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Forval Telecom

DB:FVM
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FVM
DB
¥4B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Forval Telecom, Inc. provides various telecommunications carrier services in Japan. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Forval Telecom has significant price volatility in the past 3 months.
FVM Share Price and Events
7 Day Returns
-0.9%
DB:FVM
0.7%
DE Telecom
-0.6%
DE Market
1 Year Returns
-24%
DB:FVM
-22.4%
DE Telecom
-20.9%
DE Market
FVM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Forval Telecom (FVM) -0.9% -31.9% -40.1% -24% -29.6% -29.4%
DE Telecom 0.7% -17.7% -18.7% -22.4% -31.8% -37.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • FVM underperformed the Telecom industry which returned -22.4% over the past year.
  • FVM underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
FVM
Industry
5yr Volatility vs Market

FVM Value

 Is Forval Telecom 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 Forval Telecom 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 Forval Telecom.

DB:FVM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in JPY ¥ 17.000000
Payout Ratio Company Filings (2019-12-31) 4818.2%
Discount Rate (Cost of Equity) See below 4.7%
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:FVM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.355 (1 + (1- 30.86%) (102.29%))
0.736
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 6.33%)
4.67%

Discounted Cash Flow Calculation for DB:FVM using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Forval Telecom is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:FVM Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥17 / (4.67% - -0.39%)
¥0.02
DB:FVM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FVM represents 0.00823x of TSE:9445
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00823x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 335.70 x 0.00823
€2.76
Value per share (EUR) From above. €2.76
Current discount Discount to share price of €2.18
= -1 x (€2.18 - €2.76) / €2.76
21.1%

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

Current Discount
Amount off the current price Forval Telecom is available for.
Intrinsic value
21%
Share price is €2.18 vs Future cash flow value of €2.76
Current Discount Checks
For Forval Telecom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Forval Telecom's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Forval Telecom's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Forval Telecom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Forval Telecom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FVM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥40.68
TSE:9445 Share Price ** TSE (2020-04-06) in JPY ¥265
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 16.48x
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 Forval Telecom.

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

= TSE:9445 Share Price ÷ EPS (both in JPY)

= 265 ÷ 40.68

6.52x

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

  • Forval Telecom is good value based on earnings compared to the Europe Telecom industry average.
  • Forval Telecom is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Forval Telecom's expected growth come at a high price?
Raw Data
DB:FVM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Telecom Industry PEG Ratio Median Figure of 34 Publicly-Listed Telecom Companies 1.34x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Forval Telecom, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Forval Telecom's assets?
Raw Data
DB:FVM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥180.13
TSE:9445 Share Price * TSE (2020-04-06) in JPY ¥265
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:FVM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9445 Share Price ÷ Book Value per Share (both in JPY)

= 265 ÷ 180.13

1.47x

* Primary Listing of Forval Telecom.

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

  • Forval Telecom is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Forval Telecom'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check)
  5. Forval Telecom has a total score of 3/6, 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.

FVM Future Performance

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

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

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.7%
Expected Telecom industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Forval Telecom expected to grow at an attractive rate?
  • Unable to compare Forval Telecom's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Forval Telecom's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Forval Telecom's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:FVM Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.7%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
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:FVM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FVM Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:FVM Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 20,763 679
2019-09-30 20,108 -424 659
2019-06-30 19,176 633
2019-03-31 18,347 -999 589
2018-12-31 17,546 592
2018-09-30 16,687 -1,103 564
2018-06-30 16,052 491
2018-03-31 15,683 507 484
2017-12-31 15,589 465
2017-09-30 15,365 692 463
2017-06-30 15,121 430
2017-03-31 15,049 286 462

*GAAP earnings excluding extraordinary items.

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

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

DB:FVM Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:FVM Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 40.68
2019-09-30 39.48
2019-06-30 37.92
2019-03-31 35.28
2018-12-31 35.46
2018-09-30 33.79
2018-06-30 29.41
2018-03-31 28.99
2017-12-31 27.86
2017-09-30 27.74
2017-06-30 25.76
2017-03-31 27.68

*GAAP earnings excluding extraordinary items.

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

Next steps:

  1. Examine whether Forval Telecom is trading at Forval Telecom'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Forval Telecom's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Telecom companies here
  3. Forval Telecom's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Forval Telecom'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.
Forval Telecom has a total score of 0/6, see the detailed checks below.

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

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

FVM Past Performance

  How has Forval Telecom 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 Forval Telecom's growth in the last year to its industry (Telecom).
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.
  • Forval Telecom's year on year earnings growth rate has been positive over the past 5 years.
  • Forval Telecom's 1-year earnings growth exceeds its 5-year average (14.7% vs 14.6%)
  • Forval Telecom's earnings growth has exceeded the Europe Telecom industry average in the past year (14.7% vs 10.4%).
Earnings and Revenue History
Forval Telecom'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 Forval Telecom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FVM 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 20,763.00 679.00 5,561.00
2019-09-30 20,108.00 659.00 5,370.00
2019-06-30 19,176.00 633.00 5,169.00
2019-03-31 18,347.00 589.00 4,905.00
2018-12-31 17,546.00 592.00 4,632.00
2018-09-30 16,687.00 564.00 4,401.00
2018-06-30 16,052.00 491.00 4,218.00
2018-03-31 15,683.00 484.00 4,091.00
2017-12-31 15,589.00 465.00 4,077.00
2017-09-30 15,365.00 463.00 4,009.00
2017-06-30 15,121.00 430.00 3,983.00
2017-03-31 15,049.00 462.00 3,939.00
2016-12-31 14,682.00 406.00 3,806.00
2016-09-30 14,446.00 399.00 3,779.00
2016-06-30 14,304.00 454.00 3,659.00
2016-03-31 13,842.00 441.00 3,510.00
2015-12-31 13,528.00 381.00 3,391.00
2015-09-30 13,073.00 372.00 3,080.00
2015-06-30 12,650.00 326.00 2,794.00
2015-03-31 12,385.00 305.00 2,548.00
2014-12-31 12,091.00 308.00 2,362.00
2014-09-30 12,113.00 311.00 2,270.00
2014-06-30 12,041.00 243.00 2,205.00
2014-03-31 12,145.00 272.00 2,132.00
2013-12-31 12,106.00 267.00 2,058.00
2013-09-30 12,089.00 301.00 1,990.00
2013-06-30 12,084.00 354.00 1,942.00

*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.
  • Whilst Forval Telecom has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Forval Telecom used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Forval Telecom has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Forval Telecom'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 Telecom 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.
Forval Telecom has a total score of 5/6, 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.

FVM Health

 How is Forval Telecom'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 Forval Telecom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Forval Telecom's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Forval Telecom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Forval Telecom'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x 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 Forval Telecom Company Filings, last reported 3 months ago.

DB:FVM Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,018.00 4,525.00 1,126.00
2019-09-30 2,989.00 4,454.00 886.00
2019-06-30 2,799.00 4,481.00 1,129.00
2019-03-31 2,824.00 4,112.00 1,484.00
2018-12-31 2,622.00 4,521.00 1,085.00
2018-09-30 2,612.00 3,940.00 1,343.00
2018-06-30 2,448.00 2,115.00 976.00
2018-03-31 2,483.00 1,770.00 951.00
2017-12-31 2,283.00 1,885.00 1,110.00
2017-09-30 2,302.00 1,200.00 945.00
2017-06-30 2,212.00 1,400.00 834.00
2017-03-31 2,253.00 1,400.00 995.00
2016-12-31 2,067.00 1,500.00 856.00
2016-09-30 2,088.00 1,200.00 676.00
2016-06-30 2,030.00 1,400.00 812.00
2016-03-31 2,040.00 1,250.00 971.00
2015-12-31 1,911.00 1,305.00 1,057.00
2015-09-30 1,939.00 1,227.00 1,035.00
2015-06-30 1,824.00 1,007.00 806.00
2015-03-31 1,848.00 666.00 858.00
2014-12-31 1,778.00 370.00 736.00
2014-09-30 1,814.00 372.00 1,007.00
2014-06-30 1,748.00 479.00 812.00
2014-03-31 1,791.00 509.00 894.00
2013-12-31 1,719.00 841.00 1,113.00
2013-09-30 1,751.00 500.00 866.00
2013-06-30 1,753.00 539.00 927.00
  • Forval Telecom's level of debt (149.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.6% vs 149.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 36.2x coverage).
X
Financial health checks
We assess Forval Telecom'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. Forval Telecom has a total score of 2/6, 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.

FVM Dividends

 What is Forval Telecom'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
6.42%
Current annual income from Forval Telecom dividends.
If you bought €2,000 of Forval Telecom shares you are expected to receive €128 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?
  • Forval Telecom's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Forval Telecom's dividend is above 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:FVM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
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:FVM Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:FVM Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-19 17.000 4.368
2019-05-15 17.000 4.716
2018-06-20 15.000 3.931
2017-06-21 15.000 3.733
2017-05-12 15.000 3.719
2016-06-22 15.000 4.008
2016-05-13 15.000 4.190
2015-06-19 15.000 3.944
2015-05-14 15.000 3.715
2014-06-20 15.000 4.018
2014-05-13 15.000 4.652
2013-06-21 15.000 4.694
2013-05-13 15.000 4.627
2012-06-22 15.000 5.547
2012-05-17 15.000 6.367
2012-02-14 15.000 6.121
2011-11-14 15.000 6.445
2011-08-12 15.000 6.479
2011-06-24 15.000 6.197
2011-05-19 15.000 6.634
2011-02-14 15.000 6.248
2010-06-25 15.000 6.986
2010-06-11 15.000 7.161
2010-05-20 15.000 7.593
2009-11-12 15.000 7.503
2009-06-25 15.000 6.958
2009-05-20 15.000 7.939

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 Forval Telecom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x 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 Forval Telecom'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 Forval Telecom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Forval Telecom has a total score of 5/6, see the detailed checks below.


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

FVM Management

 What is the CEO of Forval Telecom'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
Tsuyoshi Tanii
AGE 54
TENURE AS CEO 13 years
CEO Bio

Mr. Tsuyoshi Tanii has been the President of Forval Telecom, Inc. since April 2007. Mr. Tanii has been the President of Tact System Co., Ltd. since April 2008. He has been the President of Try-X Corporation and K.K. Shinei since June 2008. Mr. Tanii has been the President of K.K. White Business Initiative since October 2008. He served as General Manager of Business Supervision at Forval Telecom, Inc and served as its General Manager Business Integration Division. He joined Forval Telecom, Inc. and served as its General Manager, Administration Division since May 2000 and Managing Director since June 2006. Mr. Tanii has been the Chairman of the Board of Directors, K.K. Shinei since June 2007. He served as Chairman of Try-X Corporation since September 2006. He has been a Representative Director of Forval Telecom, Inc. since April 2007. Mr. Tanii has been Representative Director of Tact System Co., Ltd. since April 2008. He has been Representative Director of Try-X Corporation and K.K. Shinei since June 2008. He has been Representative Director of K.K. White Business Initiative since October 2008. He previously served as a Director of Forval Telecom, Inc. since June 2000.

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

Average tenure and age of the Forval Telecom management team in years:

13
Average Tenure
57
Average Age
  • The average tenure for the Forval Telecom management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tsuyoshi Tanii

TITLE
President and Representative Director
AGE
54
TENURE
13 yrs

Tadayuki Yamamoto

TITLE
General Manager of Corporate Management Division and Director
AGE
57
TENURE
13.8 yrs

Kiyoharu Kajino

TITLE
General Manager of Business Division and Director
AGE
59
TENURE
7 yrs

Hiroshitake Kobayashi

TITLE
Director

Yasunori Umebayashi

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Forval Telecom board of directors in years:

12.9
Average Tenure
59
Average Age
  • The average tenure for the Forval Telecom board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tsuyoshi Tanii

TITLE
President and Representative Director
AGE
54
TENURE
13 yrs

Tadayuki Yamamoto

TITLE
General Manager of Corporate Management Division and Director
AGE
57
TENURE
13.8 yrs

Kiyoharu Kajino

TITLE
General Manager of Business Division and Director
AGE
59
TENURE
18.2 yrs

Hiroshitake Kobayashi

TITLE
Director
TENURE
0.8 yrs

Koji Kato

TITLE
Director
AGE
60
TENURE
12.8 yrs

Tatsuya Yuki

TITLE
Director
AGE
55
TENURE
6.8 yrs

Isamu Hashimoto

TITLE
External Director
AGE
74

Yoshiyuki Wada

TITLE
External Director
AGE
68
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 Forval Telecom'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. Forval Telecom 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.

FVM News

Simply Wall St News

FVM Company Info

Description

Forval Telecom, Inc. provides various telecommunications carrier services in Japan. It is also involved in the security certification acquisition consulting business. The company was founded in 1995 and is based in Tokyo, Japan. Forval Telecom, Inc. is a subsidiary of Forval Corporation.

Details
Name: Forval Telecom, Inc.
FVM
Exchange: DB
Founded: 1995
¥37,787,189
16,693,200
Website: http://www.forvaltel.co.jp
Address: Forval Telecom, Inc.
HitotsubashiSI Building,
2nd Floor,
Tokyo,
101-0054,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9445 Common Stock The Tokyo Stock Exchange JP JPY 28. Nov 2000
DB FVM Common Stock Deutsche Boerse AG DE EUR 28. Nov 2000
Number of employees
Current staff
Staff numbers
321
Forval Telecom employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 21:41
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2019/05/15
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.