Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Outside Non-Executive Director Tomomi Nakamura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Declared Dividend • May 20
Dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 29th September 2026 Payment date: 15th December 2026 Dividend yield will be 264%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 14
CyberAgent, Inc. to Report Q3, 2026 Results on Aug 07, 2026 CyberAgent, Inc. announced that they will report Q3, 2026 results at 3:30 PM, Tokyo Standard Time on Aug 07, 2026 Announcement • Feb 26
CyberAgent, Inc. (TSE:4751) agreed to acquire 51.60% stake in Fishing Vision Co., Ltd. from Broadmedia Corporation (TSE:4347). CyberAgent, Inc. (TSE:4751) agreed to acquire 51.60% stake in Fishing Vision Co., Ltd. from Broadmedia Corporation (TSE:4347) on February 25, 2026.
For the period ending March 31, 2025, Fishing Vision Co., Ltd. reported total revenue of ¥2.33 billion, EBIT of ¥106 million and net income of ¥70 million. As of March 31, 2025, Fishing Vision Co., Ltd. reported total assets of ¥2.67 billion and total common equity of ¥2.38 billion.
The expected completion of the transaction is March 31, 2026. Announcement • Feb 09
CyberAgent, Inc. to Report Q2, 2026 Results on May 13, 2026 CyberAgent, Inc. announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on May 13, 2026 Announcement • Nov 18
CyberAgent, Inc. to Report Q1, 2026 Results on Feb 06, 2026 CyberAgent, Inc. announced that they will report Q1, 2026 results on Feb 06, 2026 Announcement • Nov 14
CyberAgent, Inc., Annual General Meeting, Dec 12, 2025 CyberAgent, Inc., Annual General Meeting, Dec 12, 2025. Declared Dividend • Aug 18
Dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 29th September 2025 Payment date: 16th December 2025 Dividend yield will be 174%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 29
CyberAgent, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2025 CyberAgent, Inc. provided consolidated earnings guidance for the fiscal year ending September 30, 2025. For the year, the company expects net sales of JPY 820,000 million, operating income of JPY 42,000 million, net income attributable to owners of the parent of JPY 21,000 million and basic earnings per share of JPY 41.46. Announcement • Nov 21
CyberAgent, Inc. to Report Q4, 2025 Results on Oct 29, 2025 CyberAgent, Inc. announced that they will report Q4, 2025 results at 3:30 PM, Tokyo Standard Time on Oct 29, 2025 Reported Earnings • Nov 01
Full year 2024 earnings released: EPS: JP¥32.09 (vs JP¥10.54 in FY 2023) Full year 2024 results: EPS: JP¥32.09 (up from JP¥10.54 in FY 2023). Revenue: JP¥803.0b (up 12% from FY 2023). Net income: JP¥16.2b (up 205% from FY 2023). Profit margin: 2.0% (up from 0.7% in FY 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%). Buy Or Sell Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.5% to €5.80. The fair value is estimated to be €7.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €5.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Media industry in Germany. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.28 per share. New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (130% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Aug 01
Third quarter 2024 earnings released: EPS: JP¥11.77 (vs JP¥1.39 in 3Q 2023) Third quarter 2024 results: EPS: JP¥11.77 (up from JP¥1.39 in 3Q 2023). Revenue: JP¥190.4b (up 11% from 3Q 2023). Net income: JP¥5.96b (up JP¥5.26b from 3Q 2023). Profit margin: 3.1% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Jul 31
CyberAgent, Inc. to Report Q4, 2024 Results on Oct 30, 2024 CyberAgent, Inc. announced that they will report Q4, 2024 results at 3:00 PM, Tokyo Standard Time on Oct 30, 2024 New Risk • Jun 11
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 130% Dividend yield: 1.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (130% cash payout ratio). Large one-off items impacting financial results. Declared Dividend • Apr 26
Dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 259%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (130% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
Second quarter 2024 earnings released: EPS: JP¥20.42 (vs JP¥15.61 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.42 (up from JP¥15.61 in 2Q 2023). Revenue: JP¥215.1b (up 10.0% from 2Q 2023). Net income: JP¥10.3b (up 31% from 2Q 2023). Profit margin: 4.8% (up from 4.0% in 2Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 28
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €6.15. The fair value is estimated to be €7.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 32%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Announcement • Feb 21
Reazon Holdings, Inc. acquired an unknown stake in Zelvia Co., Ltd. from CyberAgent, Inc. (TSE:4751) Reazon Holdings, Inc. agreed to acquire an unknown stake in Zelvia Co., Ltd. from CyberAgent, Inc. (TSE:4751) on February 20, 2024.Reazon Holdings, Inc. completed the acquisition of an unknown stake in Zelvia Co., Ltd. from CyberAgent, Inc. (TSE:4751) on February 20, 2024. Buy Or Sell Opportunity • Feb 09
Now 21% undervalued Over the last 90 days, the stock has risen 27% to €6.30. The fair value is estimated to be €7.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 32%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Reported Earnings • Feb 02
First quarter 2024 earnings released: JP¥0.93 loss per share (vs JP¥9.89 loss in 1Q 2023) First quarter 2024 results: JP¥0.93 loss per share (improved from JP¥9.89 loss in 1Q 2023). Revenue: JP¥193.1b (up 15% from 1Q 2023). Net loss: JP¥472.0m (loss narrowed 91% from 1Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 02
Full year 2023 earnings released: EPS: JP¥10.54 (vs JP¥47.90 in FY 2022) Full year 2023 results: EPS: JP¥10.54 (down from JP¥47.90 in FY 2022). Revenue: JP¥720.2b (up 1.4% from FY 2022). Net income: JP¥5.33b (down 78% from FY 2022). Profit margin: 0.7% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Oct 10
CyberAgent, Inc., Annual General Meeting, Dec 08, 2023 CyberAgent, Inc., Annual General Meeting, Dec 08, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is on the higher end at 99% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%). Announcement • Sep 02
CyberAgent, Inc. to Report Fiscal Year 2023 Results on Nov 01, 2023 CyberAgent, Inc. announced that they will report fiscal year 2023 results on Nov 01, 2023 Buying Opportunity • Aug 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €7.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 32% per annum over the same time period. Reported Earnings • Jul 27
Third quarter 2023 earnings released: EPS: JP¥1.39 (vs JP¥7.01 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.39 (down from JP¥7.01 in 3Q 2022). Revenue: JP¥171.7b (flat on 3Q 2022). Net income: JP¥704.0m (down 80% from 3Q 2022). Profit margin: 0.4% (down from 2.1% in 3Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. New Risk • Jul 20
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.4% net profit margin). Buying Opportunity • Jul 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €8.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Buying Opportunity • May 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €8.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Reported Earnings • Apr 28
Second quarter 2023 earnings released: EPS: JP¥15.61 (vs JP¥21.88 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.61 (down from JP¥21.88 in 2Q 2022). Revenue: JP¥195.7b (up 2.4% from 2Q 2022). Net income: JP¥7.90b (down 29% from 2Q 2022). Profit margin: 4.0% (down from 5.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 31
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €10.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Announcement • Jan 27
Tiphereth Co., Ltd. agreed to acquire CyberAgent's SATORI Phone Fortune Telling Business from CyberAgent, Inc. (TSE:4751) for ¥40 million. Tiphereth Co., Ltd. agreed to acquire CyberAgent's SATORI Phone Fortune Telling Business from CyberAgent, Inc. (TSE:4751) for ¥40 million on January 26, 2023. Reported Earnings • Jan 26
First quarter 2023 earnings released: JP¥9.89 loss per share (vs JP¥12.05 profit in 1Q 2022) First quarter 2023 results: JP¥9.89 loss per share (down from JP¥12.05 profit in 1Q 2022). Revenue: JP¥167.6b (down 2.1% from 1Q 2022). Net loss: JP¥5.00b (down 182% from profit in 1Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Audit & Supervisory Committee Member and Independent Director Tomomi Nakamura was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Full year 2022 earnings released: EPS: JP¥47.90 (vs JP¥82.30 in FY 2021) Full year 2022 results: EPS: JP¥47.90 (down from JP¥82.30 in FY 2021). Revenue: JP¥710.6b (up 6.6% from FY 2021). Net income: JP¥24.2b (down 42% from FY 2021). Profit margin: 3.4% (down from 6.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 13 December 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (9.4%). Reported Earnings • Jul 28
Third quarter 2022 earnings released: EPS: JP¥7.01 (vs JP¥38.32 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.01 (down from JP¥38.32 in 3Q 2021). Revenue: JP¥172.2b (down 10% from 3Q 2021). Net income: JP¥3.55b (down 82% from 3Q 2021). Profit margin: 2.1% (down from 10% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 3.8%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Second quarter 2022 earnings released: EPS: JP¥21.88 (vs JP¥21.33 in 2Q 2021) Second quarter 2022 results: EPS: JP¥21.88 (up from JP¥21.33 in 2Q 2021). Revenue: JP¥191.1b (up 17% from 2Q 2021). Net income: JP¥11.1b (up 2.8% from 2Q 2021). Profit margin: 5.8% (down from 6.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 7.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Tomomi Nakamura was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €10.70, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Media industry in Germany. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.07 per share. Reported Earnings • Jan 28
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: JP¥12.05 (up from JP¥5.81 in 1Q 2021). Revenue: JP¥171.1b (up 31% from 1Q 2021). Net income: JP¥6.09b (up 108% from 1Q 2021). Profit margin: 3.6% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 2.9%, compared to a 7.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 26
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥17.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 99% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 16% share price gain to €17.50, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Media industry in Germany. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.88 per share. Reported Earnings • Oct 28
Full year 2021 earnings released: EPS JP¥82.30 (vs JP¥13.10 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥666.5b (up 39% from FY 2020). Net income: JP¥41.6b (up JP¥34.9b from FY 2020). Profit margin: 6.2% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 14 December 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%). Reported Earnings • Jul 29
Third quarter 2021 earnings released: EPS JP¥38.32 (vs JP¥2.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥192.2b (up 70% from 3Q 2020). Net income: JP¥19.4b (up JP¥18.2b from 3Q 2020). Profit margin: 10% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kozo Takaoka was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 11
SCSK Corporation (TSE:9719) entered into a basic agreement to acquire an unknown stake in MicroAd, Inc. from CyberAgent, Inc. (TSE:4751). SCSK Corporation (TSE:9719) entered into a basic agreement to acquire an unknown stake in MicroAd, Inc. from CyberAgent, Inc. (TSE:4751) on March 29, 2021. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥16.80, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 22x in the Media industry in Germany. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.33 per share. Reported Earnings • Apr 30
Second quarter 2021 earnings released: EPS JP¥21.33 (vs JP¥6.55 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥163.5b (up 27% from 2Q 2020). Net income: JP¥10.8b (up 226% from 2Q 2020). Profit margin: 6.6% (up from 2.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 03
CyberAgent, Inc. to Report Q2, 2021 Results on Apr 28, 2021 CyberAgent, Inc. announced that they will report Q2, 2021 results on Apr 28, 2021 Is New 90 Day High Low • Feb 27
New 90-day low: €49.40 The company is down 11% from its price of €55.50 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.76 per share. Reported Earnings • Jan 28
First quarter 2021 earnings released: EPS JP¥23.22 (vs JP¥11.56 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥131.0b (up 13% from 1Q 2020). Net income: JP¥2.93b (up 101% from 1Q 2020). Profit margin: 2.2% (up from 1.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue beats expectations Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 7.4%, compared to a 3.0% growth forecast for the Media industry in Germany. Is New 90 Day High Low • Jan 21
New 90-day high: €60.00 The company is up 13% from its price of €53.00 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.61 per share. Announcement • Jan 08
CyberAgent, Inc. to Report Q1, 2021 Results on Jan 27, 2021 CyberAgent, Inc. announced that they will report Q1, 2021 results at 3:00 PM, Tokyo Standard Time on Jan 27, 2021 Is New 90 Day High Low • Jan 04
New 90-day high: €58.50 The company is up 17% from its price of €49.80 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.97 per share. Is New 90 Day High Low • Nov 30
New 90-day high: €57.00 The company is up 27% from its price of €44.80 on 01 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.95 per share. Reported Earnings • Oct 29
Full year earnings released - EPS €52.42 Over the last 12 months the company has reported total profits of JP¥6.61b, up 289% from the prior year. Total revenue was JP¥478.6b over the last 12 months, up 5.5% from the prior year. Profit margins were 1.4%, which is higher than the 0.4% margin from last year. The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Oct 29
Annual earnings released: Revenue beats expectations Annual revenue exceeded analyst estimates by 1.0% at JP¥478.6b. Revenue is forecast to grow 5.8% over the next year, while the growth in Media industry in Germany is expected to stay flat. Is New 90 Day High Low • Oct 10
New 90-day high: €52.50 The company is up 6.0% from its price of €49.40 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.31 per share. Announcement • Sep 06
CyberAgent, Inc. to Report Fiscal Year 2020 Results on Oct 28, 2020 CyberAgent, Inc. announced that they will report fiscal year 2020 results on Oct 28, 2020