OTCPK:FKCI.F

Stock Analysis Report

Fukui Computer HoldingsInc

Executive Summary

Fukui Computer Holdings,Inc. primarily develops and sells software products for the construction industry in Japan.

Rewards

PE ratio (23.8x) is below the Software industry average (44.5x)

Earnings are forecast to grow 2.34% per year

Earnings grew by 31.4% over the past year

Risk Analysis

High level of non-cash earnings



Snowflake Analysis

Flawless balance sheet with solid track record.

Share Price & News

How has Fukui Computer HoldingsInc's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

FKCI.F

0.2%

US Software

0.8%

US Market


1 Year Return

n/a

FKCI.F

28.5%

US Software

17.8%

US Market

Return vs Industry: Insufficient data to determine how FKCI.F performed against the US Software industry.

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


Shareholder returns

FKCI.FIndustryMarket
7 Day0%0.2%0.8%
30 Day26.6%1.1%1.8%
90 Dayn/a4.2%4.1%
1 Yearn/a30.5%28.5%20.4%17.8%
3 Yearn/a125.6%116.5%45.9%36.4%
5 Yearn/a181.2%161.4%68.1%49.6%

Price Volatility Vs. Market

How volatile is Fukui Computer HoldingsInc's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Fukui Computer HoldingsInc undervalued compared to its fair value and its price relative to the market?

23.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FKCI.F ($32.1) is trading above our estimate of fair value ($17.53)

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


Price To Earnings Ratio

PE vs Industry: FKCI.F is good value based on its PE Ratio (23.8x) compared to the Software industry average (44.5x).

PE vs Market: FKCI.F is poor value based on its PE Ratio (23.8x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: FKCI.F is poor value based on its PEG Ratio (10.2x)


Price to Book Ratio

PB vs Industry: FKCI.F is overvalued based on its PB Ratio (6.9x) compared to the US Software industry average (5.7x).


Next Steps

Future Growth

How is Fukui Computer HoldingsInc forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FKCI.F's forecast earnings growth (2.3% per year) is above the savings rate (1.7%).

Earnings vs Market: FKCI.F's earnings (2.3% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: FKCI.F's revenue (1.9% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: FKCI.F's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FKCI.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Fukui Computer HoldingsInc performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FKCI.F has a high level of non-cash earnings.

Growing Profit Margin: FKCI.F's current net profit margins (26.6%) are higher than last year (24%).


Past Earnings Growth Analysis

Earnings Trend: FKCI.F's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: FKCI.F's earnings growth over the past year (31.4%) exceeds its 5-year average (19.2% per year).

Earnings vs Industry: FKCI.F earnings growth over the past year (31.4%) exceeded the Software industry 15.8%.


Return on Equity

High ROE: FKCI.F's Return on Equity (29.1%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Fukui Computer HoldingsInc's financial position?


Financial Position Analysis

Short Term Liabilities: FKCI.F's short term assets (¥11.6B) exceed its short term liabilities (¥4.3B).

Long Term Liabilities: FKCI.F's short term assets (¥11.6B) exceed its long term liabilities (¥138.0M).


Debt to Equity History and Analysis

Debt Level: FKCI.F is debt free.

Reducing Debt: FKCI.F has not had any debt for past 5 years.

Debt Coverage: FKCI.F has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FKCI.F has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: FKCI.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FKCI.F's debt is covered by short term assets.


Next Steps

Dividend

What is Fukui Computer HoldingsInc's current dividend yield, its reliability and sustainability?

1.02%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.4%markettop25%3.7%industryaverage1.4%forecastin3Years1.0%

Current dividend yield vs market & industry

Notable Dividend: FKCI.F's dividend (1.02%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: FKCI.F's dividend (1.02%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.3%), FKCI.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

What is the CEO of Fukui Computer HoldingsInc's salary, the management and board of directors tenure and is there insider trading?

7.5yrs

Average board tenure


CEO

Masaru Fukino (63yo)

7.5yrs

Tenure

0

Mr. Masaru Fukino has been the President at Fukui Computer Holdings, Inc. ( alternate name Fukui Computer Inc). since June 2012 and served as Chief Executive Officer. Mr. Fukino served as Senior Managing D ...


Board Age and Tenure

7.5yrs

Average Tenure

58yo

Average Age

Experienced Board: FKCI.F's board of directors are considered experienced (7.5 years average tenure).


Insider Trading

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.


Management Team

  • Akira Hashimoto (55yo)

    Director of Business Development and General Manager of Cs/Crm Division

    • Tenure: 0yrs
  • Masaru Fukino (63yo)

    President and Representative Director

    • Tenure: 7.5yrs
  • Hidenori Yasui (60yo)

    Senior Managing Director and General Manager of Development Division

    • Tenure: 19.4yrs
  • Fujinobu Kojima (60yo)

    Director of Sales Promotion

    • Tenure: 0yrs
  • Katsuyuki Kataoka (55yo)

    Manager of Operations Division and Director

    • Tenure: 3.5yrs
  • Youji Furukawa

    Executive Officer

    • Tenure: 0yrs

Board Members

  • Masaru Fukino (63yo)

    President and Representative Director

    • Tenure: 7.5yrs
  • Katsunori Morita (65yo)

    Director

    • Tenure: 3.5yrs
  • Harukatsu Hayashi (58yo)

    Director

    • Tenure: 9.5yrs
  • Seichiro Hori (54yo)

    Outside Director

    • Tenure: 8.9yrs
  • Makoto Hori (82yo)

    Chairman of the Board of Directors

    • Tenure: 7.5yrs
  • Sho Nishikawa (62yo)

    External Auditor

    • Tenure: 8.5yrs
  • Katsuyuki Kataoka (55yo)

    Manager of Operations Division and Director

    • Tenure: 3.5yrs
  • Hiroshi Iga (46yo)

    External Auditor

    • Tenure: 7.5yrs
  • Keiji Kobayashi

    Full-Time Auditor

    • Tenure: 0yrs
  • Haruki Ikuta (43yo)

    Director

    • Tenure: 3.5yrs

Company Information

Fukui Computer Holdings,Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fukui Computer Holdings,Inc.
  • Ticker: FKCI.F
  • Exchange: OTCPK
  • Founded: 1979
  • Industry: Application Software
  • Sector: Software
  • Market Cap: JP¥81.048b
  • Listing Market Cap: JP¥745.542m
  • Shares outstanding: 20.68m
  • Website: https://www.fukuicompu.co.jp

Number of Employees


Location

  • Fukui Computer Holdings,Inc.
  • 1-2501 Takagi-Chuo
  • Fukui
  • Fukui
  • 910-8521
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9790TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYSep 1995
FKCI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1995

Biography

Fukui Computer Holdings,Inc. primarily develops and sells software products for the construction industry in Japan. It offers ARCHITREND Z, a CAD system that supports overall building design work; and ARCH ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/12 00:06
End of Day Share Price2019/11/14 00:00
Earnings2019/09/30
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.