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Furukawa Battery

DB:FBB
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FBB
DB
¥17B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

The Furukawa Battery Co., Ltd. manufactures and sells storage batteries and power supply products in Japan and internationally. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • Furukawa Battery has significant price volatility in the past 3 months.
FBB Share Price and Events
7 Day Returns
-4.8%
DB:FBB
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-23.6%
DB:FBB
-47.8%
DE Auto Components
-16.6%
DE Market
FBB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Furukawa Battery (FBB) -4.8% -10.7% -36.9% -23.6% -29.5% -38%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • FBB outperformed the Auto Components industry which returned -47.8% over the past year.
  • FBB underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
FBB
Industry
5yr Volatility vs Market

Value

 Is Furukawa Battery undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Furukawa Battery to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Furukawa Battery.

DB:FBB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:FBB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 30.86%) (53.24%))
1.375
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.375 * 6.33%)
8.31%

Discounted Cash Flow Calculation for DB:FBB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Furukawa Battery is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:FBB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.31%)
2020 2,281.85 Est @ 1.6% 2,106.75
2021 2,304.68 Est @ 1% 1,964.55
2022 2,318.13 Est @ 0.58% 1,824.39
2023 2,324.89 Est @ 0.29% 1,689.30
2024 2,326.92 Est @ 0.09% 1,561.03
2025 2,325.61 Est @ -0.06% 1,440.44
2026 2,321.98 Est @ -0.16% 1,327.83
2027 2,316.72 Est @ -0.23% 1,223.16
2028 2,310.34 Est @ -0.28% 1,126.19
2029 2,303.18 Est @ -0.31% 1,036.55
Present value of next 10 years cash flows ¥15,300.00
DB:FBB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,303.18 × (1 + -0.39%) ÷ (8.31% – -0.39%)
¥26,366.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥26,366.20 ÷ (1 + 8.31%)10
¥11,866.15
DB:FBB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥15,300.00 + ¥11,866.15
¥27,166.15
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥27,166.15 / 32.78
¥828.79
DB:FBB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FBB represents 0.00828x of TSE:6937
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00828x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 828.79 x 0.00828
€6.86
Value per share (EUR) From above. €6.86
Current discount Discount to share price of €4.32
= -1 x (€4.32 - €6.86) / €6.86
37%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Furukawa Battery is available for.
Intrinsic value
37%
Share price is €4.32 vs Future cash flow value of €6.86
Current Discount Checks
For Furukawa Battery to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Furukawa Battery's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Furukawa Battery's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Furukawa Battery's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Furukawa Battery's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FBB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥66.26
TSE:6937 Share Price ** TSE (2020-04-07) in JPY ¥522
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Furukawa Battery.

DB:FBB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6937 Share Price ÷ EPS (both in JPY)

= 522 ÷ 66.26

7.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Furukawa Battery is good value based on earnings compared to the DE Auto Components industry average.
  • Furukawa Battery is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Furukawa Battery's expected growth come at a high price?
Raw Data
DB:FBB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Furukawa Battery, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Furukawa Battery's assets?
Raw Data
DB:FBB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥783.76
TSE:6937 Share Price * TSE (2020-04-07) in JPY ¥522
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:FBB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6937 Share Price ÷ Book Value per Share (both in JPY)

= 522 ÷ 783.76

0.67x

* Primary Listing of Furukawa Battery.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Furukawa Battery is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Furukawa Battery's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Furukawa Battery has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Furukawa Battery expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Furukawa Battery has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49.7%
Expected Auto Components industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Furukawa Battery expected to grow at an attractive rate?
  • Unable to compare Furukawa Battery's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Furukawa Battery's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Furukawa Battery's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:FBB Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:FBB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FBB Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:FBB Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 63,205 2,172
2019-09-30 64,785 4,816 2,507
2019-06-30 64,213 2,216
2019-03-31 63,600 4,936 2,267
2018-12-31 63,673 2,394
2018-09-30 62,471 3,406 2,222
2018-06-30 61,144 2,065
2018-03-31 60,536 2,375 2,136
2017-12-31 60,386 2,320
2017-09-30 57,811 1,871 2,107
2017-06-30 56,527 2,415
2017-03-31 55,320 3,697 2,373

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Furukawa Battery is high growth as no earnings estimate data is available.
  • Unable to determine if Furukawa Battery is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:FBB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Furukawa Battery Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FBB Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:FBB Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 66.26
2019-09-30 76.48
2019-06-30 67.61
2019-03-31 69.16
2018-12-31 73.04
2018-09-30 67.79
2018-06-30 63.00
2018-03-31 65.17
2017-12-31 70.78
2017-09-30 64.28
2017-06-30 73.68
2017-03-31 72.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Furukawa Battery will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Furukawa Battery is trading at Furukawa Battery'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Furukawa Battery's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Automobiles companies here
  3. Furukawa Battery's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Furukawa Battery's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Furukawa Battery has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Furukawa Battery performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Furukawa Battery's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Furukawa Battery's year on year earnings growth rate has been positive over the past 5 years.
  • Furukawa Battery's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Furukawa Battery's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Furukawa Battery's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Furukawa Battery Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FBB Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 63,205.00 2,172.00 9,807.00
2019-09-30 64,785.00 2,507.00 9,765.00
2019-06-30 64,213.00 2,216.00 9,689.00
2019-03-31 63,600.00 2,267.00 9,454.00
2018-12-31 63,673.00 2,394.00 9,860.00
2018-09-30 62,471.00 2,222.00 9,489.00
2018-06-30 61,144.00 2,065.00 9,310.00
2018-03-31 60,536.00 2,136.00 9,220.00
2017-12-31 60,386.00 2,320.00 9,389.00
2017-09-30 57,811.00 2,107.00 9,204.00
2017-06-30 56,527.00 2,415.00 8,935.00
2017-03-31 55,320.00 2,373.00 8,695.00
2016-12-31 53,734.00 2,326.00 8,484.00
2016-09-30 52,981.00 2,366.00 8,311.00
2016-06-30 53,508.00 2,072.00 8,442.00
2016-03-31 54,106.00 2,367.00 8,666.00
2015-12-31 54,781.00 2,254.00 8,790.00
2015-09-30 56,537.00 2,111.00 9,018.00
2015-06-30 55,734.00 2,109.00 8,752.00
2015-03-31 53,903.00 1,756.00 8,411.00
2014-12-31 51,976.00 1,684.00 8,316.00
2014-09-30 50,228.00 1,736.00 8,148.00
2014-06-30 49,892.00 1,989.00 8,200.00
2014-03-31 49,556.00 1,990.00 8,224.00
2013-12-31 48,328.00 1,966.00 9,091.00
2013-09-30 46,943.00 2,070.00 9,005.00
2013-06-30 44,816.00 1,873.00 8,798.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Furukawa Battery has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Furukawa Battery used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Furukawa Battery's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Furukawa Battery's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Furukawa Battery has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Furukawa Battery's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Furukawa Battery's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Furukawa Battery is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Furukawa Battery's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Furukawa Battery's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Furukawa Battery Company Filings, last reported 3 months ago.

DB:FBB Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 26,867.00 8,385.00 3,978.00
2019-09-30 26,165.00 7,393.00 3,385.00
2019-06-30 25,301.00 9,562.00 4,331.00
2019-03-31 25,757.00 8,776.00 4,968.00
2018-12-31 25,456.00 10,832.00 4,368.00
2018-09-30 24,465.00 10,650.00 4,455.00
2018-06-30 24,448.00 10,553.00 4,538.00
2018-03-31 25,156.00 10,656.00 4,194.00
2017-12-31 24,905.00 12,002.00 4,041.00
2017-09-30 23,743.00 10,303.00 3,048.00
2017-06-30 21,935.00 11,790.00 3,657.00
2017-03-31 21,890.00 13,458.00 5,735.00
2016-12-31 19,650.00 12,473.00 4,285.00
2016-09-30 18,842.00 10,780.00 2,859.00
2016-06-30 18,862.00 10,719.00 3,188.00
2016-03-31 19,552.00 11,678.00 3,387.00
2015-12-31 18,629.00 11,820.00 3,228.00
2015-09-30 18,464.00 11,646.00 2,819.00
2015-06-30 18,801.00 10,507.00 2,399.00
2015-03-31 18,619.00 12,594.00 2,191.00
2014-12-31 17,161.00 12,997.00 2,920.00
2014-09-30 15,898.00 10,696.00 2,853.00
2014-06-30 15,517.00 10,094.00 3,051.00
2014-03-31 15,034.00 8,930.00 2,097.00
2013-12-31 14,391.00 9,323.00 2,446.00
2013-09-30 13,540.00 7,403.00 2,247.00
2013-06-30 13,194.00 6,691.00 1,751.00
  • Furukawa Battery's level of debt (31.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (75.6% vs 31.2% today).
  • Debt is well covered by operating cash flow (57.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.5x coverage).
X
Financial health checks
We assess Furukawa Battery's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Furukawa Battery has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Furukawa Battery's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.49%
Current annual income from Furukawa Battery dividends.
If you bought €2,000 of Furukawa Battery shares you are expected to receive €50 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Furukawa Battery's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Furukawa Battery's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:FBB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:FBB Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:FBB Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-26 13.000 1.968
2019-05-14 13.000 2.049
2018-06-26 11.000 1.417
2018-05-09 11.000 1.178
2017-11-01 10.000 0.947
2017-06-27 10.000 1.039
2017-05-10 10.000 1.283
2016-06-24 9.000 1.313
2016-05-11 9.000 1.393
2015-11-04 8.000 1.152
2015-06-23 8.000 0.997
2015-05-11 8.000 0.913
2014-06-25 6.000 0.669
2014-05-09 6.000 0.909
2013-06-25 6.000 0.992
2013-05-09 6.000 1.054
2012-08-01 5.000 1.125
2012-06-26 5.000 1.132
2012-05-10 5.000 1.154
2012-02-06 5.000 1.168
2011-11-04 5.000 1.405
2011-08-03 5.000 1.186
2011-06-29 5.000 0.900
2011-05-10 5.000 0.882
2011-02-07 5.000 0.871
2010-06-29 5.000 0.911
2010-05-10 5.000 0.790
2010-02-05 5.000 0.692
2009-08-07 5.000 0.662
2009-06-26 5.000 0.571
2009-05-08 5.000 0.543

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Furukawa Battery's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Furukawa Battery's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Furukawa Battery afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Furukawa Battery has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Furukawa Battery's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shinichi Ono
AGE 64
TENURE AS CEO 3.3 years
CEO Bio

Mr. Shinichi Ono has been President and Chief Executive Officer of The Furukawa Battery Co., Ltd. since 2017. Mr. Ono served as Senior Managing Director at The Furukawa Battery Co., Ltd. since 2016 and served as its Executive Corporate Officer since 2016. Mr. Ono has been a General Manager of Technical Development Division at The Furukawa Battery Co., Ltd. since June 2012. Mr. Ono served as Corporate Officer at The Furukawa Battery Co., Ltd. since 2012. Mr. Ono Joined The Defense Agency in April 1978. Mr. Ono joined The Furukawa Battery Co., Ltd. in December 1991 and served as its Manager of Alkali Quality Assurance Department - Industrial Equipment Business Division since June 2007. Mr. Ono served as Manager of Planning Information Department, Technical Development Division at The Furukawa Battery Co., Ltd. since June 2009. Mr. Ono served as General Manager of Technical Development Division at The Furukawa Battery Co., Ltd. from June 2010 to June 2011. Mr. Ono has been Representative Director at The Furukawa Battery Co., Ltd. since June 2012.

CEO Compensation
  • Insufficient data for Shinichi to compare compensation growth.
  • Insufficient data for Shinichi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Furukawa Battery management team in years:

7.8
Average Tenure
66
Average Age
  • The average tenure for the Furukawa Battery management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shinichi Ono

TITLE
CEO, President & Representative Director
AGE
64
TENURE
3.3 yrs

Susumu Meida

TITLE
Corporate Officer and GM of Finance & Accounting Dept. of Corporate Management Division

Hiroshi Furusawa

TITLE
Director of Accounting
AGE
71

Takahiro Asahara

TITLE
GM of Human Resources & General Affairs Department

Kazuo Kobayashi

TITLE
Managing Director
AGE
72
TENURE
13.4 yrs

Akira Wada

TITLE
Managing Director and Director of Management Planning Department
AGE
69
TENURE
12.8 yrs

Toru Shirasawa

TITLE
Executive Vice President
AGE
66
TENURE
7.8 yrs

Shigeru Takaku

TITLE
Managing Executive Officer
AGE
63
TENURE
7.8 yrs

Shigeru Fukuhara

TITLE
MD, Executive Corporate Officer
AGE
61

Eizo Sakagami

TITLE
Corporate Officer
Board of Directors Tenure

Average tenure and age of the Furukawa Battery board of directors in years:

4.8
Average Tenure
62
Average Age
  • The tenure for the Furukawa Battery board of directors is about average.
Board of Directors

Shinichi Ono

TITLE
CEO, President & Representative Director
AGE
64
TENURE
7.8 yrs

Shigeru Fukuhara

TITLE
MD, Executive Corporate Officer
AGE
61
TENURE
6.8 yrs

Eizo Sakagami

TITLE
Corporate Officer

Yuji Shioda

TITLE
GM of Iwaki Sector Department - Production Technology Division

Hideaki Ogawa

TITLE
Senior MD
AGE
64
TENURE
4.8 yrs

Koichiro Yamamoto

TITLE
Corporate Officer
AGE
62
TENURE
4.8 yrs

Shinichiro Ota

TITLE
GM of Overseas Strategy Division
AGE
60
TENURE
4.8 yrs

Shigenori Moue

TITLE
Corporate Officer & Director
AGE
62

Keizo Okamoto

TITLE
MD, Executive Corporate Officer & Direcror

Kenichi Kobayashi

TITLE
Outside & Independent Director
AGE
68
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Furukawa Battery's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Furukawa Battery has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

The Furukawa Battery Co., Ltd. manufactures and sells storage batteries and power supply products in Japan and internationally. The company offers lead-acid and alkaline storage batteries for industrial use; solar power generation systems for industrial use; battery condition watcher BCW; automotive and motorcycle batteries; cycle-service storage battery for golf carts; and railway carrier batteries. It also provides power supplies, such as DC power supplies, power supply monitoring and control systems, and uninterruptible power supplies. In addition, the company offers other products, such as converters, automatic charge control systems, automatic charge/discharge devices, chargers for automotive and motor-cycle batteries, molded plastic products, battery testers, and magnesium air battery. The Furukawa Battery Co., Ltd. was founded in 1914 and is headquartered in Yokohama, Japan. The Furukawa Battery Co., Ltd. is a subsidiary of Furukawa Electric Co., Ltd.

Details
Name: The Furukawa Battery Co., Ltd.
FBB
Exchange: DB
Founded: 1914
¥145,126,544
32,777,941
Website: http://www.furukawadenchi.co.jp
Address: The Furukawa Battery Co., Ltd.
2-4-1, Hoshikawa,
Hodogaya-ku,
Yokohama,
Kanagawa, 240-0006,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6937 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB FBB Common Shares Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
2,406
Furukawa Battery employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:40
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.