OTCPK:DICC.F

Stock Analysis Report

Executive Summary

DIC Corporation manufactures and sells printing inks, organic pigments, and synthetic resins worldwide.

Snowflake

Fundamentals

Good value with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has DIC's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:DICC.F

-0.05%

US Chemicals

0.2%

US Market


1 Year Return

n/a

OTCPK:DICC.F

-16.1%

US Chemicals

-0.7%

US Market

No trading data on DICC.F.

No trading data on DICC.F.


Share holder returns

DICC.FIndustryMarket
7 Day0%-0.05%0.2%
30 Day0%-4.5%-2.7%
90 Day0%-1.3%1.6%
1 Yearn/a-2.8%-16.1%1.6%-0.7%
3 Yearn/a33.9%9.3%40.0%30.9%
5 Yearn/a29.6%1.3%53.8%36.8%

Price Volatility Vs. Market

How volatile is DIC's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

20%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

DIC's share price is below the future cash flow value, and at a moderate discount (> 20%).

DIC's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

DIC is good value based on earnings compared to the US Chemicals industry average.

DIC is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

DIC is poor value based on expected growth next year.


Price Based on Value of Assets

DIC is good value based on assets compared to the US Chemicals industry average.


Next Steps

Future Growth

How is DIC expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

DIC's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).

DIC's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).

DIC's revenue growth is positive but not above the United States of America market average.

DIC's earnings growth is positive but not above the United States of America market average.

DIC's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

DIC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has DIC performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

DIC's year on year earnings growth rate has been positive over the past 5 years.

DIC's 1-year earnings growth is negative, it can't be compared to the 5-year average.

DIC's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.


Return on Equity

DIC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

DIC used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.


Return on Capital Employed

DIC's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is DIC's financial position?


Financial Position Analysis

DIC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

DIC's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

DIC's level of debt (80.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (136.5% vs 80.8% today).

Debt is not well covered by operating cash flow (19.3%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 53.3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.6x debt.


Next Steps

Dividend

What is DIC's current dividend yield, its reliability and sustainability?

4.08%

Expected Dividend Yield


Dividend Yield and Payments Analysis

DIC's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).

DIC's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).

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

Dividends paid are well covered by earnings (2.7x 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.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Kaoru Ino (61yo)

1.3yrs

Tenure

0

Mr. Kaoru Ino has been President and Chief Executive Officer of DIC Corporation since January 01, 2018. Mr. Ino served as Managing Executive Officer of DIC Corporation since January 7, 2016 and was respons ...


Management Age and Tenure

3.3yrs

Average Tenure

62yo

Average Age

The tenure for the DIC management team is about average.


Board Age and Tenure

2.1yrs

Average Tenure

64yo

Average Age

The average tenure for the DIC board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Masayuki Saito (64yo)

    Executive VP

    • Tenure: 8.8yrs
  • Naoyoshi Furuta (61yo)

    Managing Executive Officer & GM of Production Management Unit

    • Tenure: 1.3yrs
  • Kazunari Sakai (62yo)

    Managing Executive Officer & GM of Technical Management Unit

    • Tenure: 0.0yrs
  • Hideo Ishii (64yo)

    Managing Executive Officer

    • Tenure: 2.1yrs
  • Masami Hatao

    President of Color & Display Business Group

    • Tenure: 0.0yrs
  • Kaoru Ino (61yo)

    President

    • Tenure: 1.3yrs
  • Toshifumi Tamaki

    Managing Executive Officer

    • Tenure: 1.3yrs
  • Taihei Mukose

    Executive Officer and Head of Purchasing & Logistics & Information Systems Unit

    • Tenure: 0.0yrs
  • Masaaki Nakagawa

    General Manager of Corporate Communications Department

    • Tenure: 0.0yrs
  • Shuji Furuta

    Executive Officer and Head of Finance & Accounting Unit

    • Tenure: 0.0yrs

Board Members

  • Masayuki Saito (64yo)

    Executive VP

    • Tenure: 8.8yrs
  • Yoshihisa Kawamura (58yo)

    Director

    • Tenure: 11.8yrs
  • Kazuo Tsukahara (68yo)

    Outside Independent Director

    • Tenure: 2.1yrs
  • Yoshiyuki Nakanishi (64yo)

    Chairman

    • Tenure: 1.3yrs
  • Yoshiyuki Mase (71yo)

    Corporate Auditor

    • Tenure: 0.0yrs
  • Hideo Ishii (64yo)

    Managing Executive Officer

    • Tenure: 2.1yrs
  • Kaoru Ino (61yo)

    President

    • Tenure: 1.3yrs
  • Toshifumi Tamaki

    Managing Executive Officer

    • Tenure: 1.3yrs
  • Yoshiaki Tamura

    Outside Director

    • Tenure: 1.3yrs
  • Kuniko Shoji

    Outside Director

    • Tenure: 0.0yrs

Company Information

DIC Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DIC Corporation
  • Ticker: DICC.F
  • Exchange: OTCPK
  • Founded: 1908
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: JP¥314.696b
  • Listing Market Cap: JP¥2.812b
  • Shares outstanding: 94.65m
  • Website: https://www.dic-global.com

Number of Employees


Location

  • DIC Corporation
  • DIC Building
  • 7-20, Nihonbashi 3-chome
  • Tokyo
  • 103-8233
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4631TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
DICC.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
DPNDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

DIC Corporation manufactures and sells printing inks, organic pigments, and synthetic resins worldwide. The company operates through five segments: Printing Inks, Fine Chemicals, Polymers, Compounds, and A ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/04/24 00:22
End of Day Share Price2019/01/24 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.