FCE Inc. (9564) AI Stock Analysis

• Market Cap: ¥19.39B
• Dividend Yield: 1.36%
• Average Volume (3M): 174.11K
• Price to Earnings (P/E): 29.8
• Beta (1Y): 0.42
• Revenue Growth: 24.53%
• EPS Growth: 31.31%
• Country: JP
• Employees: 229
• Sector: Industrials
• Sector Strength: 79
• Industry: Conglomerates
• EPS (TTM): 8.69
• Shares Outstanding: 22,011,000
• 10 Day Avg. Volume: 268,510
• 30 Day Avg. Volume: 174,106
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥921.00
• Price Target Upside: 4.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: ¥921.00 ▲(4.54% Upside)

FCE Inc. demonstrates strong financial performance with robust growth and efficient operations, contributing significantly to its overall score. Technical analysis indicates positive momentum, though the stock is approaching overbought levels. The valuation suggests potential overvaluation, which slightly offsets the positive financial and technical indicators.

FCE Inc. Business Overview & Revenue Model

Company Description

FCE Inc. (9564) is a leading company in the renewable energy sector, specializing in the development and manufacturing of advanced fuel cell technology and hydrogen solutions. The company focuses on providing clean energy solutions for various applications, including transportation, stationary power generation, and backup power systems. With a commitment to sustainability, FCE Inc. aims to reduce carbon emissions and promote the use of hydrogen as a viable alternative energy source.

How the Company Makes Money

FCE Inc. primarily generates revenue through the sale of its fuel cell systems and hydrogen generation products. The company has established long-term contracts with automotive manufacturers and industrial clients, which provide a stable revenue stream. Additionally, FCE Inc. benefits from government grants and subsidies aimed at promoting clean energy technologies. Strategic partnerships with key players in the automotive and energy sectors further enhance its market presence and contribute to its earnings. The company's focus on research and development allows it to innovate and improve its product offerings, attracting new customers and expanding its market share.

FCE Inc. Financial Statement Overview

Summary

FCE Inc. demonstrates strong financial health with robust revenue and profit growth, efficient cost management, and a solid balance sheet. The company maintains low leverage, minimizing financial risks. However, the absence of operating cash flow TTM is a concern and could affect liquidity if not addressed.

Income Statement

FCE Inc. shows strong revenue growth with an impressive increase of 27.98% from 2023 to 2024. The gross profit margin is robust at 68.34% TTM, indicating efficient cost management. Net profit margin is healthy at 10.59% TTM, reflecting solid profitability. EBIT and EBITDA margins are also strong at 14.93% and 15.81% TTM, respectively. These metrics highlight the company's profitability and operational efficiency.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio of 0.09 TTM, indicating conservative leverage. Return on equity is strong at 16.78% TTM, showcasing effective use of equity to generate profits. The equity ratio stands at 69.94% TTM, reflecting a strong equity base. However, the relatively high total liabilities compared to assets could pose risks if not managed well.

Cash Flow

FCE Inc.'s cash flow statement reveals challenges with operating cash flow at zero TTM, which may impact liquidity. Free cash flow growth rate is unavailable due to missing data, limiting a full assessment. Historical data shows a healthy free cash flow to net income ratio of 0.86 in 2023, indicating efficient cash generation from operations relative to profits.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	5.01B	4.17B	3.75B	3.52B	3.31B
Gross Profit	3.46B	2.88B	2.55B	2.31B	2.14B
EBITDA	776.97M	548.11M	502.18M	356.52M	264.27M
Net Income	502.37M	318.96M	299.19M	211.21M	120.57M
Balance Sheet
Total Assets	5.08B	3.30B	2.24B	2.60B	2.07B
Cash, Cash Equivalents and Short-Term Investments	2.73B	2.39B	1.52B	1.82B	1.30B
Total Debt	301.44M	333.71M	358.52M	398.46M	414.13M
Total Liabilities	1.71B	1.59B	1.44B	1.69B	1.34B
Stockholders Equity	3.37B	1.70B	802.97M	914.80M	728.33M
Cash Flow
Free Cash Flow	434.55M	458.01M	124.18M	543.00M	376.37M
Operating Cash Flow	528.51M	501.56M	180.71M	575.58M	402.26M
Investing Cash Flow	-794.55M	-178.04M	2.75M	-63.19M	-45.01M
Financing Cash Flow	1.12B	535.55M	-478.34M	-16.11M	161.24M

FCE Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 881.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9564, the sentiment is Positive. The current price of 881 is below the 20-day moving average (MA) of 885.15, above the 50-day MA of 801.82, and above the 200-day MA of 603.38, indicating a neutral trend. The MACD of 32.37 indicates Positive momentum. The RSI at 55.26 is Neutral, neither overbought nor oversold. The STOCH value of 31.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9564.

FCE Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9564	75 Outperform	¥19.39B	29.77		1.36%	24.53%	31.31%
Sector *	64 Neutral	$10.95B	16.10	8.81%	1.99%	2.59%	-16.41%
MUHIF	―		―		―	―	―
3420	73 Outperform	¥12.29B	10.20		2.97%	2.61%	9.37%
5721	65 Neutral	¥25.77B	466.19		―	-24.20%	-82.44%
7119	64 Neutral	¥13.00B	21.51		1.69%	4.58%	13.71%
9248	45 Neutral	¥16.30B	―		3.33%	8.90%	-441.63%

FCE Inc. Corporate Events

FCE Inc. Strengthens Market Position with Strategic Mission Shift

FCE Inc. has announced a strategic shift in its mission to focus on ‘Proactiveness’ and ‘Productivity,’ reflecting its commitment to enhancing human capital. The company’s DX Promotion Business, which includes the popular RPA Robo-Pat DX software, is a key growth area, maintaining a low churn rate and appealing to a wide range of companies, thereby strengthening its market position.

FCE Inc. Shifts Focus to Proactiveness and Productivity

FCE Inc. has updated its mission to emphasize maximizing human capital through ‘Proactiveness’ and ‘Productivity’. This strategic shift reflects the company’s commitment to fostering a proactive and productive workforce, potentially enhancing its market position and offering new value to stakeholders.

FCE Inc. Reports Strong Financial Growth and Dividend Revision

FCE Inc. reported a strong financial performance for the nine months ending June 30, 2025, with significant increases in net sales, operating profit, and profit attributable to owners of the parent compared to the previous year. The company also revised its dividend forecast, indicating a focus on returning value to shareholders, and announced a stock split to enhance share liquidity.

FCE Inc. Enhances Focus on Proactive Productivity with Strategic Mission Shift

FCE Inc. has announced a strategic shift in its mission to focus on ‘Proactiveness’ and ‘Productivity’, reflecting its commitment to enhancing human capital. The company’s DX Promotion Business, which includes the RPA Robo-Pat DX software, is gaining traction among small to large companies, maintaining a low churn rate and contributing significantly to its stable revenue model.

FCE Inc. Updates Mission to Enhance Human Capital Strategy

FCE Inc. has updated its mission statement to emphasize maximizing human capital through ‘Proactiveness’ and ‘Proactivity.’ This strategic shift highlights the company’s commitment to enhancing its operational focus and potentially strengthening its market position by aligning its services with evolving industry demands.