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8023

Daiko Denshi Tsushin TSE:8023 Stock Report

Last Price

JP¥483.00

Market Cap

JP¥6.4b

7D

-5.7%

1Y

-7.1%

Updated

14 Aug, 2022

Data

Company Financials
8023 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

8023 Stock Overview

Daiko Denshi Tsushin, Ltd. provides information technology solutions in Japan.

Daiko Denshi Tsushin Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Daiko Denshi Tsushin
Historical stock prices
Current Share PriceJP¥483.00
52 Week HighJP¥554.00
52 Week LowJP¥372.00
Beta1.17
1 Month Change-4.36%
3 Month Change4.77%
1 Year Change-7.12%
3 Year Change-16.58%
5 Year Change49.54%
Change since IPO-75.38%

Recent News & Updates

Shareholder Returns

8023JP ElectronicJP Market
7D-5.7%1.0%1.2%
1Y-7.1%-5.5%-0.2%

Return vs Industry: 8023 underperformed the JP Electronic industry which returned -5.5% over the past year.

Return vs Market: 8023 underperformed the JP Market which returned -0.2% over the past year.

Price Volatility

Is 8023's price volatile compared to industry and market?
8023 volatility
8023 Average Weekly Movement5.3%
Electronic Industry Average Movement4.1%
Market Average Movement3.8%
10% most volatile stocks in JP Market7.8%
10% least volatile stocks in JP Market2.0%

Stable Share Price: 8023 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 8023's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19531,212Koichiro Matsuyamahttps://www.daikodenshi.jp

Daiko Denshi Tsushin, Ltd. provides information technology solutions in Japan. It offers rBOM, a production management system for the manufacturing industry; PROCURESUITE, an indirect materials procurement support system; EdiGate/POST, a cloud-type WEB-EDI service; RetailFocus, an inventory management system for specialty stores; IOT/IOW; AppGuard, a security solution; i-Compass, a cloud-based information distribution solution; and D's Mobile, a mobile leased line service solution, as well as fishing cooperative economic systems. The company was founded in 1953 and is headquartered in Tokyo, Japan.

Daiko Denshi Tsushin Fundamentals Summary

How do Daiko Denshi Tsushin's earnings and revenue compare to its market cap?
8023 fundamental statistics
Market CapJP¥6.35b
Earnings (TTM)JP¥1.26b
Revenue (TTM)JP¥35.14b

5.1x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8023 income statement (TTM)
RevenueJP¥35.14b
Cost of RevenueJP¥26.41b
Gross ProfitJP¥8.73b
Other ExpensesJP¥7.47b
EarningsJP¥1.26b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)95.39
Gross Margin24.84%
Net Profit Margin3.57%
Debt/Equity Ratio32.7%

How did 8023 perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 8023 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 8023?

Other financial metrics that can be useful for relative valuation.

8023 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/Revenue0.02x
Enterprise Value/EBITDA0.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 8023's PE Ratio compare to its peers?

8023 PE Ratio vs Peers
The above table shows the PE ratio for 8023 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.8x
9913 Nippo
6.8xn/aJP¥6.0b
3321 Mitachi
4.1xn/aJP¥6.0b
3323 Recomm
15xn/aJP¥6.0b
7505 Fuso Dentsu
53.2xn/aJP¥7.6b
8023 Daiko Denshi Tsushin
5.1xn/aJP¥6.4b

Price-To-Earnings vs Peers: 8023 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (19.8x).


Price to Earnings Ratio vs Industry

How does 8023's PE Ratio compare vs other companies in the JP Electronic Industry?

Price-To-Earnings vs Industry: 8023 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the JP Electronic industry average (11.9x)


Price to Earnings Ratio vs Fair Ratio

What is 8023'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.

8023 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8023's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 8023 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8023 (¥483) is trading below our estimate of fair value (¥2833.41)

Significantly Below Fair Value: 8023 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: Insufficient data to show price forecast.


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Future Growth

How is Daiko Denshi Tsushin forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.4%

Forecasted Tech industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Daiko Denshi Tsushin has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine whether Daiko Denshi Tsushin is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Daiko Denshi Tsushin 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


-8.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 8023 has high quality earnings.

Growing Profit Margin: 8023 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 8023's earnings have declined by 8.2% per year over the past 5 years.

Accelerating Growth: 8023 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 8023 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (28.6%).


Return on Equity

High ROE: 8023's Return on Equity (14.7%) is considered low.


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Financial Health

How is Daiko Denshi Tsushin'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: 8023's short term assets (¥15.5B) exceed its short term liabilities (¥8.5B).

Long Term Liabilities: 8023's short term assets (¥15.5B) exceed its long term liabilities (¥5.6B).


Debt to Equity History and Analysis

Debt Level: 8023 has more cash than its total debt.

Reducing Debt: 8023's debt to equity ratio has reduced from 104.3% to 32.7% over the past 5 years.

Debt Coverage: 8023's debt is well covered by operating cash flow (80.6%).

Interest Coverage: 8023 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Daiko Denshi Tsushin 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


3.31%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 8023's dividend (3.31%) is higher than the bottom 25% of dividend payers in the JP market (1.63%).

High Dividend: 8023's dividend (3.31%) is low compared to the top 25% of dividend payers in the JP market (3.59%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 8023 has been paying a dividend for less than 10 years.

Growing Dividend: 8023's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.8%), 8023's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (9.5%), 8023's dividend payments are thoroughly covered by cash flows.


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Management

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

3.2yrs

Average management tenure


CEO

Koichiro Matsuyama (57 yo)

6.33yrs

Tenure

Koichiro Matsuyama has been Chief Executive Officer of Daiko Denshi Tsushin, Ltd. since April 2018. Koichiro Matsuyama serves as the President at Daiko Denshi Tsushin Ltd.since June 2016 and has been its...


Leadership Team

Experienced Management: 8023's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: 8023's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Daiko Denshi Tsushin, Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Daiko Denshi Tsushin, Ltd.
  • Ticker: 8023
  • Exchange: TSE
  • Founded: 1953
  • Industry: Technology Distributors
  • Sector: Tech
  • Implied Market Cap: JP¥6.355b
  • Shares outstanding: 13.16m
  • Website: https://www.daikodenshi.jp

Number of Employees


Location

  • Daiko Denshi Tsushin, Ltd.
  • Karukozaka MN Building
  • 2-1, Agebacho
  • Tokyo
  • 162-8565
  • Japan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 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.