Executive Summary
V-cube, Inc. develops and provides visual communication services to enterprise customers.
Risk Analysis
Snowflake Analysis
Imperfect balance sheet with poor track record.
Share Price & News
How has V-cube's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VCU has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
8.8%
VCU
-1.0%
DE Telecom
-1.9%
DE Market
1 Year Return
126.2%
VCU
3.2%
DE Telecom
8.1%
DE Market
Return vs Industry: VCU exceeded the German Telecom industry which returned 2.3% over the past year.
Return vs Market: VCU exceeded the German Market which returned 8.3% over the past year.
Shareholder returns
| VCU | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.8% | -1.0% | -1.9% |
| 30 Day | 4.0% | -3.2% | -0.2% |
| 90 Day | 6.1% | 11.7% | 12.8% |
| 1 Year | 126.6%126.2% | 7.4%3.2% | 10.5%8.1% |
| 3 Year | 122.4%122.1% | -3.8%-16.0% | 3.2%-5.0% |
| 5 Year | 35.6%35.4% | -3.3%-21.6% | 11.9%-3.2% |
Price Volatility Vs. Market
How volatile is V-cube's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is V-cube undervalued compared to its fair value and its price relative to the market?
285.88x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VCU (€10.5) is trading above our estimate of fair value (€0.14)
Significantly Below Fair Value: VCU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VCU is poor value based on its PE Ratio (285.9x) compared to the XE Telecom industry average (17.5x).
PE vs Market: VCU is poor value based on its PE Ratio (285.9x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VCU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VCU is overvalued based on its PB Ratio (10.9x) compared to the DE Telecom industry average (1.3x).
Next Steps
Future Growth
How is V-cube forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.9%
Forecasted Telecom industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as V-cube has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of VCU’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- V-cube competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Telecom industry.
Past Performance
How has V-cube performed over the past 5 years?
-0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VCU has a large one-off gain of ¥336.0M impacting its March 31 2020 financial results.
Growing Profit Margin: VCU's current net profit margins (1.8%) are lower than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: VCU has become profitable over the past 5 years, growing earnings by -0.8% per year.
Accelerating Growth: VCU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VCU had negative earnings growth (-79.9%) over the past year, making it difficult to compare to the Telecom industry average (19.6%).
Return on Equity
High ROE: VCU's Return on Equity (4%) is considered low.
Next Steps
Financial Health
How is V-cube's financial position?
Financial Position Analysis
Short Term Liabilities: VCU's short term assets (¥3.2B) exceed its short term liabilities (¥3.1B).
Long Term Liabilities: VCU's short term assets (¥3.2B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: VCU's debt to equity ratio (107.4%) is considered high.
Reducing Debt: VCU's debt to equity ratio has increased from 26.9% to 107.4% over the past 5 years.
Debt Coverage: VCU's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: Insufficient data to determine if VCU's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is V-cube current dividend yield, its reliability and sustainability?
0.075%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VCU's dividend (0.075%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.25%).
High Dividend: VCU's dividend (0.075%) is low compared to the top 25% of dividend payers in the German market (3.82%).
Stability and Growth of Payments
Stable Dividend: VCU is not paying a notable dividend for the German market, therefore no need to check if payments are stable.
Growing Dividend: VCU is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: VCU is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VCU's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average board tenure
CEO
Naoaki Mashita (43 yo)
no data
Tenure
Mr. Naoaki Mashita serves as the Chief Executive Officer and President of V-cube, Inc. Mr. Mashita is a Founder of V-cube, Inc. Mr. Mashita has been Representative Director of V-cube, Inc. since January 2 ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Representative Director | no data | no data | 17.03% ¥ 44.0m | |
| COO, VP & Representative Director | 7.67yrs | no data | 1.52% ¥ 3.9m | |
| CTO & Director | 8.42yrs | no data | no data | |
| MD, CRO & Director | no data | no data | 0.050% ¥ 128.0k | |
| Independent Outside Director | 8.42yrs | no data | no data | |
| Audit & Supervisory Board Member | 7.92yrs | no data | no data | |
| Audit & Supervisory Board Member | 10.42yrs | no data | no data | |
| Independent Outside Director | 5.42yrs | no data | 0.033% ¥ 85.4k | |
| Independent Outside Director | 1.58yrs | no data | no data | |
| Audit & Supervisory Board Member | 1.58yrs | no data | no data | |
| Independent Outside Director | 0.58yr | no data | no data |
7.8yrs
Average Tenure
50.5yo
Average Age
Experienced Board: VCU's board of directors are considered experienced (7.8 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
V-cube, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: V-cube, Inc.
- Ticker: VCU
- Exchange: DB
- Founded: 1998
- Industry: Alternative Carriers
- Sector: Telecom
- Market Cap: JP¥32.161b
- Listing Market Cap: JP¥258.054m
- Shares outstanding: 24.18m
- Website: https://www.vcube.com
Number of Employees
Location
- V-cube, Inc.
- NBF Platinum Tower
- 1-17-3, Shirokane
- Tokyo
- 108-0072
- Japan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3681 | TSE (The Tokyo Stock Exchange) | Yes | Ordinary Shares | JP | JPY | Dec 2013 |
| VCU | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2013 |
Biography
V-cube, Inc. develops and provides visual communication services to enterprise customers. The company offers V-CUBE Meeting, a Web conferencing system; and V-CUBE Seminar, a service on cloud-based platform ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/04 21:32 |
| End of Day Share Price | 2020/08/04 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.