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3880

Daio PaperTSE:3880 Stock Report

Market Cap

JP¥357.8b

7D

-1.9%

1Y

51.9%

Updated

24 Sep, 2021

Data

Company Financials +
3880 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends3/6

3880 Overview

Daio Paper Corporation operates as a paper manufacturer in Japan and internationally.

Daio Paper Competitors

Tokushu Tokai Paper

TSE:3708

JP¥62.5b

Rengo

TSE:3941

JP¥222.9b

Price History & Performance

Summary of all time highs, changes and price drops for Daio Paper
Historical stock prices
Current Share PriceJP¥2,195.00
52 Week HighJP¥1,417.00
52 Week LowJP¥2,247.00
Beta0.47
1 Month Change8.40%
3 Month Change20.60%
1 Year Change51.90%
3 Year Change35.16%
5 Year Change84.30%
Change since IPO176.48%

Recent News & Updates

Shareholder Returns

3880JP ForestryJP Market
7D-1.9%-2.9%-2.2%
1Y51.9%24.1%23.6%

Return vs Industry: 3880 exceeded the JP Forestry industry which returned 24.1% over the past year.

Return vs Market: 3880 exceeded the JP Market which returned 23.6% over the past year.

Price Volatility

Is 3880's price volatile compared to industry and market?
3880 volatility
3880 Beta0.47
Industry Beta0.52
Market Beta1

Stable Share Price: 3880 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 3880's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194312,658Yorifusa Wakabayashihttps://www.daio-paper.co.jp

Daio Paper Corporation operates as a paper manufacturer in Japan and internationally. The company operates through two segments, Paper and Paperboard business, and Home and Personal Care business. It manufactures, processes, and sells paper, paperboard, pulp, and their by-products, as well as commodities and miscellaneous goods.

Daio Paper Fundamentals Summary

How do Daio Paper's earnings and revenue compare to its market cap?
3880 fundamental statistics
Market CapJP¥357.81b
Earnings (TTM)JP¥22.88b
Revenue (TTM)JP¥587.18b

15.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3880 income statement (TTM)
RevenueJP¥587.18b
Cost of RevenueJP¥419.46b
Gross ProfitJP¥167.71b
ExpensesJP¥144.84b
EarningsJP¥22.88b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 12, 2021

Earnings per share (EPS)137.73
Gross Margin28.56%
Net Profit Margin3.90%
Debt/Equity Ratio162.0%

How did 3880 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

12%

Payout Ratio

Does 3880 pay a reliable dividends?

See 3880 dividend history and benchmarks
When do you need to buy 3880 by to receive an upcoming dividend?
Daio Paper dividend dates
Ex Dividend DateSep 29 2021
Dividend Pay DateDec 04 2021
Days until Ex dividend4 days
Days until Dividend pay date70 days

Does 3880 pay a reliable dividends?

See 3880 dividend history and benchmarks

Valuation

Is Daio Paper undervalued compared to its fair value and its price relative to the market?

37.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3880 (¥2195) is trading below our estimate of fair value (¥3498.81)

Significantly Below Fair Value: 3880 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3880 is poor value based on its PE Ratio (15.9x) compared to the JP Forestry industry average (11.5x).

PE vs Market: 3880 is poor value based on its PE Ratio (15.9x) compared to the JP market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: 3880 is poor value based on its PEG Ratio (45.3x)


Price to Book Ratio

PB vs Industry: 3880 is overvalued based on its PB Ratio (1.5x) compared to the JP Forestry industry average (0.7x).


Future Growth

How is Daio Paper forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3880's forecast earnings growth (0.4% per year) is above the savings rate (0%).

Earnings vs Market: 3880's earnings (0.4% per year) are forecast to grow slower than the JP market (10.3% per year).

High Growth Earnings: 3880's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3880's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: 3880's revenue is forecast to decline over the next 3 years (-0.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3880's Return on Equity is forecast to be low in 3 years time (7.9%).


Past Performance

How has Daio Paper performed over the past 5 years?

15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3880 has high quality earnings.

Growing Profit Margin: 3880's current net profit margins (3.9%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: 3880's earnings have grown by 15.9% per year over the past 5 years.

Accelerating Growth: 3880's earnings growth over the past year (0.01%) is below its 5-year average (15.9% per year).

Earnings vs Industry: 3880 earnings growth over the past year (0.01%) underperformed the Forestry industry 41.9%.


Return on Equity

High ROE: 3880's Return on Equity (8.7%) is considered low.


Financial Health

How is Daio Paper's financial position?


Financial Position Analysis

Short Term Liabilities: 3880's short term assets (¥311.1B) exceed its short term liabilities (¥224.5B).

Long Term Liabilities: 3880's short term assets (¥311.1B) do not cover its long term liabilities (¥363.4B).


Debt to Equity History and Analysis

Debt Level: 3880's debt to equity ratio (162%) is considered high.

Reducing Debt: 3880's debt to equity ratio has reduced from 193.8% to 162% over the past 5 years.

Debt Coverage: 3880's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: 3880's interest payments on its debt are well covered by EBIT (10.9x coverage).


Balance Sheet


Dividend

What is Daio Paper current dividend yield, its reliability and sustainability?

0.91%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 24 2021Ex Dividend DateSep 29 2021Dividend Pay DateDec 04 202166 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 3880's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.31%).

High Dividend: 3880's dividend (0.91%) is low compared to the top 25% of dividend payers in the JP market (3.01%).


Stability and Growth of Payments

Stable Dividend: 3880's dividends per share have been stable in the past 10 years.

Growing Dividend: 3880's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.1%), 3880's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Yorifusa Wakabayashi (60 yo)

0.42

Tenure

Mr. Yurifusa Wakabayashi has been President and Chief Executive Officer at Daio Paper Corporation since April 1, 2021. He served as Managing Executive Officer at Daio Paper Corporation until April 2021 and...


Leadership Team

Experienced Management: 3880's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: 3880's board of directors are considered experienced (4.3 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 been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Daio Paper Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Daio Paper Corporation
  • Ticker: 3880
  • Exchange: TSE
  • Founded: 1943
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: JP¥357.805b
  • Shares outstanding: 166.11m
  • Website: https://www.daio-paper.co.jp

Number of Employees


Location

  • Daio Paper Corporation
  • Iidabashi Grand Bloom
  • 10-2, Fujimi 2 chome
  • Tokyo
  • 102-0071
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 08:02
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.