Stock 5991 NHK SPRING CO., LTD.
Add to a list
To use this feature you must be a member
Log inSign up

Financials NHK Spring Co., Ltd.

Equities

5991

JP3742600004

Auto, Truck & Motorcycle Parts

Market Closed - Japan Exchange
Other stock markets
 02:00:00 2024-04-26 am EDT 		5-day change 1st Jan Change
1,595 JPY +2.01% Intraday chart for NHK Spring Co., Ltd. +7.30% +33.25%
Apr. 02 Tranche Update on NHK Spring Co., Ltd.'s Equity Buyback Plan announced on February 13, 2024. CI
Mar. 07 Morgan Stanley Downgrades NHK Spring to Equalweight from Overweight, Price Target is 1,400 Yen MT

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 235,669 167,356 189,256 201,796 214,512 353,231 - -
Enterprise Value (EV) 1 188,748 146,901 179,656 162,450 160,639 347,793 363,639 361,202
P/E ratio 33.2 x 36.4 x 20.5 x 6.31 x 10 x 10 x 12.4 x 10.8 x
Yield 2.41% 2.4% 2.05% 3.05% 3.38% 2.51% 2.59% 2.97%
Capitalization / Revenue 0.35 x 0.25 x 0.33 x 0.34 x 0.31 x 0.46 x 0.44 x 0.43 x
EV / Revenue 0.28 x 0.22 x 0.31 x 0.28 x 0.23 x 0.46 x 0.46 x 0.44 x
EV / EBITDA 3.65 x 3.12 x 4.73 x 3.27 x 2.78 x 6.1 x 5.23 x 4.43 x
EV / FCF -23.1 x -45.5 x 38.6 x 14.4 x -5.72 x 29.7 x 13.4 x -
FCF Yield -4.33% -2.2% 2.59% 6.93% -17.5% 3.36% 7.45% -
Price to Book 0.84 x 0.62 x 0.67 x 0.63 x 0.61 x 0.96 x 0.91 x 0.85 x
Nbr of stocks (in thousands) 237,091 236,379 228,019 228,018 226,518 221,461 - -
Reference price 2 994.0 708.0 830.0 885.0 947.0 1,595 1,595 1,595
Announcement Date 5/10/19 5/25/20 5/14/21 5/13/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 681,006 664,499 572,639 586,903 693,246 760,333 796,000 823,000
EBITDA 1 51,651 47,123 37,961 49,659 57,717 57,000 69,500 81,500
EBIT 1 26,650 20,715 10,463 21,359 28,838 28,233 37,167 43,500
Operating Margin 3.91% 3.12% 1.83% 3.64% 4.16% 3.71% 4.67% 5.29%
Earnings before Tax (EBT) 1 20,116 12,213 14,759 50,105 30,311 52,500 45,000 54,500
Net income 1 7,104 4,612 9,396 31,998 21,537 36,517 28,967 32,767
Net margin 1.04% 0.69% 1.64% 5.45% 3.11% 4.8% 3.64% 3.98%
EPS 2 29.97 19.46 40.45 140.3 94.50 158.9 128.6 147.4
Free Cash Flow 1 -8,181 -3,229 4,655 11,252 -28,102 11,700 27,100 -
FCF margin -1.2% -0.49% 0.81% 1.92% -4.05% 1.54% 3.4% -
FCF Conversion (EBITDA) - - 12.26% 22.66% - 20.53% 38.99% -
FCF Conversion (Net income) - - 49.54% 35.16% - 32.04% 93.56% -
Dividend per Share 2 24.00 17.00 17.00 27.00 32.00 40.00 41.33 47.33
Announcement Date 5/10/19 5/25/20 5/14/21 5/13/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 S1 2024 Q3
Net sales 1 323,712 340,787 236,254 336,385 - 278,927 148,844 - 155,036 332,612 178,720 - 179,293 362,195 200,093
EBITDA - - - - - - - - - - - - - - -
EBIT 1 6,058 14,657 -8,816 19,279 4,128 10,292 6,032 5,035 5,962 17,282 7,472 4,084 4,940 7,951 9,744
Operating Margin 1.87% 4.3% -3.73% 5.73% - 3.69% 4.05% - 3.85% 5.2% 4.18% - 2.76% 2.2% 4.87%
Earnings before Tax (EBT) 1 2,276 - -9,720 - - 13,254 8,627 - 12,381 27,987 5,301 - 10,285 20,110 9,696
Net income 1 -149 4,761 -7,979 - - 8,414 5,783 - 8,591 19,871 3,810 - 7,151 14,351 6,630
Net margin -0.05% 1.4% -3.38% - - 3.02% 3.89% - 5.54% 5.97% 2.13% - 3.99% 3.96% 3.31%
EPS 2 -0.6300 - -34.08 - - 36.90 25.36 - 37.68 87.15 16.71 - 31.57 63.36 29.26
Dividend per Share 12.00 - 5.000 - - 12.00 - - - 15.00 - - - 17.00 -
Announcement Date 11/6/19 5/25/20 11/5/20 5/14/21 11/10/21 11/10/21 2/7/22 5/13/22 8/4/22 11/10/22 2/9/23 5/15/23 8/10/23 11/13/23 2/13/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - 10,408 7,971
Net Cash position 1 46,921 20,455 9,600 39,346 53,873 5,438 - -
Leverage (Debt/EBITDA) - - - - - - 0.1498 x 0.0978 x
Free Cash Flow 1 -8,181 -3,229 4,655 11,252 -28,102 11,700 27,100 -
ROE (net income / shareholders' equity) 2.5% 1.7% 3.4% 10.5% 6.4% 9.96% 8.3% 9.99%
ROA (Net income/ Total Assets) 5.49% 3.85% 2.66% 5.34% 6.25% - - -
Assets 1 129,377 119,910 353,452 599,225 344,588 - - -
Book Value Per Share 2 1,186 1,151 1,245 1,415 1,542 1,653 1,758 1,880
Cash Flow per Share 135.0 131.0 159.0 264.0 221.0 - - -
Capex 44,975 39,850 24,981 23,253 28,078 - - -
Capex / Sales 6.6% 6% 4.36% 3.96% 4.05% - - -
Announcement Date 5/10/19 5/25/20 5/14/21 5/13/22 5/15/23 - - -
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for NHK Spring Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
1,595 JPY
Average target price
1,375 JPY
Spread / Average Target
-13.79%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Automotive Systems

1st Jan change Capi.
NHK SPRING CO., LTD. Stock NHK Spring Co., Ltd.
+33.25% 2.24B
BREMBO N.V. Stock Brembo N.V.
+9.91% 4.21B
IMOTION AUTOMOTIVE TECHNOLOGY (SUZHOU) CO., LTD. Stock iMotion Automotive Technology (Suzhou) Co., Ltd.
+226.41% 3.18B
BETHEL AUTOMOTIVE SAFETY SYSTEMS CO., LTD Stock Bethel Automotive Safety Systems Co., Ltd
-24.08% 3.15B
JTEKT CORPORATION Stock JTEKT Corporation
+5.57% 2.75B
HANON SYSTEMS Stock Hanon Systems
-27.98% 2.04B
NEXTEER AUTOMOTIVE GROUP LIMITED Stock Nexteer Automotive Group Limited
-20.08% 1.26B
AOTECAR NEW ENERGY TECHNOLOGY CO., LTD. Stock Aotecar New Energy Technology Co., Ltd.
-15.08% 1.24B
ZHEJIANG VIE SCIENCE & TECHNOLOGY CO., LTD. Stock Zhejiang VIE Science & Technology Co., Ltd.
+50.22% 1.13B
ZHEJIANG WANLIYANG CO., LTD. Stock Zhejiang Wanliyang Co., Ltd.
-20.81% 1.07B
Automotive Systems
  1. Stock Market
  2. Equities
  3. 5991 Stock
  4. Financials NHK Spring Co., Ltd.