DENA CO., LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,558 JPY | -0.61% |
|
+4.60% | +13.11% |
| May. 22 | DeNA Issues 940 Stock Rights as Restricted Compensation | MT |
| May. 10 | DeNA Swings to Loss in Fiscal Year 2023 on Asset Impairment | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 242,298 | 151,833 | 265,772 | 220,477 | 201,302 | 173,429 | - | - |
| Enterprise Value (EV) 1 | 139,419 | 90,355 | 195,525 | 162,327 | 138,610 | 168,919 | 138,216 | 136,505 |
| P/E ratio | 19.1 x | -3.35 x | 10.4 x | 7.25 x | 23.5 x | -5.89 x | 22.8 x | 17.5 x |
| Yield | 2.4% | 1.69% | 1.48% | 2.1% | 1.11% | 1.32% | 1.28% | 1.23% |
| Capitalization / Revenue | 1.95 x | 1.25 x | 1.94 x | 1.68 x | 1.49 x | 1.24 x | 1.25 x | 1.22 x |
| EV / Revenue | 1.12 x | 0.74 x | 1.43 x | 1.24 x | 1.03 x | 1.24 x | 0.99 x | 0.96 x |
| EV / EBITDA | 5.72 x | -2.65 x | 6.7 x | 9.52 x | 14.4 x | -7.77 x | 11.5 x | 7.82 x |
| EV / FCF | 70.7 x | -68.7 x | 9.17 x | -105 x | 5.96 x | 26.2 x | 17 x | 15.8 x |
| FCF Yield | 1.41% | -1.46% | 10.9% | -0.95% | 16.8% | 3.82% | 5.89% | 6.31% |
| Price to Book | 0.96 x | 0.83 x | 1.18 x | 0.92 x | 0.91 x | 0.81 x | 0.82 x | 0.75 x |
| Nbr of stocks (in thousands) | 145,350 | 128,454 | 122,929 | 118,536 | 111,340 | 111,351 | - | - |
| Reference price 2 | 1,667 | 1,182 | 2,162 | 1,860 | 1,808 | 1,558 | 1,558 | 1,558 |
| Announcement Date | 5/10/19 | 5/14/20 | 5/7/21 | 5/10/22 | 5/10/23 | 5/8/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 124,116 | 121,387 | 136,971 | 130,868 | 134,914 | 136,733 | 139,287 | 142,718 |
| EBITDA 1 | 24,395 | -34,133 | 29,198 | 17,055 | 9,647 | -21,730 | 11,982 | 17,463 |
| EBIT 1 | 13,512 | -45,676 | 22,495 | 11,462 | 4,202 | -28,270 | 7,720 | 10,967 |
| Operating Margin | 10.89% | -37.63% | 16.42% | 8.76% | 3.11% | -20.68% | 5.54% | 7.68% |
| Earnings before Tax (EBT) 1 | 18,069 | -40,235 | 31,259 | 29,419 | 13,595 | -28,130 | 11,883 | 14,115 |
| Net income 1 | 12,709 | -49,166 | 25,630 | 30,532 | 8,857 | -28,682 | 7,735 | 10,070 |
| Net margin | 10.24% | -40.5% | 18.71% | 23.33% | 6.56% | -20.98% | 5.55% | 7.06% |
| EPS 2 | 87.47 | -352.5 | 207.5 | 256.4 | 76.78 | -257.6 | 68.26 | 88.75 |
| Free Cash Flow 1 | 1,971 | -1,315 | 21,327 | -1,549 | 23,259 | 5,079 | 8,136 | 8,618 |
| FCF margin | 1.59% | -1.08% | 15.57% | -1.18% | 17.24% | 3.68% | 5.84% | 6.04% |
| FCF Conversion (EBITDA) | 8.08% | - | 73.04% | - | 241.1% | - | 67.9% | 49.35% |
| FCF Conversion (Net income) | 15.51% | - | 83.21% | - | 262.61% | - | 105.18% | 85.58% |
| Dividend per Share 2 | 40.00 | 20.00 | 32.00 | 39.00 | 20.00 | 20.00 | 20.00 | 19.23 |
| Announcement Date | 5/10/19 | 5/14/20 | 5/7/21 | 5/10/22 | 5/10/23 | 5/8/24 | - | - |
1JPY in Million2JPY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 65,250 | 68,796 | 34,031 | 68,085 | 31,045 | 31,738 | 34,773 | 36,450 | 71,223 | 30,172 | 33,519 | - | 36,150 | 38,997 | 75,147 | 29,002 | 32,584 | 35,778 | 38,574 | 30,391 | 31,793 |
| EBITDA 1 | - | - | - | - | - | - | - | - | - | - | - | - | 3,134 | 4,866 | - | -30,435 | 607 | - | - | - | - |
| EBIT 1 | 5,044 | 20,919 | 7,874 | 13,345 | 2,220 | -4,103 | 3,964 | 3,112 | 7,076 | -2,020 | -854 | - | 1,735 | 3,066 | 4,899 | -32,525 | -644 | 4,538 | 4,888 | 287.5 | 1,138 |
| Operating Margin | 7.73% | 30.41% | 23.14% | 19.6% | 7.15% | -12.93% | 11.4% | 8.54% | 9.93% | -6.69% | -2.55% | - | 4.8% | 7.86% | 6.52% | -112.15% | -1.98% | 12.68% | 12.67% | 0.95% | 3.58% |
| Earnings before Tax (EBT) 1 | 7,528 | 26,097 | 10,208 | 27,834 | 4,732 | -3,147 | 10,697 | 5,650 | 16,347 | -4,398 | 1,646 | - | 5,971 | 4,139 | 10,110 | -39,905 | 1,665 | 5,095 | 6,462 | -8,745 | 1,784 |
| Net income 1 | 4,799 | 19,154 | 8,229 | 22,684 | 3,982 | 3,866 | 7,144 | 3,946 | 11,090 | -3,803 | 1,570 | - | 4,639 | 2,763 | 7,402 | -38,635 | 2,551 | 2,500 | 4,200 | -100 | 2,600 |
| Net margin | 7.35% | 27.84% | 24.18% | 33.32% | 12.83% | 12.18% | 20.54% | 10.83% | 15.57% | -12.6% | 4.68% | - | 12.83% | 7.09% | 9.85% | -133.21% | 7.83% | 6.99% | 10.89% | -0.33% | 8.18% |
| EPS 2 | 33.07 | 154.8 | 70.01 | 189.8 | 33.87 | - | 60.27 | 33.95 | 94.22 | -31.71 | 14.27 | - | 41.66 | 24.82 | 66.48 | -347.0 | 22.91 | 30.44 | 38.60 | -52.24 | 10.65 |
| Dividend per Share 2 | - | - | - | - | - | 39.00 | - | - | - | - | 20.00 | 20.00 | - | - | - | - | 20.00 | - | - | - | - |
| Announcement Date | 11/6/19 | 11/10/20 | 11/9/21 | 11/9/21 | 2/8/22 | 5/10/22 | 8/10/22 | 11/8/22 | 11/8/22 | 2/8/23 | 5/10/23 | 5/10/23 | 8/9/23 | 11/8/23 | 11/8/23 | 2/7/24 | 5/8/24 | - | - | - | - |
1JPY in Million2JPY
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 102,879 | 61,478 | 70,247 | 58,150 | 62,692 | 40,325 | 35,213 | 36,923 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,971 | -1,315 | 21,327 | -1,549 | 23,259 | 5,079 | 8,136 | 8,618 |
| ROE (net income / shareholders' equity) | 4.9% | -22.8% | 12.7% | 13.2% | 3.8% | -13.3% | 3.72% | 4.3% |
| ROA (Net income/ Total Assets) | 5.64% | -14.6% | 10.7% | 8.81% | 3.94% | -8.22% | 2.75% | 2.99% |
| Assets 1 | 225,451 | 337,386 | 238,951 | 346,476 | 224,605 | 349,042 | 281,019 | 336,844 |
| Book Value Per Share 2 | 1,728 | 1,432 | 1,827 | 2,024 | 1,984 | 1,871 | 1,893 | 2,089 |
| Cash Flow per Share 2 | 162.0 | -270.0 | 262.0 | 303.0 | 124.0 | -199.0 | 54.90 | 133.0 |
| Capex 1 | 20,075 | 14,261 | 9,273 | 6,433 | 7,581 | 6,527 | 3,545 | 9,567 |
| Capex / Sales | 16.17% | 11.75% | 6.77% | 4.92% | 5.62% | 4.73% | 2.55% | 6.7% |
| Announcement Date | 5/10/19 | 5/14/20 | 5/7/21 | 5/10/22 | 5/10/23 | 5/8/24 | - | - |
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
HOLD
Number of Analysts
7
Last Close Price
1,558
JPY
Average target price
1,711
JPY
Spread / Average Target
+9.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.11% | 1.11B | |
| -10.81% | 24.93B | |
| +10.63% | 20.92B | |
| +2.03% | 2.33B | |
| +81.22% | 2.01B | |
| -30.36% | 1.66B | |
| -49.14% | 1.59B | |
| +0.72% | 1.26B | |
| -4.08% | 1.22B | |
| -22.05% | 1.2B |
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- Financials DeNA Co., Ltd.
