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Daiwa Co (TSE:8247) Owner Earnings per Share (TTM) : 0.00 (As of Nov. 2023)


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What is Daiwa Co Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Daiwa Co does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for Daiwa Co's Owner Earnings per Share (TTM) or its related term are showing as below:


During the past 13 years, the highest Price-to-Owner-Earnings ratio of Daiwa Co was 16.72. The lowest was 3.44. And the median was 8.05.


TSE:8247's Price-to-Owner-Earnings is not ranked *
in the Retail - Cyclical industry.
Industry Median: 11.34
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Daiwa Co's Earnings per Share (Diluted) for the three months ended in Nov. 2023 was 円40.11. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Nov. 2023 was 円90.05. It's PE Ratio ratio for today is 5.20.

Daiwa Co's EPS without NRI for the three months ended in Nov. 2023 was 円16.83. Its EPS without NRI for the trailing twelve months (TTM) ended in Nov. 2023 was 円72.39. It's PE Ratio without NRI ratio for today is 6.46.


Daiwa Co Owner Earnings per Share (TTM) Historical Data

The historical data trend for Daiwa Co's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Daiwa Co Owner Earnings per Share (TTM) Chart

Daiwa Co Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Owner Earnings per Share (TTM)
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Daiwa Co Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Competitive Comparison of Daiwa Co's Owner Earnings per Share (TTM)

For the Department Stores subindustry, Daiwa Co's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Daiwa Co's Price-to-Owner-Earnings Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Daiwa Co's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Daiwa Co's Price-to-Owner-Earnings falls into.



Daiwa Co Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Daiwa Co does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Daiwa Co Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of Daiwa Co's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


Daiwa Co (TSE:8247) Business Description

Traded in Other Exchanges
N/A
Address
5 No. 2 No. Kanazawa Katamachi 2-chome, Kanazawa, JPN
Daiwa Co Ltd is a Japan-based company mainly engaged in the operation of department stores. It operates three department stores in Kanazawa, Toyama and Takaoka cities.

Daiwa Co (TSE:8247) Headlines

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