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Dentsu

OTCPK:DNTU.Y
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DNTU.Y
OTCPK
¥1,333B
Market Cap
  1. Home
  2. US
  3. Media
Company description

Dentsu Inc. provides advertising services in Japan and internationally. The last earnings update was 35 days ago. More info.


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DNTU.Y Share Price and Events
7 Day Returns
1.3%
OTCPK:DNTU.Y
0.9%
US Media
1.2%
US Market
1 Year Returns
-
OTCPK:DNTU.Y
7.2%
US Media
3%
US Market
DNTU.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dentsu (DNTU.Y) 1.3% -4.8% - - - -
US Media 0.9% 2.7% 15.9% 7.2% 12.3% 7.5%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • No trading data on DNTU.Y.
  • No trading data on DNTU.Y.
Price Volatility
DNTU.Y
Industry
5yr Volatility vs Market

DNTU.Y Value

 Is Dentsu 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 Dentsu 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 Dentsu.

OTCPK:DNTU.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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:DNTU.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.813 (1 + (1- 30.86%) (40.41%))
1.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.027 * 5.96%)
8.85%

Discounted Cash Flow Calculation for OTCPK:DNTU.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dentsu is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:DNTU.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.85%)
2019 52,135.43 Analyst x7 47,896.57
2020 80,740.00 Analyst x9 68,144.63
2021 79,056.00 Analyst x5 61,298.41
2022 83,355.25 Analyst x4 59,377.07
2023 90,808.50 Analyst x4 59,426.99
2024 94,181.02 Est @ 3.71% 56,622.90
2025 97,400.80 Est @ 3.42% 53,797.58
2026 100,529.42 Est @ 3.21% 51,011.11
2027 103,613.13 Est @ 3.07% 48,301.19
2028 106,686.53 Est @ 2.97% 45,690.31
Present value of next 10 years cash flows ¥551,566.77
OTCPK:DNTU.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥106,686.53 × (1 + 2.73%) ÷ (8.85% – 2.73%)
¥1,790,826.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥1,790,826.24 ÷ (1 + 8.85%)10
¥766,951.64
OTCPK:DNTU.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥551,566.77 + ¥766,951.64
¥1,318,518.42
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥1,318,518.42 / 281.90
¥4677.31
OTCPK:DNTU.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:DNTU.Y represents 0.00888x of TSE:4324
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00888x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,677.31 x 0.00888
$41.53
Value per share (USD) From above. $41.53
Current discount Discount to share price of $42.00
= -1 x ($42.00 - $41.53) / $41.53
-1.1%

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

  • The current share price of Dentsu 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 Dentsu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dentsu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:DNTU.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥320.39
TSE:4324 Share Price ** TSE (2019-03-20) in JPY ¥4730
United States of America Media Industry PE Ratio Median Figure of 39 Publicly-Listed Media Companies 16.21x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Dentsu.

OTCPK:DNTU.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:4324 Share Price ÷ EPS (both in JPY)

= 4730 ÷ 320.39

14.76x

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

  • Dentsu is good value based on earnings compared to the US Media industry average.
  • Dentsu is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Dentsu's expected growth come at a high price?
Raw Data
OTCPK:DNTU.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
5.2%per year
United States of America Media Industry PEG Ratio Median Figure of 28 Publicly-Listed Media Companies 1.51x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

OTCPK:DNTU.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.76x ÷ 5.2%

2.86x

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

  • Dentsu is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dentsu's assets?
Raw Data
OTCPK:DNTU.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥3,716.32
TSE:4324 Share Price * TSE (2019-03-20) in JPY ¥4730
United States of America Media Industry PB Ratio Median Figure of 71 Publicly-Listed Media Companies 1.77x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
OTCPK:DNTU.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4324 Share Price ÷ Book Value per Share (both in JPY)

= 4730 ÷ 3,716.32

1.27x

* Primary Listing of Dentsu.

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

  • Dentsu is good value based on assets compared to the US Media industry average.
X
Value checks
We assess Dentsu'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Dentsu 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.

DNTU.Y Future Performance

 How is Dentsu expected to perform in the next 1 to 3 years based on estimates from 13 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
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dentsu expected to grow at an attractive rate?
  • Dentsu's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Dentsu's earnings growth is positive but not above the United States of America market average.
  • Dentsu's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:DNTU.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:DNTU.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 5.2%
OTCPK:DNTU.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 5.4%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 19.4%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:DNTU.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:DNTU.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,331,125 148,067 114,400 4
2022-12-31 1,267,475 140,700 104,175 4
2021-12-31 1,207,155 147,519 88,667 7
2020-12-31 1,150,387 139,253 85,541 13
2019-12-31 1,071,213 117,638 70,691 12
OTCPK:DNTU.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,018,512 133,049 90,316
2018-09-30 996,866 143,145 119,165
2018-06-30 971,010 150,290 85,552
2018-03-31 941,135 140,043 98,323
2017-12-31 928,841 141,557 105,478
2017-09-30 907,224 83,237 77,085
2017-06-30 884,677 94,425 78,428
2017-03-31 868,630 91,246 84,229
2016-12-31 838,359 143,585 83,501

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dentsu's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • Dentsu's revenue is expected to grow by 5.4% 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:DNTU.Y 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 13 Analyst Estimates (S&P Global) See Below

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

OTCPK:DNTU.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 357.47 404.40 276.00 3.00
2022-12-31 331.47 379.60 265.00 3.00
2021-12-31 314.73 418.60 253.64 7.00
2020-12-31 302.62 412.50 246.50 13.00
2019-12-31 250.22 301.53 217.57 11.00
OTCPK:DNTU.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 320.39
2018-09-30 422.73
2018-06-30 303.49
2018-03-31 348.68
2017-12-31 373.11
2017-09-30 271.89
2017-06-30 275.84
2017-03-31 295.50
2016-12-31 292.84

*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.
  • Dentsu is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Dentsu'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.
Dentsu 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.

DNTU.Y Past Performance

  How has Dentsu 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 Dentsu's growth in the last year to its industry (Media).
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.
  • Dentsu's year on year earnings growth rate has been positive over the past 5 years.
  • Dentsu's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Dentsu's 1-year earnings growth is negative, it can't be compared to the US Media industry average.
Earnings and Revenue History
Dentsu'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 Dentsu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DNTU.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,018,512.00 90,316.00 820,058.00
2018-09-30 996,866.00 119,165.00 749,250.00 1,134.00
2018-06-30 971,010.00 85,552.00 733,713.00 1,134.00
2018-03-31 941,135.00 98,323.00 716,574.00 1,134.00
2017-12-31 928,841.00 105,478.00 697,606.00 1,134.00
2017-09-30 907,224.00 77,085.00 699,402.00 936.00
2017-06-30 884,677.00 78,428.00 669,842.00 936.00
2017-03-31 868,630.00 84,229.00 642,577.00 936.00
2016-12-31 838,359.00 83,501.00 615,373.00 936.00
2015-12-31 941,958.43 96,870.64 702,398.49 794.67
2015-09-30 -34,305.00 103,078.00 591,252.00 938.00
2015-06-30 362,397.00 87,419.00 563,577.00 938.00
2015-03-31 728,626.00 79,846.00 534,897.00 938.00
2014-12-31 2,390,467.00 43,725.00 504,648.00
2014-09-30 2,363,877.00 31,488.00 492,906.00
2014-06-30 2,333,386.00 41,763.00 475,894.00
2014-03-31 2,309,359.00 38,800.00 466,288.00
2013-12-31 2,191,513.00 37,091.00 411,151.00
2013-09-30 2,102,547.00 37,121.00 362,385.00
2013-06-30 2,007,983.00 26,752.00 319,681.00
2013-03-31 1,941,223.00 36,336.00 273,752.00
2012-12-31 1,947,910.00 36,238.00 274,027.00
2012-09-30 1,950,751.00 30,919.00 272,919.00
2012-06-30 1,938,393.00 34,151.00 269,860.00
2012-03-31 1,893,055.00 29,573.00 266,650.00

*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.
  • Dentsu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dentsu used its assets less efficiently than the US Media industry average last year based on Return on Assets.
  • Dentsu's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dentsu'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 Media 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.
Dentsu has a total score of 1/6, 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.

DNTU.Y Health

 How is Dentsu'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 Dentsu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dentsu is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dentsu's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dentsu'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.6x 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 Dentsu Company Filings, last reported 2 months ago.

OTCPK:DNTU.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,110,748.00 538,859.00 416,668.00
2018-09-30 1,199,548.00 487,158.00 250,391.00
2018-06-30 1,118,467.00 420,632.00 210,723.00
2018-03-31 1,120,467.00 455,137.00 229,700.00
2017-12-31 1,150,134.00 460,512.00 305,760.00
2017-09-30 1,051,255.00 476,170.00 169,461.00
2017-06-30 1,004,385.00 451,441.00 244,500.00
2017-03-31 983,873.00 472,267.00 227,749.00
2016-12-31 981,960.00 403,598.00 242,410.00
2015-12-31 1,102,742.00 353,782.00 263,322.00
2015-09-30 1,117,701.00 372,159.00 253,632.00
2015-06-30 1,058,638.00 386,288.00 263,206.00
2015-03-31 1,111,063.00 409,617.00 365,379.00
2014-12-31 980,025.00 295,638.00 188,433.00
2014-09-30 888,388.00 298,290.00 221,198.00
2014-06-30 888,169.00 349,149.00 206,106.00
2014-03-31 908,494.00 342,500.00 228,641.00
2013-12-31 844,774.00 344,353.00 134,505.00
2013-09-30 816,488.00 350,145.00 174,583.00
2013-06-30 652,483.00 498,716.00 186,871.00
2013-03-31 608,636.00 215,849.00 208,472.00
2012-12-31 592,759.00 33,359.00 61,113.00
2012-09-30 561,960.00 35,665.00 80,704.00
2012-06-30 558,373.00 56,801.00 183,861.00
2012-03-31 556,889.00 87,528.00 176,964.00
  • Dentsu's level of debt (48.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.7% vs 48.5% today).
  • Debt is well covered by operating cash flow (24.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
X
Financial health checks
We assess Dentsu'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. Dentsu has a total score of 4/6, 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.

DNTU.Y Dividends

 What is Dentsu'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
2.01%
Current annual income from Dentsu dividends. Estimated to be 2.12% next year.
If you bought $2,000 of Dentsu shares you are expected to receive $40 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?
  • Dentsu's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Dentsu's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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:DNTU.Y 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 13 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:DNTU.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 106.67 3.00
2022-12-31 103.33 3.00
2021-12-31 102.14 7.00
2020-12-31 100.00 13.00
2019-12-31 96.00 10.00
OTCPK:DNTU.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-14 95.000 2.015
2018-11-14 90.000 1.787
2018-08-20 90.000 1.697
2018-03-29 90.000 1.786
2018-02-13 90.000 1.902
2017-08-09 90.000 1.853
2017-03-30 90.000 1.589
2017-02-14 90.000 1.471
2016-11-14 80.000 1.494
2016-08-12 80.000 1.513
2016-03-30 80.000 1.531
2016-03-08 80.000 1.433
2015-11-11 70.000 1.130
2015-06-26 70.000 1.078
2015-05-14 70.000 1.132
2015-02-12 40.000 0.745
2014-11-12 40.000 0.846
2014-06-27 34.000 0.833
2014-05-13 34.000 0.831
2014-03-10 32.000 0.802
2014-02-13 32.000 0.824
2013-11-13 32.000 0.776
2013-06-27 32.000 0.925
2013-06-14 32.000 0.960
2013-02-13 32.000 1.026
2013-02-08 32.000 1.173
2012-11-08 32.000 1.466
2012-05-14 32.000 1.554
2012-02-14 30.000 1.194
2011-11-14 30.000 1.271
2011-11-09 30.000 1.321
2011-06-29 30.000 1.257
2011-05-12 30.000 1.392
2011-02-10 29.000 1.273
2010-11-10 29.000 1.187
2010-05-17 27.000 1.268
2010-02-15 25.000 1.037
2010-02-10 25.000 1.210
2009-11-10 25.000 1.218
2009-05-11 25.000 1.264
2009-03-23 40.000 2.365

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Dentsu's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x 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 Dentsu's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Dentsu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dentsu has a total score of 4/6, see the detailed checks below.


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

DNTU.Y Management

 What is the CEO of Dentsu'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
Toshihiro Yamamoto
AGE 60
TENURE AS CEO 2.2 years
CEO Bio

Mr. Toshihiro Yamamoto has been the Chief Executive Officer and President of Dentsu Inc. at Dentsu Aegis Network Ltd. since January 23, 2017 and serves as its Representative Director. Mr. Yamamoto served as President and Chief Executive Officer at Dentsu Digital Holdings. Mr. Yamamoto served as Senior Vice President of Dentsu Inc. since January 1, 2016 until January 23, 2017 and served as its Executive Officer since April 2011. Mr. Yamamoto served as Manager of Sales, Account and Planning Division at Dentsu, Inc. since October 2001 and served as its Assistant Manager of Sales, Account and Planning Division since January 2004; Manager of Account Direction Office, Sales, Account and Planning Division since April 2007; Executive Project Manager of Communications Design Center since July 2008 and Central Manager of Communications Design Center since April 2009. He served as Central Manager of Communications Design Center and Head of MC Planning, Dentsu, Inc. since April 2010. He served as an External Director of Wowow Inc. since June 2013 and currently serves as Director at CAL Co., Ltd. and BS Fuji, Inc. since June 2013. He has been a Director of Dentsu Digital Holdings Inc. since January 2010. He served as a Director of Dentsu Inc. until March 30, 2016.

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

Average tenure of the Dentsu management team in years:

2.2
Average Tenure
  • The tenure for the Dentsu management team is about average.
Management Team

Tim Andree

TITLE
Executive Officer & Director
COMPENSATION
¥624M
TENURE
11.2 yrs

Toshihiro Yamamoto

TITLE
President
AGE
60
TENURE
2.2 yrs

Arinobu Soga

TITLE
MD of Finance & Accounting

Masa Okuzono

TITLE
Investor Relations Officer

Shusaku Kannan

TITLE
Managing Director of Corporate Communications Division

S. Lee

TITLE
Chief Executive Director of Dentsu Malaysia and Executive Creative Director of Dentsu Malaysia
TENURE
13.6 yrs

Yuya Furukawa

TITLE
Head of Communication Design Center and Executive Creative Director

Akira Ando

TITLE
MD of Business Management Division & Executive Officer
TENURE
2.2 yrs

Tetsuji Hirose

TITLE
MD of Strategic Planning Division & Executive Officer
TENURE
2.2 yrs

Hiroshi Igarashi

TITLE
MD of Account Management Division 5
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Dentsu board of directors in years:

4.4
Average Tenure
61.5
Average Age
  • The tenure for the Dentsu board of directors is about average.
Board of Directors

Kazuhide Ishii

TITLE
Vice Chairman of Dentsu Malaysia
TENURE
13.6 yrs

Tim Andree

TITLE
Executive Officer & Director
COMPENSATION
¥624M
TENURE
5.8 yrs

Toshihiro Yamamoto

TITLE
President
AGE
60

Arinobu Soga

TITLE
MD of Finance & Accounting

Hiroshi Igarashi

TITLE
MD of Account Management Division 5

Yoshio Takada

TITLE
Executive Officer
AGE
63
TENURE
5.8 yrs

Nobuyuki Tohya

TITLE
Executive Officer

Atsuko Toyama

TITLE
Independent Outside Director
TENURE
3 yrs

Toshiaki Hasegawa

TITLE
Independent Outside Director
AGE
70
TENURE
3 yrs

Ken Koga

TITLE
Independent Outside Director
AGE
57
TENURE
3 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 Dentsu'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. Dentsu 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.

DNTU.Y News

Simply Wall St News

DNTU.Y Company Info

Description

Dentsu Inc. provides advertising services in Japan and internationally. The company offers advertising through media, including newspapers, magazines, radio, television, Internet, sales promotion, movies, out-of-home, public transportation, and others; and event marketing, creative services, marketing, public relations, contents services, and other services to its clients. It also provides information services and information-related products, including information systems building and software sales and support; and other services, such as office rental, building maintenance, and computation fiduciary services. In addition, Dentsu Inc. engages in the consulting, development and implementation, and management and operation of digital marketing domains; and provision of environment-related consulting, building management, and real estate and business consulting services. The company offers services through its network brands comprising Carat, Dentsu, dentsu X, iProspect, Isobar, Merkle, mcgarrybowen, MKTG, Posterscope, and Vizeum, as well as specialist/multimarket brands, such as Amnet, Amplifi, Data2Decisions, Mitchell, and 360i. Dentsu Inc. was founded in 1901 and is headquartered in Tokyo, Japan.

Details
Name: Dentsu Inc.
DNTU.Y
Exchange: OTCPK
Founded: 1901
¥11,966,530,302
281,896,541
Website: http://www.dentsu.com
Address: Dentsu Inc.
1-8-1, Higashi-shimbashi,
Minato-ku,
Tokyo,
105-7001,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4324 Common Stock The Tokyo Stock Exchange JP JPY 30. Nov 2001
OTCPK DNTU.F Common Stock Pink Sheets LLC US USD 30. Nov 2001
DB DEN Common Stock Deutsche Boerse AG DE EUR 30. Nov 2001
OTCPK DNTU.Y UNSPONSOD ADR Pink Sheets LLC US USD 06. May 2008
Number of employees
Current staff
Staff numbers
60,064
Dentsu employees.
Industry
Advertising
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:17
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.