Rakuten wesentlich besser als Rocket

organisatorisch noch stärkeren Herausstellung eines Bereichs z.B. beim Fintech-Bereich Die Frage auftaucht: Welchen Wert haben Fintech-Jahresgewinne von 864 Millionen, die mit 31,5% wachsen?

Vergleichende Betrachtungen mit Vervielfachern überlasse ich Euch.  

 

 

- Verbesserung des Delivery
- Ausbau des Direktverkaufs
- C2C marketing

im Bereich des Domestic E-Commerce wäre der Gewinn von Rakuten im ersten Halbjahr höher ausgefallen, denn man konnte zwar den Umsatz im Domestic E-Commerce noch erhöhen, hatte aber aufgrund der oben angführten Invesitionen einen Gewinnrückgang, wie die nachstehenden Zahlen zeigen.

Domestic E-Commerce
Revenue 95.0 101.5 +6.8%
Operating Income 18.4 14.8 -19.1%

https://global.rakuten.com/corp/investors/documents/results/
 

mit einem KGV von 25 bewertet, würde sich eine Bewertung von 21,6 Milliarden US-Dollar ergeben. Bei einem KGV von 50 wären es sogar 43,2 Milliarden allein für den Fintech-Bereich von Rakuten,  

 

global.rakuten.com/corp/investors/documents/results/

wird auch über die Investment Performance der Kapitalbeteiligungen von Rakuten  von 2012 bis heute berichtet.

Seit 2012 hat man 1,802 Milliarden US-Dollar investiert und für Ende Juni 2018 einen Wert von 3,212 Milliarden Dollar festgestellt - also dabei den Wert um 1,410 Milliarden US-Dollar gesteigert. Das entspricht einem Return on Investment (ROI) von 78% bzw. einem Internen Zinsfuß (IRR), der die jährliche Verzinsung anzeigt, von 29%.  

https://www.engadget.com/2018/08/06/...ffers-avis-rentals-to-drivers/  

https://blog.algorithmia.com/  

(JPY bn)Revenue YoY Operating Income YoY

Card 45.3 +13.8% 8.6 +16.1%

Bank 20.4 +9.6% 6.5 +16.3%

Securities 14.4 +18.4% 5.3 +16.8%

Life Insurance 7.2 -10.8% 0.9 +22.2%

General Insurance 14.1 - 2.2 –

Others 3.8 +12.9% 0.5 +0.5

FinTech Total 105.2 +28.2% 24.0 +31.5%

https://global.rakuten.com/corp/investors/documents/results/
 

2018 um 46,6% auf $ 21,7 Millionen gegenüber $ 14,8 Millionen im zweiten Quartal von 2017.

https://global.rakuten.com/corp/investors/
Download
Earnings release, presentation material and supplement
(oberste Datei)
 

mieser Kurs, wieso springt der Wert nicht an? Der Kursverlauf ist unterirdisch und es sieht immer nach einem "fallenden Messer" aus !  

@NIMM2NIMM4 Die unbekannte Variable Zeit... Ein fallendes Messer hat den unterschied, dass die Zahlen schlechter werden. Doch offensichtlich ist das nicht der Fall...  

Zahlen waren gut, denke Investoren müssen hier noch auf den Geschmack kommen  

"First, about the revenue. It's -- the growth is very strong. It's up by 18.5% year-on-year. Global GTV was up 16.4% year-on-year. Especially, the Domestic E-Commerce is keeping good momentum.
And the next one is Domestic E-Commerce, the revenue stream is diversifying. One Delivery, One Payment has been introduced. So we have this opportunity to capture revenue from the diversified business.

FinTech business, it's also growing very strongly. The revenue up by 28.2% year-on-year, and non-GAAP operating income was up 31.5% year-on-year. And we will be making more money.
"
https://finance.yahoo.com/news/...ript-4755-t-earnings-172921370.html
 

Ebates Operating Income increased in the last four quarters 33.8% to $ 70.8 million against $ 52.9 million in the four quarters before.

https://global.rakuten.com/corp/investors/
Download
Earnings release, presentation material and supplement
(oberste Datei)

The queastion is now: What is the value of a company with a Operating Income of 70.8 million and Operating Income-groth of 33.8%?

I believe, the right answer is a P/E of 30, which values Ebates with about $2.1 billion.
 

Tackling Japan’s logistics issues head on with end-to-end vision: One Delivery

Mikitani went on to explain Rakuten’s plans for remedying the industry’s logistics issues through achievement of the One Delivery vision, initially announced to merchants at the New Year Conference earlier this year. In short, Rakuten will manage merchant deliveries from end to end, working through both Rakuten’s own logistics network and external partners to improve service, effectively manage costs and increase capacity.

https://rakuten.today/blog/..._medium=RSS&utm_campaign=RSS+Reader
 

Rakuten Inc.: Q2 Update
Aug. 9, 2018 7:30 AM ET
|
William Daniel

Summary

Rakuten Inc. trades at just ~10x earnings, 1.14x sales, and 6.36x EV/EBITDA.
The company's domestic e-commerce business continues to struggle as Amazon seems willing to lose millions in order to gain market share in Japan.
Rakuten is much more than an e-commerce company, although the rest of the business is often overlooked.

Given the ~19% YoY revenue growth and strong profitability, along with a low relative valuation, I reaffirm my BUY rating on Rakuten.
https://seekingalpha.com/article/4196683-rakuten-inc-q2-update
 

"Still, as of today Rakuten remains a beaten down, oversold and under-covered value play."  

aus meinem vorletzten Posting:

"Rakuten is much more than an e-commerce company, although the rest of the business is often overlooked."
 

Fintech is becoming a major pillar of our business. And at a very rapid speed, the company is driving the growth of our company.

These are the words of Masayuki Hosaka, vice chairman at Rakuten, the Japanese e-commerce giant that is trying to transform the insurance industry and itself.

https://www.netguru.co/blog/...f-fintech-2018-barometer-earning-calls
 

ist kaum zu glauben:

Viber is Rakuten's hidden gem in my view. As of July 31st, the app had an incredible 1.03 billion unique users. Although Rakuten has been slow to monetize the platform things are beginning to take off, revenues increased 69.1% YoY in Q2. Even more impressively the business is now contributing an operating profit. The real value of Viber may be in its ability to connect users to the Rakuten ecosystem and act as a source of data for the advertising business.

https://seekingalpha.com/article/4196683-rakuten-inc-q2-update

 

VIETNAM BREAKING NEWS
Viber Community, chat space for 1b users, launched
JULY 6, 2018

Viber Community is launched in HCM City, opening a group chat of up to 1 billion users. — VNS Photo Messaging application Viber on Wednesday launched Viber Community in Viet Nam, offering a chat space where up to 1 billion users can exchange messages and all kinds of content. According to the company, group chats on apps now restrict the number to hundreds or thousands of users at most. The new service was unveiled in March 2018 at the Mobile World Congress, and has since been rolled out around the globe. Anubhav Nayyar, Viber’s head of business development for Southeast Asia, said: “Viet Nam is a very special market for us. As soon as the country jumped into the global digital revolution, Viber almost instantly became the main chat app for Vietnamese. After a gradual global rollout we are excited to bring Viber Communities to Viet Nam.” New community members have access to the complete history of a community and can contribute to the conversation with all of Viber’s messaging features. Superadmins control community member roles with the ability to add members and promote them to admin or super admin status, ban or block members, decide whether or not they can participate in conversations, and if they can invite new members. Superadmins can grow the community and make it publicly available by enabling a share link or revoke the link at any time.

https://www.vietnambreakingnews.com/2018/07/...for-1b-users-launched/
 

waren ja gut, warum kommt die Aktie nicht in die Gänge ?
Potential sollte doch da sein aber der Kurs über die letzten 1/3/5 Jahre ist ne Krankheit !
Ist der Wert zu klein ? Zu wenig in USA bekannt ? Stören die in den letzten Jahren  gestiegenen Verbindlichkeiten ?  

Viber Revenue: Total Revenue = + 69,1% YoY


https://global.rakuten.com/corp/investors/
Download
Earnings release, presentation material and supplement
(oberste Datei)