DB:FBB

Stock Analysis Report

Executive Summary

The Furukawa Battery Co., Ltd. manufactures and sells storage batteries in Japan and internationally.

Snowflake

Fundamentals

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

How has Furukawa Battery's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

FBB

2.3%

DE Auto Components

1.4%

DE Market


1 Year Return

-20.0%

FBB

-11.1%

DE Auto Components

3.7%

DE Market

Return vs Industry: FBB underperformed the German Auto Components industry which returned -11.1% over the past year.

Return vs Market: FBB underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

FBBIndustryMarket
7 Day2.0%2.3%1.4%
30 Day2.1%-2.7%1.3%
90 Day-0.4%1.2%3.4%
1 Year-18.8%-20.0%-7.3%-11.1%7.0%3.7%
3 Year-11.3%-14.6%-24.5%-30.8%18.5%8.3%
5 Year-19.7%-24.2%-17.1%-25.6%42.2%22.9%

Price Volatility Vs. Market

How volatile is Furukawa Battery's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Furukawa Battery undervalued compared to its fair value and its price relative to the market?

36.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: FBB (€5.15) is trading below our estimate of fair value (€8.1)

Significantly Undervalued: FBB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FBB is good value based on its PE Ratio (9.4x) compared to the Auto Components industry average (13.1x).

PE vs Market: FBB is good value based on its PE Ratio (9.4x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate FBB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FBB is good value based on its PB Ratio (0.8x) compared to the DE Auto Components industry average (1.2x).


Next Steps

Future Growth

How is Furukawa Battery forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBB's forecast earnings growth (17.6% per year) is above the savings rate (0.2%).

Earnings vs Market: FBB's earnings (17.6% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: FBB's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if FBB's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if FBB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if FBB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Furukawa Battery performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FBB's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: FBB's earnings growth over the past year (7.3%) exceeds its 5-year average (3.9% per year).

Earnings vs Industry: FBB earnings growth over the past year (7.3%) exceeded the Auto Components industry -6.3%.


Return on Equity

High ROE: FBB's Return on Equity (5.4%) is considered low.


Return on Assets

ROA vs Industry: FBB's Return on Assets is below or equal to the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: FBB's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Furukawa Battery's financial position?


Financial Position Analysis

Short Term Liabilities: FBB's short term assets (¥23.5B) exceeds its short term liabilities (¥16.1B)

Long Term Liabilities: FBB's short term assets (23.5B) exceeds its long term liabilities (12.0B)


Debt to Equity History and Analysis

Debt Level: FBB's debt to equity ratio (37.8%) is considered satisfactory

Reducing Debt: FBB's debt to equity ratio has reduced from 65.1% to 37.8% over the past 5 years.

Debt Coverage: FBB's debt is well covered by operating cash flow (51.6%).

Interest Coverage: FBB's interest payments on its debt are well covered by EBIT (10x coverage).


Balance Sheet

Inventory Level: FBB has a high level of physical assets or inventory.

Debt Coverage by Assets: FBB's debt is covered by short term assets (assets are 2.455650x debt).


Next Steps

Dividend

What is Furukawa Battery's current dividend yield, its reliability and sustainability?

2.05%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%1.5%markettop25%3.8%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FBB's dividend (2.05%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: FBB's dividend (2.05%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: FBB's dividends per share have been stable in the past 10 years.

Growing Dividend: FBB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.3%), FBB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Furukawa Battery's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Shinichi Ono (64yo)

2.8yrs

Tenure

0

Mr. Shinichi Ono has been President and Chief Executive Officer of The Furukawa Battery Co., Ltd. since 2017. Mr. Ono served as Senior Managing Director at The Furukawa Battery Co., Ltd. since 2016 and ser ...


Management Age and Tenure

7.3yrs

Average Tenure

69yo

Average Age

Experienced Management: FBB's management team is seasoned and experienced (7.3 years average tenure).


Board Age and Tenure

5.8yrs

Average Tenure

64yo

Average Age

Experienced Board: FBB's board of directors are considered experienced (5.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Koji Miyata (69yo)

    Senior Director of Industrial Machine Production and Director of Industrial Battery Technology

    • Tenure: 10.3yrs
  • Kazuo Kobayashi (72yo)

    Managing Director

    • Tenure: 12.9yrs
  • Takayuki Fujino (69yo)

    Corporate Senior Advisor

    • Tenure: 5.3yrs
  • Akira Wada (69yo)

    Managing Director and Director of Management Planning Department

    • Tenure: 12.3yrs
  • Hiroshi Furusawa (71yo)

    Director of Accounting

    • Tenure: 0yrs
  • Shinichi Ono (64yo)

    CEO, President & Representative Director

    • Tenure: 2.8yrs
  • Toru Shirasawa (66yo)

    Executive Vice President and Executive Director

    • Tenure: 7.5yrs
  • Shinobu Kaneko

    GM - Sales & Mktg Dept 1 - Industrial Battery Sales & Mktg Division and Corporate Officer

    • Tenure: 0yrs
  • Yukitsugu Ishikawa (66yo)

    Senior Managing Executive Officer

    • Tenure: 7.3yrs
  • Takahiro Asahara

    GM of Human Resources & General Affairs Department

    • Tenure: 0yrs

Board Members

  • Naoto Yoneyama (70yo)

    External Director

    • Tenure: 5.3yrs
  • Katsutoshi Tokuyama (70yo)

    Chairman

    • Tenure: 2.8yrs
  • Shinichi Ono (64yo)

    CEO, President & Representative Director

    • Tenure: 2.8yrs
  • Toru Shirasawa (66yo)

    Executive Vice President and Executive Director

    • Tenure: 7.5yrs
  • Shigeru Takaku (63yo)

    Managing Executive Officer and Director

    • Tenure: 7.3yrs
  • Shigeru Fukuhara (61yo)

    Managing Executive Officer

    • Tenure: 6.3yrs
  • Yukitsugu Ishikawa (66yo)

    Senior Managing Executive Officer

    • Tenure: 7.3yrs
  • Hideaki Ogawa (64yo)

    Exec. Officer

    • Tenure: 4.3yrs
  • Koichiro Yamamoto (62yo)

    Executive Officer

    • Tenure: 4.3yrs
  • Shinichiro Ota (60yo)

    General Manager of Overseas Strategy Division

    • Tenure: 4.3yrs

Company Information

The Furukawa Battery Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Furukawa Battery Co., Ltd.
  • Ticker: FBB
  • Exchange: DB
  • Founded: 1914
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: JP¥20.748b
  • Listing Market Cap: JP¥171.642m
  • Shares outstanding: 32.78m
  • Website: https://www.furukawadenchi.co.jp

Number of Employees


Location

  • The Furukawa Battery Co., Ltd.
  • Hoshikawa SF Building
  • 2-4-1 Hoshikawa
  • Yokohama
  • Kanagawa
  • 240-0006
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6937TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYJan 1992
FBBDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1992

Biography

The Furukawa Battery Co., Ltd. manufactures and sells storage batteries in Japan and internationally. The company offers lead-acid storage batteries for automobiles, motorcycles, electric powered vehicles, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:12
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.