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Daito Trust ConstructionLtd

OTCPK:DIFT.Y
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DIFT.Y
OTCPK
¥1,042B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Daito Trust Construction Co., Ltd. designs and constructs apartments, condominiums, rental office buildings, factories, and warehouses in Japan. The last earnings update was 29 days ago. More info.


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DIFT.Y Share Price and Events
7 Day Returns
7.3%
OTCPK:DIFT.Y
-2.2%
US Real Estate
-2.1%
US Market
1 Year Returns
-20.9%
OTCPK:DIFT.Y
-17.2%
US Real Estate
1.3%
US Market
DIFT.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Daito Trust ConstructionLtd (DIFT.Y) 7.3% -4.1% -8.4% -20.9% -11.9% 19.9%
US Real Estate -2.2% -9.8% -12.3% -17.2% 13.7% -0.3%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • DIFT.Y underperformed the Real Estate industry which returned -17.2% over the past year.
  • DIFT.Y underperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
DIFT.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Daito Trust ConstructionLtd's competitors could be found in our database.

Value

 Is Daito Trust ConstructionLtd 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 Daito Trust ConstructionLtd 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 Daito Trust ConstructionLtd.

OTCPK:DIFT.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 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
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:DIFT.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.106 (1 + (1- 30.86%) (8.92%))
1.117
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.117 * 5.96%)
9.39%

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

The calculations below outline how an intrinsic value for Daito Trust ConstructionLtd 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:DIFT.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 9.39%)
2019 69,680.83 Analyst x6 63,700.91
2020 81,981.77 Analyst x3 68,514.42
2021 81,615.17 Analyst x7 62,354.51
2022 84,700.00 Analyst x4 59,157.89
2023 138,900.00 Analyst x1 88,687.80
2024 157,510.49 Est @ 13.4% 91,939.77
2025 173,573.31 Est @ 10.2% 92,620.95
2026 187,385.50 Est @ 7.96% 91,410.18
2027 199,358.10 Est @ 6.39% 88,904.72
2028 209,907.14 Est @ 5.29% 85,575.70
Present value of next 10 years cash flows ¥792,866.85
OTCPK:DIFT.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥209,907.14 × (1 + 2.73%) ÷ (9.39% – 2.73%)
¥3,239,020.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥3,239,020.37 ÷ (1 + 9.39%)10
¥1,320,495.51
OTCPK:DIFT.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥792,866.85 + ¥1,320,495.51
¥2,113,362.36
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥2,113,362.36 / 72.49
¥29151.9
OTCPK:DIFT.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:DIFT.Y represents 0.00229x of TSE:1878
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00229x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 29,151.90 x 0.00229
$66.63
Value per share (USD) From above. $66.63
Current discount Discount to share price of $32.85
= -1 x ($32.85 - $66.63) / $66.63
50.7%

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

Current Discount
Amount off the current price Daito Trust ConstructionLtd is available for.
Intrinsic value
>50%
Share price is $32.85 vs Future cash flow value of $66.63
Current Discount Checks
For Daito Trust ConstructionLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Daito Trust ConstructionLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Daito Trust ConstructionLtd's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Daito Trust ConstructionLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Daito Trust ConstructionLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:DIFT.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥1,212.19
TSE:1878 Share Price ** TSE (2019-05-24) in JPY ¥14370
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 14.91x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

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

** Primary Listing of Daito Trust ConstructionLtd.

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

= TSE:1878 Share Price ÷ EPS (both in JPY)

= 14370 ÷ 1,212.19

11.85x

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

  • Daito Trust ConstructionLtd is good value based on earnings compared to the US Real Estate industry average.
  • Daito Trust ConstructionLtd is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Daito Trust ConstructionLtd's expected growth come at a high price?
Raw Data
OTCPK:DIFT.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
2.6%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.43x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.85x ÷ 2.6%

4.54x

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

  • Daito Trust ConstructionLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Daito Trust ConstructionLtd's assets?
Raw Data
OTCPK:DIFT.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥4,130.06
TSE:1878 Share Price * TSE (2019-05-24) in JPY ¥14370
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.5x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
OTCPK:DIFT.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:1878 Share Price ÷ Book Value per Share (both in JPY)

= 14370 ÷ 4,130.06

3.48x

* Primary Listing of Daito Trust ConstructionLtd.

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

  • Daito Trust ConstructionLtd is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Daito Trust ConstructionLtd'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Daito Trust ConstructionLtd has a total score of 4/6, 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 Daito Trust ConstructionLtd expected to perform in the next 1 to 3 years based on estimates from 8 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
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Daito Trust ConstructionLtd expected to grow at an attractive rate?
  • Daito Trust ConstructionLtd's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Daito Trust ConstructionLtd's earnings growth is positive but not above the United States of America market average.
  • Daito Trust ConstructionLtd's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:DIFT.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:DIFT.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 2.6%
OTCPK:DIFT.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 3.4%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
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:DIFT.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:DIFT.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,856,600 109,800 100,700 1
2023-03-31 1,856,550 109,500 102,750 2
2022-03-31 1,767,320 106,800 95,520 5
2021-03-31 1,694,613 103,829 91,573 8
2020-03-31 1,644,088 103,433 89,512 8
OTCPK:DIFT.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,591,178 71,982 89,930
2018-12-31 1,573,375 83,226 84,349
2018-09-30 1,574,168 88,087 86,484
2018-06-30 1,559,931 74,976 87,406
2018-03-31 1,557,017 62,559 87,829
2017-12-31 1,550,923 98,225 86,667
2017-09-30 1,540,302 82,345 87,994
2017-06-30 1,528,320 113,019 87,446
2017-03-31 1,497,104 124,097 82,168
2016-12-31 1,467,434 109,922 81,417
2016-09-30 1,453,359 112,028 77,137
2016-06-30 1,422,030 89,069 69,849

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Daito Trust ConstructionLtd's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • Daito Trust ConstructionLtd's revenue is expected to grow by 3.4% 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:DIFT.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Daito Trust ConstructionLtd Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DIFT.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 1,468.90 1,468.90 1,468.90 1.00
2023-03-31 1,510.55 1,607.60 1,413.50 2.00
2022-03-31 1,406.74 1,480.30 1,336.80 6.00
2021-03-31 1,335.21 1,391.40 1,251.71 9.00
2020-03-31 1,291.62 1,339.60 1,218.00 9.00
OTCPK:DIFT.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 1,212.19
2018-12-31 1,131.00
2018-09-30 1,155.64
2018-06-30 1,163.59
2018-03-31 1,165.28
2017-12-31 1,145.14
2017-09-30 1,158.00
2017-06-30 1,146.13
2017-03-31 1,072.63
2016-12-31 1,058.69
2016-09-30 998.48
2016-06-30 900.25

*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.
  • Daito Trust ConstructionLtd is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Daito Trust ConstructionLtd'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.
Daito Trust ConstructionLtd 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 Daito Trust ConstructionLtd 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 Daito Trust ConstructionLtd's growth in the last year to its industry (Real Estate).
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.
  • Daito Trust ConstructionLtd's year on year earnings growth rate has been positive over the past 5 years.
  • Daito Trust ConstructionLtd's 1-year earnings growth is less than its 5-year average (2.4% vs 10.9%)
  • Daito Trust ConstructionLtd's earnings growth has exceeded the US Real Estate industry average in the past year (2.4% vs -15.8%).
Earnings and Revenue History
Daito Trust ConstructionLtd'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 Daito Trust ConstructionLtd Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DIFT.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,591,178.00 89,930.00 169,092.00
2018-12-31 1,573,375.00 84,349.00 175,398.00
2018-09-30 1,574,168.00 86,484.00 173,484.00
2018-06-30 1,559,931.00 87,406.00 170,970.00
2018-03-31 1,557,017.00 87,829.00 170,789.00
2017-12-31 1,550,923.00 86,667.00 170,590.00
2017-09-30 1,540,302.00 87,994.00 168,876.00
2017-06-30 1,528,320.00 87,446.00 168,423.00
2017-03-31 1,497,104.00 82,168.00 165,515.00
2016-12-31 1,467,434.00 81,417.00 159,346.00
2016-09-30 1,453,359.00 77,137.00 158,449.00
2016-06-30 1,422,030.00 69,849.00 155,738.00
2016-03-31 1,411,643.00 67,279.00 153,474.00
2015-12-31 1,411,582.00 65,792.00 147,643.00
2015-09-30 1,391,529.00 61,256.00 147,780.00
2015-06-30 1,373,269.00 58,155.00 147,872.00
2015-03-31 1,353,155.00 56,109.00 147,512.00
2014-12-31 1,335,336.00 59,075.00 148,081.00
2014-09-30 1,311,279.00 59,138.00 145,757.00
2014-06-30 1,288,650.00 57,895.00 144,335.00
2014-03-31 1,259,673.00 55,277.00 143,373.00
2013-12-31 1,248,785.00 63,766.00 135,771.00 1,063.00
2013-09-30 1,213,043.00 59,344.00 134,908.00 1,063.00
2013-06-30 1,194,264.00 59,868.00 134,551.00 1,063.00
2013-03-31 1,152,413.00 51,674.00 134,951.00 1,063.00
2012-12-31 1,136,617.00 49,943.00 136,288.00
2012-09-30 1,117,696.00 45,990.00 136,320.00
2012-06-30 1,106,856.00 47,769.00 134,541.00

*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.
  • Daito Trust ConstructionLtd has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Daito Trust ConstructionLtd used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Daito Trust ConstructionLtd's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Daito Trust ConstructionLtd'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 Real Estate 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.
Daito Trust ConstructionLtd has a total score of 4/6, 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 Daito Trust ConstructionLtd'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 Daito Trust ConstructionLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Daito Trust ConstructionLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Daito Trust ConstructionLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Daito Trust ConstructionLtd'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 5.2x 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 Daito Trust ConstructionLtd Company Filings, last reported 1 month ago.

OTCPK:DIFT.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 302,297.00 92,964.00 201,123.00
2018-12-31 315,600.00 97,072.00 171,329.00
2018-09-30 316,833.00 86,428.00 232,788.00
2018-06-30 295,127.00 92,884.00 193,529.00
2018-03-31 297,039.00 106,607.00 269,599.00
2017-12-31 287,576.00 41,645.00 154,935.00
2017-09-30 296,141.00 45,923.00 214,364.00
2017-06-30 268,714.00 50,165.00 188,150.00
2017-03-31 275,484.00 55,429.00 266,689.00
2016-12-31 269,141.00 58,755.00 169,883.00
2016-09-30 265,196.00 62,997.00 240,175.00
2016-06-30 248,889.00 67,775.00 184,505.00
2016-03-31 248,521.00 72,780.00 243,248.00
2015-12-31 253,015.00 75,526.00 164,364.00
2015-09-30 252,777.00 71,623.00 230,137.00
2015-06-30 239,475.00 75,795.00 199,727.00
2015-03-31 236,794.00 81,247.00 262,552.00
2014-12-31 230,344.00 84,177.00 175,822.00
2014-09-30 226,426.00 88,314.00 233,356.00
2014-06-30 225,156.00 92,486.00 206,849.00
2014-03-31 222,004.00 98,279.00 263,745.00
2013-12-31 213,875.00 71,168.00 159,889.00
2013-09-30 210,916.00 103,274.00 283,356.00
2013-06-30 190,582.00 107,036.00 219,285.00
2013-03-31 186,593.00 112,127.00 274,517.00
2012-12-31 165,837.00 113,487.00 194,303.00
2012-09-30 166,008.00 117,177.00 214,159.00
2012-06-30 148,741.00 120,867.00 171,702.00
  • Daito Trust ConstructionLtd's level of debt (30.8%) 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 (44.2% vs 30.8% today).
  • Debt is well covered by operating cash flow (77.4%, greater than 20% of total debt).
  • Daito Trust ConstructionLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Daito Trust ConstructionLtd'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. Daito Trust ConstructionLtd 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 Daito Trust ConstructionLtd'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
4.29%
Current annual income from Daito Trust ConstructionLtd dividends. Estimated to be 4.61% next year.
If you bought $2,000 of Daito Trust ConstructionLtd shares you are expected to receive $86 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?
  • Daito Trust ConstructionLtd's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Daito Trust ConstructionLtd's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
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:DIFT.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 8 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 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 1.5%
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:DIFT.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 666.45 2.00
2023-03-31 690.97 3.00
2022-03-31 687.67 6.00
2021-03-31 660.75 8.00
2020-03-31 638.33 9.00
OTCPK:DIFT.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-26 616.000 4.513
2018-08-07 595.000 3.892
2018-07-30 595.000 3.283
2018-06-26 595.000 3.262
2018-04-23 595.000 3.254
2018-01-29 559.000 3.049
2017-10-26 559.000 2.637
2017-06-28 559.000 2.901
2017-04-28 559.000 3.230
2017-02-07 576.000 3.646
2017-01-27 576.000 3.646
2016-11-08 576.000 3.359
2016-10-27 576.000 3.299
2016-06-28 477.000 2.917
2016-04-28 477.000 2.969
2015-06-25 399.000 2.908
2015-04-28 399.000 3.020
2015-02-05 412.000 3.034
2015-01-30 412.000 3.207
2014-11-07 370.000 2.729
2014-10-31 412.000 2.956
2014-07-31 391.000 3.058
2014-06-26 371.000 3.094
2014-04-30 371.000 3.390
2014-02-07 340.000 3.483
2014-01-31 342.000 3.620
2013-11-08 342.000 3.525
2013-10-25 342.000 3.432
2013-08-07 341.000 3.563
2013-06-27 330.000 3.635
2013-04-30 341.000 3.674
2013-02-08 318.000 3.816
2013-01-31 318.000 3.688
2012-11-06 318.000 3.888
2012-10-26 318.000 3.931
2012-06-27 318.000 4.099
2012-04-27 318.000 4.524
2012-02-08 298.000 4.137
2012-02-03 298.000 4.325
2011-10-28 298.000 4.366
2011-07-29 297.000 4.224
2011-06-28 288.000 4.023
2011-05-10 288.000 4.293
2011-01-31 197.000 3.075
2010-11-02 197.000 3.607
2010-08-03 197.000 3.918
2010-06-25 197.000 4.059
2010-04-28 197.000 4.118
2010-02-12 184.000 4.064
2010-02-02 184.000 4.120
2009-11-10 184.000 4.323
2009-10-15 184.000 4.825
2009-06-25 184.000 4.326

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 Daito Trust ConstructionLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x 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 Daito Trust ConstructionLtd'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 Daito Trust ConstructionLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Daito Trust ConstructionLtd has a total score of 5/6, 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 Daito Trust ConstructionLtd'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
Katsuma Kobayashi
COMPENSATION ¥128,000,000
AGE 57
TENURE AS CEO 0.3 years
CEO Bio

Mr. Katsuma Kobayashi has been President since 2019 and served as Senior Managing Director of Daito Trust Construction Co. Ltd. since April 2018 until 2019. Mr. Kobayashi serves as General Manager of Construction Business Headquarters at Daito Trust Construction Co. Ltd. Mr. Kobayashi joined Daito Trust Construction Co., Ltd. in February 1986. He served as Managing Director of Daito Trust Construction Co. Ltd. from April 1, 2016 to 2018 and also served as its General Manager of Sales Management Department since April 2011. Mr. Kobayashi served as a Senior Managing Executive Officer of Daito Trust Construction Co. Ltd. and its Senior Managing Director. He served as Managing Executive Officer at Daito Trust Construction Co. Ltd. since April 2012 and its Executive Officer since April 2011 until April 2012. He served as a Director of Daito Trust Construction Co. Ltd. since June 2012 until 2019.

CEO Compensation
  • Katsuma's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Katsuma's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Daito Trust ConstructionLtd management team in years:

3.1
Average Tenure
53
Average Age
  • The tenure for the Daito Trust ConstructionLtd management team is about average.
Management Team

Katsuma Kobayashi

TITLE
President & GM of Construction Business Headquarters
COMPENSATION
¥128M
AGE
57
TENURE
0.3 yrs

Shuji Kawai

TITLE
MD, GM of Corporate Management Headquarters
COMPENSATION
¥118M
AGE
51
TENURE
3.1 yrs

Masayoshi Tanaka

TITLE
Executive Officer

Kei Takeuchi

TITLE
MD & Director
AGE
53
TENURE
0.9 yrs

Shoji Yamada

TITLE
Executive Officer & General Manager of Chu-Shikoku Area Construction Business Department
TENURE
3.1 yrs

Hiromichi Ono

TITLE
Executive Officer

Kazunori Fukuda

TITLE
Executive Officer

Takashi Suzuki

TITLE
Senior Executive Officer & Incharge of Central Japan Construction Business Headquarters
TENURE
1.3 yrs

Shuuichi Ogawa

TITLE
Senior Executive Officer & GM of West Japan Construction Business Headquarters
TENURE
3.1 yrs

Yoshihiro Mori

TITLE
Executive Officer
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Daito Trust ConstructionLtd board of directors in years:

3.9
Average Tenure
55
Average Age
  • The tenure for the Daito Trust ConstructionLtd board of directors is about average.
Board of Directors

Shuji Kawai

TITLE
MD, GM of Corporate Management Headquarters
COMPENSATION
¥118M
AGE
51
TENURE
6.9 yrs

Kei Takeuchi

TITLE
MD & Director
AGE
53
TENURE
4.9 yrs

Kazuhiko Saito

TITLE
GM of East Japan Construction Business Headquarters & Director
AGE
55
TENURE
3.9 yrs

Takeshi Nakagawa

TITLE
GM of Subsidiary Business Headquarters & Director
TENURE
2.9 yrs

Kanitsu Uchida

TITLE
GM of Subsidiary Business Headquarters & Director
AGE
53
TENURE
4.9 yrs

Toshiaki Yamaguchi

TITLE
Lead Independent Outside Director
AGE
58

Naomi Kumakiri

TITLE
Director
COMPENSATION
¥239M
AGE
60
TENURE
2.1 yrs

Fumiaki Nakagami

TITLE
Director & General Manager of Construction Management Department
TENURE
0.9 yrs

Mami Sasaki

TITLE
Outside Director
AGE
57
TENURE
3.9 yrs

Koji Sato

TITLE
Director
TENURE
1.9 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 Daito Trust ConstructionLtd'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. Daito Trust ConstructionLtd 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

Simply Wall St News

Company Info

Description

Daito Trust Construction Co., Ltd. designs and constructs apartments, condominiums, rental office buildings, factories, and warehouses in Japan. The company also provides affiliated loan and short-term loan for construction projects, as well as real estate agency services; publishes a rental apartment information magazine under the Ju-See name; operates Ju-see net, a Website where vacant units can be searched; and supplies steel material for apartment and condominium buildings. In addition, it offers rental housing brokerage services; and building management services, including building maintenance, and rent and contract management, as well as manages day-service centers and provides various services coordinating home care planning and meal services for senior citizens. Further, the company supplies LP gas using bulk storage tank systems; operates and manages a hotel; promotes employment for physical and mental challenged individuals; and cultivates agricultural products. Additionally, it offers sending, shredding, printing office documents, and other miscellaneous clerical work services; trust services to retail real estate owners; and short term insurance products, as well as sells power to rental housings. Daito Trust Construction Co., Ltd. was founded in 1974 and is headquartered in Tokyo, Japan.

Details
Name: Daito Trust Construction Co.,Ltd.
DIFT.Y
Exchange: OTCPK
Founded: 1974
¥9,531,988,369
72,494,851
Website: http://www.kentaku.co.jp
Address: Daito Trust Construction Co.,Ltd.
2-16-1, Konan,
Minato-ku,
Tokyo,
108-8211,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 1878 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK DITT.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB 4D7 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK DIFT.Y SPONSORED ADR Pink Sheets LLC US USD 23. Oct 2008
Number of employees
Current staff
Staff numbers
17,161
Daito Trust ConstructionLtd employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:16
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.