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Sumitomo Realty & Development

OTCPK:SURD.F
Snowflake Description

Acceptable track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SURD.F
OTCPK
¥1,970B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Sumitomo Realty & Development Co., Ltd. engages in the real estate business in Japan. The last earnings update was 10 days ago. More info.


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SURD.F Share Price and Events
7 Day Returns
0%
OTCPK:SURD.F
-0.4%
US Real Estate
-1.4%
US Market
1 Year Returns
-
OTCPK:SURD.F
-15.8%
US Real Estate
1.6%
US Market
SURD.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sumitomo Realty & Development (SURD.F) 0% 3% 3% - 40% -10.5%
US Real Estate -0.4% -8.9% -10.6% -15.8% 14.9% 0.8%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • No trading data on SURD.F.
  • No trading data on SURD.F.
Price Volatility
SURD.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sumitomo Realty & Development's competitors could be found in our database.

SURD.F Value

 Is Sumitomo Realty & Development 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 Realty & Development 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 Realty & Development.

OTCPK:SURD.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 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.3%
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:SURD.F
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))
= 1.111 (1 + (1- 30.86%) (169.67%))
1.948
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.948 * 5.96%)
14.34%

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

The calculations below outline how an intrinsic value for Sumitomo Realty & Development 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:SURD.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 14.34%)
2019 42,658.48 Analyst x6 37,309.27
2020 20,836.57 Analyst x3 15,938.55
2021 34,100.58 Analyst x5 22,813.71
2022 6,439.00 Analyst x1 3,767.59
2023 5,495.57 Est @ -14.65% 2,812.35
2024 4,976.94 Est @ -9.44% 2,227.56
2025 4,688.92 Est @ -5.79% 1,835.49
2026 4,537.37 Est @ -3.23% 1,553.44
2027 4,471.88 Est @ -1.44% 1,339.04
2028 4,463.32 Est @ -0.19% 1,168.89
Present value of next 10 years cash flows ¥90,765.90
OTCPK:SURD.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥4,463.32 × (1 + 2.73%) ÷ (14.34% – 2.73%)
¥39,501.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥39,501.86 ÷ (1 + 14.34%)10
¥10,345.02
OTCPK:SURD.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥90,765.90 + ¥10,345.02
¥101,110.93
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥101,110.93 / 473.94
¥213.34
OTCPK:SURD.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SURD.F represents 0.00924x of TSE:8830
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00924x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 213.34 x 0.00924
$1.97
Value per share (USD) From above. $1.97
Current discount Discount to share price of $38.43
= -1 x ($38.43 - $1.97) / $1.97
-1848.5%

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

  • The current share price of Sumitomo Realty & Development 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 Realty & Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sumitomo Realty & Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SURD.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥276.02
TSE:8830 Share Price ** TSE (2019-05-16) in JPY ¥4157
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.15x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

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

** Primary Listing of Sumitomo Realty & Development.

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

= TSE:8830 Share Price ÷ EPS (both in JPY)

= 4157 ÷ 276.02

15.06x

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

  • Sumitomo Realty & Development is good value based on earnings compared to the US Real Estate industry average.
  • Sumitomo Realty & Development is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sumitomo Realty & Development's expected growth come at a high price?
Raw Data
OTCPK:SURD.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
5.3%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.06x ÷ 5.3%

2.82x

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

  • Sumitomo Realty & Development is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sumitomo Realty & Development's assets?
Raw Data
OTCPK:SURD.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥2,549.09
TSE:8830 Share Price * TSE (2019-05-16) in JPY ¥4157
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
OTCPK:SURD.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8830 Share Price ÷ Book Value per Share (both in JPY)

= 4157 ÷ 2,549.09

1.63x

* Primary Listing of Sumitomo Realty & Development.

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

  • Sumitomo Realty & Development is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Sumitomo Realty & Development'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. Sumitomo Realty & Development has a total score of 2/6, 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.

SURD.F Future Performance

 How is Sumitomo Realty & Development expected to perform in the next 1 to 3 years based on estimates from 14 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
5.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sumitomo Realty & Development expected to grow at an attractive rate?
  • Sumitomo Realty & Development's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Sumitomo Realty & Development's earnings growth is positive but not above the United States of America market average.
  • Sumitomo Realty & Development's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SURD.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SURD.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 5.3%
OTCPK:SURD.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 1.5%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
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:SURD.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SURD.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,091,172 209,737 163,653 2
2022-03-31 1,055,743 206,459 153,767 6
2021-03-31 1,029,144 203,097 147,451 13
2020-03-31 1,011,483 209,359 140,530 14
OTCPK:SURD.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,013,229 260,057 130,817
2018-12-31 1,002,915 110,399
2018-09-30 996,056 271,911 125,558
2018-06-30 985,722 125,543
2018-03-31 948,402 189,933 119,731
2017-12-31 953,342 123,765
2017-09-30 948,595 194,192 118,314
2017-06-30 929,504 113,123
2017-03-31 925,151 158,507 103,488
2016-12-31 977,092 103,022
2016-09-30 963,247 171,335 99,825
2016-06-30 945,336 97,230

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sumitomo Realty & Development's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
  • Sumitomo Realty & Development's revenue is expected to grow by 1.5% 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:SURD.F 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 14 Analyst Estimates (S&P Global) See Below

All data from Sumitomo Realty & Development Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SURD.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 345.30 349.40 341.20 2.00
2022-03-31 324.44 341.80 306.38 6.00
2021-03-31 309.32 326.10 286.95 14.00
2020-03-31 296.56 307.91 286.32 14.00
OTCPK:SURD.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 276.02
2018-12-31 232.94
2018-09-30 264.92
2018-06-30 264.89
2018-03-31 252.62
2017-12-31 261.13
2017-09-30 249.63
2017-06-30 238.67
2017-03-31 218.34
2016-12-31 217.35
2016-09-30 210.61
2016-06-30 205.13

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

SURD.F Past Performance

  How has Sumitomo Realty & Development 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 Realty & Development'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.
  • Sumitomo Realty & Development's year on year earnings growth rate has been positive over the past 5 years.
  • Sumitomo Realty & Development's 1-year earnings growth is less than its 5-year average (9.3% vs 13.3%)
  • Sumitomo Realty & Development's earnings growth has exceeded the US Real Estate industry average in the past year (9.3% vs -15.8%).
Earnings and Revenue History
Sumitomo Realty & Development'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 Realty & Development Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SURD.F 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 1,013,229.00 130,817.00 81,758.00
2018-12-31 1,002,915.00 110,399.00 83,728.00
2018-09-30 996,056.00 125,558.00 83,493.00
2018-06-30 985,722.00 125,543.00 82,509.00
2018-03-31 948,402.00 119,731.00 78,749.00
2017-12-31 953,342.00 123,765.00 77,362.00
2017-09-30 948,595.00 118,314.00 74,956.00
2017-06-30 929,504.00 113,123.00 74,122.00
2017-03-31 925,151.00 103,488.00 72,796.00
2016-12-31 977,092.00 103,022.00 74,091.00
2016-09-30 963,247.00 99,825.00 72,067.00
2016-06-30 945,336.00 97,230.00 69,921.00
2016-03-31 854,964.00 87,798.00 66,532.00
2015-12-31 840,543.00 94,384.00 64,149.00
2015-09-30 821,938.00 89,805.00 62,831.00
2015-06-30 794,560.00 81,727.00 60,179.00
2015-03-31 806,835.00 80,567.00 60,976.00
2014-12-31 724,326.00 65,862.00 58,671.00
2014-09-30 735,068.00 65,744.00 59,421.00
2014-06-30 763,029.00 70,050.00 60,590.00
2014-03-31 780,273.00 69,697.00 60,815.00
2013-12-31 807,572.00 72,317.00 58,683.00
2013-09-30 814,018.00 75,332.00 58,133.00
2013-06-30 794,971.00 70,667.00 57,271.00
2013-03-31 736,652.00 59,825.00 55,394.00
2012-12-31 699,884.00 64,795.00 52,771.00
2012-09-30 695,187.00 56,291.00 51,930.00
2012-06-30 679,738.00 52,296.00 51,573.00

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

SURD.F Health

 How is Sumitomo Realty & Development'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 Realty & Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sumitomo Realty & Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sumitomo Realty & Development's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sumitomo Realty & Development'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 not covered by short term assets, assets are 0.3x 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 Realty & Development Company Filings, last reported 1 month ago.

OTCPK:SURD.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,208,115.00 3,342,786.00 172,191.00
2018-12-31 1,162,376.00 3,317,188.00 147,521.00
2018-09-30 1,200,511.00 3,376,207.00 241,291.00
2018-06-30 1,162,733.00 3,454,359.00 271,538.00
2018-03-31 1,114,974.00 3,473,511.00 263,209.00
2017-12-31 1,133,920.00 3,391,257.00 200,619.00
2017-09-30 1,078,789.00 3,429,734.00 263,471.00
2017-06-30 1,031,250.00 3,402,136.00 233,252.00
2017-03-31 1,039,102.00 3,370,474.00 269,312.00
2016-12-31 1,021,842.00 3,277,941.00 131,730.00
2016-09-30 966,222.00 3,275,728.00 265,168.00
2016-06-30 930,717.00 3,201,401.00 206,195.00
2016-03-31 917,277.00 3,158,901.00 187,234.00
2015-12-31 924,197.00 3,131,811.00 100,687.00
2015-09-30 884,932.00 3,141,452.00 126,640.00
2015-06-30 888,416.00 3,074,378.00 134,497.00
2015-03-31 859,539.00 3,027,028.00 151,367.00
2014-12-31 819,784.00 2,992,468.00 112,868.00
2014-09-30 791,701.00 2,992,160.00 173,438.00
2014-06-30 766,459.00 2,840,309.00 67,988.00
2014-03-31 732,532.00 2,800,197.00 147,267.00
2013-12-31 734,088.00 2,732,630.00 78,219.00
2013-09-30 707,663.00 2,738,694.00 105,788.00
2013-06-30 676,475.00 2,705,254.00 104,194.00
2013-03-31
2012-12-31 620,844.00 2,624,875.00 124,672.00
2012-09-30 593,400.00 2,596,513.00 121,419.00
2012-06-30 586,017.00 2,679,109.00 233,556.00
  • Sumitomo Realty & Development's level of debt (276.7%) 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 (382.1% vs 276.7% today).
  • Debt is not well covered by operating cash flow (7.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.8x coverage).
X
Financial health checks
We assess Sumitomo Realty & Development'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 Realty & Development has a total score of 3/6, 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.

SURD.F Dividends

 What is Sumitomo Realty & Development'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
0.77%
Current annual income from Sumitomo Realty & Development dividends. Estimated to be 0.8% next year.
If you bought $2,000 of Sumitomo Realty & Development shares you are expected to receive $15 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 Realty & Development's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Sumitomo Realty & Development's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
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:SURD.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 14 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 2007 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:SURD.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 36.50 2.00
2022-03-31 34.50 6.00
2021-03-31 34.08 13.00
2020-03-31 31.38 13.00
OTCPK:SURD.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-16 32.000 0.774
2019-02-14 30.000 0.703
2019-02-13 30.000 0.732
2018-11-14 30.000 0.725
2018-11-13 30.000 0.733
2018-06-29 29.000 0.734
2018-05-10 29.000 0.688
2018-02-14 26.000 0.655
2017-11-14 26.000 0.670
2017-06-30 26.000 0.754
2017-05-11 26.000 0.774
2017-02-13 24.000 0.788
2017-02-09 24.000 0.747
2016-11-14 22.000 0.705
2016-08-25 23.000 0.862
2016-05-12 23.000 0.821
2016-02-12 22.000 0.690
2016-02-09 22.000 0.783
2015-11-13 22.000 0.642
2015-11-10 22.000 0.572
2015-08-28 22.000 0.559
2015-06-29 22.000 0.512
2015-05-14 22.000 0.475
2015-02-13 20.000 0.455
2014-11-14 20.000 0.494
2014-11-11 20.000 0.450
2014-06-30 20.000 0.501
2014-05-13 20.000 0.454
2014-02-14 20.000 0.487
2014-02-13 20.000 0.463
2013-11-14 20.000 0.417
2013-11-06 20.000 0.431
2013-06-28 20.000 0.448
2013-05-14 20.000 0.513
2013-02-14 20.000 0.530
2013-02-07 20.000 0.733
2012-11-14 20.000 0.790
2012-11-08 20.000 0.924
2012-08-07 20.000 0.969
2012-06-29 20.000 1.049
2012-05-14 20.000 1.173
2012-02-14 20.000 1.074
2012-02-09 20.000 1.234
2011-11-14 20.000 1.383
2011-11-07 20.000 1.264
2011-08-04 20.000 1.290
2011-06-30 20.000 1.061
2011-05-12 20.000 1.188
2011-02-14 20.000 1.117
2011-02-08 20.000 0.965
2010-11-12 20.000 1.030
2010-06-29 20.000 1.202
2010-05-12 20.000 1.225
2010-02-12 20.000 1.156
2010-02-04 20.000 1.273
2009-11-05 20.000 1.217

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

  • Sumitomo Realty & Development is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Sumitomo Realty & Development is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Sumitomo Realty & Development's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Sumitomo Realty & Development's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Sumitomo Realty & Development's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Sumitomo Realty & Development'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 Sumitomo Realty & Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sumitomo Realty & Development has a total score of 0/6, see the detailed checks below.


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

SURD.F Management

 What is the CEO of Sumitomo Realty & Development'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
Kojun Nishima
AGE 57
TENURE AS CEO 5.9 years
CEO Bio

Mr. Kojun Nishima is President at Sumitomo Realty & Development Co., Ltd. since June 2013, its Director since June 2009 and serves as Executive MD at Sumitomo Realty & Development Co., Ltd. • April 1984; Entered Sumitomo Realty & Development Co., Ltd. • April 2004; Executive Officer • April 2007; Managing Executive Officer • April 2009; Head of Residential Business Division • September 2009; Head of Building Development Division • June 2010; Executive Managing Director (present) • May 2017; Head of Building Development Division (present).

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

Junji Takashima

TITLE
Chairman of the Board & Executive MD
AGE
88

Kojun Nishima

TITLE
Head of Building Development Division
AGE
57
TENURE
5.9 yrs

Nozomi Saito

TITLE
Investor Relations

Nobuaki Takemura

TITLE
Head of Management Division
AGE
59

Masato Kobayashi

TITLE
Head of Building Development Division
AGE
58

Hisatoshi Katayama

TITLE
Head of Urban Property Development Division & Director
AGE
57
Board of Directors Tenure

Average tenure and age of the Sumitomo Realty & Development board of directors in years:

6.9
Average Tenure
58
Average Age
  • The tenure for the Sumitomo Realty & Development board of directors is about average.
Board of Directors

Junji Takashima

TITLE
Chairman of the Board & Executive MD
AGE
88
TENURE
11.9 yrs

Kojun Nishima

TITLE
Head of Building Development Division
AGE
57
TENURE
9.9 yrs

Kenichi Onodera

TITLE
Deputy Chairman of the Board
AGE
71
TENURE
5.9 yrs

Nobuaki Takemura

TITLE
Head of Management Division
AGE
59
TENURE
10.9 yrs

Masato Kobayashi

TITLE
Head of Building Development Division
AGE
58
TENURE
9.9 yrs

Hisatoshi Katayama

TITLE
Head of Urban Property Development Division & Director
AGE
57
TENURE
0.9 yrs

Toshikazu Tanaka

TITLE
Director
AGE
58
TENURE
5.9 yrs

Koji Ito

TITLE
Director
AGE
59
TENURE
5.9 yrs

Yoshiyuki Odai

TITLE
Director
AGE
57
TENURE
7.9 yrs

Hiroshi Kato

TITLE
Director
AGE
57
TENURE
5.9 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 Sumitomo Realty & Development'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 Realty & Development 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.

SURD.F News

Simply Wall St News

SURD.F Company Info

Description

Sumitomo Realty & Development Co., Ltd. engages in the real estate business in Japan. It operates in five segments: Leasing, Sales, Construction, Brokerage, and Other. The Leasing segment leases and manages office buildings, residences, and other properties. The Sales segment sells condominiums, detached houses, and land lots. The Construction segment engages in the construction of housing, condominiums, and buildings. The Brokerage segment is involved in real estate brokerage activities. The Other segment is involved in the fitness and restaurant businesses. The company was formerly known as Izumi Real Estate Co., Ltd. and changed its name to Sumitomo Realty & Development Co., Ltd. in 1957. Sumitomo Realty & Development Co., Ltd. was founded in 1949 and is headquartered in Tokyo, Japan.

Details
Name: Sumitomo Realty & Development Co., Ltd.
SURD.F
Exchange: OTCPK
Founded: 1949
¥18,026,985,080
473,940,149
Website: http://www.sumitomo-rd.co.jp/english/
Address: Sumitomo Realty & Development Co., Ltd.
Shinjuku NS Building,
2-4-1 Nishi-Shinjuku,
Tokyo,
163-0820,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8830 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SURD.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB RL2 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
12,934
Sumitomo Realty & Development employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 23:55
End of day share price update: 2019/05/16 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/05/16
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.