DB:SKM

Stock Analysis Report

SKY Perfect JSAT Holdings

Executive Summary

SKY Perfect JSAT Holdings Inc. provides satellite-based multichannel pay TV and satellite communications services primarily in Asia.


Snowflake Analysis

Undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has SKY Perfect JSAT Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

5.3%

SKM

-6.9%

DE Media

-9.1%

DE Market


1 Year Return

2.0%

SKM

-1.4%

DE Media

2.9%

DE Market

Return vs Industry: SKM exceeded the German Media industry which returned -1.4% over the past year.

Return vs Market: SKM matched the German Market which returned 2.9% over the past year.


Shareholder returns

SKMIndustryMarket
7 Day5.3%-6.9%-9.1%
30 Day4.7%-5.6%-7.2%
90 Day4.2%-6.6%-6.5%
1 Year6.2%2.0%3.6%-1.4%6.1%2.9%
3 Year8.3%-3.4%-22.2%-32.4%3.5%-5.6%
5 Year-13.2%-26.3%-23.0%-39.2%8.0%-6.8%

Price Volatility Vs. Market

How volatile is SKY Perfect JSAT Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SKY Perfect JSAT Holdings undervalued compared to its fair value and its price relative to the market?

39.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SKM (€4) is trading below our estimate of fair value (€6.63)

Significantly Below Fair Value: SKM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SKM is good value based on its PE Ratio (15.5x) compared to the Media industry average (28.7x).

PE vs Market: SKM is good value based on its PE Ratio (15.5x) compared to the German market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: SKM is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: SKM is good value based on its PB Ratio (0.6x) compared to the DE Media industry average (2.7x).


Next Steps

Future Growth

How is SKY Perfect JSAT Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKM's forecast earnings growth (5.4% per year) is above the savings rate (-0.4%).

Earnings vs Market: SKM's earnings (5.4% per year) are forecast to grow slower than the German market (13.1% per year).

High Growth Earnings: SKM's earnings are forecast to grow, but not significantly.

Revenue vs Market: SKM's revenue (0.8% per year) is forecast to grow slower than the German market (5.1% per year).

High Growth Revenue: SKM's revenue (0.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SKM's Return on Equity is forecast to be low in 3 years time (5.3%).


Next Steps

Past Performance

How has SKY Perfect JSAT Holdings performed over the past 5 years?

-6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SKM has high quality earnings.

Growing Profit Margin: SKM's current net profit margins (6.7%) are lower than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: SKM's earnings have declined by -6.5% per year over the past 5 years.

Accelerating Growth: SKM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SKM had negative earnings growth (-20%) over the past year, making it difficult to compare to the Media industry average (-8.9%).


Return on Equity

High ROE: SKM's Return on Equity (4.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is SKY Perfect JSAT Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SKM's short term assets (¥168.1B) exceed its short term liabilities (¥44.3B).

Long Term Liabilities: SKM's short term assets (¥168.1B) exceed its long term liabilities (¥102.1B).


Debt to Equity History and Analysis

Debt Level: SKM's debt to equity ratio (45.6%) is considered high.

Reducing Debt: SKM's debt to equity ratio has increased from 17.3% to 45.6% over the past 5 years.

Debt Coverage: SKM's debt is well covered by operating cash flow (26.9%).

Interest Coverage: SKM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: SKM has a high level of physical assets or inventory.

Debt Coverage by Assets: SKM's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

What is SKY Perfect JSAT Holdings's current dividend yield, its reliability and sustainability?

3.71%

Current Dividend Yield


Upcoming Dividend Payment

Purchase SKY Perfect JSAT Holdings before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company3.7%marketbottom25%1.5%markettop25%3.9%industryaverage6.3%forecastin3Years3.7%

Current dividend yield vs market & industry

Notable Dividend: SKM's dividend (3.71%) is higher than the bottom 25% of dividend payers in the German market (1.52%).

High Dividend: SKM's dividend (3.71%) is low compared to the top 25% of dividend payers in the German market (3.92%).


Stability and Growth of Payments

Stable Dividend: SKM's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.4%), SKM's dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

1.7yrs

Average board tenure


CEO

Eiichi Yonekura (62yo)

0.8yrs

Tenure

0

Mr. Eiichi Yonekura has been President and Chief Executive Officer at SKY Perfect JSAT Corporation since April 01, 2019. Mr. Yonekura is Representative Director at SKY Perfect JSAT Holdings Inc. since 2018 ...


Board Members

NamePositionTenureCompensationOwnership
Eiichi Yonekura
President & Representative Director0.8yrsno datano data
Masao Nito
CFO & Director12.1yrsno data0.024% ¥289.1k
Iwao Nakatani
Outside Director0yrsno data0.014% ¥165.1k
Hiroshi Fujiwara
Outside Director1.7yrsno data0.00051% ¥6.1k
Kazunobu Iijima
Director12.8yrsno datano data
Yoshinobu Kosugi
Outside Director2.7yrsno data0.0010% ¥12.4k
Shinji Takada
Chairman of the Board0.8yrsno data0.028% ¥337.8k
Kiyohiro Omatsuzawa
Director0.7yrsno data0.0014% ¥16.5k
Masato Ogawa
Director0.7yrsno data0.0062% ¥73.5k
Toru Fukuoka
Director0.7yrsno datano data

1.7yrs

Average Tenure

65yo

Average Age

Experienced Board: SKM's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SKY Perfect JSAT Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SKY Perfect JSAT Holdings Inc.
  • Ticker: SKM
  • Exchange: DB
  • Founded: 1985
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: JP¥144.049b
  • Listing Market Cap: JP¥1.193b
  • Shares outstanding: 297.01m
  • Website: https://www.skyperfectjsat.space

Number of Employees


Location

  • SKY Perfect JSAT Holdings Inc.
  • AKASAKA INTERCITY AIR
  • 8-1, Akasaka 1-chome
  • Minato-ku
  • 107-0052
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9412TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYApr 2007
SKMDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2007
SKPJ.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

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; operates overseas channels; 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 21:54
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.