Analysis Daiwa Securities Group Inc. (8601)
6/4/2024
Analysis of Daiwa Securities Group Inc. (8601)
Daiwa Securities Group Inc. (symbol: 8601) has shown a recent uptrend in its stock price, with the price closing at 1286.50 on June 4th, 2024, after opening at 1290.00. The Relative Strength Index (RSI) indicator of 68.86 suggests the stock is approaching overbought levels, indicating a potential reversal in the short term.The Moving Average Convergence Divergence (MACD) indicator of 32.15 is above the signal line of 14.44, with a positive MACD histogram of 17.71, indicating bullish momentum. However, investors should be cautious as the MACD is relatively high, and a potential correction may be on the horizon.
The stock's Simple Moving Average (SMA) stands at 1155.48, while the Exponential Moving Average (EMA) and Weighted Moving Average (WMA) are slightly higher at 1162.88 and 1165.71, respectively. This indicates a bullish trend in the short term.
Overall, Daiwa Securities Group Inc. is currently in a bullish phase, but investors should closely monitor the RSI levels and be cautious of a potential correction in the near future.
Income statement 💸
These are the revenues. Here are the conclusions:1. The company's sales have been increasing steadily over the past four years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. The gross profit margin has fluctuated slightly, with the highest being in 2023 at $169.1 billion.
3. Operating income has also shown an increasing trend, reaching $114.3 billion in 2023.
4. Net income has been on the rise, with the company making $96.99 billion in 2023, compared to $57.41 billion in 2020.
5. Earnings per share (EPS) have generally increased over the years, with a slight dip in 2023 compared to 2022.
6. The company has been able to maintain a stable diluted shares outstanding value over the years.
7. Overall, the financial performance of the company in terms of revenues has been positive, showing growth and profitability.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, reaching the highest value in 2023 at $352,583,000,000.
2. Current assets fluctuate each year, with the highest value in 2019 at $162,819,000,000.
3. Non-current assets have been increasing steadily, with the highest value in 2023 at $209,017,000,000.
4. Total liabilities have also been increasing, reaching the highest value in 2023 at $290,437,000,000.
5. Shareholders' equity has been fluctuating, with the highest value in 2019 at $90,488,000,000.
6. The company has been relying more on non-current assets to support its operations over the years.
7. There is a significant amount of debt in the company's capital structure, both short-term and long-term.
8. The company has been investing heavily in machinery, furniture, and equipment as seen in the non-current assets section.
9. Retained earnings have been negative in some years, indicating losses or dividend payouts exceeding profits.
10. The company has been maintaining a significant amount of cash and cash equivalents over the years.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous results, ending on February 27, 2025, were handled by the Transfer Agent. The results from January 31, 2025, were released after hours. The results from October 31, 2024, were not provided at this time. The results from August 1, 2024, showed an earnings per share (EPS) estimate of 1.32.Main Statystic ðŸ§
The data provided includes financials, stock statistics, valuation metrics, stock price summary, and dividends and splits information for a specific company.In terms of financials, the company has strong operating cash flow and levered free cash flow, with a positive current ratio and a high total debt to equity ratio. The profit margin and operating margin are also healthy, with a good return on assets and return on equity. The company's fiscal year ends in September 2023, and the most recent quarter reported is March 31, 2024.
Looking at stock statistics, the company has a low short ratio and a significant percentage of shares held by institutions. The stock price summary shows a beta value, moving averages, and the range of the stock price over the past fifty-two weeks.
Valuation metrics indicate a high PEG ratio and price-to-earnings ratios, along with other valuation multiples such as price-to-book and price-to-sales. The market capitalization and enterprise value are also provided.
Lastly, dividends and splits information includes details on dividend rates, payout ratios, dividend dates, and historical split information for the company.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing year over year, indicating improved operational efficiency.
3. The company has been consistently paying interest and income taxes, with varying amounts each year.
4. The end cash position has also been fluctuating, reaching its highest value in 2020.
5. Financing activities show a pattern of common stock repurchase, long-term debt issuance, and payments, with significant fluctuations in values.
6. Investing activities indicate a mix of acquisitions, investments, and capital expenditures, with varying levels of cash flow.
7. Overall, the company's financial performance seems to be stable, with some fluctuations in key financial metrics over the years.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share:1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.23, with a low estimate of $1.18 and a high estimate of $1.26. This shows an improvement compared to the EPS of $1.17 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.42, with a low estimate of $1.33 and a high estimate of $1.51. This also indicates growth from the EPS of $1.35 in the same quarter last year.
3. Looking at the estimates for the current year ending on September 30, 2024, the average EPS estimate is $6.10, ranging from a low estimate of $5.95 to a high estimate of $6.41. This reflects an increase from the EPS of $5.67 for the previous year.
4. For the next year ending on September 30, 2025, the average EPS estimate is $6.69, with a low estimate of $5.92 and a high estimate of $7.31. This suggests a potential growth compared to the EPS of $6.10 in the current year.
Overall, the analysts' estimates point towards a positive outlook for the company's earnings per share, showing a trend of expected growth in both the short term and the long term.
Revenue estimate
Based on the analysts' estimates for the future quarterly and annual sales of the company, we can draw the following conclusions:1. For the current quarter ending on June 30, 2024, the average sales estimate is $77,545,400,000, with a sales growth of 2% compared to the same quarter last year. The number of analysts providing estimates is 25.
2. For the next quarter ending on September 30, 2024, the average sales estimate is $85,501,800,000, with a sales growth of 3% compared to the same quarter last year. The number of analysts providing estimates is 25.
3. For the current fiscal year ending on September 30, 2024, the average sales estimate is $357,772,000,000, with a sales growth of 1% compared to the previous fiscal year. The number of analysts providing estimates is 38.
4. For the next fiscal year ending on September 30, 2025, the average sales estimate is $380,772,000,000, with a sales growth of 6% compared to the current fiscal year. The number of analysts providing estimates is 38.
These estimates indicate a moderate growth trend in both quarterly and annual sales for the company, with slightly higher growth expected in the next fiscal year compared to the current one.
Growth estimates
Based on the consensus estimates provided, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The growth rate for the current quarter is estimated to be 5.1%.
2. Next Quarter: The growth rate for the next quarter is expected to increase slightly to 5.2%.
3. Current Year: The growth rate for the current year is projected to be 7.6%.
4. Next Year: The growth rate for the next year is forecasted to see a significant increase to 9.7%.
5. Past 5 Years (per annum): Over the past 5 years, the company has experienced a growth rate of approximately 20.1% per year.
6. Next 5 Years (per annum): Looking ahead, analysts anticipate a growth rate of around 9.7% per year for the next 5 years.
These estimates suggest a positive outlook for the company, with a strong growth trajectory expected in the upcoming periods compared to the historical performance over the past 5 years.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $275
- Median: $201.43
- Average: $204.58
- Current price: $192.25
- Currency: USD
Based on these forecasts, we can see that the analysts have a range of opinions on the future price of the security, with the low end at $164, the high end at $275, and the average at $204.58. The current price of the security is $192.25, which is below the median and average forecasted prices. Investors should consider these forecasts along with other factors when making investment decisions.
MACD of 8601
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
