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KDDI

DB:DIP
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DIP
DB
¥7,439B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

KDDI Corporation provides telecommunications services in Japan and internationally. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
DIP Share Price and Events
7 Day Returns
-0.7%
DB:DIP
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
35.1%
DB:DIP
1.1%
Europe Wireless Telecom
9.9%
DE Market
DIP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KDDI (DIP) -0.7% 11.6% 16.7% 35.1% 13.7% 57.7%
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
  • DIP outperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • DIP outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
DIP
Industry
5yr Volatility vs Market

Value

 Is KDDI 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 KDDI 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 KDDI.

DB:DIP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 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:DIP
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%) (19.76%))
0.586
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:DIP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for KDDI 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:DIP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2020 583,696.00 Analyst x10 555,922.13
2021 585,509.67 Analyst x12 531,114.99
2022 601,635.09 Analyst x11 519,774.41
2023 665,325.00 Analyst x4 547,447.94
2024 803,100.00 Analyst x2 629,369.74
2025 864,322.79 Est @ 7.62% 645,118.42
2026 911,036.99 Est @ 5.4% 647,629.66
2027 946,127.41 Est @ 3.85% 640,571.47
2028 972,283.97 Est @ 2.76% 626,957.84
2029 991,764.78 Est @ 2% 609,089.54
Present value of next 10 years cash flows ¥5,952,996.00
DB:DIP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥991,764.78 × (1 + 0.23%) ÷ (5% – 0.23%)
¥20,847,860.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥20,847,860.84 ÷ (1 + 5%)10
¥12,803,654.82
DB:DIP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥5,952,996.00 + ¥12,803,654.82
¥18,756,650.82
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥18,756,650.82 / 2,315.92
¥8099
DB:DIP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DIP represents 0.00841x of TSE:9433
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00841x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 8,099.00 x 0.00841
€68.08
Value per share (EUR) From above. €68.08
Current discount Discount to share price of €27.00
= -1 x (€27.00 - €68.08) / €68.08
60.3%

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

Current Discount
Amount off the current price KDDI is available for.
Intrinsic value
>50%
Share price is €27 vs Future cash flow value of €68.08
Current Discount Checks
For KDDI to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • KDDI's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • KDDI'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 KDDI's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KDDI's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DIP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥263.47
TSE:9433 Share Price ** TSE (2019-11-18) in JPY ¥3212
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 KDDI.

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

= TSE:9433 Share Price ÷ EPS (both in JPY)

= 3212 ÷ 263.47

12.19x

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

  • KDDI is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • KDDI is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does KDDI's expected growth come at a high price?
Raw Data
DB:DIP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
3.1%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:DIP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.19x ÷ 3.1%

3.96x

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

  • KDDI is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on KDDI's assets?
Raw Data
DB:DIP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,860.62
TSE:9433 Share Price * TSE (2019-11-18) in JPY ¥3212
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:DIP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9433 Share Price ÷ Book Value per Share (both in JPY)

= 3212 ÷ 1,860.62

1.73x

* Primary Listing of KDDI.

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

  • KDDI is good value based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess KDDI'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. KDDI has a total score of 5/6, see the detailed checks below.

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

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

Future Performance

 How is KDDI expected to perform in the next 1 to 3 years based on estimates from 19 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
3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KDDI expected to grow at an attractive rate?
  • KDDI's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • KDDI's earnings growth is positive but not above the Germany market average.
  • KDDI's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DIP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DIP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 3.1%
DB:DIP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 1.3%
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:DIP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DIP Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 5,437,667 1,334,067 727,600 3
2023-03-31 5,396,200 1,315,433 691,075 4
2022-03-31 5,385,606 1,284,064 648,116 17
2021-03-31 5,284,773 1,268,967 631,088 19
2020-03-31 5,199,640 1,268,450 627,111 19
2019-11-18
DB:DIP Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 5,182,541 1,003,102 619,737
2019-06-30 5,104,738 968,219 601,556
2019-03-31 5,080,353 1,029,607 617,669
2018-12-31 5,053,565 1,020,630 587,741
2018-09-30 5,088,177 995,505 588,561
2018-06-30 5,065,028 1,078,104 577,720
2018-03-31 5,041,978 1,061,405 572,528
2017-12-31 4,986,112 1,040,657 565,818
2017-09-30 4,862,748 1,143,484 549,954
2017-06-30 4,816,472 1,113,428 553,027
2017-03-31 4,748,259 1,161,074 546,658
2016-12-31 4,689,323 1,141,638 557,377

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KDDI's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
  • KDDI's revenue is expected to grow by 1.3% 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:DIP 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 19 Analyst Estimates (S&P Global) See Below

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

DB:DIP Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 321.20 333.40 300.20 3.00
2023-03-31 302.83 321.30 274.00 4.00
2022-03-31 289.65 317.37 203.04 17.00
2021-03-31 276.87 297.30 207.07 19.00
2020-03-31 269.41 273.80 263.94 15.00
2019-11-18
DB:DIP Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 263.47
2019-06-30 253.88
2019-03-31 259.10
2018-12-31 245.04
2018-09-30 244.19
2018-06-30 238.85
2018-03-31 235.54
2017-12-31 231.75
2017-09-30 224.48
2017-06-30 224.97
2017-03-31 221.65
2016-12-31 225.15

*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.
  • KDDI is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KDDI'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.
KDDI 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 KDDI 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 KDDI'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.
  • KDDI's year on year earnings growth rate has been positive over the past 5 years.
  • KDDI's 1-year earnings growth is less than its 5-year average (5.3% vs 7.9%)
  • KDDI's earnings growth has not exceeded the Europe Wireless Telecom industry average in the past year (5.3% vs 21%).
Earnings and Revenue History
KDDI'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 KDDI Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DIP 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 5,182,541.00 619,737.00 1,249,773.00
2019-06-30 5,104,738.00 601,556.00 1,231,347.00
2019-03-31 5,080,353.00 617,669.00 1,210,470.00
2018-12-31 5,053,565.00 587,741.00 1,232,924.00
2018-09-30 5,088,177.00 588,561.00 1,257,079.00
2018-06-30 5,065,028.00 577,720.00 1,269,444.00
2018-03-31 5,041,978.00 572,528.00 1,271,215.00
2017-12-31 4,986,112.00 565,818.00 1,252,051.00
2017-09-30 4,862,748.00 549,954.00 1,221,073.00
2017-06-30 4,816,472.00 553,027.00 1,200,221.00
2017-03-31 4,748,259.00 546,658.00 1,173,562.00
2016-12-31 4,689,323.00 557,377.00 1,149,962.00
2016-09-30 4,615,961.00 543,154.00 1,137,524.00
2016-06-30 4,550,011.00 517,621.00 1,125,156.00
2016-03-31 4,466,135.00 494,465.00 1,106,798.00
2015-12-31 4,520,249.00 485,446.00 795,376.00
2015-09-30 4,592,962.00 474,006.00 521,941.00
2015-06-30 4,599,168.00 458,366.00 247,857.00
2015-03-31 4,573,141.00 427,931.00
2014-12-31 4,505,653.00 404,356.00
2014-09-30 4,411,782.00 390,415.00
2014-06-30 4,351,756.00 367,378.00
2014-03-31 4,333,628.00 322,038.00
2013-12-31 4,131,610.00 329,875.00
2013-09-30 3,975,469.00 324,719.00
2013-06-30 3,803,096.00 258,352.00
2013-03-31 3,662,288.00 241,469.00
2012-12-31 3,637,262.00 224,498.00 667,748.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KDDI is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • KDDI's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of KDDI'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 KDDI Company Filings, last reported 1 month ago.

DB:DIP Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 4,772,965.00 1,470,069.00 365,604.00
2019-06-30 4,617,510.00 1,517,643.00 275,822.00
2019-03-31 4,612,932.00 1,191,552.00 204,597.00
2018-12-31 4,520,245.00 1,294,828.00 191,634.00
2018-09-30 4,545,764.00 1,078,350.00 186,685.00
2018-06-30 4,400,262.00 1,138,654.00 168,583.00
2018-03-31 4,131,257.00 1,033,837.00 200,834.00
2017-12-31 4,081,512.00 1,029,976.00 181,722.00
2017-09-30 3,992,863.00 1,006,758.00 275,370.00
2017-06-30 3,856,302.00 1,118,786.00 141,652.00
2017-03-31 3,849,133.00 967,478.00 226,607.00
2016-12-31 3,756,499.00 981,648.00 264,452.00
2016-09-30 3,669,480.00 1,006,878.00 337,329.00
2016-06-30 3,573,356.00 1,047,621.00 146,931.00
2016-03-31 3,509,458.00 1,053,634.00 192,200.00
2015-12-31 3,474,737.00 921,671.00 179,683.00
2015-09-30 3,413,764.00 898,410.00 195,652.00
2015-06-30 3,278,231.00 1,109,036.00 198,719.00
2015-03-31 3,238,748.00 940,826.00 284,560.00
2014-12-31 3,166,107.00 1,082,829.00 206,930.00
2014-09-30 3,087,775.00 973,670.00 209,407.00
2014-06-30 2,961,214.00 1,080,661.00 172,919.00
2014-03-31 2,916,987.00 1,033,957.00 222,323.00
2013-12-31 2,865,939.00 1,010,759.00 217,993.00
2013-09-30 2,883,311.00 859,040.00 157,222.00
2013-06-30 2,580,830.00 1,152,438.00 178,582.00
2013-03-31 2,323,362.00 964,370.00 97,183.00
2012-12-31 2,245,257.00 1,071,330.00 102,394.00
  • KDDI's level of debt (29%) 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 (31% vs 29% today).
  • Debt is well covered by operating cash flow (72.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 111.5x coverage).
X
Financial health checks
We assess KDDI'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. KDDI has a total score of 6/6, 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 KDDI'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
3.42%
Current annual income from KDDI dividends. Estimated to be 3.74% next year.
If you bought €2,000 of KDDI shares you are expected to receive €68 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?
  • KDDI's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • KDDI's dividend is below the markets top 25% of dividend payers in Germany (3.68%).
Upcoming dividend payment

Purchase KDDI 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:DIP 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 19 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:DIP Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 145.00 3.00
2023-03-31 137.50 4.00
2022-03-31 124.75 15.00
2021-03-31 117.86 18.00
2020-03-31 110.56 18.00
2019-11-18
DB:DIP Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-01 110.000 3.462
2019-06-20 110.000 3.870
2019-05-15 110.000 3.989
2019-02-08 100.000 3.926
2019-01-31 100.000 3.732
2018-11-06 100.000 3.819
2018-11-01 100.000 4.156
2018-06-21 100.000 3.314
2018-05-10 100.000 3.363
2018-02-05 90.000 3.306
2018-01-31 90.000 3.232
2017-11-07 90.000 3.058
2017-11-01 90.000 2.908
2017-06-22 90.000 3.030
2017-05-11 90.000 2.945
2017-02-07 90.000 3.047
2017-02-02 90.000 3.053
2016-11-04 80.000 2.687
2016-11-01 80.000 2.580
2016-06-23 80.000 2.545
2016-06-22 65.000 2.081
2016-05-12 80.000 2.550
2016-02-12 60.000 1.972
2016-02-09 60.000 2.071
2015-11-10 60.000 1.997
2015-11-05 60.000 2.016
2015-08-07 65.000 2.252
2015-06-18 60.000 1.975
2015-05-12 60.000 2.132
2015-02-04 53.333 1.934
2015-01-30 53.333 1.998
2014-11-06 53.333 2.073
2014-10-31 53.333 2.168
2014-07-30 53.333 2.542
2014-06-19 53.333 2.591
2014-04-30 53.333 2.760
2014-02-05 46.667 2.462
2014-01-30 46.667 2.486
2013-11-01 40.000 1.946
2013-10-29 40.000 2.266
2013-06-20 40.000 2.357
2013-05-02 40.000 2.587
2013-02-01 28.333 2.252
2013-01-28 28.333 2.559
2012-10-31 28.333 2.786
2012-10-24 28.333 2.737
2012-07-25 28.333 2.988
2012-04-26 28.333 3.358
2012-02-01 25.000 2.889
2012-01-26 25.000 3.066
2011-10-31 25.000 2.913
2011-10-24 25.000 2.631
2011-07-25 25.000 2.640
2011-04-25 25.000 2.641
2011-01-31 21.667 2.529
2011-01-24 21.667 2.753
2010-10-29 21.667 2.716
2010-10-22 21.667 3.041
2010-07-23 21.667 3.129
2010-06-01 21.667 3.043
2010-04-23 21.667 2.991
2009-10-23 18.333 2.281
2009-07-23 18.333 2.114
2009-04-23 18.333 2.253
2009-01-23 18.333 2.256

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of KDDI's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess KDDI'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 KDDI afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KDDI 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 KDDI'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
Makoto Takahashi
AGE 58
TENURE AS CEO 1.6 years
CEO Bio

Mr. Makoto Takahashi serves as Executive Director of Corporate & Marketing Communications at KDDI Corporation since April 2019. Mr. Takahashi has been the President at KDDI Corporation since April 01, 2018 and served as its Executive Director of Corporate Strategy Planning Division, and Corporate and Marketing Communications since June 2018 until April 2019. Mr. Takahashi served an Executive Vice President of KDDI Corporation from June 2016 and served as its General Manager of Value Business Sector and Corporate Strategy Planning Division from April 2016 to 2018. Mr. Takahashi served as Senior Managing Executive Officer at KDDI Corporation from June 1, 2010 to June 2016. Mr. Takahashi served as a Senior Vice President at KDDI Corp., since June 2010 and its General Manager of Business Development Sector since April 2010. He served as Associate Senior Vice President and General Manager of Consumer Business Sector of KDDI Corp. since June 2007. He served as General Manager of Group Strategy Sector at KDDI Corp. He served as the Vice President and General Manager - Content & Media Business Sector of KDDI Corp. Mr. Takahashi served as the Managing Executive Officer at KDDI Corporation since June 2007 and General Manager, Consumer Products Coordinating Headquarters since April 2009. Mr. Takahashi joined in KDDI Corporation (formerly Daini Denden Inc.) in June 1984 and served as its General Manager of Mobile Internet Business Division, au Products Planning Headquarters since June 2001; General Manager of Contents Business Division, Contents Headquarters since March 2002; Executive Officer, General Manager, Contents Headquarters, Solutions Business Headquarters since April 2003; General Manager, Contents and Media Headquarters since April 2004; General Manager, Contents and Media Business Headquarters since April 2005 and General Manager, Consumer Business Coordinating Headquarters since April 2007. He served as an Outside Director of Jupiter Telecommunications Co., Ltd. since March 25, 2010. He has been a Representative Director of KDDI Corporation since June 2010. Mr. Takahashi served as a Director of KDDI Corp. since June 2007. Mr. Takahashi served as a Director of Okinawa Cellular Telephone Company since June 2007. He was a Director of Japan Cablenet Limited since June 15, 2011.

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

Average tenure and age of the KDDI management team in years:

1.4
Average Tenure
59
Average Age
  • The average tenure for the KDDI management team is less than 2 years, this suggests a new team.
Management Team

Makoto Takahashi

TITLE
President
AGE
58
TENURE
1.6 yrs

Yoshiaki Uchida

TITLE
Executive VP
AGE
63
TENURE
3.6 yrs

Akira Dobashi

TITLE
GM of Gen. Admn. & HR Division

Keita Horii

TITLE
General Manager of Investor Relations Department

Toshitake Amamiya

TITLE
Managing Exe. Officer
AGE
59
TENURE
0.6 yrs

Kei Amano

TITLE
Head of Smartpass Business

Tsutomu Honda

TITLE
Managing Executive Officer

Takashi Shoji

TITLE
Senior Managing Executive Officer & Director
AGE
61
TENURE
1.4 yrs

Shinichi Muramoto

TITLE
Senior Managing Executive Officer
AGE
59
TENURE
1.4 yrs

Junnou Matsuishi

TITLE
Head of Planning Group Section - Mobile Technical Planning Department
Board of Directors Tenure

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

2.4
Average Tenure
60
Average Age
  • The average tenure for the KDDI board of directors is less than 3 years, this suggests a new board.
Board of Directors

Takashi Tanaka

TITLE
Chairman of the Board
COMPENSATION
¥123M
AGE
62
TENURE
1.6 yrs

Makoto Takahashi

TITLE
President
AGE
58
TENURE
12.4 yrs

Hirofumi Morozumi

TITLE
Vice Chairman
AGE
63
TENURE
1.6 yrs

Yoshiaki Uchida

TITLE
Executive VP
AGE
63
TENURE
5.4 yrs

Toshitake Amamiya

TITLE
Managing Exe. Officer
AGE
59
TENURE
0.4 yrs

Takashi Shoji

TITLE
Senior Managing Executive Officer & Director
AGE
61
TENURE
3.4 yrs

Shinichi Muramoto

TITLE
Senior Managing Executive Officer
AGE
59
TENURE
3.4 yrs

Keiichi Mori

TITLE
Senior Managing Executive Officer
AGE
59
TENURE
2.4 yrs

Kei Morita

TITLE
Managing Exe. Officer & Deputy GM-Personal Business Sector & Exe. Director
AGE
58
TENURE
1.4 yrs

Goro Yamaguchi

TITLE
Outside Director
AGE
63
TENURE
2.4 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 KDDI'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. KDDI 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

KDDI Corporation provides telecommunications services in Japan and internationally. It operates through four segments: Personal Services, Life Design Services, Business Services, and Global Services. The Personal Services segment offers mobile services under the au and MVNO brands; fixed-line services under the au Hikari brand; and FTTH services, CATV services, and others. It also provides non-telecommunications services, such as the au WALLET Market product sales services through au shops; energy services under the au Denki brand; and education services under the AEON brand. The Life Design Services segment offers online and offline value-added non-telecommunications services; subscription services, such as the digital content of au Smart Pass/au Smart Pass Premium; commerce services under the au Wowman brand; and other services, as well as insurance and other services in the financing business. It also provides settlement services; and contents services, such as video, music, and information distribution. The Business Services segment offers mobile services using devices that include smartphones and tablets, as well as networks, applications, and cloud services to a range of corporate customers, which comprise small and other corporations. It also provides various services in the IoT sector. The Global Services segment offers telecommunication services, ICT Solutions, data center services, and others for individuals and corporate customers. As of March 31, 2019, the company had approximately 177.73 million mobile communications subscriptions; 4.45 million FTTH subscriptions; and 5.48 million CATV subscriptions. It is also involved in construction and maintenance of facilities, call center operations, and research and development of technologies. KDDI Corporation has a mobile payment alliance agreement with Merpay, Inc., LINE Pay Corporation, and NTT DOCOMO, INC. for merchant stores. The company was founded in 1953 and is headquartered in Tokyo, Japan.

Details
Name: KDDI Corporation
DIP
Exchange: DB
Founded: 1953
¥61,788,528,810
2,315,921,148
Website: http://www.kddi.com
Address: KDDI Corporation
Garden Air Tower,
3-10-10, Iidabashi,
Tokyo,
102-8460,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9433 Common Stock The Tokyo Stock Exchange JP JPY 31. May 1994
OTCPK KDDI.F Common Stock Pink Sheets LLC US USD 31. May 1994
DB DIP Common Stock Deutsche Boerse AG DE EUR 31. May 1994
OTCPK KDDI.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
41,996
KDDI employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:44
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/16
Last earnings filing: 2019/11/07
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.