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Fujitsu General

BST:29F
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
29F
BST
¥144B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Fujitsu General Limited provides air conditioners worldwide. The last earnings update was 27 days ago. More info.


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29F Share Price and Events
7 Day Returns
-5.2%
BST:29F
-0.4%
DE Consumer Durables
0.3%
DE Market
1 Year Returns
-15.7%
BST:29F
-14.6%
DE Consumer Durables
-11.6%
DE Market
29F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fujitsu General (29F) -5.2% -8.5% -6.4% -15.7% - -
DE Consumer Durables -0.4% 0.7% 9.1% -14.6% -0.4% 17.2%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • 29F underperformed the Consumer Durables industry which returned -14.6% over the past year.
  • 29F underperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
29F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Fujitsu General's competitors could be found in our database.

29F Value

 Is Fujitsu General 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 Fujitsu General 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 Fujitsu General.

BST:29F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 BST:29F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.896 (1 + (1- 30.86%) (1%))
0.934
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.934 * 5.96%)
5.8%

Discounted Cash Flow Calculation for BST:29F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fujitsu General 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.

BST:29F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.8%)
2019 2,230.67 Analyst x6 2,108.46
2020 6,457.43 Analyst x7 5,769.30
2021 10,301.57 Analyst x7 8,699.58
2022 12,216.50 Analyst x6 9,751.54
2023 10,797.25 Analyst x4 8,146.50
2024 10,837.50 Analyst x2 7,728.92
2025 10,857.78 Est @ 0.19% 7,319.18
2026 10,879.43 Est @ 0.2% 6,932.01
2027 10,902.06 Est @ 0.21% 6,565.88
2028 10,925.39 Est @ 0.21% 6,219.47
Present value of next 10 years cash flows ¥69,240.85
BST:29F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥10,925.39 × (1 + 0.23%) ÷ (5.8% – 0.23%)
¥196,672.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥196,672.32 ÷ (1 + 5.8%)10
¥111,959.10
BST:29F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥69,240.85 + ¥111,959.10
¥181,199.95
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥181,199.95 / 104.63
¥1731.87
BST:29F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:29F represents 0.00803x of TSE:6755
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00803x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,731.87 x 0.00803
€13.91
Value per share (EUR) From above. €13.91
Current discount Discount to share price of €11.03
= -1 x (€11.03 - €13.91) / €13.91
20.7%

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

Current Discount
Amount off the current price Fujitsu General is available for.
Intrinsic value
21%
Share price is €11.03 vs Future cash flow value of €13.91
Current Discount Checks
For Fujitsu General to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fujitsu General's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fujitsu General'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 Fujitsu General's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fujitsu General's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:29F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥84.99
TSE:6755 Share Price ** TSE (2019-05-21) in JPY ¥1373
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 18.43x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

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

** Primary Listing of Fujitsu General.

BST:29F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6755 Share Price ÷ EPS (both in JPY)

= 1373 ÷ 84.99

16.16x

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

  • Fujitsu General is good value based on earnings compared to the DE Consumer Durables industry average.
  • Fujitsu General is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Fujitsu General's expected growth come at a high price?
Raw Data
BST:29F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
12.8%per year
Europe Consumer Durables Industry PEG Ratio Median Figure of 57 Publicly-Listed Consumer Durables Companies 1.07x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

BST:29F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.16x ÷ 12.8%

1.26x

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

  • Fujitsu General is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fujitsu General's assets?
Raw Data
BST:29F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,046.45
TSE:6755 Share Price * TSE (2019-05-21) in JPY ¥1373
Germany Consumer Durables Industry PB Ratio Median Figure of 11 Publicly-Listed Consumer Durables Companies 1.64x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
BST:29F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6755 Share Price ÷ Book Value per Share (both in JPY)

= 1373 ÷ 1,046.45

1.31x

* Primary Listing of Fujitsu General.

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

  • Fujitsu General is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Fujitsu General'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Fujitsu General 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.

29F Future Performance

 How is Fujitsu General expected to perform in the next 1 to 3 years based on estimates from 6 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 Fujitsu General expected to grow at an attractive rate?
  • Fujitsu General's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Fujitsu General's earnings growth is positive but not above the Germany market average.
  • Fujitsu General's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:29F Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:29F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 12.8%
BST:29F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 17%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
BST:29F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:29F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 327,000 20,600 15,400 1
2023-03-31 313,000 20,895 16,400 2
2022-03-31 294,000 19,900 15,625 4
2021-03-31 283,000 17,716 13,069 4
2020-03-31 269,050 14,674 12,098 6
BST:29F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 252,667 8,513 8,892
2018-12-31 256,166 8,786 9,953
2018-09-30 262,360 1,009 11,671
2018-06-30 256,599 -1,691 10,182
2018-03-31 262,340 10,894 12,854
2017-12-31 254,724 11,183 12,786
2017-09-30 260,657 19,595 10,057
2017-06-30 262,119 26,091 11,472
2017-03-31 260,054 26,799 10,031
2016-12-31 257,457 30,094 8,980
2016-09-30 265,130 27,700 16,592
2016-06-30 274,434 22,226 16,085

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fujitsu General's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Fujitsu General's revenue is expected to grow by 5% 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
BST:29F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Fujitsu General Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:29F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 147.20 147.20 147.20 1.00
2023-03-31 140.50 140.50 140.50 1.00
2022-03-31 146.85 172.00 133.80 3.00
2021-03-31 124.91 143.40 99.30 8.00
2020-03-31 115.62 118.40 114.69 4.00
BST:29F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 84.99
2018-12-31 95.13
2018-09-30 111.55
2018-06-30 97.32
2018-03-31 122.86
2017-12-31 122.20
2017-09-30 96.12
2017-06-30 109.64
2017-03-31 95.87
2016-12-31 85.83
2016-09-30 158.57
2016-06-30 153.73

*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.
  • Fujitsu General is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fujitsu General'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.
Fujitsu General has a total score of 2/6, 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.

29F Past Performance

  How has Fujitsu General 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 Fujitsu General's growth in the last year to its industry (Consumer Durables).
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.
  • Fujitsu General's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Fujitsu General's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fujitsu General's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
Fujitsu General'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 Fujitsu General Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:29F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 252,667.00 8,892.00 52,896.00
2018-12-31 256,166.00 9,953.00 51,685.00
2018-09-30 262,360.00 11,671.00 51,337.00
2018-06-30 256,599.00 10,182.00 51,478.00
2018-03-31 262,340.00 12,854.00 51,369.00
2017-12-31 254,724.00 12,786.00 54,434.00
2017-09-30 260,657.00 10,057.00 54,422.00
2017-06-30 262,119.00 11,472.00 53,274.00
2017-03-31 260,054.00 10,031.00 52,234.00
2016-12-31 257,457.00 8,980.00 50,201.00
2016-09-30 265,130.00 16,592.00 49,938.00
2016-06-30 274,434.00 16,085.00 50,227.00
2016-03-31 280,977.00 17,531.00 51,047.00
2015-12-31 297,475.00 18,544.00 52,310.00
2015-09-30 296,728.00 18,104.00 52,271.00
2015-06-30 288,689.00 19,327.00 51,402.00
2015-03-31 274,807.00 17,809.00 49,971.00
2014-12-31 256,927.00 17,391.00 47,314.00
2014-09-30 247,142.00 16,563.00 46,472.00
2014-06-30 246,831.00 15,245.00 46,206.00
2014-03-31 241,441.00 13,227.00 44,921.00
2013-12-31 235,324.00 13,360.00 43,046.00
2013-09-30 224,066.00 11,601.00 41,378.00
2013-06-30 211,462.00 11,496.00 38,682.00
2013-03-31 209,167.00 13,009.00 38,092.00
2012-12-31 193,246.00 9,088.00 35,312.00
2012-09-30 191,287.00 6,365.00 34,958.00
2012-06-30 191,870.00 4,852.00 34,825.00

*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.
  • Fujitsu General has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fujitsu General used its assets less efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Fujitsu General's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fujitsu General'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 Consumer Durables 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.
Fujitsu General has a total score of 0/6, 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.

29F Health

 How is Fujitsu General'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 Fujitsu General's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fujitsu General is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fujitsu General's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fujitsu General'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 105.5x 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 Fujitsu General Company Filings, last reported 1 month ago.

BST:29F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 113,121.00 1,438.00 35,412.00
2018-12-31 106,337.00 321.00 37,013.00
2018-09-30 110,815.00 0.00 43,490.00
2018-06-30 108,312.00 0.00 33,588.00
2018-03-31 107,720.00 562.00 42,710.00
2017-12-31 102,284.00 0.00 42,715.00
2017-09-30 102,784.00 0.00 51,798.00
2017-06-30 100,951.00 0.00 45,177.00
2017-03-31 95,692.00 477.00 40,789.00
2016-12-31 89,089.00 0.00 39,329.00
2016-09-30 87,513.00 0.00 38,864.00
2016-06-30 85,818.00 0.00 26,052.00
2016-03-31 87,348.00 490.00 21,604.00
2015-12-31 82,599.00 0.00 17,547.00
2015-09-30 78,386.00 0.00 20,350.00
2015-06-30 82,240.00 0.00 13,842.00
2015-03-31 76,637.00 1,327.00 9,136.00
2014-12-31 69,573.00 11,320.00 6,675.00
2014-09-30 63,749.00 3,901.00 6,619.00
2014-06-30 58,408.00 10,154.00 5,427.00
2014-03-31 55,803.00 14,380.00 4,680.00
2013-12-31 50,162.00 23,848.00 5,812.00
2013-09-30 51,154.00 9,697.00 5,608.00
2013-06-30 49,821.00 15,106.00 6,033.00
2013-03-31 48,502.00 17,624.00 5,935.00
2012-12-31 39,743.00 24,972.00 5,926.00
2012-09-30 35,397.00 19,351.00 5,160.00
2012-06-30 34,661.00 24,744.00 4,284.00
  • Fujitsu General's level of debt (1.3%) 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 (25.7% vs 1.3% today).
  • Debt is well covered by operating cash flow (592%, greater than 20% of total debt).
  • Fujitsu General earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Fujitsu General'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. Fujitsu General 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.

29F Dividends

 What is Fujitsu General'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
1.89%
Current annual income from Fujitsu General dividends. Estimated to be 2.31% next year.
If you bought €2,000 of Fujitsu General shares you are expected to receive €38 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?
  • Fujitsu General's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Fujitsu General's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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
BST:29F 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 6 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

BST:29F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 48.00 1.00
2023-03-31 43.00 1.00
2022-03-31 36.67 3.00
2021-03-31 29.57 7.00
2020-03-31 27.00 6.00
BST:29F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-04 26.000 1.731
2018-11-05 26.000 1.723
2018-10-26 26.000 1.595
2018-07-24 26.000 1.466
2018-06-22 26.000 1.492
2018-04-24 26.000 1.500
2018-02-02 24.000 1.213
2017-11-02 24.000 1.031
2017-10-25 24.000 1.106
2017-07-25 24.000 1.050
2017-06-21 24.000 0.928
2017-04-26 24.000 0.964
2016-06-27 22.000 0.978
2016-04-22 22.000 1.106
2015-06-24 18.000 1.151
2015-04-24 18.000 1.069
2015-02-10 16.000 1.119
2015-01-27 16.000 1.372
2014-11-10 16.000 1.328
2014-10-24 16.000 1.178
2014-07-25 14.000 1.034
2014-06-25 14.000 1.182
2014-04-25 14.000 1.236
2014-02-10 12.000 1.161
2014-01-24 12.000 1.063
2013-10-24 12.000 1.062
2013-04-24 12.000 1.134
2012-06-25 8.000 1.113
2012-04-25 8.000 1.282
2012-01-30 6.000 1.132
2011-10-25 6.000 1.354
2011-07-27 6.000 1.155
2011-06-29 6.000 1.074
2011-04-26 6.000 1.255
2011-01-25 6.000 1.383
2010-06-25 6.000 1.387
2010-04-28 6.000 1.335
2009-07-30 5.000 1.522

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 Fujitsu General's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x 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 Fujitsu General'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 Fujitsu General afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fujitsu General has a total score of 4/6, see the detailed checks below.


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

29F Management

 What is the CEO of Fujitsu General'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
Etsuro Saito
AGE 68
TENURE AS CEO 3.9 years
CEO Bio

Mr. Etsuro Saito has been an Executive President of Fujitsu General Limited since June 23, 2015. Mr. Saito served as a Corporate Senior Vice President, Managing Corporate Executive Officer, Acting General Manager of Overseas Sales Division, Manager of Overseas Marketing Promotion Supervisory Department, Manager of Overseas Training Department and Chairman of Fujitsu General (Taiwan) Co., Ltd at Fujitsu General Limited. Mr. Saito served as a Corporate Vice President at Fujitsu General Limited. He serves as a Representative Director of Fujitsu General Limited.

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

Average tenure and age of the Fujitsu General management team in years:

0.8
Average Tenure
63
Average Age
  • The average tenure for the Fujitsu General management team is less than 2 years, this suggests a new team.
Management Team

Etsuro Saito

TITLE
Executive President & Representative Director
AGE
68
TENURE
3.9 yrs

Hiroshi Niwayama

TITLE
Corporate Senior EVP & Director
AGE
63

Norio Yamaichi

TITLE
Corporate First Senior Vice President & Director

Tsunenao Kosuda

TITLE
Corporate Senior Executive VP
AGE
63
TENURE
1.3 yrs

Hiroyuki Yokoyama

TITLE
Corporate First Senior VP & Director

Yoshinobu Miyajima

TITLE
Corporate Senior Vice President

Susumu Ohkawara

TITLE
Corporate Senior VP & Chief of Office of the President

Kimihiko Shimizu

TITLE
Corporate Senior VP & GM of GDM Promotion Division

Masataka Eto

TITLE
Corporate Senior Vice President
TENURE
0.3 yrs

Yosuke Nakagawa

TITLE
Corporate Senior Vice President
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Fujitsu General board of directors in years:

3
Average Tenure
63
Average Age
  • The tenure for the Fujitsu General board of directors is about average.
Board of Directors

Junichi Murashima

TITLE
Chairman
AGE
68
TENURE
3.9 yrs

Etsuro Saito

TITLE
Executive President & Representative Director
AGE
68

Hiroshi Niwayama

TITLE
Corporate Senior EVP & Director
AGE
63
TENURE
14.9 yrs

Norio Yamaichi

TITLE
Corporate First Senior Vice President & Director

Tsunenao Kosuda

TITLE
Corporate Senior Executive VP
AGE
63
TENURE
13.9 yrs

Hiroyuki Yokoyama

TITLE
Corporate First Senior VP & Director
TENURE
1.9 yrs

Tadashi Hasegawa

TITLE
Corporate First Senior VP & Director
TENURE
0.9 yrs

Masaki Sugiyama

TITLE
Corporate First Senior VP & Director
AGE
59
TENURE
2.9 yrs

Hisaji Ebisawa

TITLE
Director
AGE
61
TENURE
3 yrs

Hisashi Sakamaki

TITLE
External Director
AGE
78
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Fujitsu General'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. Fujitsu General 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.

29F News

Simply Wall St News

29F Company Info

Description

Fujitsu General Limited provides air conditioners worldwide. The company offers split and multi split air conditioning systems; air purification systems and deodorizers; fire and disaster prevention systems, and distribution/video systems; and vehicle-mounted cameras. It also provides CCD cameras; low noise blockdown converters and transmitters; and technical services, such as EMC measurement, testing, and consulting services. The company was founded in 1936 and is headquartered in Kawasaki, Japan.

Details
Name: Fujitsu General Limited
29F
Exchange: BST
Founded: 1936
¥1,162,906,685
104,626,946
Website: http://www.fujitsu-general.com
Address: Fujitsu General Limited
3-3-17, Suenaga,
Takatsu-ku,
Kawasaki,
Kanagawa, 213-8502,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6755 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK FGEL.F Common Shares Pink Sheets LLC US USD 06. Jan 1992
BST 29F Common Shares Boerse-Stuttgart DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
7,392
Fujitsu General employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 22:39
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
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.