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Sumitomo Heavy Industries

OTCPK:SOHV.F
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOHV.F
OTCPK
¥450B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. The last earnings update was 40 days ago. More info.


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SOHV.F Share Price and Events
7 Day Returns
0%
OTCPK:SOHV.F
-1.1%
US Machinery
-1.5%
US Market
1 Year Returns
-
OTCPK:SOHV.F
-16%
US Machinery
-4.2%
US Market
SOHV.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sumitomo Heavy Industries (SOHV.F) 0% 0% - - - 647.3%
US Machinery -1.1% -7.3% -16.3% -16% 48.7% 18%
US Market -1.5% -5.2% -11.2% -4.2% 27.3% 35.3%
1 Year Return vs Industry and Market
  • No trading data on SOHV.F.
  • No trading data on SOHV.F.
Price Volatility
SOHV.F
Industry
5yr Volatility vs Market

Value

 Is Sumitomo Heavy Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sumitomo Heavy Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sumitomo Heavy Industries.

OTCPK:SOHV.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SOHV.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.069 (1 + (1- 30.86%) (15.1%))
1.181
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.181 * 7.05%)
11.27%

Discounted Cash Flow Calculation for OTCPK:SOHV.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sumitomo Heavy Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SOHV.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (JPY, Millions) -7,900.00 35,266.67 38,766.67 41,064.32 43,498.15
Source Analyst x1 Analyst x3 Analyst x3 Est @ 5.93% Est @ 5.93%
Present Value
Discounted (@ 11.27%)
-7,099.64 28,482.79 28,137.51 26,785.57 25,498.59
Present value of next 5 years cash flows ¥101,804.82
OTCPK:SOHV.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ¥43,498.15 × (1 + 2.95%) ÷ (11.27% – 2.95%)
¥538,024.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ¥538,024.53 ÷ (1 + 11.27%)5
¥315,389.65
OTCPK:SOHV.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ¥101,804.82 + ¥315,389.65
¥417,194.47
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥417,194.47 / 122.53
¥31.54
OTCPK:SOHV.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SOHV.F represents 0.00926x of TSE:6302
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00926x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,404.86 x 0.00926
$31.54
Value per share (USD) From above. $31.54
Current discount Discount to share price of $34.00
= -1 x ($34.00 - $31.54) / $31.54
-7.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Sumitomo Heavy Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sumitomo Heavy Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sumitomo Heavy Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SOHV.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in JPY ¥295.85
TSE:6302 Share Price ** TSE (2018-09-20) in JPY ¥3670
United States of America Machinery Industry PE Ratio Median Figure of 101 Publicly-Listed Machinery Companies 18.21x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 16.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sumitomo Heavy Industries.

OTCPK:SOHV.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6302 Share Price ÷ EPS (both in JPY)

= 3670 ÷ 295.85

12.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sumitomo Heavy Industries is good value based on earnings compared to the US Machinery industry average.
  • Sumitomo Heavy Industries is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sumitomo Heavy Industries's expected growth come at a high price?
Raw Data
OTCPK:SOHV.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
4.9%per year
United States of America Machinery Industry PEG Ratio Median Figure of 85 Publicly-Listed Machinery Companies 1.21x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

OTCPK:SOHV.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.4x ÷ 4.9%

2.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sumitomo Heavy Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sumitomo Heavy Industries's assets?
Raw Data
OTCPK:SOHV.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in JPY ¥3,580.47
TSE:6302 Share Price * TSE (2018-09-20) in JPY ¥3670
United States of America Machinery Industry PB Ratio Median Figure of 128 Publicly-Listed Machinery Companies 2.28x
United States of America Market PB Ratio Median Figure of 5,082 Publicly-Listed Companies 1.7x
OTCPK:SOHV.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6302 Share Price ÷ Book Value per Share (both in JPY)

= 3670 ÷ 3,580.47

1.03x

* Primary Listing of Sumitomo Heavy Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sumitomo Heavy Industries is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Sumitomo Heavy Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Sumitomo Heavy Industries has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sumitomo Heavy Industries expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sumitomo Heavy Industries expected to grow at an attractive rate?
  • Sumitomo Heavy Industries's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Sumitomo Heavy Industries's earnings growth is positive but not above the United States of America market average.
  • Sumitomo Heavy Industries's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SOHV.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SOHV.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 4.9%
OTCPK:SOHV.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.7%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SOHV.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SOHV.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 945,100 51,000 1
2022-03-31 935,400 51,200 1
2021-03-31 904,433 74,000 49,667 6
2020-03-31 882,300 71,250 46,114 7
2019-03-31 891,175 63,452 45,400 4
OTCPK:SOHV.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-09-30 859,367 77,828 36,253
2018-06-30 826,404 36,925
2018-03-31 791,025 71,111 34,660
2017-12-31 751,370 30,314
2017-09-30 711,819 65,434 40,280
2017-06-30 689,329 37,117
2017-03-31 674,328 38,158 33,613
2016-12-31 688,580 37,840
2016-09-30 696,149 43,858 34,777
2016-06-30 700,441 33,817
2016-03-31 700,838 18,315 33,133
2015-12-31 690,739 21,610

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sumitomo Heavy Industries's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
  • Sumitomo Heavy Industries's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SOHV.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Sumitomo Heavy Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SOHV.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 400.93 461.08 342.80 7.00
2020-03-31 375.82 421.91 329.70 8.00
2019-03-31 369.58 383.60 342.75 8.00
OTCPK:SOHV.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-09-30 295.85
2018-06-30 301.32
2018-03-31 282.83
2017-12-31 247.36
2017-09-30 328.66
2017-06-30 302.85
2017-03-31 274.24
2016-12-31 308.72
2016-09-30 283.72
2016-06-30 275.88
2016-03-31 270.28
2015-12-31 176.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sumitomo Heavy Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sumitomo Heavy Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sumitomo Heavy Industries has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sumitomo Heavy Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sumitomo Heavy Industries's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sumitomo Heavy Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Sumitomo Heavy Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sumitomo Heavy Industries's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.
Earnings and Revenue History
Sumitomo Heavy Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sumitomo Heavy Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SOHV.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 859,367.00 36,253.00 116,800.00 14,805.00
2018-06-30 826,404.00 36,925.00 112,403.00 14,805.00
2018-03-31 791,025.00 34,660.00 108,716.00 14,805.00
2017-12-31 751,370.00 30,314.00 108,962.00 11,276.00
2017-09-30 711,819.00 40,280.00 103,069.00 11,276.00
2017-06-30 689,329.00 37,117.00 101,015.00 11,276.00
2017-03-31 674,328.00 33,613.00 99,068.00 11,276.00
2016-12-31 688,580.00 37,840.00 96,163.00 12,299.00
2016-09-30 696,149.00 34,777.00 98,887.00 12,299.00
2016-06-30 700,441.00 33,817.00 99,687.00 12,299.00
2016-03-31 700,838.00 33,133.00 99,159.00 12,299.00
2015-12-31 690,739.00 21,610.00 98,427.00 11,415.00
2015-09-30 683,287.00 23,527.00 96,340.00 11,415.00
2015-06-30 679,128.00 24,680.00 93,115.00 11,415.00
2015-03-31 667,099.00 24,348.00 91,363.00 11,415.00
2014-12-31 658,052.00 28,539.00 87,765.00 10,718.00
2014-09-30 648,597.00 26,794.00 85,480.00 10,718.00
2014-06-30 635,880.00 21,377.00 86,633.00 10,718.00
2014-03-31 615,271.00 17,891.00 85,342.00 10,718.00
2013-12-31 591,690.00 6,679.00 86,154.00 9,835.00
2013-09-30 565,623.00 -601.00 84,816.00 9,835.00
2013-06-30 559,629.00 1,189.00 80,593.00 9,835.00
2013-03-31 585,871.00 5,865.00 79,439.00 9,835.00
2012-12-31 606,981.00 15,605.00 79,854.00 9,343.00
2012-09-30 623,283.00 20,098.00 79,016.00 9,343.00
2012-06-30 632,507.00 21,304.00 77,802.00 9,343.00
2012-03-31 624,100.00 19,492.00 76,744.00 9,343.00
2011-12-31 614,126.00 26,401.00 83,095.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sumitomo Heavy Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sumitomo Heavy Industries used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Sumitomo Heavy Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sumitomo Heavy Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sumitomo Heavy Industries has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sumitomo Heavy Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sumitomo Heavy Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sumitomo Heavy Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sumitomo Heavy Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sumitomo Heavy Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sumitomo Heavy Industries Company Filings, last reported 2 months ago.

OTCPK:SOHV.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 453,628.00 67,916.00 95,396.00
2018-06-30 443,296.00 68,811.00 77,479.00
2018-03-31 444,964.00 64,181.00 88,233.00
2017-12-31 425,104.00 68,592.00 62,614.00
2017-09-30 423,448.00 49,082.00 63,537.00
2017-06-30 409,100.00 51,311.00 59,528.00
2017-03-31 409,171.00 60,460.00 63,820.00
2016-12-31 374,741.00 54,979.00 43,213.00
2016-09-30 371,996.00 55,193.00 60,616.00
2016-06-30 375,484.00 62,296.00 63,137.00
2016-03-31 382,817.00 68,232.00 70,804.00
2015-12-31 374,116.00 76,118.00 57,237.00
2015-09-30 372,107.00 72,052.00 59,708.00
2015-06-30 364,310.00 80,754.00 78,865.00
2015-03-31 365,101.00 83,644.00 92,423.00
2014-12-31 349,456.00 88,513.00 83,997.00
2014-09-30 334,791.00 90,339.00 81,387.00
2014-06-30 329,721.00 95,628.00 82,435.00
2014-03-31 331,060.00 107,433.00 77,826.00
2013-12-31 314,694.00 108,709.00 54,901.00
2013-09-30 308,823.00 103,014.00 53,102.00
2013-06-30 300,048.00 86,508.00 40,563.00
2013-03-31 292,827.00 98,547.00 47,814.00
2012-12-31 285,552.00 106,507.00 45,743.00
2012-09-30 287,220.00 87,830.00 43,652.00
2012-06-30 287,150.00 87,399.00 54,878.00
2012-03-31 282,146.00 96,522.00 73,373.00
2011-12-31 275,950.00 82,130.00 53,144.00
  • Sumitomo Heavy Industries's level of debt (15%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33.4% vs 15% today).
  • Debt is well covered by operating cash flow (114.6%, greater than 20% of total debt).
  • Sumitomo Heavy Industries earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sumitomo Heavy Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sumitomo Heavy Industries has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sumitomo Heavy Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.72%
Current annual income from Sumitomo Heavy Industries dividends. Estimated to be 3.01% next year.
If you bought $2,000 of Sumitomo Heavy Industries shares you are expected to receive $54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sumitomo Heavy Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).
  • Sumitomo Heavy Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SOHV.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1983 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SOHV.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 118.17 6.00
2020-03-31 108.57 7.00
2019-03-31 104.00 5.00
OTCPK:SOHV.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-11-08 100.000 2.704
2018-10-31 100.000 2.806
2018-06-28 93.000 2.498
2018-05-08 93.000 2.364
2017-07-31 80.000 1.819
2017-06-29 80.000 2.032
2017-05-09 80.000 2.200
2016-06-29 70.000 2.252
2016-05-10 70.000 2.785
2016-02-05 70.000 2.978
2016-01-29 70.000 2.955
2015-11-06 70.000 2.636
2015-10-29 70.000 2.531
2015-06-26 70.000 2.426
2014-10-30 50.000 1.390
2014-06-27 45.000 1.709
2014-05-08 45.000 1.970
2014-01-31 30.000 1.337
2013-11-06 30.000 1.263
2013-10-31 30.000 1.318
2013-07-31 30.000 1.349
2013-05-08 30.000 1.383
2013-01-31 40.000 2.037
2012-07-31 40.000 2.538
2012-05-08 50.000 2.947
2012-02-08 40.000 1.822
2012-01-31 60.000 2.786
2011-11-08 60.000 2.647
2011-11-01 60.000 2.745
2011-07-29 50.000 2.318
2011-06-29 50.000 1.811
2011-05-09 50.000 1.809
2011-01-31 30.000 1.106
2010-11-04 30.000 1.152
2010-07-30 25.000 1.132
2010-06-29 25.000 0.954
2010-06-07 20.000 0.745
2010-05-10 25.000 0.934
2010-01-29 15.000 0.577
2009-11-04 15.000 0.679
2009-08-07 0.000 0.000
2009-08-03 0.000 0.000
2009-06-26 0.000 0.000
2009-05-11 0.000 0.000
2009-02-12 60.000 3.768
2009-01-30 60.000 4.160
2008-12-19 60.000 3.629

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sumitomo Heavy Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sumitomo Heavy Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sumitomo Heavy Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sumitomo Heavy Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sumitomo Heavy Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shunsuke Betsukawa
AGE 64
TENURE AS CEO 5.7 years
CEO Bio

Mr. Shunsuke Betsukawa has been the Chief Executive Officer and President of Sumitomo Heavy Industries, Ltd. since April 2013. He joined Sumitomo Heavy Industries, Ltd. in April 1978. He served as Senior Vice President, General Manager of Finance & Accounting Div. at Sumitomo Heavy Industries, Ltd. since April 2007. He served as General Manager of Corporate Planning & Development Dept. at Sumitomo Heavy Industries, Ltd. since April 2009. He served as Executive Vice President at Sumitomo Heavy Industries, Ltd. since April 2010. Mr. Betsukawa served as Chief Financial Officer and General Manager of Export Administration Department at Sumitomo Heavy Industries Ltd. since April 2011. Mr. Betsukawa served as Executive Vice President and General Manager of Corporate Finance, Accounting & Administration Group at Sumitomo Heavy Industries Ltd. until April 1, 2012. He served as Senior Executive Vice President of Sumitomo Heavy Industries Ltd. since April 01, 2012 until April 2013. Mr. Betsukawa served as Senior Vice President since April 2007 until April 2010 and General Manager of Corporate Planning & Development Dept at Sumitomo Heavy Industries Ltd. He has been a Representative Director of Sumitomo Heavy Industries Ltd. since April 2011 and served as its Director since June 2009. He served as a Director of SEN Corporation, an SHI and Axcelis Company.

CEO Compensation
  • Insufficient data for Shunsuke to compare compensation growth.
  • Insufficient data for Shunsuke to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Sumitomo Heavy Industries management team in years:

5.7
Average Tenure
62
Average Age
  • The average tenure for the Sumitomo Heavy Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shunsuke Betsukawa

TITLE
CEO, President & Representative Director
AGE
64
TENURE
5.7 yrs

Hideo Suzuki

TITLE
Executive VP
AGE
58

Yoshiyuki Tomita

TITLE
Executive VP
AGE
62
TENURE
4.7 yrs

Michiko Watanabe

TITLE
General Manager of Corporate Communications Department

Hiroo Morita

TITLE
Senior VP & GM of Human Resource Group

Tetsuya Okamura

TITLE
Executive VP
AGE
62
TENURE
6.7 yrs

Kazuo Hiraoka

TITLE
Senior VP & GM of Plastics Machinery Division
Board of Directors Tenure

Average tenure and age of the Sumitomo Heavy Industries board of directors in years:

4
Average Tenure
62
Average Age
  • The tenure for the Sumitomo Heavy Industries board of directors is about average.
Board of Directors

Yoshinobu Nakamura

TITLE
Chairman of the Board
AGE
69
TENURE
5.7 yrs

Shunsuke Betsukawa

TITLE
CEO, President & Representative Director
AGE
64
TENURE
9.5 yrs

Hideo Suzuki

TITLE
Executive VP
AGE
58
TENURE
0.5 yrs

Yoshiyuki Tomita

TITLE
Executive VP
AGE
62
TENURE
6.5 yrs

Tetsuya Okamura

TITLE
Executive VP
AGE
62
TENURE
0.5 yrs

Toshiharu Tanaka

TITLE
Executive VP
AGE
59
TENURE
5.5 yrs

Shinji Shimomura

TITLE
Executive VP & Director
AGE
61
TENURE
2.5 yrs

Eiji Kojima

TITLE
Senior VP
AGE
58
TENURE
1.5 yrs

Hideo Kojima

TITLE
External Director
AGE
70
TENURE
3.5 yrs

Susumu Takahashi

TITLE
External Director
AGE
65
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Sumitomo Heavy Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sumitomo Heavy Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Company Info

Map
Description

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Machinery Components segment offers power transmission and control equipment, including drives, compact gear motors, motion control drives, and gearboxes. The company’s Precision Machinery segment provides injection molding machines, transfer molding presses, cryocoolers, cryopumps, precision positioning equipment, laser systems, control systems, motion components, ion implanters, rolls for metal rolling, surface grinding machines, coolant systems, and extrusion coating lines. Its Construction Machinery segment offers hydraulic excavators, road machinery, crawler cranes, and foundation machines. The company’s Industrial Machinery offers cyclotrons for positron emission tomography (PET), PET tracer production systems, proton therapy systems, vacuum coating equipment, forging presses, lifting magnets, steam turbines, process pumps, material handling systems, logistics systems, parking systems, non-destructive inspections, and forklifts. Its Ships segment provides oil tankers. The company’s Environmental Facilities & Plants segment offers circulating fluidized bed boilers, rotary kiln-type recycling facilities, electrostatic precipitators, ash handling systems, evaporation and crystallization facilities, spinning machines, clean room systems, dust collectors, distillation and extraction plants, reactor vessels, mixing vessels, industrial waste water treatment facilities, water and sewage treatment systems, and food and beverage manufacturing facilities. Its Others segment provides IT solutions and security services. The company was founded in 1888 and is headquartered in Tokyo, Japan.

Details
Name: Sumitomo Heavy Industries, Ltd.
SOHV.F
Exchange: OTCPK
Founded: 1888
¥3,980,368,075
122,529,178
Website: http://www.shi.co.jp
Address: Sumitomo Heavy Industries, Ltd.
ThinkPark Tower,
1-1 Osaki 2-chome,
Tokyo,
141-6025,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6302 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SOHV.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB SSM1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK SOHV.Y UNSPONSORED ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
21,017
Sumitomo Heavy Industries employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/18 00:03
End of day share price update: 2018/09/20 00:00
Last estimates confirmation: 2018/12/07
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.