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OKWAVE, Inc. operates as an Internet question and answer (Q and A) community site in Japan. The last earnings update was 31 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
OKWAVE (3808) | -4.9% | 5.4% | 6.5% | -8.6% | 280.2% | 329.8% |
JP Interactive Media and Services | 1.8% | -3.3% | 17.3% | 23.7% | 4.2% | -2.9% |
JP Market | 1.3% | 3.2% | 8% | 9.4% | 13.8% | 27% |
Is OKWAVE undervalued based on future cash flows and its price relative to the stock market?
Below are the data sources, inputs and calculation used to determine the intrinsic value for OKWAVE.
Data Point | Source | Value |
---|---|---|
Valuation Model | Dividend Discount Model | |
Dividend Per Share | Company Filings (2019-09-30) in JPY | ¥ 2.500000 |
Payout Ratio | Company Filings (2019-09-30) | 740.1% |
Discount Rate (Cost of Equity) | See below | 7.1% |
Perpetual Growth Rate | 10-Year JP Government Bond Rate | -0.1% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year JP Govt Bond Rate | -0.1% |
Equity Risk Premium | S&P Global | 6.3% |
Interactive Media and Services Unlevered Beta | Simply Wall St/ S&P Global | 1.04 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.043 (1 + (1- 30.86%) (23.1%)) |
1.14 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.14 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.14 * 6.33%) |
7.13% |
Discounted Cash Flow Calculation for NSE:3808 using Dividend Discount Model Model
The calculations below outline how an intrinsic value for OKWAVE is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).
If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.
See our documentation to learn about this calculation.
Calculation | Result | |
---|---|---|
Value per share |
= Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥2.5 / (7.13% - -0.09%) |
¥34.64 |
Calculation | Result | |
---|---|---|
Value per share (JPY) | From above. | ¥34.64 |
Current discount | Discount to share price of
¥1,513.00
= -1 x (¥1,513.00 - ¥34.64) / ¥34.64 |
-4267.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2019-09-30) in JPY | ¥4.66 |
NSE:3808 Share Price ** | NSE (2019-12-13) in JPY | ¥1513 |
Japan Interactive Media and Services Industry PE Ratio | Median Figure of 43 Publicly-Listed Interactive Media and Services Companies | 37.43x |
Japan Market PE Ratio | Median Figure of 3,073 Publicly-Listed Companies | 15.65x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of OKWAVE.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NSE:3808 Share Price ÷ EPS (both in JPY) = 1513 ÷ 4.66 |
324.5x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 324.5x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
Japan Interactive Media and Services Industry PEG Ratio | Median Figure of 24 Publicly-Listed Interactive Media and Services Companies | 1.93x |
Japan Market PEG Ratio | Median Figure of 1,367 Publicly-Listed Companies | 1.87x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2019-09-30) in JPY | ¥360.47 |
NSE:3808 Share Price * | NSE (2019-12-13) in JPY | ¥1513 |
Japan Interactive Media and Services Industry PB Ratio | Median Figure of 50 Publicly-Listed Interactive Media and Services Companies | 4.4x |
Japan Market PB Ratio | Median Figure of 3,530 Publicly-Listed Companies | 1.14x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NSE:3808 Share Price ÷ Book Value per Share (both in JPY) = 1513 ÷ 360.47 |
4.2x |
* Primary Listing of OKWAVE.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
How is OKWAVE expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as OKWAVE has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Data Point | Source | Value (per year) |
---|---|---|
Japan Interactive Media and Services Industry Earnings Growth Rate | Market Cap Weighted Average | 27.9% |
Japan Interactive Media and Services Industry Revenue Growth Rate | Market Cap Weighted Average | 8.8% |
Japan Market Earnings Growth Rate | Market Cap Weighted Average | 9.4% |
Japan Market Revenue Growth Rate | Market Cap Weighted Average | 3.6% |
*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.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (2 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
Date (Data in JPY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|
Date (Data in JPY Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2019-09-30 | 4,674 | 42 | |
2019-06-30 | 4,892 | 82 | 629 |
2019-03-31 | 5,429 | 1,528 | |
2018-12-31 | 4,883 | 751 | 1,383 |
2018-09-30 | 4,268 | 1,231 | |
2018-06-30 | 3,786 | 926 | 1,071 |
2018-03-31 | 2,561 | 195 | |
2017-12-31 | 2,426 | 103 | 156 |
2017-09-30 | 2,393 | 149 | |
2017-06-30 | 2,411 | 152 | 123 |
2017-03-31 | 2,354 | 78 | |
2016-12-31 | 2,393 | 196 | 84 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (2 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from OKWAVE Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in JPY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|
Date (Data in JPY Millions) | EPS * |
---|---|
2019-09-30 | 4.66 |
2019-06-30 | 70.39 |
2019-03-31 | 172.40 |
2018-12-31 | 157.10 |
2018-09-30 | 140.58 |
2018-06-30 | 122.49 |
2018-03-31 | 22.33 |
2017-12-31 | 17.87 |
2017-09-30 | 17.07 |
2017-06-30 | 14.09 |
2017-03-31 | 8.94 |
2016-12-31 | 9.63 |
*GAAP earnings excluding extraordinary items.
How has OKWAVE performed over the past 5 years?
All data from OKWAVE Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in JPY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2019-09-30 | 4,674.00 | 42.00 | 2,308.00 | |
2019-06-30 | 4,892.00 | 629.00 | 1,995.00 | |
2019-03-31 | 5,429.00 | 1,528.00 | 1,771.00 | |
2018-12-31 | 4,883.00 | 1,383.00 | 1,518.00 | |
2018-09-30 | 4,268.00 | 1,231.00 | 1,337.00 | |
2018-06-30 | 3,786.00 | 1,071.00 | 1,139.00 | |
2018-03-31 | 2,561.00 | 195.00 | 1,029.00 | |
2017-12-31 | 2,426.00 | 156.00 | 1,027.00 | |
2017-09-30 | 2,393.00 | 149.00 | 1,055.00 | |
2017-06-30 | 2,411.00 | 123.00 | 1,075.00 | |
2017-03-31 | 2,354.00 | 78.00 | 1,033.00 | |
2016-12-31 | 2,393.00 | 84.00 | 986.00 | |
2016-09-30 | 2,403.00 | 44.00 | 934.00 | |
2016-06-30 | 2,410.00 | 73.00 | 898.00 | |
2016-03-31 | 2,472.00 | 111.00 | 918.00 | |
2015-12-31 | 2,516.00 | 91.00 | 979.00 | |
2015-09-30 | 2,621.00 | 72.00 | 1,025.00 | |
2015-06-30 | 2,737.00 | 21.00 | 1,072.00 | |
2015-03-31 | 2,886.00 | -334.00 | 1,170.00 | |
2014-12-31 | 3,031.00 | -264.00 | 1,199.00 | |
2014-09-30 | 3,130.00 | -332.00 | 1,256.00 | |
2014-06-30 | 3,241.00 | -410.00 | 1,320.00 | |
2014-03-31 | 3,459.00 | -146.00 | 1,311.00 | |
2013-12-31 | 3,534.00 | -246.00 | 1,293.00 | |
2013-09-30 | 3,132.00 | -442.00 | 1,139.00 | |
2013-06-30 | 2,698.00 | -361.00 | 972.00 | |
2013-03-31 | 2,070.00 | -297.00 | 835.00 | |
2012-12-31 | 1,578.00 | -235.00 | 722.00 |
*GAAP earnings excluding extraordinary items.
How is OKWAVE's financial health and their level of debt?
All data from OKWAVE Company Filings, last reported 2 months ago.
Date (Data in JPY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2019-09-30 | 3,323.00 | 3,191.00 | 1,835.00 |
2019-06-30 | 3,774.00 | 3,199.00 | 1,660.00 |
2019-03-31 | 3,684.00 | 3,165.00 | 1,157.00 |
2018-12-31 | 3,467.00 | 2,919.00 | 1,246.00 |
2018-09-30 | 2,723.00 | 59.00 | 1,308.00 |
2018-06-30 | 2,601.00 | 64.00 | 1,578.00 |
2018-03-31 | 1,678.00 | 67.00 | 758.00 |
2017-12-31 | 1,593.00 | 19.00 | 671.00 |
2017-09-30 | 1,508.00 | 21.00 | 870.00 |
2017-06-30 | 1,490.00 | 23.00 | 799.00 |
2017-03-31 | 1,434.00 | 25.00 | 744.00 |
2016-12-31 | 1,386.00 | 28.00 | 714.00 |
2016-09-30 | 1,370.00 | 29.00 | 790.00 |
2016-06-30 | 1,382.00 | 31.00 | 874.00 |
2016-03-31 | 1,357.00 | 33.00 | 900.00 |
2015-12-31 | 1,323.00 | 35.00 | 881.00 |
2015-09-30 | 1,315.00 | 37.00 | 864.00 |
2015-06-30 | 1,291.00 | 38.00 | 862.00 |
2015-03-31 | 1,236.00 | 42.00 | 664.00 |
2014-12-31 | 1,230.00 | 47.00 | 616.00 |
2014-09-30 | 1,247.00 | 51.00 | 622.00 |
2014-06-30 | 1,274.00 | 66.00 | 656.00 |
2014-03-31 | 1,560.00 | 85.00 | 834.00 |
2013-12-31 | 1,459.00 | 119.00 | 727.00 |
2013-09-30 | 1,541.00 | 70.00 | 906.00 |
2013-06-30 | 1,649.00 | 139.00 | 1,119.00 |
2013-03-31 | 1,681.00 | 109.00 | 1,100.00 |
2012-12-31 | 1,691.00 | 123.00 | 1,213.00 |
What is OKWAVE's current dividend yield, its reliability and sustainability?
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 0 Analyst Estimates (S&P Global) | See Below |
Japan Interactive Media and Services Industry Average Dividend Yield | Market Cap Weighted Average of 16 Stocks | 2.1% |
Japan Market Average Dividend Yield | Market Cap Weighted Average of 2972 Stocks | 2.3% |
Japan Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
Japan Bottom 25% Dividend Yield | 25th Percentile | 1.3% |
Japan Top 25% Dividend Yield | 75th Percentile | 2.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in ¥) | Dividend per Share (annual) | Avg. No. Analysts |
---|
Date (Data in ¥) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2019-09-30 | 2.500 | 0.153 |
2019-08-14 | 2.500 | 0.167 |
2018-09-25 | 2.500 | 0.128 |
2018-08-13 | 2.500 | 0.085 |
2014-05-14 | 0.000 | 0.000 |
2014-02-14 | 0.000 | 0.000 |
2013-11-14 | 0.000 | 0.000 |
2013-11-13 | 0.000 | 0.000 |
2013-09-30 | 0.000 | 0.000 |
2013-08-14 | 0.000 | 0.000 |
2012-11-07 | 2.500 | 0.382 |
2012-09-24 | 2.500 | 0.247 |
2012-08-14 | 2.500 | 0.217 |
2012-05-02 | 2.500 | 0.384 |
2011-11-04 | 2.500 | 0.849 |
2011-09-26 | 2.500 | 0.755 |
2011-08-12 | 2.500 | 0.698 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Kaneto Kanemoto has been the President of OKWave since February 2000 and served as its Manager of Consumer Solutions Business Department since July 2014. Mr. Kanemoto served as Chief Executive Officer of OKWave. Mr. Kanemoto joined GK Kyoto, Inc. in April 1989. He joined K.K. Daiwa in March 1992. He joined Isola Communications Co., Ltd. in October 1996. He has been a Representative Director of OKWave since February 2000.
Average tenure and age of the OKWAVE management team in years:
Average tenure and age of the OKWAVE board of directors in years:
OKWAVE, Inc. operates as an Internet question and answer (Q and A) community site in Japan. The company’s services include OKWAVE Professional, a Q and A service by experts in various fields; OKWAVE Guide, a social-how-to community site; OKWAVE.com, a multilingual social community with approximately 20 languages; and OKWAVE advertisement, as well as OKWAVE.jp, support community cloud, and QA services for individuals. It also provides enterprise customer support solutions, such as OKBIZ. FAQ/helpdesk support, community support, site search, and chat and bot services, as well as QA service for corporate customers. The company was founded in 1999 and is headquartered in Tokyo, Japan.
Name: | OKWAVE, Inc. |
3808 | |
Exchange: | NSE |
Founded: | 1999 |
¥13,813,565,934 | |
9,129,918 | |
Website: | http://www.okwave.co.jp |
Address: |
OKWAVE, Inc. Unosawa Tokyu Building, 5th Floor, Tokyo, 150-0013, Japan |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NSE | 3808 | Common Shares | Nagoya Stock Exchange | JP | JPY | 20. Jun 2006 |
Interactive Media and Services | |
Media |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/12/15 15:07 |
End of day share price update: | 2019/12/13 00:00 |
Last estimates confirmation: | 2019/08/14 |
Last earnings filing: | 2019/11/14 |
Last earnings reported: | 2019/09/30 |
Last annual earnings reported: | 2019/06/30 |
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.