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9682

DTS TSE:9682 Stock Report

Last Price

JP¥3.44k

Market Cap

JP¥149.9b

7D

-1.7%

1Y

34.8%

Updated

02 Oct, 2022

Data

Company Financials +
9682 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends3/6

9682 Stock Overview

DTS Corporation provides systems integration services in Japan.

DTS Competitors

Price History & Performance

Summary of all time highs, changes and price drops for DTS
Historical stock prices
Current Share PriceJP¥3,435.00
52 Week HighJP¥3,705.00
52 Week LowJP¥2,346.00
Beta0.72
1 Month Change-1.15%
3 Month Change10.10%
1 Year Change34.81%
3 Year Change54.11%
5 Year Change128.62%
Change since IPO390.18%

Recent News & Updates

Shareholder Returns

9682JP ITJP Market
7D-1.7%-1.1%-3.9%
1Y34.8%-14.6%-8.2%

Return vs Industry: 9682 exceeded the JP IT industry which returned -14.6% over the past year.

Return vs Market: 9682 exceeded the JP Market which returned -8.2% over the past year.

Price Volatility

Is 9682's price volatile compared to industry and market?
9682 volatility
9682 Average Weekly Movement3.3%
IT Industry Average Movement4.3%
Market Average Movement3.5%
10% most volatile stocks in JP Market7.4%
10% least volatile stocks in JP Market1.8%

Stable Share Price: 9682 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 9682's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19725,604Tomoaki Kitamurahttps://www.dts.co.jp

DTS Corporation provides systems integration services in Japan. The company operates through four segments: Finance and Society; Corporate Solutions; Operational Infrastructure BPO; and Regional, Overseas, Etc. It develops and maintains information systems; designs and executes electrical and telecommunications construction work related to information systems; develops, purchases, sells, and leases educational equipment and materials related to the information systems; and publishes, edits, and translates work related to the information systems.

DTS Fundamentals Summary

How do DTS's earnings and revenue compare to its market cap?
9682 fundamental statistics
Market CapJP¥149.90b
Earnings (TTM)JP¥7.87b
Revenue (TTM)JP¥97.84b

19.1x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9682 income statement (TTM)
RevenueJP¥97.84b
Cost of RevenueJP¥78.34b
Gross ProfitJP¥19.49b
Other ExpensesJP¥11.63b
EarningsJP¥7.87b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)180.30
Gross Margin19.92%
Net Profit Margin8.04%
Debt/Equity Ratio0.0%

How did 9682 perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

40%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9682 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9682?

Other financial metrics that can be useful for relative valuation.

9682 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/Revenue1.1x
Enterprise Value/EBITDA8.6x
PEG Ratio3.2x

Price to Earnings Ratio vs Peers

How does 9682's PE Ratio compare to its peers?

9682 PE Ratio vs Peers
The above table shows the PE ratio for 9682 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.9x
4722 Future
17.1xn/aJP¥140.2b
8096 Kanematsu Electronics
12.7x4.1%JP¥114.0b
23.7x7.6%JP¥190.1b
4373 Simplex Holdings
26.3x11.7%JP¥103.9b
19.1x5.9%JP¥149.9b

Price-To-Earnings vs Peers: 9682 is good value based on its Price-To-Earnings Ratio (19.1x) compared to the peer average (19.9x).


Price to Earnings Ratio vs Industry

How does 9682's PE Ratio compare vs other companies in the JP IT Industry?

Price-To-Earnings vs Industry: 9682 is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the JP IT industry average (16.9x)


Price to Earnings Ratio vs Fair Ratio

What is 9682'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.

9682 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.1x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: 9682 is good value based on its Price-To-Earnings Ratio (19.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).


Share Price vs Fair Value

What is the Fair Price of 9682 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9682 (¥3435) is trading below our estimate of fair value (¥4399.12)

Significantly Below Fair Value: 9682 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9682's forecast earnings growth (5.9% per year) is above the savings rate (0.04%).

Earnings vs Market: 9682's earnings (5.9% per year) are forecast to grow slower than the JP market (8.6% per year).

High Growth Earnings: 9682's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9682's revenue (5.5% per year) is forecast to grow faster than the JP market (4.2% per year).

High Growth Revenue: 9682's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9682's Return on Equity is forecast to be low in 3 years time (13.4%).


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Past Performance

How has DTS performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9682 has high quality earnings.

Growing Profit Margin: 9682's current net profit margins (8%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: 9682's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: 9682's earnings growth over the past year (2.4%) is below its 5-year average (7.7% per year).

Earnings vs Industry: 9682 earnings growth over the past year (2.4%) underperformed the IT industry 17.3%.


Return on Equity

High ROE: 9682's Return on Equity (13%) is considered low.


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Financial Health

How is DTS's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 9682's short term assets (¥63.4B) exceed its short term liabilities (¥13.3B).

Long Term Liabilities: 9682's short term assets (¥63.4B) exceed its long term liabilities (¥1.1B).


Debt to Equity History and Analysis

Debt Level: 9682 is debt free.

Reducing Debt: 9682 has not had any debt for past 5 years.

Debt Coverage: 9682 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 9682 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is DTS current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.46%

Current Dividend Yield

Dividend Yield vs Market

DTS Dividend Yield vs Market
How does DTS dividend yield compare to the market?
SegmentDividend Yield
Company (DTS)1.5%
Market Bottom 25% (JP)1.7%
Market Top 25% (JP)3.8%
Industry Average (IT)1.7%
Analyst forecast in 3 Years (DTS)3.1%

Notable Dividend: 9682's dividend (1.46%) isn’t notable compared to the bottom 25% of dividend payers in the JP market (1.67%).

High Dividend: 9682's dividend (1.46%) is low compared to the top 25% of dividend payers in the JP market (3.76%).


Stability and Growth of Payments

Stable Dividend: 9682's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9682's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.3%), 9682's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (29.9%), 9682's dividend payments are well covered by cash flows.


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Management

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

2.0yrs

Average management tenure


CEO

Tomoaki Kitamura (58 yo)

2.33yrs

Tenure

Mr. Tomoaki Kitamura serves as President & Representative Director at DTS Corporation since April 2021 and served as its General Manager of Digital Solution Sector since April 2021 until April 01, 2022 and...


Leadership Team

Experienced Management: 9682's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: 9682's board of directors are considered experienced (3.3 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

What is the ownership structure of 9682?
Owner TypeNumber of SharesOwnership Percentage
Public Companies771,0001.8%
Private Companies1,171,0002.7%
Employee Share Scheme3,082,0007.1%
Individual Insiders3,480,0008.0%
General Public13,553,62431.1%
Institutions21,581,78649.5%

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


Top Shareholders

Top 25 shareholders own 64.6% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.73%
Asset Value Investors Limited
5,992,200¥20.6b0%10.15%
7.06%
DTS Corp., ESOP
3,082,000¥10.6b0%no data
4.03%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
1,757,700¥6.0b0%0.03%
4.01%
Acadian Asset Management LLC
1,749,202¥6.0b0%0.16%
3.3%
Shirane Maita
1,442,000¥5.0b0%no data
3.2%
The Vanguard Group, Inc.
1,395,402¥4.8b3.82%no data
3.04%
Nomura Asset Management Co., Ltd.
1,328,800¥4.6b8.98%0.01%
2.68%
Nippon information Technology Consulting Co.,Ltd.
1,171,000¥4.0b0%no data
2.57%
Kumiko Akiyama
1,120,000¥3.8b0%no data
2.47%
FMR LLC
1,079,327¥3.7b-0.07%no data
1.84%
Chitomi Kozaki
803,000¥2.8b0%no data
1.8%
Copper Rock Capital Partners, LLC
786,800¥2.7b0%63.05%
1.77%
Nippon Telegraph and Telephone Corporation
771,000¥2.6b0%no data
1.67%
Massachusetts Financial Services Company
728,411¥2.5b0.04%no data
1.59%
Nikko Asset Management Co., Ltd.
694,200¥2.4b0%0.01%
1.53%
Schroder Investment Management Limited
665,800¥2.3b0%0.01%
1.52%
BlackRock, Inc.
665,064¥2.3b7.76%no data
1.36%
Daiwa Asset Management Co. Ltd.
593,200¥2.0b6.19%0.01%
1.34%
Dimensional Fund Advisors LP
583,269¥2.0b0.1%no data
0.97%
Norges Bank Investment Management
423,657¥1.5b0%no data
0.8%
Aegon Asset Management UK Plc
350,000¥1.2b-0.12%0.04%
0.68%
Fidelity International Ltd
298,000¥1.0b-0.09%no data
0.63%
Allspring Global Investments, LLC
275,065¥944.8m-0.05%0.01%
0.6%
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.
260,100¥893.4m19.86%0.01%
0.41%
Sumitomo Mitsui DS Asset Management Company, Limited
177,400¥609.4m-0.17%0.02%

Company Information

DTS Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: DTS Corporation
  • Ticker: 9682
  • Exchange: TSE
  • Founded: 1972
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: JP¥149.901b
  • Shares outstanding: 43.64m
  • Website: https://www.dts.co.jp

Number of Employees


Location

  • DTS Corporation
  • Empire Building
  • 8th Floor
  • Tokyo
  • 104-0032
  • Japan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9682TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
DA9DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
DTSO.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.