Daiwa Industries Ltd (DAWIF) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Daiwa Industries Ltd stock $10.71, price $10.39, upside +3.1%, quality 63 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range $4.72 – $10.50 · fair‑value band $8.76 – $13.92 · the $10.39 price screens below the $10.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Daiwa Industries Ltd. manufactures, sells, and leases freezers, refrigerators, showcases, ice makers, cooling systems, and vending machines in Japan and internationally.
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It also engages in the installation of cooling equipment, and manufacture and sale of its parts; manufacturing, selling, and leasing of kitchen equipment, devices, and parts; planning, designing, and construction of stores and kitchens; other construction works; and power generation and selling electricity.
In addition, the company also offers undercounters; and health and science equipment. Daiwa Industries Ltd. was incorporated in 1950 and is headquartered in Osaka, Japan.
Stock analysis
Daiwa Industries Ltd (DAWIF) currently trades at $10.39, while our model-based Fair Value estimate is $10.71, so the stock looks roughly fairly valued today (gap 3.0%).
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Valuation
Bull case: the Multiples group reads highest at a median of $17.56 per share, and 16 of the 24 models we run sit above the $10.39 price.
Bear case: the Dividend Discount group reads lowest at $4.58, and 8 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $8.76 (bear) to $13.92 (bull), the price of $10.39 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Daiwa Industries Ltd reported revenue of ¥46.9B in FY2025 versus ¥44.0B in FY2021, a compound +1.6%/yr. Reported net income was ¥5.1B in FY2025, compounding +8.9%/yr from FY2021.
Key figures
Market cap $564M Small · P/E ratio 16.0 · P/S ratio 1.73 · EPS (TTM) $0.6500 · Dividend yield 3.0% · Net margin 10.8% · Return on equity 6.7% · Return on assets (EBIT) 8.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 3%, DAWIF screens cheaper than that median.
Fair Value models
Bear$8.76Fair Value $10.71Bull$13.92
Price $10.39 · Upside +3.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.5574 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
Start year 2020 (pandemic). Over 10 years: +2.7% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.3%
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What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.8%
Dividend (yield on the price)3.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.8% vs 2.6%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 16%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−8.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −10.2% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+3.1% · Above median
Profitability
Return on equity (12 months)6.7% · Below median
Return on assets5.4% · Above median
Net margin (12 months)10.3% · Above median
Operating margin (12 months)15.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)1.5% · Below median
Dividend yield (12 months)3.0% · Top 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)16.0× · Cheapest 25%
P/B1.15× · Cheapest 25%
P/S (12 months)2.89× · Pricier than median
Price / free cash flow (fiscal year)27.8× · Pricier than median
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Is Daiwa Industries Ltd (DAWIF) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $10.71 versus the last price from Oct 30, 2026 of $10.39, about +3% upside (fairly valued).
What is the fair value of DAWIF?
Our model-based fair value for Daiwa Industries Ltd is $10.71 (as of Nov 9, 2026), built from audited fundamentals. Last price (from Oct 30, 2026): $10.39.
What is the quality score of DAWIF?
Daiwa Industries Ltd has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Daiwa Industries Ltd (DAWIF)?
Our model-based price target is the fair value of $10.71 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario $8.76, optimistic scenario $13.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Daiwa Industries Ltd stock forecast for 2026?
Our models put fair value at $10.71, about +3% upside versus the last price from Oct 30, 2026 of $10.39 (fairly valued). Cautious scenario $8.76, optimistic scenario $13.92. The calculation is refreshed regularly with new filings.
What is the revenue of Daiwa Industries Ltd (DAWIF)?
Daiwa Industries Ltd reported trailing-twelve-month revenue of about ¥28.0B (latest available figure, as of Nov 9, 2026).
Does Daiwa Industries Ltd pay a dividend?
Daiwa Industries Ltd currently shows a dividend yield of 3.04% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Daiwa Industries Ltd (DAWIF) and when is the ex-dividend date?
Daiwa Industries Ltd has a dividend yield of 3.0%. The next ex-dividend date is Dec 29, 2026. A dividend has been paid every year since at least 2010. The payout ratio is 48.4% of earnings. Free cash flow covers the dividend 1.19 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Daiwa Industries Ltd (DAWIF)?
For today's price to be fair in a discounted-cash-flow model, Daiwa Industries Ltd would have to grow free cash flow by -8.4 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of DAWIF use?
Our models discount Daiwa Industries Ltd at 9.8 %: a base by market capitalisation (small), damped by beta 0.29, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Daiwa Industries Ltd that is -8.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Daiwa Industries Ltd (DAWIF) delivered so far?
Over the past 5 years revenue at Daiwa Industries Ltd grew +3.3 % a year. The price currently implies free-cash-flow growth of -8.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Daiwa Industries Ltd (DAWIF) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Daiwa Industries Ltd (-8.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Daiwa Industries Ltd (DAWIF)?
The free-cash-flow yield on the price is 3.60 %: that much free cash flow Daiwa Industries Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Daiwa Industries Ltd (DAWIF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Daiwa Industries Ltd it is $10.71 per share (as of Nov 9, 2026), against a price of $10.39. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Daiwa Industries Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, DAWIF trades below its calculated fair value: price $10.39, fair value $10.71, a gap of about +3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DAWIF?
No. The price is what the market pays today ($10.39); the fair value is what the company's own numbers justify ($10.71). For Daiwa Industries Ltd the two are $0.3192 per share apart. That gap is exactly why we show both numbers side by side.
How much is Daiwa Industries Ltd worth?
The market values Daiwa Industries Ltd at about $564M (market capitalisation, as of Nov 9, 2026). Per share that is $10.39; our models calculate a fair value of $10.71 per share.
What do the bullish and bearish scenarios say about DAWIF?
Our models span a range for Daiwa Industries Ltd: cautious scenario $8.76, base $10.71, optimistic $13.92 per share (as of Nov 9, 2026, price $10.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DAWIF?
Daiwa Industries Ltd trades at a price-to-earnings ratio of 16.0 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $10.71 is built from several models across several years. Other multiples: P/B 1.2, P/S 2.9, EV/EBITDA 9.3.
How solid is the balance sheet of Daiwa Industries Ltd (DAWIF)?
Balance-sheet figures for Daiwa Industries Ltd (as of Nov 9, 2026): return on equity 6.7%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is DAWIF from its 52-week high?
Daiwa Industries Ltd trades at $10.39, about 9% below its 52-week high of $11.42 and 10% above the low of $9.44 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $10.71 is for.
Which stocks are comparable to Daiwa Industries Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Daiwa Industries Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price $10.39, calculated fair value $10.71 (+3%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DAWIF calculated?
We run Daiwa Industries Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $10.71 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Daiwa Industries Ltd currently trades 3% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Daiwa Industries Ltd (DAWIF)?
The latest price we hold is from Oct 30, 2026 and stands at $10.39. Our model-based fair value is $10.71, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Daiwa Industries Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Daiwa Industries Ltd (DAWIF) come from?
Earnings per share at Daiwa Industries Ltd grew +4.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.7 %, EBIT margin −0.1 %, tax rate +0.7 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Daiwa Industries Ltd
How large is the market capitalisation of Daiwa Industries Ltd (DAWIF)?
The market capitalisation of Daiwa Industries Ltd is $564M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Daiwa Industries Ltd (DAWIF)?
The price-to-sales ratio of Daiwa Industries Ltd is 1.73 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Daiwa Industries Ltd (DAWIF)?
Earnings per share at Daiwa Industries Ltd are $0.6500 (price ÷ EPS = P/E 16.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Daiwa Industries Ltd (DAWIF)?
The dividend yield of Daiwa Industries Ltd is 3.0% (payout 48.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Daiwa Industries Ltd (DAWIF)?
The net margin of Daiwa Industries Ltd is 10.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Daiwa Industries Ltd (DAWIF)?
The return on equity (ROE) of Daiwa Industries Ltd is 6.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Daiwa Industries Ltd (DAWIF)?
On an EBIT basis the return on assets of Daiwa Industries Ltd is 8.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Daiwa Industries Ltd (DAWIF)?
The operating margin of Daiwa Industries Ltd is 15.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Daiwa Industries Ltd (DAWIF)?
Revenue at Daiwa Industries Ltd is growing +1.5% versus a year earlier (3y avg +2.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Daiwa Industries Ltd (DAWIF)?
Earnings per share at Daiwa Industries Ltd are growing −6.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Daiwa Industries Ltd (DAWIF) hold?
Daiwa Industries Ltd holds more cash than debt, ¥39.4B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026