Today I will talk about FAN Communications, which mainly operates an Internet advertising- related businesses with performance-based advertising.
※The above images are from FAN Communication’s website
FAN Communications independently develops and operates systems that collectively stream and manage ads for web content and systems that optimize Internet advertisements’ cost-effectiveness.
“Performance marketing advertising” which is one of the strengths of this company, refers to an advertising model in which companies conducting marketing activities online pay compensation when their desired outcome as advertisers is achieved.
￥410 （4/9 last closing price)
The latest stock price ← click here Trading unit: 100
The final month of the settlement: December
Dividend yield 4.63 %
PER 15.91 PBR 1.47
Equity ratio 77.7 %
I'm concerned that both sales and profits are sluggish, probably due to the advertisers budgets is moving toward social media, etc. Still there is no interest-bearing debt, and the finances are extremely robust. Recently, they actively hold online seminars for advertisers.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2018.12 |
35,340 |
4,209 |
2,554 |
33.4 |
19 |
57% |
|
2019.12 |
34,200 |
3,747 |
2,488 |
32.9 |
19 |
58% |
|
2020.12 |
29,379 |
2,852 |
1,991 |
27.0 |
19 |
71% |
|
2021.12 |
28,900 |
2,720 |
1,890 |
25.8 |
19 |
74% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for December 2021 is the predicted value
|
Cash flow statement |
2020.12 |
2019.12 |
|
CF operating activities |
2,649 |
2,533 |
|
CF investing activities |
730 |
▲418 |
|
CF financing activities |
▲2,440 |
▲1,285 |
※One unit is one million yen
Note: You should be responsible for your own investment. Please make your own final judgment.