OTCPK:MIXI.F

Stock Analysis Report

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Executive Summary

mixi, Inc. provides social networking services under the mixi brand name in Japan.


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

MIXI.F

2.9%

US Interactive Media and Services

2.5%

US Market


1 Year Return

n/a

MIXI.F

28.0%

US Interactive Media and Services

15.9%

US Market

Return vs Industry: Insufficient data to determine how MIXI.F performed against the US Interactive Media and Services industry.

Return vs Market: Insufficient data to determine how MIXI.F performed against the US Market.


Shareholder returns

MIXI.FIndustryMarket
7 Day0%2.9%2.5%
30 Day17.2%4.2%5.8%
90 Dayn/a15.9%18.2%
1 Yearn/a28.1%28.0%18.4%15.9%
3 Yearn/a42.8%42.7%39.9%30.9%
5 Year-56.8%-56.8%114.4%113.9%72.9%54.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

14.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MIXI.F ($19.4) is trading above our estimate of fair value ($13.42)

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


Price To Earnings Ratio

PE vs Industry: MIXI.F is good value based on its PE Ratio (14.5x) compared to the US Interactive Media and Services industry average (33.3x).

PE vs Market: MIXI.F is good value based on its PE Ratio (14.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: MIXI.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MIXI.F is good value based on its PB Ratio (0.9x) compared to the US Interactive Media and Services industry average (2.2x).


Next Steps

Future Growth

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

-22.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIXI.F's earnings are forecast to decline over the next 3 years (-22.7% per year).

Earnings vs Market: MIXI.F's earnings are forecast to decline over the next 3 years (-22.7% per year).

High Growth Earnings: MIXI.F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MIXI.F's revenue is expected to decline over the next 3 years (-6.4% per year).

High Growth Revenue: MIXI.F's revenue is forecast to decline over the next 3 years (-6.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MIXI.F's Return on Equity is forecast to be low in 3 years time (2.8%).


Next Steps

Past Performance

How has mixi performed over the past 5 years?

-20.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIXI.F has high quality earnings.

Growing Profit Margin: MIXI.F's current net profit margins (9.6%) are lower than last year (18.4%).


Past Earnings Growth Analysis

Earnings Trend: MIXI.F's earnings have declined by 20.6% per year over the past 5 years.

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

Earnings vs Industry: MIXI.F had negative earnings growth (-59.5%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (-39.3%).


Return on Equity

High ROE: MIXI.F's Return on Equity (5.9%) is considered low.


Next Steps

Financial Health

How is mixi's financial position?


Financial Position Analysis

Short Term Liabilities: MIXI.F's short term assets (¥146.1B) exceed its short term liabilities (¥13.8B).

Long Term Liabilities: MIXI.F's short term assets (¥146.1B) exceed its long term liabilities (¥5.3B).


Debt to Equity History and Analysis

Debt Level: MIXI.F's debt to equity ratio (2%) is considered satisfactory.

Reducing Debt: MIXI.F's debt to equity ratio has reduced from 24.8% to 2% over the past 5 years.

Debt Coverage: MIXI.F's debt is well covered by operating cash flow (491.1%).

Interest Coverage: MIXI.F's interest payments on its debt are well covered by EBIT (1907.4x coverage).


Balance Sheet


Next Steps

Dividend

What is mixi current dividend yield, its reliability and sustainability?

5.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIXI.F's dividend (5.32%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: MIXI.F's dividend (5.32%) is in the top 25% of dividend payers in the US market (4.51%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.3%), MIXI.F's 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?

2.2yrs

Average management tenure


CEO

Koki Kimura (45 yo)

2.17yrs

Tenure

JP¥236,000,000

Compensation

Mr. Koki Kimura has been President and Representative Director at mixi, Inc. since June 2018 and serves as its Corporate Officer. Mr. Kimura was a Director at Mixi, Inc. since August 2015. He served as its ...


CEO Compensation Analysis

Compensation vs Market: Koki's total compensation ($USD2.22M) is below average for companies of similar size in the US market ($USD4.67M).

Compensation vs Earnings: Insufficient data to compare Koki's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Koki Kimura
President2.17yrsJP¥236.00m1.06%
¥ 15.6m
Kosuke Taru
MD of Digital Entertainment Business Operations3.17yrsJP¥196.00m0.46%
¥ 6.8m
Kenji Kasahara
Founder3.83yrsno data45.26%
¥ 664.6m
Hiroyuki Ohsawa
CFO, MD of Corporate Support Operations2.17yrsno datano data
Tatsuma Murase
CTO, Corporate Officer & Director1.17yrsno datano data
Masahiko Okuda
MD of General Administration Headquarters2.17yrsno datano data
Kanji Kobayashi
Corporate Officer of Compliance1.58yrsno datano data
Yuko Nemoto
Corporate Officer of Marketing & Digital Entertainment and Head of Operations for Monster Strike1.25yrsno datano data
Kohei Shimamura
Corporate Officer0.58yrno datano data
Yasuhiro Ogino
Corporate Officer of Wellness8.75yrsJP¥101.00mno data

2.2yrs

Average Tenure

45yo

Average Age

Experienced Management: MIXI.F's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Koki Kimura
President2.17yrsJP¥236.00m1.06%
¥ 15.6m
Kosuke Taru
MD of Digital Entertainment Business Operations3.17yrsJP¥196.00m0.46%
¥ 6.8m
Kenji Kasahara
Founder3.83yrsno data45.26%
¥ 664.6m
Hiroyuki Ohsawa
CFO, MD of Corporate Support Operations2.17yrsno datano data
Tatsuma Murase
CTO, Corporate Officer & Director1.17yrsno datano data
Masahiko Okuda
MD of General Administration Headquarters2.17yrsno datano data
Takako Kato
Outside Full-time Auditor16yrsno data0.0013%
¥ 19.5k
Hiroyuki Wakamatsu
Outside Audit & Supervisory Board Member8.17yrsJP¥186.00mno data
Naoko Shimura
Independent Outside Director2.17yrsno datano data
Satoshi Shima
Independent Outside Director3.17yrsno datano data
Yuichiro Nishimura
Outside Full-time Auditor1.17yrsno datano data
Masuo Yoshimatsu
Independent Outside Director0.083yrno datano data

2.7yrs

Average Tenure

46yo

Average Age

Experienced Board: MIXI.F's board of directors are not considered experienced ( 2.7 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

mixi, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: mixi, Inc.
  • Ticker: MIXI.F
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: JP¥155.898b
  • Listing Market Cap: JP¥1.468b
  • Shares outstanding: 75.35m
  • Website: https://www.mixi.co.jp

Number of Employees


Location

  • mixi, Inc.
  • Sumitomo Fudosan Shibuya First Tower
  • 7th Floor
  • Tokyo
  • 150-0011
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2121TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYSep 2006
MIXI.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDSep 2006
MXNDB (Deutsche Boerse AG)YesCommon StockDEEURSep 2006

Biography

mixi, Inc. provides social networking services under the mixi brand name in Japan. Its entertainment business comprises Fight League, Monster Strike, and Monster Strike Stadium gaming applications. The com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 23:58
End of Day Share Price2020/07/27 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.