OTCPK:CDCT.F

Stock Analysis Report

Executive Summary

GOLDCREST Co., Ltd. engages in the development and sale of new condominiums.

Rewards

PE ratio (8.5x) is below the US market (18.4x)

Earnings grew by 237.3% over the past year

Risk Analysis

Earnings are forecast to decline by an average of -9.5% per year for the next 3 years

Unstable dividend track record



Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

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


Latest Share Price and Events

Information is not available.


Market Performance


7 Day Return

0%

CDCT.F

1.0%

US Real Estate

0.8%

US Market


1 Year Return

n/a

CDCT.F

19.2%

US Real Estate

17.8%

US Market

Return vs Industry: Insufficient data to determine how CDCT.F performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how CDCT.F performed against the US Market.


Shareholder returns

CDCT.FIndustryMarket
7 Day0%1.0%0.8%
30 Day0%3.7%1.8%
90 Dayn/a6.2%4.1%
1 Yearn/a20.2%19.2%20.4%17.8%
3 Yearn/a32.0%28.8%45.9%36.4%
5 Year-2.0%-2.0%17.8%13.9%68.1%49.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is GOLDCREST undervalued compared to its fair value and its price relative to the market?

8.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CDCT.F ($18.81) is trading above our estimate of fair value ($9.63)

Significantly Below Fair Value: CDCT.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CDCT.F is good value based on its PE Ratio (8.5x) compared to the Real Estate industry average (24.8x).

PE vs Market: CDCT.F is good value based on its PE Ratio (8.5x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: CDCT.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CDCT.F is good value based on its PB Ratio (0.7x) compared to the US Real Estate industry average (1.5x).


Next Steps

Future Growth

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

-9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CDCT.F's earnings are forecast to decline over the next 3 years (-9.5% per year).

Earnings vs Market: CDCT.F's earnings are forecast to decline over the next 3 years (-9.5% per year).

High Growth Earnings: CDCT.F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CDCT.F's revenue is expected to decline over the next 3 years (-2.2% per year).

High Growth Revenue: CDCT.F's revenue is forecast to decline over the next 3 years (-2.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CDCT.F's Return on Equity is forecast to be low in 3 years time (3.6%).


Next Steps

Past Performance

How has GOLDCREST performed over the past 5 years?

20.1%

Historical annual earnings growth


Earnings and Revenue History

Information is not available.

Information is not available.


Past Earnings Growth Analysis

Earnings Trend: CDCT.F's earnings have grown significantly by 20.1% per year over the past 5 years.

Accelerating Growth: CDCT.F's earnings growth over the past year (237.3%) exceeds its 5-year average (20.1% per year).

Earnings vs Industry: CDCT.F earnings growth over the past year (237.3%) exceeded the Real Estate industry -25%.


Return on Equity

High ROE: CDCT.F's Return on Equity (7.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is GOLDCREST's financial position?


Financial Position Analysis

Short Term Liabilities: CDCT.F's short term assets (¥156.5B) exceed its short term liabilities (¥26.0B).

Long Term Liabilities: CDCT.F's short term assets (¥156.5B) exceed its long term liabilities (¥46.1B).


Debt to Equity History and Analysis

Debt Level: CDCT.F's debt to equity ratio (39.6%) is considered satisfactory.

Reducing Debt: CDCT.F's debt to equity ratio has reduced from 61.8% to 39.6% over the past 5 years.

Debt Coverage: CDCT.F's debt is well covered by operating cash flow (40%).

Interest Coverage: CDCT.F's interest payments on its debt are well covered by EBIT (43.5x coverage).


Balance Sheet

Inventory Level: CDCT.F has a high level of physical assets or inventory.

Debt Coverage by Assets: CDCT.F's debt is covered by short term assets (assets are 3.3x debt).


Next Steps

Dividend

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

3.10%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Years3.2%

Current dividend yield vs market & industry

Notable Dividend: CDCT.F's dividend (3.1%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: CDCT.F's dividend (3.1%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

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

Growing Dividend: CDCT.F's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.5%), CDCT.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

7.1yrs

Average board tenure


CEO

Hidetoshi Yasukawa (57yo)

27.8yrs

Tenure

0

Hidetoshi Yasukawa has been serving as President and Representative Director in GOLDCREST Co., Ltd., as well as President and Representative Director in a subsidiary, since July 1999. He established the Go ...


Board Age and Tenure

7.1yrs

Average Tenure

68yo

Average Age

Experienced Board: CDCT.F's board of directors are considered experienced (7.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Information is not available.


Management Team

  • Hidetoshi Yasukawa (57yo)

    President & CEO

    • Tenure: 27.8yrs
  • Masaki Ito (48yo)

    Investor Relations Officer

    • Tenure: 6.3yrs

Board Members

  • Hayuru Tsuda

    Director

    • Tenure: 0yrs
  • Hidetoshi Yasukawa (57yo)

    President & CEO

    • Tenure: 27.8yrs
  • Kenichi Onishi (79yo)

    External Auditor

    • Tenure: 13.3yrs
  • Masao Tsumura (65yo)

    External Director

    • Tenure: 7.3yrs
  • Masaki Ito (48yo)

    Investor Relations Officer

    • Tenure: 6.3yrs
  • Taro Sato (72yo)

    External Auditor

    • Tenure: 6.3yrs
  • Akira Onotera (72yo)

    External Standing Corporate Auditor

    • Tenure: 6.9yrs
  • Ei Tsuda (68yo)

    Director

    • Tenure: 0yrs

Company Information

GOLDCREST Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GOLDCREST Co., Ltd.
  • Ticker: CDCT.F
  • Exchange: OTCPK
  • Founded: 1968
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: JP¥79.586b
  • Listing Market Cap: JP¥733.274m
  • Shares outstanding: 35.26m
  • Website: https://www.goldcrest.co.jp

Number of Employees


Location

  • GOLDCREST Co., Ltd.
  • 2-1-1 Otemachi Nomura Building
  • 12th Floor
  • Tokyo
  • 100-0004
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDCT.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1998
8871TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYOct 1998

Biography

GOLDCREST Co., Ltd. engages in the development and sale of new condominiums. It is also involved in the property agency, broking, and consulting services. The company was incorporated in 1968 and is headqu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:51
End of Day Share Price2019/07/25 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.