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Suntory Beverage & Food

DB:7SN
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7SN
DB
¥1,431B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Suntory Beverage & Food Limited, a soft drink company, manufactures and sells beverages and foods in Japan, Europe, Asia, Oceania, and the Americas. The last earnings update was 64 days ago. More info.


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7SN Share Price and Events
7 Day Returns
-1.5%
DB:7SN
-0.2%
DE Beverage
2.5%
DE Market
1 Year Returns
13.2%
DB:7SN
4.9%
DE Beverage
2.6%
DE Market
7SN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Suntory Beverage & Food (7SN) -1.5% -2.8% 1.1% 13.2% - -
DE Beverage -0.2% 2.3% -1.1% 4.9% 24.3% 68.1%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • 7SN outperformed the Beverage industry which returned 4.9% over the past year.
  • 7SN outperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
7SN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Suntory Beverage & Food 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 Suntory Beverage & Food 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 Suntory Beverage & Food.

DB:7SN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:7SN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 30.86%) (15.89%))
0.707
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:7SN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Suntory Beverage & Food is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:7SN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2020 83,766.90 Analyst x6 79,781.04
2021 85,514.05 Analyst x6 77,569.67
2022 90,985.00 Analyst x1 78,605.25
2023 94,607.00 Analyst x1 77,845.27
2024 97,051.22 Est @ 2.58% 76,056.65
2025 98,872.76 Est @ 1.88% 73,797.24
2026 100,239.39 Est @ 1.38% 71,257.27
2027 101,277.83 Est @ 1.04% 68,569.72
2028 102,081.54 Est @ 0.79% 65,825.23
2029 102,718.42 Est @ 0.62% 63,084.23
Present value of next 10 years cash flows ¥732,391.00
DB:7SN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥102,718.42 × (1 + 0.23%) ÷ (5% – 0.23%)
¥2,159,241.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,159,241.14 ÷ (1 + 5%)10
¥1,326,091.85
DB:7SN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥732,391.00 + ¥1,326,091.85
¥2,058,482.85
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥2,058,482.85 / 309.00
¥6661.76
DB:7SN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7SN represents 0.00829x of TSE:2587
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00829x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 6,661.76 x 0.00829
€55.25
Value per share (EUR) From above. €55.25
Current discount Discount to share price of €38.40
= -1 x (€38.40 - €55.25) / €55.25
30.5%

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

Current Discount
Amount off the current price Suntory Beverage & Food is available for.
Intrinsic value
30%
Share price is €38.4 vs Future cash flow value of €55.25
Current Discount Checks
For Suntory Beverage & Food to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Suntory Beverage & Food's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Suntory Beverage & Food'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 Suntory Beverage & Food's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Suntory Beverage & Food's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7SN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in JPY ¥228.14
TSE:2587 Share Price ** TSE (2019-10-11) in JPY ¥4630
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Suntory Beverage & Food.

DB:7SN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2587 Share Price ÷ EPS (both in JPY)

= 4630 ÷ 228.14

20.29x

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

  • Suntory Beverage & Food is good value based on earnings compared to the DE Beverage industry average.
  • Suntory Beverage & Food is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Suntory Beverage & Food's expected growth come at a high price?
Raw Data
DB:7SN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
5%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:7SN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.29x ÷ 5%

4.09x

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

  • Suntory Beverage & Food is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Suntory Beverage & Food's assets?
Raw Data
DB:7SN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in JPY ¥2,331.71
TSE:2587 Share Price * TSE (2019-10-11) in JPY ¥4630
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:7SN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2587 Share Price ÷ Book Value per Share (both in JPY)

= 4630 ÷ 2,331.71

1.99x

* Primary Listing of Suntory Beverage & Food.

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

  • Suntory Beverage & Food is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Suntory Beverage & Food'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Suntory Beverage & Food has a total score of 2/6, 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 Suntory Beverage & Food expected to perform in the next 1 to 3 years based on estimates from 11 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
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Suntory Beverage & Food expected to grow at an attractive rate?
  • Suntory Beverage & Food's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Suntory Beverage & Food's earnings growth is positive but not above the Germany market average.
  • Suntory Beverage & Food's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7SN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7SN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 5%
DB:7SN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 1.6%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.7%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:7SN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7SN Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,392,650 159,607 83,700 2
2022-12-31 1,368,400 155,985 80,950 2
2021-12-31 1,357,544 154,281 76,566 11
2020-12-31 1,333,134 150,684 73,222 11
2019-12-31 1,307,680 148,368 68,563 11
2019-10-12
DB:7SN Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-06-30 1,308,163 157,733 70,494
2019-03-31 1,302,839 157,172 70,242
2018-12-31 1,294,256 146,354 80,024
2018-09-30 1,111,044 106,898
2018-06-30 1,158,292 132,525 98,892
2018-03-31 1,200,657 91,821
2017-12-31 1,234,008 149,513 78,112
2017-09-30 1,439,969 46,662
2017-06-30 1,421,297 149,393 48,695
2017-03-31 1,410,123 46,762
2016-12-31 1,410,765 161,860 46,056
2016-09-30 1,425,861 40,267

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Suntory Beverage & Food's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • Suntory Beverage & Food's revenue is expected to grow by 1.6% 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:7SN 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 11 Analyst Estimates (S&P Global) See Below

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

DB:7SN Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 270.85 278.30 263.40 2.00
2022-12-31 262.00 266.70 257.30 2.00
2021-12-31 248.69 269.60 233.66 12.00
2020-12-31 237.44 253.10 226.50 12.00
2019-12-31 221.92 233.30 216.18 12.00
2019-10-12
DB:7SN Past Financials Data
Date (Data in JPY Millions) EPS *
2019-06-30 228.14
2019-03-31 227.32
2018-12-31 258.98
2018-09-30 345.95
2018-06-30 320.04
2018-03-31 297.16
2017-12-31 252.79
2017-09-30 151.01
2017-06-30 157.59
2017-03-31 151.33
2016-12-31 149.05
2016-09-30 130.31

*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.
  • Suntory Beverage & Food is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Suntory Beverage & Food'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 Europe 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.
Suntory Beverage & Food 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 Suntory Beverage & Food 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 Suntory Beverage & Food's growth in the last year to its industry (Beverage).
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.
  • Suntory Beverage & Food has delivered over 20% year on year earnings growth in the past 5 years.
  • Suntory Beverage & Food's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Suntory Beverage & Food's 1-year earnings growth is negative, it can't be compared to the DE Beverage industry average.
Earnings and Revenue History
Suntory Beverage & Food'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 Suntory Beverage & Food Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7SN Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,308,163.00 70,494.00 386,618.00
2019-03-31 1,302,839.00 70,242.00 388,847.00
2018-12-31 1,294,256.00 80,024.00 391,140.00
2018-09-30 1,111,044.00 106,898.00 161,499.00
2018-06-30 1,158,292.00 98,892.00 245,640.00
2018-03-31 1,200,657.00 91,821.00 320,256.00
2017-12-31 1,234,008.00 78,112.00 376,563.00
2017-09-30 1,439,969.00 46,662.00 635,698.00
2017-06-30 1,421,297.00 48,695.00 626,602.00
2017-03-31 1,410,123.00 46,762.00 621,438.00
2016-12-31 1,410,765.00 46,056.00 622,072.00
2016-09-30 1,425,861.00 40,267.00 630,557.00
2016-06-30 1,437,712.00 41,570.00 633,925.00
2016-03-31 1,419,616.00 43,977.00 619,672.00
2015-12-31 1,381,007.00 42,462.00 598,781.00
2015-09-30 1,337,558.00 44,020.00 580,280.00
2015-06-30 1,281,522.00 40,162.00 553,024.00
2015-03-31 1,258,610.00 37,924.00 542,618.00
2014-12-31 1,257,280.00 36,239.00 541,651.00
2014-09-30 1,224,890.00 37,517.00 531,828.00
2014-06-30 1,201,492.00 34,055.00 525,275.00
2014-03-31 1,172,432.00 31,219.00 517,236.00
2013-12-31 1,121,361.00 31,196.00 494,698.00
2013-09-30 1,082,043.00 32,288.00 487,942.00
2012-12-31 992,160.00 23,385.00 446,215.00

*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.
  • Suntory Beverage & Food has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Suntory Beverage & Food used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Suntory Beverage & Food's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Suntory Beverage & Food'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 Beverage 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.
Suntory Beverage & Food 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 Suntory Beverage & Food'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 Suntory Beverage & Food's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Suntory Beverage & Food's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Suntory Beverage & Food's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Suntory Beverage & Food'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x 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 Suntory Beverage & Food Company Filings, last reported 3 months ago.

DB:7SN Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 806,047.00 227,306.00 103,326.00
2019-03-31 802,153.00 243,937.00 93,814.00
2018-12-31 798,877.00 270,870.00 146,535.00
2018-09-30 807,309.00 289,648.00 121,665.00
2018-06-30 778,305.00 286,193.00 101,417.00
2018-03-31 761,805.00 327,611.00 113,524.00
2017-12-31 746,200.00 307,027.00 113,883.00
2017-09-30 634,513.00 295,969.00 91,662.00
2017-06-30 618,284.00 319,521.00 106,467.00
2017-03-31 587,825.00 313,842.00 80,853.00
2016-12-31 602,446.00 311,522.00 84,127.00
2016-09-30 554,875.00 336,314.00 105,067.00
2016-06-30 556,582.00 384,473.00 122,370.00
2016-03-31 592,349.00 401,368.00 97,521.00
2015-12-31 626,889.00 412,392.00 97,746.00
2015-09-30 628,382.00 428,675.00 110,144.00
2015-06-30 636,551.00 342,729.00 114,750.00
2015-03-31 602,338.00 339,146.00 89,338.00
2014-12-31 635,623.00 359,087.00 105,520.00
2014-09-30 599,318.00 346,576.00 104,459.00
2014-06-30 578,401.00 369,320.00 101,618.00
2014-03-31 573,082.00 344,178.00 62,867.00
2013-12-31 592,967.00 302,118.00 45,869.00
2013-09-30 546,627.00 313,786.00 284,945.00
2012-12-31 204,275.00 341,697.00 26,069.00
  • Suntory Beverage & Food's level of debt (26.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (63.7% vs 26.7% today).
  • Debt is well covered by operating cash flow (73.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 59.2x coverage).
X
Financial health checks
We assess Suntory Beverage & Food'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. Suntory Beverage & Food has a total score of 5/6, 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 Suntory Beverage & Food'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
1.68%
Current annual income from Suntory Beverage & Food dividends. Estimated to be 1.77% next year.
If you bought €2,000 of Suntory Beverage & Food shares you are expected to receive €34 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?
  • Suntory Beverage & Food's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Suntory Beverage & Food's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Upcoming dividend payment

Purchase Suntory Beverage & Food before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:7SN 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 11 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:7SN Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 90.50 2.00
2022-12-31 88.50 2.00
2021-12-31 83.25 12.00
2020-12-31 81.08 12.00
2019-12-31 78.25 12.00
2019-10-12
DB:7SN Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-08-09 78.000 1.682
2019-08-05 78.000 1.729
2019-03-29 78.000 1.666
2019-02-14 78.000 1.578
2018-11-05 78.000 1.640
2018-08-06 78.000 1.729
2018-03-30 78.000 1.574
2018-02-15 78.000 1.558
2017-08-07 74.000 1.457
2017-03-31 74.000 1.424
2017-02-13 74.000 1.566
2016-03-31 68.000 1.455
2016-02-12 68.000 1.405
2015-11-13 66.000 1.278
2015-11-04 66.000 1.357
2015-08-13 66.000 1.387
2015-08-06 66.000 1.209
2015-03-30 66.000 1.285
2015-02-13 66.000 1.413
2014-11-13 58.000 1.393
2014-11-05 58.000 1.381
2014-08-13 58.000 1.505
2014-08-05 58.000 1.476
2014-05-07 58.000 1.511
2014-03-31 58.000 1.643
2014-02-14 58.000 1.633

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

  • Whilst dividend payments have been stable, Suntory Beverage & Food has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Suntory Beverage & Food only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Suntory Beverage & Food's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x 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 Suntory Beverage & Food's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Suntory Beverage & Food afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Suntory Beverage & Food has a total score of 2/6, 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 Suntory Beverage & Food'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
Kazuhiro Saito
CEO Bio

Mr. Kazuhiro Saito serves as President, Chief Executive Officer and Representative Director at Suntory Beverage & Food Limited. He served as Managing Executive Officer of Suntory Beverage & Food Limited until April 5, 2016. Mr. Saito served as President of Suntory (China) Holding Co., Ltd. Mr. Saito served as Executive Officer of Suntory Holdings Limited.

CEO Compensation
  • Insufficient data for Kazuhiro to compare compensation growth.
  • Insufficient data for Kazuhiro to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Suntory Beverage & Food management team in years:

2.5
Average Tenure
  • The tenure for the Suntory Beverage & Food management team is about average.
Management Team

Kazuhiro Saito

TITLE
President

Yuji Yamazaki

TITLE
Senior Managing Executive Officer & Director
AGE
62

Hideo Tsujimura

TITLE
Executive VP
TENURE
2.5 yrs

Peter Harding

TITLE
Chief Executive Officer of Europe Division
TENURE
1.2 yrs

Masato Tsuchida

TITLE
Managing Executive Officer
AGE
57
TENURE
2.5 yrs

Yuji Sawa

TITLE
Managing Executive Officer

Haruhisa Inada

TITLE
Managing Executive Officer
TENURE
3.5 yrs

Makiko Ono

TITLE
Managing Executive Officer & Senior GM of Global Corporate Communication Department
TENURE
2.5 yrs

Shinichiro Yanai

TITLE
Managing Executive Officer
TENURE
4.1 yrs

Naoto Okinaka

TITLE
Executive Officer
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the Suntory Beverage & Food board of directors in years:

2.5
Average Tenure
62
Average Age
  • The average tenure for the Suntory Beverage & Food board of directors is less than 3 years, this suggests a new board.
Board of Directors

Saburo Kogo

TITLE
Chairman of the Board
COMPENSATION
¥126M
AGE
65

Kazuhiro Saito

TITLE
President

Yuji Yamazaki

TITLE
Senior Managing Executive Officer & Director
AGE
62
TENURE
1.5 yrs

Hideo Tsujimura

TITLE
Executive VP
TENURE
2.5 yrs

Josuke Kimura

TITLE
Managing Executive Officer & Director
TENURE
1.5 yrs

Nobuhiro Torii

TITLE
Director
COMPENSATION
¥122M
AGE
53
TENURE
8.8 yrs

Harumichi Uchida

TITLE
Outside Director
AGE
72

Yukari Inoue

TITLE
Outside Director
AGE
57

Kozo Chiji

TITLE
Director
TENURE
3.5 yrs

Mika Masuyama

TITLE
Outside Director
TENURE
2.5 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 Suntory Beverage & Food'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. Suntory Beverage & Food 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

Suntory Beverage & Food Limited, a soft drink company, manufactures and sells beverages and foods in Japan, Europe, Asia, Oceania, and the Americas. The company offers mineral water, ready-to-drink (RTD) coffee, RTD tea, carbonates, functional drinks, fruit juices, and processed food. It also provides health foods. The company sells its products under the Suntory Tennensui, Boss, Suntory Green Tea Iyemon, Suntory Iyemon Tokucha, Suntory Oolong Tea, Green DAKARA, Pepsi, Orangina, C.C. Lemon, Natchan!, and Suntory Black Oolong Tea brand names. Suntory Beverage & Food Limited is headquartered in Tokyo, Japan. Suntory Beverage & Food Limited is a subsidiary of Suntory Holdings Limited.

Details
Name: Suntory Beverage & Food Limited
7SN
Exchange: DB
Founded:
¥11,927,741,594
309,000,000
Website: http://www.suntory.com/sbf/
Address: Suntory Beverage & Food Limited
TOKYO SQUARE GARDEN,
3-1-1 Kyobashi,
Tokyo,
104-0031,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2587 Common Shares The Tokyo Stock Exchange JP JPY 03. Jul 2013
OTCPK STBF.F Common Shares Pink Sheets LLC US USD 03. Jul 2013
DB 7SN Common Shares Deutsche Boerse AG DE EUR 03. Jul 2013
OTCPK STBF.Y ADS Pink Sheets LLC US USD 30. Sep 2013
Number of employees
Current staff
Staff numbers
24,142
Suntory Beverage & Food employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:29
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/02
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.