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Japanese nonferrous metals group smelting copper, zinc and precious metals, and recycling e-waste for metal recovery.
Japanese nonferrous metals group smelting copper, zinc and precious metals, and recycling e-waste for metal recovery.
Earns processing fees from taking in scrap electronics, industrial waste and mine concentrates and extracting copper, zinc and precious metals from them, plus the metal sold. Electronic-materials and metal-processing divisions sell to electronics and car makers.
In one line: A Japanese Freeport-McMoRan with a strong metals-recycling business.
Moat: narrow (scale, process know-how). Advanced multi-metal recovery from e-waste/scrap is technically hard to replicate at scale.
Headquarters: Tokyo, Japan · Founded: 1937 · Employees: 8,355
Size Dowa (5714.T) is a Japan Materials company (Other Metals/Minerals) with a market value of $2.78B, the 383rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥7,375 on 6 Nov 2026.
Performance Over six months the shares fell 22.2%, against -27.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 29.1% over the last twelve months (peer median +43.0%); the operating margin is 6.2% (peer median 12.3%).
Valuation It trades at 6.9× forward earnings against a peer median of 15.6× (3rd cheapest of 15).
Capital Return on invested capital runs 2.8 points below its cost of capital (8.8% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥839B | ¥745B | ¥679B | ¥717B | ¥780B |
| Revenue growth | — | +10% | -5% | -8% | — |
| Gross profit | ¥109B | ¥86.9B | ¥83.4B | ¥78.8B | ¥88.8B |
| EBITDA | ¥83.8B | ¥65.7B | ¥61.5B | ¥55.8B | ¥69.1B |
| Net income | ¥79.5B | ¥62.5B | ¥27.1B | ¥27.9B | ¥25.0B |
| Free cash flow | n/a | -¥29.4B | -¥33.0B | ¥82.2B | ¥21.0B |
| Capital expenditure | n/a | ¥35.2B | ¥47.2B | ¥38.4B | ¥33.1B |
| Total debt | ¥167B | ¥149B | ¥136B | ¥116B | ¥159B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dowa 5714.T | $2.78B | -22% | +29% | 6% | 6.9× | n/a |
| Sumitomo Metal Mining 5713.T | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% |
| JX Advanced Metals 5016.T | $14.6B | -49% | +30% | 11% | 12.7× | 22.2% |
| Mitsubishi Materials 5711.T | $3.21B | -24% | +7% | 5% | 3.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5714.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.9% | -18.8% | 9th highest of 21 |
| 6-month return | -22.2% | -27.6% | 9th highest of 20 |
| Distance from 52-week high | -40.4% | -51.9% | 6th highest of 21 |
| Revenue growth (TTM) | +29.1% | +43.0% | 9th lowest of 20 |
| Operating margin | 6.2% | 12.3% | 8th lowest of 20 |
| Forward P/E | 6.9× | 15.6× | 3rd cheapest of 15 |
| ROIC minus cost of capital | -2.8 pp | -0.9 pp | 8th lowest of 20 |
| EV / EBITDA | 6.8× | 21.8× | 3rd cheapest of 7 |
| Net debt / EBITDA | 1.4× | -1.8× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dowa 5714.T | Japan | $2.78B | -22% | +29% | 6% | 6.9× | n/a | n/a |
| Chengxin Lithium 002240.SZ | China | $2.79B | -66% | +226% | 20% | 11.3× | n/a | n/a |
| Western Metal Materials 002149.SZ | China | $2.76B | -41% | +3% | 0% | 139.8× | 54.3% | +9.7% |
| Shengda Resources 000603.SZ | China | $2.75B | -27% | +25% | 47% | 15.8× | 12.8% | +8.5% |
| Zhuzhou Smelter 600961.SS | China | $2.85B | -33% | +23% | 12% | 6.7× | -1.6% | +8.5% |
| Sanxiang Advanced Materials 603663.SS | China | $2.65B | -10% | +5% | 18% | 44.4× | 48.1% | +9.7% |
| North Copper 000737.SZ | China | $2.97B | -28% | +54% | 9% | n/a | -3.9% | +26.8% |
| IGO IGO.AX | Australia | $2.60B | -45% | -12% | -31% | 8.9× | 17.2% | -6.5% |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| Ero Copper ERO.TO | Canada | $3.03B | +10% | +106% | 40% | 5.9× | 0.4% | +20.4% |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| Ningxia Orient Tantalum Industry 000962.SZ | China | $3.08B | -11% | +43% | 12% | 54.0× | n/a | n/a |
| China Rare Earth Nonferrous Metals 600259.SS | China | $3.13B | -33% | -43% | 4% | 34.1× | n/a | n/a |
| Chongyi Zhangyuan Tungsten 002378.SZ | China | $3.18B | -48% | +105% | 12% | n/a | n/a | n/a |
| Hunan Silver 002716.SZ | China | $3.19B | -35% | +50% | 4% | n/a | n/a | n/a |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Zhejiang Wazam New Material 603186.SS | China | $3.33B | +79% | +60% | 14% | 58.0× | 24.9% | +13.9% |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| NGEx Minerals NGEX.TO | Canada | $3.37B | -15% | n/a | n/a | n/a | n/a | n/a |