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F.C.C

DB:FCV
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FCV
DB
¥72B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

F.C.C. Co., Ltd. manufactures and sells clutches, facings, and catalysts for automobiles, motorcycles, and general-purpose machinery in Japan, the United States, Indonesia, India, Thailand, China, Brazil, and Vietnam. The last earnings update was 54 days ago. More info.


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  • F.C.C has significant price volatility in the past 3 months.
FCV Share Price and Events
7 Day Returns
-7%
DB:FCV
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-38%
DB:FCV
-52.5%
DE Auto Components
-20.9%
DE Market
FCV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
F.C.C (FCV) -7% -17.2% -38.1% -38% -32.4% -17.7%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • FCV outperformed the Auto Components industry which returned -52.5% over the past year.
  • FCV underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
FCV
Industry
5yr Volatility vs Market
Related Companies

FCV Value

 Is F.C.C 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 F.C.C 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 F.C.C.

DB:FCV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
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:FCV
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 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 30.86%) (10.04%))
1.102
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.102 * 6.33%)
6.58%

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

The calculations below outline how an intrinsic value for F.C.C 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:FCV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.58%)
2020 14,641.00 Analyst x4 13,736.69
2021 12,224.00 Analyst x4 10,760.59
2022 15,191.00 Analyst x3 12,546.43
2023 15,704.65 Est @ 3.38% 12,169.52
2024 16,057.98 Est @ 2.25% 11,674.74
2025 16,292.09 Est @ 1.46% 11,113.34
2026 16,439.30 Est @ 0.9% 10,521.13
2027 16,524.04 Est @ 0.52% 9,922.17
2028 16,564.33 Est @ 0.24% 9,332.02
2029 16,573.23 Est @ 0.05% 8,760.32
Present value of next 10 years cash flows ¥110,536.00
DB:FCV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥16,573.23 × (1 + -0.39%) ÷ (6.58% – -0.39%)
¥236,743.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥236,743.64 ÷ (1 + 6.58%)10
¥125,138.54
DB:FCV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥110,536.00 + ¥125,138.54
¥235,674.54
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥235,674.54 / 49.69
¥4743.09
DB:FCV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FCV represents 0.00829x of TSE:7296
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00829x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,743.09 x 0.00829
€39.31
Value per share (EUR) From above. €39.31
Current discount Discount to share price of €12.00
= -1 x (€12.00 - €39.31) / €39.31
69.5%

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

Current Discount
Amount off the current price F.C.C is available for.
Intrinsic value
>50%
Share price is €12 vs Future cash flow value of €39.31
Current Discount Checks
For F.C.C to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • F.C.C's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • F.C.C's share price is below the future cash flow value, and 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 F.C.C's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are F.C.C's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FCV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥216.45
TSE:7296 Share Price ** TSE (2020-04-06) in JPY ¥1448
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of F.C.C.

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

= TSE:7296 Share Price ÷ EPS (both in JPY)

= 1448 ÷ 216.45

6.69x

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

  • F.C.C is good value based on earnings compared to the DE Auto Components industry average.
  • F.C.C is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does F.C.C's expected growth come at a high price?
Raw Data
DB:FCV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
6.3%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:FCV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.69x ÷ 6.3%

1.06x

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

  • F.C.C is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on F.C.C's assets?
Raw Data
DB:FCV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,625.57
TSE:7296 Share Price * TSE (2020-04-06) in JPY ¥1448
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:FCV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7296 Share Price ÷ Book Value per Share (both in JPY)

= 1448 ÷ 2,625.57

0.55x

* Primary Listing of F.C.C.

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

  • F.C.C is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess F.C.C'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. F.C.C has a total score of 5/6, 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.

FCV Future Performance

 How is F.C.C expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is F.C.C expected to grow at an attractive rate?
  • F.C.C's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • F.C.C's earnings growth is positive but not above the Germany market average.
  • F.C.C's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FCV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FCV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 6.3%
DB:FCV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1.6%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:FCV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FCV Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 181,600 23,730 12,800 1
2023-03-31 175,100 22,656 11,300 1
2022-03-31 184,167 23,744 12,466 6
2021-03-31 174,683 24,184 10,942 6
2020-04-06
2020-03-31 173,167 25,200 10,126 6
DB:FCV Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 176,256 26,206 10,766
2019-09-30 177,287 26,127 10,109
2019-06-30 176,533 23,671 10,991
2019-03-31 177,605 23,622 11,779
2018-12-31 178,056 23,165 10,832
2018-09-30 180,165 23,678 11,697
2018-06-30 176,806 22,408 10,679
2018-03-31 173,174 24,120 9,691
2017-12-31 169,687 22,161 9,650
2017-09-30 164,023 22,328 9,892
2017-06-30 159,237 23,482 8,646
2017-03-31 157,217 24,165 7,204

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • F.C.C's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • F.C.C's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
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:FCV 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 6 Analyst Estimates (S&P Global) See Below

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

DB:FCV Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 255.40 255.40 255.40 1.00
2023-03-31 225.50 225.50 225.50 1.00
2022-03-31 250.39 281.80 197.50 6.00
2021-03-31 221.17 250.60 167.60 6.00
2020-04-06
2020-03-31 196.37 207.90 161.00 6.00
DB:FCV Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 216.45
2019-09-30 202.73
2019-06-30 219.87
2019-03-31 235.04
2018-12-31 215.83
2018-09-30 233.06
2018-06-30 212.78
2018-03-31 193.09
2017-12-31 192.28
2017-09-30 197.10
2017-06-30 172.27
2017-03-31 143.54

*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.
  • F.C.C is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess F.C.C'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.
F.C.C has a total score of 1/6, 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.

FCV Past Performance

  How has F.C.C 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 F.C.C'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.
  • F.C.C's year on year earnings growth rate has been positive over the past 5 years.
  • F.C.C's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • F.C.C's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
F.C.C'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 F.C.C Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FCV Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 176,256.00 10,766.00 12,317.00 3,192.00
2019-09-30 177,287.00 10,109.00 12,081.00 3,192.00
2019-06-30 176,533.00 10,991.00 11,897.00 3,192.00
2019-03-31 177,605.00 11,779.00 11,877.00 3,192.00
2018-12-31 178,056.00 10,832.00 12,018.00 2,984.00
2018-09-30 180,165.00 11,697.00 11,973.00 2,984.00
2018-06-30 176,806.00 10,679.00 12,033.00 2,984.00
2018-03-31 173,174.00 9,691.00 11,651.00 2,984.00
2017-12-31 169,687.00 9,650.00 11,339.00 2,559.00
2017-09-30 164,023.00 9,892.00 11,016.00 2,559.00
2017-06-30 159,237.00 8,646.00 10,302.00 2,559.00
2017-03-31 157,217.00 7,204.00 10,159.00 2,559.00
2016-12-31 156,234.00 4,718.00 10,387.00 2,578.00
2016-09-30 158,514.00 4,257.00 10,708.00 2,578.00
2016-06-30 164,868.00 5,769.00 11,216.00 2,578.00
2016-03-31 167,429.00 6,162.00 11,090.00 2,578.00
2015-12-31 167,672.00 8,908.00 13,602.00 -226.00
2015-09-30 164,548.00 8,323.00 12,785.00 590.00
2015-06-30 158,949.00 7,241.00 11,840.00 1,410.00
2015-03-31 154,395.00 7,230.00 11,353.00 2,151.00
2014-12-31 150,323.00 7,415.00 10,846.00 3,204.00
2014-09-30 147,861.00 8,423.00 10,434.00 3,168.00
2014-06-30 145,878.00 9,487.00 9,966.00 3,140.00
2014-03-31 144,890.00 13,148.00 9,586.00 3,168.00
2013-12-31 141,356.00 13,595.00 9,245.00 3,123.00
2013-09-30 136,153.00 12,272.00 8,907.00 3,087.00
2013-06-30 130,801.00 11,558.00 8,558.00 3,038.00

*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.
  • F.C.C has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • F.C.C used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • F.C.C's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess F.C.C'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.
F.C.C 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.

FCV Health

 How is F.C.C'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 F.C.C's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • F.C.C is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • F.C.C's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of F.C.C'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 12.6x 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 F.C.C Company Filings, last reported 3 months ago.

DB:FCV Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 132,167.00 7,220.00 34,151.00
2019-09-30 128,044.00 7,261.00 30,822.00
2019-06-30 125,617.00 10,600.00 30,804.00
2019-03-31 127,527.00 12,809.00 32,444.00
2018-12-31 124,996.00 13,138.00 29,135.00
2018-09-30 125,924.00 14,971.00 26,673.00
2018-06-30 121,145.00 16,620.00 26,706.00
2018-03-31 118,900.00 16,544.00 25,230.00
2017-12-31 121,504.00 16,053.00 27,043.00
2017-09-30 117,753.00 16,232.00 23,848.00
2017-06-30 114,206.00 18,094.00 25,555.00
2017-03-31 113,154.00 17,305.00 23,474.00
2016-12-31 116,632.00 17,701.00 24,981.00
2016-09-30 105,686.00 15,849.00 22,017.00
2016-06-30 105,222.00 16,875.00 22,929.00
2016-03-31 112,595.00 18,313.00 23,450.00
2015-12-31 118,531.00 19,751.00 21,720.00
2015-09-30 115,143.00 18,971.00 19,371.00
2015-06-30 117,821.00 19,294.00 21,283.00
2015-03-31 116,321.00 16,410.00 17,557.00
2014-12-31 111,958.00 17,232.00 23,350.00
2014-09-30 114,222.00 2,189.00 18,461.00
2014-06-30 109,460.00 2,027.00 19,748.00
2014-03-31 111,097.00 0.00 21,280.00
2013-12-31 108,394.00 0.00 21,391.00
2013-09-30 102,995.00 96.00 24,195.00
2013-06-30 102,469.00 90.00 23,346.00
  • F.C.C's level of debt (5.1%) 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 (15.4% vs 5.1% today).
  • Debt is well covered by operating cash flow (386.5%, greater than 20% of total debt).
  • F.C.C earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess F.C.C'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. F.C.C 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.

FCV Dividends

 What is F.C.C'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
4.01%
Current annual income from F.C.C dividends. Estimated to be 4.62% next year.
If you bought €2,000 of F.C.C shares you are expected to receive €80 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?
  • F.C.C's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • F.C.C's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
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:FCV 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 6 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:FCV Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 76.00 1.00
2023-03-31 68.00 1.00
2022-03-31 69.33 6.00
2021-03-31 62.67 6.00
2020-04-06
2020-03-31 58.33 6.00
DB:FCV Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-12 58.000 2.807
2019-11-05 58.000 2.369
2019-06-27 58.000 2.790
2019-04-26 58.000 2.517
2019-02-08 46.000 1.876
2018-11-09 46.000 1.709
2018-06-21 46.000 1.453
2018-04-27 46.000 1.475
2018-02-09 42.000 1.408
2018-01-31 42.000 1.334
2017-11-10 42.000 1.448
2017-10-27 42.000 1.510
2017-06-22 42.000 1.762
2017-04-28 42.000 1.936
2017-02-10 40.000 1.797
2017-01-31 40.000 1.868
2016-11-11 40.000 1.935
2016-10-31 40.000 2.050
2016-06-24 40.000 1.951
2016-04-28 40.000 2.082
2016-02-10 40.000 2.151
2016-01-29 40.000 1.860
2015-11-11 40.000 1.587
2015-10-30 40.000 1.676
2015-06-24 40.000 2.042
2015-04-28 40.000 2.021
2015-02-12 40.000 2.040
2015-01-30 40.000 2.052
2014-11-12 40.000 1.932
2014-10-28 40.000 2.085
2014-06-25 40.000 2.185
2014-04-25 40.000 2.284
2014-02-13 40.000 2.251
2014-01-30 40.000 2.119
2013-11-13 40.000 1.921
2013-10-28 40.000 1.832
2013-07-26 40.000 1.756
2013-06-25 40.000 1.634
2013-04-26 40.000 1.687
2013-02-13 36.000 1.614
2013-01-31 36.000 1.751
2012-10-26 36.000 2.214
2012-07-27 36.000 2.836
2012-06-26 36.000 2.870
2012-04-25 36.000 2.491
2012-02-10 32.000 1.757
2012-01-31 32.000 1.874
2011-11-10 32.000 2.033
2011-10-26 32.000 1.951
2011-07-27 32.000 1.945
2011-04-27 32.000 1.698
2011-01-31 32.000 1.651
2010-08-05 32.000 1.731
2010-07-28 32.000 1.893
2010-06-25 32.000 1.934
2010-04-26 32.000 1.758
2010-01-29 26.000 1.463
2009-11-12 26.000 1.596
2009-10-26 26.000 1.645
2009-07-28 26.000 1.726
2009-04-24 26.000 2.043

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 F.C.C's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x 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 F.C.C's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 F.C.C afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. F.C.C 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.

FCV Management

 What is the CEO of F.C.C'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
Toshimichi Matsuda
AGE 67
TENURE AS CEO 6.8 years
CEO Bio

Mr. Toshimichi Matsuda has been the President of FCC Co. Ltd. since June 2013. Mr. Matsuda served as a Senior Managing Director of FCC Co. Ltd. since June 2012. He served as the President and Director of FCC (EUROPE) LTD. since April 1996. He served as Managing Director of FCC Co. Ltd. since June 2008. He served as Head of Sales and Purchasing, Head of business operation in China and Risk Management Officer of FCC Co. Ltd. since April 2007. He served as Managing Director and Head of Sales and Purchasing and Head of business operation in China of FCC Co. Ltd since June 2008 .He served as a Head of Sales and Purchasing and Compliance Officer of FCC Co. Ltd since June 2010. He served as a Senior Managing Director and Head of Sales and Compliance officer of FCC Co. Ltd since June 2012. He served as Director and General Manager of Sales Division at FCC Co. Ltd. since June 2001. Mr. Matsuda has been a Representative Director of FCC Co. Ltd. since June 2001.

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

Average tenure and age of the F.C.C management team in years:

5.5
Average Tenure
57.5
Average Age
  • The average tenure for the F.C.C management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Toshimichi Matsuda

TITLE
President & Representative Director
AGE
67
TENURE
6.8 yrs

Ryujiro Matsumoto

TITLE
Chief Information Officer
AGE
57
TENURE
7 yrs

Kazuhiro Itonaga

TITLE
MD, Head of Business Operation - Automobiles Business & Director
AGE
59
TENURE
5 yrs

Kazuto Suzuki

TITLE
MD, Head of Business Operation - Motorcycles Business & Head of Business Operation - South America
AGE
58
TENURE
2.8 yrs

Yoshitaka Saito

TITLE
MD, Head of Purchasing
AGE
46
TENURE
6 yrs

Atsuhiro Mukoyama

TITLE
Head of Production Engineering
AGE
56
TENURE
5 yrs

Satoshi Nakaya

TITLE
Head of Business Operation - North America & Director
AGE
55
TENURE
7 yrs

Kenichi Inoue

TITLE
Head of Production - North America & Director
AGE
62
TENURE
5 yrs
Board of Directors Tenure

Average tenure and age of the F.C.C board of directors in years:

8.3
Average Tenure
58.5
Average Age
  • The tenure for the F.C.C board of directors is about average.
Board of Directors

Toshimichi Matsuda

TITLE
President & Representative Director
AGE
67
TENURE
18.8 yrs

Ryujiro Matsumoto

TITLE
Chief Information Officer
AGE
57
TENURE
8.8 yrs

Kazuhiro Itonaga

TITLE
MD, Head of Business Operation - Automobiles Business & Director
AGE
59
TENURE
10.8 yrs

Kazuto Suzuki

TITLE
MD, Head of Business Operation - Motorcycles Business & Head of Business Operation - South America
AGE
58
TENURE
9.8 yrs

Yoshitaka Saito

TITLE
MD, Head of Purchasing
AGE
46
TENURE
8.8 yrs

Atsuhiro Mukoyama

TITLE
Head of Production Engineering
AGE
56
TENURE
7.8 yrs

Satoshi Nakaya

TITLE
Head of Business Operation - North America & Director
AGE
55
TENURE
7.8 yrs

Kenichi Inoue

TITLE
Head of Production - North America & Director
AGE
62
TENURE
6.8 yrs

Hiromichi Suzuki

TITLE
Director
AGE
67
TENURE
3.8 yrs

Katsuyoshi Fukatsu

TITLE
Director
AGE
65
TENURE
5.8 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 F.C.C'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. F.C.C 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.

FCV News

Simply Wall St News

FCV Company Info

Description

F.C.C. Co., Ltd. manufactures and sells clutches, facings, and catalysts for automobiles, motorcycles, and general-purpose machinery in Japan, the United States, Indonesia, India, Thailand, China, Brazil, and Vietnam. It operates through two segments, Motorcycle Clutches and Automobile Clutches. The company’s clutches for motorcycles comprise wet-type multi-disc, wet-type multi-disc assisted and slipper, wet-type and dry centrifugal, and racing clutches, as well as pulleys for belt converters for use in motorcycles, scooters, road sports bikes, all-terrain vehicles (ATVs), and racing vehicles. Its automobiles clutches include automatic transmission, CVT, torque converter lockup, manual transmission, and 4WD vehicle clutches. In addition, the company’s general-purpose clutches consist of FCCTRAC, a cam-type torque-sensitive limited slip differential for four-wheel ATVs; and hydraulic static transmissions for snow throwers and lawn mowers. It is also involved in the manufacture and sale of components and parts for motorcycles and automobiles. The company was formerly known as Fuji Chemical Co., Ltd. and changed its name to F.C.C. Co., Ltd. in July 1984. F.C.C. Co., Ltd. was founded in 1939 and is headquartered in Hamamatsu, Japan.

Details
Name: F.C.C. Co., Ltd.
FCV
Exchange: DB
Founded: 1939
¥614,580,609
49,687,961
Website: http://www.fcc-net.co.jp
Address: F.C.C. Co., Ltd.
7000-36 Nakagawa,
Hosoe-cho,
Hamamatsu,
Shizuoka, 431-1394,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7296 Common Stock The Tokyo Stock Exchange JP JPY 24. Aug 1994
DB FCV Common Stock Deutsche Boerse AG DE EUR 24. Aug 1994
Number of employees
Current staff
Staff numbers
8,829
F.C.C employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:32
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/12
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.