Financials SoftBank Corp.

Equities

9434

JP3732000009

Wireless Telecommunications Services

Delayed Japan Exchange 11:30:00 26/04/2024 am IST 5-day change 1st Jan Change
1,878 JPY +1.57% Intraday chart for SoftBank Corp. +3.33% +6.76%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 59,69,570 65,16,704 67,34,806 67,18,191 72,29,673 89,21,262 - -
Enterprise Value (EV) 1 89,01,040 1,04,55,148 1,08,42,506 1,09,76,893 1,13,05,007 1,30,14,273 1,28,29,299 1,26,08,594
P/E ratio 13.9 x 13.8 x 13.9 x 13 x 13.6 x 19.1 x 17.9 x 16.1 x
Yield 3.01% 6.18% 5.98% 6.02% 5.62% 4.58% 4.59% 4.66%
Capitalization / Revenue 1.59 x 1.34 x 1.29 x 1.18 x 1.22 x 1.45 x 1.39 x 1.34 x
EV / Revenue 2.38 x 2.15 x 2.08 x 1.93 x 1.91 x 2.11 x 2 x 1.89 x
EV / EBITDA 7.6 x 6.59 x 6.5 x 6.42 x 6.2 x 8.07 x 7.64 x 7.13 x
EV / FCF 20.5 x 12.8 x 13.1 x 42.5 x 11.3 x 17.7 x 15.8 x 14.9 x
FCF Yield 4.87% 7.82% 7.63% 2.35% 8.85% 5.65% 6.34% 6.71%
Price to Book 4.79 x 6.51 x 4.46 x 4.01 x 3.25 x 3.92 x 3.77 x 3.57 x
Nbr of stocks (in thousands) 47,87,145 47,41,145 46,81,825 47,04,616 47,28,367 47,49,141 - -
Reference price 2 1,247 1,374 1,438 1,428 1,529 1,878 1,878 1,878
Announcement Date 08/05/19 11/05/20 11/05/21 11/05/22 10/05/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 37,46,305 48,61,247 52,05,537 56,90,606 59,11,999 61,60,317 64,15,304 66,65,671
EBITDA 1 11,71,639 15,86,966 16,67,112 17,09,190 18,24,378 16,13,115 16,78,901 17,68,717
EBIT 1 7,19,459 9,11,725 9,70,770 9,85,746 10,60,168 8,51,481 9,20,805 10,08,534
Operating Margin 19.2% 18.75% 18.65% 17.32% 17.93% 13.82% 14.35% 15.13%
Earnings before Tax (EBT) 1 6,31,548 8,11,195 8,47,699 8,80,363 8,62,868 7,48,280 8,17,783 9,05,230
Net income 1 4,30,777 4,73,135 4,91,287 5,17,517 5,31,366 4,64,933 5,04,209 5,56,319
Net margin 11.5% 9.73% 9.44% 9.09% 8.99% 7.55% 7.86% 8.35%
EPS 2 89.99 99.27 103.8 110.1 112.5 98.54 105.2 116.4
Free Cash Flow 1 4,33,363 8,17,752 8,27,654 2,58,225 10,00,977 7,35,536 8,13,791 8,46,329
FCF margin 11.57% 16.82% 15.9% 4.54% 16.93% 11.94% 12.69% 12.7%
FCF Conversion (EBITDA) 36.99% 51.53% 49.65% 15.11% 54.87% 45.6% 48.47% 47.85%
FCF Conversion (Net income) 100.6% 172.84% 168.47% 49.9% 188.38% 158.2% 161.4% 152.13%
Dividend per Share 2 37.50 85.00 86.00 86.00 86.00 86.00 86.20 87.52
Announcement Date 08/05/19 11/05/20 11/05/21 11/05/22 10/05/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 2021 S2 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 2025 S2
Net sales 1 23,73,104 - 24,28,427 - 13,67,660 27,24,234 14,49,595 15,16,777 - 13,61,999 14,46,556 28,08,555 15,36,904 15,66,540 31,03,444 14,29,666 15,04,092 29,33,758 15,77,806 16,57,623 32,26,242 14,92,167 15,62,425 30,58,000 16,45,646 16,53,008 33,62,000
EBITDA 1 - - - - 4,67,734 - 4,30,346 3,45,251 - 4,28,292 4,33,789 - 6,87,727 - - - - - 4,40,976 3,54,905 - 4,55,000 4,73,000 - 4,20,000 3,72,000 -
EBIT 1 5,51,964 - 5,89,605 - 2,87,747 5,70,846 2,50,365 1,64,535 - 2,47,111 2,51,447 4,98,558 4,83,445 78,165 5,61,610 2,46,319 2,68,069 5,14,388 2,17,545 1,15,532 3,45,612 2,67,785 2,83,440 5,62,000 2,43,740 1,36,717 3,78,000
Operating Margin 23.26% - 24.28% - 21.04% 20.95% 17.27% 10.85% - 18.14% 17.38% 17.75% 31.46% 4.99% 18.1% 17.23% 17.82% 17.53% 13.79% 6.97% 10.71% 17.95% 18.14% 18.38% 14.81% 8.27% 11.24%
Earnings before Tax (EBT) 1 5,14,243 - 5,31,834 - 2,61,053 5,33,515 1,93,806 1,53,042 - 2,21,869 2,00,177 4,22,046 4,02,303 38,519 4,40,822 2,48,621 2,52,352 5,00,973 1,89,488 54,017 3,19,027 2,50,500 2,71,000 5,42,000 2,35,000 1,15,500 3,58,000
Net income 1 3,27,424 - 3,15,104 - 1,56,293 3,07,257 1,13,577 96,683 - 1,28,542 1,08,599 2,37,141 2,71,465 22,760 2,94,225 1,46,719 1,55,422 3,02,141 1,04,541 52,438 1,72,278 1,49,258 1,59,595 3,24,978 1,32,322 65,436 1,96,178
Net margin 13.8% - 12.98% - 11.43% 11.28% 7.84% 6.37% - 9.44% 7.51% 8.44% 17.66% 1.45% 9.48% 10.26% 10.33% 10.3% 6.63% 3.16% 5.34% 10% 10.21% 10.63% 8.04% 3.96% 5.84%
EPS 2 68.44 - 66.35 - 33.27 65.45 24.15 20.53 - 27.28 23.01 50.29 57.47 4.770 62.24 30.99 32.81 63.80 22.00 8.329 36.20 32.60 35.80 68.40 33.00 8.300 41.30
Dividend per Share 2 42.50 42.50 43.00 43.00 43.00 43.00 - 43.00 43.00 - 43.00 43.00 - 43.00 43.00 - 43.00 43.00 - 43.00 43.00 - 43.00 43.00 - 43.00 43.00
Announcement Date 05/11/19 11/05/20 04/11/20 11/05/21 04/11/21 04/11/21 03/02/22 11/05/22 11/05/22 04/08/22 04/11/22 04/11/22 03/02/23 10/05/23 10/05/23 04/08/23 08/11/23 08/11/23 07/02/24 - - - - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 29,31,470 39,38,444 41,07,700 42,58,702 40,75,334 40,93,011 39,08,037 36,87,332
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.502 x 2.482 x 2.464 x 2.492 x 2.234 x 2.537 x 2.328 x 2.085 x
Free Cash Flow 1 4,33,363 8,17,752 8,27,654 2,58,225 10,00,977 7,35,536 8,13,791 8,46,329
ROE (net income / shareholders' equity) 40.8% 37.9% 39.1% 32.2% 25.4% 21.2% 22% 23.2%
ROA (Net income/ Total Assets) 7.78% 10.4% 7.7% 7.06% 6.3% 3.67% 3.45% 3.69%
Assets 1 55,40,305 45,39,867 63,80,574 73,28,837 84,33,605 1,26,56,890 1,46,21,733 1,50,66,716
Book Value Per Share 2 261.0 211.0 323.0 356.0 470.0 479.0 498.0 527.0
Cash Flow per Share 2 184.0 241.0 251.0 264.0 274.0 236.0 259.0 270.0
Capex 1 3,93,219 4,31,783 4,79,522 7,09,092 7,88,609 6,39,827 6,26,356 6,41,125
Capex / Sales 10.5% 8.88% 9.21% 12.46% 13.34% 10.39% 9.76% 9.62%
Announcement Date 08/05/19 11/05/20 11/05/21 11/05/22 10/05/23 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
1,878 JPY
Average target price
1,900 JPY
Spread / Average Target
+1.13%
Consensus
  1. Stock Market
  2. Equities
  3. 9434 Stock
  4. Financials SoftBank Corp.