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DeNA

DB:D2N
Snowflake Description

Flawless balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
D2N
DB
¥245B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

DeNA Co., Ltd. develops and operates mobile and online services worldwide. The last earnings update was 72 days ago. More info.


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D2N Share Price and Events
7 Day Returns
2.1%
DB:D2N
0.7%
DE Entertainment
1.8%
DE Market
1 Year Returns
-15.8%
DB:D2N
12.5%
DE Entertainment
-6%
DE Market
D2N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DeNA (D2N) 2.1% -2.7% -13.9% -15.8% -19.4% 7%
DE Entertainment 0.7% 5.7% 13.9% 12.5% 35.7% 73.7%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • D2N underperformed the Entertainment industry which returned 12.5% over the past year.
  • D2N underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
D2N
Industry
5yr Volatility vs Market

D2N Value

 Is DeNA 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 DeNA 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 DeNA.

DB:D2N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:D2N
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))
= 0.958 (1 + (1- 30.86%) (0%))
0.972
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.972 * 5.96%)
6.02%

Discounted Cash Flow Calculation for DB:D2N using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DeNA 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:D2N DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.02%)
2019 9,370.33 Analyst x6 8,838.25
2020 11,862.13 Analyst x8 10,553.22
2021 12,507.14 Analyst x7 10,495.23
2022 9,800.00 Analyst x2 7,756.60
2023 8,900.00 Analyst x1 6,644.26
2024 10,200.00 Analyst x1 7,182.38
2025 9,667.98 Est @ -5.22% 6,421.18
2026 9,321.60 Est @ -3.58% 5,839.57
2027 9,094.19 Est @ -2.44% 5,373.61
2028 8,945.12 Est @ -1.64% 4,985.39
Present value of next 10 years cash flows ¥74,089.70
DB:D2N DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥8,945.12 × (1 + 0.23%) ÷ (6.02% – 0.23%)
¥154,785.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥154,785.58 ÷ (1 + 6.02%)10
¥86,266.81
DB:D2N Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥74,089.70 + ¥86,266.81
¥160,356.50
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥160,356.50 / 145.35
¥1103.25
DB:D2N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:D2N represents 0.00776x of TSE:2432
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00776x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,103.25 x 0.00776
€8.56
Value per share (EUR) From above. €8.56
Current discount Discount to share price of €13.10
= -1 x (€13.10 - €8.56) / €8.56
-53%

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

  • The current share price of DeNA 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 DeNA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DeNA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:D2N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥56.54
TSE:2432 Share Price ** TSE (2019-04-18) in JPY ¥1688
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.8x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of DeNA.

DB:D2N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2432 Share Price ÷ EPS (both in JPY)

= 1688 ÷ 56.54

29.86x

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

  • DeNA is overvalued based on earnings compared to the DE Entertainment industry average.
  • DeNA is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does DeNA's expected growth come at a high price?
Raw Data
DB:D2N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-0.1%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.67x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:D2N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.86x ÷ -0.1%

-200.25x

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

  • DeNA earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DeNA's assets?
Raw Data
DB:D2N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,686.14
TSE:2432 Share Price * TSE (2019-04-18) in JPY ¥1688
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:D2N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2432 Share Price ÷ Book Value per Share (both in JPY)

= 1688 ÷ 1,686.14

1x

* Primary Listing of DeNA.

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

  • DeNA is good value based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess DeNA'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. DeNA 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.

D2N Future Performance

 How is DeNA expected to perform in the next 1 to 3 years based on estimates from 10 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
-0.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DeNA expected to grow at an attractive rate?
  • DeNA's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • DeNA's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • DeNA's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:D2N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:D2N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -0.1%
DB:D2N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 0.5%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 23%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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:D2N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:D2N Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31 129,025 30,056 9,550 3
2022-03-31 125,129 27,298 10,785 5
2021-03-31 123,749 23,905 10,570 10
2020-03-31 121,527 23,279 9,614 10
2019-03-31 124,923 24,551 10,913 10
DB:D2N Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 127,904 27,534 8,212
2018-09-30 134,291 27,401 22,301
2018-06-30 136,851 33,547 22,890
2018-03-31 139,390 37,672 22,981
2017-12-31 141,218 37,923 24,799
2017-09-30 140,607 31,937 29,943
2017-06-30 141,977 28,614 30,980
2017-03-31 143,806 22,682 30,826
2016-12-31 143,724 23,292 31,767
2016-09-30 145,356 25,096 15,777
2016-06-30 144,272 25,157 14,444
2016-03-31 143,709 26,707 11,325

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DeNA's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • DeNA's revenue is expected to grow by 0.5% 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:D2N 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 10 Analyst Estimates (S&P Global) See Below

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

DB:D2N Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31 103.20 125.90 80.50 2.00
2022-03-31 91.30 121.20 60.20 4.00
2021-03-31 72.79 115.00 47.50 11.00
2020-03-31 65.71 108.60 44.62 11.00
2019-03-31 74.73 80.60 68.56 10.00
DB:D2N Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 56.54
2018-09-30 153.58
2018-06-30 157.69
2018-03-31 158.34
2017-12-31 170.88
2017-09-30 206.35
2017-06-30 213.52
2017-03-31 212.49
2016-12-31 219.05
2016-09-30 108.85
2016-06-30 99.76
2016-03-31 78.76

*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.
  • DeNA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess DeNA'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.
DeNA has a total score of 0/6, 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.

D2N Past Performance

  How has DeNA 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 DeNA'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.
  • DeNA's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • DeNA's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • DeNA's 1-year earnings growth is negative, it can't be compared to the DE Entertainment industry average.
Earnings and Revenue History
DeNA'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 DeNA Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D2N Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 127,904.00 8,212.00 57,402.00
2018-09-30 134,291.00 22,301.00 59,077.00
2018-06-30 136,851.00 22,890.00 61,022.00
2018-03-31 139,390.00 22,981.00 61,761.00
2017-12-31 141,218.00 24,799.00 58,777.00
2017-09-30 140,607.00 29,943.00 58,676.00
2017-06-30 141,977.00 30,980.00 58,406.00
2017-03-31 143,806.00 30,826.00 59,572.00
2016-12-31 143,724.00 31,767.00 61,113.00
2016-09-30 145,356.00 15,777.00 61,754.00
2016-06-30 144,272.00 14,444.00 61,473.00
2016-03-31 143,709.00 11,325.00 60,158.00
2015-12-31 144,849.00 10,791.00 60,966.00
2015-09-30 145,459.00 12,476.00 59,276.00
2015-06-30 144,321.00 13,230.00 58,119.00
2015-03-31 142,419.00 14,950.00 57,669.00
2014-12-31 146,045.00 18,017.00 57,826.00
2014-09-30 153,337.00 22,425.00 59,087.00
2014-06-30 164,974.00 25,855.00 62,108.00
2014-03-31 181,313.00 31,661.00 66,841.00
2013-12-31 193,798.00 38,288.00 69,975.00
2013-09-30 204,383.00 42,337.00 72,464.00
2013-06-30 207,035.00 45,163.00 71,093.00
2013-03-31 202,467.00 45,581.00 68,248.00
2012-12-31 192,448.00 44,212.00 61,903.00
2012-09-30 174,276.00 38,569.00 57,587.00
2012-06-30 158,670.00 35,022.00 54,949.00

*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.
  • DeNA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DeNA used its assets less efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • DeNA's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess DeNA'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.
DeNA has a total score of 0/6, 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.

D2N Health

 How is DeNA'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 DeNA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DeNA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DeNA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of DeNA'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.
  • Low level of unsold assets.
  • DeNA has no debt, it does not need to be covered by short term assets.
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 DeNA Company Filings, last reported 3 months ago.

DB:D2N Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 253,188.00 0.00 108,963.00
2018-09-30 269,950.00 0.00 106,595.00
2018-06-30 259,295.00 0.00 105,123.00
2018-03-31 271,150.00 0.00 103,668.00
2017-12-31 263,229.00 0.00 100,601.00
2017-09-30 262,252.00 0.00 98,373.00
2017-06-30 251,831.00 0.00 90,778.00
2017-03-31 236,696.00 0.00 88,152.00
2016-12-31 234,438.00 0.00 82,724.00
2016-09-30 214,018.00 0.00 79,231.00
2016-06-30 193,779.00 0.00 73,720.00
2016-03-31 196,328.00 0.00 75,169.00
2015-12-31 197,418.00 0.00 75,898.00
2015-09-30 200,577.00 0.00 78,749.00
2015-06-30 198,833.00 0.00 71,850.00
2015-03-31 164,503.00 0.00 68,724.00
2014-12-31 156,980.00 0.00 75,085.00
2014-09-30 150,299.00 0.00 71,983.00
2014-06-30 142,606.00 0.00 66,850.00
2014-03-31 145,555.00 0.00 65,394.00
2013-12-31 138,487.00 0.00 57,772.00
2013-09-30 127,652.00 0.00 64,076.00
2013-06-30 118,748.00 0.00 46,657.00
2013-03-31 123,675.00 0.00 67,337.00
2012-12-31 108,883.00 0.00 49,585.00
2012-09-30 93,213.00 0.00 58,240.00
2012-06-30 98,650.00 0.00 58,423.00
  • DeNA has no debt.
  • DeNA has not taken on any debt in the past 5 years.
  • DeNA has no debt, it does not need to be covered by operating cash flow.
  • DeNA has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess DeNA'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. DeNA 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.

D2N Dividends

 What is DeNA'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
1.18%
Current annual income from DeNA dividends. Estimated to be 1.36% next year.
If you bought €2,000 of DeNA 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?
  • DeNA's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • DeNA's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:D2N 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 10 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 327 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:D2N Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 40.00 1.00
2021-03-31 22.54 11.00
2020-03-31 21.96 11.00
2019-03-31 33.38 12.00
DB:D2N Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-08 20.000 1.191
2019-02-07 20.000 1.160
2018-06-25 32.000 1.622
2018-05-10 32.000 1.513
2017-06-26 32.000 1.389
2017-05-11 32.000 1.272
2017-02-08 30.000 1.240
2016-06-20 20.000 0.688
2016-05-11 20.000 0.912
2015-06-22 20.000 0.998
2015-05-12 20.000 0.799
2015-02-05 17.000 0.930
2014-06-23 37.000 2.673
2014-05-09 37.000 2.686
2014-02-05 37.000 1.926
2013-06-26 50.000 2.483
2013-05-09 50.000 2.313
2013-02-07 50.000 1.930
2012-08-09 36.000 1.364
2012-02-07 36.000 1.687
2011-06-28 34.000 1.181
2011-06-27 34.000 1.023
2011-04-28 34.000 1.123
2011-02-01 12.000 0.402
2010-09-29 12.000 0.467
2010-06-28 12.000 0.498
2010-04-30 12.000 0.437
2009-10-27 6.000 0.334
2009-07-29 6.000 0.658
2009-06-29 6.000 0.576
2009-05-01 6.000 0.558
2009-04-22 6.000 0.510

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 DeNA's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x 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 DeNA'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 DeNA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DeNA 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.

D2N Management

 What is the CEO of DeNA'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
Isao Moriyasu
COMPENSATION ¥120,000,000
AGE 45
TENURE AS CEO 6 years
CEO Bio

Mr. Isao Moriyasu serves 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 Manager of IP Platform Business since April 2015. Mr. Moriyasu served as Chief Operating Officer and Director of Portal Business at Dena Co. Ltd., since April 2009 and May 2009 respectively and also served as its General Manager of Social Media. He served as a Executive Officer since April 2009 and General Manager of IP Platform Business since July 2014. He has been a Representative Director of Dena Co. Ltd. since June 2011 and served as its Director since June 2006. He studied at Tokyo University of Science.

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

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

1.8
Average Tenure
45
Average Age
  • The average tenure for the DeNA management team is less than 2 years, this suggests a new team.
Management Team

Isao Moriyasu

TITLE
CEO, President
COMPENSATION
¥120M
AGE
45
TENURE
6 yrs

Tomoko Namba

TITLE
Founder & Executive Chairman
AGE
56
TENURE
20.3 yrs

Shintaro Asako

TITLE
Executive Officer
AGE
44
TENURE
1.8 yrs

Shingo Okamura

TITLE
Managing Executive Officer - COO & Head of Sports Business Unit
TENURE
0.3 yrs

Atsushi Kobayashi

TITLE
Managing Executive Officer - CTO & Head of System Management Unit
TENURE
0.3 yrs

Susa Abe

TITLE
Executive Officer - Specializing in Legal
TENURE
1.8 yrs

Daewoo Choi

TITLE
Executive Officer
TENURE
0.3 yrs

Hiroshi Nakajima

TITLE
Managing Executive Officer & Head of Automotive Business Unit
TENURE
1.8 yrs

Takeshi Matsui

TITLE
Executive Officer and Deputy Head of Game & Entertainment Business Unit
TENURE
1.8 yrs

Keigo Watanabe

TITLE
Managing Executive Officer and Head of External Partnerships & Alliances Unit
Board of Directors Tenure

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

4.8
Average Tenure
51
Average Age
  • The tenure for the DeNA board of directors is about average.
Board of Directors

Tomoko Namba

TITLE
Founder & Executive Chairman
AGE
56
TENURE
3.8 yrs

Akinori Harada

TITLE
Member of the Board
AGE
43
TENURE
0.8 yrs

Isao Moriyasu

TITLE
CEO, President
COMPENSATION
¥120M
AGE
45
TENURE
12.8 yrs

Hiroyuki Otsuka

TITLE
Outside Director
AGE
50
TENURE
3.8 yrs

Nobuo Domadama

TITLE
Outside Director
AGE
49

Taketsune Watanabe

TITLE
Corporate Auditor
AGE
80
TENURE
12.8 yrs

Masaru Iida

TITLE
Corporate Auditor
AGE
51
TENURE
7.8 yrs

Hisaaki Fujikawa

TITLE
Corporate Auditor
AGE
51
TENURE
7.8 yrs

Yukinao Kondo

TITLE
Corporate Auditor
TENURE
4.8 yrs

Shinichi Koizumi

TITLE
Standing Corporate Auditor
AGE
70
TENURE
1.8 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 DeNA'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. DeNA 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.

D2N News

Simply Wall St News

D2N Company Info

Description

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; Easy Ride, a robo-vehicle mobility service; and Robot Shuttle, a driverless shared transportation service. 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; MyAnimeList, a Website for anime fans; Hacka Doll, a news aggregation app specialized for fans of anime, manga, video games, and other otaku topics; Mobaoku that allows users to manage their auction items and bids from their mobile phones; Paygent that provides payment collection services for businesses; and Shumee-to Club, a social networking Website. Additionally, the company operates Yokohama DeNA Baystars, Yokohama DeNA Running Club, and Kawasaki Brave Thunders sports services. DeNA Co., Ltd. was founded in 1999 and is headquartered in Tokyo, Japan.

Details
Name: DeNA Co., Ltd.
D2N
Exchange: DB
Founded: 1999
¥1,949,125,142
145,349,764
Website: http://www.dena.com
Address: DeNA Co., Ltd.
Shibuya Hikarie,
2-21-1 Shibuya,
Tokyo,
150-8510,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2432 Common Shares The Tokyo Stock Exchange JP JPY 16. Feb 2005
OTCPK DNAC.F Common Shares Pink Sheets LLC US USD 16. Feb 2005
DB D2N Common Shares Deutsche Boerse AG DE EUR 16. Feb 2005
Number of employees
Current staff
Staff numbers
2,475
DeNA employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:28
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/08
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.