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Sapporo Holdings

DB:SBW
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBW
DB
¥215B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Sapporo Holdings Limited engages in alcoholic beverages, foods and soft drinks, restaurants, and real estate businesses in Japan, rest of Asia, North America, and internationally. The last earnings update was 61 days ago. More info.


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SBW Share Price and Events
7 Day Returns
-0.9%
DB:SBW
-0.5%
DE Beverage
2.8%
DE Market
1 Year Returns
32%
DB:SBW
5.6%
DE Beverage
3%
DE Market
SBW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sapporo Holdings (SBW) -0.9% 4.9% 19.8% 32% -5.9% 57.5%
DE Beverage -0.5% 2.4% -0.7% 5.6% 30% 68%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • SBW outperformed the Beverage industry which returned 5.6% over the past year.
  • SBW outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
SBW
Industry
5yr Volatility vs Market

Value

 Is Sapporo 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 Sapporo 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 Sapporo Holdings.

DB:SBW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:SBW
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%) (125.21%))
0.964
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.964 * 5.96%)
5.98%

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

The calculations below outline how an intrinsic value for Sapporo Holdings 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:SBW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.98%)
2020 17,649.95 Analyst x4 16,654.66
2021 16,344.10 Analyst x4 14,552.77
2022 10,400.00 Analyst x1 8,737.96
2023 7,428.14 Est @ -28.58% 5,889.11
2024 5,947.38 Est @ -19.93% 4,449.26
2025 5,121.55 Est @ -13.89% 3,615.39
2026 4,627.23 Est @ -9.65% 3,082.25
2027 4,317.78 Est @ -6.69% 2,713.93
2028 4,118.60 Est @ -4.61% 2,442.76
2029 3,988.42 Est @ -3.16% 2,232.15
Present value of next 10 years cash flows ¥64,370.00
DB:SBW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥3,988.42 × (1 + 0.23%) ÷ (5.98% – 0.23%)
¥69,545.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥69,545.68 ÷ (1 + 5.98%)10
¥38,921.83
DB:SBW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥64,370.00 + ¥38,921.83
¥103,291.83
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥103,291.83 / 77.90
¥1325.98
DB:SBW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SBW represents 0.00835x of TSE:2501
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00835x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,325.98 x 0.00835
€11.07
Value per share (EUR) From above. €11.07
Current discount Discount to share price of €23.00
= -1 x (€23.00 - €11.07) / €11.07
-107.8%

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

  • The current share price of Sapporo Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Sapporo Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sapporo Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SBW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in JPY ¥131.30
TSE:2501 Share Price ** TSE (2019-10-11) in JPY ¥2756
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 Sapporo Holdings.

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

= TSE:2501 Share Price ÷ EPS (both in JPY)

= 2756 ÷ 131.30

20.99x

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

  • Sapporo Holdings is good value based on earnings compared to the DE Beverage industry average.
  • Sapporo Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Sapporo Holdings's expected growth come at a high price?
Raw Data
DB:SBW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
7.5%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.99x ÷ 7.5%

2.81x

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

  • Sapporo Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sapporo Holdings's assets?
Raw Data
DB:SBW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in JPY ¥2,095.17
TSE:2501 Share Price * TSE (2019-10-11) in JPY ¥2756
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:SBW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2501 Share Price ÷ Book Value per Share (both in JPY)

= 2756 ÷ 2,095.17

1.32x

* Primary Listing of Sapporo Holdings.

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

  • Sapporo Holdings is good value based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Sapporo 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 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. Sapporo Holdings 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 Sapporo Holdings expected to perform in the next 1 to 3 years based on estimates from 6 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
7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sapporo Holdings expected to grow at an attractive rate?
  • Sapporo Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sapporo Holdings's earnings growth is positive but not above the Germany market average.
  • Sapporo Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SBW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SBW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 7.5%
DB:SBW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -0.7%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
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 5%

*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:SBW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SBW Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 483,900 37,000 11,100 1
2021-12-31 529,551 39,144 9,640 6
2020-12-31 525,373 40,375 9,150 6
2019-12-31 527,843 35,831 7,780 6
2019-10-13
DB:SBW Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-06-30 523,019 33,390 10,227
2019-03-31 519,320 29,900 9,217
2018-12-31 521,856 30,830 8,521
2018-09-30 517,538 4,766
2018-06-30 535,318 24,582 8,239
2018-03-31 545,102 8,998
2017-12-31 536,585 33,794 7,187
2017-09-30 550,422 9,624
2017-06-30 550,858 34,233 9,226
2017-03-31 548,244 9,168
2016-12-31 541,847 32,570 9,469
2016-09-30 537,871 9,460

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sapporo Holdings's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
  • Sapporo Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:SBW 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 6 Analyst Estimates (S&P Global) See Below

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

DB:SBW Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 142.50 142.50 142.50 1.00
2021-12-31 125.70 142.00 109.10 4.00
2020-12-31 114.29 128.50 106.60 5.00
2019-12-31 98.11 109.20 82.14 5.00
2019-10-13
DB:SBW Past Financials Data
Date (Data in JPY Millions) EPS *
2019-06-30 131.30
2019-03-31 118.33
2018-12-31 109.40
2018-09-30 61.18
2018-06-30 105.77
2018-03-31 115.52
2017-12-31 92.27
2017-09-30 123.55
2017-06-30 118.44
2017-03-31 117.69
2016-12-31 121.55
2016-09-30 121.43

*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.
  • Sapporo Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sapporo 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 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.
Sapporo 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 Sapporo 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 Sapporo Holdings'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.
  • Sapporo Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Sapporo Holdings's 1-year earnings growth exceeds its 5-year average (24.1% vs 21.5%)
  • Sapporo Holdings's earnings growth has exceeded the DE Beverage industry average in the past year (24.1% vs -2%).
Earnings and Revenue History
Sapporo 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 Sapporo Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SBW Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 523,019.00 10,227.00 143,726.00
2019-03-31 519,320.00 9,217.00 144,703.00
2018-12-31 521,856.00 8,521.00 145,237.00
2018-09-30 517,538.00 4,765.50 124,272.00
2018-06-30 535,318.00 8,239.00 162,782.00
2018-03-31 545,102.00 8,998.00 169,846.00
2017-12-31 536,585.00 7,187.00 145,587.00
2017-09-30 550,422.00 9,624.00 175,387.00
2017-06-30 550,858.00 9,226.00 173,951.00
2017-03-31 548,244.00 9,168.00 172,264.00
2016-12-31 541,847.00 9,469.00 169,159.00
2016-09-30 537,871.00 9,460.00 166,172.00
2016-06-30 536,823.00 5,409.00 166,810.00
2016-03-31 536,682.00 3,220.00 166,898.00
2015-12-31 533,748.00 6,108.00 166,990.00
2015-09-30 527,508.00 8,865.00 167,019.00
2015-06-30 524,763.00 12,432.00 166,915.00
2015-03-31 515,114.00 5,037.00 165,994.00
2014-12-31 518,741.00 340.00 167,624.00
2014-09-30 519,684.00 -2,630.00 168,269.00
2014-06-30 518,472.00 -1,665.00 167,207.00
2014-03-31 521,420.00 8,704.00 166,013.00
2013-12-31 509,835.00 9,452.00 164,885.00
2013-09-30 507,241.00 10,271.00 163,787.00
2013-06-30 500,672.00 8,483.00 163,822.00
2013-03-31 495,600.00 6,451.00 164,268.00
2012-12-31 492,491.00 5,394.00 164,959.00

*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.
  • Sapporo Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sapporo Holdings used its assets less efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Sapporo Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sapporo 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 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.
Sapporo Holdings has a total score of 3/6, 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 Sapporo 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 Sapporo Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sapporo Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sapporo Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sapporo 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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x 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 Sapporo Holdings Company Filings, last reported 3 months ago.

DB:SBW Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 165,732.00 236,731.00 8,746.00
2019-03-31 166,303.00 229,790.00 12,277.00
2018-12-31 164,735.00 228,346.00 14,779.00
2018-09-30 164,735.00 228,346.00 14,779.00
2018-06-30 161,795.00 237,654.00 9,803.00
2018-03-31 159,708.00 231,089.00 9,329.00
2017-12-31 175,710.00 233,900.00 21,644.00
2017-09-30 171,898.00 238,544.00 13,084.00
2017-06-30 165,584.00 231,695.00 10,521.00
2017-03-31 159,618.00 233,346.00 9,428.00
2016-12-31 166,379.00 238,141.00 10,589.00
2016-09-30 155,746.00 228,463.00 13,296.00
2016-06-30 151,320.00 238,787.00 12,474.00
2016-03-31 154,663.00 239,701.00 12,129.00
2015-12-31 163,821.00 234,741.00 10,430.00
2015-09-30 156,828.00 232,546.00 10,225.00
2015-06-30 161,926.00 243,359.00 10,539.00
2015-03-31 158,621.00 249,205.00 9,259.00
2014-12-31 160,007.00 247,557.00 9,781.00
2014-09-30 149,253.00 252,063.00 11,503.00
2014-06-30 142,396.00 261,162.00 10,886.00
2014-03-31 146,544.00 247,018.00 10,717.00
2013-12-31 155,367.00 247,828.00 11,553.00
2013-09-30 149,425.00 244,789.00 9,818.00
2013-06-30 140,061.00 259,930.00 10,065.00
2013-03-31 134,859.00 261,944.00 9,973.00
2012-12-31 134,947.00 257,647.00 9,755.00
  • Sapporo Holdings's level of debt (142.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (176.6% vs 142.8% today).
  • Debt is not well covered by operating cash flow (14.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.5x coverage).
X
Financial health checks
We assess Sapporo 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. Sapporo Holdings has a total score of 2/6, 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 Sapporo 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
1.52%
Current annual income from Sapporo Holdings dividends. Estimated to be 1.6% next year.
If you bought €2,000 of Sapporo Holdings shares you are expected to receive €30 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?
  • Sapporo Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Sapporo Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Upcoming dividend payment

Purchase Sapporo Holdings 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:SBW 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 6 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 0.7%
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:SBW Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 55.00 1.00
2021-12-31 44.75 4.00
2020-12-31 43.25 4.00
2019-12-31 42.20 5.00
2019-10-13
DB:SBW Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-07-16 42.000 1.651
2019-03-29 42.000 1.818
2019-02-13 42.000 1.707
2018-03-30 40.000 1.565
2018-02-15 40.000 1.305
2017-03-31 37.000 1.144
2017-02-13 37.000 1.271
2016-08-03 35.000 1.232
2016-03-31 35.000 1.202
2016-01-15 35.000 1.323
2015-03-30 35.000 1.448
2015-03-02 35.000 1.461
2015-02-12 35.000 1.490
2014-03-31 35.000 1.555
2014-02-12 35.000 1.821
2013-02-08 35.000 1.782
2012-08-07 35.000 2.892
2012-05-09 35.000 2.849
2012-03-30 35.000 2.450
2012-02-10 35.000 2.320
2011-10-31 35.000 2.402
2011-07-29 35.000 2.395
2011-05-11 35.000 2.209
2011-03-30 35.000 2.205
2011-02-10 35.000 2.012
2010-04-30 35.000 1.838
2010-03-31 35.000 1.462
2010-02-12 35.000 1.503
2009-02-13 35.000 1.545

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sapporo Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x 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 Sapporo Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Sapporo Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sapporo 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 Sapporo 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
Masaki Oga
AGE 61
TENURE AS CEO 2.8 years
CEO Bio

Mr. Masaki Oga has been the President of Sapporo Breweries Ltd. since January 1, 2017 and has been its Group Operating Officer since March 2015. Mr. Oga has been President of Sapporo Holdings Limited since January 1, 2017. He served as Group Operating Officer of Sapporo Holdings Ltd. from April 6, 2016 to March 30, 2017 and as its Corporate Officer until April 6, 2016. Mr. Oga has been Representative Director of Sapporo Holdings Limited since March 30, 2017 and served as its Director since March 2010. Mr. Oga joined the Tokyo-based Sapporo Breweries Ltd. in 1982. He served as a Group Operating Officer and Director of Sapporo Holdings Ltd since March 2013. He was Director of Tokyo Headquarters Office and Tokyo Metropolitan Area Sales and Marketing Division of Sapporo Breweries Ltd. since October 2006 and was its Operating Officer and Director of Hokkaido Sales & Marketing Division since March 2009, Director (Member of the Board), Managing Officer and Director of Marketing Department since March 2010 and President since March 2013.

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

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

3.2
Average Tenure
57
Average Age
  • The tenure for the Sapporo Holdings management team is about average.
Management Team

Masaki Oga

TITLE
President & Representative Director
AGE
61
TENURE
2.8 yrs

Shinichi Soya

TITLE
Director of Corporate Finance & Business Management Department and Director
AGE
56
TENURE
3.6 yrs

Toshihiko Umezato

TITLE
Director of Corporate Communication Department

Mayumi Fukuhara

TITLE
Director of Human Resources Department & Director
AGE
55
TENURE
3.6 yrs

Yasuyuki Oohira

TITLE
Director of Research & Development Division of the Company and Director
AGE
58
TENURE
0.6 yrs

Norio Yamazaki

TITLE
President of Restaurant

Hideyo Suzuki

TITLE
President of Soft Drinks
Board of Directors Tenure

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

2.8
Average Tenure
63
Average Age
  • The average tenure for the Sapporo Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tsutomu Kamijo

TITLE
Chairman
AGE
65
TENURE
2.8 yrs

Masaki Oga

TITLE
President & Representative Director
AGE
61
TENURE
2.6 yrs

Shinichi Soya

TITLE
Director of Corporate Finance & Business Management Department and Director
AGE
56
TENURE
3.6 yrs

Mayumi Fukuhara

TITLE
Director of Human Resources Department & Director
AGE
55
TENURE
3.6 yrs

Yasuyuki Oohira

TITLE
Director of Research & Development Division of the Company and Director
AGE
58
TENURE
0.6 yrs

Shizuka Uzawa

TITLE
Independent Outside Director
AGE
73
TENURE
4.6 yrs

Mackenzie Clugston

TITLE
Independent Outside Director
AGE
69
TENURE
1.6 yrs

Seiji Ubukata

TITLE
Director
AGE
55

Shuji Fukuda

TITLE
Outside Director
AGE
68
TENURE
0.6 yrs

Tetsuo Seki

TITLE
Audit & Supervisory Board Member
AGE
81
TENURE
3.6 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 Sapporo 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. Sapporo 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

Sapporo Holdings Limited engages in alcoholic beverages, foods and soft drinks, restaurants, and real estate businesses in Japan, rest of Asia, North America, and internationally. It operates through three segments: Alcoholic Beverages, Food & Soft Drinks, and Real Estate. It produces and sells beer, low-malt beer, wine, western liquor, spirits, and other alcoholic beverages under the Black label, Yebisu, Mugi to Hop, Anchor Steam Beer, and Magnum brand names; and soft drinks that include fruit juices and coffee, lemon based favor products, soybeans and chilled products, bottled water, and food and soup products, as well as operates beer halls, cafes, and restaurants. The company also owns, manages, leases, operates, and develops office spaces, residential units, retail stores, restaurants, cultural facilities, and shopping and entertainment complex, as well as supplies energy. As of March 31, 2019, it operated 189 restaurant outlets. The company sells its products primarily to retailers and wholesalers. Sapporo Holdings Limited was founded in 1876 and is headquartered in Tokyo, Japan.

Details
Name: Sapporo Holdings Limited
SBW
Exchange: DB
Founded: 1876
¥1,789,887,950
77,898,282
Website: http://www.sapporoholdings.jp
Address: Sapporo Holdings Limited
20-1, Ebisu 4-chome,
Shibuya-ku,
Tokyo,
150-8522,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2501 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SOOB.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB SBW Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
7,904
Sapporo Holdings employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:29
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/10
Last earnings filing: 2019/08/13
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.