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NTT DOCOMO

DB:MCNA
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCNA
DB
¥9,851B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

NTT DOCOMO, INC., a telecommunications company, provides various mobile services in Japan and internationally. The last earnings update was 13 days ago. More info.


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MCNA Share Price and Events
7 Day Returns
-1.6%
DB:MCNA
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
25.3%
DB:MCNA
1.1%
Europe Wireless Telecom
9.9%
DE Market
MCNA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NTT DOCOMO (MCNA) -1.6% 6.9% 12.5% 25.3% 17.7% 98.5%
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
  • MCNA outperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • MCNA outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
MCNA
Industry
5yr Volatility vs Market
Related Companies

MCNA Value

 Is NTT DOCOMO 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 NTT DOCOMO 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 NTT DOCOMO.

DB:MCNA 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:MCNA
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%) (3.16%))
0.56
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:MCNA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NTT DOCOMO 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:MCNA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2020 802,343.18 Analyst x11 764,165.47
2021 753,035.25 Analyst x12 683,077.21
2022 751,734.91 Analyst x11 649,451.10
2023 862,450.00 Analyst x4 709,647.88
2024 780,600.00 Analyst x3 611,737.04
2025 731,155.48 Est @ -6.33% 545,724.20
2026 699,236.76 Est @ -4.37% 497,067.05
2027 678,347.33 Est @ -2.99% 459,272.12
2028 664,625.56 Est @ -2.02% 428,570.48
2029 655,669.22 Est @ -1.35% 402,677.40
Present value of next 10 years cash flows ¥5,751,389.00
DB:MCNA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥655,669.22 × (1 + 0.23%) ÷ (5% – 0.23%)
¥13,782,805.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥13,782,805.01 ÷ (1 + 5%)10
¥8,464,670.75
DB:MCNA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥5,751,389.00 + ¥8,464,670.75
¥14,216,059.75
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥14,216,059.75 / 3,278.35
¥4336.34
DB:MCNA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MCNA represents 0.00825x of TSE:9437
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00825x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,336.34 x 0.00825
€35.79
Value per share (EUR) From above. €35.79
Current discount Discount to share price of €24.80
= -1 x (€24.80 - €35.79) / €35.79
30.7%

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

Current Discount
Amount off the current price NTT DOCOMO is available for.
Intrinsic value
31%
Share price is €24.8 vs Future cash flow value of €35.79
Current Discount Checks
For NTT DOCOMO to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NTT DOCOMO's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NTT DOCOMO's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NTT DOCOMO's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NTT DOCOMO's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MCNA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥185.27
TSE:9437 Share Price ** TSE (2019-11-18) in JPY ¥3005
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 NTT DOCOMO.

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

= TSE:9437 Share Price ÷ EPS (both in JPY)

= 3005 ÷ 185.27

16.22x

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

  • NTT DOCOMO is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • NTT DOCOMO is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does NTT DOCOMO's expected growth come at a high price?
Raw Data
DB:MCNA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
4.6%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:MCNA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.22x ÷ 4.6%

3.49x

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

  • NTT DOCOMO is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NTT DOCOMO's assets?
Raw Data
DB:MCNA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,654.57
TSE:9437 Share Price * TSE (2019-11-18) in JPY ¥3005
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:MCNA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9437 Share Price ÷ Book Value per Share (both in JPY)

= 3005 ÷ 1,654.57

1.82x

* Primary Listing of NTT DOCOMO.

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

  • NTT DOCOMO is good value based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess NTT DOCOMO'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. NTT DOCOMO 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.

MCNA Future Performance

 How is NTT DOCOMO 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
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NTT DOCOMO expected to grow at an attractive rate?
  • NTT DOCOMO's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • NTT DOCOMO's earnings growth is positive but not above the Germany market average.
  • NTT DOCOMO's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MCNA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MCNA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 4.6%
DB:MCNA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 0.8%
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:MCNA 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:MCNA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 4,863,225 1,356,475 712,850 4
2023-03-31 4,732,060 1,326,475 716,080 5
2022-03-31 4,654,446 1,285,488 622,651 17
2021-03-31 4,615,417 1,273,084 600,268 19
2020-03-31 4,646,714 1,295,048 590,788 18
2019-11-18
DB:MCNA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 4,781,330 1,164,146 628,924
2019-06-30 4,823,465 1,155,655 637,618
2019-03-31 4,840,848 1,216,014 663,629
2018-12-31 4,827,846 1,186,041 697,805
2018-09-30 4,858,801 1,429,342 777,688
2018-06-30 4,809,381 1,445,190 772,921
2018-03-31 4,762,269 1,498,600 790,830
2017-12-31 4,710,638 1,548,643 717,400
2017-09-30 4,596,337 1,403,621 621,042
2017-06-30 4,612,578 1,369,811 635,623
2017-03-31 4,584,552 1,312,418 652,538
2016-12-31 4,613,217 1,289,139 645,355

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NTT DOCOMO's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • NTT DOCOMO's revenue is expected to grow by 0.8% 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:MCNA 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 NTT DOCOMO Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MCNA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 230.50 256.70 202.60 4.00
2023-03-31 226.08 252.00 194.20 5.00
2022-03-31 201.36 249.00 176.04 17.00
2021-03-31 185.34 253.00 133.49 20.00
2020-03-31 179.13 193.00 164.33 20.00
2019-11-18
DB:MCNA Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 185.27
2019-06-30 183.86
2019-03-31 187.79
2018-12-31 193.44
2018-09-30 213.94
2018-06-30 211.01
2018-03-31 214.27
2017-12-31 193.64
2017-09-30 167.53
2017-06-30 171.15
2017-03-31 175.12
2016-12-31 171.20

*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.
  • NTT DOCOMO is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NTT DOCOMO'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.
NTT DOCOMO 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.

MCNA Past Performance

  How has NTT DOCOMO 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 NTT DOCOMO'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.
  • NTT DOCOMO's year on year earnings growth rate has been positive over the past 5 years.
  • NTT DOCOMO's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NTT DOCOMO's 1-year earnings growth is negative, it can't be compared to the Europe Wireless Telecom industry average.
Earnings and Revenue History
NTT DOCOMO'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 NTT DOCOMO Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MCNA 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 4,781,330.00 628,924.00
2019-06-30 4,823,465.00 637,618.00
2019-03-31 4,840,848.00 663,629.00
2018-12-31 4,827,846.00 697,805.00 -794,472.00
2018-09-30 4,858,801.00 777,688.00 -518,480.00
2018-06-30 4,809,381.00 772,921.00 -255,605.00
2018-03-31 4,762,269.00 790,830.00
2017-12-31 4,710,638.00 717,400.00 1,111,113.00
2017-09-30 4,596,337.00 621,042.00 1,080,296.00
2017-06-30 4,612,578.00 635,623.00 1,063,063.00
2017-03-31 4,584,552.00 652,538.00 1,047,666.00
2016-12-31 4,613,217.00 645,355.00 982,671.00
2016-09-30 4,600,441.00 636,650.00 974,947.00
2016-06-30 4,558,890.00 586,448.00 979,165.00
2016-03-31 4,527,084.00 548,378.00 970,419.00
2015-12-31 4,440,077.00 520,691.00 979,618.00
2015-09-30 4,425,408.00 467,706.00 1,010,626.00
2015-06-30 4,384,959.00 442,496.00 1,017,627.00
2015-03-31 4,383,397.00 410,093.00 1,041,802.00
2014-12-31 4,424,419.00 416,405.00 1,075,910.00
2014-09-30 4,435,208.00 423,851.00 1,046,857.00
2014-06-30 4,422,932.00 443,101.00 1,062,950.00
2014-03-31 4,461,203.00 464,729.00 1,078,482.00
2013-12-31 4,462,891.00 504,715.00 1,092,681.00
2013-09-30 4,461,773.00 505,542.00 1,136,537.00
2013-06-30 4,511,414.00 484,737.00 1,163,090.00
2013-03-31 4,470,122.00 491,026.00 1,154,422.00
2012-12-31 4,436,644.00 485,776.00 1,156,302.00

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

MCNA Health

 How is NTT DOCOMO'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 NTT DOCOMO's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NTT DOCOMO is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NTT DOCOMO's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NTT DOCOMO'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 55x 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 NTT DOCOMO Company Filings, last reported 1 month ago.

DB:MCNA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 5,462,245.00 50,000.00 358,190.00
2019-06-30 5,354,246.00 50,000.00 145,905.00
2019-03-31 5,394,124.00 50,000.00 290,895.00
2018-12-31 5,330,759.00 51,427.00 582,764.00
2018-09-30 5,932,210.00 51,432.00 768,279.00
2018-06-30 5,745,689.00 81,428.00 274,735.00
2018-03-31 5,692,228.00 161,230.00 762,551.00
2017-12-31 5,946,179.00 221,703.00 912,055.00
2017-09-30 5,814,623.00 221,728.00 838,303.00
2017-06-30 5,628,176.00 221,859.00 527,077.00
2017-03-31 5,584,088.00 221,880.00 590,680.00
2016-12-31 5,488,082.00 222,140.00 370,643.00
2016-09-30 5,483,509.00 222,470.00 461,187.00
2016-06-30 5,355,512.00 222,125.00 204,309.00
2016-03-31 5,359,326.00 222,164.00 360,309.00
2015-12-31 5,637,299.00 223,461.00 457,536.00
2015-09-30 5,589,030.00 223,642.00 505,574.00
2015-06-30 5,443,749.00 316,092.00 370,101.00
2015-03-31 5,418,205.00 222,651.00 349,310.00
2014-12-31 5,479,264.00 327,059.00 273,500.00
2014-09-30 5,516,258.00 228,474.00 247,910.00
2014-06-30 5,700,696.00 230,486.00 393,427.00
2014-03-31 5,693,513.00 230,346.00 546,492.00
2013-12-31 5,627,074.00 223,033.00 354,184.00
2013-09-30 5,613,082.00 242,711.00 593,894.00
2013-06-30 5,469,799.00 246,353.00 417,620.00
2013-03-31 5,410,565.00 253,766.00 535,436.00
2012-12-31 5,339,152.00 256,152.00 491,826.00
  • NTT DOCOMO's level of debt (0.9%) 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 (4.2% vs 0.9% today).
  • Debt is well covered by operating cash flow (2328.3%, greater than 20% of total debt).
  • NTT DOCOMO earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess NTT DOCOMO'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. NTT DOCOMO 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.

MCNA Dividends

 What is NTT DOCOMO'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
3.99%
Current annual income from NTT DOCOMO dividends. Estimated to be 4.28% next year.
If you bought €2,000 of NTT DOCOMO shares you are expected to receive €80 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?
  • NTT DOCOMO's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • NTT DOCOMO's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
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:MCNA 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:MCNA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 150.00 4.00
2023-03-31 144.00 5.00
2022-03-31 132.35 17.00
2021-03-31 125.79 19.00
2020-03-31 119.47 19.00
2019-11-18
DB:MCNA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-05 120.000 3.989
2019-10-29 120.000 4.053
2019-08-01 120.000 4.384
2019-07-26 120.000 4.570
2019-05-22 110.000 4.334
2019-02-07 110.000 4.458
2019-02-01 110.000 4.250
2018-11-06 110.000 4.304
2018-10-31 110.000 4.299
2018-06-20 110.000 3.796
2018-04-27 110.000 3.902
2018-02-05 100.000 3.659
2018-01-30 100.000 3.685
2017-11-01 100.000 3.614
2017-10-26 100.000 3.648
2017-06-23 100.000 3.852
2017-04-27 100.000 3.681
2017-02-02 80.000 3.007
2017-01-27 80.000 2.938
2016-11-04 80.000 3.039
2016-10-28 80.000 3.058
2016-06-24 80.000 3.001
2016-06-20 70.000 2.615
2016-04-28 80.000 2.929
2016-02-04 70.000 2.671
2016-01-29 70.000 2.552
2015-11-06 70.000 2.897
2015-10-30 70.000 2.896
2015-06-26 70.000 2.941
2015-06-19 70.000 2.987
2015-04-28 70.000 3.128
2015-02-06 60.000 2.766
2015-01-29 70.000 3.532
2014-11-10 60.000 3.238
2014-10-31 70.000 3.820
2014-06-27 60.000 3.348
2014-04-25 60.000 3.548
2014-02-06 60.000 3.721
2014-01-31 60.000 3.786
2013-10-31 60.000 3.637
2013-10-25 60.000 3.885
2013-06-19 60.000 3.860
2013-02-05 60.000 4.053
2013-01-31 60.000 4.369
2013-01-30 60.000 4.384
2012-11-22 60.000 4.818
2012-07-27 60.000 4.762
2012-04-27 60.000 4.651
2012-02-02 56.000 4.062
2012-01-27 56.000 4.099
2011-11-08 56.000 4.055
2011-11-02 56.000 4.053
2011-07-29 56.000 3.983
2011-06-23 56.000 3.916
2011-06-17 56.000 3.953
2011-05-26 52.000 3.549
2011-04-28 56.000 3.801
2011-02-03 52.000 3.477
2011-01-31 52.000 3.533
2010-11-04 52.000 3.697
2010-10-29 52.000 3.856
2010-10-28 52.000 3.842
2010-04-27 52.000 3.742
2010-02-03 52.000 3.657
2010-01-29 52.000 3.747
2009-11-02 52.000 3.938
2009-10-30 52.000 3.967
2009-07-31 52.000 3.724
2009-07-30 52.000 3.787
2009-04-28 52.000 3.733
2009-01-30 48.000 3.358

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 NTT DOCOMO's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x 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 NTT DOCOMO'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 NTT DOCOMO afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NTT DOCOMO has a total score of 5/6, see the detailed checks below.


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

MCNA Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kazuhiro Yoshizawa
AGE 64
TENURE AS CEO 3.4 years
CEO Bio

Mr. Kazuhiro Yoshizawa has been the President and Chief Executive Officer of NTT DOCOMO, Inc. since June 16, 2016 and entered NTT Public Corporation in April, 1979. Mr. Yoshizawa served as Executive General Manager of Sales & Marketing Division at NTT DOCOMO, Inc. until June 23, 2016. He served as the Chief Information Officer, Chief Information Security Officer, Chief Privacy Officer and Senior Executive Vice President, responsible for Technology, Devices and Information Strategy of NTT DOCOMO, Inc. since June 19, 2014 until June 16, 2016. Mr. Yoshizawa served as Managing Director of Corporate Strategy & Planning Department at NTT DOCOMO, Inc. since June 19, 2014. Mr. Yoshizawa served as Executive Vice President at NTT DOCOMO, Inc. from June 2012 to June 19, 2014. Mr. Yoshizawa served as the Chief Executive Officer and President at NTT Docomo Ventures, Inc. since February 20, 2013. He served as General Manager of Human Resources Management Department of NTT DOCOMO since June 2011. He served as General Manager of Corporate Strategy and Planning Department of NTT DOCOMO since June 2012 and was responsible for Mobile Society Research Institute. He served as General Manager of Structural Reform Office of NTT DOCOMO since July 2013 and was responsible for Mobile Society Research Institute Member. He served as Senior Vice President and Managing Director/General Manager of Corporate Sales and Marketing Department II at NTT DOCOMO since June 2007 and served as its Senior Director of Corporate Strategy and Planning Department since July 2003. He joined Nippon Telegraph and Telephone Public Corporation in April 1979. Mr. Yoshizawa has been a Director of NTT DOCOMO., Inc. since June 2011. He serves as Director at Gsma Ltd. He holds a Bachelor's Degree in Engineering from Iwate University. Mr. Yoshizawa has rich experience and insights as a corporate manager as represented by his initiatives in establishing and promoting Medium-Term Strategy 2020 “Declaration beyond” and enhancing the NTT DOCOMO, Inc's competitive edge and profitability as well as for his excellent character and wealth of knowledge.

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

Average tenure and age of the NTT DOCOMO management team in years:

3.4
Average Tenure
58
Average Age
  • The tenure for the NTT DOCOMO management team is about average.
Management Team

Kazuhiro Yoshizawa

TITLE
President
AGE
64
TENURE
3.4 yrs

Osamu Hirokado

TITLE
Executive VP
AGE
57
TENURE
1.4 yrs

Rakshit Kapoor

TITLE
Head of Indian Operations
TENURE
3.3 yrs

Keisuke Yoshizawa

TITLE
Managing Director of Investor Relations Department

Hiroshi Tsujigami

TITLE
Senior EVP
AGE
61
TENURE
3.4 yrs

Shigeto Torizuka

TITLE
Executive VP
AGE
57
TENURE
1.4 yrs

Makoto Tani

TITLE
Senior VP & Executive GM of Tokai Regional Office
AGE
58

Hiroshi Nakamura

TITLE
Executive VP
AGE
57
TENURE
5.4 yrs

Seiji Maruyama

TITLE
Senior EVP
AGE
58
TENURE
5.4 yrs

Ken Yoshizaki

TITLE
Senior VP & GM of Financial Business Department
Board of Directors Tenure

Average tenure and age of the NTT DOCOMO board of directors in years:

1.9
Average Tenure
57
Average Age
  • The average tenure for the NTT DOCOMO board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kazuhiro Yoshizawa

TITLE
President
AGE
64
TENURE
8.4 yrs

Osamu Hirokado

TITLE
Executive VP
AGE
57
TENURE
1.4 yrs

Hiroshi Tsujigami

TITLE
Senior EVP
AGE
61
TENURE
11.4 yrs

Shigeto Torizuka

TITLE
Executive VP
AGE
57
TENURE
1.4 yrs

Hiroshi Nakamura

TITLE
Executive VP
AGE
57
TENURE
2.4 yrs

Seiji Maruyama

TITLE
Senior EVP
AGE
58
TENURE
3.4 yrs

Hozumi Tamura

TITLE
Executive VP
AGE
57
TENURE
2.4 yrs

Kenichi Mori

TITLE
Executive VP
AGE
56
TENURE
1.4 yrs

Michio Fujiwara

TITLE
Senior VP & Executive GM of Tohoku Regional Office and Director
AGE
55
TENURE
0.4 yrs

Kouji Tsubouchi

TITLE
Executive VP & Executive GM of Hokkaido Regional Office and Director
AGE
56
TENURE
0.4 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 NTT DOCOMO'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. NTT DOCOMO 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.

MCNA News

Simply Wall St News

MCNA Company Info

Description

NTT DOCOMO, INC., a telecommunications company, provides various mobile services in Japan and internationally. It operates through three segments: Telecommunications Business, Smart Life Business, and Other Businesses. The company offers iPhone, iPad, smartphone, tablet, and feature phone products and services under the docomo name, as well as d POINT CLUB, a point program. It also provides technical and operational services to mobile operators and other companies. In addition, the company offers LTE, FOMA, and FOMA high-speed services; docomo Wi-Fi services; VoLTE voice call services; docomo Hikari, an optical Internet service; and docomo Shop services. Further, it provides optical-fiber broadband, satellite mobile communications, and international services; distributes video, music, and electronic books, etc.; and offers finance/payment services, online shopping service, other life-related services, etc. Additionally, the company engages in the mobile device protection service, commissioned development/sale, system maintenance businesses, etc. As of March 31, 2019, it had 78.45 million cellular subscriptions; and 70.15 million d POINT CLUB memberships. NTT DOCOMO, INC. has collaboration with Tohoku University to research on an artificial-intelligence technology to detect periodontal disease by photographing a person's gums with a smartphone. It also has a mobile payment alliance agreement with Merpay, Inc., LINE Pay Corporation, and KDDI Corporation for merchant stores. The company was founded in 1991 and is headquartered in Tokyo, Japan. NTT DOCOMO, INC. is a subsidiary of Nippon Telegraph and Telephone Corporation.

Details
Name: NTT DOCOMO, INC.
MCNA
Exchange: DB
Founded: 1991
¥81,936,242,355
3,278,352,156
Website: http://www.nttdocomo.co.jp
Address: NTT DOCOMO, INC.
Sanno Park Tower,
2-11-1, Nagata-cho,
Tokyo,
100-6150,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9437 Common Stock The Tokyo Stock Exchange JP JPY 22. Oct 1998
OTCPK NTDM.F Common Stock Pink Sheets LLC US USD 22. Oct 1998
DB MCN Common Stock Deutsche Boerse AG DE EUR 22. Oct 1998
OTCPK DCMY.Y ADS EACH 1 REP 1 ORD SHS NPV Pink Sheets LLC US USD 01. Mar 2002
DB MCNA ADS EACH 1 REP 1 ORD SHS NPV Deutsche Boerse AG DE EUR 01. Mar 2002
Number of employees
Current staff
Staff numbers
26,564
NTT DOCOMO employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:15
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/05
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.