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Daiwa House Industry Co Ltd ADR (DWAHY) Fair Value & Analysis

Real Estate · US · Market cap $16.8B · ISIN US2340622065

What is Daiwa House Industry Co Ltd ADR really worth?

DH Daiwa House Industry Co Ltd ADR logo Daiwa House Industry Co Ltd ADR DWAHY · US
Price$30.58
Fair Value$72.38
Upside+136.7%
Quality49/100

Below-average quality, trading 58% below our fair value of $72.38.

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Strengths

Ranks above peers (8/10)

Risks

!Expensive Growth (revenue 5y +7.5 %/yr)
!Thin margins · 6.3% net margin
!Moderate debt · negative free cash flow
!Moderate moat 46/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 21 out of 100

For context

·3.80% dividend yield
Evidence: Medium Range $52.07 – $92.68

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from $68.78 to $72.38 (+5.2%) since Jul 26, 2026. Share price +5.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case ($52.07). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

$35.80 $16.57 Fair Value $72.38 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $16.57 – $35.80 · fair‑value band $52.07 – $92.68 · the $30.58 price screens below the $72.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Daiwa House Industry Co Ltd ADR (DWAHY) currently trades at $30.58, while our model-based Fair Value estimate is $72.38, implying the stock looks roughly 57.8% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Real Estate sector. How firm this estimate is: it rests on 16 models at a data quality of 94/100, which puts the evidence level at medium.

Over the trailing twelve months, Daiwa House Industry Co Ltd ADR generated revenue of $5.6T at a net margin of 6.3%. Revenue grew 4.2% year over year. It earns a return on equity of 12.5%. Net debt stands at $2.8T. Fundamentals as of Aug 13, 2026

Our scenario range runs from $52.07 (bear case) to $92.68 (bull case); at $30.58, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −19% fair-value upside, at 137%, DWAHY screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
EV/EBITDA $14,077 $19,567 $25,058 67
EV/EBIT $14,957 $20,741 $26,525 66
Residual Income $4,439 $5,400 $11,707 65
All 7 models by family
Multiples
P/S Multiple $7,652 $10,203 $12,753 58
P/B Multiple $7,046 $9,395 $11,743 55
EV/EBIT $14,957 $20,741 $26,525 66
EV/EBITDA $14,077 $19,567 $25,058 67
EV/Revenue $7,175 $11,276 $15,378 53
Asset-Based
NCAV (Graham) $2,349 $3,147 $4,697 54
Economic Profit
Residual Income $4,439 $5,400 $11,707 65

Widest divergence: Multiples ($11,276) versus Asset-Based ($3,147). Highest evidence: EV/EBITDA (67).

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Key figures & financial health

P/E ratio 8.6
P/S ratio 0.54 P/E × margin
EPS (TTM) $3.54 price ÷ EPS = P/E 8.6
Dividend yield 3.8% payout 32.8%
Net margin 6.3% FY2026
Return on equity 12.5% TTM
More key figures
Profitability
Return on assets (EBIT) 7.3% avg 5y
Operating margin 16.3% TTM
Growth
Revenue (TTM) $5.6T TTM
Revenue growth (YoY) +4.2% 3y avg +6.4%
EPS growth (YoY) +42.6%
Balance sheet & cash flow
Free cash flow −$323B FY2026
Net debt $2.8T FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 53

Profitability 40
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Daiwa House Industry Co., Ltd., together with its subsidiaries, engages in the construction work business in Japan, the United States, and internationally.

Full company description

Daiwa House Industry Co., Ltd., together with its subsidiaries, engages in the construction work business in Japan, the United States, and internationally. It operates through Single-Family Houses Business; Rental Housing Business; Condominiums Business; Commercial Facilities Business; Logistics, Business and Corporate Facilities Business; Environmental and Energy Business; and Other Businesses segments. The Single-Family Houses segment engages in the construction of single-family houses; and sale of house and land packages. Its Rental Housing segment is involved in rental housing development, construction, management, operation, and agency services. The Condominiums segment develops, sells, and manages condominiums. Its Logistics, Business and Corporate Facilities Business segment engages in the development, construction, management, and operation of commercial facilities. The Logistics, Business and Corporate Facilities Business segment engages in the development, construction, management, and operation of logistics, manufacturing facilities, medical, nursing care, and other facilities. Its Environmental Energy segment develops and constructs renewable energy power plants; and engages in renewable energy generation and electricity retail business. The company also engages in housing renovation and interiors; environmental energy and greening; asset management; agriculture; parking and carsharing; golf course; fitness club and aesthetic salon; home and shopping center; fee-based homes for the elderly; travel agency; insurance; credit card and financial services; information technology; cultivation; community development; resort hotel; and logistics, sports club management, and credit card businesses. Daiwa House Industry Co., Ltd. was incorporated in 1947 and is headquartered in Kita, Japan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Daiwa House Industry Co Ltd ADR reported revenue of ¥5.9T in FY2026 versus ¥4.4T in FY2022, a compound +7.4%/yr. Reported net income was ¥372B in FY2026, compounding +13.3%/yr from FY2022.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
$5.9T
Latest YoY
+8.8%
Avg. revenue growth/yr (3Y) 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.
+6.4%
Avg. revenue growth/yr (5Y) 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.
+7.5%
Avg. revenue growth/yr (29Y) 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.
+5.7%
Value creation/yr (5Y, in JPY) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+15.6% (11.8 + 3.8)
Revenue +7.4%/yr
FY22 ¥4.4T
FY23 ¥4.9T
FY24 ¥5.2T
FY25 ¥5.4T
FY26 ¥5.9T
Net income +13.3%/yr
FY22 ¥225B
FY23 ¥308B
FY24 ¥299B
FY25 ¥325B
FY26 ¥372B
Character of growth · EPS growth decomposed (2015-2026) +10.5 % p.a.
Revenue per share +6.8 %

of which total revenue +6.3 % · buybacks/dilution +0.5 %

EBIT margin +2.8 %
Tax rate +0.2 %
Residual (interest, one-offs) +0.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Daiwa House Industry Co Ltd ADR Fair Value". https://www.fairvalue-calculator.com/stock/DWAHY

Peer Group

Real Estate - Development · 567 stocks

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.

Quality Score 50 · Above median
Fair Value upside +137% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 6% · Below median
Operating margin (TTM) 16% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.66× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 8.6× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 45
FUTURE21 · sector 0
PAST50 · sector 11
HEALTH67 · sector 85
DIVIDEND76 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 80016 HK$109.70 HK$88.93 −19%
China Resources Land Limited 1109 HK$35.24 HK$72.16 +105%
Vinhomes Joint Stock Company VHM 71,700 VND 109,431 VND +53%
CK Asset Holdings 1113 HK$47.34 HK$68.85 +45%
Hongkong Land Holdings H78 $8.20 $1.52 −81%
DLF Limited DLF ₹667.10 ₹170.24 −74%
China Overseas Land & Investment Limited 0688 HK$13.76 HK$22.92 +67%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 −53%
Sino Land Company 0083 HK$10.33 HK$6.99 −32%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,925 IDR 1,325 IDR −78%

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Frequently asked questions

Is Daiwa House Industry Co Ltd ADR (DWAHY) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $72.38 versus a price of $30.58, about +137% upside (undervalued).
What is the fair value of DWAHY?
Our model-based fair value for Daiwa House Industry Co Ltd ADR is $72.38 (as of Aug 13, 2026), built from audited fundamentals. The current price: $30.58.
What is the quality score of DWAHY?
Daiwa House Industry Co Ltd ADR has a Quality Score of 49/100. 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 revenue of Daiwa House Industry Co Ltd ADR (DWAHY)?
Daiwa House Industry Co Ltd ADR reported trailing-twelve-month revenue of about $5.6T (latest available figure, as of Aug 13, 2026).
What is the net profit margin of DWAHY?
The net profit margin of Daiwa House Industry Co Ltd ADR is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does Daiwa House Industry Co Ltd ADR pay a dividend?
Daiwa House Industry Co Ltd ADR currently shows a dividend yield of about 3.80% relative to its recent price (as of Aug 13, 2026).
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