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Furukawa Electric

DB:FKA
Snowflake Description

Very undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FKA
DB
¥139B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Furukawa Electric Co., Ltd. manufactures and sells telecommunications, energy, automobile, electronic parts, and construction products worldwide. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Furukawa Electric has significant price volatility in the past 3 months.
FKA Share Price and Events
7 Day Returns
-4.7%
DB:FKA
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-31.3%
DB:FKA
-8.2%
DE Electrical
-17.5%
DE Market
FKA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Furukawa Electric (FKA) -4.7% -15.6% -28.3% -31.3% -53.7% 3.8%
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
  • FKA underperformed the Electrical industry which returned -8.2% over the past year.
  • FKA underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
FKA
Industry
5yr Volatility vs Market

Value

 Is Furukawa 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 Furukawa 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 Furukawa Electric.

DB:FKA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
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:FKA
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%) (188.58%))
2.056
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.33%)
12.27%

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

The calculations below outline how an intrinsic value for Furukawa 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:FKA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.27%)
2020 12,825.00 Analyst x4 11,423.35
2021 12,125.00 Analyst x4 9,619.54
2022 175.00 Analyst x4 123.67
2023 3,833.33 Analyst x3 2,412.80
2024 7,100.00 Analyst x3 3,980.52
2025 21,000.00 Analyst x1 10,486.65
2026 33,008.40 Est @ 57.18% 14,681.77
2027 46,182.37 Est @ 39.91% 18,296.43
2028 59,030.63 Est @ 27.82% 20,830.70
2029 70,457.47 Est @ 19.36% 22,145.72
Present value of next 10 years cash flows ¥114,001.00
DB:FKA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥70,457.47 × (1 + -0.39%) ÷ (12.27% – -0.39%)
¥554,365.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥554,365.63 ÷ (1 + 12.27%)10
¥174,244.50
DB:FKA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥114,001.00 + ¥174,244.50
¥288,245.50
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥288,245.50 / 70.49
¥4089.33
DB:FKA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FKA represents 0.00824x of TSE:5801
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00824x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,089.33 x 0.00824
€33.71
Value per share (EUR) From above. €33.71
Current discount Discount to share price of €16.20
= -1 x (€16.20 - €33.71) / €33.71
51.9%

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

Current Discount
Amount off the current price Furukawa Electric is available for.
Intrinsic value
>50%
Share price is €16.2 vs Future cash flow value of €33.71
Current Discount Checks
For Furukawa Electric to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Furukawa Electric's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Furukawa 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 Furukawa Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Furukawa Electric's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FKA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥253.51
TSE:5801 Share Price ** TSE (2020-03-31) in JPY ¥1965
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 Furukawa Electric.

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

= TSE:5801 Share Price ÷ EPS (both in JPY)

= 1965 ÷ 253.51

7.75x

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

  • Furukawa Electric is good value based on earnings compared to the DE Electrical industry average.
  • Furukawa Electric is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Furukawa Electric's expected growth come at a high price?
Raw Data
DB:FKA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
12.8%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:FKA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.75x ÷ 12.8%

0.6x

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

  • Furukawa Electric is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Furukawa Electric's assets?
Raw Data
DB:FKA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥3,544.91
TSE:5801 Share Price * TSE (2020-03-31) in JPY ¥1965
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:FKA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5801 Share Price ÷ Book Value per Share (both in JPY)

= 1965 ÷ 3,544.91

0.55x

* Primary Listing of Furukawa Electric.

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

  • Furukawa Electric is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Furukawa 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. Furukawa 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.

Future Performance

 How is Furukawa Electric expected to perform in the next 1 to 3 years based on estimates from 7 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
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Furukawa Electric expected to grow at an attractive rate?
  • Furukawa Electric's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Furukawa Electric's earnings growth is positive but not above the Germany market average.
  • Furukawa Electric's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FKA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FKA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 12.8%
DB:FKA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 0.9%
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:FKA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FKA Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-03-31 920,000 63,000 21,500 1
2024-03-31 926,867 50,767 19,167 3
2023-03-31 906,433 47,167 17,367 3
2022-03-31 887,864 41,925 16,483 6
2021-03-31 861,219 49,625 12,915 7
2020-04-01
2020-03-31 893,600 59,325 9,750 6
DB:FKA Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 929,119 17,869
2019-09-30 959,353 47,084 25,356
2019-06-30 977,034 28,067
2019-03-31 991,590 46,460 29,108
2018-12-31 1,002,579 18,007
2018-09-30 997,253 47,799 16,691
2018-06-30 983,216 25,018
2018-03-31 967,333 38,429 28,547
2017-12-31 941,794 27,904
2017-09-30 903,292 25,236 32,595
2017-06-30 872,104 22,104
2017-03-31 843,344 40,402 17,570

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Furukawa Electric's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Furukawa Electric's revenue is expected to grow by 0.9% 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:FKA 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 7 Analyst Estimates (S&P Global) See Below

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

DB:FKA Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-03-31 305.00 305.00 305.00 1.00
2024-03-31 271.91 303.60 221.32 3.00
2023-03-31 246.38 268.10 208.55 3.00
2022-03-31 233.69 359.39 198.62 6.00
2021-03-31 183.12 287.36 113.50 7.00
2020-04-01
2020-03-31 138.33 143.29 127.68 6.00
DB:FKA Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 253.51
2019-09-30 359.73
2019-06-30 398.19
2019-03-31 412.97
2018-12-31 255.48
2018-09-30 236.81
2018-06-30 354.96
2018-03-31 405.04
2017-12-31 395.93
2017-09-30 462.50
2017-06-30 313.60
2017-03-31 249.16

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

Past Performance

  How has Furukawa 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 Furukawa 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.
  • Furukawa Electric has delivered over 20% year on year earnings growth in the past 5 years.
  • Furukawa Electric's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Furukawa Electric's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
Furukawa 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 Furukawa Electric Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FKA Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 929,119.00 17,869.00 106,862.00 17,258.00
2019-09-30 959,353.00 25,356.00 107,302.00 17,258.00
2019-06-30 977,034.00 28,067.00 106,324.00 17,258.00
2019-03-31 991,590.00 29,108.00 106,343.00 17,258.00
2018-12-31 1,002,579.00 18,007.00 107,384.00 15,504.00
2018-09-30 997,253.00 16,691.00 104,974.00 15,504.00
2018-06-30 983,216.00 25,018.00 103,887.00 15,504.00
2018-03-31 967,333.00 28,547.00 103,024.00 15,504.00
2017-12-31 941,794.00 27,904.00 104,987.00 13,934.00
2017-09-30 903,292.00 32,595.00 103,013.00 13,934.00
2017-06-30 872,104.00 22,104.00 100,909.00 13,934.00
2017-03-31 843,344.00 17,570.00 99,152.00 13,934.00
2016-12-31 834,952.00 22,772.00 97,479.00 13,901.00
2016-09-30 844,298.00 14,714.00 97,681.00 13,901.00
2016-06-30 857,028.00 12,360.00 97,509.00 13,901.00
2016-03-31 874,879.00 10,007.00 96,882.00 13,901.00
2015-12-31 880,329.00 10,738.00 95,720.00 13,983.00
2015-09-30 881,100.00 8,163.00 94,073.00 13,983.00
2015-06-30 877,589.00 7,218.00 92,994.00 13,983.00
2015-03-31 867,817.00 7,355.00 91,865.00 13,983.00
2014-12-31 870,930.00 1,299.00 89,626.00 14,198.00
2014-09-30 862,576.00 4,435.00 89,470.00 14,198.00
2014-06-30 899,204.00 4,354.00 93,792.00 14,198.00
2014-03-31 931,781.00 5,608.00 97,719.00 14,198.00
2013-12-31 950,064.00 6,504.00 101,180.00 20,211.00
2013-09-30 960,359.00 3,286.00 102,967.00 20,211.00
2013-06-30 938,688.00 4,361.00 100,868.00 20,211.00

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

Health

 How is Furukawa 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 Furukawa Electric's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Furukawa Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Furukawa Electric's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Furukawa 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 1.5x 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 Electric Company Filings, last reported 3 months ago.

DB:FKA Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 282,634.00 261,197.00 39,560.00
2019-09-30 277,242.00 250,246.00 41,096.00
2019-06-30 275,581.00 251,882.00 43,953.00
2019-03-31 279,910.00 246,008.00 46,999.00
2018-12-31 274,615.00 257,655.00 46,885.00
2018-09-30 274,870.00 263,803.00 47,942.00
2018-06-30 266,924.00 250,299.00 41,156.00
2018-03-31 272,069.00 258,506.00 50,635.00
2017-12-31 278,108.00 273,766.00 52,140.00
2017-09-30 262,171.00 269,166.00 53,093.00
2017-06-30 239,722.00 273,365.00 43,263.00
2017-03-31 237,050.00 252,544.00 47,219.00
2016-12-31 224,699.00 258,549.00 55,997.00
2016-09-30 200,250.00 247,908.00 46,901.00
2016-06-30 193,774.00 248,517.00 37,579.00
2016-03-31 198,587.00 257,845.00 52,519.00
2015-12-31 208,950.00 272,917.00 33,250.00
2015-09-30 206,406.00 281,753.00 28,457.00
2015-06-30 213,465.00 292,887.00 24,805.00
2015-03-31 214,742.00 274,532.00 30,029.00
2014-12-31 214,828.00 310,521.00 27,897.00
2014-09-30 202,760.00 294,261.00 21,571.00
2014-06-30 198,047.00 297,897.00 29,684.00
2014-03-31 199,732.00 277,855.00 26,739.00
2013-12-31 206,593.00 300,958.00 26,572.00
2013-09-30 237,134.00 382,037.00 40,858.00
2013-06-30 232,474.00 362,743.00 35,546.00
  • Furukawa Electric's level of debt (92.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (144.4% vs 92.4% today).
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.2x coverage).
X
Financial health checks
We assess Furukawa 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. Furukawa Electric has a total score of 4/6, 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 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
4.33%
Current annual income from Furukawa Electric dividends. Estimated to be 4.4% next year.
If you bought €2,000 of Furukawa Electric shares you are expected to receive €87 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 Electric's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Furukawa 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:FKA 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 7 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:FKA Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2025-03-31 85.00 1.00
2024-03-31 91.67 3.00
2023-03-31 90.00 3.00
2022-03-31 88.33 6.00
2021-03-31 81.14 7.00
2020-04-01
2020-03-31 85.00 7.00
DB:FKA Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 85.000 3.236
2019-05-14 85.000 2.912
2018-06-22 80.000 2.450
2018-05-09 80.000 1.840
2018-02-06 70.000 1.270
2017-08-02 60.000 0.996
2017-06-22 60.000 1.184
2017-05-10 60.000 1.223
2016-06-27 40.000 1.235
2016-05-11 40.000 1.550
2016-02-04 40.000 1.592
2015-11-04 40.000 1.559
2015-06-24 40.000 1.943
2015-05-11 40.000 1.695
2014-06-25 30.000 1.453
2014-05-09 30.000 1.401
2013-06-25 30.000 1.268
2013-05-09 30.000 1.211
2013-02-08 30.000 1.381
2013-02-06 30.000 1.463
2012-08-02 30.000 1.852
2012-06-26 30.000 1.773
2012-05-10 30.000 1.708
2012-02-07 25.000 1.151
2011-08-04 55.000 2.686
2011-05-10 55.000 1.746
2011-02-10 60.000 1.832
2011-02-08 60.000 1.569
2010-11-11 50.000 1.371
2010-11-08 60.000 1.805
2010-08-05 55.000 1.720
2010-06-29 55.000 1.420
2010-05-10 55.000 1.375
2010-02-10 50.000 1.081
2010-02-08 50.000 1.191
2009-11-06 50.000 1.297
2009-08-05 50.000 1.281
2009-05-08 50.000 1.301

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Furukawa 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 Furukawa 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 Furukawa Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Furukawa Electric has a total score of 3/6, 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 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
Keiichi Kobayashi
AGE 60
CEO Bio

Mr. Keiichi Kobayashi has been the President at Furukawa Electric Co., Ltd. since April 1, 2017 and serves as its Chief Executive Officer. Mr. Kobayashi served as Corporate Executive Vice President and General Manager of Global Marketing Sales Division at Furukawa Electric Co., Ltd. since May 24, 2016 until April 1, 2017. Mr. Kobayashi served as Corporate Senior Vice President, General Manager of The Copper & High Performance Material Products Division, Head of Copper Recovery Project Team In The Said Division and Advisor of The Electronics & Automotive Systems at Furukawa Electric Co., Ltd. Mr. Kobayashi served as Head of the Production System Department Team, Corporate Vice President and General Manager of Production & Sales Management Department - Snow Disaster Recovery Division of Furukawa Electric Co., Ltd. Mr. Kobayashi has been a Representative Director of Furukawa Electric Co., Ltd. since June 2015.

CEO Compensation
  • Insufficient data for Keiichi to compare compensation growth.
  • Insufficient data for Keiichi 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 Electric management team in years:

1.8
Average Tenure
60
Average Age
  • The average tenure for the Furukawa Electric management team is less than 2 years, this suggests a new team.
Management Team

Keiichi Kobayashi

TITLE
President
AGE
60

Akihiro Fukunaga

TITLE
Corporate VP
AGE
55
TENURE
0.8 yrs

Hiroshi Kawaguchi

TITLE
Corporate EVP
TENURE
1.3 yrs

Masako Tanaka

TITLE
Corporate VP
AGE
61
TENURE
2.3 yrs

Takamitsu Kozuka

TITLE
Corporate EVP and GM of Industrial Cable & Power Cable Accessories Division
AGE
61

Foad Shaikhzadeh

TITLE
Corporate Senior Vice President
TENURE
3.9 yrs

Hiroyuki Ogiwara

TITLE
Chief of Transformation Division
AGE
58
TENURE
1 yrs

Takahide Kimura

TITLE
Corporate Executive VP & GM of Communications Solutions Division
AGE
61
TENURE
5 yrs

Osamu Kuroda

TITLE
Managing Executive Officer
AGE
60
TENURE
2.8 yrs

Ryoji Ono

TITLE
Corporate Senior VP & GM of Functional Components Division
TENURE
1.3 yrs
Board of Directors Tenure

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

3.8
Average Tenure
60
Average Age
  • The tenure for the Furukawa Electric board of directors is about average.
Board of Directors

Mitsuyoshi Shibata

TITLE
Chairman of the Board
AGE
66
TENURE
3 yrs

Keiichi Kobayashi

TITLE
President
AGE
60
TENURE
4.8 yrs

Akihiro Fukunaga

TITLE
Corporate VP
AGE
55
TENURE
1.3 yrs

Hiroyuki Ogiwara

TITLE
Chief of Transformation Division
AGE
58
TENURE
5.8 yrs

Osamu Kuroda

TITLE
Managing Executive Officer
AGE
60
TENURE
2.8 yrs

Ken Maki

TITLE
Corporate VP
AGE
59
TENURE
1.8 yrs

Satoshi Miyamoto

TITLE
MD of General Affairs and CSR Division & Director
AGE
57

Sumitaka Fujita

TITLE
External Director
AGE
77
TENURE
11.8 yrs

Osamu Tsukamoto

TITLE
External Director
AGE
66
TENURE
6.8 yrs

Akira Nakamoto

TITLE
External Director
AGE
74
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 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. Furukawa 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.

News

Simply Wall St News

Company Info

Description

Furukawa Electric Co., Ltd. manufactures and sells telecommunications, energy, automobile, electronic parts, and construction products worldwide. The company offers telecommunications products, such as broadband systems, routers/network equipment, and wireless products; and optical fiber cables and identifiers, optical closures/termination boxes, optical connectors/cords, fusion splicers/optical connecting tools, optical fiber line monitoring/management systems, optical component/devices, and metal communication cables, as well as wiring materials. It also offers energy products, including power cables, cable-related equipment/connection and terminal products, industrial machine-related equipment, fire-prevention products, electrical conductors, power distribution products, and cable conduit materials; and automobile products comprising wire harnesses, connectors, functional products and materials, and interior finishing materials. In addition, the company provides electronics parts materials, fluorescent lamps, and LED reflectors, as well as healthcare products, such as polyimide tubes and shape memory/super-elastic alloys; construction products, including water distribution piping and fluid transport piping products, heat insulators, and cable-related equipment/connection and terminal products; and superconducting cables, industrial lasers, single cell hunters, flow cytometers, and fluorescent silica nanoparticles. Furukawa Electric Co., Ltd. was founded in 1884 and is headquartered in Tokyo, Japan.

Details
Name: Furukawa Electric Co., Ltd.
FKA
Exchange: DB
Founded: 1884
¥1,171,370,414
70,487,263
Website: http://www.furukawa.co.jp
Address: Furukawa Electric Co., Ltd.
Marunouchi Nakadori Building,
2-3, Marunouchi 2-chome,
Tokyo,
100-8322,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5801 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK FUWA.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB FKA Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK FUWA.Y ADR Pink Sheets LLC US USD 26. Jun 1992
Number of employees
Current staff
Staff numbers
52,215
Furukawa Electric employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 03:09
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/10
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.