Bengo4.com

TSE:6027

Snowflake Description

Exceptional growth potential with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

6027

TSE

¥126B

Market Cap

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Last updated 2019/12/09 15:20

Company description

Bengo4.com, Inc. primarily develops and operates legal counseling portal site in Japan. The last earnings update was 25 days ago. More info.

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Bengo4.com has significant price volatility in the past 3 months.

6027 Share Price and Events

7 Day Returns

-4.9%

TSE:6027

-0.2%

JP Interactive Media and Services

0.2%

JP Market

1 Year Returns

44.8%

TSE:6027

14.7%

JP Interactive Media and Services

5.5%

JP Market

6027 Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
Bengo4.com (6027)	-4.9%	17.9%	35.5%	44.8%	695.2%	391.6%
JP Interactive Media and Services	-0.2%	7.1%	19%	14.7%	1.5%	-4.5%
JP Market	0.2%	0.4%	9.6%	5.5%	13.7%	25.3%

1 Year Return vs Industry and Market

6027 outperformed the Interactive Media and Services industry which returned 14.7% over the past year.
6027 outperformed the Market in Japan which returned 5.5% over the past year.

Price Volatility

6027

Industry

5yr Volatility vs Market

Related Companies

6027 Value

Is Bengo4.com 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 Bengo4.com 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 Bengo4.com.

TSE:6027 Discounted Cash Flow Data Sources
Data Point	Source	Value
Valuation Model		2 Stage Free Cash Flow to Equity
Levered Free Cash Flow	Average of 4 Analyst Estimates (S&P Global)	See below
Discount Rate (Cost of Equity)	See below	6.4%
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 TSE:6027
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)) = 1.038 (1 + (1- 30.86%) (0%))	1.025
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.03
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = -0.09% + (1.025 * 6.33%)	6.4%

Discounted Cash Flow Calculation for TSE:6027 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bengo4.com 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.

TSE:6027 DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (JPY, Millions)	Source	Present Value Discounted (@ 6.4%)
2020	175.00	Analyst x1	164.47
2021	492.00	Analyst x2	434.59
2022	2,028.00	Analyst x1	1,683.59
2023	3,427.24	Est @ 69%	2,674.06
2024	5,081.59	Est @ 48.27%	3,726.33
2025	6,797.25	Est @ 33.76%	4,684.59
2026	8,401.84	Est @ 23.61%	5,442.14
2027	9,787.95	Est @ 16.5%	5,958.59
2028	10,915.65	Est @ 11.52%	6,245.37
2029	11,793.04	Est @ 8.04%	6,341.48
Present value of next 10 years cash flows			¥37,355.00

TSE:6027 DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₉ × (1 + g) ÷ (Discount Rate – g) = ¥11,793.04 × (1 + -0.09%) ÷ (6.4% – -0.09%)	¥181,534.45
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = ¥181,534.45 ÷ (1 + 6.4%)¹⁰	¥97,616.65

TSE:6027 Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = ¥37,355.00 + ¥97,616.65	¥134,971.65
Equity Value per Share (JPY)	= Total value / Shares Outstanding = ¥134,971.65 / 22.25	¥6066.28

TSE:6027 Discount to Share Price
	Calculation	Result
Value per share (JPY)	From above.	¥6,066.28
Current discount	Discount to share price of ¥5,670.00 = -1 x (¥5,670.00 - ¥6,066.28) / ¥6,066.28	6.5%

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

Current Discount

Amount off the current price Bengo4.com is available for.

Share price is ¥5670 vs Future cash flow value of ¥6066.28

Current Discount Checks

For Bengo4.com to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.

Bengo4.com's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Bengo4.com'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 Bengo4.com's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are Bengo4.com's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

TSE:6027 PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2019-09-30) in JPY	¥15.17
TSE:6027 Share Price **	TSE (2019-12-09) in JPY	¥5670
Japan Interactive Media and Services Industry PE Ratio	Median Figure of 43 Publicly-Listed Interactive Media and Services Companies	36.63x
Japan Market PE Ratio	Median Figure of 3,068 Publicly-Listed Companies	15.46x

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

** Primary Listing of Bengo4.com.

TSE:6027 PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= TSE:6027 Share Price ÷ EPS (both in JPY) = 5670 ÷ 15.17	373.78x

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

Bengo4.com is overvalued based on earnings compared to the JP Interactive Media and Services industry average.
Bengo4.com is overvalued based on earnings compared to the Japan market.

Price based on expected Growth

Does Bengo4.com's expected growth come at a high price?

Raw Data

TSE:6027 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	373.78x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts	66.1%per year
Japan Interactive Media and Services Industry PEG Ratio	Median Figure of 24 Publicly-Listed Interactive Media and Services Companies	1.98x
Japan Market PEG Ratio	Median Figure of 1,368 Publicly-Listed Companies	1.88x

*Line of best fit is calculated by linear regression .

TSE:6027 PEG (Price to Earnings to Growth) Ratio Calculation
	Calculation	Outcome
PEG Ratio	= PE Ratio ÷ Net Income Annual Growth Rate = 373.78x ÷ 66.1%	5.66x

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

Bengo4.com is poor value based on expected growth next year.

Price based on value of assets

What value do investors place on Bengo4.com's assets?

Raw Data

TSE:6027 PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2019-09-30) in JPY	¥91.25
TSE:6027 Share Price *	TSE (2019-12-09) in JPY	¥5670
Japan Interactive Media and Services Industry PB Ratio	Median Figure of 50 Publicly-Listed Interactive Media and Services Companies	4.52x
Japan Market PB Ratio	Median Figure of 3,527 Publicly-Listed Companies	1.12x

TSE:6027 PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= TSE:6027 Share Price ÷ Book Value per Share (both in JPY) = 5670 ÷ 91.25	62.14x

* Primary Listing of Bengo4.com.

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

Bengo4.com is overvalued based on assets compared to the JP Interactive Media and Services industry average.

Value checks

We assess Bengo4.com's value by looking at:

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. )
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)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Interactive Media and Services industry average (and greater than 0)? (1 check)

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

6027 Future Performance

How is Bengo4.com expected to perform in the next 1 to 3 years based on estimates from 4 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!

66.1%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is Bengo4.com expected to grow at an attractive rate?

Bengo4.com's earnings growth is expected to exceed the low risk savings rate of -0.1%.

Growth vs Market Checks

Bengo4.com's earnings growth is expected to exceed the Japan market average.
Bengo4.com's revenue growth is expected to exceed the Japan market average.

Annual Growth Rates Comparison

Raw Data

TSE:6027 Future Growth Rates Data Sources
Data Point	Source	Value (per year)
TSE:6027 Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts	66.1%
TSE:6027 Future Revenue Growth Rate	Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts	33.4%
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	8.7%
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

TSE:6027 Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (2 months ago)	See Below
Future Estimates	Average of up to 4 Analyst Estimates (S&P Global)	See Below

All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6027 Future Estimates Data
Date (Data in JPY Millions)	Revenue	Cash Flow	Net Income *	Avg. No. Analysts
2022-03-31	8,155	1,637	1,365	2
2021-03-31	5,807	641	548	3
2020-03-31	4,280	296	336	4

TSE:6027 Past Financials Data
Date (Data in JPY Millions)	Revenue	Cash Flow	Net Income *
2019-09-30	3,633	386	337
2019-06-30	3,379		371
2019-03-31	3,132	299	333
2018-12-31	2,880		287
2018-09-30	2,668	339	314
2018-06-30	2,488		314
2018-03-31	2,318	393	323
2017-12-31	2,162		330
2017-09-30	1,983	400	307
2017-06-30	1,817		297
2017-03-31	1,657	235	257
2016-12-31	1,511		224

*GAAP earnings excluding extraordinary items.

High Growth Checks

Bengo4.com's earnings are expected to grow significantly at over 20% yearly.
Bengo4.com's revenue is expected to grow significantly at over 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

TSE:6027 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 4 Analyst Estimates (S&P Global)	See Below

All data from Bengo4.com Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6027 Future Estimates Data
Date (Data in JPY Millions)	EPS *	EPS High Estimate	EPS Low Estimate	Avg. No. Analysts
2022-03-31	61.38	75.56	47.20	2.00
2021-03-31	24.65	29.68	15.06	3.00
2020-03-31	15.13	15.30	14.83	4.00

TSE:6027 Past Financials Data
Date (Data in JPY Millions)	EPS *
2019-09-30	15.17
2019-06-30	16.71
2019-03-31	15.01
2018-12-31	12.95
2018-09-30	14.17
2018-06-30	14.18
2018-03-31	14.62
2017-12-31	15.00
2017-09-30	10.53
2017-06-30	11.68
2017-03-31	11.82
2016-12-31	12.37

*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.

Bengo4.com is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).

Show me more growth companies in the Interactive Media and Services industry

Future performance checks

We assess Bengo4.com's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Japan market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
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.
Bengo4.com has a total score of 6/6, 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.

6027 Past Performance

How has Bengo4.com 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 Bengo4.com'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.

Bengo4.com has delivered over 20% year on year earnings growth in the past 5 years.
Bengo4.com's 1-year earnings growth is less than its 5-year average (7.3% vs 20.9%)
Bengo4.com's earnings growth has not exceeded the JP Interactive Media and Services industry average in the past year (7.3% vs 10%).

Earnings and Revenue History

Bengo4.com'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 Bengo4.com Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6027 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions)	Revenue	Net Income *	G+A Expenses
2019-09-30	3,633.00	337.00	2,556.00
2019-06-30	3,379.00	371.00	2,306.00
2019-03-31	3,132.00	333.00	2,149.00
2018-12-31	2,880.00	287.00	1,993.00
2018-09-30	2,668.00	314.00	1,802.00
2018-06-30	2,488.00	314.00	1,660.00
2018-03-31	2,318.00	323.00	1,519.00
2017-12-31	2,162.00	330.00	1,380.00
2017-09-30	1,983.00	307.00	1,264.00
2017-06-30	1,817.00	297.00	1,145.00
2017-03-31	1,657.00	257.00	1,066.00
2016-12-31	1,511.00	224.00	995.00
2016-09-30	1,379.00	214.00	890.00
2016-06-30	1,241.00	194.00	799.00
2016-03-31	1,114.00	179.00	699.00
2015-12-31	1,006.00	185.00	595.00
2015-09-30	895.00	151.00	552.00
2015-06-30	780.00	127.00	496.00
2015-03-31	690.00	112.00	458.00
2014-03-31	291.00	13.00	238.00
2013-03-31	159.00	-16.00	136.00

*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.

Bengo4.com has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Bengo4.com used its assets more efficiently than the JP Interactive Media and Services industry average last year based on Return on Assets.
Bengo4.com's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Past performance checks

We assess Bengo4.com's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Interactive Media and Services industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Bengo4.com 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.

6027 Health

How is Bengo4.com'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 Bengo4.com's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

Bengo4.com is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Bengo4.com's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of Bengo4.com'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.
Bengo4.com has no debt, it does not need to be covered by short term assets.

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 Bengo4.com Company Filings, last reported 2 months ago.

TSE:6027 Past Debt and Equity Data
Date (Data in JPY Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2019-09-30	2,029.00	0.00	1,392.00
2019-06-30	1,988.00	0.00	1,428.00
2019-03-31	1,869.00	0.00	1,395.00
2018-12-31	1,746.00	0.00	1,242.00
2018-09-30	1,686.00	0.00	1,320.00
2018-06-30	1,612.00	0.00	1,197.00
2018-03-31	1,530.00	0.00	1,256.00
2017-12-31	1,457.00	0.00	1,138.00
2017-09-30	1,369.00	0.00	1,125.00
2017-06-30	1,295.00	0.00	990.00
2017-03-31	1,179.00	0.00	974.00
2016-12-31	1,099.00	0.00	869.00
2016-09-30	1,033.00	0.00	783.00
2016-06-30	969.00	0.00	722.00
2016-03-31	980.00	0.00	885.00
2015-12-31	1,015.00	0.00	903.00
2015-09-30	960.00	0.00	873.00
2015-06-30	916.00	0.00	806.00
2015-03-31	881.00	0.00	807.00
2014-03-31	159.00	0.00	126.00
2013-03-31	104.00	10.00	111.00

Bengo4.com has no debt.
Bengo4.com currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Bengo4.com has no debt, it does not need to be covered by operating cash flow.
Bengo4.com has no debt, therefore coverage of interest payments is not a concern.

Show me more healthy companies in the Interactive Media and Services industry

Financial health checks

We assess Bengo4.com's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
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.

6027 Dividends

What is Bengo4.com'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

Current annual income from Bengo4.com dividends. Estimated to be 0% next year.

If you bought ¥2,000 of Bengo4.com shares you are expected to receive ¥0 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?

Unable to evaluate Bengo4.com's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Bengo4.com's dividend against the top 25% market benchmark as the company has not reported any payouts.

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

TSE:6027 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 4 Analyst Estimates (S&P Global)	See Below
Japan Interactive Media and Services Industry Average Dividend Yield	Market Cap Weighted Average of 16 Stocks	2.2%
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	3%

Industry and Market average data is calculated daily.

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

TSE:6027 Future Dividends Estimate Data
Date (Data in ¥)	Dividend per Share (annual)	Avg. No. Analysts
2022-03-31
2021-03-31	0.00	1.00
2020-03-31	0.00	1.00

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

Unable to perform a dividend volatility check as Bengo4.com has not reported any payouts.
Unable to verify if Bengo4.com's dividend has been increasing as the company has not reported any payouts.

Current Payout to shareholders

What portion of Bengo4.com's earnings are paid to the shareholders as a dividend.

Unable to calculate sustainability of dividends as Bengo4.com has not reported any payouts.

Future Payout to shareholders

No need to calculate the sustainability of Bengo4.com's dividends in 3 years as they are not expected to pay a notable one for Japan.

Income/ dividend checks

We assess Bengo4.com's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can Bengo4.com afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

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

6027 Management

What is the CEO of Bengo4.com'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

Taichiro Motoe

AGE

CEO Bio

Mr. Taichiro Motoe serves as the Chief Executive Officer at Bengo4.com, Inc.and has been its President since July 2005. He has been a Representative Director at Bengo4.com, Inc. since July 2005. He has been Representative Partner at Authense Law Offices since February 2013.

CEO Compensation

Insufficient data for Taichiro to compare compensation growth.
Insufficient data for Taichiro to establish whether their remuneration is reasonable compared to companies of similar size in Japan.

Management Team

Taichiro Motoe

TITLE

Chief Executive Officer

AGE

44

Shinichiro Sugiyama

TITLE

Chief Financial Officer and Director

AGE

45

Board of Directors Tenure

Average tenure and age of the Bengo4.com board of directors in years:

6.3

Average Tenure

Average Age

The tenure for the Bengo4.com board of directors is about average.

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 (¥)

Management checks

We assess Bengo4.com's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

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.

6027 News

Simply Wall St News

6027 Company Info

Description

Bengo4.com, Inc. primarily develops and operates legal counseling portal site in Japan. It also develops and operates sites for legal news media, legal advice, tax consultation, cloud-type electronic contract service, corporate legal affairs, and career consulting and career change support services, as well as for business support and customer support service for tax accountants. The company was founded in 2005 and is headquartered in Tokyo, Japan.

Details

Name:	Bengo4.com, Inc.
Ticker:	6027
Exchange:	TSE
Founded:	2005
Market Cap:	¥126,154,665,000
Shares outstanding:	22,249,500
Website:	http://corporate.bengo4.com
Address:	Bengo4.com, Inc. Kurosaki Building, 6th Floor, Tokyo, 106-0032, Japan

Listings

	Exchange Symbol	Ticker Symbol	Security	Exchange	Country	Currency	Listed on
	TSE	6027	Common Stock	The Tokyo Stock Exchange	JP	JPY	11. Dec 2014

Number of employees

Current staff

190

Bengo4.com employees.

Industry

Industry:	Interactive Media and Services
Sector:	Media

Company Analysis and Financial Data Status

Area	Date (UTC time)
Company Analysis updated:	2019/12/09 15:20
End of day share price update:	2019/12/09 00:00
Last estimates confirmation:	2019/11/05
Last earnings filing:	2019/11/14
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.

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Copyright © 2019, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2019)

Bengo4.com

6027 Share Price and Events

7 Day Returns

1 Year Returns

6027 Shareholder Return

1 Year Return vs Industry and Market

Price Volatility

Related Companies

Z Holdings

LINE

Kakaku.com

6027 Value

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS

Current Discount

Current Discount Checks

PRICE RELATIVE TO MARKET

Price based on past earnings

Price based on expected Growth

Price based on value of assets

Value checks

6027 Future Performance

Earnings growth vs Low Risk Savings

Growth vs Market Checks

Annual Growth Rates Comparison

Analysts growth expectations

High Growth Checks

Past and Future Earnings per Share

Performance in 3 years

Future performance checks

6027 Past Performance

Past earnings growth

Past Earnings growth analysis

Earnings and Revenue History

Performance last year

Past performance checks

6027 Health

Net Worth

Balance sheet

Assets

Liabilities and shares

Historical Debt

Financial health checks

6027 Dividends

Annual Dividend Income

Dividend Amount

Annualized Historical and Future Dividends

Current Payout to shareholders

Future Payout to shareholders

Income/ dividend checks

6027 Management

CEO

CEO Bio

CEO Compensation

Management Team

Taichiro Motoe

Chief Executive Officer

44

Shinichiro Sugiyama

Chief Financial Officer and Director

45

Board of Directors Tenure

Board of Directors

Taichiro Motoe

Chief Executive Officer

44

14.4 yrs

Shinichiro Sugiyama

Chief Financial Officer and Director

45

6.3 yrs

Fumihiko Ishimaru

External Director

44

6.3 yrs

Atsuhiro Murakami

External Director

44

5.3 yrs

Yosuke Watanabe

Director