DB:D2N

Stock Analysis Report

Executive Summary

DeNA Co., Ltd. develops and operates mobile and online services worldwide.

Rewards

Earnings are forecast to grow 30.33% per year

Risk Analysis

No risks detected for D2N from our risk checks.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: D2N has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.0%

D2N

1.0%

DE Entertainment

-0.9%

DE Market


1 Year Return

-3.9%

D2N

38.9%

DE Entertainment

12.8%

DE Market

Return vs Industry: D2N underperformed the German Entertainment industry which returned 38.9% over the past year.

Return vs Market: D2N underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

D2NIndustryMarket
7 Day-3.0%1.0%-0.9%
30 Day-14.7%-2.1%-0.4%
90 Day-11.7%8.6%2.3%
1 Year-1.6%-3.9%40.7%38.9%16.3%12.8%
3 Year-34.3%-37.8%44.5%37.5%15.8%5.7%
5 Year31.2%21.8%114.9%97.8%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: D2N (€12.8) is trading above our estimate of fair value (€7.15)

Significantly Below Fair Value: D2N is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: D2N is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.

PE vs Market: D2N 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 D2N's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: D2N is good value based on its PB Ratio (1.1x) compared to the DE Entertainment industry average (1.4x).


Next Steps

Future Growth

How is DeNA forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

30.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: D2N is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: D2N is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: D2N's is expected to become profitable in the next 3 years.

Revenue vs Market: D2N's revenue (0.9% per year) is forecast to grow slower than the German market (5.2% per year).

High Growth Revenue: D2N's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: D2N's Return on Equity is forecast to be low in 3 years time (3.2%).


Next Steps

Past Performance

How has DeNA performed over the past 5 years?

-17.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: D2N is currently unprofitable.

Growing Profit Margin: D2N is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: D2N is unprofitable, and losses have increased over the past 5 years at a rate of -17.1% per year.

Accelerating Growth: Unable to compare D2N's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: D2N is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (14.9%).


Return on Equity

High ROE: D2N has a negative Return on Equity (-22.48%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is DeNA's financial position?


Financial Position Analysis

Short Term Liabilities: D2N's short term assets (¥114.4B) exceed its short term liabilities (¥30.3B).

Long Term Liabilities: D2N's short term assets (¥114.4B) exceed its long term liabilities (¥29.9B).


Debt to Equity History and Analysis

Debt Level: D2N is debt free.

Reducing Debt: D2N has not had any debt for past 5 years.


Balance Sheet

Inventory Level: D2N has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if D2N's debt is covered by short term assets.


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: D2N has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: D2N has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

1.26%

Current Dividend Yield


Upcoming Dividend Payment

Purchase DeNA before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company1.3%marketbottom25%1.3%markettop25%3.6%industryaverage1.1%forecastin3Years1.5%

Current dividend yield vs market & industry

Notable Dividend: D2N's dividend (1.26%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: D2N's dividend (1.26%) is low compared to the top 25% of dividend payers in the German market (3.63%).


Stability and Growth of Payments

Stable Dividend: D2N's dividend payments have been volatile in the past 10 years.

Growing Dividend: D2N's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: D2N is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Isao Moriyasu (46yo)

6.8yrs

Tenure

JP¥120,000,000

Compensation

Mr. Isao Moriyasu serves at ngmoco, LLC and as the Chief Executive Officer of DeNA Inc. since April 2013 and its President since June 2011. Mr. Moriyasu has been Executive Officer since April 2012 and its  ...


CEO Compensation Analysis

Compensation vs Market: Isao's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD1.52M).

Compensation vs Earnings: Isao's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Isao Moriyasu
CEO, President6.8yrsJP¥120.00m0.26% ¥4.6m
Tomoko Namba
Founder & Executive Chairman 4.7yrsno data14.71% ¥257.9m
Shingo Okamura
COO & Director1.1yrsno datano data
Atsushi Kobayashi
Managing Executive Officer - CTO & Head of System Management Unit1.1yrsno datano data
Susa Abe
Executive Officer - Specializing in Legal2.6yrsno datano data
Daewoo Choi
Executive Officer1.1yrsno datano data
Hiroshi Nakajima
Managing Executive Officer & Head of Automotive Business Unit2.6yrsno datano data
Takeshi Matsui
Executive Officer and Deputy Head of Game & Entertainment Business Unit2.6yrsno datano data
Keigo Watanabe
Managing Executive Officer and Head of External Partnerships & Alliances Unit0yrsno datano data
Osamu Ikeda
Executive Officer - Specializing in Game Development1.1yrsno datano data

2.6yrs

Average Tenure

Experienced Management: D2N's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Isao Moriyasu
CEO, President6.8yrsJP¥120.00m0.26% ¥4.6m
Tomoko Namba
Founder & Executive Chairman 4.7yrsno data14.71% ¥257.9m
Shingo Okamura
COO & Director1.1yrsno datano data
Nobuo Domae
Outside Director0yrsno data0.0037% ¥65.2k
Shinichi Koizumi
Standing Corporate Auditor2.7yrsno datano data
Yukinao Kondo
Corporate Auditor5.7yrsno data0.00022% ¥3.9k
Koji Funatsu
Outside Director1.1yrsno datano data
Nobuko Inaba
Corporate Auditor1.1yrsno datano data
Atsuko Sato
Corporate Auditor1.1yrsno datano data

1.9yrs

Average Tenure

53.5yo

Average Age

Experienced Board: D2N's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


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

DeNA Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DeNA Co., Ltd.
  • Ticker: D2N
  • Exchange: DB
  • Founded: 1999
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: JP¥212.801b
  • Listing Market Cap: JP¥1.754b
  • Shares outstanding: 134.51m
  • Website: https://www.dena.com

Number of Employees


Location

  • DeNA Co., Ltd.
  • Shibuya Hikarie
  • 2-21-1 Shibuya
  • Tokyo
  • 150-8510
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2432TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYFeb 2005
DNAC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2005
D2NDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2005

Biography

DeNA Co., Ltd. develops and operates mobile and online services worldwide. The company operates Mobage, a platform that hosts free-to-play mobile games; Yahoo! Mobage, which offers games for PC browsers; and AndApp, a platform that allows users to play mobile game apps on PC browsers under the same user account. It also operates MOV, a taxi dispatch app; Anyca, a mobile app for peer-to-peer car sharing; SOMPO DE NORU, a car leasing service; Easy Ride, a robo-vehicle mobility service; Robot Shuttle, a driverless shared transportation service; and DRIVE CHART, a service for commercial vehicles. In addition, the company offers MYCODE, a direct-to-consumer genetic testing service; KenCoM, which supports health insurance societies to manage their members' health data; Aruite Otoku, a walking app; SHOWROOM, a virtual stage where fans can watch their artists perform live while interacting with them in real time; and Pococha, a social live streaming community. Further, it provides Everystar, a mobile Website for user-generated novels; Manga Box, a weekly manga magazine app; Hacka Doll, a news aggregation app specialized for fans of anime, manga, video games, and other otaku topics; and Mobaoku that allows users to manage their auction items and bids from their mobile phones. Additionally, the company offers Yokohama DeNA Baystars, Yokohama DeNA Running Club, and Kawasaki Brave Thunders sports 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 Analysis2020/02/23 22:48
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.