DB:FJI

Stock Analysis Report

FUJIFILM Holdings

Executive Summary

FUJIFILM Holdings Corporation develops, produces, sells, and services imaging, healthcare and material, and document solutions worldwide.


Snowflake Analysis

Solid track record with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

1.4%

FJI

-2.7%

DE Tech

0.1%

DE Market


1 Year Return

11.8%

FJI

14.0%

DE Tech

14.1%

DE Market

Return vs Industry: FJI exceeded the German Tech industry which returned 14% over the past year.

Return vs Market: FJI exceeded the German Market which returned 14.1% over the past year.


Shareholder returns

FJIIndustryMarket
7 Day1.4%-2.7%0.1%
30 Day-3.8%10.7%0.2%
90 Day6.6%17.4%3.3%
1 Year13.8%11.8%14.9%14.0%17.6%14.1%
3 Year33.3%26.6%152.9%147.6%14.8%4.8%
5 Year62.7%49.7%92.1%69.7%22.2%5.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is FUJIFILM Holdings undervalued compared to its fair value and its price relative to the market?

13.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FJI (€46) is trading above our estimate of fair value (€44.05)

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


Price To Earnings Ratio

PE vs Industry: FJI is good value based on its PE Ratio (14x) compared to the Tech industry average (25.4x).

PE vs Market: FJI is good value based on its PE Ratio (14x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: FJI is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: FJI is good value based on its PB Ratio (1.1x) compared to the XE Tech industry average (1.3x).


Next Steps

Future Growth

How is FUJIFILM Holdings forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FJI's forecast earnings growth (7.1% per year) is above the savings rate (-0.4%).

Earnings vs Market: FJI's earnings (7.1% per year) are forecast to grow slower than the German market (13.3% per year).

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

Revenue vs Market: FJI's revenue (3.5% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: FJI's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FJI's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has FUJIFILM Holdings performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FJI has high quality earnings.

Growing Profit Margin: FJI's current net profit margins (6.7%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: FJI's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: FJI's earnings growth over the past year (34.5%) exceeds its 5-year average (6.1% per year).

Earnings vs Industry: FJI earnings growth over the past year (34.5%) exceeded the Tech industry -8.4%.


Return on Equity

High ROE: FJI's Return on Equity (8.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is FUJIFILM Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: FJI's short term assets (¥1,594.0B) exceed its short term liabilities (¥807.2B).

Long Term Liabilities: FJI's short term assets (¥1,594.0B) exceed its long term liabilities (¥548.3B).


Debt to Equity History and Analysis

Debt Level: FJI's debt to equity ratio (31.7%) is considered satisfactory.

Reducing Debt: FJI's debt to equity ratio has increased from 15.9% to 31.7% over the past 5 years.

Debt Coverage: FJI's debt is well covered by operating cash flow (40.4%).

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


Balance Sheet

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

Debt Coverage by Assets: FJI's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

What is FUJIFILM Holdings's current dividend yield, its reliability and sustainability?

1.76%

Current Dividend Yield


Upcoming Dividend Payment

TodayFeb 20 2020Ex Dividend DateMar 30 2020Dividend Pay DateJun 28 202090 days from Ex DividendBuy in the next 39 days to receive upcoming dividend

Dividend Yield vs Market

Notable Dividend: FJI's dividend (1.76%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: FJI's dividend (1.76%) is low compared to the top 25% of dividend payers in the German market (3.57%).


Stability and Growth of Payments

Stable Dividend: FJI's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.7%), FJI'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?

3.7yrs

Average management tenure


CEO

Shigetaka Komori (79yo)

17.1yrs

Tenure

JP¥312,000,000

Compensation

Mr. Shigetaka Komori has been the Chairman and Group Chief Executive Officer of FUJIFILM Holdings Corporation since 2012 and 2003 respectively. Mr. Komori has been the Chairman and Chief Executive Officer  ...


CEO Compensation Analysis

Compensation vs Market: Shigetaka's total compensation ($USD2.84M) is below average for companies of similar size in the German market ($USD4.36M).

Compensation vs Earnings: Shigetaka's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Shigetaka Komori
Chairman & Group CEO17.1yrsJP¥312.00m0.0060% ¥1.1m
Kenji Sukeno
President7.1yrsJP¥201.00m0.0017% ¥309.9k
Takashi Iwasaki
Director2.1yrsJP¥12.00m0.00044% ¥80.2k
Kouichi Tamai
Senior EVP & Director9.7yrsJP¥42.00m0.0036% ¥647.1k
Junji Okada
Director0yrsJP¥24.00m0.00030% ¥54.7k

3.7yrs

Average Tenure

66yo

Average Age

Experienced Management: FJI's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shigetaka Komori
Chairman & Group CEO17.1yrsJP¥312.00m0.0060% ¥1.1m
Kenji Sukeno
President7.1yrsJP¥201.00m0.0017% ¥309.9k
Takashi Iwasaki
Director2.1yrsJP¥12.00m0.00044% ¥80.2k
Kouichi Tamai
Senior EVP & Director9.7yrsJP¥42.00m0.0036% ¥647.1k
Junji Okada
Director0yrsJP¥24.00m0.00030% ¥54.7k
Kunitaro Kitamura
Independent Director2.6yrsno datano data
Tatsuo Kawada
Independent Director2.7yrsno datano data
Takatoshi Ishikawa
Director1.1yrsno data0.00074% ¥134.9k
Teiichi Goto
Director0yrsJP¥7.00m0.00057% ¥103.9k
Makoto Kaiami
Outside Director2.7yrsno datano data

2.7yrs

Average Tenure

67yo

Average Age

Experienced Board: FJI's board of directors are not considered experienced ( 2.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FUJIFILM Holdings Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FUJIFILM Holdings Corporation
  • Ticker: FJI
  • Exchange: DB
  • Founded: 1934
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: JP¥2.186t
  • Listing Market Cap: JP¥18.228b
  • Shares outstanding: 406.03m
  • Website: https://www.fujifilmholdings.com

Number of Employees


Location

  • FUJIFILM Holdings Corporation
  • 7-3, Akasaka 9-chome
  • Minato-ku
  • Tokyo
  • 107-0052
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
4901TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1975
FUJI.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1975
FJIDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975
FUJI.YOTCPK (Pink Sheets LLC)ADR 2 ORDUSUSDJan 1980

Biography

FUJIFILM Holdings Corporation develops, produces, sells, and services imaging, healthcare and material, and document solutions worldwide. Its photo and electronic imaging solutions include color films and others, such as color negative films, single-use cameras, color reversal films, and instant films; color paper and chemicals comprising photographic paper for color prints, inkjet papers, and photofinishing chemicals; photofinishing equipment consisting of film processors/printing equipment, digital minilabs/inkjet-system dry minilabs, and thermal photo printers; digital cameras and camera accessories; and TV camera/cine, and security lenses, as well as film processing and photo printing services. The company also provides healthcare and material products, such as digital X-ray imaging and diagnostic systems, digital mammography systems, medical-use picture archiving and communications systems, dry imaging films/dry imagers, X-ray films, digital endoscopes, low-molecular pharmaceuticals, radiopharmaceuticals, functional cosmetics, and nutritional supplement products. In addition, it offers graphic systems, including computer-to-plate plates and plate setters, industrial inkjet printers and inks, and industrial inkjet printer heads; flat panel display materials, such as protective films for polarizers, WV films for expanding viewing angles, and transfer films; recording media comprising data cartridges and professional-use videotape products; and industrial products that include electronic materials/photoresist products, pressure/heat measurement films, and non-destructive testing systems. Further, the company provides office products, such as color/monochrome digital multifunction devices and DocuWorks document handling software; color/monochrome office printers; and consumables, as well as on-demand publishing and computer printing systems, and document outsourcing services. FUJIFILM Holdings Corporation was founded in 1934 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 22:11
End of Day Share Price2020/02/19 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.