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Capcom

DB:CPK
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CPK
DB
¥264B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Capcom Co., Ltd. plans, develops, manufactures, sells, and distributes home video games, online games, mobile games, and arcade games in Japan and internationally. The last earnings update was 74 days ago. More info.


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CPK Share Price and Events
7 Day Returns
-3.3%
DB:CPK
0.9%
DE Entertainment
2.4%
DE Market
1 Year Returns
13.2%
DB:CPK
11.6%
DE Entertainment
-6.2%
DE Market
CPK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capcom (CPK) -3.3% -1% 6.1% 13.2% 77.3% 206%
DE Entertainment 0.9% 7.3% 13.9% 11.6% 33.9% 72.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • CPK outperformed the Entertainment industry which returned 11.6% over the past year.
  • CPK outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
CPK
Industry
5yr Volatility vs Market

CPK Value

 Is Capcom 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 Capcom 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 Capcom.

DB:CPK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:CPK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 30.86%) (3.37%))
0.988
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.988 * 5.96%)
6.11%

Discounted Cash Flow Calculation for DB:CPK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Capcom 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.

DB:CPK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.11%)
2019 11,500.00 Analyst x2 10,837.39
2020 15,908.83 Analyst x6 14,128.38
2021 15,786.40 Analyst x5 13,211.86
2022 16,583.50 Analyst x2 13,079.29
2023 15,761.00 Analyst x1 11,714.36
2024 15,210.30 Est @ -3.49% 10,653.68
2025 14,848.68 Est @ -2.38% 9,801.14
2026 14,611.72 Est @ -1.6% 9,089.03
2027 14,458.50 Est @ -1.05% 8,475.51
2028 14,362.25 Est @ -0.67% 7,934.00
Present value of next 10 years cash flows ¥108,924.65
DB:CPK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥14,362.25 × (1 + 0.23%) ÷ (6.11% – 0.23%)
¥244,559.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥244,559.95 ÷ (1 + 6.11%)10
¥135,099.95
DB:CPK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥108,924.65 + ¥135,099.95
¥244,024.60
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥244,024.60 / 106.75
¥2285.92
DB:CPK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CPK represents 0.00767x of TSE:9697
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00767x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,285.92 x 0.00767
€17.53
Value per share (EUR) From above. €17.53
Current discount Discount to share price of €18.95
= -1 x (€18.95 - €17.53) / €17.53
-8.1%

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

  • The current share price of Capcom 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 Capcom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capcom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CPK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥143.32
TSE:9697 Share Price ** TSE (2019-04-18) in JPY ¥2470
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 17.11x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Capcom.

DB:CPK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9697 Share Price ÷ EPS (both in JPY)

= 2470 ÷ 143.32

17.23x

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

  • Capcom is overvalued based on earnings compared to the DE Entertainment industry average.
  • Capcom is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Capcom's expected growth come at a high price?
Raw Data
DB:CPK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
9.3%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.73x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:CPK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.23x ÷ 9.3%

1.85x

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

  • Capcom is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Capcom's assets?
Raw Data
DB:CPK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥800.14
TSE:9697 Share Price * TSE (2019-04-18) in JPY ¥2470
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:CPK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9697 Share Price ÷ Book Value per Share (both in JPY)

= 2470 ÷ 800.14

3.09x

* Primary Listing of Capcom.

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

  • Capcom is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Capcom'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 Entertainment 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 Entertainment industry average (and greater than 0)? (1 check)
  5. Capcom has a total score of 1/6, 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.

CPK Future Performance

 How is Capcom expected to perform in the next 1 to 3 years based on estimates from 9 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
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capcom expected to grow at an attractive rate?
  • Capcom's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Capcom's earnings growth is positive but not above the Germany market average.
  • Capcom's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CPK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CPK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 9.3%
DB:CPK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.6%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:CPK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CPK Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 117,200 22,761 18,000 1
2022-03-31 113,033 22,234 19,767 3
2021-03-31 104,881 21,039 16,175 9
2020-03-31 98,951 20,379 14,852 9
2019-03-31 99,053 17,745 13,388 9
DB:CPK Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 108,045 36,269 15,678
2018-09-30 104,113 34,138 14,305
2018-06-30 99,973 29,643 14,319
2018-03-31 94,515 34,721 10,937
2017-12-31 81,403 15,566 10,556
2017-09-30 92,223 15,880 11,955
2017-06-30 87,989 17,737 10,811
2017-03-31 87,170 3,200 8,879
2016-12-31 73,468 235 3,501
2016-09-30 74,059 -389 6,199
2016-06-30 73,407 -759 4,765
2016-03-31 77,021 4,347 7,745

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capcom's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Capcom's revenue is expected to grow by 3.6% 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
DB:CPK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Capcom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CPK Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 159.80 159.80 159.80 1.00
2022-03-31 166.70 183.60 149.80 2.00
2021-03-31 148.34 184.50 115.20 10.00
2020-03-31 136.41 150.70 121.80 10.00
2019-03-31 124.53 134.80 115.99 9.00
DB:CPK Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 143.32
2018-09-30 130.65
2018-06-30 130.78
2018-03-31 99.89
2017-12-31 96.40
2017-09-30 109.18
2017-06-30 98.28
2017-03-31 80.17
2016-12-31 31.40
2016-09-30 55.24
2016-06-30 42.37
2016-03-31 68.87

*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.
  • Capcom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Capcom'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Capcom has a total score of 1/6, 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.

CPK Past Performance

  How has Capcom 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 Capcom's growth in the last year to its industry (Entertainment).
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.
  • Capcom has delivered over 20% year on year earnings growth in the past 5 years.
  • Capcom's 1-year earnings growth exceeds its 5-year average (48.5% vs 31.6%)
  • Capcom's earnings growth has exceeded the DE Entertainment industry average in the past year (48.5% vs -6%).
Earnings and Revenue History
Capcom'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 Capcom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CPK Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 108,045.00 15,678.00 18,475.00
2018-09-30 104,113.00 14,305.00 18,564.00
2018-06-30 99,973.00 14,319.00 18,514.00
2018-03-31 94,515.00 10,937.00 18,582.00
2017-12-31 81,403.00 10,556.00 18,043.00
2017-09-30 92,223.00 11,955.00 18,286.00
2017-06-30 87,989.00 10,811.00 17,272.00
2017-03-31 87,170.00 8,879.00 17,080.00
2016-12-31 73,468.00 3,501.00 16,657.00
2016-09-30 74,059.00 6,199.00 16,741.00
2016-06-30 73,407.00 4,765.00 17,269.00
2016-03-31 77,021.00 7,745.00 17,816.00
2015-12-31 73,507.00 7,082.00 15,806.00 823.00
2015-09-30 69,998.00 5,594.00 15,736.00 823.00
2015-06-30 69,243.00 7,420.00 16,265.00
2015-03-31 64,277.00 6,616.00 14,580.00 823.00
2014-12-31 74,809.00 4,027.00 14,080.00 2,002.00
2014-09-30 74,883.00 1,467.00 14,601.00 2,002.00
2014-06-30 94,318.00 3,381.00 15,980.00 2,002.00
2014-03-31 102,200.00 3,444.00 17,747.00 2,002.00
2013-12-31 96,597.00 2,285.00 16,941.00 1,982.00
2013-09-30 101,771.00 3,798.00 18,188.00 1,982.00
2013-06-30 92,912.00 2,481.00 18,709.00 1,982.00
2013-03-31 94,075.00 2,973.00 19,095.00 1,982.00
2012-12-31 104,494.00 10,126.00 20,240.00 2,236.00
2012-09-30 98,351.00 9,942.00 19,079.00 2,236.00
2012-06-30 88,732.00 7,705.00 18,391.00 2,236.00

*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.
  • Capcom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capcom used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Capcom has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Capcom'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 Entertainment 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.
Capcom has a total score of 5/6, 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.

CPK Health

 How is Capcom'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 Capcom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capcom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Capcom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Capcom'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.3x 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 Capcom Company Filings, last reported 3 months ago.

DB:CPK Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 85,416.00 8,890.00 41,379.00
2018-09-30 91,466.00 9,051.00 49,963.00
2018-06-30 87,792.00 9,627.00 45,676.00
2018-03-31 85,421.00 10,509.00 46,539.00
2017-12-31 80,530.00 13,363.00 22,871.00
2017-09-30 80,688.00 10,524.00 23,088.00
2017-06-30 77,334.00 10,950.00 24,236.00
2017-03-31 77,774.00 17,012.00 24,537.00
2016-12-31 72,481.00 20,342.00 20,913.00
2016-09-30 68,392.00 20,359.00 22,260.00
2016-06-30 70,173.00 24,941.00 28,770.00
2016-03-31 75,169.00 13,734.00 28,429.00
2015-12-31 76,098.00 14,840.00 28,157.00
2015-09-30 71,847.00 13,857.00 31,255.00
2015-06-30 72,351.00 14,475.00 31,236.00
2015-03-31 71,331.00 12,064.00 32,204.00
2014-12-31 72,151.00 10,140.00 32,387.00
2014-09-30 66,943.00 11,017.00 27,724.00
2014-06-30 63,186.00 11,224.00 28,588.00
2014-03-31 63,875.00 7,939.00 29,720.00
2013-12-31 67,288.00 7,052.00 31,842.00
2013-09-30 65,197.00 17,152.00 30,407.00
2013-06-30 60,986.00 17,194.00 28,252.00
2013-03-31 62,829.00 18,111.00 31,522.00
2012-12-31 64,780.00 17,597.00 28,405.00
2012-09-30 60,948.00 17,548.00 26,131.00
2012-06-30 58,244.00 15,796.00 24,870.00
  • Capcom's level of debt (10.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.5% vs 10.4% today).
  • Debt is well covered by operating cash flow (408%, greater than 20% of total debt).
  • Capcom earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Capcom'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. Capcom has a total score of 6/6, 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.

CPK Dividends

 What is Capcom'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
1.21%
Current annual income from Capcom dividends. Estimated to be 1.71% next year.
If you bought €2,000 of Capcom shares you are expected to receive €24 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?
  • Capcom's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Capcom's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
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
DB:CPK 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 9 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:CPK Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 48.00 1.00
2022-03-31 50.00 2.00
2021-03-31 43.44 9.00
2020-03-31 38.78 9.00
2019-03-31 35.85 10.00
DB:CPK Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-04 30.000 1.268
2018-10-29 30.000 1.356
2018-05-08 30.000 1.129
2018-01-31 25.000 1.134
2017-11-06 25.000 1.441
2017-06-12 25.000 1.822
2017-04-27 25.000 1.974
2017-02-01 25.000 2.192
2016-06-20 20.000 1.679
2016-05-09 20.000 1.575
2015-10-13 20.000 1.533
2015-05-07 20.000 1.600
2014-06-17 20.000 2.118
2014-05-08 20.000 2.343
2013-06-19 20.000 2.197
2013-05-08 20.000 2.463
2012-11-02 20.000 2.677
2012-07-30 20.000 2.574
2012-05-07 20.000 2.498
2012-02-02 20.000 2.240
2011-10-26 20.000 2.178
2011-07-28 20.000 1.963
2011-05-06 20.000 2.291
2011-02-02 17.500 2.287
2010-07-29 17.500 2.690
2010-06-21 17.500 2.457
2010-05-07 17.500 2.216
2010-02-05 20.000 2.425
2010-02-01 20.000 2.625
2009-11-06 20.000 2.695
2009-10-29 20.000 2.574
2009-07-30 17.500 1.982
2009-06-01 17.500 2.031
2009-04-20 17.500 2.026

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Capcom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Capcom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Capcom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capcom has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CPK Management

 What is the CEO of Capcom'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
Kenzo Tsujimoto
COMPENSATION ¥110,000,000
AGE 78
TENURE AS CEO 18 years
CEO Bio

Mr. Tsujimoto Kenzo has been the Chairman of the Board at Capcom Co. Ltd. since July 1, 2007 and has been its Chief Executive Officer since April 2001. Mr. Kenzo serves as the Chief Executive Officer at Capcom U.S.A., Inc. Mr. Kenzo also serves as the Chairman of the Board and Chief Executive Officer of Capcom Entertainment, Inc. Mr. Kenzo served as Chief Executive Officer of Capcom Entertainment, Inc. Mr. Kenzo serves as Chief Executive Officer of Capcom U.S.A., Inc. He served as the President of Capcom Co. Ltd. from 1985 to July 1, 2007. He serves as Chairman of the Board of Capcom Entertainment, Inc. He has been Representative Director of Capcom Co. Ltd. since 1985.

CEO Compensation
  • Kenzo's compensation has been consistent with company performance over the past year.
  • Kenzo's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Capcom management team in years:

4.8
Average Tenure
63
Average Age
  • The tenure for the Capcom management team is about average.
Management Team

Kenzo Tsujimoto

TITLE
Chairman & CEO
COMPENSATION
¥110M
AGE
78
TENURE
18 yrs

Haruhiro Tsujimoto

TITLE
President
AGE
54
TENURE
11.8 yrs

Kenkichi Nomura

TITLE
CFO, Head of Finance
AGE
63
TENURE
2.8 yrs

Koji Yokota

TITLE
Head of General Affairs

Midori Yuasa

TITLE
Head of Mobile Business Division

Motohide Imaizumi

TITLE
Head of Arcade Operations Business and Managing Corporate Officer

Nobuyuki Matsushima

TITLE
Managing Corporate Officer and Head of R&D Management Division
TENURE
3 yrs

Jun Takeuchi

TITLE
Head of Consumer Games Development Division & Managing Corporate Officer

Yoshinori Ishida

TITLE
Head of Japan & Asia Business Division and Deputy Head of Mobile Online Development Division

Ryozo Tsujimoto

TITLE
Managing Corp Officer and Head of Consumer Games Development Div 2 & Mobile Online Development Div
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Capcom board of directors in years:

2.8
Average Tenure
66
Average Age
  • The average tenure for the Capcom board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kenzo Tsujimoto

TITLE
Chairman & CEO
COMPENSATION
¥110M
AGE
78
TENURE
11.8 yrs

Haruhiro Tsujimoto

TITLE
President
AGE
54
TENURE
21.8 yrs

Kenkichi Nomura

TITLE
CFO, Head of Finance
AGE
63

Yoichi Egawa

TITLE
Executive Corporate Officer & Director
AGE
55
TENURE
5.8 yrs

Kunio Neo

TITLE
Executive Corporate Officer & Director
TENURE
0.8 yrs

Kazushi Hirao

TITLE
Director
AGE
67
TENURE
2.8 yrs

Makoto Matsuo

TITLE
External Independent Director
AGE
69
TENURE
11.8 yrs

Yoshihiko Iwasaki

TITLE
External Independent Director
AGE
66
TENURE
2.8 yrs

Masao Sato

TITLE
External Independent Director
AGE
67
TENURE
2.8 yrs

Toru Muranaka

TITLE
External Independent Director
AGE
53
TENURE
2.8 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 Capcom'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. Capcom 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.

CPK News

Simply Wall St News

CPK Company Info

Description

Capcom Co., Ltd. plans, develops, manufactures, sells, and distributes home video games, online games, mobile games, and arcade games in Japan and internationally. It operates through Digital Contents, Arcade Operations, Amusement Equipments, and Other Businesses segments. The Digital Contents segment develops and sells package games and digital download content. This segment also develops and manages mobile contents and PC online games. The Arcade Operations segment operates Plaza Capcom amusement facilities primarily in commercial complexes; and hosts various events. The Amusement Equipments segment is involved in the development, manufacture, and sale of frames and LCD devices for gaming machines, as well as software; and development, production, and sale of arcade games for amusement facilities. The Other Businesses segment publishes walkthrough and strategy guides, as well as game art books; licenses music CDs and merchandise; and develops game content into movies and animated television programs. The company was founded in 1979 and is headquartered in Osaka, Japan.

Details
Name: Capcom Co., Ltd.
CPK
Exchange: DB
Founded: 1979
¥2,094,706,154
106,751,308
Website: http://www.capcom.co.jp
Address: Capcom Co., Ltd.
3-1-3 Uchihirano-machi,
Chuo-ku,
Osaka,
540-0037,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9697 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK CCOE.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB CPK Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK CCOE.Y ADR Pink Sheets LLC US USD 18. Jun 2012
Number of employees
Current staff
Staff numbers
2,952
Capcom employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:38
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.