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SoftBank

DB:3AG1
Snowflake Description

Good value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3AG1
DB
¥7,145B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

SoftBank Corp., together with its subsidiaries, engages in the telecommunication and information technology businesses in Japan. The last earnings update was 7 days ago. More info.


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3AG1 Share Price and Events
7 Day Returns
0.8%
DB:3AG1
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-
DB:3AG1
1.1%
Europe Wireless Telecom
9.9%
DE Market
3AG1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SoftBank (3AG1) 0.8% 0% -2.4% - - -
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • No trading data on 3AG1.
  • No trading data on 3AG1.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is SoftBank 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 SoftBank 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 SoftBank.

DB:3AG1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 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:3AG1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 30.86%) (66.18%))
0.659
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:3AG1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SoftBank 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:3AG1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2020 477,544.20 Analyst x5 454,821.33
2021 698,165.56 Analyst x9 633,304.99
2022 685,817.88 Analyst x8 592,502.98
2023 775,922.80 Analyst x5 638,450.89
2024 698,181.33 Analyst x3 547,147.55
2025 706,095.85 Est @ 1.13% 527,020.04
2026 712,181.78 Est @ 0.86% 506,269.28
2027 716,965.78 Est @ 0.67% 485,418.58
2028 720,827.48 Est @ 0.54% 464,811.16
2029 724,038.28 Est @ 0.45% 444,666.07
Present value of next 10 years cash flows ¥5,294,412.00
DB:3AG1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥724,038.28 × (1 + 0.23%) ÷ (5% – 0.23%)
¥15,219,989.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥15,219,989.29 ÷ (1 + 5%)10
¥9,347,313.42
DB:3AG1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥5,294,412.00 + ¥9,347,313.42
¥14,641,725.42
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥14,641,725.42 / 4,753.95
¥3079.91
DB:3AG1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3AG1 represents 0.00818x of TSE:9434
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00818x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,079.91 x 0.00818
€25.20
Value per share (EUR) From above. €25.20
Current discount Discount to share price of €12.30
= -1 x (€12.30 - €25.20) / €25.20
51.2%

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

Current Discount
Amount off the current price SoftBank is available for.
Intrinsic value
>50%
Share price is €12.3 vs Future cash flow value of €25.2
Current Discount Checks
For SoftBank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SoftBank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SoftBank's share price is below the future cash flow value, and 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 SoftBank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SoftBank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3AG1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥96.86
TSE:9434 Share Price ** TSE (2019-11-18) in JPY ¥1503
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

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

** Primary Listing of SoftBank.

DB:3AG1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9434 Share Price ÷ EPS (both in JPY)

= 1503 ÷ 96.86

15.52x

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

  • SoftBank is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • SoftBank is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SoftBank's expected growth come at a high price?
Raw Data
DB:3AG1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
5.2%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:3AG1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.52x ÷ 5.2%

2.97x

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

  • SoftBank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SoftBank's assets?
Raw Data
DB:3AG1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥230.07
TSE:9434 Share Price * TSE (2019-11-18) in JPY ¥1503
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:3AG1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9434 Share Price ÷ Book Value per Share (both in JPY)

= 1503 ÷ 230.07

6.53x

* Primary Listing of SoftBank.

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

  • SoftBank is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess SoftBank'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 Wireless Telecom 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 Wireless Telecom industry average (and greater than 0)? (1 check)
  5. SoftBank has a total score of 4/6, 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 SoftBank expected to perform in the next 1 to 3 years based on estimates from 18 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
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SoftBank expected to grow at an attractive rate?
  • SoftBank's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SoftBank's earnings growth is positive but not above the Germany market average.
  • SoftBank's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3AG1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3AG1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 5.2%
DB:3AG1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 2.3%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:3AG1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3AG1 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 5,237,742 1,238,181 634,562 3
2023-03-31 5,112,147 1,180,154 593,311 5
2022-03-31 5,078,301 1,100,226 536,634 16
2021-03-31 4,949,888 1,128,425 514,860 18
2020-03-31 4,831,886 1,219,285 505,144 18
2019-11-18
DB:3AG1 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 4,325,002 463,533
2019-06-30 4,013,958 448,240
2019-03-31 3,746,305 826,582 430,777
2018-03-31 3,547,035 412,699
2017-03-31 3,483,056 441,189

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SoftBank's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • SoftBank's revenue is expected to grow by 2.3% 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:3AG1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from SoftBank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3AG1 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 133.42 134.17 132.20 3.00
2023-03-31 124.69 128.98 116.80 5.00
2022-03-31 115.44 125.74 104.82 16.00
2021-03-31 107.33 116.39 73.77 19.00
2020-03-31 105.88 116.64 100.37 19.00
2019-11-18
DB:3AG1 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 96.86
2019-06-30 93.63
2019-03-31 89.99
2018-03-31 100.55
2017-03-31 107.53

*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.
  • SoftBank is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess SoftBank'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 Europe 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.
SoftBank has a total score of 2/6, 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 SoftBank 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 SoftBank's growth in the last year to its industry (Wireless Telecom).
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.
  • SoftBank's year on year earnings growth rate has been positive over the past 5 years.
  • SoftBank's 1-year earnings growth exceeds its 5-year average (9.9% vs 2.9%)
  • SoftBank's earnings growth has not exceeded the Europe Wireless Telecom industry average in the past year (9.9% vs 21%).
Earnings and Revenue History
SoftBank'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 SoftBank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3AG1 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,325,002.00 463,533.00 1,143,139.00
2019-06-30 4,013,957.50 448,240.00 1,027,740.00
2019-03-31 3,746,305.00 430,777.00 911,817.00
2018-03-31 3,547,035.00 412,699.00 914,499.00
2017-03-31 3,483,056.00 441,189.00 922,841.00
2016-03-31 3,410,595.00 399,520.00 964,627.00

*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.
  • Whilst SoftBank has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • SoftBank used its assets less efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • SoftBank's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SoftBank'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 Wireless Telecom 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.
SoftBank 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 SoftBank'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 SoftBank's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SoftBank's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SoftBank's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SoftBank'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 0.9x 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 SoftBank Company Filings, last reported 1 month ago.

DB:3AG1 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,615,241.00 4,728,590.00 1,154,364.00
2019-06-30 1,472,190.00 4,635,944.00 871,529.00
2019-03-31 1,264,455.00 2,130,797.00 357,971.00
2018-03-31 722,278.00 3,222,093.00 90,128.00
2017-03-31 1,545,781.00 2,013,064.00 49,735.00
2016-03-31 1,508,713.00 2,106,924.00 132,178.00
  • SoftBank's level of debt (221%) compared to net worth is high (greater than 40%).
  • Unable to establish if SoftBank's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (23.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.4x coverage).
X
Financial health checks
We assess SoftBank'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. SoftBank 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 SoftBank'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
5.66%
Current annual income from SoftBank dividends. Estimated to be 6.1% next year.
If you bought €2,000 of SoftBank shares you are expected to receive €113 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?
  • SoftBank's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • SoftBank's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Upcoming dividend payment

Purchase SoftBank 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:3AG1 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 18 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:3AG1 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 106.00 3.00
2023-03-31 101.19 5.00
2022-03-31 93.71 16.00
2021-03-31 90.68 18.00
2020-03-31 86.11 18.00
2019-11-18
DB:3AG1 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-10-29 85.000 5.683
2019-06-25 85.000 5.744
2019-05-08 85.000 6.002
2019-02-05 37.500 2.860

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

  • It is too early to tell whether SoftBank has stable dividend payments.
  • SoftBank only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of SoftBank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x 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 SoftBank'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 SoftBank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SoftBank has a total score of 3/6, 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 SoftBank'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
Ken Miyauchi
AGE 70
TENURE AS CEO 9.5 years
CEO Bio

Mr. Ken Miyauchi serves as the Chief Executive Officer and President of Softbank Mobile Corp. Mr. Miyauchi serves as Chief Executive Officer and President at Softbank Corp. Mr. Miyauchi served as the President and Chief Operating Officer of SoftBank Group Corp. since June 22, 2016. He served as Chief Executive Officer and President of SoftBank BB Corp., and served as its Chief Operating Officer. Mr. Miyauchi served as Senior Executive Vice President at SoftBank Group Corp. from June 2013 to June 19, 2015. Mr. Miyauchi served as Chief Operating Officer of Softbank Mobile Corp. (previously, Vodafone K.K.) since May 2010 and served as its Senior Executive Vice President since June 2007. Mr. Miyauchi served as Chief Executive Officer and Representative Director at WILLCOM, Inc. Mr. Miyauchi served as President of WILLCOM, Inc. since November 2010. He served as Chief Operating Officer and Senior Executive Vice President of SoftBank BB Corp., a subsidiary of Softbank Corp., Mr. Miyauchi served as the Chief Operating Officer at Softbank Telecom Corp. since April 2008 and served as its Senior Executive Vice President. He served as an Executive Vice President of SoftBank Group Corp. since April 1, 2013. He served as an Executive Vice President of SOFTBANK IDC Solutions Corp. (alternate name Japan Telecom Co., Ltd., IDC Frontier Inc.). He served as President and Chief Executive Officer of Softbank EC Holdings Corp. He joined Japan Management Association in February 1977 and SOFTBANK Corp., in October 1984. He serves as a Director of SoftBank BB Corp. Mr. Miyauchi has been a Director of Z Holdings Corporation (formerly known as Yahoo Japan Corporation) since June 21, 2012. He has been Director of SoftBank Group Corp. since February 1988. He has been a Director of Softbank Mobile Corp. since May 2010 and SORTBANK CORP. since June 2000. He served as a Director of Softbank Telecom Corp. since April 2008. He served as a Director of Carview Corporation since October 1999. Mr. Miyauchi served as a Director of IDC Frontier Inc. He served as a Director of Brightstar Corp.

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

Ken Miyauchi

TITLE
Chief Executive Officer
AGE
70
TENURE
9.5 yrs

Kazuhiko Fujihara

TITLE
CFO, Executive VP & Director
AGE
60
TENURE
12.4 yrs

Jun Shimba

TITLE
COO & Representative Director

Yasuyuki Imai

TITLE
COO & Representative Director
AGE
61

Junichi Miyakawa

TITLE
CTO & Representative Director
AGE
54

Keiichi Makizono

TITLE
Senior VP & Chief Information Officer

Takashi Tsutsui

TITLE
Senior VP & Chief Scientist

Fumihiro Aono

TITLE
Executive VP & Chief Human Resource Officer

Shuichi Kukita

TITLE
Executive Vice President

Hideyuki Tsukuda

TITLE
Sr. VP & Chief Network Officer
Board of Directors Tenure

Average tenure and age of the SoftBank board of directors in years:

12.4
Average Tenure
61.5
Average Age
  • The average tenure for the SoftBank board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Masa Son

TITLE
Chairman of the Board
AGE
62
TENURE
12.4 yrs

Ken Miyauchi

TITLE
Chief Executive Officer
AGE
70
TENURE
9.5 yrs

Kazuhiko Fujihara

TITLE
CFO, Executive VP & Director
AGE
60
TENURE
12.4 yrs

Jun Shimba

TITLE
COO & Representative Director

Yasuyuki Imai

TITLE
COO & Representative Director
AGE
61

Junichi Miyakawa

TITLE
CTO & Representative Director
AGE
54
TENURE
13.6 yrs

Kentaro Kawabe

TITLE
Director
TENURE
1.2 yrs

Kazuaki Oki

TITLE
External Director

Kyoko Uemura

TITLE
External Director

Atsushi Horiba

TITLE
External Director
AGE
71
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 SoftBank'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. SoftBank 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

SoftBank Corp., together with its subsidiaries, engages in the telecommunication and information technology businesses in Japan. It operates through Consumer, Enterprise, and Distribution segments. The Consumer segment offers s mobile communications services, including voice call, data transmission, and related services to subscribers under the SoftBank, Y!mobile, and LINE MOBILE brands. It also sells mobile devices, including phones and tablets to dealers; provides Internet broadband services under the SoftBank Hikari brand; and sells and rents related customer-premises equipment for broadband services. The Enterprise segment provides a range of services comprising mobile communications, voice call and fixed-line communications, data transmission and dedicated, and telecommunications consulting services for enterprise customers; construction services for telecommunications carriers and general service providers; and rental and maintenance services for telecommunications facilities, housing, and data centers, as well as sells and rents telecommunications equipment. The Distribution segment provides hardware, software, and services in relation to information and communication technology, cloud, and Internet of Things to enterprise customers. The company also offers PC software, IoT products, and mobile device accessories to individual customers, as well as online business solutions and services, and solution services for government. The company was formerly known as SoftBank Mobile Corp. and changed its name to SoftBank Corp. in May 2015. The company was founded in 1984 and is headquartered in Tokyo, Japan. SoftBank Corp. is a subsidiary of SoftBank Group Japan Corporation.

Details
Name: SoftBank Corp.
3AG1
Exchange: DB
Founded: 1984
¥59,350,220,681
4,753,952,170
Website: http://www.softbank.jp
Address: SoftBank Corp.
1-9-1 Higashi-shimbashi,
Minato-ku,
Tokyo,
105-7317,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9434 New Common Stock The Tokyo Stock Exchange JP JPY 19. Dec 2018
DB 3AG1 New Common Stock Deutsche Boerse AG DE EUR 19. Dec 2018
WBAG SFTC New Common Stock Wiener Boerse AG AT EUR 19. Dec 2018
OTCPK SOBK.Y UNSPONSRED ADS Pink Sheets LLC US USD 15. Feb 2019
Number of employees
Current staff
Staff numbers
37,466
SoftBank employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:27
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/30
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.