DB:VCU

Stock Analysis Report

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Executive Summary

V-cube, Inc. develops and provides visual communication services to enterprise customers.


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

VCUIndustryMarket
7 Day8.8%-1.0%-1.9%
30 Day4.0%-3.2%-0.2%
90 Day6.1%11.7%12.8%
1 Year126.6%126.2%7.4%3.2%10.5%8.1%
3 Year122.4%122.1%-3.8%-16.0%3.2%-5.0%
5 Year35.6%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

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

NamePositionTenureCompensationOwnership
Naoaki Mashita
Representative Directorno datano data17.03%
¥ 44.0m
Masaya Takada
COO, VP & Representative Director7.67yrsno data1.52%
¥ 3.9m
Yosuke Kamezaki
CTO & Director8.42yrsno datano data
Jun Mizutani
MD, CRO & Directorno datano data0.050%
¥ 128.0k
Norio Murakami
Independent Outside Director8.42yrsno datano data
Kiyoji Odashima
Audit & Supervisory Board Member7.92yrsno datano data
Kikuo Fukushima
Audit & Supervisory Board Member10.42yrsno datano data
Kenichi Nishimura
Independent Outside Director5.42yrsno data0.033%
¥ 85.4k
Hajime Nakano
Independent Outside Director1.58yrsno datano data
Arifumi Sunada
Audit & Supervisory Board Member1.58yrsno datano data
Naomi Koshi
Independent Outside Director0.58yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3681TSE (The Tokyo Stock Exchange)YesOrdinary SharesJPJPYDec 2013
VCUDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 21:32
End of Day Share Price2020/08/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.