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Fuji Electric

OTCPK:FELT.F
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FELT.F
OTCPK
¥464B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Fuji Electric Co., Ltd., together with its subsidiaries, operates in the power electronics systems, power and new energy, electronic devices, and food and beverage distribution businesses worldwide. The last earnings update was 42 days ago. More info.


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FELT.F Share Price and Events
7 Day Returns
0%
OTCPK:FELT.F
-5.7%
US Electrical
-7.1%
US Market
1 Year Returns
-
OTCPK:FELT.F
-18.2%
US Electrical
-13.5%
US Market
FELT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fuji Electric (FELT.F) 0% 0% -0.1% - - -
US Electrical -5.7% -14.2% -25.5% -18.2% 10.5% -12.6%
US Market -7.1% -11.7% -20.1% -13.5% 12% 20.7%
1 Year Return vs Industry and Market
  • No trading data on FELT.F.
  • No trading data on FELT.F.
Price Volatility
FELT.F
Industry
5yr Volatility vs Market

Value

 Is Fuji Electric 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 Fuji Electric 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 Fuji Electric.

OTCPK:FELT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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 OTCPK:FELT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.156 (1 + (1- 30.86%) (27.47%))
1.375
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.375 * 7.05%)
12.65%

Discounted Cash Flow Calculation for OTCPK:FELT.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fuji Electric is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:FELT.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (JPY, Millions) 29,378.20 40,181.00 43,647.00 48,137.00 50,113.00
Source Analyst x5 Analyst x5 Analyst x5 Analyst x1 Analyst x1
Present Value
Discounted (@ 12.65%)
26,080.27 31,666.10 30,536.21 29,896.93 27,630.25
Present value of next 5 years cash flows ¥145,809.76
OTCPK:FELT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ¥50,113.00 × (1 + 2.95%) ÷ (12.65% – 2.95%)
¥532,126.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ¥532,126.85 ÷ (1 + 12.65%)5
¥293,392.94
OTCPK:FELT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ¥145,809.76 + ¥293,392.94
¥439,202.69
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥439,202.69 / 142.85
¥37.71
OTCPK:FELT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:FELT.F represents 0.01227x of TSE:6504
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.01227x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 3,074.54 x 0.01227
$37.71
Value per share (USD) From above. $37.71
Current discount Discount to share price of $39.80
= -1 x ($39.80 - $37.71) / $37.71
-5.5%

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

  • The current share price of Fuji Electric is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Fuji Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fuji Electric's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FELT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in JPY ¥308.57
TSE:6504 Share Price ** TSE (2018-09-28) in JPY ¥3245
United States of America Electrical Industry PE Ratio Median Figure of 31 Publicly-Listed Electrical Companies 13.73x
United States of America Market PE Ratio Median Figure of 3,019 Publicly-Listed Companies 15.58x

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

** Primary Listing of Fuji Electric.

OTCPK:FELT.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6504 Share Price ÷ EPS (both in JPY)

= 3245 ÷ 308.57

10.52x

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

  • Fuji Electric is good value based on earnings compared to the US Electrical industry average.
  • Fuji Electric is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fuji Electric's expected growth come at a high price?
Raw Data
OTCPK:FELT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
5.8%per year
United States of America Electrical Industry PEG Ratio Median Figure of 20 Publicly-Listed Electrical Companies 1x
United States of America Market PEG Ratio Median Figure of 2,106 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

OTCPK:FELT.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.52x ÷ 5.8%

1.8x

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

  • Fuji Electric is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fuji Electric's assets?
Raw Data
OTCPK:FELT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in JPY ¥2,368.48
TSE:6504 Share Price * TSE (2018-09-28) in JPY ¥3245
United States of America Electrical Industry PB Ratio Median Figure of 61 Publicly-Listed Electrical Companies 1.42x
United States of America Market PB Ratio Median Figure of 5,091 Publicly-Listed Companies 1.56x
OTCPK:FELT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6504 Share Price ÷ Book Value per Share (both in JPY)

= 3245 ÷ 2,368.48

1.37x

* Primary Listing of Fuji Electric.

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

  • Fuji Electric is good value based on assets compared to the US Electrical industry average.
X
Value checks
We assess Fuji Electric'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Fuji Electric has a total score of 3/6, 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.

Future Performance

 How is Fuji Electric expected to perform in the next 1 to 3 years based on estimates from 9 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
5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fuji Electric expected to grow at an attractive rate?
  • Fuji Electric's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Fuji Electric's earnings growth is positive but not above the United States of America market average.
  • Fuji Electric's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:FELT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:FELT.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 5.8%
OTCPK:FELT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 2.9%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:FELT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FELT.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,021,000 82,913 54,400 1
2022-03-31 993,000 80,637 51,700 1
2021-03-31 976,325 76,767 47,735 9
2020-03-31 942,726 73,161 44,255 9
2019-03-31 915,155 67,478 42,319 8
OTCPK:FELT.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-09-30 917,868 70,753 44,080
2018-06-30 915,806 42,006
2018-03-31 893,451 53,146 37,763
2017-12-31 883,632 49,433
2017-09-30 881,221 37,312 47,175
2017-06-30 846,170 42,831
2017-03-31 837,765 58,185 40,978
2016-12-31 832,763 27,352
2016-09-30 810,787 52,508 26,496
2016-06-30 813,413 27,903
2016-03-31 813,550 48,450 30,644
2015-12-31 804,903 24,977

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fuji Electric's earnings are expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
  • Fuji Electric's revenue is expected to grow by 2.9% 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
OTCPK:FELT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Fuji Electric Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FELT.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 381.00 381.00 381.00 1.00
2022-03-31 362.00 362.00 362.00 1.00
2021-03-31 334.15 346.51 315.01 9.00
2020-03-31 309.79 329.00 292.60 9.00
2019-03-31 296.24 301.01 284.90 8.00
OTCPK:FELT.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-09-30 308.57
2018-06-30 294.04
2018-03-31 264.34
2017-12-31 346.02
2017-09-30 330.20
2017-06-30 299.79
2017-03-31 286.82
2016-12-31 191.44
2016-09-30 185.45
2016-06-30 195.25
2016-03-31 214.47
2015-12-31 174.76

*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.
  • Fuji Electric is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fuji Electric'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Fuji Electric has a total score of 1/6, 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.

Past Performance

  How has Fuji Electric 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 Fuji Electric's growth in the last year to its industry (Electrical).
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.
  • Fuji Electric's year on year earnings growth rate has been positive over the past 5 years.
  • Fuji Electric's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fuji Electric's 1-year earnings growth is negative, it can't be compared to the US Electrical industry average.
Earnings and Revenue History
Fuji Electric'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 Fuji Electric Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FELT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 917,868.00 44,080.00 145,846.00 30,796.00
2018-06-30 915,806.00 42,006.00 147,280.00 30,796.00
2018-03-31 893,451.00 37,763.00 144,869.00 30,796.00
2017-12-31 883,632.00 49,433.00 144,090.00 30,319.00
2017-09-30 881,221.00 47,175.00 143,559.00 30,319.00
2017-06-30 846,170.00 42,831.00 139,461.00 30,319.00
2017-03-31 837,765.00 40,978.00 138,365.00 30,319.00
2016-12-31 832,763.00 27,352.00 135,420.00 30,766.00
2016-09-30 810,787.00 26,496.00 133,573.00 30,766.00
2016-06-30 813,413.00 27,903.00 134,189.00 30,766.00
2016-03-31 813,550.00 30,644.00 134,542.00 30,766.00
2015-12-31 804,903.00 24,977.00 137,261.00 29,421.00
2015-09-30 819,658.00 30,174.00 136,889.00 29,421.00
2015-06-30 816,753.00 29,770.00 135,647.00 29,421.00
2015-03-31 810,678.00 27,978.00 133,094.00 29,421.00
2014-12-31 799,120.00 28,453.00 157,039.00
2014-09-30 776,763.00 21,227.00 127,737.00 25,969.00
2014-06-30 767,331.00 19,738.00 150,345.00
2014-03-31 759,911.00 19,582.00 120,949.00 25,969.00
2013-12-31 747,592.00 32,158.00 118,864.00 25,747.00
2013-09-30 740,434.00 34,339.00 115,262.00 25,747.00
2013-06-30 750,770.00 29,798.00 111,961.00 25,747.00
2013-03-31 745,781.00 26,368.00 110,584.00 25,747.00
2012-12-31 743,792.00 14,304.00 109,645.00 27,526.00
2012-09-30 732,035.00 9,560.00 108,798.00 27,526.00
2012-06-30 710,176.00 13,821.00 109,453.00 27,526.00
2012-03-31 703,534.00 11,801.00 110,067.00 27,526.00
2011-12-31 693,150.00 7,119.00 129,544.00 6,424.00

*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.
  • Fuji Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fuji Electric used its assets less efficiently than the US Electrical industry average last year based on Return on Assets.
  • Fuji Electric has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fuji Electric'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 Electrical 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.
Fuji Electric has a total score of 2/6, 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.

Health

 How is Fuji Electric'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 Fuji Electric's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fuji Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fuji Electric's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fuji Electric'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 4.2x 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 Fuji Electric Company Filings, last reported 2 months ago.

OTCPK:FELT.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 375,405.00 127,355.00 29,003.00
2018-06-30 360,902.00 141,269.00 28,563.00
2018-03-31 366,545.00 163,506.00 33,372.00
2017-12-31 349,538.00 180,717.00 30,480.00
2017-09-30 342,000.00 157,954.00 29,603.00
2017-06-30 329,551.00 175,614.00 28,810.00
2017-03-31 323,862.00 183,464.00 42,045.00
2016-12-31 283,010.00 211,344.00 32,889.00
2016-09-30 257,328.00 183,840.00 28,777.00
2016-06-30 242,816.00 195,556.00 27,841.00
2016-03-31 260,979.00 220,212.00 31,000.00
2015-12-31 299,397.00 214,153.00 31,178.00
2015-09-30 289,485.00 196,182.00 28,624.00
2015-06-30 311,589.00 206,404.00 28,890.00
2015-03-31 319,635.00 226,472.00 31,953.00
2014-12-31 262,047.00 214,384.00 28,800.00
2014-09-30 247,684.00 187,482.00 32,319.00
2014-06-30 242,671.00 191,643.00 24,286.00
2014-03-31 251,223.00 233,751.00 34,025.00
2013-12-31 241,576.00 218,663.00 27,738.00
2013-09-30 220,856.00 206,587.00 23,755.00
2013-06-30 220,732.00 210,058.00 23,127.00
2013-03-31 215,672.00 257,103.00 39,749.00
2012-12-31 175,008.00 236,698.00 22,300.00
2012-09-30 158,252.00 234,682.00 37,341.00
2012-06-30
2012-03-31 183,217.00 289,487.00 64,322.00
2011-12-31 156,568.00 248,507.00 31,194.00
  • Fuji Electric's level of debt (33.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (93.5% vs 33.9% today).
  • Debt is well covered by operating cash flow (55.6%, greater than 20% of total debt).
  • Fuji Electric earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Fuji Electric'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. Fuji Electric has a total score of 6/6, 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.

Dividends

 What is Fuji Electric'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
2.47%
Current annual income from Fuji Electric dividends. Estimated to be 2.65% next year.
If you bought $2,000 of Fuji Electric shares you are expected to receive $49 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?
  • Fuji Electric's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.62%).
  • Fuji Electric's dividend is below the markets top 25% of dividend payers in United States of America (4.05%).
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
OTCPK:FELT.F 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 9 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1984 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.6%
United States of America Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

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

OTCPK:FELT.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 95.00 1.00
2022-03-31 90.00 1.00
2021-03-31 92.00 9.00
2020-03-31 85.44 9.00
2019-03-31 78.78 9.00
OTCPK:FELT.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-11-14 80.000 2.334
2018-10-25 80.000 2.284
2018-06-26 80.000 1.892
2018-04-26 80.000 1.982
2018-02-14 60.000 1.594
2018-01-29 60.000 1.430
2017-11-14 60.000 1.414
2017-10-26 60.000 1.464
2017-06-27 60.000 1.948
2017-04-27 60.000 1.984
2017-02-14 50.000 1.578
2017-01-26 50.000 1.511
2016-11-14 50.000 1.675
2016-10-27 50.000 1.894
2016-06-24 50.000 2.178
2016-04-27 50.000 2.261
2016-02-12 50.000 2.588
2016-01-28 50.000 2.557
2015-10-29 50.000 1.940
2015-06-24 50.000 2.005
2015-04-27 50.000 1.752
2015-01-29 40.000 1.434
2014-10-31 40.000 1.626
2014-06-25 40.000 1.605
2014-05-07 40.000 1.750
2014-01-30 30.000 1.347
2013-10-24 30.000 1.287
2013-09-30 30.000 1.463
2013-04-25 30.000 1.656
2013-02-14 20.000 1.431
2013-02-01 20.000 1.600
2012-11-02 20.000 2.144
2012-06-26 20.000 2.359
2012-04-26 20.000 2.117
2012-02-14 20.000 1.907
2012-01-27 20.000 1.963
2011-11-16 20.000 1.833
2011-04-27 20.000 1.742
2011-02-14 20.000 1.556
2011-01-27 20.000 1.472
2010-11-15 20.000 1.663
2010-10-29 20.000 2.040
2010-06-24 7.500 0.677
2010-05-11 7.500 0.582
2010-02-15 0.000 0.000
2010-01-28 0.000 0.000
2009-11-13 0.000 0.000
2009-10-30 0.000 0.000
2009-08-12 0.000 0.000
2009-07-31 0.000 0.000
2009-06-24 0.000 0.000
2009-05-15 0.000 0.000
2009-02-13 40.000 6.928
2008-12-29 40.000 6.600

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Fuji Electric's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x 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 Fuji Electric's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Fuji Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fuji Electric has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Fuji Electric'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
Michihiro Kitazawa
CEO Bio

Mr. Michihiro Kitazawa serves as the President and Chairman of Fuji Electric Co., Ltd. and served as its Executive Vice President. Mr. Kitazawa serves as Representative Director of Fuji Electric Co., Ltd.

CEO Compensation
  • Insufficient data for Michihiro to compare compensation growth.
  • Insufficient data for Michihiro to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Fuji Electric management team in years:

2.7
Average Tenure
  • The tenure for the Fuji Electric management team is about average.
Management Team

Michihiro Kitazawa

TITLE
President & Chairman of the Board

Kenzo Sugai

TITLE
EVP, Exec. Officer

Takeshi Kadoshima

TITLE
Executive Officer and GM of HR & General Affairs Office

Michio Abe

TITLE
Senior Managing Exec. Officer

Junichi Arai

TITLE
Managing Exec. Officer
TENURE
2.7 yrs

Masatsugu Tomotaka

TITLE
Managing Executive Officer
TENURE
2.7 yrs

Masahiro Fujiwara

TITLE
Executive Officer and Corporate GM of Power & New Energy Business Group
TENURE
1.7 yrs

Kenji Goto

TITLE
Deputy Corporate General Manager of Power Electronics Systems Business Group

Yasuhiro Takahashi

TITLE
Executive Officer and Corporate GM of Food & Beverage Distribution Business Group
TENURE
2.7 yrs

Susumu Shinmura

TITLE
Executive Officer
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure of the Fuji Electric board of directors in years:

2.5
Average Tenure
  • The average tenure for the Fuji Electric board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michihiro Kitazawa

TITLE
President & Chairman of the Board

Kenzo Sugai

TITLE
EVP, Exec. Officer

Michio Abe

TITLE
Senior Managing Exec. Officer

Junichi Arai

TITLE
Managing Exec. Officer
TENURE
2.5 yrs

Masatsugu Tomotaka

TITLE
Managing Executive Officer
TENURE
2.5 yrs

Toshihito Tamba

TITLE
Outside Director
TENURE
2.5 yrs

Naoomi Tachikawa

TITLE
Outside Director
TENURE
2.5 yrs

Yoshitsugu Hayashi

TITLE
Outside Director
TENURE
1.4 yrs

Junichi Matsumoto

TITLE
Standing Auditor
TENURE
1.4 yrs

Yoshio Okuno

TITLE
Standing Auditor
TENURE
2.5 yrs
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 Fuji Electric'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. Fuji Electric 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.

News

External News
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Simply Wall St News

Company Info

Map
Description

Fuji Electric Co., Ltd., together with its subsidiaries, operates in the power electronics systems, power and new energy, electronic devices, and food and beverage distribution businesses worldwide. Its Power Electronics Systems segment provides energy solutions, such as energy management systems, power distribution solutions, smart meters, substation equipment, industrial power supplies, datacenters, uninterruptible power systems, electrical facilities, switchgears, control gears, plant factories, cold chain systems, power conditioning systems, and switchboards, as well as power transmission, control, and distribution equipment. This segment also provides industry solutions, including inverters, motors, factory automation components and systems, drive control systems, measurement and control systems, exhaust gas cleaning system for ships, plant factories, measuring instruments and sensors, radiation monitoring systems, transportation systems, and electrical equipment for railcars, as well as electric vehicle systems. The company’s Power and New Energy segment provides biomass power generation plants, as well as geothermal, hydro, solar, and wind power generation equipment and fuel cells; and fuel handling equipment and waste treatment equipment. Its Electronic Devices segment offers power semiconductors and magnetic discs to industrial and automotive sectors. The company’s Food and Beverage Distribution segment provides beverage and food/goods vending machines; and store distribution equipment, such as showcases and automatic change dispensers. The company was formerly known as Fuji Electric Holdings Co., Ltd. and changed its name to Fuji Electric Co., Ltd. in 2011. Fuji Electric Co., Ltd. was founded in 1923 and is headquartered in Tokyo, Japan.

Details
Name: Fuji Electric Co., Ltd.
FELT.F
Exchange: OTCPK
Founded: 1923
¥4,171,262,897
142,851,293
Website: http://www.fujielectric.co.jp
Address: Fuji Electric Co., Ltd.
Gate City Ohsaki,
East Tower,
Tokyo,
141-0032,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6504 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK FELT.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB FJE Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK FELT.Y UNSPONSORD ADR Pink Sheets LLC US USD 31. Oct 2008
Number of employees
Current staff
Staff numbers
27,009
Fuji Electric employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/26 23:51
End of day share price update: 2018/09/28 00:00
Last estimates confirmation: 2018/11/21
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
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.