DAITO TRUST CONSTRUCTION CO.,LTD. Financials Daito Trust Construction Co.,Ltd.
Equities
1878
JP3486800000
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16,180 JPY | -0.12% |
|
-3.00% | -1.04% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,146,423 | 691,171 | 876,019 | 885,557 | 900,583 | 1,058,006 | - | - |
| Enterprise Value (EV) 1 | 1,037,416 | 610,687 | 772,272 | 706,099 | 721,324 | 1,139,642 | 869,890 | 883,082 |
| P/E ratio | 12.7 x | 7.7 x | 14.1 x | 12.7 x | 12.8 x | 15.7 x | 12.7 x | 11.4 x |
| Yield | 3.93% | 6.49% | 3.55% | 3.93% | 3.91% | 3.18% | 3.92% | 4.38% |
| Capitalization / Revenue | 0.72 x | 0.44 x | 0.59 x | 0.56 x | 0.54 x | 0.66 x | 0.59 x | 0.57 x |
| EV / Revenue | 0.65 x | 0.38 x | 0.52 x | 0.45 x | 0.44 x | 0.66 x | 0.48 x | 0.47 x |
| EV / EBITDA | 7.43 x | 4.27 x | 7.53 x | 6.1 x | 6.18 x | 7.64 x | 6.44 x | 5.96 x |
| EV / FCF | 14.4 x | 8.04 x | 9.07 x | 7.58 x | 13.5 x | 16.2 x | 9.27 x | 9.73 x |
| FCF Yield | 6.95% | 12.4% | 11% | 13.2% | 7.39% | 6.19% | 10.8% | 10.3% |
| Price to Book | 3.68 x | 2.4 x | 2.81 x | 2.41 x | 2.22 x | 2.81 x | 2.38 x | 2.2 x |
| Nbr of stocks (in thousands) | 74,298 | 68,671 | 68,279 | 68,172 | 68,278 | 65,309 | - | - |
| Reference price 2 | 15,430 | 10,065 | 12,830 | 12,990 | 13,190 | 16,200 | 16,200 | 16,200 |
| Announcement Date | 4/26/19 | 5/8/20 | 4/30/21 | 4/28/22 | 4/28/23 | 5/2/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,591,178 | 1,586,293 | 1,488,915 | 1,583,003 | 1,657,626 | 1,731,467 | 1,797,241 | 1,871,267 |
| EBITDA 1 | 139,559 | 142,958 | 102,539 | 115,776 | 116,649 | 121,118 | 135,142 | 148,122 |
| EBIT 1 | 127,047 | 127,956 | 86,738 | 99,594 | 100,000 | 104,819 | 116,318 | 130,250 |
| Operating Margin | 7.98% | 8.07% | 5.83% | 6.29% | 6.03% | 6.05% | 6.47% | 6.96% |
| Earnings before Tax (EBT) 1 | 132,342 | 133,014 | 90,770 | 103,217 | 101,836 | 110,607 | 121,902 | 132,500 |
| Net income 1 | 89,930 | 90,380 | 62,285 | 69,580 | 70,361 | 74,685 | 83,234 | 92,413 |
| Net margin | 5.65% | 5.7% | 4.18% | 4.4% | 4.24% | 4.31% | 4.63% | 4.94% |
| EPS 2 | 1,212 | 1,307 | 909.3 | 1,021 | 1,031 | 1,111 | 1,279 | 1,421 |
| Free Cash Flow 1 | 72,064 | 75,957 | 85,109 | 93,107 | 53,315 | 70,526 | 93,856 | 90,796 |
| FCF margin | 4.53% | 4.79% | 5.72% | 5.88% | 3.22% | 4.07% | 5.22% | 4.85% |
| FCF Conversion (EBITDA) | 51.64% | 53.13% | 83% | 80.42% | 45.71% | 65.64% | 69.45% | 61.3% |
| FCF Conversion (Net income) | 80.13% | 84.04% | 136.64% | 133.81% | 75.77% | 94.43% | 112.76% | 98.25% |
| Dividend per Share 2 | 606.0 | 653.0 | 455.0 | 511.0 | 516.0 | 555.0 | 634.3 | 709.3 |
| Announcement Date | 4/26/19 | 5/8/20 | 4/30/21 | 4/28/22 | 4/28/23 | 5/2/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 770,077 | 816,216 | 734,942 | 753,973 | 407,896 | 781,495 | 393,749 | 407,759 | 801,508 | 394,129 | 410,943 | 805,072 | 406,487 | 446,067 | 408,042 | 429,082 | 837,124 | 432,706 | 461,637 | 894,343 | 430,688 | 435,978 | 844,000 | 461,338 | 500,000 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 60,008 | 67,948 | 51,758 | 34,980 | 35,479 | 62,479 | 27,031 | 10,084 | 37,115 | 25,294 | 26,293 | 51,587 | 24,467 | 23,946 | 24,139 | 27,891 | 52,030 | 29,242 | 23,547 | 52,789 | 27,879 | 29,920 | - | 33,755 | 32,000 |
| Operating Margin | 7.79% | 8.32% | 7.04% | 4.64% | 8.7% | 7.99% | 6.87% | 2.47% | 4.63% | 6.42% | 6.4% | 6.41% | 6.02% | 5.37% | 5.92% | 6.5% | 6.22% | 6.76% | 5.1% | 5.9% | 6.47% | 6.86% | - | 7.32% | 6.4% |
| Earnings before Tax (EBT) 1 | 62,383 | - | 54,060 | - | 36,530 | 64,173 | 28,262 | 10,782 | 39,044 | 27,208 | 26,126 | 53,334 | 24,927 | 23,575 | 26,308 | 30,007 | 56,315 | 30,134 | 24,158 | - | 29,200 | 30,000 | 63,000 | 32,500 | 32,500 |
| Net income 1 | 42,884 | 47,496 | 36,933 | 25,352 | 25,305 | 43,549 | 19,459 | 6,572 | 26,031 | 18,246 | 18,039 | 36,285 | 16,793 | 17,283 | 18,480 | 20,509 | 38,989 | 21,157 | 14,539 | 35,696 | 19,943 | 20,842 | 44,000 | 23,208 | 23,800 |
| Net margin | 5.57% | 5.82% | 5.03% | 3.36% | 6.2% | 5.57% | 4.94% | 1.61% | 3.25% | 4.63% | 4.39% | 4.51% | 4.13% | 3.87% | 4.53% | 4.78% | 4.66% | 4.89% | 3.15% | 3.99% | 4.63% | 4.78% | 5.21% | 5.03% | 4.76% |
| EPS 2 | 613.2 | - | 538.2 | - | 371.6 | 639.6 | 285.6 | 96.22 | - | 267.5 | 264.4 | 531.9 | 246.1 | 253.1 | 270.5 | 300.0 | 570.5 | 315.4 | 224.6 | - | 291.4 | 305.9 | 679.1 | 351.1 | 399.2 |
| Dividend per Share 2 | 308.0 | - | 204.0 | - | 236.0 | 236.0 | - | 275.0 | - | - | 257.0 | 257.0 | - | 259.0 | - | 267.0 | 267.0 | - | 276.0 | - | - | 287.0 | 320.0 | - | 356.0 |
| Announcement Date | 10/30/19 | 5/8/20 | 10/29/20 | 4/30/21 | 10/28/21 | 10/28/21 | 1/28/22 | 4/28/22 | 4/28/22 | 8/3/22 | 10/27/22 | 10/27/22 | 1/30/23 | 4/28/23 | 7/28/23 | 10/30/23 | 10/30/23 | 1/30/24 | 5/2/24 | 5/2/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 109,007 | 80,484 | 103,747 | 179,458 | 179,259 | 133,138 | 188,116 | 174,924 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 72,064 | 75,957 | 85,109 | 93,107 | 53,315 | 70,526 | 93,857 | 90,796 |
| ROE (net income / shareholders' equity) | 29.8% | 30.6% | 20.9% | 20.1% | 18.2% | 18.4% | 19.9% | 20.3% |
| ROA (Net income/ Total Assets) | 15.5% | 15.3% | 10.1% | 10.8% | 10% | 10.2% | 10.2% | 10.5% |
| Assets 1 | 578,979 | 591,104 | 618,589 | 646,105 | 700,166 | 735,714 | 814,022 | 882,930 |
| Book Value Per Share 2 | 4,192 | 4,187 | 4,559 | 5,380 | 5,942 | 6,212 | 6,802 | 7,358 |
| Cash Flow per Share 2 | 1,381 | 1,524 | 1,140 | 1,259 | 1,275 | 1,365 | 1,863 | 1,877 |
| Capex 1 | 36,571 | 26,172 | 13,352 | 19,376 | 28,787 | 20,350 | 17,500 | 25,000 |
| Capex / Sales | 2.3% | 1.65% | 0.9% | 1.22% | 1.74% | 1.18% | 0.97% | 1.34% |
| Announcement Date | 4/26/19 | 5/8/20 | 4/30/21 | 4/28/22 | 4/28/23 | 5/2/24 | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
16,180
JPY
Average target price
17,906
JPY
Spread / Average Target
+10.67%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.04% | 6.85B | |
| +36.64% | 29.21B | |
| +4.11% | 28.04B | |
| -12.67% | 27.86B | |
| +17.36% | 25.39B | |
| +47.76% | 24.16B | |
| +5.81% | 20.93B | |
| +3.41% | 19.25B | |
| +26.99% | 16.61B | |
| -14.16% | 15.42B |
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