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Fixstars

BST:FIX
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FIX
BST
¥43B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Fixstars Corporation operates as a software company in Japan and internationally. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
  • Fixstars has significant price volatility in the past 3 months.
FIX Share Price and Events
7 Day Returns
-6%
BST:FIX
2.3%
DE Software
3%
DE Market
1 Year Returns
-2.6%
BST:FIX
9.5%
DE Software
-12.1%
DE Market
FIX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fixstars (FIX) -6% -7.7% -17.7% -2.6% 400.8% -
DE Software 2.3% 3.9% 2.9% 9.5% 37.6% 67.2%
DE Market 3% 2.8% -0.7% -12.1% 11.8% 4.9%
1 Year Return vs Industry and Market
  • FIX underperformed the Software industry which returned 9.5% over the past year.
  • FIX outperformed the Market in Germany which returned -12.1% over the past year.
Price Volatility
FIX
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Fixstars 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 Fixstars 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 Fixstars.

BST:FIX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
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:FIX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Software Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.89 (1 + (1- 30.86%) (0%))
0.89
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.89 * 9.77%)
8.93%

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

The calculations below outline how an intrinsic value for Fixstars is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:FIX DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (JPY, Millions) 477.73 540.98 612.60 693.70 785.55
Source Est @ 13.24% Est @ 13.24% Est @ 13.24% Est @ 13.24% Est @ 13.24%
Present Value
Discounted (@ 8.93%)
438.58 455.94 474.00 492.76 512.27
Present value of next 5 years cash flows ¥2,373.55
BST:FIX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ¥785.55 × (1 + 0.23%) ÷ (8.93% – 0.23%)
¥9,051.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ¥9,051.28 ÷ (1 + 8.93%)5
¥5,902.56
BST:FIX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ¥2,373.55 + ¥5,902.56
¥8,276.11
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥8,276.11 / 33.01
¥1.84
BST:FIX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:FIX represents 0.00735x of TSE:3687
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00735x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 250.72 x 0.00735
€1.84
Value per share (EUR) From above. €1.84
Current discount Discount to share price of €9.47
= -1 x (€9.47 - €1.84) / €1.84
-413.7%

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

  • The current share price of Fixstars is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Fixstars's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fixstars's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:FIX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥24.93
TSE:3687 Share Price ** TSE (2019-02-15) in JPY ¥1288
Germany Software Industry PE Ratio Median Figure of 23 Publicly-Listed Software Companies 37.15x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 18.21x

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

** Primary Listing of Fixstars.

BST:FIX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3687 Share Price ÷ EPS (both in JPY)

= 1288 ÷ 24.93

51.66x

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

  • Fixstars is overvalued based on earnings compared to the DE Software industry average.
  • Fixstars is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Fixstars's expected growth come at a high price?
Raw Data
BST:FIX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
10.7%per year
Germany Software Industry PEG Ratio Median Figure of 17 Publicly-Listed Software Companies 1.39x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 51.66x ÷ 10.7%

4.82x

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

  • Fixstars is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fixstars's assets?
Raw Data
BST:FIX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥79.04
TSE:3687 Share Price * TSE (2019-02-15) in JPY ¥1288
Germany Software Industry PB Ratio Median Figure of 33 Publicly-Listed Software Companies 2.81x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.79x
BST:FIX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3687 Share Price ÷ Book Value per Share (both in JPY)

= 1288 ÷ 79.04

16.3x

* Primary Listing of Fixstars.

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

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

Future Performance

 How is Fixstars expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fixstars expected to grow at an attractive rate?
  • Fixstars's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Fixstars's earnings growth is expected to exceed the Germany market average.
  • Fixstars's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:FIX Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:FIX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 10.7%
BST:FIX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 10%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:FIX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:FIX Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 7,780 1,075 1
2020-09-30 6,980 935 1
2019-09-30 6,500 800 1
BST:FIX Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 5,851 827
2018-09-30 5,275 621 823
2018-06-30 4,899 702
2018-03-31 4,696 839 652
2017-12-31 4,574 665
2017-09-30 4,450 555 557
2017-06-30 4,206 496
2017-03-31 4,105 391 504
2016-12-31 4,036 459
2016-09-30 4,063 311 516
2016-06-30 4,042 489
2016-03-31 3,902 295 448

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fixstars's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Fixstars's revenue is expected to grow by 10% 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:FIX 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 1 Analyst Estimates (S&P Global) See Below

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

BST:FIX Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 32.60 32.60 32.60 1.00
2020-09-30 28.30 28.30 28.30 1.00
2019-09-30 24.20 24.20 24.20 1.00
BST:FIX Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 24.93
2018-09-30 24.80
2018-06-30 21.13
2018-03-31 19.57
2017-12-31 19.90
2017-09-30 16.62
2017-06-30 14.78
2017-03-31 15.02
2016-12-31 13.71
2016-09-30 15.46
2016-06-30 14.71
2016-03-31 13.55

*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 Fixstars will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fixstars'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.
Fixstars has a total score of 3/6, 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.

Past Performance

  How has Fixstars 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 Fixstars's growth in the last year to its industry (Software).
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.
  • Fixstars has delivered over 20% year on year earnings growth in the past 5 years.
  • Fixstars's 1-year earnings growth exceeds its 5-year average (24.4% vs 20.8%)
  • Fixstars's earnings growth has exceeded the DE Software industry average in the past year (24.4% vs 4.1%).
Earnings and Revenue History
Fixstars'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 Fixstars Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:FIX Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,851.00 827.00 952.00 149.00
2018-09-30 5,275.00 823.00 866.00 149.00
2018-06-30 4,899.00 702.00 822.00 130.00
2018-03-31 4,696.00 652.00 741.00 130.00
2017-12-31 4,574.00 665.00 662.00 130.00
2017-09-30 4,450.00 557.00 669.00 130.00
2017-06-30 4,206.00 496.00 608.00 191.00
2017-03-31 4,105.00 504.00 593.00 191.00
2016-12-31 4,036.00 459.00 601.00 191.00
2016-09-30 4,063.00 516.00 565.00 191.00
2016-06-30 4,042.00 489.00 642.00 203.00
2016-03-31 3,902.00 448.00 629.00 203.00
2015-12-31 3,807.00 431.00 641.00 203.00
2015-09-30 3,582.00 447.00 605.00 203.00
2015-06-30 3,424.00 441.00 569.00 151.00
2015-03-31 3,264.00 381.00 581.00 151.00
2014-12-31 3,115.00 330.00 550.00 151.00
2014-09-30 2,938.00 273.00 510.00 151.00
2013-09-30 1,725.00 169.00 452.00
2012-09-30 1,441.00 104.00 378.00

*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.
  • Fixstars has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Fixstars used its assets more efficiently than the DE Software industry average last year based on Return on Assets.
  • Fixstars has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fixstars'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 Software 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.
Fixstars has a total score of 6/6, 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.

Health

 How is Fixstars'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 Fixstars's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fixstars is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fixstars's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fixstars'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.
  • Fixstars has no debt, it does not need to be covered by short term assets.
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 Fixstars Company Filings, last reported 1 month ago.

BST:FIX Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,647.00 0.00 1,120.00
2018-09-30 2,965.00 0.00 1,676.00
2018-06-30 2,686.00 0.00 1,564.00
2018-03-31 2,500.00 0.00 1,528.00
2017-12-31 2,292.00 0.00 1,244.00
2017-09-30 2,272.00 0.00 1,342.00
2017-06-30 2,430.00 0.00 1,261.00
2017-03-31 2,320.00 0.00 1,147.00
2016-12-31 2,104.00 10.00 1,057.00
2016-09-30 2,165.00 10.00 1,198.00
2016-06-30 2,048.00 40.00 1,023.00
2016-03-31 1,914.00 40.00 985.00
2015-12-31 1,846.00 30.00 867.00
2015-09-30 1,841.00 30.00 1,131.00
2015-06-30 1,740.00 40.00 939.00
2015-03-31 1,630.00 40.00 874.00
2014-12-31 1,486.00 60.00 777.00
2014-09-30 1,383.00 60.00 946.00
2013-09-30 685.00 187.00 455.00
2012-09-30 436.00 292.00 393.00
  • Fixstars has no debt.
  • Fixstars has no debt compared to 5 years ago when it was 17.9%.
  • Fixstars has no debt, it does not need to be covered by operating cash flow.
  • Fixstars has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Fixstars'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. Fixstars 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.

Dividends

 What is Fixstars'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
0.54%
Current annual income from Fixstars dividends. Estimated to be 0.6% next year.
If you bought €2,000 of Fixstars 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?
  • Fixstars's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.53%).
  • Fixstars's dividend is below the markets top 25% of dividend payers in Germany (3.96%).
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:FIX 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 1 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

BST:FIX Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 8.00 1.00
2020-09-30 8.00 1.00
2019-09-30 7.00 1.00
BST:FIX Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-12-13 7.000 0.576
2018-11-07 7.000 0.535
2018-05-10 6.500 0.434
2017-12-14 5.200 0.362
2017-11-10 5.200 0.493
2016-12-15 4.600 0.650
2016-11-10 4.600 0.697
2015-12-17 4.000 0.882
2015-11-12 4.000 0.801
2015-05-07 2.800 0.494
2014-12-24 2.400 0.388
2014-11-10 2.400 0.381
2014-08-05 2.200 0.296
2014-05-08 2.200 0.353
2014-04-23 1.200 0.351

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

  • Fixstars is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Fixstars is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Fixstars's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Fixstars's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Fixstars's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Fixstars'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 Fixstars afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fixstars 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.

Management

 What is the CEO of Fixstars'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
Satoshi Miki
AGE 47
TENURE AS CEO 16.3 years
CEO Bio

Mr. Satoshi Miki serves as the Chief Executive Officer of Fixstars Solutions, Inc. Mr. Miki co-founded of Fixstars Corporation in 2002 and serves as its Chief Executive Officer. He serves as the Chief Executive Officer Fixstars Corporation. Mr. Miki served as the President of Fixstars Corporation from October 2002 to 2018 and served as its Executive Officer until 2018. His research interests include virtual machine monitors and operating systems. He founded SoftWorld Inc. in 1998 and serves as its Vice-President. He has been Representative Director of Fixstars Corporation since October 2002. He Graduated from the School of Commerce at Waseda University in 1995. He holds Ph.D. in Computer Science at the Tsukuba University.

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

Average tenure and age of the Fixstars management team in years:

11.8
Average Tenure
47
Average Age
  • The average tenure for the Fixstars management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Satoshi Miki

TITLE
Founder
AGE
47
TENURE
16.3 yrs

Minako Hori

TITLE
Executive Officer
AGE
40
TENURE
11.8 yrs

Akihiro Asahara

TITLE
Chief Executive Officer of Fixstars Solutions

Toshiyuki Hachisuka

TITLE
Executive Officer and Director
AGE
47

Owen Stampflee

TITLE
Linux Product Manager of Fixstars Solutions
TENURE
3.1 yrs

Yasuhiko Shiota

TITLE
Executive Officer

Satoshi Hada

TITLE
Executive Officer

Akihiko Tomita

TITLE
Executive Officer

Daichi Furusaka

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Fixstars board of directors in years:

9.2
Average Tenure
64
Average Age
  • The tenure for the Fixstars board of directors is about average.
Board of Directors

Minako Hori

TITLE
Executive Officer
AGE
40
TENURE
11.2 yrs

Toshiyuki Hachisuka

TITLE
Executive Officer and Director
AGE
47
TENURE
10.2 yrs

Michael Cusumano

TITLE
External Director
AGE
63
TENURE
3.2 yrs

Satoshi Miki

TITLE
Founder
AGE
47
TENURE
16.3 yrs

Kyoichi Oishi

TITLE
External Director
AGE
80
TENURE
9.2 yrs

Naoki Endo

TITLE
Outside Director
TENURE
0.2 yrs

Yoji Nikaido

TITLE
External Auditor
AGE
75
TENURE
11.3 yrs

Yuzo Izumitani

TITLE
External Standing Corporate Auditor
AGE
65
TENURE
5.8 yrs

Yoichi Shikata

TITLE
External Auditor
AGE
71
TENURE
9.2 yrs
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 Fixstars'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. Fixstars 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.

News

Simply Wall St News

Company Info

Map
Description

Fixstars Corporation operates as a software company in Japan and internationally. It offers M³, a software platform that enables developers to build multi-core, multi-node, and multi-architecture applications, as well as provides solution for building data analysis, image processing, financial modeling, and computer vision applications on a cross-architecture foundation. The company also offers geometric performance primitives library, a computational geometry engine for use in graphical information systems, electronic design automation, computer vision, and motion planning solutions; and FlashAir, a SDHC memory card with embedded wireless LAN functionality for use in PCs and smart phones. In addition, it provides Yellow Dog Appliance Server, which offers functionality for big data analysis, solutions in industrial applications, scientific technology simulations, and open source infrastructure services. Further, the company offers end-to-end service for multi-core processing systems comprising installation support, application consulting, and training; processor evaluation; software development and optimization; OS firmware development support; system configuration; training for software developers; and other services. Fixstars Corporation was founded in 2002 and is headquartered in Tokyo, Japan.

Details
Name: Fixstars Corporation
FIX
Exchange: BST
Founded: 2002
¥341,253,189
33,009,490
Website: http://www.us.fixstars.com
Address: Fixstars Corporation
Ohsaki West Tower,
18th Floor,
Tokyo,
141-0032,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3687 Common Shares The Tokyo Stock Exchange JP JPY 23. Apr 2014
BST FIX Common Shares Boerse-Stuttgart DE EUR 23. Apr 2014
Number of employees
Current staff
Staff numbers
176
Fixstars employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/17 22:57
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/14
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.