DB:FJH

Stock Analysis Report

Macnica Fuji Electronics Holdings

Executive Summary

Macnica Fuji Electronics Holdings, Inc., through its subsidiaries, engages in the import, export, and distribution of electronic components in Japan and internationally.

Rewards

Trading at 95.6% below its fair value

Earnings are forecast to grow 19.62% per year

Risk Analysis

Has a high level of debt

Unstable dividend track record

Profit margins (1.2%) are lower than last year (1.9%)

Shareholders have been diluted in the past year



Snowflake Analysis

Very undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has Macnica Fuji Electronics Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.4%

FJH

2.6%

DE Electronic

2.0%

DE Market


1 Year Return

16.0%

FJH

13.4%

DE Electronic

15.1%

DE Market

Return vs Industry: FJH exceeded the German Electronic industry which returned 13.9% over the past year.

Return vs Market: FJH exceeded the German Market which returned 15% over the past year.


Shareholder returns

FJHIndustryMarket
7 Day-1.4%2.6%2.0%
30 Day-3.4%9.1%1.0%
90 Day-4.1%8.0%3.8%
1 Year20.1%16.0%15.9%13.4%18.6%15.1%
3 Year13.1%3.9%54.4%49.2%16.8%6.6%
5 Yearn/a121.9%105.8%23.7%6.7%

Price Volatility Vs. Market

How volatile is Macnica Fuji Electronics Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Macnica Fuji Electronics Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FJH (€14.2) is trading below our estimate of fair value (€324.29)

Significantly Below Fair Value: FJH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FJH is good value based on its PE Ratio (17.8x) compared to the Electronic industry average (33.7x).

PE vs Market: FJH is good value based on its PE Ratio (17.8x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: FJH is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: FJH is good value based on its PB Ratio (0.8x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Macnica Fuji Electronics Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

19.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FJH's forecast earnings growth (19.6% per year) is above the savings rate (-0.4%).

Earnings vs Market: FJH's earnings (19.6% per year) are forecast to grow faster than the German market (13.3% per year).

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

Revenue vs Market: FJH's revenue (5.7% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: FJH's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Macnica Fuji Electronics Holdings performed over the past 5 years?

13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FJH has high quality earnings.

Growing Profit Margin: FJH's current net profit margins (1.2%) are lower than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: FJH's earnings have grown by 13.2% per year over the past 5 years.

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

Earnings vs Industry: FJH had negative earnings growth (-40.9%) over the past year, making it difficult to compare to the Electronic industry average (-3.9%).


Return on Equity

High ROE: FJH's Return on Equity (4.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Macnica Fuji Electronics Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: FJH's short term assets (¥242.3B) exceed its short term liabilities (¥120.8B).

Long Term Liabilities: FJH's short term assets (¥242.3B) exceed its long term liabilities (¥13.8B).


Debt to Equity History and Analysis

Debt Level: FJH's debt to equity ratio (47.1%) is considered high.

Reducing Debt: FJH's debt to equity ratio has increased from 16.6% to 47.1% over the past 5 years.

Debt Coverage: FJH's debt is well covered by operating cash flow (82.5%).

Interest Coverage: FJH's interest payments on its debt are well covered by EBIT (9.5x coverage).


Balance Sheet

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

Debt Coverage by Assets: FJH's debt is covered by short term assets (assets are 3.8x debt).


Next Steps

Dividend

What is Macnica Fuji Electronics Holdings's current dividend yield, its reliability and sustainability?

2.93%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Macnica Fuji Electronics Holdings before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.9%marketbottom25%1.3%markettop25%3.6%industryaverage1.2%forecastin3Years2.9%

Current dividend yield vs market & industry

Notable Dividend: FJH's dividend (2.93%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: FJH's dividend (2.93%) is low compared to the top 25% of dividend payers in the German market (3.59%).


Stability and Growth of Payments

Stable Dividend: FJH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FJH has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.1%), FJH's dividend payments are 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?

1.1yrs

Average management tenure


CEO

Kiyoshi Nakashima (64yo)

0

Mr. Kiyoshi Nakashima serves as the Chief Executive Officer at Macnica Fuji Electronics Holdings, Inc and was its President until 2019 and has been its Chairman since 2019 . Mr. Nakashima has been the Pres ...


Leadership Team

NamePositionTenureCompensationOwnership
Kiyoshi Nakashima
Chairman & CEO0yrsno data0.12% ¥1.0m
Hara Kazumasa
President1.1yrsno datano data
Shigeyuki Sano
Managing Executive Officer & Director0yrsno data0.078% ¥655.6k
Fumihiko Arai
Managing Executive Officer & Director0yrsno data0.0013% ¥10.7k
Shinichi Onodera
Managing Executive Officer & Director0yrsno datano data
David Daekyung Seu
Managing Executive Officer & Director0yrsno datano data
Sato Takemasa
Managing Executive Officer & Director1.1yrsno datano data
Hasegawa Futoshi
Executive Officer1.1yrsno datano data
Senga Koji
Executive Officer1.1yrsno datano data
Shoichi Teshiba
Executive Officer1.1yrsno datano data

1.1yrs

Average Tenure

60yo

Average Age

Experienced Management: FJH's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kiyoshi Nakashima
Chairman & CEO0yrsno data0.12% ¥1.0m
Hara Kazumasa
President1.1yrsno datano data
Shigeyuki Sano
Managing Executive Officer & Director0yrsno data0.078% ¥655.6k
Fumihiko Arai
Managing Executive Officer & Director0yrsno data0.0013% ¥10.7k
Shinichi Onodera
Managing Executive Officer & Director0yrsno datano data
David Daekyung Seu
Managing Executive Officer & Director0yrsno datano data
Sato Takemasa
Managing Executive Officer & Director1.1yrsno datano data
Miyoshi Akinobu
Executive VP & Representative Director1.1yrsno datano data
Kunio Ikisu
Vice Chairman0yrsno data1.79% ¥15.2m
Ei-ichi Nishizawa
Director0yrsno data0.00051% ¥4.3k

1.1yrs

Average Tenure

62yo

Average Age

Experienced Board: FJH's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

Macnica Fuji Electronics Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Macnica Fuji Electronics Holdings, Inc.
  • Ticker: FJH
  • Exchange: DB
  • Founded: 2015
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: JP¥100.592b
  • Listing Market Cap: JP¥844.667m
  • Shares outstanding: 59.00m
  • Website: https://www.macfehd.co.jp

Number of Employees


Location

  • Macnica Fuji Electronics Holdings, Inc.
  • 1-6-3 Shin-Yokohama
  • Kouhoku-ku
  • Yokohama
  • Kanagawa
  • 222-8561
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3132TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYApr 2015
FJHDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2015

Biography

Macnica Fuji Electronics Holdings, Inc., through its subsidiaries, engages in the import, export, and distribution of electronic components in Japan and internationally. It offers semiconductor devices and ICs. The company was founded in 2015 and is headquartered in Yokohama, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 22:21
End of Day Share Price2020/02/17 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.