Daito Trust ConstructionLtd
Market Cap
JP¥655.5b
Last Updated
2021/01/15 08:02 UTC
Data Sources
Company Financials +
Executive Summary
Daito Trust Construction Co.,Ltd. designs and constructs apartments, condominiums, rental office buildings, factories, and warehouses in Japan. More Details
Rewards
Risk Analysis
No risks detected for 1878 from our risk checks.
Snowflake Analysis
Outstanding track record with flawless balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Daito Trust ConstructionLtd's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1878 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 1878's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-4.5%
1878
0.2%
JP Real Estate
2.3%
JP Market
1 Year Return
-29.8%
1878
-14.4%
JP Real Estate
8.6%
JP Market
Return vs Industry: 1878 underperformed the JP Real Estate industry which returned -14.4% over the past year.
Return vs Market: 1878 underperformed the JP Market which returned 8.6% over the past year.
Shareholder returns
| 1878 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.5% | 0.2% | 2.3% |
| 30 Day | -3.0% | -2.5% | 4.7% |
| 90 Day | 1.8% | 8.2% | 14.8% |
| 1 Year | -25.9%-29.8% | -12.1%-14.4% | 11.3%8.6% |
| 3 Year | -48.9%-55.2% | -17.7%-23.3% | 8.1%0.5% |
| 5 Year | -19.2%-33.3% | 16.8%5.5% | 62.7%44.4% |
Long-Term Price Volatility Vs. Market
How volatile is Daito Trust ConstructionLtd's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Daito Trust ConstructionLtd undervalued compared to its fair value and its price relative to the market?
1.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1878 (¥9300) is trading below our estimate of fair value (¥9457.86)
Significantly Below Fair Value: 1878 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1878 is good value based on its PE Ratio (7.5x) compared to the JP Real Estate industry average (13.6x).
PE vs Market: 1878 is good value based on its PE Ratio (7.5x) compared to the JP market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: 1878 is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: 1878 is overvalued based on its PB Ratio (2.2x) compared to the JP Real Estate industry average (1.1x).
Next Steps
Future Growth
How is Daito Trust ConstructionLtd forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
7.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1878's forecast earnings growth (7.7% per year) is above the savings rate (0%).
Earnings vs Market: 1878's earnings (7.7% per year) are forecast to grow slower than the JP market (17.6% per year).
High Growth Earnings: 1878's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1878's revenue (4.1% per year) is forecast to grow slower than the JP market (5.6% per year).
High Growth Revenue: 1878's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1878's Return on Equity is forecast to be high in 3 years time (20.9%)
Next Steps
Past Performance
How has Daito Trust ConstructionLtd performed over the past 5 years?
4.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1878 has high quality earnings.
Growing Profit Margin: 1878's current net profit margins (5.4%) are higher than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: 1878's earnings have grown by 4.5% per year over the past 5 years.
Accelerating Growth: 1878's earnings growth over the past year (8%) exceeds its 5-year average (4.5% per year).
Earnings vs Industry: 1878 earnings growth over the past year (8%) exceeded the Real Estate industry -17.5%.
Return on Equity
High ROE: 1878's Return on Equity (28.3%) is considered high.
Next Steps
Financial Health
How is Daito Trust ConstructionLtd's financial position?
Financial Position Analysis
Short Term Liabilities: 1878's short term assets (¥458.8B) exceed its short term liabilities (¥278.0B).
Long Term Liabilities: 1878's short term assets (¥458.8B) exceed its long term liabilities (¥271.5B).
Debt to Equity History and Analysis
Debt Level: 1878's debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: 1878's debt to equity ratio has reduced from 27.9% to 23.7% over the past 5 years.
Debt Coverage: 1878's debt is well covered by operating cash flow (105.3%).
Interest Coverage: 1878 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Daito Trust ConstructionLtd current dividend yield, its reliability and sustainability?
4.39%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1878's dividend (4.39%) is higher than the bottom 25% of dividend payers in the JP market (1.21%).
High Dividend: 1878's dividend (4.39%) is in the top 25% of dividend payers in the JP market (2.96%)
Stability and Growth of Payments
Stable Dividend: 1878's dividends per share have been stable in the past 10 years.
Growing Dividend: 1878's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.5%), 1878's dividend payments are well 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?
4.8yrs
Average management tenure
CEO
Katsuma Kobayashi (59 yo)
1.75yrs
Tenure
JP¥176,000,000
Compensation
Mr. Katsuma Kobayashi has been President since April 1, 2019 and served as Senior Managing Director of Daito Trust Construction Co. Ltd. since April 2018 until 2019. Mr. Kobayashi serves as General Manager...
CEO Compensation Analysis
Compensation vs Market: Katsuma's total compensation ($USD1.70M) is about average for companies of similar size in the JP market ($USD1.59M).
Compensation vs Earnings: Katsuma's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.75yrs | JP¥176.00m | 0.013% ¥ 85.8m | |
| GM of East Japan Construction Business Headquarters & Director | 5.58yrs | JP¥115.00m | 0.0029% ¥ 19.1m | |
| GM of Subsidiary Business Headquarters & Director | 6.58yrs | JP¥112.00m | 0.0058% ¥ 38.1m | |
| MD, GM of West Japan Constraction Business Headquarters & Director | 6.58yrs | JP¥105.00m | 0.0029% ¥ 19.1m | |
| MD, GM of Corporate Management Headquarters | 8.58yrs | JP¥118.00m | 0.0087% ¥ 57.2m | |
| Executive Officer & GM of Accounting Department | no data | no data | no data | |
| Executive Officer | no data | no data | no data | |
| Executive Officer & GM of West Kanto Area Construction Business Department | 4.75yrs | no data | no data | |
| Executive Officer | no data | no data | no data | |
| Executive Officer & GM of Chukyo Area Construction Business Department | 3yrs | no data | no data | |
| Executive Officer | 4.75yrs | no data | no data | |
| Executive Officer | 4.75yrs | no data | no data |
4.8yrs
Average Tenure
55yo
Average Age
Experienced Management: 1878's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.75yrs | JP¥176.00m | 0.013% ¥ 85.8m | |
| GM of East Japan Construction Business Headquarters & Director | 5.58yrs | JP¥115.00m | 0.0029% ¥ 19.1m | |
| GM of Subsidiary Business Headquarters & Director | 6.58yrs | JP¥112.00m | 0.0058% ¥ 38.1m | |
| MD, GM of West Japan Constraction Business Headquarters & Director | 6.58yrs | JP¥105.00m | 0.0029% ¥ 19.1m | |
| MD, GM of Corporate Management Headquarters | 8.58yrs | JP¥118.00m | 0.0087% ¥ 57.2m | |
| GM of Real Estate Business Headquarters & Director | 3.58yrs | no data | 0.0014% ¥ 9.5m | |
| Independent Outside Director | 3.58yrs | no data | no data | |
| Outside Audit & Supervisory Board Member | 21.58yrs | no data | no data | |
| Audit & Supervisory Board Member | 11.58yrs | no data | no data | |
| Lead Independent Outside Director | no data | no data | no data | |
| Outside Audit & Supervisory Board Member | 7.58yrs | no data | no data | |
| Independent Outside Director | 5.58yrs | no data | no data |
6.6yrs
Average Tenure
59yo
Average Age
Experienced Board: 1878's board of directors are considered experienced (6.6 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
Daito Trust Construction Co.,Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Daito Trust Construction Co.,Ltd.
- Ticker: 1878
- Exchange: TSE
- Founded: 1974
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: JP¥655.468b
- Shares outstanding: 68.78m
- Website: https://www.kentaku.co.jp
Number of Employees
Location
- Daito Trust Construction Co.,Ltd.
- 2-16-1, Konan
- Minato-ku
- Tokyo
- 108-8211
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DITT.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Jan 1992 |
| 1878 | TSE (The Tokyo Stock Exchange) | Yes | Common Stock | JP | JPY | Jan 1992 |
| 4D7 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| DIFT.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Oct 2008 |
Biography
Daito Trust Construction Co.,Ltd. designs and constructs apartments, condominiums, rental office buildings, factories, and warehouses in Japan. It operates through three segments: Construction, Real Estate...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 08:02 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.