The less bumpy way to ride e-commerce = Rakuten (Seite 203)

[FlankerStan]

Korrektur meines letzten Postings, da meine Argumentation auf veralteten Zahlen basierte

Meine neue Argumentation auf der Basis der akutellen Zahlen:

Rakuten Symphony beschäftigt zwischen hat inzwischen ca 3.500 Beschäftige. Nehmen wir vorsichtigerweise einmal pro Beschäftigen $ 100.000 Kosten pro Jahr an, liegen wir bei ca. 350 Millionen plus vorsichtig angesetzen Sachkosten von 100 Millionen = 450 Millionen pro Jahr bzw. 113 Millionen pro Quartal, mit denen Rakuten Symphony die Rechnung von Rakuten Mobile belastet.

Die Erlöse flossen bisher bei Rakuten Symphony spärlich, aber jetzt geht es bei den Erlösen wie eine Flutwelle nach oben.

All diese wurde m.E. bisher kaum in der Diskussion um Rakuten Mobile, in die Rakuten Symphony einbezogen ist, berücksichtigt.

[FlankerStan]

!

Dieser Beitrag wurde von FairMOD moderiert. Grund: auf eigenen Wunsch des Users

[FlankerStan]

We are in our way to be the number one mobile operator and carrier in Japan

„And last but not least, we have no intention and no desire to be a fourth mobile operator in Japan. I believe we are in our way to be the number one mobile operator and carrier in Japan. So focus on cost, cost will decline drastically. You have seen, and I have showed you in the previous slides that the major build of our network is done. The costs will dramatically decrease as we hit the 60,000 mark and add 99% population coverage.“

https://seekingalpha.com/article/4556527-rakuten-group-inc-r…

[FlankerStan]

zu 8729

The Bloomberg-article about Rakuten from Min Jeong Lee, Taro Fuse and Takahiko Hyuga published on Yahoo on Thu, November 10, 2022 at 3:00 AM is an addition of lies. And I can’t understand, that Bloomberg and Yahoo help to publish such criminal nonsense.

[Kev0816]

Antwort auf Beitrag Nr.: 72.744.200 von FlankerStan am 12.11.22 22:15:54

Ja, beim net income selbstverständlich, aber du schreibst doch unten "OPERATING INCOME of 49.0 Billion JPY" dann multipliziert du mit vier 196 Billion JPY und rechnest in Dollar um (1.41 bn). Dann rundest du etwas auf und rechnet drauf das P/E Ratio von 20. Ich bin der Meinung du vergisst den Abschlag von Operating Income zu Net Income. Oder übersehe ich etwas?

[FlankerStan]

zu 8728

Beim net income sind schon Zinsaufwendungen und Steuern abgezogen, sodass ich für ein Internet-Unternehmen ein KGV von 20 für angemessen halte.

„In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.“

https://en.wikipedia.org/wiki/Net_income#:~:text=As%20profit…

[FlankerStan]

I believe, that a CEO of a company can better overlook the numbers

I believe, that a CEO of company can better overlook the numbers than an analyst like New Street „analyst“ Chris Hoare, who were engaged to damage Rakuten Mobile and Open RAN and posting lies and nonsense since a lot of years.

„Speaking with Fierce at Mobile World Congress Americas in September, Rakuten Mobile CEO Tareq Amin said, “We have always been consistent that we will break-even in calendar year 2023. If we really break even in 2023, I think this really addresses everything. Construction is a capex investment, and 2023 we will be pretty much done with our build.”

https://www.fiercewireless.com/wireless/rakuten-mobile-finan…

[Kev0816]

Antwort auf Beitrag Nr.: 72.742.631 von FlankerStan am 12.11.22 12:49:05

Also ich meine für das Operating Income solltest du ein geringeres Multiple heranziehen. Da gehen noch Steuern und ggf. Zinsaufwand ab. Besser finde ich es mit den alten EBITDA Multiples zu rechnen. Laut finbox lagen diese zwischen vor 4-5 Jahren (also vor Mobile Aufbau) zwischen 7-10 (EV/EBITDA)

[FlankerStan]

Valuation of $ 30 billion of Rakuten by a P/E of 20

Very important numbers of Rakuten

Q3/22 Revenue and Operating Income

Q3/21 Q3/22 YoY

Core Business

Revenue 348.1 383.0 +10.0%

Operating Income 41.6 49.0 +17.6%

global.rakuten.com/corp/investors/

An operaring income of 49.0 billion JPY in one quarter = 196 billion JPY on a yearly base = $ 1.41 billion. That will be the normal net income, if Rakuten Mobille will reach profitabilty in December 2023 like announced - may be $ 1.5 billion after additional growth. That are by a P/E of 20 a valuation of $ 30 billion.

[FlankerStan]

Excellent position of Rakuten Symphony

The global 5G services market size is estimated to reach USD 1.67 trillion by 2030, registering a CAGR of 52.0% from 2022 to 2030. The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period.

Companies Mentioned

AT&T, Inc

BT Group plc

China Mobile Ltd.

China Telecom Corporation Ltd.

Bharti Airtel Ltd.

NTT Docomo

KT Corp.

Saudi Telecom Company

Vodafone Group

Deutsche Telekom AG

SK Telecom Co., Ltd.

Verizon Communications, Inc.

T-Mobile USA Inc

Rakuten Mobile Inc.

https://thefacts.com/ap/business/article_4a0e8bff-9445-5ddc-…

„Let me share with you what a one-year-old start-up (lRakuten Symphony) has done in just since August 2021 until today. We have opened up our global offices, nine global offices, invested heavy engineering, massive technology partnership, huge awards from the industry, but we have booked US$3.1 billion of booking revenues in the first 13 months of Rakuten and Symphony existent. This is just absolutely remarkable. 14 global customers, two marquee customers that we're providing end-to-end technology stack.

So from booking to revenue, if you look at Q3, we are at US$315 million of revenue in Q3. And if I share with you our pipeline, what I could tell you is the demand in the market is very strong, very strong. Symphony have to focus our resources and high payoff projects and activities. In addition to the booked US$3.1 billion, we have 69 opportunities that we are also going after that have a value of US$2.7 billion of pipeline, 110 million in total that we are addressing today.

https://seekingalpha.com/article/4556527-rakuten-group-inc-r…