WBAG:SON1

Stock Analysis Report

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Executive Summary

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide.

Rewards

Earnings are forecast to grow 11.98% per year

Risk Analysis

No risks detected for SON1 from our risk checks.


Snowflake Analysis

Mediocre balance sheet with limited growth.


Similar Companies

Share Price & News

How has Sony's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SON1 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.2%

SON1

2.1%

AT Consumer Durables

2.2%

AT Market


1 Year Return

36.8%

SON1

-4.1%

AT Consumer Durables

-21.1%

AT Market

Return vs Industry: SON1 exceeded the Austrian Consumer Durables industry which returned -5.5% over the past year.

Return vs Market: SON1 exceeded the Austrian Market which returned -21.2% over the past year.


Shareholder returns

SON1IndustryMarket
7 Day3.2%2.1%2.2%
30 Day11.3%1.4%-1.5%
90 Day12.9%10.0%-1.8%
1 Year37.7%36.8%-0.6%-4.1%-20.4%-21.1%
3 Yearn/a-5.5%-17.9%-16.1%-22.4%
5 Yearn/a22.8%-3.0%15.7%1.1%

Price Volatility Vs. Market

How volatile is Sony's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sony undervalued compared to its fair value and its price relative to the market?

15.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SON1 (€68.06) is trading above our estimate of fair value (€13.41)

Significantly Below Fair Value: SON1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SON1 is poor value based on its PE Ratio (15.8x) compared to the XE Consumer Durables industry average (12.7x).

PE vs Market: SON1 is poor value based on its PE Ratio (15.8x) compared to the Austrian market (12.4x).


Price to Earnings Growth Ratio

PEG Ratio: SON1 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: SON1 is overvalued based on its PB Ratio (2.4x) compared to the XE Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is Sony forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

12.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SON1's forecast earnings growth (12% per year) is above the savings rate (0.5%).

Earnings vs Market: SON1's earnings (12% per year) are forecast to grow slower than the Austrian market (24% per year).

High Growth Earnings: SON1's earnings are forecast to grow, but not significantly.

Revenue vs Market: SON1's revenue (4.2% per year) is forecast to grow faster than the Austrian market (3.8% per year).

High Growth Revenue: SON1's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SON1's Return on Equity is forecast to be low in 3 years time (13.4%).


Next Steps

Past Performance

How has Sony performed over the past 5 years?

45.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SON1 has high quality earnings.

Growing Profit Margin: SON1's current net profit margins (8%) are lower than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: SON1 has become profitable over the past 5 years, growing earnings by 45% per year.

Accelerating Growth: SON1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SON1 had negative earnings growth (-21.2%) over the past year, making it difficult to compare to the Consumer Durables industry average (-7.6%).


Return on Equity

High ROE: SON1's Return on Equity (14.1%) is considered low.


Next Steps

Financial Health

How is Sony's financial position?


Financial Position Analysis

Short Term Liabilities: SON1's short term assets (¥5,910.6B) do not cover its short term liabilities (¥6,330.1B).

Long Term Liabilities: SON1's short term assets (¥5,910.6B) do not cover its long term liabilities (¥12,294.4B).


Debt to Equity History and Analysis

Debt Level: SON1's debt to equity ratio (33.2%) is considered satisfactory.

Reducing Debt: SON1's debt to equity ratio has increased from 31.3% to 33.2% over the past 5 years.

Debt Coverage: SON1's debt is well covered by operating cash flow (89%).

Interest Coverage: SON1 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Sony current dividend yield, its reliability and sustainability?

0.59%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SON1's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.6%).

High Dividend: SON1's dividend (0.59%) is low compared to the top 25% of dividend payers in the Austrian market (5%).


Stability and Growth of Payments

Stable Dividend: SON1 is not paying a notable dividend for the Austrian market, therefore no need to check if payments are stable.

Growing Dividend: SON1 is not paying a notable dividend for the Austrian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: SON1 is not paying a notable dividend for the Austrian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SON1's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Kenichiro Yoshida (61 yo)

2.33yrs

Tenure

JP¥454,000,000

Compensation

Mr. Kenichiro Yoshida has been the Chairman of Sony Corporation since June 01, 2020 and has been its Director since June 19, 2014. He has been Representative Corporate Executive Officer of Sony Corporation ...


CEO Compensation Analysis

Compensation vs Market: Kenichiro's total compensation ($USD4.30M) is about average for companies of similar size in the Austrian market ($USD4.02M).

Compensation vs Earnings: Kenichiro's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kenichiro Yoshida
Chairman2.33yrsJP¥454.00m0.014%
¥ 11.9m
Hiroki Totoki
Executive Deputy President1.17yrsJP¥115.00m0.0025%
¥ 2.0m
Shiro Kambe
Senior EVP & Corporate Executive Officer10.58yrsJP¥81.00m0.0026%
¥ 2.2m
Kazushi Ambe
Senior EVP & Corporate Executive Officer5.75yrsJP¥76.00m0.0017%
¥ 1.4m
Toru Katsumoto
Executive Deputy President & Corporate Executive Officerno dataJP¥94.00m0.0013%
¥ 1.1m
Yasuhiro Ueda
Head of Technology Policy and Relations2.33yrsno datano data
J. Hill
Senior Vice President of Finance & Investor Relations and Head of Investor Relationsno datano datano data
Natsuko Takei
Senior General Manager of Legal & Compliance Department2.33yrsno datano data
Shoji Nemoto
Head of Disc Manufacturing Business14.75yrsno datano data
Kazuo Hirai
Senior Adviser3.5yrsJP¥2.07bno data
Keiichiro Shimada
SVP & Corporate Executive 12.33yrsno datano data
Shigeki Ishizuka
Vice Chairman & Representative Corporate Executive Officer13.75yrsJP¥90.00m0.0015%
¥ 1.2m

4.0yrs

Average Tenure

60.5yo

Average Age

Experienced Management: SON1's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kenichiro Yoshida
Chairman2.33yrsJP¥454.00m0.014%
¥ 11.9m
Hiroki Totoki
Executive Deputy President1.17yrsJP¥115.00m0.0025%
¥ 2.0m
Kazuo Hirai
Senior Adviser3.5yrsJP¥2.07bno data
Louis Gerstner
Member of Advisory Boardno datano datano data
Shuzo Sumi
Independent Outside Director0.17yrno data0.00033%
¥ 274.9k
Peter Liguori
Advisor to Board of Directors3.67yrsno datano data
Yoshihiko Hatanaka
Independent Outside Director1.17yrsno data0.000080%
¥ 66.6k
Tim Schaaff
Non-Executive Director7.17yrsno data0.00065%
¥ 541.5k
Wendy Becker
Independent Outside Director1.17yrsno data0.000080%
¥ 66.6k
Toshiko Oka
Independent Outside Director2.17yrsno data0.00016%
¥ 133.3k
Kazuo Matsunaga
Independent Vice Chairman of the Boardno datano data0.00041%
¥ 341.6k
Sakie Akiyama
Independent Outside Director1.17yrsno data0.000080%
¥ 66.6k

1.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: SON1's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sony Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sony Corporation
  • Ticker: SON1
  • Exchange: WBAG
  • Founded: 1946
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: JP¥10.413t
  • Listing Market Cap: JP¥83.309b
  • Shares outstanding: 1.22b
  • Website: https://www.sony.net

Number of Employees


Location

  • Sony Corporation
  • 1-7-1 Konan
  • Minato-ku
  • Tokyo
  • 108-0075
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNENYSE (New York Stock Exchange)ADR-EACH CNV INTO 1 ORD NPVUSUSDSep 1970
SONADB (Deutsche Boerse AG)ADR-EACH CNV INTO 1 ORD NPVDEEURSep 1970
SNE NBMV (Bolsa Mexicana de Valores)ADR-EACH CNV INTO 1 ORD NPVMXMXNSep 1970
0L83LSE (London Stock Exchange)ADR-EACH CNV INTO 1 ORD NPVGBUSDSep 1970
SNEJ.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1975
6758TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1975
SONCSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1975
SON1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975
SON1WBAG (Wiener Boerse AG)YesCommon StockATEURJan 1975
SNEBASE (Buenos Aires Stock Exchange)CEDEAR REPR 1/2 ADR(CNV TO 1 ORD NPV)ARARSJul 2007

Biography

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company distributes software tit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 21:09
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.