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SoftBank Group

WBAG:SFT
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SFT
WBAG
¥10,658B
Market Cap
  1. Home
  2. AT
  3. Telecom
Company description

SoftBank Group Corp. provides telecommunication services in Japan and internationally. The last earnings update was 9 days ago. More info.


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SFT Share Price and Events
7 Day Returns
-2.8%
WBAG:SFT
-8.4%
Europe Wireless Telecom
0.9%
AT Market
1 Year Returns
-
WBAG:SFT
-30.2%
Europe Wireless Telecom
-8.7%
AT Market
SFT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SoftBank Group (SFT) -2.8% -7.7% 0.9% - - -
Europe Wireless Telecom -8.4% -10.8% -8% -30.2% -35.8% -31.8%
AT Market 0.9% -5.1% 2% -8.7% 42.7% 26.2%
1 Year Return vs Industry and Market
  • No trading data on SFT.
  • No trading data on SFT.
Price Volatility
SFT
Industry
5yr Volatility vs Market
Related Companies

SFT Value

 Is SoftBank Group 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 SoftBank Group 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 SoftBank Group.

WBAG:SFT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

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 WBAG:SFT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.32
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.319 (1 + (1- 30.86%) (147.16%))
0.761
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)
= 0.51% + (0.8 * 5.96%)
5.28%

Discounted Cash Flow Calculation for WBAG:SFT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SoftBank Group 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.

WBAG:SFT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.28%)
2019 -578,266.50 Analyst x4 -549,275.73
2020 340,400.00 Analyst x2 307,124.38
2021 -1,615,450.00 Analyst x4 -1,384,460.73
2022 354,000.00 Analyst x1 288,172.65
2023 419,000.00 Analyst x1 323,985.74
2024 512,000.00 Analyst x1 376,048.80
2025 584,238.13 Est @ 14.11% 407,592.81
2026 642,833.16 Est @ 10.03% 425,987.90
2027 688,946.89 Est @ 7.17% 433,657.75
2028 724,596.17 Est @ 5.17% 433,231.25
Present value of next 10 years cash flows ¥1,062,064.82
WBAG:SFT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥724,596.17 × (1 + 0.51%) ÷ (5.28% – 0.51%)
¥15,274,572.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥15,274,572.38 ÷ (1 + 5.28%)10
¥9,132,565.63
WBAG:SFT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,062,064.82 + ¥9,132,565.63
¥10,194,630.44
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥10,194,630.44 / 1,034.79
¥9851.89
WBAG:SFT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:SFT represents 0.00823x of TSE:9984
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00823x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 9,851.89 x 0.00823
€81.09
Value per share (EUR) From above. €81.09
Current discount Discount to share price of €84.78
= -1 x (€84.78 - €81.09) / €81.09
-4.5%

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

  • The current share price of SoftBank Group 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 SoftBank Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SoftBank Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:SFT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥1,268.15
TSE:9984 Share Price ** TSE (2019-05-17) in JPY ¥10300
Europe Wireless Telecom Industry PE Ratio Median Figure of 6 Publicly-Listed Wireless Telecom Companies 12.6x
Austria Market PE Ratio Median Figure of 53 Publicly-Listed Companies 14.83x

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

** Primary Listing of SoftBank Group.

WBAG:SFT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9984 Share Price ÷ EPS (both in JPY)

= 10300 ÷ 1,268.15

8.12x

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

  • SoftBank Group is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • SoftBank Group is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does SoftBank Group's expected growth come at a high price?
Raw Data
WBAG:SFT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
-25.2%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.12x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

WBAG:SFT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.12x ÷ -25.2%

-0.32x

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

  • SoftBank Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SoftBank Group's assets?
Raw Data
WBAG:SFT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥7,232.15
TSE:9984 Share Price * TSE (2019-05-17) in JPY ¥10300
Europe Wireless Telecom Industry PB Ratio Median Figure of 10 Publicly-Listed Wireless Telecom Companies 1.81x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x
WBAG:SFT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9984 Share Price ÷ Book Value per Share (both in JPY)

= 10300 ÷ 7,232.15

1.42x

* Primary Listing of SoftBank Group.

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

  • SoftBank Group is good value based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess SoftBank Group'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. SoftBank Group has a total score of 3/6, 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.

SFT Future Performance

 How is SoftBank Group expected to perform in the next 1 to 3 years based on estimates from 15 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
-25.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SoftBank Group expected to grow at an attractive rate?
  • SoftBank Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • SoftBank Group's earnings are expected to decrease over the next 1-3 years, this is below the Austria market average.
  • SoftBank Group's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:SFT Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:SFT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts -25.2%
WBAG:SFT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 2.2%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 35.7%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 2%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.2%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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
WBAG:SFT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:SFT Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 10,720,000 1,945,000 696,000 1
2023-03-31 10,410,500 2,005,500 583,000 2
2022-03-31 10,382,413 2,528,137 626,461 7
2021-03-31 9,897,395 2,129,303 759,128 13
2020-03-31 9,754,156 2,311,831 1,243,106 15
WBAG:SFT Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 9,602,236 1,171,864 1,379,192
2018-12-31 9,515,943 1,116,036 1,531,119
2018-09-30 9,401,483 1,123,115 1,744,844
2018-06-30 9,245,489 1,167,088 1,318,288
2018-03-31 9,158,765 1,088,623 1,017,063
2017-12-31 9,130,812 1,254,987 1,567,819
2017-09-30 9,040,305 1,231,327 760,034
2017-06-30 8,960,542 1,443,948 682,932
2017-03-31 8,901,004 1,500,728 871,509
2016-12-31 8,924,809 1,502,856 349,326
2016-09-30 9,001,581 1,781,286 255,153
2016-06-30 9,141,012 1,022,187 454,888

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SoftBank Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SoftBank Group's revenue is expected to grow by 2.2% 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
WBAG:SFT 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 15 Analyst Estimates (S&P Global) See Below

All data from SoftBank Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:SFT Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 667.90 667.90 667.90 1.00
2023-03-31 561.45 580.80 542.10 2.00
2022-03-31 533.81 597.50 505.00 4.00
2021-03-31 671.41 1,137.00 420.00 12.00
2020-03-31 1,128.80 1,246.48 1,039.70 8.00
WBAG:SFT Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 1,268.15
2018-12-31 1,405.07
2018-09-30 1,601.44
2018-06-30 1,209.99
2018-03-31 933.54
2017-12-31 1,439.07
2017-09-30 697.71
2017-06-30 622.92
2017-03-31 786.39
2016-12-31 309.92
2016-09-30 222.18
2016-06-30 390.46

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

SFT Past Performance

  How has SoftBank Group 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 SoftBank Group'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.
  • SoftBank Group has delivered over 20% year on year earnings growth in the past 5 years.
  • SoftBank Group's 1-year earnings growth exceeds its 5-year average (35.6% vs 25.7%)
  • SoftBank Group's earnings growth has exceeded the Europe Wireless Telecom industry average in the past year (35.6% vs 9.1%).
Earnings and Revenue History
SoftBank Group'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 SoftBank Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:SFT Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 9,602,236.00 1,379,192.00 2,786,674.00
2018-12-31 9,515,943.00 1,531,119.00 2,716,996.00
2018-09-30 9,401,483.00 1,744,844.00 2,653,083.00
2018-06-30 9,245,489.00 1,318,288.00 2,591,288.00
2018-03-31 9,158,765.00 1,017,063.00 2,552,664.00
2017-12-31 9,130,812.00 1,567,819.00 2,509,963.00
2017-09-30 9,040,305.00 760,034.00 2,445,441.00
2017-06-30 8,960,542.00 682,932.00 2,358,771.00
2017-03-31 8,901,004.00 871,509.00 2,277,251.00
2016-12-31 8,924,809.00 349,326.00 2,255,828.00
2016-09-30 9,001,581.00 255,153.00 2,311,025.00
2016-06-30 9,141,012.00 454,888.00 2,397,966.00
2016-03-31 9,153,549.00 481,140.00 2,447,598.00
2015-12-31 9,049,260.00 524,855.00 2,427,536.00
2015-09-30 8,989,659.00 541,302.00 2,431,457.00
2015-06-30 8,817,063.00 811,137.00 2,383,442.00
2015-03-31 8,670,221.00 668,361.00 2,332,626.00
2014-12-31 8,536,115.00 612,135.00 2,261,791.00
2014-09-30 8,172,403.00 686,714.00 2,164,100.00
2014-06-30 7,777,798.00 360,232.00 2,097,672.00
2014-03-31 6,666,651.00 520,250.00 1,813,799.00
2013-12-31 5,335,914.00 586,333.00 1,399,757.00
2013-09-30 4,296,504.00 558,953.00 1,139,084.00
2013-06-30 3,357,661.00 511,278.00 834,304.00
2013-03-31 3,202,536.00 372,481.00 789,294.00
2012-12-31 3,232,569.00 344,165.00 909,551.00
2012-09-30 3,171,433.00 311,060.00 907,193.00
2012-06-30 3,164,143.00 324,542.00 972,113.00

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

SFT Health

 How is SoftBank Group'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 SoftBank Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SoftBank Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SoftBank Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SoftBank Group'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 not covered by short term assets, assets are 0.5x 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 SoftBank Group Company Filings, last reported 1 month ago.

WBAG:SFT Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,009,204.00 15,685,106.00 4,061,994.00
2018-12-31 9,286,389.00 17,053,784.00 5,304,367.00
2018-09-30 7,343,144.00 17,987,757.00 3,161,672.00
2018-06-30 6,821,174.00 17,348,958.00 2,728,279.00
2018-03-31 6,273,022.00 16,319,069.00 3,334,650.00
2017-12-31 6,568,877.00 15,804,953.00 3,340,352.00
2017-09-30 5,468,373.00 15,622,817.00 3,462,738.00
2017-06-30 4,654,749.00 14,900,399.00 1,287,970.00
2017-03-31 4,469,730.00 14,072,989.00 2,183,102.00
2016-12-31 3,981,711.00 14,915,765.00 2,498,745.00
2016-09-30 3,126,322.00 14,299,866.00 2,675,856.00
2016-06-30 3,271,996.00 12,372,015.00 3,231,299.00
2016-03-31 3,505,271.00 11,810,951.00 2,569,607.00
2015-12-31 3,855,507.00 12,305,469.00 2,769,911.00
2015-09-30 3,936,650.00 11,891,887.00 2,208,269.00
2015-06-30 3,900,659.00 11,535,914.00 2,385,278.00
2015-03-31 3,853,177.00 11,607,311.00 3,438,380.00
2014-12-31 3,826,718.00 10,870,783.00 2,448,707.00
2014-09-30 3,525,065.00 9,982,977.00 2,449,612.00
2014-06-30 2,864,798.00 9,386,534.00 2,088,110.00
2014-03-31 2,830,382.00 9,170,077.00 2,114,242.00
2013-12-31 2,883,373.00 9,220,097.00 2,046,636.00
2013-09-30 2,525,719.00 8,840,164.00 2,699,278.00
2013-06-30 2,281,679.00 4,617,694.00 2,423,009.00
2013-03-31 1,930,440.00 3,708,368.00 1,464,467.00
2012-12-31 1,673,408.00 2,642,902.00 1,065,592.00
2012-09-30 1,520,779.00 2,349,212.00 1,103,423.00
2012-06-30 1,423,286.00 2,194,008.00 763,782.00
  • SoftBank Group's level of debt (174.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (324% vs 174.1% today).
  • Debt is not well covered by operating cash flow (7.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SoftBank Group'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. SoftBank Group has a total score of 1/6, 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.

SFT Dividends

 What is SoftBank Group'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
0.43%
Current annual income from SoftBank Group dividends. Estimated to be 0.46% next year.
If you bought €2,000 of SoftBank Group shares you are expected to receive €9 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?
  • SoftBank Group's pays a lower dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • SoftBank Group's dividend is below the markets top 25% of dividend payers in Austria (4.5%).
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
WBAG:SFT 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 15 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.5%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

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

WBAG:SFT Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 44.00 1.00
2023-03-31 44.00 2.00
2022-03-31 55.00 4.00
2021-03-31 47.38 13.00
2020-03-31 46.75 16.00
WBAG:SFT Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-09 44.000 0.419
2019-02-13 44.000 0.405
2019-02-06 44.000 0.448
2018-11-09 44.000 0.528
2018-11-05 44.000 0.506
2018-08-06 44.000 0.440
2018-06-21 44.000 0.497
2018-05-09 44.000 0.536
2018-02-14 44.000 0.527
2018-02-07 44.000 0.500
2017-10-27 44.000 0.471
2017-06-21 44.000 0.483
2017-05-10 44.000 0.497
2017-02-10 44.000 0.532
2017-02-08 44.000 0.504
2016-11-11 44.000 0.569
2016-11-07 44.000 0.689
2016-07-28 44.000 0.677
2016-06-22 44.000 0.781
2016-05-10 44.000 0.737
2016-02-12 40.000 0.712
2016-02-10 40.000 0.915
2015-10-22 40.000 0.672
2015-07-22 40.000 0.606
2015-06-19 40.000 0.560
2015-05-11 40.000 0.547
2015-02-13 40.000 0.555
2015-02-10 40.000 0.564
2014-10-24 40.000 0.538
2014-07-24 40.000 0.537
2014-05-07 40.000 0.537
2014-02-13 40.000 0.518
2014-02-12 40.000 0.523
2013-10-31 40.000 0.486
2013-07-26 40.000 0.597
2013-04-30 40.000 0.721
2013-02-06 40.000 1.021
2013-01-31 40.000 1.173
2012-11-12 40.000 1.326
2012-10-31 40.000 1.483
2012-07-31 40.000 1.335
2012-06-22 40.000 1.367
2012-04-26 40.000 1.637
2011-06-24 5.000 0.201
2011-05-09 5.000 0.166
2011-02-03 5.000 0.155
2010-06-25 5.000 0.188
2010-04-27 5.000 0.222
2010-02-02 5.000 0.220
2009-10-29 5.000 0.228
2009-06-24 5.000 0.254

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

  • SoftBank Group is not paying a notable dividend for Austria, therefore no need to check if the payments are stable.
  • SoftBank Group is not paying a notable dividend for Austria, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of SoftBank Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of SoftBank Group's dividends as it is not paying a notable one for Austria.
Future Payout to shareholders
  • No need to calculate the sustainability of SoftBank Group's dividends in 3 years as they are not expected to pay a notable one for Austria.
X
Income/ dividend checks
We assess SoftBank Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 SoftBank Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SoftBank Group 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.

SFT Management

 What is the CEO of SoftBank Group'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
Masa Son
COMPENSATION ¥139,000,000
AGE 61
TENURE AS CEO 32.7 years
CEO Bio

Mr. Masayoshi Son, also known as Masa, founded SoftBank Group Corp. in September 1981 and has been its Chairman since September 1981 and Chief Executive Officer since September 1986. Mr. Son serves as the Chief Executive Officer and President at SoftBank Capital. He has been the President and Chief Executive Officer of Mediabank Corporation since 1994 and GeoCities Japan Corporation since 1997. Mr. Son has vast experience in the telecommunications industry, including his successes in Japan disrupting telecom duopolies. He served as Chairman of the Board, President and CEO, Vodafone K.K. since April 2006. He served as the Chairman and Chief Executive Officer of Softbank BB Corp. He served as the Chief Executive Officer of Softbank Telecom Corp. since February 2007 and served as its Chairman. He served as President and Chief Executive Officer of Japan Sky Broadcasting Co. Ltd. from 1996 to 1998 and Softbank Networks Corporation from 1997 to 1998. He served as the President at SoftBank Mobile Corp. since April 2006. He served as the President of Softbank Telecom Corp., since February 2007. He served as the President of SoftBank Group Corp. since September 1981. He served as Managing Director at SAIF Partners III, L.P., SOFTBANK Asia Infrastructure Fund II, L.P., SOFTBANK Asia Infrastructure Fund and SAIF Partners. He was Founder, Chief Executive Officer and Chairman of SB China Venture Capital. He has been the Chairman and Executive Director of ARM Holdings plc since September 5, 2016. He served as Chairman of Sprint Corporation since July 2013 until May 2018. He served as the Chairman of the Board at Yahoo Japan Corporation since 1996 until June 18, 2015. He served as President & CEO of Yahoo Japan Corporation since January 1996. He served as Director of Alibaba.com Corporation since October 2005. He serves as Chairman and Director at Arm Limited since March 2018. Mr. Son serves as director of several other SoftBank subsidiaries and affiliates. He serves as the Chairman of Softbank Holdings Inc., and Softbank America Inc. He has been a Director of Yahoo Japan Corporation since January 1996. He has been a Director of Sprint Corporation since 2013. He has been the Chairman of the Board at SoftBank Mobile Corp. since June 2007. He serves as a Member of Advisory Committee at Business Breakthrough, Inc. He served as the Chairman of the Board of Brightstar Corp. until August 2014. He served as the Chairman of UTStarcom Inc. (now UTStarcom Holdings Corp.) from October 1995 to March 2003. He has been a Director of Alibaba Group Holding Ltd. since 2000. He serves as a Director of Pasonabank Inc. and E-Trade Group, Inc. and as a Representative Director of Cisco Systems Inc. Mr. Son has also served as Honorary Chairman of the Broadband Association in Japan. He serves as Director of Alibaba.com Japan, BB Technologies Corporation and WeddingChannel.com, Inc. Mr. Son served as an Executive of ZDNet, Inc. He serves as a Member of Advisory Board at The Raine Group LLC. He served as a Director at Softbank Telecom Corp., since February 2007. He served as a Director at UTStarcom from October 1995 to September 15, 2004. He served as a Director of Renren Inc., since April 30, 2008. He served as a Director of Xiaonei.com and Renren.com. Mr. Son serves in various capacities within SoftBank’s portfolio of companies, including SoftBank Corp. (Japanese Telecommunication Operator) as its Chairman since 2015 and served as its Chairman and Chief Executive Officer from 2006 to 2015. He served as a Director of Ariba Inc. He served as a Director of Aozora Bank, Ltd. From April 1998 to October 1999, he served as a Director of Ziff-Davis Inc. Mr. Son studied BA in Economics from University of California at Berkeley.

CEO Compensation
  • Masa's compensation has been consistent with company performance over the past year.
  • Insufficient data for Masa to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the SoftBank Group management team in years:

1.1
Average Tenure
55
Average Age
  • The average tenure for the SoftBank Group management team is less than 2 years, this suggests a new team.
Management Team

Masa Son

TITLE
Founder
COMPENSATION
¥139M
AGE
61
TENURE
32.7 yrs

Nikesh Arora

TITLE
COMPENSATION
¥10B
AGE
50
TENURE
2.8 yrs

Yoshimitsu Goto

TITLE
Sr. Executive Corporate Officer
AGE
55

Raul Claure

TITLE
Executive VP
AGE
48
TENURE
1 yrs

Kazuko Kimiwada

TITLE
Executive Corporate Officer & Head of Accounting Unit

Robert Townsend

TITLE
Senior VP
AGE
62
TENURE
0.7 yrs

Andrew Kovacs

TITLE
Public Relations Chief
TENURE
1.3 yrs

Michelle Horn

TITLE
Chief People Officer & Senior VP
TENURE
0.3 yrs

Rajeev Misra

TITLE
Executive VP & Director
AGE
56
TENURE
0.9 yrs

Deep Nishar

TITLE
Managing Director
AGE
49
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the SoftBank Group board of directors in years:

1.9
Average Tenure
58.5
Average Age
  • The average tenure for the SoftBank Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ronald Fisher

TITLE
Vice Chairman
COMPENSATION
¥2B
AGE
71
TENURE
1.9 yrs

Masa Son

TITLE
Founder
COMPENSATION
¥139M
AGE
61
TENURE
37.7 yrs

Raul Claure

TITLE
Executive VP
AGE
48
TENURE
1.9 yrs

Rajeev Misra

TITLE
Executive VP & Director
AGE
56
TENURE
1.9 yrs

Katsunori Sago

TITLE
Chief Strategy Officer
AGE
51
TENURE
0.9 yrs

Ken Miyauchi

TITLE
Director
COMPENSATION
¥617M
AGE
69
TENURE
3.9 yrs

Mark Schwartz

TITLE
External Director
AGE
64
TENURE
1.9 yrs

Tadashi Yanai

TITLE
External Director
AGE
69
TENURE
17.9 yrs

Simon Segars

TITLE
Director
AGE
51
TENURE
1.9 yrs

Yasir Al-Rumayyan

TITLE
External Director
AGE
48
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess SoftBank Group'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. SoftBank Group 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.

SFT News

Simply Wall St News

SFT Company Info

Description

SoftBank Group Corp. provides telecommunication services in Japan and internationally. The company operates in six segments: SoftBank, Sprint, Yahoo Japan, Arm, SoftBank Vision Fund and Delta Fund, and Brightstar. The SoftBank segment offers mobile communications, broadband, and fixed-line communications services; and sells PC software, peripherals, and mobile device accessories. The Sprint segment provides mobile communications and fixed-line telecommunications services; sells and leases mobile devices; and sells accessories. The Yahoo Japan segment is involved in Internet advertising, e-commerce, and membership service activities. The Arm segment designs microprocessor intellectual property and related technology; sells software tools; and offers software services. The SoftBank Vision Fund and Delta Fund segment is involved in investment activities. The Brightstar segment distributes mobile devices. The company also owns professional baseball team, as well as manages and maintains baseball stadium and other sports facilities; generates, supplies, and sells electricity from renewable energy sources; operates IT information site; and operates software site, through which it conducts an online game business for mobile phones and PCs. In addition, it provides investment management and payment services; visual, audio, and data content distribution services; and solutions and services for online businesses. The company was formerly known as SoftBank Corp. and changed its name to SoftBank Group Corp. in July 2015. SoftBank Group Corp. was founded in 1981 and is headquartered in Tokyo, Japan.

Details
Name: SoftBank Group Corp.
SFT
Exchange: WBAG
Founded: 1981
¥86,864,349,999
1,034,789,641
Website: http://group.softbank
Address: SoftBank Group Corp.
1-9-1 Higashi-shimbashi,
Minato-ku,
Tokyo,
105-7303,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9984 Common Stock The Tokyo Stock Exchange JP JPY 25. Jul 1994
OTCPK SFTB.F Common Stock Pink Sheets LLC US USD 25. Jul 1994
DB SFT Common Stock Deutsche Boerse AG DE EUR 25. Jul 1994
WBAG SFT Common Stock Wiener Boerse AG AT EUR 25. Jul 1994
BMV SOFT N Common Stock Bolsa Mexicana de Valores MX MXN 25. Jul 1994
OTCPK SFTB.Y UNSPONSORED ADR Pink Sheets LLC US USD 13. Oct 2008
DB SFTU UNSPONSORED ADR Deutsche Boerse AG DE EUR 13. Oct 2008
LSE 0L7L UNSPONSORED ADR London Stock Exchange GB USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
74,952
SoftBank Group employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 23:25
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.