BST:29F

Stock Analysis Report

Executive Summary

Fujitsu General Limited provides air conditioners worldwide.

Rewards

Earnings are forecast to grow 12.61% per year

Risk Analysis

No risks detected for 29F from our risk checks.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

How has Fujitsu General's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 29F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.4%

29F

0.02%

DE Consumer Durables

-0.9%

DE Market


1 Year Return

67.2%

29F

3.1%

DE Consumer Durables

12.8%

DE Market

Return vs Industry: 29F exceeded the German Consumer Durables industry which returned 3.1% over the past year.

Return vs Market: 29F exceeded the German Market which returned 12.8% over the past year.


Shareholder returns

29FIndustryMarket
7 Day-4.4%0.02%-0.9%
30 Day-5.3%0.9%0.6%
90 Day18.7%3.7%2.9%
1 Year70.0%67.2%5.6%3.1%16.3%12.8%
3 Yearn/a2.8%-5.8%15.8%5.7%
5 Yearn/a25.2%8.1%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Fujitsu General undervalued compared to its fair value and its price relative to the market?

27.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 29F (€19.7) is trading above our estimate of fair value (€18.93)

Significantly Below Fair Value: 29F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 29F is poor value based on its PE Ratio (27.3x) compared to the Consumer Durables industry average (17.6x).

PE vs Market: 29F is poor value based on its PE Ratio (27.3x) compared to the German market (20.8x).


Price to Earnings Growth Ratio

PEG Ratio: 29F is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: 29F is overvalued based on its PB Ratio (2.3x) compared to the DE Consumer Durables industry average (1.7x).


Next Steps

Future Growth

How is Fujitsu General forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 29F's forecast earnings growth (12.6% per year) is above the savings rate (-0.4%).

Earnings vs Market: 29F's earnings (12.6% per year) are forecast to grow slower than the German market (13% per year).

High Growth Earnings: 29F's earnings are forecast to grow, but not significantly.

Revenue vs Market: 29F's revenue (5.2% per year) is forecast to grow faster than the German market (5.2% per year).

High Growth Revenue: 29F's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 29F's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has Fujitsu General performed over the past 5 years?

-17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 29F has high quality earnings.

Growing Profit Margin: 29F's current net profit margins (3.4%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: 29F's earnings have declined by -17.3% per year over the past 5 years.

Accelerating Growth: 29F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 29F had negative earnings growth (-7%) over the past year, making it difficult to compare to the Consumer Durables industry average (-15.9%).


Return on Equity

High ROE: 29F's Return on Equity (8.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Fujitsu General's financial position?


Financial Position Analysis

Short Term Liabilities: 29F's short term assets (¥136.2B) exceed its short term liabilities (¥76.7B).

Long Term Liabilities: 29F's short term assets (¥136.2B) exceed its long term liabilities (¥20.7B).


Debt to Equity History and Analysis

Debt Level: 29F's debt to equity ratio (5.7%) is considered satisfactory.

Reducing Debt: 29F's debt to equity ratio has reduced from 15.4% to 5.7% over the past 5 years.

Debt Coverage: 29F's debt is well covered by operating cash flow (165.8%).

Interest Coverage: 29F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 29F has a high level of physical assets or inventory.

Debt Coverage by Assets: 29F's debt is covered by short term assets (assets are 21.3x debt).


Next Steps

  • Explore more healthy companies in the Consumer Durables industry.

Dividend

What is Fujitsu General's current dividend yield, its reliability and sustainability?

1.16%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Fujitsu General before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company1.2%marketbottom25%1.3%markettop25%3.6%industryaverage3.0%forecastin3Years1.4%

Current dividend yield vs market & industry

Notable Dividend: 29F's dividend (1.16%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: 29F's dividend (1.16%) is low compared to the top 25% of dividend payers in the German market (3.63%).


Stability and Growth of Payments

Stable Dividend: 29F's dividends per share have been stable in the past 10 years.

Growing Dividend: 29F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.5%), 29F'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

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Etsuro Saito (69yo)

4.7yrs

Tenure

0

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  ...


Leadership Team

NamePositionTenureCompensationOwnership
Etsuro Saito
Executive President & Representative Director4.7yrsno data0.012% ¥250.6k
Hiroshi Niwayama
Corporate Senior EVP & Director15.7yrsno data0.026% ¥543.1k
Norio Yamaichi
Corporate First Senior Vice President & Director0yrsno data0.011% ¥220.9k
Tsunenao Kosuda
Corporate Senior Executive VP14.7yrsno data0.021% ¥441.7k
Hiroyuki Yokoyama
Corporate First Senior VP & Director2.7yrsno data0.0056% ¥117.4k
Yoshinobu Miyajima
Corporate Senior Vice President0yrsno datano data
Susumu Ohkawara
Corporate Senior VP & Chief of Office of the President0yrsno datano data
Kimihiko Shimizu
Corporate Senior VP & GM of GDM Promotion Division0yrsno datano data
Masataka Eto
Corporate Senior Vice President1.1yrsno datano data
Yosuke Nakagawa
Corporate Senior Vice President1.1yrsno datano data

1.6yrs

Average Tenure

64yo

Average Age

Experienced Management: 29F's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Etsuro Saito
Executive President & Representative Director4.7yrsno data0.012% ¥250.6k
Hiroshi Niwayama
Corporate Senior EVP & Director15.7yrsno data0.026% ¥543.1k
Norio Yamaichi
Corporate First Senior Vice President & Director0yrsno data0.011% ¥220.9k
Tsunenao Kosuda
Corporate Senior Executive VP14.7yrsno data0.021% ¥441.7k
Hiroyuki Yokoyama
Corporate First Senior VP & Director2.7yrsno data0.0056% ¥117.4k
Tadashi Hasegawa
Corporate First Senior VP & Director1.7yrsno data0.00076% ¥15.8k
Masaki Sugiyama
Corporate First Senior VP & Director3.7yrsno data0.0023% ¥47.7k
Junichi Murashima
Chairman4.7yrsno data0.020% ¥409.9k
Hisashi Sakamaki
External Director0yrsno datano data
Fumiaki Terasaka
Director2.7yrsno data0.00019% ¥4.0k

3.7yrs

Average Tenure

69yo

Average Age

Experienced Board: 29F's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fujitsu General Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fujitsu General Limited
  • Ticker: 29F
  • Exchange: BST
  • Founded: 1936
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: JP¥252.569b
  • Listing Market Cap: JP¥2.082b
  • Shares outstanding: 104.63m
  • Website: https://www.fujitsu-general.com

Number of Employees


Location

  • Fujitsu General Limited
  • 3-3-17, Suenaga
  • Takatsu-ku
  • Kawasaki
  • Kanagawa
  • 213-8502
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6755TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYJan 1992
FGEL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1992
29FBST (Boerse-Stuttgart)YesCommon SharesDEEURJan 1992

Biography

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. Fujitsu General Limited was founded in 1936 and is headquartered in Kawasaki, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 23:04
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
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.