OTCPK:FGEL.F

Stock Analysis Report

Executive Summary

Fujitsu General Limited provides air conditioners worldwide.

Rewards

Trading at 23.4% below its fair value

Earnings are forecast to grow 12.98% per year

Risk Analysis

No risks detected for FGEL.F from our risk checks.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

How has Fujitsu General's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

FGEL.F

6.5%

US Consumer Durables

5.3%

US Market


1 Year Return

n/a

FGEL.F

-20.6%

US Consumer Durables

-10.7%

US Market

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

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


Shareholder returns

FGEL.FIndustryMarket
7 Day0%6.5%5.3%
30 Day0%-30.3%-13.6%
90 Day0%-33.9%-19.8%
1 Yearn/a-19.5%-20.6%-8.9%-10.7%
3 Year11.1%11.1%-20.6%-24.2%15.5%8.0%
5 Yearn/a-15.7%-21.4%35.2%20.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Fujitsu General undervalued compared to its fair value and its price relative to the market?

23.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FGEL.F ($22) is trading below our estimate of fair value ($28.72)

Significantly Below Fair Value: FGEL.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FGEL.F is poor value based on its PE Ratio (19.1x) compared to the Consumer Durables industry average (6.3x).

PE vs Market: FGEL.F is poor value based on its PE Ratio (19.1x) compared to the US market (11.8x).


Price to Earnings Growth Ratio

PEG Ratio: FGEL.F is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: FGEL.F is overvalued based on its PB Ratio (1.6x) compared to the US Consumer Durables industry average (0.6x).


Next Steps

Future Growth

How is Fujitsu General forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

13.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FGEL.F's forecast earnings growth (13% per year) is above the savings rate (1.7%).

Earnings vs Market: FGEL.F's earnings (13% per year) are forecast to grow faster than the US market (12.3% per year).

High Growth Earnings: FGEL.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: FGEL.F's revenue (5.2% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: FGEL.F's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FGEL.F's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has Fujitsu General performed over the past 5 years?

-17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FGEL.F has high quality earnings.

Growing Profit Margin: FGEL.F's current net profit margins (3.4%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: FGEL.F's earnings have declined by -17.3% per year over the past 5 years.

Accelerating Growth: FGEL.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: FGEL.F had negative earnings growth (-7%) over the past year, making it difficult to compare to the Consumer Durables industry average (9.1%).


Return on Equity

High ROE: FGEL.F's Return on Equity (8.7%) is considered low.


Next Steps

Financial Health

How is Fujitsu General's financial position?


Financial Position Analysis

Short Term Liabilities: FGEL.F's short term assets (¥136.2B) exceed its short term liabilities (¥76.7B).

Long Term Liabilities: FGEL.F's short term assets (¥136.2B) exceed its long term liabilities (¥20.7B).


Debt to Equity History and Analysis

Debt Level: FGEL.F's debt to equity ratio (5.7%) is considered satisfactory.

Reducing Debt: FGEL.F's debt to equity ratio has reduced from 15.4% to 5.7% over the past 5 years.

Debt Coverage: FGEL.F's debt is well covered by operating cash flow (165.8%).

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


Balance Sheet

Inventory Level: FGEL.F has a high level of physical assets or inventory.

Debt Coverage by Assets: FGEL.F's debt is covered by short term assets (assets are 21.3x debt).


Next Steps

Dividend

What is Fujitsu General's current dividend yield, its reliability and sustainability?

1.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FGEL.F's dividend (1.66%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2.12%).

High Dividend: FGEL.F's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (6.25%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.5%), FGEL.F's dividend payments are well 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?

1.7yrs

Average management tenure


CEO

Etsuro Saito (69yo)

4.75s

Tenure

Mr. Etsuro Saito has been an Executive President of Fujitsu General Limited since June 23, 2015. Mr. Saito served as a Corporate Senior Vice President, Managing Corporate Executive Officer, Acting General  ...


Leadership Team

NamePositionTenureCompensationOwnership
Etsuro Saito
Executive President & Representative Director4.75yrsno data0.012% ¥196.6k
Hiroshi Niwayama
Corporate Senior EVP & Director15.75yrsno data0.026% ¥426.1k
Norio Yamaichi
Corporate First Senior Vice President & Directorno datano data0.011% ¥173.3k
Tsunenao Kosuda
Corporate Senior Executive VP14.75yrsno data0.021% ¥346.5k
Hiroyuki Yokoyama
Corporate First Senior VP & Director2.75yrsno data0.0056% ¥92.1k
Yoshinobu Miyajima
Corporate Senior Vice Presidentno datano datano data
Susumu Ohkawara
Corporate Senior VP & Chief of Office of the Presidentno datano datano data
Kimihiko Shimizu
Corporate Senior VP & GM of GDM Promotion Divisionno datano datano data
Masataka Eto
Corporate Senior Vice President1.17yrsno datano data
Yosuke Nakagawa
Corporate Senior Vice President1.17yrsno datano data

1.7yrs

Average Tenure

64yo

Average Age

Experienced Management: FGEL.F's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Etsuro Saito
Executive President & Representative Director4.75yrsno data0.012% ¥196.6k
Hiroshi Niwayama
Corporate Senior EVP & Director15.75yrsno data0.026% ¥426.1k
Norio Yamaichi
Corporate First Senior Vice President & Directorno datano data0.011% ¥173.3k
Tsunenao Kosuda
Corporate Senior Executive VP14.75yrsno data0.021% ¥346.5k
Hiroyuki Yokoyama
Corporate First Senior VP & Director2.75yrsno data0.0056% ¥92.1k
Tadashi Hasegawa
Corporate First Senior VP & Director1.75yrsno data0.00076% ¥12.4k
Masaki Sugiyama
Corporate First Senior VP & Director3.75yrsno data0.0023% ¥37.4k
Junichi Murashima
Chairman4.75yrsno data0.020% ¥321.5k
Hisashi Sakamaki
External Directorno datano datano data
Fumiaki Terasaka
Director2.75yrsno data0.00019% ¥3.1k

3.8yrs

Average Tenure

69yo

Average Age

Experienced Board: FGEL.F's board of directors are considered experienced (3.8 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

Fujitsu General Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fujitsu General Limited
  • Ticker: FGEL.F
  • Exchange: OTCPK
  • Founded: 1936
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: JP¥176.819b
  • Listing Market Cap: JP¥1.633b
  • Shares outstanding: 104.63m
  • Website: https://www.fujitsu-general.com

Number of Employees


Location

  • Fujitsu General Limited
  • 3-3-17, Suenaga
  • Takatsu-ku
  • Kawasaki
  • Kanagawa
  • 213-8502
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6755TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYJan 1992
FGEL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1992
29FBST (Boerse-Stuttgart)YesCommon SharesDEEURJan 1992

Biography

Fujitsu General Limited provides air conditioners worldwide. The company offers split and multi split air conditioning systems; air purification systems and deodorizers; fire and disaster prevention systems, and distribution/video systems; and vehicle-mounted cameras. It also provides CCD cameras; low noise blockdown converters and transmitters; and technical services, such as EMC measurement, testing, and consulting services. Fujitsu General Limited was founded in 1936 and is headquartered in Kawasaki, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/19 02:13
End of Day Share Price2019/12/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.