SOFTBANK GROUP CORP. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8,722 JPY | +1.31% |
|
+4.93% | +38.60% |
| May. 27 | Japan's Nikkei rebounds on Wall Street gains; financial sector rallies | RE |
| May. 27 | Japan's Nikkei rises modestly despite BOJ policy uncertainty | RE |
Valuation
| Fiscal Period: Marzo | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,429,867 | 7,846,419 | 16,429,269 | 9,318,638 | 7,580,684 | 12,785,801 | - | - |
| Enterprise Value (EV) 1 | 23,052,979 | 18,553,053 | 29,601,071 | 26,315,123 | 16,706,885 | 25,689,500 | 27,778,196 | 26,991,310 |
| P/E ratio | 8.47 x | -7.92 x | 3.56 x | -5.46 x | -7.94 x | -52.4 x | 47.5 x | 27.1 x |
| Yield | 0.41% | 1.16% | 0.47% | 0.79% | 0.85% | 0.49% | 0.5% | 0.5% |
| Capitalization / Revenue | 1.19 x | 1.27 x | 2.92 x | 1.5 x | 1.15 x | 1.94 x | 1.81 x | 1.73 x |
| EV / Revenue | 2.4 x | 3 x | 5.26 x | 4.23 x | 2.54 x | 3.8 x | 3.93 x | 3.65 x |
| EV / EBITDA | 5.69 x | 27 x | 20.3 x | 16.8 x | 10.9 x | 18.1 x | 15.9 x | 14 x |
| EV / FCF | -119 x | -5.85 x | -32.5 x | -89.8 x | 13 x | 239 x | -335 x | 122 x |
| FCF Yield | -0.84% | -17.1% | -3.08% | -1.11% | 7.71% | 0.42% | -0.3% | 0.82% |
| Price to Book | 1.59 x | 1.45 x | 1.67 x | 0.97 x | 0.88 x | 1.2 x | 1.22 x | 1.19 x |
| Nbr of stocks (in thousands) | 2,127,476 | 2,071,388 | 1,760,908 | 1,676,316 | 1,462,888 | 1,465,925 | - | - |
| Reference price 2 | 5,372 | 3,788 | 9,330 | 5,559 | 5,182 | 8,722 | 8,722 | 8,722 |
| Announcement Date | 5/9/19 | 5/18/20 | 5/12/21 | 5/12/22 | 5/11/23 | 5/13/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,602,236 | 6,185,093 | 5,628,167 | 6,221,534 | 6,570,439 | 6,756,500 | 7,069,918 | 7,400,246 |
| EBITDA 1 | 4,048,118 | 686,839 | 1,454,748 | 1,566,276 | 1,526,202 | 1,418,629 | 1,750,738 | 1,932,154 |
| EBIT 1 | 2,353,931 | -1,364,633 | 603,432 | 713,852 | 632,714 | 560,009 | 809,881 | 916,859 |
| Operating Margin | 24.51% | -22.06% | 10.72% | 11.47% | 9.63% | 8.29% | 11.46% | 12.39% |
| Earnings before Tax (EBT) 1 | 1,691,302 | 35,492 | 5,670,456 | -869,562 | -469,127 | 57,801 | 713,022 | 925,513 |
| Net income 1 | 1,411,199 | -961,576 | 4,987,962 | -1,708,029 | -970,144 | -227,646 | 280,417 | 484,738 |
| Net margin | 14.7% | -15.55% | 88.62% | -27.45% | -14.77% | -3.37% | 3.97% | 6.55% |
| EPS 2 | 634.1 | -478.5 | 2,620 | -1,019 | -652.4 | -171.0 | 183.8 | 321.7 |
| Free Cash Flow 1 | -193,090 | -3,169,042 | -911,349 | -293,204 | 1,288,870 | 107,527 | -82,896 | 221,488 |
| FCF margin | -2.01% | -51.24% | -16.19% | -4.71% | 19.62% | 1.59% | -1.17% | 2.99% |
| FCF Conversion (EBITDA) | - | - | - | - | 84.45% | 7.58% | - | 11.46% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 45.69% |
| Dividend per Share 2 | 22.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 | 44.00 |
| Announcement Date | 5/9/19 | 5/18/20 | 5/12/21 | 5/12/22 | 5/11/23 | 5/13/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 Q2 | 2025 S1 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,651,724 | 2,630,531 | 1,504,370 | 2,983,504 | 1,597,336 | 1,640,694 | 3,238,030 | 1,572,030 | 1,610,447 | 3,182,477 | 1,693,296 | 1,694,666 | 3,387,962 | 1,557,507 | 1,669,553 | 3,227,060 | 1,774,841 | 1,754,599 | 3,529,440 | 1,675,559 | 1,832,856 | 3,393,000 | 1,816,613 | 1,850,488 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 383,663 | 324,922 | - | 498,229 | 624,799 | - | 432,826 | 493,107 |
| EBIT 1 | -15,552 | 2,441,822 | 218,541 | 448,361 | 179,223 | 86,268 | - | 257,278 | 209,711 | 466,989 | 191,019 | -25,294 | - | 183,995 | - | 378,245 | 163,345 | 18,419 | - | 222,500 | 232,500 | - | 202,500 | -37,500 |
| Operating Margin | -0.33% | 92.83% | 14.53% | 15.03% | 11.22% | 5.26% | - | 16.37% | 13.02% | 14.67% | 11.28% | -1.49% | - | 11.81% | - | 11.72% | 9.2% | 1.05% | - | 13.28% | 12.69% | - | 11.15% | -2.03% |
| Earnings before Tax (EBT) 1 | 1,116,897 | 1,441,472 | -245,507 | 1,046,971 | 187,753 | -2,104,286 | -1,916,533 | -3,292,455 | 3,585,091 | 292,636 | -582,673 | -179,090 | -761,763 | -176,194 | -731,231 | -907,425 | 1,171,500 | -206,274 | 965,226 | 197,253 | 226,504 | 402,000 | 108,323 | 228,725 |
| Net income 1 | 421,552 | 1,883,211 | -397,940 | 363,569 | 29,048 | -2,100,646 | -2,071,598 | -3,162,700 | 3,033,602 | -129,098 | -783,415 | -57,631 | -841,046 | -477,616 | -931,111 | -1,408,727 | 950,004 | 231,077 | 1,181,081 | 118,635 | 178,594 | 131,000 | 122,250 | 66,774 |
| Net margin | 9.06% | 71.59% | -26.45% | 12.19% | 1.82% | -128.03% | -63.98% | -201.19% | 188.37% | -4.06% | -46.27% | -3.4% | -24.82% | -30.67% | -55.77% | -43.65% | 53.53% | 13.17% | 33.46% | 7.08% | 9.74% | 3.86% | 6.73% | 3.61% |
| EPS 2 | 195.7 | 950.5 | -205.4 | 202.5 | 12.07 | -1,233 | -1,221 | -1,950 | 1,856 | -93.65 | -506.3 | -52.40 | -558.7 | -332.8 | - | -971.6 | 645.4 | 155.3 | 800.7 | 128.2 | 183.3 | - | 134.0 | 87.66 |
| Dividend per Share 2 | 22.00 | 22.00 | 22.00 | 22.00 | - | 22.00 | 22.00 | - | 22.00 | 22.00 | - | 22.00 | 22.00 | - | 22.00 | 22.00 | - | 22.00 | 22.00 | - | 22.00 | - | - | 22.00 |
| Announcement Date | 11/6/19 | 11/9/20 | 11/8/21 | 11/8/21 | 2/8/22 | 5/12/22 | 5/12/22 | 8/8/22 | 11/11/22 | 11/11/22 | 2/7/23 | 5/11/23 | 5/11/23 | 8/8/23 | 11/9/23 | 11/9/23 | 2/8/24 | 5/13/24 | 5/13/24 | - | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11,623,112 | 10,706,634 | 13,171,802 | 16,996,485 | 9,126,201 | 12,553,041 | 14,992,394 | 14,205,509 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.871 x | 15.59 x | 9.054 x | 10.85 x | 5.98 x | 8.849 x | 8.563 x | 7.352 x |
| Free Cash Flow 1 | -193,090 | -3,169,042 | -911,349 | -293,204 | 1,288,870 | 107,527 | -82,896 | 221,489 |
| ROE (net income / shareholders' equity) | 22% | -14.2% | 61.9% | -16.9% | -10.2% | -2.3% | 2.26% | 4.85% |
| ROA (Net income/ Total Assets) | 5.03% | -2.62% | 13.7% | -1.86% | -1.03% | 0.13% | 0.75% | 1.13% |
| Assets 1 | 28,067,476 | 36,673,379 | 36,508,494 | 91,627,050 | 94,590,057 | -178,531,880 | 37,629,228 | 42,832,351 |
| Book Value Per Share 2 | 3,380 | 2,619 | 5,589 | 5,756 | 5,889 | 7,479 | 7,134 | 7,343 |
| Cash Flow per Share 2 | 1,428 | 525.0 | 3,085 | -501.0 | -49.70 | 431.0 | 804.0 | 728.0 |
| Capex 1 | 1,364,954 | 1,232,551 | 646,888 | 835,073 | 799,130 | 633,765 | 672,333 | 704,030 |
| Capex / Sales | 14.21% | 19.93% | 11.49% | 13.42% | 12.16% | 9.38% | 9.51% | 9.51% |
| Announcement Date | 5/9/19 | 5/18/20 | 5/12/21 | 5/12/22 | 5/11/23 | 5/13/24 | - | - |
1JPY in Million2JPY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
8,722
JPY
Average target price
9,899
JPY
Spread / Average Target
+13.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +38.60% | 80.48B | |
| +4.19% | 195B | |
| +3.19% | 125B | |
| -3.46% | 57.71B | |
| +8.05% | 25.34B | |
| +29.18% | 24.69B | |
| -4.61% | 16.83B | |
| +5.92% | 16.38B | |
| -10.84% | 9.97B | |
| +6.49% | 9.91B |
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