DB:0KY

Stock Analysis Report

Executive Summary

KAYAC Inc. develops social network games in Japan.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 0KY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.9%

0KY

2.8%

DE Entertainment

-2.7%

DE Market


1 Year Return

-47.5%

0KY

-12.3%

DE Entertainment

-20.4%

DE Market

Return vs Industry: 0KY underperformed the German Entertainment industry which returned -12.3% over the past year.

Return vs Market: 0KY underperformed the German Market which returned -20.4% over the past year.


Shareholder returns

0KYIndustryMarket
7 Day1.9%2.8%-2.7%
30 Day-27.7%-16.9%-18.4%
90 Day-35.1%-29.4%-26.7%
1 Year-47.3%-47.5%-11.2%-12.3%-18.1%-20.4%
3 Year-65.6%-66.0%-5.8%-10.0%-19.1%-25.9%
5 Year-67.3%-67.6%34.1%23.9%-19.5%-30.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.89x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 0KY (€3.14) is trading above our estimate of fair value (€0.11)

Significantly Below Fair Value: 0KY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0KY is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.

PE vs Market: 0KY is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 0KY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 0KY is overvalued based on its PB Ratio (2.9x) compared to the DE Entertainment industry average (1x).


Next Steps

Future Growth

How is KAYAC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

29.5%

Forecasted Media industry annual growth in earnings


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 KAYAC 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has KAYAC performed over the past 5 years?

-73.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0KY is currently unprofitable.

Growing Profit Margin: 0KY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 0KY is unprofitable, and losses have increased over the past 5 years at a rate of -73.5% per year.

Accelerating Growth: Unable to compare 0KY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 0KY is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (-50.4%).


Return on Equity

High ROE: 0KY has a negative Return on Equity (-15.78%), as it is currently unprofitable.


Next Steps

Financial Health

How is KAYAC's financial position?


Financial Position Analysis

Short Term Liabilities: 0KY's short term assets (¥3.1B) exceed its short term liabilities (¥1.7B).

Long Term Liabilities: 0KY's short term assets (¥3.1B) exceed its long term liabilities (¥1.9B).


Debt to Equity History and Analysis

Debt Level: 0KY's debt to equity ratio (127.1%) is considered high.

Reducing Debt: Insufficient data to determine if 0KY's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: 0KY has a high level of physical assets or inventory.

Debt Coverage by Assets: 0KY's debt is covered by short term assets (assets are 1.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 0KY has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: 0KY has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is KAYAC's current dividend yield, its reliability and sustainability?

0.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 0KY's dividend (0.52%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.65%).

High Dividend: 0KY's dividend (0.52%) is low compared to the top 25% of dividend payers in the German market (4.86%).


Stability and Growth of Payments

Stable Dividend: 0KY is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: 0KY is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 0KY is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0KY's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

4.9yrs

Average board tenure


CEO

Daisuke Yanasawa (45yo)

no data

Tenure

Mr. Daisuke Yanasawa serves as the Chief Executive Officer at Kayac Inc. and has been its Representative Director since January 2005. 


Board Members

NamePositionTenureCompensationOwnership
Daisuke Yanasawa
CEO & Representative Directorno datano data26.14% ¥13.1m
Masanori Kaihata
CTO & Representative Director15.25yrsno data22.54% ¥11.3m
Koji Fujikawa
GM of Business Administration6.58yrsno datano data
Tomoyoshi Kuba
CBO & Representative Director15.25yrsno data22.54% ¥11.3m
Tetsuji Morikawa
Outside Director3.08yrsno datano data
Yuri Abe
Full-Time Auditorno datano datano data
Yohei Sadoshima
Outside Director3.08yrsno datano data
Takao Nakamura
Outside Auditor3.25yrsno datano data
Toru Kitagawa
Outside Auditor3.25yrsno datano data

4.9yrs

Average Tenure

45yo

Average Age

Experienced Board: 0KY's board of directors are considered experienced (4.9 years average tenure).


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

KAYAC Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KAYAC Inc.
  • Ticker: 0KY
  • Exchange: DB
  • Founded: 1998
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: JP¥5.887b
  • Listing Market Cap: JP¥50.233m
  • Shares outstanding: 15.17m
  • Website: https://www.kayac.com

Number of Employees


Location

  • KAYAC Inc.
  • Former Bank Building
  • 11-8 Onaricho
  • Kamakura
  • Kanagawa
  • 248-0012
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3904TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYDec 2014
0KYDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2014

Biography

KAYAC Inc. develops social network games in Japan. It also operates a game community under the name Lobi; and Pla-cole, a matching service for couples and wedding planners, as well as provides esports event planning and management, distribution, and production services under the Well Played name. In addition, the company offers home funeral services. KAYAC Inc. was founded in 1998 and is headquartered in Kamakura, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 00:13
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.