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SKY Perfect JSAT Holdings

DB:SKM
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SKM
DB
¥124B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

SKY Perfect JSAT Holdings Inc. provides satellite-based multichannel pay TV and satellite communications services primarily in Asia. The last earnings update was 16 days ago. More info.


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SKM Share Price and Events
7 Day Returns
0.7%
DB:SKM
-4.5%
DE Media
-3.2%
DE Market
1 Year Returns
-13.1%
DB:SKM
-30.1%
DE Media
-11.6%
DE Market
SKM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SKY Perfect JSAT Holdings (SKM) 0.7% -3.8% -14.7% -13.1% -19.4% -10.8%
DE Media -4.5% -6.8% -4.4% -30.1% -41% -28.3%
DE Market -3.2% -5.1% 0.3% -11.6% 5.3% 5.9%
1 Year Return vs Industry and Market
  • SKM outperformed the Media industry which returned -30.1% over the past year.
  • SKM underperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
SKM
Industry
5yr Volatility vs Market

SKM Value

 Is SKY Perfect JSAT 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 SKY Perfect JSAT 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 SKY Perfect JSAT Holdings.

DB:SKM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
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:SKM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.8
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.804 (1 + (1- 30.86%) (87.27%))
1.194
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.194 * 5.96%)
7.34%

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

The calculations below outline how an intrinsic value for SKY Perfect JSAT 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:SKM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.34%)
2019 12,940.00 Analyst x2 12,054.80
2020 18,194.50 Analyst x2 15,790.34
2021 9,226.50 Analyst x2 7,459.57
2022 12,500.00 Analyst x1 9,414.83
2023 13,100.00 Analyst x1 9,191.78
2024 13,800.00 Analyst x1 9,020.55
2025 14,311.15 Est @ 3.7% 8,714.73
2026 14,692.00 Est @ 2.66% 8,334.62
2027 14,975.73 Est @ 1.93% 7,914.41
2028 15,188.43 Est @ 1.42% 7,477.72
Present value of next 10 years cash flows ¥95,373.34
DB:SKM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥15,188.43 × (1 + 0.23%) ÷ (7.34% – 0.23%)
¥213,952.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥213,952.42 ÷ (1 + 7.34%)10
¥105,335.18
DB:SKM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥95,373.34 + ¥105,335.18
¥200,708.52
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥200,708.52 / 297.01
¥675.77
DB:SKM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SKM represents 0.00806x of TSE:9412
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00806x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 675.77 x 0.00806
€5.45
Value per share (EUR) From above. €5.45
Current discount Discount to share price of €3.36
= -1 x (€3.36 - €5.45) / €5.45
38.3%

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

Current Discount
Amount off the current price SKY Perfect JSAT Holdings is available for.
Intrinsic value
38%
Share price is €3.36 vs Future cash flow value of €5.45
Current Discount Checks
For SKY Perfect JSAT Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SKY Perfect JSAT Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SKY Perfect JSAT Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 SKY Perfect JSAT Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SKY Perfect JSAT Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SKM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥32.60
TSE:9412 Share Price ** TSE (2019-05-24) in JPY ¥417
Germany Media Industry PE Ratio Median Figure of 11 Publicly-Listed Media Companies 28.23x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.22x

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

** Primary Listing of SKY Perfect JSAT Holdings.

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

= TSE:9412 Share Price ÷ EPS (both in JPY)

= 417 ÷ 32.60

12.79x

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

  • SKY Perfect JSAT Holdings is good value based on earnings compared to the DE Media industry average.
  • SKY Perfect JSAT Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SKY Perfect JSAT Holdings's expected growth come at a high price?
Raw Data
DB:SKM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
3.6%per year
Germany Media Industry PEG Ratio Median Figure of 8 Publicly-Listed Media Companies 2.01x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.79x ÷ 3.6%

3.57x

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

  • SKY Perfect JSAT Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SKY Perfect JSAT Holdings's assets?
Raw Data
DB:SKM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥745.26
TSE:9412 Share Price * TSE (2019-05-24) in JPY ¥417
Germany Media Industry PB Ratio Median Figure of 13 Publicly-Listed Media Companies 3.07x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:SKM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9412 Share Price ÷ Book Value per Share (both in JPY)

= 417 ÷ 745.26

0.56x

* Primary Listing of SKY Perfect JSAT Holdings.

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

  • SKY Perfect JSAT Holdings is good value based on assets compared to the DE Media industry average.
X
Value checks
We assess SKY Perfect JSAT 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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. SKY Perfect JSAT Holdings has a total score of 4/6, 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.

SKM Future Performance

 How is SKY Perfect JSAT Holdings expected to perform in the next 1 to 3 years based on estimates from 3 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
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SKY Perfect JSAT Holdings expected to grow at an attractive rate?
  • SKY Perfect JSAT Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SKY Perfect JSAT Holdings's earnings growth is positive but not above the Germany market average.
  • SKY Perfect JSAT Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SKM Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SKM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 3.6%
DB:SKM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -4.5%
Germany Media Industry Earnings Growth Rate Market Cap Weighted Average 10.8%
Germany Media Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:SKM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SKM Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 147,200 32,600 10,700 1
2021-03-31 145,033 32,427 10,467 3
2020-03-31 142,500 40,038 10,000 2
DB:SKM Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 164,014 25,898 9,681
2018-12-31 164,573 29,167 11,632
2018-09-30 165,619 26,770 11,706
2018-06-30 167,078 18,531 11,733
2018-03-31 145,501 22,546 11,353
2017-12-31 184,234 14,990 15,753
2017-09-30 187,277 7,361 16,810
2017-06-30 190,363 14,722 16,072
2017-03-31 192,875 7,029 17,415
2016-12-31 157,563 9,024 15,016
2016-09-30 160,467 18,415 16,844
2016-06-30 161,490 18,257 17,363

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SKY Perfect JSAT Holdings's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • SKY Perfect JSAT Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:SKM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from SKY Perfect JSAT Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SKM Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 36.00 36.00 36.00 1.00
2021-03-31 35.24 36.40 34.30 3.00
2020-03-31 33.68 33.70 33.67 2.00
DB:SKM Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 32.60
2018-12-31 39.16
2018-09-30 39.41
2018-06-30 39.50
2018-03-31 38.22
2017-12-31 53.04
2017-09-30 56.60
2017-06-30 54.11
2017-03-31 58.63
2016-12-31 50.56
2016-09-30 56.35
2016-06-30 57.54

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

SKM Past Performance

  How has SKY Perfect JSAT 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 SKY Perfect JSAT Holdings's growth in the last year to its industry (Media).
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.
  • SKY Perfect JSAT Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • SKY Perfect JSAT Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SKY Perfect JSAT Holdings's 1-year earnings growth is negative, it can't be compared to the DE Media industry average.
Earnings and Revenue History
SKY Perfect JSAT 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 SKY Perfect JSAT Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SKM Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 164,014.00 9,681.00 37,407.00
2018-12-31 164,573.00 11,632.00 37,271.00
2018-09-30 165,619.00 11,706.00 37,372.00
2018-06-30 167,078.00 11,733.00 37,850.00
2018-03-31 145,501.00 11,353.00 37,647.00
2017-12-31 184,234.00 15,753.00 37,949.00
2017-09-30 187,277.00 16,810.00 37,538.00
2017-06-30 190,363.00 16,072.00 38,093.00
2017-03-31 192,875.00 17,415.00 37,848.00
2016-12-31 157,563.00 15,016.00 37,875.00
2016-09-30 160,467.00 16,844.00 36,775.00
2016-06-30 161,490.00 17,363.00 37,348.00
2016-03-31 162,905.00 16,867.00 37,055.00
2015-12-31 164,192.00 12,713.00 39,366.00
2015-09-30 162,669.00 10,494.00 41,111.00
2015-06-30 162,177.00 10,716.00 39,588.00
2015-03-31 163,294.00 13,515.00 39,491.00
2014-12-31 170,056.00 12,440.00 38,585.00
2014-09-30 171,260.00 13,188.00 37,933.00
2014-06-30 172,878.00 13,106.00 38,396.00
2014-03-31 171,683.00 9,659.00 38,717.00
2013-12-31 165,898.00 12,007.00 37,574.00
2013-09-30 163,898.00 11,235.00 37,340.00
2013-06-30 161,567.00 9,594.00 37,853.00
2013-03-31 159,609.00 9,682.00 37,288.00
2012-12-31 157,244.00 9,387.00 37,307.00
2012-09-30 156,701.00 7,082.00 38,433.00
2012-06-30 156,417.00 8,377.00 37,260.00

*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.
  • SKY Perfect JSAT Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SKY Perfect JSAT Holdings used its assets less efficiently than the DE Media industry average last year based on Return on Assets.
  • SKY Perfect JSAT Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SKY Perfect JSAT 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 Media 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.
SKY Perfect JSAT Holdings has a total score of 1/6, 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.

SKM Health

 How is SKY Perfect JSAT 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 SKY Perfect JSAT Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SKY Perfect JSAT Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SKY Perfect JSAT Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SKY Perfect JSAT 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 1.5x 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 SKY Perfect JSAT Holdings Company Filings, last reported 1 month ago.

DB:SKM Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 224,014.00 108,086.00 48,089.00
2018-12-31 224,124.00 107,990.00 52,759.00
2018-09-30 224,231.00 109,426.00 56,618.00
2018-06-30 219,716.00 104,840.00 53,071.00
2018-03-31 219,635.00 92,766.00 46,304.00
2017-12-31 217,508.00 91,337.00 44,430.00
2017-09-30 217,931.00 90,901.00 47,438.00
2017-06-30 214,648.00 89,649.00 57,118.00
2017-03-31 213,909.00 82,753.00 46,150.00
2016-12-31 205,409.00 67,614.00 37,318.00
2016-09-30 202,126.00 65,908.00 44,598.00
2016-06-30 199,331.00 65,323.00 46,853.00
2016-03-31 200,512.00 64,136.00 48,557.00
2015-12-31 198,368.00 61,720.00 52,739.00
2015-09-30 203,994.00 61,720.00 57,174.00
2015-06-30 197,330.00 58,366.00 52,515.00
2015-03-31 195,639.00 38,366.00 33,963.00
2014-12-31 194,741.00 33,709.00 40,583.00
2014-09-30 192,461.00 36,827.00 50,333.00
2014-06-30 188,546.00 45,335.00 68,284.00
2014-03-31 184,678.00 45,993.00 63,783.00
2013-12-31 185,330.00 45,025.00 63,849.00
2013-09-30 198,349.00 50,740.00 87,391.00
2013-06-30 194,522.00 47,800.00 83,208.00
2013-03-31 192,691.00 49,398.00 74,472.00
2012-12-31 189,372.00 51,781.00 68,449.00
2012-09-30 187,822.00 57,831.00 74,514.00
2012-06-30 186,377.00 61,825.00 72,996.00
  • SKY Perfect JSAT Holdings's level of debt (48.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24.9% vs 48.2% today).
  • Debt is well covered by operating cash flow (24%, greater than 20% of total debt).
  • SKY Perfect JSAT Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess SKY Perfect JSAT 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. SKY Perfect JSAT Holdings has a total score of 4/6, 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.

SKM Dividends

 What is SKY Perfect JSAT 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
4.32%
Current annual income from SKY Perfect JSAT Holdings dividends. Estimated to be 4.32% next year.
If you bought €2,000 of SKY Perfect JSAT Holdings shares you are expected to receive €86 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?
  • SKY Perfect JSAT Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • SKY Perfect JSAT Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.93%).
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:SKM 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 3 Analyst Estimates (S&P Global) See Below
Germany Media Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 6.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:SKM Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 18.00 1.00
2021-03-31 18.00 3.00
2020-03-31 18.00 3.00
DB:SKM Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-08 18.000 4.289
2019-02-08 18.000 3.820
2019-02-06 18.000 3.790
2018-11-02 18.000 3.574
2018-10-31 18.000 3.510
2018-06-22 18.000 3.396
2018-05-09 18.000 3.549
2017-11-02 18.000 3.633
2017-11-01 18.000 3.458
2017-08-02 18.000 3.561
2017-06-23 18.000 3.729
2017-05-19 18.000 3.674
2017-02-03 16.000 3.231
2017-02-01 16.000 3.345
2016-11-04 16.000 3.047
2016-11-02 16.000 3.205
2016-06-24 16.000 3.364
2016-05-11 16.000 3.109
2016-02-05 14.000 2.165
2016-02-03 14.000 2.043
2015-11-06 14.000 2.184
2015-11-04 14.000 2.265
2015-06-26 14.000 2.333
2015-05-13 14.000 2.048
2015-02-06 12.000 1.595
2015-02-04 12.000 1.653
2014-10-31 12.000 1.708
2014-10-29 12.000 1.829
2014-06-20 12.000 1.937
2014-05-08 12.000 2.251
2014-02-07 12.000 2.269
2014-02-05 12.000 2.364
2013-11-01 12.000 2.202
2013-10-30 12.000 2.196
2013-06-21 12.000 2.381
2013-05-08 12.000 2.596
2013-02-01 12.000 2.617
2013-01-30 12.000 2.829
2012-11-02 12.000 3.291
2012-10-31 12.000 3.318
2012-08-01 12.000 3.410
2012-06-22 12.000 3.485
2012-05-09 12.000 3.761
2012-02-13 12.000 3.286
2012-02-08 12.000 3.108
2011-11-09 12.000 3.055
2011-11-02 12.000 2.785
2011-06-24 12.000 3.256
2011-05-11 12.000 3.820
2011-02-07 12.000 3.933
2011-02-02 12.000 3.880
2010-11-08 12.000 3.978
2010-11-04 12.000 4.338
2010-06-25 12.000 4.095
2010-05-12 12.000 3.651
2010-02-12 12.000 3.065
2010-02-10 12.000 3.130
2009-11-13 12.000 3.115
2009-08-05 12.000 3.065
2009-06-26 12.000 3.387

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 SKY Perfect JSAT Holdings'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 SKY Perfect JSAT 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 SKY Perfect JSAT Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SKY Perfect JSAT Holdings has a total score of 5/6, see the detailed checks below.


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

SKM Management

 What is the CEO of SKY Perfect JSAT 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
Eiichi Yonekura
AGE 61
TENURE AS CEO 0.1 years
CEO Bio

Mr. Eiichi Yonekura is Representative Director at SKY Perfect JSAT Holdings Inc. since 2018. Mr. Yonekura has been President at SKY Perfect JSAT Holdings Inc. since April 01, 2019. Mr. Yonekura was Senior Executive Vice President, Chief Information Management Officer and In charge of Internal Control at SKY Perfect JSAT Holdings Inc. since 2018 until April 01, 2019. Mr. Yonekura is Representative Director SKY Perfect JSAT Corporation since 2018. Mr. Yonekura has been President and Chief Executive Officer at SKY Perfect JSAT Corporation since April 01, 2019. Mr. Yonekura was Senior Executive Vice President at SKY Perfect JSAT Corporation since 2018 until April 01, 2019. Mr. Yonekura has high level of expertise as a corporate manager, extensive experience and knowledge at a general trading company. He served as the President of Metals & Minerals Company until April 1, 2018 and served as its Senior Managing Executive Officer of ITOCHU Corporation since April 1, 2016 until April 1, 2018. Mr. Yonekura served as Managing Executive Officer of ITOCHU Corporation until March 31, 2016. He served as Chief Executive Officer and President at ITOCHU International Inc. at Itochu Corp. Mr. Yonekura served as General Manager of Corporate Planning & Administration Division at Itochu Corp. Mr. Yonekura served as Senior Vice President, Chief Administrative Officer and General Manager of ITOCHU International Inc. since May 2005. Mr. Yonekura has 23 years of experience in the Plant and Machinery Fields, including three years experience in Corporate Planning. In 1981, Mr. Yonekura joined ITOCHU Corporation's Export Power Plant. After a year on secondment at Morgan Grenfell in London, he served as Manager of ITOCHU International Inc.'s Machinery Division from 1990 to 1997. Mr. Yonekura joined ITOCHU's Corporate Planning Division in 1999 and in 2002, he served as Deputy General Manager for Business Integration Department. Since 2003, he served as Vice President and General Manager of ITOCHU International Inc.'s Corporate Planning Division. He serves as a Director of Marubeni-Itochu Steel Inc. He served as an Representative Director of ITOCHU Corporation until March 31, 2017. He graduated with a degree in Economics from Keio University.

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

Average tenure of the SKY Perfect JSAT Holdings management team in years:

4
Average Tenure
  • The tenure for the SKY Perfect JSAT Holdings management team is about average.
Management Team

Eiichi Yonekura

TITLE
President & Representative Director
AGE
61
TENURE
0.1 yrs

Shinji Yokomizu

TITLE
CFO & Director
TENURE
3.9 yrs

Masao Nito

TITLE
Chief Group Compliance Officer
AGE
62
TENURE
6.3 yrs

Masafumi Kawanishi

TITLE
Chief Executive Officer of Wakuwaku Japan and President of Wakuwaku Japan
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the SKY Perfect JSAT Holdings board of directors in years:

3.9
Average Tenure
65
Average Age
  • The tenure for the SKY Perfect JSAT Holdings board of directors is about average.
Board of Directors

Shinji Takada

TITLE
Chairman of the Board
AGE
65
TENURE
0.1 yrs

Eiichi Yonekura

TITLE
President & Representative Director
AGE
61
TENURE
1.3 yrs

Shinji Yokomizu

TITLE
CFO & Director
TENURE
3.9 yrs

Masao Nito

TITLE
Chief Group Compliance Officer
AGE
62
TENURE
11.3 yrs

Kazunobu Iijima

TITLE
Non-Standing Director
AGE
71
TENURE
12.1 yrs

Iwao Nakatani

TITLE
Outside Non-Standing Director
AGE
76

Koki Koyama

TITLE
Director
TENURE
5.3 yrs

Jiro Komaki

TITLE
Director
TENURE
3.9 yrs

Kiyoshi Kosaka

TITLE
Outside Non-Standing Director
AGE
67
TENURE
2.9 yrs

Yoshinobu Kosugi

TITLE
Outside Non-Standing Director
AGE
64
TENURE
1.9 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 SKY Perfect JSAT 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. SKY Perfect JSAT 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.

SKM News

Simply Wall St News

SKM Company Info

Description

SKY Perfect JSAT Holdings Inc. provides satellite-based multichannel pay TV and satellite communications services primarily in Asia. The company operates through Media Business and Space & Satellite Business segments. The Media Business segment offers platform services, such as customer management activities to broadcasting businesses; and delivers broadcasting services through communication satellite and fiber optic network. The Space & Satellite Business segment provides communication satellite circuits to the broadcasting businesses; and satellite communication services, including data and mobile communication services to government, public entities, and corporations. SKY Perfect JSAT Holdings Inc. also produces content; operates as telecommunications carrier and systems integrator for satellite communications and broadcasting services; designs, manufactures, and sells industrial drones; offers mobile satellite communication services; and delivers Japanese content to overseas audiences. The company was formerly known as SKY Perfect JSAT Corporation and changed its name to SKY Perfect JSAT Holdings Inc. in June 2008. SKY Perfect JSAT Holdings Inc. was founded in 1985 and is headquartered in Tokyo, Japan.

Details
Name: SKY Perfect JSAT Holdings Inc.
SKM
Exchange: DB
Founded: 1985
¥1,011,080,590
297,007,848
Website: http://www.skyperfectjsat.co.jp
Address: SKY Perfect JSAT Holdings Inc.
AKASAKA INTERCITY AIR,
8-1, Akasaka 1-chome,
Tokyo,
107-0052,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9412 Common Stock The Tokyo Stock Exchange JP JPY 02. Apr 2007
DB SKM Common Stock Deutsche Boerse AG DE EUR 02. Apr 2007
OTCPK SKPJ.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
858
SKY Perfect JSAT Holdings employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 21:25
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.