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OKWAVE

NSE:3808
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3808
NSE
¥14B
Market Cap
  1. Home
  2. JP
  3. Media
Company description

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.


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  • OKWAVE has significant price volatility in the past 3 months.
3808 Share Price and Events
7 Day Returns
-4.9%
NSE:3808
1.8%
JP Interactive Media and Services
1.3%
JP Market
1 Year Returns
-8.6%
NSE:3808
23.7%
JP Interactive Media and Services
9.4%
JP Market
3808 Shareholder Return
  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%
1 Year Return vs Industry and Market
  • 3808 underperformed the Interactive Media and Services industry which returned 23.7% over the past year.
  • 3808 underperformed the Market in Japan which returned 9.4% over the past year.
Price Volatility
3808
Industry
5yr Volatility vs Market

3808 Value

 Is OKWAVE 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 OKWAVE 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 OKWAVE.

NSE:3808 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NSE:3808
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.

NSE:3808 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥2.5 / (7.13% - -0.09%)
¥34.64
NSE:3808 Discount to Share Price
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 .

  • The current share price of OKWAVE is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for OKWAVE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OKWAVE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSE:3808 PE (Price to Earnings) Ratio Data Sources
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.

NSE:3808 PE (Price to Earnings) Ratio Calculation
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 >

  • OKWAVE is overvalued based on earnings compared to the JP Interactive Media and Services industry average.
  • OKWAVE is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does OKWAVE's expected growth come at a high price?
Raw Data
NSE:3808 PEG (Price to Earnings to Growth) Ratio Data Sources
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 >

  • Unable to calculate PEG ratio for OKWAVE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on OKWAVE's assets?
Raw Data
NSE:3808 PB (Price to Book) Ratio Data Sources
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
NSE:3808 PB (Price to Book) Ratio Calculation
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 >

  • OKWAVE is good value based on assets compared to the JP Interactive Media and Services industry average.
X
Value checks
We assess OKWAVE'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 Interactive Media and Services 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 Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. OKWAVE has a total score of 1/6, 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.

3808 Future Performance

 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.

Show me the analysis anyway

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
27.9%
Expected Interactive Media and Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OKWAVE expected to grow at an attractive rate?
  • Unable to compare OKWAVE's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare OKWAVE's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare OKWAVE's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSE:3808 Future Growth Rates Data Sources
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.

Analysts growth expectations
Raw Data
NSE:3808 Analysts Growth Expectations Data Sources
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 numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSE:3808 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSE:3808 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Unable to determine if OKWAVE is high growth as no earnings estimate data is available.
  • Unable to determine if OKWAVE is high growth as no revenue estimate data is available.
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
NSE:3808 Past and Future Earnings per Share
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.

NSE:3808 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSE:3808 Past Financials Data
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.

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.
  • Unable to establish if OKWAVE will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. OKWAVE's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess OKWAVE'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 Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan 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.
OKWAVE has a total score of 0/6, 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.

3808 Past Performance

  How has OKWAVE 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 OKWAVE's growth in the last year to its industry (Interactive Media and Services).
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.
  • OKWAVE has delivered over 20% year on year earnings growth in the past 5 years.
  • OKWAVE's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • OKWAVE's 1-year earnings growth is negative, it can't be compared to the JP Interactive Media and Services industry average.
Earnings and Revenue History
OKWAVE'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 OKWAVE Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSE:3808 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 4,674.00 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.

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.
  • OKWAVE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OKWAVE used its assets less efficiently than the JP Interactive Media and Services industry average last year based on Return on Assets.
  • OKWAVE's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OKWAVE'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 Interactive Media and Services 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.
OKWAVE has a total score of 1/6, 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.

3808 Health

 How is OKWAVE'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 OKWAVE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OKWAVE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OKWAVE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of OKWAVE'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.
  • Low level of unsold assets.
  • 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 OKWAVE Company Filings, last reported 2 months ago.

NSE:3808 Past Debt and Equity Data
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
  • OKWAVE's level of debt (96%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.1% vs 96% today).
  • Debt is not well covered by operating cash flow (2.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 219.5x coverage).
X
Financial health checks
We assess OKWAVE'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. OKWAVE has a total score of 3/6, 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.

3808 Dividends

 What is OKWAVE'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
0.17%
Current annual income from OKWAVE dividends.
If you bought ¥2,000 of OKWAVE shares you are expected to receive ¥3 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?
  • OKWAVE's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • OKWAVE's dividend is below the markets top 25% of dividend payers in Japan (2.91%).
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
NSE:3808 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 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.

NSE:3808 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
NSE:3808 Past Annualized Dividends Data
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 >

  • OKWAVE is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • OKWAVE is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of OKWAVE's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of OKWAVE's dividends as it is not paying a notable one for Japan.
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 OKWAVE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 OKWAVE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OKWAVE has a total score of 0/6, see the detailed checks below.


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

3808 Management

 What is the CEO of OKWAVE'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
Kaneto Kanemoto
AGE 53
TENURE AS CEO 19.8 years
CEO Bio

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.

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

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

7
Average Tenure
53
Average Age
  • The average tenure for the OKWAVE management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kaneto Kanemoto

TITLE
President and Representative Director
AGE
53
TENURE
19.8 yrs

Gen Matsuda

TITLE
President & CEO

Masanori Nozaki

TITLE
Co-Founder
AGE
50
TENURE
8.4 yrs

Tetsuya Sato

TITLE
Head of General Research Laboratory
AGE
58
TENURE
7 yrs

Michio Fukuda

TITLE
Vice President
AGE
48
TENURE
3.4 yrs

Shuji Asakawa

TITLE
General Manager of Research & Development Division and Director
AGE
58
TENURE
4.4 yrs
Board of Directors Tenure

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

11.3
Average Tenure
58
Average Age
  • The average tenure for the OKWAVE board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kaneto Kanemoto

TITLE
President and Representative Director
AGE
53
TENURE
19.8 yrs

Masanori Nozaki

TITLE
Co-Founder
AGE
50
TENURE
19.8 yrs

Tetsuya Sato

TITLE
Head of General Research Laboratory
AGE
58
TENURE
5.3 yrs

Michio Fukuda

TITLE
Vice President
AGE
48
TENURE
19.5 yrs

Shuji Asakawa

TITLE
General Manager of Research & Development Division and Director
AGE
58
TENURE
7.3 yrs

Tomoaki Hamano

TITLE
External Director
AGE
50
TENURE
9.3 yrs

Yuri Konno

TITLE
External Director
AGE
83
TENURE
5.3 yrs

Takayuki Sato

TITLE
External Standing Corporate Auditor
AGE
69
TENURE
14.3 yrs

Nobuyuki Hata

TITLE
External Auditor
AGE
70
TENURE
13.3 yrs

Shoji Honda

TITLE
External Auditor
AGE
74
TENURE
9.3 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 OKWAVE'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. OKWAVE 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.

3808 News

Simply Wall St News

3808 Company Info

Description

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.

Details
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
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSE 3808 Common Shares Nagoya Stock Exchange JP JPY 20. Jun 2006
Number of employees
Current staff
Staff numbers
292
OKWAVE employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
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.