DB:352

Stock Analysis Report

Silicon Studio

Executive Summary

Silicon Studio Corporation develops console games, game apps, and social games in Japan and internationally.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 352's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.9%

352

-5.3%

DE Entertainment

-0.6%

DE Market


1 Year Return

-62.6%

352

-14.8%

DE Entertainment

-20.9%

DE Market

Return vs Industry: 352 underperformed the German Entertainment industry which returned -14.8% over the past year.

Return vs Market: 352 underperformed the German Market which returned -20.9% over the past year.


Shareholder returns

352IndustryMarket
7 Day-3.9%-5.3%-0.6%
30 Day-12.2%-20.7%-18.6%
90 Day-38.6%-31.2%-26.2%
1 Year-62.6%-62.6%-13.7%-14.8%-18.6%-20.9%
3 Year-70.7%-70.8%-7.3%-11.7%-19.0%-25.8%
5 Year-88.4%-88.5%27.3%17.6%-21.2%-31.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 352 (€8.6) is trading below our estimate of fair value (€37.7)

Significantly Below Fair Value: 352 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 352 is good value based on its PE Ratio (18.6x) compared to the Entertainment industry average (27.2x).

PE vs Market: 352 is poor value based on its PE Ratio (18.6x) compared to the German market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 352's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 352 is overvalued based on its PB Ratio (2x) compared to the DE Entertainment industry average (1.1x).


Next Steps

Future Growth

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

29.7%

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 Silicon Studio 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 Silicon Studio performed over the past 5 years?

-27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 352 has high quality earnings.

Growing Profit Margin: 352 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 352 has become profitable over the past 5 years, growing earnings by -27.3% per year.

Accelerating Growth: 352 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 352 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (-50.4%).


Return on Equity

High ROE: 352's Return on Equity (10.4%) is considered low.


Next Steps

Financial Health

How is Silicon Studio's financial position?


Financial Position Analysis

Short Term Liabilities: 352's short term assets (¥1.8B) exceed its short term liabilities (¥811.0M).

Long Term Liabilities: 352's short term assets (¥1.8B) exceed its long term liabilities (¥77.0M).


Debt to Equity History and Analysis

Debt Level: 352's debt to equity ratio (17.2%) is considered satisfactory.

Reducing Debt: 352's debt to equity ratio has reduced from 84.7% to 17.2% over the past 5 years.


Balance Sheet

Inventory Level: 352 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 352's debt is covered by short term assets (assets are 6.9x 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: 352 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: 352 is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 352's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 352's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 352's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 352's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 352 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 352'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?

7.5yrs

Average management tenure


CEO

Shinichiro Kajitani (59yo)

1.5s

Tenure

Mr. Shinichiro Kajitani has been the CEO and President at Silicon Studio Corporation. since October 2018. 


Leadership Team

NamePositionTenureCompensationOwnership
Shinichiro Kajitani
CEO & President1.5yrsno datano data
Masumi Nagaya
Head of Technology Division7.5yrsno data1.1% ¥279.6k
Masato Imai
Managing Director and General Manager of Administration Division7.92yrsno datano data
Fumiko Kuragaki
Head of Sales Division and Executive Director7.5yrsno data1.1% ¥279.6k
Yuki Hoshino
Development Division General Manager and Executive Director6.42yrsno data0.90% ¥227.2k
Keisuke Kirii
Head of Applied Engineeringno datano datano data
Hiroshi Matsubara
Executive Officerno datano datano data
Hiroyuki Otani
Executive Officerno datano datano data
Makoto Matsumura
no datano datano data

7.5yrs

Average Tenure

49yo

Average Age

Experienced Management: 352's management team is seasoned and experienced (7.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fumiko Kuragaki
Head of Sales Division and Executive Director7.5yrsno data1.1% ¥279.6k
Yuki Hoshino
Development Division General Manager and Executive Director6.42yrsno data0.90% ¥227.2k
Shintaro Ishiwatari
6.67yrsno datano data
Teruyasu Sekimoto
Chairman of the Board7yrsno data8.39% ¥2.1m
Yoshiro Ozeki
Corporate Auditor6.67yrsno datano data
Gen Narui
7yrsno datano data
Takahito Yamada
Director4.08yrsno datano data
Yasuharu Takenaka
Director3.08yrsno datano data
Kazuyuki Hashimoto
External Director0.25yrno datano data

6.7yrs

Average Tenure

68.5yo

Average Age

Experienced Board: 352's board of directors are considered experienced (6.7 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 been diluted in the past year, with total shares outstanding growing by 6.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Silicon Studio Corporation
  • Ticker: 352
  • Exchange: DB
  • Founded: 1999
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: JP¥2.963b
  • Listing Market Cap: JP¥25.312m
  • Shares outstanding: 2.90m
  • Website: https://www.siliconstudio.co.jp

Number of Employees


Location

  • Silicon Studio Corporation
  • 1-21-3 Ebisu
  • Shibuya-ku
  • Tokyo
  • 150-0013
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3907TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYFeb 2015
352DB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2015

Biography

Silicon Studio Corporation develops console games, game apps, and social games in Japan and internationally. It also provides online solutions for game development. The company offers YEBIS, an advanced optical effects middleware; Mizuchi, the real-time rendering engine used in gaming and virtual reality (VR), video and animation, product and architectural visualization, etc.; Motion Portrait, a CG technology to create facial animation from a digital photo or illustration; and Enlighten, a lighting technology that delivers real-time global illumination over mobile, desktop, and VR platforms. In addition, it provides human resource services, such as development, consulting, outsourcing, and staffing, including temporary, temporary-to-permanent, and full-time placement services. The company was founded in 1999 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 05:31
End of Day Share Price2020/04/03 00:00
Earnings2019/11/30
Annual Earnings2019/11/30


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.