Digital Garage
OTCPK:DLGE.F
DLGE.F
OTCPK
¥143B
Market Cap
Company description
Digital Garage, Inc. operates as a context company in Japan and internationally. The last earnings update was 37 days ago. More info.
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DLGE.F Share Price and Events
7 Day Returns
2.9%
OTCPK:DLGE.F
1.7%
US IT
1.2%
US Market
1 Year Returns
-
OTCPK:DLGE.F
15.5%
US IT
3%
US Market
DLGE.F Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Digital Garage (DLGE.F) | 2.9% | 7% | 17.8% | - | - | - |
| US IT | 1.7% | 4.9% | 22.3% | 15.5% | 80.2% | 94.8% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- No trading data on DLGE.F.
- No trading data on DLGE.F.
Price Volatility
DLGE.F
Industry
5yr Volatility vs Market
Related Companies
Sorry, no analysis for Digital Garage's competitors could be found in our database.
DLGE.F Value
Is Digital Garage 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
Digital Garage
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 Digital Garage.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.8% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| IT Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.064 (1 + (1- 30.86%) (30.25%)) |
1.192 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.19 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.192 * 5.96%) |
9.83% |
Discounted Cash Flow Calculation for OTCPK:DLGE.F using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Digital Garage 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.
| Levered FCF (JPY, Millions) | Source |
Present Value Discounted (@ 9.83%) |
|
|---|---|---|---|
| 2019 | 5,853.00 | Analyst x1 | 5,328.91 |
| 2020 | 8,465.00 | Analyst x2 | 7,016.91 |
| 2021 | 12,250.00 | Analyst x1 | 9,245.16 |
| 2022 | 14,150.00 | Analyst x1 | 9,722.87 |
| 2023 | 15,450.00 | Analyst x1 | 9,665.54 |
| 2024 | 16,527.13 | Est @ 6.97% | 9,413.57 |
| 2025 | 17,469.05 | Est @ 5.7% | 9,059.11 |
| 2026 | 18,309.04 | Est @ 4.81% | 8,644.53 |
| 2027 | 19,075.26 | Est @ 4.18% | 8,199.85 |
| 2028 | 19,790.28 | Est @ 3.75% | 7,745.45 |
| Present value of next 10 years cash flows | ¥84,041.90 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ¥19,790.28 × (1 + 2.73%) ÷ (9.83% – 2.73%) |
¥286,146.86 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ¥286,146.86 ÷ (1 + 9.83%)10 |
¥111,991.21 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ¥84,041.90 + ¥111,991.21 |
¥196,033.11 |
| Equity Value per Share (JPY) |
= Total value / Shares Outstanding
= ¥196,033.11 / 45.94 |
¥4266.74 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in OTCPK:DLGE.F
represents 0.0086x
of
TSE:4819
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.0086x |
| Value per Share (Listing Adjusted, USD) |
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,266.74 x 0.0086 |
$36.70 |
| Value per share (USD) | From above. | $36.70 |
| Current discount | Discount to share price of
$26.75
= -1 x ($26.75 - $36.70) / $36.70 |
27.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Amount off the current price
Digital Garage
is available for.
27%
Share price is
$26.75
vs Future cash flow value of
$36.7
Current Discount Checks
For
Digital Garage
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
- Digital Garage's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Digital Garage's share price is below the future cash flow value, but not 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 Digital Garage's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Digital Garage's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in JPY | ¥107.18 |
| TSE:4819 Share Price ** | TSE (2019-03-19) in JPY | ¥3110 |
| United States of America IT Industry PE Ratio | Median Figure of 78 Publicly-Listed IT Companies | 30.36x |
| 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 Digital Garage.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSE:4819 Share Price ÷ EPS (both in JPY) = 3110 ÷ 107.18 |
29.02x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Digital Garage is good value based on earnings compared to the US IT industry average.
- Digital Garage is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Digital Garage's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 29.02x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
23.7%per year |
| United States of America IT Industry PEG Ratio | Median Figure of 64 Publicly-Listed IT Companies | 2.42x |
| 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 .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 29.02x ÷ 23.7% |
1.22x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Digital Garage is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Digital Garage's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in JPY | ¥792.74 |
| TSE:4819 Share Price * | TSE (2019-03-19) in JPY | ¥3110 |
| United States of America IT Industry PB Ratio | Median Figure of 122 Publicly-Listed IT Companies | 4.43x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSE:4819 Share Price ÷ Book Value per Share (both in JPY) = 3110 ÷ 792.74 |
3.92x |
* Primary Listing of Digital Garage.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Digital Garage is good value based on assets compared to the US IT industry average.
X
Value checks
We assess Digital Garage's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the IT industry average (and greater than 0)? (1 check) Digital Garage 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.
DLGE.F Future Performance
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!
23.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Digital Garage
expected to grow at an
attractive
rate?
- Digital Garage's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Digital Garage's earnings growth is expected to exceed the United States of America market average.
- Digital Garage's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| OTCPK:DLGE.F Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 23.7% |
| OTCPK:DLGE.F Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | -7.8% |
| United States of America IT Industry Earnings Growth Rate | Market Cap Weighted Average | 15.7% |
| United States of America IT Industry Revenue Growth Rate | Market Cap Weighted Average | 9% |
| 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
All numbers in JPY Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in JPY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-03-31 | 48,700 | 15,150 | 15,500 | 1 |
| 2022-03-31 | 45,400 | 13,150 | 14,200 | 1 |
| 2021-03-31 | 40,400 | 11,250 | 10,007 | 1 |
| 2020-03-31 | 35,700 | 8,515 | 8,133 | 2 |
| 2019-03-31 | 68,529 | 6,953 | 6,539 | 1 |
| Date (Data in JPY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 67,052 | 5,013 | |
| 2018-09-30 | 64,805 | 6,656 | 6,110 |
| 2018-06-30 | 62,400 | 6,080 | |
| 2018-03-31 | 60,168 | 14,293 | 5,460 |
| 2017-03-31 | 48,740 | 5,531 | 6,157 |
| 2016-12-31 | 47,737 | 8,555 | 7,070 |
| 2016-09-30 | 44,985 | 6,658 | |
| 2016-06-30 | 43,763 | -2,618 | 5,165 |
| 2016-03-31 | 43,297 | 4,309 |
*GAAP earnings excluding extraordinary items.
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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Digital Garage Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in JPY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-03-31 | 328.40 | 328.40 | 328.40 | 1.00 |
| 2022-03-31 | 300.80 | 300.80 | 300.80 | 1.00 |
| 2021-03-31 | 204.70 | 260.60 | 148.80 | 2.00 |
| 2020-03-31 | 199.40 | 199.40 | 199.40 | 3.00 |
| 2019-03-31 | 134.90 | 134.90 | 134.90 | 1.00 |
| Date (Data in JPY Millions) | EPS * |
|---|---|
| 2018-12-31 | 107.18 |
| 2018-09-30 | 129.77 |
| 2018-06-30 | 128.88 |
| 2018-03-31 | 115.79 |
| 2017-03-31 | 130.82 |
| 2016-12-31 | 150.27 |
| 2016-09-30 | 141.56 |
| 2016-06-30 | 109.82 |
| 2016-03-31 | 91.63 |
*GAAP earnings excluding extraordinary items.
X
Digital Garage has a total score of 3/6, 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.
Future performance checks
We assess Digital Garage's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Digital Garage has a total score of 3/6, 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.
DLGE.F Past Performance
How has Digital Garage 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
Digital Garage's growth in the last year to its industry (IT).
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.
- Digital Garage's year on year earnings growth rate has been positive over the past 5 years.
- Digital Garage's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Digital Garage's 1-year earnings growth is negative, it can't be compared to the US IT industry average.
Earnings and Revenue History
Digital Garage'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 Digital Garage Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in JPY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 67,052.00 | 5,013.00 | 10,540.00 | 252.00 |
| 2018-09-30 | 64,805.00 | 6,110.00 | 9,894.00 | 252.00 |
| 2018-06-30 | 62,400.00 | 6,080.00 | 8,733.00 | 252.00 |
| 2018-03-31 | 60,168.00 | 5,460.00 | 8,141.00 | 252.00 |
| 2017-03-31 | 48,740.00 | 6,157.00 | 6,235.00 | 170.00 |
| 2016-12-31 | 47,737.00 | 7,070.00 | 6,780.00 | 56.00 |
| 2016-09-30 | 44,985.00 | 6,658.00 | 6,621.00 | 56.00 |
| 2016-06-30 | 43,763.00 | 5,165.00 | 6,478.00 | 56.00 |
| 2016-03-31 | 43,297.00 | 4,309.00 | 5,934.00 | 79.00 |
| 2015-12-31 | 40,043.00 | 3,370.00 | 5,534.00 | 79.00 |
| 2015-09-30 | 40,297.00 | 5,497.00 | 5,210.00 | 79.00 |
| 2015-06-30 | 38,087.00 | 5,081.00 | 4,892.00 | 79.00 |
| 2015-03-31 | 36,121.00 | 5,053.00 | 4,934.00 | 59.00 |
| 2014-12-31 | 36,016.00 | 4,928.00 | 4,910.00 | 59.00 |
| 2014-09-30 | 34,604.00 | 3,238.00 | 4,764.00 | 59.00 |
| 2014-06-30 | 33,751.00 | 2,847.00 | 4,595.00 | 59.00 |
| 2014-03-31 | 31,530.00 | 2,380.00 | 4,123.00 | 38.00 |
| 2013-12-31 | 29,740.00 | 3,228.00 | 3,963.00 | 38.00 |
| 2013-09-30 | 29,930.00 | 2,891.00 | 4,126.00 | 38.00 |
| 2013-06-30 | 27,964.00 | 2,715.00 | 3,921.00 | 38.00 |
| 2013-03-31 | 23,731.00 | 1,956.00 | 4,332.00 | 52.00 |
| 2012-12-31 | 22,452.00 | 2,409.00 | 3,847.00 | 52.00 |
| 2012-09-30 | 16,792.00 | 1,786.00 | 3,020.00 | 52.00 |
| 2012-06-30 | 14,903.00 | 2,106.00 | 2,600.00 | 52.00 |
| 2012-03-31 | 14,874.00 | 2,984.00 | 2,464.00 | 29.00 |
*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.
- Digital Garage has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Digital Garage used its assets less efficiently than the US IT industry average last year based on Return on Assets.
- Digital Garage's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Digital Garage 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.
Past performance checks
We assess Digital Garage's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Digital Garage 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.
DLGE.F Health
How is Digital Garage'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 Digital Garage's finances.
The net worth of a company is the difference between its assets and liabilities.
- Digital Garage is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Digital Garage's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Digital Garage'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 2.1x 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 Digital Garage Company Filings, last reported 2 months ago.
| Date (Data in JPY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 37,217.00 | 43,228.00 | 41,926.00 |
| 2018-09-30 | 37,146.00 | 52,279.00 | 49,415.00 |
| 2018-06-30 | 40,576.00 | 28,621.00 | 29,113.00 |
| 2018-03-31 | 39,016.00 | 23,027.00 | 32,922.00 |
| 2017-03-31 | 34,378.00 | 24,144.00 | 23,029.00 |
| 2016-12-31 | 34,082.00 | 22,734.00 | 25,794.00 |
| 2016-09-30 | 31,445.00 | 20,797.00 | 18,137.00 |
| 2016-06-30 | 30,662.00 | 18,570.00 | 15,703.00 |
| 2016-03-31 | 29,467.00 | 22,585.00 | 16,843.00 |
| 2015-12-31 | 29,107.00 | 21,900.00 | 20,319.00 |
| 2015-09-30 | 28,551.00 | 27,207.00 | 25,198.00 |
| 2015-06-30 | 29,073.00 | 29,079.00 | 30,956.00 |
| 2015-03-31 | 43,103.00 | 17,947.00 | 31,317.00 |
| 2014-12-31 | 41,781.00 | 14,936.00 | 34,122.00 |
| 2014-09-30 | 37,255.00 | 16,001.00 | 25,427.00 |
| 2014-06-30 | 36,488.00 | 12,531.00 | 24,294.00 |
| 2014-03-31 | 36,466.00 | 14,629.00 | 24,436.00 |
| 2013-12-31 | 36,712.00 | 9,026.00 | 22,836.00 |
| 2013-09-30 | 27,870.00 | 9,984.00 | 13,717.00 |
| 2013-06-30 | 27,257.00 | 7,104.00 | 15,329.00 |
| 2013-03-31 | 26,271.00 | 13,473.00 | 19,336.00 |
| 2012-12-31 | 20,802.00 | 11,609.00 | 11,814.00 |
| 2012-09-30 | 20,132.00 | 11,557.00 | 11,195.00 |
| 2012-06-30 | 20,475.00 | 10,923.00 | 12,308.00 |
| 2012-03-31 | 20,692.00 | 2,688.00 | 7,972.00 |
- Digital Garage's level of debt (116.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (24.8% vs 116.2% today).
- Debt is not well covered by operating cash flow (15.4%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 49.4x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Digital Garage's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Digital Garage has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
DLGE.F Dividends
What is Digital Garage'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
0.9%
Current annual income from
Digital Garage
dividends.
Estimated to be
1.23%
next year.
If you bought
$2,000 of
Digital Garage
shares you are expected to receive
$18
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?
- Digital Garage's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Digital Garage'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
| 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 3 Analyst Estimates (S&P Global) | See Below |
| United States of America IT Industry Average Dividend Yield | Market Cap Weighted Average of 33 Stocks | 1.4% |
| 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.
| Date (Data in ¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-03-31 | ||
| 2022-03-31 | ||
| 2021-03-31 | 52.00 | 1.00 |
| 2020-03-31 | 36.50 | 2.00 |
| 2019-03-31 | 28.00 | 1.00 |
| Date (Data in ¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-06-22 | 28.000 | 0.869 |
| 2018-05-11 | 28.000 | 0.621 |
| 2017-06-19 | 24.000 | 0.902 |
| 2017-05-12 | 24.000 | 1.200 |
| 2017-02-10 | 20.000 | 0.891 |
| 2016-09-29 | 15.000 | 0.760 |
| 2016-08-10 | 15.000 | 0.825 |
| 2015-09-18 | 15.000 | 0.753 |
| 2015-08-14 | 15.000 | 0.886 |
| 2014-09-25 | 5.000 | 0.288 |
| 2014-08-13 | 5.000 | 0.281 |
| 2013-09-26 | 5.000 | 0.253 |
| 2013-08-13 | 5.000 | 0.184 |
| 2012-09-27 | 5.000 | 0.444 |
| 2012-08-13 | 5.000 | 0.751 |
| 2012-05-11 | 5.000 | 0.633 |
| 2012-02-09 | 5.000 | 0.473 |
| 2011-05-16 | 0.000 | 0.000 |
| 2011-05-13 | 0.000 | 0.000 |
| 2011-02-14 | 0.000 | 0.000 |
| 2011-02-09 | 0.000 | 0.000 |
| 2010-11-12 | 0.000 | 0.000 |
| 2010-11-11 | 0.000 | 0.000 |
| 2010-09-29 | 0.000 | 0.000 |
| 2010-08-13 | 0.000 | 0.000 |
| 2009-09-29 | 25.000 | 3.052 |
| 2009-08-28 | 25.000 | 3.171 |
| 2009-08-13 | 25.000 | 4.979 |
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.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Digital Garage's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Digital Garage afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Digital Garage has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
DLGE.F Management
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
Kaoru
Hayashi
| COMPENSATION | ¥133,065,000 |
| AGE | 59 |
| TENURE AS CEO | 14.3 years |
CEO Bio
Mr. Kaoru Hayashi has been the President of econtext Asia Limited since January 24, 2015. Mr. Hayashi serves as the Chief Executive Officer and President at Wheel, Inc. Mr. Hayashi has been Group Chief Executive Officer and President of Digital Garage, Inc. since November 2004 and has been its Executive Officer since September 2016. He serves as the President of CGM Marketing, Inc. Mr. Hayashi established Digital Garage, Inc. in August 1995. He serves as the Representative Director, Chairman, and CEO at DG Incubation, Inc. Mr. Hayashi serves as Director at DG Daiwa Ventures. He served as an Executive Director of econtext ASIA Limited since September 10, 2012 until January 24, 2015. He serves as the Chairman of Open Network Lab, Inc. and of econtext Asia Limited. Mr. Hayashi has been the Chairman of Kakaku.com., Inc. since July 2002. He serves as the Chairman at VeriTrans Inc. Mr. Hayashi served as Chairman of the Board at Digital Garage, Inc. since June 2007. He has been a Director of econtext ASIA Limited since January 24, 2015. Mr. Hayashi has been a Representative Director for Digital Garage, Inc., since August 1995. He serves as a Representative Director of CGM Marketing, Inc. Mr. Hayashi serves as a Director of DG & Partners Inc. He has been an Outside Director at Credit Saison Co. Ltd. since June 2016. Mr. Hayashi served as an Outside & Independent Director of Monex Group, Inc. since June 2012 until July 18, 2017. He served as a Director at Neo Innovation, Inc. Mr. Hayashi served as an External Director of Media Do Co., Ltd. since May 2011. He graduated from the University in 1983.
CEO Compensation
- Insufficient data for Kaoru to compare compensation growth.
- Kaoru'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 Digital Garage management team in years:
3
Average Tenure
55
Average Age
- The tenure for the Digital Garage management team is about average.
Management Team
Kaoru Hayashi
TITLE
Group CEO
COMPENSATION
¥133M
AGE
59
TENURE
14.3 yrs
Makoto Soda
TITLE
Senior Executive Officer
AGE
55
TENURE
2.4 yrs
Keizo Odori
TITLE
Senior Executive Officer & Director
AGE
48
TENURE
6.5 yrs
Masashi Tanaka
TITLE
Senior Executive Officer & Director
AGE
43
TENURE
6.7 yrs
Hideo Edasawa
TITLE
Senior Executive Officer & Director
TENURE
1.8 yrs
Masahito Okuma
TITLE
Head of Group CEO Division & Director
TENURE
0.8 yrs
Naohiko Iwai
TITLE
Senior Corporate Officer
AGE
63
TENURE
2.4 yrs
Hiroki Yokota
TITLE
Senior Corporate Officer
TENURE
3.7 yrs
Board of Directors Tenure
Average tenure and age of the Digital Garage board of directors in years:
10
Average Tenure
57
Average Age
- The average tenure for the Digital Garage board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Kaoru Hayashi
TITLE
Group CEO
COMPENSATION
¥133M
AGE
59
TENURE
23.6 yrs
Makoto Soda
TITLE
Senior Executive Officer
AGE
55
TENURE
9.5 yrs
Keizo Odori
TITLE
Senior Executive Officer & Director
AGE
48
TENURE
8.5 yrs
Masashi Tanaka
TITLE
Senior Executive Officer & Director
AGE
43
TENURE
6.5 yrs
Hideo Edasawa
TITLE
Senior Executive Officer & Director
TENURE
1.8 yrs
Masahito Okuma
TITLE
Head of Group CEO Division & Director
TENURE
0.8 yrs
Joi Ito
TITLE
Co-Founder & Director
AGE
52
TENURE
12.8 yrs
Hitoshi Ushiku
TITLE
Director
AGE
61
TENURE
11.5 yrs
Yasuyuki Rokuyata
TITLE
Director
AGE
62
TENURE
23.3 yrs
Kenji Fujiwara
TITLE
Outside Director
AGE
72
TENURE
10.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
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.
Management checks
We assess Digital Garage's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Digital Garage 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.
DLGE.F Company Info
Description
Digital Garage, Inc. operates as a context company in Japan and internationally. The company operates through four segments: Financial Technology, Marketing Technology, Incubation Technology, and Long-term Incubation. The Financial Technology segment provides payment solutions for the monetization of the Internet business. The Marketing Technology segment engages in marketing promotions; and creates and offers solutions to customer's specific requests. The Incubation Technology segment incubates startups and develops new businesses. The Long-term Incubation segment provides business foundation in areas, such as medical treatments and biotechnology. Digital Garage, Inc. was founded in 1995 and is headquartered in Tokyo, Japan.
Details
| Name: | Digital Garage, Inc. |
| DLGE.F | |
| Exchange: | OTCPK |
| Founded: | 1995 |
| ¥1,282,362,426 | |
| 45,944,448 | |
| Website: | http://www.garage.co.jp/en/ |
| Address: |
Digital Garage, Inc. DG Building, 3-5-7 Ebisu Minami, Tokyo, 150-0022, Japan |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSE | 4819 | Common Shares | The Tokyo Stock Exchange | JP | JPY | 14. Dec 2000 | |
| OTCPK | DLGE.F | Common Shares | Pink Sheets LLC | US | USD | 14. Dec 2000 | |
| BST | DGK | Common Shares | Boerse-Stuttgart | DE | EUR | 14. Dec 2000 |
Number of employees
Current staff
744
Digital Garage
employees.
Industry
| IT Consulting and Other Services | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/21 00:15 |
| End of day share price update: | 2019/03/19 00:00 |
| Last estimates confirmation: | 2019/03/14 |
| Last earnings filing: | 2019/02/12 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
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.
