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Square Enix Holdings

DB:EI4
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EI4
DB
¥468B
Market Cap
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Last updated 2019/04/25 21:41
Company description

Square Enix Holdings Co., Ltd. operates in the content and service businesses in Japan, North America, Europe, and rest of Asia. The last earnings update was 76 days ago. More info.

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EI4 Share Price and Events
7 Day Returns
12.2%
DB:EI4
0.1%
DE Entertainment
0.8%
DE Market
1 Year Returns
-5%
DB:EI4
13%
DE Entertainment
-4.5%
DE Market
EI4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Square Enix Holdings (EI4) 12.2% 4% 11.9% -5% 37.4% 182.1%
DE Entertainment 0.1% 5.8% 11.1% 13% 34.4% 75.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • EI4 underperformed the Entertainment industry which returned 13% over the past year.
Price Volatility
EI4
Industry
5yr Volatility vs Market

EI4 Value

 Is Square Enix Holdings 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 Square Enix Holdings 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 Square Enix Holdings.

DB:EI4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 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:EI4
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))
= 0.963 (1 + (1- 30.86%) (1.8%)) 		0.983
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.983 * 5.96%) 		6.09%

Discounted Cash Flow Calculation for DB:EI4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Square Enix Holdings 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:EI4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.09%)
2019 13,142.80 Analyst x5 12,388.54
2020 24,767.38 Analyst x8 22,006.17
2021 24,088.33 Analyst x6 20,174.53
2022 23,894.50 Analyst x2 18,863.70
2023 16,682.00 Analyst x1 12,413.93
2024 15,415.56 Est @ -7.59% 10,813.16
2025 14,606.90 Est @ -5.25% 9,657.92
2026 14,080.53 Est @ -3.6% 8,775.60
2027 13,734.97 Est @ -2.45% 8,068.96
2028 13,508.42 Est @ -1.65% 7,480.43
Present value of next 10 years cash flows ¥130,642.93
DB:EI4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥13,508.42 × (1 + 0.23%) ÷ (6.09% – 0.23%) 		¥231,029.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥231,029.91 ÷ (1 + 6.09%)10 		¥127,935.28
DB:EI4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥130,642.93 + ¥127,935.28 		¥258,578.21
Equity Value per Share
(JPY)		 = Total value / Shares Outstanding
= ¥258,578.21 / 119.21 		¥2169.15
DB:EI4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EI4 represents 0.00818x of TSE:9684
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.00818x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,169.15 x 0.00818 		€17.74
Value per share (EUR) From above. €17.74
Current discount Discount to share price of €32.14
= -1 x (€32.14 - €17.74) / €17.74 		-81.2%

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

  • The current share price of Square Enix Holdings 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 Square Enix Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Square Enix Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EI4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥104.16
TSE:9684 Share Price ** TSE (2019-04-25) in JPY ¥3930
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.26x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Square Enix Holdings.

DB:EI4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9684 Share Price ÷ EPS (both in JPY)

= 3930 ÷ 104.16

 37.73x

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

  • Square Enix Holdings is overvalued based on earnings compared to the DE Entertainment industry average.
  • Square Enix Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Square Enix Holdings's expected growth come at a high price?
Raw Data
DB:EI4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts		 10.5%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.75x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:EI4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.73x ÷ 10.5%

 3.6x

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

  • Square Enix Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Square Enix Holdings's assets?
Raw Data
DB:EI4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,619.81
TSE:9684 Share Price * TSE (2019-04-25) in JPY ¥3930
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.51x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:EI4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9684 Share Price ÷ Book Value per Share (both in JPY)

= 3930 ÷ 1,619.81

 2.43x

* Primary Listing of Square Enix Holdings.

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

  • Square Enix Holdings is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Square Enix Holdings'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. Square Enix Holdings has a total score of 0/6, 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.

EI4 Future Performance

 How is Square Enix Holdings expected to perform in the next 1 to 3 years based on estimates from 11 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
10.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Square Enix Holdings expected to grow at an attractive rate?
  • Square Enix Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Square Enix Holdings's earnings growth is positive but not above the Germany market average.
  • Square Enix Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EI4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EI4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 10.5%
DB:EI4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2.6%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:EI4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EI4 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 264,700 27,382 20,000 1
2022-03-31 277,100 32,445 27,000 3
2021-03-31 281,018 32,075 25,616 10
2020-03-31 279,052 33,153 25,790 11
2019-03-31 258,123 20,784 19,029 11
DB:EI4 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 241,374 12,410
2018-09-30 230,585 -7,613 16,945
2018-06-30 238,864 23,322
2018-03-31 250,394 30,638 25,821
2017-12-31 254,830 25,311
2017-09-30 282,520 49,235 32,059
2017-06-30 262,631 23,071
2017-03-31 256,824 25,537 20,039
2016-12-31 251,425 23,401
2016-09-30 234,088 21,453 18,055
2016-06-30 223,012 19,221
2016-03-31 214,101 20,184 19,884

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Square Enix Holdings's earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
  • Square Enix Holdings's revenue is expected to grow by 2.6% 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:EI4 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 11 Analyst Estimates (S&P Global) See Below

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

DB:EI4 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 167.80 167.80 167.80 1.00
2022-03-31 300.70 300.70 300.70 1.00
2021-03-31 223.10 271.00 187.90 10.00
2020-03-31 216.37 274.96 149.30 12.00
2019-03-31 158.57 192.00 132.42 12.00
DB:EI4 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 104.16
2018-09-30 142.27
2018-06-30 195.71
2018-03-31 215.33
2017-12-31 209.78
2017-09-30 264.07
2017-06-30 189.02
2017-03-31 164.20
2016-12-31 191.78
2016-09-30 147.99
2016-06-30 157.58
2016-03-31 163.04

*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.
  • Square Enix Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Square Enix Holdings'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.
Square Enix Holdings 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.

EI4 Past Performance

  How has Square Enix Holdings 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 Square Enix Holdings'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.
  • Square Enix Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Square Enix Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Square Enix Holdings's 1-year earnings growth is negative, it can't be compared to the DE Entertainment industry average.
Earnings and Revenue History
Square Enix Holdings'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 Square Enix Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EI4 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 241,374.00 12,410.00 89,218.00
2018-09-30 230,585.00 16,945.00 84,547.00
2018-06-30 238,864.00 23,322.00 82,723.00
2018-03-31 250,394.00 25,821.00 82,021.00
2017-12-31 254,830.00 25,311.00 80,762.00
2017-09-30 282,520.00 32,059.00 82,491.00
2017-06-30 262,631.00 23,071.00 80,695.00
2017-03-31 256,824.00 20,039.00 79,344.00
2016-12-31 251,425.00 23,401.00 78,378.00
2016-09-30 234,088.00 18,055.00 76,882.00
2016-06-30 223,012.00 19,221.00 73,515.00
2016-03-31 214,101.00 19,884.00 71,408.00
2015-12-31 201,777.00 12,453.00 66,783.00
2015-09-30 181,121.00 11,453.00 61,235.00
2015-06-30 172,419.00 12,422.00 57,647.00
2015-03-31 167,891.00 9,831.00 54,507.00
2014-12-31 171,424.00 12,335.00 52,177.00
2014-09-30 166,489.00 9,694.00 50,037.00
2014-06-30 168,694.00 10,499.00 49,924.00
2014-03-31 155,023.00 6,598.00 47,701.00
2013-12-31 147,660.00 -2,790.00 47,951.00
2013-09-30 148,590.00 -5,628.00 48,607.00
2013-06-30 147,150.00 -12,130.00 50,242.00
2013-03-31 147,981.00 -13,714.00 50,808.00
2012-12-31 134,952.00 -4,698.00 48,784.00
2012-09-30 131,435.00 -3,124.00 45,910.00
2012-06-30 128,281.00 3,293.00 41,845.00

*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.
  • Square Enix Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Square Enix Holdings used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Square Enix Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Square Enix Holdings'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.
Square Enix Holdings has a total score of 2/6, 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.

EI4 Health

 How is Square Enix Holdings'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 Square Enix Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Square Enix Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Square Enix Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Square Enix Holdings'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 25.7x 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 Square Enix Holdings Company Filings, last reported 3 months ago.

DB:EI4 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 193,233.00 8,452.00 112,351.00
2018-09-30 194,647.00 8,878.00 111,292.00
2018-06-30 191,541.00 8,759.00 113,423.00
2018-03-31 193,359.00 8,931.00 136,785.00
2017-12-31 189,665.00 9,166.00 130,820.00
2017-09-30 185,883.00 9,045.00 135,374.00
2017-06-30 185,670.00 8,747.00 124,124.00
2017-03-31 181,904.00 8,437.00 129,364.00
2016-12-31 179,005.00 8,619.00 111,761.00
2016-09-30 167,568.00 7,828.00 104,621.00
2016-06-30 167,849.00 8,196.00 104,593.00
2016-03-31 168,782.00 9,722.00 117,306.00
2015-12-31 164,353.00 10,671.00 103,414.00
2015-09-30 159,896.00 7,268.00 96,850.00
2015-06-30 159,424.00 7,703.00 97,566.00
2015-03-31 155,314.00 7,122.00 103,631.00
2014-12-31 139,928.00 42,481.00 117,249.00
2014-09-30 134,149.00 42,109.00 114,711.00
2014-06-30 130,360.00 41,905.00 112,114.00
2014-03-31 127,676.00 41,852.00 115,367.00
2013-12-31 125,956.00 41,950.00 102,300.00
2013-09-30 123,467.00 41,323.00 104,868.00
2013-06-30 119,753.00 41,012.00 101,569.00
2013-03-31 121,636.00 40,726.00 100,418.00
2012-12-31 128,506.00 40,580.00 93,149.00
2012-09-30 128,351.00 40,039.00 95,136.00
2012-06-30 131,809.00 39,924.00 98,654.00
  • Square Enix Holdings's level of debt (4.4%) 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 (33.3% vs 4.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Square Enix Holdings earns more interest than it pays, coverage of interest payments is not a concern.
Show me more healthy companies in the Entertainment industry
X
Financial health checks
We assess Square Enix Holdings'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. Square Enix Holdings has a total score of 5/6, 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.

EI4 Dividends

 What is Square Enix Holdings'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
1.35%
Current annual income from Square Enix Holdings dividends. Estimated to be 1.63% next year.
If you bought €2,000 of Square Enix Holdings shares you are expected to receive €27 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?
  • Square Enix Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Square Enix Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
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:EI4 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 11 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 326 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:EI4 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 53.00 1.00
2022-03-31 71.50 2.00
2021-03-31 63.43 9.00
2020-03-31 64.21 10.00
2019-03-31 51.34 11.00
DB:EI4 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-08 53.000 1.502
2019-02-05 53.000 1.576
2018-11-13 53.000 1.581
2018-11-07 53.000 1.322
2018-06-27 53.000 1.118
2018-05-11 53.000 1.002
2017-06-26 50.000 1.124
2017-05-11 50.000 1.379
2016-05-24 48.000 1.483
2015-06-25 30.000 1.010
2015-05-12 30.000 1.102
2014-06-26 30.000 1.290
2014-05-12 30.000 1.858
2013-11-06 30.000 1.547
2013-06-26 30.000 2.065
2013-05-13 30.000 2.426
2012-11-06 30.000 2.737
2012-06-27 30.000 2.465
2012-02-10 10.000 0.682
2012-02-03 30.000 2.003
2011-11-04 30.000 1.963
2011-08-05 30.000 1.997
2011-06-23 30.000 1.989
2011-05-13 30.000 2.294
2011-02-03 30.000 2.113
2010-11-04 30.000 1.961
2010-06-24 30.000 1.716
2010-05-18 30.000 1.775
2010-02-08 30.000 1.590
2009-11-05 30.000 1.549
2009-08-21 30.000 1.270
2009-05-19 30.000 1.368

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Square Enix Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x 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 Square Enix Holdings'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 Square Enix Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Square Enix Holdings has a total score of 3/6, see the detailed checks below.


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

EI4 Management

 What is the CEO of Square Enix Holdings'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
Yosuke Matsuda
AGE 55
TENURE AS CEO 5.8 years
CEO Bio

Mr. Yosuke Matsuda has been President of SQUARE ENIX CO., LTD. since April 2013 and President of SQUARE ENIX HOLDINGS CO., LTD. since June 2013. Mr. Matsuda served as a Corporate Officer of Square Enix Holdings Co., Ltd. He served as a Director of TAITO CORPORATION since October 2008. He served as Director and Chief Financial Officer of SQUARE ENIX HOLDINGS CO., LTD since March 2013. He served as General Manager, Accounting and Financial Division, SQUARE ENIX CO., LTD. since June 2004. He served as Senior Vice President, SQUARE CO., LTD. (currently SQUARE ENIX CO., LTD.) since October 2001. Mr. Matsuda served as Senior Vice President and General Manager, Accounting and Financial Division, SQUARE ENIX CO., LTD. since April 2003. He served as General Manager, Accounting and Financial Division, SQUARE ENIX HOLDINGS CO., LTD. since October 2008. He served as Senior Executive Managing Director and Representative Director, SQUARE ENIX HOLDINGS CO., LTD. since March 2013. Mr. Matsuda has been Representative Director of Square Enix Holdings Co., Ltd. since March 18, 2013 and served as its Director. He has been Director of TAITO CORPORATION since January 2016. He has been Representative Director of SQUARE ENIX CO., LTD. since April 2013 and Representative Director of SQUARE ENIX HOLDINGS CO., LTD. since June 2013. He has been Representative Director, SQUARE ENIX CO., LTD. (incumbent) since April 2013. Mr. Matsuda has been Representative Director, SQUARE ENIX HOLDINGS CO., LTD. (incumbent) since June 2013. He served as Director, SQUARE ENIX CO., LTD. since June 2004. He served as Director of TAITO CORPORATION since February 2006. He served as Director, SQUARE ENIX HOLDINGS CO., LTD. since October 2008. He served as Representative Director, SQUARE ENIX HOLDINGS CO., LTD. since March 2013. He served as Director of COMPUTER ENTERTAINMENT SUPPLIER'S ASSOCIATION(CESA)since May 2013.

CEO Compensation
  • Insufficient data for Yosuke to compare compensation growth.
  • Insufficient data for Yosuke to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Yosuke Matsuda

TITLE
President & Representative Director
AGE
55
TENURE
5.8 yrs

Koji Taguchi

TITLE
Senior Executive Managing Officer

Shinji Hashimoto

TITLE
Senior Executive Managing Officer

Michihiro Sasaki

TITLE
Executive Managing Officer of Corporate Planning
TENURE
9.5 yrs

Yoichi Haraguchi

TITLE
Senior Executive Managing Officer

Lee Singleton

TITLE
Studio Head of Square Enix London Studios and Square Enix Montreal

David Anfossi

TITLE
Studio Head of Eidos-Montreal

Hirokazu Nishikado

TITLE
Managing Officer
Board of Directors Tenure

Average tenure and age of the Square Enix Holdings board of directors in years:

6.1
Average Tenure
64
Average Age
  • The tenure for the Square Enix Holdings board of directors is about average.
Board of Directors

Yosuke Matsuda

TITLE
President & Representative Director
AGE
55
TENURE
6.1 yrs

Yasuhiro Fukushima

TITLE
Honorary Chairman
AGE
71
TENURE
10.5 yrs

Daishiro Okada

TITLE
Vice Chairman of Square Enix Inc
TENURE
12 yrs

Yukinobu Chida

TITLE
Director
AGE
68
TENURE
10.5 yrs

Ryuji Matsuda

TITLE
Outside Director
AGE
63

Ryoichi Kobayashi

TITLE
Outside Director
AGE
72

Yukihiro Yamamura

TITLE
Outside Director
AGE
55
TENURE
5.8 yrs

Yuji Nishiura

TITLE
Outside Director
AGE
65
TENURE
4.8 yrs

Tadao Toyoshima

TITLE
Outside Director
AGE
63

Masato Ogawa

TITLE
Outside Director
AGE
64
TENURE
0.8 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 Square Enix Holdings'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. Square Enix Holdings 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.

EI4 News

Simply Wall St News

EI4 Company Info

Description

Square Enix Holdings Co., Ltd. operates in the content and service businesses in Japan, North America, Europe, and rest of Asia. It operates through four segments: Digital Entertainment, Amusement, Publication, and Merchandising. The Digital Entertainment segment plans, develops, distributes, and operates digital entertainment content primarily in the form of games. This segment offers digital entertainment content for various customer usage environments, including personal computers and smart devices, as well as consumer game consoles, such as handheld game machines. The Amusement segment is involved in the operation of amusement facilities. This segment also engages in the planning, development, distribution, and rental of arcade game machines and related products for amusement facilities. The Publication segment publishes comic and game strategy books, as well as comic magazines. The Merchandising segment plans, produces, distributes, and licenses products, such as character goods and soundtracks. The company publishes, distributes, and licenses entertainment content under the SQUARE ENIX and TAITO brands. Square Enix Holdings Co., Ltd. was founded in 1975 and is headquartered in Tokyo, Japan.

Details
Name: Square Enix Holdings Co., Ltd.
EI4
Exchange: DB
Founded: 1975
¥3,772,582,841
119,207,217
Website: http://www.hd.square-enix.com
Address: Square Enix Holdings Co., Ltd.
Shinjuku Eastside Square,
6-27-30 Shinjuku,
Tokyo,
160-8430,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9684 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SQNX.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB EI4 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK SQNN.Y UNSPONSORD ADR Pink Sheets LLC US USD 29. Nov 2017
Number of employees
Current staff
Staff numbers
4,335
Square Enix Holdings employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:41
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/19
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.

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