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Fuji Electric

DB:FJE
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FJE
DB
¥350B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Fuji Electric Co., Ltd., together with its subsidiaries, operates in the power electronics systems, power and new energy, electronic devices, and food and beverage distribution businesses worldwide. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Fuji Electric has significant price volatility in the past 3 months.
FJE Share Price and Events
7 Day Returns
14.8%
DB:FJE
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-21.6%
DB:FJE
-8.2%
DE Electrical
-17.5%
DE Market
FJE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fuji Electric (FJE) 14.8% -16.5% -25.2% -21.6% -25.2% -7.3%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • FJE underperformed the Electrical industry which returned -8.2% over the past year.
  • FJE underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
FJE
Industry
5yr Volatility vs Market

FJE Value

 Is Fuji Electric 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 Fuji Electric 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 Fuji Electric.

DB:FJE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
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:FJE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 30.86%) (45.63%))
1.316
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.316 * 6.33%)
7.94%

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

The calculations below outline how an intrinsic value for Fuji Electric 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:FJE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.94%)
2020 29,864.33 Analyst x3 27,667.90
2021 29,894.50 Analyst x4 25,658.91
2022 36,480.50 Analyst x4 29,008.89
2023 53,057.00 Analyst x1 39,087.36
2024 59,233.00 Analyst x1 40,427.87
2025 63,350.83 Est @ 6.95% 40,058.33
2026 66,359.57 Est @ 4.75% 38,874.74
2027 68,488.08 Est @ 3.21% 37,170.84
2028 69,945.69 Est @ 2.13% 35,169.95
2029 70,905.90 Est @ 1.37% 33,030.61
Present value of next 10 years cash flows ¥346,155.00
DB:FJE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥70,905.90 × (1 + -0.39%) ÷ (7.94% – -0.39%)
¥848,039.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥848,039.18 ÷ (1 + 7.94%)10
¥395,048.23
DB:FJE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥346,155.00 + ¥395,048.23
¥741,203.23
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥741,203.23 / 142.84
¥5188.91
DB:FJE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FJE represents 0.00825x of TSE:6504
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00825x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 5,188.91 x 0.00825
€42.80
Value per share (EUR) From above. €42.80
Current discount Discount to share price of €20.20
= -1 x (€20.20 - €42.80) / €42.80
52.8%

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

Current Discount
Amount off the current price Fuji Electric is available for.
Intrinsic value
>50%
Share price is €20.2 vs Future cash flow value of €42.8
Current Discount Checks
For Fuji Electric to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fuji Electric's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fuji Electric'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 Fuji Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fuji Electric's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FJE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥239.32
TSE:6504 Share Price ** TSE (2020-03-31) in JPY ¥2449
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Fuji Electric.

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

= TSE:6504 Share Price ÷ EPS (both in JPY)

= 2449 ÷ 239.32

10.23x

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

  • Fuji Electric is good value based on earnings compared to the DE Electrical industry average.
  • Fuji Electric is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Fuji Electric's expected growth come at a high price?
Raw Data
DB:FJE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
10.7%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.23x ÷ 10.7%

0.96x

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

  • Fuji Electric is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Fuji Electric's assets?
Raw Data
DB:FJE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,538.28
TSE:6504 Share Price * TSE (2020-03-31) in JPY ¥2449
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:FJE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6504 Share Price ÷ Book Value per Share (both in JPY)

= 2449 ÷ 2,538.28

0.96x

* Primary Listing of Fuji Electric.

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

  • Fuji Electric is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Fuji Electric'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Fuji Electric has a total score of 6/6, 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.

FJE Future Performance

 How is Fuji Electric expected to perform in the next 1 to 3 years based on estimates from 8 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
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fuji Electric expected to grow at an attractive rate?
  • Fuji Electric's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Fuji Electric's earnings growth is positive but not above the Germany market average.
  • Fuji Electric's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FJE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FJE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 10.7%
DB:FJE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:FJE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FJE Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 976,500 91,273 52,300 2
2023-03-31 960,000 89,687 47,650 2
2022-03-31 956,568 74,676 44,651 8
2021-03-31 930,297 68,050 39,703 8
2020-03-31
2020-03-31 907,297 64,381 34,627 8
DB:FJE Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 904,397 34,185
2019-09-30 902,145 38,272 33,709
2019-06-30 895,110 37,420
2019-03-31 914,915 54,949 40,267
2018-12-31 914,550 40,754
2018-09-30 917,868 70,753 44,080
2018-06-30 915,806 42,006
2018-03-31 893,451 53,146 37,763
2017-12-31 883,632 49,433
2017-09-30 881,221 37,312 47,175
2017-06-30 846,170 42,831
2017-03-31 837,765 58,185 40,978

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fuji Electric's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Fuji Electric's revenue is expected to grow by 2% 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:FJE 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 8 Analyst Estimates (S&P Global) See Below

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

DB:FJE Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 366.12 385.03 347.20 2.00
2023-03-31 333.57 353.53 313.60 2.00
2022-03-31 315.03 336.00 291.90 9.00
2021-03-31 279.95 304.50 225.57 9.00
2020-03-31
2020-03-31 244.63 262.52 213.61 9.00
DB:FJE Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 239.32
2019-09-30 235.98
2019-06-30 261.96
2019-03-31 281.88
2018-12-31 285.29
2018-09-30 308.57
2018-06-30 294.04
2018-03-31 264.34
2017-12-31 346.02
2017-09-30 330.20
2017-06-30 299.79
2017-03-31 286.82

*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.
  • Fuji Electric is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fuji Electric'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.
Fuji Electric 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.

FJE Past Performance

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

DB:FJE Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 904,397.00 34,185.00 147,726.00 29,581.00
2019-09-30 902,145.00 33,709.00 146,053.00 29,581.00
2019-06-30 895,110.00 37,420.00 145,826.00 29,581.00
2019-03-31 914,915.00 40,267.00 146,005.00 29,581.00
2018-12-31 914,550.00 40,754.00 145,182.00 30,796.00
2018-09-30 917,868.00 44,080.00 145,846.00 30,796.00
2018-06-30 915,806.00 42,006.00 147,280.00 30,796.00
2018-03-31 893,451.00 37,763.00 144,869.00 30,796.00
2017-12-31 883,632.00 49,433.00 144,090.00 30,319.00
2017-09-30 881,221.00 47,175.00 143,559.00 30,319.00
2017-06-30 846,170.00 42,831.00 139,461.00 30,319.00
2017-03-31 837,765.00 40,978.00 138,365.00 30,319.00
2016-12-31 832,763.00 27,352.00 135,420.00 30,766.00
2016-09-30 810,787.00 26,496.00 133,573.00 30,766.00
2016-06-30 813,413.00 27,903.00 134,189.00 30,766.00
2016-03-31 813,550.00 30,644.00 134,542.00 30,766.00
2015-12-31 804,903.00 24,977.00 137,261.00 29,421.00
2015-09-30 819,658.00 30,174.00 136,889.00 29,421.00
2015-06-30 816,753.00 29,770.00 135,647.00 29,421.00
2015-03-31 810,678.00 27,978.00 133,094.00 29,421.00
2014-12-31 799,120.00 28,453.00 157,039.00
2014-09-30 776,763.00 21,227.00 127,737.00 25,969.00
2014-06-30 767,331.00 19,738.00 150,345.00
2014-03-31 759,911.00 19,582.00 120,949.00 25,969.00
2013-12-31 747,592.00 32,158.00 118,864.00 25,747.00
2013-09-30 740,434.00 34,339.00 115,262.00 25,747.00
2013-06-30 750,770.00 29,798.00 111,961.00 25,747.00

*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.
  • Fuji Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fuji Electric used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Fuji Electric's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fuji Electric'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 Electrical 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.
Fuji Electric has a total score of 1/6, 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.

FJE Health

 How is Fuji Electric'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 Fuji Electric's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fuji Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fuji Electric's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fuji Electric'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 4.7x 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 Fuji Electric Company Filings, last reported 3 months ago.

DB:FJE Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 401,892.00 159,630.00 31,173.00
2019-09-30 390,605.00 148,220.00 23,128.00
2019-06-30 383,179.00 142,444.00 25,128.00
2019-03-31 392,060.00 116,844.00 29,304.00
2018-12-31 359,568.00 164,948.00 25,909.00
2018-09-30 375,405.00 127,355.00 29,003.00
2018-06-30 360,902.00 141,269.00 28,563.00
2018-03-31 366,545.00 128,300.00 33,372.00
2017-12-31 349,538.00 180,717.00 30,480.00
2017-09-30 342,000.00 157,954.00 29,603.00
2017-06-30 329,551.00 175,614.00 28,810.00
2017-03-31 323,862.00 151,216.00 42,045.00
2016-12-31 283,010.00 211,344.00 32,889.00
2016-09-30 257,328.00 183,840.00 28,777.00
2016-06-30 242,816.00 195,556.00 27,841.00
2016-03-31 260,979.00 184,744.00 31,000.00
2015-12-31 299,397.00 214,153.00 31,178.00
2015-09-30 289,485.00 196,182.00 28,624.00
2015-06-30 311,589.00 206,404.00 28,890.00
2015-03-31 319,635.00 191,224.00 31,953.00
2014-12-31 262,047.00 214,384.00 28,800.00
2014-09-30 247,684.00 187,482.00 32,319.00
2014-06-30 242,671.00 191,643.00 24,286.00
2014-03-31 251,223.00 199,504.00 34,025.00
2013-12-31 241,576.00 218,663.00 27,738.00
2013-09-30 220,856.00 206,587.00 23,755.00
2013-06-30 220,732.00 210,058.00 23,127.00
  • Fuji Electric's level of debt (30.5%) 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 (68.6% vs 30.5% today).
  • Debt is well covered by operating cash flow (31.2%, greater than 20% of total debt).
  • Fuji Electric earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Fuji Electric'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. Fuji Electric 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.

FJE Dividends

 What is Fuji Electric'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
3.27%
Current annual income from Fuji Electric dividends. Estimated to be 3.85% next year.
If you bought €2,000 of Fuji Electric shares you are expected to receive €65 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?
  • Fuji Electric's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Fuji Electric's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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:FJE 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 8 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
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 5%

Industry and Market average data is calculated daily.

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

DB:FJE Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 112.50 2.00
2023-03-31 102.50 2.00
2022-03-31 95.00 9.00
2021-03-31 87.78 9.00
2020-03-31
2020-03-31 81.25 8.00
DB:FJE Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-14 80.000 2.596
2019-10-31 80.000 2.328
2019-06-25 80.000 2.386
2019-04-25 80.000 2.181
2019-02-14 80.000 2.356
2019-01-31 80.000 2.419
2018-11-14 80.000 2.393
2018-10-25 80.000 2.284
2018-06-26 80.000 1.892
2018-04-26 80.000 1.982
2018-02-14 60.000 1.594
2018-01-29 60.000 1.430
2017-11-14 60.000 1.414
2017-10-26 60.000 1.464
2017-06-27 60.000 1.948
2017-04-27 60.000 1.984
2017-02-14 50.000 1.578
2017-01-26 50.000 1.511
2016-11-14 50.000 1.675
2016-10-27 50.000 1.894
2016-06-24 50.000 2.178
2016-04-27 50.000 2.261
2016-02-12 50.000 2.588
2016-01-28 50.000 2.557
2015-10-29 50.000 1.940
2015-06-24 50.000 2.005
2015-04-27 50.000 1.752
2015-01-29 40.000 1.434
2014-10-31 40.000 1.626
2014-06-25 40.000 1.605
2014-05-07 40.000 1.750
2014-01-30 30.000 1.347
2013-10-24 30.000 1.287
2013-09-30 30.000 1.463
2013-04-25 30.000 1.656
2013-02-14 20.000 1.431
2013-02-01 20.000 1.600
2012-11-02 20.000 2.144
2012-06-26 20.000 2.359
2012-04-26 20.000 2.117
2012-02-14 20.000 1.907
2012-01-27 20.000 1.963
2011-11-16 20.000 1.833
2011-04-27 20.000 1.742
2011-02-14 20.000 1.556
2011-01-27 20.000 1.472
2010-11-15 20.000 1.663
2010-10-29 20.000 2.040
2010-06-24 7.500 0.677
2010-05-11 7.500 0.582
2010-02-15 0.000 0.000
2010-01-28 0.000 0.000
2009-11-13 0.000 0.000
2009-10-30 0.000 0.000
2009-08-12 0.000 0.000
2009-07-31 0.000 0.000
2009-06-24 0.000 0.000
2009-05-15 0.000 0.000

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 Fuji Electric's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x 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 Fuji Electric'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 Fuji Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fuji Electric 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.

FJE Management

 What is the CEO of Fuji Electric'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
Michihiro Kitazawa
CEO Bio

Mr. Michihiro Kitazawa serves as the President and Chairman of Fuji Electric Co., Ltd. and served as its Executive Vice President. Mr. Kitazawa serves as Representative Director of Fuji Electric Co., Ltd.

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

Average tenure of the Fuji Electric management team in years:

1.2
Average Tenure
  • The average tenure for the Fuji Electric management team is less than 2 years, this suggests a new team.
Management Team

Michihiro Kitazawa

TITLE
President & Chairman of the Board

Susumu Shinmura

TITLE
Executive Officer & Corporate GM of Sales Group
TENURE
1.2 yrs

Takeshi Kadoshima

TITLE
Executive Officer and GM of HR & General Affairs Office

Michio Abe

TITLE
Senior Managing Executive Officer & Director

Kenzo Sugai

TITLE
Executive VP
TENURE
1.2 yrs

Masatsugu Tomotaka

TITLE
Senior Managing Executive Officer & Director
TENURE
1.2 yrs

Kenji Goto

TITLE
Executive Officer & Deputy Corporate GM of Power Electronics Systems Energy Business Group
TENURE
1.2 yrs

Masahiro Morimoto

TITLE
Executive Officer & Corporate GM of Power Electronics Systems Energy Business Group
TENURE
3.8 yrs

Toru Housen

TITLE
Managing Executive Officer & Corporate GM of Electronic Devices Business Group
TENURE
2.8 yrs

Shiro Kondo

TITLE
Executive Officer and Corporate General Manager of Corporate R&D Headquarters
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure of the Fuji Electric board of directors in years:

3.7
Average Tenure
  • The tenure for the Fuji Electric board of directors is about average.
Board of Directors

Michihiro Kitazawa

TITLE
President & Chairman of the Board

Michio Abe

TITLE
Senior Managing Executive Officer & Director

Kenzo Sugai

TITLE
Executive VP

Masatsugu Tomotaka

TITLE
Senior Managing Executive Officer & Director
TENURE
3.7 yrs

Junichi Arai

TITLE
Managing Exec. Officer
TENURE
3.7 yrs

Toshihito Tamba

TITLE
Outside Director
TENURE
3.7 yrs

Naoomi Tachikawa

TITLE
Outside Director
TENURE
3.7 yrs

Yoshitsugu Hayashi

TITLE
Outside Director
TENURE
2.7 yrs

Junichi Matsumoto

TITLE
Standing Auditor
TENURE
2.7 yrs

Yoshio Okuno

TITLE
Standing Auditor
TENURE
3.7 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 Fuji Electric'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. Fuji Electric 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.

FJE News

Simply Wall St News

FJE Company Info

Description

Fuji Electric Co., Ltd., together with its subsidiaries, operates in the power electronics systems, power and new energy, electronic devices, and food and beverage distribution businesses worldwide. It offers AC drives, motors, and servo systems; semiconductors, photoconductors, and storage devices; uninterruptible power systems, solar inverters, data centers, rectifiers, and formers; instrumentation products and sensors, and radiation monitoring systems; factory automation Systems; and LV and MV distributions, motor controls, and energy control equipment. The company also provides oil-immersed transformers, shunt reactors, cast resin transformers, gas insulated switchgears, MV and LV switchgears and control centers, vacuum circuit breakers, and pure water vaporization cooling silicon rectifiers; tunnel ventilation systems, marine environment protection systems, and electrical equipment for railcars; thermal, geothermal, nuclear, and fuel cell power generation equipment and plants; power system simulators; system solutions; and service solutions and after sales services, as well as upgrade services for equipment. In addition, it offers multipurpose vending machines, can vending machines, coin mechanisms, and bill validators. The company was formerly known as Fuji Electric Holdings Co., Ltd. and changed its name to Fuji Electric Co., Ltd. in 2011. Fuji Electric Co., Ltd. was founded in 1923 and is headquartered in Tokyo, Japan.

Details
Name: Fuji Electric Co., Ltd.
FJE
Exchange: DB
Founded: 1923
¥2,934,137,810
142,843,638
Website: http://www.fujielectric.co.jp
Address: Fuji Electric Co., Ltd.
Gate City Ohsaki,
East Tower,
Tokyo,
141-0032,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6504 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK FELT.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB FJE Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK FELT.Y UNSPONSORD ADR Pink Sheets LLC US USD 31. Oct 2008
Number of employees
Current staff
Staff numbers
27,416
Fuji Electric employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:50
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/14
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.