OTCPK:CFSK.F

Stock Analysis Report

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Executive Summary

Chofu Seisakusho Co., Ltd. manufactures and sells residential appliances in Japan.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

How has Chofu Seisakusho's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

CFSK.F

3.4%

US Consumer Durables

3.0%

US Market


1 Year Return

n/a

CFSK.F

7.0%

US Consumer Durables

9.9%

US Market

Return vs Industry: Insufficient data to determine how CFSK.F performed against the US Consumer Durables industry.

Return vs Market: Insufficient data to determine how CFSK.F performed against the US Market.


Shareholder returns

CFSK.FIndustryMarket
7 Day0%3.4%3.0%
30 Day0%17.8%8.2%
90 Day0%-8.5%0.4%
1 Yearn/a8.2%7.0%12.4%9.9%
3 Yearn/a-5.2%-9.5%31.0%22.3%
5 Yearn/a8.0%1.5%58.1%40.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Chofu Seisakusho undervalued compared to its fair value and its price relative to the market?

44.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CFSK.F ($21) is trading above our estimate of fair value ($13.41)

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


Price To Earnings Ratio

PE vs Industry: CFSK.F is poor value based on its PE Ratio (44.6x) compared to the Consumer Durables industry average (9.1x).

PE vs Market: CFSK.F is poor value based on its PE Ratio (44.6x) compared to the US market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CFSK.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CFSK.F is good value based on its PB Ratio (0.7x) compared to the US Consumer Durables industry average (1x).


Next Steps

Future Growth

How is Chofu Seisakusho forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.3%

Forecasted Consumer Durables 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 Chofu Seisakusho 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 Chofu Seisakusho performed over the past 5 years?

-13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CFSK.F has a large one-off loss of ¥880.0M impacting its December 31 2019 financial results.

Growing Profit Margin: CFSK.F's current net profit margins (4.1%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: CFSK.F's earnings have declined by -13.1% per year over the past 5 years.

Accelerating Growth: CFSK.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CFSK.F had negative earnings growth (-31.2%) over the past year, making it difficult to compare to the Consumer Durables industry average (9.8%).


Return on Equity

High ROE: CFSK.F's Return on Equity (1.5%) is considered low.


Next Steps

Financial Health

How is Chofu Seisakusho's financial position?


Financial Position Analysis

Short Term Liabilities: CFSK.F's short term assets (¥28.5B) exceed its short term liabilities (¥8.3B).

Long Term Liabilities: CFSK.F's short term assets (¥28.5B) exceed its long term liabilities (¥2.1B).


Debt to Equity History and Analysis

Debt Level: CFSK.F's debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: CFSK.F's debt to equity ratio has reduced from 0.3% to 0.1% over the past 5 years.

Debt Coverage: CFSK.F's debt is well covered by operating cash flow (2828.7%).

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


Balance Sheet


Next Steps

Dividend

What is Chofu Seisakusho's current dividend yield, its reliability and sustainability?

1.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CFSK.F's dividend (1.36%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.81%).

High Dividend: CFSK.F's dividend (1.36%) is low compared to the top 25% of dividend payers in the US market (4.88%).


Stability and Growth of Payments

Stable Dividend: CFSK.F's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.5%), CFSK.F's dividend payments are 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?

6.0yrs

Average management tenure


CEO

Kiyotaka Taneda (64yo)

no data

Tenure

Mr. Kiyotaka Taneda serves as President of Chofu Seisakusho Co. Ltd. He had been Managing Director of Chofu Seisakusho Co. Ltd since April 2014. Mr. Taneda served as Manager of Technology Department of Cho ...


Leadership Team

NamePositionTenureCompensationOwnership
Kiyotaka Taneda
President & Representative Directorno datano data0.0092% ¥70.8k
Takeshi Wada
GM of Sales & Director7.08yrsno data0.0086% ¥66.4k
Kazuhiro Hashimoto
Director & Advisor8.08yrsno data0.021% ¥163.7k
Shuichi Nakamura
MD & Director10.08yrsno data0.0092% ¥70.8k
Tetsuo Hayashi
Manager of Tokyo Branch & Director6.08yrsno data0.0083% ¥64.2k
Yoshiaki Egawa
GM of Manufacturing & Directorno datano data0.0055% ¥42.0k
Yasuhiro Kawakami
Manager of Shiga Plant & Director6.08yrsno data0.018% ¥137.1k

6.0yrs

Average Tenure

62yo

Average Age

Experienced Management: CFSK.F's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kiyotaka Taneda
President & Representative Directorno datano data0.0092% ¥70.8k
Takeshi Wada
GM of Sales & Director7.08yrsno data0.0086% ¥66.4k
Kazuhiro Hashimoto
Director & Advisor8.08yrsno data0.021% ¥163.7k
Shuichi Nakamura
MD & Director10.08yrsno data0.0092% ¥70.8k
Tetsuo Hayashi
Manager of Tokyo Branch & Director6.08yrsno data0.0083% ¥64.2k
Yoshiaki Egawa
GM of Manufacturing & Directorno datano data0.0055% ¥42.0k
Yasuhiro Kawakami
Manager of Shiga Plant & Director6.08yrsno data0.018% ¥137.1k
Masaaki Hino
Directorno datano datano data
Yasuo Kawakami
Chairman8.08yrsno data0.88% ¥6.8m
Hiroshi Yamamoto
External Directorno datano datano data

8.1yrs

Average Tenure

63yo

Average Age

Experienced Board: CFSK.F's board of directors are considered experienced (8.1 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

Chofu Seisakusho Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chofu Seisakusho Co., Ltd.
  • Ticker: CFSK.F
  • Exchange: OTCPK
  • Founded: 1954
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: JP¥81.950b
  • Listing Market Cap: JP¥768.319m
  • Shares outstanding: 34.74m
  • Website: https://www.chofu.co.jp

Number of Employees


Location

  • Chofu Seisakusho Co., Ltd.
  • 2-1, Chofu Ogi-machi
  • Shimonoseki
  • Yamaguchi
  • 752-8555
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CFSK.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992
5946TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992

Biography

Chofu Seisakusho Co., Ltd. manufactures and sells residential appliances in Japan. It offers water heaters comprising oil-fired and gas-fired water heaters, electric water heaters, and oil-fired and gas-fired boilers; bath and kitchen products, including bath units, kitchen units, and bath tubs; air conditioners and heating appliances; and appliances for commercial use. The company also provides eco-friendly appliances, such as co-generation systems; CO2 heat pump water heaters; and solar equipment comprising solar water heaters. It offers products through its showrooms, as well as through a network of dealers. Chofu Seisakusho Co., Ltd. was founded in 1954 and is headquartered in Shimonoseki, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/30 00:21
End of Day Share Price2020/01/31 00:00
Earnings2019/12/31
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.