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SBI Holdings

DB:ZOF
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZOF
DB
¥352B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

SBI Holdings, Inc. engages in the online financial service businesses and investment activities in Japan and internationally. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • SBI Holdings has significant price volatility in the past 3 months.
ZOF Share Price and Events
7 Day Returns
-9.3%
DB:ZOF
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-37.6%
DB:ZOF
-6.9%
DE Capital Markets
-17.2%
DE Market
ZOF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SBI Holdings (ZOF) -9.3% -29.1% -32.4% -37.6% 0.8% 9.7%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • ZOF underperformed the Capital Markets industry which returned -6.9% over the past year.
  • ZOF underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
ZOF
Industry
5yr Volatility vs Market

Value

 Is SBI Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SBI Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SBI Holdings.

DB:ZOF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= ¥2,348.61 * 10.7%
¥251.73
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. ¥2,348.61
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ZOF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 30.86%) (325.81%))
1.971
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.971 * 6.33%)
12.08%

Discounted Cash Flow Calculation for DB:ZOF using Excess Returns Model Model

The calculations below outline how an intrinsic value for SBI Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:ZOF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.7% – 12.08%) * ¥2,348.61)
¥-32.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-32.08 / (12.08% - -0.39%)
¥-257.18
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥2,348.61 + ¥-257.18
¥2091.43
DB:ZOF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ZOF represents 0.00832x of TSE:8473
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00832x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,091.43 x 0.00832
€17.41
Value per share (EUR) From above. €17.41
Current discount Discount to share price of €12.70
= -1 x (€12.70 - €17.41) / €17.41
27%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SBI Holdings is available for.
Intrinsic value
27%
Share price is €12.7 vs Future cash flow value of €17.41
Current Discount Checks
For SBI Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SBI Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SBI Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SBI Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SBI Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ZOF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥223.90
TSE:8473 Share Price ** TSE (2020-04-01) in JPY ¥1526
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SBI Holdings.

DB:ZOF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8473 Share Price ÷ EPS (both in JPY)

= 1526 ÷ 223.90

6.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SBI Holdings is good value based on earnings compared to the DE Capital Markets industry average.
  • SBI Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SBI Holdings's expected growth come at a high price?
Raw Data
DB:ZOF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
11.4%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:ZOF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.82x ÷ 11.4%

0.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SBI Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SBI Holdings's assets?
Raw Data
DB:ZOF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,019.50
TSE:8473 Share Price * TSE (2020-04-01) in JPY ¥1526
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:ZOF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8473 Share Price ÷ Book Value per Share (both in JPY)

= 1526 ÷ 2,019.50

0.76x

* Primary Listing of SBI Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SBI Holdings is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess SBI Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. SBI Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SBI Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SBI Holdings expected to grow at an attractive rate?
  • SBI Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SBI Holdings's earnings growth is positive but not above the Germany market average.
  • SBI Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ZOF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ZOF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 11.4%
DB:ZOF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.4%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ZOF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ZOF Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 408,169 71,723 2
2023-03-31 395,593 62,032 2
2022-03-31 386,856 53,594 5
2021-03-31 373,326 50,450 5
2020-04-01
2020-03-31 366,452 40,304 2
DB:ZOF Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 382,022 8,905 51,304
2019-09-30 366,805 -77,743 46,850
2019-06-30 352,204 -115,895 46,346
2019-03-31 351,411 -71,665 52,548
2018-12-31 344,478 -116,186 48,937
2018-09-30 372,091 57,840 59,887
2018-06-30 359,434 -46,434 52,557
2018-03-31 337,017 -33,235 46,684
2017-12-31 315,494 -37,433 43,786
2017-09-30 282,334 -31,747 38,646
2017-06-30 266,890 166 36,739
2017-03-31 261,939 -17,952 32,455

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SBI Holdings's earnings are expected to grow by 11.4% yearly, however this is not considered high growth (20% yearly).
  • SBI Holdings's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ZOF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from SBI Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZOF Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 312.60 316.10 309.10 2.00
2023-03-31 270.30 288.00 252.60 2.00
2022-03-31 237.08 270.68 192.90 6.00
2021-03-31 223.18 259.49 182.10 6.00
2020-04-01
2020-03-31 199.61 224.65 168.00 4.00
DB:ZOF Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 223.90
2019-09-30 203.49
2019-06-30 202.51
2019-03-31 231.43
2018-12-31 217.54
2018-09-30 271.03
2018-06-30 243.28
2018-03-31 220.54
2017-12-31 211.34
2017-09-30 190.74
2017-06-30 181.25
2017-03-31 159.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SBI Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SBI Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SBI Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SBI Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SBI Holdings's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SBI Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • SBI Holdings's 1-year earnings growth is less than its 5-year average (4.8% vs 7.8%)
  • SBI Holdings's earnings growth has exceeded the DE Capital Markets industry average in the past year (4.8% vs 3.2%).
Earnings and Revenue History
SBI Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SBI Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZOF Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 382,022.00 51,304.00 108,535.00 8,517.00
2019-09-30 366,805.00 46,850.00 105,293.00 8,517.00
2019-06-30 352,204.00 46,346.00 99,538.00 8,517.00
2019-03-31 351,411.00 52,548.00 95,954.00 8,517.00
2018-12-31 344,478.00 48,937.00 108,553.00
2018-09-30 372,091.00 59,887.00 87,680.00 7,749.00
2018-06-30 359,434.00 52,557.00 86,426.00 7,749.00
2018-03-31 337,017.00 46,684.00 83,309.00 7,749.00
2017-12-31 315,494.00 43,786.00 98,009.00
2017-09-30 282,334.00 38,646.00 95,931.00
2017-06-30 266,890.00 36,739.00 76,766.00 8,622.00
2017-03-31 261,939.00 32,455.00 78,126.00 8,622.00
2016-12-31 276,135.00 38,995.00 81,654.00 4,613.00
2016-09-30 267,845.00 35,147.00 81,891.00 4,613.00
2016-06-30 258,975.00 30,282.00 82,633.00 4,613.00
2016-03-31 261,744.00 34,115.00 82,259.00 4,613.00
2015-12-31 249,874.00 30,485.00 82,882.00 2,685.00
2015-09-30 246,840.00 33,096.00 82,289.00 2,685.00
2015-06-30 267,282.00 50,368.00 93,128.00
2015-03-31 245,045.00 45,721.00 79,002.00 2,685.00
2014-12-31 229,962.00 36,744.00 79,701.00 2,943.00
2014-09-30 218,096.00 29,656.00 80,692.00 2,943.00
2014-06-30 197,215.00 12,078.00 94,682.00
2014-03-31 232,822.00 21,439.00 83,036.00 2,943.00
2013-12-31 220,023.00 22,263.00 92,070.00
2013-09-30 214,007.00 22,136.00 86,471.00
2013-06-30 196,982.00 18,068.00 82,065.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SBI Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SBI Holdings used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • SBI Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SBI Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SBI Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SBI Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SBI Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SBI Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SBI Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SBI Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SBI Holdings Company Filings, last reported 3 months ago.

DB:ZOF Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 611,574.00 1,146,928.00 2,634,207.00
2019-09-30 591,314.00 1,032,394.00 2,515,486.00
2019-06-30 554,528.00 1,068,149.00 2,351,055.00
2019-03-31 562,557.00 962,965.00 2,317,133.00
2018-12-31 543,864.00 1,556,643.00 782,508.00
2018-09-30 556,143.00 1,001,964.00 2,565,373.00
2018-06-30 491,439.00 523,428.00 1,888,681.00
2018-03-31 493,824.00 571,277.00 1,947,227.00
2017-12-31 484,831.00 913,733.00 343,264.00
2017-09-30 450,112.00 845,734.00 370,754.00
2017-06-30 412,633.00 432,000.00 1,803,117.00
2017-03-31 415,524.00 518,977.00 1,791,423.00
2016-12-31 407,363.00 359,350.00 1,710,932.00
2016-09-30
2016-06-30 398,793.00 372,123.00 1,379,913.00
2016-03-31 419,063.00 324,585.00 1,387,958.00
2015-12-31 419,024.00 367,062.00 1,521,944.00
2015-09-30 410,452.00 423,118.00 1,482,753.00
2015-06-30 423,908.00 684,099.00 304,673.00
2015-03-31 430,615.00 374,771.00 1,541,504.00
2014-12-31 426,726.00 365,311.00 1,598,313.00
2014-09-30 407,519.00 340,029.00 1,346,870.00
2014-06-30
2014-03-31 388,463.00 440,112.00 1,211,718.00
2013-12-31 394,198.00 659,229.00 303,231.00
2013-09-30 381,967.00 560,164.00 206,945.00
2013-06-30 379,681.00 520,427.00 175,154.00
  • SBI Holdings's level of debt (187.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (85.6% vs 187.5% today).
  • Debt is not well covered by operating cash flow (0.8%, less than 20% of total debt).
  • SBI Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess SBI Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SBI Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SBI Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.23%
Current annual income from SBI Holdings dividends. Estimated to be 7.29% next year.
If you bought €2,000 of SBI Holdings shares you are expected to receive €125 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SBI Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • SBI Holdings's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ZOF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ZOF Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 120.00 2.00
2023-03-31 117.50 2.00
2022-03-31 110.83 6.00
2021-03-31 106.67 6.00
2020-04-01
2020-03-31 102.50 6.00
DB:ZOF Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 95.000 4.200
2019-04-26 95.000 3.739
2018-06-28 85.000 3.223
2018-04-26 85.000 2.868
2018-01-30 70.000 2.763
2017-06-29 50.000 2.810
2017-04-28 50.000 3.390
2016-06-29 45.000 3.361
2016-04-28 45.000 4.022
2016-02-12 20.000 1.803
2016-01-29 20.000 1.830
2015-11-12 20.000 1.560
2015-10-29 20.000 1.431
2015-06-03 30.000 1.917
2014-06-30 20.000 1.494
2014-05-08 20.000 1.682
2014-02-05 20.000 1.642
2013-05-09 10.000 0.779
2012-08-09 10.000 1.510
2012-04-26 10.000 1.830
2011-04-27 10.000 1.477
2010-06-29 5.000 0.458
2010-04-27 5.000 0.344
2009-06-26 10.000 0.567
2009-04-27 10.000 0.634

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SBI Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SBI Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SBI Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SBI Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SBI Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yoshitaka Kitao
AGE 68
TENURE AS CEO 7.8 years
CEO Bio

Mr. Yoshitaka Kitao is the President and Chief Executive Officer of SBI Holdings, Inc., which was established in July 1999. Mr. Kitao began his career at Nomura Securities Co., Ltd., where he was mainly engaged in the investment banking business. He joined SoftBank Corp. in 1995 as Executive Vice President and CFO, and was then appointed CEO of the Softbank Finance group companies. Mr. Kitao graduated from Keio University with Degree in Economics in 1974 and received Economics Degree from Cambridge University (England) in 1978.

CEO Compensation
  • Yoshitaka's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Yoshitaka to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SBI Holdings management team in years:

4.8
Average Tenure
54.5
Average Age
  • The tenure for the SBI Holdings management team is about average.
Management Team

Yoshitaka Kitao

TITLE
Chairman of the Board
AGE
68
TENURE
7.8 yrs

Katsuya Kawashima

TITLE
Senior EVP
AGE
56
TENURE
1.8 yrs

Takashi Nakagawa

TITLE
Senior EVP
AGE
56

Masato Takamura

TITLE
Senior EVP
AGE
50
TENURE
3.8 yrs

Shumpei Morita

TITLE
Senior MD
COMPENSATION
¥18M
AGE
45
TENURE
8.4 yrs

Motoaki Shiino

TITLE
General Manager of Corporate Communications Department and Executive Officer
TENURE
4.8 yrs

Corinna Leung

TITLE
Secretary
AGE
51

Kenji Hirai

TITLE
Executive Officer
COMPENSATION
¥8M
AGE
54

Makoto Miyazaki

TITLE
Executive Officer
COMPENSATION
¥7M
AGE
55

Kazuhito Uchio

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the SBI Holdings board of directors in years:

6.8
Average Tenure
56
Average Age
  • The tenure for the SBI Holdings board of directors is about average.
Board of Directors

Yoshitaka Kitao

TITLE
Chairman of the Board
AGE
68

Katsuya Kawashima

TITLE
Senior EVP
AGE
56

Takashi Nakagawa

TITLE
Senior EVP
AGE
56

Masato Takamura

TITLE
Senior EVP
AGE
50
TENURE
6.8 yrs

Shumpei Morita

TITLE
Senior MD
COMPENSATION
¥18M
AGE
45
TENURE
10.8 yrs

Masaki Yoshida

TITLE
Director
COMPENSATION
¥12M
AGE
60
TENURE
9.8 yrs

Masayuki Yamada

TITLE
Director
AGE
57
TENURE
3.8 yrs

Teru Sato

TITLE
Independent Outside Director
AGE
44
TENURE
6.8 yrs

Heizo Takenaka

TITLE
Independent Outside Director
AGE
68
TENURE
3.8 yrs

Yasuhiro Suzuki

TITLE
Independent Outside Director
AGE
54
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess SBI Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SBI Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

SBI Holdings, Inc. engages in the online financial service businesses and investment activities in Japan and internationally. It operates through Financial Services Business, Asset Management Business, and Biotechnology-Related Business segments. The Financial Services Business segment offers financial products and services, including brokerage and investment banking; Internet banking; auto, cancer, fire, and earthquake, as well as life insurance; short term insurance; FX brokerage; exchange and transaction services related to crypto-assets; management of defined-contribution pension, etc.; leasing and lending services; operation of proprietary trading system; control and operation of the e-commerce settlement business; and remittance and back office support services. The Asset Management Business segment provides private equity, venture capital fund management, M&A advisory, savings bank, online securities, commercial banking, investment advisory and management, fintech support, and rating information services; real estate secured loans; and rent guarantees for rental housing, as well as generates power using renewable energy. The Biotechnology-Related Business segment develops and distributes pharmaceutical products, health foods, and cosmetics; and researches and develops antibody drugs and nucleic acid medicines in the field of cancer and immunology. The company also offers investment advisory services on crypto-asset funds; operates a fund-raising platform; acquires securities; operates as a crypto-asset broker; develops, manufactures, and sells crypto-asset mining systems; operates and develops cybersecurity systems; provides blockchain platform; invests in real estate properties; and offers healthcare services, as well as engages in the mining of digital assets. The company was formerly known as Softbank Investment Corporation and changed its name to SBI Holdings, Inc. in July 2005. SBI Holdings, Inc. was founded in 1999 and is headquartered in Tokyo, Japan.

Details
Name: SBI Holdings, Inc.
ZOF
Exchange: DB
Founded: 1999
¥2,977,062,058
230,681,255
Website: http://www.sbigroup.co.jp
Address: SBI Holdings, Inc.
Izumi Garden Tower,
19th Floor,
Tokyo,
106-6019,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8473 Common Stock The Tokyo Stock Exchange JP JPY 15. Dec 2000
OTCPK SBHG.F Common Stock Pink Sheets LLC US USD 15. Dec 2000
DB ZOF Common Stock Deutsche Boerse AG DE EUR 15. Dec 2000
Number of employees
Current staff
Staff numbers
7,684
SBI Holdings employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 21:22
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.