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FUJIFILM Holdings

DB:FJI
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FJI
DB
¥2,157B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

FUJIFILM Holdings Corporation develops, produces, sells, and services imaging, information, and document solutions worldwide. The last earnings update was 68 days ago. More info.


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FJI Share Price and Events
7 Day Returns
1.4%
DB:FJI
0.1%
DE Tech
1.5%
DE Market
1 Year Returns
28.4%
DB:FJI
-0.1%
DE Tech
-6.2%
DE Market
FJI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FUJIFILM Holdings (FJI) 1.4% 3.1% 16.2% 28.4% 15.5% 125%
DE Tech 0.1% 3.2% 13.4% -0.1% 68.2% 106.8%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • FJI outperformed the Tech industry which returned -0.1% over the past year.
  • FJI outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
FJI
Industry
5yr Volatility vs Market
Related Companies

FJI Value

 Is FUJIFILM Holdings 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 FUJIFILM Holdings 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 FUJIFILM Holdings.

DB:FJI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
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 DB:FJI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.044 (1 + (1- 30.86%) (25.42%))
1.153
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.153 * 5.96%)
7.1%

Discounted Cash Flow Calculation for DB:FJI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for FUJIFILM Holdings 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.

DB:FJI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.1%)
2019 180,747.35 Analyst x4 168,767.25
2020 191,509.17 Analyst x6 166,963.71
2021 198,247.93 Analyst x6 161,382.86
2022 170,500.00 Analyst x1 129,595.35
2023 163,200.00 Analyst x1 115,824.77
2024 158,310.10 Est @ -3% 104,907.41
2025 155,098.01 Est @ -2.03% 95,966.58
2026 153,001.26 Est @ -1.35% 88,394.46
2027 151,658.02 Est @ -0.88% 81,811.00
2028 150,829.75 Est @ -0.55% 75,971.30
Present value of next 10 years cash flows ¥1,189,584.69
DB:FJI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥150,829.75 × (1 + 0.23%) ÷ (7.1% – 0.23%)
¥2,200,301.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥2,200,301.44 ÷ (1 + 7.1%)10
¥1,108,267.86
DB:FJI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,189,584.69 + ¥1,108,267.86
¥2,297,852.54
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥2,297,852.54 / 409.23
¥5615
DB:FJI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FJI represents 0.00794x of TSE:4901
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00794x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 5,615.00 x 0.00794
€44.59
Value per share (EUR) From above. €44.59
Current discount Discount to share price of €41.86
= -1 x (€41.86 - €44.59) / €44.59
6.1%

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

Current Discount
Amount off the current price FUJIFILM Holdings is available for.
Intrinsic value
6%
Share price is €41.86 vs Future cash flow value of €44.59
Current Discount Checks
For FUJIFILM Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FUJIFILM Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • FUJIFILM Holdings'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 FUJIFILM Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FUJIFILM Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FJI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥274.11
TSE:4901 Share Price ** TSE (2019-04-23) in JPY ¥5271
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of FUJIFILM Holdings.

DB:FJI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:4901 Share Price ÷ EPS (both in JPY)

= 5271 ÷ 274.11

19.23x

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

  • FUJIFILM Holdings is overvalued based on earnings compared to the Europe Tech industry average.
  • FUJIFILM Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does FUJIFILM Holdings's expected growth come at a high price?
Raw Data
DB:FJI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
12.9%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:FJI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.23x ÷ 12.9%

1.49x

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

  • FUJIFILM Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on FUJIFILM Holdings's assets?
Raw Data
DB:FJI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥4,923.89
TSE:4901 Share Price * TSE (2019-04-23) in JPY ¥5271
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:FJI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4901 Share Price ÷ Book Value per Share (both in JPY)

= 5271 ÷ 4,923.89

1.07x

* Primary Listing of FUJIFILM Holdings.

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

  • FUJIFILM Holdings is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess FUJIFILM Holdings'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. FUJIFILM Holdings has a total score of 2/6, 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.

FJI Future Performance

 How is FUJIFILM Holdings expected to perform in the next 1 to 3 years based on estimates from 13 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
12.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FUJIFILM Holdings expected to grow at an attractive rate?
  • FUJIFILM Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • FUJIFILM Holdings's earnings growth is expected to exceed the Germany market average.
  • FUJIFILM Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FJI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FJI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 12.9%
DB:FJI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 7.7%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:FJI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FJI Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 3,792,800 1
2023-03-31 3,754,200 1
2022-03-31 3,715,900 1
2021-03-31 2,609,721 286,806 166,417 11
2020-03-31 2,553,411 289,127 158,242 13
2019-03-31 2,446,311 292,310 131,199 13
DB:FJI Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 2,423,499 249,033 117,236
2018-09-30 2,418,170 235,451 135,289
2018-06-30 2,426,769 254,764 125,216
2018-03-31 2,433,365 261,152 140,694
2017-12-31 2,439,584 251,175 177,278
2017-09-30 2,396,484 259,696 168,021
2017-06-30 2,347,806 277,348 163,240
2017-03-31 2,322,163 288,619 131,506
2016-12-31 2,327,702 272,021 114,874
2016-09-30 2,358,394 266,544 106,256
2016-06-30 2,419,552 259,552 105,707
2016-03-31 2,460,383 223,479 116,402

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FUJIFILM Holdings's earnings are expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
  • FUJIFILM Holdings's revenue is expected to grow by 7.7% 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
DB:FJI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from FUJIFILM Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FJI Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 411.86 457.00 297.20 12.00
2020-03-31 387.22 414.47 289.80 14.00
2019-03-31 314.83 336.00 276.31 14.00
DB:FJI Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 274.11
2018-09-30 313.16
2018-06-30 288.37
2018-03-31 322.62
2017-12-31 405.06
2017-09-30 383.45
2017-06-30 370.42
2017-03-31 296.27
2016-12-31 256.70
2016-09-30 234.72
2016-06-30 230.76
2016-03-31 250.03

*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.
  • FUJIFILM Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FUJIFILM Holdings'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
FUJIFILM Holdings 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.

FJI Past Performance

  How has FUJIFILM Holdings 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 FUJIFILM Holdings's growth in the last year to its industry (Tech).
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.
  • FUJIFILM Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • FUJIFILM Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • FUJIFILM Holdings's 1-year earnings growth is negative, it can't be compared to the Europe Tech industry average.
Earnings and Revenue History
FUJIFILM Holdings'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 FUJIFILM Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FJI 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 2,423,499.00 117,236.00 670,252.00 165,237.00
2018-09-30 2,418,170.00 135,289.00 677,457.00 167,391.00
2018-06-30 2,426,769.00 125,216.00 673,786.00 169,216.00
2018-03-31 2,433,365.00 140,694.00 673,001.00 166,331.00
2017-12-31 2,439,584.00 177,278.00 634,712.00 157,151.00
2017-09-30 2,396,484.00 168,021.00 617,090.00 157,699.00
2017-06-30 2,347,806.00 163,240.00 604,984.00 157,720.00
2017-03-31 2,322,163.00 131,506.00 598,131.00 160,232.00
2016-12-31 2,327,702.00 114,874.00 597,231.00 160,309.00
2016-09-30 2,358,394.00 106,256.00 606,928.00 161,073.00
2016-06-30 2,419,552.00 105,707.00 621,075.00 161,680.00
2016-03-31 2,460,383.00 116,402.00 624,972.00 163,027.00
2015-12-31 2,487,890.00 102,024.00 644,774.00 164,022.00
2015-09-30 2,507,338.00 117,007.00 642,810.00 163,429.00
2015-06-30 2,493,947.00 119,875.00 633,299.00 162,801.00
2015-03-31 2,463,387.00 110,940.00 626,947.00 160,281.00
2014-12-31 2,444,146.00 98,247.00 617,783.00 161,472.00
2014-09-30 2,415,472.00 78,556.00 617,650.00 161,529.00
2014-06-30 2,405,469.00 70,436.00 617,518.00 160,869.00
2014-03-31 2,418,095.00 71,558.00 621,343.00 165,245.00
2013-12-31 2,362,756.00 84,492.00 594,419.00 167,745.00
2013-09-30 2,312,208.00 71,838.00 585,611.00 169,799.00
2013-06-30 2,249,942.00 63,293.00 576,777.00 171,676.00
2013-03-31 2,199,540.00 50,847.00 569,161.00 168,160.00
2012-12-31 2,187,952.00 48,910.00 589,154.00 170,441.00
2012-09-30 2,173,471.00 39,334.00 585,366.00 171,931.00
2012-06-30 2,183,497.00 31,749.00 582,801.00 172,604.00

*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.
  • FUJIFILM Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FUJIFILM Holdings used its assets less efficiently than the Europe Tech industry average last year based on Return on Assets.
  • FUJIFILM Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess FUJIFILM Holdings'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 Tech 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.
FUJIFILM Holdings has a total score of 1/6, 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.

FJI Health

 How is FUJIFILM Holdings'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 FUJIFILM Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FUJIFILM Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FUJIFILM Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FUJIFILM Holdings'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 3.2x 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 FUJIFILM Holdings Company Filings, last reported 3 months ago.

DB:FJI Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,242,117.00 548,304.00 649,634.00
2018-09-30 2,286,112.00 451,014.00 600,571.00
2018-06-30 2,337,256.00 452,790.00 723,911.00
2018-03-31 2,298,706.00 454,178.00 768,281.00
2017-12-31 2,405,453.00 470,747.00 655,241.00
2017-09-30 2,370,997.00 513,016.00 688,831.00
2017-06-30 2,339,947.00 613,513.00 801,401.00
2017-03-31 2,268,058.00 558,842.00 882,002.00
2016-12-31 2,248,757.00 367,955.00 646,713.00
2016-09-30 2,109,457.00 381,917.00 657,055.00
2016-06-30 2,134,847.00 337,002.00 628,389.00
2016-03-31 2,231,997.00 365,693.00 628,909.00
2015-12-31 2,343,228.00 383,622.00 641,015.00
2015-09-30 2,340,926.00 352,749.00 651,457.00
2015-06-30 2,442,918.00 358,839.00 721,042.00
2015-03-31 2,418,177.00 349,689.00 745,921.00
2014-12-31 2,416,999.00 385,307.00 731,955.00
2014-09-30 2,242,950.00 375,832.00 695,925.00
2014-06-30 2,167,049.00 342,278.00 659,250.00
2014-03-31 2,159,465.00 359,699.00 621,206.00
2013-12-31 2,197,324.00 379,708.00 556,680.00
2013-09-30 2,097,241.00 372,341.00 514,892.00
2013-06-30 2,078,404.00 358,618.00 504,338.00
2013-03-31 2,000,697.00 358,272.00 449,047.00
2012-12-31 1,934,719.00 418,327.00 436,347.00
2012-09-30 1,827,119.00 275,110.00 322,554.00
2012-06-30 1,827,850.00 201,346.00 265,807.00
  • FUJIFILM Holdings's level of debt (24.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.3% vs 24.5% today).
  • Debt is well covered by operating cash flow (45.4%, greater than 20% of total debt).
  • FUJIFILM Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess FUJIFILM Holdings'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. FUJIFILM Holdings has a total score of 5/6, 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.

FJI Dividends

 What is FUJIFILM Holdings'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
1.52%
Current annual income from FUJIFILM Holdings dividends. Estimated to be 1.74% next year.
If you bought €2,000 of FUJIFILM Holdings shares you are expected to receive €30 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?
  • FUJIFILM Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • FUJIFILM Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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
DB:FJI 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 13 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:FJI Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 94.58 12.00
2020-03-31 89.57 14.00
2019-03-31 80.36 14.00
DB:FJI Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-14 80.000 1.566
2019-02-07 80.000 1.644
2018-11-14 80.000 1.790
2018-11-07 80.000 1.691
2018-06-29 80.000 1.698
2018-05-18 80.000 1.876
2018-02-14 75.000 1.745
2018-01-31 75.000 1.676
2017-11-14 75.000 1.619
2017-10-31 75.000 1.638
2017-07-31 75.000 1.740
2017-06-12 75.000 1.843
2016-06-30 70.000 1.701
2016-04-27 70.000 1.622
2015-06-29 65.000 1.410
2015-04-30 65.000 1.398
2015-02-13 70.000 1.638
2015-01-28 70.000 1.766
2014-11-14 50.000 1.316
2014-06-30 40.000 1.241
2014-02-14 60.000 2.190
2014-01-30 60.000 2.085
2013-11-14 40.000 1.404
2013-10-30 40.000 1.647
2013-06-28 40.000 1.758
2013-02-14 40.000 2.000
2013-01-29 40.000 2.194
2012-10-31 40.000 2.575
2012-07-27 40.000 2.960
2012-06-29 40.000 2.873
2012-06-28 35.000 2.356
2012-04-27 40.000 2.628
2012-02-13 35.000 1.835
2012-01-30 35.000 1.919
2011-10-31 35.000 1.900
2011-07-29 35.000 1.844
2011-04-28 30.000 1.246
2011-02-10 30.000 1.143
2011-01-28 30.000 1.010
2010-11-12 30.000 1.021
2010-10-29 30.000 1.080
2010-06-30 30.000 1.114
2010-04-30 30.000 1.090
2010-01-29 25.000 0.820
2009-10-15 25.000 0.948
2009-07-31 25.000 0.911
2009-04-30 25.000 0.894
2009-04-24 35.000 1.383

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of FUJIFILM Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x 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 FUJIFILM Holdings'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 FUJIFILM Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FUJIFILM Holdings has a total score of 3/6, see the detailed checks below.


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

FJI Management

 What is the CEO of FUJIFILM Holdings'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
Shigetaka Komori
COMPENSATION ¥142,000,000
AGE 78
TENURE AS CEO 16.3 years
CEO Bio

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 of Fujifilm Corporation since 2012 and served as its President. He served as the Chief Executive Officer and President of Fuji Photo Film Co Ltd. He served as the President of FUJIFILM Holdings Corporation since 2000. Mr. Komori serves as Director and Former Chairman of Nippon Venture Capital Co., Ltd. He has been the Chairman of the Board of Fuji Xerox Co., Ltd. since June 27, 2017. He has been a Representative Director of FUJIFILM Holdings Corporation since 2000. He serves as Representative Director of Fujifilm Corporation. He serves as Director at Fujifilm Co. Ltd., Fuji Xerox Co., Ltd. He served as a Director of Fujinon Corporation and Daicel Corporation.

CEO Compensation
  • Shigetaka's compensation has been consistent with company performance over the past year.
  • Shigetaka's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the FUJIFILM Holdings management team in years:

2.8
Average Tenure
64.5
Average Age
  • The tenure for the FUJIFILM Holdings management team is about average.
Management Team

Shigetaka Komori

TITLE
Chairman & Group CEO
COMPENSATION
¥142M
AGE
78
TENURE
16.3 yrs

Kouichi Tamai

TITLE
Director
COMPENSATION
¥48M
AGE
65
TENURE
2.8 yrs

Kenji Sukeno

TITLE
President
AGE
64
TENURE
2.8 yrs

Takashi Iwasaki

TITLE
Director
AGE
62
TENURE
1.3 yrs

Akira Yoda

TITLE
Chief Digital Officer & Corporate VP
TENURE
1.8 yrs

Junji Okada

TITLE
Director
Board of Directors Tenure

Average tenure and age of the FUJIFILM Holdings board of directors in years:

1.8
Average Tenure
65.5
Average Age
  • The average tenure for the FUJIFILM Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shigetaka Komori

TITLE
Chairman & Group CEO
COMPENSATION
¥142M
AGE
78
TENURE
7.3 yrs

Kouichi Tamai

TITLE
Director
COMPENSATION
¥48M
AGE
65
TENURE
8.8 yrs

Kenji Sukeno

TITLE
President
AGE
64
TENURE
6.3 yrs

Takashi Iwasaki

TITLE
Director
AGE
62
TENURE
1.3 yrs

Junji Okada

TITLE
Director

Tatsuo Kawada

TITLE
Independent Director
AGE
78
TENURE
1.8 yrs

Makoto Kaiami

TITLE
Outside Director
AGE
67
TENURE
1.8 yrs

Kunitaro Kitamura

TITLE
Independent Director
AGE
66
TENURE
1.8 yrs

Teiichi Goto

TITLE
Director & Senior Corporate VP
AGE
59

Makiko Eda

TITLE
Outside Director
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 FUJIFILM Holdings'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. FUJIFILM Holdings 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.

FJI News

Simply Wall St News

FJI Company Info

Description

FUJIFILM Holdings Corporation develops, produces, sells, and services imaging, information, 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 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.

Details
Name: FUJIFILM Holdings Corporation
FJI
Exchange: DB
Founded: 1934
¥17,198,798,349
409,234,868
Website: http://www.fujifilmholdings.com
Address: FUJIFILM Holdings Corporation
7-3, Akasaka 9-chome,
Minato-ku,
Tokyo,
107-0052,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4901 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1975
OTCPK FUJI.F Common Stock Pink Sheets LLC US USD 06. Jan 1975
DB FJI Common Stock Deutsche Boerse AG DE EUR 06. Jan 1975
OTCPK FUJI.Y ADR 2 ORD Pink Sheets LLC US USD 02. Jan 1980
Number of employees
Current staff
Staff numbers
77,739
FUJIFILM Holdings employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:35
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.