Loading...

We've got a brand new version of Simply Wall St! Try it out

Full Speed

TSE:2159
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2159
TSE
¥8B
Market Cap
  1. Home
  2. JP
  3. Media
Company description

Full Speed Inc. provides Internet marketing support services in Japan. The last earnings update was 79 days ago. More info.


Add to Portfolio Compare Print
2159 Share Price and Events
7 Day Returns
-1.5%
TSE:2159
0.2%
JP Interactive Media and Services
-0.4%
JP Market
1 Year Returns
-9.8%
TSE:2159
12.6%
JP Interactive Media and Services
4.3%
JP Market
2159 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Full Speed (2159) -1.5% 6.9% 1.5% -9.8% -39.3% -20.6%
JP Interactive Media and Services 0.2% 13.3% 21.8% 12.6% 6.3% -6.7%
JP Market -0.4% 2.4% 10.8% 4.3% 16.2% 24.8%
1 Year Return vs Industry and Market
  • 2159 underperformed the Interactive Media and Services industry which returned 12.6% over the past year.
  • 2159 underperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
2159
Industry
5yr Volatility vs Market

2159 Value

 Is Full Speed 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 Full Speed 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 Full Speed.

TSE:2159 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

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 TSE:2159
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.038 (1 + (1- 30.86%) (8.75%))
1.067
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.067 * 6.33%)
6.67%

Discounted Cash Flow Calculation for TSE:2159 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Full Speed 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.

TSE:2159 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.67%)
2020 843.63 Est @ 6.07% 790.90
2021 879.23 Est @ 4.22% 772.76
2022 904.96 Est @ 2.93% 745.66
2023 923.26 Est @ 2.02% 713.19
2024 936.07 Est @ 1.39% 677.90
2025 944.92 Est @ 0.94% 641.53
2026 950.91 Est @ 0.63% 605.25
2027 954.87 Est @ 0.42% 569.79
2028 957.40 Est @ 0.26% 535.59
2029 958.92 Est @ 0.16% 502.91
Present value of next 10 years cash flows ¥6,555.00
TSE:2159 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥958.92 × (1 + -0.09%) ÷ (6.67% – -0.09%)
¥14,179.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥14,179.35 ÷ (1 + 6.67%)10
¥7,436.48
TSE:2159 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥6,555.00 + ¥7,436.48
¥13,991.48
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥13,991.48 / 15.57
¥898.56
TSE:2159 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥898.56
Current discount Discount to share price of ¥527.00
= -1 x (¥527.00 - ¥898.56) / ¥898.56
41.4%

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

Current Discount
Amount off the current price Full Speed is available for.
Intrinsic value
41%
Share price is ¥527 vs Future cash flow value of ¥898.56
Current Discount Checks
For Full Speed to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Full Speed's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Full Speed'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 Full Speed's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Full Speed's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:2159 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-07-31) in JPY ¥33.97
TSE:2159 Share Price ** TSE (2019-12-04) in JPY ¥527
Japan Interactive Media and Services Industry PE Ratio Median Figure of 43 Publicly-Listed Interactive Media and Services Companies 36.63x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.45x

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

** Primary Listing of Full Speed.

TSE:2159 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2159 Share Price ÷ EPS (both in JPY)

= 527 ÷ 33.97

15.51x

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

  • Full Speed is good value based on earnings compared to the JP Interactive Media and Services industry average.
  • Full Speed is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Full Speed's expected growth come at a high price?
Raw Data
TSE:2159 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Interactive Media and Services Industry PEG Ratio Median Figure of 24 Publicly-Listed Interactive Media and Services Companies 1.98x
Japan Market PEG Ratio Median Figure of 1,368 Publicly-Listed Companies 1.88x

*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 Full Speed, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Full Speed's assets?
Raw Data
TSE:2159 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-07-31) in JPY ¥239.29
TSE:2159 Share Price * TSE (2019-12-04) in JPY ¥527
Japan Interactive Media and Services Industry PB Ratio Median Figure of 50 Publicly-Listed Interactive Media and Services Companies 4.52x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.12x
TSE:2159 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2159 Share Price ÷ Book Value per Share (both in JPY)

= 527 ÷ 239.29

2.2x

* Primary Listing of Full Speed.

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

  • Full Speed is good value based on assets compared to the JP Interactive Media and Services industry average.
X
Value checks
We assess Full Speed'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 Interactive Media and Services 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 Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. Full Speed has a total score of 4/6, see the detailed checks below.

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

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

2159 Future Performance

 How is Full Speed 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 Full Speed 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
27.9%
Expected Interactive Media and Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Full Speed expected to grow at an attractive rate?
  • Unable to compare Full Speed's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Full Speed's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Full Speed's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:2159 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 27.9%
Japan Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
TSE:2159 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
TSE:2159 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:2159 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-07-31 20,777 529
2019-04-30 20,566 1,007 568
2019-01-31 20,151 440
2018-10-31 19,595 971 553
2018-07-31 19,431 442
2018-04-30 19,040 1,078 498
2018-01-31 18,336 411
2017-10-31 18,274 837 502
2017-07-31 17,979 599
2017-04-30 18,065 809 512
2017-01-31 18,133 871
2016-10-31 17,339 1,031 753

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Full Speed is high growth as no earnings estimate data is available.
  • Unable to determine if Full Speed 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
TSE:2159 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Full Speed Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:2159 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:2159 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-07-31 33.97
2019-04-30 36.48
2019-01-31 28.26
2018-10-31 35.51
2018-07-31 28.39
2018-04-30 31.98
2018-01-31 26.40
2017-10-31 32.24
2017-07-31 38.47
2017-04-30 32.88
2017-01-31 55.94
2016-10-31 48.36

*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 Full Speed will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Full Speed is trading at Full Speed'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. Full Speed'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 Media companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Full Speed'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 Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan 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.
Full Speed 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.

2159 Past Performance

  How has Full Speed 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 Full Speed's growth in the last year to its industry (Interactive Media and Services).
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.
  • Full Speed's year on year earnings growth rate has been positive over the past 5 years.
  • Full Speed's 1-year earnings growth exceeds its 5-year average (19.7% vs 0.8%)
  • Full Speed's earnings growth has exceeded the JP Interactive Media and Services industry average in the past year (19.7% vs 10%).
Earnings and Revenue History
Full Speed'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 Full Speed Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:2159 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-07-31 20,777.00 529.00 2,879.00
2019-04-30 20,566.00 568.00 2,820.00
2019-01-31 20,151.00 440.00 2,752.00
2018-10-31 19,595.00 553.00 2,637.00
2018-07-31 19,431.00 442.00 2,552.00
2018-04-30 19,040.00 498.00 2,415.00
2018-01-31 18,336.00 411.00 2,216.00
2017-10-31 18,274.00 502.00 2,163.00
2017-07-31 17,979.00 599.00 2,066.00
2017-04-30 18,065.00 512.00 2,122.00
2017-01-31 18,133.00 871.00 2,142.00
2016-10-31 17,339.00 753.00 2,032.00
2016-07-31 16,445.00 747.00 1,969.00
2016-04-30 15,061.00 734.00 1,813.00
2016-01-31 14,188.00 675.00 1,728.00
2015-10-31 13,494.00 565.00 1,716.00
2015-07-31 12,491.00 501.00 1,675.00
2015-04-30 11,920.00 444.00 1,598.00
2015-01-31 11,712.00 404.00 1,552.00
2014-10-31 11,415.00 423.00 1,506.00
2014-07-31 11,358.00 386.00 1,471.00
2014-04-30 11,305.00 359.00 1,430.00
2014-01-31 11,075.00 416.00 1,440.00
2013-10-31 11,022.00 451.00 1,449.00
2013-07-31 10,968.00 -267.00 1,443.00
2013-04-30 10,721.00 -254.00 1,466.00

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

2159 Health

 How is Full Speed'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 Full Speed's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Full Speed is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Full Speed's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Full Speed'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 8.9x 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 Full Speed Company Filings, last reported 4 months ago.

TSE:2159 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-07-31 3,741.00 718.00 3,746.00
2019-04-30 3,640.00 577.00 3,813.00
2019-01-31 3,551.00 618.00 3,450.00
2018-10-31 3,472.00 669.00 3,340.00
2018-07-31 3,244.00 735.00 3,133.00
2018-04-30 3,067.00 802.00 3,334.00
2018-01-31 3,177.00 869.00 3,116.00
2017-10-31 2,988.00 956.00 2,906.00
2017-07-31 2,873.00 703.00 2,286.00
2017-04-30 2,641.00 639.00 2,377.00
2017-01-31 2,766.00 975.00 2,614.00
2016-10-31 2,520.00 1,211.00 2,681.00
2016-07-31 2,285.00 847.00 2,250.00
2016-04-30 2,142.00 883.00 2,139.00
2016-01-31 1,891.00 1,018.00 1,953.00
2015-10-31 1,726.00 1,069.00 1,931.00
2015-07-31 1,533.00 920.00 1,456.00
2015-04-30 1,401.00 904.00 1,475.00
2015-01-31 1,226.00 1,189.00 1,662.00
2014-10-31 1,172.00 1,074.00 1,521.00
2014-07-31 821.00 1,205.00 1,196.00
2014-04-30 746.00 1,201.00 1,259.00
2014-01-31 613.00 1,198.00 1,040.00
2013-10-31 537.00 1,295.00 1,101.00
2013-07-31 434.00 1,392.00 986.00
2013-04-30 394.00 906.00 1,020.00
  • Full Speed's level of debt (19.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (145.9% vs 19.2% today).
  • Debt is well covered by operating cash flow (140.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 392.7x coverage).
X
Financial health checks
We assess Full Speed'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. Full Speed 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.

2159 Dividends

 What is Full Speed'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
0.57%
Current annual income from Full Speed dividends.
If you bought ¥2,000 of Full Speed shares you are expected to receive ¥11 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?
  • Full Speed's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Full Speed's dividend is below the markets top 25% of dividend payers in Japan (2.99%).
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
TSE:2159 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
Japan Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.1%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2972 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

TSE:2159 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:2159 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-07-25 3.000 0.582
2019-06-14 3.000 0.542
2011-12-13 0.000 0.000
2011-12-09 0.000 0.000
2011-10-28 0.000 0.000
2011-09-13 0.000 0.000
2011-06-13 0.000 0.000
2011-03-14 0.000 0.000
2010-12-14 0.000 0.000
2010-10-29 0.000 0.000
2010-09-14 0.000 0.000
2010-06-11 8.000 3.295
2010-03-15 2.000 0.552
2010-03-12 8.000 1.924
2009-10-30 6.000 1.486
2009-09-11 6.000 1.240
2009-06-11 0.000 0.000
2009-03-12 0.000 0.000
2008-12-12 12.000 1.534

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

  • Full Speed is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • Full Speed is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Full Speed's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Full Speed's dividends as it is not paying a notable one for Japan.
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 Full Speed's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Full Speed afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Full Speed has a total score of 0/6, see the detailed checks below.


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

2159 Management

 What is the CEO of Full Speed'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
Koichi Tomomatsu
AGE 40
TENURE AS CEO 4.8 years
CEO Bio

Mr. Koichi Tomomatsu has been President, General Manager of Overall Business Division and Representative Director at Full Speed Inc. since February 2015, November 2011 and July 2013 respectively. Mr. Tomomatsu Joined Full Speed, Inc in november 2008 and served as Manager, Generalization Department since February 2009 and also served as Chief, President's Office since November 2010.

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

Average tenure of the Full Speed management team in years:

4.8
Average Tenure
  • The tenure for the Full Speed management team is about average.
Management Team

Koichi Tomomatsu

TITLE
President
AGE
40
TENURE
4.8 yrs

Yuki Komiyama

TITLE
Chief of Corporate Strategy Office
TENURE
4.6 yrs

Masayuki Yokota

TITLE
Manager of Smart Phone Business Department and Director
TENURE
4.6 yrs

Takahiro Ebina

TITLE
Manager of Agile Marketing Business Department and Director
TENURE
5.6 yrs

Yu Sekine

TITLE
Manager of Agile Marketing Business Department and Director
TENURE
5.6 yrs

Masahito Tanaka

TITLE
Manager of Ad Strategy Business Department and Executive Director
Board of Directors Tenure

Average tenure and age of the Full Speed board of directors in years:

4.4
Average Tenure
48.5
Average Age
  • The tenure for the Full Speed board of directors is about average.
Board of Directors

Nobuaki Tanaka

TITLE
Chairman
AGE
52
TENURE
4.8 yrs

Koichi Tomomatsu

TITLE
President
AGE
40
TENURE
6.4 yrs

Yuki Komiyama

TITLE
Chief of Corporate Strategy Office
TENURE
4.4 yrs

Masayuki Yokota

TITLE
Manager of Smart Phone Business Department and Director
TENURE
4.4 yrs

Takahiro Ebina

TITLE
Manager of Agile Marketing Business Department and Director
TENURE
4.4 yrs

Yu Sekine

TITLE
Manager of Agile Marketing Business Department and Director
TENURE
4.4 yrs

Masahito Tanaka

TITLE
Manager of Ad Strategy Business Department and Executive Director

Takashi Shimizu

TITLE
External Director
AGE
45
TENURE
4.4 yrs

Wataru Noguchi

TITLE
External Director
TENURE
4.4 yrs

Shunsuke Takahara

TITLE
External Standing Corporate Auditor
AGE
71
TENURE
9.2 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 Full Speed'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. Full Speed 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.

2159 News

Simply Wall St News

2159 Company Info

Description

Full Speed Inc. provides Internet marketing support services in Japan. It offers search engine optimization (SEO), listing and affiliate advertising, display advertisement, and social media advertising services. The company also provides SEO consulting services; social media operations consulting and advertisement services; Web architecture services; and Website creation/operation, LP banner production/management, and application development services. In addition, it offers services in the areas of advertisement effect measurement, ad technology, and healthcare marketing. The company was founded in 2001 and is headquartered in Tokyo, Japan. Full Speed Inc. is a subsidiary of FreeBit Co., Ltd.

Details
Name: Full Speed Inc.
2159
Exchange: TSE
Founded: 2001
¥8,205,892,758
15,570,954
Website: http://www.fullspeed.co.jp
Address: Full Speed Inc.
E Space Tower,
8th Floor,
Tokyo,
150-0044,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2159 Common Stock The Tokyo Stock Exchange JP JPY 02. Aug 2007
Number of employees
Current staff
Staff numbers
348
Full Speed employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 14:59
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/09/17
Last earnings reported: 2019/07/31
Last annual earnings reported: 2019/04/30


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.