% of dividend payers in the JP market (3.71%)


Stability and Growth of Payments

Stable Dividend: 1928's dividends per share have been stable in the past 10 years.

Growing Dividend: 1928's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.7%), 1928's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (179.5%), 1928's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.2yrs

Average management tenure


CEO

Yoshihiro Nakai (56 yo)

4.33yrs

Tenure

JP¥170,000,000

Compensation

Mr. Yoshihiro Nakai serves as President and Representative Director at Sekisui House Ltd. since February 2018 and serves as its Chief Executive Officer. Mr. Nakai served as Senior Managing Officer of Sekis...


CEO Compensation Analysis

Compensation vs Market: Yoshihiro's total compensation ($USD1.26M) is about average for companies of similar size in the JP market ($USD1.55M).

Compensation vs Earnings: Yoshihiro's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1928's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: 1928's board of directors are considered experienced (6.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sekisui House, Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sekisui House, Ltd.
  • Ticker: 1928
  • Exchange: TSE
  • Founded: 1929
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Implied Market Cap: JP¥1.568t
  • Shares outstanding: 669.85m
  • Website: https://www.sekisuihouse.co.jp

Number of Employees


Location

  • Sekisui House, Ltd.
  • Umeda Sky Building Tower East
  • 1-1-88, Oyodonaka
  • Osaka
  • 531-0076
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/04/30
Annual Earnings2022/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.